Slide 1: Q1 2014 results
Q1 2014 results April 29th 2014 www.eni.com
Slide 2: Q1 results: highlights
Q1 results: highlights E&P production +2.5% vs Q4 13, net of Russian assets’ sale geopolitical instability persists 200 Mboe of new discovered resources (UEC $2/boe) G&P renegotiated the Norwegian long-term gas supply contract underlying results reflect weaker demand and pricing Other busi
Slide 3: Market environment
market environment average European Brent €/$ exchange rate refining margin* USD Euro * Brent/Ural FOB Mediterranean market. Eni calculations on Platt’s Oilgram data 3
Slide 4: Q1 consolidated results
Q1 consolidated results adj. operating profit adj. net profit million € million € 1,385 3,746 1,187 3,491 4
Slide 5: E&P performance
e&p performance oil & gas production adj. operating profit kboe/d million € 1,648 1,653 1,600 1,577 1,583 3,998 3,917 3,409 3,320 3,450 5
Slide 6: G&P performance
g&p performance gas sales adj. operating profit Bcm million € 29.5 26.1 341 24.9 241 18.4 17.8 -211 -356 -436 * Including associates and excluding e&p sales in Europe and in the Gulf of Mexico 6
Slide 7: R&M performance
r&m performance sales adj. operating profit mmtonnes million € 6.0 5.8 5.7 5.2 5.0 -61 -92 -134 -174 -223 7
Slide 8: Other businesses: adjusted operating profit
other businesses: adjusted operating profit million € (63) (89) -41.3 204 128 -37.3 (55) (45) 18.2 (82) (81) 1.2 8
Slide 9: Net debt evolution
net debt evolution billion € 15.0 2.2 0.4 13.8 2.8 2.2 buyback & others 9
Slide 10: Appendix
appendix
Slide 11: Results of operations
results of operations million € Q4 13 Q1 13 Q1 14 Δ% 25,635 Net sales from operations 31,166 29,203 248 Operating Profit cont. op. 3,867 3,646 (5.7) 385 Exclusion of inventory holding (gains) losses 10 7 633 Replacement Cost Operating Profit cont. op 3,877 3,653 (5.8) 2,874 Special items (131) (162)
Slide 12: G&P: adjusted operating profit by activities
g&p: adjusted operating profit by activities million € 241 37 (211) 204 81 -292 12
Slide 13: Main operating data
main operating data million € Q4 13 Q1 13 Q1 14 Δ% 1,577 Hydrocarbon prod. (kboe/d) 1,600 1,583 (1.1) 137.4 Production sold* (mmboe) 135.8 134.7 (0.8) 10.70 Natural gas sales in Italy** (bcm) 12.53 11.18 (10.8) 12.70 Natural gas sales in the rest of Europe*** 15.14 13.32 (12.0) (bcm) 8.75 Power prod
Slide 14: Production by geographical area
production by geographical area kboe/d -1.1% 1,600 1,583 331 316 119 117 103 102 313 324 554 542 180 182 14
Slide 15: Oil & gas production
oil & gas production kboe/d -1.1% 1,600 1,583 1,600 1,583 180 182 818 822 1,420 1,401 782 761 15
Slide 16: Capex
capex million € -18.5% 3,122 339 339 2,545 91 88 204 26 111 28 2,330 2,111 16
Slide 17: Eni consolidated results
eni consolidated results -16.3% -14.3% 0.43 0.36 0.38 0.33 EPS Euro per share* -2.9% -3.1% 1.02 0.99 0.98 0.95 CFPS Euro per share* * Continuing operations. Average shares: Q1 13 3,622.8 million; Q1 14 3,617.9 million Note: Cash Flow calculated as net profit+amortization & depreciation 17