China Aviation Oil (singapore) Corporation Ltd · SGX:G92
China Aviation Oil (singapore) — FY2012 Earnings Presentation
27 slides from China Aviation Oil (singapore)'s earnings presentation, Feb 28, 2013
Slide 1: Media & Analysts Briefing on FY 2012 Results and 2020 Corporate Strategy
Title 28 February 2013 Media & Analysts Briefing on FY 2012 Results and 2020 Corporate Strategy
Slide 2: Cautionary note on forward-looking statements
Title Cautionary note on forward-looking statements This presentation slides may contain forward-looking statements that involve risks and uncertainties. These statements reflect management’s current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in the l
Slide 3: FY2012 Results
@ China Aviation Oil AL aN (RAT 28] FY2012 Results Sh LAA). “ERASE LA Ff ee A Singapore-listed company and a member of the Global Trader Programme Transparency #90
Slide 4: Market conditions challenging in FY 2012
4 Market conditions challenging in FY 2012 Title Changes in market structure – jet fuel surplus in Asia Pacific flowing to Europe and US, resulted in intensified competition for cargoes in Asia Pac and higher procurement costs and limited trading opportunities Adopted more prudent trading strate
Slide 5: Core business sustained growth despite difficult operating environment
5 Core business sustained growth despite Title difficult operating environment Jet fuel volume exceeded 10 million tonnes in FY 2012 Supply volume to China increased 8%, underpinned by China’s robust demand for jet fuel Increased trading activities outside Asia Pacific Aviation fuel marketin
Slide 6: Profit rebounded in 4Q 2012
6 Profit rebounded in 4Q 2012 Title 4Q 2012: US$ 4,406.9m 4Q 2011: US$ 2,144.3m Total supply and trading volume doubled to 4.4m tonnes +105.5% Revenue Jet supply and trading volume up 38% to 2.7m tonnes Trading volume of other oil products increased multi-fold to 1.7m tonnes 4Q 2012: US$ 8.6m
Slide 7: FY 2012 Profit & Loss summary
7 FY 2012 Profit & Loss summary Title FY 2012: US$ 14,808.0m FY 2011: US$ 9,012.0m Total supply and trading volume increased 62% to 14.8m tonnes +64.3% Revenue Jet supply and trading volume up 26% to 10.5m tonnes Trading volume of other oil products increased multi-fold to 4.3m tonnes FY 2012:
Slide 8: Revenue exceeded US$10b mark
8 Title Revenue exceeded US$10b mark US$’ m US$/bbl Revenue 5 Year CAGR + 28.9%
Slide 9: Increasing revenue contribution from other oil products
9 Increasing revenue contribution from Title other oil products US$’ m
Slide 10: Optimisation & trading drives growth of volumes and gross profits
10 Optimisation & trading grives growth of Title volumes and gross profits US$’ m million tonnes Gross Profit 5 Year CAGR + 17.4%
Slide 11: Robust growth of net profit
11 Robust growth of net profit Title US$’ m Total Net Profit 5 Year CAGR + 14.7%
Slide 12: Balance Sheet remains healthy
12 Balance Sheet remains healthy Title 31 Dec 2012: US$ 1,284.6m 31 Dec 2011: US$ 838.5m Trade and Other Higher sales revenue in Dec 2012 compared with Dec 2011 +53.2% Receivables Trade receivables in CAOHK and NAFCO 31 Dec 2012: US$ 81.1m 31 Dec 2011: US$ 88.1m Cash and Cash Cash outflow of U
Slide 13: 2020 Corporate Strategy
Title 2020 Corporate Strategy
Slide 14: Vision
14 Title Vision To be a top-tier global integrated transportation fuels provider, constantly innovating and creating value for our shareholders, employees, business partners and the community
Slide 15: 2010-2014 Progress Update
15 2010-2014 Progress Update Title 2014 Targets Current Status Largest physical trader in Asia Pacific, volume exceeded 10m Jet Fuel Leading jet fuel tonnes in 2012 supplier/trader in Consolidated market position in China Supply & Asia Pacific Expanded into new markets in Asia, Middle East,
Slide 16: Long term demand growth will be driven by commercial transportation
16 Long term demand growth will be driven Title by commercial transportation Asia and other emerging economies to drive economic and oil demand growth Longer term growth in oil product consumption will be focused on transportation fuels, particularly commercial transportation Source: BP Energy O
Slide 17: The golden age of gas
17 The Titlegolden age of gas Global demand for natural gas projected to increase by 50% from 2010-2030 World Energy Consumption Share of World Energy 5000 50% Consumption 4500 Oil^ 4000 40% Million tonnes oil equivalent 3500 Oil^ 3000 30% Coal 2500 Coal 2000 20% Gas 1500 Hydroelectricity Gas 1000
Slide 18: Global trading opportunities
18 Title trading opportunities Global 2020 Middle Distillates and Fuel Oil Product Flows and Trade Balances by Region Europe North America Asia Middle Distillate Fuel Oil (cracked and SRFO) Source: CAO, FACTS Global Energy
Slide 19: Our competitive strengths and positioning
19 Our competitive strengths and Title positioning Our key competitive advantages: Jet fuel China market China relationships Strong support from major shareholders Our competitive positioning: Global player Transportation fuels Integrated supply chain Soft skills – trading and ri
Slide 20: Strategy to 2020 & Targets
20 Title Strategy to 2020 & Targets 2020 STRATEGIC TARGETS Global leader in international aviation oil supply & trading and reputable global supplier Other Oil and trader of other oil Jet Products products Important player in international aviation Future fuel service Transportation Fuels Niche play
Slide 21: Jet fuel
21 Titlefuel Jet Jet fuel Supply & Trading Aviation Fuel Marketing -- core business -- growth priority LEADER IN ASIA PACIFIC NICHE PLAYER Largest physical trader in Asia Pacific Preferred supplier to Chinese airlines outside Growing trading activities outside the region PRC Investments in s
Slide 22: Other Oil Products
22 Title Oil Products Other Fuel Oil Gas Oil Petrochemicals - growing activity - natural extension - complementary business REGIONAL PLAYER REGIONAL PLAYER REGIONAL PLAYER Active player in Asia Pacific Active player in SE Asia A key supplier to China 2020: REPUTABLE GLOBAL 2020: REPUTABLE GLOB
Slide 23: Future sustainable transport fuels
23 Future sustainable transport fuels Title LNG and Bio-jet - New business segment with potential opportunities 2020: NICHE PLAYER Closely monitor market developments Evaluation and in-depth analyses Proactively seek market entry opportunities
Slide 24: Asset investments – building an integrated value chain
24 Asset investments Title – building an integrated value chain Jet & Fuel Oil Focus on vertical integration of the value chain Future Sustainable Other Oil Products Transportation Fuels Support trading with Invest in technology, synergetic assets logistics and feedstock, Create shorts etc. Secure r
Slide 25: Sustaining double-digit profit growth
25 Sustaining double-digit profit growth Title • Targets twofold increase in profits by 2020 2012 2020 31% 36% 50% 48% 33% 2% Jet Fuel (includes Aviation Marketing) Other Oil Products (Fuel Oil, Gas Oil, Petchems, future transport fuels) Asset investments
Slide 26: Summary: Key elements of 2020 Strategy
26 Title Summary: Key elements of 2020 Strategy Building a global supply and trading network Focus on transportation fuels Identifying new business segment – future sustainable transportation fuels Asset investments to build up integrated supply chain
Slide 27: Thank You
@ China Aviation Oil AL aN (RAT 28] Thank You A Singapore-listed company and a member of the Global Trader Programme Sh LAA). “ERASE LA
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