This document summarizes Braskem's second quarter 2007 earnings conference call. It discusses Braskem's strong financial and operating performance in the quarter. Key points include Braskem achieving a 19% EBITDA margin, completing the acquisition of Ipiranga Petroquímica assets, increasing production volumes, strengthening its market leadership position, and leveraging net income through improved operating and financial results. Braskem is highlighted as the largest petrochemical company in Latin America based on key financial figures for the last twelve months through June 30, 2007.
This document summarizes Braskem's 3Q07 earnings conference call. Key highlights include:
- Braskem achieved record domestic resin sales and production volumes in 3Q07. Resin market share increased to 54% and EBITDA was R$755 million.
- Braskem successfully acquired 98.6% of Copesul shares and will redeem remaining shares. It also acquired majority stakes in Ipiranga Group petrochemical companies.
- Braskem will invest in a new 200,000 ton ethanol-based polyethylene unit starting in 2009.
- Commercial strategies helped minimize impacts of higher naphtha prices and exchange rates on results. Net income reached R$132 million.
This document summarizes Braskem's 4Q08 earnings conference call. It discusses the significant financial crisis and volatility in exchange rates, raw materials, and resin prices during the quarter. Braskem's net revenue was R$4.1 billion in 4Q08, down 18% from 3Q08. EBITDA was R$633 million, positively impacted by a R$74 million adjustment not related to the period. A R$1.9 billion real depreciation increased liabilities pegged to the US dollar. Braskem's priorities are focusing on financial strength and liquidity, accelerating synergies from acquisitions, maintaining profitability, recovering plant utilization rates, and assessing growth opportunities during the
Braskem reported its 1Q08 results, with net revenue remaining flat at R$4.4 billion compared to 1Q07. EBITDA declined 32% to R$583 million due to higher raw material costs, while net income fell 35% to R$83 million. Operational highlights included a record quarterly PVC production of 130,000 tons and growth in domestic resin sales. Braskem also concluded strategic steps like the acquisition of Ipiranga Group's petrochemical assets. For 2008, Braskem expects continued domestic market growth and productivity gains from recent investments.
Financial Analysis - PetroChina Company Limited explores, develops, and produ...BCV
Financial Analysis - PetroChina Company Limited explores, develops, and produces crude oil and natural gas. The Company also refines, transports, and distributes crude oil and petroleum products
This presentation from Braskem contains forward-looking statements that are valid only as of a certain date and Braskem does not undertake to update them. It is not responsible for investment decisions based on this information. Braskem is the largest thermoplastic resin producer in Latin America with a capacity of 3.44 million tons and leadership in Brazil's fast-growing domestic market, achieving 8-10% annual growth. Through organic growth and acquisitions, it aims to become one of the top 10 largest petrochemical companies globally measured by enterprise value. Its ownership structure includes a controlling group and free float shares.
Gafisa reported strong financial results for the first quarter of 2008, with consolidated launches increasing 91% year-over-year, pre-sales up 97% quarter-over-quarter, and net operating revenues rising 42% quarter-over-quarter. Net income increased to R$42 million in 1Q08 compared to the adjusted net income of R$21 million in 1Q07. Gafisa also expanded into two new markets, upgraded its credit rating, and saw continued growth in the mortgage lending market in Brazil. Looking ahead, Gafisa is well positioned for further growth and has a diversified land bank to support its expansion plans.
Gujarat Gas reported a 2.1% quarter-on-quarter increase in net operating income to Rs419 crore for 2QCY2010, with net profit increasing 21.5% year-over-year to Rs58 crore. EBITDA margin declined 270 basis points sequentially to 22.3% due to a decrease in the gross gas spread. Average gas sales volumes grew 2.1% quarter-on-quarter and 19.3% year-over-year. While top-line growth met expectations, bottom-line was marginally below estimates due to lower-than-expected EBITDA. Supply constraints are receding with improving domestic gas availability and subdued RLNG prices, supporting future volume
GSPL reported a 1QFY2011 total operating income of Rs. 252 cr, a 19.4% increase over 1QFY2010 but slightly below expectations. EBITDA grew 20.3% to Rs. 238 cr but was also below estimates. Profits were higher year-over-year with PAT of Rs. 105 cr, up 30.6% from Rs. 80 cr in 1QFY2010, however profits were lower than expected. Transmission volumes increased 43.4% year-over-year but average transmission tariffs decreased 16.7% year-over-year, contributing to revenue being lower than estimated. Despite missing estimates, the analyst maintains an accumulate rating on GSPL due to growth potential
This document summarizes Braskem's 3Q07 earnings conference call. Key highlights include:
- Braskem achieved record domestic resin sales and production volumes in 3Q07. Resin market share increased to 54% and EBITDA was R$755 million.
- Braskem successfully acquired 98.6% of Copesul shares and will redeem remaining shares. It also acquired majority stakes in Ipiranga Group petrochemical companies.
- Braskem will invest in a new 200,000 ton ethanol-based polyethylene unit starting in 2009.
- Commercial strategies helped minimize impacts of higher naphtha prices and exchange rates on results. Net income reached R$132 million.
This document summarizes Braskem's 4Q08 earnings conference call. It discusses the significant financial crisis and volatility in exchange rates, raw materials, and resin prices during the quarter. Braskem's net revenue was R$4.1 billion in 4Q08, down 18% from 3Q08. EBITDA was R$633 million, positively impacted by a R$74 million adjustment not related to the period. A R$1.9 billion real depreciation increased liabilities pegged to the US dollar. Braskem's priorities are focusing on financial strength and liquidity, accelerating synergies from acquisitions, maintaining profitability, recovering plant utilization rates, and assessing growth opportunities during the
Braskem reported its 1Q08 results, with net revenue remaining flat at R$4.4 billion compared to 1Q07. EBITDA declined 32% to R$583 million due to higher raw material costs, while net income fell 35% to R$83 million. Operational highlights included a record quarterly PVC production of 130,000 tons and growth in domestic resin sales. Braskem also concluded strategic steps like the acquisition of Ipiranga Group's petrochemical assets. For 2008, Braskem expects continued domestic market growth and productivity gains from recent investments.
