China Petrochemical Development Corporation · TWSE:1314
China Petrochemical Development — Investor Presentation (2021)
43 slides from China Petrochemical Development's investor presentation, 2021
Slide 1: Investor Conference
Investor Conference Respect．Innovation．Care．Excellence．Green Business 2021
Slide 2: Disclaimer
Disclaimer • This presentation is for informational purposes only, contains preliminary financial and other information about China Petrochemical Development Corporation and is subject to updating, revision, amendment and completion. This presentation does not and is not intended to constitute or co
Slide 3: Agenda
I. Company Profile II. Industry and Market conditions III. Operating Performance IV. Major Investment Status V. ESG Performance VI. Future Prospects
Slide 4: Company Profile
Company Profile Respect．Innovation．Care．Excellence．Green Business Effective integration of the Petrochemical Industry Expand new business in Land Development
Slide 5: CPDC (1314 TT)
CPDC (1314 TT) Pioneer of Taiwan's petrochemical/plastic industry Expand overseas markets to create new engines for growth CPDC was established in 1969 as a state-owned enterprise under the supervision of the Ministry of Economic Affairs. In 1991, CPDC was listed on the Taiwan Stock Exchange.
Slide 6: Recent Milestones
Recent Milestones 2020 2021 2020/09 Participated in the common stocks capital 2021/02 Selected as an S&P Global Sustainability raising of NT$300 million of cash and acquired the land, 2021 Yearbook Member and awarded Industry plant, and equipment of the Douliu Polymer Plant of Mover, the only ch
Slide 7: Industry and Market conditions
Industry and Market conditions Respect．Innovation．Care．Excellence．Green Business Effective integration of the Petrochemical Industry Expand new business in Land Development
Slide 8: Main Products Market conditions - CPL & PA6
Main Products Market conditions - CPL & PA6 2021H1： USD/MT CPL Asia PA6 Asia Increased coverage of 2500 vaccines in Europe and the United States lifted lockdowns Industrial demand recovery, rising oil prices, and overhauls at various plants, driving price 2000 increases 2021H2： Delta variant C
Slide 9: Main Products Market conditions - AN
Main Products Market conditions - AN USD/MT 2021H1： AN_Asia CFR The U.S. winter storm caused 3500 tight supply Strong downstream demand for lifted lockdown 3000 2021H2： 2500 2020: The mainland is Falling price due to concentrated on production 2000 pandemic outbreak, oil Downstream demand sl
Slide 10: Trends on major feedstock prices
Trends on major feedstock prices 2021H1: Higher feedstock prices impacted USD/MT costs/gross margin due to: NH3: pandemic, scheduled 1200 turnarounds in SE Asia & Middle East Phenol Benzene: Rising oil prices and Suez Canal blockage Phenol: US winter storm and scheduled 1000 Propylene turnarou
Slide 11: 2021 H1 Operating Performance
2021 H1 Operating Performance Respect．Innovation．Care．Excellence．Green Business Effective integration of the Petrochemical Industry Expand new business in Land Development
Slide 12: Production & Sales
Production & Sales CPL: Revenues dropped due to the pandemic, recovered in early 2021 AN: Overall sales higher than production from increased trade volumes (2018-2021H1) (including subsidiary in China) In 2020 and 2021H1 Unit：10k Tons AN Unit：10k Tons 40 CPL 30 27 36 35 Nylon6 30 30 22 30 21 22
Slide 13: Scheduled turnaround plan & capacity utilization
Scheduled turnaround plan & Dashe (AN) capacity utilization 100% 96% 97% 96% 100% Toufen* (CPL) CPDC 95% 93% 94% 93% 80% Headquarters 77% 80% 90% 87% 60% 51% Toufen(CPL) 85% 40% 33% Mid-Apr~May 22% 20% 80% 20Q1 20Q2 20Q3 20Q4 2020全年 21Q1 21Q2 0% 0% 0% Douliu (PA6) (單季) (單季) (單季) (單季) (單季) (單季) 20Q1
Slide 14: Revenue Mix (2018-2021H1)
Revenue Mix (2018-2021H1) PA6 CPL AN OPP Land Dev. & Subsidiaries 2018 3% 2021H1 0.35% 1% 11% 2020 31% 55% 6% 14% 16% 2% 17% 3% 27% 2019 23% 1% 17% 48% 46% 45% 34% 14
Slide 15: Quarterly Financials (2020Q1-2021Q2)
Quarterly Financials (2020Q1-2021Q2) Unit：NT$ Billion 營業淨利 稅後淨利 營業收入 20 100 92.4 Improved revenues and profit from recovered economy and tight 90 supply in 2021H1 15.4 15 Profit declined due to Covid-19 pandemic in 2020 12.6 80 74.4 70 10 6.3 6.6 60 53.0 5.5 5 4.6 50 45.7 40.8 36.3 40 0 0.0 30 (
Slide 16: Condensed P&L (2018-2021H1)
