Galp Energia, Sgps S.a. Class B · EURONEXT:GALP
Galp Energia, Sgps S.a. Class B — Q3 2023 Earnings Presentation
13 slides from Galp Energia, Sgps S.a. Class B's earnings presentation, Oct 30, 2023
Slide 1: Financial Overview 3Q23
30 October 2023
Slide 2: 3Q23 Highlights
3Q23 Highlights Operating momentum and capital discipline driving robust financial performance Strong operating performance across all divisions... €1,057 m Ebitda , .. successfully capturing the el 2 bn commodities cycle... €716 m Net debt OCF ... leading to robust cash generation and further reduc
Slide 3: Upstream
Upstream Delivering from superior and highly resilient portfolio 1 25 kboepd WI Production (exc. Angola) 84 spn Oil realisations 41 $/boe Gas realisations 2 9 $/boe Production costs 3Q23 @ WI production in Brazil supported by normalised operating efficiencies ®@ Mozambique Coral FLNG reaching platea
Slide 4: Renewables & New Businesses
Renewables & New Businesses Continue to develop a value driven renewables integration 3Q23 ® Capturing continued robust Iberia market prices 760 @ Generation supported on seasonally high irradiation GWh despite slight impact by hail in one park Steering a profitable renewables growth Renewable power
Slide 5: Industrial & Midstream
Industrial & Midstream Supportive refining environment and increased supply & trading flexibility 22.4 mboe Raw materials processed 14.6 $/boe Refining margin 2.6 $/boe Refining operating costs 13 Awe NG/LNG supply & trading sold volumes 3Q23 ®@ Refining performance supported on high availability an
Slide 6: Integration and decarbonisation
ion. and. decarbonisation Expected start up -e550 m Green hydrogen project Total Galp capex ydrogen proj Renewable diesel & SAF Substitute c.20% of current grey H, production Galp and Mitsui JV (75/25) Renewable power & industrial recycled water usage «800 ktpa EPCM awarded to Technip / Technoedif P
Slide 7: Commercial
Commercial Strong contribution from business under transformation 1 8 mton Oil products sales 4.300 Gas & Power sales 3.4 (+43% vs YE22) Current EV charging network 3Q23 @ Aviation sales continued growth, already surpassing pre- Covid levels @ Retail Iberia oil volumes and convenience supported by h
Slide 8: Slide 8
Slide 9: 3Q23 robust earnings despite elevated tax level
3Q23 robust earnings despite elevated tax level Strong operating momentum capturing increased macro environment 9 RCA Ebitda 3Q23 P&L (€ m) includes impairments and provisions 0 + Includes: -59 m in Renewables (Brazil) _ induces: | €-76 m extraordinary taxes in Iberia! -51 min Industrial & Midstream
Slide 10: Strong cash flow generation
Strong cash flow generation supported by operating contribution and favourable pricing environment 3Q23 Cash flow(€ m) Includes €132 m divestments / dividend proceeds from Angola sale (148) 18 161) (29) (58) 6 & (286) 497 OCF Working Special Items. CFFO Net capex Net fin. FCF Leases Shidr 4 Net Debt
Slide 11: FY2023 guidance on improved operations and stronger macro
on the back of improved operations and stronger macro FY2023 (€ bn) Improved and slightly environment ¢.1.1 . €0.6 bn of divestments | Od assuming Angola upstream disposal completion by YE23 Ebitda OcF Gross capex Pe Sales proceeds partially being received ce 2023 macro assumptions: through interim
Slide 12: 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 13: galp.com
galp.com