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STRATEGY UPDATE 2006 2009 – PKN Orlen SA

PKN Orlen SA · Jan 10, 2006 · 34 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 UPDATE 2006 2009 – PKN Orlen SA – slide 1
    PKN ORLEN Strategy Update 2006-2009 Igor Chalupec, President and Chief Executive Officer Pawe Szymaski, Chief Financial Officer 10th January 2006 1
  2. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 2
    Agenda Strategy Implementation Status Strategy Update Financial Targets Supplementary Slides 2
  3. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 3
    PILLAR 1 Implement improvements and investments PILLAR 2 Strengthen existing core businesses in home markets Main assumptions of PKN ORLEN Strategy 2005-2009 Monitor expansion PILLAR 3 opportunities on new markets…
  4. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 4
    PILLAR 1 Implement improvements and investments Strategy Implementation - Pillar 1 PILLAR 2 Strengthen existing core businesses in home Change of corporate culture and introduction of modern principles of Groups management as a…
  5. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 5
    PILLAR 1 Implement improvements Strategy Implementation - Pillar 1 and investments Redefinition of PKN ORLENs role in the Polish energy security system Strengthen existing core PILLAR 2 businesses in home markets Monitor…
  6. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 6
    PILLAR 1 Implement improvements Strategy Implementation - Pillar 1 and investments Final solution to the Companys troublesome legacy Strengthen existing core PILLAR 2 businesses in home markets Monitor expansion PILLAR 3…
  7. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 7
    PILLAR 1 Implement improvements Strategy Implementation - Pillar 1 and investments Effective execution of the retail network development plan on the Polish market Strengthen existing core PILLAR 2 businesses in home…
  8. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 8
    PILLAR 1 Implement improvements and investments Strengthen existing core Strategy Implementation - Pillar 1 Restructuring and development of Orlen Deutschland PILLAR 2 businesses in home markets Monitor expansion PILLAR 3…
  9. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 9
    PILLAR 1 Implement improvements and investments Strategy Implementation - Pillar 1 PILLAR 2 Strengthen existing core businesses in home Integration of Unipetrol - launch of the Partnership programme as a source of additional profit…
  10. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 10
    PILLAR 1 Implement improvements Strategy Implementation - Pillar 1 and investments Cost reduction as an important source of efficiency enhancement Strengthen existing core PILLAR 2 businesses in home markets Monitor…
  11. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 11
    PILLAR 1 Implement improvements Strategy Implementation - Pillars 2 & 3 and investments Efficiency projects were accompanied by development projects Strengthen existing core PILLAR 2 businesses in home markets PILLAR 3…
  12. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 12
    Strategy Implementation Our actions have been well-received and recognised by the market z Best Refinery in Central and Eastern Europe award by World Refining Association Central & Eastern European Refining and Petrochemicals 8-th…
  13. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 13
    Agenda Strategy Implementation Status Strategy Update Financial Targets Supplementary Slides 13
  14. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 14
    Updated Strategy assumes focus on non-organic growth along with continuation of pro-effective activities z The change in the Groups managing principles has proved successful in restructuring which was the foundation of Pillar 1 of the…
  15. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 15
    Main oil assets in Central Europe Primorsk (ex 42) R Kirishi Yaroslavi Ventspils R DRUZHBA Butinge Mazeikiai Gdansk R (12.8; 9) Novopolotsk (8.3; 7.7) (4.4; 11.1) Rostock R R Holborn (3.8; 6.1) Schwedt Harburg (10.7;…
  16. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 16
    Upstream activities as a response to the strategic challenge of developing own feedstock base and a real opportunity to increase shareholder value Strong sector fundamentals New opportunities stemming from the need to increase…
  17. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 17
    Targets for upstream development Planned production and anticipated crude throughput z z (mm t/year) Reserves (mm t) Production Throughput 27,7 20,9 19,3 17,6 7,6 4,3 3,2 0,4 1,2 2007 2010 2015 2007 2010 2015 z…
  18. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 18
