Company Presentation. January 2017
|
|
- Pierce Cameron
- 5 years ago
- Views:
Transcription
1 Company Presentation January 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.
3 SIBUR AT A GLANCE Net debt/ EBITDA (USD) 20% % Financial Performance (1) Revenue, USD bln EBITDA, USD bln EBITDA margin, % (2) 35% 30% 29% 32% % % H x Ba2 0.7x Ba2 0.7x Ba2 1.0x Ba1 1.1x Ba1 1.2x Ba1 (2) 1.8x Ba1 2.3x Ba1 SIBUR is a unique integrated gas processing & petrochemicals company with: SIBUR Advantage Vertically integrated business model supporting resilient business performance Advantageous access to feedstock and high barriers to entry Highly diversified product portfolio Leading market position in the attractive Russian petrochemicals market Unique growth opportunities BB BB BB BB+ BB+ BB+ BB+ BB+ 3 (1) SIBUR s reporting currency is Russian rouble. Figures have been translated from RR to USD at average and end-of-period FX rates for the respective periods. (2) Adjusted for the estimated value of naphtha trading operations via Ust-Luga, ceased in 2015.
4 1. Vertically integrated business model supporting resilient business performance SIBUR OPERATES A UNIQUE VALUE CHAIN SUPPLIERS LOGISTICS CLIENTS EXTERNAL SOURCING OF HYDROCARBON FEEDSTOCK APG (1) Feedstock & energy segment Energy products Feedstock NGLs (2) Petrochemicals segment Petrochemicals Deep discount between natural gas selling price and APG purchasing price hedges economics of APG processing SUSTAINABILITY DRIVERS Economics of raw NGL fractionation limits exposure to oil & oil derivative price volatility Prices for petrochemical products are only partially correlated with oil & oil derivative prices SALES GEOGRAPHY (H1 2016) Europe Asia CIS Other % 58 Russia 4 (1) Associated petroleum gas is oil-based feedstock. (2) Natural gas liquids include raw NGL, LPG (liquefied petroleum gas), naphtha are gas-based feedstock.
5 1. Vertically integrated business model supporting resilient business performance REBALANCING OF EBITDA COMPOSITION: PROVED RESISTANCE TO OIL SHOCKS Brent (USD/bbl) (50%) SIBUR EBITDA (USD mln) 2,682 (17%) (17%) F&E EBITDA 2,226 (9%) 2,025 PetChem EBITDA Unallocated 2,363 1,299 1, ,023 (1) AVG H LTM(2) SIBUR EBITDA margin 30.7% 35.7% 34.6% F&E 44.1% 37.1% 32.9% Petchem 12.7% 31.4% 34.8% Volumes, 000 tonnes Raw NGL fractionation 5,256 6,573 6,687 % growth 25% 2% Petchem production 5,421 6,941 7,073 % growth 28% 2% 5 (1) Average for the years 2011, 2012, 2013, (2) Twelve months ending 30 June 2016.
6 2. Advantageous access to feedstock and high barriers to entry UNIQUE LARGE-SCALE TRANSPORTATION AND FEEDSTOCK PROCESSING INFRASTRUCTURE IN WESTERN SIBERIA KHANTY-MANSI AUTONOMOUS AREA YAMAL-NENETS AUTONOMOUS AREA Nyagan GPP Yuzhno-Priobskiy GPP Muravlenkovskiy GPP Gubkinskiy GPP NOYABRSK Yuzhno-Balykskiy GPP PYT-YAKH Belozerniy GPP Purovsky GCP (NOVATEK) PUROVSK Vyngapurovskiy GPP Nizhnevartovskiy GPP SIBUR owns and operates the largest and most extensive infrastructure for processing and transportation of feedstock in Western Siberia: 8 (1) out of 10 gas processing plants (GPP) APG processing capacity of 25.4 (1) bcm p.a. Raw NGL processing capacity of 8.0 mmtpa at flagship gas fractionation unit (GFU) in Tobolsk (out of 9.4 mmtpa of the Company s total capacity) Pipeline network of 2,697 km 4 railway loading racks (out of 6 operated by Feedstock & Energy segment) ECONOMIES OF SCALE INTEGRATED INFRASTRUCTURE HIGH BARRIERS TO ENTRY TOBOLSK SIBUR / third-party compressor station SIBUR / third-party power plant Tobolsk production site TYUMEN REGION third-party gas condensate plant SIBUR / third-party gas processing plant (GPP) SIBUR gas fractionation unit (GFU) SIBUR propane dehydrogenation facility (PDH) SIBUR polymers production SIBUR / third-party APG pipeline Gazprom condensate pipeline SIBUR / Gazprom natural gas pipeline SIBUR raw NGL pipeline truck transportation SIBUR / third-party loading rack 6 (1) Including Yuzhno-Priobskiy GPP operated under JV.
