Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q3 2021 Earnings Presentation
24 slides from Petronas Chemicals Group Bhd's earnings presentation, Nov 22, 2021
Slide 1: PETRONAS Gas Berhad Analyst Briefing
PETRONAS GAS BERHAD Analyst Briefing for Quarter Ended 30 September 2021 Monday, 22 November 2021 6:00 – 7:00 p.m. (GMT+8) © 2021 Petroliam Nasional Berhad (PETRONAS) © 2021 All rightsPetroliam Nasional reserved. No part of Berhad (PETRONAS) this document may be reproduced in any form possible, stor
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: PGB Management
PGB Management Abdul Aziz Othman Shariza Sharis Hisham Maaulot Izan Hajar Ishak M Yusof Managing Director/ Head, Business Head, Investor Chief Executive Chief Financial Officer Development & Relations Officer Commercial © 2021 Petroliam Nasional Berhad (PETRONAS) | 3
Slide 4: Presentation Outline
Presentation Outline 01 HIGHLIGHTS 02 OPERATIONAL PERFORMANCE 03 FINANCIAL PERFORMANCE 04 UPDATES 05 Q&A © 2021 Petroliam Nasional Berhad (PETRONAS) | 4
Slide 5: Highlights
HIGHLIGHTS =:
Slide 6: 9M 2021 Highlights
9M 2021 HIGHLIGHTS Economic activities continue alongside National Recovery Plan MCO CMCO RMCO CMCO 2.0 MCO 2.0 NRP 1.0 1.0 Malaysia GDP Growth (year-on-year %) 1.2 0.2 1.0 -0.7 2.5 -5.2 Industrial -2.7 -4.5 Production Index (IPI) RM Mil (year-on-year %) 1,396 1,400 1,407 1,389 1,340 1,384 1,428 PGB
Slide 7: 9M 2021 Highlights
9M 2021 HIGHLIGHTS No significant impact from COVID-19 and MCO to the Group’s overall performance Operations Commercial Growth Assured returns Explore Excellent plant from agreed growth performance contracts opportunities Lateral gas pipeline project New nitrogen supply to High plant reliability PC
Slide 8: 9M 2021 Highlights
9M 2021 HIGHLIGHTS Improved 9-month profits on stronger Utilities and Regasification margins Revenue Q3 2021 Q3 2020 Q2 2021 9M 2021 9M 2020 RM1.43 bn 1% 3% RM4.15 bn 1% Gross Profit Q3 2021 Q3 2020 Q2 2021 9M 2021 9M 2020 RM793 mil 8% 32% RM2.11 bn 4% Profit After Tax Q3 2021 Q3 2020 Q2 2021 9M 202
Slide 9: Operational Performance
_ © © @© @ ¢ _ 2© © @© @ @ @ _ © ce © © @ @ 4 OPERATIONAL —::.’ PERFORMANCE s::.:
Slide 10: Gas Processing
GAS PROCESSING Strong OEE, demonstrating commitment in ensuring system reliability and sustenance of performance incentives OEE (%) C1 C2 99.9 99.7 99.9 99.7 99.7 99.7 Salesgas Reliability YTD 99.9% Q3 Q2 Q3 Q3 Q2 Q3 2020 2021 2021 2020 2021 2021 99.9 99.6 99.7 99.6 Performance Incentives YTD RM72.3
Slide 11: Gas Transportation & Regasification
GAS TRANSPORTATION & REGASIFICATION GT sustained commitment in ensuring security of gas supply to the nation, Regasification maintained strong performance Transportation Regasification Reliability (%) OEE (%) RGTSU RGTP 99.95 99.98 99.91 100 100 100 100 100 100 Average Salesgas Delivery YTD Salesgas
Slide 12: Utilities
UTILITIES Delivered sales volume across all products on the back of customer demand Electricity Steam Industrial Gases GWh kMt Mil Nm3 1,159 1,212 Product Delivery 999 Reliability YTD 428 362 378 168 174 172 Electricity 100% Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 Steam 100% 1 1 2020 2021 2021 2020 2021 2021 202
