Half Year 2023 Orlen SA Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to the conference call regarding second quarter 2023 consolidated financial results of the ORLEN Group. My name is Konrad Wlodarczyk. I'm Head of IR Department, and I will moderate this call. This presentation will be delivered by me, Michal Perlik, Executive Director for Finance Management and Martin [Teodor] Deputy IR Director. After the presentation, we will open a Q&A session. The whole meeting as usual, will be recorded, and the recording will be available on the web page. During the presentation, as you see, your microphones are switched off.
So let's start from the key facts of last quarter. Slide #3, PLN 75 billion of revenues, PLN 8.7 billion EBITDA LIFO, PLN 6.4 billion of record high dividend, PLN 12.6 billion net cash, CapEx, PLN 7.3 billion, covenant net debt to EBITDA minus 0.25x, so this is in a natural financial strength of ORLEN growth. I just [peek at] future from this slide, and I think it's worth to on the line, first of all, conditional investment decision regarding 1.2 gigawatt
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