Financial Analysis - PetroChina Company Limited explores, develops, and produ...BCV
Financial Analysis - PetroChina Company Limited explores, develops, and produces crude oil and natural gas. The Company also refines, transports, and distributes crude oil and petroleum products
This presentation from Braskem contains forward-looking statements that are valid only as of a certain date and Braskem does not undertake to update them. It is not responsible for investment decisions based on this information. Braskem is the largest thermoplastic resin producer in Latin America with a capacity of 3.44 million tons and leadership in Brazil's fast-growing domestic market, achieving 8-10% annual growth. Through organic growth and acquisitions, it aims to become one of the top 10 largest petrochemical companies globally measured by enterprise value. Its ownership structure includes a controlling group and free float shares.
Gafisa reported strong financial results for the first quarter of 2008, with consolidated launches increasing 91% year-over-year, pre-sales up 97% quarter-over-quarter, and net operating revenues rising 42% quarter-over-quarter. Net income increased to R$42 million in 1Q08 compared to the adjusted net income of R$21 million in 1Q07. Gafisa also expanded into two new markets, upgraded its credit rating, and saw continued growth in the mortgage lending market in Brazil. Looking ahead, Gafisa is well positioned for further growth and has a diversified land bank to support its expansion plans.
Gujarat Gas reported a 2.1% quarter-on-quarter increase in net operating income to Rs419 crore for 2QCY2010, with net profit increasing 21.5% year-over-year to Rs58 crore. EBITDA margin declined 270 basis points sequentially to 22.3% due to a decrease in the gross gas spread. Average gas sales volumes grew 2.1% quarter-on-quarter and 19.3% year-over-year. While top-line growth met expectations, bottom-line was marginally below estimates due to lower-than-expected EBITDA. Supply constraints are receding with improving domestic gas availability and subdued RLNG prices, supporting future volume
GSPL reported a 1QFY2011 total operating income of Rs. 252 cr, a 19.4% increase over 1QFY2010 but slightly below expectations. EBITDA grew 20.3% to Rs. 238 cr but was also below estimates. Profits were higher year-over-year with PAT of Rs. 105 cr, up 30.6% from Rs. 80 cr in 1QFY2010, however profits were lower than expected. Transmission volumes increased 43.4% year-over-year but average transmission tariffs decreased 16.7% year-over-year, contributing to revenue being lower than estimated. Despite missing estimates, the analyst maintains an accumulate rating on GSPL due to growth potential
- Braskem's EBITDA for 4Q10 was R$1.1 billion with a 14.9% margin. Full year 2010 EBITDA was R$4.1 billion, up 27% from 2009.
- Quattor's EBITDA increased 78% to R$1 billion in 2010. Braskem's domestic resin sales grew 11% in 2010. Net income was R$1.9 billion.
- The acquisition of Quattor was approved without restrictions and synergies are expected to reach R$377 million annually by 2011. Letters of interest for the Ethylene XXI project in Mexico exceeded financing needs.
Petrobras unveiled its strategic plan and business plan for 2010-2014 totaling $224 billion in investments. Key aspects include increasing domestic oil and gas production, with targets of 5.4 million boe/d by 2020. Major projects in the pre-salt region were added to come online between 2010-2014 including Guará Pilot FPSO, Tupi NE Pilot FPSO, and Baleia Azul FPSO. The plan aims to boost domestic refining and natural gas supply while expanding internationally in select markets and business segments. Local content is expected to provide nearly 70% of total investment needs during this period.
Multiplus reported its 3Q12 earnings. Highlights included 24% growth in gross billings versus 3Q11, R$131 million in cash generation, and 225% growth in non-air redemptions. The company had over 10.5 million members, an 18% increase year-over-year. Multiplus delivered R$66.6 million in net income and R$130.5 million in free cash flow. Dividends of R$146.7 million were declared, representing R$0.95926 per share.
Apresentação 1a conferência anual citi brasil (em inglês)Braskem_RI
This presentation provides an overview of Braskem, the largest petrochemical company in Latin America. It discusses Braskem's key differentiators including its large scale of operations, regional strength in South America, and history of strong and consistent growth through organic and acquisition routes. The presentation reviews Braskem's financial and operational figures, leadership positions in key Brazilian markets, and differentiated technology including being a global pioneer in green polymers. It also notes Braskem's consistent spreads over international prices for its resin products.
The document discusses Braskem's acquisition of Quattor Participações. The acquisition will consolidate Braskem and Petrobras/Petroquisa's interests in Braskem, making Braskem the largest producer of resins in the Americas with a capacity of 5.5 million tons per year. The transaction involves multiple stages including creating a new holding company, a private capital increase, Braskem acquiring Quattor and other assets. Once completed, the transaction will strengthen Braskem's position in petrochemicals and place it among the top 10 global producers of resins.
This document summarizes Braskem's 4th quarter 2006 earnings conference call. It highlights strong domestic demand growth for resins in 2006. Braskem achieved record gross revenues of $7 billion, an 8% increase over 2005. The acquisition of Politeno was completed and synergies were confirmed. EBITDA grew significantly in the 4th quarter to R$530 million due to decreasing raw material costs. Net income turned positive in the 4th quarter. Braskem invested over R$700 million in 2006 and expects investments of R$550 million in 2007, including the start of a new PP plant. Global resin supply and demand is expected to remain balanced in 2007 with sustained prices.
Petrobras aims to expand oil and gas production significantly by 2013 and beyond through developing major pre-salt discoveries and increasing refining capacity. The company will invest heavily in exploration and production, with a focus on the promising pre-salt region, and plans to contract additional drilling rigs and FPSOs to help develop major new fields. Technological innovation will also be important for addressing the challenges of developing pre-salt reserves, which have greater uncertainties than traditional fields.
26.10.2009 Presentation of President José Sergio Gabrielli de Azevedo- “A Ne...Petrobras
Petrobras aims to increase oil and gas production by 7.5% annually through 2013, reaching 5.7 million boe/d. It plans to increase refining capacity to 3 million bpd by 2013 and expand premium fuel production. The business plan also focuses on increasing gas and energy investments with $174.4 billion in planned CAPEX through 2013, front-loading investments through 2010.
The document provides a summary of EDP Energias do Brasil's 4Q08 results. Some key highlights include:
- Consolidated net operating revenue increased 9.1% to R$1,189.2 million in 4Q08.
