H Operational and Financial Results. 15 August 2017
|
|
- Gwenda Mills
- 5 years ago
- Views:
Transcription
1 H Operational and Financial Results 15 August 2017
2 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this presentation, or by reading these presentation slides, you agree to be bound by the limitations set out below. This presentation does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of, or be relied on in connection with, any contract or investment decision relating thereto. No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. The Company accepts no responsibility for any losses howsoever arising, directly or indirectly, from this presentation or its contents. The material contained in this presentation is presented solely for information purposes and is not to be construed as providing investment advice. As such, it has no regard to the specific investment objectives, financial situation or particular needs of any recipient. There may be material variances between estimated data set forth in this presentation and actual results, and between the data set forth in this presentation and corresponding data previously published by or on behalf of the Company. This presentation contains forward-looking statements, including (without limitation) statements containing the words "anticipates," "expects," "intends," "may," "plans," forecasts, "projects," "will," "would", "targets, believes and similar words. These statements are based on the current expectations and projections of the Company about future events and are subject to change without notice. All statements, other than statements of historical fact, contained herein are forward-looking statements. Forward-looking statements are subject to inherent risks and uncertainties, such that future events and actual results may differ materially from those set forth in, contemplated by or underlying such forward-looking statements. The Company may not actually achieve or realize its plans, intentions or expectations. There can be no assurance that the Company's actual results will not differ materially from the expectations set forth in such forward-looking statements. Factors that could cause actual results to differ from such expectations include, but are not limited to, the state of the global economy, the ability of the petrochemical sector to maintain levels of growth and development, risks related to petrochemical prices and regional political and security concerns. The above is not an exhaustive list of the factors that could cause actual results to differ materially from the expectations set forth in such forward-looking statements. The Company and its Affiliates are under no obligation to update the information, opinions or forward-looking statements in this presentation. 2
3 OPERATIONAL & FINANCIAL HIGHLIGHTS H Operational Results APG processing volumes flat y-o-y at 10.9 bcm (1) Natural gas production flat y-o-y at 9.5 bcm (1) Raw NGL fractionation volumes increased by 7.7% y-o-y to 3.5 mt LPG production volumes increased by 6.4% y-o-y to 3.0 mt PP production increased by 11.3% y-o-y to 335 kt PE production increased by 9.4% y-o-y to 138 kt Elastomers production increased by 11.3% y-o-y to 243 kt Financial Results Revenue reached RR bln, an increase of 8.1% y-o-y EBITDA reached RR 75.2 bln, an increase of 15.0% y-o-y, EBITDA margin at 35.5% Adj. EBITDA reached RR 78.9 bln (2), Share of JV EBITDA at RR 3.8 bln Net Debt to EBITDA at 1.7x as of 30 Jun 17 Corporate Sale of Uralorgsintez for RR 22 bln ZapSib financing totaled RR 38.8 bln (net of VAT) Overall completion at 56% as of 31 Jul 17 (1) Including Gazprom Neft s share in the processing / production volumes of Yuzhno-Priobskiy GPP. (2) EBITDA including the Group s portion in joint ventures and associates EBITDA 3
4 ZAPSIB PROGRESS UPDATE Progress Update as of 31 July 2017, % Detail Engineering Procurement Construction Project Residual Budget for H (1) 41% $ 33% 26% Project Budget $ 5.2 bln 64% 8% 28% Funding Sources SIBUR own funds NWF and RDIF (2) ECA (3) Recent Milestones Overall execution progress as of 31 Jul 17: 56% vs. 47% as of 30 Apr 17 Overall progress by major units as of 31 Jul 17: Steam cracker 59% PE unit 50% PP unit 52% More than 13,000 construction workers at the site in Jul 17 First deliveries of heavy lift equipment for ethylene cracker and PE unit arrived at Tobolsk port Remaining batch of equipment is on the way on schedule and will be delivered within tight summer-autumn navigation season Significant part of foundations laid Underground pipe laying and works on concrete above the ground level at advanced stage Financing for the project in H1 17 totaled RR 38.8 bln (excl. VAT) The overall progress advanced 53% vs 38% in H1 17 RR 231 bln (excl. VAT) invested as of 30 Jun 17 since the project launch Please follow the link for the video of the construction site: (1) Data as of 30 June Numbers and respective percentages calculated based on exchange rates as of 30 June 2017; RR/USD at 59.1, RR/EUR at (2) Cash balances as of 30 June NWF stands for National Wealth Fund. RDIF stands for Russian Direct Investment Fund. (3) Undrawn amount of ECA (Export Credit Agency). 4
