Meeting with the Institutional Investors

Event: Meeting with the institutional investors held in prospect of CONPET shares listing on the regulated market administered by Bucharest Stock Exchange.

Panelists: representatives of major investments funds – ING, RAIFFEISEN, BCR, ERSTE, ALLIANZ ŢIRIAC, EUREKO Romania, OTP and representatives of Financial investment Societies – SIF 2 Moldova, SIF 4 Muntenia; Mr. Mihai Adrian Albulescu – State-secretary within the Romanian Ministry of Economy, Department for Energy; Mr. Gabriel Dumitraşcu – General Director of the General Direction for Privatization and Management of State Ownership in Energy; Mrs. Adriana Marin – Director of Analysis, manager of “Institutional Clients” Division at SSIF Broker.
Date: 28.08.2013
Location: Bucharest Stock Exchange Headquarters

Issues discussed during the meeting: company development goals, future investments, economic results. Mr. Liviu Ilaşi, General Director of CONPET S.A. exposed two major projects:
• ” Interconnection of the national crude oil pipeline transport system to the regional (Pancevo, Serbia) and European one” , pointing out that, in a first stage, the project Constanţa – Piteşti – Pancevo estands as a viable crude oil alternative transport route for crude supply to Pancevo refinery (Serbia), with possible extension to Bosanski Brod refinery (Bosnia). A major advantage given by the achievement of this project would be that, out of the 760 km- pipeline total length, it would only be necessary to construct 440 new km of pipeline along Piteşti – Naidaş – Pancevo route, the rest of 320 km representing the existing Constanţa – Piteşti section.
• “Provision of the safety stock for crude oil” , currently being available a throughput of 100000 tons, with possibility of supplementing the capacity with another 100000 tons.
” The applied strategy targeted the increase of the company profitability by streamlining the structures and processes, being, at the same time, a flexible strategy, adapted to the current macroeconomic situation, also viable the moment the professional management will be introduced “, stated Mr Liviu Ilaşi about the strategy implemented within CONPET during December 2012- August 2013.
The analyses report drafted by SSIF Broker shows a turnover evolution by 6% and a net profit growth by 26% in relation to 2013 half year, as compared to the same period last year.