Financial highlights Q1 2015 (PLNm) Q1 2014 Q1 2015 % Revenue 9,535 12,495 31% Revenue from natural gas sales up PLN 3.2bn, to Operating expenses (excl. D&A) (7,354) (10,169) 38% PLN 10.8bn in Q1 2015, with sales volume up 2.8 bcm,…
Business segments EBITDA Q1 2015 Contribution (PLNm) Q1 2014 Q1 2015 % to Group's Revenue from sales of oil and condensate result down PLN 0.2bn year on year Exploration and Production 1,126 878 (22%) 38% Trade and Storage 228 619…
Factors contributing to financial performance Nine-month average crude oil price in PLN up 9% yoy in Q1 2015 Stronger USD and stable EUR against PLN yoy due to lower crude prices and stronger USD 4,5 PLN 450 4.19 PLN/boe 400 358…
Segments Exploration and Production Revenue from sales of crude oil down (PLN 0.2bn (PLNm) Q1 2014 Q1 2015 % year on year), with prices in PLN down almost 40% and sales volumes up 21%. Revenue 1,617 1,217 (25%) Sales volumes of helium…
Segments Trade and Storage (1) (PLNm) Q1 2014 Q1 2015 % Rise in revenue from gas sales in the Trade and Storage Revenue segment from PLN 7.4bn to PLN 10.7bn, with shifts in the 7,949 11,190 41% sales structure and prices (exchange…
Segments Trade and Storage (2) Gas inventory levels (bcm) 3 Large volumes of gas withdrawn from storage facilities in Q4 and Q1 due to 2,5 reduced deliveries from sources east of 2.72 2 2.48 Poland. This caused the volume of gas…
Segments Distribution (PLNm) Q1 2014 Q1 2015 % Gas distribution volume up 1% year on year (average air temperature lower by 0.6oC), to 3.26 Revenue 1,252 1,316 5% bcm. Operating expenses (excl. D&A) (627) (795) 27% Net cost of system…
Segments Generation (PLNm) Q1 2014 Q1 2015 % Revenue from sales of heat up 7%: PLN Revenue 651 688 6% 0.43bn, with volumes down almost 2% and a higher heat tariff effective from August 1st 2014. Operating expenses (excl. D&A) (435)…
Operating expenses Q1 2015 (PLNm) Q1 2014 Q1 2015 % Sales volume up 2.8 bcm yoy, to 7.7 bcm, with Cost of gas sold (5,177) (8,206) 59% lower unit cost of gas. Launch of operations by Electricity for trading (231) (203) (12%) the…
Efficiency Improvement Programme of PGNiG Group (PPE) Planned gains (accumulated) Achieved gains +17% Setting efficiency improvement 786 targets for PGNiG Group individual segments and 500 companies 260 304 Defining the scope…
Debt and sources of financing Financing sources as at March 31st 2015 (PLNm) 8000 Low debt level is a good starting point for available used investments under the 20142022 Strategy 6000 Available financing programmes for PLN 4000…
Appendix
Changes on the Polish gas market Gas sales volume (cubic meters) Q1 2014 Q1 2015 % Since August 1st 2014, PGNiG Group's gas sales volumes have included both PGNiG Total PGNiG Group 4,900 7,688 57% SA's sales through the exchange and…
Production and sales volumes NATURAL GAS PRODUCTION, PGNiG Group (mcm) Q1 2015 FY 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2014 FY 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2013 HIGH-METHANE GAS (E) 499 1 876 440 475 482 479 1,890 483 481 484 443…
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