7 SECURED ACCESS TO FEEDSTOCK Hydrocarbon Feedstock Purchasing Expenses RR bln SIBUR s Feedstock Purchases APG NGLs bcm (1) Key Supply Contracts as of 30 September 2016 APG Rosneft RussNeft Gazprom Neft 89% of APG supplies for 2016 guaranteed under multi-year contracts WA maturity of supply contracts 15.1 years 2. Advantageous access to feedstock and high barriers to entry NGLs NOVATEK Gazprom 93% of NGLs supplies for 2016 guaranteed under multi-year contracts WA maturity of supply contracts 16.8 years 7 APG NGLs mln tonnes SIBUR s purchases Rosneft s share in APG purchases (2) SIBUR s purchases Purchases from Rosneft in JV (3) Outlook for Feedstock-Rich Gas Production in Russia (4) Associated Petroleum Gas 2015 APG flaring c.13% (5) of produced volumes Notes: (1) Billion cubic metres. (2) 49% of APG supplied by Rosneft to the GPPs of its JV with SIBUR. In March 2014, SIBUR gained full control over the JV via acquisition of a 49% stake from Rosneft. (3) 49% of raw NGL produced at the GPPs of the JV between SIBUR and Rosneft. These volumes were obtained by Rosneft and sold to SIBUR. In March 2014, SIBUR gained full control over the JV via acquisition of a 49% stake from Rosneft. (4) IHS CERA. (5) CDU TEK. bcm (1) Unstable Gas Condensate mln tonnes
8 DIVERSE DRIVERS AND END-MARKETS 3. Highly diversified product portfolio Liquids (2) Natural gas MTBE & other fuel additives Plastics & organic synthesis Basic polymers Synthetic rubbers Intermediates & other chemicals 2015 revenue (1), RR bln 31% 11% 7% 17% 13% 9% 7% x% Share in total revenue 2015 revenue (1) structure 79% 21% 100% 80% 20% 27% 73% 33% 67% 32% 68% 21% 79% Domestic Export Correlation with oil prices S Currency nature US dollar Russian rouble Key drivers Commodity cycle, global oil prices Transportation costs and export duties Changes of regulated gas tariffs by Russia s Federal Tariff Service Domestic fuel additives market (refineries upgrade, introduction of Euro standards, car fleet) Demand/ supply in multiple end-customer industries Import substitution Demand/supply in multiple end-customer industries Development of tyre & vehicle manufacturing Natural rubber prices Commodity cycle, demand/supply balance in respective petrochemical products Key endmarkets Petrochemicals, fractionation Power, utilities Residential applications Fuels FMCG, chemicals, construction FMCG, construction Automotive, construction Chemicals, petrochemicals 8 (1) External sales. (2) Primarily LPG and naphtha.
9 LEADING PLAYER IN THE HIGH-GROWTH DOMESTIC MARKET 4. Leading market position in the attractive Russian petrochemicals market SIBUR s Share in Russia s Production Capacity Growth Fundamentals Polypropylene LDPE 2015 Kg per Capita Consumption of Basic Polymers Basic polymers 56 % % 65 Polypropylene Western Europe Central Europe 13 Polyethylene (LDPE) 18 Western Europe 8 Eastern Europe 6 Synthetic rubbers 28 BR SBR SBS % 53 % 47 % % China 14 China 4 Russia 7 Russia 4 Russia Consumption Growth Outlook CAGR, LLDPE 5.0% Plastics and organic synthesis 45 PET % 55 Expandable polystyrene 83 % MEG % PP MEG PVC HDPE PET EPS 3.3% 3.3% 2.5% 2.4% 2.0% 2.0% SIBUR s share Others LDPE 1.9% 9 Source: IHS, Market Report, IISPR.
