DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
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MOL Plc. Annual General Meeting 2013 Documents<br />
► Operating cash flow increased by 22% YoY and amounted to HUF 454bn, partly driven by a lower<br />
working capital outflow of HUF 35bn versus HUF 182bn in 2011. Operating cash flow before changes<br />
in working capital decreased by 9% to HUF 551bn mainly due to lack of cash inflow from Syria.<br />
► Net debt decreased to HUF 743bn in 2012 from HUF 871bn in 2011, driven by the stronger<br />
Hungarian forint and MOL Group cash flow generation. The net gearing ratio stood at 24.8% as of 31 st<br />
December 2012, versus 28.0% at the end of 2011.<br />
Key financial data by business segment<br />
Net sales revenues 2012 2011 2012 2011<br />
(HUF mn) (HUF mn) (USD mn) 5 (USD mn) 5<br />
Upstream 779,080 795,305 3,456 3,959<br />
Downstream 4,811,224 4,564,311 21,345 22,719<br />
Gas Midstream 462,924 430,184 2,054 2,141<br />
Corporate and other 158,535 164,998 703 821<br />
Total 6,211,763 5,954,798 27,558 29,640<br />
Net external sales revenues 1 2012 2011 2012 2011<br />
(HUF mn) (HUF mn) (USD mn) 5 (USD mn) 5<br />
Upstream 270,104 358,800 1,198 1,786<br />
Downstream 4,793,031 4,547,765 21,264 22,637<br />
Gas Midstream 422,590 397,715 1,875 1,979<br />
Corporate and other 36,591 38,954 162 194<br />
Total 5,522,316 5,343,234 24,449 26,596<br />
EBITDA 2012 2011 2012 2011<br />
(HUF mn) (HUF mn) (USD mn) 5 (USD mn) 5<br />
Upstream 402,381 475,893 1,786 2,369<br />
Downstream 140,019 85,789 621 427<br />
Gas Midstream 58,072 81,844 258 407<br />
Corporate and other (41,480) (26,772) (184) (133)<br />
Inter-segment transfers 2 (19,005) (13,732) (84) (68)<br />
Total 539,987 603,022 2,397 3,002<br />
EBITDA excl. special items 3 2012 2011 2012 2011<br />
(HUF mn) (HUF mn) (USD mn) 5 (USD mn) 5<br />
Upstream 417,421 483,624 1,852 2,407<br />
Downstream 168,948 118,670 750 591<br />
Clean CCS-based R&M EBITDA 3,4 167,625 81,535 744 406<br />
Gas Midstream 58,367 85,992 259 428<br />
Corporate and other (38,523) (29,462) (171) (147)<br />
Inter-segment transfers 2 (19,005) (13,732) (84) (68)<br />
Total 587,208 645,092 2,606 3,211<br />
Clean CCS-based EBITDA 3,4 573,308 615,092 2,545 3,063<br />
Operating profits 2012 2011 2012 2011<br />
(HUF mn) (HUF mn) (USD mn) 5 (USD mn) 5<br />
Upstream 255,748 321,639 1,135 1,601<br />
Downstream 2,315 (74,230) 10 (369)<br />
Gas Midstream 35,760 61,905 159 308<br />
Corporate and other (56,517) (44,510) (251) (222)<br />
Inter-segment transfers 2 (16,885) (11,622) (75) (58)<br />
Total 220,421 253,182 978 1,260<br />
Operating profits excl. special items 3 2012 2011 2012 2011<br />
(HUF mn) (HUF mn) (USD mn) 5 (USD mn) 5<br />
Upstream 281,704 330,140 1,250 1,643<br />
Downstream 37,855 (463) 168 (2)<br />
Gas Midstream 36,055 66,053 160 329<br />
Corporate and other (53,560) (47,200) (238) (235)<br />
Inter-segment transfers 2 (16,885) (11,622) (75) (58)<br />
Total 285,169 336,908 1,265 1,677<br />
Notes and special items listed in Appendix I and II.<br />
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