1 Cosmo Energy Holdings Co., Ltd. Presentation on Results for Third Quarter of Fiscal 2015 February 9, 2016 Senior Executive Officer Kenichi Taki
[Review for 3Q FY2015(from April 1, 2015 to December 31,2015)] 3 Review for Each Business and Key Points of the Financial Results ( Petroleum business ) Ordinary income decreased 5.2 billion yen year on year, primarily due to…
[3Q FY2015 Results] Consolidated Income Statements Changes from 3Q FY2014 4 Unit: billion yen FY2015 FY2014 Changes (Apr.-Dec.2015) (Apr.-Dec.2014) Net sales 1,731.5 2,340.9 -609.4 Cost of sales 1,662.7 2,262.6 -599.9 Selling,…
[3Q FY2015 Results] Consolidated Ordinary Income excluding impact of inventory valuation by Business Segment 5 Unit: billion yen FY2015 FY2014 Changes (Apr.-Dec.2015) (Apr.-Dec.2014) Ordinary income excluding 14.1 36.5 -22.4…
[3Q FY2015 Results] Consolidated Ordinary Income (Excluding impact of inventory valuation) Analysis of Changes from 3Q FY2014 6 Petroleum business : Lower earnings mainly due to deteriorated market conditions associated with Key…
[3Q FY2015 Results] - Outline of Consolidated Balance Sheet 7 Consolidated Balance Sheets Unit: billion yen FY2015 FY2014 Changes (As of Dec. 31, '15) (As of Mar. 31, '15) Total Assets 1,372.1 1,428.6 -56.5 Net assets 157.8 207.5…
[3Q FY2015 Results] Highlights of Consolidated Capital Investment 8 Capital Expenditures, Depreciation, etc. Capital Expenditures by Business Segment Unit: billion yen Unit: billion yen 3Q FY2015 Change from 3Q FY2015 3Q FY2014…
9 Forecast for FY2015 Performance
Revision of Full-Year Earnings Forecast for FY2015 10 Earnings forecast The full-year results forecast has been revised in anticipation of a for full-year 57.0 billion yen loss on valuation of inventories, based on the assumption of…
[ FY2015 Outlook ] Highlights of Consolidated Business Outlook (Compared with Previous announcement) 11 Unit: billion yen FY2015 FY2015 Forecast Previous Changes Annnoucemnet Ordinary income -29.5 26.0 -55.5 impact of inventory…
[ FY2015 Outlook ] - Consolidated Ordinary Income(Excluding Impact of Inventory Valuation): Comparison with Previous announcement 12 Key Petroleum Business : Higher earnings mainly due to a decline in refinery costs associated with…
13 The 5th Consolidated Medium-Term Management Plan and Progress
Priority Measures in the 5th Consolidated Medium-Term Management Plan 14
[Petroleum Business] Acquisition of factory certification for Chiba Refinery 15 Aim to acquire factory certification sometime in April 2016. Start a 2-year long run from FY2016. Refinery costs is expected to decrease significantly…
[Petrochemical Business] Making Maruzen Petrochemical a consolidated subsidiary 16 Strengthen competitiveness by running the oil refinery business and the petrochemical business in a unified manner. Overview of Maruzen Petrochemical…
Supplementary Information 17 P.19 [ 3Q FY2015 Results / FY 2015 Forecast ]Sales Volume P.20 Dubai Crude Oil Price and Processing Volume, CDU Operating Ratios and Crude Oil Production Volume P.21 Crude Reserves Estimate (Proven and…
18 Supplementary Information of 3Q FY2015 Results
[3Q FY2015 Results / FY2015 Forecast] Sales volume 19 Unit: thousand KL 3QFY2015 Result FY2015 outlook FY2015 outlook 3Q FY2015 3Q FY2014 FY2015 Changes Changes from changes from (Previous Results Results 3Q FY2014 Forecast…
[3Q FY2015 Results] Dubai Crude Oil Price and Processing Volume, CDU Operating Ratios, Crude Oil Production Volume 20 [1] Dubai Crude oil price,processing volume and CDU operating ratios 3Q FY2015 3Q FY2014 Changes from 3Q FY2014…
Crude Reserves Estimate (Proved and Probable) 21 (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…
[3Q FY2015 Results] Results by Business Segment Changes from 3Q FY2014 22 3Q FY2015 Results Changes from 3Q FY2014 Unit: billion yen Ordinary Income ( excluding impact of Net Sales Operating Income Ordinary Income inventory…
[3Q FY2015 Results] Historical Changes in Operating Ratio of Refineries, SSs, Cards in Force and Auto Lease 23 [1] Oil Refinery Operating Ratio FY2010 FY2011 FY2012 FY2013 FY2014 3Q FY2015 CDU operating ratio 78.8% 51.4% 55.6% 70.0%…
FY2015 Full-Year Forecast (Year on Year) 24 Unit: billion yen FY2015 FY2014 Changes Forecast Results Ordinary income -29.5 -49.6 20.1 impact of inventory valuation -57.0 -116.1 59.1 Ordinary income excluding impact of inventory…
