ORLEN Spolka Akcyjna · GPW:PKN
ORLEN Spolka Akcyjna — PKN Orlen — Corporate Update (September 2006)
14 slides from ORLEN Spolka Akcyjna's corporate update, September 2006
Slide 1: PKN ORLEN: value growth and strategy implementation – activity update
PKN ORLEN: value growth and strategy implementation – activity update Igor Chalupec, CEO September 2006 1
Slide 2: Mažeikių Nafta acquisition process – update
Mažeikių Nafta acquisition process– update PKN ORLEN is consequently executing steps in order to close the transaction ¾ Yukos International UK B.V., Government of Lithuania and PKN ORLEN signed the 2Q 2006 agreement for the sale/purchase of the Mazeikiu Nafta stake - Yukos 53.70% ( signed on May 26
Slide 3: Mažeikių Nafta acquisition: financing planning
Mažeikių Nafta acquisition process – update Advanced state of financing planning for the transaction STAGE 1: Preparing own Mažeikių Nafta acquisition: financial sources financial resources mln USD • Cash in hand (in 3Q06 around USD 250 million) Partial use of the present credit STAGE 2: Planning ne
Slide 4: Mažeikių Nafta included in segment management structure after acquisition
Mažeikių Nafta acquisition process – update Mažeikių Nafta included in segment management structure immediately after acquisition Taking advantage of the Unipetrol integration experience ¾ Taking over control and simultaneously integrating MN into the segment management structures, PKN ORLEN will ac
Slide 5: PKN ORLEN and Unipetrol integration: Partnership Programme
PKN ORLEN and Unipetrol integration Partnership Programme realization well on track Partnership Programme effects: UNIPETROL EBITDA* assuming average 2004 macroeconomic conditions (EUR m) almost EUR 40 m in 1H’2006, assuming average 2004 macroeconomic conditions 2004 baseline result Impact of Partne
Slide 6: Advanced preparations for segment based management
PKN ORLEN and Unipetrol integration Advanced preparations for implementation of segment base management Final preparation of the implementation phase June’06 Q3’06 Q4’06 - 2007 Phase 1 Phase 2 Phase 3 Shared Service Strategy Design & Construct Implementation Key activities undertaken in process of p
Slide 7: Split processing and commercial functions in Unipetrol subsidiaries
PKN ORLEN and Unipetrol integration Split processing and commercial functions in key Unipetrol subsidiaries Refining Petchem Retail Lubes/Bitumens Production/ processing Česká Chemopetrol Rafinerská production UNIPETROL lubes/ Refining bitumen businesses Commercial Chemopetrol * UniRaf commercial Be
Slide 8: New initiatives in HR
PKN ORLEN and Unipetrol integration New initiatives in HR MBO system related issues: • A further step for alignement with PKN ORLEN is the implementation of MBO • The MBO committee for coordination and monitoring of MBO targets (financial and operational) will start to work in Q4 2006. • MBO will co
Slide 9: External environment
External environment High volatility of margin and differential. Data to September 25th, 2006 Average exchange rates1 Refinery margin $4.00/b average in 3QTD’20063 Decrease by 34% y/y and 29% q/q 5,0 PLN/USD Q2'2006 PLN/EUR 2Q'2006 16 Q2'2006 Q2'2005 2 PLN/USD 2006E PLN/EUR 2006E 2 14 2006E 2 Q3'200
Slide 10: Petrochemical market
Petrochemical market Quotation improvement for olefins and polyolefins. Data to Septembers 15th 2006 Ethylene Propylene 1000 900 900 in EUR/tone 800 in EUR/tone 800 700 700 600 600 500 500 383 413 398 398 416 400 353 346 346 400 386 338 338 293 300 300 211 211 200 200 100 100 0 0 1-Jan 1-Apr 1-Jul 1
Slide 11: Operating results after 2 months of Q3'06
Operating results after 2 months of Q3’06 Significant volume sales increase in Poland and in whole Group Key operating data July-August 2005 July-August 2006 y/y [%] y/y [%] PKN ORLEN PKN ORLEN PKN ORLEN parent PKN ORLEN parent PKN ORLEN parent PKN ORLEN company company company 1,4 Wholesale fuel vo
Slide 12: Retail segment in Poland
Retail segment in Poland Favourable effects from continuation of implemented initiatives Area Effects of the initiatives undertaken in retail segment Sales dynamics at a satisfactory level of 6.1% in Poland (for July- August 2006, y/y) and 6.5% for whole Group. BLISKA sites recorded ca 30% volum
Slide 13: Thank you for your attention
Thank you for your attention For more information please contact the IR Department: phone: + 48 24 365 33 90 fax: + 48 24 365 56 88 e-mail: [email protected] www.orlen.pl 13
Slide 14: Main oil & gas assets in Central Europe and logistics infrastructure
Main oil & gas assets in Central Europe and logistics infrastructure Home markets of PKN ORLEN R (163.7) Primorsk [Ca 60 ] Kirishi Yaroslavi [Ca 78] R(49.1) Ventspils [Ca 45] RR Butinge DRUZHBA ] (38.2) Ca 13 [Ca 18] [Ca 3 [ Mazeikiai 4] (10.0; 9.0) Novopolotsk Rostock (8.3; 7.7) Holborn R Gdansk (9