Galp Energia, Sgps S.a. Class B · EURONEXT:GALP
Galp Energia, Sgps S.a. Class B — Q2 2024 Earnings Presentation
11 slides from Galp Energia, Sgps S.a. Class B's earnings presentation, Jul 22, 2024
Slide 1: 2Q24 Results
Slide 2: 2Q24 Highlights
2Q24 Highlights Operating performance supporting sound financial delivery 1 @) 6 kboepd Upstream production! 24 mboe Raw materials processed 1 8 mton Oil products sold to direct clients 779 own Renewable power generation 2 2924 Results 849 » Ebitda RCA 646 » OCF <-238 » Net capex 0.35. Net debt to E
Slide 3: Upstream Q2 highlights
Upstream Q2 hlights ao Robust operating ntum from world evelopments 1 06 kboepd Working Interest Production 81 5/01 Oil realisations 33 $/boe Gas realisations 1 7 $/boe Unit production costs 3 2Q24 Results Angola farm-out «-eI9Om «e55m Equity proceeds + Contingent already received payment Deal compl
Slide 4: Upstream short-term outlook
Upstream short-term outlook ¥ Growth portfolio focused on most competitive projects Expected WI production Bacalhau (kboepd) FPSO topside integration ongoing as planned in Singapore with sail away in 4Q24 +40 Drilling & completion programme progressing with first oil in mid-2025 >105 LZ Mozambique >
Slide 5: Industrial & Midstream
Industrial & Midstream Asset base ensuring high availability and optimal performance 24 mboe Raw materials processed 7.7 $/boe Refining margin 2.5 $/boe Refining operating costs 10.9 rw NG/LNG supply & trading sold volumes 2Q24 Refining system strong utilization captured supportive oil products crac
Slide 6: Solid contribution from a modern and competitive asset base
Solid contribution from a modern and competitive asset base 2Q24 Ol Products Solid contribution to earnings benefiting from the start of driving season Gas & power sales benefiting from clients’ acquisition Gas & Power Convenience & Customer Solutions contribution sales remained supportive EV chargi
Slide 7: Renewables
Renewables Portfolio to support integration across the energy value chain 1.5.6w Renewables installed capacity 779 own Equity renewable generation 17 ejmwn Renewables realised sales price 2Q24 c.100 MW of new solar capacity online at the end of April Renewables generation reflecting seasonally highe
Slide 8: Financial position strengthened in 2Q24
Financial position strengthened in 2Q24 reflecting sound operating performance and proceeds from divestments 2Q24 P&L (€ m) 2Q24 Cash Flow (€ m) Ebitda of €849 m and OCF of €646m supported by strong operating delivery Capex mostly allocated to growth Projects, namely Bacalhau execution and Namibia e
Slide 9: Outlook: Portfolio resilience driving operating momentum
Outlook: Portfolio resilience driving operating momentum while maintaining disciplined capex allocation to de-risk high potential assets 9 >eSe1 bn Ebitda 2024 ><2.O0 bn OCF 2024 cel .O bn Net Capex 23-25 avg. p.a. iy 2024 DPS increase YoY! 2924 Results Improved performance more than offsetting Moza
Slide 10: Disclaimer
Disclaimer This document may include forward-looking statements. Alll statements other than statements of historicalfacts are, or may be deemed tobe, forward-looking statements. Forward-looking statements express future expectations that are based on management's expectations and assumptions as of t
Slide 11: galp.com
galp.com