unaudited financial results 2nd quarter fy2010 · 2015. 10. 2. · 3 months ended 28 th february...

UNAUDITED FINANCIAL RESULTS2nd QUARTER FY2010

20th April 2010

AGENDA

� Highlights Of The Group’s Performance

� Details Of The Group’s Performance

2

� Q & A

Highlights Of The Group’s Performance

“Powering The Nation”

3

“Powering The Nation”

KEY HIGHLIGHTS

3 Months ended 28th February 2010 (2nd Quarter)

• Net profit before forex of RM855.7 million

• 0.7% increase in Group Revenue against a 0.2% decline in Operating Expenses

• EBITDA margin at 32.1%

• Forex translation gain of RM144.4 million

6 Months ended 28th February

4

6 Months ended 28th February

• Net profit before forex of RM1,607.4 million

• 2.8% increase in Group Revenue against a 0.6% decline in Operating Expenses

• Electricity demand growth in Peninsula increased by 8.0%

• EBITDA margin at 30.8% compared to 26.3% for the corresponding period in FY2009

• Forex translation gain of RM99.0 million

FINANCIAL HIGHLIGHTS

RM'mn 2Q 2Q Variance

FY'09 FY'10 %

Revenue 14,321.2 14,727.4 2.8

Operating expenses (12,426.4) (12,346.4) (0.6)

Operating income 156.9 180.8 15.2

Operating profit 2,051.7 2,561.8 24.9

Forex

- Transaction (21.3) 8.9 >100.0

• Group Demand Grew by 7.3%, Revenue Increased by 2.8% Reflecting Tariff Adjustment Effective 1st March’09

• 24.9% Increase in Operating Profit Resulting from Lower Fuel Prices and Higher Demand

• Net Profit Attributable to Equity Holder’s of RM1,706.4mn

5

- Transaction (21.3) 8.9 >100.0

18.1 8.2 (54.7)

Profit/(Loss) before finance cost 2,048.5 2,578.9 25.9

Finance income 102.9 88.4 (14.1)

Finance cost (572.0) (530.9) 7.2

Profit/(Loss) before taxation 1,579.4 2,136.4 35.3

Taxation and Zakat

- Company and subsidiaries (146.2) (446.3) > (100.0)

- Deferred taxation (182.7) (90.1) (50.7)

Profit/(Loss) before Forex Translation Gain/(Loss) 1,250.5 1,600.0 27.9

- Translation Gain / (Loss) (1,536.7) 99.0 > 100.0

Profit/(Loss) for the period (286.2) 1,699.0 > 100.0

Attributable to:

- Equity holders of the Company (269.5) 1,706.4 > 100.0

- Minority interests (16.7) (7.4) (55.7)

(286.2) 1,699.0 > 100.0

Share of results of jointly controlled entities

and associates (net of tax)

RM mn FY2009 FY2010 FY2010 FY2010

6 Months 6 Months 1Q 2Q

Total Units Sold (GWh) 43,167.8 46,335.9 23,117.5 23,218.4

Revenue 14,321.2 14,727.4 7,338.3 7,389.1

Operating Expenses (without deprec iation) 10,708.0 10,372.7 5,259.3 5,113.4

Operating Income 156.9 180.8 82.8 98.0

EBITDA 3,770.1 4,535.5 2,161.8 2,373.7

EBITDA Margin (%) 26.3% 30.8% 29.5% 32.1%

FINANCIAL HIGHLIGHTSYear-On-Year Analysis

Improvement in EBITDA Resulted From Lower Generation Costs

EBITDA Margin (%) 26.3% 30.8% 29.5% 32.1%

Deprec iation and Amortisation 1,718.4 1,973.7 920.6 1,053.1

EBIT 2,051.7 2,561.8 1,241.2 1,320.6

EBIT Margin (%) 14.3% 17.4% 16.9% 17.9%

Finance Cost 572.0 530.9 260.0 270.9

Profit Before Tax & Forex Translation 1,579.4 2,136.4 1,018.5 1,117.9

Net Profit Before Forex Translation 1,267.2 1,607.4 751.7 855.7

Translation Gain / (Loss) (1,536.7) 99.0 (45.4) 144.4

Net Profit attributable to :

Equity Holders (269.5) 1,706.4 706.3 1,000.1

Minority Interest (16.7) (7.4) (8.8) 1.4

6

6.3%

4.6%

4.0%

5.7%

17.6%

12.6%

11.0%

15.0%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

FY'07 FY'08 FY'09 FY'10

-3%

2%

7%

12%

17%

22%

ROA ROE%

Annualised

FINANCIAL & TECHNICAL PERFORMANCE

Financial Ratios

7.1

8.0

6.6

8.5

0

1

2

3

4

5

6

7

8

9

FY'07 FY'08 FY'09 FY'10

Interest Coveragex 66.2

59.5

-6.2

39.3

-10

0

10

20

30

40

50

60

70

FY'07 FY'08 FY'09 FY'10

Basic EPSsen

28.8%

>100%

51.146.2

48.344.9

0

10

20

30

40

50

60

70

80

FY'07 FY'08 FY'09 FY'10

Gearing%

(7.0%)

