interim update and Q3 resultsOctober 30th, 2012eni.com
Q3 2012: highlightsProgress on strategic refocusing Completed disposal of 35% of Snam and 5% of Galp Eni gearing in Q3 f...
market environmentBrentAverage Europeanrefining margin*€/$ exchange rate1201351201351 451,5$/bl €/bl €/bl$/bl7878901051209...
Q3 consolidated resultsAdj. operating profitMillion €Adj. net profit*Million €4,3614,2671,723 1,777Q3 11 E&P G&P R&M Other...
E&P performancekboe/dOil & gas productionMillion €Adj. operating profit1,4731,6561,6785,0914,234 4,3313,9091,6834,2141,718...
G&P performance29.9BcmGas salesMillion €Adj. operating profit101919.6 18 824.718.817.3-402-196 -69-304ItalyInternational*Q...
G&P: ebitda proforma adjusted*1,318Million €532592236307-88 162 -133-108Q3 12Q3 10 Q4 10 Q1 11 Q2 11 Q2 12Q3 11 Q4 11 Q1 1...
R&M performance%Process utilization indexMillion €Adj. operating profit25169837570264-14464-226-268268Q4 11 Q1 12 Q2 12 Q3...
other businesses: adjusted operating profitΔQ32012Q32011Million €20122011 Chemicals …(77) (173) Engineering & Constructi...
net debt evolution3.29.9Billion €1.626.9 1.9 2.019.60.9Jun-12 OperatingcashflowDividends Capex Disposals Snam Debt Others ...
Appendix30 October 2012eni.com
results of operationsmillion €million €Net sales from operations9M 12 Δ %9M 11Q3 12Q3 1131.49425.516 78.042 94.697Operatin...
G&P: adjusted operating profit by activitiesmillion €million €-55.1%(304)(196)-301 354105 50International Transport301 -35...
unrealized profit in stocks (UPIS)million €million €Q3 12Q3 11E&P vs R&M (65)Q3 12219Q3 11E&P vs G&P (48)(17)E&C vs Eni Gr...
eni share of profit from associatesQ32011 201291Equity method accounted for Gas transportation abroad EnBw (GVS)7019890(...
G&P share of profit from associatesmillion €million €9-26%726397536346Q3 11 Q3 12Marketing International Transport6
main operating dataQ3 121,7189M 111,5489M 121,686Δ %8.9 Hydrocarbon prod. (kboe/d)Q3 111,473150.56.0404.825.4444.324.69.8...
production growth by geographical areakboe/dkboe/d816.6%901353323261,7181,4733643879690121193 187367593Q3 11 Q3 12Q3 11 Q3...
kboe/doil & gas productionkboe/d1 718 1 71816.6%1931871,718 1,7181,473 1,4738911,2801,531793680827Q3 11 Q3 12Abroad ItalyQ...
capexmillion €million €26%3,2241911922542292,568 433,22450472,7102,026191502,026Q3 11 Q3 12Q3 11 Q3 12E&P G&P R&M E&C Othe...
eni consolidated results0 480.680 4939% 3%0.480.490.49EPSEuro per share*Q3 12AdjustedQ3 11AdjustedQ3 12Q3 1139% 23%0.961.1...
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interim update and Q3 results

  1. 1. interim update and Q3 resultsOctober 30th, 2012eni.com
  2. 2. Q3 2012: highlightsProgress on strategic refocusing Completed disposal of 35% of Snam and 5% of Galp Eni gearing in Q3 falls to 31% (from 42% at H1)Strong performance in E&P Good production growth driven by ramp up of Libyan volumes Continuing exploration success, >3bn boe resources discovered YTDFurther steps to tackle challenging market conditions G&P: opened further supply renegotiations, continuing growth in retailsegment LNG and key European marketssegment, LNG and key European markets R&M: agreement for Venice plant reconversion, further cost cuts Chemicals: progress on international expansion2
  3. 3. market environmentBrentAverage Europeanrefining margin*€/$ exchange rate1201351201351 451,5$/bl €/bl €/bl$/bl787890105120901051201,351,41,45456456607560751,251,31231234545Q311 Q411 Q112 Q212 Q3121,2Q311 Q411 Q112 Q212 Q31200Q311 Q411 Q112 Q212 Q312USD Euro3* Brent/Ural FOB Mediterranean market. Eni calculations on Platt’s Oilgram data
  4. 4. Q3 consolidated resultsAdj. operating profitMillion €Adj. net profit*Million €4,3614,2671,723 1,777Q3 11 E&P G&P R&M Other Q3 12Q3 11 Op. ProfitadjInv/FinChargesTaxes Minor Q3 124* From continuing operations.Adj. net profit from discontinued operations: € 45m
  5. 5. E&P performancekboe/dOil & gas productionMillion €Adj. operating profit1,4731,6561,6785,0914,234 4,3313,9091,6834,2141,718Gas OilQ4 11 Q1 12 Q2 12 Q3 12Q3 11 Q4 11 Q1 12 Q2 12 Q3 12Q3 1152012 production restated for the new conversion rate of gas. Impact on Q312: 9 kboed.
