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ORLEN Group Presentation ORLEN PKN ORLEN ORLEN Group presentation ORLEN. Fuelling the future. Responsibly. August 2021 ORLEN Group – the largest multiutility concern in CEE (1/2) Refining . Refineries located in Poland, Lithuania and the Czech Rep. with total max. crude oil throughput of 35,2 mt/y. Strategic location with an access to crude oil, product pipelines and sea terminals. REBCO crude oil processing allows to benefit from Brent/Ural differential. Diversification of crude oil supplies. Petchem . Petrochemical assets fully integrated with refining. New production installations. Energy . Installed capacity: 6,1 GWt (heat) / 3,4 GWe (electricity). 70% of electricity production comes from zero and low-emission sources (RES and modern CCGT blocks located in Włocławek and Płock). Offshore wind farm project on the Baltic Sea with a maximum power of 1,2 GWe. Retail . 2854 fuel stations – the largest retail network in CEE. 2239 Stop Cafe / Star Connect coffee corners. 278 alternative fuel points. ORLEN – the most recognizable and valuable Polish brand worth PLN 10 bn. ORLEN brand present on foreign fuel stations within the Group (cobranding). Upstream . 174 m boe 2P crude oil and gas reserves in Canada and Poland. Average production 17,0 th. boe/d. 2 ORLEN Group – the largest multiutility concern in CEE (2/2) SHAREHOLDERS STRUCTURE KEY DATA 2020 State Treasury 12,4* 3,4 3,2 27,52% PLN bn PLN bn PLN bn Others 43,15% EBITDA LIFO Rekordowy wynik Record-high Detalu Record-high energy result retail result 29,33% Polish Pension Funds 38,3 29,5 mt mt Sales Crude oil volumes throughput PKN ORLEN listed on Warsaw Stock Exchange since 1999. PKN ORLEN is in WSE indices: WIG, WIG20, WIG30, WIG 174 1,0 Poland, WIG Paliwa, WIG – ESG. m boe PLN / share Market Cap.: PLN 31,5 bn. 2P oil and gas Dividend reserves Data as of 30.06.2021. Market capitalisation as of 16.08.2021. * includes profit on a bargain purchase of ENERGA shares in the amount of PLN 4 062 m. 3 Refining COMPETITIVE ADVANTAGES . Refinery in Płock is classified as a super-site (acc. to Wood Mackenzie) due to its depth and throughput capacity as well as integration with petchem. Diversification of crude oil and security of natural gas supplies. Prepared for regulatory changes and market trends due to realization of investment projects. FY 2020 FY 2020 . Leader on the fuel market in CEE. (-) 0,2 mld PLN FY 2019 FY 2020 PLN (-)6M21 0,2 bn PLN 2,8 bn PLN (-) 0,2 bn PLN 0,3 bn KEY DATA THROUGHPUT AND UTILISATION RATIO . Max. throughput capacity is 35,2 mt/y, of which: 16,3 mt/y Płock, mt; % 10,2 mt/y ORLEN Lietuva, 8,7 mt/y ORLEN Unipetrol. Ca. 60% of crude oil throughput is REBCO, which allows to benefit from Brent/Ural differential. 84% 90% 86% 94% 95% 96% 84% 75% . Long-term contracts secure ca. 50% of crude oil throughput. Remaining crude oil is bought on SPOT market. Sales in 2020 amounted to 23,6 mt. 30,9 33,2 33,4 33,9 . Market share: 51% Poland, 55% Czech Rep., 79% Lithuania. 27,3 30,1 29,5 . Investments: construction of Visbreaking Unit in Płock, construction 13,0 of Propylene Glycol in ORLEN Południe. 2014 2015 20162017 2018 20192020 6M21 Data as of 30.06.2021 4 Petrochemicals COMPETITIVE ADVANTAGES . The largest petrochemical company in CEE. Petchem assets integrated with refining. Wide portfolio of petchem products including: monomers, polymers, aromatics, PTA as well as fertilizers and PVC produced in Anwil. Ethylene pipeline connection with Plock refinery secures feedstock FY 2020 for PVC production. (-) 0,2 mld PLN . Strategic regional supplier for chemical industry. FY 2019 FY 2020 6M21 PLN 2,3 bn PLN 2,1 bn PLN 1,9 bn KEY DATA SALES VOLUMES . Sales in 2020 amounted to 5,1 mt. th.t . Market share between 40% – 100% depending on the product. 1 122 1 022 1 030 . PX/PTA – one of the most advanced petrochemical installations in 959 Europe with PTA production capacity of 690 th.t/y. Launching, in last two years, new propylene production, i.e. 647 631 Metathesis installation (Płock) and PPF Splitter (ORLEN Lietuva) as 519 498 424 396 well as polyethylene production, i.e. PE3 installation (ORLEN 373 343 Unipetrol). Investments: expansion of fertilizers production (Anwil), Petrochemicals Development Program (building of aromatics 20192020 2019 2020 2019 202020192020 20192020 2019 2020 complex, expansion of olefins’ production, expansion of phenol production, building R&D Center). Monomers Polymers Aromatics Fertilizers Plastics PTA Data as of 30.06.2021 5 Energy COMPETITIVE ADVANTAGES . Modern, low and zero-emission power generation assets. Broad usage of high-efficiency cogeneration to secure stable high heat and electricity needs of production plants. Big database of business and individual customers. Dynamic growth of renewable energy sources portfolio of assets FY 2020 (including offshore) supported by flexible gas units. (-) 0,2 mld PLN . Staff and financial potential for realization of large investment FY 2019 FY 2020 6M21 projects and taking part in energy transformation. PLN 1,6 bn PLN 3,4 bn* PLN 2,5 bn . Diversified sources of revenues from production, distribution and sales. KEY DATA SOURCES OF ELECTRICITY PRODUCTION . Installed capacity is (3,4 GWe / 6,1 GWt), of which: % . CHP Płock (359 MWe / 2150 MWt) – the biggest industrial block Gas in Poland. 