5 MACRO ENVIRONMENT Average Oil Price (Brent) (1) Russian GDP (2) CPI & PPI (y-o-y) (2) USD % % 2016/ /2016 (0.5%) 7.5% 4.4% 5.7% 2.9% CPI PPI Average Exchange Rate (3) RR / USD 70.3 (17.5%) 58.0 EOP Exchange Rate (3) RR / USD (11.8%) (2.6%) Indexation Rate Tariffs Indexation Effective Date 6% Jan 2017 Description Railway Transportation Tariff 9% Jan 2016 Railway Transportation Tariff 31 Dec'15 30 Jun'16 31 Dec'16 30 Jun'17 (1) Bloomberg (2) Russian Federal State Statistics Service (3) CBR 5
6 EBITDA STRUCTURE EVOLUTION AGAINST MOVEMENTS IN OIL Brent (USD/bbl) (47%) SIBUR EBITDA (USD mln) F&E EBITDA O&P EBITDA PE&I EBITDA Unallocated 2, ,053 (17%) 2, (17%) +14% (6%) +18% 2, , , , H LTM SIBUR EBITDA margin 28.5% 35.7% 33.9% 34.9% F&E 34.7% 35.1% 30.9% 34.5% O&P 21.3% 38.8% 45.5% 42.9% PE&I 14.1% 26.4% 23.8% 22.3% Volumes, 000 tonnes Raw NGL fractionation 5,788 6,573 7,246 7,500 % growth 14% 10% 3% Gross petchem production 6,798 7,615 8,111 8,305 % growth 12% 7% 2% (1) (1) Twelve months ending 30 June
7 PRICING ENVIRONMENT Oil and FX Feedstock and Energy (17.5%) 000 USD per tonne (avg. for the period) 000 USD per thousand cubic metres of natural gas (avg. for the period) % 21.2% 27.8% % % 60.2% Brent (USD/bbl) RR/USD Naphtha LPG CIF ARA (large) LPG DAF Brest Eurobob FOB Rotterdam Natural gas (RHS) Olefins and Polyolefins 000 USD per tonne (avg. for the period) Plastics, Elastomers and Intermediates 000 USD per tonne (avg. for the period) % 9.3% 12.1% % 160.5% 15.7% 23.8% 29.1% 13.6% 23.3% 0.6 PP LDPE PP (Russia) 0.4 MTBE PET MEG Expandable polystyrene Natural rubber Butadiene Styrene Source: Argus, Platts, Bloomberg, ICIS, Chemease, Malaysian Rubber Board, Federal Tariff Service of Russian Federation 7
8 USD Equivalents, bln (illustrative) Russian Roubles, bln SIBUR FINANCIAL SUMMARY (1) Revenue Operating Expenses EBITDA (2) Operating Cash Flow CapEx (3) % % % % (42.6%) 48.7 Revenue Operating Expenses Adj. EBITDA EBITDA (2) Operating Cash Flow CapEx (3) +30.9% % % % (30.4%) 0.8 Share of JVs and associates EBITDA (1) Values in USD estimated based on average RR/USD rate of and in H and in H1 2016, respectively. (2) Adjusted EBITDA, including share of the Group s portion in joint ventures and associates EBITDA. (3) Includes purchase of PPE, intangible assets and other non-current assets. 8
9 EBITDA DYNAMICS AND STRUCTURE EBITDA Dynamics (1) EBITDA and EBITDA Margin by Segment 33.3% EBITDA margin 35.5% RR bln EBITDA margin $ 1.0 bln EBITDA ($ equiv.) $ 1.4 bln F&E H H % 35.2% RR 70.4 bln (1.3) 10.7 (1.5) RR 78.9 bln 3.8 O&P H H % 43.1% +12.1% (RR) PE&I H H % 23.5% % ($) Unallocated H H (2.6) (2.1) Adj EBITDA H F&E O&P PE&I Unallocated Adj EBITDA H JV EBITDA H H F&E (Feedstock & Energy) O&P (Olefins & Polyolefins) PE&I (Plastics, Elastomers & Intermediates) Unallocated Share of JVs and associates EBITDA (1) EBITDA including the Group s portion of joint ventures and associates EBITDA. 9
10 F&E (FEEDSTOCK AND ENERGY) SEGMENT HIGHLIGHTS RR bln 27% Segment Financial Performance % 35.2 External Revenue Structure H External Revenue EBITDA EBITDA margin, % Ext. Revenue: +2.3% EBITDA: +43.9% Key Factors External Revenue: Higher international benchmark prices for liquids, partially offset by RR appreciation Lower external sales volumes of liquids on lower raw NGL purchases EBITDA: Wider spreads on higher international benchmarks for liquids Higher total sales volumes of LPG on production growth (incl. intercompany sales) Lower transportation costs largely due to lower gross sales of raw NGL, partially offset by higher deliveries of LPG and naphtha to our crackers Product Revenues Development (% change y-o-y) (1) Naphtha 14 Other sales 1 Volume Price Total LPG +1.1% +18.8% +20.1% Natural gas 28 % 56 LPG Natural gas +0.6% (0.1%) +0.5% Naphtha (31.5%) 13.5% (22.3%) Raw NGL (99.9%) 13.1% (99.9%) (1) Represents external revenue 10
11 O&P (OLEFINS & POLYOLEFINS) SEGMENT HIGHLIGHTS RR bln 48% Segment Financial Performance 43% External Revenue EBITDA External Revenue Structure H Olefins Other EBITDA margin, % Ext. Revenue: (0.3%) EBITDA: (5.8%) Key Factors External Revenue: Higher sales volumes largely attributable to higher PP and PE production on increased average capacity utilisation rates Lower average selling prices for PP, PE and BOPP-films despite higher international benchmarks were attributable to RR appreciation that outpaced international benchmark prices dynamics EBITDA: Tighter spreads on higher liquids feedstock costs due to higher netbacks Product Revenues Development (% change y-o-y) (1) Volume Price Total BOPP-film PE % 46 PP PP +7.7% (4.7%) +2.6% PE +16.7% (6.9%) +8.6% BOPP-films +3.0% (12.6%) (10.0%) Olefins +0.8% +7.1% +8.0% (1) Represents external revenue 11
