Cosmo Energy Holdings Co., Ltd. Third Quarter of Fiscal 2020 February 10, 2021
Contents Influence of the COVID-19 Pandemic Circumstances Surrounding Wind Power Generation Business and the Companys Progress 3Q FY2020 Results Forecast for FY2020 Performance Reference Materials (Supplementary Information on…
Influence of the COVID-19 Pandemic
Influence of the COVID-19 Pandemic Influence on Business Continuity and Operations The COVID-19 pandemic is expected to continue to have a long-lasting influence, leading the Company to stringently manage the crisis in accordance with…
Circumstances Surrounding Wind Power Generation Business and the Companys Progress
Circumstances Surrounding the Wind Power Generation Business The Japanese government formulated a Green Growth Strategy towards Carbon Neutrality in 2050. Decarbonization in the electric power sector is a prerequisite and renewable…
The Companys Wind Power Generation Projects Five projects are under construction, one is under development and several offshore projects are being investigated and considered. Onshore Status Name FY2021 FY2022 To Long- Facility…
Progress of Projects under Construction One offshore and four onshore wind power generation projects are currently under construction. COVID-19 has not delayed the start of operations or impacted them in other ways. Projects in…
3Q FY2020 Results
3Q FY2020 Review Consolidated ordinary profit excluding inventory impact was 41.9 billion (down 16.8 billion year on year), the inventory valuation impact was - 7.4 billion. Consequently, consolidated ordinary profit stood at 34.5…
[3Q FY2020 Results] Consolidated Income Statements Changes from 3Q FY2019 Unit: billion yen Unit: billion yen FY2020 FY2019 Forecast No. Item Changes (Apr.-Dec.2020) (Apr.-Dec.2019) FY2020 1 Net sales 1,570.6 2,038.1 -467.5 2,240.0…
[3Q FY2020 Results] Outline of Consolidated Ordinary Profit by business segment Changes from 3Q FY2019 Unit : billion yen FY2020 FY2019 Changes Apr.-Dec.2020 Apr.-Dec.2019 Ordinary profit Ordinary profit Ordinary profit No…
[3Q FY2020 Results] Consolidated Ordinary Profit (Excluding the impact of inventory valuation) - Analysis of Changes from 3Q FY2019 Margins & Sales volume + 13.8 Expense,Other + 6.6 (Including influence of the COVID-19 Pandemic…
[3Q FY2020 Results ]Outline of Consolidated Balance Sheet Consolidated Balance Sheets Unit: billion yen FY2020 FY2019 No Changes (As of Dec.31, '20) (As of Mar. 31, '20) 1 Total Assets 1,672.5 1,639.8 32.7 2 Net assets 370.2…
[3Q FY2020 Results] Highlights of Consolidated Capital Expenditures Capital Expenditures, Depreciation, etc. Capital Expenditures by Business Segment Unit: billion yen Unit: billion yen 3Q FY2020 Change from 3Q FY2020 3Q FY2019 No.…
Forecast for FY2020 Performance
Revisions to the forecast Earnings are expected to be far higher than the previously announced forecast, mainly in the petroleum business due to the improvement of petroleum product margins. The full-year earnings forecast has been…
[FY2020 Full-Year Forecast] Consolidated Ordinary Profit (Excluding the impact of inventory valuation) Analysis of Changes from the Previous Announcement Price + 3.1 Price + 1.1 Volume + 0.6 Volume + 0.7 Expense,Other + 0.3…
[FY2020 Forecast] Outline of Consolidated Capital Expenditures of Changes from the Previous Announcement Capital Expenditures, Depreciation, etc. Capital Expenditures by Business Segment Unit: billion yen Unit: billion yen FY2020…
Supplementary Information P.21-29 [3Q FY2020 Results] Supplementary Information - Sales Volume, CDU Operating Ratios - Crude Oil Production Volume, Crude Reserves Estimate (Proved and Probable) - Results by Business Segment - Changes…
Supplementary Information of 3Q FY2020 Results
[3Q FY2020 Results ] Sales Volume, CDU Operating Ratios Unit: thousand KL FY2020 3Q FY2020 3Q FY2019 FY2020 forecast No. Changes changes from Results Results Forecast FY2019 1 Selling volume in Japan Gasoline 5,026 4,648 108.1%…
[3Q FY2020 Results] Crude Oil Production Volume, Crude Reserves Estimate (Proved and Probable) [1] Crude oil production volume 3Q FY2020 3Q FY2019 Changes Results Results Cosmo Energy Exploration & Production Co., Ltd. (B/D) 49,792…
[3Q FY2020 Results] Results by Business Segment Changes from 3Q FY2019 3Q FY2020 Results Changes from 3Q FY2019 Unit: billion yen Ordinary Profit Net Sales Operating Profit Ordinary Profit ( excluding the impact of No. inventory…
[3Q FY2020 Results] Main data of each business 1. Petroleum business (1) Refinery Operating Ratio FY2015 FY2016 FY2017 FY2018 FY2019 3Q FY2020 CDU operating ratio(Calender Day basis)*1 83.2% 88.3% 94.1% 86.1% 87.9% 80.4% (2) Number…
Historical Changes in Dubai Crude Oil Price /B Dubai Crude Oil AverageJan.-Dec.) AverageApr.-Mar.) 80 Jan- Dec 2018 average Apr 2018-Mar 2019 average Jan- Dec 2019 average 60 Apr 2017-Mar 2018 average Apr 2019- Mar 2020…
Market Conditions for Benzene Products 600 [/ton] BzNaphtha Spread 500 400 300 200 100 0 -100 FY2016 FY2017 FY2018 FY2019 FY2020 (*) Horizontal line indicates the average of each calendar…
