Engro Polymer & Chemicals Limited · PSX:EPCL
Engro Polymer & Chemicals — Q1 2014 Earnings Presentation
8 slides from Engro Polymer & Chemicals's earnings presentation, 2014
Slide 1: Analyst Briefing – 1Q 2014
engro polymer & chemicals ANALYST BRIEFING —- 1Q 2014
Slide 2: Summary
Summary • In 1Q 2014, the company recorded a Revenue of PKR 5.37 Bn as compared to PKR 5.88 Bn in 1Q 2013 • Company posted a Profit After Tax (PAT) of PKR 148 Mn in the 1Q 2014 as against Profit After Tax of PKR 263 Mn in 1Q 2013 • Primary reason for low profitability was lower domestic sales of PVC
Slide 3: International Business Context
International Business Context • International PVC Price USD/Ton – International PVC prices 1,300 remained flattish in 1Q 2014, 1,100 competition from cheaper 900 Chinese carbide based 700 products maintained pressure on PVC prices March August June December January July September May February Octob
Slide 4: Domestic Market Overview
Domestic Market Overview PVC Caustic • Domestic PVC market witnessed a • Domestic caustic market remained slowdown and overall demand weak due to following factors: remained depressed due to following – Caustic producers in North did not factors: face usual power curtailment which – Carried forward
Slide 5: Highlights – Vinyls
Highlights – Vinyls 1Q 2014 1Q 2013 PVC production in KT 33.4 34.0 VCM production in KT 32.9 39.9 PVC Sales in KT Local 25.1 34.1 Export 4.6 1.9 EPCL PVC Base Price ($/MT) 1,117 1,084 EPCL weighted average Ethylene Avg. Price ($/MT) 1,441 1,469 • In line with the domestic market conditions, EPCL als
Slide 6: Highlights – Caustic & Allied
Highlights – Caustic & Allied 1Q 2014 1Q 2013 Caustic Production (KT) 25.9 27.9 Caustic Sales Volume (KT) 21.7 24.7 Caustic Price (Rs/MT) 51,403 48,286 Hypo Sales (KT) 4.5 5.0 HCL Sales in (KT) 4.7 1.3 • Considering the overall market dynamics In 1Q 2014, EPCL resisted the Caustic Domestic Market Sh
Slide 7: Financial Highlights
Financial Highlights • Financial Performance PKR Million 1Q 2014 1Q 2013 Total Revenue 5,367 5,888 Contribution Margin 1,448 1,830 EBITDA 614 1,004 Profit Before Tax 262 353 Profit After Tax 148 263 • Variance as compared to 1Q 2013 was witnessed on account of: – Lower PVC sales in Domestic Market –
Slide 8: Thank You
engro polymer & chemicals Thank You
Engro Polymer & Chemicals — Q1 2014 Earnings Presentation on 6ix