RESULTS FOR Q ANALYST TELECONFERENCE

Size: px
Start display at page:

Download "RESULTS FOR Q ANALYST TELECONFERENCE"

Transcription

1 RESULTS FOR Q4 216 ANALYST TELECONFERENCE

2 Market 1 2 Operation Financials 3

3 Market 1

4 216 Fourth Quarter Market Conditions Product Market Crude Oil Postponed Maintenances Started to take place High Agricultural Demand Normalized Seasonal Demand with El Nino fading away Industrially Driven Asian Growth and Stronger European Demand OPEC & Non OPEC Supply Cut FED Rate Hikes Emerging Markets Slow Down Brexit Stock levels were still higher Global Terrorism Fluctuation in currency & prices High Production of OPEC & Russia before cut / Increase in rig counts in USA 4

5 Key Highlights in Q4 Capacity Utilization* 1% Capacity Utilization Target has been achieved Dec Nov Oct ,9 18, ,7 19, Thousand tons Diesel sales increased by 11% Diesel Sales 7 Oct Nov Dec Strong net refinery margins $/bbl ,1 1,2 9,9 6,4 6,2 2,9 Net Refinery Margin Oct Nov Dec *Nameplate capacity calculated by standard 33 days of operations. 5

6 11 Months Turkish Consumption (Million tons) Diesel Domestic Jet Fuel 216 2, , % +1.3 % , , Gasoline,,4,8 1,2 1,6 Decline in bunker sales -5,6% Fuel Oil* 216 2,6 216, % -1.6 % 215 1,92 215,52,8 1, 1,2 1,4 1,6 1,8 2, 2,2,1,2,3,4,5,6 Source: EMRA *bunker excluded. 6

7 Crude Price Differentials ($/bbl) 1 Ural Differentials, $/bbl ,53 -,54-1,41-1,17-1,59-1,66-1,64-1,6 -,73 -,21-1,78-1,68 -,61-1,3 -,94-1,76 -,66-2,2-1,2-1,6-1,4-2,4-1,3-1, Min/Max Price Differentials, $/bbl Ural Iran Light (KI) Iran Heavy (KI) Kirkuk Arab. Heavy Siberian Light CPC 7

8 Quarterly Product Crack Margins ($/bbl) ,4 18,9 15,2 14,5 13,5 13,8 13, 1,9 12,8 15,7 15,2 14,6 11,2 7,9 9,2 8,9 1,8 1,1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 14,4 11,2 1,7 1,2-13,2-11,6-12, -1,6-13,1-5,7-12,5 7,3 7,7 7,9 9,4-15, Q1 Q2 Q3 Q4 8

9 2 Operations

10 71,3 76,8 98,1 1,9 Production Capacity Utilisation* (%) Quarterly Production Volume (Mn Tons) ,5 4,4 +2,8% 15,3 4, ,59 5,6 6,93 6,75 7,32 7,42 7,36 7,23 5, ,1 2,4 74,9 4 4,55 4,63 5,41 3,6 6 2 Crude Oil Other Min / Max 27/ Q 2Q 3Q 4Q *Nameplate capacity calculated by standard 33 days of operations. 1

11 Tüpraş Sales (Million Tons) 8 Domestic sales of selected products Diesel Gasoline Asphalt Jet Fuel ,48 (Thousand tons) Domestic Export 4,7 1,1 1,73 5,6 1,7 3,6 3,9 2,27 6,9 1,8 5,1 1,66,43,45,46,39,23,27,43,42,76,86 1,,98 5,9 4,1 2,23,52 7,3 7,7 1,9 5,4 2,75,55,63,91,79 1,26 1,23 1,18 1,5 1,27 Diesel sales increased by %1,8 to 2.87 million tons compared to Q415. In full year, diesel sales soared by 18% Total Sales 1,3 6,4 6,4 1,5 4,9 1,8 1,16 7,9 8,1 1,2 1,2 6,8 6,9 6,1 1,8 4,3 7,9 1,7 1,3 6,2 6, Q1 Q2 Q3 Q4 1,83,54 2,62 2,94,6,64 1,73,44,51,91 2,59 2,87,5,52,9,87 1,13 1, Q1 Q2 Q3 Q4 7,6 11

12 Opet Station Numbers Opet Sunpet Market positions as of 31th of December: White Product: 17,7% Black Product: 19,4% 12

13 Financials 3

14 Med & Tüpraş Net Margins, $/bbl ,56 2,3,3 4rd Quarter 1,6 5,17 5,5 3,84 3, Month 6,47 6,3 4,83 3,97 3,21 2,45 1,67 1, Tüpraş Net Med Complex Tüpraş Net Med Complex $ / bbl Gross Margin Inventory Effect Clean Clean Gross Margin Clean Clean NET Margin Med Margin 215 Q4 1,9 -,8 11,7 5,9 3,5 216 Q4 15, 1,2 13,8 8,9 5,1 * Hedge Operations not included 14

15 Product Price Effect on Tüpraş in Q4 (FOB Italy Prices) Q4 Product Price, $/ton Tüpraş Crack Margin, $/bbl Product Yield % LPG 362, 364, 3,6% -17,2-11,3 Gasoline 55, 464, 2,1% 12,8 13,5 Naptha 421, 388,7 1,1% -1,9,2 Jet Fuel 468,8 417,7 17,5% 1,2 9,4 Diesel 451,2 45,5 32,5% 11,2 1,8 Diesel 1 442,4 389,7,7% 1, 8,7 Fuel Oil 1% 283,6 22,2,2% -5,7-12,5 Fuel Oil 3,5% 259,7 182,9 18,8% -9,4-15,5 Total Crack Margin,$/bbl 5,6 4,6 Dated Brent Avg. $/bbl 49,5 43,7 94,5% Margin Differences, $/bbl 1, Total Raw Materials Charge, mn Barrel 55,6 Total Effect of Product Price, mn $ 56,9 Total Effect of Product Cracks, mn TL 186,6 15

