Petronas Chemicals Group Bhd. · MYX:PCHEM

Petronas Chemicals Group Bhd — PETRONAS Gas Berhad — Q4 2016 Earnings Presentation

22 slides from Petronas Chemicals Group Bhd's earnings presentation, Feb 24, 2017

  1. Slide 1: PETRONAS Gas Berhad Quarterly Results Briefing

    PETRONAS Gas Berhad Quarterly Results Briefing Highlights for the 4th Quarter ended 31 December 2016 24 February 2017 Open

  2. 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

  3. Slide 3: Agenda

    Agenda  Welcoming Remarks  Opening Remarks  Presentation  Q&A Open

  4. Slide 4: PGB Management

    PGB Management Aida Aziza Mohd Jamaludin Harris Harun Chief Financial Officer Head Investor Relations Open

  5. Slide 5: Content Outline

    Content Outline 4) Key Highlights (2) | Financial Performance G) [ Major Project Updates

  6. Slide 6: Key Highlights for Q4 FY2016

    Key Highlights for Q4 FY2016 • PGB has exceeded the OEE target for plant liquid extraction performance. • Achieved PBS income (Q4 FY2016: 3 months, FY2016 : 12 months) RM24.2M (54.3%) RM million RM4.6M 68.8 (23.7%) RM4.8M (24.5%) 44.6 19.4 19.6 14.8 Q4 FY2015 Q3 FY2016 Q4 FY2016 2015 2016 Open

  7. Slide 7: Key Highlights for FY2016

    Key Highlights for FY2016 • Upwards revision of fuel gas tariff by RM1.50/mmbtu effective 1 Jan and 1 July 2016 respectively. • 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 J

  8. Slide 8: Content Outline

    Content Outline | Key Highlights ] (2) © as @) [ Major Project Updates |

  9. Slide 9: Key Financial Highlights for Q4

    Financial Performance Key Financial Highlights for Q4 FY2016 RM Million Revenue Gross Profit Profit After Tax RM17.2M RM50.8M RM52.4M (2%) (12%) (13%) Excluding TI & UF RM126.3M RM3.9M RM41.3M (0.3%) (37%) (9%) RM41.2M 1,157.8 1,153.9 (10%) 1,136.7 523.2 481.9 463.3 431.1 422.1 410.9 73.9 337.0 Q4 F

  10. Slide 10: Revenue for Q4

    Financial Performance Revenue for Q4 FY2016 RM Million RM17.2M (2%) RM3.9M (0.3%) 1,136.7 1,157.8 1,153.9 Q4 FY2016 vs Q4 FY2015 164.7 162.8 148.8 (Corresponding)  Higher UT revenue in line with upward revision of fuel gas price effective 1 249.8 273.0 287.9 January and 1 July 2016.  Offset by low

  11. Slide 11: Gross Profit for Q4

    Financial Performance Gross Profit for Q4 FY2016 RM Million Gross Profit RM50.8M (12%) RM41.3M (9%) 523.2 481.9 76.3 431.1 75.9 37.4 • GP Q4 FY2016 vs Q4 FY2015 69.3 36.7 (Corresponding) 15.7  Lower operating costs due to lower repair & maintenance and plant utilities costs. 258.5  Higher revenue.

  12. Slide 12: Profit After Tax (PAT) for Q4

    Financial Performance Profit After Tax (PAT) for Q4 FY2016 RM Million PAT RM52.4M (13%) Excluding TI & UF RM126.3M (37%) RM41.2M (10%) 463.3 Q4 FY2016 vs Q4 FY2015 (Corresponding) • Higher gross profit. • Lower tax expense due to 422.1 overprovision of tax expense in 410.9 prior years. 73.9 • Exclud

  13. Slide 13: Key Financial Highlights for FY2016

    Financial Performance Key Financial Highlights for FY2016 RM Million Revenue Gross Profit Profit after Tax RM249.6M RM105.4M RM73.5M (12.6%) Excluding TI and UF (2%) (3%) RM6.4M 4,561.3 4,455.9 2,139.4 1,985.9 (0.4%) 2,065.9 443.1 (199.9) 1,736.3 1,742.7 FY2015 YTD2016 2015 YTD FY2016 YTD2015 FY2015

  14. Slide 14: Revenue for FY2016

    Financial Performance Revenue for FY2016 RM Million RM105.4M (2%) 4,561.3 4,455.9 637.1 631.1  Higher UT revenue in line with upward revision of fuel gas price 1,069.1 effective 1 January and 1 July 2016. 973.6  Higher GP revenue mainly contributed by ethane PBS. • Partially offset by: 1,311.6 1,3

  15. Slide 15: Gross Profit for FY2016

    Financial Performance Gross Profit for FY2016 RM Million Gross Profit RM73.5M (3%) 2,139.4 2,065.9 297.5 286.3 135.8 155.9  Higher operating costs due to higher depreciation, utilities cost of sales and repair & 1,009.2 maintenance . 975.3  Partially offset by higher revenue. 696.9 648.4 YTD2015 F

  16. Slide 16: Profit After Tax (PAT) for FY2016

    Financial Performance Profit After Tax (PAT) for FY2016 RM Million PAT RM249.6M (12.6%) Excluding TI and UF RM6.4M (0.4%) 1,985.9 443.1  Higher tax expense due to (199.9) recognition of DTA arising from 1,742.7 1,736.3 TI in corresponding year partially offset by UF.  Excluding TI and UF, lower PA

  17. 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 year. • Sufficient cash from operations for dividends payment and financing CAPEX. RM Million RM523.3M (43%) RM527.9M (5%) 1,763.1 11,966.7 1,230.8 11,438.8 1,230.8

  18. Slide 18: Content Outline

    Content Outline | Key Highlights ] [ Financial Performance TOTS) Major Project Updates

  19. 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 Overall progress 75% to date Target Commissioning Q4 FY2017 Overall progress 11% to date Target Commissioning Q4 FY2018 Overall progress 92% to date Target Com

  20. 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 Open

  21. Slide 21: Thank you

    Thank you www.petronasgas.com Open

  22. Slide 22: Questions & Answer

    Questions & Answer Open

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