Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q4 2017 Earnings Presentation
28 slides from Petronas Chemicals Group Bhd's earnings presentation, Feb 27, 2018
Slide 1: Petronas Gas Berhad Quarterly Results Briefing
PETRONAS PETRONAS GAS BERHAD QUARTERLY RESULTS BRIEFING Quarter Ended 31 December 2017 27 February 2018
Slide 2: Disclaimer
Disclaimer Internal 27 February 2018 2 2
Slide 3: Agenda
AGENDA = Welcoming Remarks = Opening Remarks « Presentation =" Q&A
Slide 4: PGB Management
PGB Management Faeiz Hasan Abrar Shariza Sharis M Yusof Kamal Bahrin Ahmad Chief Financial Officer Managing Director/ Head Investor Relations Chief Executive Officer 4 Internal
Slide 5: Key Highlights
KEY HIGHLIGHTS
Slide 6: Key Highlights
Key Highlights 3ZERQ100 BEYOND Safe, Reliable & Efficient \, Progressing well 99x S with enhancement of Progress of 3ZERO100 BEYOND execution strategy Key Results Area Excellent PBS C20OEE PDR | plant performance L2mths 98.0% 100% (Electricity) Higher Profit RM1,817 Mil on the back of higher revenue
Slide 7: Performance
PERFORMANCE
Slide 8: Gas Processing
GAS PROCESSING Strong OEE, demonstrating commitment in ensuring security of gas supply to the nation and sustenance of PBS OEE (%) “ _s World Class tar [ 7 == tee ON SALESGAS ae & (5 RELIABILITY at = 100% ‘17 ‘16 ‘17 '16 === [=== Product PBS Delivery Reliability 12 months Q4 Q3 a4 Q4 Q3 a4 100% RM70
Slide 9: Gas Transportation & Regasification
GAS TRANSPORTATION & REGASIFICATION GT sustained world class performance in system reliability, Regasification maintained strong performance Reliability (%) OEE (%) ye RGTSU °" GTP =~ —@ 9 -@ @e oe @ To -o—§ == eo lo eo lo lo — Qn Aa a 18 a ia qa —_13— 2 3 2 3 3 as a re FY FY Q4 Q3 Q@4 FY FY Q4 Q3 Q
Slide 10: Utilities
UTILITIES Higher electricity and steam volume on higher offtake by customers, supported by strong plant performance Delivery —— —_ ee PRODUCT "9 be e ef === DELIVERY @ 18 =e 25 RELIABILITY 100% () (Electricity) FY FY FY FY 17 ‘16 17 ‘16 | i=] = N Oo 4 28 5 Ss 3 18 “ a Q4 Q3 a4 Q4 G3 a4 17 ‘17 ‘16 17
Slide 11: Performance
PERFORMANCE
Slide 12: Financial Performance
Financial Performance Higher profits against preceding and corresponding quarter as well as (>) corresponding year RM Million BE Gross Profit | Profit After Tax 1,303.8 | 11632, 1153.98 58.4 | aA 463.3 QUARTER © "506.1 481.9 lial Q4'17 Q3'17—— 4 '16 Q4'17 ‘ Q4'16 YTD ‘17 YTD ‘16 YTD ‘17 YTD ‘16 YTD
Slide 13: Gas Processing Segment
@) cas Processing Segment Lower gross profit for the year on higher depreciation following completion of scheduled turnaround activities, offset by lower repairs and maintenance FY2017 Revenue QTR Revenue RM Million asi7 3117 ase FY2017 Gross Profit QTR Gross Profit 7 ee G © F & Po feqd\ RM12.3M | +
Slide 14: Gas Transportation Segment
S Gas Transportation Segment Improved gross profit for the year on higher revenue, negated by higher depreciation in line with completion of capital projects FY2017 Revenue QTR Revenue RM Million ) \. ae ¢ c RM7.2M ’ : 330.1 330.4 Q4'17 Q3'17 Q416 FY2017 Gross Profit QTR Gross Profit Vv 4 : -5% ‘ Q4
Slide 15: Utilities Segment
