INVESTOR RELATIONS
Macro data
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| Macroeconomic data – average: 2023 | unit | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | FY |
| Brent crude oil price | USD/bbl | 82.8 | 82.5 | 78.6 | 84.9 | 75.6 | 74.7 | 80.1 | 86.2 | 94.0 | 91.0 | 83.2 | 77.9 | 82.6 |
| Model refining margin (1) | USD/bbl | 21.9 | 14.8 | 18.0 | 11.7 | 12.5 | 16.6 | 17.9 | 25.4 | 22.1 | 13.8 | 14.6 | 13.3 | 17.0 |
| Differential (2) | USD/bbl | 6.3 | 5.5 | 3.7 | 2.7 | 1.9 | 1.3 | -0.5 | -0.8 | -1.6 | -2.8 | -2.0 | -1.2 | 0.7 |
| Model petrochemical margin (3) | EUR/t | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Natural gas price TTF month-ahead | PLN/MWh | 296 | 249 | 207 | 194 | 142 | 145 | 131 | 156 | 169 | 211 | 201 | 157 | 188 |
| Natural gas price TGEgasDA | PLN/MWh | 314 | 275 | 227 | 211 | 156 | 153 | 151 | 176 | 181 | 207 | 208 | 170 | 202 |
| Electricity price TGeBase | PLN/MWh | 637 | 662 | 563 | 566 | 483 | 533 | 522 | 482 | 508 | 425 | 441 | 336 | 512 |
| USD / PLN (4) | PLN | 4.36 | 4.43 | 4.38 | 4.23 | 4.18 | 4.12 | 4.02 | 4.09 | 4.30 | 4.27 | 4.07 | 3.97 | 4.20 |
| EUR / PLN (4) | PLN | 4.70 | 4.74 | 4.69 | 4.64 | 4.53 | 4.46 | 4.44 | 4.46 | 4.60 | 4.51 | 4.40 | 4.33 | 4.54 |
| Macroeconomic data – average: 2023 | unit | 1Q | 2Q | 3Q | 4Q | FY |
| Brent crude oil price | USD/bbl | 81.2 | 78.1 | 86.7 | 84.3 | 82.6 |
| Model refining margin (1) | USD/bbl |
18.3 | 13.8 | 21.9 | 13.9 | 17.0 |
| Differential (2) | USD/bbl |
5.1 | 1.8 | -1.0 | -2.0 | 0.7 |
| Model petrochemical margin (3) | EUR/t | - | - | - | - | - |
| Natural gas price TTF month-ahead | PLN/MWh | 249 | 158 | 152 | 191 | 188 |
| Natural gas price TGEgasDA | PLN/MWh | 272 | 173 | 169 | 196 | 202 |
| Electricity price TGeBase | PLN/MWh | 619 | 527 | 504 | 400 | 512 |
| USD / PLN (4) | PLN | 4.39 | 4.17 | 4.14 | 4.11 | 4.20 |
| EUR / PLN (4) | PLN | 4.71 | 4.54 | 4.50 | 4.42 | 4.54 |
(1) Model refining margin = revenues (33% Gasoline + 48% Diesel + 13% HHO) – costs (98% Brent crude oil + 2% Natural gas). Spot quotations.
(2) Differential calculated on the real share of processed crude oils. Spot quotations.
(3) Model petrochemical margin = temporarily put on hold due to formula update.
(4) Average foreign exchange rates according to the National Bank of Poland.