1 Cosmo Oil Co., Ltd. Presentation on Results for Third Quarter of Fiscal 2014 February 5, 2015 Senior Executive Officer Kenichi Taki http://www.cosmo-oil.co.jp
Business Environment 2 Crude oil prices : The pace of crude price decline accelerated as supply and demand conditions eased due to the shale gas revolution in the US and concern over economic downturns in Europe and emerging…
Review for 3Q FY2014 from April 1, 2014 to December 31, 2014 3 Review of each segment and key point Oil E&P business Worked on the development of the Hail Oil Field and the recovery in production in existing oil fields. Strengthened…
[ 3Q FY 2014 Results] Consolidated Income Statements Changes from 3Q FY2013 4 Unit: billion yen FY2014 FY2013 Changes (Apr.-Dec.2014) (Apr.-Dec.2013) Net sales 2,340.9 2,571.8 -230.9 Cost of sales 2,262.6 2,443.9 -181.3 Selling,…
[ 3Q FY 2014 Results] Consolidated Ordinary Income by Business Segment (Excluding impact of inventory valuation) 5 Unit: billion yen FY2014 FY2013 Changes (Apr.-Dec.2014) (Apr.-Dec.2013) Ordinary income excluding impact of…
[ 3Q FY 2014 Results]Consolidated Ordinary Income Excluding impact of inventory valuation - Analysis of Changes from 3Q FY2013 6 Key Petroleum Business Higher profit mainly due to an improvement in product margins and streamlining in…
[ 3Q FY 2014 Results] Outline of Consolidated Cash Flows and Consolidated Balance Sheet 7 Consolidated Cash Flows Unit: billion yen Result Change from FY13 (As of Dec.31,'14) (As of Mar. 31,'14) Cash flows from operating…
[ 3Q FY 2014 Results] Highlights of Consolidated Capital Investment 8 Capital Expenditures, Depreciation, etc. Capital Expenditures by Business Segment Unit: billion yen Unit: billion yen 3Q FY2014 Change from 3Q FY2014 3Q FY2013…
9 Forecast for FY 2014 Performance Copyright 2014 COSMO OIL CO.,LTD. All Rights Reserved.
FY 2014 Full-Year Earnings Forecast and FY 2015 Outlook 10 Earnings Forecast (Assumptions) The full-year earnings forecast has been revised for a significant increase in valuation loss 1 estimated around 110 billion on inventory…
[ FY2014 Outlook ] Highlights of Consolidated Business Outlook (Compared with Initial Forecast ) 11 Unit: billion yen FY2014 FY2014 Forecast Previous Changes announcement Ordinary income -57.0 57.0 -114.0 impact of inventory…
[ FY2014 Outlook ] - Consolidated Ordinary Income(Excluding Impact of Inventory Valuation): Comparison with Initial Forecast 12 Key Petroleum Business Higher profit mainly due to improvement in oil product margins and streamlining in…
13 Supplementary information p. 14 : [3Q FY2014 Results] Sales Volume p. 15 : Crude Oil Price and Processing Volume, CDU Operating Ratios, Crude Oil Production Volume p. 16 : Crude Reserves Estimates (Proved and Probable) p. 17 18 :…
[3Q FY2014 Results] Sales Volume 14 Unit: thousand KL FY2014 Full Year 3Q FY2014 3Q FY2014 3Q FY2013 FY2014 outlook Changes Result Changes changes from Results Results from 3Q FY2013 Forecast FY2013 Selling volume in Japan…
[3Q FY2014 Results] Crude Oil Price and Processing Volume, CDU Operating ratios, Crude Oil Production Volume 15 [1] Dubai Crude oil price,processing volume and CDU operating ratios 3Q FY2014 3Q FY2013 Changes from 3Q FY2013 Dubai…
Crude Reserves Estimate Proved and Probable 16 (As of Dec. 31, 2013) Crude Reserves Estimate (working interest base) (*1) mmbls Proved Reserves (*2) 107.0 Probable Reserves (*3) 98.9 Note: The reserves include reserves Total Proved and…
[3Q FY2014 Results] Results by Business Segment-Changes from 3Q FY2013 17 3Q FY 2014 Results Changes from FY 2013 Unit: billion yen Ordinary Income ( excluding impact of Net Sales Operating Income Ordinary Income inventory…
