Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Q1 2025 Earnings Presentation
14 slides from Petronas Chemicals Group Bhd's earnings presentation, May 20, 2025
Slide 1: Analyst Briefing First Quarter Ended 31 March 2025
PETRONAS Analyst Briefing First Quarter Ended 31 March 2025 20 May 2025 ‘The PETRONAS Group adopts zero tolerance against all forms of bribery and corruption. We abide by the PETRONAS Code of Conduct and Business Ethics (CoBE) & Anti-Bribery and Corruption (ABC) Manual, guided by our Shared Values a
Slide 2: Disclaimer
Disclaimer PETRONAS Chemicals Group Berhad ("PCG’), including its subsidiaries and related corporations (collectively referred to as “the Group’) has taken reasonable care to ensure the accuracy, completeness and reliability of the information, statements, data, images and other materials contained
Slide 3: Content
Content 1. Market Highlights 2. Operational and Financial Performance 3. Market Outlook 4. Key Priorities 5. Q&A
Slide 4: c Page | 1
1,200 100 80 800 60 40 400 20 0 0 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Page | 1 c Internal
Slide 5: 1Q 2024 1Q 2025 o
1Q 2024 1Q 2025 o o o **Production Volume Sales Volume o o o o Page | 2
Slide 6: O&D: Earnings impacted by unrealised forex loss and higher inventory drawdown
O&D: Earnings impacted by unrealised forex loss from revaluation of payables at PPC and higher inventory drawdown 1Q 2025 vs 4Q 2024 oduct Sales Volume (RM Milion) 52 (Kom) 403 430 336 | 263 - L C : E Li l] | 100 Olefins , Glycols & Derivatives Polymers ‘Aromatics 6 MTBE | 10.2024 4Q 2024 m1Q 2025 4
Slide 7: F&M: Sustained strong operational performance on higher urea and methanol prices
F&M: Sustained strong operational performance supported by higher average product prices for urea and methanol 1Q 2025 vs 4Q 2024 income RM Mi eaten) 19 23 5 g92 31 —<—<—< 81 = ——— 733 | | EBITDA Effect of Cost of SéD Admin Other EBITDA 4Q 2024 net sales revenue ‘expenses ‘expenses ‘expenses/ 10.202
Slide 8: Specialties: EBITDA increased compared 4Q 2024 on higher sales volumes
Specialties: EBITDA increased compared 4Q 2024, on higher sales volumes following favourable market dynamics Sales Volume all 4Q2024 — m1Q 2025 (KMT) EBITDA h Intermediates Specialties Polyols Higher sales volume against 4Q 2024 following restocking activities and Sayakha plant contribution. Higher
Slide 9: Group: Lower PAT due to unrealised forex loss
Group: Lower PAT due to unrealised forex loss on revaluation of shareholders loan to PPC and revaluation of loan receivables at Perstorp 1Q 2025 vs 4Q 4 PURate 95% @----=---- == 22a -e nen 094% 2,849 2% 2,691 vm (kT) 40 2024 10 2025 ** Mi Production Volume Sales Volume > Plant Utilisation Rate (PU)*
Slide 10: Slightly lower cash balance due to growth project investment and dividend payment
Slightly lower cash balance due to investment in growth projects and dividend payment Cash Flow (RM Million) 778 9,926 Ce Le — 9,609 (722) (28) (345) Cash & cash Cash flow generated Cash flow used in Cash flow used in FX impact Cash & cash equivalents from operating investing financing equivalents a
Slide 11: Higher total assets mainly due to higher intangible assets
Higher total assets mainly due to higher intangible assets, partially offset by lower cash balance Total Assets (RM Million) 60,020 173 9 46 104 809 60,839 i (322) Asat Property Long Term Trade & Trade & Cash& Other Assets Asat 31.12.2024 Plant & Receivable Other Other Cash 31.03.2025 Equipment Inve
Slide 12: US tariffs and oversupply may lower O&D demand; Specialties growth uncertain
US tariffs and oversupply may lower O&D demand; Planting season to support F&M prices; Specialties market faces uncertain growth OSD: US tariffs and oversupply situation are expected to continue the bearish trend in 2Q 1,500 Forecast: 1.200 600 300 0 Ethylene MEG PE PX Ethylene: Softening prices mai
Slide 13: Key Priorities: Deliver Excellence, Strengthen, Intensify, Unlock value
Deliver Excellence Strengthen & Intensify efforts Progress Unlock value through expansion of Page | 10
Slide 14: Thank you.
D> O > < Cc O om =
PETRONAS Chemicals Group Berhad — Q1 2025 Earnings Presentation on 6ix