- Manageable expenditures before depreciation and amortization decreased 18% compared to 4Q07.
- 4Q08 EBITDA reached R$306.0 million, an increase of 96.5% compared to 4Q07.
- Net income for 4Q08 was R$119.0 million, 51% higher than 4Q07.
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...Petrobras
This document provides an overview of Petrobras, the Brazilian national oil company. It includes disclaimers about forecasts and reserves under SEC guidelines. The investment plan from 2009-2013 totals $174.4 billion, with $104.6 billion for exploration and production. Major oil and gas projects are outlined to increase production between 2008-2013. Reserves, production levels, and key statistics are presented.
Braskem reported its 1Q10 results. EBITDA was R$729 million, up 19% from 4Q09 due to better contribution margins and FX gains offsetting lower sales volumes. Net revenue increased 5% to R$4.466 billion. The global petrochemical scenario saw resin and basic petrochemical prices maintain an upward trend due to factors like higher raw material costs and strong Asian demand. Braskem also completed the acquisition of Quattor Participações and secured $1 billion in funding including $400 million in 10-year bonds. Planned investments in 2010 total R$1.617 billion and include expanding PVC production capacity in Alagoas.
Conferência btg pactual – fevereiro 2011Braskem_RI
Carlos Fadigas, CEO of BTG Pactual XII, presented at a conference in São Paulo in February 2011. The presentation discussed Braskem's growth into a global petrochemical leader through acquisitions of Quattor and Sunoco assets. It outlined Braskem's project pipeline for expansion in Latin America, including a new ethane cracker project in Mexico. The presentation emphasized Braskem's focus on sustainable chemicals and innovation in bioplastics. It highlighted Braskem's consistent financial performance through economic cycles.
- Braskem reported its results for the first half of 2003.
- The company achieved synergies of R$208 million in the first six months by merging several petrochemical companies to form Braskem.
- Braskem is the leading petrochemical company in Latin America with the largest production scale at 3,200 kt/year and leadership positions in key segments like polyethylene, polypropylene, and PVC.
This document contains forward-looking statements regarding Braskem's meeting with investors in May 2007. While Braskem believes its assumptions are reasonable, it cannot guarantee future results. Braskem's vision is to become Latin America's leader in thermoplastic resins and rank among the top 10 global petrochemical companies by market capitalization by 2012. It will pursue this through organic growth, internationalization, and selective acquisitions like Politeno and Ipiranga to enhance its Brazilian production chains and opportunities in other Americas. Brazil represents a compelling market outlook with historical high growth rates in polyethylene, polypropylene and PVC consumption that have strong elasticity to GDP growth.
Apresentação para investidores btg pactual latin american ceo conferenceBraskem_RI
The document discusses Braskem's meeting with investors and contains forward-looking statements that are valid only as of the date given and are subject to risks and uncertainties. The agenda includes discussing Braskem as a global player, acquisitions of Quattor and Sunoco, Braskem's project pipeline for growth, and the petrochemical industry in general. Final considerations will also be presented.
Presentation acquisition of ipiranga group operationsBraskem_RI
Petrobras, Ultrapar, and Braskem entered into an agreement to acquire operations of Ipiranga Group, Brazil's second largest fuel distributor. The acquisition involved five stages: 1) acquiring shares from controlling shareholders, 2) tender offers for remaining shares, 3) delisting of petrochemical company Copesul, 4) exchanging shares of acquired companies for Ultrapar shares, 5) selling some assets to Petrobras and Braskem. The $4 billion deal aimed to consolidate key sectors in Brazil and create scale benefits for all parties.
1) Braskem reported strong operating performance in 3Q07, with historical records for resin production and domestic sales volumes. Resin market share increased from 51% to 54%.
2) The consolidation of the Southern Petrochemical Complex advanced successfully, with high acceptance of share acquisition offers.
3) Braskem will invest in a new unit to produce 200 thousand tons of green polyethylene from sugarcane ethanol, starting in 2009.
4) Despite rising naphtha costs and currency impacts, Braskem's commercial strategy minimized the earnings effect, with 3Q07 EBITDA of R$755 million and a net debt to EBITDA ratio of 1.49 times.
This document summarizes Braskem's 4Q07 earnings conference call. It discusses:
1) Braskem's consolidation of the Brazilian petrochemical industry through acquisitions in 2007 and its investment agreement with Petrobras.
2) Braskem's record resins production and sales in 2007, as well as its financial performance including an 11% increase in net revenue and 5% increase in EBITDA.
3) Braskem's priorities for 2008 including the startup of new operations in Paulinia, progress on growth projects in Venezuela, and extending its debt maturity profile.
Braskem reported strong financial results for 2007. Net income before minority interest reached nearly R$1 billion, up 70% from 2006. Braskem also achieved record resins production and sales in 2007. For 2008, Braskem expects continued growth in the Brazilian resins market and further reductions in fixed costs. Braskem will start up operations at its new Petroquímica Paulínia facility and continue developing growth projects in Venezuela. The company also plans to realize synergies from recent acquisitions and further establish itself as a leading global petrochemical company.
Braskem reported its 2Q08 results. Operating performance was strong with the Brazilian resin market growing 11% and Braskem's resin sales in the domestic market growing 17% with a market share of 53%. However, naphtha costs increased significantly which negatively impacted earnings. Net income was R$383 million, benefited by the appreciation of the Brazilian Real. Braskem also completed the acquisition of petrochemical assets from Ipiranga Group and looks for continued strong domestic demand and cost savings in 2H08 despite challenges from high raw material costs.
- Braskem's 2Q08 results conference call highlights included a 17% increase in resin sales in the domestic Brazilian market and maintenance stoppages increasing ethylene production capacity.
- Strategic steps included acquiring Ipiranga Group's petrochemical assets and signing an MOU between Braskem, Petrobras, and Petroperu.
- Net income was R$383 million, positively impacted by the appreciation of the Brazilian Real. Higher naphtha costs reduced EBITDA but commercial strategies minimized the impact.
- Braskem's EBITDA for 4Q10 was R$1.1 billion with a 14.9% margin. Full year 2010 EBITDA was R$4.1 billion, up 27% from 2009.
