Conpet Sa · BVB:COTE

Conpet Sa — H1 2015 Earnings Presentation

21 slides from Conpet Sa's earnings presentation, Aug 13, 2015

  1. Slide 1: 2015 Ist Half Report

    115 YEARS OF EXPERIENCE 2015 Ist Half Report August 13, 2015

  2. Slide 2: Reference to the Document

    REFERENCE TO THE DOCUMENT SCOPE OF THE DOCUMENT: • This material was prepared for the presentation of CONPET operational and financial results to the public investors (shareholders, creditors, analysts, financial media), being strictly informative. The presentation was intended exclusively for infor

  3. Slide 3: Reference to the Document

    REFERENCE TO THE DOCUMENT •This presentation (“Presentation”) was prepared by CONPET S.A. (“CONPET” or “the Company”). The Presentation or any copy thereof may not be copied, distributed, directly or indirectly delivered to any person for any purpose, in absence of CONPET’s knowledge and consent. Th

  4. Slide 4: Agenda

    AGENDA 2015 Ist Half Report Key Indicators Operational Results Financial Results Key Financial Indicators Summary of the Cash Flow Stock Performance Annexes

  5. Slide 5: 2015 Ist Half Results - Key Indicators

    2015 IST HALF RESULTS - KEY INDICATORS 2015 IST HALF Vs. 2014 IST HALF TOTAL TRANSPORTED QUANTITIES 3,417 thousand tons ▲10.4% • Total transported quantities DOMESTIC TRANSPORTED QUANTITIES +10.4%; Operating 1,980 thousand tons ▼ 0.6% • Average tariff on import transport was increased by Revenues IM

  6. Slide 6: Transported Quantities on Domestic and Import Sub-systems

    2015 IST HALF TRANSPORTED QUANTITIES ON DOMESTIC AND IMPORT SUB-SYSTEMS 2015 IST HALF / 2014 IST HALF 3,417 THOUSAND TON ▲10.4% +10.4% TOTAL TRANSPORTED QUANTITIES +30.5% 58% ▼10.0% SHARE OF THE DOMESTIC TRANSPORTED QUANTITIES -0.6% IN TOTAL TRANSPORTED QUANTITIES 3,417 3,093 42% ▲18.2% SHARE OF THE

  7. Slide 7: Revenues from Transport on Domestic and Import Sub-systems

    REVENUES INCURRED BY THE TRANSPORT ON THE DOMESTIC AND IMPORT SUB-SYSTEMS IN 2015 IST HALF +1.2% 2015 IST HALF /2014 IST HALF +16.3% 187.4 mRON ▲ 1.2% TOTAL TRANSPORT REVENUES -1.3% 156.9 mRON ▼ 1.3% 185.2 187.4 DOMESTIC TRANSPORT REVENUES 30.5 mRON ▲ 16.3% 159.0 156.9 IMPORT TRANSPORT REVENUES 83.7

  8. Slide 8: Revenues per Ton on Domestic and Import Sub-systems

    REVENUES INCURRED BY THE TRANSPORT ON THE DOMESTIC AND IMPORT SUB-SYSTEMS IN 2015 IST HALF 2015 IST HALF /2014 IST HALF -8.4% -10.5% 54.8 RON/ton ▼ 8.4% -0.7% TOTAL TRANSPORT REVENUES 79.8 79.2 79.2 RON/ton ▼ 0.7% DOMESTIC TRANSPORT REVENUES 59.9 21.2 RON/ton ▼10.5% 54.8 IMPORT TRANSPORT REVENUES 23

  9. Slide 9: Transport Profitability on Domestic and Import Subsystems

    TRANSPORT PROFITABILITY ON DOMESTIC AND IMPORT SUBSYSTEMS IN 2015 IST HALF DOMESTIC SUB-SYSTEM IMPORT SUB-SYSTEM 15.1% 15,1% 17.5% 19.8% 19.8% 8.8% 17,5% 8.8% 159.0 156.9 30.5 Transport revenues (mRON) 26.2 Transport revenues (mRON) Transport result (mRON) Operating margin 131.1 125.7 25,9 24,0 27,9

  10. Slide 10: Share of the Main Clients in Turnover

    SHARE OF THE MAIN CLIENTS IN TURNOVER 2015 IST HALF 186.2 188.5 2015 IST HALF /2014 IST HALF 84.2% ▲ 7.2% CAGR 79.5% 84.2% Share OMV Petrom in turnover 13.9% ▼ 29.1% RACC Share Petrotel Lukoil in turnover 19.9% 13.9% 0.1% 1.3% 2014 IST Half 2015 IST Half Dec 23, 2014 - CONPET signed the contract wi

