Galp Energia, Sgps S.a. Class B · EURONEXT:GALP
Galp Energia, Sgps S.a. Class B — Q3 2024 Earnings Presentation
11 slides from Galp Energia, Sgps S.a. Class B's earnings presentation, Oct 28, 2024
Slide 1: 3Q24 Results
Slide 2: 3Q24 Highlights
3Q24 Highlights Continued strong operational momentum 11 2 kboepd Upstream production! 22 mboe Refinery raw materials processed 1 9 mton Oil products sold to direct clients 853 own Renewable power generation 820 » RCA Ebitda 540 m OCF 229m Net capex 0.5. Net debt to Ebitda al ‘Excludes contribution
Slide 3: Upstream
Upstream x Strong operational delivery from world class developments ‘ 11 2 kboepd 3024 Production Robust production levels in Brazil reflecting high (ex. Area 4 Moz) availability from reduced planned turnaround activities 77 $/bbl Operating and reservoir performance supporting oil top-tier producti
Slide 4: Industrial & Midstream
Industrial & Midstream Midstream mitigating lower refining margins 22 mboe Raw materials processed 4.7 $/boe Refining margin 2.7 $/boe Refining operating costs 12.010 NG /LNG supply & trading volumes 3Q24 Refining system high availability with margins reflecting international oil products’ cracks de
Slide 5: Commercial
Commercial Robust contribution supported by convenience 1 I mton 3024 Oil products sales driven by seasonally higher volumes and 5.7 TWh across oil products, jas and power Gas & Power 9 P sales 5 ° 5 k Outlook EV charging points . . in operation for increased Convenience & Customer Solutions service
Slide 6: Renewables
Renewables Portfolio to support integration across the energy value chain 1.5 ew sans Renewables Generation driven by seasonally higher irradiation installed capacity and Supporting earnings by given lower hydro penetration 853 cwn Equity renewable generation Outlook 48 €/MWh Renewables realised sal
Slide 7: 3Q24 robust earnings
>» 3Q24 robust earnings RCA Ebitda Upstream Robust production levels offsetting lower oil prices Industrial & Midstream Lower cracks partially mitigated by continued strong Midstream Commercial Supported by seasonally higher oil sales and convenience Renewables Capturing higher irradiation and recov
Slide 8: Robust free cash flow generation
) Robust free cash flow generation 3Q24 Cash flow (€ m) (284) (65) (229) (52) Ebitda + Taxes ocr Sp. items CFFO Net capex Net fin. Associates we IFRS 16 int. Inv. Eff. 2024 856 (210) 646 (84) 562 238 (12) 3023 1,059 (344) 716 (30) 686 (161) 29) galp 193 FCF 789 497 OCF supported on strong divisional
Slide 9: Guidance
Brent price Galp refining margin Iberian PVB natural gas price EUR:USD. RCA Ebitda OCF Net capex (avg. 2023-25 p.a.) jour $80/bbI $8/bo0e €30/MWh 1.10 €bn >3.1 €bn >2.0 €bn <1.0
Slide 10: Disclaimer
Disclaimer This document may include forward-looking statements. All statements other than statements of historical facts are, or may be deemed to be, forwarcHooking statements. Forward-looking statements express future expectations that are based on management's expectations and assumptions as of t
Slide 11: Investor relations contact
galp Investor.relations@galp.com