Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Q4 2022 Earnings Presentation
16 slides from Petronas Chemicals Group Bhd's earnings presentation, Feb 23, 2023
Slide 1: Analyst Briefing for Fourth Quarter and Year Ended 31 December 2022
PETRONAS Chemicals Group Berhad Analyst Briefing For Fourth Quarter and Year Ended 31 December 2022 23 February 2023
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: PETRONAS Chemicals Group Management Line up
PETRONAS Chemicals Group Management Line up Mohd Yusri Mohamed Yusof Mohd Azli Ishak Managing Director/CEO Chief Financial Officer Presenter ; Presenter Zamri Japar Yaacob Salim Shakeel Ahmad Khan Debbie Chiu Zaida Alia Shaari Chief Manufacturing Head, Strategic Planning & Chief Commercial Head Head
Slide 4: Introduction and Highlights
Introduction and Highlights Operational and Financial Performance EESG Updates Market Outlook Growth Projects & Focus Area Q&A
Slide 5: Energy supply constraints, COVID-19 restrictions and inflation slowed global economy
Energy supply constraints, COVID-19 restrictions and persistent inflation had slowed global economy Brent O&D average Market Price* FEM average Market Price* 1,104 1,085 80 Market Price, USD/MT Crude Oil, USD/barrel Ez 102021 202022 302022 42022 Oct-21 Nov-21 Jan-22 Feb-22. 9 Mar-22 Apr-22.- May-22.
Slide 6: Higher revenue driven by higher product prices
ighlights : Higher revenue driven by higher product prices Production Volume Revenue 23,026 2021 2022 28,953 = ‘Open 0.07% “—NN Sales Volume wFY2021 © wFY2022 EBITDA Profit After Tax 8,288 8,090 7,320 6,327 2021 2% — 2022 2021 14% 2022 Vv Vv EBITDA Margin 2022: 28% EBITDA Margin 2021: 36% y Lower Pl
Slide 7: O&D: EBITDA declined year-on-year on lower product spread
O&D: EBITDA declined year-on-year on lower product spread, higher energy and utilities cost, coupled with higher maintenance cost Olefins , Glycols & Derivatives Polymers Aromatics 6 MTBE 4Q 2 vs 3Q2022 Product Sales Volu 9492021 9302022 #402022 . 4q2i_}{_ 3022 }{ 4022 | ao-a ][_y-o-v EBITDA 3Q2022
Slide 8: F&M: Higher EBITDA in 4Q2022 on higher sales volume and spread
F&M: Higher EBITDA in 4Q2022 contributed by higher sales volume, higher product spread and favorable foreign exchange impact 4Q2022 vs 3Q20 oduct Sales Volume 201 635 648 ae == 451 Af (45) 1,263 4 | a 177 202 Methanol ‘Ammonia Urea 4Q2021 9302022 #402022 (RM Million) (4021 ]{_ 3022 }{_ 4022 | @-0-a
Slide 9: Specialties: Lower revenue and EBITDA in 4Q2022 on inventory destocking
Specialties: Lower revenue and EBITDA in 4Q2022 driven by inventory destocking across end markets, leading to lower demand on the back of high energy costs Sales Volume FY2021 FY2022 Key highlights Revenue = RM mit 2,066 Higher revenue yoy mainly due to higher prices in certain product segments, par
Slide 10: Commendable full year performance amidst challenging market and heavy turnaround schedule
Commendable full year performance amidst challenging market and heavy turnaround schedule FY2022 vs FY2021 Revenue higher mainly from: y 89% @® rot PURate 95% ww FY2022 + Higher product prices. + Favourable forex impact. + Additional revenue from Perstorp. EBITDA lower due to: + Higher fuel cost, en
Slide 11: Cash Flow from Operations (CFFO) & Consolidated Cash flow
Cash Flow from Operations (CFFO) & Consolidated Cash flow Cash Flow Cash Flow from Operations (RM Million) (RM Million) 8,186 8,049 (3,806) 8,888 Fy2021 Profit Working Interest Taxation Others Fy2022 Cash & cash Cash flow Cash flow used in Cash flow used in Net increase due Cash & cash equivalents a
Slide 12: Higher total assets from acquisition of Perstorp
Higher total assets from acquisition of Perstorp. Higher equity contributed by profit for the year and favourable forex impact Total Assets (RM Million) 46,454 (7,502) As at Property Investment in Cash& Cash Trade@ — Trade& = Others. As at 31.12.2021 Plant & Equip JV& Assoc Equivalents — Other Other
Slide 13: Keeping track of our sustainability metrics
Keeping track of our sustainability metrics & 2 Sales volume (mil Mt) Plant Utilisation Sales Volume 89% 8.3 MMt 93 89 o—2, 24 402021 82 83 22 2.6 302022 402022 Fy2021 FY2022 Internal Open PCG completed its NZCE roadmap that sets our {carbon reduction goals and pathways, starting with a reduction of
Slide 14: China's re-opening expected to boost overall market demand
China's re-opening expected to provide a boost to overall market demand. Fertilisers to remain soft on oversupply amid off-planting season. O&D: Demand recovery supported by balanced supply and active restocking activities 1500 forecast>> 1.200 os OO 600 300 0 Jan-21 dun-21 Nov-24 Apr-22 Sep-22 Feb-
Slide 15: Sustainability at the Core: growth projects and focus areas
g Sustainability at the Core, PCG will continue to focus on Economic, nental, Social and Governance (EESG) aligned with 50.30.0 ZS enor : Or ene 38 § )) 50% improvement in cash flows 0 30% revenue by 2030 from non- ') Net Zero carbon 4S) tt uy traditional business && 4 205C from operations by 2025 M
Slide 16: Open
Open
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