Q4 2014 financial highlights (PLNm) Q4 2013 Q4 2014 % Revenue 9,101 11,486 26% Revenue from natural gas sales up PLN 3bn, to PLN 9.75bn in 2014, with sales volume up 2.3 Operating expenses (excl. D&A) (8,296) (10,126) 22% bcm, to 6.8…
2014 full-year financial highlights (PLNm) 2013 2014 % Revenue 32,044 34,304 7% PLN 0.1bn drop in revenue driven by lower Operating expenses (excl. D&A) average crude oil prices in Q4 2014 despite (26,432) (27,959) 6% higher sales…
Business segments EBITDA in 2014 Contribution Slight drop in revenue from sales of crude oil (PLN (PLNm) 2013 2014 % to Group's result 0.1bn) offset by a comparable increase in revenue from natural gas sales Exploration and…
Factors contributing to financial performance Nine-month average crude oil price in PLN flat yoy in Stronger USD and stable EUR against PLN yoy 2014 due to lower crude prices and stronger USD PLN +0.5% 4,5 4.19 4.21 450 PLN/boe…
Segments Exploration and Production Slight drop in revenue from sales of crude oil (PLN (PLNm) 2013 2014 % 0,1bn) offset by a comparable increase in revenue from natural gas sales. Lower sales of helium (down PLN 63m Revenue 6,185…
Segments Trade and Storage (1) T&S gas sales volume up from 15.5 bcm to 17.8 bcm on a (PLNm) 2013 2014 % YTD basis, with shifts in the sales structure and prices (exchange sale requirement); revenue from gas sales up PLN Revenue 2.2bn…
Segments Trade and Storage (2) Gas inventory levels (bcm) From August 1st 2014, supplies of natural gas to 3 approximately 6.7m PGNiG SA's customers were 2,5 handled by PGNiG Retail under a gas tariff taken 2.72 2.48 over from…
Segments Distribution Gas distribution volume down 5% yoy in 2014 (average (PLNm) 2013 2014 % air temperature higher by nearly 1oC), to 9.6 bcm; PLN 3.9bn in revenue from distribution services in 2014 vs Revenue 4,250 4,283 1% PLN…
Segments Generation (PLNm) 2013 2014 % Stable revenue from sales of heat: PLN 1.1bn, Revenue 2,062 1,943 (6%) with volumes down almost 9% and a higher heat tariff effective from August 1st 2014 Operating expenses (excl. D&A) (1,560)…
Operating expenses 2014 Sales volume up 2.4 bcm yoy, to 18.6 bcm, (PLNm) 2013 2014 % with lower gas purchase prices Cost of gas sold 17,568 18,750 7% Electricity for trading 670 1,093 63% Electricity trading volume up at PGNiG SA…
Debt and sources of financing Financing sources as at December 31st 2014 (PLNm) Low debt level is a good starting point for 8000 available used investments under the 20142022 Strategy 6000 Available financing programmes for PLN…
Appendix
Business segments EBITDA in Q4 2014 Revenue from sales of crude oil down PLN 0.56bn yoy on lower prices and a 152 thousand tonnes decline in sales volumes Dry wells, seismic surveys written off and change in impairment losses and…
Pillars of the PGNiG Group Strategy for 20142022 PGNiG Group Strategy for 20142022 A Maintaining stable trading volumes B Maximising cash flows from C Strengthening and transforming (both in retail and wholesale) infrastructure…
Capital expenditure planned for 20142022: PLN 40bn50bn CAPEX planned for 20092022 CAPEX for 2015: PLN 4.3bn 8,0 PLNbn 7.5 7,0 12% 6,0 Average of Exploration and 5.0 4.7 Production 5,0 4.5 4.3 14% 3.9 44% Distribution 3.8 4,0…
Exploration and Production: operating data Capital expenditure incurred in 2014: PLN 1.96bn, Recoverable reserves (Dec 31 2014) including PLN 164m on shale gas projects 81.6 bcm of natural gas measured as high- Exploration in…
Gas sales volumes and changes on the gas market Gas sales volume (cubic meters) Q4 2013 Q4 2014 % Since August 1st 2014, PGNiG Group's gas sales volumes have included both PGNiG PGNiG Group 4,467 6,797 52% SA's sales through the…
Production and sales volumes NATURAL GAS PRODUCTION, PGNiG Group (mln m3) FY 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2014 FY 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2013 HIGH-METHANE GAS (E) 1 876,0 440,4 475,2 481,9 478,5 1 890,5 483,1 481,2 483,5…
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