Tenaga Nasional Bhd · MYX:TENAGA
Tenaga Nasional Bhd — Investor Presentation (March 2026)
18 slides from Tenaga Nasional Bhd's investor presentation, March 2026
Slide 1: Tenaga Nasional Berhad Presentation to Investor
TENAGA NASIONAL BERHAD PRESENTATION TO INVESTOR March 2026 TNB Bukit Selambau, Kedah Investor Relations, Group Finance Division
Slide 2: Corporate Profile: Largest electricity utility in Malaysia
OVERVIEW CORPORATE PROFILE TNB is the largest electricity utility company in Malaysia and at the forefront of the country’s energy transition Our Presence in Peninsular Malaysia Holds 55% of Domestic Generation Capacity Sabah Electricity Sdn Bhd (SESB) (83% owned by TNB) Our grid network and retail
Slide 3: TNB's generation footprint in Peninsular Malaysia
OVERVIEW CORPORATE PROFILE TNB’s generation footprint in Peninsular Malaysia — anchoring 55% of market share Generation Portfolio Perlis Legend: Coal Gas Kedah TNB holds 55% (15,312MW) TNBBS (45MWp) TNBBS 2 Hydro (75MWp) of Peninsular gross installed capacity Sg.Pergau Solar Prai (28,040MW*) (600MW)
Slide 4: Global presence and renewable footprint
OVERVIEW CORPORATE PROFILE We are also a global player as we strive to future proof our business by expanding our RE footprint and establishing strategic partnerships with leading RE players OUR GLOBAL PRESENCE Renewable Assets ~1.3GW 4 3 Services Technologies Onshore Offshore Operational Countries
Slide 5: Composition of BOD
OVERVIEW COMPOSITION OF BOD NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR / PRESIDENT / CEO TAN SRI ABDUL RAZAK BIN ABDUL MAJID DATUK Ir. Ts. SHAMSUL BIN AHMAD Senior Independent Non-Executive Director Independent Non-Executive Directors Non-Independent Non-Executive Directors ONG AI LIN
Slide 6: Dividend Policy and Payout
OVERVIEW DIVIDEND POLICY AND PAYOUT We continue to deliver stable dividend payouts, reflecting our commitment to rewarding shareholders and maintaining prudent capital management 66.6% 65.6% 59.6% 60% 52.8% 55.2% DIVIDEND POLICY 30% We will continue to honour our dividend 53.0 policy of 30% to 60% d
Slide 7: Technical Performance Overview
OVERVIEW TECHNICAL PERFORMANCE OVERVIEW Group earnings supported by; i. Improved generation performance ii. World-class network performance Equivalent Plant Availability Factor, EAF (Generation) % FY2025 87.8% Improved overall performance by power plants FY2024: 81.2% 2025 Target: 83.2% 2026 Target:
Slide 8: Peninsular Malaysia Electricity Demand
POWER DEMAND PENINSULAR MALAYSIA ELECTRICITY DEMAND Peninsular Malaysia’s electricity demand continued to strengthen, driven by resilient and growing economy Electricity demand rebounded strongly post-pandemic, recorded 131 TWh in 2024 (the highest level in TNB’s history) 2025 – 2027 Outlook Demand
Slide 9: Regulated business under the IBR framework
REGULATORY REGULATED BUSINESS Our regulated business is governed by the Incentive-Based Regulation (IBR) framework which provides stable returns to the Group while ensuring a more efficient energy sector The IBR mechanism provides: Governed under PPA/SLA/REPPA • Clear and transparent regulatory fram
Slide 10: IBR Regulatory Period (RP4) Parameters
REGULATORY IBR REGULATORY PERIOD 4 (RP4) PARAMETERS We have successfully secured our returns at 7.3% and sufficient expenditure allowance for the next 3 years Tariff Parameters RP4 Allowed CAPEX (RM bil) Regulatory Regulatory Contingent CAPEX Period 3 (RP3) Period 4 (RP4) Base Tariff • Investments r
Slide 11: Automatic Fuel Adjustment (AFA) Mechanism
REGULATORY AUTOMATIC FUEL ADJUSTMENT (AFA) MECHANISM AFA Mechanism enhances RP4 certainty through timely fuel cost recovery Fuel Cost Recovery (2015 – 2027) Automatic Fuel Adjustment (AFA) Historical Current Base tariff + AFA, sen/kWh Automatic Fuel Adjustment +10% RP1 – RP4 RP4 (Jan 2015 – June 202
Slide 12: Medium to Long Term Outlook
ENERGY TRANSITION PLAN MEDIUM TO LONG TERM OUTLOOK TNB’s long-term strategic priorities are anchored on its aspiration to achieve Net Zero emissions by 2050 Energy EnergyTransition Transition Investment Outlook up to 2027 National Energy Transition Roadmap (RM bil) (NETR) aims to achieve: 18 18 15 1
Slide 13: Peninsular Malaysia Generation Mix
ENERGY TRANSITION PLAN PENINSULAR MALAYSIA GENERATION MIX The nation's current generation mix reflects the diversification required for security of supply, and will continue to shift as we take a responsible approach towards energy transition Peninsular Malaysian Generation Mix (%) Forecast Scenario
Slide 14: Our Growth Story Supports Our ET Agenda
ENERGY TRANSITION PLAN OUR GROWTH STORY SUPPORTS OUR ET AGENDA TNB’s fast-track sustainability agenda will bring major shifts across the value chain, ensuring business growth while meeting our ESG commitment Develop Energy Dynamic Energy Solutions Deliver Clean Generation Transition Network GenCo ai
Slide 15: Capitalising on High-Value Green Economy
ENERGY TRANSITION PLAN CAPITALISING ON HIGH-VALUE GREEN ECONOMY The National Energy Transition Roadmap (NETR) aims to shift Malaysia from a traditional fossil fuel-based economy to a high-value green economy NETR Part 1 Responsible Transition (RT) Pathway 2050 (6 energy transition levers) to shift M
Slide 16: Renewable Energy Portfolio
OUTLOOK RENEWABLE ENERGY PORTFOLIO We remain resolute in delivering our RE target capacity of 14.3GW by 2050 RE portfolio Champion for 3 flagship catalyst projects 4.6GW as at December 2025 Establishment of Large-Scale Solar Parks over 5 sites, each with 100MW capacity, 2,700MW Development of Hybrid
Slide 17: Disclaimer
Disclaimer This presentation and discussion may contain forward looking statements by Tenaga Nasional Berhad related to financial trends for future periods. Some of the statements contained in this presentation or arising from this discussion which are not of historical facts are statements of futur
Slide 18: Investor Relations
INVESTOR RELATIONS IR OFFICERS: GROUP FINANCE DIVISION Envelope with solid fill Tenaga Nasional Berhad Nura Nadia Abd Hadi nuranadiaah@tnb.com.my. Level 12, Tower A, TNB Platinum No. 3, Jalan Bukit Pantai, Bangsar Envelope with solid fill Hasniza Harun 59100 Kuala Lumpur hasniza@tnb.com.my Silviarah
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