PT Chandra Asri Pacific Tbk · IDX:TPIA
PT Chandra Asri Pacific Tbk — PT Chandra Asri Petrochemical — FY2022 Earnings Presentation
27 slides from PT Chandra Asri Pacific Tbk's earnings presentation, Apr 5, 2023
Slide 1: Q4 & FY 2022 Results
PT Chandra Asri Petrochemical Tbk Q4 & FY 2022 Results 05 April 2023 Earnings Call | Presentation to Analysts and Investors
Slide 2: Forward-Looking Statement
Forward-Looking Statement IMPORTANT NOTICE: This document contains forward-looking statements concerning the financial condition, results of operations and business of PT Chandra Asri Petrochemical Tbk. All statements other than statements of historical facts are, or may be deemed to be, forward-loo
Slide 3: Table of Contents
Table of Contents 01 02 03 04 Key Performance Strategy & Questions & Highlights Overview Growth Answers
Slide 4: Key Highlights
S Chandra Asri Key Highlights
Slide 5: Key Highlights
Key Highlights Notwithstanding challenging global market conditions, Chandra Asri continued to maintain robust operational, financial and strategic resilience to strengthen our position in our core market ▪ Launch of holistic ESG Framework Revenue of US$2,385m ▪ Top 1 Percentile ESG Global Rating by
Slide 6: Performance Overview
S Chandra Asri Performance Overview
Slide 7: Market Product Prices
Market Product Prices Exceptionally challenging global macro conditions (in US$/MT) Olefins Polyolefins Styrene Monomer & Butadiene Ethylene Propylene 1,389 Naphtha 1,155 1,177 1,094 1,162 1,309 1,095 990 905 883 941 779 1,009 1,037 950 854 880 741 796 741 671 741 671 671 407 407 407 Polyethylene SM
Slide 8: Production and Sales
Production and Sales Full volume sales achieved with sustained domestic leadership to meet Indonesian shortage Production Sales (all figures in KT) Ethylene (1) Polyethylene Plant Polypropylene Plant Styrene Monomer Plant 864 724 692 681 589 588 543 540 531 534 302 301 217 221 95 94 FY 2021 FY 2022
Slide 9: Operating Rates
Operating Rates Operating rates driven by economics of prevailing price spreads Naphtha Cracker Polyethylene Plant Polypropylene Plant Styrene Monomer Plant 96% 80% 94% 89% 80% 92% 90% 64% FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Butadiene Plant MTBE Plant 1) Butene-1 Plant Al
Slide 10: ESG Framework
ESG Framework Chandra Asri’s ESG RESPONSIBLE framework strives to maintain and always adapts to the ever-changing global business landscapes and atmospheres Resource use and Environmental Management Energy Transition and Low Carbon Solution Social and Community Engagement Product Stewardship OHS and
Slide 11: ESG Initiatives – Environmental
ESG Initiatives – Environmental Track record of progress made in Environmental, Social and Governance (“ESG”) initiatives 69% utilised in 2022 Non- >745,000GJ energy vs target of 53% Hazardous reduction in 2022 Waste Energy Utilisation Usage Reduction >68,000 ton CO2 1.17 ton water/ton product Emiss
Slide 12: ESG Initiatives – Social
ESG Initiatives – Social Track record of progress made in Environmental, Social and Governance (“ESG”) initiatives Life Cycle No Fatal Zero Case of Total Assessment Injuries in Legal Training (LCA) study 2022 Actions Hours : More completed than 58 and thousand submitted to hours to government train
Slide 13: ESG Initiatives – Governance
ESG Initiatives – Governance Track record of progress made in Environmental, Social and Governance (“ESG”) initiatives > 61% of Local HR Digitalization Embed Zero Case of Code Suppliers Emerging ESG of Conduct / Risks and Business Ethics Prepare Violation Mitigation 13 Strictly Confidential
Slide 14: ESG Recognition
ESG Recognition Numerous prestigious awards throughout 2022 Green PROPER Award from The Best Company in Raw Green Industry Award 2022 Indonesia CSR Award 2022 Material Sector & Best CEO Top CSR Awards 2022 by the Ministry of Environment and Forestry (KLHK) from Ministry of Industry from Economic Rev
