Slide 1: Borouge Analyst & Investor Presentation
ADNOC Classification: Public BOROUGE ANALYST & INVESTOR PRESENTATION FOR THE PERIOD ENDED 30 JUNE 2022
Slide 2: Disclaimer
ADNOC Classification: Public DISCLAIMER This presentation has been prepared by the Borouge PLC and its subsidiaries (the “Company”) based on publicly available information and non-public information to assist you in making a preliminary analysis of the content referenced herein solely for informatio
Slide 3: Agenda and Presenters
ADNOC Classification: Public AGENDA AND PRESENTERS Hazeem Sultan Al Suwaidi Chief Executive Officer 1 Strategic Overview 2 Market Dynamics 3 Operating Highlights Rainer Hoefling Chief Marketing Officer 4 Financial Highlights 5 Summary Louis Roland R. Desal Chief Operating Officer 6 Appendix Saeed Al
Slide 4: Strong H1 2022 Financial Results
ADNOC Classification: Public STRONG H1 2022 FINANCIAL RESULTS Highlights from the three and six months ended June 30, 2022 Revenue growth of 16% yoy in H1 2022 (18% QonQ) driven by differentiated pricing and growing sales volumes $3,460m H1 22 Revenue at 16% y-o-y growth Sales volumes increased 9% y
Slide 5: Polyolefins Market & Premia Update
ADNOC Classification: Public POLYOLEFINS MARKET & PREMIA UPDATE Product Prices and Premia Evolution Commentary 1,518 ▪ Economic activity in our core markets, Asia 1,435 Pacific and Middle East, remains strong, 1,421 Benchmark 1,399 1,381 supporting sales volumes. Prices vs Sales 1,313 Prices FY21 ac
Slide 6: Operational Performance
ADNOC Classification: Public OPERATIONAL PERFORMANCE Sales Volumes(1) Commentary (3) 1,197 1,262 ▪ Overall sales volumes grew by 9% vs H1 21, reflecting higher underlying production following Polyethylene 610 652 PP5 ramping up and the B1 turnaround, as well (kt) as sales out of inventory during Jun
Slide 7: Revenue & Profitability
ADNOC Classification: Public REVENUE & PROFITABILITY Key Metrics(1) Commentary (3) 3,460 2,972 121 PE PP Others ▪ Increase in H1 22 revenues of 16% yoy driven 93 101 1,590 1,870 by volume growth and average price per tonne 1,386 Revenue 1,207 80 86 growth. 34 ($m) 734 652 1,664 1,953 ▪ Total cost gr
Slide 8: Costs
ADNOC Classification: Public COSTS Key Metrics Commentary (3) % of Revenue 44% 41% 46% 42% ▪ Costs of sales increased 25% year on year and 1,528 1,220 8% quarter-on-quarter. Cost of Sales 792 ($m) 738 736 790 ▪ Feedstock expenses grew by 6% in H1 FY22 vs H1 FY21, reflecting our relatively fixed etha
Slide 9: Capex & Free Cash Flow
ADNOC Classification: Public CAPEX & FREE CASH FLOW Commentary 134 128 • Working capital was a source of cash in the period, reflecting a reduction of inventories in 84 line with mid-term guidance Capital • Capital expenditure mainly related to Expenditure maintenance expenditures at existing plants
Slide 10: Outlook
ADNOC Classification: Public OUTLOOK Market backdrop ▪ Economic activity in our core markets of Asia Pacific and Middle East remains strong ▪ As per market analysts outlook, while underlying benchmark prices for PE and PP have softened slightly at the start of Q3, they remain higher compared to prev
Slide 11: Summary
ADNOC Classification: Public SUMMARY Summary of our Q2 and H1 2022 Financial Results Robust financial Operational PP5 plant Significant Confident in performance, excellence ramping up and cashflow outlook for strong revenue driving volume turnaround of generation remainder of growth and growth and B