MOL Magyar Olaj (MOL) Investor Presentation summary

Company overview and strategic positioning

• Integrated oil and gas company with core activities in upstream, downstream, consumer services, gas, and waste management, operating in over 30 countries with a market cap of $6.5bn and 25,000 employees.

• Holds leading market positions in Central and Eastern Europe, being the top industrial firm in all core countries and a dominant player in both fuel wholesale and retail markets.

• Maintains investment grade credit ratings and robust liquidity, with a refinery capacity of 380 kbpd and over 2,400 service stations.

Sustainability and ESG commitments

• Achieved sector-leading ESG ratings, including AA from MSCI and Gold from EcoVadis, with strong ESG risk management.

• Raised 2030 GHG emission reduction target to 33% (like-for-like) and 25% in absolute terms from 2019 levels, aiming for net climate neutrality by 2050.

• Targets 30-40% of total CAPEX for low-carbon projects between 2025-2030, with renewable electricity consumption expected to reach 2,500 GWh per year by 2030.

• Introduced GHG and safety KPIs into management incentives from 2024.

Downstream and circular economy initiatives

• Long-term vision to become a sustainable chemicals company, focusing on high efficiency, renewable energy, and integrated circular economy.

• Key projects include the $1.5bn Polyol project and Rijeka refinery upgrade, both enhancing value chain and product portfolio.

• Waste management concession in Hungary covers 4.7mn tons, aiming to provide up to 1.5mn tons of feedstock for the energy industry by 2030.

• Investments in chemical recycling, biogas, green hydrogen, and energy efficiency to drive decarbonization.