Key performance indicators

Results (Millions of euros) 2015 2014 2013 Revenue (excluding excise taxes) 17,452 23,903 25,244

Adjusted operating income 771 649 691

Adjusted net attributable profit 596 459 371

Net attributable profit (IFRS*) -1,040 -350 534

*International Financial Reporting Standards.

Financial data (Millions of euros) 2015 2014 2013 Share capital 268 268 268

Equity attributable to the parent company 4,306 5,637 6,357

Net borrowings 2,923 3,066 826

Investments during the year 1,052 3,206 926

Investment in corporate responsibility initiatives 5.2 5.8 3.9

Dividends approved by Cepsa 327 302 361

Operational data 2015 2014 2013 Crude oil output (working interest) (barrels/day) 108,122 106,901 87,878

Crude oil sales (barrels/day) 48,362 41,425 25,518

Crude oil distilled (barrels/day) 433,699 429,589 454,246

Product sales (Millions of tonnes) 27.4 27.7 28.3

Electrical power production (GWh) 2,040.3 2,100 2,299

Natural gas sales (GWh) 30,083 27,753 29,833

Markets and business data ( /$ exchange rate) 2015 2014 2013 Brent crude oil price ($/barrel) 52.5 99 108.7

Cracking refining margin ($/barrel) 7.7 4.5 3.94

Hydroskimming refining margin ($/barrel) 0.9 -3.4 -3.90

Electricity pool price ( /MWh) 50.3 41.3 43.7

Natural gas price (Henry Hub Spot /MWh) 8.02 11.2 16.9

$/ exchange rate 1.110 1.329 1.328

3-month Euribor (%) -0.02 0.21 0.22

CPI (%) 0.0 -1.0 0.3