Slide 1: Q4 / FY 2024 Results Presentation
Borouge Q4 / FY 2024 Results Presentation 4th February 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 Q4 / FY 2024 Results Market Update Operational Highlights Financial Highlights Outlook Hazeem Sultan Rainer Dr. Hasan Jan-Martin Al Suwaidi Hoefling Karam Nufer Chief Executive Chief Marketing Chief Operating Chief Financial Concluding Remarks Officer Officer Officer Off
Slide 4: Exceptional Q4 / FY 2024 Net Profit Beating Market Estimates
Borouge Classification: Public Exceptional Q4 / FY 2024 2024 Net Profit Beating Market Estimates Driven by record production volumes and highest-ever sales volumes FY 2024 Net profit $1,239 million (+24%, YoY) Q4 Net Profit Q4 Sales Volumes Q4 Adj. EBITDA(1) Q4 Adj. Operating FCF (2) $331 million 1,
Slide 5: Polyolefins Prices & Premia
Borouge Classification: Public POLYOLEFINS PRICES & PREMIA Product Prices and Premia Evolution Commentary 1,129 1,077 1,047 1,025 1,095 1,093 1,059 1,053 1,016 991 914 898 890 895 881 891 897 880 893 885 Benchmark ▪ Polyolefin prices softened in Q4 due to Prices vs Avg. seasonal year-end destocking
Slide 6: Commercial Performance
Borouge Classification: Public COMMERCIAL PERFORMANCE Sales Volumes Commentary 3,072 2,715 Polyethylene Sales Volume 751 823 809 823 +13% (kt) +10% +2% ▪ Highest-ever annual sales volume of 5,336 kt in FY 23 FY 24 Q4 23 Q4 24 Q3 24 Q4 24 FY24 (+4% vs FY23) and highest quarterly sales volumes of 1,46
Slide 7: Operational Highlights
Borouge Classification: Public OPERATIONAL HIGHLIGHTS Asset Utilisation % Utilisation rate Rates Commentary 110% 112% 113% 113% 101% 106% ▪ Record annual production volumes in FY24 of Polyethylene 5.2mt (+5% vs FY23) Utilisation Rates (%) ▪ One of the highest-ever quarterly production volumes in Q4
Slide 8: Revenue & Profitability
Borouge Classification: Public REVENUE & PROFITABILITY Key Metrics Commentary (3) Polyethelene Polypropylene 113 47 Ethylene & others Revenue 2,402 2,421 +4% +8% +1% ▪ Outstanding Q4 performance supported by ($m) 19 13 15 13 record high production, highest sales volume 3,276 3,559 620 676 657 676 an
Slide 9: Costs
Borouge Classification: Public COSTS Key Metrics Commentary % of Revenue 53% 49% 50% 52% 49% 52% 3,062 2,947 +11% +7% Cost of Sales (excl D&A) -4% 755 837 779 837 ($m) ▪ In Q4 total cost base (excl. D&A) remained FY 23 FY 24 Q4 23 Q4 24 Q3 24 Q4 24 within a narrow band YoY and QoQ % of Revenue 7% 8%
Slide 10: CAPEX & Free Cash Flow
Borouge Classification: Public CAPEX & FREE CASH FLOW Key Metrics Commentary 199 167 +5% +88% ▪ CAPEX in Q4 of $78m and $167m for FY24 Capital Expenditure 74 78 78 ($m) -16% ▪ Q4 adjusted operating free cashflow of $572m 41 up +9% YoY and -5% QoQ FY 23 FY 24 Q4 23 Q4 24 Q3 24 Q4 24 ▪ The company gen
Slide 11: Innovation and Sustainability Updates
Borouge Classification: Public Innovation and Sustainability Updates Strong year for innovation and sustainability with several product grades launched and sustainability index inclusion We continue to innovate to address societal and Innovation environmental needs 9 new products launched in Energy
Slide 12: Outlook / Guidance
Borouge Classification: Public OUTLOOK / GUIDANCE Market Prices Volumes Costs ▪ Stable macro-economic ▪ Q1 2025 sales volumes and ▪ Planned maintenance ▪ Ongoing cost efficiencies environment in Borouge pricing are expected to be turnaround of Borouge 3 and optimization to core markets in the first
Slide 13: Q&A Session
an py Borouge Q&A Session
Slide 14: Appendix
an py Borouge Appendix
Slide 15: Accelerated Growth & Value Creation
Borouge Classification: Borouge PublicInternal Classification: Accelerated Growth & Value Creation Growth strategy builds on foundational strengths Strengthen The Core Growth & International Future Proof Expansion Optimising asset utilisation Capacity & technology expansions Develop circular solutio
Slide 16: Delivering on IPO Promises
Borouge Classification: Public Delivering on IPO Promises Committed To Creating Long-term Sustainable Value For Our Shareholders 01 02 03 04 05 Global leader in World’s largest Robust financial Strategically and Delivering strong premium polyolefin single-site performance, financially well- sharehol
Slide 17: Shareholder Structure
Borouge Classification: Public SHAREHOLDER STRUCTURE 54% 36% A leading integrated O&G company, entrusted to A leading provider of advanced and manage the world’s 6th largest proven oil and 7th largest circular polyolefin solutions globally gas reserves Free Float: 10 Percent 17 Q4 2024 Earnings Pres