Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q2 2017 Earnings Presentation
29 slides from Petronas Chemicals Group Bhd's earnings presentation, Aug 16, 2017
Slide 1: Quarterly Results Briefing, Quarter Ended 30 June 2017
q GOING BEYOND PETRONAS PETRONAS GAS BERHAD QUARTERLY RESULTS BRIEFING Quarter Ended 30 June 2017 16 August 2017
Slide 2: Disclaimer
Disclaimer Warranties and Exclusion of Liability PETRONAS Gas Berhad (PGB), its subsidiaries and related corporations confirm that reasonable care has been taken in ensuring the accuracy and correctness of information, statements, text, articles, data, images and other materials contained and appear
Slide 3: Agenda
AGENDA = Welcoming Remarks = Opening Remarks = Presentation =" Q&A
Slide 4: PGB Management
PGB Management Aida Aziza Mohd Jamaludin Faeiz Hasan Abrar Chief Financial Officer Head Investor Relations Kamal Bahrin Ahmad Managing Director/ Chief Executive Officer Open
Slide 5: Key Highlights
KEY HIGHLIGHTS
Slide 6: Key Highlights
Key Highlights BZEROLO NS Progressing well and on track Safe, Reliable & Efficient Excellent Ci Reliability C2 OEE PDR ctl crests, «=—=—«:100% 97% 100% 2016: 100% 2016: 97% (excl. Ind Gases) performance 6 mts PBS 2016: 100% Higher Profit _ © on the back of prudent RM889 Mil | OPEX spending 2016: RM8
Slide 7: Performance
PERFORMANCE
Slide 8: Gas Processing
GAS PROCESSING Recorded strong OEE, demonstrating our commitment in ensuring security of gas supply to the nation and sustenance of PBS OEE (%) C2 World Class = 213 « [2 9 SALESGAS ol ae ee RELIABILITY 16 ‘17 ‘17 16 ‘17 ‘17 —— = a Product PBS ole + Delivery ~ OG Reliability 6 months 16 ‘17 16 ‘17
Slide 9: Gas Transportation and Regasification
& REGASIFICATION strong performance GAS TRANSPORTATION Continued to sustain its world class performance in system reliability while Regasification maintained its Reliability (%) OEE (%) 85 3 1818 Ss ¢ {8 188 ae & |g a a Q2 Q1 a2 YTD YTD Q@2 Ql a2 YTD YTD 16 ‘17 ‘17 16 ‘17 16 ‘17 ‘17 16 ‘17 SUSTAINED
Slide 10: Utilities
UTILITIES Higher electricity and steam volume driven by higher offtake by customers and better pricing, supported by strong plant performance Delivery | Electricity(wn) = Steamikmm) = Ind. Gases (MitNm3)_ PRODUCT = = DELIVERY = | = (8s 8 ¥ io RELIABILITY + i+ |v a |" |S = = 100% ° (excl. industrial
Slide 11: Performance
PERFORMANCE
Slide 12: Financial Performance
Financial Performance Strong revenue on the back of excellent operational performance and higher KS) volume and price of utilities. Further supported by higher other income and NZ share of profit from JV, the Group generated higher PAT compared to SPLY Revenue Gross Profit |] Profit After Tax @YTD‘1
Slide 13: Segmental Revenue
Segmental Revenue Sustained revenue strength from all segments. Higher contribution from Utilities segment driven by higher volume and price of electricity and steam. RM Mil Qtr Corresponding 5% ( RM1.4M -0.4% @ RM11.4M +4% (@ RM38.2M +15% Rey (A) RM6.4M—s+4% Segmental Revenue Q-o-Q@ map @GT OUT | R
Slide 14: Segmental Revenue
Segmental Revenue Sustained revenue strength from all segments. Higher contribution from Utilities segment driven by higher volume and price of electricity and steam. Segmental Revenue Q-o-Q@ Segmental Revenue Y-o-Y RM Mil RM Mil | Tel GGT OUT MRGTSU Higher utility volume and price eo Downward revis
Slide 15: Segmental Gross Profit
