Grand Pacific Petrochemical Corp. · TWSE:1312
Grand Pacific Petrochemical — Conference Presentation (2018)
15 slides from Grand Pacific Petrochemical's conference presentation, 2018
Slide 1: Established 1973, capital NT$9.27 billion
established 1973 capital NT 9.27 billion revenue NT 19 billion (2018Q1-Q3) employee 375 (2018Q3)
Slide 2: Disclaimer
Disclaimer The forward-looking statements contained in this presentation are subject to risks and uncertainties and actual results may differ materially from those expressed or implied in these forward-looking statements. Grand Pacific Petrochemical Corporation makes no representation or warranty as
Slide 3: Outline
Outline Upstream and downstream products Market review and prospect Financial results
Slide 4: Upstream and downstream products
Upstream and downstream products
Slide 5: Sales volume (MT)
Sales volume(MT) Cogen products and hydrogen excluded
Slide 6: Asian price trend - styrene
aA Qa eidek Mea ha a GRAND PACIFIC PETROCHEMICAL CORPORATION. Asian price trend - styrene Co 1,600 1,400 ms. 1,200 ~ 1,000 800 \ 600 200 _ 0 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 QTD mC2 mumBZ ——SM
Slide 7: Asian price trend - ABS
a DAsOUERHA LEA GRAND PACIFIC PETROCHEMICAL CORPORATION Asian price trend - ABS 2017Q1 2017Q2 2017Q3 201704 2018Q1 2018Q2 2018Q3 2018Q4 QTD me SM sm AN ‘BD ——ABS
Slide 8: Asian price trend - PA66
aA Qa eidek Mea ha a GRAND PACIFIC PETROCHEMICAL CORPORATION. Asian price trend — PA66 2017Q1 2017Q2 201703 201704 2018Q1 2018Q2 201803 PA66 = BZ BD AN
Slide 9: Imp/Exp Change after China's ADD on styrene
Imp/Exp Change after China’s ADD on styrene
Slide 10: Asian styrene: capacity addition
Asian styrene: capacity addition Timing Company Location Capacity A B C 青島碱業 青島 500 2018 2018 2017Q4 昊源 安徽 260 2018 2018 2018 YNCC Korea 80 2019 2019 May - CSPC 惠州 640 2020 2020Q1 - 中信國安 山東 200 2019End 大沽 天津 450 2020 2020-2021 - 萬華 煙台 650 2020 2021 - 浙江石化 舟山 1200 2021 2019 H2 2018 中化 泉州 450 2021 202
Slide 11: Global styrene: supply and demand
Global styrene: supply and demand
Slide 12: Financial results
a DAsWLEREA LEA GRAND PACIFIC PETROCHEMICAL CORPORATION Financial results
Slide 13: Consolidated Statements of Income
Consolidated Statements of Income (NT$ BN) Period FY15 FY16 FY17 9M17 9M18 Item Net Revenue 20,025 19,918 23,351 17,079 19,019 Cost of Rvenue 16,984 16,494 19,557 14,386 15,571 Gross Profit 3,041 3,424 3,794 2,693 3,448 gross profit ratio 15% 17% 16% 16% 18% Operating Expenses 1,216 1,257 1,310 977
Slide 14: Revenue structure
Revenue structure 9M18 Others Media 2% 9% Packing Materials 7% SM PA66 44% 11% ABS/PS 27%
Slide 15: Financial Analysis
Financial Analysis Period 2015 2016 2017 9M18 Item Debt ratio (%) 18.17 16.63 16.13 14.52 Current ratio (%) 268.54 269.18 302.59 349.11 Quick ratio (%) 199.07 210.47 236.61 270.32 A/R turnover (times) 8.68 7.68 7.39 7.68 A/R turnover (days) 42 47 49 47 Inventory turnover (times) 9.72 9.98 10.65 11.1
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