16 Product Price Effect on Tüpraş in 12M (FOB Italy Prices) 12M Product Price, $/ton Tüpraş Crack Margin, $/bbl Product Yield % LPG 38,3 36,7 3,6% -16,2-2,3 Gasoline 462,3 557,5 2,1% 13,3 16,2 Naptha 366,6 432,9 1,1% -2,3-3,6 Jet Fuel 48,9 51,9 17,5% 8,3 11,4 Diesel 394,6 494,7 32,5% 9,3 14, Diesel 1 384,9 478,1,7% 8, 11,8 Fuel Oil 1% 222,3 269,1,2% -9,4-11, Fuel Oil 3,5% 25,2 255,4 18,8% -12,1-13,1 Total Crack Margin,$/bbl 4,3 6,6 Dated Brent Avg. $/bbl 43,7 52,5 94,5% Margin Differences, $/bbl -2,3 Total Raw Materials Charge, mn Barrel 213,3 Total Effect of Product Price, mn $ -495,6 Total Effect of Product Cracks, mn TL ,5 16

17 Income Statement (In TL) Q4 Q4 12 M 12 M % Diff. Million TL % Diff , ,4 21 Net Sales , ,4 24 Gross Profit 4.126, , ,5-294, 4 Operating Expenses -877,1-995, ,2-318,6-28 Income/Loss from other operations -497,5-296, ,1 986,8-17 Operating Profit 2.751, ,3-14 3,6 28,9 Income/Loss from equity -6 investment 72,6 158, ,7 1.15,6 Operating Profit Before Fin. -16 Income/Loss ,5 845,2-76 Financial Income 862, , ,2-965, Finance Expenses , , , 895,7-14 Profit Before Tax & Minorities 2.225, , ,9 83, -1 Net Profit 2.55, , ,6 1.55,4 24,7 EBITDA *(mn.tl) 3.798, ,3-1,6 1.35, ,9 29,2 EBITDA* (mn. TL) CCS 3.934, ,3-24, , 1.121,5-17 EBITDA (mn.tl)-cmb 3.237, ,3-1, ,2 954,1-19,2 EBITDA (mn.tl)-cmb- CCS 3.373, ,3-26,3 17

18 Income Statement (In USD) Q4 Q4 12 M 12 M % Diff. Million USD % Diff Net Sales Gross Profit 1.517,8 1.28, Operating Expenses -322,6-329, Income/Loss from other -249 operations -183, -98, Operating Profit 1.12,2 78, Income/Loss from equity -24 investment 26,7 52, Operating Profit Before Fin. -26 Income/Loss Financial Income 317,3 388, Finance Expenses -537,7-578, Profit Before Tax & Minorities 818,6 644, Net Profit 938, 594, ,8 48,4 13,9 EBITDA *(mn. $) 1.397, ,1-19,5 352,2 48,6 16, EBITDA* (mn. $) CCS 1.432,4 962, -32,8 481,4 354,4-26 EBITDA (mn.$)-cmb 1.191, 96,1-19,4 411,8 282,6-31,4 EBITDA (mn.$)-cmb- CCS 1.226, 797, -35, 18

19 Profit Bridge On Tüpraş 12M Mil. TL ,1 383, , , ,9 667,4 48, , , 5 Profit Before Tax in 215 Yield Difference Crude Oil Differentials Inventory Effect Total Expenditures Crack Margin Differences Pricing, FOB_CIF Diff & FX Others Profit Before Tax in

20 Financial Highlights (mn $) ,19,3,32,24,26,35,4,11,16, EBITDA Net Income Net Debt Return on Average Equity ,4,35,3,25,2,15,1,5, Q H 216 9M 216 2

21 Balance Sheet Analysis 3,46 3,22 3,1 3,28 3,4 2,46 1,74 1,7 1,59 1,36 1,23 1,69 1,98 2,2 4 Cash & Equivalents (Billion $) 2, Receivables (Billion $) ,16 1,72 1,69 1,31,641,68 1,21 1,4,82 1,4 1,64 1,59 2,45 1,72 1,6 1,2,8,4, 1,33,93,71,52,51,9,2,66 1,7,88,91,91,7, Financial Loans (Billion $) 3,7 3,4 3,1 3,2 3,2 3,3 3,7 3,9 4, 4,2 3,6 3,6 3,4,9 1,,3,3,3,4,5,6 1, 1,2 1,1 3,4,6,6,5 2,4 2,6 2,8 2,9 2,9 3, 3,3 3,1 3, 2,8 2,9 2,8 3,1 2, Payables (Billion $) LT Loans ST Loans 21

22 Tüpraş Balance Sheet Million USD Difference % Difference Current Assets Cash & C. Equivalents Receivables Derivatives Inventories Pre-paid expenses Other Current Assets Long Term Assets Financial Assets & Subsidiaries Fixed Assets Derivatives Pre-paid expenses Deferred Tax Other Long Term Assets Total Assets Short Term Liabilities Financial Loans Payables Derivatives Deferred Incomes Provisions Other ST Liabilities Long Term Liabilities Financial Loans Payables & Provisions Derivatives Other LT Liabilities Equity Minority Interests Total Liabilities

23 FX Risk Exposure (31 December 216) Consolidated Assets Consolidated Liabilities Million $ Cash Receivables & other assets 117 Stock 988 Forward & CFH 1,83 Payables 1.92 ST Financials 426 RUP 296 LT Financials: 2,627 RUP Loans: 1,26 Eurobond: 7 Other credits million $ *Cash flow hedge accounting : 1,426 mn $ 23

24 Future Expectations Brent Price Estimation Med Complex Margin Tüpraş Net Margin Capacity Utilisation Investment The average Brent price in 217 is expected to be 55 dollars per barrel on average. We expect Med Complex margins to be between 4. 4,5 dollars per barrel band in 217. Net Tüpraş refinery margin is expected to be in the region of dollars per barrel Expectations for 217; Full Capacity Utilization Production: approximately 29,2 million tons Imports of finished products will be minimal, as we focus on selling increased volumes of production Total sales: 3.6 million tons Refining investments is expected to be 225 Million dollars. Additionally, 125 million USD investment is planned for increasing the marine tanker fleet capacity. 24

25 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the expectations reflected in these statements are reasonable, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially. Neither Tüpraş nor any of its directors, managers or employees nor any other person shall have any liability whatsoever for any loss arising from use of this presentation. 25

