Investor Presentaiton
Q4 2023 CLEAN CCS EBITDA SLIGHTLY UP Q-O-Q
RESULTS HELPED BY RESILIENT UPSTREAM AND DOWNSTREAM PERFORMANCE AND CORE GROWTH IN CONSUMER
SERVICES
FINANCIALS
Clean CCS EBITDA decreased by 8% YoY and increased by 2% Q-o-Q to USD 992mn in Q4 2023, with 2023 FY operating CF
after WC surpassing USD 2.1bn
Upstream EBITDA excluding special items rose to USD 375mn in Q4 2023 due to a pick-up in production after Q3 hit by
temporary effects and lower royalty rates applicable in Hungary
Downstream Clean CCS EBITDA reached USD 456mn in Q4, translating to a 3% decrease q-o-q as a combination of a retreat
in refining margins, seasonally lower volumes, and a change in taxation
EBITDA of Consumer Services fell by 42% to USD 144mn in Q4, in line with seasonal effects
Profit before tax amounted to USD 466mn in Q4 2023, marking a 5% increase from USD 442mn in Q4 2022 mainly as a result
of lower impairments more than offsetting the effects of lower EBITDA
OPERATIONAL AND OTHER DEVELOPMENTS
► Geothermal potential furthered with 2 new licenses granted for MOL in Hungary
▸ Kazakhstan first gas reached in December with extension in production foreseen in H2 2024
► Moody's improved the outlook to positive from stable and affirmed MOL's investment grade credit rating at 'Baa3'
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