  6. 6. G&P performance29.9BcmGas salesMillion €Adj. operating profit101919.6 18 824.718.817.3-402-196 -69-304ItalyInternational*Q4 11 Q1 12 Q2 12 Q3 12Q3 11 Q4 11 Q1 12 Q2 12 Q3 12Q3 11* Including associates and excluding e&p sales in Europe and in the Gulf of Mexico6
  7. 7. G&P: ebitda proforma adjusted*1,318Million €532592236307-88 162 -133-108Q3 12Q3 10 Q4 10 Q1 11 Q2 11 Q2 12Q3 11 Q4 11 Q1 12InternationalTransportMarketing* Ebitda pro forma includes pro-quota ebitda contribution from associates7
  8. 8. R&M performance%Process utilization indexMillion €Adj. operating profit25169837570264-14464-226-268268Q4 11 Q1 12 Q2 12 Q3 12Q3 11Q4 11 Q1 12 Q2 12 Q3 12Q3 118
  9. 9. other businesses: adjusted operating profitΔQ32012Q32011Million €20122011 Chemicals …(77) (173) Engineering & Construction +16%333 386 Other activities +21%(52) (41) Corporate +31%(94) (65)9
  10. 10. net debt evolution3.29.9Billion €1.626.9 1.9 2.019.60.9Jun-12 OperatingcashflowDividends Capex Disposals Snam Debt Others Sept-1210
  11. 11. Appendix30 October 2012eni.com
  12. 12. results of operationsmillion €million €Net sales from operations9M 12 Δ %9M 11Q3 12Q3 1131.49425.516 78.042 94.697Operating ProfitInventory holding (gains) lossesSpecial itemsReplacement Cost Operating Profit4.0724.2413.5814.17313.42812.451(491)(68)78094(977)543(0.3)2.913.38912.812(577)1 984Special itemsAdjusted ProfitNet financial income (expense)Net share of profit from associates (expense)4.3614.267 12.99478094(126)364(408)202(686)54385413.914.796(915)1.984833Profit before income taxesTaxationTax rateMinority interest4.5994.061 13.162(2.482)54%(340)(2.279)56.1%(59)(7.075)53.8%(724)11.814.714(8.426)57.3%(678)Net ProfitAdjusted Net ProfitSpecial itemsInventory holding (gains) losses2.4621.7751 7771 7235.5865 363(42)(10)(392)(293)431(654)10.34 66.1625 610(189)(363)2Adjusted Net Profit1.7771.723 5.363 4.65.610
  13. 13. G&P: adjusted operating profit by activitiesmillion €million €-55.1%(304)(196)-301 354105 50International Transport301 -354Q3 11 Q3 12Marketing3
  14. 14. unrealized profit in stocks (UPIS)million €million €Q3 12Q3 11E&P vs R&M (65)Q3 12219Q3 11E&P vs G&P (48)(17)E&C vs Eni GroupTotal UPIS(3)(116)(5)197Total UPIS (116)1974
  15. 15. eni share of profit from associatesQ32011 201291Equity method accounted for Gas transportation abroad EnBw (GVS)7019890( ) Union Fenosa Blue Stream Others211873662100273DividendsDisposalsO h 0043640OthersNet income from associates 20205
  16. 16. G&P share of profit from associatesmillion €million €9-26%726397536346Q3 11 Q3 12Marketing International Transport6
  17. 17. main operating dataQ3 121,7189M 111,5489M 121,686Δ %8.9 Hydrocarbon prod. (kboe/d)Q3 111,473150.56.0404.825.4444.324.69.8(3.0) Production sold* (mmboe) Natural gas sales in Italy**(bcm)130.06.310.710.539.028.938.232.5(2.2)12.3 Natural gas sales in Europe*** (bcm) Power production sold (TWh)9.29.66.41.018.63.718.03.0(3.0)(19) Refined product sales (mmtonnes) Petrochemical sales (mmtonnes)6.71.0* I l di E i’ h f d ti f j i t t t d f ith th it th d7* Including Eni’s share of production of joint venture accounted for with the equity method** Including self-consumption*** Consolidated sales
  18. 18. production growth by geographical areakboe/dkboe/d816.6%901353323261,7181,4733643879690121193 187367593Q3 11 Q3 12Q3 11 Q3 12Italy North AfricaSub-Saharan Africa KazakhstanAmerica RoW8
  19. 19. kboe/doil & gas productionkboe/d1 718 1 71816.6%1931871,718 1,7181,473 1,4738911,2801,531793680827Q3 11 Q3 12Abroad ItalyQ3 11 Q3 12Gas Liquids9
  20. 20. capexmillion €million €26%3,2241911922542292,568 433,22450472,7102,026191502,026Q3 11 Q3 12Q3 11 Q3 12E&P G&P R&M E&C Other10
  21. 21. eni consolidated results0 480.680 4939% 3%0.480.490.49EPSEuro per share*Q3 12AdjustedQ3 11AdjustedQ3 12Q3 1139% 23%0.961.190.991.38CFPSEuro per share*Q3 12AdjustedQ3 11AdjustedQ3 12Q3 11Euro per share*11* Average shares: Q3 11 3,622.7 million; Q3 12 3,622.8 millionNote: Cash Flow calculated as net profit+amortization & depreciation
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