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STRATEGY 2007 2012 – PKN Orlen SA

PKN Orlen SA · Nov 21, 2007 · 30 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. STRATEGY 2007 2012 – PKN Orlen SA – slide 1
    PKN ORLEN Strategy 2007 2012 Aiming to become the regional leader Piotr Kownacki, CEO Waldemar Maj, CFO November 21st, 2007
  2. STRATEGY 2007 2012 – PKN Orlen SA – slide 2
    Agenda Rationale for the PKN ORLEN strategy update PKN ORLEN 2007 - 2012 strategy targets Targets and activities by segment PKN ORLEN 2005 2009 strategy achievements Supporting slides 2
  3. STRATEGY 2007 2012 – PKN Orlen SA – slide 3
    New PKN ORLEN environment in 2007 Changing macro environment and achievements in the 2005-2009 strategy implementation PKN ORLEN 2005 2009 strategy Environment 2005 - 2007 Successful strategy implementation has delivered results…
  4. STRATEGY 2007 2012 – PKN Orlen SA – slide 4
    PKN ORLENs new strategy (1) PKN ORLENs mission statement is the foundation for establishing and valuing strategic targets PKN ORLENs mission statement Aiming to become the regional leader, we ensure long-term value creation for our…
  5. STRATEGY 2007 2012 – PKN Orlen SA – slide 5
    PKN ORLENs new strategy (2) Updated approach to shareholder value creation Focusing on core company assets, strengthening of integration processes, and maximizing efficiency of the operated portfolio are necessary in order to achieve…
  6. STRATEGY 2007 2012 – PKN Orlen SA – slide 6
    Agenda Rationale for the PKN ORLEN strategy update PKN ORLEN 2007 - 2012 strategy targets Targets and activities by segment PKN ORLEN 2005 2009 strategy achievements Supporting slides 6
  7. STRATEGY 2007 2012 – PKN Orlen SA – slide 7
    PKN ORLEN strategy 2007 2012 Updated approach to shareholder value creation Up-to-date strategy Updated approach to PKN ORLEN strategy 2007 2012 2005-2009 shareholder value creation Refinery* Retail Petrochemical Chemical Other**…
  8. STRATEGY 2007 2012 – PKN Orlen SA – slide 8
    PKN ORLEN Group strategy for 2007 2012 Financial goals for the PKN ORLEN Group Financial ratios 2006 Target for 2012 EBITDA based on LIFO1 PLN 4.7 bn PLN 11 bn ROACE2 8% 14% Capex3 PLN 1.9 bn 4 PLN 3.5 bn annual average; PLN 21.3…
  9. STRATEGY 2007 2012 – PKN Orlen SA – slide 9
    PKN ORLEN Group operating profit (EBITDA) EBITDA to increase 132% by 2012 (based on LIFO calculation) EBITDA increase by 2012 PLN bn 0,1 0,9 0,9 0,6 11,0 3,8 increase 132%, CAGR** 15% 4,7 EBITDA in 2006 Refining* Retail…
  10. STRATEGY 2007 2012 – PKN Orlen SA – slide 10
    PKN ORLEN strategy 2007 2012 (1) Efficiency and optimisation plus investment in core business areas Refining Retail Petrochemical Chemical Others Efficiency and optimisation / strategy strategy strategy strategy…
  11. STRATEGY 2007 2012 – PKN Orlen SA – slide 11
    PKN ORLEN Group strategy 2007 2012 (2) Monitoring of further development options Refining Retail Petrochemical Chemical Others Efficiency and optimisation / strategy strategy strategy strategy strategy…
  12. STRATEGY 2007 2012 – PKN Orlen SA – slide 12
    Agenda Rationale for the PKN ORLEN strategy update PKN ORLEN 2007 - 2012 strategy targets Targets and activities by segment PKN ORLEN 2005 2009 strategy achievements Supporting slides 12
  13. STRATEGY 2007 2012 – PKN Orlen SA – slide 13
    Refinery one of the best refineries in Europe* Increase of production capacity in Poland and Lithuania CAPEX in the refining segment in 2007- 2012 EBITDA of the refining segment in 2012 (PLN bn, % of total CAPEX) (PLN bn, % of total…
  14. STRATEGY 2007 2012 – PKN Orlen SA – slide 14
    Retail the largest network of sites in the CEE Dynamic development of retail activity in the region CAPEX in the retail segment in 2007- 2012 EBITDA in the retail segment in 2012 (PLN bn, % of total CAPEX) (PLN bn, % of total…
  15. STRATEGY 2007 2012 – PKN Orlen SA – slide 15
    Petrochemicals regional leader in olefins and polyolefins production First producer of PTA in Middle-East Europe CAPEX in petrochemical segment 2007- 2012 EBITDA in petrochemical segment 2012 (in PLN bn, % of total CAPEX) (in PLN bn, %…
  16. STRATEGY 2007 2012 – PKN Orlen SA – slide 16
