Full Year 2024 Orlen SA Earnings Call Transcript

Feb 27, 2025 / 10:59 AM GMT

Release Date Price: $15.79

Transcript

Key Points

Positve

Orlen SA (PSKOF) reported strong operational results for 2024, with an EBDIFO of almost 36 billion, supported by high-quality operational cash flow.
The company successfully diversified its funding sources, including a $1.25 billion bond issuance in the US dollar market.
Orlen SA (PSKOF) proposed a dividend of 6 per share, reflecting confidence in its financial standing and operational performance.
The energy segment delivered solid results, with significant contributions from distribution, heat production, and electricity production.
The upstream segment showed strong operational performance, with increased production volumes in Norway and no regulatory burdens impacting results.

Negative

The petrochemicals segment struggled due to a challenging macroeconomic environment, with no significant improvement in results despite strong sales volumes.
Refining margins decreased by 30% due to global normalization and increased supply from new refineries, impacting profitability.
The company faced a narrowing spread in gas trading, which could affect future profitability in this segment.
Orlen SA (PSKOF) experienced a significant negative impact from foreign exchange movements, affecting the retail segment's results.
The company anticipates continued challenges in the petrochemicals market, with no significant improvements expected in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PKN.WA - Orlen SA
Full Year 2024 Orlen SA Earnings Call
Feb 27, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon.

2 minutes past 12, so it is already afternoon.

My name is Jacob Frelich. You just dial in for the Orland Group Q4 2024, investor presentation.

Let me introduce to the speakers today, Magda Bartos, company CFO.

Myself, Jako Felli had the Var Konrad Bodark, Martin Phota, Tomaraliski, and we have, Shamakk Wansky who dialed in, offshore, let's put it that way.

Without further ado, we had a media meeting today in the morning.

Some of you, I believe, had the chance to see that.

We will review the presentation shortly with, some additions, with some more details in operations and financials, and then we'll give the floor smoothly to yourself for you to ask, questions.

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