1 Cosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2015 August 4, 2015 Senior Executive Officer Kenichi Taki
2 Results for First Quarter of Fiscal 2015 Copyright COSMO OIL CO.,LTD. All Rights Reserved.
[Outline of 1Q FY2015 Results] 3 Review for Each Business and Key Points of the Financial Results (Petroleum business) Income in this segment rose by 9.9 billion year-on-year, driven by efforts to achieve a safe level of operation…
[1Q FY2015 Results] Consolidated Income Statements Changes from 1Q FY2014 4 Unit: billion yen FY2015 FY2014 Changes (Apr.-Jun.2015) (Apr.-Jun.2014) Net sales 595.4 744.4 -149.0 Cost of sales 543.6 708.5 -164.9 Selling, general…
[1Q FY2015 Results] Consolidated Ordinary Income excluding impact of inventory valuation by Business Segment 5 Unit: billion yen FY2015 FY2014 Changes (Apr.-Jun.2015) (Apr.-Jun.2014) Ordinary income excluding impact of inventory…
[1Q FY2015 Results] Consolidated Ordinary Income (Excluding impact of inventory valuation ) Analysis of Changes from 1Q FY2014 6 Petroleum Business Higher earnings with a safe level of operation and stable supply at our refineries and…
[1Q FY2015 Results] Outline of Consolidated Balance Sheets 7 An increase in net assets due to higher earnings helped to improve the net worth ratio. The granting of a hybrid loan helped to reduce the debt equity ratio on ratings.…
[1Q FY2015 Results] Highlights of Consolidated Capital Investment 8 Capital Expenditures, Depreciation, etc. Capital Expenditures by Business Segment Unit: billion yen Unit: billion yen 1Q FY2015 Change from 1Q FY2015 1QFY2014…
9 Supplementary Information P.10 [1Q FY2015 Results / FY2015 Forecast] Sales volume [1Q FY2015 Results] Dubai Crude Oil Price and Processing Volume, CDU Operating P.11 Ratios, Crude Oil Production Volume P.12 Crude Reserves Estimate…
[1Q FY2015 Results / FY2015 Forecast] Sales volume 10 Unit: thousand KL FY2015 Full Year 1QFY2015 Result 1Q FY2015 1Q FY2014 FY2015 outlook Changes Changes from 1Q changes from Results Results FY2014 Forecast FY2014 Selling…
[1Q FY2015 Results] Dubai Crude Oil Price and Processing Volume, CDU Operating Ratios, Crude Oil Production Volume 11 [1] Dubai Crude oil price,processing volume and CDU operating ratios 1Q FY2015 1Q FY2014 Changes from 1Q FY2014…
Crude Reserves Estimate (Proved and Probable) 12 (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…
[1Q FY2015 Results] Results by Business Segment Changes from 1Q FY2014 13 1Q FY2015 Results Changes from 1Q FY2014 Unit: billion yen Ordinary Income ( excluding impact of Net Sales Operating Income Ordinary Income inventory…
[1Q FY2015 Results] Historical Changes in the Number of Employees, Oil Storage Depots, SSs , Cards in Force and Number of contracted Auto lease 14 [1] Workforce size (Number of employees) FY2010 FY2011 FY2012 FY2013 FY2014 1QFY2015…
19 Strengthening the Competitiveness of Our Refineries Copyright COSMO OIL CO.,LTD. All Rights Reserved.
Correspondence to the Act on Sophisticated Methods of Energy Supply Structures 20 With the enforcement of the Act on Sophisticated Methods of Energy Supply Structures (deadline of March 2014), domestic refining capacity decreases and…
Strengthening the Competitiveness of Our Refineries 21 Promoted rationalization and efficiency, including alliances in each region. Steadily strengthened the competitiveness of our refineries. Have already determined the policies for…
22 The 5th Consolidated Medium-Term Management Plan and Progress Copyright COSMO OIL CO.,LTD. All Rights Reserved.
Progress of Priority Measures in the 5th Consolidated Medium-Term Management Plan 23 Unit: billion yen Ordinary FY2013 FY2014 FY2015 FY2016 FY2017 income forecast Resolution at annual Transformation to a holding company and a…
24 Transformation to a Holding Company Copyright COSMO OIL CO.,LTD. All Rights Reserved.
Background and Objective of the Transformation to a Holding Company 25 Provision of stable dividend, optimal distribution of management resources, flexible, prompt implementation of alliance strategies (collaborations, joint projects,…
Change in the Governing Form 26 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 27 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…
28 Forecast for FY2015 Performance May 13, 2015 announcement Copyright COSMO OIL CO.,LTD. All Rights Reserved.
FY2015 Forecast 29 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 30 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 31 Petroleum Business : Secure appropriate margins, but partially cancelled out by resolution of time lag,…
[FY2015 Forecast] Forecast by Business Segment, Assumption of Crude Oil Price and Exchange Rate, and Business Sensitivity 32 Full-Year FY 2015 Outlook Changes from FY 2014 Unit: billion yen Ordinary Income ( excluding impact of…
[FY2015 Forecast] Outline of Consolidated Capital Expenditure 33 To be implemented in line with the investment plan under the Consolidated Medium-Term Management Plan. Petroleum Business: Installation of pipelines, reinforcement…
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