Analysts Briefing. Year To Date December FY 2010/ th February 2011

Transcription

1 Analysts Briefing Year To Date December FY 2010/11 17 th February 2011

2 1. MD/CEO s Message 2. Financial Review For Year To Date December FY 2010/11 3. Business Performance Review For Year To Date December FY 2010/11 4. Commercial Business Overview 5. Q&A

3 Financial Review For YTD December 2010 FY 2010/11 En Rozaini Mohd Sani General Manager, Finance Services Division

4 Key Events / Highlights For Year To Date ended 31 December 2010 Sales volume in the quarter is 6.2% higher than last year and 4.9% higher than preceding quarter. Average selling prices also increased by 5.3% and 3.6% against the quarter last year and preceding quarter. All in all, PDB achieved higher sales volume (4.0%) and average selling prices (6.3%) for year to date 31 December 2010 as compared to same period last year. GDP growth stood at 8.1% as at quarter 3 and the overall growth for 2010 is expected to be moderate. The moderate growth rate is expected to continue in Following the dip in international oil prices at a start of FY10/11 i.e Quarter 1, the oil prices continued its climb in Quarter 3, FY10/11 and breached the USD100/bbl level in December PDB paid out a total of RM633.3 million in August and December 2010 for the dividends announced previously.

5 Key Financial Highlights YTD 31/12/2010 vs YTD 31/12/2009 As at 31/12/2010 vs As at 31/03/2010 INCOME STATEMENT Revenue increased by 10.6% to RM16,885.0 million from RM15,269.5 million Profit Before Tax increased by 9.6% to RM893.4 million from RM814.9 million BALANCE SHEET Shareholders funds increased by 0.2% to RM4,566.5 million from RM4,558.5 million Cash balances increased to RM1,025.7 million compared to RM912.5 million Key Ratios As at 31/03/2010 As at 31/12/2010* Earnings Per Share (sen) Return on Revenue (%) Return on Equity (%) Return on Total Assets (%) * Annualised based on year to date figures as at 31 December 2010

6 Revenue was higher by 10.6% as a result of higher sales volume and higher average selling price by 6.3% and higher sales volume by 3.9% Contribution by Product RM Million 18,000 16,000 Revenue 15, ,885.0 LPG 883,424 5% Fuel Oil 775,977 5% Aviation 2,977,049 18% Lube 292,478 2% Others 426,748 2% Mogas 5,869,009 35% 14,000 Diesel 5,660,299 33% 12,000 YTD 10/11 10,000 8,000 6,000 4,000 LPG, 807,466, 5% Fuel Oil, 947,962, 6% Aviation, 2,228,708, 14% Lube, 269,508, 2% Others, 419,781, 3% Mogas, 5,465,657, 36% 2,000 YTD YTD Diesel, 5,130,467, 34% YTD 09/10

7 Gross Profit increased by RM 9.3 million (0.6% ) mainly due to higher margin for Aviation RM Million 1,500 Gross Profit 1, ,508.0 LPG 151,865 10% Fuel Oil 28,085 2% Aviation 132,739 9% Contribution by Product Lube 68,333 4% Others 40,219 3% Mogas 663,880 44% Diesel 422,850 28% 1, LPG 158,518 11% Fuel Oil 13,854 1% Lube 86,020 6% Others 53,020 3% YTD 10/11 Aviation 100,711 7% Mogas 690,880 46% Diesel 395,744 26% - YTD YTD YTD 09/10

8 Profit Before Tax increased by RM78.5 Million (9.6%) mainly due to better OPEX management and higher Other Income Profit Before Tax Comparison For OPEX & Other Income RM Million OPEX OTHER INCOME YTD YTD YTD 2009/10 YTD 2010/11

9 Despite the increase in dividend payment during the 9 month period, shareholder s funds and cash balance remain strong. RM Million Shareholder s Funds 5,000 4, , ,500 RM Million 1, Cash Balance 1, ,000 3, ,000 2, ,000 1, , March December March December 2010

10 1,600 1,400 Cash balance remains healthy to support CAPEX and working capital RM Million Cash and bank Deposits Total 1,437 1,200 1, ,145 1,138 1,020 1,015 1,

11 Earnings per share is on upward due to strong earnings performance Sen per share * EPS as at 31 December 2010 is 64.5 sen Earning Per Share FY2004/05 FY2005/06 FY2006/07 FY2007/08 FY2008/09 FY2009/10 FY2010/11 * Annualised based year to date figures as at 31 December 2010 FY2005/06 FY2006/07 FY2007/08 FY2008/09 FY2009/10 FY2010/11 PDB P/E Market PE