26 Extras

27 4rd Quarter Product Yields Coke 2,9% LPG 3,4% Other 1,4% Fuel Oil 7,% Other 4,8% Bitumen 11,5% Black Prod. 21,4% Mid. Distil. 52,3% Light Distil. 21,5% Gasoline 2,9% Naphtha,6% Jet 17,6% Coke 3,1% LPG Other 3,3% 1,2% Fuel Oil 5,% Other 4,5% Bitumen 13,1% Black Prod. 21,2% Mid. Distil. 52,8% Light Distil. 21,5% Gasoline 2,3% Naphtha 1,2% Jet 14,3% Diesel 34,6% Diesel 38,5% White Product 77.49% Production 7.33 mn ton API:3.27 White Product 77.57% Production 7.31 mn ton API:3.1 27

28 Product Yields Coke 1,8% Fuel Oil 1,8% Other 5,2% Bitumen 1,7% ASRFO+Vac,4% Other 5,2% Black Prod. 23,6% Mid. Distil. 49,6% Light Distil. 21,6% Gasoline 2,6% Naphtha 1,% Jet 19,% ASRFO+Vac,3% Fuel Oil 7,2% Coke 2,5% Other 5,3% Other 5,3% Bitumen 12,4% Black Prod. 22,3% Mid. Distil. 5,4% Light Distil. 22,% Gasoline 2,9% Naphtha 1,1% Jet 16,5% Diesel 3,5% Diesel 33,9% White Product 75,43% Production 27,27 mn ton API:31,35 White Product 76,57% Production 27,93 mn ton API:3,62 28

29 Crude Oil (12M) Increased heavy crude supply by 14,2 % after RUP API>34 2,6% 16,6% 6,3% 41,7% 34>API >3 41,7% 41,% API<3 37,7% 42,4% 52,% We are dealing with 65 trading crude oil in Med 29

30 Production (million tons) Middle Distillate Light Distillate 5, 4, 3, 2, 1,, 3,8 3,8 3,7 3,9 3,4 3,1 1,9 2,2 2,5 2,3 2,5 3, 2,3 2,5 1,8 2,1 2,4 2,8 1,2 1,3 1,4 1,4 1,6 2,,7,9 1,,9 1, 1,3 1,6 1,3 1, 1,3 1,3 1, Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 2, 1,5 1,,5, 1,2 1,3 1,3 1,4 1,6 1,6 1,5 1,5 1,6 1,6 1, 1, 1,2 1,3 1,2 1,3 1,5 1,5 1,4 1,4 1,5 1,5,9 1, Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Jet Diesel Gasoline Naphtha 2, 1,5 1,,5, Black Product 1,9 1,6 1,4 1,4 1,5 1,6 1,7 1,5 1,6 1,3,7 1,4 1,2,5,4,6,4,6,4,9,8,8 1, 1, 1,1,8 1, 1,1 1,,8,8,3,5,4,3,4 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Fuel Oil Bitumen Coke 34,5 33,5 32,5 31,5 3,5 29,5 28,5 27,5 Crude Oil API 33,1 32,9 32,5 32,2 31,8 31,9 31,1 3,8 3,33,5 3,33,1 Q 1 Q 2 Q 3 Q

31 Product Yields 6% 5% Middle Distillate 53% 52% 43% 47% 46% 46% 46% 43% 45% 51% 52% 53% 25% 2% Light Distillate 22% 21% 22% 23% 23% 21% 21% 22% 22% 23% 22% 22% 4% 3% 27% 27% 27% 26% 28% 27% 31% 35% 3% 32% 34% 39% 15% 2% 1% 21% 21% 22% 23% 22% 2% 2% 21% 22% 21% 21% 2% 1% 17% 2% 19% 17% 18% 19% 21% 18% 16% 19% 18% 14% 5% % Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Jet Diesel % Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Gasoline Naphtha 35% 3% 25% 2% 15% 1% 5% % 28% 29% 26% 26% 9% 8% 9% 12% Black Product 1% 26% 27% 7% 1% 26% 21% 21% 1% 3% 3% 9% 19% 2% 13% 11% 17% 18% 17% 14% 15% 5% 7% 21% 22% 21% 3% 3% 3% 13% 14% 13% 5% 5% 5% Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Fuel Oil Asphalt Coke 34,5 33,5 32,5 31,5 3,5 29,5 28,5 27,5 Crude Oil API 33,1 32,9 32,5 32,2 31,8 31,9 31,1 3,8 3,5 3,3 3,33,1 Q 1 Q 2 Q 3 Q

32 Sales (Thousand Tons) Domestic Sales Export Volumes : 22.2 mn tons 216 : 24.8 mn tons : 6.4 mn tons 216 : 5.5 mn tons Gasoline Middle Dist. Fuel Oil Other 32

33 Fluctuation in Oil Price & Exchange Rate for Brent Crude Price TL/Dollar 56 3,54 3,54 3,57 3,52 3, ,6 49,8 51,6 55,4 3,42 3, ,32 3, , ,6 39,9 36,2 3,8 4,3 3,7 41,9 3,17 3,12 3,7 3,2 32 2,97 2, , , 2,8 2,82 2,77 33

34 Trading Activities Finished Products Because of low desulfurisation margin in High Sulfur Diesel imports, ULSD imports were increased in paralel to the sales volume rise. Intermediates We have purchased HVGO + LCGO for the conversion units after RUP. Product Imports, Ton* Intermediate Imports, Ton* HVGO LCGO+CO 34

35 Quarterly Price Ratios (product $/bbl/crude $/bbl) 1,5 1,4 1,3 1,2 1,1 1,7 1,24 1,45 Gasoline 1,38 1,31 1,32 1,32 1,24 1,26 1,15 1,12 1,13 1,35 1,3 1,25 1,2 1,15 1,1 1,5 1,14 1,29 1,23 Diesel 1,29 1,25 1,2 1,2 1,16 1,12 1,25 1,23 1,21 1, Q1 Q2 Q3 Q4 1, Q1 Q2 Q3 Q ,3 1,27 Jet Fuel 1,5 Fuel Oil 1,25 1,2 1,15 1,1 1,12 1,22 1,21 1,22 1,21 1,21 1,18 1,17 1,17 1,15 1,1 1,2,9,6,81,81,85,78,8,8,8,67,74,77,61,64 1,5,3 1, Q1 Q2 Q3 Q4, Q1 Q2 Q3 Q

