Diesel consumption increase (Y/Y) GDP increase1 Fuel consumption (diesel, gasoline)2 Change (%) to respective quarter of the last year mt 3Q15 4Q15 1Q15 2Q16 3Q16 3Q15 3Q16 3Q15 3Q16 + 4%* 4,3 + 7% 3,4 3,33,6 3,15 3,29 3,0 3,1 0,99…
Agenda Key highlights 3Q16 Macroeconomic environment Financial and operating results Liquidity and investments Market outlook for 2016 7
Financial results in 3Q16 3Q15 2Q16 3Q16 PLN m 9M15 9M16 Revenues: decrease by (-) 10% (Y/Y) to lower - 10% -17% crude oil price 23 468 19 355 21 083 68 249 56 651 Revenues EBITDA LIFO: increase by PLN 0,2 bn (Y/Y) due + 0,2 mld -…
EBITDA LIFO Segments results in 3Q16 Positive impact (Y/Y) of: PLN m weakening of PLN against foreign currencies 619 58 2 226 higher fuel and non-fuel margins in retail -149 next insurance payment related to Steam Cracker in Litvinov…
Downstream EBITDA LIFO Results impacted by macro and maintenance shutdowns EBITDA LIFO quarterly (without impairments*) PLN m + Weakening of PLN against USD by 3% and EUR by 4% (Y/Y) 3000 2712 Sales increase (Y/Y): diesel 3%, PTA 2% 2500…
Downstream Energy projects realization of industry cogeneration Strategic assumptions Building a CCGT plant in Wloclawek (463 MWe) In 3Q16 two-months hot commissioning conducted Industry cogeneration projects with the highest…
Retail EBITDA LIFO Sales volumes, fuel and non-fuel margins increase (Y/Y) EBITDA LIFO quarterly (without impairments) PLN m + Sales increase by 2% (Y/Y) 700 619 Market share increase in the Czech Republic and in 600 539 Poland (Y/Y)…
Detal operational data Sales increase by 2% (Y/Y) and further growth of non-fuel offer Sales volumes Number of petrol stations and market shares (by volume) mt , % 2,5 + 2% 2,2 2,1 2,1 2,1 2,1 2,0 2,0 2,0 2,0 2,0 1,9 1,9 1,9…
Upstream Exploration and production projects in Poland Poland 3Q16 Acquisition of 3D seismic data has been started together with a partner and production tests on exploration well on the Bieszczady project Drilling works on Edge…
Upstream Production projects in Canada Canada Assets in Canadian Alberta province are located in 5 areas: Lochend, Kaybob, Pouce Coupe, Ferrier/Strachan and Kakwa 3Q16 1 fracking (1,0 net*) was done and 3 wells (2,4 net*) have been…
Agenda Key highlights 3Q16 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 0,1 0,2 2,2 2,1 -0,4 0,1 -1,2 -1,1 EBITDA LIFO effect Working capital Others Net inflow CAPEX CAPEX liabilities Net outflow LIFO increase from 3Q16…
Debt Net debt and gearing Gross debt structure: PLN bn, % Financial gearing, % EUR 62%, PLN 32%, CAD 6% 28,1 Diversified financing: PLN 7,4 bn in retail bonds, corporate bonds and Eurobonds 23,6 22,4 19,8 Average maturity in 4Q20…
CAPEX Planned CAPEX in 2016 (base case scenario*) Realized CAPEX in 9M16* split by segment PLN bn, % PLN m 4,8* 400 75 2923 244 Retail 2204 Downstream 64% 5,8 10% Growth 3,3 5,1 896 Energy 26% Petrochemicals 636 Maintenance…
Agenda Key highlights 3Q16 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 decrease of yearly average comparing to GDP outlook for Poland: 3,2% in 2016, 3,5% in 2017 and 3,3% 2015, mainly due to high crude oil supply. in 2018 - NBP…
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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