Mesaieed Petrochemical Holding Company Q.s.c. · QSE:MPHC
Mesaieed Petrochemical Holding Company Q.s.c — Mesaieed Petrochemical Holding Company — FY2019 Earnings Presentation
34 slides from Mesaieed Petrochemical Holding Company Q.s.c's earnings presentation, Dec 31, 2019
Slide 1: Mesaieed Petrochemical Holding Company IR Presentation
Mesaieed Petrochemical Holding Company IR Presentation 31 December 2019 “one of the region’s premier diversified petrochemical conglomerates with interests in the production of olefins, polyolefins, alpha olefins and chlor-alkali products.”
Slide 2: Disclaimer
Disclaimer The companies in which Mesaieed Petrochemical Holding Company Q.P.S.C. directly and indirectly owns investments are separate entities. In this press release, “MPHC” and “the group” are sometimes used for convenience in reference to Mesaieed Petrochemical Holding Company Q.P.S.C. This pres
Slide 3: About MPHC
About MPHC 3
Slide 4: About MPHC
About MPHC Mesaieed Petrochemical Holding Company Through its group companies, MPHC Q.P.S.C. (“MPHC” or “the group”; QE: MPHC) operates in 2 business segments - was incorporated on May 29, 2013 and was Petrochemical (Q-Chem / Q-Chem II) listed on the Qatar Stock Exchange on and Chlor-Alkali (QVC
Slide 5: MPHC group structure
About MPHC 65.5% Qatar Petroleum 34.5% Free Float 49.0% MPHC MPHC 55.2% MPHC 49.0% CPCIQH 31.9% Qapco 2.0% QP 12.9% QP 49.0% MPHC 49.0% CPCIQH 2.0% QP Q-Chem Q-Chem II QVC Q-Chem Q-Chem II Ras Laffan Distribution Distribution Olefins Company Company Company (53.31% Q-Chem (100% Q-Chem) (100% Q-Chem
Slide 6: MPHC Board of Directors
MPHC Board of Directors Mr. Ahmad Saif Al Sulaiti Chairman Mr. Mohamed Salem Alyan Almarri Mr. Abdulrahman Ahmad Al Shaibi Vice Chairman Member Mr. Abdulaziz Mohammed Al Mannai Mr. Abdulaziz Jassim Mohd Al Muftah Member Member Mr. Ali Nasser Telfat Mr. Mohammed Essa Al-Mannai Member Member 6 Mesaiee
Slide 7: Competitive Advantages
Competitive Advantages • Assured feedstock supply. • Solid liquidity position. • Competitively priced • Cash flow generation even feedstock. under stressed conditions. • Economies of scale. • Sound dividend record. • Synergy benefits. • Stable EBITDA margin. • Operationally diversified. Strong Low c
Slide 8: Results at glance (2015 to 2019)
Results at glance (2015 to 2019) 8
Slide 9: Results at a glance (2015 to 2019)
Results at a glance (2015 to 2019) Production (MT’000) Utilization (%) Production remained relatively stable since the incorporation of MPHC ▪ Utilization remained relatively in line with the stable production ▪ Selling prices moved inline with the global commodity prices linked to macro-economic co
Slide 10: Results at a glance (2015 to 2019)
Results at a glance (2015 to 2019) Revenue (Million QR) Net Profit (Million QR) In line with product prices, both revenue and net profit witnessed movements ▪ Total assets grew marginally, while the cash and bank balances increased over the period. Total Assets (Million QR) MPHC Head office Cash (Mi
Slide 11: Results at glance (For the year ended 2019)
Results at glance (For the year ended 2019) 11
Slide 12: Key Highlights
Key Highlights For period ended 31 December 2019 (MPHC Share) Production (MT’000) Sales Volumes (MT’000) Selling Prices ($/MT) Production down on last year Sales volumes down on last year All product prices, except EDC and 1- due to the unplanned in line with the drop in production Hexene, down on l
Slide 13: Net Profit Variance Analysis (versus Actual 2019)
Net Profit Variance Analysis (versus Actual 2019) QR in Million Year-on-year performance lowered by QR 202 million due to: Unfavorable variance • Reduced product prices -15% • Lowered sales volumes -5% Favorable variance • Lower feedstock costs due to decline in ethylene unit price and feedstock cos
Slide 14: Geographic analysis – MPHC Group revenue
Geographic analysis – MPHC Group revenue Asia remained the Group’s largest market in 2019, while its presence in Indian sub-continent and Europe continued to be substantial Europe 26% Qatar Middle East 2% Asia 3% 33% Africa Indian sub-continent 6% 30% 14 Mesaieed Petrochemical Holding Company, IR Pr
Slide 15: Dividends & Market Statistics
Dividends & Market Statistics 15
Slide 16: Dividends & Market Statistics (2013-2019)
Dividends & Market Statistics (2013-2019) Payout Ratio (%) Dividend per share 0.12 85% 0.1 81% 81% 77% 80% 0.08 76% 74% 0.06 72% 0.11 75% 72% 0.04 0.07 0.07 0.07 0.06 0.08 70% 0.02 0.04 0 65% 2013 2014 2015 2016 2017 2018 2019 * Market Capitalization (QR billion) 37.1 31.6 24.4 19.9 15.8 18.9 2014 2
Slide 17: Segment Details
Segment Details 17
Slide 18: Te
Te
