Efficiency improvement programme
| Segment savings [PLN mln] | 2014 | 2015 | TOTAL |
|---|---|---|---|
| Generation | 133 | 177 | 310 |
| Distribution | 102 | 167 | 269 |
| Other | 17 | 8 | 25 |
| TOTAL | 252 | 352 | 604 |
Initiatives due to which savings were made in 2014-2015:
- Business process optimisation - SSC
- Outsourced services rationalisation
- Assets management - fixed assets optimisation
- Human resources management - Voluntary Redundancy Programme
Initiatives planned for 2016:
- Better efficiency
- Greater use of resources within the Group for cost optimisation
- Non-core liquidation
- Competence synergy
Growth perspectives in 2016
| Segment | 2015 vs. 2016 perspective | Key factors |
|---|---|---|
| Mining | Drop | (-) Lower price of coal (+) Construction of new roadways (+) Assets modernisation (+) Constant enhancement of efficiency |
| Conventional power engineering | Neutral | (-) Lower price of energy (-) Lower limit of free CO2 (+) Lower price of coal (+) Greater generation of electricity (+) Internal processes optimization |
| Renewable energy sources | Growth | (-) Drop in price and volume of RES Proprietary Interests (+) Greater generation of electricity (+) Optimisation of costs of the Area of Water |
| Distribution | Drop | (-) Drop of WACC to 5.675% may result in EBITDA lower by ca. PLN 58 mln (-) Lower volumes of electricity for covering book-tax difference in the Tariff (+) Management optimisation in the segment (+) Works over the improvement of the quality of SAIDI and SAIFI services |
| Trading | Drop | (-) Threat from the side of new energy sellers (+) Sales channels development (+) Development of the range of products (-) Lower gas prices as a result of collapse in oil prices (-) Lower price of electricity |