Capitals:

ORLEN Group's business model

ORLEN Group’s business model

Employment, by segment

SEGMENT Employment as at December 31st 2015
(active and inactive employees)
DOWNSTREAM 14, 394
RETAIL 1, 190
UPSTREAM 126
CORPORATE FUNCTIONS 4, 222
TOTAL 19, 932

We report our financial results by the following segments

DOWNSTREAM, PLNm 2015
Segment revenue, including: 69, 611
Sales to external customers 56, 987
Inter-segment sales 12, 624
Segment expenses (64, 963)
Net other income/(expenses) (40)
Share in net profit/(loss) of equity-accounted entities 253
LIFO-based operating profit/(loss) before amortisation/depreciation (LIFO-based EBITDA) and impairment losses1) 7, 776
LIFO-based operating profit/(loss) before amortisation/depreciation (LIFO-based EBITDA) 7, 640
Operating profit/(loss) before amortisation/depreciation (EBITDA) 6, 130
LIFOR-based operating profit/(loss) 6, 371
Operating profit/(loss) 4, 861
CAPEX 2, 242

1) Impairment losses on non-current assets of PLN (136)m recognised in 2015; largest items: impairment losses on non-current assets in the Unipetrol Group (PLN (111)m) and Baltic Power Sp. z o.o. (PLN (18)m).

Impairment losses on non-current assets of PLN (5,062)m recognised in 2014; largest items: impairment losses on non-current assets in ORLEN Lietuva (PLN (4,181)m), the Unipetrol Group (PLN (752)m), the Anwil Group (Spolana, PLN (64)m), and the Rafineria Jedlicze Group (PLN (42)m).

RETAIL, PLNm 2015
Segment revenue, including 31, 122
Sales to external customers 31, 052
Inter-segment sales 70
Segment expenses (29, 934)
Net other income/(expenses) (17)
Operating profit/(loss) before amortisation/depreciation (EBITDA) and impairment losses1) 1, 539
Operating profit/(loss) before amortisation/depreciation (EBITDA) 1, 539
Operating profit/(loss) 1, 171
CAPEX 448

1) Reversal of impairment losses on non-current assets of PLN 24m, recognised in 2014.

UPSTREAM, PLNm 2015
Segment revenue, including 215
Sales to external customers 215
Inter-segment sales 0
Segment expenses (347)
Net other income/(expenses) (849)
Operating profit/(loss) before amortisation/depreciation (EBITDA) and impairment losses1) 44
Operating profit/(loss) before amortisation/depreciation (EBITDA) (808)
Operating profit/(loss) (981)
CAPEX 288

1) Impairment losses on non-current assets of the ORLEN Upstream Group, recognised in 2015 and 2014 at PLN (852)m and PLN (322)m, respectively.

Strategy implementation by segment

  • Record-high LIFO-based EBITDA: PLN 7.8bn1)
  • Record-high oil throughput: 30.9m tonnes, and sales volume of 30.4m tonnes
  • 1 pp yoy increase in white products yield at the ORLEN Group, to 79%, and nearly 3pp yoy reduction of energy intensity ratio
  • Building new power generation capacities – Włocławek (463 MWe) and Płock (596 MWe) CCGT units
  • Contract for construction of a new polyethylene unit (PE3) in Litvínov
  • Bringing the Płock CHP plant into compliance with the emission standards applicable from 2016

1) Before impairment losses on non-current assets of PLN (136)m recognised following breakdown of the ethylene unit of PLN (93)m described above.

Retail:

  • Record-high EBITDA: PLN 1.5bn
  • Increase in sales of 3% yoy, including 4% in Poland and 10% in the Czech Republic
  • Launch of a pilot programme to test a new format of convenience stores at 10 service stations
  • 1, 404 Stop Cafe and Stop Cafe Bistro outlets in Poland: up by 154 yoy, 2 test stations with Stop Cafe 2.0, a new food service format
  • Acquisition of 68 service stations from OMV in the Czech Republic and 13 SUN service stations from Germania Petrol of Germany
  • Acquisition of production assets in Canada (Kicking Horse Energy) and Poland (FX Energy)
  • Growth of total oil and gas reserves (2P) to 97MMBOE
  • 2015 average output of 7.1 thousand boe/d

Sources of the ORLEN Group's competitive advantage

  • Strong position on large and promising growth markets
  • Strong and recognisable brand
  • Strong customer-oriented approach
  • Integrated value chain
  • Operational excellence
  • Sustainable growth of gas and oil production
  • Modern management culture

See also

ORLEN Group Downstream operationsOur operations in 2015

see more

ORLEN Group Retail operationsOur operations in 2015

see more

ORLEN Group Upstream operationsOur operations in 2015

see more

Address already added.
Address deleted from clipboard.
Thank you for sending the survey.
Server error.
Try again later.
Sending error.
Check if all survey fields are completed correctly.
:-(
Sorry, Your browser is not supported.

Please, update Your browser.

We kindly inform that on PKN ORLEN S.A.’s websites cookies are used.

Click in order to dismiss this information.

For more information, click [Privacy policy & cookies].

loader