Databoook

31.03.2022
Content

Legal Disclaimer

This Document has been prepared by Grupa LOTOS S.A. ("Company"). This Document contains neither a
complete nor a comprehensive description of the Company. Nor does it present the Company’s position or
prospects in a complete or comprehensive manner. This Document, as well as the attached information and
descriptions thereof may contain forward-looking statements. However, such statements must not be understood
as the Company’s assurances or projections concerning future expected results of the Company or companies of
LOTOS Group. The Company communicates its complete perception of LOTOS Group after Q2 2015, presented
to the best knowledge of the Management.

No warranties or representations can be made as to the comprehensiveness or reliability of the information

contained in this Document. Neither the Company, nor its Shareholders, subsidiary undertakings, advisers or
representatives of such persons shall have any liability that might arise in connection with any use of this
Document. Furthermore, no information contained herein constitutes an obligation or representation of the
Company, its Shareholders, subsidiary undertakings, advisers or representatives of such persons.

This Document was prepared for information purposes only and is neither a purchase or sale offer, nor a
solicitation of an offer to purchase or sell any securities or financial instruments or an invitation to participate in
any commercial venture. This Document is neither an offer nor an invitation to purchase or subscribe for any
securities in any jurisdiction and no statements contained herein may serve as a basis for any agreement,
commitment or investment decision, or may be relied upon in connection with any agreement, commitment or
investment decision.
Content

Shareholders Share capital structure

Macro Macro environment
P&L Consolidated statement of comprehensive income (quarterly)
P&L YTD Consolidated statement of comprehensive income (cumulative)
Balance Sheet Consolidated statement of financial position
Cash flow Consolidated statement of cash flows (quarterly)
Financial data Cash flow YTD Consolidated statement of cash flows (cumulative)
Segm Results in operational segments (quarterly)
Segm YTD Results in operational segments (cumulative)
Hedging Hedging transactions
Oper FX Effect Operational FX changes effect
LIFO LIFO effect
Sales Consolidated sales (quarterly)
Sales YTD Consolidated sales (cumulative)
Operational data DOWN Refining and Marketing operational data
UP Exploration and Production operational data
Retail Retail
HR Employment
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Share capital structure

End of period

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022

Shareholders
% no. of shares % no. of shares % no. of shares % no. of shares % no. of shares % no. of shares % % Shareholders (large % (large holdings of % % % % Shareholders (large
Shareholders (large holdings of shares) holdings of shares) shares) holdings of shares)
Nafta Polska 51.9 59,025,000 - - - - - - - - - - - - State Treasury 53.2 State Treasury 53.2% 53.2 53.2 53.2 State Treasury 53.2% 53.2%
State Treasury 6.9 7,878,030 64.0 83,076,392 53.2 69,076,392 53.2 69,076,392 53.2 69,076,392 53.2 69,076,392 53.2 53.2 ING OFE 5 Others 46.8% 46.8 46.8 46.8 ING OFE 5.0% 5.0%
NN PFE - - 5.0 6,524,479 5.0 6,524,479 5.3 6,893,079 8,6(1) 6,4(2) PZU OFE 5.02 Total 100% 100.0 100.0 100.0 Others 41.8% 41.8%
Others 41.2 46,796,970 31.0 40,272,491 41.8 54,272,491 46.8 60,796,970 46.8 60,796,970 41.5 53,903,891 38.2 40.4 Others 36.8 Total 100.0% 100.0%
Total 100.0 113,700,000 100.0 129,873,362 100.0 129,873,362 100.0 129,873,362 100.0 129,873,362 100.0 129,873,362 100.0 100.0 Total 100.0

2008 2010 State Treasu Others 2013

2015 2017 - Q1 2021
Struktura akcjonariatu 2011 53.2% 46.8% StatING OFE Others
2009### 5.0% 31.0%
6.9% State Treasu ING OFE Others
2010 53.2% 5.0%### StatNafta Polska 40.
41.8% 41.5% 4% 53.2%
53.2% 2008### 53.2%51.9% 46.8%
53.2%
State Treasu ING OFE Others
51.9% 2013 53.2% 5.3%###

5.3% 6.4
2014 53.2% 8.6%### %
5.0%

2015 53.2% 6.4%###

State Treasury ING OFE Others State Treasury Others
State Treasury Nafta Polska State Treasury ING OFE Others
State Treasury ING OFE Others

2009 2011 / 2012 2014 2016 Q2 2021 - Q1 2022

38.2% 53.2
31.0% 46.8% 36.8 41.8% 53.2
53.2% % %
53.2
64.0%
5.02 5
5.0 8.6
% % 5.0%

State Treasury ING OFE Others State Treasury Others State Treasury ING OFE Others State Treasury ING OFE PZU OFE Others State Treasury ING OFE Others

(1)
based on the investment fund's annual asset structure as st December 31st 2014
(2)
based on the number of shares registered by ING OFE at the AGM of Grupa LOTOS SA held on June 30th 2015
Content

Macro environment
Crude oil prices and foreign exchange rates, model refining margin of Grupa LOTOS S.A.

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20

Quarterly average crude oil prices

Brent Dtd USD/bbl 66.87 74.55 75.08 68.22 62.9 68.96 62 63.27 50.54
Spread Brent Dtd vs Ural Rtdm USD/bbl 1.59 1.87 1.32 0.82 0.24 0.58 1.17 1.54 2.31

Quarterly average FX rates

USD PLN 3.40 3.58 3.7 3.77 3.79 3.81 3.88 3.87 3.92
EUR PLN 4.18 4.26 4.31 4.3 4.3 4.28 4.32 4.29 4.33

Model refining margin (suspended)* USD/bbl 6.4 7.3 7.5 8.5 7.0 5.8 8.1 10.1 9.6

* The company informs that in the period from October 2019 to the end of 2020, the actually realized margin was additionally burdened with the following distortions:
1) gradual achievement of the optimal operation of the refinery, taking into account the EFRA project units, in particular the delayed coking unit (DCU),
2) optimizing the operation of refinery in response to the ensuing market turbulence of the COVID 19 pandemic, in particular: a sharp decline in aviation fuel demand, periodic declines in gasoline and diesel demand, and declines in product cracks (margins for individual products).

Source: Refinitiv (Thomson Reuters), NBP

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Financial data
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Consolidated statement of comprehensive income

quarterly
1Q18 2Q18

Sales revenue PLN m 6,324.7 7,531.0

Cost of sales PLN m -5,464.3 -6,207.1
Gross profit PLN m 860.4 1,323.9
Distribution costs PLN m -305.5 -341.6
Administrative expenses PLN m -106.4 -92.6
Other operating profit/(loss) PLN m -0.7 8.2
Impairment loss on financial instruments PLN m 0.0 0.0
Operating profit/(loss) PLN m 447.8 897.9
Profit/(loss) on financing activities PLN m 51.7 -145.0
Impairment loss on financial instruments PLN m 0.0 0.0
Share in net profit of equity-accounted joint ventures PLN m -0.4 0.0
Pre-tax profit/(loss) PLN m 499.1 754.0
Corporate income tax PLN m -178.3 -219.1
Net profit/(loss) PLN m 320.8 534.9
- attributable to Owners of the parent PLN m 320.8 534.9
- attributable to Non-controling interests PLN m 0.0 0.0

Other comprehensive Income PLN m 46.1 -148.1

- exchange differences on translating foreign operations PLN m 1.2 13.5
- cash flow hedges PLN m 55.4 -199.6
- income tax on the comprehensive income PLN m -10.5 37.9
- other PLN m 0.0 0.1

