DELIVERY OF INVESTMENT PLANS

In 2020, ORLEN Group’s capital expenditure reached PLN 8,992 million, up PLN 3,535 million (64.8%) on the 2019 capex figure.

Over 35% was spent on the Refining segment, 21% on the Petrochemicals segment, 19% on Energy, 15% on Retail, and 4% on the Upstream segment.

Increase in non-current assets in 2020 [PLN million]

Capital expenditure by market [%]

Major investment projects carried out in 2020 by segment:

Refining – up by PLN 1,453 million, or 84.4% (y/y)

Construction of a visbreaker unit in Płock
Construction of a polypropylene glycol unit at ORLEN Południe

Petrochemicals – up by PLN 962 million, or 101.3% (y/y)

Completion of the main part of the polyethylene unit in the Czech Republic
Expansion of fertilizer production capacities at Anwil
Construction of new units under the Petrochemical Development Programme

Energy – up by PLN 1,404 million, or 441.5% (y/y)

Upgrade of the TG1 turbine generator set at the CHP plant in Płock
Generation and distribution projects at the ENERGA Group
Project to prepare construction of offshore wind farms in the Baltic Sea

Retail – down by PLN 62 million, or 4.5% (y/y)

A total of 51 new fuel stations were opened, 30 stations were closed down/partnership was discontinued, and 12 stations were upgraded
65 Stop Cafe/Star Connect outlets were opened (including convenience stores)

Upstream – down by PLN 232 million, or 36.7% (y/y)

Canada – PLN 254 million/ Poland – PLN 146 million

Assessment of project implementation

The ORLEN Group manages the structure of its capital expenditure in line with the developments in market situation, and focuses on the most effective investment projects. For a description of key projects planned for the following years, see section 'Market prospects in 2021' this Report.

The ORLEN Group’s financial condition is stable, with cash flows and available financing sources sufficient to implement the investment plans.

Summary of strategy implementation in 2020

Monitoring of strategy implementation