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MOL GROUP 2030

April 2019

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10

COUNTRIES OF OPERATIONS

33

9.61.3

51 1,900447

260009000

30+<10

EMPLOYEE’S NATIONALITIES

SERVICE STATIONSPRODUCTION SITES

NO OF EMPLOYEESMARKET CAP USD BN

2000-2019: WE BECAME A REGIONAL CHAMPION...

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50% FLEXIBILITY50% SPEED100% MOL BUBI

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BIKESHARING IN BRATISLAVA

SLOVNAFT BAJK

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„BE THE FIRST CHOICE OF CUSTOMERS”

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MOL 2030

TRANSFORMING TO „BEYOND THE FUEL AGE”FOSSIL FUEL DOMINANCE TO DIMINISH BY 2030, BUT DEMAND STILL SUBSTANTIAL

Fossil fuel demand likely to decline by

2030, but will still remain reasonable

Alternative fuels and (petro)chemical

markets likely to grow substantially

Increasing demand for sustainable

plastics solutions in a circular economy

TRANSFORM…

ASSUMPTIONS

…FUEL TO CHEMICALS

Increase share of non-motor

fuel products

Extend the chemicals value

chain

Integration of plastics recycling

…RETAIL TO CONSUMER SERVICES

Become a true consumer goods

retailer and lead the revolution of

transportation in CEE

CHEMICALS

AIR TRANSPORT

TRUCKS

PASSENGER CARS

OIL-BASED FUEL

CONSUMPTION

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ASSET

PEOPLE

MARKET

REFINING

& MARKETING

CONSUMER

SERVICES

THE FUTURE WILL BE BUILT ON THREE PILLARS

PETROCHEMICALS &

CHEMICALS

CULTURAL CHANGE

“CUSTOMERS’ FIRST CHOICE IN REFINING, PETROCHEMICALS AND MOBILITY PRODUCTS

AND SERVICES IN THE WIDER CEE REGION”

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ASSET

PEOPLE

MARKET

REFINING

&

MARKETINGCONSUMER

SERVICES

THE FUTURE WILL BE BUILT ON THREE PILLARS

PETROCHEMICALS &

CHEMICALS

CULTURAL CHANGE

“CUSTOMERS’ FIRST CHOICE IN REFINING, PETROCHEMICALS AND MOBILITY PRODUCTS

AND SERVICES IN THE WIDER CEE REGION”

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SCALING UP MOBILITY SERVICESUSD 30MN INCREMENTAL MOBILITY EBITDA IN 2021 FROM 3 SOURCES

Note: In case of both Fleet management and car-sharing, HU is the main test market, however, once business model is proven, we will explore potential to enter other

markets (e.g., SK, RO, HR, etc.).

Build capabilities to manage

the future connected car

ecosystem (purchasing,

financing, operating and

maintaining vehicles, etc.)

Managed fleet of approx.

6,400 cars

(50%+ are external)

Fleet mgmt.

2021 targets

Strategic aim is to develop

only high performing

infrastructure

and be the leading provider

by 2030

First to ask for service fee in

HU

Increasing transactions by x5-

x6 and number of chargers by

x10 compared to 2018

Connect MOL brand and

shared cars in customers’

minds (building on MOL

brand reputation)

Start managing B2B contacts

600 cars in BUD (fully electric in

2020)

Rollout in 2-3 other cities

Car sharing

2021 targets

2021 targets

EV charging

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SUSTAINABLE: TRANSFORMING TO LOW CARBON WORLD

Sustainable Development Committee integral part of the Board of Directors

Minimize environmental footprint in line with climate change policy

Only Emerging European corporation member of the Dow Jones Sustainability Index

Strong sustainability scores across leading ESG research/rating providers

MOL 2030: transforming MOL to adapt to circular economy and a low carbon world

MOL footprint to decline driven by fuel to chemicals transformation

SD 2020: maintain international leading positions in sustainability performance with E&P, Downstream

targets

DELIVERING TODAY

TRANSFORMING FOR TOMORROW

MEMBER OF: RATED BY:

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PETROCHEMICALS IN MOL’S INTEGRATED DOWNSTREAM VALUE

CHAIN

(1) Considering steam cracker feedstock (naphtha & LPG) from Danube & Bratislava refineries only

(2) Considering 2015 production

MOL’S PETROCHEMICALS VALUE CHAIN

Refining Petchem 5 3 5 kT

2 8 5 kT

4 2 0 kT HDPE

LDPE

PP

3 5 0 kT Aromatics2

Internal feedstock1:

~1.5 Mt in 2015

Capacity

RELEVANT POLYOLEFIN CAPACITY IN EUROPE

(2015 KTPA)

source: MOL Group

1150

Sibur

Dow

Braskem

Chemopetrol

Versalis

Kazanorgsintez

Basell Orlen

ExxonMobil

MOL Group

Repsol

Total Petrochemicals

INEOS

SABIC Europe

Borealis

LyondellBasell

1 3 0 kT Butadiene SSBR4 0 k T

LDPE, HDPE, PP capacity

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EXTENDING OUR PORTFOLIO WITH NOVEL PRODUCTS

4.5 BN USD INVESTMENTS IN THE NEXT 5 YEARS

COMPOUNDING

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TRANSFORMING MOL TO ADAPT TO CIRCULAR ECONOMYPLASTICS RECYCLING: A GREAT OPPORTUNITY TO COMPLEMENT THE PETCHEM PRODUCT MIX

Rubber

bitumen

Renewables

Plastics

recycling

Solar power generation

at DS sites

Advanced biofuels: fats

and oil co-processing

Avoided emissions: biofuels,

semi-commodity petchem

products (polyol, maleic

anhydride), fuel & additives

(Adblue, XXL diesel)

Legislation and changing end-

user behavior provides an

opportunity in recycling

3-step approach to expand in

recycling:

Through strategic partnership

formed with APK (Germany) the

initial step was taken to enter

plastic recycling in 2018, pilot

plant to ramp-up in H1 2019

Internally developed

technology for utilizing used

tires in road construction

GHG

CIRCULAR ECONOMYAVOIDED EMISSIONS

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INCREASE SCALE AND VALUE VIA DIVERSIFICATION WITH FOCUS ON VALUE

ADDED SEGMENTS

FLEXIBILITY AND EFFICIENCY IN FOCUS FOR REFINING

MAXIMIZE PETCHEM FEEDSTOCK

& HIGH VALUE ADDED SPECIALITIES

REFINING

PETCHEM

REFINING TO SUPPORT PETCHEM EXPANSION…AND TO DELIVER SUPERIOR PERFORMANCE BY AN INTEGRATED VALUE CHAIN

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LOW-CARBON WORLD BACKED BY PROGRESSIVE ENERGY POLICY

CONSUMER CHOICES INCREASINGLY DRIVEN BY VALUES, CONSCIOUS OF ENVIRONMENTAL FOOTPRINT

INCREASED CONNECTIVITY AND RISE OF THE SHARING ECONOMY

FOSSIL FUELS AND TECHNOLOGY WILL NEED TO

SEARCH FOR MARKETS

CLIMATE CHANGE ANDAFFORDABLE RENEWABLE TECHNOLOGY

ALTERNATIVE FORMS OF FUELLING AND MOBILITY

ELECTRIFICATION AND DIGITALIZATION OF TRANSPORTATIONRISE OF SELF-DRIVING CARS

INCREASING URBANIZATION, LESS EMPHASIS ON CAR OWNERSHIP,

DECLINING DEMAND

...BUT CHANGE IS ALL AROUNDSIGNIFICANT CHANGES ARE AHEAD OF US BUT OIL REMAINS IN POWER FOR THE NEXT DECADE

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THANK YOU FOR YOUR ATTENTION