Excise duty, fuel charge and fuel tax

Excise duty, fuel charge and fuel tax PLN m 2,691.1 5,888.1

Depreciation PLN m 183.1 184.1

EBITDA PLN m 630.9 1,082.0
LIFO effect PLN m -175.0 -317.8
LIFO EBITDA PLN m 455.9 764.2
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Consolidated statement of comprehensive income

quarterly
2017 3M18 6M18

Sales revenue PLN m 24,185.6 6,324.7 13,855.7

Cost of sales PLN m -20,194.1 -5,464.3 -11,671.4
Gross profit PLN m 3,991.5 860.4 2,184.3
Distribution costs PLN m -1,252.3 -305.5 -647.1
Administrative expenses PLN m -450.0 -106.4 -199.0
Other operating profit/(loss) PLN m -60.7 -0.7 7.5
Impairment loss on financial instruments PLN m 0.0 0.0 0.0
Operating profit/(loss) PLN m 2,228.5 447.8 1,345.7
Profit/(loss) on financing activities PLN m 216.0 51.7 -93.3
Impairment loss on financial instruments PLN m 0.0 0.0 0.0
Share in net profit of equity-accounted joint ventures PLN m 3.2 -0.4 0.7
Pre-tax profit/(loss) PLN m 2,447.7 499.1 1,253.1
Corporate income tax PLN m -775.9 -178.3 -397.4
Net profit/(loss) PLN m 1,671.8 320.8 855.7
- attributable to Owners of the parent PLN m 1,671.8 320.8 855.7
- attributable to Non-controling interests PLN m 0.0 0.0 0.0

Other comprehensive Income PLN m 614.7 46.1 -102.0

- exchange differences on translating foreign operations PLN m 27.2 1.2 14.7
- cash flow hedges PLN m 725.4 55.4 -144.2
- income tax on the comprehensive income PLN m -137.8 -10.5 27.4
- other PLN m -0.1 0.0 0.1

Excise duty, fuel charge and fuel tax

Excise duty, fuel charge and fuel tax PLN m 11,799.9 2,691.1 5,888.1

Depreciation PLN m 844.3 183.1 367.2

EBITDA PLN m 3,072.8 630.9 1,712.9
LIFO effect PLN m -171.0 -175.0 -492.8
LIFO EBITDA PLN m 2,901.8 455.9 1,220.1
Content

Consolidated statement of financial position

31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22

Assets PLN m 21,244.9 22,490.1 22,777.8 22,223.9 23,982.7 23,899.8 24,723.0 23,672.1 21,356.2 21,033.8 21,039.6 21,856.4 22,722.7 23,940.4 24,723.5 25,964.8 28,767.7
Fixed assets PLN m 12,486.5 12,764.4 12,772.9 13,078.0 14,291.3 13,994.9 14,117.2 14,236.2 13,995.8 13,500.0 13,351.7 13,960.1 14,199.2 14,718.0 14,157.4 14,525.6 14,666.0
Current assets, including: PLN m 8,758.4 9,725.7 10,004.9 9,145.9 9,691.4 9,904.9 10,605.8 9,435.9 7,360.4 7,533.8 7,687.9 7,896.3 8,523.5 9,761.6 10,566.1 11,439.2 14,101.7
Inventories PLN m 4,006.1 4,900.5 4,555.3 4,848.9 4,525.0 4,694.2 4,869.1 4,854.3 3,099.5 3,249.3 3,199.0 3,495.7 4,351.3 4,602.1 4,755.9 5,611.7 8,268.6
Trade receivables PLN m 2,767.2 2,690.8 2,975.2 1,880.4 2,653.0 2,553.0 2,934.8 2,609.1 2,283.8 1,590.5 2,420.4 1,693.9 2,346.0 2,882.7 3,211.7 2,648.5 2,982.3
Other current assets PLN m 427.2 386.9 325.7 457.6 374.3 396.8 340.0 334.1 312.4 279.8 268.5 314.3 372.2 367.9 799.4 498.3 562.8
Cash and cash equivalents PLN m 1,470.4 1,691.9 2,118.5 1,941.3 2,084.1 2,180.7 2,342.8 1,516.6 1,488.0 2,320.5 1,617.0 2,145.6 1,174.2 1,790.1 1,709.9 2,572.1 2,113.8
Assets held for sale PLN m 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.0 0.0 0.0

Equity and liabilities PLN m 21,244.9 22,490.1 22,777.8 22,223.9 23,982.7 23,899.8 24,723.0 23,672.1 21,356.2 21,033.8 21,039.6 21,856.4 22,722.7 23,940.4 24,723.5 25,964.8 28,767.7
Share capital PLN m 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9 184.9
Revaluation reserve -10.0 -52.0
Share premium PLN m 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3 2,228.3
Cash flow hedging reserve PLN m -180.3 -342.0 -285.1 -288.2 -301.2 -244.1 -306.4 -203.6 -257.0 -172.5 -96.0 -24.4 -41.3 -4.1 -40.2 -53.3 -63.9
Retained earnings PLN m 8,753.0 9,094.4 9,726.0 9,826.1 9,998.6 9,944.5 10,070.4 10,415.5 9,103.9 8,842.6 9,091.9 9,078.0 9,431.3 10,489.6 11,299.8 12,295.2 13,510.3
Exchange differences on translating foreign operations PLN m 93.4 106.9 101.0 83.6 95.3 86.8 98.3 90.2 36.8 56.8 56.5 106.9 155.1 108.9 135.3 148.7 199.5
Equity - shareholders of dominant entity PLN m 11,079.3 11,272.5 11,955.1 12,034.7 12,205.9 12,200.4 12,275.5 12,715.3 11,296.9 11,140.1 11,465.6 11,573.7 11,958.3 13,007.6 13,808.1 14,793.8 16,007.1
Non-controlling interests PLN m 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Shareholders equity PLN m 11,079.4 11,272.6 11,955.2 12,034.8 12,206.0 12,200.5 12,275.6 12,715.4 11,297.0 11,140.2 11,465.7 11,573.8 11,958.4 13,007.7 13,808.0 14,793.9 16,007.2
Liabilities PLN m 10,165.5 11,217.5 10,822.6 10,189.1 11,776.7 11,699.3 12,447.4 10,956.7 10,059.2 9,893.6 9,573.9 10,282.6 10,764.3 10,932.7 10,915.3 11,170.9 12,760.5
Non-current borrowings, other debt instruments and finance lease liabilities PLN m 2,724.5 2,865.4 2,840.1 2,345.3 3,252.8 3,032.6 3,376.6 3,142.6 3,238.6 3,114.7 2,855.9 2,717.7 2,887.4 2,099.6 1,887.7 2,191.1 2,503.2
Current borrowings, other debt instruments and finance lease liabilities PLN m 1,478.5 1,618.5 1,151.7 1,538.7 1,794.5 1,648.8 1,887.3 1,273.8 1,538.4 1,216.3 1,193.8 1,355.8 1,838.9 1,471.0 1,400.5 1,048.1 1,183.1

Debt and Capital employed*

Financial debt PLN m 4,203.0 4,483.9 3,991.8 3,884.0 5,047.3 4,681.4 5,263.9 4,416.4 4,777.0 4,331.0 4,049.7 4,073.5 4,726.3 3,570.6 3,288.2 3,239.2 3,686.3
Net debt (financial debt - cash and cash equivalents) PLN m 2,732.6 2,792.0 1,873.3 1,942.7 2,963.2 2,500.7 2,921.1 2,899.8 3,289.0 2,010.5 2,432.7 1,927.9 3,552.1 1,780.5 1,578.3 667.1 1,572.5
Capital employed PLN m 13,812.0 14,064.6 13,828.5 13,977.5 15,169.2 14,701.2 15,196.7 15,615.2 14,586.0 13,150.7 13,898.4 13,501.7 15,510.5 14,788.2 15,386.5 15,461.0 17,579.7
* As of 31.12.2011 financial debt includes current and non-current borrowings, other debt instruments and finance lease liabilities
Content

