PETRONAS Chemicals Group Bhd. · MYX:PCHEM
PETRONAS Chemicals Group Bhd — Q1 2020 Earnings Presentation
22 slides from PETRONAS Chemicals Group Bhd's earnings presentation, May 20, 2020
Slide 1: Quarterly Analyst Briefing, Quarter Ended 31 March 2020
Cf PETRONAS PETRONAS CHEMICALS GROUP BERHAD QUARTERLY ANALYST BRIEFING QUARTER ENDED 31 MARCH 2020 20 May 2020 4.00PM — 5.00 PM
Slide 2: Disclaimer
DISCLAIMER PETRONAS Warranties and Exclusion of Liability PETRONAS Chemicals Group Berhad ("PCG"), its subsidiaries and related corporations confirm that care has been taken in ensuring the accuracy and correctness of information, statements, text, articles, data, images and other materials containe
Slide 3: Key Highlights, Performance Highlights, Moving Forward
Cf PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD Page 2
Slide 4: Key Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 5: Market conditions (Source: IHS)
400 90 350 80 300 70 250 200 60 150 50 100 40 50 - 30 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 ➢ ➢ ➢ *Source: IHS Page 3
Slide 6: 1Q 2020 Highlights
1Q 2020 Highlights Cf PETRONAS Plant utilisation (PU) at 94 % Comparable production volume at 2.65 million tonnes year-on-year Disruptions during lockdown mitigated early Comparable sales volume year-on-year Weak product demand on contracted manufacturing sector Lower product prices on lower demand
Slide 7: Performance Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 8: Performance Highlights: Financials
Performance Highlights : Financials Key Financial Indicators 1Q 2020 Year-on-Year 1Q 2020 Quarter-on-Quarter PETRONAS (RM Million) 1Q 2019 1Q 2020 1Q 2020 Production Volume (000 MTPA) 10 2019 4Q 2019 1Q 2020 1Q 2020 Revenue 4Q 2019 Profit After Tax (RM Million) 1Q 2020 1Q 2019 102020 [BBs sax tT 4Q
Slide 9: Performance Highlights: Financials - Olefins & Derivatives
Performance Highlights : Financials Cf Olefins & Derivatives A Others* Revenue (RM million) O&D > Better plant performance year-on-year mainly due to better feedstock supply Quarterly Revenue & EBITDA (RM million) 2,752 2,576 2,352 2,281 736 652 1Q 2019 2Q 2019 3Q 2019 4Q 2019 Mmm Revenue Sami EBITD
Slide 10: Performance Highlights: Financials - Fertilisers & Methanol
Performance Highlights : Financials Cf PETRONAS Fertilisers & Methanol Quarterly Revenue & EBITDA (RM million) O&D ———— 1,976 Revenue 1367 1361 “ 1,261 (RM million) 913 587 545 475 592 \ Others* E F iB E 10 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Mill Revenue Ge EBITDA > Lower plant performance year-on
Slide 11: Balance Sheet as at March 2020
Balance Sheet as at 31 March 2020 Total Assets (RM million) 38,863 39,727 Others Cash & cash equivalents Trade & other receivables Trade & Other inventories Investment in joint ventures and associates Property, plant and equipment (PPE) As at 31.12.2019 As at 31.03.2020 Total Equity & Liabilities (R
Slide 12: Cash Flows for the period ended March 2020
Cash Flows for the year ended 31 March 2020 PETRONAS (RM million) 794 (367 (567) (346) 345 12,471 12,045 mz =—= — — Cash & cash Cash flow generated Cash flow used in Cash flow usedin —_ Net increase due to FX Cash & cash equivalents at the from operating investing activities financing activities imp
Slide 13: Operational performance
➢ ➢ 25.0 100% 20.0 90% 15.0 80% ➢ 70% 10.0 60% 5.0 50% 0.0 Page 10
Slide 14: Operational performance
120% 1400 110% 1300 100% 90% 1200 80% 1100 70% 1000 60% 900 50% 40% 800 30% 700 Average : 247 20% 600 ➢ ➢ Page 11
Slide 15: Operational performance
1.2 1.1 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 ➢ ➢ Page 13 Page 12
Slide 16: Performance Highlights: Operational - Projects Updates
Performance Highlights : Operational — Projects Updates © PETRONAS | 99.9% completion of PIC-PETCHEM Zs overall progress as of March 2020 _/ Expected to complete PTR for all 4 petrochemical products by 2H 2020, Photo of Product Testing Photo of bagged LLDPE at prior to commercial operations at Labor
Slide 17: Performance Highlights: Operational - Conclusion
Performance Highlights : Operational - Conclusion © PETRONAS >» Higher production and utilisation rate for 1Q 2020 against 4Q 2019 and comparable performance against 1Q 2019, due to deferment of turnaround in Gebeng and good reliability at most facilities >» Sustain plants operation at optimum rates
Slide 18: Product outlook (3 months)
Q1 2020 Q1 2020 Q1 2020 Q1 2020 (vs Q4 2019) (vs Q4 2019) (vs Q4 2019) (vs Q4 2019) Outlook Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) (3 Months) Page 15
Slide 19: Product outlook (3 months)
Q1 2020 Q1 2020 Q1 2020 (vs Q4 2019) (vs Q4 2019) (vs Q4 2019) Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) Page 16
Slide 20: Moving Forward
Cf PETRONAS MOVING FORWARD
Slide 21: Prevailing uncertainty, volatility remains
Prevailing uncertainty, volatility remains S PETRONAS (— ~ > Slow but certain recovery post pandemic > Crude oil price will remain weak > Prevailing geopolitical tensions J \ > Focus on what we do best: ° Prioritise HSE ¢ Sustain world class plant performance ° Flexibility to navigate changing envir
Slide 22: Thank You
Cf PETRONAS THANK YOU For further enquiries please contact us at: PETRONAS Chemicals Group Berhad Level 45, Tower 1, Kuala Lumpur City Centre, 50088 Kuala Lumpur, MALAYSIA petronaschemicals_ir@petronas.com www.petronaschemicals.com
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