Tenaga Nasional Bhd · MYX:TENAGA

Tenaga Nasional Bhd — Shareholder Meeting (May 2024)

15 slides from Tenaga Nasional Bhd's shareholder meeting presentation, May 21, 2024

  1. Slide 1: Mesyuarat Agung Tahunan Tenaga Nasional Berhad Ke-34

    Appendix B MESYUARAT AGUNG TAHUNAN TENAGA NASIONAL BERHAD KE-34 21 MEI 2024

  2. Slide 2: Minority Shareholders Watch Group (MSWG)

    34th AGM MINORITY SHAREHOLDERS WATCH GROUP (MSWG)

  3. Slide 3: Operational & Financial Matters – Regulatory

    MSWG Operational & Financial Matters – Regulatory 34th AGM 1. TNB is in the final year of Regulatory Period 3 (RP3), which will end this December. What are the key salient points in TNB’s RP4 (which spans across 2025-2027) proposal submission to the Energy Commission? What are the proposals or sugge

  4. Slide 4: Operational & Financial Matters – Sustainability

    MSWG Operational & Financial Matters – Sustainability 34th AGM 2. To further support its decarbonisation efforts, TNB is actively repowering existing plants with cleaner fuels, integrating green technology, and exploring the possibility of early retirement for coal plants domestically and internatio

  5. Slide 5: Operational & Financial Matters – Data Centre (1/2)

    MSWG Operational & Financial Matters – Data Centre (1/2) 34th AGM 3. In recent years, TNB has seen a significant surge in demand from hyperscale co-location data centres in Malaysia. In response to the growing market, TNB introduced the Green Lane Pathway in 2023 to fast-track the onboarding process

  6. Slide 6: Operational & Financial Matters – Data Centre (2/2)

    MSWG Operational & Financial Matters – Data Centre (2/2) 34th AGM Answer for (b): • Malaysia has a 20-year generation planning for electricity supply. With proper demand forecast and system planning, we will be able to meet the demand and manage any bottleneck risk. Depending on location, we will wo

  7. Slide 7: Operational & Financial Matters – Renewable Energy Target (1/2)

    MSWG Operational & Financial Matters – Renewable Energy Target (1/2) 34th AGM 4. In 2023, TNB produced a total of 95,203GWh of electricity, of which 79,355GWh was generated from coal and gas sources and 7,903GWh from renewable energy sources. Total renewable energy (RE) made up 8.3% of the total ele

  8. Slide 8: Operational & Financial Matters – Renewable Energy Target (2/2)

    MSWG Operational & Financial Matters – Renewable Energy Target (2/2) 34th AGM Answer for (a) and (b): • As of December 2023, the RE generation mix at 8.3% is equivalent to a RE capacity mix of 20% (4.3GW) of total TNB’s portfolio. This represent half of the RE capacity mix target in 2025. • TNB rema

  9. Slide 9: Operational & Financial Matters – New Energy Division (NED)

    MSWG Operational & Financial Matters – New Energy Division (NED) 34th AGM 5. In FY2023, TNB made a non-cash impairment of goodwill amounting to RM123.6 million for its investment in Vantage Solar UK Ltd. and Blyth Offshore Demonstrator Ltd (involved in solar and wind power plants) to reflect the sof

  10. Slide 10: Trade Receivables (Impairment Loss) (1/2)

    MSWG Operational & Financial Matters – Trade Receivables (Impairment Loss) (1/2) 34th AGM 6. As of FY2023, total loss allowances on trade receivables amounted to RM2.67 billion, constituting a significant 40.5% of total outstanding trade receivables of RM6.59 million. Nonetheless, the Group managed

  11. Slide 11: Trade Receivables (Impairment Loss) (2/2)

    MSWG Operational & Financial Matters – Trade Receivables (Impairment Loss) (2/2) 34th AGM Answer for (a): • The allowance of trade receivables is mainly due to commercial and industrial sectors’ risk profile. • However, the improved collection rate in 2023 has allowed for the reversal of impairment

  12. Slide 12: Operational & Financial Matters – Distribution Network

    MSWG Operational & Financial Matters – Distribution Network 34th AGM 7. On 10 May 2024, English daily The Sun reported that TNB suffered an annual loss of RM140 million due to unauthorised modification or manipulation of electricity meters, also known as electricity theft. Based on the existing prev

  13. Slide 13: Sustainability Matters (1/2)

    MSWG Sustainability Matters (1/2) 34th AGM * Total includes solar capacity at MWp. ** Target includes assets under operation/construction/development. (page 71 of IAR 2023) 8. Sustainability Matters a) Considering that the RE capacity in 2023 is still relatively low, how would TNB be able to achieve

  14. Slide 14: Sustainability Matters (2/2)

    MSWG Sustainability Matters (2/2) 34th AGM Answer for (a): • TNB remains committed to its 2025 RE target and is on a constant lookout for viable opportunities to add into our portfolio. The 8.3GW target includes both domestic and international capacity and includes assets under operation, constructi

  15. Slide 15: Corporate Governance Matters

    MSWG Corporate Governance Matters 34th AGM 9. Corporate Governance Matters TNB’s whistleblowing policy (dated 23 November 2022) provides reporting channels for senior independent non-executive directors, chief integrity development officer and senior manager of financial integrity. However, the whis

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