Market Conditions for Aromatic Products 800 Naphtha Spread [/ton] 700 600 500 400 300 200 100 FY2016 FY2017 FY2018 FY2019 FY2020 (*) Horizontal line indicates the average of each calendar…
Forecast for FY2020 Performance (Change from FY2019)
[ FY2020 Forecast ] Highlights of Consolidated Business Outlook (Changes from FY2019) Precondition Unit : billion yen FY2020 Forecast FY2019 Results Changes No. Ordinary profit Ordinary profit Ordinary profit Ordinary profit exc. the…
[FY2020 Forecast] Outline of Consolidated Capital Expenditures Capital Expenditures. Depreciation, etc. Capital Expenditures by Business Segment Unit: billion yen Unit: billion yen FY2019 FY2019 FY2020 FY2020 No. No. Changes…
[FY2020 Forecast] Outlook by Business Segment, Changes from FY2019 FY2020 Forecast Changes from FY2019 Unit: billion yen Ordinary Profit Net Sales Operating Profit Ordinary Profit ( excluding the impact of No. inventory…
Business Outline
Cosmo Energy Group Business Overview Petrochemical business Other *2 Each segment Oil E&P business Petroleum business Total Wind Power Generation Net sales* 1 60.0billion yen 2,071.0billion yen 285.0billion yen -176.0billion yen…
[Oil E&P Business] Overview: High Competitiveness Due to Operatorship Based on a strong relationship of trust with Emirate of Abu Dhabi in the Middle East developed almost five decades, we have achieved low-risk, low-cost…
[Oil E&P Business] Cosmo Energy Groups Strengths Risk Tolerance : Low oil price risk, exploration risk, funding risk Growth Strategy (Production Increase) : The Hail Oil Field development, Consideration of joint development with…
[Oil E&P Business] Growth Strategy The Hail Oil Field started production in November 2017. (interest period through year 2042 The Hail Oil Filed investment has been curbed with the shared use of existing oil processing, storage and…
[Oil E&P Business] A Successful Bid for Offshore Exploration Block 4 In the Abu Dhabi 2019 Block Bid Round in the United Arab Emirates, the Company won a bid for Offshore Exploration Block 4 (the Block). Recently established Cosmo E&P…
[Petroleum Business] - Strengthening competitiveness through an alliance with Kygnus Sekiyu K.K. Conclude a capital and business alliance with Kygnus Sekiyu K.K. and acquired 20% of common shares. Begin supplying petroleum products to…
[Petroleum Business] IMO(International Maritime Organization)Regulations International Maritime Organization (IMO) is to strengthen its regulation in 2020 by setting the upper limit of sulfur content from 3.5% down to 0.5 and the…
[Petroleum Business] Strengthening the Retail Business (Individual Car Leasing Business) Low-risk Business Model that Takes Advantage of Strengths of SS Market : Enter the niche market of auto-leases for individuals that leasing…
[Petrochemical Business] Targeting Ethylene and Para-xylene Markets in Which Growing Demand is Expected - High Capacity Utilization of Competitive Equipment Expected global demand for petrochemical products Source: Global Demand…
[Wind power generation Business ] Achieving Stable Earnings in a Market Where Demand Is Expected to Expand, Using the FIT Scheme Changes in wind power generation capacity Overview of Cosmo Eco Power Capital : 7.1 billion yen Number…
Circumstances Surrounding the Wind Power Generation Business The Japanese government formulated a Green Growth Strategy towards Carbon Neutrality in 2050. Decarbonization in the electric power sector is a prerequisite and renewable…
The Companys Wind Power Generation Projects Five projects are under construction, one is under development and several offshore projects are being investigated and considered. FY2021 To Long- Status Name FY2022 Facility capacity…
Overview of Subordinated Loan(Announced on March 31,2020) Item Overview Financing amount 30 billion Loan agreement date March 26, 2020 Drawdown date March 31, 2020 Use of loan proceeds Early repayment of an existing subordinated…
Overview of Convertible Bonds due 2022 (being bonds with stock acquision rights) (Announced on December 20,2018) Item Overview The 60,000,000,000 Zero Coupon Convertible Bonds due 2022 Title (being bonds with stock acquisition…
Through financing by issuing convertible bonds, planning to further strengthen the companys financial base for the Next Medium-Term Management Plan and thereafter Secure funds for investment and loans to strengthen the New part of the…
Cash Flow Management 1. The conventional policy will not change for the cash balance for the entire period of medium- term management plan. 2. Therefore, the issuing of convertible bonds this time means a change in financing method…
Disclaimer FORWARD-LOOKING STATEMENTS Certain statements made and information contained herein constitute forward-looking information (within the meaning of applicable Japanese securities legislation). Such statements and information…
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