Borouge Plc · ADX:BOROUGE
Borouge — Q2 2025 Earnings Presentation
18 slides from Borouge's earnings presentation, Jul 31, 2025
Slide 1: Q2 and H1 2025 Results Presentation
Borouge Plc Q2 and H1 2025 Results Presentation 31st July 2025
Slide 2: Disclaimer
Borouge Classification: Public Disclaimer This presentation has been prepared by Borouge PLC and its subsidiaries (the “Company”) based on publicly available information and non-public information to assist you in making a preliminary analysis of the content referenced herein solely for informationa
Slide 3: Agenda and Presenters
Agenda and Presenters Agenda Q2 and H1 2025 Results Highlights Market Update and Commercial Highlights Operational Highlights Financial Highlights Hazeem Sultan Roland Dr. Hasan Jan-Martin Al Suwaidi Janssen Karam Nufer Outlook and Concluding Remarks Chief Executive Chief Marketing Chief Operating C
Slide 4: Q2 and H1 2025 Results Highlights
Q2 and H1 2025 Results Highlights Hazeem Sultan Al Suwaidi Chief Executive Officer
Slide 5: Q2 and H1 2025 Results Summary
Borouge Classification: Public Q2 and H1 2025 Results Summary B3 turnaround completed successfully ahead of schedule reinforcing asset reliability and efficiency H1 2025 Net profit $474 million (-18%, YoY) Q2 Net Profit Q2 Sales Volumes Q2 Adj. EBITDA(1) Q2 Adj. Operating FCF (2) $193 million 1,137
Slide 6: Market Update and Commercial Highlights
Market Update and Commercial Highlights Roland Janssen Chief Marketing Officer
Slide 7: Polyolefins Prices & Premia
Borouge Classification: Public POLYOLEFINS PRICES & PREMIA Q2 25 premia for Polyethylene and Polypropylene above medium-term guidance Commentary 1,117 1,113 ▪ Borouge’s overall polyolefin selling prices in 1,062 1,080 1,079 1,081 1,057 1,038 1,050 Q2 declined QoQ due to weakness in 908 915 908 890 9
Slide 8: Commercial Performance
Borouge Classification: Public COMMERCIAL PERFORMANCE Volume performance balanced against strategic product mix and margin discipline Commentary Year-on-Year Quarter-on-Quarter 1,441 1,365 Polyethylene 752 625 740 625 Sales Volume (kt) -5% -17% -16% ▪ Sales volume of 1,137 kt in Q2 2025, down -13% Y
Slide 9: Innovation Update
Borouge Classification: Public INNOVATION UPDATE Strong pipeline of innovative solutions driving commercial excellence Recent Product Launch Upcoming Innovation Driving High-Performance Next Generation Sustainable Pushing the Boundaries of PP Building Portfolio of Healthcare Infrastructure Solutions
Slide 10: Operational Highlights
Operational Highlights Dr. Hasan Karam Chief Operating Officer
Slide 11: Operational Highlights
Borouge Classification: Public OPERATIONAL HIGHLIGHTS Robust operational performance while delivering a successful B3 turnaround Commentary Year-on-Year Quarter-on-Quarter 110% 114% 101% 90% 78% 78% ▪ Planned B3 turnaround successfully Polyethylene concluded in shorter than expected Utilisation time
Slide 12: Financial Highlights
Financial Highlights Jan-Martin Nufer Chief Financial Officer
Slide 13: Revenue & Profitability
Borouge Classification: Public REVENUE & PROFITABILITY Key Metrics Commentary (3) Polyethelene 19 28 Polypropylene Ethylene & others 1,088 1,084 Revenue 9 13 14 -3% -13% -8% 13 ($m) 606 538 546 538 1,698 1,613 888 755 859 755 ▪ Resilient Q2 performance supported by H1 24 H1 25 Q2 24 Q2 25 Q1 25 Q2 2
Slide 14: Costs
Borouge Classification: Public COSTS Key Metrics Commentary % of Revenue 48% 53% 49% 56% 50% 56% 1,334 1,441 +2% -2% Cost of Sales 739 728 728 712 (excl D&A) +8% ($m) ▪ In Q2, the total cost base (excl. D&A) H1 24 H1 25 Q2 24 Q2 25 Q1 25 Q2 25 remained within a narrow band YoY and QoQ % of Revenue 7
Slide 15: Capex & Free Cash Flow
Borouge Classification: Public CAPEX & FREE CASH FLOW Key Metrics Commentary 170 130 130 Capital Expenditure ($m) 48 +256% +296% 41 +218% 33 ▪ CAPEX in Q2 of $130m and $170m for H1 25 H1 24 H1 25 Q2 24 Q2 25 Q1 25 Q2 25 ▪ Consistently high cash conversion rates recorded in H1 25 of 83% % Cash Conver
Slide 16: Outlook & Concluding Remarks
Outlook & Concluding Remarks Hazeem Sultan Al Suwaidi Chief Executive Officer
Slide 17: Outlook & Guidance
Borouge Classification: Public OUTLOOK & GUIDANCE Market Prices Volumes Costs ▪ Stable macro-economic ▪ H2 2025 sales volumes and ▪ Borouge 3 plant back online ▪ Ongoing cost efficiencies environment in Borouge pricing are expected to after a successful and optimisation to core markets in H2 25 rema
Slide 18: Q&A Session
Borouge Q&A Session