Engro Polymer & Chemicals Limited · PSX:EPCL
Engro Polymer & Chemicals — Q3 2015 Earnings Presentation
10 slides from Engro Polymer & Chemicals's earnings presentation, Dec 16, 2015
Slide 1: Analyst Briefing – 3Q 2015
engro polymer & chemicals ANALYST BRIEFING — 3Q 2015
Slide 2: Summary
Summary • In 3Q 2015, the Company achieved a revenue of Rs 4,646 Mn as against Rs. 5,244 Mn in 3Q 2014 • The Company posted a loss after tax of Rs. 379 Mn as against a loss after tax of Rs. 157 Mn in 3Q 2014 • The loss per share for 3Q stood at Rs 0.57 as compared to a loss per share Rs 0.24 in the
Slide 3: International Business Context
International Business Context • International PVC Price USD/Ton Q1 Q2 Q3 Q4 – During 3Q, PVC prices posted 1,100 a decrease; dropping to a year low in September 2015 844 851 900 801 700 November August March July January October December May June September February April 2012 2013 2014 2015 • Inter
Slide 4: Ethylene, Crude oil and PVC
Ethylene, Crude oil and PVC • Analysis of ethylene and crude oil prices USD/Ton USD/bbl – Crude oil and ethylene prices 1,600 1,408 120 rationalized towards the end 1,400 1,148 of the 3Q 1,200 1,031 90 1,000 831 800 60 64 56 61 49 600 30 August January April May June December October March September
Slide 5: Domestic Market Overview
Domestic Market Overview PVC Caustic • Domestic market remained strong in 3Q 2015 • Caustic market remained stable in 3Q 2015: – During the quarter, the Company posted a 22% – On a quarterly basis, sales were lower by 20% vs volumetric growth on YoY basis and secured a last year due to lower product
Slide 6: Highlights – Vinyls
Highlights – Vinyls 3Q 2015 3Q 2014 9M 2015 9M 2014 PVC production (KT) 40 41 119 109 VCM production (KT) 47 40 120 115 PVC Sales in (KT) Local 33 27 113 91 Export 0.7 4 16 10 PVC Domestic Market Share * • PVC domestic sales remained strong due to robust demand from 6% construction sector & govt. pr
Slide 7: Highlights – Caustic & Allied
Highlights – Caustic & Allied 3Q 2015 3Q 2014 9M 2015 9M 2014 Caustic Production (KT) 22 32 74 87 Caustic Sales Volume (KT) 18 22 64 69 Hypo Sales (KT) 4 5 12 15 HCL Sales in (KT) 5 4 14 12 Caustic Domestic Market Share * • Domestic caustic market remained stable during the period • On a YTD basis s
Slide 8: Financial Highlights
Financial Highlights • Financial Performance PKR Million 3Q 2015 3Q 2014 9M 2015 9M 2014 Total Revenue 4,646 5,244 17,063 17,146 EBITDA 85 4,947 805 1,706 Profit/(Loss) Before Tax (531) (211) (1,056) (2) \ Profit/(Loss) After Tax (379) (157) (812) (33) • Variance as compared to 3Q 2014 was witnessed
Slide 9: Outlook for 4Q
Outlook for 4Q • PVC demand is expected to remain strong in the upcoming quarters on account of favorable construction outlook, improving economic sentiment and easing interest rates • Domestic demand of Caustic Soda is expected to remain stable. Market development efforts are likely to bring additi
Slide 10: Thank You
engro polymer & chemicals Thank You 10
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