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Q1 2014 RESULTS – Bazan Group

Bazan Group · May 21, 2014 · 14 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 – Bazan Group – slide 1
    BAZAN Group Oil Refineries Ltd. First Quarter 2014 Results May 2014 1
  2. Q1 2014 RESULTS – Bazan Group – slide 2
    Disclaimer This presentation has been prepared by Oil Refineries Ltd. (the Company) as a general presentation of the Company and its financial results. The information included in the presentation and any other information…
  3. Q1 2014 RESULTS – Bazan Group – slide 3
    Operating Results Highlights Net profit in spite of challengeable business environment Refining margin of about 4.6 per barrel higher than the benchmark average The Cash Flow from operations was 488 million Efficiency…
  4. Q1 2014 RESULTS – Bazan Group – slide 4
    Operating Environment Crude Oil Prices Brent, /Bbl 120 Crude oil prices between 106 111per barrel 110 100 90 12/12 03/13 06/13 09/13 12/13 03/14 Ural - Brent, /Bbl 1 Ural weakened vs Brent Heavy crude oil continues to…
  5. Q1 2014 RESULTS – Bazan Group – slide 5
    Operating Environment Mediterranean Ural Cracking Margin Ural Med Margin, /Bbl 6 Mediterranean margin indexes Tight crude oil market is not matched 3 by oil product demand US product exports also competing for demand 0 European…
  6. Q1 2014 RESULTS – Bazan Group – slide 6
    Operating Environment Petrochemical Products Polymer Prices Above Naphtha, /Ton 1,000 Polyethylene Polypropylene Polymer Margins 900 Remained stable with slight upward trend 800 Higher margins than last year 700 600 12/12…
  7. Q1 2014 RESULTS – Bazan Group – slide 7
    Operating Environment Assessment of National Transportation Fuel Demand Local Consumption Transportation Fuel, KTon Local Consumption: Transport 1,523 1,606 +5% Fuel 680 734 While European transport fuel consumption generally…
  8. Q1 2014 RESULTS – Bazan Group – slide 8
    First Quarter 2014 Results ORL Refining Margin vs. Regional Benchmark (/bbl) 6.5 5.3 4.9 5.0 4.2 3.2 2.9 2.7 2.7 1.7 1.2 0.4 2010 2011 2012 2013 Q1 13 Q1 14 URAL (Reuters) ORL Margin Source: Reuters Note: Adjusted…
  9. Q1 2014 RESULTS – Bazan Group – slide 9
    First Quarter 2014 Results P&L Account ( millions) 1-3/2014 1-3/2013 Difference Revenues 2,248 2,333 (85) Cost of Sales 2,164 2,255 (91) Gross Income 84 78 6 Management and sales expenses (40) (40) - Early Retirement costs (2) -…
  10. Q1 2014 RESULTS – Bazan Group – slide 10
    First Quarter 2014 Results P&L Account According to Sectors ( millions) 1-3/2014 1-3/2013 Operating Income (loss) Reported Adjusted Reported Adjusted Refining 28 14 32 41 Polymers (CAOL) 12 12 2 2 Aromatics (Gadiv) 5 5 7 7 Lube-Oils…
  11. Q1 2014 RESULTS – Bazan Group – slide 11
    First Quarter 2014 Results Change in Adjusted Operating Income ( millions) ( 27) 3 ( 4) ( 2) 2 10 53 35 Operating Refining Polymers Aromatics Lubes&Waxes Trade Consolidation Operating Income Income Q1 13 Q1 14 11
  12. Q1 2014 RESULTS – Bazan Group – slide 12
    First Quarter 2014 Results Cash Flow ( millions) 2 6 ( 38) 90 ( 22) ( 271) 410 ( 30) ( 20) 288 78 83 Cash 1.1.14 Cash Working Bonds Iss ue Swa ps Retirem ent Bond Loa ns Short Term Inte res t Fixe d Asset Cash 3 1.3…
  13. Q1 2014 RESULTS – Bazan Group – slide 13
    First Quarter 2014 Results Balance Sheet ( millions) Current Assets 31.3.14 31.12.13 Current Liabilities 31.3.14 31.12.13 Cash 291 97 Financial Obligations 581 826 Account Receivable 621 901 Suppliers & Creditors 1,574 1,483 Inventory…
  14. Q1 2014 RESULTS – Bazan Group – slide 14
    Thank You 14

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