Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q2 2014 Earnings Presentation
18 slides from Petronas Chemicals Group Bhd's earnings presentation, Aug 11, 2014
Slide 1: PETRONAS Gas Berhad Quarterly Results Briefing
PETRONAS Gas Berhad . Quarterly Results Briefing Highlights for the 2nd Quarter Ended 30 June 2014 11 August 2014 All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording
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 Welcoming Remarks Opening Remarks Presentation Q&A
Slide 4: PGB Management
PGB Management Aida Aziza Azlimi bin Harris bin Harun Yusa’ bin Hassan binti Mohd Mohd Lazim Managing Head Jamaludin Head Director/Chief Investor Relations Head Gas Executive Finance Processing & Officer Utilities
Slide 5: Key Highlights
Key Highlights Implementation of the new Gas Processing Agreement (GPA) and Gas Transportation Agreements (GTA) have strengthen PGB’s revenue base through higher Reservation Charge (RC) and higher capacity booking, respectively. Full quarter and 6 months period contribution from LNG regasificati
Slide 6: Key Highlights (Quarter Corresponding & Preceding)
Key Highlights (Quarter Corresponding & Preceding) Solid performance for Q2, FY2014 contributed by Regasification business RM million Revenue Gross Profit Profit After Tax 5% 23% 54% 3% 1,102.4 Excluding DTA 18% 1,054.2 9% 581.7 945.0 930.8 18% 536.1 495.0 84.2 243.6 75.2 230.6 248.0 46.0 56.0 47.7
Slide 7: Key Highlights (Year-to-date)
Key Highlights (Year-to-date) Solid performance for YTD Q2, FY2014 contributed by Regasification business RM million Revenue Gross Profit Profit After Tax 17% 13% 1,117.8 35% 20% 3% 993.4 159.4 Excluding DTA 2,156.6 1,305.4 93.9 313.1 103.7 1,841.2 17.4 542.9 462.8 491.6 462.2 853.3 502.4 99.5 580.9
Slide 8: Financial Summary
Financial Summary YTD YTD (RM million) Q2 FY14 Q2 FY13 % Q1 FY14 % % FY14 FY13 Revenue 1,102.4 930.8 18.4 1,054.2 4.6 2,156.6 1,841.2 17.1 Cost of revenue (520.7) (435.8) (19.5) (518.1) (0.5) (1,038.8) (847.8) (22.5) Gross profit 581.7 495.0 17.5 536.1 8.5 1,117.8 993.4 12.5 Operating profit 583.5 4
Slide 9: Segmental Performance – Revenue (Q2 FY14 vs Q2 FY13)
Q2 FY14 vs. Q2 FY13 Segmental Performance – Revenue Higher revenue primarily attributed by regasification revenue following full quarter operations of LNG Regasification Terminal in Sungai Udang, Melaka RM Million 171.6 806% 18.4% 4% 6% 1,102.4 12% 930.8 Lower OEE Higher electricity performance. and
Slide 10: Segmental Performance – Revenue (YTD Q2 FY14 vs YTD Q2 FY13)
YTD Q2 FY14 vs. Segmental Performance – Revenue YTD Q2 FY13 Higher revenue primarily attributed by regasification revenue following two full quarters operations of LNG Regasification Terminal in Sungai Udang, Melaka RM Million 315.4 17% 1699% 7% 6% 8% 295.7 2,156.6 1,841.2 313.1 53.4 44.3 28.8 17.4
Slide 11: Segmental Performance – Revenue (Q2 FY14 vs Q1 FY14)
Segmental Performance – Revenue Q2 FY14 vs. Q1 FY14 PGB Revenue of RM1,102.4M was higher by RM48.2M (4.6%) mainly contributed by higher gas transportation revenue and gas processing revenue RM million 48.2 2% 6% 10% 1% 5% 31.0 4.4 2.1 1,102.4 1,054.2 19.5 157.6 155.5 • Higher Higher throughput fee L
Slide 12: Segmental Performance – Results (Q2 FY14 vs Q2 FY13)
Q2 FY14 vs. Q2 FY13 Segmental Performance – Results Stronger results primarily contributed by Regasification and Gas Transportation segments RM million 86.7 18% 3,107% 20% 581.7 33% 22% 87.0 495.0 84.2 43.2 32.9 10.0 46.0 56.0 Full quarter 233.2 • Lower PBS Higher contribution. revenue. 266.1 capaci
Slide 13: Segmental Performance – Results (YTD Q2 FY14 vs YTD Q2 FY13)
YTD Q2 FY14 vs. Segmental Performance – Results YTD Q2 FY13 Higher results on the back of two full quarters of operations of LNG Regasification terminal and new GTA RM million 124.4 13% 3,107% 20% 1,117.8 33% 22% 162.2 993.4 87.8 9.8 159.4 40.2 93.9 103.7 Two full quarter • Lower PBS 462.2 Higher co
Slide 14: Segmental Performance – Results (Q2 FY14 vs Q1 FY14)
Q2 FY14 vs. Q1 FY14 Segmental Performance – Results Higher results contributed by Gas Transportation, Regasification and Utilities segments RM million 45.6 12% 9% 2% 13% 17% 9.0 581.7 29.8 8.3 536.1 1.5 84.2 75.2 Lower utilities 56.0 47.7 Higher capacity cost of sales. booking. Lower repair & 236.3
Slide 15: Shareholders' Fund and Cash & Cash Equivalents
RM million 1% 5% 10,324.9 10,265.7 912.1 867.4 31-Dec-13 30-Jun-14 31-Dec-13 30-Jun-14 Shareholders' Fund Cash & Cash Equivalents
Slide 16: For further enquiries
For further enquiries ptez PETRONAS Gas Berhad Level 51, Tower 1, PETRONAS Twin Towers KUALA LUMPUR CITY CENTRE, 50088 KUALA LUMPUR, MALAYSIA Fax: +603 2331 6992 ir.petronasgas@petronas.com.my www.petronasgas.com Harris Harun, Investor Relations Officer Tel: +603 2331 5260 16
Slide 17: Thank you
Thank you www.petronasgas.com
Slide 18: Questions & Answer
Questions & Answer