Grupa LOTOS S.A. Raport Roczny 2011

Grupa LOTOS S.A. - Integrated Annual Report 2011
LOTOS Annual Report 2011 / Home / Useful information / Important events calendar 2011
Important events calendar 2011
Information on most important events which took place during the reporting
period at the LOTOS Group.
2011 2012
Jan 5th
Jan 15th
Grupa LOTOS was awarded the title of the “2010
Patron of Sports in the Province of Gdańsk” by the
Gazeta Wyborcza daily.
LOTOS Czechowice received the Platinum Laurel of
Skills and Competence “Socially Responsible
Business”.
Jan 12th
Jan 17th
Grupa LOTOS signed a PLN 1.7bn contract for
supplies of fuel to BP in Poland in 2011.
Jan 19th
At Grupa LOTOS’ Gdańsk refinery, a Mild
Hydrocrack ing (MHC) unit was launched. It is the last
but one unit constructed under the 10+ Programme.
According to the Moto Scan 2010 survey, the LOTOS
brand is a leader of the Polish engine oil market, with
a market share of 28.3%.
Jan 25th
Grupa LOTOS was included in the second edition
RESPECT Index of the Warsaw Stock Exchange.
Jan 20th
Following the APA 2010 licensing round awards,
LOTOS Exploration & Production Norge AS was
granted the operator status with respect to, and a
25% interest in, the PL503B licence located in the
southern part of the North Sea.
Jan 27th
Jan 31st
In Warsaw, Grupa LOTOS presented its sales
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LOTOS Kolej received a distinction in the “2011
Forbes’ Diamonds” ranking of companies with annual
revenues exceeding PLN 250m. LOTOS Kolej came
fifth in the ranking of companies from the Province of
Gdańsk.
Jan 31st
In Warsaw, Grupa LOTOS presented its sales
strategy until 2015 – Supply, Trading and
Optimatization (STO). Grupa LOTOS will focus
primarily on the effective management of increased oil
and product streams, anticipated on the completion of
the 10+ Programme, diversification of feedstock
sources and projects designed to optimally exploit the
flexibility of the modernised refinery. Additionally, the
trading unit will attempt to optimise the valuation and
use of feedstock reserves held (delivery to the refinery,
sale and barter transactions) and to reach more
remote markets for petroleum products, characterised
by more attractive demand and price structures.
Jan 31st
LOTOS Asfalt received a distinction in the “2011
Forbes’ Diamonds” ranking of companies with annual
revenues exceeding PLN 250m. LOTOS Asfalt came
eighth in the ranking of companies from the Province
of Gdańsk.
Feb 3rd
LOTOS Parafiny received a distinction in the “2011
Forbes’ Diamonds”, coming 23rd on the Rzeszów
Province’s list of middle-sized enterprises with
revenues of PLN 50-250m.
Feb 3rd
Through its subsidiary - LOTOS Petrobaltic, Grupa
LOTOS acquired a 100% interest in AB Geonafta,
which produces crude oil in the territory of Lithuania.
Feb 4th
Grupa LOTOS received the title of the Gdynia Sport
Partner 2010.
Feb 8th
LOTOS Parafiny won the “2011 Business Cheetah”
title in the Province of Rzeszów, in the “Market value
increase and dynamic growth” category.
Feb 11th
Grupa LOTOS won the first place in the “Investor
relations” category of the annual ranking “Listed
Company of the Year”, and the fifth place in the
“Listed Company of the Year” ranking prepared by the
Pentor Institute for the Puls Biznesu weekly.
Feb 25th
Grupa LOTOS is among the leaders of the BI-NGO
2010 Index. The index focuses on the quality of
internet communications related to social commitment
of the 500 largest Polish companies, as listed by the
Rzeczpospolita daily.
Feb 25th
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LOTOS Kolej purchased three more electric
locomotives Bombardier TRAXX MS. The company
has the largest fleet of modern locomotives in Poland.
Mar 1st
LOTOS Petrobaltic’s ship “Aphrodite I” played an
important part in the rescue of the crew of the fishing
boat "Wła-97" in the Baltic Sea.
Mar 3rd
The LOTOS brand received a Business Superbrand
distinction from The Superbrands Ltd.
Mar 7th
According to a report published by Polska
Organizacja Przemysłu i Handlu Naftowego (Polish
Organisation of Oil Industry and Trade), Grupa
LOTOS’ share in the domestic fuel market stood at
31.3% in 2010. This means a 3.1 pp increase year on
year. The Company’s strategy for 2011–2015
assumes a 30% share in the market.
