ANNUAL REPORT 2022

1

PETROL VALUES

Respect:

We respect the fellow men and the environment.

Trust:

We build a partnership with fairness.

Excellence:

We want to be the best at everything we do.

Creativity:

We make progress with our ideas.

Courage:

We work diligently and bravely.

PETROL ANNUAL REPORT

ANNUAL REPORT

OF THE PETROL GROUP AND PETROL D.D.,

LJUBLJANA,

2022

Petrol, Slovenska energetska družba, d.d., Ljubljana

Dunajska cesta 50, 1000 Ljubljana

Registration number: 5025796000

Companies Register entry: District Court of Ljubljana, entry number: 1/05773/00

Share capital: EUR 52,240,977.04

VAT ID: SI80267432

Telephone: +386 (0)1 47 14 232

www.petrol.eu, https://www.petrol.si/

Published by: Petrol d.d., Ljubljana

Content and graphic design: SM Studio Marketing

Editing and production: SM Studio Marketing

May 2023

5

Pursuant to Regulation 2019/815 and the first paragraph of Article 134 of the Market in Financial Instruments Act (ZTFI-1), the Slove- nian version Annual Report of the Petrol Group and Petrol d.d., Ljubljana prepared in the ESEF format and published on the official SEOnet portal of the Ljubljana Stock Exchange is the official version. The Annual Report in the PDF format is the unofficial version.

PETROL ANNUAL REPORT

6

CONTENTS

INTRODUCTION

9

Business highlights of 2022

10

Letter from the President of the Management Board

12

Statement of the Management's Responsibility

18

Report of the Supervisory Board

19

The Petrol Group in its region

23

BUSINESS REPORT

25

Strategic Orientation

26

Plans for 2023

29

Corporate governance statement

31

Non-financial statement

47

Performance analysis of the Petrol Group 2022

66

Alternative performance measures

81

Events after the end of the accounting period

82

Risk management

83

Operations by product groups

92

Investments

109

Share and ownership structure

112

Internal Audit

118

Information technology

119

SUSTAINABLE DEVELOPMENT

123

Strategic orientations and goals for the sustainable development of the Petrol Group

124

Responsibility towards employees

127

Responsibility towards customers

134

Responsibility to the natural environment

141

Quality control

144

Social responsibility

146

THE PETROL GROUP

149

Companies in the Petrol Group

150

The parent company

151

Subsidiaries

153

Jointly Controlled Entities

160

Associates

161

FINANCIAL REPORT

163

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Disclaimer

PETROL dd published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 09:19:03 UTC.