Skip to main content Q1 2014 RESULTS – Bangchak Petroleum Plc Investor Presentation | Shale Experts
Loading...
Pm

Q1 2014 RESULTS – Bangchak Petroleum Plc

Bangchak Petroleum Plc · May 15, 2014 · 37 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. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 1
    The Bangchak Petroleum Analyst Meeting 1Q2014 15 May 2014
  2. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 2
    AGENDA 1 Performance Review 1Q2014 2 Financial Performance 3 World Oil Situation 4 Going Forward 2
  3. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 3
    AGENDA 1 Performance Review 1Q2014 2 Financial Performance 3 World Oil Situation 4 Going Forward 3
  4. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 4
    Operating Result (Consolidated) Performance Results Unit: THB Million 1Q20131/ 4Q20132/ 1Q2014 Unit: THB Million YoY QoQ (Restated) Total EBITDA 3/ 3,505 1,810 2,589 EBITDA Refinery 2,733 1,154 1,431 EBITDA Marketing 438 121…
  5. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 5
    Refinery Business Crude Run Unit: KBD Reasons for the decline in crude run -3% QoQ -2% YoY A few equipment approach their 101.17 maintenance turnaround cycles, 99.95 97.82 consequently did not operate at their start of run…
  6. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 6
    Refinery Business Product Yield Crude Selection Portion of product yield are from crude sourcing We still maintain the use of local crude as our main feedstock source 4% LPG 10% 21% Gasoline 5% 10% Jet 55% 30% 53 KBD +8 KBD…
  7. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 7
    Refinery Business GRM Performance Crack Spread Graph Unit: /BBL Unit: /BBL 30 25 -15% QoQ 10.25 20 -33% YoY 15 8.10 10 2.08 6.88 5 0.07 0 2.10 0.16 0.31 1.19 8.10 UNL95-DB GO-DB 6.41 4.82 0 -5 -10 1Q2013 4Q2013 1Q2014…
  8. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 8
    Refinery Performance EBITDA Unit: Million Baht Unit: THB Million 1Q2013 4Q2013 1Q2014 Stock G/L 561 622 45 2,733 FX Forward 614 -418 55 +24% QoQ -48% YoY Quarterly Summary 1,431 1,154 Decrease in level of crude run Decrease…
  9. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 9
    Marketing Business Marketing Sales Volume Sales Volume Breakdown Unit: Million litre Total sales volume of 1,240 Million litre -4% QoQ OTHER FO 3% -1% YoY 4% JET 1,256 1,295 15% 1,240 +10% QoQ +1% YoY DIESEL 527 542 527…
  10. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 10
    Marketing Business Retail Market Share All Product Gasoline Other Other 11.9% 6.2% 14.0% 7.5% 37.4% 38.4% 12.8% 11.9% 12.4% 14.7% 14.9% 17.9% Jan-Feb 2013 14.5% Jan-Feb 2013 12.9% Note: Market share was as of January to…
  11. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 11
    Marketing Business Net Marketing Margin (MKM) EBITDA Unit: Baht per Litre Unit: Million Baht +401% QoQ +39% YoY 1.2 607 1.0 0.95 438 0.8 0.71 0.67 0.67 121 0.6 0.49 0.49 0.4 1Q2013 4Q2013 1Q2014 0.2 0.30 Quarterly Summary 0.25…
  12. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 12
    Solar Power Business Solar Irradiation EBITDA +7% QoQ Unit: kW/m2 Unit: Million Baht +103% YoY Phase 1 7 441 412 6 5 218 4 3 Jan-13 Mar-13 Dec-13 Jan-14 Apr-13 Mar-14 Feb-13 Jul-13 Aug-13 Sep-13 Oct-13…
  13. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 13
