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Strategy Presentation – Eni S.P.A

Eni S.P.A · Mar 15, 2019 · 36 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. Strategy Presentation – Eni S.P.A – slide 1
    Eni Green Data Center
  2. Strategy Presentation – Eni S.P.A – slide 2
    OUR DISTINCTIVE FACTORS Access to new acreage Strong exploration results Fast monetisation of discoveries Original renewables model Financial discipline Fast. Efficient. Responsible.
  3. Strategy Presentation – Eni S.P.A – slide 3
  4. Strategy Presentation – Eni S.P.A – slide 4
    STRATEGY PRESENTATION 2019-2022 UPSTREAM LNG DOWNSTREAM CIRCULAR RENEWABLES ORGANIC GROWTH EXPANSION ECONOMY 5
  5. Strategy Presentation – Eni S.P.A – slide 5
    DRIVING VALUE THROUGH TECHNOLOGY STRATEGY PRESENTATION 2019-2022 7,300 PATENTS AND 350 PROJECTS GHG OPERATIONAL EXCELLENCE DECARBONISATION CIRCULAR ECONOMY EFFORT BENEFITS* 4YP 2019-2022 900 Mln FULL LIFE 900 4 Mln Bln 6…
  6. Strategy Presentation – Eni S.P.A – slide 6
    UPSTREAM KEY TARGETS STRATEGY PRESENTATION 2019-2022 CAGR 2018-22 4YP EXP. RESOURCES 3.5 % 2.5 bln boe UPSTREAM CAPEX COVERAGE 4YP UPSTREAM FCF 37 /bbl 22 bln 7
  7. Strategy Presentation – Eni S.P.A – slide 7
    A GLOBAL RANGE OF EXPLORATION OPPORTUNITIES STRATEGY PRESENTATION 2019-2022 Norway Algeria UK Libya Egypt US Alaska Cyprus Middle East Mexico Pakistan Ghana & Ivory Coast Vietnam Indonesia Angola Mozambique Risked…
  8. Strategy Presentation – Eni S.P.A – slide 8
    FOCUS BLOCK 15/06 STRATEGY PRESENTATION 2019-2022 Oil discoveries Development leases 9 TECHNOLOGY: OUR COMPETITIVE ADVANTAGE
  9. Strategy Presentation – Eni S.P.A – slide 9
    START UPS DRIVING GROWTH STRATEGY PRESENTATION 2019-2022 PRODUCTION GROWTH 4YP MAIN START UPS Mboed 2019 2020 2.4 Algeria Berkine & BRN Pipeline Indonesia - Merakes 2.1 CAGR Egypt Baltim SW Mexico Area 1 Congo - Nen ph.2B…
  10. Strategy Presentation – Eni S.P.A – slide 10
    AREAS OF UPSTREAM GROWTH STRATEGY PRESENTATION 2019-2022 VAR ENERGI (NORWAY) 250 U.A.E. 1,400 MEXICO 100 KBOED GROSS in 2022 KBOED GROSS KBOED in 2023 (VAR 100% ) in second half of next decade MEXICO Block 24 Block 10…
  11. Strategy Presentation – Eni S.P.A – slide 11
    LONG PIPELINE OF NEW PROJECTS STRATEGY PRESENTATION 2019-2022 Coral ph.2 (Mozambique) 2019 - 2022 Bonga SWA Kalimba cluster (Nigeria) (Angola) MAIN FIDs Rovuma LNG ph.2 A/E Structures Val DAgri (Mozambique) 18 (Libya)…
  12. Strategy Presentation – Eni S.P.A – slide 12
    THE RISE OF UPSTREAM CASH FLOW STRATEGY PRESENTATION 2019-2022 CAPEX UPSTREAM CFFO bln 14 6.5 BLN 13 PER YEAR 12 13.6 FCF 2019 - 2022 11 11.5 10 22 bln Brent /bl 2019 62 Exchange Rate / 1.15 2022 70 1.21 2X…
  13. Strategy Presentation – Eni S.P.A – slide 13
