ORLEN Spó?ka Akcyjna

PKN

PLPKN0000018

Oil & Gas Refining and Marketing

Market Closed - Warsaw S.E. Other stock markets 17:07:21 21/06/2024 BST			5-day change	1st Jan Change
65.48 ^PLN	-0.41%		+3.20%	-0.03%

06-21	Aker BP-led Partnership Secures Carbon Dioxide Storage License in Norway	MT
06-19	Orlen to Develop Technology Utilising Co2 from Technological Process	CI

ORLEN Spó?ka Akcyjna : CEO introduction

May 24, 2024 at 09:42 am

ORLEN Group consolidated financial results Q1 2024

Introduction

We accelerate.

Warsaw, May 22nd 2024

Accelerating the pace of energy transition and active role of Poland

Newly installed generation capacities in EU27+3 countries, GW

Europe's renewable capacity additions in 2023, Top5, GW

70
60
50
40
30
20
10	2023	2030	2021	2023	2030
2021
0	Solar power			Wind power

16
10				10
8				8
6				6
4				4
2				2
DE	ES	PL	IT	NL
0				0

Solar power

Onshore wind power

Source: S&P Global Commodity Insights EU27+3: EU, UK, Norway, and Switzerland

Source: Wind Europe, ENTSO-E

ORLEN Group consolidated financial results Q1 2024

Strategic goals of ORLEN Group and progress towards their achievement

Industry

Transport

Energy

Share of advanced	Biogas production	Annual renewable	Emissions captured
petrochemicals in the portfolio			hydorgen production	annually
2030	25%	2030	1 000m m3	2030	>130 kt	2030	~3 mtCO2

2023	~17%	2023	16m m3	2023	0 kt	2023	0 mtCO2

Fuel stations			EV charging points			Annual biofuels	Annual synthetic
			in Central Europe			production		fuel production
2030	3,5k	2030	>10k	2030	>3 mt	2030	>70 kt

2023	3,2k	2023	1,4k	2023	0,3 mt	2023	0 kt

Renewables			CCGT capacities		SMR
2030	>9,0 GW	2030	~4,0 GW	2030	300 MW

2023	0,9 GW	2023	2,0 GW	2023	0 MW

ORLEN Group consolidated financial results Q1 2024

Conditions underlying ORLEN Group's transition

Ambitions	Goals	Directions
Central Europe's	Uphold decarbonisation	Pursuit of projects
leader in energy	targets for transport and	creating value
transition	industry

Road map	Business models	Partnership opportunities
Rationalisation of	Validation of	Seeking prospective
strategic plans	business models	partnerships for strategic
		investment projects

ORLEN Group consolidated financial results Q1 2024

ORLEN's management	Shareholder value creation
objectives for 2024

		•	Strategy revision
Prudent growth		•	Exploring potential partnerships
		•	Dividend



Business efficiency		•	Effective delivery of investment plans
	•	Prioritising the most promising projects
		•	Effectively unlocked synergies

Corporate governance		•	Superior ESG standards
	•	Reorganisation and review of procedures
		•	Integration of safety standards

ORLEN Group consolidated financial results Q1 2024

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Disclaimer

Orlen SA published this content on 24 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2024 08:41:16 UTC.

Latest news about ORLEN Spó?ka Akcyjna

Aker BP-led Partnership Secures Carbon Dioxide Storage License in Norway	06-21	MT
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Gazprom fights 17 bln euros of legal claims from European companies	06-19	RE
Orlen S.A. Announces Board Appointments	06-13	CI
The duo atop the biggest and most contentious US LNG exporter	06-11	RE
US orders Venture Global LNG to provide customers documents about problems	06-10	RE
Polish legislators ask court to detain former Orlen CEO after missed cash-for-visas testimony	06-05	RE
Transcript : Orlen S.A., Q1 2024 Earnings Call, May 23, 2024	05-23
Orlen Q1 profit falls 70% on windfall tax, weaker refining	05-22	RE
Orlen Q1 profit falls 70% on windfall tax, misses expectations	05-22	RE
Orlen S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-22	CI
Orlen Announces Management Changes	05-15	CI
Federal regulators sign off Venture Global's repairs at Louisiana plant	05-14	RE
Poland hunts for $330 mln of Orlen payments for Venezuela oil, sources say	05-14	RE
Orlen's Swiss Unit Faces Poland's Inquiry Into Cash Losses	05-01	MT
Poland probing alleged links between Orlen unit's ex-CEO and 'terrorist organisations', prosecutor says	04-30	RE
Poland's Tusk calls prosecutor over potential Orlen scandal	04-29	RE
Orlen S.A. Recommends Dividend Payment for the Year 2023	04-26	CI
Orlen Calls Off Orders for Oil, Refined Products from Venezuela	04-24	MT
Orlen Files Complaint in Poland Against Intermediaries for Swiss Oil Trading Deals	04-23	MT
Polish Oil Refiner Orlen Seeks Prosecutors' Help in Investigating Misconducts of Former Officials	04-23	MT
Polish refiner Orlen wants former management probed, radio report says	04-22	RE
Orlen to Build 130 MW Solar Power Farm in Lower Silesia Region	04-17	CI
Orlen S.A. Announces Board Changes	04-17	CI
Poland Minister Calls For Probe into Orlen Over 'Extreme Irresponsibility' in Oil Deal	04-12	MT

ORLEN Spó?ka Akcyjna (formerly Polski Koncern Naftowy ORLEN Spó?ka Akcyjna) specializes in refining and distribution of oil products. Net sales break down by activity as follows: - crude oil refining (47.4%); - distribution of petroleum products (23.5%): medium distillates (54.3% of net sales), light distillates (37.6%) and other (8.1%); - production and distribution of electricity (9.7%); - natural gas distribution (9.3%); - manufacture of petrochemical products (8.8%); - exploration for and extraction of mineral resources (1%); - other (0.3%). Net sales are distributed geographically as follows: Poland (58.8%), Czech Republic (10.8%), Germany (9.1%), Lithuania/Latvia/Estonia (6.3%) and other (15%).

Sector

Oil & Gas Refining and Marketing

Calendar

25/06/2024 - Shareholders Meeting

Related indices

STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

More financial data

Ratings for ORLEN Spó?ka Akcyjna

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

65.48 PLN

Average target price

78.94 PLN

Spread / Average Target

+20.55%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Petroleum Refining