- Quattor's EBITDA increased 78% to R$1 billion in 2010. Braskem's domestic resin sales grew 11% in 2010. Net income was R$1.9 billion.
- The acquisition of Quattor was approved without restrictions and synergies are expected to reach R$377 million annually by 2011. Letters of interest for the Ethylene XXI project in Mexico exceeded financing needs.
Petrobras unveiled its strategic plan and business plan for 2010-2014 totaling $224 billion in investments. Key aspects include increasing domestic oil and gas production, with targets of 5.4 million boe/d by 2020. Major projects in the pre-salt region were added to come online between 2010-2014 including Guará Pilot FPSO, Tupi NE Pilot FPSO, and Baleia Azul FPSO. The plan aims to boost domestic refining and natural gas supply while expanding internationally in select markets and business segments. Local content is expected to provide nearly 70% of total investment needs during this period.
Multiplus reported its 3Q12 earnings. Highlights included 24% growth in gross billings versus 3Q11, R$131 million in cash generation, and 225% growth in non-air redemptions. The company had over 10.5 million members, an 18% increase year-over-year. Multiplus delivered R$66.6 million in net income and R$130.5 million in free cash flow. Dividends of R$146.7 million were declared, representing R$0.95926 per share.
Apresentação 1a conferência anual citi brasil (em inglês)Braskem_RI
This presentation provides an overview of Braskem, the largest petrochemical company in Latin America. It discusses Braskem's key differentiators including its large scale of operations, regional strength in South America, and history of strong and consistent growth through organic and acquisition routes. The presentation reviews Braskem's financial and operational figures, leadership positions in key Brazilian markets, and differentiated technology including being a global pioneer in green polymers. It also notes Braskem's consistent spreads over international prices for its resin products.
The document discusses Braskem's acquisition of Quattor Participações. The acquisition will consolidate Braskem and Petrobras/Petroquisa's interests in Braskem, making Braskem the largest producer of resins in the Americas with a capacity of 5.5 million tons per year. The transaction involves multiple stages including creating a new holding company, a private capital increase, Braskem acquiring Quattor and other assets. Once completed, the transaction will strengthen Braskem's position in petrochemicals and place it among the top 10 global producers of resins.
This document summarizes Braskem's 4th quarter 2006 earnings conference call. It highlights strong domestic demand growth for resins in 2006. Braskem achieved record gross revenues of $7 billion, an 8% increase over 2005. The acquisition of Politeno was completed and synergies were confirmed. EBITDA grew significantly in the 4th quarter to R$530 million due to decreasing raw material costs. Net income turned positive in the 4th quarter. Braskem invested over R$700 million in 2006 and expects investments of R$550 million in 2007, including the start of a new PP plant. Global resin supply and demand is expected to remain balanced in 2007 with sustained prices.
Petrobras aims to expand oil and gas production significantly by 2013 and beyond through developing major pre-salt discoveries and increasing refining capacity. The company will invest heavily in exploration and production, with a focus on the promising pre-salt region, and plans to contract additional drilling rigs and FPSOs to help develop major new fields. Technological innovation will also be important for addressing the challenges of developing pre-salt reserves, which have greater uncertainties than traditional fields.
26.10.2009 Presentation of President José Sergio Gabrielli de Azevedo- “A Ne...Petrobras
Petrobras aims to increase oil and gas production by 7.5% annually through 2013, reaching 5.7 million boe/d. It plans to increase refining capacity to 3 million bpd by 2013 and expand premium fuel production. The business plan also focuses on increasing gas and energy investments with $174.4 billion in planned CAPEX through 2013, front-loading investments through 2010.
The document provides a summary of EDP Energias do Brasil's 4Q08 results. Some key highlights include:
- Consolidated net operating revenue increased 9.1% to R$1,189.2 million in 4Q08.
- Manageable expenditures before depreciation and amortization decreased 18% compared to 4Q07.
- 4Q08 EBITDA reached R$306.0 million, an increase of 96.5% compared to 4Q07.
- Net income for 4Q08 was R$119.0 million, 51% higher than 4Q07.
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...Petrobras
This document provides an overview of Petrobras, the Brazilian national oil company. It includes disclaimers about forecasts and reserves under SEC guidelines. The investment plan from 2009-2013 totals $174.4 billion, with $104.6 billion for exploration and production. Major oil and gas projects are outlined to increase production between 2008-2013. Reserves, production levels, and key statistics are presented.
Braskem reported its 1Q10 results. EBITDA was R$729 million, up 19% from 4Q09 due to better contribution margins and FX gains offsetting lower sales volumes. Net revenue increased 5% to R$4.466 billion. The global petrochemical scenario saw resin and basic petrochemical prices maintain an upward trend due to factors like higher raw material costs and strong Asian demand. Braskem also completed the acquisition of Quattor Participações and secured $1 billion in funding including $400 million in 10-year bonds. Planned investments in 2010 total R$1.617 billion and include expanding PVC production capacity in Alagoas.
Conferência btg pactual – fevereiro 2011Braskem_RI
Carlos Fadigas, CEO of BTG Pactual XII, presented at a conference in São Paulo in February 2011. The presentation discussed Braskem's growth into a global petrochemical leader through acquisitions of Quattor and Sunoco assets. It outlined Braskem's project pipeline for expansion in Latin America, including a new ethane cracker project in Mexico. The presentation emphasized Braskem's focus on sustainable chemicals and innovation in bioplastics. It highlighted Braskem's consistent financial performance through economic cycles.
- Braskem reported its results for the first half of 2003.
- The company achieved synergies of R$208 million in the first six months by merging several petrochemical companies to form Braskem.
- Braskem is the leading petrochemical company in Latin America with the largest production scale at 3,200 kt/year and leadership positions in key segments like polyethylene, polypropylene, and PVC.
This document contains forward-looking statements regarding Braskem's meeting with investors in May 2007. While Braskem believes its assumptions are reasonable, it cannot guarantee future results. Braskem's vision is to become Latin America's leader in thermoplastic resins and rank among the top 10 global petrochemical companies by market capitalization by 2012. It will pursue this through organic growth, internationalization, and selective acquisitions like Politeno and Ipiranga to enhance its Brazilian production chains and opportunities in other Americas. Brazil represents a compelling market outlook with historical high growth rates in polyethylene, polypropylene and PVC consumption that have strong elasticity to GDP growth.