12 PE&I (PLASTICS, ELASTOMERS & INTERMEDIATES) SEGMENT HIGHLIGHTS RR bln 27% 66.6 Segment Financial Performance % External Revenue Structure H Intermediates and other chemicals Other sales External Revenue EBITDA EBITDA margin, % Ext. Revenue: +14.4% EBITDA: +0.6% Key Factors External Revenue: Higher elastomers revenue on the significant increase in international market prices, partially negated by the RR appreciation Higher sales of intermediates on production at O&P and PE&I EBITDA: Tighter spreads on higher liquids feedstock costs due to higher netbacks Higher MTBE trading volumes & lower production volumes Product Revenues Development (% change y-o-y) (1) Volume Price Total MTBE and fuel additives % 31 Plastics & Organic Synthesis Plastics & Organic Synthesis +1.2% (1.0%) +0.1% Elastomers +4.3% +33.8% +39.6% 36 MTBE & Fuel Additives +12.8% (7.3%) 4.6% Elastomers Intermediates and other chemicals +17.5% (3.6%) +13.3% (1) Represents external revenue 12
13 OPERATING EXPENSES STRUCTURE AND DYNAMICS OpEx RR bln 76% 73% +4.0% x% - % of revenue Higher feedstock and materials higher expenses largely related to higher purchase prices for hydrocarbon feedstock due to growth of the respective export netbacks dynamics, partially mitigated by RR appreciation lower NGLs purchases Lower transportation & logistics lower transported volumes, especially raw NGL, partially compensated by higher volumes of LPG and naphtha RR appreciation impact on cost of international logistics partially offset by railway tariff indexation (+6% in Jan 2017) Key Factors Higher staff costs growth in NIPIGAZ headcount higher average salaries movements in bonus provision Higher energy & utilities production growth and higher energy and utilities tariffs Tobolsk HPP consolidation and higher fuel and electricity consumption volumes (compensated by lower heat consumption and higher external revenue from power and electricity sales) Higher D&A largely due to upgrade of polyolefins production in Tomsk in September 2016 Higher purchases of goods for resale (compensated by higher external revenue) Almost flat other expenses Feedstock and Materials Transportation & Logistics Staff costs Energy and Utilities Depreciation and amortisation Goods for resale 20% 20% 19% 15% 9% 9% 9% 9% 9% 8% 3% 5% 12.0% (13.7%) % 4.7% 2.4% 68.4%
14 CASH FLOW STATEMENT HIGHLIGHTS H Cash Flow Reconciliation H Cash Flow Reconciliation RR bln RR bln 59.9 (84.9) (12.3) (7.1) (53.8) (7.8) (105.9) (48.7) 22.1 (7.6) (9.4) (36.4) (2.8) (19.4) 41.2 Net OCF CapEx (1) Interest paid Dividends Net debt paid repayments Other Net CF Cash as of Net OCF CapEx (1) M&A Interest Dividends Net debt Other paid paid repayment Net CF Cash as of Key Factors Net cash from operating activities increased by 5.7% y-o-y due to increase in EBITDA largely offset by higher income tax paid CapEx decreased by 42.6% year-on-year despite ongoing ZapSib construction as a result of significant advances paid in H and shifts in project s payments schedule with higher amounts to be paid in the second half of 2017 Additional cash was mobilised from divestment of Uralorgsintez for RR 22.1 bln Net debt repayment lower by 32.3%, as the decrease in conventional debt was partially offset by new withdrawals from ECA-backed facilities for ZapSib funding in H (1) Includes purchase of property, plant and equipment, intangible assets and other non-current assets. 14
15 DEBT PROFILE Key Figures RR bln, except as stated 31 Jul 17 (1) 30 Jun Dec Jul 17 vs. 31 Dec 16, % Total debt (10.6%) Conventional debt (25.7%) ZapSibNeftekhim related debt % Cash & cash equivalents (22.1%) Net debt (8.1%) Conventional net debt (31.9%) ZapSibNeftekhim related net debt % WA loan tenor (years) WA Conventional debt WA ZSN related debt Available credit lines, incl % Committed (2.0%) Leverage Ratios Overview As of 31 Jul 17 vs. 31 Dec 16 total debt decreased by 10.6% mainly due to: substantial repayments of conventional debt despite new drawdowns for ZapSib funding Net debt decreased by 8.1% mainly on substantial conventional debt repayments and financing of ZapSib CapEx from additional cash balances mobilised following Uralorgsintez divestment As of 30 Jun 17 vs. 31 Dec 16 net leverage improved to 1.7x from 2.0x (1.8x from 2.2x in USD terms) conventional net leverage decreased to 0.8x from 1.2x on recent debt repayments ZapSibNeftekhim net leverage increased to 0.9x from 0.8x on on-going project financing Loan portfolio structure as of 31 Jul Jun Dec 16 Debt / EBITDA 2.0x 2.4x USD/RUB/EUR 57% 24% 19% Net debt / EBITDA 1.7x 2.0x Long-term/Short-term 87% 13% Conventional net debt 0.8x 1.2x ZSN related net debt 0.9x 0.8x Net debt / EBITDA (in $) 1.8x 2.2x Fixed/Floating Unsecured 44% 100% 56% 15
16 LIQUIDITY AND DEBT MATURITY PROFILE (1) As of 31 July 2017, RR bln 258 uncommitted credit lines 101 committed credit lines cash & cash equiv Liquidity After 2027 loans Eurobond RR bonds ECA NWF undrawn EUR ECA (1) Items denominated in USD and EUR are converted into RR at RR/USD and RR/EUR FX rates as of 31 July
17 FINANCIAL CALENDAR 2017 Event Date FY 2016 Operational and Financial Results 14 March 2017 Q Limited Operational Update 30 May 2017 H Operational and Financial Results 15 August M 2017 Limited Operational Update November
FY 2017 Operational and Financial Results. 28 February 2018
FY 2017 Operational and Financial Results 28 February 2018 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation.
