Koç Holding Investor Presentation
2017 Expectations vs 12 Months Results
Brent Price ($/bbl)
Capacity Utiliation (%)
70
140
CPU
-
65
120
Average
102,5
105,3
108,1
100
60
74,9
80
55
60
50
62,6 64,2
104 110,3 111.6
99,7 102
109 110,5 106,4 116,5 114,8
54,7 55,1
56 57,4
40
80,7 81,9 84,1
94,6
68
69
45
51,6 52,5
50,4
51,6
48,6
46,5
20
40
0
117
M-17
J-17
N-17
D-17
Our expectation was 50-55 $/bbl; 2017 average was 54.3 $/bbl.
Margins ($/bbl)
Expected Full Capacity Utilization in 2017; achieved 108.1% capacity utilization.
Capex (mn $)
10
8
8,7
6
4
8,2
5,4
8,9
6,5
hhbi
2
0
17 Q1
5,0
17 Q2
17 Q3
400
Tüpraş Net Margin
Med Margin
Tüpraş
Ditaş
320
344,0
117,6
240
6,7
160
4,1
80
17 Q4
Net Tüpraş refinery margin for 12M was 8,1 $/bbl above target of 7,50 - 8,00 $/bbl.
Investor Presentation
0
2015
213,0
2016
185,4
2017
Tüpraş core refining business capex guidance for 2017 was 200 Million dollars.
www.tupras.com.tr
OPERATIONS
30View entire presentation