PKN ORLEN: value growth and strategy implementation activity update Igor Chalupec, CEO September 2006 1
Maeiki Nafta acquisition process update PKN ORLEN is consequently executing steps in order to close the transaction Yukos International UK B.V., Government of Lithuania and PKN ORLEN signed the 2Q 2006 agreement for the sale/purchase…
Maeiki Nafta acquisition process update Advanced state of financing planning for the transaction STAGE 1: Preparing own Maeiki Nafta acquisition: financial sources financial resources mln USD Cash in hand (in 3Q06 around USD 250…
Maeiki Nafta acquisition process update Maeiki Nafta included in segment management structure immediately after acquisition Taking advantage of the Unipetrol integration experience Taking over control and simultaneously integrating MN…
PKN ORLEN and Unipetrol integration Partnership Programme realization well on track Partnership Programme effects: UNIPETROL EBITDA* assuming average 2004 macroeconomic conditions (EUR m) almost EUR 40 m in 1H2006, assuming average…
PKN ORLEN and Unipetrol integration Advanced preparations for implementation of segment base management Final preparation of the implementation phase June06 Q306 Q406 - 2007 Phase 1 Phase 2 Phase 3 Shared Service Strategy Design &…
PKN ORLEN and Unipetrol integration Split processing and commercial functions in key Unipetrol subsidiaries Refining Petchem Retail Lubes/Bitumens Production/ processing esk Chemopetrol Rafinersk production UNIPETROL lubes/…
PKN ORLEN and Unipetrol integration New initiatives in HR MBO system related issues: A further step for alignement with PKN ORLEN is the implementation of MBO The MBO committee for coordination and monitoring of MBO targets…
External environment High volatility of margin and differential. Data to September 25th, 2006 Average exchange rates1 Refinery margin 4.00/b average in 3QTD20063 Decrease by 34% y/y and 29% q/q 5,0 PLN/USD Q2'2006 PLN/EUR 2Q'2006 16…
Petrochemical market Quotation improvement for olefins and polyolefins. Data to Septembers 15th 2006 Ethylene Propylene 1000 900 900 in EUR/tone 800 in EUR/tone 800 700 700 600 600 500 500 383 413 398 398 416 400 353 346…
Operating results after 2 months of Q306 Significant volume sales increase in Poland and in whole Group Key operating data July-August 2005 July-August 2006 y/y [%] y/y [%] PKN ORLEN PKN ORLEN PKN ORLEN parent PKN ORLEN parent PKN…
Retail segment in Poland Favourable effects from continuation of implemented initiatives Area Effects of the initiatives undertaken in retail segment Sales dynamics at a satisfactory level of 6.1% in Poland (for July- August 2006, y/y)…
Thank you for your attention For more information please contact the IR Department: phone: + 48 24 365 33 90 fax: + 48 24 365 56 88 e-mail: irorlen.pl www.orlen.pl 13
Main oil & gas assets in Central Europe and logistics infrastructure Home markets of PKN ORLEN R (163.7) Primorsk [Ca 60 ] Kirishi Yaroslavi [Ca 78] R(49.1) Ventspils [Ca 45] RR Butinge DRUZHBA ] (38.2) Ca 13 [Ca 18]…
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