Financial and Operational Highlights

1. Q1 2015 results
April 29th 2015April 29th 2015
www.eni.com

2. highlights
production +7.2%; +3.7% net of PSA and portfolio
mid-downstream ebit adj > €0.4 bln
CFFO €2.3 bln
l fl t t 22%
capex in line with guidance
leverage flat at 22%
strong performance in a weak scenario
2

3. consolidated results
adj. net profit | mln €adj. operating profit | mln €
3,491 1,191
1,567
648
e&p g&p
r&m
and
chemicals
e&c
and
other
Q1 14 Q1 15Q1 14 Q1 15
ebit positive in all segments
3

4. e&p performance
oil & gas production | kboe/d adj. operating profit | million €
1,648
1,583 1,584 1,576
1,697
3,088
2,981
3,450
2 0322,032
955
5 main start ups delivered
4

5. g&p performance
adj. operating profit | million €TTF | €/MWh
242
294
14 -180
92
Q1 14 Q2 14 Q3 14 Q4 14 Q1 15
underlying business adj ebit positive
5

6. r&m and chemicals performance
145
Standard Eni Refining Margin | $/bbl adj. operating profit | million €
145
313 256 12
121
chemicals
r&m
29
92
-313 -256 12
Q1 14 Q2 14 Q3 14 Q4 14 Q1 15
refining ebit adj positive
6

7. net debt evolution
billion €
15 10 7
others
13.7
15.1
+3,0-2,3
-0,5
others
+0,7
+0,5
FX
difference
operating
cash flow divestments
capex
December
2014
March
2015
leverage flat
7Leverage = Net debt / Shareholders’ Equity