Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q4 2021 Earnings Presentation
24 slides from Petronas Chemicals Group Bhd's earnings presentation, Feb 22, 2022
Slide 1: PETRONAS Gas Berhad Analyst Briefing
PETRONAS GAS BERHAD Analyst Briefing for Quarter Ended 31 December 2021 Tuesday, 22 February 2022 6:00 – 7:00 p.m. (GMT+8) © 2021 Petroliam Nasional Berhad (PETRONAS) © 2022 All rightsPetroliam Nasional reserved. No part of Berhad (PETRONAS) this document may be reproduced in any form possible, stor
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: PGB Management
PGB Management Abdul Aziz Othman Shariza Sharis Hisham Maaulot Izan Hajar Ishak M Yusof Managing Director/ Head, Business Head, Investor Chief Executive Chief Financial Officer Development & Relations Officer Commercial © 2022 Petroliam Nasional Berhad (PETRONAS) | 3 Open
Slide 4: Presentation Outline
Presentation Outline 01 HIGHLIGHTS 02 OPERATIONAL PERFORMANCE 03 FINANCIAL PERFORMANCE 04 UPDATES 05 Q&A © 2022 Petroliam Nasional Berhad (PETRONAS) | 4 Open
Slide 5: Highlights
HIGHLIGHTS Open
Slide 6: 2021 Highlights: Quarterly Revenue
2021 HIGHLIGHTS Group’s performance underpinned by sustained revenue streams PGB’s Quarterly Revenue (2020 – 2021) RM Mil 1,497 1,396 1,400 1,407 1,389 1,384 1,428 1,340 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 © 2022 Petroliam Nasional Berhad (PETRONAS) | 6 Open
Slide 7: 2021 Highlights: Pursuing growth whilst maintaining core business
2021 HIGHLIGHTS Pursuing growth whilst maintaining core business Operations Commercial Growth Assured returns Explore Excellent plant from agreed growth performance contracts opportunities High plant reliability Additional earnings from Lateral gas pipeline project Achieved performance incentives an
Slide 8: 2021 Highlights: Highest ever PAT
2021 HIGHLIGHTS PGB recorded strong financial performance with highest ever PAT Revenue Q4 2021 Q3 2021 Q4 2020 FY 2021 FY 2020 RM 1.50 bn 5% 8% RM 5.65 bn 1% Gross Profit Q4 2021 Q3 2021 Q4 2020 FY 2021 FY 2020 RM 615 mil 22% 3% RM 2.72 bn 2% Profit After Tax Q4 2021 Q3 2021 Q4 2020 FY 2021 FY 2020
Slide 9: Operational Performance
OPERATIONAL PERFORMANCE Open
Slide 10: Gas Processing
GAS PROCESSING Strong OEE, demonstrating commitment in ensuring system reliability and sustenance of performance incentives OEE (%) C1 C2 99.9 99.9 99.9 99.5 99.7 99.7 Salesgas Reliability YTD 99.96% Q4 Q3 Q4 Q4 Q3 Q4 2020 2021 2021 2020 2021 2021 99.9 99.6 99.6 99.7 Performance Incentives YTD RM91
Slide 11: 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 100 99.91 99.94 100 100 100 100 100 100 Average Salesgas Delivery YTD Salesgas 2
Slide 12: Utilities
UTILITIES Higher plant availability and higher customer offtake Electricity Steam Industrial Gases GWh kMt Mil Nm3 1,212 1,214 1,149 Product Delivery Reliability YTD 486 428 184 380 171 172 Electricity 100% Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 Steam 100% 1 1 2020 2021 2021 2020 2021 2021 2020 2021 2021 Indust