10 EFFICIENT MONETISATION OF STRANDED FEEDSTOCK 5. Unique growth opportunities Western Europe >4,000 km FEEDSTOCK Significant export duties for naphtha and LPG in Russia Ample feedstock base Western Europe Tobolsk Naphtha price (1) Naphtha feedstock cost (2) HDPE production cost (3) Total cost for producers (3) LPG price in Europe (4) Transport & export duties (4) LPG price in Tobolsk (4) LPG feedstock cost in Tobolsk (5) HDPE production cost net of by-product credits (3) Illustrative HDPE price build-up PE price in Western Europe Transportation to W.Europe (3) PETROCHEMICALS SIBUR s petrochemical hub in Tobolsk FEEDSTOCK Total cost for producers (3) Long distances with infrastructural constraints >6,000 km SIBUR s production assets PETROCHEMICALS AND END-PRODUCTS Notes: (1) USD per tonne. (2) USD per tonne of polyethylene, assuming naphtha consumption ratio of 2.2x, and net of by-product credits. (3) USD per tonne of polyethylene. (4) USD per tonne of LPG-mix (propane and butane). (5) USD per tonne of olefins, assuming LPG-mix consumption ratio of 1.35x. China and Northeast Asia 10
11 ZAPSIBNEFTEKHIM (ZAPSIB-2): EXPANSION OF POLYOLEFINS PRODUCTION IN TOBOLSK 5. Unique growth opportunities Project Overview 000 tonnes CONFIGURATION LICENSOR EP C Ethane Propane N-Butane Ethylene cracking unit (ECU) Ethylene 1,500 Propylene 525 HDPE HDPE LLDPE / HDPE LLDPE / HDPE PP ECU PE Units PP Unit 1.5 mtpa of ethylene 525 ktpa of propylene 100 ktpa of crude C mtpa of PE 0.5 mtpa HDPE and LLDPE Spreads to Feedstock USD per tonne 2,500 PE CFR China - LPG spread LPG, West Europe, CIF NWE 2,000 PE HDPE Blow Moulding CFR China PE LLDPE Film CFR China 1,500 1, ,500 2,000 1,500 Strong Position on the Global Cost Curve (2019) (1) USD per tonne Ethylene ME Middle East, NA North America, NEA Northeast Asia, WE Western Europe Propylene NEA Avg WE Avg NA Avg WE Avg ME Avg 1, NEA Avg 4 1. Zapsibneftekhim Tobolsk-Polymer 1 1 NA Avg 3. Sibur-Kstovo ME Avg 4. Tomskneftekhim Cumulative capacity ( tonnes) 11 (1) Source: IHS 2015, SIBUR estimates.
12 ZAPSIBNEFTEKHIM (ZAPSIB-2) PROGRESS UPDATE Project Residual Budget for (1) Russian roubles 35% US dollars 35% USD 7.2 billion * SIBUR own funds 50% NWF and RDIF (2) US dollars 25% Recent Milestones 58 units of large-size equipment delivered during the 2016 navigation season to the industrial port of Tobolsk: 23 units of large-size equipment installed for the steam cracker 2 heaviest propane extraction columns installed Site preparation fully completed Key construction contractors engaged construction workers at the site as of 1 November Financing for the project in 9M 2016 totaled RR 96.7 bln (excl. VAT) Euro 30% ECA (3) Euro 25% Progress Update as of 1 November 2016, % FEED 100 Project Budget Funding Sources Detail Engineering 75 Potential to be signed in RR * - estimate as of 31 December 2015 Procurement 47 Construction 16 Overall progress: 34% Please follow the link to see the video of the construction site: 12
13 1. Business Description: Additional Details 2. Key Recent Financials 3. Exposure to Oil Prices & FX, Market Prices 13
