China Petroleum & Chemical Corporation Class A · SSE:600028
China Petroleum & Chemical Corporation Class A — Q3 2022 Earnings Presentation
17 slides from China Petroleum & Chemical Corporation Class A's earnings presentation, Oct 28, 2022
Slide 1: 3Q 2022 Results Announcement
China Petroleum & Chemical Corporation 3Q 2022 Results Announcement October 28 2022 中国石油化工股份有限公司 S I N O P E C C O R P.
Slide 2: Cautionary Statement
Cautionary Statement Financial data of the first three quarters contained in the presentation and presentation materials are unaudited. This presentation and the presentation materials distributed herein include forward-looking statements. All statements, other than statements of historical facts, t
Slide 3: Market Environment in 3Q 2022
Market Environment in 3Q 2022 China effectively coordinated pandemic prevention and control with economic and social development, GDP grew by 3.0% in the first nine months YoY Domestic economy recovered in 3Q with GDP grew by 3.9% YoY International crude oil prices fluctuated with an upward tr
Slide 4: Achieved Good Profitability
Achieved Good Profitability Profit Attributable to Shareholders of the Company YoY RMB million 1-9’20 1-9’21 1-9’22 Change % RMB Million 60,892 57,284 Revenue 1,552,536 2,001,691 2,453,322 22.6 EBIT 45,567 102,254 87,363 (14.6) 24,445 Profit Attributable to 24,445 60,892 57,284 (5.9) Shareholders of
Slide 5: Financial Position
Financial Position RMB million As of Dec. 31, 2021 As of Sep. 30, 2022 Total Assets 1,889,255 2,050,519 Short-term Interest-bearing Debt 38,125 135,010 Long-term Interest-bearing Debt 91,990 94,935 Total Equity Attributable to 774,182 780,394 Shareholders of the Company Liability-to-Asset Ratio 51.5
Slide 6: Cash Flow
Cash Flow Focused on reducing the occupation of Accounts Receivable and Inventory and improved turnover efficiency of current assets Achieved a quarter by quarter improvement YoY RMB million 1-9’20 1-9’21 1-9’22 Change % Net Cash Generated from/ (Used in) 84,230 116,744 59,244 (49.3) Operating A
Slide 7: Focused on Corporate Value and Safeguarded Shareholders' Interests
Focused on Corporate Value and Safeguarded Shareholders' Interests First launched share buyback in A and H markets Resolution in relation to the share buyback mandate approved by the annual general meeting on 18 May Resolution in relation to the share buyback program approved by the board meet
Slide 8: Upstream – Improved Reserves, Production and Profitability
Upstream – Improved Reserves, Production and Profitability Enhanced efforts in exploration and development, and achieved breakthrough Accelerated capacity building, oil and gas production up by 2.3% YoY Optimized natural gas value chain, and improved performance 1-9’20 1-9’21 1-9’22 YoY Change
Slide 9: Upstream – Strong Increase in Profitability
Upstream – Strong Increase in Profitability Realized Price of Crude Oil Lifting Cost USD/bbl USD/bbl 94.2 16.2 16.6 15.1 60.9 38.2 1-9’20 1-9’21 1-9’22 1-9’20 1-9’21 1-9’22 Realized Price of Natural Gas E&P EBIT 勘探及开发板块息税前利润 RMB Million USD/thousand cubic feet 7.54 单位：人民币百万元 46,245 6.74 5.32 10,904
Slide 10: Refining – Strengthened Optimization and Synergy
Refining – Strengthened Optimization and Synergy Leveraged integration advantage, dynamically adjusted utilization rate and product slate Optimized the procurement arrangement and allocation of crude oil resources Steadily shifted from refined oil products to chemical feedstock and refining sp
Slide 11: Refining – Profitability
Refining – Profitability Refining Margin EBIT of Refining USD/bbl RMB million 11.30 8.34 54,294 3.39 1-9’20 1-9’21 1-9’22 Cash Operating Cost 20,645 USD/bbl 4.50 4.17 3.48 (1,868) 1-9’20 1-9’21 1-9’22 1-9’20 1-9’21 1-9’22 中国石油化工股份有限公司 11 S IN O PE C C O R P.
Slide 12: Marketing – Enhanced Market Position
Marketing – Enhanced Market Position Strengthened integration of production and marketing, leveraged integration and network advantage Implemented precision marketing strategy and actively expanded end market Actively transformed into an integrated energy service provider of refined oil produc
Slide 13: Marketing – Profitability
Marketing – Profitability Marketing Cash Operating Cost EBIT of Marketing RMB/tonne RMB million 201.74 174.28 178.55 27,221 24,316 23,154 1-9’20 1-9’21 1-9’22 Profit of Non-fuel Business RMB million 3,362 3,473 3,026 1-9’20 1-9’21 1-9’22 1-9’20 1-9’21 1-9’22 中国石油化工股份有限公司 13 S IN O PE C C O R P.
Slide 14: Chemicals – Strengthened Structural Optimization
Chemicals – Strengthened Structural Optimization Dynamically optimized feedstock and product slate, increased product exportation Optimized utilization rate based on profitability, and kept high utilization rates for profitable production units, such EVA, BR etc. Successful accomplishment of c
Slide 15: Chemicals – Profitability
Chemicals – Profitability Chemical All-in Cost EBIT of Chemicals RMB/tonne RMB million 1,398 1,508 1,265 23,257 1-9’20 1-9’21 1-9’22 Chemical Products Price Index 100 (CPPI) 200 7,024 50 100 0 0 (1,061) Sep-20 Sep-21 Sep-22 Index Spread CPPI Naphtha Price Index 1-9’20 1-9’21 1-9’22 中国石油化工股份有限公司 15 S
Slide 16: Capital Expenditure
Capital Expenditure Capital expenditure in the first three quarters was RMB 104 billion RMB 100 million Upstream: RMB 51.6 Bn Mainly for oil & gas capacity building, and storage 1,040 & transportation facilities construction 897 Refining: RMB 13.6 Bn Mainly for construction of Anqing and Y
Slide 17: Contact Information
Contact Information Investor relations Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 Email: ir@sinopec.com Hong Kong: Tel: (852) 28638020 Fax: (852) 28243669 Email: ir@sinopec.com Houston: Tel: (832) 834 2431 Fax: (713) 544 8878 Email: alpinewu@sinopec.com www.sinopec.com
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