Segmental Gross Profit Commendable gross profit contributed by Gas Transportation, Regasification and Utilities segments attributable to higher revenue and lower repair and maintenance, partially offset by higher UT costs Segmental Gross Profit Q-o-Q Segmental Gross Profit Y-o-Y RM Mil RM Mil @cp BG
Slide 16: Segmental Gross Profit
Segmental Gross Profit Commendable gross profit contributed by Gas Transportation, Regasification and Utilities segments attributable to higher revenue and lower repair and maintenance, partially offset by higher UT costs Segmental Gross Profit Q@-o-Q Segmental Gross Profit Y-o-Y RM Mil RM Mil e Hig
Slide 17: Profit After Tax
Profit After Tax Deliver stable profits on the back of strong business fundamentals 0.40 0.46 0.43 © @2 ‘16 © Q1'17 ® Q2‘17 @ YTD ‘16 @YTD ‘17 Qtr Corresponding @ Higher Gross Profit mainly from GT segment @ Lower share of profit from joint ventures (JV) Qtr Preceding @ Lower Gross Profit contribute
Slide 18: Cash and Shareholders' Fund
Cash and Shareholders’ Fund Stronger shareholders’ fund on the back of stable profit for the quarter. Sufficient cash from operations for dividends payment and financing BAU CAPEX +RM1.30 Operation (~ +RMO.19 Others 1.76 -RMO.67 Dividend Vv) -RMO.30 CAPEX BAU 31 Dec 16 30 Jun 17 Shareholders’ Fund —
Slide 19: Dividends
Dividends Aspire to maximise shareholders return and dividend payment as per industry dividend payout ratio Dividend Quarterly Payout Ratio Dividend Payment 107% 105% e 15sen 14 June 2017 50 50 50 50 ‘09 ‘10 ‘41 ‘111 Note: 1 For the nine-month period ended 31 December 2011. ? Based on normalised PAT
Slide 20: Progress Update
PROGRESS UPDATE
Slide 21: Key Projects
KEY PROJECTS PGB’s flagship growth project, RGTP is on-schedule for commercial operation in November 2017 within target cost and excellent HSE record @ Progress 92% @ Progress 97% e Progress 42% _ ® Target Commercial @ Gas-In ® Target Commercial Operation Date 23 June 2017 Operation Date Q42017 Date
Slide 22: Outlook
OUTLOOK
Slide 23: Outlook 2017
OUTLOOK 2017 PGB strong business fundamentals are sustainable and will safeguard stable income stream Stable revenue base from G PA & GTA Regasification backed by ca pacity reservation py PETRONAS Utilities driven by demand from customers
Slide 24: Outlook 2017: Third Party Access
OUTLOOK 2017 Strive to ensure sustainable implementation of TPA and minimising impact to the Group's business operations Gas Supply (Amendment) Act 2016 Implementation Effective date 16 Jan 2018 EC will regulate Gas Transmission & Regasification activities Working towards operationalisation of Third
Slide 25: Strategic Focus
STRATEGIC FOCUS
Slide 26: Strategic Focus
STRATEGIC FOCUS To strive for competitiveness, productivity and efficiency as well as growth in our pursuit of becoming world class organisation by 2020 A Leading Gas Infrastructure and Utilities Company Market Commercial & Enhanced Sustainable Development “YO] » Liberalisation G th Safe, Reliable &
Slide 27: Going Beyond
GOING BEYOND For further enquiries please contact us at Address : PETRONAS Gas Berhad Level 51, Tower 1, PETRONAS Twin Towers KUALA LUMPUR CITY CENTRE, 50088 KUALA LUMPUR, MALAYSIA Fax : +603 2331 6992 Ema petronasgas@petronas.com.my Website :www.petronasgas.com Faeiz Hasan Abrar Head, Investor Rela
Slide 28: Thank you
Thank you www.petronasgas.com Open
Slide 29: Questions & Answer
Questions & Answer Open