Equinor ASA · OSL:EQNR
Equinor ASA — Q3 2018 Earnings Presentation
11 slides from Equinor ASA's earnings presentation, Oct 25, 2018
Slide 1: 3rd Quarter 2018 results
6 = uf “hy ?. equinor Lars Christian Bache Executive Vice President. and
Slide 2: Third quarter 2018
Third quarter 2018 + Strong results and cash flow across alll segments + Net debt ratio reduced to 25.7% + High activity level and efficient project execution + Capex guiding for 2018 reduced to around USD 10 billion + Continued strong cost focus + Value enhancing transactions to strengthen and shar
Slide 3: Safety
equinor *: Ag Safety Serious incidents per million work-hours 12-month rolling figures 14 1 08 07 L U O : l a : 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 3Q2018
Slide 4: Financial results
Financial results + Adjusted earnings more than doubled + Underlying operating costs per barrel up slightly * mainly due to turnarounds and preparations for start-ups + High earnings after tax + Increased by 143% 3Q 2018 Million USD 3Q 2017 Million USD equinor *: 1,666 4,597 246 4,843 (2,856) 1,988
Slide 5: Strong adjusted earnings
equinor ** Strong adjusted earnings + E&P Norway + E&P International + MMP. + Capturing higher margins + Record high adjusted earnings after tax + Strong products trading results + Low unplanned losses + Stable underlying operating cost per barrel + Strong results from European gas sales Million USD
Slide 6: • • • 1132 1315 1133 1235
• • • 913 729 933 831 1132 1315 1133 1235
Slide 7: Strong cash generation 2018 YTD Cash flow
equinor Strong cash generation 2018 YTD Cash flow Million USD Strong cash flow from operations Net debt ratio reduced Cash flow from from 27.2% to 25.7% operating activities Taxes paid 20,430! (6329P + Organic capex USD 7.2 billion Dividends paid coentiowite + Continued strict capital discipline (19
Slide 8: Outlook
equinor *: Outlook poco ° PERIOD * OUTLOOK Organic capex i 2018 ' around LO bnusot Exploration i 2018 i Around 1.5. bnuso : 2017- 1-2x Production H O17 2018 ° 1 2017 - 2020 H 3-4% cacr Maintenance 2018 i Around 95 mboe per day
Slide 9: Slide 9
Slide 10: Forward-looking statements
equinor ** Forward-looking statements This presentation contains certain forward-looking statements that involve risks and uncertainties. In some cases, we use words such as ‘ambition’, ‘continue’, could’, “estimate”, “expect, ‘believe’, focus’, "ikely’, "may’, ‘outlook’, ‘plan’, ’strategy’, ‘wil’,
Slide 11: Investor Relations in Equinor
Investor Relations in Equinor E-mail: irpost@equinor.com Investor Relations Europe Peter Hutton Senior Vice President Lars Valdresbraten IR Officer Erik Gonder IR Officer Ida Marie Fjellheim IR Officer Marc Jacouris IR Officer Marius Javier Sandnes Senior Consultant Anne Sofie Dahle Senior Consultan