54% . CCGT Włocławek (474 Mwe / 417 MWt) and CCGT Płock (608 MWe / 519 MWt) – modern Combined Cycle Gas Turbines blocks . ENERGA Group (1436 MWe / 493 MWt). Net electricity production in 2020 amounted to 11,9 TWh, net sales 29,1 TWh and distribution (done by ENERGA Operator) 21,8 TWh. Gas consumption in ORLEN Group in 2020 amounted to 3,1 bcm, including 2,8 bcm in Poland, which makes us the largest gas consumer in Poland. 31% Others . Investments: offshore wind farm project on the Baltic Sea with a 15% maximum power of 1,2 GWe. Data as of 30.06.2021 RES * does not include profit on a bargain purchase of ENERGA shares in the amount of PLN 4 062 m 6 Retail COMPETITIVE ADVANTAGES . Modern and the largest network of fuel stations in CEE. ORLEN – the most recognizable and valuable Polish brand worth PLN 10 bn. Attractive loyalty programs. Dynamic growth of non-fuel offer by launching new Stop Cafe/Star FY 2020 Connect coffee corners. (-) 0,2 mld PLN . E-mobility – expansion of EV chargers. FY 2019 FY 2020 6M21 . Cobranding – implementation of ORLEN brand at foreign fuel PLN 3,0 bn PLN 3,2 bn PLN 1,4 bn stations within the Group. KEY DATA COFFEE CORNERS/FUEL STATIONS . 2854 fuel stations, of which: 1803 Poland, 586 Germany, 421 Czech # at the end of the period Coffee corners Fuel stations Rep., 29 Lithuania, 15 Slovakia. Market share: 32% Poland, 25% Czech Rep., 6% Germany, 5% 2 783 2 803 2 836 2855 2854 Lithuania, 1% Slovakia. 2 692 2 679 2 726 . 2239 coffee corners: 1730 Poland, 315 Czech Rep., 151 Germany, 2 145 2 218 2 239 2 016 29 Lithuania, 14 Slovakia. 1 815 1 691 . In 2020 we sold 53,3 million hot-dogs (1,7 per second) and 13,9 1 558 million litres of coffee (almost 6 Olympic swimming pools). 1 250 . 278 alternative fuel points: 232 electricity, 2 hydrogen, 44 CNG. Large base of loyal customers: 0,5 million active FLOTA customers and 5,5 million active VITAY clients. Investments: development of fuel network, alternative fuel points, non-fuel concept as well as introduction of new services and 20142015 20162017 2018 2019 2020 6M21 products. Data as of 30.06.2021 7 Upstream COMPETITIVE ADVANTAGES . Flexible response to changes on oil and gas market. Adjusting CAPEX to macroeconomic situation. Focusing on the most profitable and promising projects in Poland and Canada. FY 2020 (-) 0,2 mld PLN FY 2019 FY 2020 6M21 PLN 0,3 bn PLN 0,3 bn PLN 0,1 bn KEY DATA AVERAGE PRODUCTION . 174 m boe 2P crude oil and gas reserves, of which: th. boe/d 18,0 18,2 18,0 . Poland – 10,1 m boe (5% liquid hydrocarbons, 95% gas) 17,0 . Canada – 163,9 m boe (60% liquid hydrocarbons, 40% gas) 15,6 13,6 . 18,0 th. boe/d of average production in 2020, of which: . Poland – 1,0 th. boe/d (100% gas) . Canada – 17,0 th. boe/d (46% liquid hydrocarbons) 8,4 7,1 . 17,0 th. boe/d of average production in 6M21, of which: . Poland – 1,2 th. boe/d (100% gas) 3,8 . Canada – 15,8 th. boe/d (45% liquid hydrocarbons) 2013 2014 2015 20162017 2018 2019 2020 6M21 Data as of 30.06.2021 8 Summary . Refining: high-class assets and strong position on the competitive market. Petchem: petrochemical assets integrated with refining / wide portfolio of products / new units. Competitive . Energy: modern, low and zero-emission power generation assets / dynamically growing portfolio of RES advantages (including offshore) supported by flexible gas units. Retail: modern and the largest network of fuel stations equipped with non-fuel concept in CEE with strong and recognizable ORLEN brand. ORLEN brand is the most valuable Polish brand worth PLN 10 bn. Upstream: focusing on the most profitable and promising projects in Poland and Canada. Diversified sources of financing, including: corporate bonds based on ESG MSCI rating valued at PLN 2 bn (first issue in Central Europe) and green Eurobonds valued at EUR 500 m (first issue in Poland). Average debt maturity in 2023. Finance . Investment rating: BBB- positive outlook (Fitch), Baa2 positive outlook (Moody`s).
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