FY2015 Full-Year Forecast Analysis of Changes in Consolidated Ordinary Income (excluding impact of inventory valuation) from FY2014 25 Petroleum Business : Lower profit mainly due to deteriorated market conditions associated with…
[FY2015 Outlook] Outlook by Business Segment Changes from previous announcement and Highlights of Consolidated Capital Investment 26 FY2015 Outlook Changes from Previous announcement Unit: billion yen Ordinary Income ( excluding…
[FY2015 Outlook] Outlook by Business Segment, Assumption of Crude Oil Price and Exchange Rate, and Business Sensitivity thereto 27 Full-Year FY2015 Outlook, 2014 with Year-on-Year Changes Unit: billion yen Ordinary Income ( excluding…
Diesel Fuel Export Results and Margin Environment 28
Birth of Cosmo Energy Holdings 31 Achieving sustainable growth and maximizing corporate value by responding to changes in the business environment and transforming the business portfolio with a clear vision of future growth business.…
Holding Company Structure 32 Oil product sales, Oil development/Production Oil refining/Petrochemical Retail business, etc. Group of affiliated companies Crude production Major crude oil importing countries Domestic sales share…
Change in the Governing Form 33 Aim to enhance corporate value in the medium- and long-term by complying with Japan's Corporate Governance Code. We will separate the monitoring of the Group's management from business execution to…
Officer Remuneration System 34 Viewing the transformation to a holding company as an opportunity to introduce Executives Stock Remuneration System, which is an executives remuneration system that further clarifies the connection…
35 Business outline
[ Oil E&P Business ] - Highlights 36 Realized low-risk, low-cost development based on a relationship of mutual trust with Middle Eastern oil-producing countries as an operator delivering long-term, stable production Obtained a…
[ Oil E&P Business ] - Become the pillar of vertically integrated global energy companies…
[ Oil E&P Business ] - Progress in the Development of the Hail Oil Field 38 Hail oil field and existing shipping terminal (Mubarraz Island) The commencement of production is expected in FY2016 Mubarraz The peak production volume…
[ Oil E&P Business ] - Enhancement of alliance with CEPSA 39 Cosmo aims to reinforce and expand the strategic partnership with CEPSA by transferring part of shares of newly established upstream subsidiary Cosmo Abu Dhabi Energy…
[ Oil E & P Business ] Transaction Structure 40 Cosmo Energy Holdings 100% CEPSA Cosmo Energy 20% 80% 75% 45% 53% Cosmo Oil Cosmo Abu Dhabi QPD UPD Ashmore 64.1% ADOC
[Petroleum Business]- Correspondence to the Act on Sophisticated Methods of Energy Supply Structures and the supply-demand balance 41 With the enforcement of the Act on Sophisticated Methods of Energy Supply Structures (deadline of…
[Petroleum business] - Strengthening the Competitiveness of Our Refineries 42 Promoted rationalization and efficiency, including alliances in each region. Aim to acquire factory certification for Chiba Refinery in April 2016. Have…
[Petroleum Business] Joint Project with TonenGeneral Sekiyu K. K.(Conclusion of Basic Contract) 43 Put both companies refineries under integrated management to streamline and increase efficiency of the Refinery Business. Establish a…
[ Petroleum business] Strengthen the Retail Business 44 Utilize the infrastructure for retaining existing customers and gaining new customers as a platform. Aim at strengthening SS profitability by converting to car life value…
[ Petroleum business ] - Integration of LP Gas Import and Wholesale Operations 45 Press release :as of August 5 ,2014 Purpose of business integration The LP gas import and wholesale operations (LP gas import/procurement, shipping…
[ Petrochemical business ] - Overview 46 Break into the MX and PX businesses as measures in response to declining demand for gasoline in Japan, accelerating a shift toward the petrochemical business; a shift from fuel to raw materials…
[Petrochemical Business] Capital Relationship with Industrial Complex of Maruzen Petrochemical 47 Maruzen Petrochemical received investments from both the Cosmo Energy Group, which supplies raw materials, and users, who receive the…
[ Renewable Energy ] The Wind Power Generation Business 48 Major improvement in the profitability of the wind power generation business as a result of the introduction of the Japan's feed-in tariff (FIT) scheme Profitability of the…
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