Fact Sheet (August 2014)

1. FACT SHEET
(1) calculated on Eni avg share price in Dec 2013
(2) Peer Group: BP, Chevron, Conoco, Exxon, Shell, Total
WHO WE ARE
INVESTMENT CASE
Dividend (€/share) and Dividend Yield(1)
(%) Share Performance H1 2014(€)
Last update August 2014 pag. 1
Exploration & Production Gas & Power
Italian Gov30 % Market70 %
Engineering & Construction
(Saipem)
43 % Chemicals (Versalis)100 %
Major equity
holdings
Snam 8 %
Galp 8 %
Eni is one of the largest integrated energy com-
panies in the world, operating in the sectors of
oil and gas exploration & production, international gas
transportation and marketing, power generation, re-
fining and marketing, chemicals and oilfield services.
Eni is active in 85 countries with 82,300
employees.
Our commitment to sustainable development means
that we grow and retain our people, contribute to
the development and wellbeing of the communities in
which we operate, protect the environment, and in-
vest in technological innovation and energy efficiency,
mitigating the risks of climate change.
eni.com
FTMIB: ENI US ADR: E
Unbeatable exploration success
Between 2008 and 2013, Eni has discovered over 9.5 billion boe, equivalent to 2.5 times its production over the same period. The average explo-
ration cost was 1.2$/boe. In the next four years, Eni’s target is to discover an additional 3.2 billion boe at a unit cost of 2.2 dollars. In the first half
of 2014, Eni discovered more than 400 million boe. These discoveries will fuel future growth and accelerate cash generation through the dilution
of shares in the discoveries in which Eni holds a large working interest.
Production growth resulting in strong cash generation
The E&P portfolio is mainly composed of conventional assets with low costs and high profitability. Cash flow per barrel was 30 dollars in 2013
and will rise in the coming years thanks to the growing contribution of oil vs gas in our production mix (from 52% in 2013 to 57% in 2017). Eni
is targeting a 3% CAGR in the 2014-17 period. Over the plan period, 26 start-ups will contribute over 500 kboe per day, with an additional 200
kboe per day will come from ramp-ups currently underway. The portfolio of new projects has a breakeven of 45 $/bbl, and an average IRR of over
20% at 90 $/boe.
Return to profitability of the G&P, R&M and Chemicals businesses
Eni holds a leading position in the European gas sector, where it sells over 80 billion cubic metres a year, and it has begun a transformation
process of its midstream activities, with supply contract renegotiations, transport capacity reductions and a focus on high value segments (LNG,
trading and retail). These actions will bring the G&P sector to breakeven already in 2014. Capacity cuts are ongoing also in the refining business,
with a target of a more than 50% reduction in capacity compared to 2012. This optimization will contribute to bringing the R&M sector to break-
even by end of 2015, even in the current weak scenario. Versalis is reconverting the Porto Torres and Porto Marghera sites into “green” chemical
plants and is expanding its international footprint with joint ventures in Asia.
Portofolio flexibility and additional cash generation
In 2012-13, Eni has completed divestments totaling 13 billion euro and has deconsolidated over 12 billion euro related to Snam’s debt. The sales
did not meaningfully impact long term production prospects and helped reduce exposure to exploration assets or non-core holdings. Over the
course of the plan, Eni will complete 11 billion euro in divestments (more than 3 billion of which already achieved in the first half of 2014), with
the sale of the residual shares in Snam and Galp, divestment of certain assets in the mid/downstream, as well as the dilution of large stakes
in exploration successes. In addition, Eni’s results will benefit from over 1.7 billion euro related to the incisive cost saving program recently
launched. In 2014-2015, operating cash flow generation will increase by more than 40% versus 2013 and free cash flow generation, also thanks
to a policy of flat capex, by 20%.
Progessive dividends and buyback
Eni has a generous distribution policy. For 2014, a dividend of 1.12 euro per share (6.1% expected yield) will be proposed, representing an almost
2% increase versus the previous year. In addition, Eni has launched a buy back program: a flexible tool that will support the remuneration policy
over the coming years, with the target or repurchasing up to 10% of outstanding shares.
Leader in sustainability
Eni is a leader in the FTSE4Good and Dow Jones sustainability indices.
