Slide 1: Analyst Presentation 9M 2012 Financial Results
Analyst Presentation 9M 2012 Financial Results November 12th, 2012 www.gasplus.it
Slide 2: Index
INDEX INDEX MARKET SCENARIO HIGHLIGHTS FINANCIAL RESULTS 1
Slide 3: Market Scenario
MARKET SCENARIO Market Brent Price Eni Gas Release Price Euro – Us Dollar Exchange rate TTF Gas Price 2
Slide 4: Highlights
HIGHLIGHTS Fin. Overview Best 9 months EBITDA and EBIT performance achieved since 2006 IPO Positive performances (E&P - Ebitda +19,3%) and progress of the development projects Gas Production lower than expected, mainly due to interruption of two Third Parties facilities Strong Net Financial
Slide 5: Financial Results: 9M 2012 Group P&L
FINANCIAL RESULTS Fin. Overview 9 M 2012 – Group P&L Group (M€) 9M 12 9M 11 % Change Total Revenues 200.9 559.1 -64.1% Operating costs 150.6 538.8 -72.0% EBITDA 50.3 20.3 147.8% EBIT 32.1 1.5 2,040.0% EBT 21.1 (8.1) 360.5% Net Result 11.8 (10.4) 213.5% EPS (€) 0.3 (0.2) 213.5% 9 M 2012 Economic resu
Slide 6: 9M 2012 Consolidated results
FINANCIAL RESULTS Fin. Overview 9M 2012 Consolidated results EBITDA breakdown by BU (M€) Net Profit evolution (M€) 50.3 20.3 4.0 30.0 0.7 4.4 - 1.5 11,8 47.0 39.4 - 7.0 -0.6 -0.1 9M11 EBITDA D&A Financial Taxes 9M12 -22.4 charges -1.1 -10.4 9M11 9M12 E&P Network Commercial gas area Other Group EBITD
Slide 7: September 30, 2012 Group Balance Sheet
FINANCIAL RESULTS Fin. Overview September 30, 2012 – Group Balance Sheet September 30, December 31, % Group (M€) 2012 2011 Change Inventories 35.0 24.5 42.8% Receivables 51.5 130.7 -60.6% Payables (32.7) (50.8) 35.6% Other working Credits/Debits (9.8) 3.6 na Non current Assets 507.1 513.5 -1.3% Taxe
Slide 8: Breakdown of Net Financial Position
FINANCIAL RESULTS Fin. Overview Breakdown of NFP (M€) 300,0 250.6 250,0 212.9 200,0 75.4 67.2 138.1 150,0 100,0 175.2 145.2 146.4 50,0 - -8.2 31 Dec 2010 31 Dec 2011 30 Sep 2012 -50,0 Acquisition financing Working capital financing Breakdown of acquisition financing by duration (M€) Breakdown of wor
Slide 9: Financial Results: E&P
FINANCIAL RESULTS: E&P E&P 9M 2012 P&L - E&P contribution E&P (M€) 9M12 9M11 % Change Hydrocarbon Production (MScme) 185.1 210.7 -12.1% Exploration Capex 1.5 1.7 -11.8% Development Capex 8.9 6.5 36.9% EBITDA 47.0 39.4 19.3% Positive EBITDA performance (+19.3% over prior year) due to a favorable pr
Slide 10: Financial Results: Commercial Gas Asset
Commercial FINANCIAL RESULTS: Commercial Gas Asset Gas Asset 9 M 2012 P&L - Commercial Gas Asset Contribution S&S (M€) 9M12 9M11 % Change Retail (M€) 9M12 9M11 % Change Supply (MScm) 476.4 1,812.5 -73.7% Sales (MScm) 446.9 1,861.9 -76.0% Sales (MScm) 159.8 443.5 -64.0% Captive retail 163.1 440.2 -62
Slide 11: Financial Results: N&T and Storage
Network and FINANCIAL RESULTS: N&T and Storage Storage Transportation 9 M 2012 P&L – N&T Contribution Storage projects: N&T (M€) 9M12 9M11 % Change SAN BENEDETTO (49% GPS - Operator): EIA Distributed Volumes (MScm) 132.3 127.1 4.1% and NOF procedure (Law334/99) ongoing Direct end users (#K) 89.5 8
Slide 12: Company Profile
COMPANY PROFILE Annex Shareholding as at 30 Sep 2012 Share information Share price performance N. of share: 44,909,620 Share price as of 30/09/2012: € 4.81 Share price as of 09/11/2012: € 4.886 Mkt cap 09/11/2012 : € 219.4 million Italian Stock Exchange – segment MTA Own shares as of 30/09/2012: 1,3
Slide 13: Disclaimer
Disclaimer This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Gas Plus. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are state