PETRONAS Chemicals Group Bhd. · MYX:PCHEM
PETRONAS Chemicals Group Bhd — Q4 2020 Earnings Presentation
23 slides from PETRONAS Chemicals Group Bhd's earnings presentation, Feb 23, 2021
Slide 1: Quarterly Analyst Briefing, Quarter Ended 31 December 2020
Cf PETRONAS PETRONAS CHEMICALS GROUP BERHAD QUARTERLY ANALYST BRIEFING QUARTER ENDED 31 DECEMBER 2020 23 FEBRUARY 2021 6.00PM — 7.00 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: A year of unparalleled challenges
A year of unparalleled challenges © PETRONAS PETROCHEMICAL MARKET SPREADS 4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Market Spreads, USD/MT Ny) [o} oO & oO Crude Oil, USD/barrel 100 — Fertiliser & Methanol* i i ! 50 1 ' i i 10 ' ! i i 0 ' 0 *Left Axis Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 De
Slide 6: Open Page 4
0.87 0.83 0.9 0.80 0.8 0.7 0.6 0.5 0.4 7.08 7.02 7.08 6.92 0.3 Open Page 4
Slide 7: Full year 2020 Highlights
Full year 2020 Highlights Op Cf PETRONAS Vv Vv Plant utilisation (PU) at 94 % Highest production volume at 8.7 million tonnes since addition of PC Fertiliser Sabah in 2017 Overall improvement in plant performance despite slope incident at SSGP line. Vv Vv Lower sales volume by 4% Soft product demand
Slide 8: Performance Highlights
PETRONAS KEY HIGHLIGHTS PERFORMANCE HIGHLIGHTS MOVING FORWARD
Slide 9: Performance Highlights: Financials
Performance Highlights : Financials PETRONAS Key Financial 4Q 2020 4Q 2020 indicators Year-on-Year Quarter-on-Quarter Year to date (YTD) (YoY) (eYere)) Production 4Q 2020 ? 4Q 2020 ¥ YE 2020 Volume : : (000 MTPA) 4Q 2019 | 3Q 2020 —_ YE 2019 4Q 2020 3,836 6 4Q 2020 YE 2020 14,362 % Revenue + ) (12%)
Slide 10: Balance Sheet as at December 2020
Balance Sheet as at 31 December 2020 Open Total Assets (RM million) 38,863 39,829 Others Cash & cash equivalents Trade & other receivables Trade & Other inventories Investment in joint ventures and associates Property, plant and equipment (PPE) As at 31.12.2019 As at 31.12.2020 Total Equity & Liabil
Slide 11: Cash Flows for the year ended December 2020
Cash Flows for the year ended 31 December 2020 PETRONAS (RM million) 3,015 (1,444) ri (117) 12,707 12,045 Cash & cash Cash flow generated Cash flow used in Cash flow usedin Net decrease due to FX Cash & cash equivalents at the from operating investing activities financing activities impact equivalen
Slide 12: Open Page 9
➢ 25.0 ➢ 100% 20.0 90% 15.0 ➢ 80% 10.0 70% 60% 5.0 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 = 605 KMT Average = 477 KMT
1.2 1.1 Average = 605 KMT 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 Average = 477 KMT ➢ ➢ Open Page 13 Page 11
Slide 15: Performance Highlights: Operational - Projects Updates
Performance Highlights : Operational — Projects Updates © Open PIC-PETCHEM overall progress at 100% completion as of December 2020 Effective management of COVID- 19 to keep progress on track Gearing for integrated start-up PETRONAS Page 12
Slide 16: Performance Highlights: Operational - Conclusion
Performance Highlights : Operational - Conclusion © PETRONAS 2020 Highlights > Recorded highest annual production volume at 10.7 mil MT and sustained group plant utilisation above 90% since 2016 > 100% completion of PIC-PETCHEM overall progress > Successful TA completion at MTBE plant in Gebeng, wit
Slide 17: Product outlook Q4 2020
Q4 2020 Q4 2020 Q4 2020 Q4 2020 (vs Q3 2020) (vs Q3 2020) (vs Q3 2020) (vs Q3 2020) Outlook Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) (3 Months) Open Page 14
Slide 18: Product outlook Q4 2020
Q4 2020 Q4 2020 Q4 2020 (vs Q3 2020) (vs Q3 2020) (vs Q3 2020) Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) Open Page 15
Slide 19: Moving Forward
Cf PETRONAS MOVING FORWARD
Slide 20: Uphill economic recovery, volatility here to stay
Uphill economic recovery, volatility here to stay © PETRONAS @ Economic recovery @ Stabilising crude oil prices Lingering impact of pandemic, continued lockdowns Oo Uneven global growth Business es Environment Q > Uphold Health, Safety and Environmental practices Focus > Enhance operational and comm
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: Open Page 17
➢ 12, 000 9,960 10, 000 8,208 ➢ 8,0 00 6,0 00 4,0 00 2,099 2,0 00 1,394 0 Open Page 17
Slide 23: Open Page 18
➢ 7,000 6,166 6,000 5,311 ➢ 5,000 4,000 3,000 2,520 2,183 2,000 1,000 0 Open Page 18
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