Q3 2018 Analyst Teleconference
7 November 2018
Disclaimer
This presentation contains forward-looking statements that reflect the Company management's current views with respect to certain future events. Although it is believed that the expectations reflected in these statements are reasonable, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially.
Neither Tüpraşnor any of its directors, managers or employees nor any other person shall have any liability whatsoever for any loss arising from use of this presentation.
Q3 2018 Key Market Highlights
Resilient Turkish Market2018 8M
Diesel demand growth8.0%
Jet Fuel demand growth12.3%
Gasoline demand growth3.7%
Fuel oil demand contracted by22%
Compared toQ3 2017
Strong Middle Distillate Cracks;Weak Gasoline and Fuel Oil Cracks inQ3 2018
Significant Increase in Crude Oil Price
2018 Brent ($/bbl)
2.01.2018
8.01.2018
12.01.2018
18.01.2018
24.01.2018
30.01.2018
5.02.2018
9.02.2018
15.02.2018
21.02.2018
27.02.2018
5.03.2018
9.03.2018
15.03.2018
21.03.2018
27.03.2018
4.04.2018
10.04.2018
16.04.2018
20.04.2018
26.04.2018
2.05.2018
9.05.2018
15.05.2018
21.05.2018
25.05.2018
1.06.2018
7.06.2018
13.06.2018
19.06.2018
25.06.2018
29.06.2018
5.07.2018
11.07.2018
17.07.2018
23.07.2018
27.07.2018
2.08.2018
8.08.2018
14.08.2018
20.08.2018
24.08.2018
31.08.2018
6.09.2018
12.09.2018
18.09.2018
24.09.2018
28.09.2018
Steep Increase in $/TL
Normalization began in the second half of September
1.01.2018
6.88
7.01.2018
13.01.2018
19.01.2018
25.01.2018
31.01.2018
6.02.2018
12.02.2018
18.02.2018
24.02.2018
2.03.2018
8.03.2018
14.03.2018
20.03.2018
26.03.2018
1.04.2018
7.04.2018
13.04.2018
19.04.2018
25.04.2018
1.05.2018
7.05.2018
13.05.2018
19.05.2018
25.05.2018
31.05.2018
6.06.2018
12.06.2018
18.06.2018
24.06.2018
30.06.2018
6.07.2018
12.07.2018
18.07.2018
24.07.2018
30.07.2018
5.08.2018
11.08.2018
17.08.2018
23.08.2018
29.08.2018
4.09.2018
10.09.2018
16.09.2018
22.09.2018
28.09.2018
Q3 2018 TüpraşHighlights
Highest Q3 Net Refining Margin in Last Decade13.5 $/bbl driven by
Q3 - TüpraşNet Refining Margin ($/bbl)
13.5
13.5
14 11
production increase and7
inventory gains4
Middle Distillate Sales remain sound4.8 million tons of domestic jet and diesel sales Q3
02008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Domestic Middle Distillate Sales (mn tons)
4.8
3.6
2.4
1.2
0
Q3 2014
Q3 2015
Q3 2016
Q3 2017
Q3 2018
Market
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TUPRAS - Turkiye Petrol Rafinerileri AS published this content on 07 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2018 17:12:06 UTC