36 Inventory Effect* Analysis $ million Crude Product Total Crude Product Total 1st Quarter -35,1-35,1-7,2-9, -13,4-22,4 2nd Quarter 28,1 38,9 67,1 46,9 7,1 117, 3rd Quarter -45,9-55,7-11,6 2,3 12,8 15,2 4rth Quarter -42,8-4,7-83,5 64,8 58,5 123,4 Sep -5,2,9-4,3 2,4 11,7 32,1 Nov -1,6-17,4-28,1 8,3 4,9 13,2 Dec -27, -24,2-51,1 36,2 41,9 78,1 12 Months -95,6-92,5-188,1 15,1 128, 233,1 *FX effect Included, hedging excluded 1

Q Analyst Teleconference. 9 August 2018

Q Analyst Teleconference. 9 August 2018 9 August 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION CONTENTS 1 REFINING INDUSTRY 2 COMPANY OVERVIEW 3 KEY FINANCIALS 4 INVESTMENTS 1 Refining Industry Brent Crude Oil Prices ($/bbl) 55 5 PROS OPEC & Non OPEC Supply Cut Healthy PMI

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION 1 CONTENTS 1 REFINING INDUSTRY 2 COMPANY OVERVIEW 3 KEY FINANCIALS 4 INVESTMENTS 2 1 REFINING INDUSTRY 3 4 Brent Crude Oil Prices ($/bbl) 55 5 PROS OPEC & Non OPEC Supply Cut Healthy

More information

Welcome Welcome... 1

Welcome Welcome... 1 Welcome Welcome... 1 Presentation Structure Our presentation is split into three sections going through the market, operations and financials 2 3 As it has been indicated previously, it is now much clear

More information

Investor Presentation December 2018

Investor Presentation December 2018 December 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the

More information

BAZAN Group Oil Refineries Ltd. First Quarter 2014 Results. May 2014

BAZAN Group Oil Refineries Ltd. First Quarter 2014 Results. May 2014 BAZAN Group Oil Refineries Ltd. First Quarter 2014 Results May 2014 1 Disclaimer This presentation has been prepared by Oil Refineries Ltd. (the "Company") as a general presentation of the Company and

More information

TOFAŞ Q ANALYST PRESENTATION

TOFAŞ Q ANALYST PRESENTATION TOFAŞ Q1 2016 ANALYST PRESENTATION 03.05.2016 1 2016 Q1 AGENDA Highlights Turkish Automotive Industry Production & Capacity Utilization Domestic Market Developments Tofaş Domestic Market Performance Export

More information

Q INVESTOR PRESENTATION

Q INVESTOR PRESENTATION Q2 216 INVESTOR PRESENTATION Company 3 Overview 2 Refining Industry Key 5 Financials 4 Investments Refining Industry 1.Jul.13 1.Aug.13 1.Sep.13 1.Oct.13 1.Nov.13 1.Dec.13 1.Jan.14 1.Feb.14 1.Mar.14 1.Apr.14

More information

TOFAŞ RESULTS WEBCAST PRESENTATION

TOFAŞ RESULTS WEBCAST PRESENTATION TOFAŞ 31.12.2017 RESULTS WEBCAST PRESENTATION 02.02.2018 AGENDA Highlights Turkish Automotive Industry Production Domestic Market Developments Tofaş Domestic Market Performance Export Markets & Tofaş Performance

More information

Q INVESTOR PRESENTATION

Q INVESTOR PRESENTATION Q1 2015 INVESTOR PRESENTATION Company 02 Overview 01 Refining Industry Key 04 Financials 03 Investments Refining Industry 2.1.14 23.1.14 13.2.14 6.3.14 27.3.14 17.4.14 8.5.14 29.5.14 19.6.14 10.7.14 31.7.14

More information

Investor Presentation May 2018

Investor Presentation May 2018 May 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the expectations

More information

Months Investor Presentation

Months Investor Presentation 2018 9 Months Investor Presentation 25.10.2018 Disclaimer Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations,

More information

INVESTOR PRESENTATION 16 March 2016

INVESTOR PRESENTATION 16 March 2016 INVESTOR PRESENTATION 16 March 2016 Company 02 Overview 01 Refining Industry Key 04 Financials 03 Investments Refining Industry 02.01.2014 15.02.2014 31.03.2014 14.05.2014 27.06.2014 10.08.2014 23.09.2014

More information

Cosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto

Cosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto Cosmo Oil Co., Ltd. Presentation on Results for First Quarter of Fiscal 2012 August 2, 2012 Director: Satoshi Miyamoto Copyright 2012 COSMO OIL CO.,LTD. All Rights Reserved. Key Points of Financial Results

More information

Oil Refineries Ltd. Fourth Quarter and Full Year 2011 Results. March 2012

Oil Refineries Ltd. Fourth Quarter and Full Year 2011 Results. March 2012 Oil Refineries Ltd. Fourth Quarter and Full Year 21 Results March 22 1 Disclaimer This presentation has been prepared by Oil Refineries Ltd. (the "Company") as a general presentation of the Company and

More information

INVESTOR PRESENTATION. November, 2017

INVESTOR PRESENTATION. November, 2017 INVESTOR PRESENTATION November, 217 CONTENTS 1 REFINING INDUSTRY 2 COMPANY OVERVIEW 3 KEY FINANCIALS 4 INVESTMENTS 1 REFINING INDUSTRY Brent Crude Oil Prices ($/bbl) 65 6 55 PROS OPEC & Non OPEC Supply

More information

PETROBRAS ARGENTINA S.A.

PETROBRAS ARGENTINA S.A. PETROBRAS ARGENTINA S.A. Second Quarter 2015 Results Buenos Aires, July 30, 2015 Petrobras Argentina S.A. (Buenos Aires: PESA NYSE: PZE) announces the results for the second quarter ended June 30, 2015.

