November 11, 2021
3Q21 Results Presentation
Disclaimer
This document contains certain statements and information relating to the Company that reflect current vision and/or expectation of the Company and its management concerning its activities Certain statements and information are based on estimates, projections, they indicate or imply results, performance or future achievements, and may contain words, such
as "believe", "estimate", "expect", "envisage", "probably will result" or other similar words
or expressions. These statements are subject to various risks, uncertainties and assumptions.
We warn that several relevant factors may cause actual results to significantly differ from plans, objectives, expectations, estimates and intentions expressed herein, so that we cannot guarantee that projections or conclusions mentioned herein will occur and/or be materialized. Under no circumstances shall the Company or its board members, officers, representatives or employees be liable towards any third party (including investors) for decision or acts of investment or business made based on information and statements contained herein, nor for indirect damages, loss of profit or similar event.
The Company does not intend to provide shareholders with a review of statements or analysis of differences between statements and actual results. We advise investors to analyze in detail Enauta's offering memorandum, including the risk factors identified therein. This presentation does not contain all the information required for a complete evaluation of investments in the Company. Each investor should make their own evaluation, including related risks, in their investment-related decision.
Robust operational and financial performance at the start of 2H21
Effective
ESG performance
Variable Compensation Plan
for Mgmt includes ESG targets ESG
People and Human Rights Policy
Bolstering Corporate
Governance with
convening of Audit
Committee
OSX-2:project tailored for lower
carbon emissions
Production and asset
gains
Total production of
1.99 million boe in the quarter: milestone of +19 million barrels produced in Atlanta in October
SD: MoU with Yinson for negotiation of FPSO contracts
4Q21: drilling expected to start in the exploration well in SEAL
Capacity to
deliver growth
Liquidity reinforced by a solid
cash position of R$ 2.4 billion
Recognition of all of Atlanta's results
Net income of R$ 134 million
Active portfolio
management
Proactive analysis of acquisition opportunities
Higher oil prices
Pursuit of operational efficiency gains
ENAUTA 3Q21 EARNINGS PRESENTATION | 3 |
Historic high in Brent prices and foreign exchange rates drive 3Q21 results and optimism moving forward
Sales Average Brent vs. Discount
Average Exchange Rate
Brent USD/Barrel
USD 4.5/bbl
44
77
USD 0.9/bbl
5.38 | 5.40 | 5.47 |
5.29 | 5.23 |
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | ||
Varation in relation to Brent | Brent | |||||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 |
Booming commodity prices and higher exchange rates generated record revenue for Enauta in 3Q21
ENAUTA 3Q21 EARNINGS PRESENTATION | 4 |
Atlanta: 3Q21 includes all of the asset's results
Strong growth in revenue due to booming commodity prices and higher Brent prices
kboe/d
Atlanta Production (Net Enauta)
+87.1%
13.1 | ||||
7.0 | 3.5 | 7.3 | ||
2.2 | ||||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 |
R$ million
Atlanta Revenue (Net Enauta)
+234.1%
472.7 | ||||
141.5 | 216.7 | |||
76.8 | 56.7 | |||
3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 |
Enauta's larger interest in the Atlanta Field in 3Q21 triggered an increase of nearly 90% in production in the annual comparison
ENAUTA 3Q21 EARNINGS PRESENTATION | 5 |
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Enauta Participações SA published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 13:36:04 UTC.