Cosmo Energy Holdings Co., Ltd. · TSE:5021
Cosmo Energy — Q1 FY2019 Earnings Presentation
33 slides from Cosmo Energy's earnings presentation, 2019
Slide 1: Glossary: Act on Sophisticated Methods of Energy Supply Structures; Akita Offshore Wind; API
NEW A NEW icon is given to each item of information newly added to this version of glossary. Act on Sophisticated Methods of Energy Supply Structures An act to promote the use of non-fossil resources and more effective use of fossil sources by energy supply businesses. It facilitates measures necess
Slide 2: Arakawa Chemical Industries; Bio gasoline; Bottomless refinery system
Arakawa Chemical Industries, Ltd. -Founded in 1876, the company manufactures and sells environmentally friendly, value added materials, including those necessary for manufacturing products related to printing and cutting-edge electronics, based on its core technologies in the chemistry of rosin or p
Slide 3: Car Care Merchandise; Zero Coupon Convertible Bonds due 2022
Car Care Merchandise It includes car inspection, repair, lubricating oil change, and car wash services, tires, batteries, accessories, and other automotive products and services, which represent the value added merchandise. CB (The ¥60,000,000,000 Zero Coupon Convertible Bonds due 2022 (being bonds
Slide 4: CEPSA
CEPSA Compañía Española de Petróleos, S.A.U. (hereinafter “CEPSA”), Spanish integrated oil company. In January 2014, Cosmo Oil CO.,Ltd and CEPSA have agreed and signed a Memorandum of Agreement in relation to Strategic Comprehensive Cooperation. In November 2014, CEPSA has joined Cosmo Oil’s upstrea
Slide 5: CM Aromatics Co., Ltd.
CM Aromatics Co., Ltd. A joint venture company established by Cosmo Oil and Maruzen Petrochemical Co., Ltd. to procure the base material to manufacture mixed xylene and to store and market it. Date of establishment: April 1, 2005 Capital: ¥100 million Invested by: Cosmo Oil at 65% and Maruzen Petroc
Slide 6: Coker Unit
Coker Unit A new unit built at the Sakai Refinery of Cosmo Oil (with a capital investment of some ¥100 billion) scheduled to start operation during fiscal year 2010. In addition to the Coker unit, a Coker Distillate hydrodesulfurization unit is also newly being built. These units, when completed, ar
Slide 7: Refining Process Chart After Introduction of Coker and Other Units
<Refining Process Chart After Introduction of Coker and Other Units> Refining Process ＬＰＧ LPG Naphtha Naphtha Gasoline hydrodesulf Catalytic Naphtha -urization reformer mixing Gasoline unit unit Atmosphe ric Crude Kerosene Kerosene & distillation diesel fuel Jet fuel oil unit hydrodesulp Kerosene h-
Slide 8: Company with Audit and Supervisory Committee; Concession agreement
Company with Audit and Supervisory Committee -Under the revised Companies Act, a Company with Audit and Supervisory Committee is prescribed as “any Stock Company which has an Audit and Supervisory Committee consisting of three or more directors (the majority of the member directors shall be outside
Slide 9: COSMO B-CLE LEASE (Personal Car Lease)
COSMO B－CLE LEASE(Personal Car Lease) An integrated, “one-stop” vehicle lease service encompassing procurement of vehicles, automobile safety inspection, car insurance, discounted fueling. With a monthly payment of fixed lease fee, customers can receive all of above services at our outfit without go
Slide 10: Cosmo Abu Dhabi Energy Exploration & Production Co., Ltd.
