Inspiring Tomorrow - Corporate Presentation
MEDIUM TERM FREE CASH FLOW TARGETS
Capital Expenditure
بروج
Borouge
■ Maintenance capital expenditure of ~$180-240m p.a. (at the higher end of this range in turnaround years, at the lower end in
non-turnaround years)
B1 turnaround completed in Q1 2022, the next turnaround at B2 is scheduled for 2023, at B3 for 2024
■ In 2022, ~$30-40m of additional capital expenditure to finalize the growth projects
From 2023 onwards, no further growth or debottlenecking projects are currently planned within B123
Interest Expense
■ Annual interest payments in line with commercial terms of outstanding debt instruments
Tax Expense
■ Effective cash tax rate of ~31%, in line with 2021A
Working Capital
82
Corporate Presentation | April 2022
■ In 2022, we expect DSO of ~55-65 days, DPO of ~60-70 days, and DIO of ~80-90 days
Through-the-cycle, working capital changes are expected to be cash neutral
דיי
INSPIRING TOMORROWView entire presentation