Slide 1: 2011 third quarter results
2011 third quarter results October 27th, 2011 eni.com
Slide 2: Q3 highlights
Q3 highlights Libya: situation improving Greenstream re-start Oct 13, gradual ramp up of export volumes Bahr-Essalam re-start expected in November FY 2011 impact approximately -190kboe/d Other highlights Largest eni operated discovery ever at Mamba South in Mozambique Yamal Peninsula: sign
Slide 3: Market environment
market environment Average European Brent €/$ exchange rate refining margin* $/bl €/bl $/bl €/bl 135 135 6 6 1,5 120 120 5 5 1,45 105 105 4 4 1,4 90 90 3 3 1,35 75 75 2 2 1,3 60 60 1 1 1,25 45 45 0 0 1,2 Q310 Q410 Q1 11 Q2 11 Q3 11 Q3 10 Q410 Q1 11 Q2 11 Q3 11 Q310 Q410 Q1 11 Q2 11 Q3 11 USD Euro *
Slide 4: Q3 consolidated results
Q3 consolidated results Adj. operating profit Adj. net profit Million € Million € 4,613 4,106 1,795 1,678 Q3 10 E&P G&P R&M Other Q3 11 Q3 10 Op. Profit Inv/Fin Taxes Minor Q3 11 adj charges 4
Slide 5: E&P performance
E&P performance Oil & gas production Adj. operating profit kboe/d Million € 1,954 4,120 4,028 3,931 3,826 1,705 1,684 3,296 1,489 1,473 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Oil Gas 5
Slide 6: G&P performance
G&P performance Gas sales Adj. operating profit Bcm Million € 31,6 958 27,2 777 20,3 17,4 17,3 446 352 251 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Italy International* * Including associates 6
Slide 7: G&P: ebitda proforma adjusted
G&P: ebitda proforma adjusted* million € 1,432 1,051 921 825 675 338 550 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 International Regulated Marketing Transport businesses in Italy * Ebitda pro forma includes: pro-quota ebitda contribution from SRG and associates 7
Slide 8: R&M performance
R&M performance Process utilization index Adj. operating profit % Million € 14 26 84 86 82 83 73 -39 -114 -176 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 8
Slide 9: Other businesses: adjusted operating profit
other businesses: adjusted operating profit million € Q3 Q3 Δ% 2010 2011 Petrochemicals 31 (80) n.s. Engineering & Construction 316 333 5.4 Other activities (54) (52) 3.7 Corporate (39) (94) -141 9
Slide 10: Net debt evolution
net debt evolution billion € 28.3 0.1 26.1 9.5 11.2 4.1 0.3 Dec 2010 Operating Divestments Dividends Capex Acquisitions & Sep 2011 cashflow Others 10
Slide 11: Appendix
Appendix 27 October 2011 eni.com
Slide 12: Results of operations
results of operations million € Q3 10 Q3 11 9M 10 9M 11 Δ% 22.704 26.112 Net sales from operations 70.410 79.487 4.084 4.504 Operating Profit 13.236 13.952 5.4 28 (68) Inventory holding gains (losses) (749) (977) 4.112 4.436 Replacement Cost Operating Profit 12.487 12.975 3.9 (6) 177 Special items 7
Slide 13: G&P: adjusted operating profit by activities
G&P: adjusted operating profit by activities million € -21.1% 352 446 International Transport Regulated business in Italy Marketing 13
Slide 14: Unrealized profit in stocks (UPIS)
unrealized profit in stocks (UPIS) million € Q3 10 Q3 11 E&P vs R&M 124 220 E&P vs G&P (18) (18) E&C vs Eni Group (10) (5) Total UPIS 96 197 14
Slide 15: Eni share of profit from associates
eni share of profit from associates Q3 2010 2011 Equity method accounted for 147 208 Gas transportation abroad 50 15 EnBw (GVS) 0 0 Union Fenosa 23 36 Blue Stream 9 6 Others 65 151 Dividends 17 4 Disposals 0 0 Others 14 0 Net income from associates 178 212 15
Slide 16: G&P share of profit from associates
G&P share of profit from associates million € -27.4% 113 50 82 9 5 13 68 50 Q3 10 Q3 11 Marketing Regulated business in Italy International Transport 16
Slide 17: Main operating data
main operating data Q3 10 Q3 11 9M 10 9M 11 Δ% 1,705 1,473 Hydrocarbon prod. (kboe/d) 1,768 1,548 (12.4) 151.7 130.0 Production sold* (mmboe) 464.4 404.8 (12.8) 6.6 6.3 Natural gas sales in Italy**(bcm) 23.7 25.4 6.9 9.9 9.2 Natural gas sales in Europe*** (bcm) 38.4 39.0 1.7 10.7 9.6 Power
Slide 18: Production growth by geographical area
production growth by geographical area kboe/d -13.6% 1,705 1,473 18
Slide 19: Oil & gas production
oil & gas production kboe/d -13.6% 1,705 1,705 1,473 1,473 948 793 1,523 1,280 757 680 Q3 10 Q3 11 Gas Liquids 19
Slide 20: Capex
capex million € 2.7% 2,929 2,851 54 47 20
Slide 21: Eni consolidated results
eni consolidated results 2.1% 8.7% EPS 0.48 0.49 0.46 0.50 Euro per share* Q3 10 Q3 11 Q3 10 Q3 11 Adjusted Adjusted -1.9% -1.0% 1.05 1.03 1.03 1.02 CFPS Euro per share* Q3 10 Q3 11 Q3 10 Q3 11 Adjusted Adjusted * Average shares: Q3 10 3,622.4 million; Q3 11 3,622.4 million Note: Cash Flow calculate