Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Q2 2023 Earnings Presentation
17 slides from Petronas Chemicals Group Bhd's earnings presentation, Aug 22, 2023
Slide 1: Analyst Briefing for Second Quarter 2023
+ % + 6 PETRONAS er Ht PETRONAS Chemicals Group Berhad Analyst Briefing For Second Quarter 2023 22 August 2023
Slide 2: Disclaimer
Disclaimer 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 contained and appearing in this presentation and the as
Slide 3: PETRONAS Chemicals Group Management
PETRONAS Chemicals Group Management Mohd Yusri Mohamed Yusof Mohd Azli Ishak Managing Director/CEO ) Chief Financial Officer Presenter Presenter Also present in the briefing DOD ® Zamri Japar Yaacob Salim Debbie Chiu Shakeel Ahmad Khan Zaida Alia Shaari Chief Manufacturing Head, Strategic Planning C
Slide 4: Agenda
Introduction and Highlights Operational and Financial Performance EESG Updates Market Outlook Key Priorities in 2H 2023 Q&A
Slide 5: Persistent inflation and monetary tightening continue to take a toll on global economic activities
Persistent inflation and monetary tightening policy continue to take a toll on global economic activities Brent OBD average Market Price* FEM average Market Price* fe87 1,175, 105 806 Market Price, USD/MT Crude Oil, USD/barrel 2Q 2022 3Q 2022 4Q 2022 2Q 2023 Apr-22. May-22. Jun-22.— Jul-22.- Aug-22.
Slide 6: 1H 2023 Highlights
1H 2023 Highlights : Higher revenue driven by higher commodity sales volume and additional Specialties sales volume from Perstorp 1H 2022 2H 2023 21% zw Production Volume REVENUE 13,217 | 14,670 1H 2022 | 1H 2023 PAT 3,944 | 1,169 1H 2022 | 1H 2023 Note’ 1H 2022 does not incl 37% a Sales Volume EBIT
Slide 7: O&D: Increase in EBITDA on higher sales volume and lower operating cost
O&D: Increase in EBITDA on higher sales volume and lower operating cost 2Q 2023 vs1Q rn EBITDA 1Q 2023 Effect ofnet Cost of revenue sales Selling & Distribution expenses Administration expenses Net other income \ EBITDA 20 2023 2Q 2023 vs 2Q 2022 (29) EBITDA 2Q 2022 Effect of net Cost of revenue sal
Slide 8: F&M: EBITDA impacted by lower sales volume and product spreads
F&M: EBITDA impacted by lower sales volume and product spreads 2Q 2023 vs1Q Product Sales Volume. \ 606 eq 573 538 395 4il 782 172177218 ye af Methanol Ammonia Urea 20.2022 w1Q.2023 =2Q 2023 (623) Selling Administration Netother EBITDA2Q 2023 = 1Q 2023 pee | (24.2%) | EBITDA 10 2023 Effectof net Cos
Slide 9: Specialties: 2Q 2023 performance impacted by challenging market conditions
Specialties: 2Q 2023 performance continued to be impacted by challenging market conditions Sales Volume 215 203 Revenue = RM mit EBITDA rm mit EBITDA Margin (x) @1Q 2023 2Q 2023 ~ Resins & Coatings Lower revenue and sales volumes mainly for resins segments in 2Q 2023 vs 1Q 2023. * 2Q 2023 volumes de
Slide 10: Group PAT improved in 2Q 2023 despite lower revenue
Group PAT improved in 2Q 2023 despite lower revenue 2Q 2023 vs 1Q 2023 2Q 2023 GB Sates Volume 10 2023 GB Production Volume Plant Utilisation Rate: Lower due to unplanned downtime at PC Methanol and PC Fertiliser Sabah ® Production Volume: Lower mainly due to lower production within the F&M segment
Slide 11: Consolidated Cash flow
Consolidated Cash flow (1,058) ct 9 S = = Cash & cash equivalents as Cash flow generated from Cash flow used in investing Cash flow used in financing —_ Net increase due to FX Cash & cash equivalents as. impact at 30.06.2023 at 01.01.2023 operating activities activities activities Net cash used in i
Slide 12: Total assets and total equity & liabilities
Higher total asset mainly from higher PPE in relation to capital investment in projects. Increase in equity contributed by profit generated during the period tal Equity & Liabilities 380 Total Assets (RM Million) (RM Million) Asat Property Investment Cash& Trade& Trade& Others Asat Asat Equity Trade
Slide 13: Keeping track of our sustainability metrics
Keeping track of our sustainability metrics Sales volume (mil Mt) Plant Utilization 82% Sales Volume 2.42 Mil MT Target in2024 Cap GHG Emissions Volume at 6.98 Mil:coze (a, | 2Q 2022 1Q 2023 2Q 2023 2a 1a 2a 1H 4H 2022 2023 2023 2022 2023 Target in2024 Hazardous Waste Recycle rate (%) , 3R [ 2Q 1Q 2
Slide 14: Market Outlook
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Slide 15: Headwinds continue; Key Priorities in 2H 2023
Headwinds continue with persistent inflation and slower economic growth OPERATIONAL EXCELLENCE Strengthening plant reliability Deliver safe and effective execution of planned shutdown and turnaround Deliver safe and smooth start up of Pengerang Integrated Complex GROWTH DELIVERY EXCELLENCE Achieve R
Slide 16: Thank you
Thank you
Slide 17: Page | 12
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