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) | |||
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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 |
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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 |
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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
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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
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MOL 2030+: PROFITABLY TOWARDS NET-ZERO
ACCELERATED LOW-CARBON TRANSITION
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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
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* 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:
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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.