Consolidated statement of cash flows

quarterly
1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Net operating cash flow PLN m -136.2 532.8 1,299.1 631.8 494.5 243.6 1,259.2 132.9 340.4 1,445.4 -54.6 1,138.7 -1,030.5 1,835.7 495.6 1,596.5 -412.8
Net profit PLN m 320.8 534.9 631.6 100.1 172.5 500.5 125.9 354.0 (1,311.6) (76.4) 249.3 (7.5) 353.3 1,058.3 810.0 990.2 1,215.1
Depreciation PLN m 183.1 184.1 174.7 180.8 213.1 212.7 226.8 256.7 275.4 272.7 259.1 282.7 263.4 254.6 254.1 276.9 327.4
Interest and dividends PLN m 32.1 31.5 33.4 36.5 45.0 39.4 64.9 42.5 27.9 23.0 30.0 78.5 36.0 58.3 20.2 20.2 32.3
Settlement of financial instruments PLN m (9.3) 18.1 (26.6) 25.0 (16.4) (30.7) 138.3 (107.0) 216.2 (115.0) (69.1) (97.8) 36.2 (142.2) (13.4) (123.3) 38.0
Other PLN m 50.2 231.5 144.4 266.0 (26.4) (174.2) 112.1 (36.3) (14.3) 286.3 31.2 99.9 202.3 270.1 234.9 479.5 383.0
Changes in working capital PLN m -713.1 -467.3 341.6 23.4 106.7 -304.1 591.2 -377 1146.8 1054.8 -555.1 782.9 (1,921.7) 336.6 (810.2) (47.0) (2,408.6)

Capex PLN m (184.4) (217.7) (178.9) (505.6) (230.6) 180.8 (204.6) (153.5) (362.1) (164.9) (208.5) (653.0) (253.9) (156.6) (201.5) (244.8) (304.9)
Cash from financial activity PLN m (233.9) (290.2) (400.1) (310.8) (120.1) (316.1) (918.2) (786.8) (254.6) (226.8) (437.3) (171.1) 292.0 (912.0) (291.4) (483.1) 220.3

Change in net cash PLN m (554.2) 32.9 718.7 (179.7) 145.7 96.5 162.2 (826.1) (229.1) 1,033.0 (703.5) 306.4 (986.7) 767.3 5.9 862.2 (515.4)
Cash at end of period PLN m 1,366.4 1,399.3 2,118.0 1,938.3 2,084.0 2,180.5 2,342.7 1,516.6 1,287.5 2,320.5 1,617.0 1,923.4 936.7 1,704.0 1,709.9 2,572.1 2,056.7
Content

Consolidated statement of cash flows

cumulative
3M18 6M18 9M18 2018 3M19 6M19 9M19 2019 3M20 6M20 9M20 2020 3M21 6M21 9M21 2021 3M22

Net operating cash flow PLN m -136.2 396.6 1,695.7 2,327.5 494.5 738.1 1,997.3 2,130.2 340.4 1,785.8 1,731.2 2,869.9 -1,030.5 805.2 1,300.8 2,897.3 -412.8
Net profit PLN m 320.8 855.7 1,487.3 1,587.4 172.5 673.0 798.9 1,152.9 (1,311.6) (1,388.0) (1,138.7) (1,146.2) 353.3 1,411.6 2,221.6 3,211.8 1,215.1
Depreciation PLN m 183.1 367.2 541.9 722.7 213.1 425.8 652.6 909.3 275.4 548.1 807.2 1,089.9 263.4 518.0 772.1 1,049.0 327.4
Interest and dividends PLN m 32.1 63.6 97.0 133.5 45.0 84.4 149.3 191.8 27.9 50.9 80.9 159.4 36.0 94.3 114.5 134.7 32.3
Settlement of financial instruments PLN m (9.3) 8.8 (17.8) 7.2 (16.4) (47.1) 91.2 (15.8) 216.2 101.2 32.1 (65.7) 36.2 (106.0) (119.4) (242.7) 38.0
Other PLN m 50.2 281.7 426.1 692.1 (26.4) (200.6) (88.5) (124.8) (14.3) 272.0 303.2 403.1 202.3 472.4 707.3 1,186.8 383.0
Changes in working capital PLN m (713.1) (1,180.4) (838.8) (815.4) 106.7 -197.4 393.8 16.8 1,146.8 2,201.6 1,646.5 2,429.4 (1,921.7) (1,585.1) (2,395.3) (2,442.3) (2,408.6)

Capex PLN m (184.4) (402.1) (581.0) (1,086.6) (230.6) (49.8) (254.4) (407.9) (362.1) (527.0) (735.5) (1,388.5) (253.9) (410.5) (612.0) (856.8) (304.9)
Cash from financial activity PLN m (233.9) (524.1) (924.2) (1,235.0) (120.1) (436.2) (1,354.4) (2,141.2) (254.6) (481.4) (918.7) (1,089.8) 292.0 (620.0) (911.4) (1,394.5) 220.3

Change in net cash PLN m (554.2) (521.3) 197.4 17.7 145.7 242.2 404.4 (421.7) (229.1) 803.9 100.4 406.8 (986.7) (219.4) (213.5) 648.7 (515.4)
Cash at end of period PLN m 1,366.4 1,399.3 2,118.0 1,938.3 2,084.0 2,180.5 2,342.7 1,516.6 1,287.5 2,320.5 1,617.0 1,923.4 936.7 1,704.0 1,709.9 2,572.1 2,056.7
Content

Results in operational segments

quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Net sales PLN m 6,324.7 7,531.0 8,344.0 7,922.0 6,741.0 7,662.0 7,877.8 7,212.5 6,095.8 4,245.5 5,363.7 5,203.6 5,863.3 7,415.0 9,200.5 10,644.8 10,967.5
Upstream PLN m 296.7 368.8 374.5 423.7 310.7 307.4 235.1 333.5 329.3 213.2 258.6 310.4 312.6 381.2 436.4 728.7 743.7
Downstream PLN m 6,091.2 7,305.0 8,136.6 7,639.2 6,533.8 7,487.8 7,768.8 7,035.8 5,882.9 4,155.8 5,245.6 5,035.2 5,685.1 7,168.2 8,918.6 10,078.6 10,372.8
including: retail PLN m 1,421.1 1,706.2 1,839.0 1,769.8 1,546.6 1,786.3 1,891.4 1,779.8 1,511.7 1,175.6 1,651.6 1,450.4 1,518.7 1,841.3 2,174.3 2,144.7 2,352.2
Consolidation items PLN m -63.2 -142.8 -167.1 -140.9 -103.5 -133.2 -126.1 -156.8 -116.4 -123.5 -140.5 -142.0 -134.4 -134.4 -154.5 -162.5 -149.0

EBIT PLN m 447.8 897.9 866.8 768.7 362.3 658.7 496.3 452.4 -1,358.9 -249.4 194.1 17.4 664.3 1,241.5 1,177.3 1,394.8 1,886.1
Upstream PLN m 146.0 176.4 146.0 577.8 153.1 128.7 14.6 190.8 -197.9 -474.9 -62.1 -29.3 107.1 370.6 194.9 538.1 443.8
Downstream PLN m 290.3 719.2 735.1 184.1 216.1 525.2 480.6 252.8 -1,156.8 234.6 260.6 46.5 554.8 863.4 992.8 867.0 1,432.8
including: retail PLN m 9.0 33.9 34.9 2.0 35.7 51.0 61.6 -23.2 9.7 20.1 63.0 32.7 -2.3 42.4 51.5 -16.8 10.4
Consolidation items PLN m 11.5 2.3 -14.3 6.8 -6.9 4.8 1.1 8.8 -4.2 -9.1 -4.4 0.2 2.4 7.5 -10.4 -10.3 9.5

Amortization PLN m 183.1 184.1 174.7 180.8 213.1 212.7 226.8 256.7 275.4 272.7 259.1 282.7 263.4 254.6 254.1 276.9 327.4
Upstream PLN m 58.7 60.3 50.6 55.5 52.5 49.6 56.0 78.1 86.1 82.5 67.2 86.2 60.8 62.7 60.5 80.9 95.9
Downstream PLN m 124.4 123.8 124.1 125.3 160.6 163.1 170.8 178.6 189.3 190.2 191.9 196.5 202.6 191.9 193.6 196.0 231.5
including: retail PLN m 17.2 17.1 16.8 16.9 27.8 27.5 27.6 29.3 28.1 29.0 29.0 32.7 31.1 31.0 31.1 33.2 32.4
Consolidation items PLN m 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

