Petkim Petrokimya Holding Anonim Sirketi · BIST:PETKM
Petkim Petrokimya Holding Anonim Sirketi — Petkim Petrokimya Holding A.Ş. — Q4 2018 Earnings Presentation
15 slides from Petkim Petrokimya Holding Anonim Sirketi's earnings presentation, 2019
Slide 1: 4Q18 Results Investor Presentation
4Q18 Results Investor Presentation 1
Slide 2: Ethylene – Naphtha spread averaged US$ 409/ton in 4Q18
Ethylene – Naphtha spread averaged US$ 409/ton in 4Q18 • Ethylene-naphtha spread decreased by 25% from the average of US$ 542/ton in the 3Q18 to US$ Ethylene – Naphtha spread averaged US$ 705/ton in 2Q17 409/ton in 4Q18. • Naphtha prices have sharply declined in line with oil prices that should norm
Slide 3: PLATTs Index averaged US$ 954 per ton in 4Q18
PLATTs Index averaged US$ 954 per ton in 4Q18 • PLATTs index decreased to US$954 per ton in 4Q18 from US$1.106 per ton in 3Q18. • In 4Q18 PLATTs index was %1.5 below 2017 average. • The trend has been downward during the last quarter reflecting a lower oil price and weak demand. • Low profit margins
Slide 4: Feedstock vs. Product Prices
Feedstock vs. Product Prices • Major maintenance that took place once in every four year (Turn Around) has ended as planned and production units are fully and efficiently operational. An important risk for 2018 has been properly managed. • Ethylene capacity utilization rate was %38 and sellable prod
Slide 5: Costs and Operational Efficiency in 4Q18
Costs and Operational Efficiency in 4Q18 5
Slide 6: In 4Q18 PETKİM achieved TL 2.072mn sales via 364k ton volume
In 4Q18 PETKİM achieved TL 2.072mn sales via 364k ton volume 4Q18 Volume: 364k ton 4Q18 Revenue: TL2.072mn 4Q18 Export Revenue: TL608mn 6
Slide 7: PETKİM 4Q18 Income Statement
PETKİM 4Q18 Income Statement TL mn 12M'17 12M'18 Sales 7.363,8 9.314,7 Cost of sales (5.505,9) (7.735,8) Gross Profit 1.858,0 1.579,0 Gross profit % 25,2% 17,0% Marketing and sales expenses (59,4) (77,6) General admin. Expenses (200,9) (243,8) R&D Expenses (17,2) (22,3) Operating profit 1.580,4 1.23
Slide 8: PETKİM 4Q18 Balance Sheet
PETKİM 4Q18 Balance Sheet TL mn 12M17 12M18 Cash and cash equivalents 1.460,4 3.009,4 Trade receivables 918,8 1.194,4 Inventory 893,6 1.129,6 Other receviables 837,4 6,4 Other current assets 98,2 2.655,2 Current assets 4.208,4 7.995,0 Non current assets 3.580,5 4.592,8 Total Assets 7.788,9 12.587,8
Slide 9: PETLİM Container Port
PETLİM Container Port • PETLİM Port Project has 1.5 million TEU container handling capacity, 42 hectare main port area, 8 hectare off-dock service area terminal port. • Port Operator and PETKİM’s 70% subsidiary PETLİM has a revenue sharing agreement for the 28 years (+4 years option) of the operatio
Slide 10: PETKİM - Wind Power Plant
PETKİM - Wind Power Plant • PETKİM completed of a wind power plant with a total capacity of 51MW at the PETKİM Peninsula. • The WPP is planned to generate 200GWh electricity per annum. • WPP has started its operation with existing 25MW capacity WPP license from Energy Market Regulatory Authority (EM
Slide 11: STAR Refinery
STAR Refinery • STAR Refinery will have 10 million tons /year crude oil refining capacity. • PETKİM signed a 20-year off-take agreement with STAR Rafineri A.Ş to offtake 270,000 tonnes mixed-xylene and 1,600,000 tonnes naphtha annually. • Naphtha price will be set as the Platts’ FOB MED spot market
Slide 12: Appendix 1. Petrochemical Complex Flow Chart
Appendix 1. Petrochemical Complex Flow Chart PETKİM has fully integrated operations LDPE Bag, greenhouse covers, film, cable, toys, pipes, (350,000 ton/year) bottles, hose, packaging HDPE Construction and water pipes, packaging film, Ethylene Plant (96,000 ton/year toys, bottles, soft drink crates,
Slide 13: Appendix 2. PETKIM Stock Performance
Appendix 2. PETKIM Stock Performance Closing Price as of 31 December 2018 (TRY/Share) TL 5.04 Market Cap (TRY mn) TL 8,316 Free Float (%) 49.0% 13
Slide 14: Investor Relations
Investor Relations We welcome your questions, comments and suggestions. Our corporate headquarters office address is: PETKİM Petrochemical Holding Corp. PO. Box.12 Aliağa, 35800 İzmir/ TURKEY To contact us with respect to shareholding relations for individual and corporate investors, please call dir
Slide 15: Disclaimer
Disclaimer This presentation is confidential and does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of PETKİM Petrokimya Holding A.Ş. (the “Company”) or any member of its group nor should it or
Petkim Petrokimya Holding A.Ş. — Q4 2018 Earnings Presentation on 6ix