Apresentação para investidores btg pactual latin american ceo conferenceBraskem_RI
The document discusses Braskem's meeting with investors and contains forward-looking statements that are valid only as of the date given and are subject to risks and uncertainties. The agenda includes discussing Braskem as a global player, acquisitions of Quattor and Sunoco, Braskem's project pipeline for growth, and the petrochemical industry in general. Final considerations will also be presented.
Presentation acquisition of ipiranga group operationsBraskem_RI
Petrobras, Ultrapar, and Braskem entered into an agreement to acquire operations of Ipiranga Group, Brazil's second largest fuel distributor. The acquisition involved five stages: 1) acquiring shares from controlling shareholders, 2) tender offers for remaining shares, 3) delisting of petrochemical company Copesul, 4) exchanging shares of acquired companies for Ultrapar shares, 5) selling some assets to Petrobras and Braskem. The $4 billion deal aimed to consolidate key sectors in Brazil and create scale benefits for all parties.
1) Braskem reported strong operating performance in 3Q07, with historical records for resin production and domestic sales volumes. Resin market share increased from 51% to 54%.
2) The consolidation of the Southern Petrochemical Complex advanced successfully, with high acceptance of share acquisition offers.
3) Braskem will invest in a new unit to produce 200 thousand tons of green polyethylene from sugarcane ethanol, starting in 2009.
4) Despite rising naphtha costs and currency impacts, Braskem's commercial strategy minimized the earnings effect, with 3Q07 EBITDA of R$755 million and a net debt to EBITDA ratio of 1.49 times.
This document summarizes Braskem's 4Q07 earnings conference call. It discusses:
1) Braskem's consolidation of the Brazilian petrochemical industry through acquisitions in 2007 and its investment agreement with Petrobras.
2) Braskem's record resins production and sales in 2007, as well as its financial performance including an 11% increase in net revenue and 5% increase in EBITDA.
3) Braskem's priorities for 2008 including the startup of new operations in Paulinia, progress on growth projects in Venezuela, and extending its debt maturity profile.
Braskem reported strong financial results for 2007. Net income before minority interest reached nearly R$1 billion, up 70% from 2006. Braskem also achieved record resins production and sales in 2007. For 2008, Braskem expects continued growth in the Brazilian resins market and further reductions in fixed costs. Braskem will start up operations at its new Petroquímica Paulínia facility and continue developing growth projects in Venezuela. The company also plans to realize synergies from recent acquisitions and further establish itself as a leading global petrochemical company.
Braskem reported its 2Q08 results. Operating performance was strong with the Brazilian resin market growing 11% and Braskem's resin sales in the domestic market growing 17% with a market share of 53%. However, naphtha costs increased significantly which negatively impacted earnings. Net income was R$383 million, benefited by the appreciation of the Brazilian Real. Braskem also completed the acquisition of petrochemical assets from Ipiranga Group and looks for continued strong domestic demand and cost savings in 2H08 despite challenges from high raw material costs.
- Braskem's 2Q08 results conference call highlights included a 17% increase in resin sales in the domestic Brazilian market and maintenance stoppages increasing ethylene production capacity.
- Strategic steps included acquiring Ipiranga Group's petrochemical assets and signing an MOU between Braskem, Petrobras, and Petroperu.
- Net income was R$383 million, positively impacted by the appreciation of the Brazilian Real. Higher naphtha costs reduced EBITDA but commercial strategies minimized the impact.
The document provides financial results and highlights for Braskem for 2Q08. It notes that Braskem's resin sales in the domestic Brazilian market grew 17% in 2Q08. However, a 48% increase in naphtha costs from 2Q07 to 2Q08 negatively impacted Braskem's costs by R$601 million in the first half of 2008. Net income was R$383 million, helped by the appreciation of the Brazilian Real. The document also outlines Braskem's acquisition of assets from Ipiranga Group and a memorandum of understanding signed with Petrobras and Petroperu.
This document contains forward-looking statements from Braskem's management about the company's performance and expectations. It notes that Braskem's financial results in the 4th quarter of 2008 were impacted by the unprecedented global financial crisis, high volatility in exchange rates and raw material/resin prices, and a drop-off in international thermoplastic resin demand. Braskem reported a 18% decrease in net revenue and EBITDA of R$633 million in 4Q08 compared to 3Q08. The company took strategic actions to focus on its cash position and gain approval to build a new green PE plant.
This document summarizes Braskem's 4th quarter 2006 earnings conference call. It highlights strong domestic demand growth for resins in 2006. Braskem achieved record gross revenues of $7 billion, an 8% increase over 2005. The acquisition of Politeno was completed and synergies were confirmed. EBITDA grew significantly in the 4th quarter to R$530 million due to decreasing raw material costs. Investments totaled over R$700 million in 2006 and outlook for 2007 includes sustained resin prices and lower expected oil prices. The PP project in Paulinia is on track to start in 1Q08.
This presentation by Braskem contains forward-looking statements that are valid only as of September 30, 2008, and Braskem does not commit to updating them. Braskem is the largest thermoplastic resin producer in Latin America with capacity of 3.44 million tons annually. It has a track record of organic and acquisition-based growth, and aims to strengthen its regional leadership position through value chain integration, international expansion, and green polyethylene production.
Presentation 1st annual citi brazil equity conferenceBraskem_RI
This presentation provides an overview of Braskem, the largest petrochemical company in Latin America. It discusses Braskem's key differentiators including its large scale of operations, regional strength in South America, and history of strong growth through organic expansion and acquisitions. The presentation reviews Braskem's financial and operational figures, leadership positions in key Brazilian resin markets, and technology leadership including being a global pioneer in green polymers. It also notes Braskem's consistent premium pricing over international resin prices due to various competitive advantages.
1. Braskem's 1Q09 earnings conference call covered forward-looking statements, the global economic scenario, Braskem's achievements in 1Q09, and key operating and financial highlights.
2. Braskem resumed full production capacity in March after maintenance in 1Q09. Exports doubled compared to 4Q08 while inventories were leveled with production costs.
