Cosmo Energy Holdings Co., Ltd. · TSE:5021
Cosmo Energy — Q2 2018 Earnings Presentation
32 slides from Cosmo Energy's earnings presentation, 2018
Slide 1: Act on Sophisticated Methods of Energy Supply Structures; Akita Offshore Wind Power
NEW A NEW icon is given to each item of information newly added to this version of glossary. Act on Sophisticated Methods of Energy Supply Structures An act to promote the use of non-fossil resources and more effective use of fossil sources by energy supply businesses. It facilitates measures necess
Slide 2: Arakawa Chemical Industries; Bio gasoline
Arakawa Chemical Industries, Ltd. -Founded in 1876, the company manufactures and sells environmentally friendly, value added materials, including those necessary for manufacturing products related to printing and cutting-edge electronics, based on its core technologies in the chemistry of rosin or p
Slide 3: Car Care Merchandise; CEPSA
Car Care Merchandise It includes car inspection, repair, lubricating oil change, and car wash services, tires, batteries, accessories, and other automotive products and services, which represent the value added merchandise. CEPSA Compañía Española de Petróleos, S.A.U. (hereinafter “CEPSA”), Spanish
Slide 4: Atmospheric distillation; CM Aromatics Co., Ltd.
CM Aromatics Co., Ltd. A joint venture company established by Cosmo Oil and Maruzen Petrochemical Co., Ltd. to procure the base material to manufacture mixed xylene and to store and market it. Date of establishment: April 1, 2005 Capital: ¥100 million Invested by: Cosmo Oil at 65% and Maruzen Petroc
Slide 5: Coker Unit
Coker Unit A new unit built at the Sakai Refinery of Cosmo Oil (with a capital investment of some ¥100 billion) scheduled to start operation during fiscal year 2010. In addition to the Coker unit, a Coker Distillate hydrodesulfurization unit is also newly being built. These units, when completed, ar
Slide 6: Refining Process Chart After Introduction of Coker and Other Units
<Refining Process Chart After Introduction of Coker and Other Units> Refining Process ＬＰＧ LPG Naphtha Naphtha Gasoline hydrodesulf Catalytic Naphtha -urization reformer mixing Gasoline unit unit Atmosphe ric Crude Kerosene Kerosene & distillation diesel fuel Jet fuel oil unit hydrodesulp Kerosene h-
Slide 7: Company with Audit and Supervisory Committee; Concession agreement
Company with Audit and Supervisory Committee -Under the revised Companies Act, a Company with Audit and Supervisory Committee is prescribed as “any Stock Company which has an Audit and Supervisory Committee consisting of three or more directors (the majority of the member directors shall be outside
Slide 8: COSMO B-CLE LEASE (Personal Car Lease)
COSMO B－CLE LEASE(Personal Car Lease) An integrated, “one-stop” vehicle lease service encompassing procurement of vehicles, automobile safety inspection, car insurance, discounted fueling. With a monthly payment of fixed lease fee, customers can receive all of above services at our outfit without go
Slide 9: Cosmo Abu Dhabi Energy Exploration & Production Co., Ltd.
Cosmo Abu Dhabi Energy Exploration & Production Co., Ltd. -Established in November 2014 to control Abu Dhabi Oil Co., Ltd. and plan and promote new oil and gas projects in Abu Dhabi. -Accepted an investment from CEPSA, a leading integrated oil company in Spain in the IPIC(currently MIC) group, to st
Slide 10: Cosmo The Card Opus; Desulfurization Catalyst; Eco Card
Cosmo The Card Opus Starting June 2006, “Cosmo the Card Opus” was issued in affiliation with AEON Credit Service Co. Ltd. Co-branded with no annual fee international brands (VISA, MasterCard, JCB), the line-up will be able to accommodate a range of customer needs. Desulfurization Catalyst The typica
Slide 11: Eco Power Co., Ltd.; Ethylene
Eco Power Co., Ltd. In March 2010, Cosmo Oil acquired shares owned by Ebara Corporation in its wind power generation subsidiary, Eco Power Co., Ltd. (“Eco Power”) and made Eco Power a consolidated subsidiary. Eco Power owns wind turbines in wind-rich areas, mainly in Tohoku and Hokkaido. <Outline of
Slide 12: F Index; FCC (Fluid Catalytic Cracking Unit)
F Index An index that dealers use to manage their Service Stasions (or to raise their cost awareness) The primary objective of introducing this index is to have each dealer understand the ratio of the gross margin of sales of the value added merchandise (including statutory car inspection, lubricati
Slide 13: Feed-in Tariff (FIT) Scheme; Four main products
Feed-in Tariff (FIT) Scheme for Renewable Energy - The scheme introduced by the Japanese government for the purpose of promoting the use of renewable energy across Japan - The scheme requiring electric companies to purchase electricity generated from renewable energy sources by existing and new faci
Slide 14: FTSE Blossom Japan Index
FTSE Blossom Japan Index The FTSE Blossom Japan Index is a stock index, based on which TSE Russell*1, a member of the London Stock Exchange Group in the United Kingdom, selects Japanese companies that demonstrate excellent performance from the perspective of environment, society and governance, name
Slide 15: Hail Oil Field
Hail Oil Field -We have extended our interests in existing three oil fields (Mubarraz Field, Umm Al Anbar Field and Neewat Al Ghalan Field) for 30 years since 2012 based on the solid trust built between Abu Dhabi Oil Co., Ltd. and the oil-producing country (Abu Dhabi of United Arab Emirates). We als
Slide 16: Heavy Fuel Oil Desulfurization Units (Direct and Indirect)
Heavy Fuel Oil Desulfurization Units (Direct and Indirect) Units designed to recover sulfur from what is in the bottom (or heavy fuel oil) of the atmospheric distillation unit Crude Secondary Refining Units oil Petroleum gas Atmospheric distillation unit (topper) Light naphtha Gasoline m ixing High-