EBITDA PLN m 630.9 1,082.0 1,041.5 949.5 575.4 871.4 723.1 709.1 -1,083.5 23.3 453.2 300.1 927.7 1,496.1 1,431.4 1,671.7 2,213.5
Upstream PLN m 204.7 236.7 196.6 633.3 205.6 178.3 70.6 268.9 -111.8 -392.4 5.1 56.9 167.9 433.3 255.4 619.0 539.7
Downstream PLN m 414.7 843.0 859.2 309.4 376.7 688.3 651.4 431.4 -967.5 424.8 452.5 243.0 757.4 1,055.3 1,186.4 1,063.0 1,664.3
including: retail PLN m 26.2 51.0 51.7 18.9 63.5 78.5 89.2 6.1 37.8 49.1 92.0 65.4 28.8 73.5 82.5 16.4 42.8
Consolidation items PLN m 11.5 2.3 -14.3 6.8 -6.9 4.8 1.1 8.8 -4.2 -9.1 -4.4 0.2 2.4 7.5 -10.4 -10.3 9.5

data changes, since 1Q2016 retail is reported without SDS

Content

Results in operational segments

cumulative

3M18 6M18 9M18 2018 3M19 6M19 9M19 2019 3M20 6M20 9M20 2020 3M21 6M21 9M21 2021 3M22

Net sales PLN m 6,324.7 13,855.7 22,199.7 30,121.7 6,741.0 14,403.0 22,280.8 29,493.3 6,095.8 10,341.3 15,705.0 20,908.6 5,863.3 13,278.3 22,478.8 33,123.6 10,967.5
Upstream PLN m 296.7 665.5 1,040.0 1,463.7 310.7 618.1 853.2 1,186.7 329.3 542.5 801.1 1,111.5 312.6 693.8 1,130.2 1,858.9 743.7
Downstream PLN m 6,091.2 13,396.2 21,532.8 29,171.9 6,533.8 14,021.6 21,790.4 28,826.2 5,882.9 10,038.7 15,284.3 20,319.5 5,685.1 12,853.3 21,771.9 31,850.5 10,372.8
including: retail PLN m 1,421.1 3,127.3 4,966.3 6,736.1 1,546.6 3,332.9 5,224.3 7,004.1 1,511.7 2,687.3 4,338.9 5,789.3 1,518.7 3,360.0 5,534.3 7,679.0 2,352.2
Consolidation items PLN m -63.2 -206.0 -373.1 -513.9 -103.5 -236.7 -362.8 -519.6 -116.4 -239.9 -380.4 -522.4 -134.4 -268.8 -423.3 -585.8 -149.0

EBIT PLN m 447.8 1,345.7 2,212.5 2,981.3 362.3 1,021.0 1,517.3 1,969.7 -1,358.9 -1,608.3 -1,414.2 -1,396.8 664.3 1,905.8 3,083.1 4,477.9 1,886.1
Upstream PLN m 146.0 322.4 468.4 1,046.2 153.1 281.8 296.4 487.2 -197.9 -672.8 -734.9 -764.2 107.1 477.7 672.6 1,210.7 443.8
Downstream PLN m 290.3 1,009.5 1,744.6 1,928.7 216.1 741.3 1,221.9 1,474.7 -1,156.8 -922.2 -661.6 -615.1 554.8 1,418.2 2,411.0 3,278.0 1,432.8
including: retail PLN m 9.0 42.9 77.8 79.8 35.7 86.7 148.3 125.1 9.7 29.8 92.8 125.5 -2.3 40.1 91.6 74.8 10.4
Consolidation items PLN m 11.5 13.8 -0.5 6.4 -6.9 -2.1 -1.0 7.8 -4.2 -13.3 -17.7 -17.5 2.4 9.9 -0.5 -10.8 9.5

Amortization PLN m 183.1 367.2 541.9 722.7 213.1 425.8 652.6 909.3 275.4 548.1 807.2 1,089.9 263.4 518.0 772.1 1,049.0 327.4
Upstream PLN m 58.7 119.0 169.6 225.1 52.5 102.1 158.1 236.2 86.1 168.6 235.8 322.0 60.8 123.5 184.0 264.9 95.9
Downstream PLN m 124.4 248.2 372.3 497.6 160.6 323.7 494.5 673.1 189.3 379.5 571.4 767.9 202.6 394.5 588.1 784.1 231.5
including: retail PLN m 17.2 34.3 51.1 68.0 27.8 55.3 82.9 112.2 28.1 57.1 86.1 118.8 31.1 62.1 93.2 126.4 32.4
Consolidation items PLN m 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

EBITDA PLN m 630.9 1,712.9 2,754.4 3,704.0 575.4 1,446.8 2,169.9 2,879.0 -1,083.5 -1,060.2 -607.0 -306.9 927.7 2,423.8 3,855.2 5,526.9 2,213.5
Upstream PLN m 204.7 441.4 638.0 1,271.3 205.6 383.9 454.5 723.4 -111.8 -504.2 -499.1 -442.2 167.9 601.2 856.6 1,475.6 539.7
Downstream PLN m 414.7 1,257.7 2,116.9 2,426.3 376.7 1,065.0 1,716.4 2,147.8 -967.5 -542.7 -90.2 152.8 757.4 1,812.7 2,999.1 4,062.1 1,664.3
including: retail PLN m 26.2 77.2 128.9 147.8 63.5 142.0 231.2 237.3 37.8 86.9 178.9 244.3 28.8 102.3 184.8 201.2 42.8
Consolidation items PLN m 11.5 13.8 -0.5 6.4 -6.9 -2.1 -1.0 7.8 -4.2 -13.3 -17.7 -17.5 2.4 9.9 -0.5 -10.8 9.5

data changes, since 1Q2016 retail is reported without SDS

Content

Hedging transactions
quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Closed positions PLN m 58.4 -16.5 22.9 44.7 -6.7 -3.1 -6.7 -2.5 -18.5 -40.0 4.1 76.9 27.0 12.6 34.4 31.8 1.3
Product prices hedging transactions PLN m 2.4 15.3 25.5 17.0 0.8 8.8 16.4 -11.8 1.4 -10.9 -14.6 2.3 0.0 21.4 41.8 43.0 0.1
FX and CO2 hedging transactions PLN m 77.7 -32.9 -11.2 25.2 -3.8 -11.6 -26.8 11.8 -19.9 -24.8 18.4 78.8 26.7 0.1 -7.4 -11.2 1.2
Interest rate hedging transactions PLN m -21.7 1.1 8.6 2.5 -3.7 -0.3 3.7 -2.5 0.0 -4.3 0.3 -4.2 0.3 -8.9 0.0 0.0 0.0

Open positions PLN m -49.1 -1.6 3.7 -69.7 23.1 33.7 -131.5 109.5 -197.7 155.0 65.0 20.8 -63.2 129.6 -21.0 91.5 -39.3
Product prices hedging transactions PLN m 20.7 3.1 -17.9 -46.3 54.2 -7.5 -77.2 11.9 -76.4 71.4 28.3 17.0 50.0 12.3 -29.3 -38.8 34.6
FX and CO2 hedging transactions PLN m -77.6 -32.2 28.7 -14.4 -31.0 47.7 -49.6 93.5 -111.7 80.2 36.7 -0.8 -112.5 108.5 8.3 130.3 -73.9
Interest rate hedging transactions PLN m 7.8 27.5 -7.1 -9.0 -0.1 -6.5 -4.7 4.1 -9.6 3.4 0.0 4.6 -0.7 8.8 0.0 0.0 0.0
Content

Operational FX changes effect for Lotos Group

quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

FX operational changes PLN m -5.8 -57.8 -2.4 -0.2 -25.1 33.8 -11.2 68.5 -47.3 4.4 0.3 38.8 -23.5 -9.0 -38.2 -8.0 48.7
out of which: Grupa LOTOS SA PLN m -5.8 -57.6 -2.0 -0.1 -25.0 33.7 -11.0 68.4 -48.2 4.5 0.4 39.1 -23.7 -8.7 -39.0 -7.0 48.9
Content

