China Aviation Oil (singapore) Corporation Ltd · SGX:G92
China Aviation Oil (singapore) — FY2015 Earnings Presentation
23 slides from China Aviation Oil (singapore)'s earnings presentation, Feb 25, 2016
Slide 1: FY2015 Results Presentation
Title 25 February 2016 FY2015 Results Presentation
Slide 2: Cautionary note on forward-looking statements
Title Cautionary note on forward-looking statements 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 the l
Slide 3: CFO's Opening Address - Mr Wang Chunyan
Title CFO’s Opening Address - Mr Wang Chunyan
Slide 4: FY2015 Operational Highlights
FY2015 Title Operational Highlights Healthy overall performance for FY2015 despite the slowing economy; reflecting growth momentum in HK, USA and Europe subsidiaries as well as business expansion activities across the integrated supply chain : − NAFCO’s business volume more than doubled, participa
Slide 5: FY2015 Financial Highlights
5 FY2015 Title Financial Highlights Refining of Group’s strategy towards competitive advantage in jet fuel supply and trading drove bottom line growth as CAO benefitted from the continued growth of the Chinese civil aviation industry and increasing supply volumes at overseas airports Revenue dec
Slide 6: Revenue Impacted by Slump in Oil Prices
6 Title Revenue Impacted by Slump in Oil Prices Total supply and trading volumes remained stable year-on-year Jet fuel prices averaged US$68.15 per barrel for FY2015 vs US$115.87 per barrel for FY2014 US$’millions Revenue 18,000 17,061.0 16,000 15,571.9 14,808.0 14,000 12,000 10,000 9,012.0 8,97
Slide 7: Total Supply and Trading Volume Remains Stable Despite Slowing Economy
7 Total Supply and Trading Volume Remains Stable Despite Slowing Economy Refined overarching strategy to focus on competitive edge in jet fuel supply and trading Pursued other oil products segment on strict risk controls and viz product market conditions million tonnes Total Volume 25 20.4 20.2
Slide 8: Core Jet Fuel Business Remains Resilient
8 Core Jet Fuel Business Remains Resilient Middle distillates revenue impacted by oil price slump Stable jet fuel supply and trading volume at 11.87 million tonnes Healthy core jet fuel supply and trading business underpinned by sustained jet fuel demand from aviation marketing and growing Chi
Slide 9: Other Oil Products Strategy Adjusted vis Market Conditions
9 Other Oil Products Strategy Adjusted Title vis Market Conditions Refinement of other oil products portfolio with continued focus on transportation fuels Trading volume of other oil products remained unchanged at 8.28 million tonnes Temporary suspension of petrochemical trading in September 2
Slide 10: Healthy Profits from Core Jet Fuel Supply & Trading Business
10 Healthy Profits from Core Jet Fuel Supply Title & Trading Business Group profitability bolstered by higher gains from jet fuel trading CAO to benefit from the growing demand for jet fuel in China and new businesses from enlarged global supply and trading network US$’ millions Net Profit Gross
Slide 11: CAO's International Revenue Base
11 Title CAO’s International Revenue Base FY 2010 FY 2015 Other Regions 3.4% Australia Other Regions Malaysia Singapore 3.5% 6% 0.7% 9% Europe 2.8% South Korea Middle East 5% 0.1% Singapore China 16.7% 52.5% US$5.5 US$9.0 billion billion Indonesia 3.4% Hong Kong China 10.3% 80% USA 6.0% South Korea
Slide 12: Sustainable Income Streams from Associates
12 Title Sustainable Income Streams from Associates Share of profits from SPIA decreased despite higher refuelling volumes due primarily to lower refuelling sales price Increase in contributions from TSN-PEKCL and OKYC mainly due to higher pipeline transportation volume and increase in tank stor
Slide 13: FY2015 Profit & Loss Summary
13 FY2015 Profit & Loss Summary FY2015: US$8,977.2m FY2014: US$17,061.0m -47.4% Lower revenue largely due to the decline in oil prices. Total supply and Revenue trading volume remained stable year-on-year FY2015: US$35.4m FY2014: US$27.4m Higher gains from jet fuel trading and lower losses incur
Slide 14: Balance Sheet Summary
14 Balance Sheet Summary 31 Dec 2015: US$56.8m 31 Dec 2014: US$38.1m +49.1% Inventories Increase in inventories held for trading optimisation activities 31 Dec 2015: US$337.9m 31 Dec 2014: US$959.4m -64.8% Trade and Other Decrease due to lower oil prices and trading volume in December 2015 Recei
Slide 15: CAO Strategy & Outlook - CEO, Mr Meng Fanqiu
CAO Strategy & Outlook - CEO, Mr Meng Fanqiu
Slide 16: New Dividend Policy
16 New Dividend Policy Adoption of new dividend policy based on a growth-based dividend payout formula to afford shareholders a more direct participation in CAO’s earnings growth. CAO intends to declare dividends comprising 30% of its annual consolidated net profits attributable to shareholders
Slide 17: CAO: Focused on Growth
17 CAO: Focused on Growth Strong Balance Sheet, Strong cash-flows, Strengthened credit profile Robust risk management and corporate governance framework Global supply and trading network spanning Asia Pacific, America and Europe International revenue base; diversified product base Integrat
Slide 18: CAO: Strengthened Through the Years
CAO: Strengthened Through the Years Member of Singapore “Global Trader Program”, entitled to 5% tax rate Out of 131 Chinese companies listed in Singapore Exchange Mainboard, CAO ranked 1st, 23rd, 13th, 5th, 11th, in terms of revenue, net profit, total assets, market capitalization respectively
Slide 19: CAO: Resilient Through the Times
19 CAO: Resilient Through the Times Outlook Volatile and challenging oil trading environment expected to persist but Group will seize trading opportunities backed by stringent risk controls to deliver growth Integrated value chain across Asia Pacific, USA and Europe will be further enhanced and
Slide 20: CAO: At the Forefront of "One Belt, One Road"
20 CAO: At the Forefront of “One Belt, One Road” Business expansion from “One Belt, One Road” - Inherent pedigree as CNAF’s international arm places CAO at forefront of China’s “One Belt, One Road” initiative as infrastructure developments including airports are set up across 3 continents resultin
Slide 21: Burgeoning Aviation Growth Expected with "One Belt, One Road" Initiative
Burgeoning Aviation Growth Expected 21 with “One Belt, One Road” Initiative “One Belt, One Road” initiative emphasises interconnectivity and trade among countries which span across 3 continents in Eurasia. The initiative is set to see development of infrastructure projects such as roads, railways, p
Slide 22: CAO: Making Strides to Realise Strategic Vision
22 CAO: Making Strides to Realise Strategic Vision
Slide 23: Vision Title
Farnese & fi Integrity 38 sore China Aviation Oil ESL Aa (BEA) A 23 seh innovati lobal disted 7 S pr \gapore-listed company and a member of the Global Trader Programme Peter “RAD St” RA
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