Slide 1: 3 months 2008 results
3 months Klik for at2008 results redigere titeltypografi i masteren
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the management. Forward-looking statements (other than statements of historical fact) regarding our future results of operations, financ
Slide 3: Financial highlights and key events
Highlights Financial highlights and key events Financial highlights: Key events ► Revenue of DKK 15.0 billion 8 January: intention to float DONG Energy on the OMX Nordic Exchange was released ► EBITDA of DKK 3.2 billion 21 January: the Danish Ministry of Finance decided to suspend the IPO proces
Slide 4: E&P: EBITDA up 167% due to increased production and higher oil and gas prices
E&P EBITDA up 167% due to increased production and higher oil and gas prices Operational figures Significant increase in production driven by Ormen Lange ramp up Q1-08 Q1-07 Gas production 9 times higher than Oil & gas production (MMboe) 4.4 2.7 Q1 2007 and now accounts for 42% - Oil production
Slide 5: Generation: Significant drop in earnings due to lower thermal production
Generation Significant drop in earnings due to lower thermal production and unfavourable production margins Production Thermal power production down by 16% due to unfavourable developments Q1-08 Q1-07 in market prices and continued high hydro Power production (GWh) 4,878 5,836 levels in the Nordic
Slide 6: Distribution: Increased earnings from regulated activities
Distribution Increased earnings from regulated activities, caused by lower costs in the quarter Operational figures Both distributed power and distributed gas was on the same level as Q1 2007 Q1-08 Q1-07 Distribution of power (GWh) 2,536 2,517 Distribution of gas (mbbl) 308 289 Financial developme
Slide 7: Markets: Earnings on level with Q1 2007
Markets Earnings on level with Q1 2007 Operational figures Increase in power sales primarily due to sales outside Denmark Q1-08 Q1-07 Gas sales increased significantly due to Power sales (GWh) 3,257 3,037 higher sales on gas hubs and increased sales to export customers Gas sales (million m3) 3,0
Slide 8: Selected financial figures
Financials Selected financial figures DKK million Q1-08 Q1-07(1) Change Revenue 15,080 11,580 30% Depreciations down by 14%, primarily because depreciations in 2007 included amortization of EBITDA 3,186 3,102 3% CO2 allocation of DKK 290 million, which is not Depreciation (1,013) (1,177) 14% repea
Slide 9: Outlook for 2008
Financials Outlook for 2008 Commodity Average price for the remainder of 2008: prices Oil: USD 90 per barrel (changed from USD 80 per barrel) Natural gas (TTF): EUR 24 per MWh Power (Nord Pool): EUR 44 per MWh Coal (API2): USD 129 per ton CO2 certificates: EUR 19 per ton USD exchange r