Petroleo Brasileiro Sa · BMFBOVESPA:PETR3
Petroleo Brasileiro Sa — Q3 2024 Earnings Presentation
12 slides from Petroleo Brasileiro Sa's earnings presentation, Nov 8, 2024
Slide 1: 3Q24 Performance Webcast
3Q24 Performance — Webcast November 8, 2024 FPSO Maria Quitéria 1st oil in October 2024 PÚBLICA
Slide 2: Disclaimer
Disclaimer — The presentation may contain forward- political, economic and social developments, looking statements about future events that receipt of governmental approvals and are not based on historical facts and are not licenses and our ability to obtain financing. NON-SEC COMPLIANT OIL assuranc
Slide 3: Operational Highlights 3Q24
Operational Highlights 3Q24 — HISTORIC MILESTONE IN START-UP OF + 2 FPSOs GAS DISCOVERY IN TUPI FPSO Maria Quitéria, OFFSHORE COLOMBIA In September, the in Jubarte field: We reported the volume of unprecedented level of 3 billion October 15th, earlier than gas in place of barrels of oil (bbl) in acc
Slide 4: Operational Highlights 3Q24
Operational Highlights 3Q24 — Complexo Boaventura HIGH LEVEL OF UTILIZATION FACTOR PARTNERSHIP WITH VALE OF 95% We established an agreement for Keeping high-value oil product’s yield, and a tests and studies on the supply of quarterly record of processing pre-salt oil low-carbon products, including
Slide 5: 3Q24 Results
3Q24 Results — TAXES PROPOSED RECURRING EBITDA PAID DIVIDENDS • US$ 11.6 billion R$ 64.4 billion R$ 17.1 billion RECURRING NET INCOME • US$ 5.9 billion OPERATING CASH FLOW • US$ 11.3 billion FREE CASH FLOW • US$ 6.9 billion GROSS DEBT • US$ 59.1 billion Photo: Murilo Bueno, P-74 employee 5 PÚBLICA
Slide 6: A more challenging environment
A more challenging environment — Average Brent Average Exchange rate Averege Diesel Crack spread US$/bbl R$/US$ US$/bbl 90 6 60 +6.3% -5.6% 85 86,76 5,5 40 -15.9% 86.76 5,55 5.55 40,49 84,94 84.94 5.55 80 5 5,22 20 80.18 80,18 5.22 20.29 20,29 4.88 4,88 17.06 17,06 75 4,5 0 3Q23 2Q24 3Q24 3Q23 2Q24
Slide 7: Consistent results, despite the challenging environment
Consistent results, despite the challenging environment — EBITDA NET INCOME US$ billion US$ billion 12.0 12,0 11.6 11,6 11.5 11,5 9.6 9,6 5.4 5,4 5.5 5,5 5.9 5,9 -0,3 -0.3 Without exclusive Without exclusive Realized 2Q24 Realized 3Q24 Without exclusive Without exclusive Realized 2Q24 Realized 3Q24
Slide 8: Consistent operating cash flow generation
Consistent operating cash flow generation — We generated Operating Cash Flow of US$ 11.3 billion, 24% higher than 2Q24, and a positive Free Cash flow of US$ 6.9 billion In the Exploration and 11.5 11.3 Production Segment US$ billion investments reached US$ 3.8 10.1 billion. The increase compared to
Slide 9: Lowest level of financial debt since 2008
Lowest level of financial debt since 2008 — US$ billion 75.5 63.2 62.6 Leasing 58.7 59.1 21.7 53.8 47.6 44.7 44.3 Financial Debt 41.5 23.0 23.8 33.8 Net Debt 33.4 Gross Debt 53.9 35.7 30.0 28.8 25.8 2020 2021 2022 2023 3Q24 Average debt maturity 11.7 13.4 12.1 11.4 11.6 (years) Spread to the US Tras
Slide 10: Commitment to distributing the results generated
Commitment to distributing the results generated — We keep the financial sustainability of the Company with gross debt under control and within the Strategic Plan range SHAREHOLDER REMUNERATION DIVIDENDS + INTEREST SHARE BUYBACK 3Q24 (45% x FCL) ON CAPITAL R$ 17.1 billion None in the period R$ 17.1
Slide 11: Contribution to Society
Contribution to Society — Federal 15.6 20.7 States 0.3 R$ 64.4 billion Municipalities 27.8 Government Participation Note: amounts presented on cash basis 11 PÚBLICA
Slide 12: Q&A Session
Q&A Session — PÚBLICA