RESULTS OF THIRD QUARTER AND THE FIRST NINE MONTH OF 2012 14 November 2012
DISCLAIMER This presentation and the associated slides and discussion contain forward-looking statements. These statements are naturally subject to uncertainty and changes in circumstances. Those forward-looking g statements may y…
MOL DOUBLED EBITDA AND INCREASED CCS RESULT IN Q3 2012 Driven by stellar downstream performance in line with further improving environment Ch. % Ch. % Q2 2012 Q3 2012 Q3 2011 (IFRS), in HUF billion Q1-Q3 2011 (1) Q1-Q3 2012 Q3/Q3…
UPSTREAM SLIGHTLY LOWER REALIZED PRICE Combined with unfavourable FX changes Total realized hydrocarbon Brent (USD/bbl) price (USD/boe) +1% 4% 113,4 76 108,3 109,5 73,9 72,6 Lower total realised hydrocarbon price in line…
UPSTREAM SLIGHTLY LOWER PRODUCTION Mainly due to declining Croatian offshore and maintenances on onshore gas production Daily hydrocarbon production (mboepd)* 140 127 4 127,4 113 7 113,7 112 0 112,0 Negative effect of declining…
UPSTREAM Q3 EBITDA RESULT PRACTICALLY UNCHANGED TO Q2 And reached significant improvement on the operating level* level EBITDA* (HUF bn) 2% 2% Lower production and decreasing average realized - hydrocarbon price Lower…
GAS MIDSTREAM RESULTS WERE CLOSE TO LAST YEARS LEVEL However burdened by seasonally better but still loss making Croatian gas trading Gas Midstream EBITDA* (HUF bn) Contribution of FGSZ and MMBF due to higher international transit…
FURTHER IMPROVEMENT OF CRACK SPREADS Limited by falling Brent-Ural Brent Ural spread and worsening petrochemicals margin 250 Brent-Ural differential (USD/bbl) 200 premium unleaded /FOB ROTT/ 150 100 50 gas oil /FOB ROTT/…
MOL GROUPS MOTOR FUEL SALES PERFORMED SLIGHTLY ABOVE THE MARKET Further decrease of regional product demand Our motor fuel sales volumes were better than the market average due to Higher sales in Croatia and Slovakia Relatively stable…
BEST DOWNSTREAM CLEAN** RESULT SINCE Q2 2008 DUE TO BETTER MARGIN CAPTURE Despite the negative effect of eroding sales margin in line with increasing price level CCS-based** R&M EBITDA - CCS-based** R&M EBITDA Group (HUF bn) MOL excl.…
GEARING RATIO DECREASED TO 5-YEAR LOW LEVEL Extended maturity profile and financial flexibility with MOLs MOL s first USD bond issuance Operating cash flow before changes Operating cash flow after changes in working capital (HUF bn)…
CONSERVATIVE CAPEX POLICY Organic CAPEX: HUF 164 bn Operating Cash flow vs CAPEX 356 85,6 71,9 272 63,2 63,6 164 164 9,9 3,5 2,1 3,3 Upstream Downstream Gas Midstream Corporate and other Q1-Q3 011 Q1-Q3 2012 Q1-Q3 2011…
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