LIFO effect
quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

EBIT PLN m 447.8 897.9 866.8 768.7 362.3 658.7 496.3 452.4 -1,358.9 -249.4 194.1 17.4 664.3 1,241.5 1,177.3 1,394.8 1,886.1
LIFO effect PLN m -175.0 -317.8 -173.9 166.8 41.4 -43.7 121.4 22.1 1,402.1 -405.6 -112.3 -144.3 -336.2 -302.4 -317.3 -296.6 -839.7
LIFO EBIT PLN m 272.8 580.1 692.9 935.5 403.7 615.0 617.7 474.5 43.2 -655.0 81.8 -126.9 328.1 939.1 860.0 1,098.2 1,046.4
Content

Operational data
Content

Consolidated sales
quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Sales volume
Gasoline '000 t 415.7 416.5 430.8 404.9 396.8 386.1 447.8 416.5 409.7 393.3 455.2 384.9 286.7 383.3 404.7 357.0 313.9
Naphtha '000 t 154.7 129.8 119.5 133.8 106.1 131.1 105.0 131.8 135.8 155.6 113.7 162.3 132.9 110.7 103.2 103.3 62.0
Reformat '000 t 0.0 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.4 0.0 38.5 0.0 5.4 0.0 46.8 49.1
Diesel (ULSD) '000 t 1,167.3 1,386.6 1,514.2 1,401.5 1,291.7 1,468.3 1,649.9 1,522.4 1,437.7 1,516.9 1,620.7 1,471.0 1,338.5 1,504.6 1,710.9 1,628.9 1,486.8
Bunker fuel '000 t 20.0 21.3 19.7 24.7 21.5 23.4 23.9 25.7 29.3 26.0 25.7 28.3 23.6 27.4 28.4 26.8 27.0
Light heating oil '000 t 84.0 32.1 42.9 80.9 71.3 41.9 46.2 69.5 72.4 46.3 33.6 82.8 87.4 39.4 47.7 88.2 91.4
Jet fuel '000 t 126.7 139.7 144.8 140.9 116.6 108.9 127.6 91.6 154.9 25.6 33.1 15.0 74.1 77.3 84.6 101.6 69.4
Lubricants '000 t 15.9 14.5 14.7 11.9 17.2 19.1 17.6 15.1 21.7 25.8 16.7 13.0 4.3 20.5 23.8 21.3 26.9
Base oils '000 t 49.2 49.1 51.1 55.7 52.7 43.0 42.4 49.1 49.0 30.1 53.3 47.8 29.6 25.9 55.2 53.7 36.1
Heavy products* '000 t 448.0 561.4 544.5 555.8 508.4 511.7 497.4 280.6 198.6 269.5 285.1 229.2 151.5 250.3 267.2 212.8 42.3
LPG '000 t 47.4 64.5 69.8 52.2 53.4 69.6 68.6 51.8 62.1 58.7 67.7 59.3 59.2 73.1 76.5 59.3 37.6
Crude oil 000 toe 46.9 28.4 36.0 36.0 22.2 19.2 36.7 43.8 80.6 99.3 66.3 55.7 37.1 46.9 42.8 21.3 38.3
Crude oil as goods 000 toe 194.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 79.4 0.0 1.2 0.0 0.0 0.0 1.1 0.0
Natural gas 000 toe 121.4 134.6 98.3 122.3 120.5 133.2 115.8 140.4 135.2 128.2 104.7 104.1 100.1 109.5 70.7 89.2 81.4
Other refining goods, products and materials '000 t 72.1 68.5 74.7 71.3 84.4 82.7 72.0 122.4 166.0 150.8 127.5 153.9 107.5 146.3 141.8 97.4 136.8

Consolidated net sales

Gasoline PLN m 1,622.7 1,926.3 2,029.7 1,751.5 1,609.9 1,988.4 2,094.4 1,947.2 1,619.3 1,178.8 1,885.7 1,634.1 1,374.9 1,949.0 2,293.1 2,109.0 2,112.1
Naphtha PLN m 302.8 291.4 292.2 270.7 205.3 267.7 193.4 271.1 209.7 136.7 162.1 244.2 268.3 250.5 266.5 307.6 219.7
Reformat PLN m 0.0 17.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.3 0.0 58.6 0.0 0.0 0.0 0.0 0.0
Diesel (ULSD) PLN m 4,780.8 6,174.8 6,946.5 6,552.9 5,840.3 6,767.1 7,505.1 6,972.1 5,921.3 5,020.5 5,916.0 5,470.9 5,746.5 6,911.9 8,235.2 8,904.4 9,358.0
Bunker fuel PLN m 41.7 51.2 49.5 61.8 48.0 55.2 54.1 57.7 55.2 30.6 35.2 39.7 45.8 58.9 67.3 76.1 104.4
Light heating oil PLN m 225.4 96.1 135.5 245.2 204.7 126.0 136.4 208.4 187.2 92.2 77.7 194.3 242.1 118.9 159.4 330.9 429.6
Jet fuel PLN m 285.1 364.0 395.2 379.4 286.1 278.9 319.7 231.4 330.6 22.9 44.1 22.1 139.7 173.1 210.7 302.6 253.2
Lubricants PLN m 76.2 77.5 76.6 65.0 75.2 85.0 77.0 67.8 82.8 91.2 105.9 84.1 133.1 125.5 154.2 130.5 155.9
Base oils PLN m 134.3 141.9 152.3 158.8 131.8 106.2 105.3 116.8 114.4 58.1 63.9 84.3 110.8 158.9 299.3 226.0 155.4
Heavy products* PLN m 540.8 818.4 897.1 878.2 725.1 826.3 715.7 373.0 228.1 306.0 373.1 302.1 206.4 410.7 466.6 421.3 111.6
LPG PLN m 122.0 163.1 166.3 200.0 138.0 180.3 165.1 147.5 149.3 116.4 168.5 149.1 165.9 199.8 267.1 241.0 150.0
Crude oil PLN m 77.7 60.8 73.7 73.2 36.6 67.7 47.5 82.2 136.1 54.8 73.7 68.1 62.4 88.0 97.5 55.4 113.8
Crude oil as goods PLN m 320.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36.0 0.0 1.6 0.0 0.0 0.0 2.4 0.0
Natural gas PLN m 154.0 167.2 137.7 202.9 163.9 101.8 69.4 99.5 78.0 34.9 45.5 90.8 114.7 156.5 185.5 500.4 479.5
Other refining goods, products and materials PLN m 121.4 133.5 193.6 97.8 154.2 165.0 130.1 125.4 147.8 106.4 98.7 133.2 122.3 158.8 158.3 330.6 336.4
Other goods and materials PLN m 117.7 158.7 156.1 106.4 122.0 158.1 156.0 141.0 124.6 123.1 163.7 140.7 132.4 162.8 187.6 173.1 171.9
Services PLN m 102.0 94.4 90.9 133.4 106.5 108.2 104.9 107.1 98.3 97.5 106.2 113.2 99.0 102.8 114.5 130.9 124.4
Other adjustments** PLN m -9.6 -9.0 -29.0 -44.0 -21.4 -23.5 -34.5 -51.8 -63.1 0.0 -68.5 -108.6 -32.1 0.0 -1.9 0.0 -8.9
Excise duty, fuel charge and fuel tax PLN m -2,691.1 -3,197.0 -3,419.9 -3,211.2 -3,085.2 -3,596.4 -3,961.8 -3,683.9 -3,323.8 -3,266.9 -3,887.8 -3,518.9 -3,068.9 -3,611.1 -3,960.4 -3,597.4 -3,299.5
Total PLN m 6,324.7 7,531.0 8,344.0 7,922.0 6,741.0 7,662.0 7,877.8 7,212.5 6,095.8 4,245.5 5,363.7 5,203.6 5,863.3 7,415.0 9,200.5 10,644.8 10,967.5
* heavy fuel oil and bitumens
** Other adjustments until 3Qc2009 related to bonuses and previously not settled
for products; adjustment in 4Qc2011 is an effect of cash flow hedge accounting
settlement
Content

