NIS GROUP'S PERFORMANCE PRESENTATION
for fourth quarter and 12 months of 2021
Anton Cherepanov
Finance, Economics, Planning and
Accounting Function
February 21, 2022
Disclaimer
This presentation has been prepared by NIS j.s.c. Novi Sad ("Company") and consists of a slide show that contain information pertaining to the NIS Group intended to investors. This presentation is not any offer or invitation to tender. or any information on the approval of the offer for sale or purchase or registration of shares or other securities of Company; neither this presentation. nor any of its part. as well as the fact that this presentation is made available or distributed. can be a ground for any contract or investment decision. and it may not be relied upon for this purpose.
All visitors of this presentation who consider purchase or sale of securities are hereby warned that any purchase or sale should be undertaken on the basis of the information contained in other publicly available documents. which should be used in accordance with the restrictions contained in these documents. There should be no reliance. for whatever purpose. on the information contained in this presentation. or any content that has been mention when it was made public. or on its completeness. accuracy or veracity. The information specified in this presentation should not be treated as giving investment advice or recommendations. All reasonable measures were taken with a view to ensure that the facts contained in this presentation are accurate and that the opinions expressed are correct and reasonable. This presentation is not adopted by Company's bodies. Consequently. no statement or guarantees. explicit or implicit. in connection with the accuracy. completeness or veracity of information or opinions which are contained or considered in this presentation was not given by or in the name of the Company or any of its shareholders. directors. agents. employees or any other person. Neither the Company nor any of its shareholders. directors. agents or employees or any other person do not accept any responsibility for any loss that may arise on the basis of or in connection with the use of this presentation or its content or in any other way connected with this presentation.
Information in this presentation contains a statements on uncertain future events. The statements about uncertain future events include statements that are not historical facts. statements in connection with the intent of the Company and NIS Group. beliefs or current expectations in connection with. among other things. performance results of the NIS Group. the financial situation and their liquidity management. prospects. growth. strategies and industrial branches in which the NIS Group operates. For the reasons which are related to the events and depend on circumstances that may but are not certain to take place in the future. the statements about uncertain future events by their nature involve risks and uncertainty. including but not limited to the risks and uncertainties that the Company and NIS Group have identified in other publicly available documents. The Company warns that there is no guarantee that the statements on uncertain future events will come true in the future and that the actual business results. the financial situation and the liquidity. as well as the development of the industrial branch in which the Company and NIS Group operate. may significantly differ from those presented or reckoned by the statements about uncertain future events which are contained in this presentation. Additionally. and if the results of the business of the NIS Group. its financial condition and liquidity. as well as the development of industrial branch in which the Company and NIS Group operate are in accordance with the statements herein contained about uncertain future events. such results and the development are not indicative of the results and the development in the coming periods. The information contained in this presentation is given on the date of this presentation and their changes are possible without prior notice.
No person shall be under any obligation to update and keep current the data herein contained.
Once you have visited or read this presentation you shall be considered familiar with the above mentioned constraints.
2
Macroeconomic Indicators
COVID-19 pandemic: effects and limitations in 2021:
- In 2021, the trend of motor fuel consumption recorded a growth trend, except in the first two months, when consumption recorded a decrease trend due to restrictions to the corona virus. In 2021 we recorded a growth in motor fuel consumption in Serbia by approximately 12% compared to the same period in 2020.
USD/RSD rate | -4% |
120
100.2 | 105.3 | 103.2 | 99.4 |
110
100
90
80
2018.2019.2020.2021.
Brent oil price, $/bbl | +70% |
100 | |||
71.04 | 64.3 | 41.67 | 70.73 |
75 |
50
25
0
2018. | 2019. | 2020. | 2021. |
The average USD/RSD exchange rate in 2021 was lower by 4% | The average price of Brent oil in 2021 is 70.73, which is an |
compared to the previous year. | increase of 70%. |
3
NIS in Q4 2021 and 2021
Block Exploration and production
Number of wells:
Q4 2021
5 development and 1 exploration well were drilled in Serbia and 1 exploration well in Romania
FY 2021
43 development and 1 exploration well were drilled in Serbia and 1 exploration well in Romania
Oil and gas output: | Financial |
indicators: | |
Q4 2021 | Q4 2021 |
Domestic oil production | |
CAPEX1: 4.5 bln RSD | |
ammounts to 208 | EBITDA: 8.1 bln RSD |
thousands t.o.e. | |
FY 2021 | FY 2021 |
The total production of | CAPEX1: 13.3 bln RSD |
domestic oil ammounts to | EBITDA: 30.4 bln RSD |
817 thousands t.o.e. |
The main goal during the whole of 2021 in the Exploration and production Block was to fulfill the planned production of hydrocarbons, the realization of geological research projects and increase the efficiency of geological and technical activities.
4 | 1 financing |
NIS in Q4 2021 and in 2021
Downstream - Refining
Q4 2021
Refining of a new crude type, Johan Sverdrup, started.
Supervision inspection of the compliance of the factory controls of the road bitumen
production with the requirements of the reference standard EN 12591:2009 was successfully realized thus fulfilling the continuity of using CE mark for motor bitumen.
FY 2021
The highest annual refining volume in the last 12 years (3.9 million tons) was achieved.
Implementation of projects and measures to increase operational efficiency and reduce costs.
Start of production of Eurodiesel with biocomponent (Eurodiesel B7) and shipment of the first quantity to Romania.
Financial
Indicators:
Q4 2021:
CAPEX1: 0.8 bln RSD
EBITDA: 4.8 bln RSD
FY 2021:
CAPEX1: 3.2 bln RSD
EBITDA: 16.0 bln RSD
Within the third phase of modernization of the Pancevo Oil Refinery, in the first quarter of this year, activities began on the project Reconstruction of the FCC plant and construction of a new ETBE plant in accordance with the project phases, which continued during the year. Digitization projects and OMS standards were also continuously worked on.
5 | 1 financing |
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NIS AD Novi Sad published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 11:50:07 UTC.