Earnings Call Summary | NESTE OYJ(NTOIF.US) Q4 2023 Earnings Conference
Earnings Call Summary | NESTE OYJ(NTOIF.US) Q4 2023 Earnings Conference
The following is a summary of the Neste Oyj (NTOIF) Q4 2023 Earnings Call Transcript:
以下是 Neste Oyj (NTOIF) 2023 年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Neste's Q4 2023 results exhibited strength in all business sectors, with renewable product sales margin recording $813 per tonne.
The company achieved a strong refining margin performance of $18.90 per barrel in Oil Products even with leaner refining margins than the previous quarter.
The cash flow of Neste also thrived, amounting to a free cash flow of €750 million in 2023.
Although the comparable EBITDA at €3.58 billion was slightly below the previous year, it remained robust.
Comparable ROACE fell to 24% due to assets increase resulting from online growth projects but it still outperformed the target of 15%.
Dividends of €1.2 per share were proposed, fitting the company's policy of paying competitive and gradually increasing dividends.
耐思特2023年第四季度的業績在所有業務領域均表現強勁，可再生產品的銷售利潤率爲每噸813美元。
儘管煉油利潤率低於上一季度，但該公司的石油產品仍實現了強勁的煉油利潤表現，爲每桶18.90美元。
耐思特的現金流也蓬勃發展，2023年自由現金流達到7.5億歐元。
儘管可比息稅折舊攤銷前利潤爲35.8億歐元，略低於上一年，但仍然強勁。
由於在線增長項目導致資產增加，可比ROACE跌至24％，但其表現仍超過15％的目標。
提出了每股1.2歐元的股息，這符合公司支付有競爭力的股息並逐步增加股息的政策。
Business Progress:
業務進展：
Neste reported strong outcomes through optimized end-to-end value chains in both renewable and oil products and plans to increase Renewable Products' sales volume to approximately 4.4 million tonnes in 2024.
The company is also planning to accelerate investments in the cloud infrastructure, with an expected increase in capital expenditures throughout the coming year.
Neste has also initiated plans to improve efficiency, including a new simplified organization and operating model that is expected to create €50 million of cost savings.
After finalizing the ramp-up in Singapore and Rotterdam, expanding the feedstock base, and continuing efficiency improvement plans, the company aims for a substantial increase in 2024.
In 2024, Neste Oyj is expected to deliver between 500,000 and 1 million metric tonnes of extra Sustainable Aviation Fuel (SAF).
Moreover, Neste aims for an improved utilization rate in 2024 and plans a major overhaul in April-May 2024, with a total CapEx projected to be €390 million.
Neste報告說，通過優化可再生和石油產品的端到端價值鏈，取得了豐碩成果，並計劃在2024年將可再生產品的銷量提高到約440萬噸。
該公司還計劃加快對雲基礎設施的投資，預計來年資本支出將增加。
Neste還啓動了提高效率的計劃，包括新的簡化組織和運營模式，預計將節省5000萬歐元的成本。
在新加坡和鹿特丹完成擴產、擴大原料基礎並持續提高效率計劃後，該公司的目標是在2024年實現大幅增長。
2024年，Neste Oyj預計將額外提供50萬至100萬公噸的可持續航空燃料（SAF）。
此外，Neste的目標是在2024年提高利用率，並計劃在2024年4月至5月進行重大改革，總資本支出預計爲3.9億歐元。
More details: NESTE OYJ IR
更多詳情： NESTE OYJ IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。