    MID-DOWNSTREAM KEY TARGETS STRATEGY PRESENTATION 2019-2022 EBIT END OF PLAN CFFO 4YP 2 BLN 10 BLN CAPEX 4YP CASH FLOW AFTER CAPEX 4YP 5 BLN 5 BLN 14 Includes G&P, R&M and Chemicals
  14. Strategy Presentation – Eni S.P.A – slide 14
    GAS & POWER AN INTEGRATED AND OPTIMIZED MODEL STRATEGY PRESENTATION 2019-2022 EBIT bln FREE CASH FLOW bln Gas & LNG Marketing and Power (GLP) Retail Eni gas e luce 0.7 0.5 0.5 2.3 bln 2019-2022 2018 2019 End of plan…
  15. Strategy Presentation – Eni S.P.A – slide 15
    RETAIL WILL DOUBLE EBIT RESULT STRATEGY PRESENTATION 2019-2022 FAST GROWING CUSTOMER BASE HIGH VALUE CUSTOMER BASE 12 mln EXTRA - COMMODITY TOTAL CUSTOMERS IN 2022 +26% vs 2018 20% of 2022 EBIT 4 mln 5X vs. 2018 EBIT…
  16. Strategy Presentation – Eni S.P.A – slide 16
    LNG: DOUBLING OUR PORTFOLIO STRATEGY PRESENTATION 2019-2022 LNG PORTFOLIO 2022 EQUITY 2022 MTPA 16 Egypt Damietta Qatar (current) 70% Vs 56% in 2018 14 Oman (current) Nigeria 8.8 NLNG (current) Mozambique Nigeria Rovuma…
  17. Strategy Presentation – Eni S.P.A – slide 17
    R&M BIGGER AND MORE PROFITABLE STRATEGY PRESENTATION 2019-2022 EBIT adj. bln ORGANIC FCF bln Refining* Marketing 0.7 1.0 2.6 0.4 bln 2019-2022 2018 2019 End of plan Breakeven 2.7 /bbl Green 1 Mton/y Margin* from 2020…
  18. Strategy Presentation – Eni S.P.A – slide 18
    RENEWABLES ORGANIC GROWTH STRATEGY PRESENTATION 2019-2022 CAPACITY GWp 4YP CAPEX bln INSTALLED CAPACITY 2022 ASIA ITALY 5 20% 17% 1.6 1.4 bln Rest of the GW World AFRICA 20% 43% 1.6 Wind 15% 0.5 1 2019-2022 PV…
  19. Strategy Presentation – Eni S.P.A – slide 19
    STRATEGY PRESENTATION 2019-2022
  20. Strategy Presentation – Eni S.P.A – slide 20
    THE DUAL CHALLENGE OF ENERGY STRATEGY PRESENTATION 2019-2022 130% We recognize the need for +30% full energy access 120% 280 mln 110% boe/d Energy demand 100% 90% 32 Gton CO2 emissions 80% 70% We share the objectives of…
  21. Strategy Presentation – Eni S.P.A – slide 21
    OUR STRATEGY FOR DECARBONISATION STRATEGY PRESENTATION 2019-2022 UPSTREAM NET ZERO EMISSIONS* BY 2030 (SCOPE 1) TOOLS Increased Forestry Growing Growth in Circular projects share of gas zero carbon CCUS efficiency approach…
  22. Strategy Presentation – Eni S.P.A – slide 22
    DIRECT INTERVENTION IN FORESTRY STRATEGY PRESENTATION 2019-2022 POSITIVE POSITIVE LOCAL SOCIAL ENVIRONMENTAL DEVELOPMENT IMPACT IMPACT 20 MTON CO2/Y CAPTURED 2030 23
  23. Strategy Presentation – Eni S.P.A – slide 23
    CIRCULAR ECONOMY STRATEGY PRESENTATION 2019-2022 TRANSFORM SUSTAINABLE RECYCLE/ AND EXTEND INPUT REUSE LIFE CYCLE CAPEX 2019-2022 950 Mln 24
  24. Strategy Presentation – Eni S.P.A – slide 24
    STRATEGY PRESENTATION 2019-2022
  25. Strategy Presentation – Eni S.P.A – slide 25
    OUR CAPEX PLAN STRATEGY PRESENTATION 2019-2022 CAPEX PER YEAR 4YP CAPEX 2019 BREAKDOWN YEARLY CAPEX FLAT 13% 80% 8 9% 33 bln bln in the 4YP 77% 15% 5% E&P Decarbonization, Circular & Renewables Others BALANCING…
