2. 2
DISCLAIMER
This document contains certain forward-looking information that is subject
to a number of factors that may influence the accuracy of the statements
and the projections upon which the statements are based.
There can be non assurance that the projections or forecasts will ultimately
prove to be accurate; accordingly, the Company makes no representation or
warranty as to the accuracy of such information or the likelihood that the
Company will perform as projected.
3. 3
AGENDA
2Q 2014 Highlights
✓ Key Figures
✓ Recent Developments in 2Q 2014
Results Review
✓ Business Environment
✓ 2Q 2014 Group EBITDA
✓ Results by Segments
Key Financials
✓ Profit & Loss
✓ Investments
✓ Cash Flow Statement
2014 Guidance and Conclusions
Appendix
5. 5
RECENT DEVELOPMENTS
✓Acquisition of a wind farm project in Poland (42MW) which will enter into operation by 1H 2015
✓Finalisation of 3 project financing for a total of €167mn for Gebeleisis andTopolog wind farms
in Romania and Palazzo San Gervasio wind farm in Italy
✓Completion of ISAB Energy transaction:
- Antitrust Authority approval
- GSE’s acceptance of CIP6 early termination from July, 1
- Acquistion of 49% minority in ISAB Energy from GDF-SUEZ on June, 16
- Sale of IGCC production plant to LUKOIL on June, 30
- Overall estimated net cash-in of about €300mn (positive impact on 2H14)
Highlights
17. 17
300
1H 2014
2014 GUIDANCE AND CONCLUSIONS
2014 FCST
37
LIQUIDITY PF OTHER AT MLT
1,234
RENEWABLES CORPORATEIDPOWER
1H 2014
2014 FCST
1H 2014
2014 FCST
EBITDA:
CAPEX:
NFP:
✓P&G EBITDA decrease from July 1, 2014 after CIP6 early
termination and sale of ISAB Energy plant
✓Like-for-like growth driven by Renewables and exit from
Coastal Refining
✓CAPEX consistent with 2013-2015 Business Plan
✓New Business Plan under definition
✓Guidance updated to include Poland wind farm investment
✓Positive effect on NFP in 2H from ISAB Energy transaction
2014: a year of further transformation
≈470
≈110
≈800
27. 27
1H 2014 1H 2013 Euro millions 2Q 2014 2Q 2013
13 75 Renewables 4 64
7 10 Power 4 6
16 17 Integrated Downstream(3) 10 11
1 1 Corporate 0 0
37 102 Adjusted Total 19 82
INVESTMENTS
(1) It includes investment for the acquisition of Gebeleisis (ca. €55mn)
(2) It includes ERG quota of investments made by LUKERG Renew
(3) It includes ERG quota of investments made byTOTALERG
(1) (2)
Appendix
(1)