Slide 13: Financial Performance
FINANCIAL PERFORMANCE *_ 2© © @ @ ¢ _ 2©« © @ © @© @ _ © ce © © @ @ 4
Slide 14: Financial: Gas Processing
FINANCIAL: GAS PROCESSING Comparable year-on-year gross profit QoQ YTD 2021 0.6% RM Mil 0.4% UT 427 428 430 Group Revenue Revenue Regas GP RM4,152 mil 31% RM1,286 mil GT Q3 Q2 Q3 2020 2021 2021 RM Mil UT 1% Regas 15% Group Gross 248 245 Gross Profit GP RM701 mil Profit 213 RM2,105 mil 33% GT Q3 Q2 Q
Slide 15: Financial: Gas Transportation
FINANCIAL: GAS TRANSPORTATION Lower year-on-year gross profit on the back of higher operating costs QoQ YTD 2021 RM Mil 0.4% GP 1% 294 291 295 Group Revenue Revenue GT RM4,152 mil 21% UT RM875 mil Regas Q3 Q2 Q3 2020 2021 2021 RM Mil 9% GP 15% Group GT Gross 226 205 Gross Profit 28% 179 RM581 mil Pr
Slide 16: Financial: Regasification
FINANCIAL: REGASIFICATION Higher year-on-year gross profit on lower operating costs QoQ YTD 2021 RM Mil 2% GT 1% 353 357 351 Group Revenue GP Revenue Regas RM1,057 mil RM4,152 mil 25% UT Q3 Q2 Q3 2020 2021 2021 25% RM Mil 94% GT 269 216 Group Regas Gross Gross Profit 29% Profit RM2,105 mil RM604 mil
Slide 17: Financial: Utilities
FINANCIAL: UTILITIES Improved year-on-year gross profit on lower operating costs QoQ YTD 2021 RM Mil 3% Regas 11% 336 346 312 Group Revenue GT UT Revenue RM933 mil RM4,152 mil 23% GP Q3 Q2 Q3 2020 2021 2021 Regas RM Mil 59% 5% Group UT Gross Gross Profit 10% RM219 mil GT Profit 70 74 RM1,312 mil 46
Slide 18: Financial: Group
FINANCIAL: GROUP Improved 9-month profits on stronger Utilities and Regasification margins Revenue Gross Profit Profit After Tax RM Mil RM Mil RM Mil 1% 3% 8% 3% 1,407 1,384 1,428 32% 33% 793 640 619 736 600 464 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 2020 2021 2021 2020 2021 2021 2020 2021 2021 1% 4% 4% 4,203 4
Slide 19: Total Assets
TOTAL ASSETS Robust asset base supported by healthy cash balance as well as property, plant and equipment Total Assets Segmental Assets NBV (RM Mil) (RM Mil) 18,345 19,029 1,990 2,115 Other Assets GT 3,066 Regas 3,139 Cash & Cash 3,838 16% 5,956 Equivalents 31% Total GP RM19,029 Mil 4,324 23% UT Pro
Slide 20: Dividends
DIVIDENDS Maximising shareholders return through sustained dividend payments Dividend Payout Ratio 125% 72% Dividend per share (sen) 127 50 5 Special Quarterly Dividend 50 Payment 22 Q4 18 Q3 18 16 Q2 16 16 Q1 16 31-Dec-20 30-Sep-21 © 2021 Petroliam Nasional Berhad (PETRONAS) | 20
Slide 21: Updates
UPDATES
Slide 22: Potential development of additional LNG storage tank
Potential development of additional LNG storage tank World Market Share of LNG Re-export Announcement on Non-Binding EOI Re-export vol, % CAGR 2016 2017 2018 2019 2020 Singapore France Netherlands Belgium Malaysia World Market Share of LNG Re-export to Asian Countries LNG Received vol, % CAGR 2016
Slide 23: Q&A
OA cle
Slide 24: © 2021 Petroliam Nasional Berhad (PETRONAS)
© 2021 Petroliam Nasional Berhad (PETRONAS) |