3. Net revenue decreased 24% to R$3.2 billion due to lower volumes and prices. EBITDA was R$458 million, sustaining debt covenants. Short-term debt is well managed while long-term debt has an average term of 11 years.
- Net revenue grew 14% to R$5 billion in 3Q08, though high naphtha prices and FX rates negatively impacted costs by R$477 million. EBITDA was R$683 million.
- Braskem merged Ipiranga Petroquímica, Copesul and Petroquímica Paulínia, and issued a $725 million export prepayment facility.
- The financial result was negatively impacted by R$1.351 billion from FX variation due to the depreciation of the real. Net debt increased 23% over the quarter to R$8.331 billion.
- Priorities in 4Q08 include reducing
- Net revenue grew 14% to R$5 billion in 3Q08, though high naphtha prices and FX rates negatively impacted costs by R$477 million. EBITDA recovered to R$683 million.
- The merger of Ipiranga Petroquímica, Copesul and Petroquímica Paulínia into Braskem was completed. A $725 million export prepayment facility was also issued.
- The financial result was negatively impacted by a R$1.35 billion loss from FX variation due to the strengthening of the dollar. Net debt increased 23% over the quarter to R$8.33 billion.
- Prior
- Net revenue grew 14% to R$5 billion in 3Q08, though high naphtha prices and FX rates negatively impacted costs by R$477 million. EBITDA recovered to R$683 million.
- The merger of Ipiranga Petroquímica, Copesul and Petroquímica Paulínia into Braskem was completed. A $725 million export prepayment facility was also issued.
- The financial result was negatively impacted by R$1.351 billion from FX variation due to the strengthening of the dollar. Net debt increased 23% over the quarter to R$8.331 billion.
Braskem reported its 1Q08 results, with net revenue remaining flat at R$4.4 billion compared to 1Q07. EBITDA declined 32% to R$583 million due to higher raw material costs, while net income fell 35% to R$83 million. Operational highlights included a record quarterly PVC production of 130,000 tons and growth in domestic resin sales. Braskem also concluded strategic steps like the acquisition of Ipiranga Group's petrochemical assets. For 2008, Braskem expects continued domestic market growth and productivity gains from recent investments.
Vivo Participações S.A. reported financial results for the second quarter of 2009. Net service revenue increased 7.1% year-over-year to R$3.6 billion driven by a 6.4% increase in customers. EBITDA grew 42.3% to R$1.2 billion with margins expanding to 30.4% due to cost efficiencies. Net results were R$172.4 million compared to a net loss of R$63.9 million in the prior year. The company also completed its acquisition of Telemig Celular.
This document summarizes Multiplus S.A.'s earnings results for the second quarter of 2012. It highlights 29% growth in points issued compared to the second quarter of 2011. Cash generation was R$131 million in Q2 2012. Non-air redemptions grew 279% versus the same period last year. Multiplus saw continued growth in members and partners, reaching over 10.1 million members and 207 partners. Solid gross billings growth of R$457.1 million was achieved despite an unfocused macroeconomic environment. Net income was R$43.3 million and free cash flow was R$131.4 million.
Braskem reported financial results for the first quarter of 2010 with an EBITDA of R$729 million, up 19% from the fourth quarter of 2009. Net revenue was R$4.466 billion, up 5% from the previous quarter. Domestic resin sales were stable compared to the fourth quarter. Braskem also announced the approval of its PVC project in Alagoas with an NPV of US$450 million and changes to its Venezuela project that reduce investments to US$500 million. Total planned investments for 2010 amount to R$1.6 billion, focusing on the PVC expansion project in Alagoas and other growth and maintenance projects.
This document contains forward-looking statements from Braskem about its competitive positioning, business strategy, sustainability, and growth plans. It summarizes Braskem's key figures such as revenues, EBITDA, assets, and debt ratios. It also outlines Braskem's strategic drivers of market leadership in Latin America, cost competitiveness through production scale and efficiency initiatives, and technology development leading to new higher value products and markets.
This document summarizes Braskem's 3Q09 earnings conference call. It discusses Braskem's financial performance in 3Q09, including higher revenues and EBITDA driven by recovery in domestic sales and prices. However, resin spreads declined in September due to lower raw material prices, new capacity, and weaker Chinese demand. Braskem has a comfortable cash position and is prioritizing financial health, productivity improvements, and selective growth opportunities through the economic downturn.
Similar to Conference call presentation 2 q07 results (20)
Braskem reported its 1Q15 earnings. Key highlights included average cracker capacity utilization rising to 89%, Brazilian resin market growth of 6-9%, and Braskem's resin sales increasing 6-12%. Braskem's consolidated EBITDA was R$1.5 billion, up 10% from 4Q14. Net income was R$204 million. Leverage as measured by net debt to EBITDA was 2.55x. The Mexico project was 92% physically complete. Priorities for 2015 include renewing the naphtha supply contract, completing the Mexico project, ensuring competitive energy costs, and maintaining financial health.
O documento fornece um resumo da teleconferência de resultados do primeiro trimestre de 2015 da Braskem. As principais informações incluem:
1) O EBITDA totalizou R$1,5 bilhão, um crescimento de 10% em relação ao trimestre anterior, impulsionado pelo aumento das vendas e desvalorização do real.
2) As vendas de resinas acompanharam o crescimento do mercado brasileiro, atingindo 954 mil toneladas, alta de 6% em relação ao mesmo período do ano passado.
3)
This presentation summarizes Braskem's 4Q14 and full year 2014 financial results. In 4Q14, Braskem reported EBITDA of $1.4 billion, down 10% from 3Q14 due to lower resin sales volumes and petrochemical prices. For full year 2014, Braskem's revenue increased 12% to $46 billion while EBITDA grew 17% to $5.6 billion, driven by higher sales volumes, Brazilian real depreciation, and asset divestment gains. Braskem also continued advancing its Mexico ethylene project, which reached 88% completion in 2014, and maintained its commitments to financial health and cost discipline.
