Increase in diesel consumption (y/y) GDP increase1 Fuel consumption (diesel, gasoline)2 Change (%) to respective quarter of the last year mt 1Q15 2Q15 3Q15 4Q15 1Q16 1Q15 1Q16 1Q15 1Q16 + 6% 3,9 + 5% 3,7 3,3 3,5 3,1 3,7 2,68 2,84…
Agenda Key highlights 1Q16 Macroeconomic environment Financial and operating results Liquidity and investments Market outlook for 2016 7
Financial results in 1Q16 PLN m 1Q15 4Q15* 1Q16 - 19% Revenues: decrease by (-) 19% (y/y) due to lower crude 20 005 20 087 16 213 oil price limited by sales volumes increase Revenues 0,0 bn EBITDA LIFO: comparable result (y/y)…
EBITDA LIFO Segments results in 1Q16 Positive impact (y/y) of: PLN m lower costs of internal consumption for energy purposes derived from 301 27 1 937 lower crude oil and natural gas prices 1 755 -146 weakening of PLN against USD by…
Downstream EBITDA LIFO Maintaining very good result EBITDA LIFO quarterly (without impairments*) + PLN m Lower costs of internal consumption for energy purposes derived from lower crude oil and natural gas prices (y/y) 3 000 2 712…
Downstream Energy projects realization (industry cogeneration) Strategic assumptions Building a CCGT plant in Wloclawek (463 MWe) Industry cogeneration projects with the highest profitability / the In 1Q16 successful synchronization of…
Retail EBITDA LIFO Sales increase by 4% at lower fuel margins (y/y) EBITDA LIFO quarterly (without impairments) PLN m + Sales increase by 4% (y/y) 600 539 451 Market share increase in the Czech Rep. (y/y) 500 441 369 359 379 349 369…
Retail operational data Sales increase by 4% (y/y) and further growth of non-fuel offer Sales volumes Number of petrol stations and market shares (by volume) mt , % 2,5 + 4% 2,1 2,1 2,1 2,0 2,0 2,0 2,0 2,0 1,9 1,9 1,9 1,8 1,8…
Upstream Exploration and production projects in Poland Poland 1Q16 Acquisition of 2D and 3D seismic data being realized in 2015 has been finished whereas acquisition of 3D seismic data has been started in new areas Drilling works of…
Upstream Production projects in Canada Canada 1Q16 On January 1, 2016 a merger between ORLEN Upstream Canada Ltd. and Kicking Horse Energy Ltd. acquired in December 2015 took place Drilling of 7 new wells (5,9 net*) has been…
Agenda Key highlights 1Q16 Macroeconomic environment Financial and operating results Liquidity and investments Market outlook for 2016 17
Cash flow Cash flow from operations Cash flow from investments PLN bn PLN bn 1,8 0,1 2,9 1,9 0,4 -0,9 -1,0 -1,4 EBITDA LIFO effect Working capital Others Net inflow CAPEX Others* Net LIFO change from 1Q16 outflow 1Q16…
Indebtedness Net debt and gearing Gross debt structure: PLN bn, % Financial gearing, % EUR 51%, PLN 33%, USD 9%, CAD 7% 28,1 Diversified financing: over PLN 4 bn in retail bonds, corporate bonds 28,9 and Eurobonds 23,6 22,4 19,8…
CAPEX Planned CAPEX in 2016 (baseline scenario*) Realized CAPEX in 3M16** split by segment PLN bn, % PLN m 4,8* 126 20 847 72 5,8 Retail 629 Downstream 64% 10% Growth 3,3 5,1 Energy 226 26% Petrochemicals 184 Maintenance…
Agenda Key highlights 1Q16 Macroeconomic environment Financial and operating results Liquidity and investments Market outlook for 2016 21
Market outlook in 2016 Macroeconomic environment Economy Brent crude oil price in base case scenario crude oil price is GDP outlook for Poland: 3,8% in 2016 and in 2017 - NBP expected at comparable level to an average crude oil price…
Thank You for Your attention For more information on PKN ORLEN, please contact Investor Relations Department: phone: + 48 24 256 81 80 fax: + 48 24 367 77 11 e-mail: irorlen.pl www.orlen.pl
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