More informationQ Operational and Financial Results. 15 May 2018
Q1 2018 Operational and Financial Results 15 May 2018 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation.
More informationH Operational and Financial Results. 7 August 2018
H1 2018 Operational and Financial Results 7 August 2018 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation.
More informationQ Operational and Financial Results. 10 June 2014
Q1 2014 Operational and Financial Results 10 June 2014 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation.
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of our financial condition and results of operations as of 30
More informationCompany Presentation. January 2017
Company Presentation January 2017 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS AS OF AND FOR THE YEARS ENDED 31 DECEMBER 2018
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS AS OF AND FOR THE YEARS ENDED 31 DECEMBER 2018 You should read the following discussion and analysis of our financial
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of our financial condition and results of operations as of 31
More informationCompany Presentation. April 2016
Company Presentation April 2016 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this presentation,
More informationQ3&9M 2013 Operational and Financial Results. 12 December 2013
Q3&9M 2013 Operational and Financial Results 12 December 2013 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation.
More informationCompany Presentation. March 2018
Company Presentation March 2018 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this presentation,
More informationAnnual Review 2016 SUSTAINABILITY INTEGRATION VALUE
Annual Review 2016 VALUE INTEGRATION SUSTAINABILITY WHO WE ARE UNIQUE VERTICALLY INTEGRATED GAS PROCESSING & PETROCHEMICALS COMPANY ONE OF THE HIGHEST EBITDA MARGIN IN THE INDUSTRY WORLDWIDE DIVERSE RANGE
More informationPJSC SIBUR Holding. International Financial Reporting Standards Consolidated Interim Condensed Financial Information (Unaudited)
PJSC SIBUR Holding International Financial Reporting Standards Consolidated Interim Condensed Financial Information (Unaudited) As of and for the three and six months ended 30 June 2018 Table of Contents
More informationAs of and for the three and nine months ended 30 September 2018
PJSC SIBUR Holding International Financial Reporting Standards Consolidated Interim Condensed Financial Information (Unaudited) As of and for the three and nine months ended 2018 Table of Contents Report
More information2Q2013 IFRS Consolidated Financial Results. November 14, 2013
2Q213 IFRS Consolidated Financial Results November 14, 213 Disclaimers This presentation has been prepared by OJSC Gazprom (the Company ), and comprises the slides for a presentation to investors concerning
More information1Q2017 IFRS RESULTS MAY 31, Q2017 IFRS RESULTS
Q27 IFRS RESULTS MAY 3, 27 Q27 IFRS RESULTS Alexander Ivannikov Head of Department Q27 IFRS RESULTS 2 DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company ), and comprises the slides
More information2Q2016 IFRS CONSOLIDATED FINANCIAL RESULTS
2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS AUGUST 3, 26 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS Alexander Ivannikov Head of the Department 2Q26 IFRS CONSOLIDATED FINANCIAL RESULTS 2 DISCLAIMERS This presentation
More information3Q2017 IFRS RESULTS NOVEMBER 30, Q2017 IFRS RESULTS
3Q27 IFRS RESULTS NOVEMBER 3, 27 3Q27 IFRS RESULTS Igor Shatalov First Deputy Head of Department 3Q27 IFRS RESULTS 2 DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company ), and
More informationGAZPROM: 2Q 2018 IFRS RESULTS
GAZPROM: 2Q 28 IFRS RESULTS AUGUST 3, 28 2Q28 IFRS RESULTS Alexander Ivannikov Head of Department 2Q28 IFRS RESULTS 2 DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company ), and
More information1Q2012 IFRS Consolidated Financial Results. September 10th 2012
1Q212 IFRS Consolidated Financial Results September 1th 212 Disclaimers This presentation has been prepared by OJSC Gazprom (the Company ), and comprises the slides for a presentation to investors concerning
More informationCOMPANY PRESENTATION November 2018
COMPANY PRESENTATION November 2018 1 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this
More informationFuelling the future. October 19, 2017 Prague, Czech Republic
Fuelling the future October 19, 2017 Prague, Czech Republic UNIPETROL FINANCIAL RESULTS Andrzej Modrzejewski, CEO Mirosław Kastelik, CFO #UNIPETROLQ3 @unipetrolcz TABLE OF CONTENTS KEY HIGHLIGHTS OF MACRO
More informationFirst Quarter 2018 Financial Results May 2, 2018
