PETRONAS Gas BerhadCorporate Briefing

•

•

•

•

PETRONAS Gas Berhad (PGB)

• Private Limited Company23 May 1983

• Public Limited Company28 March 1995

• Listed on KLSE Main Board 4 September 1995

• PETRONAS owns 60.66% equity

PGB

* Although the Group has more than 50% ownership

in the equity interests of Kimanis Power Sdn Bhd

and Kimanis O&M Sdn Bhd, the Group treats these

companies as joint ventures in accordance with

Malaysian Financial Reporting Standards. This is in

consideration that it does not have sole control over

these investees as strategic and financial decision of

these investees required unanimous consent by all

shareholders.

•

•

GPU

GTR

•

•

Customers

•

•

•

Upstream Processing & Transportation

PGU

Loop

New Connection

Gas Processing Plant

Utilities Plant

Regasification Terminal

Power Plant

Imported Gas

GPS

GPK

UK

UG

RGT1

(2003)

Kangar

THAILAND

Kuala Lumpur

Segamat

Paka

Keppel

•

•

•

•

•

•

•

•

•

Location: Sungai Udang, Melaka

Distance from shore: 3 kilometres

Capacity: 530 mmscfd/3.8 mtpa

Length: Approximately 900 metres

Operated by PGB Subsidiary Regas Terminal Sungai Udang Sdn Bhd

•

•

•

Unloading from

LNGCStorage in FSU Regasification

Injection into

Grid

Component Fee

Tariff

1. Peninsular (RM/GJ)

Postage tariff for Peninsular

1.248

(RM1,277.2M)

2. Miri (RM/GJ) 1.857

(RM15.5M)

3. Bintulu (RM/GJ) 1.147

(RM1.9M)

•

•

•

•

•

Revenue (RM million) Profit After Tax (RM million)

CAGR : 6.3%

CAGR : 5.4%

Total Asset (RM million)Total Equity (RM million)

Segment Gas ProcessingGas

TransportationUtilities Regasification

Revenue

Contribution(%)34.1 28.6 23.4 13.8

Gross Profit

Contribution (%)31.4 47.2 7.5 13.9

Gross Profit

Margin (%)41.6 74.8 14.6 45.3

0

5

10

15

20

25

30

Lowest share price

RM14.80

Highest share price

RM24.88

Closing share price

@ 31 December

2016 RM21.30

Market capitalisation

RM42 billion*Top 10 in FBM KLCI as at 31 December 2016

82

71

91

107 105

6973

60

76

64

7771

’06 ’07 ’08 ’09 ’10 ’11 ‘111 ’12 ’13 ’14 ’15 ‘16

Note:

Financial year 2011 comprises reporting period from 1 April to 31 March.1 For the nine month period ended 31 December 20112 Based on normalised PAT (excluding tax incentives)3 PGB has embarked on a quarterly dividend payment since Q3 FY2014, instead of semi-annually dividend plan in line with practices

undertaken by some other public listed companies.2

Dividend declared

Interim Sen RM Mil

FY16 1st Interim 14 277.02

FY16 2nd Interim 14 277.02

FY16 3rd Interim 15 296.81

FY16 4th Interim 19 375.96

Total 62 1,226.81

82%

71%

91%

107% 105%

69%73%

60%

76%2

64%2

77%271%

Pengerang Deep Water Terminal

( )

Associated Facilities

PRPC (Utilities and Facilities)

Sdn Bhd

1

RGT2

(Regasification Terminal)2

ASU

(Air Separation Unit)

3

SPV 2

(Liquid Bulk Terminal)4

PCP

(Cogeneration Plant)

5

PAMER

(Projek Air Mentah)6

LNG Storage

Tank

•

•

•

Project Cost

Target commencement

Estimated at USD858 Million

Commenced construction in Q2 FY2015

Target commercial operations

Q4 FY2017

IRR At par with IRR of other infrastructure company

Project mode • EPCC• EPCC Agreement with Samsung C&T Corporation, in

Consortium with Whessoe Engineering Ltd, Science-TechSolutions Sdn Bhd and Samsung C&T (KL) Sdn Bhd (RM1.5Billion)

Financing Funded by a combination of equity and debt from therespective parties

RGTP Tariff (USD)

Regasification Fee

•

•

Storage Charge

•

•

Tariff

•

•

Associated Facilities

PRPC (Utilities and

Facilities) Sdn Bhd

RGT2

(Regasification

Terminal)

ASU

(Air Separation Unit)

3

SPV 2

(Liquid Bulk Terminal)

4

PCP

(Cogeneration Plant)

PAMER

(Projek Air Mentah)

1

2

5

6

The

The

•

•

The

The

Linde

ASU JV Co

Partnership Linde is:• One of the global leading industrial gases companies• Proven to have the technology and capability for projects

such as ASU

Rate of return Above WACC

Target commissioning Q4 FY2018

Total Project cost

USD172M

51% 49%

Financing 70:30 Debt: Equity

89.10%

3.63%

3.63%

3.64%

86%

90%

94%

98%

102%

AdjustedCapacity

NetProduction

OEE Gap

100%

Target production considers internal factors based

on planned maintenance activities.

OEE measurement excludes all external factors e.g.

feedgas composition, feedgas volume, demand, etc.