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2015 Interim Results – China Petroleum & Chemical Corp.

China Petroleum & Chemical Corp. · Aug 27, 2015 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 1
    China Petroleum & Chemical Corporation 2015 Interim Results Announcement August 27, 2015 Hong Kong
  2. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 2
    Agenda 1H2015 Performance Highlights 1H2015 Operational Results by Segments 2H2015 Operational Plan 2015-8-27 3
  3. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 3
    1H2015 Performance Highlights
  4. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 4
    Market Environment in 1H2015 Chinas GDP grew by 7.0% YoY International crude oil prices fluctuated at low level Domestic demand for crude oil continued to grow, growth in natural gas demand decelerated Domestic apparent consumption…
  5. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 5
    Profitability Change RMB million 1H2014 1H2015 % Turnover and Other Operating Revenue 1,356,172 1,040,362 (23.3) Operating Profit 52,268 40,543 (22.4) Net Profit Attributable to Shareholders 32,543 25,394 (22.0) EPS (RMB)…
  6. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 6
    Improved Asset-liability Structure RMB billion 1H2015-2014 2014 1H2015 Change% Total Assets 1,451.37 1,470.36 1.31 Short-term Interest-bearing Debt 178.15 154.68 (13.18) Long-term Interest-bearing Debt 115.37 85.88 (25.57)…
  7. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 7
    Improved Cash Flow 1H2014- RMB billion 1H2014 1H2015 1H2015 Change% Net Cash Generated from Operating 58.21 67.44 15.85 Activities Net Cash Used in Investing Activities (62.65) (54.98) (12.24) Net Cash Generated from Financing…
  8. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 8
    Dividend The Board of Directors declared an interim dividend of RMB 0.09 per share. Total dividend to be paid would be RMB 10.9 billion with YoY growth of 3.7% Dividend payout ratio is 42.7% Interim Dividend Paid/Declared RMB…
  9. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 9
    Strengthen Cost Control Target cost management involving all employees Strengthen cost control over the entire production and operation process Overall financial costs declined year by year Cost well under control 2012 2013 2014…
  10. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 10
    Capital Expenditure Dynamic investment mechanism focusing on quality and profitability of business development E&P: RMB 13.4Bn Capital Expenditure Oil & gas exploration and development, LNG projects and RMB billion natural gas…
  11. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 11
    Focus on Safety and Environment Protection Strengthen identification and removal of safety hazards and achieved safe and stable operation Continue to implement the Clear Water, Blue Sky Project Level of emissions and energy…
  12. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 12
    1H2015 Operational Results by Segments
  13. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 13
    Upstream - Operating Results 1H2014 1H2015 Change% Oil and Gas Production(mm boe) 237.01 232.95 (1.71) Crude Oil Production(mm bbl) 177.88 174.07 (2.14) China 154.15 147.47 (4.33) Overseas 23.73 26.60 12.09 Natural Gas…
  14. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 14
    Upstream - Performance Realized Price of Crude Oil Operating Profit of Upstream-YoY USD/bbl RMB million 94.73 28,263 49.33 (1,826) 1H2014 1H2015 1H2014 1H2015 Realized Price of Natural Gas Liftingof Operating Profit…
  15. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 15
    Refining - Operating Results (MM tonnes) 1H2014 1H2015 Change% Refinery Throughput 115.81 118.89 2.66 Gasoline, Diesel and Kerosene Production 71.62 74.75 4.37 Gasoline Production 24.94 27.02 8.34 Diesel Production 36.67 35.82…
  16. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 16
    Refining - Performance Refining Margin Operating Profit of Refining-YoY USD/bbl RMB million 7.72 15,320 6.66 9,755 1H2014 1H2015 1H2014 1H2015 Operating Cost* Operating Profit of Refining-QoQ USD/bbl RMB million 18,675…
  17. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 17
    Marketing - Operating Results (MM tonnes) 1H2014 1H2015 Change% Total Sales Volume of Refined Oil Products 88.26 92.97 5.34 Domestic Sales of Refined Oil Products 81.04 83.92 3.55 Retail 56.55 58.19 2.90 Wholesale and…
  18. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 18
    Marketing - Performance Sales from Non-fuel Business Operating Profit of Marketing Segment-YoY RMB million 13,330 RMB million 18,794 7,190 15,188 1H2014 1H2015 1H2014 1H2015 Marketing Cash Operating Cost Operating Profit of…
  19. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 19
    Chemicals - Operating Results 000 tonnes 1H2014 1H2015 Change% Ethylene 5,084 5,457 7.34 Synthetic Resins 6,965 7,476 7.34 Monomers & Polymers for Synthetic Fibers 4,105 4,322 5.29 Synthetic Fibers 646 638 (1.24) Synthetic…
  20. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 20
    Chemicals - Performance Chemical Products Price Index Operating Profit of Chemicals Segment-YoY 250 10,103 RMB million 200 150 100 50 0 Jul-12 Mar-13 Nov-13 Jul-14 Mar-15 (3,968) Index Difference CPPI Naphtha Price Index 1H2014…
  21. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 21
    2H2015 Operational Plan
  22. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 22
    2H2015 Market Outlook Chinese economy is expected to keep its steady growth momentum International crude oil price is expected to continue fluctuating at a low level Domestic demand for oil & gas is expected to grow steadily…
  23. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 23
    2H2015 Production Plan Oil and Gas Production Crude Oil Production Natural Gas Production mmboe mmbbls bcf 267 174 177 537 233 353 1H2015 2H2015 1H2015 2H2015 1H2015 2H2015 Refinery Throughput* Total Domestic Sales of…
  24. 2015 Interim Results – China Petroleum & Chemical Corp. – slide 24
    Q&A http://www.sinopec.com Investor relations Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 Email: irsinopec.com Hong Kong: Tel: (852) 28242638 Fax: (852) 28243669 Email: irsinopechk.com New York: Tel: (212) 759 5085…

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