2013 Fourth quarter and preliminary full year results

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2013 Fourth quarter and preliminary full year results

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2013 Fourth quarter and preliminary full year results

  1. 1. 2013 fourth quarter and preliminary full year results February 13th, 2014 eni.com
  2. 2. market environment Brent $/bbl european ref. margin €/bbl $/bbl €/$ exchange rate €/bbl * Brent/Ural FOB Mediterranean market. Eni calculations on Platt’s Oilgram data 2
  3. 3. Q4 and full year consolidated results adj. operating profit * mln € adj. net profit * mln € FY 2013 FY 2013 12,620 -34% vs 2012 4,433 -35% vs 2012 4,970 1,518 3,521 1,301 * figures exclude Snam contribution 3
  4. 4. e&p performance oil & gas production adj. operating profit mln € kboe/d 1,747 1,600 1,648 1,653 4,867 1,577 3,999 3,917 3,409 3,321 4
  5. 5. g&p performance gas sales adj. operating profit bcm mln € 29.5 357 24.9 24.4 18.4 17.8 42 -227 -356 -436 * including associates and excluding e&p sales in Europe and in the Gulf of Mexico 5
  6. 6. r&m performance adj. operating profit sales mln tonnes 5.8 mln 5.2 5.8 6.0 5.7 € -7 -61 -95 -152 -174 6
  7. 7. other businesses: adjusted operating profit mln € Q4 2012 Q4 2013 Δ% (116) (130) -12.1 320 154 -51.9 (80) (51) +36.3 (82) (81) +1.2 7
  8. 8. appendix February 13th, 2014 eni.com
  9. 9. results of operations Q4 12 Q4 13 32,523 26,323 1,650 306 560 385 2,210 691 Replacement Cost Operating Profit 2,760 2,830 Special items 4,970 3,521 (202) 82 mln € FY 12 Net sales from operations Operating Profit Exclusion of inventory holding (gains) losses FY 13 127,220 115,022 15,071 (17) 8,902 Δ% (40.9) 716 15,054 9,618 4,744 3,002 Adjusted Operating Profit 19,798 12,620 (215) 127 Net financial income (expense) Net share of profit from associates (expense) (1,145) 915 (801) 816 4,850 3,433 Adj. Profit before income taxes 19,568 12,635 (3,267) (2,078) Taxation (11,694) (8,398) 67.4% 60.5% Tax rate 59.8% (65) (54) 1,518 1,301 (3,142) (340) (1,677) (235) Inventory holding gains (losses) (1,964) (611) Reported Net Profit to eni’s shareholders (36.1) Minority interest (36.3) (35.4) 66.5% (744) 196 Adjusted Net Profit to eni’s shareholders 7,130 4,433 Special items (2,953) 1,207 23 (444) 4,200 5,196 (37.8) 23.7 Data based on continuing operations 9
  10. 10. g&p: adjusted operating profit by activities mln € n.s. 357 42 10
  11. 11. main operating data Q4 12 1,747 1,577 154.4 137.4 FY 13 FY 13 Δ% hydrocarbon production (kboe/d) 1,701 1,619 (4.8) production sold* (mln boe) 598.7 555.3 (7.2) Q4 13 natural gas sales: 10.15 10.70 in Italy** (bcm) 34.78 35.86 3.1 14.21 14.17 international*** (bcm) 57.81 54.70 (5.4) 10.13 8.75 electricity sales (TWh) 42.58 35.05 5.83 5.72 refined product sales (mln tonnes) 23.87 22.72 1,492 1,367 chemical production (ktonnes) 6,090 5,817 (17.7) (4.8) (4.5) * Including Eni’s share of production of joint ventures accounted for with the equity method ** Including self-consumption *** Consolidated sales; excludes E&P sales in Europe and in the Gulf of Mexico 11
  12. 12. production by geographical area kboe/d -9.7% 1,747 1,577 12
  13. 13. oil & gas production kboe/d -9.7% 1,747 1,747 1,577 1,577 13
  14. 14. capex mln € -3.2% 3,890 3,766 14
  15. 15. eni consolidated results +69% -14% 0.42 EPS Euro per share* Q4 12 0.36 Q4 13 0.17 Q4 12 adjusted Q4 13 adjusted 0.54 24% 0.92 CFPS Euro per share* Q4 12 -5% 1.14 Q4 13 1.09 Q4 12 adjusted 1.04 Q4 13 adjusted * Continuing operations. Average shares: Q4 12 3,622.8 million; Q4 13 3,622.8 million Note: Cash Flow calculated as net profit + depreciation, depletion and amortization 15

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