Slide 1: 2010 third quarter results
2010 third quarter results October 28th, 2010 eni.com
Slide 2: Market environment
market environment Average European Brent €/$ exchange rate refining margin* $/bl €/bl $/bl €/bl 6 1,6 6 90 90 5 1,5 5 4 75 75 4 3 1,4 60 60 3 2 1,3 45 45 1 2 30 30 0 1 1,2 Q309 Q409 Q110 Q210 Q309 Q309 Q409 Q110 Q210 Q3 10 Q309 Q409 Q110 Q210 Q310 * Brent/Ural FOB Mediterranean market. Eni calculat
Slide 3: Q3 consolidated results
Q3 consolidated results Adj. operating profit Adj. net profit Million € Million € 4,106 3,117 1,699 1,152 Q3 09 E&P G&P R&M Other Q3 10 Q3 09 Op. Inv/Fin Taxes Minor Q3 10 Profit adj Charges 3
Slide 4: E&P performance
E&P performance Oil & gas production Adj. operating profit kboe/d Million € 1,886 1,816 1,758 1,705 1,678 3,442 3,296 3,118 2,804 2,443 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Oil Gas 4
Slide 5: G&P performance
G&P performance Gas sales Adj. operating profit Bcm Million € 28.9 1,267 26.6 1,127 21.1 17.9 17.4 721 629 446 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Italy International* * Including associates 5
Slide 6: G&P: ebitda proforma adjusted
G&P: ebitda proforma adjusted* million € 1,720 1,432 1,159 821 825 703 675 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 International Regulated Marketing Transport businesses in Italy * Ebitda pro forma includes: pro-quota ebitda contribution from SRG and associates 6
Slide 7: R&M performance
R&M performance Process utilization index Adj. operating profit % Million € 14 84 78 77 73 70 -52 -94 -110 -196 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 7
Slide 8: Other businesses: adjusted operating profit
other businesses: adjusted operating profit million € Q3 Q3 9M 9M Δ% 2009 2010 2009 2010 (65) 31 Petrochemicals (322) (39) +88 267 316 Engineering & 836 948 +13 Construction (64) (54) Other activities (192) (162) +16 (82) (39) Corporate (257) (179) +30 8
Slide 9: Net debt evolution
net debt evolution billion € 25.3 0.1 0.3 0.3 23.1 10.0 11.6 4.0 0.9 Dec 2009 Operating Divestments Dividends Capex Acquisitions Curreny eff. Others Sep 2010 cashflow 9
Slide 10: Appendix
Appendix October 28th, 2010 eni.com
Slide 11: Results of operations
results of operations million € Q3 09 Q3 10 9M 09 9M 10 Δ% 19,142 22,704 Net sales from operations 61,150 70,410 3,217 4,084 Operating Profit 9,589 13,236 38.0 145 (28) Inventory holding gains (losses) 210 749 3,072 4,112 Replacement Cost Operating Profit 9,379 12,487 33.1 (45) 6 Special items (41)
Slide 12: G&P: adjusted operating profit by activities
G&P: adjusted operating profit by activities million € -38.1% 721 86 446 58 International Transport 450 500 Regulated business in Italy 185 -112 Marketing Q3 09 Q3 10 12
Slide 13: Unrealized profit in stocks (UPIS)
unrealized profit in stocks (UPIS) million € Q3 09 Q3 10 E&P vs R&M 28 125 E&P vs G&P (2) (19) E&C vs Eni Group (19) (10) Total UPIS 7 96 13
Slide 14: Eni share of profit from associates
eni share of profit from associates Q3 2009 2010 Equity method accounted for 197 147 Gas transportation abroad 17 50 EnBw (GVS) 3 - Union Fenosa 17 23 Blue Stream 5 9 Others 155 65 Dividends 19 18 Disposals 1 (1) Others (1) 14 Net income from associates 216 178 14
Slide 15: G&P share of profit from associates
G&P share of profit from associates million € +54.8% 113 50 73 17 14 10 46 49 Q3 09 Q3 10 Marketing Regulated business in Italy International Transport 15
Slide 16: Main operating data
main operating data Q3 09 Q3 10 9M 09 9M 10 Δ% 1,678 1,705 Hydrocarbon prod. (kboe/d) 1,730 1,768 2.3 147.6 151.7 Production sold* (mmboe) 456.0 464.4 1.8 8.9 6.6 Natural gas sales in Italy**(bcm) 30.0 23.7 (21) 10.3 8.3 Natural gas sales in Europe*** (bcm) 34.5 33.0 (4.3) 17.2 17.3 Natura
Slide 17: Production growth by geographical area
production growth by geographical area kboe/d +1.6% 1,678 1,705 368 354 132 128 85 106 344 407 567 549 161 182 Q3 09 Q3 10 Italy North Africa West Africa Kazakhstan America RoW 17
Slide 18: Oil & gas production
oil & gas production kboe/d +1.6% 1,678 1,705 1,678 1,705 161 182 957 948 1,523 1,517 757 721 Q3 09 Q3 10 Q3 09 Q3 10 Abroad Italy Gas Liquids 18
Slide 19: Capex
capex million € -3.6% 27 2,957 2,851 54 333 374 164 344 63 393 2,089 1,967 Q3 09 Q3 10 E&P G&P R&M E&C Other 19
Slide 20: Eni consolidated results
eni consolidated results +41.2% +46.9% 0.48 0.47 EPS 0.34 0.32 Euro per share* Q3 09 Q3 10 Q3 09 Q3 10 Adjusted Adjusted +19.3% +20.9% 1.05 1.04 0.88 0.86 CFPS Euro per share* Q3 09 Q3 10 Q3 09 Q3 10 Adjusted Adjusted * Average shares: Q3 09 3,622 million; Q3 10 3,622 million Note: Cash Flow calcula