ORLEN Spolka Akcyjna · GPW:PKN
ORLEN Spolka Akcyjna — PKN Orlen — Investor Presentation (April 2014)
27 slides from ORLEN Spolka Akcyjna's investor presentation, April 2014
Slide 1: PKN ORLEN Capital Group
PKN ORLEN Capital Group April 2014
Slide 2: Agenda
Agenda PKN ORLEN today & in the future Downstream – core business Upstream & Energy – growth segments Summary 2
Slide 3: Integrated oil&gas company with energy assets
Integrated oil&gas company with energy assets REFINING Strategic location on key pipeline network and access to crude oil sea terminals in Gdansk (Poland) and Butinge (Lithuania) Refineries in Poland (supersite in Plock), Lithuania and the Czech Rep. REBCO crude oil processing - benefiting from B/U
Slide 4: PKN ORLEN vision
PKN ORLEN vision Upstream Energy Downstream PKN ORLEN in 2008… … 2012… … 2017… … and 2022 4
Slide 5: Agenda
Agenda PKN ORLEN today & in the future Downstream – core business Upstream & Energy – growth segments Summary 5
Slide 6: Refining
Refining HIGH-CLASS ASSETS COMPETITIVE ADVANTAGES Refinery in Plock classified as a super-site (acc. to WoodMackenzie) considering the volume and depth of processing, integration with petrochemical operations Modernized refining assets in Lithuania and in Litvinov Prepared for regulatory and market
Slide 7: Petchem
Petchem INTEGRATED ASSETS COMPETITIVE ADVANTAGES The largest petrochemical company in Central Europe* Integration with refinery giving a good position on the cost curve Attractive portfolio of products including PTA, polyolefins, butadiene Strategic regional supplier for chemical industry KEY DATA A
Slide 8: Retail
Retail MODERN SALES NETWORK COMPETITIVE ADVANTAGES The largest retail network in Central Europe Leader on the retail market in Poland, strong position in the Czech Rep. and regionally in Germany ORLEN brand – strong, recognizable and the most valuable in Poland (PLN 3,9 bn) Successful two-tier brand
Slide 9: Agenda
Agenda PKN ORLEN today & in the future Downstream – core business Upstream & Energy – growth segments Summary 9
Slide 10: "Multi-utility" is a foundation for further PKN ORLEN value growth
„Multi-utility” is a foundation for further PKN ORLEN value growth STRATEGIC RATIONALES CONCEPT OF „MULTI- UTILITY” PKN ORLEN faces serious barriers for the further dynamic growth in the oil sector... Upstream (E&P) New The dynamic growth through acquisitions and segments geographic expansion in 200
Slide 11: Upstream: Exploration projects in Poland
Upstream Exploration projects in Poland ASSETS COMPETITIVE ADVANTAGES Organic projects in exploration phase Stable geopolitical regions: focus on Central Europe and North America Potential strategic partnerships Access to production assets through M&A projects Advanced unconventional gas projects on
Slide 12: Upstream: Production assets in Canada
Upstream Production assets in Canada BUSINESS RATIONALES AKTYWA Steadily growing company with an experienced management Transaction value: CAD 183,7 m i.e. 2,85 CAD per share team in place Assets portfolio in Canadian province of Alberta on 3 areas - Access to crude oil and gas producing assets in a
Slide 13: Energy: New projects and improvement of efficiency of held assets
Energy New projects and improvement of efficiency of held assets ASSETS COMPETITIVE ADVANTAGES Power plant in Plock (345 MW, 1970 MWt) – the biggest industrial block in Poland. Heating oil, refining gas and natural gas - fuels used for energy and heat production in Plock and Wloclawek plants. PKN OR
Slide 14: Agenda
Agenda PKN ORLEN today & in the future Downstream – core business Upstream & Energy – growth segments Summary 14
Slide 15: Further PKN ORLEN growth
