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1Q 2003 RESULTS – PKN Orlen SA

PKN Orlen SA · May 13, 2003 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 1Q 2003 RESULTS – PKN Orlen SA – slide 1
    1Q 2003 results May 2003 1
  2. 1Q 2003 RESULTS – PKN Orlen SA – slide 2
    Market environment favourable conditions in the oil market influenced ORLENs results Crude oil price, Brent (USD/bbl) 35,00 32,00 l Increase in crude demand in OECD 31.5 29,00 countries of 1.14 mb/d (y-o-y) + 49.3 % 26,00 21.1…
  3. 1Q 2003 RESULTS – PKN Orlen SA – slide 3
    Market environment potential for growth (q-o-q), but Polish conditions still unfavourable (y-o-y) Real GDP growth 3% l GDP growth at a low level, as for 2,1% converging economy, of 2.1% (y-o-y)* 2% Average of 2002 - 1.25% l…
  4. 1Q 2003 RESULTS – PKN Orlen SA – slide 4
    Financial highlights extraordinary performance in a mixed environment IFRS basis, million PLN 1Q 03 1Q 02 change l Increase in product prices and consolidation of German activities had Revenue 4,962 3,502 41.7% a significant impact on…
  5. 1Q 2003 RESULTS – PKN Orlen SA – slide 5
    Operating highlights - less crude oil processed due to lower market demand IFRS basis, million PLN 1Q 03 1Q 02 change l Significant increase in retail Retail sales of sales due to consolidation of 632 498 26.9% German activities and…
  6. 1Q 2003 RESULTS – PKN Orlen SA – slide 6
    Profit / Cash flow full utilisation of present market situation in Oil&Gas l Increase in distribution costs due to consolidation of PLN 26m costs in IFRS basis, million PLN 1Q 03 1Q 02 change Germany and an aggressive battle Revenue…
  7. 1Q 2003 RESULTS – PKN Orlen SA – slide 7
    Balance sheet influence of previously- announced strategic projects IFRS basis, million PLN 1Q 03 Y 02 change Non-current assets 10,607 9,814 8.1% l Influence of consolidation of Current assets of which 6,717 5,259 27.7% German…
  8. 1Q 2003 RESULTS – PKN Orlen SA – slide 8
    Optimisation of sales through CODO stations and authorised representatives of LHO Fuel sales structure 100% 24 20 20 18 l Increased share of company- 80% 40 37 owned stations in the distribution 21 structure in order to maximise 23…
  9. 1Q 2003 RESULTS – PKN Orlen SA – slide 9
    We utilized opportunity created by extremely good margins Refining and wholesale lA visible decrease in consumption of fuels and IFRS basis, mPLN 1Q03 1Q02 change aggressive pricing policy was Revenue 3,936 2,925 34.6% reflected in…
  10. 1Q 2003 RESULTS – PKN Orlen SA – slide 10
    Monthly average fuel sales (gasoline, diesel, LPG) per station 400 291,3 286,8 300 -1.6% 200 155,2 153,0 -1.4% 000 l 100 0 1Q02 1Q03 PKN ORLEN (CoDo in Poland) Foreign multinationals 10
  11. 1Q 2003 RESULTS – PKN Orlen SA – slide 11
    Aggressive battle for customers affected retail performance in 1Q03 Retail l Strong increase in volumes due to IFRS basis, mPLN 1Q03 1Q02 change consolidation of German sites Revenue 1,695 912 85.9% l Aggressive battle for clients…
  12. 1Q 2003 RESULTS – PKN Orlen SA – slide 12
    Another quarter of very good performance from the chemical segment Petrochemicals l In spite of the contraction in the IFRS basis, mPLN 1Q03 1Q02 change fuel market, pet-chems showed Revenue 1,257 924 36.0% further signs of health…
  13. 1Q 2003 RESULTS – PKN Orlen SA – slide 13
    Outlook for 2Q03 Retail expected flat volumes and significant increase in margins (diesel, LPG and non-fuel sales) Wholesale still visible contraction in sales (especially gasoline) Revamping of HOWK (Hydrocracker) to start in…
  14. 1Q 2003 RESULTS – PKN Orlen SA – slide 14
    Supplementary slides 14
  15. 1Q 2003 RESULTS – PKN Orlen SA – slide 15
    Germans are getting increasingly price sensitive, this supports a two-brand strategy In the German retail fuel market, petrol stations offer fuels of the highest quality. In case of high prices in the market, customers choose…
  16. 1Q 2003 RESULTS – PKN Orlen SA – slide 16
    Influence of ORLEN Deutschland and Poliolefiny Polska Sp. z o.o. on Balance Sheet and P&L 1Q2003 of which Balance sheets - selected items (PLNm) 1Q2003 Germany and 1Q2002 (*)Basell Property, plant and equipment 9 510 603 9 089…
  17. 1Q 2003 RESULTS – PKN Orlen SA – slide 17
    Thank You 17

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