First Quarter 2018 Financial Results May 2, 2018 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek, Executive Vice
More information2Q2015 IFRS CONSOLIDATED FINANCIAL RESULTS
Q5 IFRS CONSOLIDATED FINANCIAL RESULTS SEPTEMBER, 5 Alexander Ivannikov Head of the Department Q5 IFRS CONSOLIDATED FINANCIAL RESULTS DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the
More informationS E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E January 31, 214 Fourth-Quarter 213 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov,
More informationFuelling the future. July 20, 2018 Prague, Czech Republic
Fuelling the future July 20, 2018 Prague, Czech Republic UNIPETROL FINANCIAL RESULTS Krzysztof Zdziarski, CEO Mirosław Kastelik, CFO #UNIPETROLQ2 @unipetrolcz TABLE OF CONTENTS KEY HIGHLIGHTS OF MACRO
More informationJefferies Industrials Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E Jefferies Industrials Conference Doug Pike VP Investor Relations Cautionary Statement The information in this presentation includes forward-looking
More informationJP Morgan Diversified Industries Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E JP Morgan Diversified Industries Conference Karyn Ovelmen Chief Financial Officer Cautionary Statement The information in this presentation
More information2016 IFRS RESULTS APRIL 27, IFRS RESULTS
26 IFRS RESULTS APRIL 27, 27 26 IFRS RESULTS Alexander Ivannikov Head of Department 26 IFRS RESULTS 2 DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company ) and comprises the slides
More information1Q2015 IFRS CONSOLIDATED FINANCIAL RESULTS
Q5 IFRS CONSOLIDATED FINANCIAL RESULTS AUGUST, 5 Alexander Ivannikov Head of the Department Q5 IFRS CONSOLIDATED FINANCIAL RESULTS DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company
More informationSecond Quarter 2017 Financial Results August 3, 2017
Second Quarter 2017 Financial Results August 3, 2017 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek, Executive Vice
More information1Q 2017 IFRS Financial Results May 31, 2017
Always moving forward 1Q 2017 IFRS Financial Results May 31, 2017 Forward-Looking Statements Certain statements in this presentation are not historical facts and are forward-looking. Examples of such forwardlooking
More informationSecond Quarter 2018 Financial Results
August 2, 2018 Second Quarter 2018 Financial Results Trademark of Trinseo S.A. or its affiliates Trademark of Trinseo S.A. or its affiliates 1 Introductions & Disclosure Rules Introductions Chris Pappas,
More informationThird Quarter 2017 Financial Results November 2, 2017
Third Quarter 2017 Financial Results November 2, 2017 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek, Executive
More informationQ4 and Full Year 2016 Financial Results February 23, 2017
Q4 and Full Year 2016 Financial Results February 23, 2017 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek, Executive
More informationUNIPETROL 4Q 2013 FINANCIAL RESULTS
UNIPETROL 4Q 2013 FINANCIAL RESULTS Marek Świtajewski, CEO Mirosław Kastelik, CFO Prague, Czech Republic AGENDA Key highlights of 4Q 2013 Macro environment Financial results Segment results CAPEX, cash
More informationFourth Quarter and Full Year 2017 Financial Results February 19, 2018
Fourth Quarter and Full Year 2017 Financial Results February 19, 2018 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek,
More informationOMV Q Conference Call
OMV Q2 208 Conference Call Rainer Seele Chairman of the Executive Board and CEO August 2, 208 OMV Aktiengesellschaft Disclaimer This report contains forward-looking statements. Forward-looking statements
More informationGazprom. Consolidated 2008 IFRS Financial Results Presentation
Gazprom Consolidated 2008 IFRS Financial Results Presentation Disclaimers This presentation has been prepared by OJSC Gazprom (the Company ), and comprises the slides for a presentation to investors concerning
More informationPiotr Kownacki, CEO Jerzy Pazura, Planning and Controlling Executive Director August 13 th 2007
Consolidated financial results of PKN ORLEN Q2 27 (IFRS) Piotr Kownacki, CEO Jerzy Pazura, Planning and Controlling Executive Director August 13 th 27 1 Agenda Financial results in Q2 7 Analysis of results
More informationGazprom. Consolidated 1Q 2008 IFRS Financial Results Presentation
Gazprom Consolidated 1Q 2008 IFRS Financial Results Presentation Disclaimers This presentation has been prepared by OJSC Gazprom (the Company ), and comprises the slides for a presentation to investors
More information1Q 2017 FINANCIAL RESULTS UNIPETROL. Andrzej Modrzejewski, CEO Mirosław Kastelik, CFO. 27 April 2017 Prague, Czech Republic.
