eni.com FACT SHEET FTMIB: ENI US ADR: E WHO WE ARE Eni is one of the largest integrated energy companies in the world, operating in the sectors of oil and gas exploration & production, international gas transportation and marketing, - 30 % Italian Gov 70 % Market Major equity holdings 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 invest in technological innovation and energy efficiency, mitigating the risks of climate change. Exploration & Production Snam Galp 8% 8% Gas & Power & Construction 43 % Engineering (Saipem) 100 % Chemicals (Versalis) INVESTMENT CASE 1) Unbeatable exploration success Between 2008 and 2014, Eni has discovered more than 10 billion boe, equivalent to 2.5 times its production over the same period. In the next four years 2015-18 Eni’s target is to discover 2 billion boe at a unit cost of 2.6 $. 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. 2) Production growth resulting in strong cash generation The new project portfolio has a breakeven of 45 $/boe. 3) G&P: Eni holds a leading position in the European gas sector and it has begun a transformation process of its activities, with supply contract renegotiations, transport capacity reductions and a focus on high value segments (LNG, trading and retail). These actions brought the G&P sector to breakeven already in 2014. optimization will contribute to bringing the R&M sector to adj ebit breakeven in 2015. Chemicals: Versalis will reach breakeven in 2016 thanks to “green” chemical plants reconversions and the expansion of its international foot print with joint ventures in Asia. 4) In 2012-14, Eni has completed divestments totalling 17 billion euro. 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 4-year-plan, Eni will complete 8 billion euro in divestments with the sale of the residual shares in Snam and Galp, divestment of certain assets in the mid/downstream, as well as the dilution programme already underway. 5) Progessive dividends and buyback In 2015 a dividend of € 0.8 (yield >5%) will be proposed. Eni’s distribution policy will remain progressive. 6) Leader in sustainability Eni is a leader in the FTSE4Good and Dow Jones sustainability indices. SHARE PERFORMANCE 2014 (%) DIVIDEND (€/SHARE) AND DIVIDEND YIELD (%) € 1.2 8% 120% 7% € 1.0 6% € 0.8 110% 5% 100% € 0.6 4% 3% € 0.4 90% 2% € 0.2 1% € 0.0 80% 0% 2009 2010 Dividend paid 2011 2012 Dividend proposed 2013 2014 2015 Dividend yield FTSEMIB Eni Peer Group (1) 70% Dec-13 Jun-14 Dec-14 (1) Peer Group: BP, Chevron, Repsol, Exxon, Shell, Total Last update March 2015 pag. 1 eni.com FACT SHEET FTMIB: ENI US ADR: E EXPLORATION AND PRODUCTION Long term production growth 2014-18 CAGR(*) 3.5% E&P is our main business. It is currently present in 42 countries and is kboed organic production growth, leveraging on a high-quality portfolio of assets and long-standing relationships with host countries. Jangkrik Bahr Essalam Ph2 Val d’Agri CAFC Oil Goliat Mafumeira Sul 15/06 East Hub Perla Heidelberg OCTP Oil OCTP Gas Hadrian South Kashagan EP Nenè ph2 Argo Cluster Intisar gas and project synergies. +5% 2014 HIGHLIGHTS 1.598 2014 2015 2016 2017 1.6 Mboe/d of production 6.6 mmboe proved reserves with a life index of 11.3 y 112% organic reserve replacement ratio € 11.5 B € 10.5 B capex 2018 start up/ramp up >650 kboed in 2018 19 bn € cumulative CFFO 2014-2018 Strategic Plan (*) Compound Annual Growth Rate GAS & POWER REFINING & MARKETING 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. 2014 HIGHLIGHTS other oil products primarily in Italy. Our R&M division is relatively small compared to the R&M segment of € 0.31 B € 0.17 B capex 89 bcm gas sold worldwide 33 Twh electricity sold ENI IN NUMBERS Production of oil and natural gas (kboe/d) Capital expenditure (€ million) Net debt (€ million) 2010 in Italy and the leading operator in retail marketing of fuels with a market share of around 25,5%. Eni’s strategy in R&M is to cut capacity and costs and enhance mar- 2011 2012 (1) 2014 HIGHLIGHTS € -0.21 B € 0.53 B capex 25 Mtonnes throughput 2013 2014 1,815 1,581 1,701 1,619 1,598 17,304 17,974 19,010 12,650 11,572 6,869 6,969 7,130 4,430 3,707 13,870 13,438 12,761 12,800 12,240 14,694 14,382 12,356 11,026 15,089 26,119 28,032 15,511 15,837 13,709 0,47 0,46 0,25 0,25 0,22 Leverage LATEST ANNOUNCEMENTS AND ACCOMPLISHMENTS • • • • • • • • 13 19 05 30 30 March January January October October 2015 - Eni 2015-2018 Strategic Plan – Transforming Eni to Create Value 2015 - Eni obtained a 3-year extension on the exploration period of Block 15/06 in Angola 2014 - Eni: third quarter and nine months of 2014 results 2014 - Eni signs a cooperation agreement with Kogas on upstream and LNG activities • • 25 September CONTACTS 2014 - Eni continues its share buyback programme 2014 - Eni has been awarded 3 new exploration licenses in Egypt 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: [email protected] Website: www.eni.com Last update March 2015 pag. 2
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