Investor Presentaiton
Exploration and Production
Main financial indicators
Price recovery driving the increase of revenues and EBITDA with revenues increasing by almost HRK 1bn during the 9M period in 2021 compared to
the same period last year, while EBITDA reaching figures north of HRK 1.5bn
4,187
3,287
2018
3,745
2,356
2019
2,188
1,013
1,642
707
2020
9M 2020
Total revenue (HRK mn)
EBITDA (HRK mn)
Higher CAPEX level compared to 9M 2020 mainly as result of
higher Egypt exploration and development activities
687
649
442
357
283
2,588
1,563
9M 2021
Simplified Free Cash Flow improving with the EBITDA growth
2,365
1,669
571
424
2020
9M 2020
■Simplified Free Cash Flow (HRK mn)*
2018
2019
2020
■CAPEX (HRK mn)
9M 2020
9M 2021
2018
2019
Source: Company reports
Note: *Simplified FCF = CCS EBITDA excl. special items - CAPEX
1,206
9M 2021
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