UNIPETROL 1Q 2017 FINANCIAL RESULTS Andrzej Modrzejewski, CEO Mirosław Kastelik, CFO 27 April 2017 Prague, Czech Republic #Unipetrol @unipetrolcz TABLE OF CONTENTS KEY HIGHLIGHTS OF 1Q 2017 MACRO ENVIRONMENT
More information4 August Q 2016 Earnings Presentation
4 August 2016 2Q 2016 Earnings Presentation Key developments in April July 2016 Main corporate events The Supervisory Board called EGM on Sept 2 nd. The EGM will vote on a corporate restructuring proposal
More information2014 IFRS CONSOLIDATED FINANCIAL RESULTS
24 IFRS CONSOLIDATED FINANCIAL RESULTS APRIL 29, 25 Alexander Ivannikov First Deputy CFO 24 IFRS CONSOLIDATED FINANCIAL RESULTS 2 DISCLAIMERS This presentation has been prepared by JSC Gazprom (the Company
More informationFourth-Quarter 2014 Earnings
Fourth-Quarter 214 Earnings Bob Patel, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP Strategic Planning and Transactions Doug Pike, VP Investor Relations Cautionary
More informationInvestor Presentation FY 2017 financial results. 15 March 2018
Investor Presentation FY 2017 financial results 15 March 2018 Disclaimer The below applies to the presentation (the Presentation ) following this important notice, and you are therefore advised to read
More information1Q2016 IFRS CONSOLIDATED FINANCIAL RESULTS
Q6 IFRS CONSOLIDATED FINANCIAL RESULTS AUGUST, 6 Alexander Ivannikov Head of the Department Q6 IFRS CONSOLIDATED FINANCIAL RESULTS DISCLAIMERS This presentation has been prepared by PJSC Gazprom (the Company
More informationAugust 8, 2018 Jefferies Industrial Conference
August 8, 2018 Jefferies Industrial Conference Trademark of Trinseo S.A. or its affiliates Trademark of Trinseo S.A. or its affiliates 1 Introductions & Disclosure Rules Introductions Chris Pappas, President
More informationGoldman Sachs Basic Materials Conference. Doug Pike VP, Investor Relations May 17, 2016
Goldman Sachs Basic Materials Conference Doug Pike VP, Investor Relations May 17, 2016 Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking
More informationDisclaimer. No offer of securities This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Disclaimer Forward looking statements Certain statements in this document are not historical facts and are or are deemed to be forward-looking. NWR s prospects, plans, financial position and business strategy,
More informationFY 2017 RESULTS PRESENTATION
FY 2017 RESULTS PRESENTATION April 5, 2018 Disclaimer This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to
More informationJefferies Industrial Conference
Jefferies Industrial Conference Dan Coombs EVP, Global Olefins & Polyolefins and Technology August 10, 2016 Cautionary Statement The statements in this presentation relating to matters that are not historical
More information1Q 2017 RESULTS PRESENTATION
1Q 2017 RESULTS PRESENTATION May 31, 2017 Disclaimer This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy
More informationBank of America Global Agriculture and Chemicals Conference
Bank of America Global Agriculture and Chemicals Conference Sergey Vasnetsov SVP, Strategic Planning & Transactions March 2, 2016 Cautionary Statement The statements in this presentation relating to matters
More informationCredit Suisse Chemicals Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E Credit Suisse Chemicals Conference Sergey Vasnetsov SVP Strategic Planning and Transactions Cautionary Statement The information in this presentation
More informationLOTOS Group Q3 Consolidated Financial results
LOTOS Group Q3 Consolidated Financial results 29 October 2014 Disclaimer Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Australia, Canada
More informationCorral Q May 2017
Corral Q1 2017 May 2017 Disclaimer This presentation has been prepared by Corral Petroleum Holdings AB (publ) and/or its subsidiaries and affiliates ( Corral ). The information contained in this presentation
More informationCorral Q August 2017
Corral Q2 2017 August 2017 Disclaimer This presentation has been prepared by Corral Petroleum Holdings AB (publ) and/or its subsidiaries and affiliates ( Corral ). The information contained in this presentation
More information1Q 2018 IFRS FINANCIAL RESULTS. May 29, 2018
1Q 2018 IFRS FINANCIAL RESULTS May 29, 2018 Forward-looking statements Certain statements in this presentation are not historical facts but are forward-looking. Examples of such forward-looking statements
More informationDeutsche Bank Global Industrials and Materials Summit
Deutsche Bank Global Industrials and Materials Summit Doug Pike VP, Investor Relations June 9, 2016 Cautionary Statement The statements in this presentation relating to matters that are not historical
More informationHMS Group 3 months 2018 IFRS Results Webcast presentation. 8 June 2018
HMS Group 3 months 2018 IFRS Results Webcast presentation 8 June 2018 Financial results Business & Outlook 2 FINANCIAL HIGHLIGHTS HIGHLIGHTS Rub bn 2018 3m 2017 3m chg, yoy Revenue 8,726 9,760-11% EBITDA
More informationPAO SIBUR Holding. International Financial Reporting Standards Consolidated Financial Statements and Independent Auditor s Report.
