Sinopec Corp Corp. 2010 Interim Results Presentation August 23, 2010 Hong Kong
Di l i Disclaimer This presentation and the presentation materials distributed herein include forward- looking statements. All statements, other than statements of historical facts, that address activities, events or developments…
A Agenda d 1H 2010 Performance Highlights 1H 2010 Operating Results 2H 2010 Outlook 2010-08-23 2
1H 2010 P Performance f Hi Highlights hli ht
R i Review off Market M k tE Environment i t Chinas economy achieved rapid growth with GDP increasing 11.1% Government adjusted the onshore wellhead benchmark natural gas price and launched a pilot reform of the oil & gas…
P fit bilit Profitability RMB million 1H 2009 1H 2010 Change % Turnover and other operating revenues 534,025 936,523 75.4 EBITDA 70,766 76,575 8.2 EBIT 46,182 49,775 7.8 E&P 5 501 5,501 21 989 21,989 299 7 299.7 Refining…
Fi Financial i l Position P iti RMB million 1H 2009 1H 2010 Net cash generated from operating activities 79,079 47,555 Net cash used in investing activities (44,734) (39,160) Net cash used in financing activities (33,753)…
C it l Expenditure Capital E dit E&P: RMB15 E&P RMB15.348 348 billion billion, mainly mainl for oil RMB Million and gas exploration and capacity addition. 120,000 112,000 Refining: RMB 4.875 billion, mainly for upgrading…
R t Return and d Dividend Di id d ROCE Dividend Per Share RMB 15% 0.20 11.13% 0.15 10% 0.11 6.39% 0.10 6.04% 5.15% 0.09 5% 0.05 0.08 0.07 1.24% 0.03 0% 0.00 2008 2009 2010 2008 2009 1H 2010 Full Year First Half…
1H 2010 O Operating ti R Results lt
E&PO E&POperating ti Summary S 1H 2009 1H 2010 Change % Crude oil production (mm bbls) 149.12 149.19 0.05 Natural g gas production p (bcf) ( ) 142.51 200.55 40.7 Lifting cost (RMB/tonne) 609 623 2.4 Newly added proved reserves…
E&P S Segmentt P Performance f Crude Oil and Natural Gas Realized prices EBIT of E&P Segment Crude Oil Natural Gas RMB/tonne RMB/000 cubic meter RMB million 5,000 1,200 25,000 1,059 21,989 961 , 1,000 4 000 4,000 20 000…
R fi i O RefiningOperating ti Summary S 1H 2009 1H 2010 Change % Refinery throughput (mm tonnes) 86.90 101.45 16.7 Gasoline production (mm tonnes) 16.99 17.77 4.6 Diesel production (mm tonnes) 32.40 36.72 13.3 Kerosene…
R fi i Segment Refining S t Performance P f Refining R fi i Margin M i / Cash C h EBIT of Refining Segment Operating Cost Refining Margin Cash Operating Cost (RMB/tonne) (RMB/tonne) RMB million 600 131 132 150 25,000 500 100…
M k ti O MarketingOperating ti Summary S 1H 2009 1H 2010 Change % Domestic sales of refined oil products 57.71 68.15 18.1 (mm tonnes) Incl. Retail (mm tonnes) 37.43 41.70 11.4 Distribution (mm tonnes) 11.44 15.70 37.2 Wh l…
P Promoted t d Non-Fuel N F l Business B i EASY JOY St Store T Turnover off Non-fuel N f l Business B i Unit Million RMB 16,000 3,500 14,500 3,010 3,000 12,000 2,600 12 000 12,000 2,500 2,000 8,000 1,500 5,296…
R f Reform off F Fuell Oil Business B i Sales Volume of Fuel Oil Fuel Oil Sales Company set up Million tonnes 14 Integrated the value chain, 12.15 12 consolidated fuel oil sales and enhanced e a ced market a et st strength…
M k ti S Marketing Segmentt P Performance f Maximum retail price of RON 90 gasoline and 0 diesel EBIT of Marketing Segment RMB million RMB/Tonne USD/bbl 16 000 16,000 14 450 14,450 9000 110 14,000 12,508 100 8000 12,000…
Ch i l O ChemicalsOperating ti Summary S Production volume (1,000 tonnes) 1H 2009 1H 2010 Change % Ethylene 2,973 4,202 41.3 Synthetic resin 4,738 6,088 28.5 Monomers & polymers for synthetic fiber 3,721 4,275 14.9 Synthetic…
Ch i l Segment Chemicals S t Performance P f Chemicals Price Spread EBIT of Chemicals Segment (2005 Jul. 2010) USD/tonne RMB million 1200 12,000 1000 9,761 10,000 8 344 8,344 800 8,000 600 6,000 400 4,000 200 2,000 0…
2H 2010 Outlook
M k tE Market Environment i t ffor 2H 2010 Chinas economy is expected to maintain its growth momentum State policies aiming at domestic demand expansion, economic restructuring t t i and d growth th mode d transformation t f…
2H 2010 O Operating ti O Outlook tl k 2H 2010 E FY 2010 E Crude oil production (mm tonnes) 21.54 42.55 Natural gas production (bcm) 6.32 12.00 Refinery throughput (mm tonnes) 102 00 102.00 203 45 203.45 Total domestic sales…
F Further For F th Information I f ti http://www.sinopec.com Investor Inquiries Media Inquires Beijing: Tel: (8610) 59960028 Fax: (8610) 59960386 Tel: (8610) 59960028 E il irsinopec.com Email: i i Fax: (8610) 59960386 Hong…
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