Condensed P&L (2018-2021H1) Profit declined due to Covid-19 pandemic in 2020 Unit： 2020H1 NT$ 1000M 2018 2019 2020 2021H1 2020H1 vs.2021H1 % Operating revenue 385 296 176 167 94 73 78% Gross Profit 52 16 0.4 30 -0.4 30 7,398% Profit from operations 31 -4 -18 18 -8 26 317% Non-operating income and 16
Slide 17: Condensed Balance Sheet (2018-2021H1)
Condensed Balance Sheet (2018-2021H1) Unit：NT$ Billion 2018 2019 2020 2021Q1 2021Q2 Total Assets 897 965 1,049 1,077 1,145 Current Assets 216 240 271 294 350 Non-current assets 681 725 778 783 795 Total Liabilities 225 293 340 362 415 Current Liab 75 87 87 87 99 Non-current Liab 150 205 253 275 316
Slide 18: Selected Ratios (2018-2021H1)
Selected Ratios (2018-2021H1) 2018 2019 2020 2021Q1 2021Q2 Debt Ratio 25% 30% 32% 34% 36% Current Ratio 289% 274% 310% 339% 353% Net profit 11% 6% 4% 9% 13% Margin ROA(%)Note1 9% 3% 1% 1% 3% ROE(%)Note2 10% 4% 2% 2% 6% Note: 1. Excluding investment property in ratio calculation 18 2. Excluding capit
Slide 19: Status of Major Investment
Status of Major Investment Respect．Innovation．Care．Excellence．Green Business Effective integration of the Petrochemical Industry Expand new business in Land Development
Slide 20: Dual Core Development Strategy
Dual Core Development Strategy CPDC focuses on expanding the two-pronged business approaches of "Petrochemical" and "Land Development" as the primary management principles. 20
Slide 21: From Innovation R&D to Mainstream Market Application
From Innovation R&D to Mainstream Market Application Fine Chemicals AN Petrochemical Bulk raw Business materials CPL Integrated production Trade, transport &storage 21
Slide 22: Fine Chemicals Locations
Fine Chemicals Locations Core Pacific Plaza Petrochemical Industry Toufen Land development Joint Construction Fine Chemicals Plant Jiangsu Rudong Kaohsiung Weiming Petrochem Land Auctions Myanmar Intercontinental Parami Rd. Vietnam Terminal Port Joint Construction Land development Shore Tanks 22
Slide 23: Shore Tanks Construction at Port of Kaohsiung Intercontinental Terminal
Domestic Petrochemical Project－Shore Tanks Construction at Port of Kaohsiung Intercontinental Terminal The project is to construct shore Tanks of: 30K MT Ammonia AN、phenol & other petrochemical products NT3.2 billion by 3 phases To improve feedstock purchase flexibility, transportation and
Slide 24: Miaoli Fine Chemicals Plant
Domestic Petrochemical Project－Miaoli Fine Chemicals Plant The projects is to： Align with government high-value petrochemical policy Promote local prosperity and increase job opportunity Transformation of petrochemical 2nd core business Products include OPP downstream derivatives of optica
Slide 25: Jiangsu Weiming Petrochemical
Overseas Petrochemical Base－Jiangsu Weiming Petrochemical The project is to build cyclohexanone, PA6, CPL, hydrogen, utilities, and specialty chemical plants in Rudong, Jiangsu, China PA6：Trial run output in 2021H1, adjustment for optimal operation. Environmental inspection and approval expected
Slide 26: Kaohsiung Land Auctions
Domestic Land development －Kaohsiung Land Auctions Located in the Jingmao subsection, the only area can be planned as a residential or corporate headquarters in the center of Asia New Bay Area, Kaohsiung Strengthen corporate transformation and activate land assets, focuses on petrochemicals and
Slide 27: Toufen Joint Construction
Domestic Land development －Toufen Joint Construction Land located in Shuangxi Section in Toufen, Miaoli (Area 1888.27 Ping) Joint construction and separate sale project Commercial + residential apartment complex Quiet & convenient transportation with easy access to major highways Attract n
Slide 28: Core Pacific Plaza
Domestic Land development －Core Pacific Plaza High-end Grade A office complex. The ground floor and basement B1 will contain commercial office and building mechanical space, and will maintain the original urban commercial atmosphere. With ESG concepts planned to obtain LEED & WELL certification
Slide 29: Overseas Land development - Myanmar and Vietnam
Overseas Land development －Myanmar and Vietnam Myanmar Parami Rd. Joint Venture building Vietnam Built in cooperation with Development by bidding, joint venture Location：BCD in Yangong, local land owner. or sole investment adjacent to Inya Lake Location: HCM City, Dong Nai、Da Property: 12.