12 PDB s share price upward momentum continues from preceding quarter with an increase of 11% KLCI PETDAG 6 5

13 PDB Total Shareholder Return as at 31 December 2010 Share Price RM CAGR (with Dividend Reinvestment) 17.5% Mar 94 Mar 95 Mar 96 Mar 97 Mar 98 Mar 99 Mar 00 Mar 01 Mar 02 Mar 03 Mar Feb Feb 05 Mar 05 Mar 06 Mar 07 Mar 08 Mar 09 Mar 10 Dec 10 Up to FY99/00 FY00/01 FY01/02 FY02/03 FY03/04 FY04/05* FY05/06 FY06/07 FY07/08 FY08/09 FY09/10 FY10/ On , Bonus issue at ratio 1: No of Shares (with Dividend Reinvestment) 1,173 1,231 1,300 1,350 1,406 2,887 2,990 3,096 3,225 3,363 3,530 3, years 10 years 5 years 2 years 9 month TSR (%)

14 PDB has paid a special & interim dividend for YTD FY 10/11 on 28 December 2010

15 PDB s dividend yield continues to increase and remains at a higher level than market yield Percentage PDB Dividend Yield Market Dividend Yield FY2004/05 FY2005/06 FY2006/07 FY 2007/08 FY 2008/09 FY 2009/10 FY 2010/11

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18 1. Malaysian Economic 2. Business Performance 3. Business Outlook and Key Focus Area

19 Malaysian economy continued to be moderate GDP growth stood at 8.1% (ie; 10.1% in Q12010, 8.9% in Q22010, 5.3% in Q32010). For Q economic growth is expected to be moderate due to slow in economy recovery. Import and export continue to remain slight rebound towards end of Dec 2010 Source : Statistic Department of Malaysia & BNM

20 1. Malaysian Economic 2. Business Performance 3. Business Outlook & Key Focus Area

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25 Key achievement and activities in Q3 FY 2010/11 Achievement Secured new marine contract (Diesel) with Sirius Marine Pte Ltd which brought an average of 2.4 Mil Ltr/mth additional volume. Activities Road to Rewards Promotion worth of RM3 Million from 1 Nov 2010 to 15 Feb Opening up new Mesra Shoppe at Menara Bumiputra Commerce in Nov 2010; Opening up new retail station at Taman Dagang, Ampang in Nov 2010; Launch of Gas Petronas ordering at selected PSS in Klang Valley; and Appointment of lubricant premier agent & mobile booth promotion. Engage with its stakeholders closely e.g. CIMB Malaysian Corporate Day, Commercial Dealers engagement session, play host to KLIA Custom Director delegation to KVDT., community programmes. Heighten HSE awareness and practice within Group and its customers e.g. LPG safe handling and knowledge briefing, launch of zero tolerance work culture, table-top exercise for LPG premier dealer.

26 1. Malaysian Economic 2. Business Performance 3. Business Outlook & Key Focus Area

27 Malaysian economy is expected to be moderate in 2011 GDP is projected to be moderate in 1H2011 before rebound in 2H2011. Moreover, this is also supported by Consumer Sentiment Index which surged to in 4Q10. Ringgit has been strengthening against major currencies as the strong economic recovery and growing regional prospects contributed to favorable investor sentiment towards the regional financial markets. Source : Bloomberg & BNM

28 Key Focus Area Retail Business Achieving market leadership Increasing throughput volume Opening new stations Commercial Business Maintain and strengthen market leadership Focus on primary target market and quality customers

29 Key Focus Area LPG Business Maintain market leadership Improve on product network availability and customer service Lube Business Aggressive market penetration Expand product range to include fighting brand

30 T H A N K Y O U

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32 1. Overview 2. Role of Commercial Business 3. Product Offerings and Customers 4. Contribution to PDB 5. Operating Environment 6. Our Edge: a. Extensive Logistics Coverage b. ISO Certified 7. Going Forward

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34 Marketing of petroleum products in bulk to Commercial and Industrial customers

35 Diesel Jet Fuel Fuel Oil Bitumen

36 LANGKAWI Refinery Bulk Terminal PPMSB & PPTSB 17 (PDB) incl 4 JVs BAYAN LEPAS PRAI LUMUT SUBANG KLIA KVDT MELAKA Aviation Terminal KERTEH KUANTAN SIBU KUCHING 12 (PDB) incl 1 JV KOTA KINABALU LABUAN MIRI BINTULU SANDAKAN TAWAU SENAI PASIR GUDANG

37 Kota Kinabalu Aviation Hydrant System Commissioned in November 2010 Project cost: RM 30 million KLIA 2 Hydrant System via KAFS Extension of the current hydrant system at KLIA Proposed New LCCT Current Main Terminal Satellite Terminal To be completed by March 2012 Estimated project cost: RM 152 million Proposed New Runway Temporary LCCT KAFS

38 Commercial Business is ISO 9001:2008 certified by SIRIM International Standard Work Processes & Procedures Service Excellence Quality Assurance Competent Manpower Continuous Improvement

39 1. Tapping on New Growth Opportunities 2. Personalized relationship and service excellence

40 T H A N K Y O U