14 EXTENSIVE ASSET BASE THROUGHOUT RUSSIA Tver Moscow Tula Kursk Voronezh Saint-Petersburg Nizhniy Novgorod Samara Salekhard Perm Khanty-Mansiysk Tobolsk Ufa Tyumen WESTERN SIBERIA Omsk Purovsk Tomsk Krasnoyarsk Kemerovo WESTERN SIBERIA Largest oil & gas reserves region in Russia Proven oil reserves 48 bln bbl Proven gas reserves 22 tcm Svobodny Energy Products Petrochemicals Joint Ventures Logistics gas processing & fractionation, MTBE & other fuel additives basic polymers synthetic rubbers plastics & organic synthesis intermediates other chemicals facilities operated under JVs raw NGL pipeline transshipment facility in Ust-Luga operated by SIBUR 14
15 VERTICALLY INTEGRATED MODEL WITH MULTIPLE EMBEDDED EARNINGS SUSTAINABILITY DRIVERS (1) External sales represent c. 89% of Feedstock & Energy segment gross revenue 100% 68% Natural gas NGLs Earnings Sustainability Drivers Oil producers Oil-based feedstock (APG) Gas-based feedstock (NGLs) Feedstock & Energy segment 9 production sites Gross sales: RR EBITDA margin: 37.1% 100% NGLs 32% MTBE Petrochemicals segment 17 production sites Gross sales: RR bln EBITDA margin: 31.4% Basic polymers (PP, PE) Synthetic rubbers Plastics and organic synthesis Intermediates and other chemicals Deep discount between natural gas selling price and APG purchasing price hedges economics of APG processing Economics of raw NGL fractionation limits exposure to oil & oil derivative price volatility Prices for petrochemical products are only partially correlated with oil & oil derivative prices Oil & Gas producers X% - Share of available for sale volumes Methanol Dominant share of feedstock for petrochemicals segment is sourced internally Other third-party feedstock 15 (1) All figures based on FY 2015 financials.
16 ENERGY PRODUCTS Associated Petroleum Gas (APG) Oil Natural Gas Raw Natural Gas Liquids (Raw NGL) Liquefied Petroleum Gas (LPG) Naphtha C 1 C 2 C 3-4 C 5-6 C 7+ Methane (gas) Ethane (gas) Propane (gas / liquid) Butane (gas / liquid) Isobutane (gas / liquid) Pentane (liquid) Isopentane (liquid) Hexane (liquid) Heavy fractions fractions can be used as petrochemical feedstock 16
17 MULTIPLE PRODUCTS, GEOGRAPHIES AND CUSTOMER GROUPS Intermediates and other chemicals Synthetic rubbers 9 Basic polymers 14 By product Processing services and other sales 7 5 % 22 Total Group Sales Breakdown 11 LPG Natural gas Europe Asia 30 By region CIS Other % 56 Russia 2015 Over 1,400 large customers from more than 80 countries Plastics and organic synthesis products Naphtha MTBE, raw NGL and other fuels representing diverse range of end-customer industries Customer Concentration Energy products Intermediates and other chemicals Synthetic rubbers Plastics and organic synthesis products Basic polymers Top-10 5% 3% 8% 15% 15% 20% 28% 40% Largest customer % 51% Contract / Spot Structure of Sales 44% 41% 56% 59% Energy Basic polymers Spot 53% 47% Synthetic rubbers Contract % 57% Plastics and organic synthesis with low customer concentration and balanced contract / spot sales structure 17
18 GAZPROM AND SIBUR JOINT INVESTMENT PROJECT ON CONSTRUCTION OF GAS PROCESSING AND CHEMICAL HUB IN AMUR REGION Products: methane, ethane, propane, butane, pentanehexane fraction EASTERN SIBERIA Gas processing capacity 42 bcm (1) Helium production capacity 60 mcm (2) WESTERN SIBERIA Chayandinskoye Kovyktinskoye 2 4 Irkutsk Power of Siberia Gas Pipeline Amur GPP (Gazprom) Skovorodino Svobodny Blagoveshchensk Amur Chemical Plant (SIBUR) 18 (1) Billion cubic metres. (2) Million cubic metres.
