Conpet Sa · BVB:COTE
Conpet Sa — FY2017 Earnings Presentation
24 slides from Conpet Sa's earnings presentation, Mar 29, 2018
Slide 1: 2017 Financial Results Report
2017 FINANCIAL RESULTS REPORT March 29. 2018
Slide 2: Annotations regarding the document
ANNOTATIONS REGARDING THE DOCUMENT •This presentation called “2017 Results Report””) is prepared by • This Presentation does not contain a complete and exhaustive CONPET S.A. (“CONPET”) aiming to present the operational financial or commercial analysis of CONPET. nor does it provide and financial re
Slide 3: Financial Results Report 2017
Financial Results Report 2017 page 1. Key indicators 4 2. Operating Results 5 3. Financial Results 8 4. Stock exchange performance 11 5. Investment 15 6. Annexes 17 3
Slide 4: 1. Key Indicators
1. KEY INDICATORS FINANCIAL RESULTS INDICATORS mRON Variations EBIT Indicators (mRON) 2015 2016 2017 2017/2016 mRON % 83.1 TURNOVER 381.4 381.7 376.7 -5.0 ▼ 1.3% 80.3 Operating revenues o/w: 413.8 410.9 411.6 +0.7 ▲ 0.1% 69.5 Operating revenues 379.0 378.6 372.4 -6.2 ▼ 1.7% Operating expenses 344.3
Slide 5: 2. Operating Results: transported quantities per subsystem
2. OPERATING RESULTS 2.1 EVOLUTION OF TRANSPORTED QUANTITIES PER SUBSYSTEMS 2015-2017 Indicators and products 2015 2016 2017 6,990 7,078 6,820 Domestic transport -programmed quantities (thousand tons) 4,029 3,683 3,519 -achieved quantities (thousand tons) 3,905 3,685 3,551 -achievement degree 96.9%
Slide 6: 2.3 Evolution of the profitability of transport subsystems
2. OPERATING RESULTS 2.3 EVOLUTION OF THE PROFITABILITY OF TRANSPORT SUBSYSTEMS 2015-2017 mRON DOMESTIC IMPORT TOTAL SUBSYSTEM SUBSYSTEM SUBSYSTEMS 31.0 76.5 45.5 2017 56.5 2017 295.9 2017 239.4 87.5 372.4 284.9 48.6 25.1 73.7 2016 247.5 2016 57.4 2016 304.9 296.1 82.5 378.6 53.9 12.2 66.1 2015 255.
Slide 7: 2.4 Turnover evolution per clients
2. OPERATING RESULTS 2.4 TURNOVER EVOLUTION PER CLIENTS 2015-2017 TURNOVER-CLIENTS (mRON) SHARE IN THE TURNOVER (%) Variations 2017/2016 CLIENTS 2015 2016 2017 381.4 381.7 376.7 mRON % 83.1% 80.6% 82.2% 317.2 307.6 309.7 +2.1 ▲ 0.7% 18.4% 16.5% 58.1 70.4 62.0 -8.4 ▼ 11.9% 15.2% 1.7% 1.0% 1.3% OTHER
Slide 8: 3.1 Evolution of the operating revenues
3. FINANCIAL RESULTS 3.1 EVOLUTION OF THE OPERATING REVENUES 2015-2017 Variations Indicators (mRON) 2015 2016 2017 2017/2016 mRON % Domestic subsystem transport services revenues 309.3 296.1 284.9 -11.2 ▼ 3.8% Import subsystem transport services revenues 69.7 82.5 87.5 +5.0 ▲ 6.0% Transport services
Slide 9: 3.2 Evolution of the operating expenses
3. FINANCIAL RESULTS 3.2 EVOLUTION OF THE OPERATING EXPENSES 2015-2017 Variations Indicators (mRON) 2015 2016 2017 2017/2016 mRON % Material Expenses 7.3 6.3 7.1 +0.8 ▲13.0% Expenses with energy, gas and water 10.1 9.7 9.5 -0.2 ▼ 1.6% Personnel expenses 105.6 111.5 111.4 -0.1 ▼ 0.1% Expenses with am
Slide 10: 3.3 Main economic and financial indicators
3. FINANCIAL RESULTS 3.3 MAIN ECONOMIC AND FINANCIAL INDICATORS 2015-2017 Indicators 2015 2016 2017 Gross margin out of sales 18.2% 21.0% 22.1% Gross profit rate 17.9% 20.3% 20.9% Return of equity 8.3% 9.0% 11.3% Earnings per share (RON/share) 7.30 8.26 8.59 Current liquidity 9.4 9.0 5.0 Immediate l
Slide 11: 4.1 Latest progress and corporate events
4. STOCK EXCHANGE PERFORMANCE 4.1 LATEST PROGRESS AND CORPORATE EVENTS The share price evolution in the last 12 months (RON) vs. BET index (rebased) 70000 Stock performance in the last 12 months: 140.00 CONPET: +18.79% 60000 BET index: +7.89% 130.00 50000 120.00 40000 110.00 30000 100.00 20000 90.00
Slide 12: 4.2 COTE share evolution vs. market indices