PAO SIBUR Holding International Financial Reporting Standards Consolidated Financial Statements and Independent Auditor s Report 31 December 2016 Table of Contents Independent Auditor s Report IFRS Consolidated
More information2 March Q and FY 2017 Earnings Presentation
2 March 2018 4Q and FY Earnings Presentation Key events and highlights of Corporate events The company switched to semi-annual dividend payments. The first ever interim dividend in the amount of RUB 2.49
More informationFinancial Presentation 4Q / FY 2017 IFRS Results
Financial Presentation 4Q / FY 217 IFRS Results March 1, 218 Disclaimer No representation or warranty (express or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or
More informationContent Profile 4 Financial data Operating data
Content Profile 4 Profile 5 Shareholders structure 6 Structure of the Unipetrol Group 7 Financial data 8 Main financial data 9 Financial ratios 10 Financial data by segment 11 Statement of profit or loss
More informationThe Navigator Company Q Results Presentation
The Navigator Company 2016 Results Presentation April 28th, 2016 Speakers Diogo da Silveira CEO Manuel Regalado CFO Joana Appleton - IR 1 Significant turnover growth and diversification over the last years
More information2016 1Q Results. May 2016
216 1Q Results May 216 Agenda 1. Financials 2. Refinery Division 3. Olefins Division 4. Plant Operation 5.Expansion 2 Financial Status (NTD) Category Units 2154Q 2161Q QoQ 2151Q YoY Revenue Mn 15,296 124,471-17%
More informationFinancial Results 1H August 2016
Financial Results 1H 2016 August 2016 Disclaimer This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation
More informationQ Earnings Summary August 5, 2015
Q2 2015 Earnings Summary August 5, 2015 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO John Feenan, Executive Vice President &
More informationMOL Hungarian Oil and Gas Company. Q preliminary results. May 13, 2005
MOL Hungarian Oil and Gas Company Q1 2005 preliminary results May 13, 2005 Disclaimer "This presentation and the associated slides and discussion contain forward-looking statements. These statements are
More informationInvestor Presentation Q Results. 25 May 2017
Investor Presentation Q1 2017 Results 25 May 2017 Disclaimer The below applies to the presentation (the Presentation ) following this important notice, and you are therefore advised to read this important
More informationAnalyst Meeting. 2Q09 Performance. Friday 14 August 2009
Analyst Meeting 2Q9 Performance Friday 14 August 29 Agenda 2Q9 Management Highlights Operation Performance CAPEX Financial Performance Industry Outlooks 2 2Q9 Highlights Overview Operation Improving in
More informationA Valuable, Unique & Stable Bridge from Mixed C4 to Purity Products. A Service-Based Intermediary with Strong Infrastructure & Logistics Network
A Valuable, Unique & Stable Bridge from Mixed C4 to Purity Products Ruth Dreessen Executive Vice President & Chief Financial Officer A Service-Based Intermediary with Strong Infrastructure & Logistics
More information2017 1Q Results. May 2017
217 1Q Results May 217 Agenda 1. Financials 2. Market Fundamental 3. Industry Outlook 4. Plant Operation 5.Expansion 2 Financial Status (Unit: NTD Million) 4Q16 1Q17 QoQ 1Q16 YoY Revenues 152,287 164,486
More informationQ Results presentation
Q1 2016 Results presentation 12 May 2016 1 Disclaimer This presentation (the "Presentation") has been prepared and is issued by, and is the sole responsibility of Telepizza Group, S.A. ( Telepizza" or
More informationPT CHANDRA ASRI PETROCHEMICAL TBK BUSINESS, FINANCIAL AND INDUSTRY UPDATE
PT CHANDRA ASRI PETROCHEMICAL TBK BUSINESS, FINANCIAL AND INDUSTRY UPDATE OVERVIEW Financial Results for First Quarter of Fiscal Year 2017 In May 2017, PT Chandra Asri Petrochemical Tbk (the "Company")
More informationQ FINANCIAL RESULTS MOSCOW, RUSSIAN FEDERATION 28 APRIL 2016
Q1 2016 FINANCIAL RESULTS MOSCOW, RUSSIAN FEDERATION 28 APRIL 2016 1 DISCLAIMER T his presentation does not constitute or form part of and should not be construed as an advertisement of securities, an
More informationA Valuable, Unique & Stable Bridge from Mixed C4 to Purity Products. Spring Update
A Valuable, Unique & Stable Bridge from Mixed C4 to Purity Products Spring Update A Service-Based Intermediary with Strong Infrastructure & Logistics Network Forward-Looking Statements & Non-GAAP Financial
More informationOMV Q Results Conference Call
OMV Q 207 Results Conference Call Rainer Seele Chairman of the Executive Board and CEO May, 207 OMV Aktiengesellschaft Disclaimer This report contains forward-looking statements. Forward-looking statements
More informationValue creation through performance
Investor Meeting Reinhard Florey, Chief Financial Officer Munich April 5, 2017 Value creation through performance OMV Aktiengesellschaft Disclaimer This presentation contains forward looking statements.