O documento resume os principais resultados financeiros e operacionais da Braskem no quarto trimestre e ano de 2014. No 4T14, o EBITDA foi de R$1,4 bilhão, uma queda de 10% em relação ao trimestre anterior devido a menores volumes de vendas e preços de petroquímicos. Em 2014, a receita líquida foi de R$46 bilhões, 12% maior do que em 2013, e o EBITDA foi de R$5,6 bilhões, um aumento de 17%. O projeto no México atingiu 88% de progresso
Este documento resume a teleconferência de resultados do terceiro trimestre de 2014 da Braskem. As principais informações são:
1) A Braskem registrou um EBITDA de R$1,5 bilhão no 3T14, impulsionado pelo aumento das vendas e melhora dos spreads internacionais.
2) As vendas da Braskem no mercado interno brasileiro cresceram 7% no trimestre, acompanhando a expansão de 5% do mercado.
3) O progresso físico do projeto integrado de eteno no México at
Braskem reported financial results for the third quarter of 2014. EBITDA was R$1.5 billion, up from the previous quarter, driven by higher sales volume and improved petrochemical spreads internationally. Construction of Braskem's Mexico petrochemical complex was 82% complete. Braskem's net debt to EBITDA ratio remained stable at 2.71x. For the full year, Braskem expects global petrochemical supply growth to outpace demand growth, putting downward pressure on spreads, and slower growth in Brazil's economy. Braskem's priorities are renewing its naphtha and energy supply contracts, advancing its Mexico project, and maintaining financial strength.
Braskem held its 2Q14 earnings conference call on August 08, 2014 in São Paulo. The presentation included forward-looking statements and disclaimers. In 2Q14, Braskem's average cracker capacity utilization was 84% and EBITDA was R$1,130 million, down 17% from 1Q14 due to lower sales volumes, reduced petrochemical spreads, and currency appreciation. Construction of Braskem's integrated Mexico project was 75% complete. Braskem continues to focus on its growth projects and priorities including the Mexico project, Ascent project, renewing its naphtha supply contract, and maintaining financial health.
Este documento apresenta os resultados financeiros e operacionais da Braskem no segundo trimestre de 2014. As vendas de resinas no Brasil caíram 3% em relação ao trimestre anterior, enquanto o EBITDA caiu 17% no mesmo período. O projeto integrado no México atingiu 75% de conclusão física.
This presentation summarizes Braskem's 1Q14 earnings conference call. Key highlights included average cracker capacity utilization of 85% impacted by scheduled maintenance. EBITDA was positively impacted by international market spreads, real depreciation, and the divestment of water treatment assets. Net income was R$396 million. Leverage as measured by net debt to EBITDA was 2.71x. Braskem continues construction of its Mexico petrochemical complex and advancing the Ascent US ethane cracker project. Priorities include renewing its naphtha supply contract and advancing projects in Mexico and the US to diversify feedstocks.
Este documento resume a teleconferência de resultados do primeiro trimestre de 2014 da Braskem. O destaque foi o EBITDA de R$1,6 bilhão, influenciado positivamente pela sustentação dos spreads internacionais, desvalorização do real e venda de ativos. O progresso físico do projeto no México atingiu 66% e a dívida líquida/EBITDA caiu para 2,71x em dólares. As prioridades incluem renovar contratos de nafta e concluir a aquisição da Solvay Indupa.
The document summarizes Braskem's 4Q13 and full year 2013 earnings conference call. It discusses several key points:
- Braskem reported 4Q13 EBITDA of $521 million, a 20% increase over 4Q12 recurring EBITDA, driven by recovery in petrochemical spreads and the Brazilian real depreciation.
- For full year 2013, Braskem's EBITDA grew 22% to $4.8 billion reais and 11% to $2.2 billion in US dollars terms over 2012. Growth was supported by higher sales volumes and recovery in international spreads.
- Construction of Braskem's integrated petrochemical project in Mexico continues to advance
O documento resume os resultados financeiros da Braskem no quarto trimestre e ano de 2013. As principais informações incluem: 1) o EBITDA do 4T13 foi de R$1,2 bilhões, 20% acima do 4T12; 2) o EBITDA de 2013 foi de R$4,8 bilhões, um aumento de 22% em relação a 2012; 3) a dívida líquida/EBITDA foi de 2,87x em dólares em 2013, abaixo dos 3,25x de 2012.
Braskem held its 3Q13 earnings conference call on November 8, 2013. The presentation included the following highlights:
- Braskem's cracker utilization rate was 92% in 3Q13, down slightly due to a power outage, while Brazilian resin sales fell 8% year-over-year. However, Braskem gained market share to 68%.
- EBITDA grew 57% quarter-over-quarter to R$1.65 billion, aided by lower raw material costs and currency depreciation.
- Construction of Braskem's new petrochemical complex in Mexico was 48% complete, with startup planned for 2015.
- Leverage ratio improved to 2.73x
O documento resume a teleconferência de resultados do 3T13 da Braskem. As principais informações incluem: 1) A taxa média de utilização dos crackers foi de 92%, menor que no trimestre anterior devido a interrupções no fornecimento de energia; 2) O EBITDA do trimestre atingiu R$1,65 bilhões, um aumento de 57% em relação ao trimestre anterior; 3) Os projetos de expansão como o complexo petroquímico no México seguem avançando dentro do cronograma e orçamento planejados.
O documento resume os resultados financeiros da Braskem no segundo trimestre de 2013. As principais informações incluem: 1) a taxa média de utilização dos crackers foi de 94%; 2) as vendas de resinas no mercado brasileiro aumentaram 3% em relação ao trimestre anterior; 3) o EBITDA atingiu R$1,051 bilhões, um aumento de 12% em relação ao trimestre anterior.
Braskem reported its 2Q13 earnings. EBITDA increased 12% from the previous quarter to R$1,051 million due to higher sales volumes, a positive foreign exchange impact, and cost reductions. The Mexico project construction advanced to 38% completion. Braskem adopted hedge accounting to better reflect exchange rate impacts. Leverage excluding Mexico declined to 3.01x due to debt reduction. Braskem will focus on strengthening client relationships, advancing industrial policies, boosting competitiveness through costs and capacity, progressing key projects, and maintaining financial strength.
The document provides details from Braskem's 1Q13 earnings conference call held on May 13, 2013. It highlights that Braskem achieved an EBITDA of R$937 million in 1Q13, up 10% from the recurring EBITDA in 4Q12. It also notes that construction of Braskem's integrated petrochemical project in Mexico is 26% complete physically and that the first disbursement of project financing is expected in 2Q13. Additionally, it outlines Braskem's priorities going forward as focusing on strengthening client relationships, advancing industrial policies in Brazil, boosting competitiveness, progressing the Mexico project, and maintaining financial strength.
