Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Petronas Gas Berhad — Q3 2020 Earnings Presentation
24 slides from Petronas Chemicals Group Bhd's earnings presentation, Nov 20, 2020
Slide 1: Analyst Briefing Q3 2020
Friday, 20 November 2020 8:30 – 9:30 a.m. (GMT+8) © 2020 Petroliam Nasional Berhad (PETRONAS) |
Slide 2: Disclaimer
Disclaimer © 2020 Petroliam Nasional Berhad (PETRONAS) |
Slide 3: PGB Management
PGB Management Kamal Bahrin Ahmad Shariza Sharis Abdul Razak Izan Hajar Ishak M Yusof Saim Managing Director/ Head, Business Chief Executive Chief Financial Development & Head, Investor Officer Officer Commercial Relations © 2020 Petroliam Nasional Berhad (PETRONAS) | 3
Slide 4: Presentation Outline
Presentation Outline 01 HIGHLIGHTS 02 OPERATIONAL PERFORMANCE 03 FINANCIAL PERFORMANCE 04 UPDATES © 2020 Petroliam Nasional Berhad (PETRONAS) | 4
Slide 5: Highlights
HIGHLIGHTS
Slide 6: Q3 2020 Highlights
Q3 2020 HIGHLIGHTS COVID-19 & MCO did not significantly impact the Group’s overall performance Excellent Plant Performance Operations High plant reliability sustained Achieved performance incentives IBR for Regulated Businesses Commercial TPA Higher RP1 tariffs with inclusion of IGC recovery RP1 tar
Slide 7: Q3 2020 Highlights
Q3 2020 HIGHLIGHTS Group results positively impacted by lower operating expenditure Revenue Q3 2020 Q2 2020 Q3 2019 9M 2020 9M 2019 RM1.41 bn 1% 5% RM4.20 bn 3% Gross Profit Q3 2020 Q2 2020 Q3 2019 9M 2020 9M 2019 RM736 mil 9% 31% RM2.02 bn 11% Profit After Tax Q3 2020 Q2 2020 Q3 2019 9M 2020 9M 201
Slide 8: Operational Performance
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Slide 9: Gas Processing
GAS PROCESSING Strong OEE, demonstrating commitment in ensuring system reliability and sustenance of performance incentives OEE (%) C1 C2 100 100 99.7 99.7 99.0 97.8 World Class Reliability YTD Salesgas 100% Q3 Q2 Q3 Q3 Q2 Q3 2019 2020 2020 2019 2020 2020 99.6 100 99.7 98.7 Performance Incentives YT
Slide 10: 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 99.95 99.91 99.95 100 100 100 100 100 100 Average Salesgas Delivery YTD Salesgas
Slide 11: Utilities
UTILITIES Sustained sales volume across all products on the back of customer demand Electricity Steam Industrial Gases GWh kMT Mil Nm3 926 999 Product Delivery 832 Reliability YTD 429 388 362 163 160 108 Electricity 100% Q3 Electricity Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 Steam 100% 2019 2020 2020 2019 2020 2020
Slide 12: Financial Performance
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Slide 13: Financial: Gas Processing
FINANCIAL: GAS PROCESSING Higher gross profit on the back of lower operating costs QoQ 9M 2020 1% RM Mil 1% UT 422 430 427 Group Revenue Revenue GP Regas RM4,203 mil 31% RM1,287 mil GT Q3 Q2 Q3 2019 2020 2020 RM Mil 26% UT Regas 1% Group Gross 250 248 Gross Profit GP 36% RM720 mil Profit 197 RM2,020
Slide 14: Financial: Gas Transportation
FINANCIAL: GAS TRANSPORTATION Higher RP1 tariff mitigated lower revenue from transfer of Sabah-Sarawak operations and Sarawak assets QoQ 9M 2020 RM Mil GP 1% 293 292 294 Group Revenue Revenue GT RM879 mil 21% UT RM4,203 mil Regas Q3 Q2 Q3 2019 2020 2020 RM Mil 12% GP 9% Group Gross 207 226 Gross Pro
Slide 15: Financial: Regasification
FINANCIAL: REGASIFICATION Higher revenue and gross profit in line with IBR tariffs QoQ 9M 2020 12% RM Mil GT 350 351 314 Group Revenue GP Revenue Regas RM1,046 mil RM4,203 mil 25% UT Q3 Q2 Q3 2019 2020 2020 39% GT RM Mil 29% 216 Group Gross 155 168 Gross Profit Regas Profit RM2,020 mil 27% RM549 mil
Slide 16: Financial: Utilities
FINANCIAL: UTILITIES Lower operating costs despite lower revenue QoQ 9M 2020 RM Mil 9% Regas 2% 328 336 Group 309 Revenue GT Revenue UT 23% RM992 mil RM4,203 mil GP Q3 Q2 Q3 2019 2020 2020 Regas RM Mil 318% 8% GT Group UT Gross 50 46 Gross Profit 6% RM130 mil Profit RM2,020 mil 11 GP Q3 Q2 Q3 2019 2
Slide 17: Financial: Group
FINANCIAL: GROUP Higher contribution to gross profit on the back of lower operating costs Revenue Gross Profit Profit After Tax RM Mil 5% RM Mil RM Mil 31% 44% 1% 9% 12% 1,338 1,400 1,407 736 640 675 574 563 446 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 2019 2020 2020 2019 2020 2020 2019 2020 2020 3% 11% 5% 4,086
Slide 18: 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) 19,584 18,809 2,315 Other Assets 2,156 GT, 4,022 Cash & Cash 2,719, Regas, 3,652 14% 6,367, Equivalents 34% GP, RM18,809 4,261, 23% UT, Proper
Slide 19: Dividends
DIVIDENDS Maximising shareholders return through sustained dividend payments Dividend Payout Ratio 84% 72% Dividend per share (sen) 82 100 Quarterly Dividend Special 10 Special 50 Payment Q4 22 Q3 18 18 Q3 Q2 16 16 Q2 Q1 16 16 Q1 31-Dec-19 30-Sep-20 © 2020 Petroliam Nasional Berhad (PETRONAS) | 19
Slide 20: Updates
UPDATES
Slide 21: LNG Truck Loading launch at RGTP
LNG Truck Loading launch at RGTP Successfully completed first off-grid delivery in September 2020 • Part of PETRONAS Virtual Pipeline System (VPS) business solution in Peninsular Malaysia • Caters gas demand from off-grid and small-scale customers • A filling facility with 4 loading bays that can ca
Slide 22: LNG Bunkering Service launch at RGTSU
LNG Bunkering Service launch at RGTSU Successfully completed first bunkering operation on 11 November 2020 • Part of PETRONAS LNG bunkering business, one of the first service providers in Southeast Asia • Regas terminals strategically located to serve vessels plying through Straits of Malacca and So
Slide 23: Q&A
Q&A
Slide 24: Contact Us
Contact Us 3 Izan Hajar Ishak +6 03 23319366 @ www.petronasgas.com (Head, Investor Relations) *“2© 0© @e@@@@ 86 @ | @ ir.petronasgas@petronas.com -2© 0e @@@8686 @ ®@ e©ee@ee@ee@ G rermonas "3 "e's ee es ee