19 1. Business Description: Additional Details 2. Key Recent Financials 3. Exposure to Oil Prices & FX, Market Prices 19
20 SIBUR FINANCIAL SUMMARY (1) RR bln Revenue Net Operating Expenses (2) EBITDA Operating Cash Flow Investing Cash Flow (3) RR bln RR bln RR bln RR bln Russian Roubles % % % % (13.1%) 88.9 H H H H H H H H H H Revenue Net Operating Expenses (2) EBITDA Operating Cash Flow Investing Cash Flow (3) USD Equivalents (illustrative) USD bln 3.2 (11.7%) 2.8 USD bln USD bln USD bln USD bln 2.3 (8.1%) (17.3%) (15.8%) (29.0%) 1.3 H H H H H H H H H H Payments for Yugragazpererabotka acquisition 20 (1) Values in USD estimated based on average RR/USD rate of and in H and H1 2015, respectively. (2) Operating expenses before equity-settled share-based payment plans. (3) Includes CapEx and M&A.
21 CASH FLOW STATEMENT HIGHLIGHTS Key Developments Net cash from operating activities increased by 3.1% y-o-y on largely flat EBITDA adjusted for the movements in certain provisions marginally positive impact from WC changes partially offset by higher income tax paid Net cash used in investing activities decreased by 13.1% y-o-y on final tranche payment for the acquisition of Rosneft s 49% stake in Yugragazpererabotka in H compared to only RR 2,013 mln paid for acquisition of subsidiaries in H substantially offset by 3x increase in CapEx Net cash used in financing activities attributable to substantial net debt repayment interests paid Key Highlights Six months ended 30 June Change RR mln, except as stated % Net cash from operating activities 59,865 58, % Operating cash flows before WC changes 65,012 63, % Changes in working capital 329 (3,100) n/m Income tax paid (5,476) (2,060) 165.8% Net cash used in investing activities, including (88,867) (102,288) (13.1%) Purchase of PPE (83,558) (30,537) 173.6% Acquisition of interest in subsidiaries, net of cash acquired (2,013) (61,727) (96.7%) Placement of deposits (3,343) (8,520) (60.8%) Net cash (used in) / from financing activities, including (76,680) 28,750 n/m Net (repayment of) / proceeds from debt (53,775) 52,458 n/m Dividends paid (7,058) (9,629) (26.7%) Interest paid (12,310) (7,092) 73.6% Bank fees paid (2,562) (7,964) (67.8%) Effect of exchange rate changes on cash and cash equivalents (237) (2,291) (89.7%) Net decrease in cash and cash equivalents (105,919) (17,770) 496.1% 21
22 DEBT PROFILE Key Figures Change, % RR bln, except as stated 31 Oct 2016 (1) 30 Sep 2016 (1) 31 Dec Oct 16 vs. 31 Dec 15 Total debt (22.2%) Cash & cash equivalents (62.9%) Bank deposits n/m Net debt % WA loan tenor (years) WA Conventional debt WA ZSN related debt Available credit lines, incl (25.2%) Committed (25.9%) Total debt as of 31 Oct 16 vs. 31 Dec 15 decreased by 22.2% mainly due to: repayment and refinancing of debt denominated primarily in foreign currencies RR appreciation 31 Oct 16 vs. 31 Dec 15 Net debt moderately increased mainly on financing of ZapSibNeftekhim CapEx from the funds provided by the NWF, despite substantial debt repayments Net leverage marginally increased to 2.2x from 2.1x (2.3x from 1.7x in USD terms) conventional net leverage decreased to 1.4x from 1.8x on recent debt repayments ZapSibNeftekhim net leverage increased to 0.8x from 0.3x on on-going project financing As of 31 Oct 16, all of the debt was unsecured Leverage Ratios 30 Sep 2016 (1) 31 Dec 2015 Debt / EBITDA 2.7x 3.4x Net debt / EBITDA 2.2x 2.1x Conventional net debt 1.4x 1.8x ZSN related net debt 0.8x 0.3x Net debt / EBITDA (in $) 2.3x 1.7x Loan portfolio structure by currency as of 31 Oct 16 RUB EUR % 59 USD 22 (1) Unaudited data.
23 LIQUIDITY AND DEBT MATURITY PROFILE (1) 282 As of 31 October 2016, RR bln uncommitted credit lines 180 committed credit lines cash & cash equiv. 5 (2) Liquidity After 2025 loans eurobond RR bonds ECA NWF undrawn EUR ECA 23 (1) Items denominated in USD and EUR are converted into RR at RR/USD and RR/EUR FX rates as of 31 October (2) Debt maturing during 31 October - 31 December 2016.
