Delivering Value From Our Assets
2023 GUIDANCE
PRODUCTION
DISCOVERED RESOURCES
GGP EBIT
PLENITUDE EBITDA¹
DOWNSTREAM EBIT¹
ENILIVE EBITDA¹
EBIT
CFFO²
DIVIDEND
BUYBACK
CAPEX
LEVERAGE
1.64-1.66 MBOED
> 700 MBOE
↑ target will be exceeded
EXCELLENT CASH CONVERSION
€ 2.7-3.0 BLN
~ € 0.9 BLN
↑
SHARE BUYBACK ACCELERATED
DURING QUARTER
~ € 1 BLN
↑
~ € 1 BLN
↑
~ € 14 BLN
€ 2.6 bln outperformance
SECOND INTERIM QUARTER 2023
DIVIDEND TO BE PAID IN
NOVEMBER
~ € 16.5 BLN
t
€ 0.94/SHARE
€ 2.2 BLN
accelerating pace in '23
BALANCE SHEET REMAINS SOLID
WITH LEVERAGE UNCHANGED AT
15%
~ € 9.0 BLN
below original guidance
10%-20%
confirming robust FCF
1 Plenitude and Enilive: EBITDA is pro-forma; Downstream: EBIT is pro-forma.
2 Cash Flows are adjusted pre working capital at replacement cost and exclude effects of derivatives.
Updated 2023 Scenario is: Brent 84 $/bbl (from 80 $/bbl); SERM 10.4 $/bbl (from 8 $/bbl); PSV 474 €/kmc (from 484 €/kmc); average EUR/USD exchange rate of 1.08 (unchanged)
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