Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q1 2021 Earnings Presentation
24 slides from Petronas Chemicals Group Bhd's earnings presentation, May 25, 2021
Slide 1: PETRONAS Gas Berhad Analyst Briefing for Quarter Ended 31 March 2021
PETRONAS GAS BERHAD Analyst Briefing for Quarter Ended 31 March 2021 Tuesday, 25 May 2021 5:00 – 6:00 p.m. (GMT+8) © 2021 Petroliam Nasional Berhad (PETRONAS) © 2021 All rightsPetroliam Nasional reserved. No part of Berhad (PETRONAS) this document may be reproduced in any form possible, stored in a
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 Abdul Razak Izan Hajar Ishak M Yusof Saim Managing Director/ Head, Business Chief Executive Chief Financial Development & Head, Investor Officer Officer Commercial Relations © 2021 Petroliam Nasional Berhad (PETRONAS) | 3
Slide 4: Presentation Outline
Presentation Outline 01 HIGHLIGHTS 02 OPERATIONAL PERFORMANCE 03 FINANCIAL PERFORMANCE 04 UPDATES 05 Q&A © 2021 Petroliam Nasional Berhad (PETRONAS) | 4
Slide 5: Highlights
HIGHLIGHTS =:
Slide 6: Q1 2021 Highlights: Economic activities continue despite MCO 2.0
Q1 2021 HIGHLIGHTS Economic activities continue despite MCO 2.0 Industrial Production Index CMCO 1.0 (Annual % change) MCO RMCO CMCO MCO 1.0 2.0 2.0 9.3 6.2 -4.9 2,615 1,430 -32.0 Average daily 134 55 24 COVID-19 cases JA N-1 9 A P R-1 9 JUL -1 9 O CT-1 9 JA N -2 0 A P R-2 0 JUL -2 0 O CT-2 0 JA N -
Slide 7: Q1 2021 Highlights: No significant impact from COVID-19 and MCO
Q1 2021 HIGHLIGHTS No significant impact from COVID-19 and MCO to the Group’s overall performance Operations Commercial Growth Excellent Assured New plant returns from growth performance agreed opportunities contracts High plant reliability Additional earnings from Lateral gas pipeline project New A
Slide 8: Q1 2021 Highlights: Higher profits on lower operating costs
Q1 2021 HIGHLIGHTS Higher profits on lower operating costs across all business segments Revenue Q1 2021 Q4 2020 Q1 2020 RM1.34 bn 4% 4% Gross Profit Q1 2021 Q4 2020 Q1 2020 RM712 mil 12% 17% Profit After Tax Q1 2021 Q4 2020 Q1 2020 RM540 mil 4% 55% © 2021 Petroliam Nasional Berhad (PETRONAS) | 8
Slide 9: Operational Performance
_ © © @© @ ¢ _ 2© © @© @ @ @ _ © ce © © @ @ 4 OPERATIONAL —-:.’ PERFORMANCE_::.°
Slide 10: Gas Processing
GAS PROCESSING Strong OEE, demonstrating commitment in ensuring system reliability and sustenance of performance incentives OEE (%) C1 C2 Salesgas Reliability 99.9 99.9 99.7 99.5 99.6 YTD 99.2 99.9% Q1 Q4 Q1 Q1 Q4 Q1 2020 2020 2021 2020 2020 2021 Performance Incentives RM24.2 mil OEE : Overall Equip
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 (%) Average Salesgas RGTSU RGTP Delivery YTD 99.9 100 100 100 100 100 100 100 100 Salesgas 1,95
Slide 12: Utilities
UTILITIES Delivered sales volume across all products on the back of customer demand Electricity Steam Industrial Gases GWh kMt Product Delivery Mil Nm3 Reliability YTD 1,149 1,160 969 Electricity 100% 403 380 381 171 170 159 Steam 100% Industrial 100% Q1 Q4 1 Q1 Q1 Q4 1 Q1 Q1 Q4 Q1 gases 2020 2020 2