24 INVESTMENT PROGRAMME A(1) RR bln (excl. VAT) in 7yrs 163 Transportation infrastructure Feedstock processing capacity, Transportation infrastructure Feedstock processing capacity Petrochemicals Petrochemicals ZapSibNeftekhim CapEx Maintenance, R&D, IT, and other Other TOTAL TOTAL RR bln (2) (excl. VAT) investment programme approved by SIBUR BoD for (1) CapEx includes purchase of property, plant and equipment, as well as purchase of intangible assets and other non-current assets. (2) The Board of Directors will review the budget later in the year and the number may be revised subject to macroeconomic and market environment.
25 1. Business Description: Additional Details 2. Key Recent Financials 3. Exposure to Oil Prices & FX, Market Prices 25
26 EXPOSURE TO OIL PRICES AND FX ILLUSTRATIVE Revenue Categories Correlation Currency Currency Correlation Revenue Net OpEx with Oil Nature Nature with Oil Net OpEx Categories Other Intermediates & other chemicals 380 6% 7% 2015 RR bln Synthetic rubbers 9% Basic polymers Plastics & organic synthesis MTBE and other fuels Naphtha Natural gas 13% 17% 7% 8% 11% 276 4% 3% 4% 10% 11% 11% 24% Other Repairs & maintenance Goods for resale Energy & utilities Staff costs D&A Transportation, logistics & rent LPG negative impact of lower oil prices somewhat compensated by lower export duty and RR depreciation 22% 32% Feedstock & materials APG: indexed in line with FTS, some contracts account for changes in NGLs netbacks NGLs priced at netbacks US dollar Russian rouble 26 (1) Operating expenses before equity-settled share-based payment plans.
27 MARKET UPDATE Energy Products Basic Polymers Rebased to % 160% 140% 120% 100% 80% 60% 40% 20% 0% Brent LPG CIF ARA (large) MTBE /$ Naphtha LPG DAF Brest Natural gas Change Y-o-Y (31%) (24%) (23%) (21%) (9%) Brent (25%) /$ +15% Rebased to % 120% 100% 80% 60% 40% 20% 0% LDPE PP MRC CPT Moscow /$ PP raffia China Main Port Brent Change Y-o-Y (18%) (11%) (5%) Brent (25%) /$ +15% Synthetic Rubbers Plastics & Organic Synthesis Products Rebased to % 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% Natural Rubber Butadiene Styrene Brent /$ Change Y-o-Y (18%) (10%) (9%) Brent (25%) /$ +15% Rebased to % 120% 100% 80% 60% 40% 20% 0% Polystyrene MEG 2-ethylhexanol PET Brent /$ Change Y-o-Y (26%) (20%) (12%) (10%) Brent (25%) /$ +15% 27 Source: Argus, Platts, Bloomberg, ICIS, Malaysian Rubber Board, Chemease, Federal Antimonopoly Service of Russian Federation
28 INVESTOR RELATIONS CONTACTS Phone: +7 (495) (*39-47) 28
H Operational and Financial Results. 15 August 2017
H1 2017 Operational and Financial Results 15 August 2017 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. 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 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 informationFY 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 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 31
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 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 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 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 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 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 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 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 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 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 informationGAZPROM NEFT GAZPROM INVESTOR DAY 2017
NEFT DISCLAIMER This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Gazprom Neft and its consolidated subsidiaries All statements
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 informationING Feedstock Outlook: A Decade of Change
ING Feedstock Outlook: A Decade of Change Hamza.Khan@ING.com Head of Commodity Strategy Platts 6th Annual Asian Petrochemicals Markets, Shanghai, April 2017 Sea Change: The Feedstock World is Transforming
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 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 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 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 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 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 informationThird-Quarter 2011 Earnings
Third-Quarter 211 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Kent Potter, Principal Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions
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 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 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 informationGAZPROM NEFT GAZPROM INVESTOR DAY 2017
NEFT GAZPROM DISCLAIMER This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Gazprom Neft and its consolidated subsidiaries
More informationImpact of Lower Energy Prices on US Chemicals Bob Patel. CEO LyondellBasell
Impact of Lower Energy Prices on US Chemicals Bob Patel CEO LyondellBasell Forward Looking Statements The statements in this presentation relating to matters that are not historical facts are forward-looking
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 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 informationGazprom expanding to Asian markets: Amur Gas Processing Plant Project
Gazprom expanding to Asian markets: Amur Gas Processing Plant Project Financing considerations October 2016 Eastern Gas Route - Power of Siberia Project The Eastern Gas Route will deliver rich gas from
