MOL Magyar Olaj es Gázipari Nyilvánosan Muködo Reszvenytársaság : Group 2022 H1 and Q2 Flash Report (Presentation)
August 04, 2022 at 06:30 pm EDT
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SECOND QUARTER 2022 RESULTS
5 AUGUST2022
DISCLAIMER
"THIS PRESENTATION AND THE ASSOCIATED SLIDES AND DISCUSSION CONTAIN FORWARD-LOOKING STATEMENTS. THESE STATEMENTS ARE NATURALLY SUBJECT TO UNCERTAINTY AND CHANGES IN CIRCUMSTANCES. THOSE FORWARD-LOOKING STATEMENTS MAY INCLUDE, BUT ARE NOT LIMITED TO, THOSE REGARDING CAPITAL EMPLOYED, CAPITAL EXPENDITURE, CASH FLOWS, COSTS, SAVINGS, DEBT, DEMAND, DEPRECIATION, DISPOSALS, DIVIDENDS, EARNINGS, EFFICIENCY, GEARING, GROWTH, IMPROVEMENTS, INVESTMENTS, MARGINS, PERFORMANCE, PRICES, PRODUCTION, PRODUCTIVITY, PROFITS, RESERVES, RETURNS, SALES, SHARE BUY BACKS, SPECIAL AND EXCEPTIONAL ITEMS, STRATEGY, SYNERGIES, TAX RATES, TRENDS, VALUE, VOLUMES, AND THE EFFECTS OF MOL MERGER AND ACQUISITION ACTIVITIES. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS, UNCERTAINTIES AND OTHER FACTORS, WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE RISKS, UNCERTAINTIES AND OTHER FACTORS INCLUDE, BUT ARE NOT LIMITED TO DEVELOPMENTS IN GOVERNMENT REGULATIONS, FOREIGN EXCHANGE RATES, CRUDE OIL AND GAS PRICES, CRACK SPREADS, POLITICAL STABILITY, ECONOMIC GROWTH AND THE COMPLETION OF ON-GOING TRANSACTIONS. MANY OF THESE FACTORS ARE BEYOND THE COMPANY'S ABILITY TO CONTROL OR PREDICT. GIVEN THESE AND OTHER UNCERTAINTIES, YOU ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON ANY OF THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN OR OTHERWISE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO RELEASE PUBLICLY ANY REVISIONS TO THESE FORWARD-LOOKING STATEMENTS (WHICH SPEAK ONLY AS OF THE DATE HEREOF) TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE HEREOF OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS, EXCEPT AS MAYBE REQUIRED UNDER APPLICABLE SECURITIES LAWS.
STATEMENTS AND DATA CONTAINED IN THIS PRESENTATION AND THE ASSOCIATED SLIDES AND DISCUSSIONS, WHICH RELATE TO THE PERFORMANCE OF MOL IN THIS AND FUTURE YEARS, REPRESENT PLANS, TARGETS OR PROJECTIONS."
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AGENDA
1
2
3
4
5
6
HIGHLIGHTS OF THE QUARTER
KEY GROUP QUARTERLY FINANCIALS
DOWNSTREAM QUARTERLY RESULTS
CONSUMER SERVICES QUARTERLY RESULTS
UPSTREAM QUARTERLY RESULTS
SUPPORTING SLIDES
4
10
17
21
26
32
3
HIGHLIGHTS
OF THE QUARTER
H1 2022: FINANCIAL PERFORMANCE AFFECTED BY FUEL PRICE REGULATION AND WINDFALL TAXES
GROUP CLEAN CCS
EBITDA
GROUP CAPEX
(ORGANIC)
SIMPLIFIED FCF1
OIL & GAS
PRODUCTION2
NET DEBT/EBITDA4
HSE - TRIR3
2021
RESULTS5
USD 3.53 BN
USD 1.54 BN
USD 1.98 BN
110 MBOEPD
0.6X
1.3
H1 2022
RESULTS4
USD 2.18 BN
USD 628 MN
USD 1.55 BN
93 MBOEPD
0.5X
1.3
2022
GUIDANCE
AROUND 3.3BN
USD 1.7 - 1.8 BN
AROUND USD 1.5-1.6BN
Above 90 MBOEPD
<2.0X
<1.2
1 Clean CCS EBITDA less Organic capex
2 Including JVs and associates
3 Total Recordable Injury Rate
4 Represented for continuing operations, i.e. excluding UK
5 Including discontinued operations, i.e. UK
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MOL plc published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 22:27:18 UTC.
MOL Magyar Olajes Gazipari Nyrt, formerly known as MOL Plc, is a Hungary-based company active in the oil and gas industry. Its core activities include exploration and production of crude oil, natural gas and gas products; refining, transportation, storage and distribution of crude oil products at both retail and wholesale; transmission of natural gas; and production and sales of petrochemical product, such as gasoline, bitumen, olefin and polymer products, among others. Its business is divided into three divisions: Downstream, operating refineries, petrochemical plants, and filling station network supplied by logistics system; Upstream, comprising exploration and production assets; and Gas Midstream, engaged in gas transmission, storage and trading business. The Company forms a capital group with its subsidiaries, associated companies and joint ventures. It operates in around 40 countries in Europe, the Middle East, Africa and Asia. It operates ENI Romania as a wholly owned subsidiary.