PETRONAS Chemicals Group Bhd. · MYX:PCHEM
PETRONAS Chemicals Group Bhd — Q3 2019 Earnings Presentation
22 slides from PETRONAS Chemicals Group Bhd's earnings presentation, Nov 14, 2019
Slide 1: Quarterly Analyst Briefing, Quarter Ended 30 September 2019
Cf PETRONAS PETRONAS CHEMICALS GROUP BERHAD QUARTERLY ANALYST BRIEFING QUARTER ENDED 30 September 2019 14 November 2019 3.00PM — 4.00 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: Prolonged trade conflict slows growth
Prolonged trade conflict slows growth Cf PETROCHEMICAL MARKET SPREADS usD/mt 3Q2018 4Q 2018 1Q 2019 2Q 2019 3Q 2019 400 350 300 250 OSD average spread* 200 150 Market Spreads, USD/M| 100 50 1 1 F&M average|spread** *Left Axis fo) my) S Ub ay Aug xg ag PETRONAS USD/bbl , 90 a x fe.) o So oS Crude Oil
Slide 6: 9M 2019 Highlights
9M 2019 Highlights © PETRONAS Plant utilisation (PU) at 93 % * Improved plant performance * Higher feedstock supply * Higher production volume Sales volume declined 1% y-o-y > Limited volume availability with more plants undergoing TA during the period: PC Fertiliser Sabah, PC Aromatics, PC Ammonia,
Slide 7: Performance Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 8: Performance Highlights: Financials
Performance Highlights : Financials © PETRONAS Key Financial 3Q 2019 3Q 2019 Year to date Indicators Year-on-Year Quarter-on-Quarter Production 3Q 2019 + 3Q 2019 a YTD 2019 2% Volume : ’ t (‘000 MTPA) 3Q 2018 ae 2Q 2019 we YTD 2018 | .-----! (24%) 3Q 2019 3,669 (15%) | YTD 2019 $ q a 2Q 2019 4,337 a
Slide 9: Page 6
10,000 9,072 8,000 7,384 6,000 4,000 3,016 1,803 2,000 0 Page 6
Slide 10: Page 7
6,000 5,519 5,000 4,725 4,000 3,000 2,345 2,044 2,000 1,000 0 Page 7
Slide 11: Balance Sheet as at September 2019
Balance Sheet as at 30 September 2019 Total Assets (RM million) 37,365 38,845 Others Cash & cash equivalents Trade & other receivables Trade & Other inventories Investment in joint ventures and associates Property, plant and equipment (PPE) As at 31.12.2018 As at 30.09.2019 restated Total Equity & L
Slide 12: Cash Flows as at September 2019
Cash Flows as at 30 September 2019 PETRONAS (RM million) 4,655 (2,415) (2,470) 12,329 66 12,165 Cash & cash Cash flow generated Cash flow used in Cash flow (used Net increase/(decrease) Cash & cash equivalents at the from operating investing activities in)/generated from due to FX impact equivalents
Slide 13: Industrial Standard,
25.0 Industrial 100% Standard, 85% 20.0 90% 15.0 80% 10.0 70% 60% 5.0 50% 0.0 Page 10
Slide 14: Page 11
120% 1400 110% 1300 100% 90% 1200 80% 1100 70% 1000 60% 900 50% 40% 800 30% 700 20% 600 Page 11
Slide 15: Page 13 Page 12
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 PIC - PETCHEM ~ Photo of On-Spec LLDPE A AROMA PLANT citral | menthol | citronellol 99.4% completion of PIC-PETCHEM’s overall progress as of September 2019 PIC Petchem plants undergoing commissioning in stages: Polypropylene, Linear
Slide 17: Performance Highlights: Operational - Conclusion
Performance Highlights : Operational - Conclusion © PETRONAS 100% 103% _— . 93% 95% 94% 95% » Lower Group Plant Utilisation quarter- 86% 79% 81% on-quarter in view of heavy turnaround activities 3Q 4Q 1Q2 2Q 3Q2 4Q 1Q 2Q 30 2017 2017 2018 2018 2018 2018 2019 2019 2019 >» Flawless TA and shutdown exe
Slide 18: Q3 2019 product outlook (3 months)
Q3 2019 Q3 2019 Q3 2019 Q3 2019 (vs Q2 2019) (vs Q2 2019) (vs Q2 2019) (vs Q2 2019) Outlook Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) (3 Months) Page 15
Slide 19: Q3 2019 product outlook (3 months)
Q3 2019 Q3 2019 Q3 2019 (vs Q2 2019) (vs Q2 2019) (vs Q2 2019) Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) Page 16
Slide 20: Moving Forward
Cf PETRONAS MOVING FORWARD
Slide 21: Long market but Asia Pacific supply-demand fundamentals remain strong
Long market but Asia Pacific supply — demand S fundamentals remain strong PETRONAS (— >» Market expected to be soft impacted by; >) * Uncertain global economic outlook * New capacities coming onstream. > Supply & demand fundamentals remain strong in Asia Pacific J\ > Focus on what we do best: * Prio
Slide 22: Thank You
Cf PETRONAS THANK YOU For further enquiries please contact us at: PETRONAS Chemicals Group Berhad Level 10, Tower 3, Kuala Lumpur City Centre, 50088 Kuala Lumpur, MALAYSIA petronaschemicals_ir@petronas.com www.petronaschemicals.com
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