On 5 February 2009 Neste Oil published a business area structure,
which is reflected in the company's financial segment reporting. As
of 1 April 2009 Neste Oil's operations are grouped into four
segments: Oil Products, Renewable Fuels, Oil Retail and Others. Group
administration, shared service functions as well as Research and
Technology, Neste Jacobs and Nynas AB are included in the Others
segment.
Unaudited quarterly figures for 2008 according to the new segment
reporting structure are presented in the tables below.
In the full year financial statements the 2008 figures were reported
according to the previous segment structure. The new segment
structure will be implemented in the first-quarter report to be
published on 28 April 2009.
Neste Oil Corporation
Hanna Maula
Director, Corporate Communications
Further information: CFO Ilkka Salonen, tel. +358 50 458 4490
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company
concentrating on low-emission, high-quality traffic fuels. The
company's target is to be the world's leading supplier of renewable
diesel. Neste Oil's refineries are located in Porvoo and Naantali and
have a combined crude oil refining capacity of approx. 260,000
barrels a day. The company had net sales of EUR 15 billion in 2008
and employs around 5,200 people. Neste Oil's share is listed on the
NASDAQ OMX Helsinki. www.nesteoil.com.
NESTE OIL GROUP
Unaudited
COMPARATIVE FIGURES FOR THE FINANCIAL PERIOD 2008 IN
ACCORDANCE WITH THE NEW SEGMENT STRUCTURE
Neste Oil's operations are grouped into four segments: Oil
Products, Renewable Fuels, Oil Retail and Others. Group
administration, shared service functions as well as Research and
Technology, Neste Jacobs and Nynas AB are included in the Others
segment.
Cumulative Quarterly
REVENUE figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
Oil Products 12641 10420 6513 2715 2221 3907 3798 2715
Renewable Fuels 116 96 69 23 20 27 46 23
Oil Retail 4073 3158 2026 948 915 1132 1078 948
Others 143 100 64 31 43 36 33 31
Eliminations -1930 -1536 -955 -420 -394 -581 -535 -420
Total 15043 12238 7717 3297 2805 4521 4420 3297
Cumulative Quarterly
OPERATING PROFIT figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
Oil Products 183 484 469 197 -301 15 272 197
Renewable Fuels 2 11 13 1 -9 -2 12 1
Oil Retail 25 31 22 11 -6 9 11 11
Others -29 9 -12 -8 -38 21 -4 -8
Eliminations 5 3 2 3 2 1 -1 3
Total 186 538 494 204 -352 44 290 204
COMPARABLE OPERATING Cumulative Quarterly
PROFIT figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
Oil Products 602 448 275 113 154 173 162 113
Renewable Fuels 2 12 15 2 -10 -3 13 2
Oil Retail 22 27 20 9 -5 7 11 9
Others -29 9 -12 -8 -38 21 -4 -8
Eliminations 5 3 2 3 2 1 -1 3
Total 602 499 300 119 103 199 181 119
DEPRECIATION,
AMORTIZATION
Cumulative Quarterly
AND IMPAIRMENTS figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
Oil Products 175 131 87 46 44 44 41 46
Renewable Fuels 7 5 3 2 2 2 1 2
Oil Retail 31 25 16 8 6 9 8 8
Others 10 7 6 3 3 1 3 3
Total 223 168 112 59 55 56 53 59
CAPITAL EXPENDITURE
AND
Cumulative Quarterly
INVESTMENTS IN SHARES figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
Oil Products 165 118 72 33 47 46 39 33
Renewable Fuels 249 141 77 27 108 64 50 27
Oil Retail 63 41 23 8 22 18 15 8
Others 31 23 20 14 8 3 6 14
Total 508 323 192 82 185 131 110 82
NESTE OIL GROUP
Unaudited
30 30 31
TOTAL ASSETS 31 Dec Sep June March
MEUR 2008 2008 2008 2008
Oil Products 3352 4342 4527 4078
Renewable Fuels 450 318 273 198
Oil Retail 568 747 685 635
Others 265 299 299 294
Eliminations -155 -321 -210 -189
Total 4480 5385 5574 5016
30 30 31
NET ASSETS 31 Dec Sep June March
MEUR 2008 2008 2008 2008
Oil Products 2436 3277 2918 2951
Renewable Fuels 381 265 217 167
Oil Retail 351 351 385 362
Others 201 237 241 220
Eliminations 4 3 1 3
Total 3373 4133 3762 3703
RETURN ON NET ASSETS, 30 30 31
% 31 Dec Sep June March
2008 2008 2008 2008
Oil Products 6,4 21,9 33,1 28,3
Renewable Fuels 0,9 7,4 14,8 2,6
Oil Retail 6,8 11,2 11,7 11,8
COMPARABLE RETURN ON NET 30 30 31
ASSETS, % 31 Dec Sep June March
2008 2008 2008 2008
Oil Products 21,2 20,3 19,4 16,2
Renewable Fuels 0,9 8,1 17,1 5,2
Oil Retail 6 9,7 10,6 9,7
RECONCILIATION BETWEEN OLD AND
NEW SEGMENT STRUCTURE
Cumulative Quarterly
REVENUE figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
+Oil Refining 12030 9933 6170 2546 2097 3763 3624 2546
+Specialty Products 591 479 330 166 112 149 164 166
+Shipping 437 337 223 100 100 114 123 100
+/- Eliminations -417 -329 -210 -97 -88 -119 -113 -97
Oil Products 12641 10420 6513 2715 2221 3907 3798 2715
Cumulative Quarterly
OPERATING PROFIT figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
+Oil Refining 123 415 417 186 -292 -2 231 186
+Specialty Products 19 56 33 5 -37 23 28 5
+Shipping 54 52 30 7 2 22 23 7
-Nynas -13 -39 -11 -1 26 -28 -10 -1
Oil Products 183 484 469 197 -301 15 272 197
Other (old) -42 -30 -23 -9 -12 -7 -14 -9
+Nynas 13 39 11 1 -26 28 10 1
Others (new) -29 9 -12 -8 -38 21 -4 -8
COMPARABLE OPERATING Cumulative Quarterly
PROFIT figures figures
MEUR 1-12 1-9 1-6 1-3 10-12 7-9 4-6 1-3
2008 2008 2008 2008 2008 2008 2008 2008
+Oil Refining 510 379 230 97 131 149 133 97
+Specialty Products 50 56 27 8 -6 29 19 8
+Shipping 55 52 29 9 3 23 20 9
-Nynas -13 -39 -11 -1 26 -28 -10 -1
Oil Products 602 448 275 113 154 173 162 113
Other (old) -42 -30 -23 -9 -12 -7 -14 -9
+Nynas 13 39 11 1 -26 28 10 1
Others (new) -29 9 -12 -8 -38 21 -4 -8
30 30 31
NET ASSETS 31 Dec Sep June March
MEUR 2008 2008 2008 2008
+Oil Refining 1972 2761 2418 2462
+Specialty Products 327 403 387 364
+Shipping 272 287 287 291
- Nynas -135 -174 -174 -166
Oil Products 2436 3277 2918 2951
Other (old) 66 63 67 54
+ Nynas 135 174 174 166
Others (new) 201 237 241 220
