EFTA01380764.pdf

7 October 2015 Corporate Credit.Energy Petroleo Brasileiro SA. [Figure 14: Petrobras 2O15 summary financials (BRUT) • e ro eo raSi eiro • YT' 013 20 4 LTV. 1000Nara CANA 04,777.0 *DSO YOKO 71004 7.441 5541500.0 337,200.0 327,7130 COGS 663.450 01 0,1.`.006 0202601 01.9433.0 64091 CO 4.4 4 73 OM*Prot 11.111.0 20.410 23.013.0 2%410.0 14.I% 21101 71,164.0 00,137.0 %MAO Ow: Ain% .r 231% 25944 X 1 0.6 036 O00 233% .23.5% 2:6% 000 etcorsioopente (4.1050 0 976 01 %LSI 01 1495101 16.163 CO 100% 1311 (17.000 11521101 09.65401 SGLA 6.362 01 0.4001 I7.12346 043401 16.660 CO 97075 24.3* (213620) 07.1070 47.644.0 MT 4.&690 67 WI 0; az:1-,03 0.1350 9.30 0 01310 7711 343640 QC:779 Ot !! 430 01 8110.4 145500 ;IWO MAMA 31.051.0 1%515.0 41.1% 49,4210 9.15060 140090 0(470!.5409, L-4/. -2706 2946 7.7.214 626 TA :net, 0105001ENTOA 14230 11500.0 MORO 31,5100 05775.0 an 21.7% 01.007.0 501410 4414,0 Recant.: 54%.:04 4%qt,, 79/% 9t% :7 c;%. ;%94 24,7% 42200 4091 $c '% Oanp In WC 073.0 0.1141.0 earn 2.400,0 1,4400 4100 70.4% 112.0 0.354.0 140200 04/ 0,5 %Mt WA 7,5560 MAW.% 40540 ISO 0.325.0 NM MM 0.9375I 4.8150 WM% Seed Oa 0, 055 %MS So 1;9200 124329.01 14,52,0 210140 4.911 I0.3% 05704.0 4013.0 27,352.0 No Iron% pold Data DAIL% Arne% Val.% 0.01.501 an 47.4% 00.13001 00051.01 07400.) 0 5 14I 0, t.,, 1700, .1.1176. 0 (17.7a.0! 01.1536 404 04* 004.416 ti 69.10901 Susbons 1100 IS Co 119401 10.0 109 0 •ne% -0 9* 0)70 45004 010 Cash 30100 ped 0.)31.6 1110 140 • IN 161 6.7766 0.735.6 67014 Fs Coshflowl5C4 w 00 to HWAI 44.56101 0000 (71 F3409301 1676601 77160 .932* 90311 010762.01 X641201 04440.01 Pon ash FbwEA 08.279.0 (I 4.503 0 13;601.01 P.617.6 15.0.6 00 370% 00 014101 0 P9 in 01 4'0787.01 Hearse Mint 505 01 23.992.0 11331.0 43604.0 149100 .4.9% NM 71,5060 *3.2150 10 93x0 Not ash prormbe (15 714 0) 9 03 0 113.27001 41 757 0 12540 -774* NU arz 0 4.0370 47.0500 IIII I IIIIfll S-7 004 23,5)50 212430 33050 39721 0 44.000 04* IR I • 137020 315650 440550 t•T Debt 284.177 0 303.461.0 3114700 30080 370900 244 X.6* 249 COB 0 3 13470 0 370891.0 TaalDebt 307,7120 331,7040 351,036.0 430,530.0 41%550.0 tie SA% 257,010 MAIO 411640.0 CS oaf CS ecsolems 65.1x, 0 496240 442390 3445710 531660 i 96 4lb 'So 6 \ 97 172 0 ,14 219 0 81.1660 IS Debt 2055720 2a000.0 MUM also 3343/0.0 are 3004 2346150 3057,550 =al° 0430101C.10101 601. .677 016.t. 6.6.07 0 70 259 0 01900 63 192 0 91600 044 tap* 452570 63946 0 13600 NODS 241 351,46.0 202.050.0 177407.0 223.1113.0 an WS 335.0010 323.1/13.0 otos Ccor 399. 05 -S77. 440, 206. .1624 1129 4 5S• 001. 097. 93000C4co0Nesi OCC. 9165. 445. 050• 021, 6L 7 0 a -330. -391. 265. 6.10.01/7010071 70% 65% 90% 99% 0 7% 912 3790 70% 90% 107% CathST Dat4 213. 2.49. 2.10a 172. 2 054 336 MO 226x 210 205. 1170140.0.011,* 00 46e. 1921. -3 7%, 456. 561. wz k 166 425x 3547. 21M5. 10.41.14STIA RaP914.1 691TD4 60 519. 0073 594. 604. 556. 01 750 435. 5941 515. A000 Hot .:17000104 14 3043 3090 3.00(4 3 50. • 37. 610 730 303• 2850 *704. 014.040.144 <14006B11341.1 304 3390 3.00. 3 DO. 137. 5)0 710 363• 283,0‘ 1704. 004/1.7MMICA 01 422. 699. 31.00. 2110. 1759. -305 11372 367. 31 CO. 1750. A4440611144 SSW EBITDA fd 44e. 546. 2850. 1950. 1706. ss 7 724.30 363. 2050. 1704. 4.4.0447444 0041.0.4 Fitcorto1 W00454 407. 419. 411. 5.01. 464. .376 554 362. 43). 4.64. IPA OCF/1041001 I7 5% 153% 30% 54% 55% 116 .ilot• 233% 35% SS% Woda0C001106.060164.01 36 30 28 32 32 0 4 33 27 12 CAPEK OW %suet '3 3% 22976 18615 no% 216% -7322 1562 312% 216% 21.1% SS 41% WV Bonds ' "OD) 7 fee% 01proted C40 00 Ca0 4.0000es 01.6M 0 3 P3% Test 0A310 Total O. 4155450 IRIS S.-T Net 44 666 0 040.10100010 AMMO Cop %%not 77Z 769 0 102016 1444074 Cap A 0 oar* 5 114.0%6: Ss -4 110 ESA 3233130 71764.6 ISS1100010 ---- - 37.533 95371 64154 22.333 041.71.460704 6204 45% E 00 2016 100 200 2019 20204 •mrjst #1mother.. 444 3.07174.4 w, w'. wY,mOst. 01 .9041,s to!a:1. Scums Danes Sara Page 12 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0079294 CONFIDENTIAL SDNY_GM_00225478 EFTA01380764