Cosmo Abu Dhabi Energy Exploration & Production Co., Ltd. -Established in November 2014 to control Abu Dhabi Oil Co., Ltd. and plan and promote new oil and gas projects in Abu Dhabi. -Accepted an investment from CEPSA, a leading integrated oil company in Spain in the IPIC(currently MIC) group, to st
Slide 11: Cosmo Eco Power; Cosmo Electric
Cosmo Eco Power Co.,Ltd. In March 2010, Cosmo Oil acquired shares owned by Ebara Corporation in its wind power generation subsidiary, Eco Power (Currently Cosmo Eco Power )and made a consolidated subsidiary. Cosmo Eco Power owns wind turbines in wind-rich areas, mainly in Tohoku and Hokkaido. <Outli
Slide 12: Cosmo The Card Opus; Desulfurization Catalyst; Eco Card
Cosmo The Card Opus Starting June 2006, “Cosmo the Card Opus” was issued in affiliation with AEON Credit Service Co. Ltd. Co-branded with no annual fee international brands (VISA, MasterCard, JCB), the line-up will be able to accommodate a range of customer needs. Desulfurization Catalyst The typica
Slide 13: Ethylene; FCC (Fluid Catalytic Cracking Unit)
Ethylene Ethylene is used as a basic petrochemical raw material for synthetic resins, etc. and is used in a range of applications. Maruzen Petrochemical Co., Ltd. , a group company, has a production capacity for ethylene of around 1.29 million tons/year*. *Includes production capacity of Keiyo Polye
Slide 14: Feed-in Tariff (FIT) Scheme; Four main products
Feed-in Tariff (FIT) Scheme for Renewable Energy - The scheme introduced by the Japanese government for the purpose of promoting the use of renewable energy across Japan - The scheme requiring electric companies to purchase electricity generated from renewable energy sources by existing and new faci
Slide 15: FTSE Blossom Japan Index
FTSE Blossom Japan Index The FTSE Blossom Japan Index is a stock index, based on which TSE Russell*1, a member of the London Stock Exchange Group in the United Kingdom, selects Japanese companies that demonstrate excellent performance from the perspective of environment, society and governance, name
Slide 16: Hail Oil Field
Hail Oil Field -We have extended our interests in existing three oil fields (Mubarraz Field, Umm Al Anbar Field and Neewat Al Ghalan Field) for 30 years since 2012 based on the solid trust built between Abu Dhabi Oil Co., Ltd. and the oil-producing country (Abu Dhabi of United Arab Emirates). We als
Slide 17: Heavy Fuel Oil Desulfurization Units
Heavy Fuel Oil Desulfurization Units (Direct and Indirect) Units designed to recover sulfur from what is in the bottom (or heavy fuel oil) of the atmospheric distillation unit Crude Secondary Refining Units oil Petroleum gas Atmospheric distillation unit (topper) Light naphtha Gasoline m ixing High-
Slide 18: Hybrid financing (subordinated loans)
Hybrid financing (subordinated loans) A form of hybrid financing with a nature between equity and debt. It is a financing method with a nature and characteristics similar to equity, such as the voluntary rescheduling of interest, the super-long repayment term, and subordination in liquidation procee
Slide 19: Hyundai Cosmo Petrochemical Co., Ltd
Hyundai Cosmo Petrochemical Co., Ltd (Ex. HC Petrochem) An equal joint venture company that Cosmo Oil established with Hyundai Oilbank Co., Ltd. (HDO) in November 2009. Using a paraxylene plant (with a production capacity of 380,000 tonnes per year) assigned by HDO, Hyndai Cosmo Petrochemical(HCP) s
Slide 20: Visualized Concept for Olefinic and Aromatic Products
※ Visualized Concept for Olefinic and Aromatic Products Reformate (base material for gasoline) The red framed indicates the scope of business done by Hyundai Cosmo Petrochemical Co., Ltd.（ＨCP)
Slide 21: Para-xylene manufacturing facility structure in the JV business
※ Para-xylene manufacturing facility structure in the JV business: ＊ Light Raffinate naphtha Naphtha splitter Benzene 130,000 Existing facility tons Hydrogen LPG Para-xylene 380,000 Aromatic tons compound manufacturin Full-range g unit cluster Heavy Total naphtha Naphtha Catalytic aroma volume of (p
Slide 22: Hyundai Oilbank Co., Ltd. (HDO); IMO regulations
Hyundai Oilbank Co., Ltd. (HDO) HDO is an oil refining and marketing company based in the Republic of Korea. Established in 1964, HDO processes crude oil at 560,000 barrels a day. As part of its joint projects with IPIC, Cosmo Oil in April 2008 signed a memorandum of understanding for comprehensive
Slide 23: Impact of inventory valuation
Impact of inventory valuation The “impact of inventory valuation” indicates the impact on the cost of sales in the financial statements, according to the inventory valuation method, when there is a change in the price of crude oil. It can be separated into the following two categories: 【Inventory va
Slide 24: Kygnus Sekiyu K.K.