Dividend Dividend Yeld
Proposed
0.0
1%
0%
0.2
2%
0.4
3%
0.6
4%
0.8
5%
1.0
6%
1.2 7%
1.4 8%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Dec-13 Mar-14
Peer group(2) FTMIBENI
Jun-14

2. ENI IN NUMBERS
Production of oil and natural gas (kboe/d)
Eni adj. operating profit (€ million)
Eni adj. net profit (€ million)
Capital expenditure (€ million)
Net cash flow from operations ( € million)
Net debt (€ million)
Leverage
1,815
17,304
6,869
13,870
14,694
26,119
0.47
1,581
17,974
6,969
13,438
14,382
28,032
0.46
1,701
19,010
7,130
12,761
12,356
15,511
0.25
Eni spa Investor Relations - Piazza Vanoni, 1 - 20097 San Donato Milanese (MI) Italy
Telephone: +39 02 52 05 16 51 Fax: +39 02 52 03 19 29 Email: investor.relations@eni.com Website: www.eni.com
Latest announcements and accomplishments
CONTACTS
G&P is engaged in all phases of the
gas value chain: supply, trading and
marketing of gas and electricity, gas
infrastructures, and LNG supply and
marketing. Eni sells more than 60%
of its gas outside Italy and its
leading position in the European gas
market is supported by competitive
advantages, including its multicountry
approach, long-term gas availability,
access to infrastructure, market
knowledge, wide product range and
strong customer base.
R&M refines and markets fuels and
other oil products primarily in Italy
and Central-Eastern European countries.
Our R&M division is relatively small
compared to the R&M segment of
our peers. Eni is the largest refiner
in Italy and the leading operator in
retail marketing of fuels with a market
share of around 30%.
Eni’s strategy in R&M is to cut costs
and enhance margins to return to
profitability.
E&P is our main division. It is currently present in 42 coun-
tries and is focused on finding and producing oil and gas.
Eni’s strategy is to deliver organic production growth with
increasing returns over the medium to long term, leveraging
on a high-quality portfolio of assets, exposure to competi-
tive giant projects and long-standing relationships with host
countries. Our strategy combines geographical diversifica-
tion with scale benefits and project synergies. More than 75%
of our production will come from either onshore or shallow
water, with a positive impact in terms of risks and operat-
ing costs.
Main projects start up
€ -0.66 B adj operating profit
€ 0.23 B capex
93 bcm gas sold worldwide
35 Twh electricity sold
10 million customers in
Europe, of which 8 in Italy
€ -0.48 B adj operating profit
€ 0.62 B capex
787 kbbl/d capacity
27.4 Mtonnes throughput
6,400 fuel stations
1.62 Mboe/d of production
6.5 mmboe proved reserves with a life index of 11.1 y
105% organic reserve replacement ratio
€ 14.6 B adj operating profit
€ 10.5 B capex
2010 2011 2012 (1)
2013 H1 2014
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FTMIB: ENI US ADR: E
2013 HIGHLIGHTS 2013 HIGHLIGHTS
2013 HIGHLIGHTS
Exploration and Production
GAS & POWER Refining & Marketing
(1) Following the announcement of Snam divestment, figures are represented as continuing operations
FACT SHEET
Last update August 2014 pag. 2
2014 - Eni strengthens its strategic objectives
2014 - Eni: second quarter and first half of 2014 results
2014 - Eni: Report on the purchase of treasury shares
2014 - Eni completes the sale of 1% of Galp’s share capital
2014 - Eni signs a strategic agreement with KazMunayGas
2014 - Eni Shareholders approve 2013 Financial Statements and appoints the Company Officers at Annual Meeting
2014 - Eni signs agreements for the sale of Refining & Marketing activities in the Czech Republic, Slovakia and Romania to MOL Group
2014 - Eni makes a new offshore oil and gas discovery in the Norwegian Barents Sea
2014 - Eni: first quarter results of 2014
2014 - Eni signs final agreement with Statoil on revision of terms in long-term gas supply contracts
• 31 July
• 31 July
• 30 July
• 23 June
• 12 June
• 08 May
• 07 May
• 02 May
• 29 April
• 31 March
1,583
6,219
2,055
5,524
5,740
14,601
0.24
2014-2015 2016-2017
Mafumeira Sul
15/06 West Hub
Kizomba Sat. Ph.2
Litchendjili gas
CAFC oil
Asgard Mikkel
Eldfisk II Ph.1
West Franklin Ph. 2
Goliat
Perla EP
Junin 5 EP
Perla FF
Hadrian South
Longhorn Ph.3
Lucius
Heidelberg
Jangkrik
Wafa
compression
Bonaccia NW
15/06 East Hub
1,619
12,620
4,433
12,750
10,969
15,428
0.25