Slide 13: Financial Performance
FINANCIAL PERFORMANCE *_ 2© © @ @ ¢ _ 2©« © @ © @© @ _ © ce © © @ @ 4
Slide 14: Financial: Gas Processing
FINANCIAL: GAS PROCESSING Higher gross profit on the back of lower operating costs QoQ YTD 2021 0.4% RM Mil UT 1% 431 424 429 Group Revenue Revenue Regas GP RM1,340 mil 32% GT Q1 Q4 Q1 2020 2020 2021 RM Mil 9% UT Regas 8% Group Gross 243 Gross Profit 223 225 GP Profit RM712 mil 34% GT Q1 Q4 Q1 2020
Slide 15: Financial: Gas Transportation
FINANCIAL: GAS TRANSPORTATION Higher gross profit on the back of lower operating costs QoQ YTD 2021 RM Mil 2% GP 2% 293 294 288 Group Revenue Revenue GT UT RM1,340 mil 21% Regas Q1 Q4 Q1 2020 2020 2021 RM Mil 5% GP 14% Group GT Gross 189 198 Gross Profit 28% 173 RM712 mil Profit UT Regas Q1 Q4 Q1 20
Slide 16: Financial: Regasification
FINANCIAL: REGASIFICATION Higher gross profit on the back of lower operating costs QoQ YTD 2021 1% RM Mil GT 2% 354 Group 345 348 Revenue GP Revenue Regas RM1,340 mil 26% UT Q1 Q4 Q1 2020 2020 2021 RM Mil 19% GT 20% Group Regas Gross 197 Gross Profit 28% 165 164 RM712 mil Profit GP UT Q1 Q4 Q1 2020
Slide 17: Financial: Utilities
FINANCIAL: UTILITIES Lower revenue mitigated by higher gross profit on lower operating costs QoQ YTD 2021 RM Mil 16% Regas 13% 328 317 Group GT Revenue 275 Revenue UT RM1,340 mil 21% GP Q1 Q4 Q1 2020 2020 2021 Regas RM Mil 127% 1% Group UT Gross GT Gross Profit 10% Profit 74 75 RM712 mil 33 GP Q1 Q4
Slide 18: Financial: Group
FINANCIAL: GROUP Higher profits on lower operating costs across all business segments Revenue Gross Profit Profit After Tax RM Mil RM Mil RM Mil 4% 4% 17% 55% 12% 1,396 1,389 1,340 4% 712 521 540 610 636 348 Q1 Q4 Q1 Q1 Q4 Q1 Q1 Q4 Q1 2020 2020 2021 2020 2020 2021 2020 2020 2021 © 2021 Petroliam Nas
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 18,216 1,990 Other Assets 2,008 GT 2,768 3,139 Cash & Cash 15% Regas 3,222 6,048 Equivalents 33% Total GP RM18,216 Mil 4,283 23% UT Pro
Slide 20: Dividends
DIVIDENDS Maximising shareholders return through sustained dividend payments Dividend Payout Ratio 125% 72% Dividend per share (sen) 127 16 5 Special Quarterly Dividend 50 Payment 22 Q4 18 Q3 16 Q2 16 Q1 16 31-Dec-20 31-Mar-21 © 2021 Petroliam Nasional Berhad (PETRONAS) | 20
Slide 21: Updates
UPDATES
Slide 22: Debottlenecking southern pipeline to meet gas demand
Debottlenecking southern pipeline to meet gas demand • Increase Southern PGU capacity by ~150mmscfd Kertih CS • Meet higher pressure requirement at Plentong by July 2022 Kuantan CS 42km lateral pipeline Segamat CS • Expected to benefit industrial customers residing in southern Peninsular Malaysia RG
Slide 23: OA cle
OA cle
Slide 24: © 2021 Petroliam Nasional Berhad (PETRONAS)
© 2021 Petroliam Nasional Berhad (PETRONAS) |