More informationMorgan Stanley Chemicals and Agriculture Conference Doug Pike VP, Investor Relations. November 9-10, 2015
Morgan Stanley Chemicals and Agriculture Conference Doug Pike VP, Investor Relations November 9-10, Cautionary Statement The statements in this presentation relating to matters that are not historical
More informationMorgan Stanley Global Chemicals and Agriculture Conference
Morgan Stanley Global Chemicals and Agriculture Conference Doug Pike VP, Investor Relations November 14, Cautionary Statement The statements in this presentation relating to matters that are not historical
More informationGroup Financial Results for the nine months to 30 September November 2011
Group Financial Results for the nine months to 30 September 2011 11 November 2011 Financial Highlights Year To Date: Recurring revenue rose 3.0% to EUR 1,283.4 million Recurring EBITDA grew 3.7% to EUR
More informationInvestor Presentation FY 2014 Results. 23 March 2015
Investor Presentation FY 2014 Results 23 March 2015 Disclaimer The below applies to the presentation (the Presentation ) following this important notice, and you are therefore advised to read this important
More informationJP Morgan Industrial Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E JP Morgan Industrial Conference Sergey Vasnetsov SVP Strategic Planning and Transactions Cautionary Statement The statements in this presentation
More informationCiti Basic Materials Conference
Citi Basic Materials Conference Bob Patel CEO December 1, Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These
More informationCRISIS: CHALLENGE AND OPPORTUNITY
CRISIS: CHALLENGE AND OPPORTUNITY DEPUTY HEAD OF STRATEGIC DEVELOPMENT DEPARTMENT S. PANKRATOV 1 1 8 1 6 1 4 1 2 1 8 6 4 2 Russian Gas Industry Experienced Stable Growth Despite Unstable Environment Length
More informationFourth Quarter 2018 Earnings
Fourth Quarter 2018 Earnings February 1, 2019 Cautionary Statement and Information Related to Financial Measures Cautionary Statement The statements in this presentation relating to matters that are not
More information2Q 2018 IFRS FINANCIAL RESULTS. August 30, 2018
2Q 2018 IFRS FINANCIAL RESULTS August 30, 2018 Forward-looking statements Certain statements in this presentation are not historical facts but are forward-looking. Examples of such forward-looking statements
More informationFinancial Report The 1st Half of FY2015 (From Apr. 1 to Sep. 30, 2014)
Financial Report The 1st Half of FY2015 (From Apr. 1 to Sep. 30, ) November 6, Statement of Income (Consolidated) for 6 Months ended, 2013 Amount Percentage (JPY100m) Net sales 1,534 1,484 50 3 % Elastomer
More informationFIRST QUARTER June 4, 2018
FIRST QUARTER 2018 June 4, 2018 Presenters Petter Holland CEO Gunilla Spongh CFO 2 Disclaimer This presentation has been prepared by Corral Petroleum Holdings AB (publ) and/or its subsidiaries and affiliates
More informationFinancial Presentation 1Q 2017 IFRS Results
Financial Presentation 1Q 217 IFRS Results May 18, 217 Disclaimer No representation or warranty (express or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness
More informationCiti Basic Materials Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E Citi Basic Materials Conference Sergey Vasnetsov SVP Strategic Planning and Transactions Cautionary Statement The statements in this presentation
More informationThird Quarter 2018 Earnings
Third Quarter 2018 Earnings October 30, 2018 Cautionary Statement and Information Related to Financial Measures Cautionary Statement The statements in this presentation relating to matters that are not
More informationROSNEFT Q3 and 9M 2012 IFRS Financial Results. 1 November 2012
ROSNEFT Q3 and 9M 2012 IFRS Financial Results 1 November 2012 Important Notice The information i contained herein has been prepared by the Company. The opinions i presented herein are based on general
More informationFinancial Report 1st Quarter of FY2016 (From Apr. 1 to Jun. 30, 2016)
Financial Report 1st Quarter of (From Apr. 1 to Jun. 30, 2016) July 27, 2016 Statement of Income (Consolidated) for 3 Months ended June 30, 2016 Percentage Net sales 700 760-60 -8 % Comparative analysis
More informationJ.P. Morgan Aviation, Transportation & Industrials Conference
J.P. Morgan Aviation, Transportation & Industrials Conference Sergey Vasnetsov SVP, Strategic Planning and Transactions March 5, 2015 Cautionary Statement The statements in this presentation relating to
More informationMorgan Stanley Chemicals and Agriculture Conference
Morgan Stanley Chemicals and Agriculture Conference Doug Pike V.P. Investor Relations November 11, 2014 Cautionary Statement The statements in this presentation relating to matters that are not historical
More informationFinancial Presentation 4Q/ FY 2018 IFRS Results
Financial Presentation 4Q/ FY 218 IFRS Results March 1, 219 Disclaimer No representation or warranty (express or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness
More informationSEMPERIT GROUP Q INVESTOR PRESENTATION. Frank Gumbinger, CFO 16 May 2017
SEMPERIT GROUP Q1 2017 INVESTOR PRESENTATION Frank Gumbinger, CFO 16 May 2017 1 Q1 2017 Highlights Significant positive one-off effects after closing of JV transaction on 15 March 2017 Net debt reduced
More information