Kygnus Sekiyu K.K. Signed a capital and business alliance agreement with Kygnus Sekiyu K.K. in February 2017. Acquired 20% of common shares of Kygnus Sekiyu K.K. in May 2017. Planning to trade petroleum products in about 2020 based on this alliance. Will have discussions and examinations not only fo
Slide 25: Maruzen Petrochemical Co., Ltd.
Maruzen Petrochemical Co., Ltd. We made Maruzen Petrochemical Co., Ltd., which had been an equity-method affiliate, a consolidated subsidiary in March 2016 with the acquisition of additional shares. With one of the largest ethylene production capacities in Japan, it continues to supply high-quality
Slide 26: Capital Relationship with Industrial Complex of Maruzen Petrochemical
《Capital Relationship with Industrial Complex of Maruzen Petrochemical》 Product flow Investment (Ratio of voting rights) Investment Maruzen Investment Major Petrochemical 13.2% each shareholders 52.7% Cosmo Group: 52.7％ Major shareholders: 39.6％ Other shareholders: 7.7％ ・Ube Industries Cosmo Energy
Slide 27: MIC; Mixed Xylene; MOPS
MIC Mubadala Investment Company (MIC). IPIC and Mubadala Development Company (MDC) merged in January 2017 and founded MIC as a holding company. Large total assets of 125 billion dollars; Sovereign wealth fund wholly owned by the Abu Dhabi government. Balanced and wide-ranging investments in petroleu
Slide 28: Operations Management System (OMS); Para-Xylene
Operations Management System (OMS) - OMS is a mechanism to set an activity policy consisting of 23 requirements as essential and important items to achieve safe operation and stable supply and for the head office and refineries to enhance their efforts in each activity based on the policy. -Cosmo Oi
Slide 29: Platinum Kurumin; Platts
Platinum Kurumin “Platinum Kurumin “ is a special certification system established on April 1, 2015. It is awarded to companies that hav e already obtained “Kurumin“ certification for supporting childcare, based on Law for Measures to Support the Develo pment of the Next Generation, and have made ef
Slide 30: Platts; Production sharing contract
Platts A Provider of oil price information. Prices released by Platts are key benchmarks used to price Middle East crude and petroleum products shipped to Asia. Production sharing contract (PS contract) -A contract by which one or more than one petroleum and natural gas development company contracts
Slide 31: RIM prices; Sales Unit; SDGs; Sogo Energy Corporation
RIM prices Generic term for domestic rack (land-based) spot price and waterborne spot price released by RIM INTELLIGENCE Co. Sales Unit, or Service Station Sales Unit A monthly sales volume of automobile fuel oil per Service Station SDGs (Sustainable Development Goals) The Sustainable Development Go
Slide 32: Stockpiling obligations; Three core companies
Stockpiling obligations Japan has mandatory requirements for government crude oil stockpiling (target: 50 million kl) and private oil stockpiling (target: equivalent of 70 days of domestic demand) to ensure a stable supply. Three core companies - Collective term for Cosmo Energy Exploration & Produc
Slide 33: Topper; VLCC; Wind power generation; Yokkaichi Kasumi Power
Topper ( Crude Distillation Unit ) An atmospheric distillation unit. Generally speaking, the crude oil processing capacity of an oil refinery is represented by its CDU’s processing capacity per day. VLCC(Very Large Crude Oil Carrier) A type of large tanker used to transport crude oil that can transp
Cosmo Energy Holdings — Q1 FY2019 Earnings Presentation on 6ix