Engro Polymer & Chemicals Limited · PSX:EPCL
Engro Polymer & Chemicals — Q1 2016 Earnings Presentation
10 slides from Engro Polymer & Chemicals's earnings presentation, Dec 22, 2016
Slide 1: Analyst Briefing 1Q 2016
engro polymer & chemicals ANALYST BRIEFING 1Q 2016
Slide 2: Summary
Summary • In 1Q 2016, the Company achieved a revenue of Rs 5,739 Mn as against Rs. 6,701 Mn in 1Q 2015 • The Company posted a profit after tax of Rs. 18 Mn as against a loss after tax of Rs. 107 Mn in 1Q 2015 • The profit per share for 1Q ‘16 stood at Rs 0.03 as compared to a loss per share Rs 0.16
Slide 3: International Business Context
International Business Context • International PVC Price USD/Ton Q1 Q2 Q3 Q4 – During 1Q, PVC prices posted 1,200 an increase breaking the 1,000 decreasing trend from the 800 775 previous quarters 722 600 January April August May December June September November March October February 2012 2013 July
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 1,700 80 1,500 maintained the same trajectory 60 1,300 38 38 in the 1Q ’16. The quantum of 40 price increase in ethylene was 1,100 900 1,128 1091 20 majorly backed by supply 700 0 constra
Slide 5: Domestic Market Overview
Domestic Market Overview PVC Caustic • Domestic market remained strong in 1Q 2016 • Caustic market remained stable in 1Q 2016: – EPCL achieved its highest ever quarterly sales – On a quarterly basis, domestic sales were lower and also achieved its highest quarterly which was compensated by an increa
Slide 6: Highlights – Vinyls
Highlights – Vinyls 1Q 2016 1Q 2015 PVC production (KT) 46 41 VCM production (KT) 50 41 PVC Sales in (KT) Local 45 40 Export 1 13 PVC Domestic Market Share * 1% 16% 83% EPCL Sales Resin Imports Scrap Imports * Market share is based on our best estimates and have not been verified by an independent s
Slide 7: Highlights – Caustic & Allied
Highlights – Caustic & Allied 1Q 2016 1Q 2015 Caustic Production (KT) 29 26 Caustic Sales Volume (KT) 25 24 Hypo Sales (KT) 5 3 HCL Sales in (KT) 5 4 Caustic Domestic Market Share * 32% 68% EPCL Others * Market share is based on our best estimates and have not been verified by an independent source
Slide 8: Financial Highlights
Financial Highlights • Financial Performance PKR Million 1Q 2016 1Q 2015 Total Revenue 5,739 6,701 EBITDA 627 555 Profit/(Loss) Before Tax 24 (125) \ Profit/(Loss) After Tax 18 (107) • Variance as compared to 1Q 2015 was witnessed on account of: – Strong PVC demand in the domestic market – Higher pr
Slide 9: Outlook for 2Q '16
Outlook for 2Q ‘16 • PVC domestic demand is expected to remain strong in the coming quarters as market appetite seems favorable on the back of an improved economic sentiment & construction outlook • Domestic demand of Caustic Soda is expected to remain stable • PVC and ethylene core delta may remain
Slide 10: Thank You
engro polymer & chemicals Thank You 10
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