Tenaga Nasional Bhd · MYX:TENAGA
Tenaga Nasional Bhd — Investor Presentation (December 2025)
19 slides from Tenaga Nasional Bhd's investor presentation, December 2025
Slide 1: Presentation to Investor December 2025
TENAGA NASIONAL BERHAD PRESENTATION TO INVESTOR December 2025 Investor Relations, Group Finance Division
Slide 2: Corporate Profile
Overview Corporate Profile TNB is the largest electricity utility company in Malaysia and at the forefront of the country’s energy transition Our Presence in Peninsular Malaysia Holds 48.8% of Domestic Generation Capacity Sabah Electricity Sdn Bhd (SESB) (83% owned by TNB) Our grid network and retai
Slide 3: TNB Generation Market Share
Overview TNB Generation Market Share TNB’s generation footprint in Peninsular Malaysia — anchoring 55% of market share Generation Portfolio Perlis Legend: Coal Gas Kedah TNB holds 55% (15,312MW) TNBBS (45MWp) TNBBS 2 Hydro (75MWp) of Peninsular gross installed capacity Sg.Pergau Solar Prai (28,040MW
Slide 4: Global player expanding RE footprint
Overview Corporate Profile We are also a global player as we strive to future proof our business by expanding our RE footprint and establishing strategic partnerships with leading RE players OUR GLOBAL PRESENCE Renewable Assets ~1.3GW 4 3 Services Technologies Onshore Offshore Operational Countries
Slide 5: Composition of BOD
Overview Composition of BOD EXECUTIVE DIRECTOR / PRESIDENT / CEO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN DATUK IR. MEGAT JALALUDDIN BIN TAN SRI ABDUL RAZAK BIN ABDUL MAJID MEGAT HASSAN Senior Independent Non-Executive Director Independent Non-Executive Directors Non-Independent Non-Executive Director
Slide 6: Dividend Policy and Payout
Dividend Dividend Policy and Payout We continue to deliver stable dividend payouts, reflecting our commitment to rewarding shareholders and maintaining prudent capital management 66.6% 55.2% 59.6% 52.8% 60% DIVIDEND POLICY We will continue to honour our dividend 30% policy of 30% to 60% dividend pay
Slide 7: Technical Performance Overview 9MFY2025
Results at a Glance Technical Performance Overview Equivalent Plant Availability 9MFY2025 Factor, EAF (Generation) % 86.9% Improved overall performance by power plants 9MFY2024: 80.0% 2025 Target: 83.2% System Minutes (Transmission) Minutes 9MFY2025 0.0695 9MFY2024: 0.0001 2025 Internal Threshold: 1
Slide 8: Peninsular Malaysia Electricity Demand
Overview Peninsular Malaysia Electricity Demand Peninsular Malaysia’s electricity demand continued to strengthen, driven by resilient and growing economy Electricity demand rebounded strongly post-pandemic, recorded 131 TWh in 2024 (the highest level in TNB’s history) 2025 – 2027 Outlook Demand fore
Slide 9: Regulated Business under IBR framework
Regulatory Regulated Business Our regulated business is governed by the Incentive-Based Regulation (IBR) framework which provides stable returns to the Group while ensuring a more efficient energy sector The IBR mechanism provides: Governed under PPA/SLA/REPPA • Clear and transparent regulatory fram
Slide 10: IBR Regulatory Period (RP4) Parameters
Regulatory IBR Regulatory Period 4 (RP4) Parameters We have successfully secured our returns at 7.3% and sufficient expenditure allowance for the next 3 years Tariff Parameters RP4 Allowed CAPEX (RM bil) Regulatory Regulatory Period 3 (RP3) Period 4 (RP4) 2022 - 2024 2025 - 2027 Contingent CAPEX Bas
Slide 11: Automatic Fuel Adjustment (AFA) Mechanism
Regulatory Automatic Fuel Adjustment (AFA) Mechanism AFA Mechanism enhances RP4 certainty through timely fuel cost recovery Fuel Cost Recovery (2015 – 2027) Automatic Fuel Adjustment (AFA) Historical Current Base tariff + AFA, sen/kWh Automatic Fuel Adjustment +10% RP1 – RP4 RP4 (Jan 2015 – June 202
Slide 12: Net Zero & Coal Free by 2050
TNB’s Energy Transition Plan Net Zero & Coal Free by 2050 Our journey towards Net Zero 2050 Aspiration will bring positive business growth and enhance value to our shareholders, as well as support the nation’s aspiration Net Zero 2050 Aspiration Our Target for 2025 Our Commitment to 2035 Our Aspirat
Slide 13: Three Key Levers: Decarbonisation, Digitalisation & Electrification
TNB’s Energy Transition Plan Three (3) Key Levers: Decarbonisation, Digitalisation & Electrification Our Energy Transition Plan cuts across the electricity supply value chain, anchoring on three (3) key levers: Decarbonisation, Digitalisation & Electrification Deliver Clean Generation Develop Energy
Slide 14: Peninsular Malaysia Generation Mix
TNB’s Energy Transition Plan Peninsular Malaysia Generation Mix The nation's current generation mix reflects the diversification required for security of supply, and will continue to shift as we take a responsible approach towards energy transition Peninsular Malaysian Generation Mix (%) Forecast Sc
Slide 15: Our growth story supports our ET agenda
TNB’s Energy Transition Plan Our growth story supports our ET agenda TNB’s fast-track sustainability agenda will bring major shifts across the value chain, ensuring business growth while meeting our ESG commitment Develop Energy Dynamic Energy Solutions Deliver Clean Generation Transition Network Ge
Slide 16: National Energy Transition Roadmap
National Energy Transition Roadmap Capitalising on high-value green economy The National Energy Transition Roadmap (NETR) aims to shift Malaysia from a traditional fossil fuel-based economy to a high-value green economy NETR Part 1 Responsible Transition (RT) Pathway 2050 (6 energy transition levers
Slide 17: RE Portfolio
Outlook RE Portfolio We remain resolute in delivering our RE target capacity of 14.3GW by 2050 RE portfolio Champion for 3 flagship catalyst projects 4.6GW as at September 2025 Establishment of Large-Scale Solar Parks over 5 sites, each with 100MW capacity, 2,700MW Development of Hybrid Hydro-Floati
Slide 18: 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 19: Investor Relations
INVESTOR RELATIONS IR OFFICERS: GROUP FINANCE DIVISION Envelope with solid fill Tenaga Nasional Berhad Hasniza Harun hasniza@tnb.com.my Level 12, Tower A, TNB Platinum No. 3, Jalan Bukit Pantai, Bangsar Envelope with solid fill Lee Lai Fen 59100 Kuala Lumpur lai.fen@tnb.com.my Envelope with solid fi
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