Slide 1: Borouge Plc Q3 / 9M 2024 Results Presentation
Borouge Classification: Internal BOROUGE PLC Q3 / 9M 2024 RESULTS PRESENTATION 29 October 2024
Slide 2: Disclaimer
Borouge Classification: Internal 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 informatio
Slide 3: Agenda and Executive Management Team
Borouge Classification: Internal AGENDA AND EXECUTIVE MANAGEMENT TEAM Hazeem Sultan Al Suwaidi Chief Executive Officer Q3 2024 Results 01 Market Update Rainer Hoefling Chief Marketing Officer 02 Operational Highlights 03 Financial Highlights Dr. Hasan Karam Chief Operating Officer 04 Outlook 05 Conc
Slide 4: Q3/9M 2024 Results Highlights
Borouge Classification: Internal Q3/9M 2024 RESULTS HIGHLIGHTS Record production & highest ever quarterly sales drive outstanding results 9M 2024 Q3 Adj. Operating Net Profit Q3 Net Profit Q3 Sales Volumes Q3 Adj. EBITDA(1) FCF(2) $908 million (+27%, YoY) $328 million 1,422 kt $646 million $605 mill
Slide 5: Polyolefins Prices & Premia
Borouge Classification: Internal POLYOLEFINS PRICES & PREMIA Product Prices and Premia Evolution Commentary 1,149 1,109 1,113 1,093 1,093 1,024 1,055 1,062 1,053 924 903 919 915 895 894 902 860 924 893 967 ▪ Borouge’s polyolefin average selling prices in Q3 declined moderately Benchmark Prices vs Av
Slide 6: Operational and Commercial Performance
Borouge Classification: Internal OPERATIONAL AND COMMERCIAL PERFORMANCE Capacity Utilisation Rates & Sales Volumes Commentary % Utilisation rate 97% 109% 104% 106% 114% 106% 2,250 1965 ▪ Record high total quarterly production in Q3 24 Polyethylene of 1,355kt, with utilisation rates of: Sales Volume
Slide 7: Revenue & Profitability
Borouge Classification: Internal REVENUE & PROFITABILITY Key Metrics Commentary (3) Polyethelene 94 34 Polypropylene Ethylene & others 1,782 1,745 Revenue ($m) +3% 19 15 9 15 ▪ Outstanding Q3 performance supported by +7% 2,418 2,626 637 +7% 657 606 657 highest-ever quarterly sales and record 840 928
Slide 8: Costs
Borouge Classification: Internal COSTS Key Metrics Commentary % of Revenue 54% 48% 52% 49% 49% 49% 2,307 2,113 Cost of Sales (excl D&A) 773 779 739 779 ▪ In Q3 total cost base (excl. D&A) increased ($m) -8% +1% +5% 4% YoY and up 7% QoQ primarily due to higher production volumes 9M 23 9M 24 Q3 23 Q3
Slide 9: Capex & Free Cash Flow
Borouge Classification: Internal CAPEX & FREE CASH FLOW Key Metrics Commentary 125 Capital 89 Expenditure ($m) 33 42 42 ▪ CAPEX in Q3 of $41m -28% +109% 20 +27% ▪ Q3 adjusted operating free cashflow of $605 9M 23 9M 24 Q3 23 Q3 24 Q2 24 Q3 24 million up +6% YoY and +4% QoQ % Cash Conversion (1) 92%
Slide 10: Outlook / Guidance
Borouge Classification: Internal OUTLOOK / GUIDANCE Market Prices Volumes Costs ▪ Stable macro-economic ▪ Polyolefin prices expected to ▪ Continued strong production ▪ Ongoing cost efficiencies and environment in Borouge core remain in the narrow band of volumes for the rest of 2024 optimization to
Slide 11: Our Ownership Structure
Borouge Classification: Internal OUR OWNERSHIP STRUCTURE Shares are listed on the Abu Dhabi securities Exchange (ADX) under the symbol “BOROUGE” Free-float 10% 30.058 Billion ADNOC Borealis Shares 36% 54% 11 Q3 2024 Earnings Presentation
Slide 12: For further information, please contact
Borouge Classification: Internal For further information, please contact: Samar Khan VP, Investor Relations IR@borouge.com Website: www.borouge.com/en/investor-relations