1 Presentation of Full-Year Results for Fiscal 2014 and Progress Made in the 5th Consolidated Medium- Term Management Plan May 12, 2015
Contents of Presentation 2 Progress Made in the 5th Consolidated P.3 7 Medium-Term Management Plan President: Keizo Morikawa Transformation to a Holding Company P.8 12 Highlights of Full-Year Results P.13 20 for FY2014…
3 Progress Made in the 5th Consolidated Medium- Term Management Plan
5th Consolidated Medium-Term Management Plan: Four Basic Policies and Progress 4 With the aim of becoming a vertically integrated global energy company, we have implemented each business strategy steadily and promptly in accordance…
5th Consolidated Medium-Term Management Plan: Programs Implemented in Accordance with the Four Basic Policies (1) 5 Regain profitability in the refining & marketing sector Realization of safe refinery operation and stable supply…
5th Consolidated Medium-Term Management Plan: Programs Implemented in Accordance with the Four Basic Policies (2) 6 Secure stable income from investments made during the previous medium term management plan Strategic investments in…
5th Consolidated Medium-Term Management Plan: Programs Implemented in Accordance with the Four Basic Policies (3) 7 Further strengthen alliances with IPIC and Hyundai Oilbank IPIC A comprehensive strategic alliance with CEPSA, a…
8 Transformation to a Holding Company - Birth of Cosmo Energy Holdings on October 1 -
Background and Objective of the Transformation to a Holding Company 9 Provision of stable dividend, optimal distribution of management resources, flexible, prompt implementation of alliance strategies (collaborations, joint projects,…
Change in the Governing Form 10 Based on Japans Corporate Governance Code, we will shift from defensive governance to aggressive governance with the aim of improving corporate value. We will separate the monitoring of the Group's…
Flow of the Transformation to a Holding Company 11 We will introduce a structure consisting of three core business companies engaged in E&P, supply, and marketing, and improve the competitiveness of each group of businesses, thereby…
Management Policy for the Remaining Three Years of the 5th Consolidated Medium-Term Management Plan 12 Take the transformation to a holding company in FY2015 as an opportunity to further accelerate business strategies in order to…
13 Highlights of Results for Fiscal 2014 Copyright COSMO OIL CO.,LTD. All Rights Reserved.
Business Environment in FY2014 14 Crude oil prices: Prices fell sharply as supply and demand conditions eased, due in part to the shale gas revolution in the US, OPECs maintenance of its product ceiling, and concern over the…
FY2014 Review 15 Key points of financial results Consolidated ordinary income increased by 40.8 billion yen year on year, to 66.5 billion yen, excluding the impact of inventory valuation. 1 Inventory valuation losses were posted,…
[FY2014 Results] Consolidated Income Statements - Changes from FY2013 16 Unit: billion yen FY2014 FY2013 Changes (Apr.-Mar.2015) (Apr.-Mar.2014) Net sales 3,035.8 3,537.8 -502.0 Cost of sales 2,944.9 3,369.0 -424.1 Selling,…
[FY2014 Results] Consolidated Ordinary Income - Changes from FY2013 17 Unit: billion yen FY2014 FY2013 Changes (Apr.-Mar.2015) (Apr.-Mar.2014) Ordinary income excluding impact of inventory valuation 66.5 25.7 40.8 Petroleum…
[FY2014 Results] Consolidated Ordinary Income (Excluding the Impact of Inventory Valuation) - Analysis of Changes from FY2013 18 Petroleum Business : Higher profit mainly due to safe operation and stable supply from refineries Key and…
[FY2014 Results] Outline of Consolidated Cash Flows and Consolidated Balance Sheet 19 Cash flows from operating activities increased significantly. Interest-bearing debts were reduced by approximately 20% through inventory reduction…
[FY2014 Results] Highlights of Consolidated Capital Investment 20 The investment plan was implemented in line with the Consolidated Medium-Term Management Plan. Oil E&P Business: Investments in new drilling projects for increasing…
