INTEGRATED
REPORT
2019

About the ORLEN Group

GRI indicators:
Capitals:

The ORLEN Group is the largest corporation in Central and Eastern Europe, listed in prestigious global rankings such as Fortune Global 500 and Platts TOP250.

GRI:
  • 102-1
  • 102-7

The ORLEN Group has operations in six home markets: Poland, the Czech Republic, Germany, Lithuania, Slovakia, and Canada. It owns state-of-the-art integrated assets with an annual processing capacity of over 35 million tonnes of various types of crude oil, and markets its products through the region’s largest network of over 2,800 modern service stations. ORLEN’s offering includes over 50 top-quality petrochemical and refining products, which are sold in more than 110 countries across 6 continents. The Group is a major player on the Polish energy market and Poland’s largest industrial electricity producer, with a generation capacity of 1.8 GWe. The Group’s upstream assets include 2P oil and gas reserves estimated at 197.3 m boe at the end of 2019. For a number of years ORLEN has been recognised as the most valuable Polish brand, worth PLN 4.7bn. PKN ORLEN is also the region’s only company to be listed for the seventh consecutive time among The Most Ethical Companies by the US-based Ethisphere Institute.

ORLEN Group
Key figures

9.2
PLNbn
LIFO-BASED
EBITDA1
3.0
PLNbn
Record-high
EBITDA1 in Retail
43.3
m tonnes
Record-high
sales volume
9.3
PLNbn
Operating
cash flow
5.5
PLNbn
Capital expenditure2
33.9m tonnes / 96%
capacity utilisation
Record-high
oil throughput
1.5 PLNbn
(PLN 3.50 per share)
Dividend paid
6.3%
Financial leverage
2.4 PLNbn
Net debt

Upstream

Infografika-Orlen-2019 (S)-27 Infografika-Orlen-2019 (S)-27

Downstream

Infografika-Orlen-2019 (S)-28 Infografika-Orlen-2019 (S)-28

Retail

Infografika-Orlen-2019 (S)-29 (1) Infografika-Orlen-2019 (S)-29 (1)

Current status for June 2020

1) Before impairment of non-current assets of PLN 0.2bn.
2) Including the effect of IFRS 16.
3) Refineries in Płock, Trzebinia, Jedlicze, Mažeikiai, Kralupy and Litvínov.

Key events in 2019

FEBRUARY:

  • PKN ORLEN joins the Space3ac acceleration programme
  • PKN ORLEN is ranked among the world’s most ethical companies
  • PKN ORLEN is named ‘Top Employer’

MARCH:

SEPTEMBER:

  • PKN ORLEN Strategic Research Agenda
  • PGE and PKN ORLEN for the development of offshore wind energy generation in Poland
  • Construction of the ORLEN Group service stations in Slovakia
  • ORLEN Południe’s environmental investment projects
  • ANWIL signs a contract for the construction of auxiliary infrastructure for fertilizer units

OCTOBER:

NOVEMBER:

DECEMBER:

The most prominent awards and accolades received in 2019

Q1

  • The World's Most Ethical Company - For the sixth time, PKN ORLEN was awarded the prestigious ‘The World's Most Ethical Company’ title for the observance of ethics in daily corporate life and setting ethical leadership standards.
  • Bulls and Bears - Daniel Obajtek was named ‘CEO of the Year’ in the 25th edition of the ‘Bulls and Bears’ award for the PKN ORLEN stock performance and launching the acquisition of Lotos.
  • Top Employer Polska - For the eighth consecutive time, PKN ORLEN was awarded the ‘Top Employer Polska’ title as Poland’s leading employer.
  • Employer for Engineers - PKN ORLEN won a place among the most attractive employers for engineers.
  • Mastercard Trader of the Year 2019 - Czech subsidiary Benzina secured the first place in the ‘Service stations featuring convenience stores’ category.
  • Service Station of the Year 2019 - PKN ORLEN’s MOP Michałowice motorway service area by the expressway between Łódź and Wrocław was named ‘Service Station of the Year 2019’ in a poll organised by BROG B2B, the publisher of the Stacja Benzynowa & Convenience Store magazine.

