Türkiye Petrol Rafinerileri

Equities

TUPRS

TRATUPRS91E8

Oil & Gas Refining and Marketing

Market Closed - Borsa Istanbul Other stock markets 11:09:48 2024-05-10 am EDT			5-day change	1st Jan Change
187.2 ^TRY	-1.00%		-7.00%	+30.91%

Mar. 04	Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 04	Transcript : Türkiye Petrol Rafinerileri A.S., Q4 2023 Earnings Call, Mar 04, 2024

Turkiye Petrol Rafinerileri : Q3 2018 Financial Results

November 07, 2018 at 12:13 pm EST

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

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

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

Latest news about Türkiye Petrol Rafinerileri

Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 04	CI
Transcript : Türkiye Petrol Rafinerileri A.S., Q4 2023 Earnings Call, Mar 04, 2024	Mar. 03
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Transcript : Türkiye Petrol Rafinerileri A.S., Q3 2022 Earnings Call, Nov 03, 2022	22-11-02
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Transcript : Tnrkiye Petrol Rafinerileri A.S., Q2 2022 Earnings Call, Aug 15, 2022	22-08-14
Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-08	CI
Transcript : Türkiye Petrol Rafinerileri A.S., Q1 2022 Earnings Call, May 09, 2022	22-05-08
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Transcript : Türkiye Petrol Rafinerileri A.S., Q4 2021 Earnings Call, Feb 16, 2022	22-02-15
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Transcript : Türkiye Petrol Rafinerileri A.S., Q3 2021 Earnings Call, Nov 04, 2021	21-11-03
T?rkiye Petrol Rafinerileri A.S. Provides Production and Sales Guidance for the Fiscal Year 2021	21-11-03	CI
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Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-11	CI
Transcript : Türkiye Petrol Rafinerileri A.S., Q2 2021 Earnings Call, Aug 11, 2021	21-08-10

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Company Profile

Turkiye Petrol Rafinerileri AS is a Turkey-based company that is engaged, together with its subsidiaries, in the refining of crude oil and petroleum products. Its refineries produce a full range of refined petroleum products, including diesel, fuel oils, jet fuel, gasoline and asphalt. The Group also imports and sells petroleum products and engages in the distribution, retailing and marine transportation of crude oil and refined products. It is mainly engaged in the following fields: to provide and refine crude oil, to import and export petroleum products, and to establish and operate domestic and foreign refineries for this purpose; to establish and operate factories and facilities in petrochemical and other related industries; to establish and operate facilities and plants related with energy and energy related industries, as well as to purchase, sell, import, export, store, market and distribute petroleum products, Liquefied Petroleum Gas (LPG) and natural gas, among others.

Sector

Oil & Gas Refining and Marketing

Calendar

2024-08-06 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Ratings for Türkiye Petrol Rafinerileri

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

187.2 TRY

Average target price

182.6 TRY

Spread / Average Target

-2.48%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Petroleum Refining