Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q2 2018 Earnings Presentation
24 slides from Petronas Chemicals Group Bhd's earnings presentation, 2018
Slide 1: Copyright notice
© 2017 PETROLIAM NASIONAL BERHAD (PETRONAS) All rights reserved. No part of this document may be reproduced in any form possible, stored in a retrieval system, transmitted and/or disseminated in any form or by any means (digital, mechanical, hard copy, recording or otherwise) without the permission
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 * Opening Remarks — ° Presentation ' + Q&A
Slide 4: Presenters
Kamal Bahrin Ahmad Managing Director/ Chief Executive Officer Abdul Razak Saim Head, Business Development & Commercial
Slide 5: Key Highlights
KEY Ye, HIGHLIGHTS
Slide 6: Key Highlights
KEY HIGHLIGHTS Sustained strong PBS C2 OEE PDR plant performance 6mths 99.7% 100% Electricity & Steam ~ Higher Profit due to lower RM1,042 Mil KS) OPEX and higher revenue YTD Q2 2017: stream from RGTP RM889 Mil Growth Project supporting PIC on schedule and A within budget. RGTP has commenced operati
Slide 7: Operational Performance
th Vi
Slide 8: Gas processing: strong OEE and world class reliability
Cy G Strong OEE, demonstrating world class performance in system reliability and sustenance of PBS OEE (%) pa Cl C2 World Class Reliability YTD 99.8 99.9 996 99.7 98.6 a al @ Ql a2 2017 2018 2018 2017 2018 2018 99.7 Performance Based 97.3 Structure nths 8.7 mil 99.9 / | YTD YTD YTD YTD 2017 2018 201
Slide 9: Gas Transportation & Regasification
GAS TRANSPORTATION & REGASIFICATION GT sustained commitment in ensuring security of gas supply to the nation, Regasification maintained strong performance Transportation Regasification Reliability (%) OEE (%) RGTSU RGTP 99.98 99.98 99.97 999 100 World Class Reliability YTD Product Delivery 99.9% al
Slide 10: High reliability despite lower delivery of utilities products
High reliability despite lower delivery of utilities products on softer customer demand Electricity Steam Industrial Gases (GWh) (kMT) (Mil Nm*) Product Delivery 1,014 1,028 Reliability YTD 100% 483490 430 Ul = ial = Q2 Ql Q2 2017 208 2018 2017 2018 2018 S07 2018 2018 100% 2,039 1,992 955 919 | 319.
Slide 11: Financial Performance
FINANCIAL PERFORMANCE
Slide 12: Financial summary
RM Mil RM Mil RM Mil RM Mil RM Mil RM Mil
Slide 13: Higher revenue on higher PBS income, better gross profit
G Higher revenue on higher PBS income, better gross profit on lower operating expenses : Revenue RM789 mil 2% 388 RM2,709 mi L \ Q2 Ql Q2 2017. 2018 =. 2018 RM Mil RM Mil Gross a t 6x Profit : 11 ign 171 Q2 Ql Q2 2017, 2018 =. 2018 RM333 mil & 2% 13
Slide 14: Gas Transportation revenue
@ Revenue ATION Improved revenue on income from operations and maintenance services | 0a ’ YTD 2018 RM Mil ae TB o5x po T 3% | Group GT ; 544 Revenue eeya RM678 mil fF ay, 327 | || RM2,709 mi Q2 Ql Q2 2017 2018 2018 RM Mil eceesceceeeees ex Po Tt 2x Group ; 250 260 266 Gross Profit RM526 mil t 5% Q2
Slide 15: Regasification revenue and gross profit
@ Revenue Gross Profit Gross profit surged with contribution from the new regasification terminal at Pengerang RM Mil Tt ss% 4% 300. += 31. Q2 at @ 2017 2018 ~=«2018 RM Mil ———— 142% ft 2% 174177 | Q2 Ql Q2 2017, 2018 =. 2018 YTD 2018 Group ; Revenue RM610 mil fF 85% RM2,709 mi Group . Gross Profit
Slide 16: Utilities revenue and gross profit
@ Revenue Higher year-to-date revenue on favourable selling price, gross profit remained comparable on increased cost | 0a ’ YTD 2018 RM Mil Tsx Pe g 5% ; ! roup ; 524 Revenue RM632 mil F 8% : 308 . 294 || |_| RM2,709 mil Q2 Ql Q2 2017. +2018 2018 RM Mil cee g 5% y Group pee 12% a . Gross Profit a,
Slide 17: Robust asset base supported by healthy cash balance
Robust asset base supported by healthy cash balance as well as property, plant and equipment RM Mil 17,627 Other Assets Cash & Cash Equivalents Property, Plant & Equipment 31-Dec-17 30-Jun-18 17
Slide 18: Maximising shareholders return through sustained dividend payments
Maximising shareholders return through sustained dividend payments Quarterly Dividend Payment Dividend Payout Ratio Dividend per share (sen) 66 2017 72% 4% 31-Dec-17 30-Jun-18 18
Slide 19: Updates
Slide 20: ASU progress is on track and expected to be ready in Q4 2018
ASU progress is on track and expected to be ready in Q4 2018 Air Separation Unit (ASU) @ Progress 90.9% Target Commercial ° Operation Date Q4 2018 WI Project WI Project WI Zero A schedule A cost Fatality 20
Slide 21: New tariff under cost-recovery mechanism with changes in calculation basis
While the new tariff will still be under cost-recovery mechanism, there are changes on calculation basis as well as new elements CURRENT TARIFF Depreciated Replacement CAPEX & @ A greed Cost (DRC) T . OPEX Return Asset Base 21
Slide 22: Continuous discussions with Energy Commission on tariff beyond 2018
ENT We are in continuous discussions with the Energy Commission on the framework and quantum of the tariff beyond 2018 2018 2019 EC to issue Draft tariff tariff guidelines determination End Q1 Q3 Expected new tariff PGB to submit Finalisation of proposed tariff tariff by EC 22
Slide 23: Question & Answer
Of PETRONAS Question & Answer
Slide 24: For further enquiries please contact us
For further enquiries please contact us at: PETRONAS Gas Berhad Level 51, Tower 1, PETRONAS Twin Towers Kuala Lumpur City Centre 50088 Kuala Lumpur, MALAYSIA ir.petronasgas@petronas.com.my www.petronasgas.com