2Q2020 Analyst Presentation
August 17, 2020
2Q2020 Analyst Presentation August 17, 2020 Disclaimer The - - PowerPoint PPT Presentation
2Q2020 Analyst Presentation August 17, 2020 Disclaimer The information contained in this presentation is provided by Esso (Thailand) Public Company Limited (the "Company") and is subject to change without notice, its accuracy is not
August 17, 2020
The information contained in this presentation is provided by Esso (Thailand) Public Company Limited (the "Company") and is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the
person accepts any liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or
This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of
are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. Forward-looking statements are based on management’s knowledge and reasonable expectations on the date hereof, and the Company assumes no duty to update these statements as of any future date. This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. No reliance may be placed for any purposes whatsoever on the information set forth in this presentation or on its completeness.
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Source : Reuters: Oil prices, Industry GRM, GDP forecast : Fiscal Policy office:, DOEB : Industry demand growth
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Covid-19 pandamic
Anniversary
1.3
2.9
2Q19 1Q20 2Q20 1H19 1H20 7.5 6.7 2.6 5.6 4.6 12.8 11.7 7.1 13.1 9.4 2Q19 1Q20 2Q20 1H19 1H20 UGP ADO 135 122 111 140 117 2Q19 1Q20 2Q20 1H19 1H20
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Industry Gross Refining Margin ($/Bbl) Crack Spread ($/Bbl) Crude Intake (KBD)
Source : Industry GRM and Crack Spread from Reuters
Gross Refining Margin ($/Bbl)
3.5 1.2
3.3 0.2 2Q19 1Q20 2Q20 1H19 1H20
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Crude Intake by Source Sales Channel
1H19 1H20 24% 30% 44% 34% 31% 36% Middle East Far East & South East Asia Others 1H19 1H20 5% 6% 40% 41% 55% 53% Commercial Retail Export
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Production by Type Product Yields
1H19 1H20 17% 17% 11% 10% 44% 44% 28% 29% Light Middle Heavy Feedstock 1H19 1H20 17% 17% 9% 8% 2% 2% 9% 6% 35% 38% 19% 22% 4% 3% 5% 4% LPG Naphtha Gasoline Diesel Jet/Kerosene Asphalt Fuel Oil Feedstock and others
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Px Spread ($/Ton) Px Production (kTon/quarter)
90 53 39 95 46 2Q19 1Q20 2Q20 1H19 Avg 1H20 Avg 270 219 214 372 217 201 118 103 287 111 2Q19 1Q20 2Q20 1H19 1H20 PX-UGP PX-MX
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Number of Service Stations offering Supreme Plus Diesel Number of Service Stations offering Premium Products Number of Service Stations offering B10 Number of Outlets with Mobil Signage Number of New Service Stations
337 382 425 443 141 205 254 275 2017 2018 2019 1H20 553 608 638 654 125 541 2017 2018 2019 1H20 Total Service Stations B10 27 73 41 17 2017 2018 2019 1H20 779 1,221 1,641 1,645 2017 2018 2019 1H20
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Sales Revenue (Billion Baht) Cash Flow from Operations (Billion Baht) EBITDA (Billion Baht) Net Profit (Billion Baht)
45.7 24.4 91.8 63.8 2Q19 2Q20 1H19 1H20 (0.8) (2.5) 0.9 (9.8) 2Q19 2Q20 1H19 1H20 (1.9) (1.1) (0.5) 0.0 2Q19 2Q20 1H19 1H20 (0.9) (2.5) 0.1 (8.8) 2Q19 2Q20 1H19 1H20
22.1 13.1 26.9 27.7 YE2019 QE20 Shareholders’ equity Debt
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Balance Sheet Indicators (Billion Baht) Cash Flows (Billion Baht)
balances and trade receivables, and utilization
Marketing network expansion and Refinery projects
proceeds from borrowings
D/E = 2.1 D/E = 1.2 (0.3) (0.5) 1.0 0.5 (0.5) 0.0 1H19 1H20
Cash flow from (used in) operating activities Cash flow from (used in) financing activities Cash flow from (used in) investing activities
34.3 38.8 19.1 12.7 6.5 4.0 6.4 4.2 YE2019 QE20 Non-current assets Inventory Trade receivables Other current assets
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financial results with lower prices, margins and sales volume
to change in demand
targeted 670 services stations in 2020
spending
IR contact details: