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Q4 2014 EARNINGS RELEASE – Sk Group Ltd.

Sk Group Ltd. · Feb 5, 2015 · 17 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. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 1
    SK innovation 4Q 2014 Earnings Release 2015. 2. 5
  2. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 2
    Agenda 4Q 2014 Financial Results 4Q 2014 Business Highlights Q&A Appendix
  3. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 3
    Sales & Operating Profit (Unit : Bn KRW) Sales Total sales down by approx. 269.2 Bn KRW Q-o-Q Decrease in petroleum product prices 16,878.0 16,493.7 driven by lower oil prices 16,386.6 16,117.4 15,850.5 4Q13 1Q14 2Q14 3Q14…
  4. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 4
    Pre-tax Income & EBITDA (Unit : Bn KRW) Pre-tax Income Pre-tax income down by 601 Bn KRW Q-o-Q 187.0 37.0 8.2 4Q14 Non-operating loss of 178 Bn KRW 40.1 4Q13 1Q14 2Q14 3Q14 4Q14 Net FX related loss due to weak KRW…
  5. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 5
    Financial Position (Unit : Bn KRW) Assets decreased by 180 Bn KRW Y-o-Y Decrease in account receivables & inventory Assets Assets by 2.1 Tr KRW Assets Assets 33,831.1 35,288.9 35,104.7 Increase in non-current assets by 1.9 Tr…
  6. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 6
    Refining Refining Margins Dubai Crude oil (/B) 140.0 120.0 Crude oil prices trended downward 100.0 amid continued weakness in demand and increase in supply 80.0 60.0 40.0 20.0 0.0 12.01 12.04 12.07 12.10 13.01 13.04 13.07…
  7. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 7
    Refining Performance Analysis (Unit : Bn KRW) Despite USD appreciation and 3Q14 4Q14 recovery of margin, sharp declines in OP OP oil prices widened operating loss in 4Q Significant inventory related losses reflecting a negative…
  8. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 8
    Petrochemical - Product Spreads (US/Ton) Naph Ethylene-Naph PE-Naph 1,000 Olefin spreads showed weak trend 800 Naphtha price fell in line with sharp decline 600 in crude oil prices 400 Weaker ethylene spread upon completion 200…
  9. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 9
    Petrochemical - Performance Analysis (Unit : Bn KRW) Operating profit decreased on inventory-related losses and lower 145.4 29.7 product spreads +9.3 46.6 Inventory-related losses due to sharp drop in naphtha price Q-o-Q…
  10. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 10
    Lubricants Business (Unit : Bn KRW) Operating profit remained stable with steady base oil margin +3.3 3.1 73.2 2 71.4 Gr-III market to continue expanding Higher Gr-III demand expected as eco-friendly and high-efficient…
  11. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 11
    E&P Business (Unit : Bn KRW, 1000 BOE/D) 3Q14 4Q14 Sales 239.8 230.1 Operating income slightly down due Average daily production 71 77 to crude and gas price declines - Peru 88 31 30 despite sales volume growth and USD…
  12. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 12
    Agenda 4Q 2014 Financial Results 4Q 2014 Financial Results Q&A Appendix
  13. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 13
    Agenda 4Q 2014 Financial Results 4Q 2014 Financial Results Q&A Appendix
  14. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 14
    Appendix 1. Business Performance 2. Utilization Rate Petroleum/Petrochemical Plants 3. Disclosure of Earnings Release
  15. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 15
    1. . Business Performance (excluding intercompany transactions) SK SK SK SK 4Q (Unit: Bn KRW) Global 2014 Total Innovation Energy* Lubricants Total Chemical Sales 314.5 11,986.1 3,017.7 799.1 16,117.4 65,875.7 Operating…
  16. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 16
    2. Utilization Rate Petroleum/Petrochemical Plants Petroleum Plant 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 CDU 76% 80% 78% 74% 79% 80% 82% 75% 68% 75% 76% 70% 77% 83% Ulsan 91% 92% 88% 83% 92% 90% 91%…
  17. Q4 2014 EARNINGS RELEASE – Sk Group Ltd. – slide 17
    3. Disclosure of Earnings Release Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) The followings are interim financials, subject to change in the final report. 1. Details of Business…

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