  11. Slide 11: Financial Results 2015 Ist Half

    FINANCIAL RESULTS 2015 IST HALF PROFIT 2015 IST HALF PROFIT AND LOSS ACCOUNT / 2014 IST HALF IST HALF IST HALF VARIATION Indicators (mRON) 2015 2014 abs. % Total transported quantities (thousand tons) 3,417 3,093 +324 ▲10.4% EBITDA 62.6 mRON (▲10.4%) THE OPERATING ACTIVITY Operating revenues 203.2 1

  12. Slide 12: EBITDA Evolution

    EBITDA EVOLUTION 2014 IST HALF vs 2015 IST HALF +3.7 mRON 199.5 +2.3 +1.9 -0.5 203.2 OPERATING EXPENSES Operating ▲Sales ▲ Modernization ▼Other Operating Revenues Revenues Quota revenues Revenues 2014 Ist Half 2015 Ist Half 56.7 62.6 EBITDA +5.9 EBITDA 2014 Ist 2015 Ist -2.2 Half Half 142,9 -2.5 +5.

  13. Slide 13: Net Profit Achieved in 2015 Ist Half

    NET PROFIT ACHIEVED IN 2015 IST HALF mRON PER COMPONENTS DYNAMIC OF THE NET PROFIT FROM EBITDA TO NET PROFIT 2015 Ist Half / 2014 Ist Half 30.9 30,9 +4.2 2015 Ist Half 6.4 -6.4 +5.7 -0,3 -1.3 -1.3 -0.1 37.3 37,3 +5.7 +5,9 -0.1 35.1 30.9 30,9 32.7 4.6 +4.6 32,7 56.7 56,7 EBITDA EBIT Financial EBT Inc

  14. Slide 14: Key Financial Indicators - 2015 Ist Half

    KEY FINANCIAL INDICATORS - 2015 Ist HALF 2014 2015 Variation INDICATORS  As of 2014, in the Administration Plan have been set Ist Half Ist Half 2015/2014 out the performance indicators targeting: PERFORMANCE INDICATORS INCLUDED in the Administration Plan and  EBITDA increase by 2.5%; Management Pl

  15. Slide 15: Summary of the Cash Flow - 2015 Ist Half

    SUMMARY OF THE CASH FLOW - 2015 Ist Half 2014 2015 Variation in mRON except for per share data Ist Half Ist Half 2015/2014 Cash flow from operations (CFO) – direct method + Cash collections from services 205.4 197.9 ▼3.7%  CONPET is a profitable business generating + Other collections 0.6 3.3 ▲450%

  16. Slide 16: Recent Developments and Corporate Events

    RECENT DEVELOPMENTS AND CORPORATE EVENTS 12M share price performance (RON) vs. BET index (index rebased) 75 Performanţa within Performance acţiuniithe înlast ultimele 12 luni: 12 months: 70.000 CONPET: CONPET:+37.5% +37,5% 70 60.000 BET BET index:+8.1% index: +8,1% 65 50.000 60 40.000 55 30.000 50 2

  17. Slide 17: CONPET Activity

    CONPET ACTIVITY Company Overview Transport Network Overview  Operator of the national crude oil, rich gas and condensate  CONPET S.A. operates 3,800 km of pipelines with a total transport network; transport throughput of 27.5m t/year, the system being divided  Natural monopoly position on the Rom

  18. Slide 18: Summary of Financial Results 2015 Ist Half

    SUMMARY OF FINANCIAL RESULTS 2015 Ist HALF Variation 2014 2015 2015 Ist Half / 2014 in RONm, except for per share data st st I Half I Half Ist Half Sales revenues 186.2 188.5 ▲1.2% Other operating revenues 13.3 14.7 ▲10.5% out of which rev. from modernisation quota 12.3 14.2 ▲15.4% Total operating r

  19. Slide 19: Summary of the Financial Position 2015 Ist Half

    SUMMARY OF THE FINANCIAL POSITION 2015 Ist HALF 2014 2015 Variation in RONm, except for per share data Ist Half 2015 Ist Half / 2014 Assets Tangible assets 415.5 405.2 ▼2.5% Non-tangible assets 3.2 2.7 ▼15.6% Financial investments 0.5 0.5 Total fixed assets 419.2 408.4 ▼2.6% Inventories 7.7 7.9 ▲2.6

  20. Slide 20: The Nationwide Transport Network with International Expansion Potential

    The Nationwide Transport Network with International Expansion Potential 20

  21. Slide 21: Thank you for your kind attention!

    Thank you for your kind attention!

Conpet — H1 2015 Earnings Presentation on 6ix