More information

Financial Statements Matti Lievonen, President & CEO 7 February 2017

Financial Statements Matti Lievonen, President & CEO 7 February 2017 Financial Statements 2016 Matti Lievonen, President & CEO Agenda 1 2 3 4 Year 2016 Financials 2016 Segment reviews Current topics 5 Appendix 2 Disclaimer The following information contains, or may be deemed

More information

Investor Presentation March 2018

Investor Presentation March 2018 March 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the expectations

More information

ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED FEBRUARY 2017

ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED FEBRUARY 2017 ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED 2016 22 FEBRUARY 2017 MSM Malaysia Holdings Berhad Analyst Briefing Q4 2016 22/2/2017 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review

More information

TOFAŞ RESULTS WEBCAST PRESENTATION

TOFAŞ RESULTS WEBCAST PRESENTATION TOFAŞ 31.12.2016 RESULTS WEBCAST PRESENTATION 02.02.2017 1 WEBCAST AGENDA Highlights Turkish Automotive Industry Production Domestic Market Developments Tofaş Domestic Market Performance Export Markets

More information

3Q 2016 Analyst Presentation

3Q 2016 Analyst Presentation 3Q 2016 Analyst Presentation November 18, 2016 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ

More information

Third quarter results Matti Lievonen, President & CEO 26 October 2017

Third quarter results Matti Lievonen, President & CEO 26 October 2017 Third quarter results 2017 Matti Lievonen, President & CEO 26 October 2017 Agenda 1. Q3/17 Group financials 2. January-September 2017 review 3. Q3/17 Segment reviews 4. Current topics 5. Appendix 2 Disclaimer

More information

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business

More information

Analyst Presentation 1Q 2008 Results

Analyst Presentation 1Q 2008 Results Analyst Presentation 1Q 2008 Results 0 Contents Section 1: Section 2: Section 3: Section 4: Section 5: Company Overview IPO Update Operating Performance Consolidated Financial Performance Dividend Update

More information

AOC Holdings, Inc. (TSE:5017)

AOC Holdings, Inc. (TSE:5017) AOC Holdings, Inc. (TSE:5017) (TSE:5017) Report on on Performance in infy2008 (April 1, 1, 2008 2008 March 31, 31, 2009) May May 18, 18, 2009 2009 AOC AOC Holdings, Inc. Inc. www.aochd.co.jp 1 Chapter

More information

Q Matti Lievonen President and CEO

Q Matti Lievonen President and CEO Q1 2018 Matti Lievonen President and CEO CONTENTS 1. Q1 2018 review 2. Group financials 3. Segment reviews 4. Current topics 5. Appendix 2 Disclaimer The following information contains, or may be deemed

More information

Supporting Material for Third Quarter Results 2012

Supporting Material for Third Quarter Results 2012 Supporting Material for Third Quarter Results 2012 31 October 2012 1 Notes This document contains forward-looking statements concerning the results of operations and businesses of. Forward-looking statements

More information

INCREASING SALES FOR MINING RELATED BUSINESS

INCREASING SALES FOR MINING RELATED BUSINESS Investor Relations of PT UNITED TRACTORS Tbk INCREASING SALES FOR MINING RELATED BUSINESS In the first half 2001, the Company managed to record increase in net revenue from IDR 2.32 trillion to IDR 3.54

More information

Continued strong performance in key businesses

Continued strong performance in key businesses Continued strong performance in key businesses SECOND QUARTER PRELIMINARY RESULTS August 9, Disclaimer "This presentation and the associated slides and discussion contain forward-looking statements. These

More information

PETROBRAS ARGENTINA S.A.

PETROBRAS ARGENTINA S.A. PETROBRAS ARGENTINA S.A. Fiscal Year 2014 Results Buenos Aires, February 4, 2015 Petrobras Argentina S.A. (Buenos Aires: PESA NYSE: PZE) announces the results for fiscal year ended December 31, 2014. Petrobras

More information

Positive and increasing results in 2016

Positive and increasing results in 2016 Positive and increasing results in 2016 Rompetrol Rafinare S.A. (symbols, Bucharest Stock Exchange: RRC, Reuters: ROMP.BX, Bloomberg: RRC RO) has released today its fourth quarter 2016 and 2016 financial

More information

Jordan Petroleum Refinery Company Equity Report. Jordan Petroleum Refinery Company June June 14, 2009

Jordan Petroleum Refinery Company Equity Report. Jordan Petroleum Refinery Company June June 14, 2009 Jordan Petroleum Refinery Company Equity Report June 14, 2009 Serene Zawaydeh Head of Research Awraq Investments szawaydeh@awraq.com P a g e 1 Table of Contents Executive Summary... 1 Financial Highlights...

More information

Cosmo Oil Co., Ltd. The Third Consolidated Medium-Term Management Plan and Results of the First Quarter of Fiscal Year 2009

Cosmo Oil Co., Ltd. The Third Consolidated Medium-Term Management Plan and Results of the First Quarter of Fiscal Year 2009 Cosmo Oil Co., Ltd. The Third Consolidated Medium-Term Management Plan and Results of the First Quarter of Fiscal Year 2009 August 3, 2009 Managing Director Satoshi Miyamoto [Q1 FY2009 Results] Consolidated

More information

Q3 and Q1-Q3Q preliminary results

Q3 and Q1-Q3Q preliminary results MOL Hungarian Oil and Gas Company Q3 and Q1-Q3Q3 2005 preliminary results November 11,, 2005 Disclaimer "This presentation and the associated slides and discussion contain forward-looking statements. These

More information

Healthier Net Profit under Stronger IDR

Healthier Net Profit under Stronger IDR Investor Bulletin, First Half 2002 Healthier Net Profit under Stronger IDR As of June 2002, the consolidated revenue in USD increased by 32% y.o.y. Due to IDR strengthening against USD, in IDR revenue

More information

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress

More information

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 Nine Month Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives 1

More information

GOOD OPERATIONAL RESULTS IN H1 2011

GOOD OPERATIONAL RESULTS IN H1 2011 GOOD OPERATIONAL RESULTS IN H1 2011 Rompetrol Rafinare S.A. (symbols, Bucharest Stock Exchange: RRC, Reuters: ROMP.BX, Bloomberg: RRC RO) has released today its Second Quarter and First Semester 2011 financial

More information

9M 2003 Financial Results (US GAAP)

9M 2003 Financial Results (US GAAP) 9M Financial Results (US GAAP) January 2004 LUKOIL Group Crude Oil Production* mln tonnes 82 80 78 76 74 72 70 68 66 64 Crude oil production 3.2 5.5 3.9 76.8 70.3 71.3 2001 Production by subsidiaries Share

More information

Stronger Fundamental and Excellent Growth

Stronger Fundamental and Excellent Growth Investor Bulletin, First Half 2004 Stronger Fundamental and Excellent Growth For the first six months of 2004, PT United Tractors Tbk (UT/Company) recorded consolidated net revenue of IDR 4.29 trillion,

