Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q1 2018 Earnings Presentation
24 slides from Petronas Chemicals Group Bhd's earnings presentation, 2018
Slide 1: PETRONAS copyright notice
© 2017 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, hard copy, recording or otherwise) without the permission
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: Agenda
AGENDA * Opening Remarks — ° Presentation ' + Q&A
Slide 4: Kamal Bahrin Ahmad, Managing Director/CEO
Kamal Bahrin Ahmad Managing Director/ Chief Executive Officer
Slide 5: Key Highlights
KEY 2. HIGHLIGHTS
Slide 6: Key Highlights
KEY HIGHLIGHTS ( Excellent PBS C2 OEE PDR plantperformance 3mths 99.6% 100% (Steam) Higher Profit due to lower RM505 Mil KS) OPEX and higher revenue Q1 2017: stream from RGTP RM463 Mil Growth Projects supporting PIC on schedule and within budget. RGTP has commenced operation and running smoothly whi
Slide 7: Operational Performance
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Slide 8: Strong OEE, demonstrating commitment in ensuring security of gas supply
Strong OEE, demonstrating commitment in ensuring security of gas supply to the nation and sustenance of PBS OEE (%) C1 C2 99.9 99.8 99.6 98.6 99.3 | | | Ql a4 Ql Ql a4 Ql 2017 2017 2018 2017 2017 2018 nths 20.4 mil
Slide 9: Transportation & Regasification performance
RTATION & (ON GT sustained world class performance in system reliability, Regasification maintained strong performance Transportation Regasification Reliability (%) OEE (%) RGTSU RGTP 99.97 99.97 99.98 Ql a4 2017-2017 a4 Ql 2017-2018 6 cargoes
Slide 10: Higher electricity and industrial gases volume on higher offtake
Higher electricity and industrial gases volume on higher offtake by customers, supported by strong plant performance Electricity Steam Industrial Gases (GWh) (KMT) (Mil Nm?) 1,072 1,025 1,028 169 166 172 al Q4 Ql at a4 Ql al a4 Ql 2017 2017 2018 2017 2017 2018 2017 2017 2018 10
Slide 11: Financial Performance
FINANCIAL PERFORMANCE
Slide 12: Higher revenue and gross profit from RGT Pengerang
Higher revenue and gross profit primarily attributable to contribution from RGT Pengerang Gross Profit Profit After Tax RM Mil RM Mil RM Mil a T 16% es ee By T9% ty gq 1351 Bax 1,169 I Ql Q4 Ql Ql 2017. 2017 2018 2017 2017 2018 2017 2017 +2018 12
Slide 13: Gas processing: higher revenue, lower gross profit
G Higher revenue on higher PBS income, lower gross profit on higher depreciation cost post statutory turnaround activities RM Mil T 1% Q1 2018 Revenue 2017 2017 2018 13
Slide 14: Gas transportation: improved revenue
ATION Improved revenue on income from operations and maintenance services T 3% RMMiL peceeeeeeee tix 334 330 Qi 2018 Revenue a4 al 2017 2018 2 RMML t 3x voeeeeeeeeee T 18% ! 260 220 a4 al 14 2017 2017 2018
Slide 15: Utilities: higher revenue on fuel gas price
Higher revenue on favourable selling price due to upward revision of fuel gas price Q1 2018 Revenue 2017 2017 ° 2 RM Mil SC Bo5% Pe TP 28% Qi 2018 : 4 Gross Profit 44 36 6 2017 2017 2018 45
Slide 16: Regasification: gross profit surged with Pengerang terminal
Gross profit surged with contribution from the new regasification terminal at Pengerang RM Mil p-n-n-eeneeeeeeeeeee f 23% Fe T sx 377 300 Qi 2018 ‘ Revenue 164 at a4 at 2017 2017 2018 e 2 RM Mil t 123% a 14% ! 174 153 Qi 2018 1 Gross Profit 78 at a4 at 16 2017 2017 2018
Slide 17: Robust asset base and healthy cash balance
Robust asset base supported by healthy cash balance as well as property, plant and equipment RM Mil 17,627 17,677 Other Assets Cash & Cash Equivalents Property, Plant & Equipment 31-Dec-17 31-Mar-18 17
Slide 18: Maximising shareholders return through sustained dividend payments
Maximising shareholders return through sustained dividend payments Quarterly Dividend Payment Dividend Payout Ratio Dividend per share (sen) 66 2017 72% Qi2018 63% 31-Dec-17 31-Mar-18 18
Slide 19: Updates
Slide 20: RGTP has commenced operation while ASU progress is on track
RGTP has commenced operation and running smoothly while ASU progress is on track LNG Regasification Terminal Pengerang (RGTP) —_— _— @ Achieved 1st Commercial - Operation Date saat @ Achieved Full Commercial Operation Date WI Project WI Project & schedule UD cost 1 Nov 2017 9 Apr 2018 ) Fatality Air
Slide 21: Tariff framework discussions with the Energy Commission
ENT We are in continuous discussions with the Energy Commission on the framework and quantum of the tariff beyond 2018 2018 2019 EC to issue Draft tariff tariff guidelines determination End Q1 Q3 Expected new tariff Ge Q4 PGB to submit Finalisation of proposed tariff tariff by EC a1
Slide 22: Striving for competitiveness, productivity, efficiency and growth
We continue to strive for competitiveness, productivity, efficiency as well as growth in our pursuit to become a world class organisation | __Mastndsing CashGenerator | Expanding Core Business Stewpingout DIGITALISATION gaa) BZEROIOS BEYOND 22
Slide 23: Question & Answer
Of PETRONAS Question & Answer
Slide 24: For further enquiries please contact us
For further enquiries please contact us at: PETRONAS Gas Berhad Level 51, Tower 1, PETRONAS Twin Towers Kuala Lumpur City Centre 50088 Kuala Lumpur, MALAYSIA ir.petronasgas@petronas.com.my www.petronasgas.com