Engro Polymer & Chemicals Limited · PSX:EPCL
Engro Polymer & Chemicals — 1H 2021 Earnings Presentation
8 slides from Engro Polymer & Chemicals's earnings presentation, Aug 11, 2021
Slide 1: Analyst Briefing – 2Q 2021
ANALYST BRIEFING – 2Q 2021 Evolve I Adapt I Grow
Slide 2: Key achievement & highlights
Key achievement & highlights 1H 2021 ➢ Highest ever PAT ➢ Highest ever Dividend ➢ COD of VCM DBN - benefits to flow from 2nd half ➢ Highest ever market share for PVC (1H21: 95%; 1H20: 64%) ➢ PVC Exports of 8 KT ➢ Caustic liquid & flakes export transaction of 2KT & 1KT, respectively ➢ Regained causti
Slide 3: Domestic market overview - PVC
Engro Polymer & Chemicals Limited Domestic market overview - PVC PVC sales increased in the quarter compared to last year despite the high PVC international prices. EPCL introduced various schemes to support the domestic market Pipes and fittings remains major application of PVC in PVC - Quarterly S
Slide 4: Domestic market overview - Caustic
Engro Polymer & Chemicals Limited Domestic market overview - Caustic We estimate that domestic Caustic market declined ~10 % in 1H 2021 due to rising COVID cases in Europe which resulted in slowdown of textile exports. This was also followed by high cotton prices and gas supply issues at customers.
Slide 5: International Business Context
Engro Polymer & Chemicals Limited International Business Context International PVC Price USD/Ton 1800 Q1 Q2 Q3 Q4 PVC international prices declined this quarter because of; 1600 1400 ✓ COVID related lockdowns in India & other Asian 1200 regions 1000 800 ✓ Monsoon season in India 600 ✓ Plants that ca
Slide 6: Performance vs 1H 2020
Engro Polymer & Chemicals Limited Performance vs 1H 2020 PKR million 1H 2021 1H 2020 Total revenue 30,496 12,874 Profit after tax 7,265 223 EPS Basic (PKR/Share) 7.99 0.24 EPS Diluted (PKR/Share) 6.01 0.24 ❖ EPCL announced commercial operations of the new VCM DBN capacity on 25th June 2021 ❖ The inc
Slide 7: Outlook
Engro Polymer & Chemicals Limited Outlook • PVC prices will remain range-bound, with increasing demand from India, China and high exports from US as major plants resume operations post force majeure / turnaround declared in Feb 2021 • Ethylene prices are expected to decline due as new capacities com
Slide 8: Thank You
engro THANK YOU
Engro Polymer & Chemicals — 1H 2021 Earnings Presentation on 6ix