More information

ANALYST BRIEFING FOR THE THIRD QUARTER ENDED NOV 2016

ANALYST BRIEFING FOR THE THIRD QUARTER ENDED NOV 2016 ANALYST BRIEFING FOR THE THIRD QUARTER ENDED 2016 21 NOV 2016 MSM Malaysia Holdings Berhad Analyst Briefing Q3 2016 21/11/2016 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review Sugar

More information

PRESS RELEASE PIAGGIO GROUP: FIRST NINE MONTHS Consolidated net sales million ( 1,112.3 mln in first nine months 2012)

PRESS RELEASE PIAGGIO GROUP: FIRST NINE MONTHS Consolidated net sales million ( 1,112.3 mln in first nine months 2012) PRESS RELEASE PIAGGIO GROUP: FIRST NINE MONTHS 2013 Consolidated net sales 955.0 million ( 1,112.3 mln in first nine months 2012) Ebitda 133.7 million ( 156.0 mln in first nine months 2012) Ebitda margin

More information

3 rd Quarter 2017 Results

3 rd Quarter 2017 Results Inside your life! 3 rd Quarter 2017 Results October 25, 2017 Mobile Automotive Display Semiconductor IoT LED Contents Ⅰ. Q3 2017 Earnings Summary Ⅱ. Earnings Highlight & Outlook Ⅲ. Results & Outlook by

More information

Regional Refining Outlook

Regional Refining Outlook Regional Refining Outlook Implications for Crude Demand Platts Crude Summit 15 May 213 David Wech JBC Energy GmbH 13 th May 213 Research - Energy Studies - Consulting - Training Disclaimer All statements

More information

Analysts Briefing. 23 August 2016

Analysts Briefing. 23 August 2016 Analysts Briefing 23 August 2016 1 Disclaimer This presentation contains forward looking statements concerning the financial condition, results and operations of The New Zealand Refining Company Limited

More information

Interim report Q3 2014

Interim report Q3 2014 Interim report Q3 2014 CEO Daniel Skjeldam CFO Erik Hansen 6 November 2014 Agenda Highlights and Key Figures Operational & Financial review Outlook Q&A 2 Highlights and key figures NOK 77 million pre tax

More information

2015 Interim Results Announcement

2015 Interim Results Announcement China Petroleum & Chemical Corporation 2015 Interim Results Announcement August 27, 2015 Hong Kong Cautionary Statement This presentation and the presentation materials distributed herein include forward-looking

More information

282m 75% +575m. Net sales Operating income before non-recurring items. Operating margin before non-recurring items. Net Loss.

282m 75% +575m. Net sales Operating income before non-recurring items. Operating margin before non-recurring items. Net Loss. First-Half 2009 Financial Highlights Net sales Operating income before non-recurring items Operating margin before non-recurring items Net Loss Net debt-to-equity ratio Free cash flow** 7,134m 282m 4.0%

More information

Historical results reached in 2017

Historical results reached in 2017 Historical results reached in 2017 Rompetrol Rafinare S.A. (symbols, Bucharest Stock Exchange: RRC, Reuters: ROMP.BX, Bloomberg: RRC RO) has released today its fourth quarter 2017 and 2017 financial and

More information

ERGMed Coastal. Refining

ERGMed Coastal. Refining ERGMed Coastal Refining 11 Refining Industry Trend: Capacity World total oil products demand and crude runs increasing, faster than refining capacity. World Source: International Energy Agency (IEA), Oil

More information

Formosa Petrochemical Corporation 2006 Q3 Financial Results

Formosa Petrochemical Corporation 2006 Q3 Financial Results Formosa Petrochemical Corporation 26 Q3 Financial Results November 26 Index Our Company 2 Financials 3 Refinery Division 4 Olefins Division 5 Capital Expansion 2 Our Company: Leading Private Integrated

More information

1 st Half 2018 Results. August 1 st, 2018

1 st Half 2018 Results. August 1 st, 2018 1 st Half 2018 Results August 1 st, 2018 H1 HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 2 First Half 2018 Key Messages Challenging market and business environment Continued investment in targeted Brand

More information

Supporting Material for 1Q Results 2018

Supporting Material for 1Q Results 2018 1 Supporting Material for Results 218 - From Jan/218 to Mar/218-9 th May 218 Showa Shell Sekiyu K.K Notes 2 This document contains forward-looking statements concerning the results of operations and businesses

More information

Lazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results

Lazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results Tampa, FL (November 8, 2018) Lazydays Holdings, Inc. ( Lazydays ) (NasdaqCM:

More information

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for FY 2011 Hanover, 19 January 2012

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for FY 2011 Hanover, 19 January 2012 On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for FY 2011 Agenda Delticom at a Glance Business Model Profit & Loss Balance Sheet Outlook 2 Agenda

More information

MONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS

MONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer

More information

Energy Outlook. U.S. Energy Information Administration. For EnerCom Dallas February 22, 2018 Dallas, TX

Energy Outlook. U.S. Energy Information Administration. For EnerCom Dallas February 22, 2018 Dallas, TX Energy Outlook For EnerCom Dallas Dallas, TX Jeff Barron Industry Economist, U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

Q3 & 9M 2018 Results Presentation. October 24 th, 2018

Q3 & 9M 2018 Results Presentation. October 24 th, 2018 Q3 & 9M 2018 Results Presentation October 24 th, 2018 Q3 & 9M HIGHLIGHTS & CATEGORY SPOTLIGHTS Gonzalve BICH 3Q and 9M 2018 Results Presentation 2 9 Months 2018 Key Messages Continued challenging trading

More information

Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results

Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results News Contact: +1 (813) 204-4099 investors@lazydays.com Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results Tampa, FL (August 9, 2018) Lazydays Holdings, Inc. ( Lazydays )(NasdaqCM: LAZY)

More information

Management s Discussion and Analysis (MD&A) Thai Oil Public Company Limited and subsidiaries For the Second Quarter and the First Half of 2011

Management s Discussion and Analysis (MD&A) Thai Oil Public Company Limited and subsidiaries For the Second Quarter and the First Half of 2011 Management s Discussion and Analysis (MD&A) Thai Oil Public Company Limited and subsidiaries For the Second Quarter and the First Half of 2011 1. Company and its subsidiaries Operating Results Table 1:

