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CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA

PKN Orlen SA · May 15, 2007 · 23 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. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 1
    Consolidated financial results of PKN ORLEN Q12007 (IFRS) Piotr Kownacki, CEO Pawe Szymaski, CFO 15 May 2007 1
  2. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 2
    Agenda Financial results in Q107 Analysis of results in Q107 - segments Supporting slides 2
  3. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 3
    The EBITDA of the PKN ORLEN Capital Group increased by 21% y/y and 67% q/q, after excluding the effects of the Mazeikiu Nafta consolidation Key financial data in Q1071 change y/y in PLN m Q1'2006 Q4'2006 Q1'2007 change q/q [%] [%]…
  4. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 4
    One-off effects influenced the Q12007 financial results. The clean operating result, based on LIFO, increased by 185% y/y. in PLN m Q1'2006 Q1'2007 y/y [%] 1 2 3=2/1 Operating result (reported) 417 375 -10.1% selected one-off…
  5. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 5
    The significant increase in retail fuel sales, and also in petrochemical and refined product volume sales, was a result of the positive effect of PKN ORLENs pro-sales activities. Key operating data in Q12007 change y/y change y/y…
  6. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 6
    Agenda Financial results in Q107 Analysis of results in Q107 - segments Supporting slides 6
  7. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 7
    Significant improvement in key macroeconomic factors in the refining segment in Q12007 y/y and q/q. Exchange rates1 Refinery margin 5,0/b average in Q120073 Increase by 95% y/y vs. 2,56/b 4,5 PLN/USD PLN/EUR Q207 14 1q '2007 Q207 1q…
  8. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 8
    Simplified P&L account Operating income (after excluding MN) increased by 70% y/y despite the negative LIFO effect Unipetrol effect MN effect change y/y change q/q in PLN m, IFRS Q1'2006 Q4'2006 Q1'2007 Q1'2007 Q1'2007 [%] [%] 1 2…
  9. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 9
    Costs by kind Operating cost q/q comparison at a satisfactory level, despite an increase in the companys volume of activity and the Mazeikiu Nafta consolidation. Unipetrol effect MN effect change y/y change q/q IFRS basis, PLN m Q1'2006…
  10. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 10
    The significant increase in operating profit y/y and q/q (after excluding the MN consolidation effect) demonstrates the dynamic development of PKN ORLEN in its operating segments. Unipetrol effect MN effect change y/y change q/q in PLN…
  11. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 11
    Refining segment Focus on efficiency improvement and optimisation of product slate Lower result connected with inventory valuation effect In PLN m Q12006 Q12007 42 15 700 Efficient sales management 43 and favourable crack Effect…
  12. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 12
    Retail segment Volume sales dynamics increase is continued In PLN m Q12006 Q12007 Sales optimisation in all distribution channels 120 affect growing volumes and margins on fuel and non-fuel products 100 27 12 2 80 8 60…
  13. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 13
    Petrochemical segment Significant improvement in subsidiaries results as a key driver of an increase In PLN m Q12006 Q12007 600 19 38 500 (27) 74 (46) 400 (51) 101 (48) 300 Efficient sales management and use of favourable…
  14. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 14
    Chemical segment Radical improvement of segment efficiency Q12006 Q12007 In PLN m 120 100 8 (3) 80 (13) 34 60 Efficient sales management and use of favourable cracks on chemical products 83 40 57 20 0 OPTIMA…
  15. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 15
    OPTIMA program results after Q12007 Cost-savings realised at the level of PLN 88 m increase by 63% y/y In PLN m Realisation of work and results after 1 quarter are in line with expectations Progress of work in the majority of…
  16. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 16
    Agenda Financial results for Q1 2007 Segmental analysis of financial results for Q12007 Supporting slides z Orlen Deutschland z Petrochemicals market summary z Unipetrol z OPTIMA areas in accordance with the plan…
  17. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 17
    ORLEN Deutschland Business restructuring visible at the operating level of the Company IFRS, PLN m Q1'2006 Q4'2006 Q1'2007 change y/y [%] change q/q [%] 1 2 3 4=3/1 5=3/2 Asstes 1 445 1 214 1 388 -3.9% 14.3% Equity 327 346 350 7,0% 1.2%…
  18. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 18
    Petrochemical market from 1 January 2005 to 10 May 2007 Ethylene Propylene 1000 1000 900 in EUR/tone 900 in EUR/tone 800 800 700 700 600 600 432 495 500 432 500 413 398 398 401 460 400 386 383 397 338 400 353 338 346 362…
  19. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 19
    Unipetrol Group Financial and operating results for Q12007 Preliminary consolidated financial results of Unipetrol for Q12007 IFRS, CZK m Q1'06 Q4'06 Q1'07 y/y [%] q/q [%] 1 2 3 4=2/1 5=4/3 Revenues 20 256 22 782 20 633 1,9% -9,4%…
  20. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 20
    Unipetrol Group Selected operating data in 2005 - 2007 Selected operating data in Q12005 Q12007 Operating data* 2004 Q1' 05 Q2' 05 Q3' 05 Q4' 05 2005 Q1' 06 Q2' 06 Q3' 06 Q4' 06 2006 Q1' 07 Total sales (th.t), including 4 692 1 118 1…
  21. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 21
    OPTIMA Program results after Q12007 in certain areas in PLN m Realisation of work and results after 1 quarter are in line with expectations 26 6 10 88 19 14 13 Retail Purchase Production Logistics Support Total…
  22. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 22
    Operating data in Q12007 vs. Q12006 Increase in crude oil processed in PKN ORLEN and Unipetrol Selected operating data Q1'2006 Q1'2007 change y/y [%] Refinery in Poland 1 Crude oil processed (th.t) 3 201 3 348 5.0% Utilisation 92.8%…
  23. CONSOLIDATED FINANCIAL RESULTS – PKN Orlen SA – slide 23
    Mazeikiu Nafta Selected items from balance sheet and P&L IFRS, USD m Q1'06 Q4'06 Q1'07 y/y [%] q/q [%] 1 2 3 4=3/1 5=3/2 Assets 1 654 1 585 1 457 -11,9% -8,1% Equity 721 749 698 -3,2% -6,8% IFRS, in PLN m Q1'06 Q4'06 Q1'07 y/y [%] q/q…

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