21 Forecast for FY2015 Performance Copyright COSMO OIL CO.,LTD. All Rights Reserved.
FY2015 Forecast 22 Key points of the forecast Sales from the Oil E&P Business will decrease due to falling crude oil prices. In the Petroleum Business, however, we will aim to achieve consolidated ordinary income of 49.0 billion yen…
FY2015 Full-Year Forecast - Changes from FY2014 23 The assumptions of the crude oil price and the foreign exchange rate are calculated on the basis of their respective average figures in March 2015. Unit: billion yen FY2015 FY2014…
[FY2015 Forecast] Consolidated Ordinary Income (Excluding the Impact of Inventory Valuation) - Analysis of Changes from FY2014 24 Petroleum Business : Secure appropriate margins, but partially cancelled out by resolution of time lag,…
[FY2015 Forecast] Outline of Consolidated Capital Expenditure 25 To be implemented in line with the investment plan under the Consolidated Medium-Term Management Plan. Petroleum Business: Installation of pipelines, reinforcement…
26 Supplementary Information P.27 [FY2014 Results/FY2015 Forecast] Sales Volume P.28 [FY2014 Results] Crude Oil Price and Processing Volume, CDU Operating Ratios, Crude Oil Production Volume P.29 Crude Reserves Estimate (Proved and…
[FY2014 Results/FY2015 Forecast] Sales Volume 27 Unit: thousand KL FY2015 Full Year FY2014 Result FY2014 FY2013 FY2015 outlook Changes Changes from changes from Results Results FY2013 Forecast FY2014 Selling volume in Japan…
[FY2014 Results] Crude Oil Price and Processing Volume, CDU Operating Ratios, Crude Oil Production Volume 28 [1] Dubai Crude oil price,processing volume and CDU operating ratios FY2014 FY2013 Changes from FY2013 Dubai crude oil price…
Crude Reserves Estimate (Proved and Probable) 29 (As of Dec. 31, 2014) Crude Reserves Estimate (working interest base) (*1) mmbls Proved Reserves (*2) 85.3 Probable Reserves (*3) 82.3 Note: The reserves include reserves Total Proved…
[FY2014 Results] Results by Business Segment Changes from FY2013 30 FY 2014 Results Changes from FY 2013 Unit: billion yen Ordinary Income ( excluding impact of Net Sales Operating Income Ordinary Income inventory valuation ,…
[FY2014 Results] Historical Changes in the Number of Employees, Oil Storage Depots, SSs, Cards in Force, and Number of contracted auto lease 31 [1] Workforce size (Number of employees) FY2010 FY2011 FY2012 FY2013 FY2014 Cosmo Oil…
[FY2015 Forecast] Forecast by Business Segment, Assumption of Crude Oil Price and Exchange Rate, and Business Sensitivity Thereto 32 Full-Year FY 2015 Outlook Changes from FY 2014 Unit: billion yen Ordinary Income ( excluding…
Diesel Fuel Export Results and Margin Environment 33 Copyright COSMO OIL CO.,LTD. All Rights Reserved.
[Petrochemical Business] Aromatic-Product Market Conditions 34 Copyright COSMO OIL CO.,LTD. All Rights Reserved.
Progress of Priority Measures in the 5th Consolidated Medium-Term Management Plan 35 With the aim of becoming a vertically integrated global energy company, we have implemented the measures specified in the medium-term plan steadily and…
[ Oil E&P Business ] - Highlights 36 Realized low-risk, low-cost development based on a relationship of mutual trust with Middle Eastern oil-producing countries as an operator delivering long-term, stable production FY2017 Ordinary…
[ Oil E&P Business ] - Progress in the Development of the Hail Oil Field 37 Steady progress is being made toward the start of Hail oil field and existing shipping terminal production in 2016. (Mubarraz Island) The peak production…
[ Oil E&P Business ] - Become the pillar of vertically integrated global energy companies…
[ Oil E&P Business ] - Enhancement of alliance with CEPSA 39 Cosmo aims to reinforce and expand the strategic partnership with CEPSA by transferring part of shares of newly established upstream subsidiary Cosmo Abu Dhabi Energy…
[Oil E & P Business] Transaction Structure 40 Cosmo 100% Cosmo Energy CEPSA (Transferor Company) 20% 80% 75% 45% 53% Cosmo Abu Dhabi Cosmo Oil (Newly established QPD UPD Company) Ashmore 64.1% ADOC…
[ Petroleum Business ] - Refinery operations 41 Stable operations in FY2014 as per the initial plan, including regular FY2017 maintenances at Chiba refinery Ordinary income Aim at obtaining plant certification for Chiba refinery…
[Petroleum Business] Joint Project with Kyokuto Petroleum Industries, Ltd. (Conclusion of Basic Contract) 42 Concluded a basic contract on a joint project and established Keiyo Seisei JV G.K. in January 2015. Reached a formal…
[ Petroleum business] Strengthen the Retail Business 43 Utilize the infrastructure for retaining existing customers and gaining new customers as a platform. Aim at strengthening SS profitability by converting to car life value…
[ Petrochemical business ] - Overview 44 Break into the MX and PX businesses as measures in response to declining demand for FY2017 gasoline in Japan, accelerating a shift toward the petrochemical business; a shift from Ordinary…
[ Renewable Energy ] The Wind Power Generation Business 45 Major improvement in the profitability of the wind power generation business as FY2017 a result of the introduction of the Japan's feed-in tariff (FIT) scheme Ordinary income…
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