LOTOS Kolej opened a new railway dispatching office
in Wrocław.
Mar 30th
Mar 28th
Aliten – a modern open gearing lubricant
manufactured by LOTOS Oil – received an award in
the “2010 Product of the Year” competition.
Prime Ministers Donald Tusk honoured with his
presence the gala event at the Gdańsk refinery of
Grupa LOTOS organized to celebrate the completion
of the 10+ Programme – the biggest Polish investment
project in the last 20 years. Next to the new Crude
and Vacuum Distillation Unit (CDU/VDU), a press
briefing was held with representatives of Polish
television networks TVP, TVN and Polsat, and a
several dozen journalists as well as the management
of Grupa LOTOS and persons in charge of the 10+
Programme.
Mar 31st
At Grupa LOTOS’ Gdańsk refinery, a Residiuum Oil
Supercritical Extraction (ROSE) unit was launched. It
is the last unit constructed under the 10+ Programme.
Apr 20th
The fourth issue of the bonus Navigator programme
started. As part of the programme, customers collect
credits redeemable for prizes at over 250 LOTOS
service stations all over the Poland.
Apr 20th
The LOTOS Group came fifth in the 2010 “500 List”,
having advanced four places relative to 2009. The
ranking, prepared by the Rzeczpospolita daily, lists
the largest companies in Poland.
Apr 20th-22nd
Following replacement of leg shock absorbers and
overhaul of the main crane, the Petrobaltic drilling
platform left Port Północny in Gdańsk and was towed
to the B3 field. The B3 field is located around 70 km
north off Cape Rozewie. LOTOS Petrobaltic produces
about 4,000 barrels of crude oil daily from the field.
May 11th
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May 11th
In 2011, during the 18th edition of the “Petrol Station”
International Trade Fair, LOTOS Paliwa presented the
concept of a new economy service station chain
branded LOTOS Optima.
May 16th
Grupa LOTOS reported good performance in Q1 2011.
Operating profit amounted to PLN 412.6m, up by
35.4% on Q4 2010 and 212.6% on Q1 2010.
May 18th
Paweł Olechnowicz, President of the Board of Grupa
LOTOS, received a distinction in the Business Ethics
category of the “Faces of Business” competition,
organized by the "Dziennik Gazeta Prawna" daily and
TVN CNBC.
On the “500 List” of the Polityka weekly, Grupa
LOTOS was ranked the fifth largest Polish company in
the industrial, service and fuel sector, coming fourth
among the 50 largest listed companies. Additionally,
the Company came tenth among the 50 most
profitable companies included in the “500 List”, and
was ninth among the 50 largest exporters.
May 23rd
May 31st
Lechia Gdańsk, a football team sponsored by Grupa
LOTOS, won the first place for fair play in the Polish
top league.
Jun 1st
Grupa LOTOS was awarded the “Master of Business”
title in the Energy and Raw Materials category by the
Businessman.pl monthly.
Jun 3rd
LOTOS Oil received a diploma from the Ministry of
Economy in recognition of its successful business
cooperation with Uzbekistan.
Jun 6th
LOTOS Exploration & Production Norge commenced
3D seismic surveys within the PL503 and PL503B
licence areas, in the southern part of the North Sea.
The surveys covered an off-shore area of 1,560 square
kilometres. The survey results will enable the
company to estimate more accurately the production
potential of the licence area and to identify the best
location for exploratory drilling.
Jun 10th
Grupa LOTOS and LOTOS Oil were awarded the
Ambassador of Polish Economy title in the “Exporter”
category in a competition organized by Business
Centre Club, under the auspices of the Minister of
Foreign Affairs.
Jun 14th
Grupa LOTOS received a distinction in the “Corporate
governance and corporate social responsibility”
category of the Business Award of the President of
the Republic of Poland.
Jun 15th
Paweł Olechnowicz, President of the Board of Grupa
LOTOS, received the “Golden Oxer” award from the
Employers of Pomerania, in recognition of the
successful implementation of the +10 Programme.
Jun 15th
4
The Polish Ski Federation, Grupa LOTOS (as a
The Polish Ski Federation, Grupa LOTOS (as a
general sponsor of Polish skiing) and Kamil Stoch (a
member of the Polish ski jumping team) signed a
letter of intent concerning mutual cooperation on the
implementation of the National Ski Jumping
Development Programme “In Search for the
Champion’s Successors”.
Grupa LOTOS and Przedsiębiorstwo Eksploatacji
Rurociągów Naftowych "Przyjaźń" signed a letter of
intent concerning joint construction of underground
storage facilities for crude oil and liquid fuels.
