PETRONAS Chemicals Group Bhd. · MYX:PCHEM

PETRONAS Chemicals Group Bhd — Q4 2015 Earnings Presentation

13 slides from PETRONAS Chemicals Group Bhd's earnings presentation, Feb 24, 2016

1. Slide 1: PETRONAS Quarterly Results Announcement

   PETRONAS QUARTERLY RESULTS ANNOUNCEMENT Highlights for the Quarter Ended December 2015 24 February 2016 Disclaimer. “© 2016 PETROLIAM NASIONAL BERHAD (PETRONAS) All rights reserved. Strictly Private and Confidential. For internal use only. No part of this document may be reproduced, stored in a retr

2. Slide 2: Disclaimer

   Disclaimer 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 contained and app

3. Slide 3: PCG Management

   PCG Management a on Datuk Sazali Hamzah Rashidah Alias Akbar Md Thayoob President/Chief Executive Office Chief Financial Officer Head of Commercial M Yusri M Yusof Abdul Aziz Othman Edward Ong Head of Manufacturing Head of Strategic Planning & Ventures Head of Investor Relations 6 PETRONAS Chemicals

4. Slide 4: Key Highlights

   Key Highlights « Better EBITDA on higher sales volume and favourable forex movement, offsetting lower product spreads ¢ 2015 record operational performance since listing ¢ Better sales mix, higher netback from key markets and improved cost-to-serve ¢ Lower product prices in line with lower crude oil

5. Slide 5: FY2015 Financial Performance

   FY2015 Financial Performance 14.6 EBITDA margin Revenue Group (RM billion) 31.8% 34.4% 4.6 4.7 EBITDA 2014 m2015 3.1 a7 (413.4%) Profit After Tax PETRONAS Chemicals Group Berhad 5

6. Slide 6: Quarterly Financial Performance

   Quarterly Financial Performance Group 33% 29% 31% 34% 36% 33% 39% 30% 3,806 3,901 : 3,549 3,642 3.449 3,341 3,140 3,305 ’ 1,341 1,439 7 l. 4 7 l. | Qi 2014 Q2 2014 Q3 2014 Q4 2014 Qi 2015 Q2 2015 Q3 2015 Q4 2015 Olefins & Derivatives Fertilisers & Methanol 31% 26% 32% 33% 31% 33% | 39% || 32% 40% 36

7. Slide 7: Quarterly Plant Utilisation

   Quarterly Plant Utilisation *85% *85% Qi 2014 Q2 2014 Q3 2014 97% | | Q12014 Q2 2014 Q3 2014 Q42014 Q12015 Q2 2015 Q3 2015 Q4 2015 Olefins & Derivatives 90% 93% 84% 95% Group 9, 90% 9, 88% 88% y | : Q4 2014 Ql 2015 Q2 2015 Q3 2015 Q4 2015 Fertilisers & Methanol 99% 95% 87% Te, =, Cac sa 73% : 85% 84

8. Slide 8: Group Cash Flow

   Group Cash Flow (RM million) Change Cash flow generated from operating eae 139 activities Cash flow used in investing activities (880) Cash flow (used in)/generated from : . ne 263 financing activities Net increase/(decrease) in cash & cash . (478) equivalents Net increase/(decrease) due to FX (274)

9. Slide 9: Operational Highlights

   Operational Highlights ¢ 85% PU — 2015 record operational performance since listing ¢ Q4 86% PU a strong exit from 2015 ¢ Focused on delivering operational excellence through: ° Effective supplier relationship management, ¢ Flawless TA (PC Aromatics, PC MTBE (PDH) and ABF), and ° Internal reliabilit

10. Slide 10: Olefins & Derivatives and Fertilisers & Methanol product price trends

    Olefins & Derivatives Fertilisers & Methanol  Declining ethylene prices driven by weak  Softening urea prices with lackluster upstream values demand  Softening polymer prices on the back of  Declining ammonia prices due to weak ample supply amidst slow demand demand for industrial application 

11. Slide 11: 2016 Priorities

     • Maintain good HSE performance • Maximise plant utilisation via effective asset and feedstock reliability • Cost optimisation  • Expand presence in key market segments • Improve customer experience • Optimise cost-to-serve  • Commercial operations of SAMUR, AROMA • Project execution of 2EHA, HR

12. Slide 12: Thank You

    THANK YOU

13. Slide 13: For further enquiries please contact us at:

    For further enquiries please contact us at: Edward Ong, Head of Investor Relations Tel: +603 2392 0747 PETRONAS Chemicals Group Berhad Level 14, Tower 1, PETRONAS Twin Towers Kuala Lumpur City Centre, 50088 Kuala Lumpur, MALAYSIA Fax: +603 2331 3060 petronaschemicals_ir@petronas.com.my www.petronasc

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