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2018 Full Year Results Presentation – Eni S.P.A

Eni S.P.A · Feb 15, 2019 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2018 Full Year Results Presentation – Eni S.P.A – slide 1
    2018 Full Year Results 15 FEBRUARY 2019
  2. 2018 Full Year Results Presentation – Eni S.P.A – slide 2
    Highlights 2018 SAFETY & TRIR: 0.35 ENVIRONMENT Upstream GHG intensity: -6% vs 2017 UPSTREAM New production record: 1.85 Mboe/d (+2.5% vs 2017 price adj) New Resources: 600 mln boe; UEC 1.5/bbl Reserves Repl. Ratio (all sources):…
  3. 2018 Full Year Results Presentation – Eni S.P.A – slide 3
    Expanding Footprint in the Gulf Sharjah NET ACREAGE Bahrain 70,000 Km2 EXPLORATION 3 Bln Boe Hydrocarbon risked potential Oman LONG TERM PRODUCTION 400 KBoed EQUITY OVERALL REFINING CAPACITY + 35 % Abu Dhabi 3
  4. 2018 Full Year Results Presentation – Eni S.P.A – slide 4
    ADNOC refineries - 20% acquisition Abu Dhabi (Jan 2019) Adding 185 kbbl/d Eni total capacity around 730 kbbl/d Excellent production yield almost zero fuel oil Further optimization from higher crude flexibility & efficiency…
  5. 2018 Full Year Results Presentation – Eni S.P.A – slide 5
    E&P Production Equity Production kboe/d HIGHLIGHTS + 1.9% vs 2017 (+2.5% price adj) 1,851 1,816 Zohr current production 2 billion cubic feet/d 5 main start ups 1,598 6 FID 2014 2017 2018 CAGR 2014-2018 3.7% 5
  6. 2018 Full Year Results Presentation – Eni S.P.A – slide 6
    Proved Reserves Bln boe -0.2 0.3 -0.7 0.7 7.2 7.0 7.0 RRR organic: 103% RRR all sources: 124% RRR organic: 100% Life index: 10.5 years Life index: 10.6 years Reserves at YE Production Net Additions Reserves at YE…
  7. 2018 Full Year Results Presentation – Eni S.P.A – slide 7
    E&P results EBIT adj bln CFFO bln + 55% 12.9 + 110 % 10.9 8.3 Capex 6.6 Capex 6.6 5.2 FY 2017 FY 2018 FY 2017 FY2018 Brent /bbl 54 71 Brent /bbl 54 71 7 CFFO per boe 22.5
  8. 2018 Full Year Results Presentation – Eni S.P.A – slide 8
    Mid-Downstream performance EBIT mln HIGHLIGHTS 2018 1,205 LNG Contracted Volumes 8.8 MTY (+ 70% vs 2017) R&M 924 531 G&P Retail clients +6% vs 2017 390 Gas & R&M strong performance in Marketing Power 214 Versalis resilient…
  9. 2018 Full Year Results Presentation – Eni S.P.A – slide 9
    Cash balance and leverage 2018 Cash balance bln 16 DISPOSALS Excess Cash 14 3.8 bln Cash Neutrality 12 ACQUISITIONS CFFO* = CAPEX + DIV 10 8 DIVIDEND 52 /bbl 6 CFFO* CAPEX 4 2 2018 YE Leverage 16% 0 SOURCES USES…
  10. 2018 Full Year Results Presentation – Eni S.P.A – slide 10
    A stronger company in 4 years PRODUCTION vs TOTAL CAPEX ORGANIC FCF vs NET DEBT Brent /bbl 99 71 10 A fast transformation
  11. 2018 Full Year Results Presentation – Eni S.P.A – slide 11
    BACK UP 11
  12. 2018 Full Year Results Presentation – Eni S.P.A – slide 12
    Market scenario Brent (/bbl) Exchange rate (/) 71.0 1.18 54.3 1.13 2017 2018 2017 2018 European gas prices (/kcm) SERM (/bbl) Cracker margin (/ton) 260 243 386 211 183 5.0 344 3.7 2017 2018 2017 2018 2017 2018 12…

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