Slide 19: Segmental Details: Petrochemical
Segmental Details: Petrochemical Q-Chem and Q-Chem II are both owned 49% by MPHC, 49% by Chevron Phillips Chemical International Qatar Holdings L.L.C., and 2% by QP; Q-Chem II also has an effective ownership of 53.85% in Ras Laffan Olefins Company Limited which owns an ethane cracker which provi
Slide 20: Segmental Details: Petrochemical (MPHC Share)
Segmental Details: Petrochemical (MPHC Share) Production: Production down marginally by 2% on last year, affected by unplanned shutdowns; Production increased during the 4th quarter by 18% compared to the 3rd quarter of 2019, due to lesser shutdowns. Selling Prices: Down on last year by 16%, d
Slide 21: Segmental Details: Petrochemical (MPHC Share)
Segmental Details: Petrochemical (MPHC Share) Revenue: QR 2.2 billion, down by 18% on last year. Decrease due to lower product prices; Revenue of QR 499 million for the 4th Quarter, down by 10% compared to the 3rd quarter of 2019 on back of softening selling prices by 10%. Net profit: QR 874 m
Slide 22: Segmental Details: Petrochemical
Segmental Details: Petrochemical Asia remains a main market for Petrochemical segment Europe and Indian sub-continent remains other key markets 2019 Segment Revenue (%) 2018 Segment Revenue (%) 1% 4% 2% 3% 3% 8% 9% 37% 39% 31% 28% 16% 19% Asia Africa Americas Indian sub-continent Middle East Eur
Slide 23: Slide 23
Slide 24: Segmental Details: Chlor-Alkali
Segmental Details: Chlor-Alkali Qatar Vinyl Company Limited Q.S.C. (“QVC”) is owned 55.2% by MPHC, 31.9% by Qapco and 12.9% by QP; QVC’s operations have been integrated with Qapco, bringing additional synergies to the group. The segment is engaged in the production of a range of chlor-alkali p
Slide 25: Segmental Details: Chlor-Alkali (MPHC Share)
Segmental Details: Chlor-Alkali (MPHC Share) Production: Production down by 4% on last year, affected by unplanned shutdowns; Production increased during the 4th quarter by 13% compared to the 3rd quarter of 2019, due to lesser shutdowns. Selling Prices: Down on last year by 13%, due to overal
Slide 26: Segmental Details: Chlor-Alkali (MPHC Share)
Segmental Details: Chlor-Alkali (MPHC Share) Revenue: QR 680 million, down by 21% on last year. Decrease due to lower prices (13%) and volumes (9%); Revenue of QR 176 million for the 4th Quarter, up by 16% compared to the 3rd quarter of 2019 on better production levels and sales volumes. Net p
Slide 27: Segmental Details: Chlor-Alkali
Segmental Details: Chlor-Alkali Indian sub-continent remains a main market for Chlor-Alkali segment 2019 Segment Revenue (%) 2018 Segment Revenue (%) 1% 2% 3% 9% 5% 4% 3% 4% 13% 3% 74% 79% Asia Africa Americas Indian sub-continent Middle East Europe Qatar 27 Mesaieed Petrochemical Holding Company,
Slide 28: CAPEX (2020 - 2024) – MPHC share
CAPEX (2020 - 2024) – MPHC share o Cumulative CAPEX spend of QR 1.2 billion CAPITAL EXPENDITURE (in QR Million) across all segments during 2020-2024; 2020 2021 2022 2023 2024 New Furnance 49.0 93.8 25.2 - - o QChem/QChem II NAO Tanks upgrade 12.0 6.8 3.6 13.8 8.9 • CAPEX of QR 996 million planned du
Slide 29: Sales and Marketing
Sales and Marketing 29 INDUSTRIES QATAR | Quarterly Financial Update (2014 Q4) | Page 29
Slide 30: Sales and Marketing
Sales and Marketing • Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C. (trading as “Muntajat”), a wholly-owned company of the government of the State of Qatar, has the exclusive rights to purchase, market, sell and distribute the State’s production of petrochemical regula
Slide 31: Governance Structure
Governance Structure 31
Slide 32: Governance
Governance Board Structure Board Committees MPHC Board of Directors consists of seven (7) The Board of Directors established Board Committees Directors, all of whom were appointed by the Special and Special Committees to carry out specific tasks. The Shareholder, which is Qatar Petroleum. QP app
Slide 33: Governance
Governance Remuneration • Board of Directors Shareholders rights The Company has developed a periodically The Company’s Articles of Associations provide for the rights revisited remuneration policy for Board of shareholders, particularly the rights to receive dividends, members. The policy has f
Slide 34: For further information, contact Mesaieed Petrochemical Holding Company
For further information, Mesaieed Petrochemical Holding Company can be contacted as follows: Telephone: (974) 4013 2080 Fax: (974) 4013 9750 Email: mphc@qp.com.qa Address: PO Box 3212, Doha, State of Qatar Please refer to www.mphc.com.qa for the latest information, publications, press releases and p
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