    Biodiesel Business (BBF) Daily Production and Sales Volume EBITDA -16% QoQ Unit: Million litre per day Unit: Million Baht +7% YoY 0.50 0.46 119 0.44 100 0.35 0.36 93 0.33 1Q2013 4Q2013 1Q2014 1Q2013 4Q2013 1Q2014 B100…
  14. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 14
    Ethanol Business (UBE) UBE Ubon Bio Ethanol Company Limited Performance Results 1Q 2013 4Q 2013 1Q 2014 Sales Volume 13 17 18 Production (ML) 15 17 26 Utilization Rate (%) 45% 68% 76% Operating Days (Days) 86 62 86…
  15. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 15
    AGENDA 1 Performance Review 1Q2014 2 Financial Performance 3 World Oil Situation 4 Going Forward 15
  16. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 16
    Key Financial Highlight (Consolidated) Revenue EBITDA Net Profit (Attributable to owners of the company) +5% YoY EPS (Baht/Share) +3% QoQ 1.60 1.13 0.50 48,064 49,657 47,276 -26% YoY +43% QoQ -29% YoY 3,505 +127% QoQ 2,589…
  17. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 17
    Financial Position (Consolidated) Unit: THB Million Net IBD/E Ratio (Times) Assets Liabilities & Equity 0.65 0.64 79,654 79,654 0.42 73,537 0.45 0.34 73,537 Cash & 4,497 6,500 S/T Loan 0.25 Equivalents 6,527 Current FY2012 FY2013…
  18. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 18
    AGENDA 1 Performance Review 1Q2014 2 Financial Performance 3 World Oil Situation 4 Going Forward 18
  19. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 19
    World GDP Growth Outlook World GDP Growth (% YoY) % YoY FY2013 FY2014 FY2015 6 5.2 USA 1.9 2.8 3.0 5 3.9 3.6 3.9 EU -0.5 1.2 1.5 4 3.2 3.0 3 India 4.4 5.4 6.4 2 Russia 1.3 1.3 2.3 1 0 China 7.7 7.5 7.3 -1 2009 2010 2011 2012…
  20. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 20
    Oil Market Outlook: Demand Country Demand Growth FY2012 = 90.11 MBD FY2013 = 91.40 MBD FY2014 = 92.69 MBD (KBD) 2013-2014 Americas 0.68 0.68 0.69 Americas 90 (+0.4%) Europe (OECD) 3.66 3.78 3.95 4.5 Americas 4.62 Americas…
  21. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 21
    Global Oil Supply and Balance Non-OPEC supply growth causing the decline in Call on World oil balance (MBD) OPEC in FY2014 100 92.7 90.1 91.4 Total nonOPEC production growth is forecast at 1.5 MBD to 56.2 90 MBD for FY2014,…
  22. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 22
    Crude Oil Dubai price outlook 120 Actual Average Dubai 1Q2014 = 104.45 /BBL Dubai WT I 115 Brent DB(F) 110 Avg. = 104.11 105 Dubai 100 WTI Brent 95 103.5 104.0 104.5 DB (F) 90 104.45 85 FY2013 FY2014 Factors to watch…
  23. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 23
    Product crack spreads outlook ULG95-DB Actual 2013 = 13.55 /BBL Est. 2014 = 13.8 /BBL 25 + [D] Increasing number of new car sales in China and Indonesia supporting gasoline demand. 20 + [D] Driving season demand in U.S. 18.15 14.56…
  24. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 24
    AGENDA 1 Performance Review 1Q2014 2 Financial Performance 3 World Oil Situation 4 Going Forward 24
  25. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 25
    Turnaround Maintenance Turnaround Maintenance (TAM) Installation of new CDU (100 KBD) for plant 3 Replacement of catalyst in Hydrocracking Unit Plant reliability Improvement Crude run after TAM on average 105-110 KBD (1…
  26. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 26