  26. Strategy Presentation – Eni S.P.A – slide 26
    UPSTREAM: FOCUS ON PROJECTS UNDER DEVELOPMENT STRATEGY PRESENTATION 2019-2022 IRR % Net cash flow bln 26% 30 24% 20 22% 10 0 20% -10 18% 2018 2019 2020 2021 2022 2023 2024 2025 -20% Eni scenario +20% NCF NCF including…
  27. Strategy Presentation – Eni S.P.A – slide 27
    CASH FLOW GROWTH STRATEGY PRESENTATION 2019-2022 Upstream CFFO before working capital 19.5 /boe 20.5 /boe (Var Energi proportional basis) 20 18.5 /boe 15 GROUP CFFO AND CAPEX bln 15 actual scenario 17 % CAGR 10 Free…
  28. Strategy Presentation – Eni S.P.A – slide 28
    REMUNERATION POLICY STRATEGY PRESENTATION 2019-2022 Progressive distribution to shareholders over the long-term 2019 2020-2022 DIVIDEND DIVIDEND 0.86 per share progressive with underlying earnings and FCF BUYBACK BUYBACK…
  29. Strategy Presentation – Eni S.P.A – slide 29
    IFRS IMPACTS STRATEGY PRESENTATION 2019-2022 Balance Sheet Cash Flow Income Statement 1/1/2019 2019 2019 Capital Operating 6 bln 0,3 bln Employed Free Cash profit 1 bln Flow Net Debt 6 bln Net Profit Year end Leverage: 10…
  30. Strategy Presentation – Eni S.P.A – slide 30
    AMBITIONS TO 2030 UPSTREAM LNG & GAS RETAIL DOWNSTREAM DECARBONISATION
  31. Strategy Presentation – Eni S.P.A – slide 31
    STRATEGY PRESENTATION 2019-2022
  32. Strategy Presentation – Eni S.P.A – slide 32
    ASSUMPTIONS AND SENSITIVITY STRATEGY PRESENTATION 2019-2022 4YP Scenario 2019 2020 2021 2022 Brent dated (/bl) 62 65 68 70 FX avg (/) 1.15 1.17 1.19 1.21 Std. Eni Refining Margin (/bl) 5.0 5.5 5.5 4.7 NBP (/mmbtu) 8.2 6.7 6.8…
  33. Strategy Presentation – Eni S.P.A – slide 33
    KEY PROJECTS 1/2 STRATEGY PRESENTATION 2019-2022 West Hub 37% WI East Hub 37% WI LIQ LIQ 2019 Equity: 26 kboed 2019 Equity: 25 kboed Plateau 100%: 100 kboed 2021 Plateau 100%: 70 kboed (reached) ANGOLA ANGOLA GAS Zohr 50% WI GAS…
  34. Strategy Presentation – Eni S.P.A – slide 34
    KEY PROJECTS 2/2 STRATEGY PRESENTATION 2019-2022 CONGO Nen ph.2B 65% WI NORWAY Balder X 70% WI LIQ LIQ Progress: 5% Progress: under FID (2019) Start up: 2H 2020 Start up: 2H 2021 Peak 100%: 13 kboed 2021 Plateau 100%: 40 kboed…
  35. Strategy Presentation – Eni S.P.A – slide 35
    PRODUCTION DETAILS STRATEGY PRESENTATION 2019-2022 Production weight % 2018 Total Production 1.85 Mboed 18% 16% 9% 9% 2022 Total Production 2.1 Mboed Europe Caspian Sea Production kboed 600 8% 38% 34% 400 7% 200 600 America…
  36. Strategy Presentation – Eni S.P.A – slide 36
    IMPROVING OUR OPERATING TARGETS STRATEGY PRESENTATION 2019-2022 2018-2021 2018-2021 today previous plan Exploration discoveries 2.5 bln boe 2 bln boe Production CAGR 3.5% 3.5% Upstream projects breakeven 25/bbl 30/bbl LNG…

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