Jun 22nd
Jun 24th
Grupa LOTOS became the main partner of the Polish
Academy of Sciences for the organization of the
International Year of Chemistry in Poland. 2011 also
marks the centenary of awarding Maria SkłodowskaCurie a Nobel Prize in chemistry.
Grupa LOTOS won the 12th edition of the Human
Resources Management Leader awards of the
Institute of Labour and Social Studies, receiving the
Amber Statuette.
Jun 28th
The Ordinary Shareholders Meeting of Grupa LOTOS
appointed the Company’s Supervisory Board for the
8th term of office.
Jun 27th
The production platform which is to operate on the
YME field in the North Sea was installed on the site.
LOTOS Exploration & Production Norge holds a 20%
interest in the YME field. The recoverable oil reserves
corresponding to the acquired interest are estimated
at approximately 1.8 million tonnes.
Jul 13th
Jul 14th
Grupa LOTOS was included in the third edition
RESPECT Index of the Warsaw Stock Exchange.
Aug 19th
The first three service station of the economy LOTOS
Optima segment were opened in Warsaw.
Aug 19th
A LOTOS service station in Bydgoszcz received the
full score – 100% – in the international survey
conducted by International Service Check. The entire
LOTOS chain ranked third in Poland.
Aug 20th
The fire brigade of LOTOS Straż received a new MAN
fire engine. It will replace the popular Stayer, which
has been in service for a long time.
Aug 23rd
The ABC of Safety Motor Picnic was organized on the
Sopot pier. The emphasis was put on driving culture
5
Grupa LOTOS extended for another 12 months the
USD 400m credit facility agreement concerning
refinancing and financing of inventories, concluded on
December 20th 2007 with the bank syndicate
and economical driving. Grupa LOTOS was involved in
the organization of the event for the fourth time. The
event was organized as part of the LOTOS Safety
Academy (Akademia Bezpieczeństwa LOTOS)
Programme, which – through numerous initiatives,
such as LOTOS – Safe Road to School (LOTOS Bezpieczna droga do szkoły) educates the public in
road traffic safety.
composed of Bank PEKAO S.A., PKO BP, BRE
Bank and Nordea Bank Polska.
Aug 25th
Aug 30th
Grupa LOTOS came second in the ranking of the best
energy sector employers, prepared by Antal
International.
Aug 31st
Grupa LOTOS became the official sponsor of the
Lechia Gdańsk Football Academy. The sponsor’s
support will extend to young football players born in
1996-2004.
Grupa LOTOS reported good performance in H1 2011.
PLN 1bn was the EBITDA figure which the Company
recorded on sales revenue of nearly PLN 13.3bn.
Increased sales, higher crude oil prices and a weaker
US dollar contributed to net profit of PLN 889m.
Aug 31th
Sep 5th
Grupa LOTOS was a partner of the international
conference entitled “Common Responsibility – How to
Enhance CSR Presence and Effectiveness in the EU”,
organized in Gdańsk by the Ministry of Economy and
the Responsible Business Forum. Poland was the first
country to devote so much attention to corporate
social responsibility during its EU Presidency.
LOTOS Oil enhanced its product offering with the
ultra-modern LOTOS QUAZAR K/FE 5W30 oil, to be
used in the newest makes of KIA Sportage and Kia
cee’d equipped with modernised gasoline engines.
LOTOS Oil has cooperated with KIA MOTORS Polska
since March 2007. At first, with users of KIA cars in
mind, a special oil line - LOTOS KIA FORMULA - was
developed, which was then replaced with ultra-modern
synthetic oils of LOTOS Quazar K line in 2010.
Sep 8th
Grupa LOTOS ranked eleventh on the “EUROPA 500”
list of the largest companies from Central and Eastern
Europe. The ranking was prepared by the
Rzeczpospolita daily together with Deloitte, a
consultancy firm.
Sep 16th
Sep 16th
The Gdańsk refinery operated by Grupa LOTOS
hosted a group of member state ambassadors to the
EU. The Committee of Permanent Representatives
(from French COREPER) is made up of member state
ambassadors to the EU at the EU Council in
Brussels. The ambassadors’ visit to Poland was
connected with Poland’s assuming the presidency of
the Council of the European Union on July 1st 2011.
Sep 23rd
Furthermore, the beaches, seashore and seafloor in
the vicinity of the pier in Gdańsk-Brzeźno were
cleaned by LOTOS Straż divers. Once again Grupa
LOTOS joined an environmental initiative whose
primary objective is to awaken a sense of
responsibility for the Baltic Sea.
