PETRONAS Chemicals Group Bhd. · MYX:PCHEM
PETRONAS Chemicals Group Bhd — Q1 2022 Earnings Presentation
18 slides from PETRONAS Chemicals Group Bhd's earnings presentation, May 27, 2022
Slide 1: 1Q 2022 Analyst Briefing
PETRONAS CHEMICALS GROUP BERHAD 1Q 2022 Analyst Briefing 27 May 2022
Slide 2: Disclaimer
Disclaimer 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 appearing in this presentation and the as
Slide 3: Continued economic growth, but expansion slows
Continued economic growth, but expansion slows PETROCHEMICAL PRODUCT PRICES Market Highli GDP improved to 4.01% on economic resilience (1Q 2021: 3.83%) 192021 : 2Q2021 3Q2021 | 4Q2021 1Q 2022 PMI dipped on weaker '&D average Market Price* : growth of new orders i = = fa QD =) > rf 9 a 3% = & = Crude
Slide 4: 1Q 2022 Key highlights
1Q 2022 Key highlights OPERATIONAL EXCELLENCE Lower plant utilization (PU) at 87% in 1Q 2022 compared to 90% in 1Q2021 Lower production volume year-on-year due to plant turnarounds and other maintenance works COMMERCIAL EXCELLENCE Comparable sales volume year-on-year Higher product prices due to hig
Slide 5: EBITDA and margin
-3,000 2,000 7,000 12,000 EBITDA Margin (%) 0 2,000 4,000 6,000 8,000 10,000 0 5,000 10,000 Page | 3
Slide 6: Balance Sheet: Higher total assets on higher cash and cash equivalents
Balance Sheet: Higher total assets on higher cash and cash equivalents driven by improved profitability during the period Total Assets (24 nition) 102 The Group's total assets grew by 1% at ue at RM47.0 billion, mainly due to: » Higher increase in Property, Plant and Equipment (PPE), primarily in re
Slide 7: Cash flows: Higher cash flows from operations, in line with higher profit
Cash flows: Higher cash flows from operations, in line with higher profit Cash § cash equivalents at Cash flow generated from Cash flow used in investing Cash flow used in financing Net increase due to FX Cash & cash equivalents at the beginning of the period operating activities activities activiti
Slide 8: Plant utilization
➢ ➢ 100% 25.0 20.0 90% 15.0 80% ➢ 70% 10.0 60% 5.0 50% 0.0 Page | 6
Slide 9: Sales volume
1400 100% 1300 80% 1200 1100 60% 1000 900 40% 800 20% 700 600 0% 500 ➢ ➢ Page | 7
Slide 10: Production volume
1.2 1.1 Average = 587 KMT 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 Average = 496 KMT ➢ ➢ Page | 8
Slide 11: Product spreads and outlook
Q1 2022 Q1 2022 Q1 2022 Q1 2022 (vs Q4 2021) (vs Q4 2021) (vs Q4 2021) (vs Q4 2021) Outlook Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) (3 Months) Page | 9
Slide 12: Product spreads and outlook
Q1 2022 Q1 2022 Q1 2022 (vs Q4 2021) (vs Q4 2022) (vs Q4 2021) Outlook Outlook Outlook (3 Months) (3 Months) (3 Months) Page | 10
Slide 13: Delivering on our growth plans
Delivering on our growth plans » Perstorp Holding AB ("Perstorp’) is a niche, global specialty chemicals manufacturer with positive exposure to ESG trends » PCG signed SPA with Financiére Forét S.a.r.l, on 14 May 2022, to acquire 100% of Perstorp for a Base Purchase Price of EUR1,538.00 million > Ne
Slide 14: Page | 12
0.72 • 0.69 0.65 • • • • • Page | 12
Slide 15: Business outlook and priorities
Slower global growth, rising inflation Pengerang Integrated Complex, re-started 8th May 2022 Proposed acquisition of Perstorp Holding AB Investments in derivatives, specialty chemicals including green chemicals Continued investment in R&D Growth Delivery Continuing economic recovery Stable crude oil
Slide 16: Thank you
@ 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 [email protected] www.petronaschemicals.com
Slide 17: O&D: Lower revenue on lower production and sales volume
O&D: Lower revenue on lower production and sales volume due to higher turnaround days Quarterly Revenue & EBITDA (RM million) [ Revenue EBITDA 3,406 3,155 Revenue (RM million) Lo71 r] [ a z 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 > 1Q 2022 PU was lower compared to corresponding quarter at 75% vs 102
Slide 18: Page | 15
3,5 00 3,0 00 2,5 00 2,0 00 1,5 00 1,0 00 500 0 ➢ ➢ Page | 15
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