Lotte Chemical Titan Holdings Bhd · MYX:LCTITAN
Lotte Chemical Titan Holdings Bhd — Q3 2021 Earnings Presentation
16 slides from Lotte Chemical Titan Holdings Bhd's earnings presentation, October 2021
Slide 1: Analyst Briefing 3Q FY2021
A nalyst B rl efi ale @ corte cHEMICAt) Tran Lifetime 3Q FY 2021 Creator
Slide 2: Disclaimer
Disclaimer These materials have been prepared by Lotte Chemical Titan Holding Berhad (“LCT” or the “Company”) solely for informational purposes and are strictly confidential and may not be reproduced or redistributed to any other person. It is not the Company’s intention to provide, and you may not
Slide 3: Key Performance Highlights: 9M FY2021 v. 9M FY2020
Key Performance Highlights: 9M FY2021 v. 9M FY2020 Profit from Operations Surged 1. Profit from operations surged YoY [Unit: RM mil ; YoY Growth %] I. Revenue surged YoY from notably higher key product ASP levels compared to previous year II. Notable operational performance improvement 1,055 despite
Slide 4: Manufacturing Performance – Production Volume
Manufacturing Performance – Production Volume Operating Rate % [Unit: KMT, %] M’sia: Major 90% 88% M’sia: 86% 86% 85% 86% Statutory TA statutory TA 83% 81% 76% 66% 2,221 2,160 809 238 773 766 761 776 765 251 67 87 1,983 92 78 84 79 680 1,909 585 75 72 706 674 722 683 692 686 605 513 Q4'19 Q1'20 Q2'2
Slide 5: Group Income Statement
Group Income Statement [Unit: RM mil] QoQ YoY 2Q 2021 3Q 2021 3Q 2020 Change % Change % Sales Revenue 2,542 2,237 -12% 1,941 15% Sales Volume (KMT) 494 443 -10% 560 -21% Net Profit 384 48 -88% 78 -38% Earning Per Share (sen) 16.8 2.1 -88% 3.5 -40% EBITDA 585 240 -59% 279 -14% EBITDA Margin 23% 11% -
Slide 6: Group Income Statement (cont.)
Group Income Statement (cont.) [Unit: RM mil] YTD YoY YTD 3Q 2020 YTD 3Q 2021 Change % Sales Revenue 4,979 7,146 44% Sales Volume (KMT) 1,478 1,455 -2% Net Profit 4 873 >210x Earning Per Share (sen) -0.1 38.3 >380x EBITDA 485 1,472 204% EBITDA Margin 10% 21% 11%P Performance Highlights 1. YTD sales
Slide 7: Balance Sheet
Balance Sheet Maintaining a strong and healthy balance sheet with positive cash balance of RM 5,058 Mil • IPO cash balance: RM 2,456 Mil • Internal generated cash balance: RM 2,602 Mil Strong increase in YoY cash balance resulting from higher internally generated funds, partially offset by spend
Slide 8: Cumulative Cash Flow – 3Q FY 2021
Cumulative Cash Flow – 3Q FY 2021 3000 [Unit: RM mil] 2500 2000 -821 +1,183 +31 1500 Investing Operating Financing Activities Activities Activities & Exchange rate effect 1000 +1,661 +1,268 500 Beginning End of period of period 0 Operating activities : Net cash generated from operations Investin
Slide 9: IPO Funding Utilization
IPO Funding Utilization [Unit: RM mil] Actual Budgeted Utilization Use of Proceeds Utilization as at Balance Amount % 30 Sep 2021 LINE Project (Note1) 2,634 507 2,127 19% TE3 Project 220 220 0 100% PP3 Project (Note2) 607 607 0 100% Listing Expenses (Note3) 83 83 0 100% TOTAL 3,544 1,417 2,127 40% N
Slide 10: Recent Market Price Trend & Condition
Recent Market Price Trend & Condition [Unit: USD/MT] Crude Oil & Naphtha: Margin Spread Polymers ASP **Naphtha Brent was at 3-year high in end-Sep amid growing demand, 1,600 tight supply and depleting US inventories. OPEC+ slow easing of oil output cuts continues to support prices. On the downside,
Slide 11: Key Project – Status Update as at 3Q FY 2021
Key Project – Status Update as at 3Q FY 2021 Location Capacity Status In view of the increase in worldwide COVID-19 vaccinations and opening up of global economies, Lotte Chemical the Company has decided that it is the appropriate Indonesia New Merak, Ethylene 1,000 KT & other time to proceed with t
Slide 12: Appendix
Lifetime APPENDIX Value Creator APPENDIX 0) LOTTE CHEMICAL) TITAN
Slide 13: Quarterly Performance
Quarterly Performance [Unit: RM mil] FY 2020 FY 2021 Indicators 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q YTD Revenue 1,462 1,576 1,941 1,922 6,901 2,367 2,542 2,237 7,146 Sales Vol. 400 517 561 493 1,971 518 494 443 1,455 (KMT) EBITDA -56 262 279 345 830 647 585 240 1,472 Net Profit -170 96 78 150 154 441 384
Slide 14: Historical Product Price
Historical Product Price [Unit: USD/MT] Product Q4/2019 Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021 Q2/2021 Q3/2021 Ethylene 740 679 557 748 867 958 990 992 HDPE 861 839 761 932 1,003 1,134 1,143 1,129 LDPE 912 910 835 1,012 1,272 1,506 1,461 1,389 PP 1,058 983 857 966 1,175 1,399 1,363 1,264 Benzene 67
Slide 15: IR Contact
IR Contact IR Contact For any queries on Investor Relations matters, you can contact the following directly: Investor Relations 6th Floor, Bangunan Malaysian RE, No. 17, Lorong Dungun, Damansara Heights,50490, Kuala Lumpur, Malaysia. Tel: +603-2093 4222 Email: communication@lottechem.my
Slide 16: Mission
MISSION = AEST} AL} HIT} MWAS MIZIOH o| LIFO| SQLS AO] 7/OFStCt We enrich people's lives by providing superior products and services that our customers love and trust @o LOTTE CHEMICAL) TITAN
Lotte Chemical Titan Holding Berhad — Q3 2021 Earnings Presentation on 6ix