Consolidated sales
cumulative

3M18 6M18 9M18 2018 3M19 6M19 9M19 2019 3M20 6M20 9M20 2020 3M21 6M21 9M21 2021 3M22

Sales volume
Gasoline '000 t 415.7 832.2 1,263.0 1,667.9 396.8 782.9 1,230.7 1,647.2 409.7 803.0 1,258.2 1,643.1 286.7 670.0 1,074.7 1,431.7 313.9
Naphtha '000 t 154.7 284.5 404.0 537.8 106.1 237.2 342.2 474.0 135.8 291.4 405.1 567.4 132.9 243.6 346.8 450.1 62.0
Reformat '000 t 0.0 6.4 6.4 6.4 0.0 0.0 0.0 0.0 0.0 5.4 5.4 43.9 0.0 5.4 5.4 52.2 49.1
Diesel (ULSD) '000 t 1,167.3 2,553.9 4,068.1 5,469.6 1,291.7 2,760.0 4,409.9 5,932.3 1,437.7 2,954.6 4,575.3 6,046.3 1,338.5 2,843.1 4,554.0 6,182.9 1,486.8
Bunker fuel '000 t 20.0 41.3 61.0 85.7 21.5 44.9 68.8 94.5 29.3 55.3 81.0 109.3 23.6 51.0 79.4 106.2 27.0
Light heating oil '000 t 84.0 116.1 159.0 239.9 71.3 113.2 159.4 228.8 72.4 118.7 152.3 235.1 87.4 126.8 174.5 262.7 91.4
Jet fuel '000 t 126.7 266.4 411.2 552.1 116.6 225.5 353.1 444.7 154.9 180.5 213.6 228.6 74.1 151.4 236.0 337.6 69.4
Lubricants '000 t 15.9 30.4 45.1 57.0 17.2 36.3 53.9 69.0 21.7 47.5 64.2 77.2 4.3 47.8 71.6 92.9 26.9
Base oils '000 t 49.2 98.3 149.4 205.1 52.7 95.7 138.1 187.2 49.0 79.1 132.4 180.2 29.6 58.5 113.7 167.4 36.1
Heavy products* '000 t 448.0 1,009.4 1,553.9 2,109.7 508.4 1,020.1 1,517.5 1,798.1 198.6 468.1 753.2 982.4 151.5 401.8 669.0 881.8 42.3
LPG '000 t 47.4 111.9 181.7 233.9 53.4 123.0 191.6 243.3 62.1 120.8 188.5 247.8 59.2 132.3 208.8 268.1 37.6
Crude oil 000 toe 46.9 75.3 111.3 147.3 22.2 41.4 94.1 137.9 80.6 179.9 246.2 301.9 37.1 84.0 126.8 148.1 38.3
Crude oil as goods 000 toe 194.9 194.9 194.9 194.9 0.0 0.0 0.0 0.0 0.0 79.4 79.4 80.6 0.0 0.0 0.0 1.1 0.0
Natural gas 000 toe 121.4 256.0 354.3 476.6 120.5 253.7 369.5 509.9 135.2 263.4 368.1 472.2 100.1 209.6 280.3 369.5 81.4
Other refining goods, products and materials '000 t 72.1 140.6 215.3 286.6 84.4 167.1 223.1 345.5 166.0 316.8 444.3 598.2 107.5 263.4 405.2 502.6 136.8

Consolidated net sales

Gasoline PLN m 1,622.7 3,549.0 5,578.7 7,330.2 1,579.4 3,598.3 5,692.7 7,639.9 1,619.3 2,798.1 4,683.8 6,317.9 1,374.9 3,323.9 5,617.0 7,726.0 2,112.1
Naphtha PLN m 302.8 594.2 886.4 1,157.1 205.3 473.0 666.4 937.5 209.7 346.4 508.5 752.7 268.3 518.8 785.3 1,092.9 219.7
Reformat PLN m 0.0 17.7 17.7 17.7 0.0 0.0 0.0 0.0 0.0 6.3 6.3 64.9 0.0
Diesel (ULSD) PLN m 4,780.8 10,955.6 17,902.1 24,455.0 5,840.3 12,607.4 20,112.5 27,084.6 5,921.3 10,941.8 16,857.8 22,328.7 5,746.5 12,658.4 20,893.6 29,798.0 9,358.0
Bunker fuel PLN m 41.7 92.9 142.4 204.2 48.0 103.2 157.3 215.0 55.2 85.8 121.0 160.7 45.8 104.7 172.0 248.1 104.4
Light heating oil PLN m 225.4 321.5 457.0 702.2 204.7 330.7 467.1 675.5 187.2 279.4 357.1 551.4 242.1 361.0 520.4 851.3 429.6
Jet fuel PLN m 285.1 649.1 1,044.3 1,423.7 286.1 565.0 884.7 1,116.1 330.6 353.5 397.6 419.7 139.7 312.8 523.5 826.1 253.2
Lubricants PLN m 76.2 153.7 230.3 295.3 75.2 160.2 237.2 305.0 82.8 174.0 279.9 364.0 133.1 250.7 404.9 535.4 155.9
Base oils PLN m 134.3 276.2 428.5 587.3 131.8 238.0 343.3 460.1 114.4 172.5 236.4 320.7 110.8 269.7 569.0 795.0 155.4
Heavy products* PLN m 540.8 1,359.2 2,256.3 3,134.5 725.1 1,551.4 2,267.1 2,640.1 228.1 534.1 907.2 1,209.3 206.4 617.1 1,083.7 1,505.0 111.6
LPG PLN m 122.0 285.1 451.4 651.4 138.0 318.3 483.4 630.9 149.3 265.7 434.2 583.3 165.9 365.7 632.8 873.8 150.0
Crude oil PLN m 77.7 138.5 212.2 285.4 36.6 104.3 151.8 234.0 136.1 190.9 264.6 332.7 62.4 150.4 247.9 303.3 113.8
Crude oil as goods PLN m 320.8 320.8 320.8 320.8 0.0 0.0 0.0 0.0 0.0 36.0 36.0 37.6 2.4 0.0
Natural gas PLN m 154.0 321.2 458.9 661.8 163.9 265.7 335.1 434.6 78.0 112.9 158.4 249.2 114.7 271.2 456.7 957.1 479.5
Other refining goods, products and materials PLN m 121.4 254.9 448.5 546.3 154.2 319.2 449.3 574.7 147.8 254.2 352.9 486.1 122.3 289.0 447.3 777.9 336.4
Other goods and materials PLN m 117.7 276.4 432.5 538.9 122.0 280.1 436.1 577.1 124.6 247.7 411.4 552.1 132.4 295.2 482.8 655.9 171.9
Services PLN m 102.0 196.4 287.3 420.7 106.5 214.7 319.6 426.7 98.3 195.8 302.0 415.2 99.0 201.8 316.3 447.2 124.4
Other adjustments** PLN m -9.6 -18.6 -47.6 -91.6 -21.4 -44.9 -79.4 -131.2 -63.1 -63.1 -131.6 -240.2 -32.1 -32.1 -34.0 -34.0 -8.9
Excise duty, fuel charge and fuel tax PLN m -2,691.1 -5,888.1 -9,308.0 -12,519.2 -3,085.2 -6,681.6 -10,643.4 -14,327.3 -3,323.8 -6,590.7 -10,478.5 -13,997.4 -3,068.9 -6,680.0 -10,640.4 -14,237.8 -3,299.5
Total PLN m 6,324.7 13,855.7 22,199.7 30,121.7 6,741.0 14,403.0 22,280.8 29,493.3 6,095.8 10,341.3 15,705.0 20,908.6 5,863.3 13,278.3 22,478.8 33,123.6 10,967.5
* heavy fuel oil and bitumens
** Other adjustments until 3Qc2009 related to bonuses and previously not settled
for products; adjustment in 4Qc2011 is an effect of cash flow hedge accounting
settlement
Content

Downstream operational data

quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

capacity utilisation %
100 101.5 105.4 104.8 100.8 105 103 100.1 97.2 96.9 96.3 94.7 88.4 100.3 101.9 98.7 90.0
(adjusted to the refinery operating days)

