PETRONAS Chemicals Group Bhd. · MYX:PCHEM
PETRONAS Chemicals Group Bhd — Q2 2020 Earnings Presentation
22 slides from PETRONAS Chemicals Group Bhd's earnings presentation, Aug 19, 2020
Slide 1: Quarterly Analyst Briefing, Quarter Ended 30 June 2020
Cf PETRONAS PETRONAS CHEMICALS GROUP BERHAD QUARTERLY ANALYST BRIEFING QUARTER ENDED 30 June 2020 19 August 2020 6.00PM — 7.00 PM
Slide 2: Disclaimer
DISCLAIMER PETRONAS Warranties and Exclusion of Liability 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 containe
Slide 3: Key Highlights, Performance Highlights, Moving Forward
Cf PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD Page 2
Slide 4: Key Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 5: Easing lockdown, cautious recovery
Easing lockdown, cautious recovery © PETRONAS PETROCHEMICAL MARKET SPREADS 2Q 2019 \ 3Q 2019 , 4@2019 1Q 2020 2Q 2020 i 350 ! : f i 80 i ' i i = 300 : : Olefins & Derivatives* 7 4 3 5 > 250 ‘ ! i so 8 4 ' ! i QD 3 i : 50 3S 2 200 ; j : = a i i : 4 2 S 150 T ! ; zg = 30 = too ettiliser & MetHanol* 1
Slide 6: 1H 2020 Highlights
1H 2020 Highlights Cf PETRONAS Vv Vv Vv Plant utilisation (PU) at 97 % Marginally lower production volume at 5.46 million tonnes year-on- year Minimum disruptions during lockdown Vv Lower sales volume by 3% Weak product demand on contracted manufacturing sector Lower product prices on weakened deman
Slide 7: Performance Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 8: Performance Highlights: Financials
Performance Highlights : Financials © PETRONAS Key Financial Indicators 2Q 2020 2Q 2020 1H 2020 Year-on-Year Quarter-on-Quarter Year-on-Year Production 2Q 2020 2,806 (4%) 2Q 2020 1H 2020 Volume 4 1H 2019 (‘000 MTPA) 2Q 2019 2913 ian 1Q 2020 Revenue meee a “mee (RM Million) — | 20.2019 me 1H 2020 1Q
Slide 9: Page 6
• ➢ 6,0 00 5,098 5,0 00 ➢ 4,065 4,0 00 3,0 00 2,0 00 1,382 1,0 00 504 0 Page 6
Slide 10: Page 7
• ➢ 4,000 3,344 3,500 ➢ 3,000 2,577 2,500 2,000 1,500 1,500 996 1,000 500 0 Page 7
Slide 11: Balance Sheet as at June 2020
Balance Sheet as at 30 June 2020 Total Assets (RM million) 38,863 39,585 Others Cash & cash equivalents As at 31.12.2019 As at 30.06.2020 Trade & other receivables Trade & Other inventories Investment in joint ventures and associates Property, plant and equipment (PPE) Total Equity & Liabilities (RM
Slide 12: Cash Flows for the period ended June 2020
Cash Flows for the year ended 30 June 2020 PETRONAS (RM million) 1,608 (749) ro (390) 278 12,792 12,045 a — Cash & cash Cash flow generated Cash flow used in Cash flow usedin —_ Net increase due to FX Cash & cash equivalents at the from operating investing activities financing activities impact equi
Slide 13: Operational performance
➢ ➢ 25.0 100% 20.0 ➢ 90% 15.0 80% 10.0 70% 60% 5.0 50% 0.0 Page 10
Slide 14: Operational performance
120% 1400 110% 1300 100% 90% 1200 80% 1100 70% 1000 60% 900 50% 40% 800 30% 700 20% 600 ➢ ➢ Page 11
Slide 15: Operational performance
1.2 1.1 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 ➢ ➢ Page 13 Page 12
Slide 16: PIC-PETCHEM progress as of June 2020
PETRONAS _. PIC-PETCHEM overall progress as of June 2020 remained at 99.9% completion y All plants and equipment are in preservation mode, ready to be in operation 4. Gearing for start-up early 2021 Photo of Preservation Photo of PC Isononanol, Pengerang Activit Plant: ctivity at Plants
Slide 17: Performance Highlights: Operational - Conclusion
Performance Highlights : Operational - Conclusion © PETRONAS > Higher production and utilisation rate for 2Q 2020 against 1Q 2020, supported by good reliability at most facilities and deferment of turnaround in Gebeng > Secure reliable feedstock supply to our facilities » Remain focus in safeguardin
Slide 18: Q2 2020 Outlook (3 Months)
Q2 2020 Q 2020 Q2 2020 Q1 2020 (vs Q1 2020) (vs Q1 2020) (vs Q1 2020) (vs Q1 2020) Outlook Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) (3 Months) Page 15
Slide 19: Q2 2020 Outlook (3 Months)
Q2 2020 Q2 2020 Q2 2020 (vs Q1 2020) (vs Q1 2020) (vs Q1 2020) Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) Page 16
Slide 20: Moving Forward
Cf PETRONAS MOVING FORWARD
Slide 21: Cautious optimism, slow recovery
Cautious optimism, slow recovery S PETRONAS (~ . . >) > Signs of economic recovery > Crude oil price will remain weak > Prevailing geopolitical tensions ) > >» Focus on what we do best: ° Prioritise HSE ¢ Enhance operational and commercial capabilities \ ° Flexibility to navigate changing environmen
Slide 22: Thank You
Cf PETRONAS THANK YOU For further enquiries please contact us at: PETRONAS Chemicals Group Berhad Level 45, Tower 1, Kuala Lumpur City Centre, 50088 Kuala Lumpur, MALAYSIA petronaschemicals_ir@petronas.com www.petronaschemicals.com
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