Dominik Tomczyk, President of the Board of LOTOS
Parafiny, was granted an Honorary Medal of the
Foundry Research Institute of Kraków in recognition
for his invaluable services to the institute.
Sep 28 th
Sep 30th
Grupa LOTOS declared that it intended to focus on a
project concerning cavern storage facilities in
Pomerania, as the next strategic element in building
energy security and solidarity. A discussion on the
subject held at the Company was attended by Günter
Verheugen, EU commissioner for Enterprise and
Industry in 2004-2010.
6
Another edition of the local community-oriented
Sep 30th
Another edition of the local community-oriented
LOTOS – Safe Journey to School (LOTOS Bezpieczna droga do szkoły) programme was
inaugurated.
Oct 4th
As part of the “Junior GDAŃSK 2012” initiative, Grupa
LOTOS funded another LOTOS funded another
LOTOS funded another modern football pitch with
artificial grass surface and lighting. The pitch which
was opened to the public in an official ceremony is
located by Junior High School No. 20 in the
Przymorze estate in Gdańsk.
Oct 10th
According to data published by the Railway Transport
Authority for the first half of 2011, LOTOS Kolej ranked
third among rail freight operators. In this period, the
company had a 6.97% market share by transport work
done, however, among private carriers it became the
vice-leader of the market.
LOTOS Oil added to its offering LOTOS Quazar S
0W20, a synthetic, energy-efficient, new-generation
motor fuel. The product launch was connected with
the bringing to the market of the newest city van
Subaru Trezia. LOTOS Oil has cooperated with
Subaru Import Polska since April 2010. Expert work
and tests allowed the company to compose
technologically advanced LOTOS Quazar oils,
intended for protecting the engines of modern cars.
Oct 10th
Wojtek Chuchała and Kamil Heller, representing
LOTOS - Subaru Poland Rally Team, won the title of
Poland’s Car Rally Champion in Group N.
Oct 11th
Oct 10th
LOTOS Kolej was distinguished as a “2011 Leader of
Rail Transport” in the carrier category. The title is
granted to licensed rail carriers, transporting both
passengers and cargo. The competition is organized
by the Rail Transport Forum, the editorial board of
Transport i Komunikacja bimonthly and the Polish
Association of Engineers and Technicians of
Transportation.
Oct 14th
Challenges facing the EU oil sector and building the
sector’s potential were the key themes of the 14th
Refining and Petrochemical Industry Conference
organized by the World Refining Association. The
three-day event held at venues in Sopot and Gdańsk
brought together over 250 managers of major refining
companies, as well as industry experts. The
conference ended with a tour of the installations built
at Grupa LOTOS as part of the 10+ Programme. The
Company was the main partner of the event.
LOTOS Paliwa opened its first Motorway Service
Areas on the new section of the A1 motorway
between Grudziądz and Toruń. In total, the LOTOS
service station chain has nine Motorway Service
Areas which, apart from A1, are located along the A2,
A4 and A6 motorways.
LOTOS Asfalt was the main supplier of bitumen for the
62 km long section of the A1 motorway between
Grudziądz and Toruń. In total, it supplied about 36
thousand tonnes of bitumen.
Oct 17th
Oct 19th
Oct 25th
For the second time in a row, Kajetan Kajetanowicz
and Jarek Baran of the LOTOS Dynamic Rally Team
won the title of Champions of Poland in the general
classification of Poland’s Car Rally Championships.
LOTOS Kolej opened a new railway dispatching office
in Czechowice-Dziedzice. This is its fourth
dispatching office, after Gdańsk, Zduńska Wola and
Wrocław.
Oct 26th
For the third consecutive time, LOTOS Dynamic fuels
won the first place in the “Consumer’s Laurel”
programme in the premium category, thus securing
the special prize – the “2011 Consumer’s Laurel
Grand Prix”.
Oct 26th
7
Grupa LOTOS’ scholarship programme – “LOTOS Cup
– In Search for the Champion’s Successors” –
In recognition of the successful implementation of the
+10 Programme, Grupa LOTOS was named the “2011
Refinery Plant of the Year” during a conference
organized by the World Refining Association.
Oct 26th
– In Search for the Champion’s Successors” –
received an award in the “Corporate scholarship
programme” category of a contest organized by the
Good Network Foundation and the Polish-American
Freedom Foundation.
Oct 27th
Grupa LOTOS ranked first in the “Employer - Provider
of Safe Work” competition in the Province of Gdańsk,
which was organized by the National Labour
Inspector. The award was granted in the category of
companies with headcounts of over 250.
