Totalenergies Se · EURONEXT:TTE
Totalenergies — Q2 2021 Earnings Presentation
26 slides from Totalenergies's earnings presentation, Jul 30, 2021
Slide 1: Second quarter 2021 results and Board of Directors approval
Paris, July 29, 2021 - The Board of Directors of TotalEnergies SE, meeting on July 28, 2021, under the chairmanship of Chairman and Chief Executive Officer Patrick Pouyanné, approved the Company's second quarter 2021 accounts. On this occasion, Patrick Pouyanné said: "In the second quarter, thanks t
Slide 2: Data notes and definitions
Data take into account the impact of the IFRS16 “Leases” rule, effective January 1, 2019. * Average €-$ exchange rate: 1.2058 in the second quarter 2021 and 1.2053 in the first half 2021. ** 2Q20, 2Q19 and 1H20 data restated. (4) Adjusted results are defined as income using replacement cost, adjuste
Slide 3: Environment: price realizations and refining margins
* The indicators are shown on page 20 The average price of LNG increased by 8% in the second quarter 2021 compared to the previous quarter, benefiting from the lag effect of rising oil prices on long-term oil-linked LNG contracts and from the increase in natural gas prices for spot gas price LNG con
Slide 4: Hydrocarbon production
* Company production = E&P production + iGRP production Hydrocarbon production was 2,747 thousand barrels of oil equivalent per day (kboe/d) in the second quarter 2021, a decrease of 3% year-on-year, comprised of: · +2% due to the start-up and ramp-up of projects, · -2% due to the price effect, · -3
Slide 5: LNG production and sales
* The Company’s equity production may be sold by TotalEnergies or by the joint ventures Hydrocarbon production for LNG decreased year-on-year by 3% and 5% respectively in the second quarter 2021 and first half 2021, notably due to the shutdown of the Snøhvit LNG plant following a fire at the end of
Slide 6: Renewables and electricity
(1) Includes 20% of Adani Green Energy Ltd gross capacity effective first quarter 2021. (2) End of period data. (3) Solar, wind, biogas, hydroelectric and combined-cycle gas turbine (CCGT) plants. (4) TotalEnergies share (% interest) of EBITDA (Earnings Before Interest, Tax, Depreciation and Amortiz
Slide 7: Integrated Gas, Renewables & Power results
* Detail of adjustment items shown in the business segment information annex to financial statements. ** Excluding financial expenses, except those related to lease contracts, excluding the impact of contracts recognized at fair value for the sector and including capital gains on the sale of renewab
Slide 8: Exploration & Production results
* Details on adjustment items are shown in the business segment information annex to financial statements. ** Tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates - dividends received from investments - impairment of goodwill + tax on adjusted net ope
Slide 9: Refining & Chemicals
* Detail of adjustment items shown in the business segment information annex to financial statements. ** Excluding financial charges, except those related to leases. 4.4 Refining & Chemicals 4.4.1 Refinery and petrochemicals throughput and utilization rates
Slide 10: Refinery throughput and utilization
* Includes refineries in Africa reported in the Marketing & Services segment. ** Based on distillation capacity at the beginning of the year, excluding Grandpuits (definitively shut down first quarter 2021) from 2021 and Lindsey refinery (divested) from second quarter 2021.
Slide 11: Refining-Chemicals results
* Detail of adjustment items shown in the business segment information annex to financial statements. ** Excluding financial charges, except those related to leases. Adjusted net operating income for the Refining-Chemicals segment: · Decreased 11% year-on-year to $511 million in the second quarter 2
Slide 12: Marketing & Services and TotalEnergies results
* Detail of adjustment items shown in the business segment information annex to financial statements. ** Excluding financial charges, except those related to leases Adjusted net operating income was $417 million in the second quarter 2021 compared to $129 million a year earlier. This increase was ma
Slide 13: Sensitivities, summary and outlook
* Sensitivities are revised once per year upon publication of the previous year’s fourth quarter results. Sensitivities are estimates based on assumptions about TotalEnergies’ portfolio in 2021. Actual results could vary significantly from estimates based on the application of these sensitivities. T
Slide 14: Downstream
9.2 Downstream (Refining & Chemicals and Marketing & Services)
Slide 15: Petroleum product sales by region
2o2t 2o2t Hat 2021 10212020 vs_— 2019 vs _Petroleum product sales by region (kbd) twat 1H20 vs 2020 2019 sH20 Ce 16401810 663TH Aca Ce ec 758d 424853 BS _—Restofword ee eee BATS 3402-3208 va ~—~—«AAS2 ~—-105 Total coneoidated sales 3488 OA85 Is 34*«CMO2SS:«C«GSC*«CSC*«i SCC lk nle® 368M 4g88 4648154
Slide 16: Renewable capacity notes
(1) Includes 20% of gross capacity of Adani Green Energy Ltd effective first quarter 2021. (2) End-of-period data.
Slide 17: Adjustment items to net income
10. Adjustment items to net income (TotalEnergies share)
Slide 18: Reconciliation of adjusted EBITDA
* including $(1,379) million related to the effect of the sale of TotalEnergies’ participation in Petrocedeño to PDVSA in Venezuela 11. Reconciliation of adjusted EBITDA with consolidated financial statements 11.1 Reconciliation of net income (TotalEnergies share) to adjusted EBITDA
Slide 19: Reconciliation of revenues to adjusted EBITDA
11.2 Reconciliation of revenues from sales to adjusted EBITDA and net income (TotalEnergies share)
Slide 20: Investments - Divestments
12. Investments - Divestments
Slide 21: Cash-flow
* Change in debt from renewable projects (TotalEnergies share and partner share). 13. Cash-flow
Slide 22: Gearing ratio
* Operating cash flow before working capital changes, is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRP’s contracts and including capital gain from renewable projects sale (effective first quarter 2020
Slide 23: Return on average capital employed
* Excludes leases receivables and leases debts 15. Return on average capital employed Twelve months ended June 30, 2021
Slide 24: Twelve months ended March 31, 2021
Twelve months ended March 31, 2021
Slide 25: Twelve months ended June 30, 2020
Twelve months ended June 30, 2020
Slide 26: Disclaimer
* At replacement cost (excluding after-tax inventory effect). Disclaimer: The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate and independent legal entities. The terms “TotalEnergies”, “TotalEnergies company” and “Company” used in this document are generic