Investor Presentaiton
Refining and marketing incl. Consumer
services and Retail
Main financial indicators
Both total retail sales as well as CCS EBITDA increased compared to 9M 2020 (47% and 60% respectively) supported by visible trend of market
recovery, expanded offering and improved tourist consumption in Croatia
286
21,420
2018
556
21,530
639
14,153
517
10,809
2019
2020
9M 2020
Total Revenues (HRK mn)
CCS EBITDA ex. sp. items (HRK mn)
Capital investments amounted to HRK 446mn in Refining and
Marketing and HRK 68mn in Consumer Services and Retail in 2021
1,336
1,070
748
514
429
828
15,856
9M 2021
Ongoing strong investment cycle affecting the Simplified Free
Cash Flow
(784)
(780)
2018
2019
2020
■CAPEX (HRK mn)
9M 2020
9M 2021
2018
2019
Source: Company reports
Note: *Simplified FCF = CCS EBITDA excl. special items - CAPEX
314
88
(109)
9M 2020
9M 2021
2020
Simplified Free Cash Flow (HRK mn)*
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