China Petroleum & Chemical Corporation Class A · SSE:600028

China Petroleum & Chemical Corporation Class A — Q3 2024 Earnings Presentation

16 slides from China Petroleum & Chemical Corporation Class A's earnings presentation, Oct 29, 2024

  1. Slide 1: 3Q 2024 Results Announcement

    China Petroleum & Chemical Corporation 3Q 2024 Results Announcement October 29 2024 中国石油化工股份有限公司 S I N O P E C CORP.

  2. Slide 2: Cautionary Statement

    Cautionary Statement Financial data of the first three quarters contained in the presentation and presentation materials are unaudited. This presentation and the presentation materials distributed herein include forward-looking statements. All statements, other than statements of historical facts, t

  3. Slide 3: Market Environment in the First Three Quarters of 2024

    Market Environment in the First Three Quarters of 2024  China’s GDP up by 4.8% in the first three quarters YoY, up by 4.6% in 3Q  International crude oil prices fluctuated widely in 1H, and slumped in 3Q  Domestic demand for major petroleum and petrochemical products  Natural gas apparent consum

  4. Slide 4: Profitability

    Profitability EBIT RMB million 1-9’23 1-9’24 YoY (%) RMB million 84,946 Revenue 2,469,941 2,366,541 (4.2) 73,008 EBIT 84,946 73,008 (14.1) Profit Attributable to Shareholders 54,060 45,110 (16.6) of the Company EPS (RMB) 0.451 0.373 (17.3) 1-9’23 1-9’24 中国石油化工股份有限公司 SINOPEC CORP. 4

  5. Slide 5: Financial Position

    Financial Position RMB million As of Dec. 31, 2023 As of Sep. 30, 2024 Total Assets 2,024,696 2,095,553 Short-term Interest-bearing 70,971 109,874 Debts Long-term Interest-bearing 187,860 191,988 Debts Total Equity Attributable to 802,989 816,224 Shareholders of the Company Liability-to-Asset Ratio

  6. Slide 6: Cash Flow

    Cash Flow RMB million 1-9’23 1-9’24 YoY (%) Net Cash Generated from Operating Activities 98,309 101,541 3.3 Net Cash Used in Investing Activities (120,662) (99,801) - Net Cash Generated from/ (Used in) Financing 56,645 (7,621) - Activities RMB million As of Dec. 31, 2023 As of Sep. 30, 2024 Change (

  7. Slide 7: Upstream – Business Operation

    Upstream – Business Operation  Enhanced high quality exploration, and achieved a number of oil and gas new discoveries  Promoted development of oil and gas production capacity  Natural gas production grew by 5.6% YoY 1-9’23 1-9’24 YoY (%) Oil and Gas Production (mmboe) 376.15 386.06 2.6 Crude Oil

  8. Slide 8: Upstream – Profitability

    Upstream – Profitability Realized Price of Crude Oil Lifting Cost USD/bbl USD/boe 76.6 15.3 15.0 75.7 1-9'23 1-9'24 1-9'23 1-9'24 Realized Price of Natural Gas EBIT of Upstream RMB million USD/kcf 7.1 7.5 45,209 41,620 1-9'23 1-9'24 1-9'23 1-9'24 * 1-9’24 USD 1=RMB 7.1092; 1-9’23 USD 1=RMB 7.0148 中国

  9. Slide 9: Refining – Business Operation

    Refining – Business Operation  Increased production of market-oriented products such as gasoline and jet fuel and cut diesel yield  Maintained relatively high utilization rate  Optimized the pace of carrying forward the “oil to chemicals” and “oil to specialties” projects mm tonnes 1-9’23 1-9’24

  10. Slide 10: Refining – Profitability

    Refining – Profitability Refining Margin EBIT of Refining USD/bbl RMB million 7.07 18,700 5.65 1-9'23 1-9'24 Cash Operating Cost 6,156 USD/bbl 4.00 3.69 1-9'23 1-9'24 1-9'23 1-9'24 中国石油化工股份有限公司 SINOPEC CORP. 10

  11. Slide 11: Marketing – Business Operation

    Marketing – Business Operation  Gasoline and jet fuel sales volume increased continuously  Accelerated the development of gas fueling and EV charging & battery swapping businesses  Promoted transition into an integrated energy provider of Petro-Gas-Hydrogen-Power- Services mm tonnes 1-9’23 1-9’24

  12. Slide 12: Marketing – Profitability

    Marketing – Profitability Profit of Non-fuel Business EBIT of Marketing RMB million 3,969 3,975 RMB million 26,528 19,866 1-9'23 1-9'24 Marketing Cash Operating Cost RMB/tonne 185.27 186.71 1-9'23 1-9'24 1-9'23 1-9'24 中国石油化工股份有限公司 SINOPEC CORP. 12

  13. Slide 13: Chemicals – Business Operation

    Chemicals – Business Operation  Diversified feedstock and reduced cost  Maintained high utilization rate in profitable facilities  Vigorously expanded domestic and overseas market ’000 tonnes 1-9’23 1-9’24 YoY (%) Ethylene Production 10,662 10,041 (5.8) Synthetic Resin Production 15,233 14,952 (1

  14. Slide 14: Chemicals – Profitability

    Chemicals – Profitability Chemical Unit All-in Cost EBIT of Chemicals RMB/tonne RMB million 1,466 1,321 1-9'23 1-9'24 Chemical Products Price Index (CPPI) (4,787) 180 160 (6,707) 140 120 1-9'23 1-9'24 100 80 60 40 Jan-22 Jan-23 Jan-24 Index Difference CPPI Naphtha Price Index 中国石油化工股份有限公司 SINOPEC CO

  15. Slide 15: Capital Expenditure

    Capital Expenditure  Capital expenditure in the first three quarters was RMB 86.4 Bn  Upstream: RMB 50.8 Bn RMB billion Mainly for building oil and gas capacity and 108.2 construction of storage and transportation facilities 86.4  Refining: RMB 12.6 Bn Mainly for Zhenhai expansion, revamping of G

  16. Slide 16: Contact Information

    Contact Information Investor relations Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 Email: ir@sinopec.com Hong Kong: Fax: (852) 28243669 Email: ir.hk@sinopec.com www.sinopec.com 中国石油化工股份有限公司 SINOPEC CORP. 16

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