Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q3 2016 Earnings Presentation
22 slides from Petronas Chemicals Group Bhd's earnings presentation, Nov 3, 2016
Slide 1: PETRONAS Gas Berhad Quarterly Results Briefing
PETRONAS Gas Berhad Quarterly Results Briefing Highlights for the 3rd Quarter ended 30 September 2016 3 November 2016
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 binti Harris bin Harun Mohd Jamaludin Head Chief Financial Investor Relations Officer
Slide 5: Content Outline
Content Outline 4) Key Highlights (2) | Financial Performance G) [ Major Project Updates
Slide 6: Key Highlights for Q3 FY2016
Key Highlights for Q3 FY2016 PGB has exceeded the OEE target for plant liquid extraction performance resulted to achievement of 3 months PBS income for the quarter and 9 months PBS income on YTD basis. 54.0 RM million 25.2 19.6 16.8 11.6 Q3 Q2 Q3 YTD YTD FY2015 FY2016 FY2016 FY2015 FY2016
Slide 7: Key Highlights for Q3 FY2016
Key Highlights for Q3 FY2016 Upwards revision of fuel gas tariff by RM1.50/mmbtu effective from 1 July 2016. No significant impact to the results as the increase in price is passed through to utilities customers except for electricity. Price Initial 1 Jan 14 1 Mar 15 1 July 15 1 Jan 16 1 July 16 Fue
Slide 8: Content Outline
Content Outline | Key Highlights ] (2) © as @) [ Major Project Updates |
Slide 9: Key Financial Highlights for Q3
Financial Performance Key Financial Highlights for Q3 FY2016 RM Million Revenue Gross Profit Profit After Tax RM23.5M (2%) Excluding UF RM52.6M (11%) RM38.9M (3%) RM114.9M (37%) RM33.6M 1,157.8 (6%) 474.7 1,134.3 1,118.9 RM18.7M (5%) RM42.0M (9%) 422.1 403.4 167.5 556.8 523.2 481.2 307.2 Q3 Q2 Q3 Q3
Slide 10: Revenue for Q3
Financial Performance Revenue for Q3 FY2016 RM Million RM23.5M (2%) RM38.9M (3%) 1,134.3 1,157.8 1,118.9 • Q3 FY2016 vs Q3 FY2015 (Corresponding) 163.0 158.8 162.8 Higher UT revenue in line with higher offtake by customers and upward revision of fuel gas price 256.8 273.0 effective 1 July 2016. 25
Slide 11: Gross Profit & Cost of Revenue for Q3
Financial Performance Gross Profit & Cost of Revenue (COR) for Q3 FY2016 RM Million Gross Profit COR RM33.6M RM57.1M (6%) (10%) RM42.0M RM3.1M (9%) (1%) 637.7 634.6 556.8 523.2 79.1 481.2 76.3 42.5 63.4 37.4 33.3 262.5 227.0 258.5 577.5 172.7 157.5 151.0 Q3 FY2015 Q2 FY2016 Q3 FY2016 Q3 FY2015 Q2 FY
Slide 12: Profit After Tax for Q3
Financial Performance Profit After Tax (PAT) for Q3 FY2016 RM Million PAT Excluding UF RM52.6M (11%) RM114.9M (37%) RM18.7M (5%) 474.7 422.1 403.4 167.5 • Q3 FY2016 vs Q3 FY2015 (Corresponding) 307.2 Lower UF on finance lease liabilities due to adoption of hedge accounting in FY2016 and tax expens
Slide 13: Key Financial Highlights for YTD
Financial Performance Key Financial Highlights for YTD FY2016 RM Million Revenue Gross Profit Profit after Tax RM88.1M RM302.1M (3%) RM124.4M (19%) (7%) Excluding TI and UF 3,407.3 RM132.7M 1,708.3 (9%) 1,574.9 407.4 3,319.2 (238.0 ) 1,405.5 1,272.8 1,583.9 YTD YTD YTD YTD YTD YTD FY2015 FY2016 FY20
Slide 14: Revenue for YTD
Financial Performance Revenue for YTD FY2016 RM Million RM88.1M (3%) 3,319.2 3,407.4 482.4 472.5 723.7 781.1 Higher UT revenue in line with upward revision of fuel gas price effective 1 January and 1 July 2016. 973.5 980.8 Higher GP revenue mainly contributed by Ethane PBS. Higher RGT storage
Slide 15: Gross Profit & Cost of Revenue for YTD
Financial Performance Gross Profit & Cost of Revenue (COR) for YTD FY2016 RM Million Gross Profit COR RM124.4M RM212.5M (7%) (13%) 1,708.3 1,823.4 1,583.9 228.3 1,610.9 210.4 120.0 119.1 784.0 744.9 576.0 509.5 YTD YTD YTD YTD FY2015 FY2016 FY2015 FY2016 Gas Processing Gas Transportation Utilities R
Slide 16: Profit After Tax for YTD
Financial Performance Profit After Tax (PAT) for YTD FY2016 RM Million PAT Excluding TI and UF RM132.7M (9%) 1,574.9 407.4 RM302.1 (19%) (238.0) 1,405.5 1,272.8 Lower due to lower tax expenses in the corresponding period due to recognition of DTA partially offset by lower UF. Excluding TI and UF
Slide 17: Shareholders' Fund and Cash & Cash Equivalents
Financial Performance Shareholders’ Fund and Cash & Cash Equivalents • Stronger shareholders’ fund on the back of stable profit for the period. • Sufficient cash from operations for dividends payment and financing CAPEX. RM Million 32% RM388.3M 4% RM404.7M 1,619.1 11,438.8 1,230.8 1,230.8 1,356.5 11
Slide 18: Content Outline
Content Outline | Key Highlights ] [ Financial Performance TOTS) Major Project Updates
Slide 19: Major Project Updates
Major Project Updates RGTP, ASU & PGPP Our projects supporting development of Pengerang Integrated Complex are on track and progressing well to date • • • to date Target Commissioning Target to date Target Commissioning
Slide 20: For further enquiries please contact us
For further enquiries please contact us at: 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, Head, Investor Relations Tel: +603 2331 5260
Slide 21: Thank you
Thank you www.petronasgas.com
Slide 22: Questions & Answer
Questions & Answer