LOTOS Parafiny won the first award in the “Employer Provider of Safe Work” competition in the category of
companies with headcounts of over 250. The
competition was organized by the Regional Labour
Inspector of Rzeszów.
Nov 3rd
Nov 8th
LOTOS Parafiny received the “Polish Product 2011”
certificate from the Judging Panel of the Central Office
for National Certification – in the Company of the Year
category.
Nov 8th
The two-days assembly of fractionating columns in a
xylene separation unit was completed at Grupa
LOTOS’ refinery.
Nov 15th
Grupa LOTOS reported performance for Q1-Q3 2011.
Operating profit was PLN 826.3m, nearly PLN 70m
more than in the same period of 2010. In the third
quarter alone, the Company’s sales revenue rose by
44% year on year, to reach PLN 7.6bn.
Nov 9th
LOTOS Oil products once again won the European
Medal for products and services meeting the highest
European standards of quality. In 2011, the judging
panel selected the LOTOS Quazar K oil line for the
award.
Nov 17th
Michał Kościuszko and Maciek Szczepaniak,
representing LOTOS Dynamic Rally Team, became
the second vice-champions in the PWRC, a
companion rally series to the World Rally
Championship.
Nov 21st
Grupa LOTOS and Statoil Poland extended by another
two years the contract entered into in November 2008.
The estimated value of fuel sales to Statoil Poland by
the end of 2013 is PLN 9.17bn.
Nov 22nd
Grupa LOTOS and the Polish Ski Federation
inaugurated the ski jumping season. Among the
guests were Apoloniusz Tajner and Kamil Stoch.
Grupa LOTOS – the general sponsor of the Polish Ski
Federation – was represented by its President, Paweł
8
The National Labour Inspector granted Grupa LOTOS
Olechnowicz.
The National Labour Inspector granted Grupa LOTOS
the main prize in the nation-wide “Employer - Provider
of Safe Work” competition.
Nov 23rd
Nov 24th
Grupa LOTOS received a prize from the Office of
Technical Inspection for the long standing cooperation
and active contribution to the creation of the Polish
system of technical safety.
Nov 29th
Grupa LOTOS is to supply heavy fuel oil to O.W.
Supply & Trading A/S of Denmark, under a contract
with a total value of USD 68.76m, i.e. PLN 231.75m.
Accordingly, the total value of agreements concluded
between the companies over the 12 months increased
to approximately USD 216.52m, i.e. PLN 729.78m.
Grupa LOTOS executed an open memorandum of
understanding aimed to improve work safety, fire
safety and environmental protection in the oil and gas
industry. The Working Group for the Oil and Gas
Industry operates at the National Labour Inspectorate.
Nov 30th
Dec 2nd
Grupa LOTOS was awarded the “Fair Play Company”
certificate in a contest organized by the Institute for
Private Enterprise and Democracy.
Dec 2th
LOTOS Czechowice received the “2011 Super
Company” title granted by entrepreneurs of
Czechowice-Dziedzice.
Grupa LOTOS commenced an investment project
designed to switch the Gdańsk refinery to a different
fuel. The Company executed an annex to the gas fuel
supply agreement of 16th June 2010 with PGNiG S.A.
Dec 12th
Dec 15th
9
In the 8th edition of the Most Valuable Polish Brands
Ranking published by the Rzeczpospolita daily, the
value of the LOTOS brand was put at PLN 865.1m, an
increase of 28% on 2010. The brand moved up to the
11th place among the 330 classified brands.
LOTOS Serwis completed the construction of the two
largest ever 145- and 50-tonne tube inserts for heat
exchangers. The receiver of the two tube inserts was
PKN Orlen. During the installation of the tubes in the
sieve walls, the state-of-the-art method of orbital
welding was applied, which provided for the highest
quality of the weld.
Dec 18th
Dec 19th
LOTOS Jasło received the golden “2011 Patron of
Culture” statuette for supporting cultural events in the
In the “Teleinfo 100” competition, the editorial board of
the Businessman.pl monthly awarded Grupa LOTOS
Culture” statuette for supporting cultural events in the
town of Jasło.
Dec 31st
LOTOS Paliwa launched the 50th service station of
the LOTOS Optima economy chain. Having expanded
the chain to include 63 new locations, the company
broke the Polish record in terms of the number of
service stations opened in one year.
10
the Businessman.pl monthly awarded Grupa LOTOS
with the Golden Laurel in the power and fuel sector
category. The prize is given to companies with the
best IT systems.