@ Utilities Segment Gross profit for the year declined slightly attributable to higher fuelgas cost following scheduled price revisions FY2017 Revenue QTR Revenue : : Q3'17 416 : QTR Gross Profit RM Mil 3% ' 432% 35.7 36.7 27.4 ; Q417 Q317 O46 45 Internal
Slide 16: Regasification Segment
Regasification Segment Gross profit surged for the year with contribution from the new regasification terminal at Pengerang FY2017 Revenue RM Mil QTR Revenue RM Million Q417 Q3'17 Q4'16 QTR Gross Profit A RM Mil RM91.6M 73.6 75.9 Internal Q4'17 Q3'17 Q4'16
Slide 17: Total Assets
Total Assets Robust asset base supported by healthy cash balance as well as property, plant and equipment Total Assets 16,553.6 RM million 17,623.5 +RM1,069.9 billion (&) + 6% Other Assets Cash & Cash Equivalents Property, Plant & Equipment 12,895.9 12,807.5 As at 31 December 2017 As at 31 December
Slide 18: Dividends
Dividends Maximising shareholders return and dividend payment at par with industry benchmark Dividend Quarterly Payout Ratio Dividend Payment % 9 9 76% 77% m% 72% 64%t 1 15 sen 14 June 2017 @ 16sen 14 Sep 2017 ; @ 16sen > 8 8 Dec 2017 24 | @ 19sen 23 Mac 2018 oiviacads Per shan (Sen) 60% Note: 1 Bas
Slide 19: Internal
Internal
Slide 20: Regasification Terminal Pengerang
Regasification Terminal Pengerang RGT Pengerang which was recenily operationalised provides primary gas supply to Pengerang Integrated Complex (PIC) and PGU system Commercial Operation Date (COD) achieved on | 1st Nov 2017 y, 98% progress with expected full operation ) on April 2018 y, ~ e Anticipat
Slide 21: Air Separation Unit
Air Separation Unit Air Separation Unit project is progressing very well and will be the sole utilities facility for the supply of industrial gases to PIC customers Supply gaseous oxygen and nitrogen to customers comprising petchem plants, refinery cracker, utilities provider, and regasification ter
Slide 22: TPA Implementation
TPA IMPLEMENTATION Third Party Access (TPA) in compliance with Gas Supply (Amendment) Act 2016 is in effect commencing 16 January 2018 Operational application Current tariff will be maintained until end 2018 ~—“ Operational OF ~ Ongoing readiness for TPA engagement with ~— License tS ~ Tariff develo
Slide 23: Tariff Development
Tariff Development The Company is in continuous discussion with Energy Commission (EC) on the framework and quantum of the tariff beyond 2018 2018 2019 EC will Discussion issue tariff with EC guidelines Expected End Q1 Q3 new tariff Q2 Q4 PGB will submit Finalisation the propose of tariff by tariff
Slide 24: Strategic Drivers
STRATEGIC DRIVERS
Slide 25: Strategic Drivers
STRATEGIC DRIVERS Achieve competitiveness, productivity and efficiency as well as growth in our pursuit of becoming world class organisation HEALTH, SAFETY, & SECURITY & ENVIRONMENT (HSSE) ( he) EXCELLENCE VALUE OPTIMISATION & GROWTH COMMERCIAL EXCELLENCE DIGITALISATION
Slide 26: Going Beyond
GOING BEYOND Internal For further enquiries please contact us at Address : PETRONAS Gas Berhad Level 51, Tower 1, PETRONAS Twin Towers KUALA LUMPUR CITY CENTRE, 50088 KUALA LUMPUR, MALAYSIA Fax : +603 2331 6992 Ema petronasgas@petronas.com.my Website :www.petronasgas.com Faeiz Hasan Abrar Head, Inve
Slide 27: Thank You
Of PETRONAS THANK YOU www.petronasgas.com
Slide 28: Question & Answer
Question & Answer Internal