Shell Pilipinas Corporation · PSE:SHLPH
Shell Pilipinas — Pilipinas Shell Petroleum — Q3 2017 Earnings Presentation
11 slides from Shell Pilipinas's earnings presentation, 2017
Slide 1: Q3 2017 Analysts and Investors Briefing
Q3 2017 Analysts and Investors Briefing Pilipinas Shell Petroleum Corporation
Slide 2: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES References in this presentation to “our Company” or the “Corporation” and to “PSPC” refer to SHLPH. The words “we”, “us” and “our” are used to refer to SHLPH or to those who work for SHLPH. This pres
Slide 3: Summary: Fueling progress for the Filipino
Summary Robust financial performance ▪ EBITDA adjusted for COSA: +11% y/y to PHP 9.9B Fueling ▪ Cash flow from operations reached PHP 7.9B Pursue profitable fuel progress for ▪ Strong Balance Sheet: gearing at 22% growth opportunities the Filipino Cutting-edge fuel technology and effective marketing
Slide 4: Net profit margin and net income
YTD 3Q17 NIAT 4.3% higher than YTD 3Q16 NIAT, rebounds from impact of planned refinery turnaround 3Q17 performance almost doubled 3Q16 earnings FY ROE 13.8% 22.9% YTD 3Q ROE 13.2% 22.1% 18.2% Planned refinery preventive Delivered maintenance shutdown strong 6.3% earnings Lower inventory holding gain
Slide 5: EBITDA adj. for COSA rose by 11% vs same period last year
Strong underlying performance: EBITDA adj. for COSA rose by 11% vs same period last year EBITDA Adjusted for COSA (PHPm) 11% 9,458 YTD 3Q17 result covers 98% of 9,889 our FY16 EBITDA 8,945 adj. COSA 2015 2016 YTD 3Q17 FY YTD 3Q Retail sales volume growth; Increase in premium fuel Retail volume
Slide 6: PSPC generates high CFFO and ROACE while maintaining low gearing
PSPC generates high CFFO and ROACE while maintaining low gearing CFFO generated more than sufficient to cover capital investments Gearing retained at 22% (PHP2.2B) and 2H16 dividends paid (PHP2.6B) 92% Borrowings & LTD Gearing Ratio (%) (PHPb) 10,065 9,978 37% 9,528 27% 23% 22% 22% 7,926 Cash Flow (
Slide 7: V-Power and NFR continues to drive the Retail business
V-Power and NFR continues to drive the Retail business Retail network volume increased by 4% from YTD 3Q16 to YTD 3Q17 despite V-Power >10% increase in pump prices 27% Premium Fuel New V-Power with DYNAFLEX Penetration technology launch in June 8 increased V-Power Diesel and Gasoline uptake by 16% a
Slide 8: Commercial business continuously recovers
Commercial business continuously recover, closed sales volume gap from 11% in 1Q17 y/y to 5% in YTD 3Q17 y/y Grew other segments to address demand decline in power sector Sales Volume (ML) 529 529 Commercial fuels sales volume at par with 3Q16’s 3Q16 3Q17 Note: Commercial volumes include commercial
Slide 9: Recovery from planned maintenance as refinery captured strong refining margins
Recovery from planned maintenance as refinery captured strong refining margins in Q3 Bitumen Refinery up and Production Facility running Construction on track Tank conversions ongoing Pilipinas Shell Petroleum Corporation 9
Slide 10: Update on our key strategies
Update on our key strategies North Mindanao Import Facility Growth in Premium Fuel Non-Fuel Penetration Retail and Network Business Expansion Aviation Supply Points Expansion Bitumen Production Pilipinas Shell Petroleum Corporation 10
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Pilipinas Shell Petroleum — Q3 2017 Earnings Presentation on 6ix