Tenaga Nasional Bhd · MYX:TENAGA
Tenaga Nasional Bhd — Q1 FY2025 Earnings Presentation
20 slides from Tenaga Nasional Bhd's earnings presentation, May 28, 2025
Slide 1: Analyst Briefing 1QFY2025
ANALYST BRIEFING 1QFY2025 28 May 2025 | Business Lounge, TNB Platinum Floating solar pilot project at Kenyir dam
Slide 2: Key Highlights
Key Highlights Stable 1QFY2025 performance underscores success of strategic initiatives, paving the way for sustained growth Regulatory Period 4 (RP4) PAT Implementation Peak Demand ✓ Effective 1 January 2025 20,752MW Recorded on 27 May 2025 RP4 at 2030 hours Reported Total allowed CAPEX RM1,040.8 m
Slide 3: Power Demand
Power Demand 1QFY2025 demand was fueled by data centres, robust growth continues 1QFY2025 Demand Data Centres Energy consumption Load utilisation Overall stable demand 836GWh 485MW 3.3x 405MW 247GWh 248MW 190MW 148MW 1QFY2024 1QFY2025 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 As of March 2025 Commercial se
Slide 4: New system peak recorded; national plans for new generation capacity reinforce a positive outlook
Power Demand New system peak recorded; national plans for new generation capacity reinforce a positive outlook Demand Outlook Planning for Growth Opportunity for Expansion: Peak Demand 3.5% - 4.5% Open Bidding for New Generation Capacity Projected demand growth in Year 2025 – 2029 in line with proje
Slide 5: IBR Regulatory Period (RP4)
IBR Regulatory Period 4 (RP4) Mobilising strategic investments to strengthen grid infrastructure, support growth, and deliver long-term value RP4 FY2025 RM42.82 bil Utilisation Total Allowed CAPEX Base CAPEX 34% FY2025 in 1QFY2025 (2025 – 2027) Total CAPEX Base CAPEX + up to ~RM12 bil RM26.55 bil Co
Slide 6: Recent Developments: Strategic Partnerships for Solar and EV Adoption
Recent Developments We strengthen our core business through strategic partnerships to accelerate solar and electric vehicle adoption International Strategic Partnerships Drives NETR ambitions by enabling inclusive and Support Malaysia’s EV agenda by expanding charging infrastructure, scalable solar
Slide 7: Recent Developments: International Presence and Regional Interconnection
Recent Developments We expand our international presence, grow renewable capacity and strengthen our regional business to unlock growth beyond borders International Regional Interconnection Growing International RE Capacity Cross-Border Electricity Trade • Location: Bunkers Hill (67MWp) and Eastfiel
Slide 8: 1QFY2025 Key Achievements
1QFY2025 Key Achievements We remain focused on our key strategic pillars in fostering business growth while realising our Net Zero ambitions Deliver Clean Generation Develop Energy Transition Network Dynamic Energy Solutions Nenggiri Hydro Project (300MW) Pilot Battery Energy Storage System (BESS) E
Slide 9: Performance Update
TENAGA NASIONAL PERFORMANCE UPDATE
Slide 10: Financial Highlights
Financial Highlights PAT in 1QFY2025 driven by stable overall performance REVENUE EBITDA PAT 17.6% 7.9% 53.5% 1QFY2025 1QFY2025 1QFY2025 RM16,038.7 mil RM5,187.0 mil RM1,040.8 mil EBITDA MARGIN: 32.7%* 1QFY2024: RM13,640.4 mil 1QFY2024: RM4,805.0 mil 1QFY2024: RM677.9 mil EBITDA MARGIN: 30.0%* Key f
Slide 11: Technical Performance
Technical Performance Group earnings supported by; i. Improved generation performance ii. World-class network performance Equivalent Plant Availability Factor, EAF (Generation) % 1QFY2025 82.0% Improved overall performance by power plants 1QFY2024: 75.4% 2025 Target: 83.2% System Minutes (Transmissi
Slide 12: Capital Management
Capital Management Y-o-Y: Lower receivables driven by improved collection, strengthening our cash flow position Receivables (RM bil) 1 FY2024 RM Fully recovered 47% RM3.4 bil ICPT Cost (ICPT for period January to December 2024, Government portion) Recovery FY2025 10.8 10.6 10.2 RM 9.5 Fully recovere
Slide 13: Outlook and Forward Guidance
OUTLOOK AND FORWARD GUIDANCE
Slide 14: Forward Guidance
Forward Guidance We strive to deliver our targets towards achieving sustainable business growth Carbon Emission Electricity Demand Group CAPEX Forecast Reduction Demand growth is projected to be Total Group CAPEX: We aim to achieve: Up to RM20 bil • 5% annual reduction in 3.5% - 4.5% carbon emission
Slide 15: Appendix
Appendix • DETAILS ON STRATEGY DEPLOYMENT 1QFY2025
Slide 16: Meeting Malaysia's growing electricity demand, driven by data centre expansion
Develop Energy Develop Transition Energy Network Transition Network TNB remains focused on meeting Malaysia’s growing electricity demand, driven by data centre expansion 1QFY2025 Data Centres Achievements Key Highlights Project Stage Actual Load Utilisation 5 43 projects projects 485MW 17 for March
Slide 17: GSPARX transforms consumers to prosumers through rooftop solar
Develop DynamicEnergy Dynamic Transition Energy Energy Network Solutions Solutions GSPARX transforms consumers to prosumers through rooftop solar installations, elevating Malaysia’s green energy progress Key Customers Secured 14.1MWp Progress Renesas (Pulau Pinang, Kedah & Selangor) Secured Capacity
Slide 18: TNB drives Malaysia's EV growth through a two-prong approach
Develop EnergyEnergy Dynamic Transition Network Solutions TNB drives Malaysia’s EV growth through a two-prong approach; Supplying electricity to CPOs and installing charge points to support the EV ecosystem EV Ecosystem Key Highlights Green Lane Supply Connections YTD Electricity Sales (CPO) TNB Cha
Slide 19: Disclaimer
Disclaimer This presentation and discussion may contain forward looking statements by Tenaga Nasional Berhad related to financial trends for future periods. Some of the statements contained in this presentation or arising from this discussion which are not of historical facts are statements of futur
Slide 20: Investor Relations
INVESTOR RELATIONS IR OFFICERS: GROUP FINANCE DIVISION Envelope with solid fill Tenaga Nasional Berhad Sarah Keok Level 12, Tower A, TNB Platinum sarahk@tnb.com.my No. 3, Jalan Bukit Pantai, Bangsar Envelope with solid fill 59100 Kuala Lumpur Hasniza Harun hasniza@tnb.com.my Envelope with solid fill
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