Tenaga Nasional Bhd · MYX:TENAGA
Tenaga Nasional Bhd — Investor Presentation (September 2023)
18 slides from Tenaga Nasional Bhd's investor presentation, September 2023
Slide 1: Tenaga Nasional Berhad Presentation to Investors
1 TENAGA NASIONAL BERHAD PRESENTATION TO INVESTORS Investor Relations Group Finance Division September 2023
Slide 2: Corporate Profile
Overview Corporate Profile TNB is the largest electricity utility company in Malaysia and at the forefront of Sole Network & Retail Provider in the country’s energy transition Peninsular Malaysia* Sabah Electricity Sdn Bhd (SESB) Our grid network & retail business are governed by (83% owned by TNB)
Slide 3: International Portfolio
Overview Corporate Profile We are also a global player and we strive to future proof our business by expanding our RE footprint and establishing strategic partnerships with leading RE players INTERNATIONAL PORTFOLIO • Operation & Management Services: 2021 • TNB Remaco & Balloki Power Plant • Equity
Slide 4: Composition of BOD
Overview Composition of BOD CHAIRMAN EXECUTIVE DIRECTOR / PRESIDENT / CEO DATO’ ABDUL RAZAK BIN ABDUL MAJID DATO’ SERI IR. BAHARIN BIN DIN Senior Independent Non-Executive Director Independent Non-Executive Directors Non-Independent Non-Executive Directors ONG AI LIN GOPALA KRISHNAN JUNIWATI MUAZZAM
Slide 5: Financial Performance Overview
Results at a Glance Financial Performance Overview Amid a challenging environment, our 9MFY2023 PAT was impacted by negative fuel margin REVENUE EBITDA PAT (RM mil) (RM mil) (RM mil) 9MFY2023 +3.9% 9MFY2023 9MFY2023 RM39,414.9 RM14,342.8 RM2,079.2 (12.1%) (24.4%) EBITDA MARGIN: 36.4%* 9MFY2022:RM 37
Slide 6: Technical Performance Overview
Results at a Glance Technical Performance Overview Group earnings supported by; (i) Improved generation business (ii) World-class network performance 9MFY2023 Equivalent Plant Availability Factor, EAF 84.2% EAF performance secured generation assets’ (Generation) 9MFY2022: 82.8% capacity revenue % 20
Slide 7: Historical Dividend
Dividend Historical Dividend We strive for sustainable dividends to ensure long term value for the shareholders, proven by our historical dividend payout record 56.0% 58.5% 52.8% 55.2% 49.4% 7.5% 7.7% DIVIDEND POLICY 4.3% 4.8% We will continue to honour our dividend 1.8% policy of 30% to 60% dividen
Slide 8: Regulated Business
Regulatory Regulated Business Our regulated business is governed by the Incentive-Based Regulation (IBR) framework which provides stable returns to the Group while ensuring a more efficient energy sector The IBR mechanism provides: • Clear and transparent regulatory framework • Consistent and stable
Slide 9: IBR Regulatory Period (RP3) Parameters
Regulatory IBR Regulatory Period 3 (RP3) Parameters The Government has approved the RP3 parameters and we have secured higher CAPEX with a fair WACC for the next 3 years (2022-2024) RP3 determination (2022 -2024) Base Tariff sen/kWh 38.53 39.45 39.45 39.95 Base Tariff, 39.95 Regulated Business 11.77
Slide 10: ICPT Mechanism
Regulatory ICPT Mechanism Regulatory certainty; the Government has successfully managed the impact of fuel prices volatility for the past 18 ICPT* cycles since 2015 RP1 RP2 RP2 Extension RP3 (2015 – 2017) (2018 – 2020) (Jan 2021 – Jan 2022) (Feb 2022 – 2024) ICPT Implementation (2015 - 2023) 16,158
Slide 11: Net Zero & Coal Free by 2050
TNB’s Energy Transition Plan Net Zero & Coal Free by 2050 Our journey towards Net Zero 2050 Aspiration will bring positive business growth and enhance value to our shareholders, as well as support the nation’s aspiration Net Zero 2050 Aspiration Our Target for 2025 Our Commitment to 2035 Our Aspirat
Slide 12: Three Key Levers: Decarbonisation, Digitalisation & Electrification
TNB’s Energy Transition Plan Three (3) Key Levers: Decarbonisation, Digitalisation & Electrification Our Energy Transition Plan cuts across the electricity supply value chain, anchoring on three (3) key levers: Decarbonisation, Digitalisation & Electrification ENERGY SOURCES ENERGY VECTORS ENERGY US
Slide 13: Peninsular Malaysian Generation Mix
TNB’s Energy Transition Plan Peninsular Malaysian Generation Mix The nation's current generation mix reflects the diversification required for security of supply, and will continue to shift as we take a responsible approach towards energy transition Peninsular Malaysian Generation Mix (%) Forecast S
Slide 14: Our growth story supports our ET agenda
TNB’s Energy Transition Plan Our growth story supports our ET agenda TNB’s fast-track sustainability agenda will see major shifts across the value chain in meeting our ESG commitment while ensuring business growth Energy Sources Energy Vector Energy Usage GenCo aims to capture Regulated asset base (
Slide 15: Investment Pathway
TNB’s Energy Transition Plan Investment Pathway will require investment of 10-20 bil MYR yearly over the next 30 years Indicative TNB CAPEX3 (MYR bil) Legend Green hydrogen hub Decarbonization trailblazer (new green tech)1 60 Retail Decarbonization trailblazer (conventionals) International RE champi
Slide 16: National Energy Transition Roadmap
National Energy Transition Roadmap (NETR) Capitalising on high-value green economy The NETR aims to shift Malaysia from a traditional fossil fuel-based economy to a high-value green economy NETR Part 1 Responsible Transition (RT) Pathway 2050 (6 energy transition levers) to shift Malaysia’s energy s
Slide 17: Outlook RE Portfolio
Outlook RE Portfolio We remain resolute in delivering our RE target capacity of 14.3GW by 2050 Champion for 3 flagship catalyst projects RE portfolio Establishment of Large Scale Solar Parks over 5 sites, each with 100MW capacity, Development of Hybrid Hydro-Floating Solar (HHFS) HYDRO SOLAR WIND BI
Slide 18: Investor Relations
INVESTOR RELATIONS IR OFFICERS: GROUP FINANCE DIVISION Sarah Keok Tenaga Nasional Berhad +603 2108 2126 | sarahk@tnb.com.my Level 12, Tower A, TNB Platinum No. 3, Jalan Bukit Pantai, Bangsar 59100 Kuala Lumpur Sakinah Mohd Ali +603 2108 2840 | sakinah.ali@tnb.com.my Tel : +603 2108 2128 Fax : +603 2
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