    Chemicals the biggest producer of PVC in the region Focus on operational improvement and economies of scale CAPEX in the chemical segment 2007- 2012 EBITDA in chemical segment 2012 (in PLN bn, % of total CAPEX) (in PLN bn, % of total…
  17. STRATEGY 2007 2012 – PKN Orlen SA – slide 17
    Other areas Continuation of other activities Exploration & Production (Upstream) OPTIMA Project research in line with company required return and risk Further execution of the cost cutting programme to be kept level on track Asset…
  18. STRATEGY 2007 2012 – PKN Orlen SA – slide 18
    Value Creation Program at Maeiki Nafta Implementaion process of Value Creation Program (VCP): EBITDA USD 700 mln in 2012* Phase Actions Implementation of operational improvement initiatives identified in the Value Creation Program in…
  19. STRATEGY 2007 2012 – PKN Orlen SA – slide 19
    Agenda Rationale for the PKN ORLEN strategy update PKN ORLEN 2007 - 2012 strategy targets Targets and activities by segment PKN ORLEN 2005 2009 strategy achievements Supporting slides TAJEMNICA SPKI 19
  20. STRATEGY 2007 2012 – PKN Orlen SA – slide 20
    Strategy realisation in the PKN ORLEN Group 2005 2009 (1) Strategy of building value brings visible effects Progress in execution of initiatives I. Refinery: Modernisation of the facilities in Litvinov refinery (Czech Republic) Nelson…
  21. STRATEGY 2007 2012 – PKN Orlen SA – slide 21
    Strategy realisation in the PKN ORLEN Group 2005 2009 (2) Strategy of building value brings visible effects Progress in execution of initiatives I. Refinery: Hydrodesulphurisation unit investment aimed at increasing the output of…
  22. STRATEGY 2007 2012 – PKN Orlen SA – slide 22
    Agenda Rationale for the PKN ORLEN strategy update PKN ORLEN 2007 - 2012 strategy targets Targets and activities by segment PKN ORLEN 2005 2009 strategy achievements Supporting slides 22
  23. STRATEGY 2007 2012 – PKN Orlen SA – slide 23
    Capital expenditure plan for PKN ORLEN in 2007 2012 Further expansion and modernisation of assets at an optimal rate Capital expenditure plan for 2007-2012 (in PLN bn). Capital expenditure by key companies in Annual average at the…
  24. STRATEGY 2007 2012 – PKN Orlen SA – slide 24
    Dividend payout policy Support for PKN ORLENs targets concerning capital structure In order to sustain the ability to generate cash flow and lower gearing PKN ORLEN bases its dividend payout policy on FCFE (free cash flow to equity)…
  25. STRATEGY 2007 2012 – PKN Orlen SA – slide 25
    Major macroeconomic assumptions in PKN ORLEN PKN ORLEN Group model margins, crude oil price, Ural/Brent differential, exchange rates PKN ORLEN model refining margin (1) Brent crude oil price (USD/bbl) USD/bbl Market 110 Market…
  26. STRATEGY 2007 2012 – PKN Orlen SA – slide 26
    Major macroeconomic assumptions in PKN ORLEN Cracks for specific refined and petrochemical products Gasoline crack (USD/tonne) Diesel crack (USD/tonne) 168 Forecast f rom 2008 Market 170 Forecast f rom 2008 Market 170 141 150 133…
  27. STRATEGY 2007 2012 – PKN Orlen SA – slide 27
    Fuel consumption increase in the region to 2012 Demand structure to shift towards diesel distillate Polish market fuel forecast Czech market fuel forecast CAGR 1 for all fuels in Poland: + 0.5% CAGR 1 for all fuels in Czech Republic: +…
  28. STRATEGY 2007 2012 – PKN Orlen SA – slide 28
    Petrochemical product growth to 2012 Polyolefin consumption to increase by more than 6% in Poland Petrochemical market in Poland kt CAGR 1 000 6.3% Polyethylene Polypropylene 900 800 700 6.4% 600 500 400 2006 2007 2008 2009…
  29. STRATEGY 2007 2012 – PKN Orlen SA – slide 29
    Major crude oil and logistics assets in Central Europe Mazeikiu Nafta terminal in Butinge possibility of export and crude oil supplies (163.7) Primorsk R [ Kirishi Ca 60 Yaroslavi ] [Ca 78] (49.1) Ventspils R [Ca 45] Butinge…
  30. STRATEGY 2007 2012 – PKN Orlen SA – slide 30
    Thank you for your attention To obtain further information about PKN ORLEN please do not hesitate to contact Investor Relations Department: telephone: + 48 24 365 33 90 fax: + 48 24 365 56 88 e-mail: irorlen.pl www.orlen.pl 31

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