HIGHLIGHTS 1Q14 AND SUBSEQUENT PERIOD First operating result of HRT since its foundation, with revenue, cash, EBITDA and profit generation; SSM and ASM with the election of new Board of Directors and Fiscal Council members, and the…
CORPORATE GOVERNANCE Shareholders Meetings ASM of April 30, 2014 SSM of June 13* and 24**, 2014 Resolutions made: Resolutions intended to be made: Approval of the management accounts and Amendments to the Companys By-Laws. financial…
STRATEGIC GUIDELINES HRT in 2014 Acquisition of the Polvo Field and search for new production assets Diversification of the portfolio and investment in production assets Homogeneous Board; and The Companys peace-keeping Cash…
POLVO FIELD Oil Production 2014: POLVO FIELD* DAILY OIL PRODUCTION (BBL/D) Preventive stoppage of 3 Total stoppage of the Failure of the Daily Volume (bbl) Accumulated Volume wells due to low efficiency production to repair the by-…
POLVO FIELD HRTS CRUDE OIL OFFTAKES Crude Oil Sale - 2014 (000 bbl) 2Q14 CRUDE OIL OFFTAKES (bbl) 1Q14 600 January Type HRT Maersk 1st shipment Shared 233,333 155,556 395 March Type HRT Maersk 233 2nd shipment HRT Only 395,061…
GAS USAGE 1Q14 POLVO FIELD 100% Quarterly gas production: 90% Use of Resources 80% 2,888,930 m 70% Fuel: 60% 2,536,494 m 50% 96% Subsurface 92% Gas flaring 40% 79% due to gas 30% compression Investment of US1.8 million…
POLVO FIELD Continuing the Environmental Education Program (PEA) Institutionalize and maintain 10 Observatories, providing the people with training courses to identify, supervise and address, in their municipalities,…
CERTIFICATION OF RESOURCES D&M Reports Net HRT (in thousands of barrels - Mbbl) NET HRT (Mbbl) Gas Oil Total Reserves and Reservoirs Polvo Proved - 1P - 9,015 9,015 New ongoing mapping will allow a new vision of Reserves…
FINANCIALS 1Q14 Dr -11- -11- -11-
QUARTERLY RESULTS 1Q14 Financial Highlights HRTs first operation gain since its foundation, with revenue, cash generation and net profit; EBITDA of R36 million and margin of 25%; Increase of available cash in 99%, reaching R308…
QUARTERLY RESULTS Million BRL CONSOLIDATED FINANCIAL STATEMENT 1Q13 1Q14 Net Revenues 2.1 143.3 141.2 Gross Income 1.6 46.0 44.4 200 1Q13 143,3 Operational Expenses -99.2 -10.2 89.0 150 Dry well write off and Impairment 0.0 0.0 100…
CASH POSITION Million BRL Increase by 99% in the Companys liquidity Funds in a escrow account: used in the Polvo acquisition and Credit Suisse pre-payment HRT concluded 1Q14 debt-free, without a restricted cash and with Polvos…
2014 CASH FLOW Million BRL Revenues : +R135 million from the crude oil sale, +R2.5 million IPEX, and +R3 million income Inflow from Divestment: +R41 million from rigs, and +R6 million from the sale of a helicopter Loans: Credit…
BREAKDOWN OF DISBURSEMENTS Million BRL Reduction by 41.9% in the total net recurring disbursements Solimes: Expenses with lease of rigs, logistics, personnel and others Namibia: Residual payments with the 2013 drilling campaign and…
CASH BURN RATE - CBR BY PROJECT Million BRL per day Step-reduction in the Companys cash burn rate and in projects, arising from initiatives and actions that have been implemented since 2H13 Solimes: squeeze of costs, hibernation of…
FINAL REMARKS Through 2014 First Quarter Results, HRT reaches a new growth and sustainability plateau, with a free cash flow of R308 million, and net operating revenue of R143 million, as a debt-free company; This first quarter will…
INVESTOR RELATIONS CONTACT HRT Participaes S.A. Av. Atlntica 1130 10 andar Copacabana CEP 22021-000 - Rio de Janeiro - RJ - Brazil www.hrt.com.br/ir Eduardo Larangeira Jcome Sandra Calcado Tainah Costa Organizational…
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