PKN ORLEN competitive advantages Refining Integrated, high-class assets and strong position on competitive market Petchem New units and attractive portfolio of products offered on developing markets Retail Modern and the largest sales network in the region with strong and recognizable brand Energy B
Slide 16: Mission and Corporate Values
Mission and Corporate Values „We discover and process natural resources to fuel the future” RESP ONSIBILITY We respect our customers, shareholders, the natural environment and local communities P ROGRESS We explore new possibilities PEOP E L We are characterized by our know-how, teamwork and integri
Slide 17: Thank You for Your attention
Thank You for Your attention www.orlen.pl 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: [email protected] 17 17
Slide 18: Supporting slides
Agenda Supporting slides 18
Slide 19: Supply Routes Diversification
Supply Routes Diversification Sea terminal [capacity] (70) Primorsk [Ca Kirishi Oil pipeline [capacity] (30) Ust-Luga 60 ] Yaroslavi Projected Oil pipeline [Ca 78] (18) Ventspils BPS2 [Ca 45] Refinery of PKN ORLEN Group Butinge DRUZHBA (14) [Ca 18] [Ca Mazeikiai 34] Naftoport (10.2; 10.3) Novopolots
Slide 20: ORLEN Lietuva - maximizing the possessed potential
ORLEN Lietuva - maximizing the possessed potential ASSETS Sea terminal Ventspils (20,0 mt/y) (14 ,3 m Latvia t/y) Pump station Illukste ) t/y Terminal (16,4 mt/y) m Sea terminal ,,0 Joniskis Polock Storage depot (14 Butinge Orlen Lietuva Biržai Mažeikių (14,0 mt/y) Refinery Nafta Crude pipeline Klai
Slide 21: Unipetrol – continuation of operating efficiency improvement
Unipetrol – continuation of operating efficiency improvement ASSETS ethylene Litvínov 5.5 mt/y Kralupy Pardubice * IKL 3.2 mt/y 1.0 mt/y Pipeline 10 mt/y Druzhba Mero Crude oil pipelines pipeline CEPRO production pipelines 9 mt/y CEPRO depots KEY FACTS Ongoing strict cost control including staff red
Slide 22: Relatively low rate of energy consumption per capita and need for new power plants
Relatively low rate of energy consumption per capita and need for new power plants indicates high potential for growth in the energy sector FORECAST FOR SUPPLY AND DEMAND FOR PEAK ELECTRICITY CONSUMPTION IN EUROPE, 2000-2010 POWER IN POLAND, 2005-2020, GW Developed PKN ORLEN’s Rest Demand countries
Slide 23: New power plants are mostly required in the northern Poland
New power plants are mostly required in the northern Poland EXISTING AND PLANNED GENERATION CAPACITY UNTIL 2015 Concentration of generation sources Cable from Power Plant Gdańsk (Lotos, PGNiG, Energa) Brown coal power stations Sweden (200 MW) Hard coal power stations Planned capacity El. Szczecin (8
Slide 24: Dividend policy
Dividend policy Focus on creating solid financial standing forced no … but in coming years cash flow from operations dividend payout in 2008 – 2012 … will secure cash for both growth and for Shareholders … Gearing decrease dividend yield increase up to 5% Refinancing Rating improvement 2008 - 2012 2
Slide 25: Effective execution of two-tier branding strategy
Effective execution of two-tier branding strategy as a response to market polarization PKN ORLEN BRANDING STRATEGY PREMIUM ECONOMICAL Successful rebranding of heritage network of mixed brands into premium ORLEN and economical BLISKA Poland networks. Market research is to help to determine the final
Slide 26: Disclaimer
Disclaimer This presentation (“Presentation”) has been prepared by PKN ORLEN S.A. (“PKN ORLEN” or “Company”). Neither the Presentation nor any copy hereof may be copied, distributed or delivered directly or indirectly to any person for any purpose without PKN ORLEN’s knowledge and consent. Copying,
Slide 27: www.orlen.pl
www.orlen.pl 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: [email protected] 27 27