Slide 15: Top 1 Percentile Industry ESG Rating
Top 1 Percentile Industry ESG Rating 15 Strictly Confidential
Slide 16: Revenue
Revenue Only marginal declines notwithstanding global challenges, due to domestic leading position Net Revenues (US$ m) Net Revenues Split (%) US$ 2,580m 7 US$ 2,385m 47 2% 0% 175 7 Olefins 40 7% 361 163 17% Polyolefins 280 12% Styrene Monomer Butadiene 1,635 MTBE/B1 1,483 62% Tanks & Jetty 356 412
Slide 17: Balance Sheet Highlights
Balance Sheet Highlights Continuous strong balance sheet position to navigate through the volatile conditions Financing Sources (%) Debt-to-Capitalisation Offshore Bank Loans IDR Bonds Max 50% 35% 27% 4% 60% 36% Onshore Bank Loans FY 2021 FY 2022 Facilities as of 31 December 2022 Liquidity Pool Avai
Slide 18: Access to Liquidity
Access to Liquidity Continuous strong support from onshore banks, offshore banks, and bond investors US$ 325m BRI Signed a US$ Facility Signing 100m to Facilitate Loan Facility with Domestic OCBC NISP to Petrochemical Facilitate Industry Growth Domestic Petrochemical Industry Growth The first Succes
Slide 19: IDR Bond Highlights
IDR Bond Highlights Milestones in IDR Bond issuance with 580% growth from 2016 to 2022 and longer tenors up to 10 years 2016 2017 2018 2019 2020 2021 2022 IDR 500b IDR 500b IDR 1,000b IDR 750b IDR 2,350b IDR 2,000b IDR 3,400b 3 & 5 yrs 3, 5, 7 yrs 3, 5, 7 yrs 3 yrs 3, 5, 7 yrs 3, 5, 7, 10 5, 7, 10 y
Slide 20: Strategy & Growth
Ss S Chandra Asri Strategy & Growth
Slide 21: Three Key Strategic Focus Areas
Three Key Strategic Focus Areas Chandra Asri’s Programmatic M&A strategy is geared towards supporting CAP 2 expansion plans Exponential Growth Sustainability & ESG Digital Transformation CAP 2 Crystalize Framework New ERP Implementation Programmatic M&A Broaden Partnerships Digital Plant 21 Strictly
Slide 22: Acquisition of KDL & KTI
Acquisition of KDL & KTI Synergies between Chandra Asri – KDL – KTI to support industrial needs in Cilegon & surrounding communities Successfully acquired 70% of Krakatau Sarana Infrastruktur's ("KSI") shares in Krakatau Daya Listrik ("KDL") and 49% of KSI's shares in Krakatau Tirta Industri ("KTI")
Slide 23: Asset Highlights
Asset Highlights Key performance metrics Krakatau Daya Listrik (“KDL”) Transaction Flow Energy Solution One of 2 gas turbine combined cycle power plants (CCPP) in Indonesia Chandra ▪ 120 MW max power generation capacity Asri ▪ Renewable energy capability with solar power technology Krakatau Tirta In
Slide 24: CAP's Programmatic M&A Strategy Framework
CAP’s Programmatic M&A Strategy Framework Clear capital discipline under a dedicated SPV – Chandra Daya Investasi (“CDI”) C CHEMICALS CILEGON Aiming to support development of CAP as Indonesia’s Strategically located in Cilegon, CAP’s home base for the past 30 leading and preferred petrochemical comp
Slide 25: Chandra Asri's 2023 Priorities
Chandra Asri’s 2023 Priorities CORE BUSINESS MAJOR PROJECTS SUSTAINABLE FUTURE Expand petrochemical Prepare for the business upcoming FID of CAP2 Sustain industry leadership Cost leadership Integrate the newly- in ESG acquired companies Operational excellence OPTIMISE VALUE AND SHAREHOLDER RETURNS 2
Slide 26: Questions & Answers
Ss S Chandra Asri Questions & Answers
Slide 27: Thank you!
Thank you! Welcome to reach out to us should you have any questions Head Office Address: Contact: PT Chandra Asri Petrochemical Tbk Investor Relations Wisma Barito Pacific Tower A, 7th Floor Email: investor-relations@capcx.com Jl. Let. Jend. S. Parman Kav. 62-63 Tel: +62 21 530 7950 Jakarta 11410 Fa
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