Engro Polymer & Chemicals Limited · PSX:EPCL
Engro Polymer & Chemicals — FY2013 Earnings Presentation
8 slides from Engro Polymer & Chemicals's earnings presentation, Feb 4, 2014
Slide 1: Analyst Briefing – 2013
ANALYST BRIEFING – 2013 FEBRUARY 4, 2014
Slide 2: Summary – 2013
Summary – 2013 • In 2013, company recorded a Revenue of PKR 24.8 Bn as compared to PKR 20.6 Bn in 2012 • Company posted a Profit After Tax (PAT) of PKR 707 Mn in the 2013 as against Profit After Tax of PKR 77 Mn in 2012 • Highest ever sales of Domestic PVC, Caustic Soda, Sodium Hypo and VCM exports
Slide 3: International Business Context
International Business Context • International PVC Price USD/Ton – International PVC prices 1,300 remained flattish in 2013 1,100 • Mild drop was witnessed in 900 spring 700 • Prices bounced back due November August March July January December May June September October February April strong pre mon
Slide 4: Highlights – Vinyls
Highlights – Vinyls PVC Production profile (KT) 2013 2012 180 146 146 PVC Sales in KT 122 111 114 120 Local 139 133 170 Export 4 13 146 60 98 PVC Base Price ($/MT) 1,052 979 64 - 6 Ethylene Avg. Price ($/MT) 1,358 1,178 2009 2010 2011 2012 2013 In House VCM production Imported VCM PVC Production PVC
Slide 5: Highlights – Caustic & Allied
Highlights – Caustic & Allied Caustic Production profile (KT) 2013 2012 120 Thousands Caustic Sales Volume (KT) 100 90 80 Caustic Price (Rs/MT) 49,369 44,212 107 115 93 100 40 Caustic Domestic Market Share * - 2010 2011 2012 2013 Caustic Production 37% • Caustic sales witnessed healthy growth of 10%
Slide 6: Financial Highlights
Financial Highlights • Company posted strong financial performance in 2013 as compared to 2012 PKR Million 2013 2012 Total Revenue 24,781 20,606 Contribution Margin 7,759 6,205 EBITDA 4,051 3,205 Profit Before Tax 1,343 212 Profit After Tax 707 77 • Variance as compared to 2012 was witnessed on acco
Slide 7: Major Developments & Outlook
Major Developments & Outlook • Completed first phase of de bottlenecking, resulting in an increase in production of 6 KT • Initiated 2nd bottlenecking which will result in production increase of 15 KT and will materialize in 3Q 2014 • Debottlenecking will enable high product availability in the mark
Slide 8: Thank You
engro polymer & chemicals Thank You
Engro Polymer & Chemicals — FY2013 Earnings Presentation on 6ix