PT Chandra Asri Pacific Tbk · IDX:TPIA

PT Chandra Asri Pacific Tbk — PT Chandra Asri Petrochemical — Q1 2021 Earnings Presentation

19 slides from PT Chandra Asri Pacific Tbk's earnings presentation, May 4, 2021

  1. Slide 1: Q1 2021 Results

    Photos: Collective Initiatives to support Circular Economy PT Chandra Asri Petrochemical Tbk Q1 2021 Results Earnings Call – 4th May 2021 Presentation to Analysts and Investors 21 1

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements IMPORTANT NOTICE: This document contains forward-looking statements concerning the financial condition, results of operations and business of PT Chandra Asri Petrochemical Tbk. All statements other than statements of historical fact are, or may be deemed to be, forward-loo

  3. Slide 3: Contents

    CONTENTS 1 Summary Highlights 2 Performance Overview 3 Strategy & Growth 4 Questions & Answers 3 Night View of New 128KTA MTBE & 43 KTA Butene-1 Plant

  4. Slide 4: Management Overview Q1 2021

    Management Overview Q1 2021 ❖ Strong Start Product spreads remain firm as demand improves, driven by strong regional and Indonesian growth and the ongoing vaccine programs. US$147m EBITDA / US$85m Net Income in 3-months of Q1 2021 (vs –US$14m EBITDA / –US$17m Net Income in Q1 2020). ❖ Solid Executio

  5. Slide 5: Financial Highlights

    Financial Highlights US$mln Q1 2020 Q1 2021 unless otherwise stated Revenue $477m $598m EBITDA -$14m $147m Net Income -$17m $85m Cash and Cash Equivalents $624m $767m EBITDA Margin (%) -3% 25% Net Debt-to-EBITDA (times) (rolling 12 months) 2.6x 0.2x Total Debt $885m $825m 13 5

  6. Slide 6: Market Product Prices

    Market Product Prices Firm Spreads with Regional and Local Economic Rebound (all figures in US$/T) OLEFINS POLYOLEFINS OTHERS 1,600 1,600 1,600 1,413 1,400 1,400 1,400 1,162 1096 1,200 1,200 1,200 1,020 1155 986 988 1,187 1,000 1,000 1,000 883 894 840 1,009 950 794 782 958 950 888 939 800 800 800 67

  7. Slide 7: Production and Sales

    Production and Sales Higher Output with Capacity Growth (all figures in KT) Ethylene (1) Polyethylene Plant Polypropylene Plant Styrene Monomer Plant Prod Sales Prod Sales Prod Sales Prod Sales 210 209 154 163 166 167 148 148 137 135 72 72 69 73 34 25 YTD Q1-20 YTD Q1-21 YTD Q1-20 YTD Q1-21 YTD Q1-2

  8. Slide 8: Operating Rates

    Operating Rates Resilient Productivity with Safe and Stable Operations (all figures in %) Naphtha Cracker Polyethylene Plant Polypropylene Plant Styrene Monomer Plant 101% 85% 82% 94% 94% 94% 92% 84% YTD Q1-20 YTD Q1-21 YTD Q1-20 YTD Q1-21 YTD Q1-20 YTD Q1-21 YTD Q1-20 YTD Q1-21 Butadiene Plant MTBE

  9. Slide 9: Impactful Sustainability

    Impactful Sustainability Chandra Asri awarded 3 Awards at “TOP CSR Awards 2021”, supporting ESG journey • “Top CSR Awards 2021 ‘4-Stars’” • “Top Leader on CSR Commitment 2021” : President Director of Chandra Asri, Erwin Ciputra • “Innovation of Plastic Waste Technology” 9

  10. Slide 10: Progressive Delivery of Our Strategy

    Progressive Delivery of Our Strategy Key Milestones Next Horizon Complete CAP 1 Expand Polymer Grow new High-Value Integration Master Plan Customer Base and Added (HVA) Grades to optimize value chain channel for New PE with strong R&D focus integration Capacity Launch Sustainability Implement Digita

  11. Slide 11: Revenues

    Revenues Stronger Product Prices with Larger Polymer Share Underwrites Better Performance Net Revenues (US$mln) Net Revenues Split (%) MTBE/B1 Tanks & Jetty $598m Butadiene 2% Rental +25% 0% Olefin 1 6% 12% 42 $477m 72 Styrene 1 Monomer 41 13% 64 Q1 2021 399 296 75 72 Polyolefin 67% Q1 2020 Q1 2021

  12. Slide 12: Cost Reduction with SPEED

    Cost Reduction with SPEED >US$25mln/year Structural Cost Reduction and >US$100m Working Capital Released Scale Process ESG E2E CNP Digital T. • Conversion Costs • Staff Localisation • Utility Cost and • Focus on End-to- • 3D Digital Twin Integration Value with Knowledge Emissions End (E2E) Zero and

  13. Slide 13: EBITDA Trajectory

    EBITDA Trajectory Strong Results via Improving Spreads & Realisation of Financial Resilience Strategy Quarterly EBITDA (US$mln) $147 $121 $61 $18 ($14) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 EBITDA margin -3% 5% 14% 23% 25% EBITDA = Earnings Before Interest, Tax, Depreciation, Amortization, Unreali

  14. Slide 14: Key Balance Sheet Highlights

    Key Balance Sheet Highlights Strong Liquidity and Balance Sheet, with Competitive and Diverse Financing Sources Debt to Capital Employed (%) Financing Sources (%) As of 31 March 2021 Max 50% 32% 30% Bank Loans USD Bond 29% 33% FY 2020 YTD Q1-21 IDR Bond Total Liquidity Pool (US$mln) 38% Marketable S

  15. Slide 15: Development of Sustainability-Linked Financing

    Development of Sustainability-Linked Financing Hana Bank Partners with Chandra Asri to Close Market-Leading and Innovative Green Loan ❖ Green Loan channeled to refinance completed Projects with positive and direct Environmental, Social and Governance (ESG) impacts. ❖ Efforts are in accordance with I

  16. Slide 16: Capex 2021

    Capex 2021 Baseline Capex Spend split across Growth, Margin Improvement and Asset Integrity (in US$ mln) $65.5m 25 Growth Projects (inc. CAP2) Margin Improvement 15 Asset Integrity 25 $4.5m 2 1 2 EGF capable of burning 220 tons of hydrocarbons per hour Budget 2021 YTD Q1-21 16

  17. Slide 17: Projects and Growth Update

    Projects and Growth Update Completion of CAP 1 Integration Master Plan in 2020. Onward to CAP 2. Cracker Merger with SSBR New PE, Expansion TPI and BD Plant Cracker operation, PP expansion, MTBE and and CAP2 Increase PE Operation Expansion BD Furnace Butene-1 Acquisition Capacity expansion revamp of

  18. Slide 18: CAP 2 Progress

    CAP 2 Progress Continuous Progress and Significantly De-Risked with Achievement of Key Milestones Night View of Fully-Operational 400KTA PE Plant ❖ Landbank achieved for plot plan ❖ Tax Holiday for 20+2 years obtained ❖ Environmental Permit approved ❖ Licenses and technology selected ❖ Clear financi

  19. Slide 19: For more information please contact

    For more information please contact: Head Office Address: Contact: PT Chandra Asri Petrochemical Tbk Investor Relations Wisma Barito Pacific Tower A, 7th Floor Email: investor-relations@capcx.com Jl. Let. Jend. S. Parman Kav. 62-63 Tel: +62 21 530 7950 Jakarta 11410 Fax: +62 21 530 8930 Visit our we

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