More information

Management s analysis of the financial position and operating results of Bashneft Group for the three months ended 30 June and 31 March 2014 and for

Management s analysis of the financial position and operating results of Bashneft Group for the three months ended 30 June and 31 March 2014 and for Management s analysis of the financial position and operating results of Bashneft Group for the three months ended 30 June and 31 March 2014 and for the six months ended 30 June 2014 and 2013 2 This report

More information

Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer

Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer PRESS RELEASE 2018 results (1) March 14, 2019 Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer Revenue:

More information

Third Quarter 2018 Performance and Business Update. October 24, 2018

Third Quarter 2018 Performance and Business Update. October 24, 2018 Third Quarter 2018 Performance and Business Update October 24, 2018 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing

More information

Hindalco Industries Limited. Performance Review Q3 FY08 30 th January 08

Hindalco Industries Limited. Performance Review Q3 FY08 30 th January 08 Hindalco Industries Limited Performance Review Q3 FY08 30 th January 08 Highlights & Backdrop Backdrop : Q3 FY08 Adverse Global Macro economic factors US Sub prime crisis a double barrel impact: A sharp

More information

Kongsberg Automotive ASA. Fourth quarter February 28, 2019

Kongsberg Automotive ASA. Fourth quarter February 28, 2019 Kongsberg Automotive ASA Fourth quarter - February 28, 2019 Highlights Q4 Sales Revenues grew by 21 (7.3%) YoY to 288 including negative FX effects of 1. We booked new business with 77 in expected annual

More information

JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER th FEBRUARY 2017

JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER th FEBRUARY 2017 JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER 2016 14 th FEBRUARY 2017 DISCLAIMER Statements in this presentation describing the objectives, projections, estimates and expectations of

More information

Business Opportunities downstream. Hellenic Petroleum s perspective

Business Opportunities downstream. Hellenic Petroleum s perspective Business Opportunities downstream Hellenic Petroleum s perspective 9 th SE Europe Energy Dialogue Thessaloniki, Greece 29-30 June 2016 Daniil Antonopoulos Thessaloniki Refinery Operations Manager Hellenic

More information

Nissan Motor Co., Ltd. February 12 th, 2019

Nissan Motor Co., Ltd. February 12 th, 2019 Nissan Motor Co., Ltd. February 12 th, 2019 NET REVENUE 2,875.5 3,045.7 OPERATING PROFIT *1 NET INCOME 301.6 FREE CASH FLOW (AUTO) NET CASH (AUTO) 1,311.4 1,334.4 US TAX REFORM 207.7 82.4 103.3 93.9 *2

More information

1H 2003 Financial Results (US GAAP)

1H 2003 Financial Results (US GAAP) 1H 2003 Financial Results (US GAAP) October 2003 Crude Oil Production Growth bpd 1.52 1.50 1.48 1.46 1.44 1.42 1.40 Jan- 03 Daily crude production Feb- 03 Mar- 03 Apr- 03 May- 03 Jun- 03 Crude oil production*

More information

Third Quarter 2017 Performance and Business Update. October 26, 2017

Third Quarter 2017 Performance and Business Update. October 26, 2017 Third Quarter 2017 Performance and Business Update October 26, 2017 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing

More information

Financial Result for 3 rd Quarter of Fiscal Year 2004

Financial Result for 3 rd Quarter of Fiscal Year 2004 Financial Result for 3 rd Quarter of Fiscal Year 2004 January 28, 2005 Yokogawa Electric Corporation 1 Revised Budget FY03 Result Budget 2004/5/11 Revised Budget 2004/11/9 (a) 2005/1/28 (b) (b)-(a) 390.5

More information

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY THE U.S. Energy DATABOOK A summary of national and global energy indicators JULY 1, 17 FEDERAL RESERVE BANK of KANSAS CITY SUMMARY OF CURRENT ENERGY CONDITIONS The number of total active drilling rigs

More information

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS New Mazda Demio Mazda Motor Corporation October 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Half Results Fiscal Year March

More information

Roadshow Presentation

Roadshow Presentation Roadshow Presentation June 2, Wilfried Trepels, CFO 1 SAF-HOLLAND - Components Fifth Wheels Kingpins Suspensions Landing Gear Axle Systems 2 SAF-HOLLAND - Business Units Trailer Systems Powered Vehicle

More information

Q Financial Results

Q Financial Results Q3 2018 Financial Results 1 Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected

More information

ASPHALT SUPPLY IN A VOLATILE OIL WORLD. Bill Haverland ConocoPhillips Company

ASPHALT SUPPLY IN A VOLATILE OIL WORLD. Bill Haverland ConocoPhillips Company ASPHALT SUPPLY IN A VOLATILE OIL WORLD Bill Haverland ConocoPhillips Company Issues to be Discussed Crude Oil Supply Crude Oil Pricing Refining Capacity Products Supply Products Pricing Future of the Industry

More information

2010 Interim Results Presentation. August 23, 2010 Hong Kong

2010 Interim Results Presentation. August 23, 2010 Hong Kong Sinopec Corp. 21 Interim Results Presentation August 23, 21 Hong Kong Disclaimer i This presentation and the presentation materials distributed herein include forwardlooking statements. All statements,

More information

ROMPETROL RAFINARE. Corporate Presentation -1-

ROMPETROL RAFINARE. Corporate Presentation -1- ROMPETROL RAFINARE Corporate Presentation 2007-1- Table of Contents Group Overview History Corporate Legal Structure Rafinare ( RRC ) Shareholders Operations * Refining * Petrochemicals * Marketing Strategy

More information

A perspective on the refining industry. Platts European Refining Summit Brussels, 29 September2016 Kristine Petrosyan, International Energy Agency

A perspective on the refining industry. Platts European Refining Summit Brussels, 29 September2016 Kristine Petrosyan, International Energy Agency A perspective on the refining industry Platts European Refining Summit Brussels, 29 September2016 Kristine Petrosyan, International Energy Agency OECD/IEA 2016 mb/d European refiners: busy 2015 OECD Europe

More information

KIRBY CORPORATION ANNOUNCES 2017 FIRST QUARTER RESULTS first quarter earnings per share of $0.51 compared with $0.71 in the 2016 first quarter

