INSTITUTIONAL PRESENTATION March 2014 -1- Polvo A Platform
RIGHTSIZING HRT 1. Downsizing to a sustainable value creating platform 2. Solimes: Material gas discoveries, optimized work program, new agreement with Rosneft 3. Polvo: new cash flow, growth opportunities 4. Progress with…
RIGHTSIZING HRT Downsizing to a sustainable value creating platform Portfolio Diversification Increased participation in production assets Polvo and potential new ventures (oil & gas) Reduction of participation in exploration assets…
SOLIMES -5-
RIGHTSIZING HRT Solimes: Rosneft engaged in the project, material gas discoveries, optimized work program Agreement with Rosneft and search for other potential strategic partners Payments received (pending Cash Calls): R 35.8 million…
POLVO FIELD -7- -7-
RIGHTSIZING HRT Cash Flow Generation and Growth Opportunities Polvo transition process with BP was concluded on January 8th, 2014 Polvo Field is operating normally Polvo production and results will be important to HRT To become an…
NAMIBIA -9--9- -9-
RIGHTSIZING HRT Namibia: Focus on Wingats sub-commercial oil discovery Three wells drilled and a large set of data acquired Sub-commercial oil discovery and two dry wells: lessons learnt are under assessment The campaign confirmed…
CORPORATE -11- -11-
RIGHTSIZING HRT Progress with non-core asset divestments Divestment of non-core assets Sale of Air Amazonia to Erickson Air-Crane, including staff and 6 helicopters + US 26 million (an additional US 14 million could be received if…
RIGHTSIZING HRT Focus on Cost Optimization and Cash Preservation Cash control, liquidity and fixed-cost reduction Renegotiation of Solimes main contracts Reduction of G&A and Corporate structure Release of letters of credit for…
SHAREHOLDERS BASE Ownership Breakdown th As of January 27 , 2014 19,3% JG Petrochem Discovery Capital 37,1% Ita Unibanco 17,7% Board of Directors + Management Team Canadian GDS 97.4% Free-Float Others 19,6% 3,7%…
FINANCIALS 3Q13 Dr -15- -15-
2013 CASH FLOW TOTAL CASH Million BRL 1.200 1.000 800 600 806 1.052 144 400 224 608 200 38 30 - Beginning Cash- Recurring Non-Recurring Inflow from Inflow from Loans Final Cash-3Q13 4Q12 Disbursements Disbursements…
CASH POSITION TOTAL CASH Million BRL 608 211 POLVO - Escrow account BP deal 84 POLVO - CS Loan Guarantees 156 NAMIBIA - Letter of Credit for Transocean and Schlumberger 157 Liquidity -17-
FINAL REMARKS What was promised for 2013-2014 Portfolio Cost Divestments Adjustment Reduction -18-
FINAL REMARKS Reinventing HRT HRT has carried out important changes in 2013, preparing the Company for the future: headcount reductions, positions and salaries in the Board of Executive Officers and the Board of Directors In…
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 +55 (21) 2105 9700 Ricardo Bottas Dourado Sandra Calcado Tainah Costa CFO…
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