Product output
Gasoline '000 t 412.4 400.8 412.1 401.8 407.2 371.1 444.5 436.9 392.0 374.4 460.3 361.1 288.9 388.9 409.9 351.4 333.7
Naphtha '000 t 154.7 129.8 119.5 133.8 106.1 131.1 105.0 131.8 135.8 155.6 113.7 162.3 132.9 110.7 103.2 103.3 62.0
Xylenes '000 t 20.0 20.2 25.9 24.8 31.2 22.9 19.6 16.0 27.6 20.8 14.0 18.7 13.4 14.3 13.2 10.5 0.4
Diesel '000 t 1,155.6 1,361.5 1,488.3 1,374.3 1,245.4 1,407.4 1,493.1 1,391.3 1,407.4 1,478.3 1,454.0 1,415.8 1,307.4 1,533.1 1,594.9 1,537.9 1,473.2
Light heating oil '000 t 84.8 32.5 42.2 84.5 67.5 45.1 44.6 68.3 74.4 47.2 31.1 82.3 88.2 41.4 45.2 91.9 91.8
Jet fuel '000 t 139.8 127.6 150.3 150.6 102.8 118.3 115.8 110.0 150.0 21.0 24.5 21.7 69.3 74.1 85.8 112.2 64.0
Liquid gas '000 t 35.4 51.3 59.0 40.1 43.7 58.4 56.0 40.5 54.4 47.7 55.8 48.9 49.1 62.1 63.5 46.7 27.2
Ship fuel '000 t 19.5 19.6 17.6 21.9 15.8 18.4 16.7 18.1 19.3 15.6 18.6 20.6 15.4 18.2 17.7 23.1 21.7
Heavy products* '000 t 465.5 567.8 547.1 528.5 538.6 523.5 503.5 259.1 229.4 276.8 286.7 204.0 184.5 247.8 270.2 201.2 101.2
Petroleum coke '000 t 1.6 64.0 79.3 69.5 64.5 77.4 51.1 85.3 80.4 97.0 91.5
Other '000 t 241.8 233.5 244.1 245.2 227.0 228.1 228.9 243.3 267.1 251.1 248.9 295.5 216.6 225.9 259.6 293.7 257.2
Total '000 t 2,729.5 2,944.6 3,106.1 3,005.5 2,797.2 2,924.3 3,029.3 2,779.3 2,836.6 2,757.9 2,772.0 2,708.2 2,416.7 2,802.0 2,943.5 2,868.8 2,523.9
* heavy fuel oil and bitumens
Content

Upstream operational data (bbl, boe)

quarterly

1Q18 2Q18 3Q18 4Q18

days 90.0 91.0 92.0 92.0

production (crude oil + liquid gas) boe/d 21,931.0 22,717.0 17,647.5 20,536.2
Poland boe/d 4,357.7 4,345.0 4,698.3 4,535.5
Norway boe/d 16,741.3 17,574.0 12,178.6 15,258.1
Lithuania boe/d 831.9 798.0 770.6 742.7

sales (crude oil + liquid gas) boe/d 17,968.7 21,938.0 18,445.9 20,002.6
Poland boe/d 1,888.6 4,345.0 5,205.2 4,502.3
Norway boe/d 15,526.3 16,541.0 12,132.7 14,392.5
Lithuania boe/d 553.8 1,052.0 1,108.1 1,107.9

crude oil production bbl/d 9,459.1 9,339.0 8,161.8 8,739.4

Poland: B3 field bbl/d 1,606.0 1,444.0 1,579.2 1,358.3
Poland: B8 field bbl/d 2,358.1 2,508.0 2,703.8 2,777.8
Norway: Heimdal bbl/d 677.1 164.0 161.1 219.8
Norway: Sleipner bbl/d 3,985.9 4,425.0 2,947.0 3,640.8
Norway: Utgard bbl/d
Norway: YME bbl/d
Lithuania bbl/d 831.9 798.0 770.6 742.7

liquid gas production boe/d 12,471.9 13,379.0 9,485.7 11,796.9

Poland: B3 field boe/d 151.6 135.0 145.0 126.6
Poland: B8 field boe/d 242.0 259.0 270.2 272.8
Norway : Heimdal boe/d 2,217.4 1,071.0 1,741.6 2,294.8
Norway : Sleipner boe/d 9,860.8 11,914.0 7,328.8 9,102.7
Norway : Utgard bbl/d

crude oil sales bbl/d 6,477.4 9,953.0 9,328.6 8,677.1

Poland bbl/d 1,832.1 4,293.0 5,154.9 4,466.8
Norway bbl/d 4,091.5 4,608.0 3,065.6 3,102.4
Lithuania bbl/d 553.8 1,052.0 1,108.1 1,107.9

liquid gas sales boe/d 11,491.3 11,985.0 9,117.3 11,325.5

Poland boe/d 56.5 52.0 50.2 35.5
Norway boe/d 11,434.9 11,933.0 9,067.1 11,290.0
Lithuania boe/d 0.0 0.0 0.0 0.0

2P resources mboe 92.2 90.2 88.6 89.8

Poland: B3 field mboe 14.1 14.0 13.8 13.7
Poland: B8 field mboe 36.7 36.5 36.2 35.9
Norway: Heimdal mboe 2.5 2.4 2.2 1.5
Norway: Sleipner mboe 14.3 12.9 12.0 14.8
Norway: YME mboe 12.9 12.9 12.9 12.9
Norway: Utgard mboe 8.1 8.1 8.1 8.1
Lithuania mboe 3.6 3.5 3.4 2.9
 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21

90.0 91.0 92.0 92.0 91.0 91.0 92.0 92.0 90.0

20,512.0 18,882.0 17,796.0 25,702.1 23,538.9 20,817.3 18,727.1 18,166.7 18,577.9

4,980.0 4,335.3 3,991.2 5,000.2 4,870.7 5,176.6 5,749.5 5,365.8 5,510.1
14,830.0 13,856.0 13,121.4 20,044.5 18,042.6 15,091.3 12,438.4 12,260.2 12,564.7
702.0 690.7 683.4 657.4 625.7 549.4 539.2 540.7 503.1

17,458.0 19,152.0 16,650.4 21,522.6 22,390.5 25,092.1 20,650.4 19,993.0 18,005.6

3,074.0 4,630.5 3,457.6 5,075.1 3,481.3 5,672.5 5,599.2 5,915.8 5,188.3
13,287.0 14,003.9 12,169.0 15,444.1 17,889.6 18,907.6 14,015.2 13,099.8 12,288.5
1,097.0 517.6 1,023.7 1,003.5 1,019.7 512.1 1,036.0 977.3 528.8

8,908.0 8,269.3 8,139.3 13,978.7 12,289.4 9,544.5 9,691.5 9,228.8 9,763.6

1,541.0 1,141.1 1,081.3 1,109.5 994.2 1,249.6 1,991.4 1,706.9 1,815.2
3,004.0 2,811.9 2,568.5 3,456.6 3,462.3 3,480.2 3,248.4 3,190.9 3,206.3
318.0 187.6 123.4 847.4 805.5 1,061.8 539.2 905.6 911.9
3,343.0 3,438.0 2,850.2 3,263.5 2,889.4 1,163.9 1,947.0 1,848.6 1,990.3
832.5 4,644.3 3,512.3 2,039.7 1,426.4 1,036.0 1,336.6

702.0 690.7 683.4 657.4 625.7 549.4 539.2 540.7 503.1

11,605.0 10,612.7 9,656.7 11,723.4 11,249.6 11,272.7 9,035.6 8,937.9 8,814.4

145.0 107.0 101.3 104.9 93.5 114.4 179.0 166.2 173.5
290.0 275.3 240.1 329.2 320.7 332.4 330.7 301.8 315.1
2,182.0 1,617.0 1,140.5 1,246.1 1,150.5 1,387.4 955.2 1,412.3 1,520.1
8,988.0 8,613.5 7,669.0 7,525.9 7,137.0 7,102.3 6,251.9 6,461.4 5,594.9
505.7 2,517.4 2,547.9 2,336.3 1,318.7 596.2 1,210.8

