China Petroleum & Chemical Corporation Class A · SSE:600028
China Petroleum & Chemical Corporation Class A — Sinopec — Q3 2011 Earnings Presentation
13 slides from China Petroleum & Chemical Corporation Class A's earnings presentation, Oct 28, 2011
Slide 1: Q3 2011 Results Announcement
Sinopec Corp. Q3 2011 Results Announcement 28 October 2011
Slide 2: Disclaimer
Disclaimer Financial data of the third quarter 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, that address activ
Slide 3: Market Environment in Q1-Q3 2011
Market Environment in Q1-Q3 2011 China’s GDP grew by 9.4% in the first nine months of 2011 International crude oil prices increased significantly yoy Domestic demand for oil products and chemical products increased with slower pace 2011-10-28 3
Slide 4: Financial Performance
Financial Performance Operating Profit of Each Segment RMB millions 1-9’11 1-9’10 Change % RMB million 60000 Turnover and other 50000 1,875,102 1,427,622 31.3 operating revenues 40000 30000 Operating profit 87,461 81,838 6.9 20000 10000 Net profit attributable 0 61,396 56,431 8.8 to equity E&P Refin
Slide 5: Financial Position
Financial Position RMB million 30 Sep 2011 31 Dec 2010 Short-term debt 56,592 17,019 Long-term debt 123,974 136,465 Total equity attributable to equity 464,488 419,604 shareholders of the company RMB million 1-9’11 Net cash flow generated from operating activities 78,074 Net cash flow used in invest
Slide 6: E&P—Operational Summary & Performance
E&P—Operational Summary & Performance 1-9’11 1-9’10 Change % Oil and gas production (mm boe) 303.27 300.73 0.8 Crude oil production (mm bbls) 239.56 248.54 (3.6) China 226.81 225.65 0.5 Africa 12.75 22.89 (44.3) Natural gas production (bcf) 382.25 313.18 22.1 Realized price of crude oil (US$/bbl) 98
Slide 7: Refining—Operational Summary & Performance
Refining—Operational Summary & Performance 1-9’11 1-9’10 Change % Refinery throughput (kbpd) 4,370 4,218 3.6 Gasoline production (mm tonnes) 27.59 26.89 2.6 Diesel production (mm tonnes) 57.63 55.99 2.9 Kerosene incl. jet fuel production (mm tonnes) 10.23 9.37 9.2 Light chemical feedstock production
Slide 8: Marketing—Operational Summary
Marketing—Operational Summary 1-9’11 1-9’10 Change % Total sales of refined oil products (mm tonnes) 121.58 110.24 10.3 Domestic sales of refined oil products(mm tonnes) 113.57 104.35 8.8 Retail (mm tonnes) 75.55 64.14 17.8 Distribution (mm tonnes) 24.12 24.43 (1.3) Wholesale (mm tonnes) 13.90 15.78
Slide 9: Marketing—Performance
Marketing—Performance Maximum retail price of Operating Profit RON 90# gasoline and 0# diesel of Marketing Segment RMB million RMB/tonne USD/bbl 35,000 11000 31,888 120 10000 30,000 9000 100 8000 80 25,000 23,306 7000 60 20,000 6000 RON 90# Gasoline 40 5000 0# Diesel 15,000 Dubai Crude (right scale)
Slide 10: Chemicals—Operational Summary
Chemicals—Operational Summary ‘000 tonnes 1-9’11 1-9’10 Change % Ethylene 7,356 6,610 11.3 Synthetic resins 10,067 9,532 5.6 Synthetic rubbers 746 719 3.8 Monomers & Polymers for synthetic fibers 7,086 6,524 8.6 Synthetic fibers 1,044 1,030 1.4 Urea 680 1,128 (39.7) Note: The above data includes 100
Slide 11: Chemicals—Performance
Chemicals—Performance Operating Profit Chemical Product Price Index (CPPI) of Chemicals Segment RMB million 300 25,000 23,688 250 20,000 200 15,000 150 10,373 100 10,000 50 5,000 0 0 Index Difference CPPI Naphtha Price Index 1-9'10 1-9'11 Source: Sinopec 2011-10-28 11
Slide 12: Capital Expenditure
Capital Expenditure Total Capex for Q1-Q3: RMB 57.028 bn E&P RMB billion Shengli Tanhai Oilfield, northwest Tahe Oilfield and northeastern Sichuan natural gas project as well as Shandong LNG project. 6.801 0.934 Refining Diesel quality upgrading; Revamping 23.266 crude adaptability; Construc
Slide 13: For Further Information
For Further Information http://www.sinopec.com Investor Relations Media Relations Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 Tel: (8610)59960028 Email: ir@sinopec.com Fax: (8610) 59960386 Hong Kong: Tel: (852) 28242638 Fax: (852) 28243669 Email: media@sinopec.com Email: ir@sinopechk.com New