UNIPETROL, a.s. (“Unipetrol”) hereby announces that in the text and the presentation attached to the regulatory announcement No. 8/2017 (“Unipetrol Group Strategy”) dated 14 March 2017 there occurred editorial errors as follows:
Text of the regulatory announcement:
Page no. 2, Table 3. Macroeconomic assumptions
- there is:
|
Macro factor
|
Unit
|
Average 2017-2018
|
|
Unipetrol model refining margin
|
USD/bbl
|
4.7
|
|
Unipetrol model combined petrochemical
margin
|
EUR/t
|
541
|
|
Brent crude oil price
|
USD/bbl
|
55
|
|
Brent/Ural differential
|
USD/bbl
|
2.2
|
|
CO2 emission allowances prices
|
EUR/t
|
6.5
|
|
Real GDP growth in Czech Republic
|
% vs previous year
|
2.3
|
|
CZK/USD exchange rate
|
CZK/USD
|
24.6
|
|
CZK/EUR exchange rate
|
CZK/EUR
|
27.1
|
|
Inflation
|
%
|
2.1%
|
- there should be:
|
Macro factor
|
Unit
|
Average 2017-2018
|
|
Unipetrol model refining margin
|
USD/bbl
|
2.3
|
|
Unipetrol model combined petrochemical
margin
|
EUR/t
|
686
|
|
Brent crude oil price
|
USD/bbl
|
55
|
|
Brent/Ural differential
|
USD/bbl
|
2.2
|
|
CO2 emission allowances prices
|
EUR/t
|
6.5
|
|
Real GDP growth in Czech Republic
|
% vs previous year
|
2.3
|
|
CZK/USD exchange rate
|
CZK/USD
|
24.6
|
|
CZK/EUR exchange rate
|
CZK/EUR
|
27.1
|
|
Inflation
|
%
|
2.1%
|
Presentation:
Page no. 29, Macroeconomic assumptions
- there is:
|
Macro
factor
|
Unit
|
Average
2014-2016
|
Average
2017-2018
|
|
Model refining margin of
Unipetrol
|
USD/bbl
|
6.4
|
4.8
|
|
Combined petrochemical
margin of Unipetrol
|
EUR/t
|
541
|
541
|
|
Brent prices
|
USD/bbl
|
65
|
55
|
|
Brent/Ural differential
|
USD/bbl
|
2.1
|
2.2
|
|
CO2 allowances prices
|
EUR/t CO2
|
6.4
|
6.5
|
|
Real GDP growth in Czech
Republic
|
% vs. previous year
|
2.5
|
2.3
|
|
Exchange rate: CZK/USD
|
|
23.2
|
24.6
|
|
Exchange rate: CZK/EUR
|
|
27.0
|
27.1
|
|
Inflation
|
%
|
1.0%
|
2.1%
|
- there should be:
|
Macro
factor
|
Unit
|
Average
2014-2016
|
Average
2017-2018
|
|
Model refining margin of
Unipetrol
|
USD/bbl
|
3.2
|
2.3
|
|
Combined petrochemical
margin of Unipetrol
|
EUR/t
|
774
|
686
|
|
Brent prices
|
USD/bbl
|
65
|
55
|
|
Brent/Ural differential
|
USD/bbl
|
2.1
|
2.2
|
|
CO2 allowances prices
|
EUR/t CO2
|
6.4
|
6.5
|
|
Real GDP growth in Czech
Republic
|
% vs. previous year
|
3.2
|
2.3
|
|
Exchange rate: CZK/USD
|
|
23.3
|
24.6
|
|
Exchange rate: CZK/EUR
|
|
27.3
|
27.1
|
|
Inflation
|
%
|
0.5%
|
2.1%
|
All other parts including the strategic objectives (EBITDA LIFO) remained unchanged.
The correct version of the Regulatory announcement No. 8/2017 dated 14 March 2017 (including adjusted attachments):
UNIPETROL Group Strategy
14-03-2017
UNIPETROL, a.s. (“Unipetrol”, “Company”) hereby informs that on 14 March 2017 Board of Directors and Supervisory Board of Unipetrol approved the document “Unipetrol Group Strategy” (“Strategy”).
Full text of the regulatory announcement with the attachment (presentation) can be found under following links:
In Prague, 14 March 2017
UNIPETROL, a.s.
Regulatory announcement No. 8/2017