Slide 1: INA Group 2012 Q1-Q3 results
INA Group 2012 Q1-Q3 results INDUSTRIJANAFTE, d.d.
Slide 2: Market challenges pushing INA to higher standards to secure leading regional position
Market challenges pushing INA to higher standards to secure leading regional position INA Group generated healthy profits despite missing HRK ~300 mn monthly revenues from Syria Total EBITDA of INA Group* HRK millions Challenges: hard crisis impacting badly regional First nine months results 5,726 d
Slide 3: Results at a glance
Results at a glance Average daily hydrocarbon production thboe/d HRK mn Q1-Q3 2011 Q1-Q3 2012 % 64.7 75.5 50.6 -33% Net sales revenues 22,727 22,620 (0) EBITDA reported 5,261 3,691 (30) EBITDA excl. special items 5,420 3,954 (27) Operating profit reported 2,892 1,522 (47) Operating profit excl. spec
Slide 4: Efficiency programs initiated in 2010 support operations across all businesses and functions
Efficiency programs initiated in 2010 support operations across all businesses and functions Efficiency improvement by area of operation Efficiency improvement by type 11% 21% 26% E&P 18% R&M Cost savings Retail Revenue increase Corporate 8% Subsidiaries 74% 42% Cost reduction initiatives delivered
Slide 5: Strong improvement of INA Group's financial positions over the past two-three years
Consolidated financial standing Strong improvement of INA Group’s financial positions over the past two-three years set the base for putting the Group on a long-term sustainable development path ▪ No overdue liabilities towards tax office, MOL or any suppliers ▪ Improved liquidity, allowing for stro
Slide 6: Major investments initiated supporting further development of INA
Major investments initiated supporting further development of INA: value creating investments in all business segments, also in the benefit of Croatian stakeholders and economy Investment programs in 2012 strongly focusing on development of the Croatian economy Exploration & Production Refining & Ma
Slide 7: Disclaimer
Disclaimer ▪ This presentation and the associated slides and discussion contain forward-looking statements. These statements are naturally subject to uncertainty and changes in circumstances. Those forward-looking statements may include, but are not limited to, those regarding capital employed, capi