[ 3Q FY2014 Results] Historical Changes in the Number of Employees, Oil Storage Depots, SSs, Cards in Force and Number of contracted B-cle Lease 18 [1] Workforce size (Number of employees) FY2007 FY2008 FY2009 FY2010 FY2011 FY2012…
[ FY2014 Outlook] Forecast by Business Segment (Compared with Initial Forecast); Overview of Consolidated Capital Expenditures 19 Full-Year FY 2014 Outlook Changes from Initial Forecast Unit: billion yen Ordinary Income ( excluding…
[ FY2014 Outlook] Forecast by Business Segment (Compared with FY 2013); Crude Oil Price and Exchange Rate Assumptions and Business Sensitivity thereto 20 Full-Year FY 2014 Outlook Changes from FY 2013 Unit: billion yen Ordinary…
[ FY2014 Outlook ] - Consolidated Ordinary Income(Excluding Impact of Inventory Valuation) Comparison with FY 2013 and Analysis of Changes 21 Unit: billion yen -10.7 -12.1 +51.4 -1.3 Price/Volume -2.5 FX -4.8 Maintenance cost…
24 The 5th Consolidated Medium-Term Management Plan Solidify basics for growth and establish a firm business foundation for the Group during the five years Aim to become a vertically integrated global energy company over the long…
Aim to achieve profit targets in the final fiscal year by implementing initiatives as prescribed in the Medium-term Management Plan 25 Unitbillion yen Ordinary FY2013 FY2014 FY2015 FY2016 FY2017 income forecast…
[ Oil E&P Business] - Highlights 26 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 30-year…
[ Oil E&P Business ] - Become the pillar of vertically integrated global energy companies…
[ Oil E&P Business ] - Enhancement of alliance with CEPSA Press Release (6th Nov, 2014) 28 Cosmo aims to reinforce and expand the strategic partnership with CEPSA by transferring part of shares of newly established upstream subsidiary…
[ Oil E & P Business ] Transaction Structure 29 Cosmo 100% Cosmo Energy CEPSA (Transferor Company) 20% 80% 75% 45% 53% Cosmo Abu Dhabi Cosmo Oil (Newly established QPD UPD Company) Ashmore 64.1% ADOC…
[ Petroleum Business ] - Refinery operations, Outlook 30 Stable operations in 3Q FY2014 as per the initial plan, including regular FY2017 maintenances at Chiba refinery Ordinary income Aim at obtaining plant certification for Chiba…
[Petroleum Business] Joint Project with Kyokuto Petroleum Industries, Ltd. (Conclusion of Basic Contract) 31 Concluded a basic contract on a joint project and established Keiyo Seisei JV G.K. in January 2015. Reached a formal…
[ Petroleum business] Strengthen the Retail Business 32 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] Agreement Concluded on Integration of LP Gas Import and Wholesale Operations 33 * Press release :as of August 5 ,2014 Purpose of business integration The LP gas import and wholesale operations (LP gas…
[ Petroleum Petroleum business] business Agreement Concluded on Integration of LP Gas Retail Operations Agreement Concluded on Integration of LP Gas Import and Wholesale Operations 34 * Press release :as of August 5 ,2014 Purpose of…
[ Petrochemical business ] - Overview 35 Break into the MX and PX businesses as measures in response to declining demand for FY2017 gasoline in Japan, accelerating a shift toward the petrochemical business; a shift from Ordinary…
[ Renewable Energy ] The Wind Power Generation Business 36 Major improvement in the profitability of the wind power generation business as FY2017 a result of the introduction of the Japan's feed-in tariff (FIT) scheme Ordinary income…
[ Initiating Preparation for Transformation to a Holding Company ] * Press release :as of February 5 ,2015 37 Initiating preparation for transformation to a holding company planned tentatively for October, 2015. For Cosmo Group to…
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