Petronas Chemicals Group Bhd. · MYX:PCHEM

Petronas Chemicals Group Bhd — Petronas Gas Berhad — Q3 2019 Earnings Presentation

23 slides from Petronas Chemicals Group Bhd's earnings presentation, Sep 30, 2019

  1. Slide 1: Quarterly Analyst Briefing for Quarter Ended 30 Sep 2019

    QUARTERLY ANALYST BRIEFING FOR QUARTER ENDED 30 SEP 2019 © 2019 Petroliam Nasional Berhad (PETRONAS) All rights reserved. No part of this document may be reproduced in any form possible, stored in a retrieval system, transmitted and/or disseminated in any form or by any means (digital, mechanical, h

  2. Slide 2: Disclaimer

    Disclaimer © 2019 Petroliam Nasional Berhad (PETRONAS) |

  3. Slide 3: Agenda

    AGENDA • Opening Remarks • Presentation • Q&A

  4. Slide 4: PGB Management

    PGB Management Kamal Bahrin Ahmad Shariza Sharis Abdul Razak Saim Izan Hajar Ishak M Yusof Managing Director/ Head, Business Chief Executive Chief Financial Development & Head, Investor Officer Officer Commercial Relations © 2019 Petroliam Nasional Berhad (PETRONAS) | 4

  5. Slide 5: Highlights

    HIGHLIGHTS

  6. Slide 6: Highlights

    HIGHLIGHTS Excellent Plant 2nd Term GPA Performance New remuneration terms High plant reliability sustained GPA Higher Reservation Charge and new Performance incentives slightly Agreed Ethane Target Incentive affected due to minor GPS fire incident IBR Implementation Lower Revenue 1% TPA RP1 proposa

  7. Slide 7: Operational Performance

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  8. Slide 8: Gas Processing

    GAS PROCESSING Strong OEE, demonstrating commitment in ensuring system reliability and sustenance of PBS OEE (%) C1 C2 99.9 World Class Reliability 99.5 99.0 99.4 98.6 YTD 97.8 Salesgas Processing 99.6% Product Delivery 100% Q3 Q2 Q3 Q3 Q2 Q3 2018 2019 2019 2018 2019 2019 99.3 98.7 99.8 99.6 Perform

  9. Slide 9: Gas Transportation & Regasification

    GAS TRANSPORTATION & REGASIFICATION GT sustained commitment ensuring security of gas supply to the nation, Regasification maintained strong performance Transportation Regasification Reliability (%) OEE (%) RGTSU RGTP 100 99.95 100 100 100 100 100 100 World Class Reliability YTD Regasification Delive

  10. Slide 10: Utilities

    UTILITIES Lower volume in line with statutory turnaround at ASU Kertih Electricity Steam Industrial Gases GWh kMt Mil Nm3 1,033 1,023 174 479 471 160 832 429 Product Delivery 108 Reliability YTD Electricity 100% Q3 Electricity Q2 Q3 Q3 Steam Q2 Q3 Q3 Ind. Q2 Gases Q3 2018 2019 2019 2018 2019 2019 20

  11. Slide 11: Financial Performance

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  12. Slide 12: Financial: Gas Processing

    FINANCIAL: GAS PROCESSING Higher revenue and gross profit on higher GPA remuneration terms QoQ YTD 2019 8% RM Mil 1% UT 427 422 Revenue 392 Group Revenue GP, Regas 31% RM1,274 mil RM4,086 mil GT Q3 Q2 Q3 2018 2019 2019 RM Mil 32% Regas UT 10% 218 Group Gross Profit 197 Gross Profit RM610 mil RM1,813

  13. Slide 13: Financial: Gas Transportation

    FINANCIAL: GAS TRANSPORTATION Lower revenue and profit in line with IBR tariffs QoQ YTD 2019 RM Mil 15% GP Revenue 346 293 293 Group Revenue GT, RM876 mil RM4,086 mil 21% UT Regas Q3 Q2 Q3 2018 2019 2019 GP RM Mil 22% 7% UT Group 259 Gross Profit 215 Group Profit 201 RM1,813 mil RM616 mil GT, 33% Re

  14. Slide 14: Financial: Regasification

    FINANCIAL: REGASIFICATION Lower gross profit in line with IBR tariffs QoQ YTD 2019 RM Mil 1% GT 2% Revenue 316 308 314 Group Regas, GP Revenue 23% RM924 mil RM4,086 mil UT Q3 Q2 Q3 2018 2019 2019 GT RM Mil 13% 2% Group Gross Profit Gross Profit Regas, RM471 mil 177 RM1,813 mil 26% 158 155 GP UT Q3 Q

  15. Slide 15: Financial: Utilities

    FINANCIAL: UTILITIES Lower quarterly revenue and profit from lower volumes in line with undertaken turnaround activities QoQ YTD 2019 RM Mil 14% Regas 12% Revenue 349 352 309 GT Group UT, Revenue 25% RM1,013 mil RM4,086 mil GP Q3 Q2 Q3 2018 2019 2019 RM Mil GT 82% Regas Group Gross Profit 81% Gross

  16. Slide 16: Financial: Group

    FINANCIAL: GROUP Higher earnings from Gas Processing and Utilities offset the lower earnings from Gas Transportation and Regasification Revenue Gross Profit Profit After Tax RM Mil RM Mil RM Mil 5% 13% 3% 15% 13% 14% 1,402 1,380 1,338 647 651 563 523 515 446 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 2018 2019 2019

  17. Slide 17: Total Assets

    TOTAL ASSETS Robust asset base supported by healthy cash balance as well as property, plant and equipment RM Mil 19,399 18,424 2,247 2,320 Other Assets Cash & Cash Equivalents 4,144 3,616 Property, Plant & 12,488 Equipment 13,008 31-Dec-18 30-Sep-19 © 2019 Petroliam Nasional Berhad (PETRONAS) | 17

  18. Slide 18: Dividends

    DIVIDENDS Maximising shareholders return through sustained dividend payments Quarterly Dividend Payment Dividend Payout Ratio Dividend per share (sen) 72 22 2018 79% Q4 50 74%* 18 Q3 18 *excluding KPSB tax adjustment impact in Q4 2018 16 Q2 16 16 Q1 16 31-Dec-18 30-Sep-19 © 2019 Petroliam Nasional B

  19. Slide 19: Updates

    UPDATES

  20. Slide 20: Growth

    GROWTH New revenue stream from ancillary business, with ongoing expansion of nitrogen capacity GASSING UP COOLING DOWN AT RGTP RELOADING AT RGTP LNG BUNKERING AT RGTSU LNG TRUCK LOADING AT RGTP NEW NITROGEN NGU3 AT KERTIH NEW STEAM CONTRACT CUSTOMER © 2019 Petroliam Nasional Berhad (PETRONAS) | 20

  21. Slide 21: Third Party Access

    THIRD PARTY ACCESS Welcoming the First Third-Party LNG Cargo Delivery in Malaysia © 2019 Petroliam Nasional Berhad (PETRONAS) | 21

  22. Slide 22: Q&A

    Q&A

  23. Slide 23: © 2019 Petroliam Nasional Berhad (PETRONAS)

    © 2019 Petroliam Nasional Berhad (PETRONAS) |

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