Equinor Asa · OSL:EQNR
Equinor Asa — Investor Day (February 2018)
12 slides from Equinor Asa's investor day presentation, Feb 7, 2018
Slide 1: Capital markets update
Capital markets update LONDON, FEBRUARY 7, 2018
Slide 2: Forward-looking statements
ao Fesraoi 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”, “likely’, "may", “outlook’, ‘plan’, “strategy”, “will, “guidance” and similar expressions to identify
Slide 3: Delivering high value
Delivering high value Eldar Seetre President and Chief Executive Officer Statoil
Slide 4: Always safe
Always safe Serious incident frequency! 2.2 19 L4 11 109 08 | 1 TT aL i O 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1. Serious incidents per million work-hours. Page 4 Idar Seetre, High value Break-even next generation portfolio” 2 1 USD/bbl Free cash flow positive below 5 O USD/bbl 2017 eff
Slide 5: Recovering markets - need for significant new energy supplies
¥ Statoil Delivering high value Recovering markets - need for significant new energy supplies Recovering oil and gas prices USD 90 808 75@ 068 60 30 0) 1 tf 2 S 5 2 a S — Brent (USD/bbl). ——NBP (USD/mmBtu, rhs) 140 120 100 Need for new oil and gas mmboe/d 2020 2030 Oil demand range I Gas demand rang
Slide 6: Strong financial position - increasing dividend
at 74° Statoil. Delivering high value Strong financial position - increasing dividend Committed to capital distribution Strong cash generation and value creation AQ dividend 0.23 USD per share? + 45% cash dividend increase Free cash flow! Accumulated free Net debt ratio? RoACE? positive cash flow? :
Slide 7: Creating value from competence and technology
Statoil Delivering high value. Creating value from competence and technology Value drivers Operational excellence recovery World class Leading project delivery Premium Digital market access leader BRAZIL UNCONVENTIONAL OFFSHORE WIND @ Efficiency improvement 2013 to 2017. Expected ultimate recovery y
Slide 8: A world class project portfolio
Statoil. Delivering high value. A world class project portfolio Johan Sverdrup Next generation portfolio? g S cash flow starting Delivering world Class returns Break-even? Increased net Internal rate Phase 1 Full field phase 1 Break-even Break-even present value*> of return? Below Below Above Above
Slide 9: Renewing and strengthening our resources
Statoil Delivering high value. Renewing and strengthening Non-sanctioned project: our resources with large potential? Reserve replacement Adding high value Exploration ratio barrels 2018 1 Nord Above Around mae” bn boe in 20171 el) Increasing resources from 3 to Around 6 bn barre Transactions”: Carc
Slide 10: Continuing the transformation
NA AH Statoil Delivering high value. Continuing the transformation Unit production cost! Cost per well Sustain Around _ 10) level in 2020 2016 to 2018 RoACE? Above 10% 2018 + Maintaining cost and financial discipline + Locking in effects + Continuous improvement 1. USD/boe Statoil share, real, assum
Slide 11: Positioned for a low carbon future
ie * Statoil. Delivering high value. Positioned for a low carbon future Competitive advantage Low carbon oil & gas portfolio Industrial position in new energy + Industry leader on carbon intensity + Ambitious CO, emission reduction targets + Competitive returns - 9-11%! + Stress-testing and transpar
Slide 12: Delivering high value
wa “4° Statoil Delivering high value Delivering high value Growing cash flow, returns and dividend Investing in world Class projects Leveraging strengths to create value 1 Assuming 70 USD/bb. Cash flow around 12 bn USD 2018-2020! RoACE around 12% in 2020! Dividend growth 4.5%2 Next generation portfo