CHAPTER 1 Cepsa at a glance

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1 The 2018 figures do not include the production of SARB and Umm LuLu as it is production prior to the reception of the facilities. 2 Includes taxes charged on sales.

1.2 CEPSA IN NUMBERS

FINANCIAL DATA BY BUSINESS

Results (Millions of euros) 2019 2018 2017

Revenue 1 21,158 22,079 18,212

Adjusted operating Profit (Losses) 2,058 1,762 1,874

Adjusted net attributable profit 610 754 884

Net attributable profit (IFRS)2 820 830 743

Financial data (Millions of euros) 2019 2018 2017

Share capital 268 268 268

Equity attributable to the Parent Company 5,201 5,436 4,916

Net financial debt 3 2,746 3,089 1,722

Investments during the year 4 924 2,255 888

Investment in social actions 4.9 5.2 4.5

Adjusted EBITDA (Millions of euros) 2019 2018 2017

Exploration & Production 963 649 497

Refining 433 578 874

Chemicals 246 243 239

Distribution & Marketing 463 344 314

Net turnover (Millions of euros) 2019 2018 2017

Exploration & Production1 1,249 922 589

Refining 4,978 5,517 4,051

Chemicals 2,407 2,647 2,458

Distribution & Marketing2 15,219 15,621 13,672

Investments (Millions of euros) 2019 2018 2017

Exploration & Production 212 1,659 170

Refining 469 392 302

Chemicals 109 80 116

Distribution & Marketing 107 101 284

Operational data 2019 2018 2017

Crude oil output (working interest) (thousand barrels/day) 92.6 83.4 92.1

Crude oil sales (millions of barrels) 20.8 14.2 13.5

Crude oil distilled (barrels/day) 431,191 440,703 423,906

Product sales (millions of tonnes) 32.1 31.4 28.9

Electricity output (GWh) 3,587 2,242 2,809

Natural gas sales (GWh) 33,176 30,003 27,972

1 Excluded Special Tax. 2 International Financial Reporting Standard. 3 Excludes the impact of IFRS 16 of 761 million euros. 4 It includes the investments made in Exploration and Production, Refining (Refining, G&P and Trading), Chemicals, Marketing and Distribution and Corporation.