Q2

  • ‘Poland’s 200 Largest Companies’ ranking - PKN ORLEN won the prestigious ‘Poland’s 200 Largest Companies’ ranking.
  • ‘Top 500 List’ by Rzeczpospolita - PKN ORLEN topped the 500 List, a ranking of the largest Polish companiescompiled by the Rzeczpospolita daily.
  • Distinction from the Lithuanian Business Confederation - Daniel Obajtek, CEO, received a distinction from the Lithuanian Business Confederation in recognition of his efforts to promote investing in the Lithuanian economy and building business relationships between Poland and Lithuania.
  • Techno Biznes - ORLEN Mobile application with the ORLEN Pay payment module won in the ‘Industry 4.0’ category of the ‘Techno Biznes’ competition organised by the Gazeta Bankowa monthly.
  • Responsible Companies Ranking - PKN ORLEN took its highest spot ever in the overall classification of the 13th Responsible Companies Ranking, securing the seventh place in the group of more than 70 companies that had qualified for expert evaluation. The Company also took the third place in the ‘Fuels, Energy and Hydrocarbon Production’ category.
  • Golden CSR Leaf - PKN ORLEN was awarded the Golden CSR Leaf for its corporate social responsibility performance and contribution to sustainable economic and social development.
  • Employer of the Year for 2019 - The Czech company Unipetrol ranked third among employers in the Czech Republic and first in the Ústí region in the category of companies with up to five thousand staff in the ‘Employer of the Year in the Czech Republic’ competition organised by Employers Club.

Q3

  • President Lech Kaczyński Prometheus - Award Daniel Obajtek was honoured with the President Lech Kaczyński Prometheus Award, established to recognise diplomatic initiatives aimed at integrating and developing countries lying between the Baltic, Black and Adriatic seas.
  • ICEBREAKERS 2019 - PKN ORLEN was distinguished in the ‘Healthy Company’ category of the ICEBREAKERS 2019 competition for its initiatives to support disabled persons and to promote protection of health.
  • COFACE BALTIC TOP50 - Lithuania’s ORLEN Lietuva topped the COFACE BALTIC TOP 50ranking.

Q4

  • The Best Annual Report - Once again, PKN ORLEN received the ‘The Best of the Best’ title for exemplary financial reporting in the 14th edition of ‘The Best Annual Report’ competition organised by the Institute of Accountancy and Taxes. The title is granted to companies which have won the top award in ‘The Best Annual Report’ competition at least three times. For the fifth time running, PKN ORLEN received second special award in the ‘Integrated Report’ category.
  • New Impulse - PKN ORLEN was granted the ‘Nowy Impuls’ award by the editorial team of the Nowy Przemysł business magazine and the wnp.pl website for its initiatives to improve energy security and independence. PKN ORLEN won appreciation for its investments in large, modern and efficient power generating units producing electricity and heat.
  • Polish Brand 2019 - PKN ORLEN received the ‘Polish Brand 2019’ certificate. The purpose of the ‘Made in Poland – I like that!’ competition is to promote Polish goods and services and to support Polish businesses that contribute to the growth of Poland’s economy.
    Safe Work Leader PKN ORLEN was awarded the ‘Gold Card of Safe Work Leader’. It is the highest national award for the members of the Safe Work Leaders’ Forum, given for special and effective efforts for work safety.
  • ‘Employer – Provider of Safe Work’ - At the regional stage of the ‘Employer – Provider of Safe Work’ competition organised by the National Labour Inspectorate, PKN ORLEN S.A. ranked second in the category of employers with a workforce of more than 250, while ORLEN Upstream ranked first in the category of employers with a workforce between 51 and 250 in the Province of Warsaw.
  • Health-Focused Employer - PKN ORLEN received the ‘Health-Focused Employer’ certificate. The ‘Health-Focused Employer’ programme is a part of the Ministry of Health’s campaign called ‘I plan to live a long life’, designed to promote health and prevention of cancer.
  • CSR Projects Ranking - The Grant Fund for Płock found a place among the best CSR projects in the past three decades in Poland.
  • Patron of Polish Athletics - PKN ORLEN was awarded the ‘Patron of Polish Athletics’ title in the ranking by the Polish Athletics Federation and the Przegląd Sportowy daily.
  • HeroesON - The ‘Golden HeroesON of the Public‘ award in the ‘Company’ category for projects pursued in 2018 to promote Polish history in the 20th century
  • The Legal 500 GC Powerlist: Central and Eastern Europe - Janusz Szurski, attorney, Head of the PKN ORLEN Legal Office, was selected for ‘The Legal 500 GC Powerlist: Central and Eastern Europe’ ranking of the best European corporate lawyers.

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