China Petroleum & Chemical Corporation Class A · SSE:600028
China Petroleum & Chemical Corporation Class A — Q3 2002 Earnings Presentation
19 slides from China Petroleum & Chemical Corporation Class A's earnings presentation, Oct 31, 2002
Slide 1: 2002 Third Quarter Results Announcement
China Petroleum & Chemical Corporation 2002 Third Quarter Results Announcement October 31, 2002 1
Slide 2: Disclaimer
Disclaimer Sinopec Corp’s third quarter financial accounts of 2002 are prepared in accordance with the PRC Accounting Rules and Regulations as required by the PRC CSRC. Certain financial data included in this presentation and the presentation materials have been adjusted in accordance with the Inter
Slide 3: Agenda
Agenda • Review of 2002 Q1–Q3 Operations • Market Outlook and Q4 Production Plan 3
Slide 4: Review of 2002 Q1–Q3 Operations
Review of 2002 Q1–Q3 Operations 4
Slide 5: Market Environment in 2002 Q1–Q3
Market Environment in 2002 Q1–Q3 ¾ GDP Growth 7.9% ¾ Crude oil price remained high since March ¾ Refined oil product price recovered and market environment is significantly improved since March ¾ Chemical product price began to rebound but recovery was weak 5
Slide 6: Operating Performance – Grow Volume
Operating Performance – Grow Volume Jan-Sept Jan-Sept Q1 02 Q2 02 Q3 02 2002 2001 65.91 66.56 69.35 Crude Oil Production (MM bbls) 201.78 201.3 41.8 46.0 44.1 Natural Gas Production (bcf) 131.88 120.9 1,955.1 2,180.7 2,080.4 Crude Oil Processed (1,000bpd） 2,072.5 2,056.1 74.5 82.9 79.3 Refining Util
Slide 7: Operating Performance – Financial Highlights
Operating Performance – Financial Highlights Jan-Sept Jan-Sept Q1 02 Q2 02 Q3 02 (RMB Bn) 2002 2001 66.00 80.19 91.96 Revenue 238.15 242.01 7.52 14.54 13.96 EBITDA 36.02 33.92 1.61 9.09 8.52 EBIT 19.22 17.73 0.54 4.89 4.66 Net Profit 10.09 10.38 0.006 0.057 0.054 EPS (RMB) 0.12 0.12 7
Slide 8: E&P
E&P Q1 02 Q2 02 Q3 02 Jan-Sept Jan-Sept 2002 2001 65.91 66.56 69.35 Crude Oil Production (MM bbls) 201.78 201.3 41.8 46.0 44.1 Natural Gas Production (bcf) 131.88 120.9 17.2 22.6 23.6 Crude Oil Realized Price (USD/bbl) 21.2 24.6 2.00 1.99 1.90 Natural Gas Realized Price (USD/mcf) 1.96 1.94 8
Slide 9: E&P - Segment Performance
E & P - Segment Performance Crude Oil and Natural Gas E&P Segment EBIT Realized Price (RMB MM) Crude Oil Price Natural Gas Price (US$ / bbl) (USD / M cf) 10,677 8,000 27 2.50 23.6 6,000 24 22.6 2.30 4,580 4,067 21.2 2.00 2.10 4,000 21 1.90 2,030 17.2 1.99 2,000 18 1.96 1.90 1.70 0 15 1.50 Jan-Sept.
Slide 10: Refining
Refining Jan-Sept Jan-Sept Q1 02 Q2 02 Q3 02 2002 2001 23,940 26,920 26,040 Crude Oil Processed (MT) 76,980 76,370 4,245 5,002 5,039 Gasoline Production (MT) 14,294 14,289 8,829 9,941 9,221 Diesel Production (MT) 27,986 28,208 3,600 4,020 3,717 Light Oil Production (MT) 11,337 9,474 1,030 1,292 1,29
Slide 11: Refining – Segment Performance
Refining – Segment Performance Refining Margins / Cash Operating Cost Refining Segment EBIT (USD / bbl) (RMB MM) 5.00 2.10 3,416 3,000 4.00 3.55 3.72 3.69 2.08 2,500 2,001 3.21 1,827 2,000 3.00 2.06 1,500 1,000 2.00 2.04 500 1.00 2.03 2.02 0 2.03 2.03 2.02 -500 -1,000 -412 0.00 2.00 Jan-Sept Q1 02 Q
Slide 12: Marketing
Marketing Q3 02 Jan-Sep Jan-Sep Q1 02 Q2 02 2002 2001 17,340 16,730 18,044 Domestic Sale of Refined Oil 52,110 51,060 Product (MT) 7,940 8,920 8,859 Retail (MT) 25,720 22,030 3,380 2,800 3,398 Distribution (MT) 9,580 8,720 6,010 5,010 5,787 Wholesale (MT) 16,820 20,300 28,291 27,489 27,798 Total Num
Slide 13: Marketing – Segment Performance
Marketing – Segment Performance Diesel #0 Retail Guidance Gasoline #90 Retail Guidance Price (RMB/T) 3500 4000 Price (RMB/T) 3000 3500 3000 2500 2500 2000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Y2001 Y2002 Y2001 Y2002 Marketing Segment EBIT (R
Slide 14: Chemicals
Chemicals Jan-Sep Jan-Sep Q1 02 Q2 02 Q3 02 2002 2001 Unit: MT 582.6 662.5 666.3 Ethylene 1,911.4 1,621 881.5 956 1,001.6 Synthetic Resin 2,839.1 2,430.6 929.1 966.2 927.3 Monomers & Polymer 2,822.6 2,666.9 for Synthetic Fiber 275.1 293.1 277 Synthetic Fiber 845.2 749.2 109.7 106.9 113.3 Synthetic R
Slide 15: Chemicals – Segment Performance
Chemicals – Segment Performance Domestic Chemicals Price Chemicals Segment EBIT (RMB/T) (RMB MM) 9500 400 306 8500 215 200 7500 0 6500 -200 -170 5500 -400 -600 4500 -800 -691 3500 Jan-Sep Q1 02 Q2 02 Q3 02 2002 '01 Ju 2 Fe 1 01 No 1 Fe 2 02 02 1 '0 1 1 '01 '01 2 '0 2 2 '02 Au 1 Au 2 '01 '02 01 '0 '0
Slide 16: Market Outlook and Q4 Production Plan
Market Outlook and Q4 Production Plan 16
Slide 17: 2002 4Q Market Outlook
2002 4Q Market Outlook ¾ Robust economic growth in China, with increasing domestic demand for the petrochemical, provide a favorable market environment ¾ Crude oil price in international market will maintain at a higher level ¾ Refining margins will be relatively stable at the present level ¾ Govern
Slide 18: Fourth Quarter Production Plan
Fourth Quarter Production Plan 02 4Q 02 3Q Unit Plan Actual Crude Oil Production MM T 9.6 9.767 Natural Gas BCM 1.28 1.218 Production Crude Processed MM T 27.03 26.04 Volume Domestic Sales Volume MM T 17.4 18.04 for Refined Oil Products Ethylene Production MT 787 666.3 18
Slide 19: For Further Information
For Further Information http://www.Sinopec.com Investor Relation Media Inquiry Tel: (8610) 64990060 Tel: (8610) 64990092 Fax: (8610) 64990067 Fax: (8610) 64990093 Email: ir@Sinopec.com Email: media@Sinopec.com 19
China Petroleum & Chemical — Q3 2002 Earnings Presentation on 6ix