Investor Presentaiton
CLASSIFICATION: CO - NON-CONFIDENTIAL
CAPEX and Cash Flows (2022F - 2026F)
Group CAPEX spend of QR 11.1 billion includes:
■
7);
■ Other CAPEX include turnaround (QR 1.6 bn);
■ Investment projects (QR 3.3 bn).
CAPITAL EXPENDITURE (in QR Billion)
2022
2023
2024
2025
2026
Capacity addition in fertilizer segment (QR 4.1 bn in Qafco
Capital Spares
0.1
0.0
0.0
0.0
0.0
Catalysts
0.0
0.0
0.0
0.0
0.1
Turnaround CAPEX
0.3
0.7
0.2
0.3
0.2
Investments / PUD
0.9
1.3
0.8
0.7
0.5
0.8
2.0
0.6
0.5
0.3
IT/Technical
0.1
0.0
0.0
0.0
0.0
Other Routine CAPEX
0.1
0.1
0.1
0.1
0.1
Total CAPEX
2.2
4.1
1.9
1.6
1.2
Qapco (Capex of QR 1.6 billion)
Operational projects - QR 0.9 billion (Refrigerator machine Qafco-7
replacement, flare improvement etc.);
■ Turnaround / reliability - QR 0.4 billion;
■ NO CAPEX related to PUD / Investments.
Qafac (Capex of QR 0.3 billion)
■ Turnaround & annual maintenance - QR 0.1 billion;
CASH FLOWS (in QR Billion)
2022
2023
2024
2025
2026
☐
Other routine CAPEX - QR 0.2 billion;
■ No capacity related CAPEX.
Qafco (Capex of QR 8.8 billion)
☐
• Qafco 7 - QR 4.1 billion including capitalized finance costs
(QR 2.6 billion of borrowings to finance Qafco 7; 70% of
project costs);
Investment Projects - QR 3.3 billion (NZLD - QR 0.5 bn; SAP
Hana project QR 0.2 bn; Sulphur Recovery Unit - QR 0.2
bn; Repair and replace bulk hall - QR 0.2 bn);
-
■ Turnaround related CAPEX - QR 1.0 billion.
Qatar Steel (Capex of QR 0.5 billion)
■ Turnaround related CAPEX - 0.2 billion;
■ IT related investments - QR 0.1 billion.
Cash Flows:
- Operating
4.5
+3.1
+3.9
+4.1
+3.4
- Investing
-1.9
-3.8
-1.5
-1.2
-0.8
- Financing
0.4
+1.2
+0.3
+0.1
-0.0
FCFF
FCFE
2.3
-1.0
+2.1
+2.6
+2.3
3.6
+2.2
+3.1
+3.2
+2.6
FCFE = FCFF +/- Net Debt - Finance Charges
Note: The cash flow & CAPEX figures for the years 2021-25 are based on
the 2021 approved budget and business plan, based on the expectations of
the market conditions and commodity prices forecasted at the time of
finalizing the 2021 budget & business plan.
With current market conditions and commodity price trends, the forecasts as
disclosed in the above table cannot be relied on with absolute certainty,
where, the actual realization of these figures might significantly differ as
compared to these projections, subject to the macroeconomic conditions,
including, among other factors, business environment, market dynamics,
The above forecasts do not include CAPEX relating to the product prices etc. prevailing in that specific year. The Board may defer,
new PVC plant recently announced by QVC.
delay or cancel projects based on market outlook and economics.
42
Industries Qatar, IR Presentation, 1Q-22View entire presentation