Saudi Industrial Investment Group · TADAWUL:2250
Saudi Industrial Investment — Q1 2025 Earnings Presentation
29 slides from Saudi Industrial Investment's earnings presentation, May 20, 2025
Slide 1: Saudi Industrial Investment Group Q1 2025 Earnings Presentation
Saudi Industrial Investment Group Q1 2025 Earnings Presentation 20th May, 2025
Slide 2: Table of Contents
Table of Contents Highlights 03 Operational Updates 09 Financial Results 13 Outlook 18 Appendix 21 Q1 2025 Earnings Presentation 2
Slide 3: Strong operational performance in Q1 2025 offset by lower product margins
Highlights | Operations | Financials | Outlook | Appendix Strong operational performance in Q1 2025 offset by lower product margins • Strong operational performance with high Sales Volume (Kmt)* Share of Profits from Jvs (¥ Mn) Net Profit (¥ Mn) utilization levels in Q1 893 31 18 • Product prices re
Slide 4: Market Updates
Highlights | Operations | Financials | Outlook | Appendix Market Updates • Significant uncertainty about the final tariff rates, and products that will be excluded from the rules • The tariffs announcement has led to lower global GDP growth expectations, driving crude and petrochemical prices lower
Slide 5: Capital prioritization
Highlights | Operations | Financials | Outlook | Appendix Capital prioritization Priority 1 Priority 2 Priority 3 Essential Shareholder More value Capex Returns creation Sustaining the current business operations Providing stable returns to shareholders in terms of Investments in current dividends,
Slide 6: Continue to generate positive cash flows and maintain a solid cash conversion rate
Highlights | Operations | Financials | Outlook | Appendix Continue to generate positive cash flows and maintain a solid cash conversion rate through the cycle SIIG's attributable CFO (¥ Mn) from JVs and Highlights conversion rate (%) • Generating positive cash flow from operations 105% 83% 138% 62%
Slide 7: ESG and sustainability Initiatives
Highlights | Operations | Financials | Outlook | Appendix ESG and sustainability Initiatives Alignment to UN SDGs Hazardous waste generated Materiality Assessment 7,769 6,709 Governance & Business Ethics Occupational Health & Safety 4,513 Economic Performance Climate Change & Energy Mngt. Human Capi
Slide 8: Outstanding safety performance record
Highlights | Operations | Financials | Outlook | Appendix Outstanding safety performance record Injuries per 200,000 hours worked Highlights 0.07 • JVs reached over 800 days without a Tier 1 & more than 1,300 days without a Tier 2 Process Safety Event 0.06 • Continued commitment to safe working envi
Slide 9: Operational Updates
Operational Updates
Slide 10: Sales distribution by products and region
Highlights | Operations | Financials | Outlook | Appendix Sales distribution by products and region Aromatics 450 Kt, +67% YoY, Cyclohexane ¥1,416mn , +51% YoY 72.6Kt, +38% YoY AHM Europe* 192Kt, +37% YoY ¥592mn, +13% YoY Styrene 185 Kt, 142% YoY Asia* Polyethylene ¥641mn, +29% YoY 292Kt, +11% YoY P
Slide 11: Aromatics: Strong volume growth, but lower product prices offset the top line growth
Highlights | Operations | Financials | Outlook | Appendix Aromatics: Strong volume growth, but lower product prices offset the top line growth Styrene Sales (Kmt) and Utilization (%) Benzene Sales (Kmt) and Utilization (%) Cyclohexane Sales (Kmt) and Utilization (%) 39% 103% 104% 49% 95% 91% 42% 68%
Slide 12: Polymers: Improved utilization was offset by lower product margins
Highlights | Operations | Financials | Outlook | Appendix Polymers: Improved utilization was offset by lower product margins for the Polymer business Polyethylene Sales (Kmt) and Utilization (%) PE price trend (Idexed to 100) * Highlights 103% 93% 105% • Utilization remained strong supported +11% by
Slide 13: Financial Results
Financial Results
Slide 14: Share of profits from JVs declined due to lower margins in the Polymers business
Highlights | Operations | Financials | Outlook | Appendix Share of profits from JVs declined due to lower margins in the Polymers business, tricking down to the bottom line SIIG Share of Net Profit Movement YoY (¥ Mn) ¥ Mn 1Q 2025 1Q 2024 Δ% 4Q 2024 Δ% Aromatics Polymers +18 -35 Income Statement 3 (
