Engro Polymer & Chemicals Limited · PSX:EPCL
Engro Polymer & Chemicals — Q2 2019 Earnings Presentation
8 slides from Engro Polymer & Chemicals's earnings presentation, 2019
Slide 1: Analyst Briefing Q2 2019
engro polymers cnemioals Arnal Report 1018 ANALYST BRIEFING Q2,.2019
Slide 2: International Business Context
International Business Context • International PVC Price USD/Ton Q1 Q2 Q3 Q4 – In Q2PVC prices posted an 1,200 uptick on account of lower 1,000 product availability in the region 800 and strong demand post 600 election close in major countries January March September October November April May Decem
Slide 3: Ethylene, Crude oil and PVC
Ethylene, Crude oil and PVC • Analysis of ethylene and crude oil prices USD/Ton USD/bbl – Oil & ethylene prices coupled 1,400 80 in Q2’19 on account of high 1,200 supply. With macroeconomic 1,000 55 indicators depicting low oil 800 demand, in the quarter, oil 600 30 prices softened towards the Jun-1
Slide 4: Domestic Market Overview
Domestic Market Overview PVC Caustic – PVC domestic market remained – Caustic soda remained stable in slower against LY on account of Q1’2019 slowness in macroeconomic – Slowness in the textile sector, demand simulation with PKR the major consumer of caustic devaluation & weakness in soda, is likely
Slide 5: Business Highlights
Business Highlights Chlor Alkali (KT) Q2 2019 Q2 2018 1H 2019 1H 2018 Caustic Production 26 23 52 51 Caustic Domestic 20 21 41 44 Vinyl (KT) Q2 2019 Q2 2018 1H 2019 1H 2018 PVC production 45 49 94 102 PVC Domestic Sales 48 49 98 103 5
Slide 6: Financial Summary
Financial Summary Rs. Mn Q2 2019 Q2 2018 1H 2019 1H 2018 Total Revenue 9,257 8,414 18,600 17,102 Profit Before Tax 554 1,370 2,073 3,403 Profit After Tax 452 1,336 1,544 2,784 Profit After Tax (Pre one-time adjustments) 814 794 1,906 1,993 EPS (PKR/ share) 0.50 1.91 1.70 3.98 • In Q1 2019, Company a
Slide 7: Outlook for 3Q '19
Outlook for 3Q ‘19 • The Vinyl chain segment will continue to remain a function of PVC/Ethylene international dynamics • Caustic Soda market may experience some pressure going forward • The Company is on track to execute the projects and is hopeful to achieve completion within timelines 7
Slide 8: Thank You
engro polymer & chemicals Thank You
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