台塑石化股份有限公司 (FORMOSA PETROCHEMICAL CORPORATION) [time:2026Q1] 法說會簡報

Company Overview

• 公司名稱: 台塑石化股份有限公司 (FORMOSA PETROCHEMICAL CORPORATION)
• 報告名稱: 2026年 第一季業績報告
• 報告日期: 2026.05

Financial Highlights

(單位:百萬元)

Business Segments

1Q 各事業部營收占比

• Refinery (煉油): 78.4%
• Olefin (烯烴): 15.9%
• Utility (公用): 5.2%
• Others (其他): 0.5%

QoQ (季增率)

• 煉油事業部: 16.5%
• 烯烴事業部: 7.1%
• 公用事業部: -13.2%

Products & Technologies

杜拜原油 vs. 成品油 (美金/桶)

• 成品油種類: Gasoline, Naphtha-MOPJ, Fuel, Diesel, Jet Fuel/Kero, Base Oil 150N

FPCC烯烴產品價差 (美金/噸)

• 烯烴產品: Ethylene, Propylene, Butadiene

Outlook & Strategy

煉油產業展望

2025/2026全球新增產能 (單位:千桶/日)

• 區域新增產能/減產:
  • Americas: -573
  • Middle East: 113
  • Europe & Russia: -377
  • Africa: 30
  • Asia: 433
    • China: 170
    • Japan: -208
    • India: 471
• 新增產能與油品需求成長 (千桶/日):

• 資料來源: IEA, PIRA, company research

石化產業展望

2025/2026全球乙烯新增產能 (千噸/年)

• 全球總新增產能:
  • 2025: 6,061 (其中 Asia: 6,907, Others: -562)
  • 2026: 6,623 (其中 Asia: 6,623)
• 亞洲新增產能 (千噸/年):

• 資料來源: CMA

Additional Data

生產狀況

產能利用率

• Refinery (煉油):
  • 1Q25: 85%
  • 2Q25: 78%
  • 3Q25: 90%
  • 4Q25: 78%
  • 1Q26: 81%
• Olefins (烯烴):
  • 1Q25: 58%
  • 2Q25: 59%
  • 3Q25: 62%
  • 4Q25: 59%
  • 1Q26: 53%

年度定檢計畫 (2026)

• 煉油設備:
  • CDU #1 (180K bpd)
  • CDU #2 (180K bpd)
  • CDU #3 (180K bpd)
  • RDS #1 (80.5K bpd)
  • RDS #2 (80.5K bpd)
  • RCC #1 (84K bpd)
  • RCC #2 (84K bpd)
  • Base Oil (14 k bpd): 2026 2H (Oct-Dec) - planned
• 石化設備:
  • Olefin #1 (0.7mta): 2026 1H (Mar-Apr) - planned
  • Olefin #2 (1.035mta): 2026 2H (Jul-Sep) - planned
  • Olefin #3 (1.2mta): 2026 1H (Jan-Feb) - planned

免責聲明

This document has been prepared by Formosa Petrochemical Corporation (“FPCC" or the "Company") solely for meetings with potential investors.

The information contained in this document has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document does not constitute an offer or invitation to purchase or subscribe for any securities in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase securities in the offering should be made solely on the basis of the information contained in the Offering Circular.

Included in this document contain forward-looking statements and information relating to the Company. The Company has generally identified forward-looking statements by the use of terms such as "may", "might", "will", "expect", "intend", "plan", "estimate”, “anticipate", "believe" or similar words or phrases. The Company bases these statements and financial information on its beliefs as well as its assumptions made using information currently available to it. Because these statements and financial information reflect the Company's current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information. The Company does not undertake to release the results of any revisions of forward-looking statements and financial information to reflect future events or circumstances. The Company cautions investors not to place undue reliance on these forward-looking statements. All written and oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are qualified in their entirety by these cautionary statements.

No part of this document may be distributed, reproduced or transmitted to any third party.