KIRBY CORPORATION ANNOUNCES 2017 FIRST QUARTER RESULTS first quarter earnings per share of $0.51 compared with $0.71 in the 2016 first quarter KIRBY CORPORATION FOR IMMEDIATE RELEASE Contact: Brian Carey 713-435-1413 KIRBY CORPORATION ANNOUNCES 2017 FIRST QUARTER RESULTS 2017 first quarter earnings per share of $0.51 compared with $0.71 in the

More information

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for 9M 2011 Hanover, 18 October 2011

On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for 9M 2011 Hanover, 18 October 2011 On track. Investor and Analyst Presentation On the Occasion of the Release of the Preliminary Figures for 9M 2011 Agenda Delticom at a Glance Business Model Profit & Loss Balance Sheet Outlook 2 Agenda

More information

JAGUAR LAND ROVER INVESTOR CALL

JAGUAR LAND ROVER INVESTOR CALL JAGUAR LAND ROVER INVESTOR CALL RESULTS FOR THE THREE AND SIX MONTHS ENDED 30 SEPTEMBER 2017 Kenneth Gregor, CFO 9 th NOVEMBER 2017 DISCLAIMER Statements in this presentation describing the objectives,

More information

Financial Results 4 th Quarter, 2007

Financial Results 4 th Quarter, 2007 February 29, 2008 Financial Results 4 th Quarter, 2007 1/32 Content 2007 Operating and Financial Highlights 4Q07 Main Highlights Upstream Downstream International Trade Financial Results Other Relevant

More information

ASPHALT SUPPLY IN A VOLATILE OIL WORLD. Bill Haverland ConocoPhillips Company

ASPHALT SUPPLY IN A VOLATILE OIL WORLD. Bill Haverland ConocoPhillips Company ASPHALT SUPPLY IN A VOLATILE OIL WORLD Bill Haverland ConocoPhillips Company Issues to be Discussed Crude Oil Supply Crude Oil Pricing Refining Capacity Products Supply Products Pricing Future of the Industry

More information

Methodology and specifications guide China Oil Analytics

Methodology and specifications guide China Oil Analytics Methodology and specifications guide China Oil Analytics Latest update: March 2018 Scope of service 2 Contact us 2 Frequency of publication 2 Frequency of data updates 2 Data and analysis sources 2 Forecasting

More information

Pakistan Refining Industry An Overview

Pakistan Refining Industry An Overview Pakistan Refining Industry An Overview October 2016 Oil World Crude Oil Reserves Largely sustained level of reserves Largest Region Contributes 47% (2014: 47.2%) Global proven oil reserves in 2015 fell

More information

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS Mazda Roadster 25 th Anniversary Model Mazda Motor Corporation July 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Quarter

More information

The barrel-tonne conversion factor used in this report is 7.3.

The barrel-tonne conversion factor used in this report is 7.3. Management s analysis of the financial position and operating results of Bashneft Group for the three months ended 31 December and 30 September 2015 and for the twelve months ended 31 December 2015 and

More information

PTG ENERGY PUBLIC COMPANY LIMITED. Opportunity Day. 2Q/2017 Performance Results

PTG ENERGY PUBLIC COMPANY LIMITED. Opportunity Day. 2Q/2017 Performance Results PTG ENERGY PUBLIC COMPANY LIMITED Opportunity Day 2Q/2017 Performance Results PTG Businesses Retailing and Wholesaling Fuel Products Non-Fuel Products Logistics Business (Fuel logistics and Depot) Renewable

More information

2013 Final Results. 19 March 2014

2013 Final Results. 19 March 2014 2013 Final Results 19 March 2014 Important Notice The information contained herein is meant for presentation purposes only and may not be used and relied upon by any other party. It is not to be taken

More information

Operating Refineries in a High Cost Environment. Options for RFS Compliance. March 20, Baker & O Brien, Inc. All rights reserved.

Operating Refineries in a High Cost Environment. Options for RFS Compliance. March 20, Baker & O Brien, Inc. All rights reserved. Operating Refineries in a High Cost Environment Options for RFS Compliance March 2, 217 Baker & O Brien, Inc. All rights reserved. Discussion Points Introduction Renewable Fuels Standard (RFS) Overview

More information

Diesel prices at multi-year highs mean pain at the pump

Diesel prices at multi-year highs mean pain at the pump Diesel prices at multi-year highs mean pain at the pump Conflicting signals from Wall Street keep commodity prices unsettled By Bryce Knorr, senior grain market analyst Headline news this week provided

More information

BUSINESS OVERVIEW FEBRUARY

BUSINESS OVERVIEW FEBRUARY BUSINESS OVERVIEW FEBRUARY 2018 Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief

More information

1. Trends in the current fiscal year and previous fiscal year 3. Business overview 2. Secular trends in first quarter financial results

1. Trends in the current fiscal year and previous fiscal year 3. Business overview 2. Secular trends in first quarter financial results FY2/19 (March 2018~May 2018) Fact Book 1. Trends in the current fiscal year and previous fiscal year 3. Business overview (1) Performance overview P. 1 (1) No. of students at the end of month P. 6 (2)

More information

Kongsberg Automotive ASA. Third quarter November 7, 2018

Kongsberg Automotive ASA. Third quarter November 7, 2018 Kongsberg Automotive ASA Third quarter - November 7, Q3 Highlights Continued improvements in turbulent times Revenues increased YoY by MEUR 18.3 (~8%) to MEUR 259 including negative FX effects of MEUR

More information

Conférence d Automne - Cheuvreux. Paris, September 26 th, 2011

Conférence d Automne - Cheuvreux. Paris, September 26 th, 2011 Conférence d Automne - Cheuvreux Paris, September 26 th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company

More information

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018 Market Report Series: Oil 218 Analysis & Forecasts to 223 Energy Community 1 th Oil Forum, Belgrade, 25 September 218 Short term update: crude prices (excl. WTI) up strongly Aug/Sep $/bbl 8 Benchmark Crude

More information

Sinopec Corp. Q Results Announcement. 29 October 2010

Sinopec Corp. Q Results Announcement. 29 October 2010 Sinopec Corp. Q3 2010 Results Announcement 29 October 2010 Disclaimer i As required by the CSRC, financial statements of the third quarter of Sinopec Corp. (the Company ) were prepared under PRC Accounting

More information