Grand Pacific Petrochemical Corp. · TWSE:1312
Grand Pacific Petrochemical — H1 2026 Earnings Presentation
29 slides from Grand Pacific Petrochemical's earnings presentation, Sep 23, 2026
Slide 1: Grand Pacific Petrochemical Corporation Investor Conference
GRAND PACIFIC PETROCHEMICAL CORPORATION Investor Conference 115.09.23
Slide 2: Agenda
Agenda 1 Company Profile Director Hsiu-tsan Lo Industry Overview and 2 Prospect Director Hsiu-tsan Lo 3 Financial Reports Vice President Mei-yiu Shen 4 Q&A Management Team
Slide 3: Disclaimer
Disclaimer The forward-looking statements contained in this presentation are subject to risks and uncertainties and actual results may differ materially from those expressed or implied in these forward-looking statements. Grand Pacific Petrochemical Corporation makes no representation or warranty as
Slide 4: 1. Company Profile
1. Company Profile Established 1973 Capital NT 15.27 billion Employee 372 (2026Q3) of GPPC 4
Slide 5: 2. Industry Overview and Prospect
2. Industry Overview and Prospect Upstream feedstocks and downstream applications 5
Slide 6: Most frequently mentioned impacts on industries
Most frequently mentioned impacts on industries • The U.S.–Iran conflict continues, prolonging crude oil supply disruptions. As a result, elevated oil prices are expected to persist for some time. • The continued high oil prices are driving inflation and interest rate hike expectations in various co
Slide 7: Global Crude Oil Supply and Demand Outlook
Global Crude Oil Supply and Demand Outlook Source: 2026/9 Argus Oil Market and Future Fuels Forum 7
Slide 8: World GDP Growth Outlook
World GDP Growth Outlook Source: 2026/9 Argus Oil Market and Future Fuels Forum 8
Slide 9: Styrene Spot Margin Outlook
Styrene Spot Margin Outlook Source: 2026/5 Japan APIC CMA data 9
Slide 10: FOBK BZ/NEA C2 VS NAPHTHA
FOBK BZ/NEA C2 VS NAPHTHA FOBK BZ & NEA C2-MOP J NAPHTHA 480 440 400 360 320 280 240 200 160 120 80 40 0 -40 -80 -120 2026/1/2 2026/2/2 2026/3/2 2026/4/2 2026/5/2 2026/6/2 2026/7/2 2026/8/2 2026/9/2 FOBK BZ-NAPHTHA NEA C2-NAPHTHA 10
Slide 11: GPPC sales volume(MT)
GPPC sales volume(MT) MT 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3(E) 11
Slide 12: Product revenue share
Product revenue share 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3(E) SM ABS PA Others 12
Slide 13: Asian price trend - styrene
Asian price trend - styrene $/MT 1,400 1,200 1,000 800 600 400 200 - 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3(E) C2 BZ SM 13
Slide 14: Taiwan SM import/export
Taiwan SM import/export Taiwan 500 450 400 350 300 250 200 150 100 50 - 2019 2020 2021 2022 2023 2024 2025 2026(E) Import Exports 14
Slide 15: China SM import/export
China SM import/export China 3,500 3,000 2,500 2,000 1,500 1,000 500 - 2019 2020 2021 2022 2023 2024 2025 2026(E) Import Exports 15
Slide 16: China BZ import
China BZ import China 6,000 5,000 4,529 4,000 3,000 2,000 1,000 - 2019 2020 2021 2022 2023 2024 2025 2026(E) Import 16
Slide 17: Korea BZ export/import
Korea BZ export/import kMT 3,500 3,500 3,000 3,000 2,500 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 - - 2019 2020 2021 2022 2023 2024 2025 2026(E) Imports Exports Net Export (R) 17
Slide 18: Asian price trend - ABS
Asian price trend - ABS $/MT 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 - 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3(E) SM AN BD ABS 18
Slide 19: China ABS balance
China ABS balance kMT 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2021 2022 2023 2024 2025 2026(E) Supply Demand Imports Exports 19
Slide 20: Operation rates of Styrenics in China
Operation rates of Styrenics in China 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% EPS ABS PS SM 20
Slide 21: Asian price trend – PA66
Asian price trend – PA66 $/MT 3,500 3,000 2,500 2,000 1,500 1,000 500 - 2025/Q1 2025/Q2 2025/Q3 2025/Q4 2026/Q1 2026/Q2 2026/Q3(E) Invista HMD List3 AA ASIA 2 PA66 ASIA 21
Slide 22: China PA66 operating rate
China PA66 operating rate 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26 Aug-26 Operating rate 22
Slide 23: 3. Financial results
4 AA SHU FRORRE”D a GRAND PACIFIC PETROCHEMICAL CORPORATION Ao ZA 3. Financial results 23
Slide 24: Revenue structure
Revenue structure (NT$ M) 2025H1 NT$11,017M 2026H1 NT$12,914M 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 SM PDH PP ABS/PS Media PA66 Packing Materials Other 24
Slide 25: Consolidated Statements of Income
Consolidated Statements of Income (NT$ M) Item H126 H125 Diff. FY25 FY24 FY23 FY22 Net Revenue 12,914 11,017 1,897 22,614 16,418 15,719 18,176 Cost of Revenue 12,936 11,538 1,398 24,178 15,908 15,271 17,305 Gross Profit -22 -521 499 -1,564 510 448 871 gross profit ratio 0% -5% 5% -7% 3% 3% 5% Operat
Slide 26: Financial Analysis
Financial Analysis 6M26 2025 2024 2023 2022 Debt ratio (%) 50.81 51.62 42.62 41.07 40.19 Current ratio (%) 108.05 116.41 174.97 187.03 367.65 Quick ratio (%) 79.4 70.12 100.28 133.22 289.17 A/R turnover (times) 15.93 13.55 9.34 8.85 8.39 A /R turnover (days) 22 26 39 41 43 Inventory turnover (times)
Slide 27: GPPC Partners with Japanese Industrial Gas Giant AWI to Enter Semiconductor Specialty Materials
GPPC Partners with Japanese Industrial Gas Giant AWI to Enter the High-Growth Semiconductor Specialty Materials Market GPPC partnered with Japanese industrial gas manufacturer AIR WATER INC. (AWI) to participate in a capital increase by Hong-Kuang Hi-Tech Corp., a manufacturer of specialty gases for
Slide 28: Thank You
THANK YOU | GRAND PACIFIC PETROCHEMICAL CORPORATION 28
Slide 29: AA SHU FRORRE”D
4 AA SHU FRORRE”D a GRAND PACIFIC PETROCHEMICAL CORPORATION 29
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