Slide 17: Hybrid financing (subordinated loans)
Hybrid financing (subordinated loans) A form of hybrid financing with a nature between equity and debt. It is a financing method with a nature and characteristics similar to equity, such as the voluntary rescheduling of interest, the super-long repayment term, and subordination in liquidation procee
Slide 18: Hyundai Cosmo Petrochemical Co., Ltd
Hyundai Cosmo Petrochemical Co., Ltd (Ex. HC Petrochem) An equal joint venture company that Cosmo Oil established with Hyundai Oilbank Co., Ltd. (HDO) in November 2009. Using a paraxylene plant (with a production capacity of 380,000 tonnes per year) assigned by HDO, Hyndai Cosmo Petrochemical(HCP) s
Slide 19: Visualized Concept for Olefinic and Aromatic Products
※ Visualized Concept for Olefinic and Aromatic Products Reformate (base material for gasoline) The red framed indicates the scope of business done by Hyundai Cosmo Petrochemical Co., Ltd.（ＨCP)
Slide 20: Para-xylene manufacturing facility structure in the JV business
※ Para-xylene manufacturing facility structure in the JV business: ＊ Light Raffinate naphtha Naphtha splitter Benzene 130,000 Existing facility tons Hydrogen LPG Para-xylene 380,000 Aromatic tons compound manufacturin Full-range g unit cluster Heavy Total naphtha Naphtha Catalytic aroma volume of (p
Slide 21: Hyundai Oilbank Co., Ltd. (HDO); IMO regulations
Hyundai Oilbank Co., Ltd. (HDO) HDO is an oil refining and marketing company based in the Republic of Korea. Established in 1964, HDO processes crude oil at 560,000 barrels a day. As part of its joint projects with IPIC, Cosmo Oil in April 2008 signed a memorandum of understanding for comprehensive
Slide 22: Impact of inventory valuation
Impact of inventory valuation The “impact of inventory valuation” indicates the impact on the cost of sales in the financial statements, according to the inventory valuation method, when there is a change in the price of crude oil. It can be separated into the following two categories: 【Inventory va
Slide 23: Keiyo Seisei JV G.K.
Keiyo Seisei JV G.K. Joint venture company established with JXTG(Former Tonen General Sekiyu) in January 2015. (Ownership: Cosmo Oil and JXTG = 50:50) Construction work of a pipeline that connects Chiba refineries of the both companies began in June 2015. It aims to create total synergy ( the two co
Slide 24: Kygnus Sekiyu K.K.
Kygnus Sekiyu K.K. Signed a capital and business alliance agreement with Kygnus Sekiyu K.K. in February 2017. Acquired 20% of common shares of Kygnus Sekiyu K.K. in May 2017. Planning to trade petroleum products in about 2020 based on this alliance. Will have discussions and examinations not only fo
Slide 25: Maruzen Petrochemical Co., Ltd.
Maruzen Petrochemical Co., Ltd. We made Maruzen Petrochemical Co., Ltd., which had been an equity-method affiliate, a consolidated subsidiary in March 2016 with the acquisition of additional shares. With one of the largest ethylene production capacities in Japan, it continues to supply high-quality
Slide 26: Capital Relationship with Industrial Complex of Maruzen Petrochemical
《Capital Relationship with Industrial Complex of Maruzen Petrochemical》 Product flow Investment (Ratio of voting rights) Investment Maruzen Investment Major Petrochemical 13.2% each shareholders 52.7% Cosmo Group: 52.7％ Major shareholders: 39.6％ Other shareholders: 7.7％ ・Ube Industries Cosmo Energy
Slide 27: MIC; Mixed Xylene; MOPS
MIC Mubadala Investment Company (MIC). IPIC and Mubadala Development Company (MDC) merged in January 2017 and founded MIC as a holding company. Large total assets of 125 billion dollars; Sovereign wealth fund wholly owned by the Abu Dhabi government. Balanced and wide-ranging investments in petroleu
Slide 28: Operations Management System (OMS); Other four main products; Para-Xylene
Operations Management System (OMS) - OMS is a mechanism to set an activity policy consisting of 23 requirements as essential and important items to achieve safe operation and stable supply and for the head office and refineries to enhance their efforts in each activity based on the policy. -Cosmo Oi
Slide 29: Platts; Production sharing contract
Platts A Provider of oil price information. Prices released by Platts are key benchmarks used to price Middle East crude and petroleum products shipped to Asia. Production sharing contract (PS contract) -A contract by which one or more than one petroleum and natural gas development company contracts
Slide 30: RIM prices; Sales Unit; SDGs; Sogo Energy Corporation
RIM prices Generic term for domestic rack (land-based) spot price and waterborne spot price released by RIM INTELLIGENCE Co. Sales Unit, or Service Station Sales Unit A monthly sales volume of automobile fuel oil per Service Station SDGs (Sustainable Development Goals) The Sustainable Development Go
Slide 31: Service Station NV Index; Stockpiling obligations; Three core companies
Service Station (SS) NV Index This refers to a management evaluation index that provides navigation for SS operators to strengthen their management of SSs (or to build the management basis to improve profitability even if they face such an unfavorable business environment that may reduce operating m
Slide 32: Topper; VLCC; Wind power generation; Yokkaichi Kasumi Power
Topper ( Crude Distillation Unit ) An atmospheric distillation unit. Generally speaking, the crude oil processing capacity of an oil refinery is represented by its CDU’s processing capacity per day. VLCC(Very Large Crude Oil Carrier) A type of large tanker used to transport crude oil that can transp
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