MOL GROUP

INVESTOR PRESENTATION

November 2023

MOL GROUP IN BRIEF

INTEGRATED CENTRAL EUROPEAN MID-CAP OIL & GAS COMPANY

CORE ACTIVITIES

UPSTREAM

DOWNSTREAM

CONSUMER

GAS

WASTE

SERVICES

Exploration

Petrochemicals

MIDSTREAM

MANAGEMENT

Retail

Production

Refining

Mobility

CLEAN CCS EBITDA BY SEGMENTS IN 2022 (USD MN)

UPSTREAM

DOWNSTREAM

CONSUMER

GAS

2,212

2,240

320

163

KEY FIGURES

CAPITAL MARKETS

BUSINESS / ASSETS

Market

Free float

Countries

~25,000

~90

Reserves

cap.

(Mmboe)

30+

USD 6.5bn

46%

Employees

Production

348

(mboepd)

INVESTMENT

USD3.7

380

Steam

~2,400

Retail

cracker

transactions

GRADE

Refinery

bn

capacity

Service

per day

Credit

capacity

Available

890 (ktpa)

stations 1,000,000+

rating

Liquidity

(kbpd)

2

MOL GROUP GEOGRAPHY

CEE-BASED INTEGRATED OPERATIONS AND INTERNATIONAL UPSTREAM

POLAND

SLOVAKIA

RUSSIA

CZECHREP.

KAZAKHSTAN

HUNGARY

AZERBAIJAN

HQ

SLOVENIA

IRAQ

PAKISTAN

CROATIA

ROMANIA

EGYPT

SYRIA

(IN FORCEMAJEURE)

BOSNIA

SERBIA

MONTENEGRO

UPSTREAM

DOWNSTREAM

CONSUMER SERVICES

3

AGENDA

THE MOL GROUP EQUITY STORY

5

SUPPORTING SLIDES

Q3 2023 RECAP (LINK TO Q2 2023 RESULTS)

DOWNSTREAM

12

CONSUMER SERVICES

31

EXPLORATION AND PRODUCTION

45

WASTE MANAGEMENT

54

FINANCIALS, GOVERNANCE AND OTHERS

61

4

THE MOL GROUP EQUITY STORY

DELIVER TODAY, SHAPE TOMORROW

MOL 2030+: unchanged direction however security of supply plays a key role in the current environment

ESG:

Climate: 30% reduction of Scope 1 and 2 emissions by 2030, net zero emissions by 2050

EU taxonomy aligned CAPEX: targeting 50% threshold by 2030

Downstream: increasing EBITDA to cover "fuel to chemicals" transformation

E&P: net zero by 2030, outstanding profitability funding the transformation

Consumer Services: further improving profitability, whilst becoming a digitally-driven consumer goods retailer and complex mobility service provider

Gas Midstream: stable, non-cyclical cash flows

Waste management: efficiency improvement and expansion in circular economy by boosting recycling in municipal waste management

Financials: fully funded investments (incl. transformation) and base dividend even against a ~50 USD/bbl oil price

environment

6

MOL 2030+: UNCHANGED DIRECTION, UNFOLDING TRANSITION

WHILST ALSO MAINTAINING SECURITY OF SUPPLY

We set the

We delivered

We need to

right strategy

on our interim

proceed with

in 2016

promises

the transition

STRATEGY 2030+

KEY DIRECTIONS UNCHANGED…

Downstream transformation: Fuel-to-chemicals conversion to reduce motor fuel yields and output

Consumer focus: to become a consumer goods retailer and mobility services provider

Upstream: a key pillar to fund the transformation

…WITH ADDITIONAL FOCUS ON

Transformation of the traditional oil & gas businesses

Sustainability/CO2 reduction targets

Investing in low-carbon, circular economy to become a key player in CEE

7

MOL 2030+: PROFITABLY TOWARDS NET-ZERO

ACCELERATED LOW-CARBON TRANSITION

8

ESG: CLIMATE/CO2 IN FOCUS, BUT ALL STAKEHOLDERS MATTER

AMBITIOUS TARGETS ON SUSTAINABLE INVESTMENTS

CLIMATE/CO2 TARGETS

OTHER STAKEHOLDER-RELATED TARGETS

Reducing group-level Scope 1+2 emissions by 30% by 2030

Downstream to

Consumer Services

Upstream to reach

reduce Scope 1+2 by

to reach net-zero

net-zero

20%

Climate neutrality by 2050

SUSTAINABLE INVESTMENTS

Increase share of EU Taxonomy aligned CAPEX to

at least 50% of total by 2030

and 100% by 2050 or earlier

Incorporating carbon trajectory and EU taxonomy-

alignment into investment decision processes

GHG to be included into management incentive schemes

CLIMATE &

ENVIRONMENT*

HEALTH &

SAFETY

PEOPLE &

COMMUNITIES

INTEGRITY &

TRANSPARENCY

New waste management and water reservation strategy

Zero fatality, TRIR below 1.0, eliminate significant API Tier 1 process safety events

Diversity & Inclusion: increase women participation at all levels, to 30% in managerial positions

Keep sustainable employee engagement level at min. 75%

50% of social investment on local communities

Annual ethics training for 100% of employees

Responsible procurement strategy until 2022

9

* In addition to the CO2 targets

GHG: DOWNSTREAM AND FUEL SALES BIGGEST CONTRIBUTORS

SCOPE 1+2 IS 11% OF MOL'S TOTAL GHG FOOTPRINT

TOTAL GHG EMISSIONS SCOPE 1, 2 AND 3

Scope 3 accounts for 89% of MOL Group's total GHG emission footprint

Downstream accounts for 85% of MOL's Scope 1 emissions, Upstream for 15%

Around 86% of all MOL Group Scope 1 falls under ETS (99% of DS under ETS)

Use of sold products (mainly diesel, gasoline) accounts for 95% of reported Scope 3

SCOPE 1

MOL GHG FOOTPRINT

SCOPE 3

(MN TONNES CO2eq)

(MN TONNES CO2eq)

(MN TONNES CO2eq)

REPORTING AND DISCLOSURE

Climate related disclosures produced in accordance with the core elements of the TCFD

Full Scope 3 emissions breakdown of all 15 categories in Annual Report

Calculation and reporting of GHG Emissions Scope 1, 2 and 3 consistent

2022:

6.65

0.08

0,97

1,10

1,20

Others

Upstream

Power/Heat Gen.

3,30

Petchem

Refining

66.0

Scope 3

Scope 2

Scope 1

58,8

6,6

0,6

58.8

0,6

0.7

2,0

4,0

51,6

Others

End-of-life Treatment of sold products

Purchased Goods & Services

Use of sold Products - Natural Gas

Use of sold Products - Refining

with the following standards:

10

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Disclaimer

MOL - Magyar Olaj- és Gázipari Rt. published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 09:16:56 UTC.