Tenaga Nasional Bhd · MYX:TENAGA
Tenaga Nasional Bhd — Investor Presentation (March 2025)
18 slides from Tenaga Nasional Bhd's investor presentation, March 2025
Slide 1: Tenaga Nasional Berhad Presentation to Investor
TENAGA NASIONAL BERHAD PRESENTATION TO INVESTOR March 2025 Investor Relations, Group Finance Division
Slide 2: Overview Corporate Profile
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 51% of Domestic Generation Capacity Sabah Electricity Sdn Bhd (SESB) (83% owned by TNB) Our grid network and retail
Slide 3: International Portfolio
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 INTERNATIONAL PORTFOLIO 2021 • Equity stake: 100% 2005 • Capacity: • Operation & Management Services: • Equit
Slide 4: Composition of BOD
Overview Composition of BOD EXECUTIVE DIRECTOR / PRESIDENT / CEO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN DATUK IR. MEGAT JALALUDDIN BIN TAN SRI ABDUL RAZAK BIN ABDUL MAJID MEGAT HASSAN Senior Independent Non-Executive Director Independent Non-Executive Directors Non-Independent Non-Executive Director
Slide 5: Results at a Glance: Technical Performance Overview
Results at a Glance Technical Performance Overview Group earnings supported by; i. Improved generation performance ii. World-class network performance Equivalent Plant Availability Factor, EAF (Generation) % FY2024 81.2% Improved overall performance by power plants 2024 Target: 78.6% System Minutes
Slide 6: Dividend Policy and Payout
Dividend Dividend Policy and Payout We continue to deliver stable dividend payouts, reflecting our commitment to rewarding shareholders and maintaining prudent capital management Total Shareholders’ Return 54.1% Dividend Yield* 6.9% 4.0% 5.2% 4.8% 3.8% 66.6% 58.5% 59.6% 60% DIVIDEND POLICY 52.8% 55.
Slide 7: Regulated Business
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 8: 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 Period 3 (RP3) Period 4 (RP4) Contingent CAPEX Average Sales 116.8 141.7 •
Slide 9: Imbalance Cost Pass-Through (ICPT) Mechanism
Regulatory Imbalance Cost Pass-Through (ICPT) Mechanism Regulatory certainty; the Government has successfully managed the impact of fuel prices volatility for the past 21 ICPT cycles since 2015 with the highest ICPT cost recovery in 2023 RP1 RP2 RP2 Extension RP3 RP4 (2015 – 2017) (2018 – 2020) (Jan
Slide 10: Net Zero & Coal Free by 2050
TNB’s Energy Transition Plan Net Zero & Coal Free by 2050 Our journey towards Net Zero 2050 Aspiration will bring positive business growth and enhance value to our shareholders, as well as support the nation’s aspiration Net Zero 2050 Aspiration Our Target for 2025 Our Commitment to 2035 Our Aspirat
Slide 11: Three Key Levers: Decarbonisation, Digitalisation & Electrification
TNB’s Energy Transition Plan Three (3) Key Levers: Decarbonisation, Digitalisation & Electrification Our Energy Transition Plan cuts across the electricity supply value chain, anchoring on three (3) key levers: Decarbonisation, Digitalisation & Electrification Deliver Clean Generation Develop Energy
Slide 12: Peninsular Malaysia Generation Mix
TNB’s 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 Sc
Slide 13: Our growth story supports our ET agenda
TNB’s 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 Ge
Slide 14: Group Investment Pathway
TNB’s Energy Transition Plan Group Investment Pathway will require investment of RM10-20 bil yearly over the next 30 years Indicative TNB CAPEX3 (RM bil) Legend 5-Year Gearing (%) Green hydrogen hub Decarbonisationtrailblazer Decarbonization trailblazer(new (newgreen tech)1 1 greentech) 54 60 51 Ret
Slide 15: National Energy Transition Roadmap
National Energy Transition Roadmap 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
Slide 16: RE Portfolio
Outlook RE Portfolio We remain resolute in delivering our RE target capacity of 14.3GW by 2050 RE portfolio Champion for 3 flagship catalyst projects 4.4GW as at December 2024 Establishment of Large-Scale Solar Parks over 5 sites, each with 100MW capacity, 2,700MW Development of Hybrid Hydro-Floatin
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 Sarah Keok Level 12, Tower A, TNB Platinum [email protected] No. 3, Jalan Bukit Pantai, Bangsar Envelope with solid fill Hasniza Harun 59100 Kuala Lumpur [email protected] Envelope with solid fill
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