1) A Braskem apresentou seus resultados do primeiro trimestre de 2013, com destaque para o crescimento de 6% nas vendas de resinas, taxa média de utilização dos crackers de 90% e EBITDA de R$937 milhões.
2) A construção do projeto integrado no México está em 26% de progresso físico e o primeiro desembolso do financiamento deve ocorrer no segundo trimestre.
3) A Braskem permanece focada no fortalecimento de clientes, evolução da política industrial brasileira e ampliação da competitividade através
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
O documento resume os resultados financeiros da Braskem no quarto trimestre e ano de 2012. No 4T12, a Braskem obteve receita líquida de R$9,2 bilhões, com EBITDA de R$1,4 bilhões, incluindo ganhos com a venda de ativos. Em 2012, a Braskem atingiu EBITDA de R$4 bilhões, excluindo itens não recorrentes. A empresa também avançou em projetos de crescimento no Brasil, México e Estados Unidos.
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TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
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2. Forward-looking Statements
This presentation contains forward-looking statements. Such statements are not statements
of historical facts, and reflect the beliefs and expectations of Braskem’s management. The
words “anticipates”, “wishes”, “expects”, “estimates”, “intends”, “forecasts”, “plans”,
“predicts”, “projects”, “targets” and similar words are intended to identify these
statements. Although Braskem believes that expectations and assumptions reflected in the
forward-looking statements are reasonable based on information currently available to
Braskem’s management, Braskem cannot guarantee future results or events.
Forward-looking statements included in this presentation speak only as of the date they are
made (June 30, 2007), and the Company does not undertake any obligation to update them
in light of new information or future developments.
Braskem shall not be responsible for any transaction or investment decisions that are taken
based on information included in this presentation.
2
3. Braskem
Growth and profitability accelerated by the acquisition
2Q07 (LTM) EBITDA Margin of 19%
Net Revenue US$ MM EBITDA US$ MM
8,744
5,388 1,671
4,769
3,771
871 851
3,008
758
2,375 34% 581
CAGR 33%
457
CAGR
2002 2003 2004 2005 2006 2T07* 2002 2003 2004 2005 2006 2T07*
LTM LTM
EBITDA
margin 19% 19% 23% 18% 14% 19%
* 2Q07 LTM – Consolidated Braskem Pro Forma – Other periods with real information.
Source: Braskem 3
4. Braskem: Highlights of 2Q07
Important strategic events
• Braskem launches the first green polyethylene in the world
• Acquisition of Ipiranga’s petrochemical assets
– The acquisition of Ipiranga Petroquímica minorities was concluded
– CVM announces that a public tender offer (“OPA”) for Copesul shares is not required
– Braskem awaits CVM approval for the publication of the OPA notice
• Odebrecht capitalizes Braskem’s debentures in the amount of R$ 1.2 billion
– BNDESPar exchanges Odebrecht’s debentures for Braskem’s Class A Preferred Shares
CONTROLLING 79.2% 44.4% FREE FLOAT 12.3% 44.9%
SHAREHOLDER
ODEBRECHT NORQUISA* PETROQUISA BNDESPAR OTHERS**
59.4% 37.3% 19.8% 7.1% 8.1% 6.8% 0.0% 7.4% 12.3% 37.5%
*Odebrecht has 100% of Norquisa
% Voting Capital % Total Capital
**Does not include treasury shares (3.7% of total)
4
7. Braskem Figures - 2Q07 x 2Q06
Evolution of Operating and Financial performance
Net Revenue R$ million
R$ million EBITDA R$ million
R$ million
R$ million Net Income R$ million
R$ million
R$ million
4.969 921
4.048 562
281
+23% +64%
(55)
2Q06 2Q07 2Q06 2Q07* 2Q06 2Q07
Exports US$ million EBITDA US$ million Net Debt/EBITDA X LTM
675
465 2,18
496
257 1,49
+36% +81% -32%
2Q06 2Q07 2Q06 2Q07 * Mar Jun
% of 07 07
Net Operating 27% 27%
Revenues
Source: Braskem * Includes R$ 111 MM (US$ 56 MM) of non-recurring revenues in 2Q07
7
8. Braskem: EBITDA Evolution – 2Q07 vs. 2Q06
Price increase surpass costs with naphtha
271
Foreign Exchange
R$ million 111 impact on costs
Foreign
130 Exchange
impact on
743 revenue
(429)
921
(391)
(158)
(76)
562
Non-recurring
Raw Costs/
2Q06 Prices Volume Pis/Cofins
Material
FX Rate
SG&A
2Q07
Revenue
Source: Braskem
8
9. Braskem: EBITDA Evolution – 2Q07 vs. 1Q07
Commercial Performance surpass costs with naphtha price increase
R$ million 111 16 172
Foreign Exchange
190 impact on costs
Foreign
Exchange
374 impact on
revenue
(271)
921
853
(524)
(99)
Non-recurring Costs/ Raw FX Rate
1Q07 Prices Volume Pis/Cofins SG&A Material 2Q07
Revenue
Source: Braskem
9
10. Braskem: Economic and Financial Performance
Operating performance and improved financial results leverage Net Income
R$ million
2Q07 2Q06 Change. % 1H07 1H06 Change. %
Main Figures (A)/(B) (C)/(D)
(A) (B) (C) (D)
Net revenue 4,969 4,048 23% 9,393 8,022 17%
EBITDA 921 562 64% 1,774 1,290 37%
EBITDA Margin 18.5% 13.9% +4.6 pp 18.9% 16.1% +2.8 pp
Net Financial Result (59) (317) -81% (163) (357) -54%
Net Income 281 (55) - 408 92 344%
Source: Braskem
10
11. Braskem
The largest petrochemical company in Latin America
Gross Revenue Net Revenue EBITDA
US$ 11.0 bi US$ 8.7 bi US$ 1.7 bi
Exports Assets
US$ 2.4 bi US$ 10.3 bi
Note Amounts on 06/30/07 – Pro forma basis: last twelve months
Source: Braskem 11