MOL Magyar Olaj (MOL) Investor presentation summary

Strategic direction and sustainability

• Focus on energy transition with increased low-carbon CAPEX, targeting 30-40% of total investments between 2025-2030 to accelerate decarbonization and diversification from fossil fuels.

• Raised 2030 GHG emission reduction target to 33% (like-for-like) and 25% in absolute terms, aiming for net climate neutrality by 2050.

• ESG performance recognized with sector-leading ratings, including MSCI AA for seven consecutive years and improved CDP scores.

• Sustainability KPIs, including GHG and safety metrics, integrated into management incentives from 2024.

• Renewable electricity consumption expected to reach up to 2,500 GWh per year by 2030, supporting green hydrogen and decarbonization needs.

Operational highlights and investments

• Clean CCS EBITDA for 2025 reached USD 3.4 bn, with strong contributions from refining and consumer services.

• Upstream production guidance for 2025 achieved at 94.7 mboepd, with stable CEE output and improved international asset performance.

• Total organic CAPEX for 2025-2030 projected at USD 11.6 bn, with strategic investments in downstream, consumer services, E&P, waste, and renewables.

• Major projects include the Rijeka refinery upgrade, Polyol project, and expansion of the Adria pipeline for crude diversification.

• Hydrogen development roadmap initiated, with pilot electrolyzer projects and plans for industrial scale-up.

Waste management and circular economy

• National waste management concession in Hungary covers 4.7 mn tons, optimizing operations and reducing landfill reliance.

• Investments of at least USD 0.5 bn by 2033 planned for new waste-to-energy plant, deposit refund system, and recycling infrastructure.

• Waste management expected to provide up to 1.5 mn tons of feedstock for energy and chemical production by 2030.

• Efficiency gains and regulatory changes drive improved recycling rates and reduced landfill use.