China Petroleum & Chemical Corporation Class A · SSE:600028

China Petroleum & Chemical Corporation Class A — Q3 2021 Earnings Presentation

16 slides from China Petroleum & Chemical Corporation Class A's earnings presentation, Oct 29, 2021

  1. Slide 1: 3Q 2021 Results Announcement

    China Petroleum & Chemical Corporation 3Q 2021 Results Announcement Oct 29 2021 SINOPEC CORP.

  2. Slide 2: Cautionary Statement

    Cautionary Statement Financial data of the first quarter contained in the presentation and presentation materials are unaudited. This presentation and the presentation materials distributed herein include forward-looking statements. All statements, other than statements of historical facts, that add

  3. Slide 3: Market Environment in 3Q 2021

    Market Environment in 3Q 2021  Global economy recovered gradually  China’s economy kept a sustainable and steady recovery  GDP up by 9.8% YoY  International oil prices fluctuated with an upward trend  Domestic Demand for petroleum and petrochemicals kept growing International Crude Oil Prices M

  4. Slide 4: Achieved Good Performance

    Achieved Good Performance Profit Attributable to Shareholders of YoY the Company RMB million 1-9’19 1-9’20 1-9’21 Change % RMB million 60,755 Revenue 2,233,305 1,552,536 2,003,350 29.0 44,226 EBIT 77,216 45,567 102,035 123.9 24,445 Profit Attributable to Shareholders 44,226 24,445 60,755 148.5 of th

  5. Slide 5: Solid Financial Position

    Solid Financial Position RMB million As of Dec. 31, 2020 As of Sep. 30, 2021 Total Assets 1,734,445 1,887,282 Short-term Interest-bearing Debt 29,033 68,612 Long-term Interest-bearing Debt 83,815 89,467 Total Equity Attributable to 741,916 768,412 Shareholders of the Company Liability-to-Asset Ratio

  6. Slide 6: Strong Cash Flow

    Strong Cash Flow RMB million 1-9’19 1-9’20 1-9’21 YoY Change % Net Cash Generated from 81,398 84,230 115,723 37.4 Operating Activities Net Cash Generated from/ (Used in) (70,752) (103,572) (99,831) - Investing Activities Net Cash Generated from/ (Used in) (34,031) 46,644 (12,448) - Financing Activit

  7. Slide 7: Upstream – Promote High-Quality Exploration and Profit-Oriented Development

    Upstream – Promote High-Quality Exploration and Profit-Oriented Development  Achieved new discoveries in key basins  Achieved major breakthroughs in continental facies shale oil exploration  Enhanced the effort in capacity building and output of major natural gas and crude oil projects  Natural

  8. Slide 8: Upstream – Significant Improvement in Profitability

    Upstream – Significant Improvement in Profitability Realised Price of Crude Oil Lifting cost USD/bbl USD/bbl 16.5 16.2 15.1 58.8 60.9 38.2 1-9’19 1-9’20 1-9’21 1-9’19 1-9’20 1-9’21 Realised Price of Natural Gas E&P EBIT 勘探及开发板块息税前利润 RMB Million USD/thousand cubic feet 单位：人民币百万元 10,904 10,971 6.74 6.

  9. Slide 9: Refining – Strengthened Structural Adjustment

    Refining – Strengthened Structural Adjustment  Maintained high utilization rate and refining throughput increased significantly  Dynamically adjusted crude oil procurement to reduce cost  Increased light chemical feedstock production and lowered oil products yield and diesel-gasoline ratio  Incr

  10. Slide 10: Refining – Strong Rebound in Earnings

    Refining – Strong Rebound in Earnings Refining Margin EBIT of Refining USD/bbl RMB million 11.79 54,268 7.04 3.39 1-9’19 1-9’20 1-9’21 Cash Operating Cost 21,733 USD/bbl 3.96 3.34 3.47 (1,868) 1-9’19 1-9’20 1-9’21 1-9’19 1-9’20 1-9’21 SINOPEC CORP. 10

  11. Slide 11: Marketing – Rapid Recovery in Domestic Sales of Refined Oil Products

    Marketing – Rapid Recovery in Domestic Sales of Refined Oil Products  Leveraged integrated advantage to expand market  Vigorously implemented differentiated marketing to continuously improve the quality of services  Accelerated the construction of integrated energy stations mm tonnes 1-9’19 1-9’2

  12. Slide 12: Marketing – Profitability Maintained at High Level

    Marketing – Profitability Maintained at High Level Marketing Cash Operating Cost EBIT of Marketing RMB/tonne 174.16 174.28 178.55 RMB million 27,221 * 25,645 24,316 1-9’19 1-9’20 1-9’21 Profit of Non-fuel Business RMB million 3,353 3,026 2,680 1-9’19 1-9’20 1-9’21 * Including the value accretion of

  13. Slide 13: Chemicals – Adhere to “Basic + High-end” Development Strategy

    Chemicals – Adhere to “Basic + High-end” Development Strategy  Optimized feedstock mix to further reduce costs  Optimized facilities operation and maintenance schedule to raise the utilization of profitable facilities  Optimized product slate to increase the proportion of high value-added product

  14. Slide 14: Chemicals – Realised High Profitability

    Chemicals – Realised High Profitability Chemical Products Price Index EBIT of Chemicals 250 (CPPI) 200 RMB million 150 23,064 100 50 19,799 0 Jan-19 Jan-20 Jan-21 Index Spread CPPI Naphtha Price Index Chemical All-in Cost RMB/tonne 1,398 7,024 1,246 1,265 1-9’19 1-9’20 1-9’21 1-9’19 1-9’20 1-9’21 SI

  15. Slide 15: Capital Expenditure

    Capital Expenditure  Capital expenditure in the first quarter was RMB 89.7 billion  E&P: RMB 38.6 Bn  Oil & Gas capacity building and storage & 1.0% transportation facilities construction 33.1% 43.0%  Refining: RMB 10.6 Bn  Construction of Zhenhai and Anqing refining structural upgrading projec

  16. Slide 16: Contact Information

    Contact Information Investor relations Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 Email: ir@sinopec.com Hong Kong: Tel: (852) 28242638 Fax: (852) 28243669 Email: ir@sinopechk.com Houston: Tel: (832) 834 2431 Fax: (713) 544 8878 Email: alpinewu@sinopec.com www.sinopec.com

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