Slide 15: Aromatics: Financial performance marred by weak product margins
Highlights | Operations | Financials | Outlook | Appendix Aromatics: Financial performance marred by weak product margins Revenues (external) (¥ Mn) Gross Profit (¥ Mn) and Margins (%) EBITDA (¥ Mn) and Margins (%) 8.9% 0.6% 8.3% 17.8% 8.4% 15.2% +51% +41% +30% 1,370 1,416 117 216 83 167 935 115 8 +
Slide 16: Polymers: Financial performance hit by higher feedstock costs
Highlights | Operations | Financials | Outlook | Appendix Polymers: Financial performance hit by higher feedstock costs in a weak pricing environment Revenues (external) (¥ Mn) Gross Profit (¥ Mn) and Margins (%) EBITDA (¥ Mn) and Margins (%) 11.6% 3.6% 2.6% 19.0% 11.7% 15.4% +6% -14% -76% 1,424 1,4
Slide 17: Received healthy dividends from the JVs due to low capex requirements
Highlights | Operations | Financials | Outlook | Appendix Received healthy dividends from the JVs due to low capex requirements SCP: Investment Value (¥ Mn) JCP: Investment Value (¥ Mn) +2% +7% 598 14 612 377 27 404 FY 24 Share of Profit 1Q 25 FY 24 Share of Profit 1Q 25 SPCo: Investment Value (¥ Mn
Slide 18: Outlook
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Slide 19: Outlook
Highlights | Operations | Financials | Outlook | Appendix Outlook View • Petrochemical product prices likely to be weak in the next quarter, despite easing tariff concerns • Styrene prices likely to be stable in the next quarter, but additional capacity from China to exert downward pressure on price
Slide 20: Q&A
Q&A
Slide 21: Appendix
Appendix
Slide 22: Planned turnaround schedule
Highlights | Operations | Financials | Outlook | Appendix Planned turnaround schedule Saudi Chevron Saudi Chevron Saudi Chevron Saudi Chevron Phillips (SCP) Phillips (SCP) Phillips (SCP) Phillips (SCP) 34 days 28 days 28 days 38 days Q4 2025 2027 2029 2026 2028 2030 Jubail Chevron Saudi Polymers Jub
Slide 23: SIIG: Three decades of growth
Highlights | Operations | Financials | Outlook | Appendix SIIG: Three decades of growth • Established in 1996, Saudi Industrial Investment Group is an investment Arabian Chevron Phillips holding company Petrochemical Company • Primarily invested in petrochemical manufacturing assets in Saudi Arabia
Slide 24: SIIG's Petrochemical complex projects are complementary to each other
Highlights | Operations | Financials | Outlook | Appendix SIIG’s Petrochemical complex projects are complementary to each other Aromatic Saudi Chevron Hydrocarbons Phillips (SCP) Mixture (780Kta) Benzene Cyclohexane (835Kta) (355Kta) Jubail Chevron Styrene (730Kta) Phillips (JCP) ADCO Propylene (150
Slide 25: Financial Statements – Income Statement
Highlights | Operations | Financials | Outlook | Appendix Financial Statements – Income Statement ¥ Mn 1Q 2025 4Q 2024 Δ% 1Q 2024 Δ% Income Statement Share of Profits from JVs 31 (67) -147% 47 -34% General & administrative expenses (12) (21) -45% (12) -1% Operating profit (loss) 20 (89) NM 35 -44% F
Slide 26: Financial Statements – Cash Flow Statement
Highlights | Operations | Financials | Outlook | Appendix Financial Statements – Cash Flow Statement ¥ Mn 1Q 2025 4Q 2024 Δ% 1Q 2024 Δ% Cash Flow Statement Cash flows from operating activities Profit (loss) before zakat 29 (80) -136% 42 -31% Depreciation 0 0 +45% 0 +13% Share of net (profit) loss of
Slide 27: Financial Statements – Balance Sheet
Highlights | Operations | Financials | Outlook | Appendix Financial Statements – Balance Sheet ¥ Mn 1Q 2025 4Q 2024 Δ% 1Q 2024 Δ% Balance Sheet Property & equipment 2 2 -11% 2 -3% Investments accounted for using the equity method 5 8,288 8,330 -1% 8,939 -7% Other assets 8 6 +20% 5 +49% Total Non-cur
Slide 28: Disclaimer
Highlights | Operations | Financials | Outlook | Appendix Disclaimer Saudi Industrial Investment Group (Company), prepared this presentation on a proprietary basis as general background information about the activities of company. The information contained herein is given in summary form and for dis
Slide 29: Thank you
Thank you Contact Us: Investor Relations Team Email: IR@siig.com.sa Phone: +966 11 279 2522 – Ext 305
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