2013 Fourth quarter and preliminary full year results

1. 2013 fourth quarter and preliminary
full year results
February 13th, 2014
eni.com

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
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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
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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
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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
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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
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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
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8. appendix
February 13th, 2014
eni.com

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
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10. g&p: adjusted operating profit by activities
mln €
n.s.
357
42
10

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
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12. production by geographical area
kboe/d
-9.7%
1,747
1,577
12

13. oil & gas production
kboe/d
-9.7%
1,747
1,747
1,577
1,577
13

14. capex
mln €
-3.2%
3,890
3,766
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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
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