The event entitled Investor Day held at the NIS Science and Technology Center in Novi Sad and Kikinda featured a presentation of the results of NIS group operations for the first nine months of 2024. Leonid Stulov, Director of the Science and Technology Center, welcomed the guests and gave an introductory presentation on the operations of this NIS subsidiary. After that, the participants had the opportunity to familiarize themselves with the processes and operations of the center. The event was attended by 20 representatives of the interested public.
Anton Cherepanov, CFO and Deputy CEO, presented the results of NIS group operations. He reported that in the period from January to September 2024, the NIS Group invested RSD 37.3 billion in capital modernization projects in all areas of its operations, which is a 70% increase YoY. At the same time, NIS accomplished another priority task by successfully completing the turnaround of the Pančevo refinery, while maintaining a stable supply of all types of petroleum products to the market.
Speaking about the financial results of the NIS Group for the period from January to September 2024, Mr. Cherepanov noted that they reflect the complicated macroeconomic situation and market trends.
NIS Group’s net profit for the period from January to September 2024 amounted to 8 billion dinars. EBITDA for the same period amounted to 34.5 billion dinars. NIS Group’s payments oin taxes and other fees for this operating period amounted to 191.9 billion dinars, which is 6% more YoY. In addition, in August of this year, the company paid shareholders a gross amount of 10,478,261,304 dinars in dividends for 2023. The total volume of oil and gas production for the first nine months of this year amounted to 856.7 thousand conventional tons, which is 1% less YoY. The Pančevo refinery processed 2.5 million tons of crude oil and semi-finished products, 16% less than last year, which was expected given the downtime during the refinery turnaround. The total sales of petroleum products decreased by 9% to 2.7 million tons. Mr. Cherepanov also invited to invest in the first issue of NIS corporate bonds with an interest rate of 6.5% and a maturity of five years.
After the presentation of the results and a Q&A session, Stefan Čuković, Head of the Planning, Economics and Control Sector of the subsidiary company “Neftegaz – Oilfield Services”, took the floor. He spoke about the company’s activities, the services it provides, innovations and further development plans, as well as the recent acquisition of two robotic drilling rigs named Tesla and Pupin. Rastislav Kragić, an expert from the Energy block, presented the implemented projects for the installation of solar power plants and the results achieved. He also spoke about the development plans until 2030, which provide for further investments in renewable energy, in particular, in solar power plants.
After the end of the official part and presentations, the participants were able to inspect the new Tesla drilling rig.