    Solar Power Business Phase 3 : 48 MW PPA Project Investment: THB 4,500 Million COD Earlier than schedule 2014 Target EBITDA: THB 800++ Million PLANT PPA (MW) COD PLAN Prakhonchai, Buriram 8 19 Mar 2014 Nong Ki, Buriram 8…
  27. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 27
    Going Forward 1Q2014 Biofuel (Actual) (Target) Solar 4% Refinery Business 1Q2014 FY2014 17% Crude Run (KBD) 97.82 90-94 2,589 Refinery GRM (/BBL) 6.88 7 Marketing THB Million 55% Marketing Business 24% MK Sales Volume (ML/MO)…
  28. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 28
    Investment Plan (Unit : THB Million) Total FY2014 FY2015 FY2016 FY2017 FY2018 Refinery Business: Normal CAPEX 8,750 1,900 1,650 1,950 1,200 2,050 New CDU 400 400 - - - - 3E Project 7,000 280 1,550 1,890 2,460 820 Marketing…
  29. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 29
    Thank you irbangchak.co.th Tel. +662 335 4580, 335 4583 www.bangchak.co.th click Investor Relations Disclaimer : The information contained herein is being furnished on a confidential basis for discussion purposes only and only…
  30. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 30
    APPENDIX Profit and Loss (Consolidated) Profit and Loss (Company) Financial Performance: Refinery BU (Company) Marketing BU (Company) Biodiesel Business (BBF) Solar Business Financial Ratio (Consolidated) 30
  31. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 31
    Profit and Loss (Consolidated) Financial Results 1Q2013 1/ 4Q2013 2/ 1Q2014 (Unit: THB Million) YoY (%) QoQ (%) (Restated) Sales Revenue 47,276 48,064 49,657 5% 3% EBITDA 3,505 1,810 2,589 -26% 43% Depreciation and Amortization…
  32. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 32
    Profit and Loss (Company) Financial Results 1Q2013 1/ 4Q2013 2/ 1Q2014 Unit: THB Million YoY (%) QoQ (%) (Restated) Sales Revenue 46,523 47,220 48,664 5% 3% EBITDA 3,297 1,500 2,207 -33% 47% - Refinery Business 2,733 1,154 1,431…
  33. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 33
    Financial Performance: Refinery BU (Company) 1Q2013 1/ 4Q2013 2/ 1Q2014 (Restated) THB Million /BBL THB Million /BBL THB Million /BBL Market GRM 2,182 8.10 1,429 4.82 1,851 6.41 GRM Hedging 19 0.07 353 1.19 90 0.31 Inventory…
  34. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 34
    Financial Performance: Marketing BU (Company) 1Q2013 1/ 4Q2013 2/ 1Q2014 (Restated) THB Million Baht/L THB Million Baht/L THB Million Baht/L Net Retail Margin 487 0.67 533 0.71 677 0.95 Net Industrial Margin 131 0.25 101 0.19 156…
  35. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 35
    Financial Performance: Biodiesel Business (BBF) Unit: THB Million 1Q2013 1/ 4Q2013 2/ 1Q2014 YoY (%) QoQ(%) (Restated) Revenue 1,133 1,263 1,422 26% 13% Gross profit 70 119 94 33% -21% Other Income 15 0.22 0.24 -98% 11% Operating…
  36. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 36
    Financial Performance: Solar Business Phase 1 (38 MW), Phase 2 (32 MW) and Phase 3 (8 MW) Unit: THB Million 1Q2013 1/ 4Q2013 2/ 1Q2014 YoY(%) QoQ(%) (Restated) Revenue 229 431 456 99% 6% Gross profit 171 333 359 110% 8% Other…
  37. Q1 2014 RESULTS – Bangchak Petroleum Plc – slide 37
    Financial Ratio (Consolidated) 1Q2013 1/ 4Q2013 2/ 1Q2014 (Restated) Profitability Ratios (%) EBITDA Margin 7.41% 3.77% 5.21% Profit Margin 4.69% 1.49% 3.19% Return on Equity (ROE) 3/ 12.12% 13.91% 11.38% Return on Assets (ROA)…

From the store

Browse maps, data & reports in the Shale Experts store