PTT Global Chemical Public Company Limited · SET:PTTGC
PTT Global Chemical Public — Q2 2018 Earnings Presentation
17 slides from PTT Global Chemical Public's earnings presentation, Aug 22, 2018
Slide 1: PTTGC Opportunity Day Q2'2018 Performance
PTTGC Opportunity Day Q2’2018 Performance 22 August 2018 1
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in par
Slide 3: Vision and Mission
Vision and Mission VISION To be a Leading Chemical Company for Better Living We deliver the best business performance through trustworthiness to create fair and sustainable value for shareholders SHAREHOLDER GC MISSION We provide superior solutions from innovative products and services to be the bes
Slide 4: PTTGC Sustainable Development
PTTGC Sustainable Development 4
Slide 5: Agenda
Agenda Q2 2018 Financial Results 01 Strategic Direction 02 5
Slide 6: Agenda
Agenda Q2 2018 Financial Results 01 Strategic Direction 02 6
Slide 7: Q2'2018 Highlight
Q2’2018 Highlight Revenue Net Profit JV Contribution Operating rate 128,923 10,828 1,515 Olefins 104% Million Baht Million Baht Million Baht Polymer 107% Aromatics 94% +26% YoY +64% YoY +410% YoY +7% QoQ -13% QoQ -25% QoQ Refinery 101% Noted : NI 12,216 MB, excluding inventory loss. Project progress
Slide 8: Overview of business unit performance
Overview of business unit performance Q2/2017 YoY QoQ 6M/2017 YoY (Unit: Million Baht) Q1/2018 Q2/2018 6M/2018 (Restate)* % +/(-) % +/(-) (Restate)* % +/(-) Sales Revenue 102,587 120,939 128,923 26% 7% 213,419 249,862 17% EBITDA 11,831 16,308 18,574 57% 14% 30,892 34,883 13% EBITDA Margin (%) 12% 13
Slide 9: Main BUs Performance
Main BUs Performance YoY QoQ YoY (Unit: USD/bbl) Q2/2017 Q1/2018 Q2/2018 6M/2017 6M/2018 % +/(-) % +/(-) % +/(-) Dubai Crude Oil 49.77 63.88 72.09 45% 13% 51.44 67.99 32% Refinery Gasoline-Dubai 14.21 13.73 12.12 -15% -12% 14.50 12.92 -11% Jet-Dubai 10.81 16.11 15.25 41% -5% 11.07 15.68 42% Diesel-D
Slide 10: Performance comparison YoY
Performance comparison YoY Unit : MB 3,997 953 1,388 Operating Profit from main BUs FX Gain/ (loss) 10,828 1,302 Q2’18 = (682) Loss from GGC’s Inventory 1,267 Q2’17 = 271 (72.29%) net DTA 6,603 Stock Gain/ (loss) & NRV & Commodity Hedge Q2’18 = (1,388) Sharing from Subsidiaries, Q2’18 = 2,908 JV & A
Slide 11: Performance comparison QoQ
Performance comparison QoQ Operating Profit Unit : MB from main BUs 12,388 2,975 1,351 1,028 768 1,388 FX Gain/ (loss) 10,828 Q2’18 = (682) Sharing from Stock Gain/ (loss) & Loss from GGC’s Inventory Q1’17 = 669 Subsidiaries, NRV & Commodity Hedge (72.29%) net DTA JV & Associate Q2’18 = 2,908 Q2’18
Slide 12: 2018 Performance Outlook
2018 Performance Outlook Operating rate Price & Spread Refinery • Middle distillate gain benefit from • No S/D plan and demand and low inventory, while expected full operating ULG has pressure from high rate with 101% inventory Aromatics • No S/D plan and • Support from downstream expected operating
Slide 13: Agenda
Agenda Q2 2018 Financial Results 01 Strategic Direction 02 13
Slide 14: Strategic Development: PTA & PET
Strategic Development : PTA & PET On 8 Aug, GC and TOCGC have signed SPA to acquire share, direct & indirect, in Siam Mitsui PTA (SMPC) and Thai PET Resin (TPRC), which make GC group to hold 74% of share in both company. SMPC : GC Group 74% : Mitsui Chemical (MCI) 26% Shareholding TPRC : GC Group 74
Slide 15: Strategic Direction: Consistent volume growth
Strategic Direction : Consistent volume growth Committed investment project ME Plant 2 (200 KTA) (COD Q3/18) : Construction completed PO/Polyols (330 KTA) : 16% & 18% progress SMPC PTA (970 KTA) TPRC PET (147 KTA) Olefins Reconfiguration (750 KTA) : 21% progress mLLDPE (434 KTA) (COD 1st Mar) Digita
Slide 16: Enhance product offering and value chain integration
Enhance product offering and value chain integration 16
Slide 17: Thank You
Thank You 1 Thitipong Jurapornsiridee VP-Corporate Finance & IR Thitipong.j@pttgcgroup.com +662-265-8574 2 Jittasak Soonthornpan IR Manager Jittasak.s@pttgcgroup.com +662-265-8172 3 Nattchanon Chawinsittangkul IR Analyst Nattchanon.c@pttgcgroup.com +662-265-8364 4 Pantaree Nantanakom IR Analyst Pant
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