Slide 30: ESG Performance
ESG Performance Respect．Innovation．Care．Excellence．Green Business Effective integration of the Petrochemical Industry Expand new business in Land Development
Slide 31: ESG performance in all aspects is recognized at home and abroad
ESG performance in all aspects is 治理面 公司治理 永續經營 recognized at home and abroad A female director elected in 2021 to improve corporate governance and promote gender diversity of board members. Participated in the 13th Taiwan Corporate Sustainability Awards (TCSA) held by the Taiwan Institute for S
Slide 32: Integrate with international initiatives and implement green transformation
Integrate with international initiatives and implement green transformation Maintain advantage Green transition Green Product Echoing the SDGs Green innovation Product carbon footprint Climate Information Revealed in CSR Report Circular Economy Product water footprint Set carbon reduct
Slide 33: Innovative research and development concept with sustainable development
Innovative research and development concept with sustainable Green Innovation Become a green petrochemical company We spare no effort to practice sustainable New Products Development operations and contribute to society. Innovation Improve Process Efficiency Reduce Resource Smart Production New
Slide 34: R&D Performance
Approximately NTD 442 million R&D Performance In 2020 New Patents Granted: 9 Cutting edge research and development High-Performance R&D Team Total number of approved patents：226 effective patent portfolio to 187 patents Cumulative investment of 1.613 billion yuan in 5 years Core Technology
Slide 35: Strengthen the operation model of circular economy
Strengthen the operation model of circular economy to achieve sustainable operation Improve Process Resource Recycling Source Reduction Improved Waste Improved By-Product Management and Recovery, Recycling, Resource Efficiencies and Reuse Improve Energy Strengthen Water Efficiency and Reduce Recycli
Slide 36: Future Prospects
Future Prospects Respect．Innovation．Care．Excellence．Green Business Effective integration of the Petrochemical Industry Expand new business in Land Development
Slide 37: Vision & Business Strategy
Vision & Business Strategy Strive to become a green petrochemical company and a global leader in caprolactam (CPL), acrylonitrile (AN) and their derivatives; Respects the natural ecosystem, bringing together architecture, art, culture and charity, co-existing in harmony in a living environment. ES
Slide 38: Petrochemical Business
Petrochemi Fine From Innovation R&D to cal Business Chemicals Mainstream Market Application 38
Slide 39: CPDC Products - Value Chain
CPDC Products – Value Chain Phenol ￭ Raw material ￭ Product Cyclohexanone ￭ New Product BPA DCPD Ammoni Propene technology a OPP CPL AN Toufen Toufen Hsiaokang Dashe Factory Factory Factory Factory BPA DCPD DCPD OPP PA6 Derivatives( Derivatives Derivatives(2) Derivatives(1) 1) Toufen Factory Toufen
Slide 40: Land Development Business
DEVELOPMENT Properties activation Land SALES & Development Business RESOURCING LEASING 40
Slide 41: Land Development Strategy
Land Development Strategy From Taiwan to Developable overseas, properties re-plan Integration of real and develop estate professionals, efficiently. Multi-planning, Creating value and DEVELOPMENT PROPERTIES and Activation to drive the Achieving investment REVITALIZATION development of the goals. sur
Slide 42: Q&A
Bg China Petrochemical Development Corporation | &A a
Slide 43: Thank You
Thank You Respect．Innovation．Care．Excellence．Green Business 43
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