PTT Group Financial and Strategic Insights
P&R Businesses
QoQ: Soften performance primarily from petrochemical business resulted from higher feed cost and lower volume
2021 vs 2020: Robust performance from stock gain and petrochemical prices hiked following global demand recovery
Olefins
ptt
Aromatics
91%
BTX
U-Rate
98%
100%
97%
99%
96%
(GC's plant)
PX:
3% QoQ
PX:
49%
PP:
33%
BZ:
5% QoQ
BZ:
88%
HDPE:
34%
LLDPE:
38%
Avg. Price:
$/Ton
993
945
914
859
561
919
893
577
1,321
529
PX:
31% QoQ
485
PX:
1,200
Spread to Condensate: $/Ton
BZ:
31% QoQ
BZ:
16%
>100%
1,182
377
303
318
262
263
192 161
210
227
136
Olefins
U-Rate
(GC's Plant)
104%
97%
91%
80%
PP:
HDPE:
7% QoQ
Avg. Price:
10% QoQ
$/Ton
LLDPE:
8% QoQ
1,335
1,250
1,285 !
1,142
1,252
992
1,000
1,185
I
I
1,138
I
983
880
867
|
4Q20
3Q21
4Q21
2020
2021
Refinery
4Q20
3Q21
4Q21
2020
2021
Net Income (100%)
Refinery
95%
102%
Unit: MMTHB
7% QoQ
U-Rate
88%
96%
95%
31% YoY
Avg.
78.4
71.7
Dubai
44.6
$/bbl.
I
5.9
Acc.
5.1
GRM
3.2
2.5
$/bbl.
(0.4)
1.8
3.3
Hedging
69.2
42.2
15,333
62
11,300
10,506
6,405
78
1,608
3,347
31
7,005
(8,976)
14,505
IRPC
2,195
7,258
2,155
2,062
5,033
12,578
TOP
>100%
72,336
271
PTT TANK
44,982
GC
3.3
G/L
5.5
1.5
277
200
(3,301)
0.3
2.9
■Stock G/L
1.6
2.1
1.0
excl. NRV
(0.6)
(2.2)
(1.4)
(1.7)
(1.1)
Mkt GRM
(6,152)
4Q20
3Q21
4Q21
2020 2021
4Q20
3Q21
4Q21
2020
2021
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