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 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 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 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 informationFourth-Quarter 2012 Earnings
Fourth-Quarter 212 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations February
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 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 information(Translation) PTT Global Chemical Public Company Limited Management's Discussion and Analysis Financial Result for Year 2011
PTT Global Chemical Public Company Limited Management's Discussion and Analysis Financial Result for Year 2011-1 PTT Global Chemical Public Company Limited and its subsidiaries ( the Company ) was formed
More informationDave Witte Executive Vice President Business Advisory Services
Issues Facing Chemical Investment in Alaska s Cook Inlet Dave Witte Executive Vice President Business Advisory Services March 31, 2011 Anchorage 10-year Bangkok Resource Extraction Projects Projection
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 informationBarclay s Americas Select Franchise Conference
Barclay s Americas Select Franchise Conference Bob Patel EVP Olefins and Polyolefins EAI and Technology May 13, 2014 Cautionary Statement The statements in this presentation relating to matters that are
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 informationSecond-Quarter 2010 Earnings. Jim Gallogly, Chief Executive Officer Kent Potter, Chief Financial Officer
Second-Quarter 21 Earnings Jim Gallogly, Chief Executive Officer Kent Potter, Chief Financial Officer August 16, 21 Disclaimer and Notice The statements in this presentation relating to matters that are
More informationGazprom Neft. 3 rd Q & 9 M 2008 Operating and Financial Results. December 2008
Gazprom Neft 3 rd Q & 9 M 2008 Operating and Financial Results December 2008 Q3 & 9M 2008 Operating Highlights Gazprom Neft crude production was 57.3 & 172.7 MMBbl in Q3 & 9M 2008 respectively vs. 60.5
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 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 informationDeutsche Bank Global Industrials & Materials Summit
Deutsche Bank Global Industrials & Materials Summit Jim Guilfoyle SVP, Global Intermediates & Derivatives and Global Supply Chain June 7, 2018 Cautionary Statement The statements in this presentation relating
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 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 informationNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
News Release NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Inter Pipeline Announces $1.35 Billion Acquisition of Canadian NGL Midstream Business CALGARY, ALBERTA,
More informationHow Competitive Are PDH Projects Compared To Conventional Sources?
How Competitive Are PDH Projects Compared To Conventional Sources? Global Propylene & Derivatives American Business Conferences Williams NGL & Petchem Services January 29, 2014 Williams Ft. Beeler WV plant
More informationMorgan Stanley Global Chemicals Conference Sergey Vasnetsov Senior Vice President, Strategic Planning and Transactions November 2012
Morgan Stanley Global Chemicals Conference Sergey Vasnetsov Senior Vice President, Strategic Planning and Transactions November 212 Cautionary Statement The information in this presentation includes forward-looking
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 informationEarnings Conference Call 1Q17
Earnings Conference Call Investor Relations São Paulo, May 15th, 2017 DISCLAIMER ON FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements. These forward-looking statements are
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 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 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 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 informationJP Morgan Aviation, Transportation & Industrials Conference
JP Morgan Aviation, Transportation & Industrials Conference Bob Patel - CEO March 6, 2019 1 Cautionary Statement The statements in this presentation relating to matters that are not historical facts are
More informationCondensed Consolidated Interim Financial Statements as at September 30, 2018
Condensed Consolidated Interim Financial Statements as at 30, 2018 (Unaudited) Contents Chapter A: Directors Report on the State of the Company s Affairs A-1 Description of the Business of the Company
More informationCredit Suisse 31 st Annual Basic Materials Conference
Credit Suisse 31 st Annual Basic Materials Conference Jim Guilfoyle EVP Advanced Polymer Solutions and Global Supply Chain September 12, 2018 1 Cautionary Statement The statements in this presentation
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 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 informationCIS DOWNSTREAM SUMMIT 20 Th Annual
1 CIS DOWNSTREAM SUMMIT 20 Th Annual H.Alimorad Investment Director / National Petrochemical Company (NPC) Board Member of Persian Gulf Petrochemical Industries Company (PGPIC) 2 Iran 2 nd largest economy
More informationPTT Global Chemical Public Company Limited. FY 2014 Management Discussion and Analysis. (Translation) EXCELLENCE CREATES SUSTAINABLITIY
PTT Global Chemical Public Company Limited FY 2014 Management Discussion and Analysis (Translation) EXCELLENCE CREATES SUSTAINABLITIY Executive Summary In 2014 PTT Global Chemical Public Company Limited
More informationPAO NOVATEK MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2017 AND 2016 CONTENTS Page General Provisions... 3 Overview... 3 Recent Developments...
