Investor Presentaiton
P&R Businesses
QoQ: Better performance primarily from refinery business with higher Mkt GRM and stock gain
2021 vs 2020: Robust performance from stock gain and petrochemical prices hiked following global demand recovery
Olefins
ptt
Aromatics
I
Olefins
U-Rate
(GC's Plant)
100%
104%
80%
85%
I
97%
91%
BTX
U-Rate
98%
97%
96%
99%
Avg. Price:
$/Ton
PP:
HDPE:
LLDPE:
4% QoQ
PP:
33%
(GC's plant) PX:
BZ:
22% QoQ
PX:
49%
14% QoQ
6% QoQ
Avg. Price:
945
1,087
1,073
BZ:
88%
914
HDPE:
34%
$/Ton
766
I
859
5% QoQ
LLDPE:
38%
893
577
I
753
I
1,365
1,335
1,387
PX:
1,346
1,285
I
1,321
Spread to Condensate: $/Ton
20% QoQ
485
PX:
16%
1,146
1,330
1,200
BZ:
1,252
9% QoQ
BZ:
> 100%
I
1,182
I
318
992
1,145
253 240
262
210
251 238
1227
263
880
136
867
I
1Q20
4Q21
1Q22
2020
2021
1Q20
4Q21
1Q22
2020
2021
Refinery
Net Income (100%)
Refinery
102%
101%
Unit: MMTHB
96%
U-Rate
96%
95%
18,719
Avg.
78.4
95.6
60.0
69.2
42.2
83
Dubai
$/bbl.
6.9
5.9
8.8
(0.4)
5.1
Acc.
GRM
$/bbl.
24% QoQ
>100%
31% YoY
72,336
271
PTT TANK
12,984
I
9,695
10,506
88
GC
44,982
31
I
4,212
3,247
1,501
5,581
2,195
10.3
7,183
(8,976)
14,505
IRPC
Stock G/L
5,033
1.8
5.1
3.3
excl. NRV
3,360
12,578
TOP
5.5
6.1
1.9
03
2.9
Mkt GRM
(3,301)
(0.1)
(1.4)
(1.7)
(1.1)
Hedging G/L
(7.6)
(6,152)
1Q20
4Q21
1Q22
2020
2021
43
1Q20
4Q21
1Q22
2020
2021View entire presentation