    Assumed phased development of expertise and risk mitigation, with an option to accelerate if Phase I of the plan is successful Phase II Phase mid-term mid-term horizon horizon Phase Phase II II long-term long-term horizon…
  19. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 19
    Agenda Strategy Implementation Status Strategy Update Financial Targets Supplementary Slides 19
  20. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 20
    Assumptions of the PKN ORLEN Strategy Update 2006 2009 Main assumptions Main assumptions of of the the financial financial plan plan Reflects the acquisition of Unipetrol holding, in particular: Unipetrol consolidation as at June 1,…
  21. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 21
    Explanation of differences between results according to LIFO and weighted average methods at the example of crude oil z Commentary z PKN ORLEN crude inventories (th. tonnes) Change of inventories adjusts the production cost of…
  22. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 22
    Increase of PKN ORLEN strategic goals for 2009 z Strategy 2005-20091 z Strategy Update Variable 2 3 3 Variable scenario scenario2 Constant Constant scenario scenario3 Constant Constant scenario scenario3 z EBITDA PLN 6.0 bn z…
  23. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 23
    Influence of potential core business acquisitions on strategic financial targets In case of major acquisition and related debt increase, maintaining an investment grade will remain a main priority for Management Board, through:…
  24. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 24
    Further EBITDA growth Comparison in constant 2004 macroeconomic environment1 z EBITDA 2009 PLN mm 1,5 0,6 10,0 7,9 EBITDA 2009 (as of February 2005) Optima Other initiatives, additional investments EBITDA 2009 (as of January…
  25. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 25
    Refinery (refining and oil segments) EBITDA and investment plan Refinery segment CAPEX 2006-2009 Refinery segment EBITDA in 2009 (PLN bn, % of total CAPEX) (PLN bn, % of total EBITDA) New investments in PKN ORLEN Strategy Update…
  26. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 26
    Petrochemicals EBITDA and investment plan Petrochemicals segment CAPEX 2006-2009 Petrochemicals segment EBITDA in 2009 (PLN bn, % of total CAPEX) (PLN bn, % of total EBITDA) New investments in PKN ORLEN Strategy Update 2006 - 2009…
  27. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 27
    Chemicals EBITDA and investment plan Chemicals segment CAPEX 2006-2009 Chemicals segment EBITDA in 2009 (PLN bn, % of total CAPEX) (PLN bn, % of total EBITDA) New investments in PKN ORLEN Strategy 100% Update 2006 2009 Investments…
  28. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 28
    Retail EBITDA and investment plan Retail segment CAPEX 2006-2009 Retail segment EBITDA in 2009 (PLN bn, % of total CAPEX) (PLN bn, % of total EBITDA) New investments in PKN ORLEN Strategy Update 2006 - 2009 100% PLN bn, % of total…
  29. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 29
    Upstream EBITDA and investment plan Upstream segment CAPEX 2006-2009 Upstream segment EBITDA in 2009 (PLN bln, % of total CAPEX) (PLN bln, % of total EBITDA) New investments in PKN ORLEN Strategy 8% 100% PLN bn, % of total EBITDA…
  30. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 30
    New proposal of dividend policy PKN ORLEN investment goals and opportunities new reference point z Proposal of a new reference point for dividend policy PKN ORLEN investment goals and opportunities z taking into account mergers and…
  31. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 31
    Agenda Strategy Implementation Status Strategy Update Financial Targets Supplementary Slides 31
  32. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 32
    Comparison of PKN ORLEN macroeconomic assumptions (Strategy February 2005 v. Strategy Update January 2006) Exchange rates 1 Refining Refining margin margin (USD/bbl) Exchange rates January January 2006 2006 forecasts forecasts1…
  33. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 33
    Extension of the value chain in the Groups petrochemical segment Refining product Olefin II Aromatics fraction Benzen Aromatics extraction Extract separation Reforming V Toluen Paraxylene Transalkylation Isomerisation…
  34. STRATEGY UPDATE 2006 2009 – PKN Orlen SA – slide 34
    Extension of the value chain in the Groups petrochemical segment Project Project size size Project Project benefits benefits Proposed capacity of the complex units: Value creation by entering the rapidly PX installation - 400 th.…

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