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 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 informationKlöckner Pentaplast. FY 2017 Q2 update call. June 2017
Klöckner Pentaplast FY 2017 Q2 update call June 2017 Disclaimer Unless otherwise indicated, this presentation and the information contained herein has been prepared and provided by Kleopatra Holdings 2
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 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 informationCiti Basic Materials Conference
Citi Basic Materials Conference Thomas Aebischer CFO November 27, 2018 1 Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements.
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 The following discussion and analysis of financial condition and results of operations should be read in conjunction
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 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 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 informationPublic Expose 2013 PT Chandra Asri Petrochemical Tbk
Public Expose 2013 PT Chandra Asri Petrochemical Tbk Jakarta, 18 December 2013 Contents I. Company At a Glance II. III. Petrochemical Industry Updates Financial & Operational Performance IV. Strategic
More informationBank of America Merrill Lynch 2012 Industrials and Materials Conference
Bank of America Merrill Lynch 212 Industrials and Materials Conference Pat Quarles Senior Vice President Intermediates and Derivatives September 212 Cautionary Statement The information in this presentation
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 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 informationState of the Chemical and Petrochemical Industry Is India the next driver?
State of the Chemical and Petrochemical Industry Is India the next driver? Presentation to IOC Conclave 29 July 217 Dave Witte Senior Vice President, IHS Markit GM - Oil Markets, Midstream, Downstream
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 informationMEETING WITH INVESTORS MAY 2018
MEETING WITH INVESTORS MAY 2018 DISCLAIMER ON FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements. These forward-looking statements are not solely historical data, but rather
More informationEarnings Release 2Q17
HIGHLIGHTS: Braskem Consolidated: EBITDA reaches R$6.6 billion in first six months Net income in year to date was R$3 billion Braskem s consolidated EBITDA in 2Q17 was US$945 million, advancing 10% on
More informationSaint Petersburg International Mercantile Exchange. Latest Developments in the Russian Natural Gas Market
Saint Petersburg International Mercantile Exchange Latest Developments in the Russian Natural Gas Market 11 th annual European Gas Conference, 30 January 2018 SPIMEX: Russia s largest commodity exchange
More informationIRPC Public Company Limited and its Subsidiaries Management Discussion and Analysis (MD&A) For Quarter 2/2009
IRPC Public Company Limited and its Subsidiaries Management Discussion and Analysis (MD&A) For Quarter 2/ 1. Operating Performance Consolidated Income Statement 2Q09 2Q08 Change 1Q09 Change Sales Revenue
More informationAdvanced Petrochemical Co.
Advanced Petrochemical Co. Initiation of Coverage Recommendation Overweight Fair Value (SAR) 57.25 Price as of May 10, 2016 42.74 Expected Return 01.1% Company Data Tadawul Symbol 2330.SE 52 Week High
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 informationQ4 and Full Year 2015 Financial Results March 3, 2016
Q4 and Full Year 2015 Financial Results March 3, 2016 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO David Stasse, Vice President,
More information2018 FINANCIAL RESULTS. March 14, 2019
2018 FINANCIAL RESULTS March 14, 2019 DISCLAIMER This document has been prepared by Maire Tecnimont S.p.A. (the Company ) solely for use in the presentation of its financial results. This document does
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 The following discussion and analysis of financial condition and results of operations should be read in conjunction
More informationWilliams Energy Canada
Williams Energy Canada Opportunities in Alberta David Chappell President, Williams Energy Canada 2012 The Williams Companies, Inc. All rights reserved. Williams > Energy infrastructure company focused
More information