China Aviation Oil (singapore) Corporation Ltd · SGX:G92
China Aviation Oil (singapore) — FY2013 Earnings Presentation
21 slides from China Aviation Oil (singapore)'s earnings presentation, Feb 26, 2014
Slide 1: FY2013 Results Briefing
Title 26 February 2014 FY2013 Results Briefing
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: Vision
3 Title 愿景 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 4: FY2013 Highlights
@ China Aviation Oil AL aN (RAT 28] FY2013 Highlights Sh LAA). “ERASE LA Ff ee A Singapore-listed company and a member of the Global Trader Programme Transparency #90
Slide 5: Volume Growth for Supply and Trading Businesses At Record High in FY2013
5 Volume Growth for Supply and Trading Title Businesses At Record High in FY2013 Core jet fuel supply and trading business remained healthy, with volume surpassing 10 million tonnes; strengthened our position as the largest physical jet fuel trader in Asia Pacific China’s demand for jet fuel con
Slide 6: Volume Growth for Supply and Trading Businesses At Record High in FY2013 (con't)
6 Volume Growth for Supply and Trading Title Businesses At Record High in FY2013 (con’t) Sustained strong growth momentum in other oil products, with total trading volume up at 42% and gross profit up at 652% Petrochemicals – i. made further inroads into China and beyond, including Hong Kong, Ja
Slide 7: Steady Progress on Execution of 2020 Corporate Strategy
7 Steady Progress on Execution of 2020 Title Corporate Strategy Expanding Global Footprint Wholly owned subsidiary CAO HK entered into a joint venture to provide into- plane fuelling services at Hong Kong International Airport (“HKIA”) through CNAF Hong Kong Refuelling Limited; further entrench
Slide 8: FY2013 Results
@ China Aviation Oil AL aN (RAT 28] FY2013 Results Sh LAA). “ERASE LA Ff ee A Singapore-listed company and a member of the Global Trader Programme Transparency #90
Slide 9: Sustained Earnings in 4Q 2013
9 Sustained Earnings in 4Q 2013 China Aviation Oil 4Q 2013: US$ 4,353.3m 4Q 2012: US$ 4,406.9m Jet fuel supply and trading volume decreased 4.1% to 2.6m tonnes -1.2% Revenue Trading volume of other oil products increased 26.0% to 2.1m tonnes Total supply and trading volume up 7.6% to 4.7m tonn
Slide 10: FY2013 Profit & Loss Summary
10 FY2013 Profit & Loss Summary China Aviation Oil FY 2013: US$ 15,571.9m FY 2012: US$ 14,808.0m Jet supply and trading volume decreased 1.2% to 10.4m tonnes +5.2% Revenue Trading volume of other oil products up 42.2% to 6.1m tonnes Total supply and trading volume increased 11.3% to 16.5m tonn
Slide 11: Revenue Trend
11 Revenue Trend China Aviation Oil US$’ m Total Revenue Average Jet Fuel Prices US$/bbl 18,000 140 16,000 125.5 127.2 123.6 130 14,000 120 12,000 110 10,000 100 8,000 90.2 90 6,000 4,000 80 71.1 2,000 70 3634.3 5452.6 9012.0 14808.0 15571.9 0 60 2009 2010 2011 2012 2013 Revenue 5- Year CAGR + 43.9%
Slide 12: Increasing Revenue Contribution from Other Oil Products
12 Increasing Revenue Contribution from Other Oil China Products Aviation Oil Middle Distillates Other Oil Products US$’ m 18,000 16,000 3115.8 1701.9 14,000 12,000 10,000 381.2 8,000 6,000 241.6 4,000 137.5 2,000 3496.8 5211.0 8630.8 13106.1 12456.0 0 2009 2010 2011 2012 2013 A member of the GTP 全球
Slide 13: Optimisation & Trading Drive Growth of Volume and Gross Profit
13 Optimisation & Trading Drive Growth of Volume and Gross China Aviation Oil Profit US$’ m Gross Profit Total Volume million tonnes 60.0 16.5 18.0 14.8 16.0 50.0 14.0 40.0 12.0 9.2 10.0 7.9 30.0 6.4 8.0 20.0 6.0 4.0 10.0 2.0 30.7 29.7 40.0 42.8 52.5 0.0 0.0 2009 2010 2011 2012 2013 Gross Profit 5-Y
Slide 14: Strong Earnings Base
14 Strong Earnings Base China Aviation Oil US$’ m Profit Contribution from Associated Companies 50.0 + 17.7% 45.0 40.0 35.0 30.0 25.0 43.2 46.5 20.0 37.6 40.2 15.0 24.2 10.0 5.0 0.0 2009 2010 2011 2012 2013 A member of the GTP 全球贸易商计划成员
Slide 15: Robust Earnings Growth
15 Robust Earnings Growth China Aviation Oil US$’ m Net Profit Gross Profit 80.0 + 11.6% 70.0 60.0 50.0 40.0 66.2 70.2 30.0 63.4 54.7 52.5 20.0 45.2 40.0 42.8 30.7 29.7 10.0 0.0 2009 2010 2011 2012 2013 A member of the GTP 全球贸易商计划成员
Slide 16: Summary of Balance Sheet
16 Summary of Balance Sheet China Aviation Oil 31 Dec 2013: US$ 113.1m 31 Dec 2012: US$ 18.6m +509.1% Inventories Increase in inventories in tandem with surge in trading activities 31 Dec 2013: US$ 1,120.4m 31 Dec 2012: US$ 1,284.6m -12.8% Trade and Other Lower sales revenue in December 2013 com
Slide 17: Outlook and 2014 Priorities
China Aviation Oil (Singapore) Corporation Ltd PRA (SM) BARA A) Outlook and 2014 Priorities ‘A public company listed on the Singapore Exchange and a member of the Global Trader Programme HMBLDAA “SRA SMT” A S
Slide 18: Outlook
18 Outlook Title According to CAAC, China’s civil aviation industry will maintain double-digit growth from 2011 – 2015 in tandem with double-digit growth for jet fuel demand Remains cautiously optimistic on core jet fuel supply and trading business and will closely monitor the impact of China’s
Slide 19: Outlook (con't)
19 Outlook (con’t) Title - Weak downstream markets and stiff competition will continue to impact aromatics demand in China - Demand for gasoil is expected to be stable in Asia as gasoil consumption for automotive and industrial sectors remain unchanged On track to achieve 2014 profitability target
Slide 20: 2014 Priorities: Focusing on Execution of Corporate Strategy
20 2014 Priorities: Title Focusing on Execution of Corporate Strategy Expand global trading network to drive growth of core jet fuel supply and trading business in Asia Pacific, North America, Europe and the Middle East Expand aviation fuel marketing business globally to achieve integration of m
Slide 21: Thank You
China Aviation Oil (Singapore) Corporation Ltd HBA (STR) ARG ATER A) Thank You A Singapore-listed company and a member of the Global Trader Programme rarmess 36 EF rato sie HOLM SRE SAA LA
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