Tenaga Nasional Bhd · MYX:TENAGA
Tenaga Nasional Bhd — 1QFY2023 Earnings Presentation
20 slides from Tenaga Nasional Bhd's earnings presentation, March 2023
Slide 1: Tenaga Nasional Berhad Presentation to Investors
1 TENAGA NASIONAL BERHAD PRESENTATION TO INVESTORS Investor Relations Group Finance Division March 2023
Slide 2: Corporate Profile
Overview Corporate Profile TNB is the largest electricity utility company in Malaysia and at the forefront of Sole Network & Retail Provider in the country’s energy transition Peninsular Malaysia Sabah Electricity Sdn Bhd (SESB) Our grid network & retail business are governed by (83% owned by TNB) t
Slide 3: New Energy Division Portfolio
Overview Corporate Profile We are also a global player; through our New Energy Division (NED), we strive to future proof our business by expanding our RE footprint and establishing strategic partnerships with leading RE players NED’S PORTFOLIO 2021 2016 • Equity stake: 100% • Equity stake: 30% • Cap
Slide 4: Composition of BOD
Overview Composition of BOD CHAIRMAN EXECUTIVE DIRECTOR / PRESIDENT / CEO DATO’ ABDUL RAZAK BIN ABDUL MAJID DATO' INDERA IR. BAHARIN BIN DIN Senior Independent Independent Non-Executive Directors Non-Independent Non-Executive Directors Non-Executive Director ONG AI LIN GOPALA KRISHNAN JUNIWATI DATO'
Slide 5: Financial Performance Overview
Results at a Glance Financial Performance Overview Improved earnings despite challenging environment REVENUE EBITDA PAT (RM mil) (RM mil) (RM mil) 1QFY2023 +3.9% 1QFY2023 1QFY2023 +6.9% RM4,883.7 RM930.9 (4.9%) RM12,625.6 EBITDA MARGIN: 38.7% 1QFY2022: RM12,153.1 1QFY2022: RM5,137.8 1QFY2022: RM871.
Slide 6: Technical Performance Overview
Results at a Glance Technical Performance Overview Group earnings supported by; (i) Improved generation business (ii) World-class network performance 1QFY2023 Equivalent Plant Availability Factor, EAF 84.41% EAF performance secured generation assets’ (Generation) FY2022: 83.2% capacity revenue % 202
Slide 7: Dividend
Dividend We strive for sustainable dividends to ensure long term value for the shareholders, proven by our historical dividend payout record 55.8% 56.0% 58.5% 52.8% 55.2% 7.5% 7.7% 4.3% 4.8% DIVIDEND POLICY 3.9% We will continue to honour our dividend policy of 30% to 60% dividend payout 50.0 ratio,
Slide 8: 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: • Clear and transparent regulatory framework • Consistent and stable
Slide 9: IBR Regulatory Period (RP3) Parameters
Regulatory IBR Regulatory Period 3 (RP3) Parameters The Government has approved the RP3 parameters and we have secured higher CAPEX with a fair WACC for the next 3 years (2022-2024) Base Tariff sen/kWh 38.53 39.45 39.45 39.95 RP3 determination (2022 -2024) Regulated Business 11.77 12.40 13.65 13.75
Slide 10: ICPT Mechanism
Regulatory ICPT Mechanism To date, the Government has successfully managed the impact of fuel prices volatility for the past 17 ICPT* cycles since 2015 RP2 RP2 Extension RP3 RP1 (2015 – 2017) (2018 – 2020) (Jan 2021 – Jan 2022) (Feb 2022 – 2024) ICPT Implementation (2015 - 2022) 16,158 7,000 1,148 1
Slide 11: Malaysia's Journey Towards Net Zero Commitments
Global Shift Towards Net Zero Malaysia’s Journey Towards Net Zero Commitments The Malaysian Government’s commitment towards Net Zero at COP26; our Energy Transition Plan supports the nation’s climate commitments Key focus areas to facilitate the transition to carbon neutrality Malaysia Climate Encou
Slide 12: Net Zero & Coal Free by 2050
TNB’s Energy Transition Plan Net Zero & Coal Free by 2050 We are committed to our Energy Transition Plan – The journey towards Net Zero 2050 Aspiration will bring positive business growth and enhance value to our shareholders Net Zero 2050 Aspiration Our Target for 2025 Our Commitment to 2035 Our As
Slide 13: Malaysian Generation Mix
TNB’s Energy Transition Plan Malaysian 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 Malaysian Generation Mix (%) Forecast Scenario under Net Zero
Slide 14: Energy Transition Plan Investment
TNB’s Energy Transition Plan Investment Pathway will require investment of 10-20 bil MYR yearly over the next 30 years Indicative TNB CAPEX3 (MYR bil) Legend Green hydrogen hub Decarbonization trailblazer (new green tech)1 60 Retail Decarbonization trailblazer (conventionals) International RE champi
Slide 15: Fast-Track Sustainability Agenda
TNB’s Energy Transition Plan TNB’s Fast-Track Sustainability Agenda For 2023, we will continue to drive our strategic initiatives in reaching our Net Zero commitments while ensuring business growth Energy Sources GenCo Energy Vector Grid Hydro Sungai Perak LEP Project (650.75MW) 1 Regional Interconn
Slide 16: Collaboration with GDS - Energy Vector
Latest Development Energy Vector Our collaboration with GDS signals positive demand and system growth for TNB in Malaysia 2 Pipeline Data Centre Projects with maximum demand of 4,300MW TNB aims to provide beyond-kWh solutions including solar roof top solutions, Green Energy Tariff (GET) and cooling
Slide 17: Electric Vehicle Ecosystem
Latest Development Energy Usage TNB is committed to strengthening the Electric Vehicle Ecosystem towards the proliferation of EVs in Malaysia 1 Electric Vehicle (EV) Ecosystem 16 February 2023: Launching of the first TNB Electron vehicle charging facility at Ayer Keroh (Northern Direction) 2023 TNB
Slide 18: GSPARX Rooftop Solar Growth
Latest Development Energy Usage GSPARX1 provides the ‘extra’ push on renewable energy penetration while growing TNB’s revenue source 2 Collaboration with AEON • GSPARX is collaborating with AEON for the installation of rooftop solar PV systems across 40 AEON and AEON BiG shopping malls nationwide. •
Slide 19: Investor Relations
INVESTOR RELATIONS IR OFFICERS: GROUP FINANCE DIVISION Sarah Keok Tenaga Nasional Berhad +6 03 2108 2126 | [email protected] Level 12, Tower A, TNB Platinum No. 3, Jalan Bukit Pantai, Bangsar 59100 Kuala Lumpur Sakinah Mohd Ali +6 03 2108 2840 | [email protected] Tel : +603 2108 2128 Fax : +603
Slide 20: 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
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