Petkim Petrokimya Holding Anonim Sirketi · BIST:PETKM
Petkim Petrokimya Holding Anonim Sirketi — Petkim Petrokimya Holding A.Ş. — Q2 2017 Earnings Presentation
15 slides from Petkim Petrokimya Holding Anonim Sirketi's earnings presentation, Aug 14, 2017
Slide 1: 2Q17 Results Investor Presentation
2Q17 Results Investor Presentation 14/08/2017
Slide 2: Ethylene – Naphtha spread averaged US$ 705/ton in 2Q17
Ethylene – Naphtha spread averaged US$ 705/ton in 2Q17 • Ethylene-naphtha spreads increased by 23% from the average of US$ 574/ton in the 1Q17 to US$ 705/ton in the 2Q17. • Ethylene Lower – Naphtha feedstock prices havespread providedaveraged US$ an increase in 705/ton margins in 2Q17 for naphtha ba
Slide 3: PLATT’s Index averaged US$ 918 per ton in 2Q17
PLATT’s Index averaged US$ 918 per ton in 2Q17 • The trend has been downward reflecting a lower oil price in the second quarter. PLATT’s index decreased to $918 per ton in 2Q17 from $991 per Index PLATT’s ton in 1Q17. averaged US$ 918 per ton in 2Q17 • Alongside product availability, the crude oil p
Slide 4: Feedstock vs. Product Prices in 2Q17
Feedstock vs. Product Prices in 2Q17 Petkim - Thermoplastics & Naphtha Spread • Thermoplastics naphtha spread remain elevated Feedstock 1.197 1.263 vs. Product 1.230 1.232 Prices 1.263 1.241 1.230 1.293 in1.2352Q17 1.284 1.305 1.284 1.224 and provided strong margin contribution from the 1.181 1.117
Slide 5: Costs and Operational Efficiency in 2Q17
Costs and Operational Efficiency in 2Q17 Plant Cost Base Breakdown 2Q17 Ethylene Facility Capacity Utilization Rate 3,5% 102% 100% 104% 5,2% 99% 99% 101% 98% 99% 97% 96% 98% 98% 97% 92% 94% 8,4% Raw material Energy Labor Other 51% 82,8% Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16
Slide 6: In 2Q17 Petkim recorded TL 1.810mn sales via 512k ton volume
In 2Q17 Petkim recorded TL 1.810mn sales via 512k ton volume Sales Volume (ton k)- 2Q17 2Q17 Volume: 512k ton Revenue (TL mn)- 2Q17 2Q17 Revenue: TL1.810mn In 2Q17 Petkim recorded TL 1.810mn sales via 512k 457 ton volume 101 94 278 185 45 159 37 38 143 33 32 30 30 104 103 101 27 89 87 23 61 18 34 6
Slide 7: PETKIM 2Q17 Income Statement
PETKIM 2Q17 Income Statement TL mn 2Q16 2Q17 Sales PETKIM 2Q17 Income Statement 2.285,7 3.626,4 Cost of sales (1.806,5) (2.687,7) Gross Profit 479,2 938,7 Gross profit % 21,0% 25,9% Marketing and sales expenses (21,0) (28,6) General admin. Expenses (72,6) (102,0) R&D Expenses (6,4) (7,6) Operating p
Slide 8: PETKIM 2Q17 Balance Sheet
PETKIM 2Q17 Balance Sheet TL mn 12M16 6M17 Cash and cash equivalents 1.267,2 1.022,1 PETKIM 2Q17 Balance Sheet Trade receivables 674,5 778,6 Inventory 604,3 654,0 Other receviables 30,8 42,4 Other current assets 83,2 110,7 Current assets 2.659,9 2.607,8 Non current assets 3.608,6 3.706,5 Total Asset
Slide 9: PETLIM – Operations Commenced in December 2016
PETLIM – Operations Commenced in December 2016 • PETLIM Port Project has 1.5 million TEU container handling capacity, 42 hectare main port area, 8 hectare off- dock service area terminal port. • APMT and Petkim’s 70% subsidiary PETLIM has a revenue sharing agreement for the 28 years (+4 years option
Slide 10: Petkim - Wind Power Plant
Petkim - Wind Power Plant • Petkim is setting up a wind power plant with a total capacity of 51MW at the Petkim Peninsula. • The WPP is planned to generate 200GWh electricity per annum. • PETKİM signed an agreement with ALSTOM RENOVABLES ESPAÑA S.L.U and ALSTOM Power ve Ulaşım A.Ş (Alstom Türkiye) c
Slide 11: STAR Refinery
STAR Refinery • STAR Refinery will have 10 million tons /year crude oil refining capacity. • Petkim signed a 20-year off-take agreement with STAR Rafineri A.Ş to offtake 270,000 tonnes mixed-xylene and 1,600,000 tonnes naphtha annually. • Naphtha price will be set as the Platts’ FOB MED spot market
Slide 12: Appendix 1. Petrochemical Complex Flow Chart
Appendix 1. Petrochemical Complex Flow Chart LDPE Bag, greenhouse covers, film, cable, toys, pipes, bottles, (350.000 ton/year) hose, packaging Ethylene Plant HDPE Construction and water pipes, packaging film, toys, (96.000ton/year) bottles, soft drink crates, barrels MEG Polyster fiber, polyester f
Slide 13: Appendix 2. PETKIM’s Ownership Structure
Appendix 2. PETKIM’s Ownership Structure State Oil Company of Azerbaijan Goldman Sachs Republic Petkim Stock Performance 87% 100% Refinery SOCAR Turkey Energy Holding (RHAŞ) 100% SOCAR Turkey Yatırım A.Ş. (RHAŞ 60%) (MED 40%) 100% SOCAR Turkey Petrochemicals STAR Refinery 51% Closing Closing Price P
Slide 14: Investor Relations
Investor Relations We welcome your questions, comments and suggestions. Our corporate headquarters office address is: Petkim Petrochemical Holding Corp. PO. Box.12 Aliağa, 35800 İzmir/ TURKEY To contact us with respect to shareholding relations for individual and corporate investors, please call dir
Slide 15: Disclaimer
Disclaimer This presentation is confidential and does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Petkim Petrokimya Holding A.Ş. (the “Company”) or any member of its group nor should it or
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