China Aviation Oil (singapore) Corporation Ltd · SGX:G92
China Aviation Oil (singapore) — H1 2018 Earnings Presentation
18 slides from China Aviation Oil (singapore)'s earnings presentation, Aug 3, 2018
Slide 1: 1H 2018 Results Presentation
1H 2018 Results Presentation 3 August 2018 2018年上半年业绩介绍 2018年8月3日 1
Slide 2: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements 关于预测表述的声明 This presentation slides may contain forward-looking statements that involve risks and uncertainties. These statements reflect management’s current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in t
Slide 3: Overview
@ China Aviation Oil AL aN (RAT 28] Overview A Singapore-listed company and a member of the Global Trader Programme Sh LAA). “ERASE LA
Slide 4: Expanding Global Presence – A Diversified and International Growth Platform
Expanding Global Presence – A Diversified and International Growth Platform Listed on SGX since 2001– a constituent stock of the MSCI Singapore Small Cap Index, FTSE ST China Index and FTSE ST Small Cap Index Key supplier of imported jet fuel to the PRC Civil Aviation industry Largest purchase
Slide 5: 1H 2018 Financial Results
@ China Aviation Oil AL aN (RAT 28] 1H 2018 Financial Results A Singapore-listed company and a member of the Global Trader Programme Sh LAA). “ERASE LA
Slide 6: 1H 2018 Highlights
1H 2018 Highlights Despite continuing challenges in the oil markets and major uncertainties in global economic and geopolitical outlook, the Group delivered a strong 1H 2018 performance, supported by robust global demand for transportation fuels. Acquisition of Navires Aviation Limited (now rena
Slide 7: 1H 2018 Profit & Loss Summary
1H 2018 Profit & Loss Summary 1H 2018 : US$9,902.39m 1H 2017 : US$6,983.82m +41.79% Revenue Mainly due to the increase in oil prices and total supply and trading volume 1H 2018 : US$29.59m 1H 2017 : US$26.03m +13.66% Gross Profit Higher gains derived from jet fuel supply and trading and optimisation
Slide 8: Balance Sheet Summary
Balance Sheet Summary 30 Jun 2018: US127.56m 31 Dec 2017 : US$209.61m -39.14% Inventories Decrease in trading inventories held in a backwardation market 30 Jun 2018: US$1,537.54m 31 Dec 2017: US$1,066.26m Trade and +44.20% Other Attributable to higher revenue driven by higher oil prices and total su
Slide 9: Revenue Growth in Tandem with Volume Increase
Revenue Growth in Tandem with Volume Increase Global transportation fuels demand remains firm, with the Group’s revenue up 41.79% to US$9.90 billion in 1H 2018, supported by higher oil prices and an increase in total supply and trading volume. Jet fuel prices averaged MOPS US$87.35 per barrel fo
Slide 10: Core Jet Fuel Supply & Trading Business Remains Strong
Core Jet Fuel Supply & Trading Business Remains Strong Despite continued buoyant global air travel demand, core jet fuel supply and trading volume was 6.74 million tonnes for 1H 2018 on lower trading optimisation activities in a backwardation market, partially offset by a 25.30% increase in the su
Slide 11: Steady Growth in Other Oil Products Business
Steady Growth in Other Oil Products Business Supply and trading volume of other oil products surged 42.58% to 8.74 million tonnes in 1H 2018, underpinned by positive market fundamentals: Fuel Oil supply and trading volume was up 16.1% versus prior year with healthy demand growth in Chinese and M
Slide 12: CAO's International Revenue Base
CAO’s International Revenue Base FY2010 1H 2018 Other Regions Australia Other Regions Singapore 6% Malaysia 10.5% 1.6% 9% 2.4% Europe 2.6% South Korea 5% Middle East 4.8% China 58.9% US$5.50 Singapore US$9.90 billion 9.4% billion Indonesia 1.2% Hong Kong SAR 2.6% China USA 80% 4.6% South Korea 1.4%
Slide 13: Sustainable Income Streams from Associates
Sustainable Income Streams from Associates Strategic oil-related investments continued to yield healthy recurring incomes: Share of profits from SPIA increased 19.05% to US$34.57 million for 1H2018, attributable to higher gross profit from higher refuelling volumes; Share of profits from OKYC
Slide 14: Sustained Growth Performance
Sustained Growth Performance Net Profit rose 14.15% to US$56.21 million, boosted mainly by higher share of profits from associates and in gross profits. Gross Profit rose 13.66% to US$29.59 million, mainly due to higher gains derived from trading and optimisation activities. 14
Slide 15: Acquisition of Navires Aviation Limited (CAFEU)
Acquisition of Navires Aviation Limited (CAFEU) Acquisition of wholly owned subsidiary, Navires Aviation Limited (now renamed China Aviation Fuel (Europe) Limited – “CAFEU”), which has an established comprehensive jet fuel supply system and critical supply chain contracts in Europe. Amsterdam Indepe
Slide 16: Outlook & Priorities
Outlook & Priorities Significant uncertainties in the macroeconomic and geopolitical environments remains, with potential disruptions including volatile oil markets, increasing trade protectionism and geopolitical tensions. Nonetheless, the Group remains focused to fortify its transportation fuels
Slide 17: Vision
Vision To be a constantly innovating global top-tier integrated transportation fuels provider CAO is a constituent stock of the MSCI Singapore Small Cap Index, FTSE ST China Index and FTSE ST Small Cap Index since June 2017. 17
Slide 18: Thank You
China Aviation Oil (Singapore) Corporation Ltd HBA (STR) ARG ATER A) Thank You A Singapore-listed company and a member of the Global Trader Programme rarmess 36 EF rato sie HOLM SRE SAA LA
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