4. STOCK EXCHANGE PERFORMANCE 4.2 COTE SHARE EVOLUTION VS. MARKET INDICES (REBASED) WHERE IS INCLUDED 150 140 130 120 110 100 90 COTE BET-BK (rebased) BET-NG (rebased) BETPlus (rebased) BET-TR (rebased) BET-XT (rebased) BET-XT-TR (rebased) 80 Dividend yield 26.56 % 9.26 % 7.43 % 7.72 % 6.2 % 2013 20
Slide 13: 4.3 Recent and future events
4. STOCK PERFORMANCE 4.3 RECENT AND FUTURE EVENTS March 03, 2017 October 25, 2017 The Bucharest Stock Exchange CONPET S.A. announces the distribution and February 15, 2018 announced their decision to payment of dividends in amount of 85 million Release of the preliminary include CONPET S.A. company
Slide 14: 4.4 CONPET S.A. / National Top of Companies
4. STOCK PERFORMANCE 4.4 CONPET S.A. / NATIONAL TOP OF COMPANIES The company CONPET S.A. was present, this year, at the Gala event „National Top of Companies”, organized on November 9, by the Romanian Chamber of Industry and Trade. CONPET ranked among the most important winners of the Gala, being aw
Slide 15: 5.1 Total investments evolution achieved in 2015-2017
5. INVESTMENTS 5.1 TOTAL INVESTMENTS EVOLUTION ACHIEVED IN 2015-2017 TOTAL INVESTMENTS mRON 57.0 64.3 51.9 49.2 45.4 38.1 2015 2016 2017 Programed Achieved PUBLIC DOMAIN OPERATING DOMAIN mRON mRON 51.7 14.4 14.4 42.6 12.4 12.6 37.5 36.9 38.9 10.3 8.5 25.7 2015 2016 2017 2015 2016 2017 Programed Achi
Slide 16: 5.2 Investments program 2018-2020
5. INVESTMENTS 5.2 INVESTMENTS PROGRAM 2018-2020 The value of the expenses related to the investment objectives proposed in 2018-2020 Investments Program is: -2018 – 76,6 mil. RON -2019 – 80,1 mil. RON -2020 – 79,6 mil. RON The investments program for 2018, in total amount of 76,6 mil. RON, includes
Slide 17: 6. Annexes
6. ANNEXES
Slide 18: Profit and loss account
PROFIT AND LOSS ACCOUNT 2015-2017 VARIATION Indicators (mRON) 2015 2016 2017 2017/2016 2016/2015 Sales revenues 381.4 381.7 376.7 ▼ 1.3% ▲ 0.1% Other operating revenues 32.4 29.2 34.9 ▲ 19.1% ▼ 9.7% out of which rev. from modernization quota 30.6 27.7 29.8 ▲ 7.8% ▼ 9.7% TOTAL OPERATING REVENUES 413.
Slide 19: Balance sheet
BALANCE SHEET 2015-2017 Indicators (mRON) Dec. 2015 Dec.2016 Dec. 2017 Tangible assets 398.7 403.5 407.3 Non-tangible assets 2.9 2.0 1.5 Financial investments 0.3 0.6 1.0 Receivables on the deferred income tax - - 0.9 TOTAL FIXED ASSETS 401.9 406.1 410.7 Inventories 8.2 8.5 9.0 Trade receivables and
Slide 20: Cash-flow
CASH-FLOW 2015-2017 Indicators (mRON) 2015 2016 2017 Cash flows out of operating activities (CFO) – direct method + Proceeds from services supply 408.1 402.6 397.5 + Proceeds from interests related to bank investments 3.9 1.8 2.6 + Other proceeds 7.1 10.8 7.5 - Payments to the goods and services sup
Slide 21: CONPET Business
CONPET BUSINESS Company’s Brief Overview Transport Network Overview Operator of the national crude oil, rich gas and condensate CONPET S.A. operates 3,800 km of pipelines with a total transport network; transport throughput of 18.1 million tons/year, the system Natural monopoly position on the R
Slide 22: The national transport network operated by CONPET
SISTEMUL NATIONAL DE TRANSPORT OPERAT DE CONPET S.A. JO CONPET THE NATIONAL TRANSPORT NETWORK OPERATED BY CONPET $F Rampa titei ara Rampé gazolina Statie gazolina @ ‘Stale pompare Moldova mea © Sate automatzata Domestic crude oil i fitel Import fe) loading depot U n g aria e apes Rich gas : loading
Slide 23: Board of Administration
BOARD OF ADMINISTRATION STAN - OLTEANU Manuela Petronela VĂDUVA Constantin Jurist Economist Chairman Member IACOB Constantin Ciprian Jurist POPA Claudiu Member Aurelian Jurist Member BUGICĂ Radu Economist Member LEFTER Răzvan Ștefan Economist MATEI Ion Cristian Member Engineer Member 23
Slide 24: Thank you for your kind attention!
2015 CALENDAR FINANCIAR Thank you for your kind attention! www.conpet.ro