Slide 13: Financial Performance
FINANCIAL PERFORMANCE *_ 2© © @ @ ¢ _ 2©« © @ © @© @ _ © ce © © @ @ 4
Slide 14: Financial: Gas Processing
FINANCIAL: GAS PROCESSING Comparable year-on-year gross profit QoQ YTD 2021 2% RM Mil 1% UT 424 430 433 Group Revenue Revenue GP Regas RM5,649 mil 30% RM1,720 mil GT Q4 Q3 Q4 2020 2021 2021 RM Mil UT 5% Regas 4% Group Gross 245 Gross Profit 225 235 GP RM 937 mil Profit RM2,720 mil 34% GT Q4 Q3 Q4 20
Slide 15: Financial: Gas Transportation
FINANCIAL: GAS TRANSPORTATION Lower year-on-year gross profit on higher operating costs QoQ YTD 2021 RM Mil GP 294 295 295 Group Revenue Revenue GT 21% UT RM5,649 mil RM1,170 mil Regas Q4 Q3 Q4 2020 2021 2021 RM Mil 32% GP 42% Group GT Gross 205 Gross Profit 26% 173 RM2,720 mil RM699 mil Profit UT 1
Slide 16: Financial: Regasification
FINANCIAL: REGASIFICATION Higher year-on-year gross profit on lower operating costs QoQ YTD 2021 1% RM Mil GT 0.3% 354 357 356 Group Revenue GP Revenue Regas RM1,414 mil 25% RM5,649 mil UT Q4 Q3 Q4 2020 2021 2021 26% RM Mil GT 23% 269 Group Regas Gross Gross Profit 30% 207 RM811 mil Profit 164 RM2,7
Slide 17: Financial: Utilities
FINANCIAL: UTILITIES Improved year-on-year gross profit on lower operating costs QoQ YTD 2021 RM Mil 30% Regas 19% 412 Group Revenue 346 GT Revenue UT 317 24% RM 1,345mil RM5,649 mil GP Q4 Q3 Q4 2020 2021 2021 Regas RM Mil 26% 25% Group UT Gross Gross Profit 10% RM274 mil GT Profit 74 74 RM2,720 mil
Slide 18: Financial: Group
FINANCIAL: GROUP Sustained year-on-year performance Revenue Gross Profit Profit After Tax RM Mil RM Mil RM Mil 8% 5% 3% 6% 1,497 22% 21% 1,389 1,428 793 619 636 615 521 489 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 2020 2021 2021 2020 2021 2021 2020 2021 2021 1% 5,592 5,648 2% 1% 2,656 2,720 2,082 2,111 FY FY FY F
Slide 19: Total Assets
TOTAL ASSETS Robust asset base supported by healthy cash balance as well as property, plant and equipment Total Assets Segmental Assets NBV (RM Mil) (RM Mil) 18,345 19,186 2,132 1,990 Other Assets GT 3,185 Regas 3,139 Cash & Cash 3,782 17% 5,230 Equivalents 27% Total GP RM 19,186 Mil 4,499 UT 23% 1,
Slide 20: Dividends
DIVIDENDS Maximising shareholders return through sustained dividend payments Dividend Payout Ratio 125% 82% Dividend per share (sen) 127 82 5 Quarterly Dividend 50 Payment Special 10 22 Q4 22 18 Q3 18 16 Q2 16 16 Q1 16 31-Dec-20 31-Dec-21 © 2022 Petroliam Nasional Berhad (PETRONAS) | 20 Open
Slide 21: Updates
UPDATES oo°ee i me @ a
Slide 22: Updates: Active portfolio management to steer growth agenda
UPDATES Active portfolio management to steer growth agenda Lateral gas pipeline project Southern PGU debottlenecking and expansion Potential 3rd storage tank at RGTP GPK off-gas optimisation Renewal of utilities contracts © 2022 Petroliam Nasional Berhad (PETRONAS) | 22 Open
Slide 23: Q&A
Q&A Open
Slide 24: © 2022 Petroliam Nasional Berhad (PETRONAS) Open
© 2022 Petroliam Nasional Berhad (PETRONAS) | Open