FINANCIAL RESULTS
- Record- high LIFO-based EBITDA1: PLN 8.7bn
LIFO-BASED EBITDA [PLNBN]
![LIFO-BASED EBITDA [PLNBN]](/images/infographs/ebitda_lifo_wykres_en.svg)
1) Before impairment losses on non-current assets.
LIFO-BASED EBITDA IN SEGMENTS [PLNBN]
![LIFO-BASED EBITDA IN SEGMENTS [PLNBN]](/images/infographs/ebitda_lifo_wykres_2_en.svg)
- Operating cash flows: PLN 5.4bn
Operating cash flows [PLNbn]
- Net debt and financial leverage: PLN 6.8bn and 28.1%
- Diversified sources of financing1 (gross debt)
1) Average maturity of the financing sources: Q4 2019
- Dividend per share (DPS)
- Financial ratings
Fitch – BBB –
Moody’s – Baa3 (positive outlook)
OPERATIONAL EFFICIENCY
- PKN ORLEN’s record-high oil throughput: 30.9m tonnes
- Sales volume: 30.4m tonnes1
1) Downstream sales volume
- White product yield: 79%
INVESTMENT PROJECTS
- Capital expenditure: PLN 3.2bn
* Excluding PLN 1.6bn spent on acquisition of upstream assets of Kicking Horse Energy and FX Energy
CAPITAL EXPENDITURE BY MARKET [%]
Key projects
- Building new power generation capacities: CCGT plants in Włocławek (463 MWe) and Płock (596 MWe)
- Acquisition of new production assets in Poland and Canada: FX Energy and Kicking Horse Energy
- Construction of new polyethylene unit (PE3) at Unipetrol, with annual production capacity of 270 000 tonnes
- Bringing the Płock CHP plant to compliance with the new emission standards applicable from 2016
- Launch of 56 service stations, modernization of 65 stations, and opening of 154 Stop Cafe and Stop Cafe Bistro outlets
