The main highlight of the Group activity for 2018 was the achievement of new production records in all business segments - refining, retail and trading. The key operational drivers for these records were the increase in the processed volumes of raw materials and in the production of finished goods, as well as a significant increase in sales of petroleum products in Romania and in the region.
The achievement of these operational record results was based on the implementation of internal programs aimed at the progressive development and further diversification of the business.
In 2019, the Group intends to start the implementation project for the construction of a cogeneration plant in the Petromidia refinery, as well as expanding its retail network of filling stations in Romania. These infrastructure projects aim at improving the financial and operational sustainability of the Group and will be implemented within the framework of the Kazakh-Romanian Fund.In medium term, we intend to double the net profit indicator, to continue implementing KazMunayGas shareholder’s strategy for expanding its presence on the international market.
|Feedstock processed*||4.53 Mln/T||4.58 Mln/T||5.54 Mln/T||5.45 Mln/T||5.95 Mln/T||6.23 Mln/T||6.53 Mln/T|
|Refined products output*||4.40 Mln/T||4.46 Mln/T||5.40 Mln/T||5.32 Mln/T||5.77 Mln/T||6.07 Mln/T||6.38 Mln/T|
|Petromidia Refinery run-rate||11.1Kt||12.7Kt||13.8 Kt||15.2 Kt||15.8 Kt||16.8 Kt||17.3 Kt|
|Petromidia Refinery Energy Intensity Index||114.9%||102.8%||99.9%||98.6%||97.9%||99.9 %||96.1 %|
|Trading Entities Market Sales||5.4 Mln/T||6.7 Mln/T||9.43 Mln/T||9.7 Mln/T||10.5 Mln/T||13.4 Mln/T||16.2 Mln/T|
|Retail Entities Sales||2.1 Mln/T||2.3 Mln/T||2.5 Mln/T||2.6 Mln/T||3.0 Mln/T||3.2 Mln/T||3.3 Mln/T|
* Production Units of KMGI in Romania: Petromidia refinery, petrochemical division; Vega refinery.
Consolidated EBITDA & Net Result in 2012 excluding an one-off positive effect corresponding to an historical fuel tax FSPP (Special Oil Products Fund) adjustment (one-off positive effect of 50 million $ in EBITDA and 52 million $ in Net Result excluded from the financial accounting EBITDA of +129m$ and Net Result of -156m$);
**From Management Accounting Perspective, after allowing for exceptional items and current cost of supply adjustments, 2016 EBITDA Performance of KMG International was at the level of 239m$ (with a Net Profit of 77m$);
**From Management Accounting Perspective, after allowing for exceptional items and current cost of supply adjustments, 2017 EBITDA Performance of KMG International was at the level of 262m$ (with a Net Profit of 91m$);
**Figures for 2018 are unaudited. From Management Accounting Perspective, after allowing for exceptional items and current cost of supply adjustments, 2018 EBITDA Performance of KMG International was at the level of 250m$ (with a Net Profit of 86m$);
History of our sustainable growth
KMG International is one of the biggest contributors to the Romanian state budget and Romania’s main exporters.