Eni S p A : Presentazione - 2021 First Quarter Results
April 30, 2021 at 07:48 am EDT
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1Q 2021 Results
April 30, 2021
1Q 2021 MAIN RESULTS
NATURAL RESOURCES
OIL, GAS, LNG CCS/CCUS AND FORESTRY
PRODUCTION: 1.7 MBOED - IN LINE WITH YEARLY GUIDANCE
DISCOVERED RESOURCES: 120 MBOE FROM INFRASTRACTURE LED EXP MAINLY IN NORWAY AND ANGOLA
GAS & LNG: DAMIETTA RESTARTED, SYNERGIES WITH ZOHR
ENERGY EVOLUTION
TRADITIONAL TO BIO, BLUE, GREEN PRODUCTS
RETAIL G&P + RENEWABLES: ENTRANCE IN THE SPANISH RETAIL AND RENEWABLES MARKET; COMPLETION OF DOGGER BANK ACQUISITION
R&M: WEAK MARKET DUE TO LOCKDOWNS; GELA READY FOR 100% 2° GEN FEEDSTOCK; ENTERED THE BIO GAS MARKET
VERSALIS: BEST RESULT SINCE 2018
FINANCIALS
EBIT Adj: 1.3 BLN, FLAT VERSUS LAST YEAR
NET INCOME Adj: € 0.27 BLN, ~5 TIMES HIGHER YoY
ORGANIC FCF: ~€ 0.6 BLN
LEVERAGE: FLAT AT AROUND 0.3
FCF adjusted pre working capital at replacement cost
2
Leverage: before IFRS 16 lease liabilities
NATURAL RESOURCES
UPSTREAM | EBIT Adj € BLN
GGP | DAMIETTA LNG PLANT (EGYPT)
Production(Mboed)
1.79
1.70
Brent($/bbl)
50.3
60.9
FX
1.10
1.21
First Cargo: February 2021
YtD Cargoes: 9
Full Year 2021 Cargoes: ~40
2021 PRODUCTION
2021 GGP EBIT ALMOST @ BREAKEVEN
@ 1.7 MBOED
2021 GGP FCF @ € 0.2 BLN
3
FCF post working capital
MERAKES: STARTED UP
JANGKRIK FPU - INDONESIA
ENI WI: 65%
Hydrocarbon: Gas
Start up: April 2021
2021 Equity: ~ 30 kboed
2022 Equity: ~ 50 kboed
FAST AND LOW-COST TIE IN TO JANGKRIK HUB
4
ENERGY EVOLUTION
ENI GAS E LUCE, POWER & REN| EBITDA Adj €Bln
R&M AND CHEMICALS
Gela Biomass Treatment Unit launched: enabled
to receive up to 100% waste and residue feedstock
Versalis: positive EBIT capturing better scenario
RETAIL & RENEWABLE
DOWNSTREAM RESULTS IMPROVING
EXCELLENT PERFORMANCE
THROUGH THE REST OF THE YEAR
5
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Eni S.p.A. published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 11:47:03 UTC.
Eni S.p.A is a global energy company with high technological content, present along the entire value chain: from the exploration, development and extraction of oil and natural gas to the production of electricity from cogeneration and renewable energy sources, from traditional and bio-based refining and chemistry to the development of circular economy processes. Eni S.p.A extends its reach to end markets, selling gas, electricity and products to local markets as well as to private and professional customers, to whom it also offers energy efficiency and sustainable mobility services. Thanks to the consolidation of skills, technologies, geographical and source diversification, development alliances and innovative business and financial models, Eni S.p.A. continues to generate value, meeting the challenges of the energy trilemma.
ENI S.P.A 