6,047.0 8,173.6 7,157.4 10,075.1 11,247.6 14,497.7 12,044.6 11,459.6 9,594.5

3,032.0 4,606.2 3,450.6 5,050.9 3,459.9 5,627.1 5,519.2 5,852.4 5,103.0
1,918.0 3,049.8 2,683.1 4,020.8 6,768.1 8,358.5 5,489.3 4,629.8 3,962.7
1,097.0 517.6 1,023.7 1,003.5 1,019.7 512.1 1,036.0 977.3 528.8

11,409.0 10,978.4 9,493.0 11,447.5 11,142.9 10,594.4 8,605.8 8,533.4 8,411.1

41.0 24.3 7.0 24.2 21.4 45.4 80.0 63.4 85.3
11,368.0 10,954.1 9,486.0 11,423.3 11,121.5 10,549.0 8,525.8 8,470.0 8,325.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

88.0 86.3 84.7 81.3 79.2 77.3 75.6 74.8 73.2

13.5 13.4 13.3 13.2 13.1 13.0 12.8 12.6 12.4
35.6 35.3 35.1 34.7 34.4 34.0 33.7 33.4 33.1
1.2 1.1 1.0 0.9 0.7 0.5 0.3 1.0 0.8
13.7 12.6 11.7 11.7 10.8 10.0 9.3 11.2 10.5
12.9 12.9 12.9 12.7 12.7 12.7 12.7 12.5 12.5
8.1 8.1 8.0 5.4 4.9 4.5 4.2 1.6 1.4
2.9 2.8 2.7 2.7 2.6 2.6 2.5 2.5 2.4
 2Q21 3Q21 4Q21 1Q22

91.0 92.0 92.0 90.0

19,373.6 15,169.9 16,319.6 16,880.4

5,717.6 5,769.2 5,735.3 5,445.0
13,142.9 8,881.9 10,084.1 10,940.0
513.1 518.9 500.2 495.5

18,926.2 14,729.4 14,883.9 14,436.6

4,991.9 4,204.4 5,207.3 3,674.0
13,434.4 10,008.4 9,143.0 9,949.9
499.9 516.6 533.7 812.8

9,867.0 8,914.1 8,552.3 9,622.2

2,114.4 2,380.3 2,103.9 1,828.4
3,104.2 2,892.9 3,122.7 3,131.8
609.7 966.8 854.8 705.2
1,839.5 1,447.0 1,221.2 968.4
1,686.1 708.1 446.9 688.5
302.5 1,804.4
513.1 518.9 500.2 495.5

9,506.6 6,255.9 7,767.3 7,258.3

195.4 213.7 194.4 171.3
303.5 282.3 314.2 313.4
736.5 1,423.4 1,041.9 1,193.7
6,736.8 3,588.2 5,506.7 4,701.5
1,534.4 748.3 710.1 878.4

9,812.6 8,844.6 7,417.8 7,443.7

4,886.0 4,079.5 4,999.8 3,454.6
4,426.7 4,248.5 1,884.3 3,176.4
499.9 516.6 533.7 812.8

9,113.5 5,884.7 7,466.1 6,992.9

105.8 124.8 207.4 219.4
9,007.7 5,759.9 7,258.7 6,773.5
0.0 0.0 0.0 0.0

72.2 70.7 69.2 67.7

12.2 12.0 11.8 11.6
32.7 32.5 32.1 31.8
0.7 0.5 0.4 0.2
10.3 9.8 9.2 8.6
12.5 12.5 12.5 12.3
1.3 1.1 1.0 2.3
2.4 2.3 2.3 0.8
Content

Upstream operational data (m3)

quarterly

1Q18 2Q18 3Q18 4Q18

liquid oil production mln m3 178.5 193.6 138.7 172.5

Poland: B3 field mln m3 2.2 2.0 2.1 1.9
Poland: B8 field mln m3 3.5 3.7 4.0 4.0
Norway : Utgard mln m3
Norway : Heimdal mln m3 31.7 15.5 25.5 33.6
Norway : Sleipner mln m3 141.1 172.4 107.2 133.1

liquid gas sales mln m3 164.4 173.4 133.4 165.7

Poland mln m3 0.8 0.8 0.7 0.5
Norway mln m3 163.6 172.6 132.6 165.1
Lithuania mln m3 0.0 0.0 0.0 0.0

Historical operating data for oil exploration and production area expressed in tonnes
Since 2020, the Company suspends the publication of crude oil value in tonnes due to changes in the crude oil d

crude oil sales ths.tons 74.7 118.9 110.3 102.6

Poland ths.tons 21.1 50.2 61.0 52.7
Norway ths.tons 46.9 56.0 35.8 36.4
Lithuania ths.tons 6.6 12.7 13.5 13.5

crude oil production ths.tons 111.7 111.8 98.3 105.5

Poland: B3 field ths.tons 18.7 17.0 18.7 16.1
Poland: B8 field ths.tons 27.3 29.4 32.0 32.9
Norway: Utgard ths.tons
Norway: Heimdal ths.tons 8.1 2.0 2.0 2.7
Norway: Sleipner ths.tons 47.8 53.8 36.2 44.7
Lithuania ths.tons 9.8 9.6 9.3 9.0
 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21

166.1 153.5 141.2 171.5 162.8 163.1 132.2 130.7 126.1 137.6
2.1 1.5 1.5 1.5 1.4 1.7 2.6 2.4 2.5 2.8
4.2 4.0 3.5 4.8 4.6 4.8 4.8 4.4 4.5 4.4
7.4 36.8 36.9 33.8 19.3 8.7 17.3 22.2
31.2 23.4 16.7 18.2 16.6 20.1 14.0 20.7 21.8 10.7
128.6 124.6 112.2 110.1 103.3 102.8 91.4 94.5 80.1 97.5

163.3 158.8 138.8 167.4 161.2 153.3 144.1 249.6 120.4 131.9
0.6 0.4 0.1 0.4 0.3 0.7 65.2 124.8 1.2 1.5
162.7 158.5 138.7 167.1 160.9 152.6 66.2 0.9 119.1 130.3
0.0 0.0 0.0 0.0 0.0 0 12.7 123.9 0.0 0.0

changes in the crude oil density index.

70.2 95.0 85.8 120.3

35.0 53.8 40.8 59.6
22.1 35.0 32.5 48.4
13.1 6.2 12.5 12.3

105.0 98.7 85.6 150.9

17.9 13.4 12.8 13.2
34.8 33.0 30.4 41.0
6.1 49.9
3.8 2.3 1.5 9.7
40.2 41.8 26.4 29.2
8.3 8.3 8.3 8.0
3Q21 4Q21 1Q22

91.5 113.6 103.9

3.1 2.8 2.5
4.1 4.6 4.5
10.9 10.4 12.6
20.8 15.2 17.1
52.5 80.6 67.3

86.3 109.2 100.1

2.0 3.0 3.1
84.3 106.2 96.9
0.0 0.0 0.0
Content

Retail
quarterly

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

Petrol stations at end of period 488 485 489 495 493 493 496 506 506 507 511 513 514 515 516 520 523
- CODO 304 304 306 306 307 307 307 312 312 312 314 318 319 323 322 327 331
- DOFO 184 181 183 189 186 186 189 194 194 195 197 195 195 192 194 193 192

Volume of retail sales

CODO, DOFO, DODO and SDS '000 t 283.8 317.6 333.6 318.3316 284.3 316.4 344.6 325.1 284.6 260.0 344.3 298.4 281.3 319.0 357.5 324.6 316.5

data changes, since 1Q2016 retail is reported without SDS

Content

Employment
in headcounts

3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22

LOTOS Group 4,797 4,898 4,916 4,930 4,964 5,047 5,057 5,131 5,263 5,368 5,433 5,468 5,535 5,473 5,465 5,500 5,448 5,472 5,441
Grupa LOTOS 1,419 1,445 1,462 1,473 1,484 1,514 1,530 1,550 1,602 1,639 1,670 1,675 1,673 1,685 1,683 1,697 1,685 708 688