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