Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Q1 2023 Earnings Presentation
15 slides from Petronas Chemicals Group Bhd's earnings presentation, May 29, 2023
Slide 1: For First Quarter 2023
For First Quarter 2023 29 May 2023 Open
Slide 2: Disclaimer
Disclaimer PETRONAS Chemicals Group Berhad (“PCG”), its subsidiaries and related corporations confirm that care has been taken in ensuring the accuracy and correctness of information, statements, text, articles, data, images and other materials contained and appearing in this presentation and the as
Slide 3: Presenters
Mohd Yusri Mohamed Yusof Mohd Azli Ishak Managing Director/CEO Chief Financial Officer Presenter Presenter Chief Manufacturing Head, Strategic Planning & Chief Commercial Head Officer Ventures Officer Investor Relations Open
Slide 4: Content
Content Introduction and Highlights Operational and Financial Performance EESG Updates Market Outlook Key Priorities in 2H 2023 Q&A
Slide 5: 1Q2023 Market Highlights
Brent O&D average Market Price* F&M average Market Price* 1,400 140 Crude Oil, USD/barrel 1,257 1,237 Market Price, USD/MT 1,175 123 1,200 1,132 113 120 1,046 119 105 100 115 1,152 94 92 908 920 912 1,000 1,060 923 872 83 87 100 98 81 79 88 756 806 933 83 800 711 90 893 858 844 80 625 651 603 528 60
Slide 6: Operational, Commercial and Financial Excellence
Operational Excellence 3.01 2.87 2.59 2.43 o Lower Plant utilisation at 96% due to planned shutdown at PC 2.42 Aromatics and PC LDPE (4Q2022: 100%). (Million MT) 1.92 o Lower production volume by 5% at 2,870 KMT (4Q2022 : 3,010KMT). Commercial Excellence Production Volume Sales Volume o Specialties
Slide 7: Olefins & Derivatives segment performance
1Q2023 vs 4Q2022 Product Sales Volume 391 398 283 295 245 197 206 (KMT) 168 372 49 131 (RM Million) 24 299 (112) (7) (27) Olefins , Glycols & Derivatives Polymers Aromatics & MTBE 1Q2022 4Q2022 1Q2023 1Q22 4Q22 1Q23 Q-o-Q Y-o-Y EBITDA 4Q2022 Effect of net Cost of revenue Selling Administration Net o
Slide 8: Fertilizer & Methanol segment performance
1Q2023 vs 4Q2022 Product Sales Volume 687 635 606 576 573 581 1,428 (KMT) 185 202 177 (RM Million) 134 52 3 (25) 782 Methanol Ammonia Urea (810) 1Q2022 4Q2022 1Q2023 1Q22 4Q22 1Q23 Q-o-Q Y-o-Y EBITDA 4Q2022 Effect of net Cost of revenue Selling Administration Net other EBITDA 1Q2023 sales Distributi
Slide 9: Specialties segment performance
4Q22 1Q23 Key highlights 215 Higher revenue q-o-q attributable to increase in end market Revenue RM mil 1,664 1,744 184 demand and sales volume (KMT) EBITDA RM mil 7 88 Higher EBITDA q-o-q in line with higher revenue supported by product margins EBITDA Margin (%) 0.4 5.0 4Q2022 1Q2023 • Higher reven
Slide 10: Cash Flow
Cash Flow 1,139 (401) 154 (RM Million) (1,357) 8,888 8,423 Cash & cash equivalents as Cash flow generated from Cash flow used in investing Cash flow used in financing Net increase due to FX Cash & cash equivalents as at 01.01.2023 operating activities activities activities impact at 31.03.2023 Net c
Slide 11: Total Assets and Total Equity & Liabilities
Total Assets Total Equity & Liabilities 172 110 39 (40) (465) (90) 233 9 18 139 (RM Million) (RM Million) (637) 55,4 30 55,156 55,4 30 55,156 As at Property Investment in Cash & Cash Trade & Trade & Others As at As at Equity Trade & Other Borrowings Deffered Tax Other Liabilities As at 31.12.2022 Pl
Slide 12: EESG Updates
Economic Environmental Social Target in 2024 Target reach in 2023 ~323,000 for CR activities 96% Cap GHG Emissions Volume at 6.98 Mil tCO2e people 2.43 Mil MT Mangrove planting ~5,500 1.82 target in 2023 trees 1.78 1.72 100 96 87 Environment PU (%) • Be Green 2.6 • ecoCare 2.4 1Q 2022 4Q 2022 1Q 202
Slide 13: Market Outlook
F&M: Ure a p ric e s are st ab ilizin g u p o n st art o f Sp e c ialt ie s: Mo d e st re c o ve ry su p p o rt e d b y O&D: We ak d e m an d recovery amidst additional p lan t in g se aso n ; Me t h an o l t o re m ain firm o n t ig h t re st o c kin g ac t ivit ie s supply from new capacity additi
Slide 14: Key Priorities in 2H 2023
Strengthening plant reliability Deliver safe and effective execution of planned shutdown and turnaround OE Deliver safe and smooth start up of Pengerang Integrated Complex Achieve RFSU for Specialty Ethoxylates & Polyols plant in Kerteh, NBL in Pengerang and Penta plant in Sayakha, India by 2H 2023
Slide 15: Thank you
Thank you Open
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