Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Q1 2021 Earnings Presentation
23 slides from Petronas Chemicals Group Bhd's earnings presentation, May 27, 2021
Slide 1: Quarterly Analyst Briefing, Quarter Ended 31 March 2021
Cf PETRONAS PETRONAS CHEMICALS GROUP BERHAD QUARTERLY ANALYST BRIEFING QUARTER ENDED 31 MARCH 2021 27 MAY 2021 5.00PM — 6.00 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: Rising confidence, positive start to 2021
Rising confidence, positive start to 2021 S PETRONAS PETROCHEMICAL MARKET SPREADS 1Q 2020 \ 2Q 2020 , 3Q2020 4Q 2020 1Q 2021 ! 1 : ! ' 400 i ; ; 70 : : : 350 ! 60 _ 5S 300 Olefing & Derivatives* _; ! } £ g 559 i : Brent 50 g g . 40 § 2 200 5 5 30 < 150 ; - 2 = 100 i i Fertiliser & Methanol* 20 8 * 5
Slide 6: Ongoing sustainability efforts
Ongoing sustainability efforts Profit Energy Intensity (El) 15.49 GJ/t Plant Utilisation: 90.3% 4% Energy Intensity Notes: Planet GHG Emissions Intensity 0.79 tCO2e/t Volume 1.66 Mil tCO2e GHG Intensity: 0.83 0.82 GHG Volume v -8% O"0 Waste recycling rate from 3R 72% Waste 3R 15% 1Q Target 21 PETRON
Slide 7: 1Q 2021 Highlights
1Q 2021 Highlights Cf Op PETRONAS > Vv Vv Lower plant utilisation (PU) at 90% in 1Q 2021 compared to 94% in 1Q2020 Lower production volume year-on-year due to plant turnarounds and other maintenance works Vv Vv Vv Comparable sales volume year-on-year Higher product prices on tight supply and healthy
Slide 8: Performance Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 9: Performance Highlights: Financials
Performance Highlights : Financials Open Key Financial Indicators 1Q 2021 Year-on-Year (YoY) 1Q 2021 Quarter-on-Quarter PETRONAS 1Q 2021 1Q 2021 Production Volume (‘000 MTPA) 1Q 2020 4Q 2020 1Q 2021 1Q 2021 Revenue (RM Million) 1Q 2020 4Q 2020 1Q 2021 >100% 1Q 2021 Profit After Tax t (RM Million) 10
Slide 10: Balance Sheet as at March 2021
Balance Sheet as at 31 March 2021 Open Total Assets (RM million) 39,829 41,280 Others Cash & cash equivalents As at 31.12.2020 As at 31.03.2021 Trade & other receivables Trade & Other inventories Investment in joint ventures and associates Property, plant and equipment (PPE) Total Equity & Liabiliti
Slide 11: Cash Flows for the period ended March 2021
Cash Flows for the year ended 31 March 2021 PETRONAS (RM million) 1,421 (363) —_ (608) 230 12,707 7 — Cash & cash Cash flow generated Cash flow used in Cash flow usedin _Net increase due to FX Cash & cash equivalents at the from operating investing activities financing activities impact equivalents
Slide 12: Open Page 9
➢ 25.0 100% ➢ 90% 20.0 15.0 80% 10.0 70% 5.0 ➢ 60% 50% 0.0 Open Page 9
Slide 13: Open Page 10
120% 1400 110% 1300 100% 90% 1200 80% 1100 70% 1000 60% 900 50% 40% 800 30% 700 20% 600 ➢ ➢ Open Page 10
Slide 14: Average = 595 KMT Average = 490 KMT
1.2 1.1 Average = 595 KMT 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 Average = 490 KMT ➢ ➢ Open Page 13 Page 11
Slide 15: Performance Highlights: Operational — Projects Updates
Performance Highlights : Operational — Projects Updates © PETRONAS Q) Strengthen start-up activity for stable operations QO Effective management of COVID-19 to keep progress on track through implementation of Targeted Green Bubble initiative Cooling Water System Preservation at HDPE Unit 3istMar 202
Slide 16: Performance Highlights: Operational - Conclusion
Performance Highlights : Operational - Conclusion © PETRONAS > > Open Group plant utilisation was stable at 90% for the quarter Strong performance of Olefins & Derivatives segment without any shutdown activities at ethylene production facilities Completion of turnaround and maintenance activities at
Slide 17: Product market outlook (3 months)
Q1 2021 Q1 2021 Q1 2021 Q1 2021 (vs Q4 2020) (vs Q4 2020) (vs Q4 2020) (vs Q4 2020) Outlook Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) (3 Months) Open Page 14
Slide 18: Product market outlook (3 months)
Q1 2021 Q1 2021 Q1 2021 (vs Q4 2020) (vs Q4 2020) (vs Q4 2020) Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) Open Page 15
Slide 19: Moving Forward
Cf PETRONAS MOVING FORWARD
Slide 20: Positive recovery momentum, volatility to stay
Positive recovery momentum, volatility to stay © PETRONAS @ Economic recovery @) Stable crude oil prices Business ¢) Environment © Lingering impact of pandemic, new variants © Uneven global growth > Uphold Health, Safety and Environmental practices Focus > Enhance operational and commercial capabili
Slide 21: Thank You
Cf PETRONAS THANK YOU For further enquiries please contact us at: PETRONAS Chemicals Group Berhad Level 45, Tower 1, Kuala Lumpur City Centre, 50088 Kuala Lumpur, MALAYSIA petronaschemicals_ir@petronas.com www.petronaschemicals.com
Slide 22: Olefins & Derivatives Quarterly Revenue & EBITDA
Performance Highlights : Financials S PETRONAS ZZ) Olefins & Derivatives Quarterly Revenue & EBITDA (RM million) 2.853 Others* 2,401 F&M 2007 2,137 \ 1,664 004 Revenue 476 (RM million) 188 315 414 OSD = | a | 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 lll Revenue "aml EBITDA > Comparable plant performa
Slide 23: Fertilisers & Methanol Quarterly Revenue & EBITDA
Performance Highlights : Financials S PETRONAS Fertilisers & Methanol Quarterly Revenue & EBITDA (RM million) O&D —_F7 1,491 1,565 Revenue (RM million) \ Others* 1,261 1317 1,243 667 700 592 519 a a E i i 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 lll Revenue me EBITDA > Lower plant performance year-on
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