Annualised

7

Technical Performance

FY'07 FY'08 FY'09 FY'106 months FY'07 FY'08 FY'09 FY'10

6 monthsFY'07 FY'08 FY'09 FY'10

6 months

1.8

3.2

4.1

1.6

0

1

2

3

4

5

FY'07 FY'08 FY'09 FY'10

Unplanned Outage Rate%

6 months

41.9

36.2

42.4

37.8

33

34

35

36

37

38

39

40

41

42

43

FY'07 FY'08 FY'09 FY'10

SAIDImins

6 months

10.5

9.9 9.9 9.9

9

10

11

FY'07 FY'08 FY'09 FY'10

T&D Losses%

6 months

4.84.5

0.70.3

0

1

2

3

4

5

FY'07 FY'08 FY'09 FY'10

System Minutesmins

6 months

PERFORMANCE INDICATORSHeadline Key Performance Indicators

INITIATIVESACTUALFY 2009

TARGETFY 2010

Return on Assets (ROA) (%) * 4.0 4.5

Gearing (%) * 46.5 44 - 46

Unplanned Outage Rate (UOR) (%) ** 2.9 3.6 – 4.0

YTD 1st QTRFY 2010

5.8

45.9

1.4

9.9 2

15.8

45.9

***

YTD 2nd QtrFY 2010

5.7

44.9

1.6

9.9 2

1

8

Note: 1 based on adjusted annualised net profit

2 based on 12-month moving average (as total system)

3 based on YTD (as total system)

* Key drivers are:

- Demand growth at 2.3% (adopted forecast)

- Coal price at USD85/mt

- Gas price at RM10.70/mmbtu

** Excluding KEV

*** Revision made by Distribution

T & D Losses (%) 9.7 9.0 - 9.5

Transmission System Minutes (mins) 1.0 5 - 7

Distribution SAIDI (mins) 68.6 68 - 72

9.9

9.5

0.2

14.2

2

3

*** 9.9

9.5

0.3

37.8

2

3

FY 2009 FY 2010

UNITS SALES 1Q 2Q 3Q 4Q Sept Oct Nov Dec Jan Feb Mar

Indust

rial

Gwh

Gwh

9,825 8,354 8,476 9,605 3,330 3,092 3,429 3,276 3,353 3,402 2,967

Growth

Growth

(%)

(%)

(1.7) (17.1) (14.6) (8.6) (4.9) (4.5) 11.1 9.0 17.8 36.1 13.7

Com

merc

ial

Gwh

Gwh

6,942 6,577 6,916 7,424 2,385 2,323 2,495 2,353 2,465 2,412 2,325

Growth

Growth

(%)

(%)

3.6 0.1 2.9 6.9 1.5 (3.9) 14.6 7.3 9.0 13.7 7.5

ANALYSIS OF ELECTRICITY GROWTH M-O-M IN PENINSULA

Strong Recovery in Electricity Demand GrowthDom

est

ic Gwh

Gwh

4,092 3,968 4,262 4,471 1,541 1,373 1,452 1,370 1,488 1,409 1,558

Growth

Growth

(%)

(%)

3.9 3.4 6.4 11.0 16.9 (6.3) 10.9 4.4 10.1 8.0 13.6

Oth

ers Gwh

Gwh

308 319 306 431 106 106 111 114 125 108 117

Growth

Growth

(%)

(%)

3.2 5.4 3.6 40.2 6.0 (0.9) 10.0 14.0 17.9 (4.4) 18.9

TOTAL Gwh

Gwh

21,167 19,218 19,960 21,931 7,362 6,894 7,487 7,113 7,431 7,331 6,966

Growth

Growth

(%)

(%)

1.1 (7.6) (4.7) 0.6 1.3 (4.6) 12.2 7.6 13.2 21.4 11.7

9

- FY2009 recorded a contraction of 2.6%1st Qtr FY’10

2.7%2nd Qtr FY’10

13.8%

2 Qtr YTD FY 2009 YTD FY 2010

Growth (%) (3.2) 8.0 7 Months FY’10

8.5%

SYSTEM WEEKLY PEAK DEMAND PENINSULA)For FY2005/06 to FY2009/10 (Sept - Aug Period)

13,200

13,700

14,200

14,700

15,200

1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

14,983 MW(15/04/10)

FY2010 Peak Demand has Increased by 5.2% vs FY2009

10

9,700

10,200

10,700

11,200

11,700

12,200

12,700

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

MD

OctSept Nov Dec Jan Feb Mar Apr May Jun Jul Aug

WEEK NO.

FY 2006 12,990 MW Week 52

FY 2007 13,620 MW 8/8/2007

FY 2008 14,007 MW 21/5/2008

FY 2009 14,245 MW 8/12/2009

FY 2010 14,983 MW 15/4/2010

Peak Demand

WEEKLY ELECTRICITY DEMAND GROWTH (PENINSULA)For FY2005/06 to FY2009/10 (Sept - Aug Period)

Strong Recovery in Electricity Demand Growth

Weekly Generation (GWh) - Week Ending 18/04/2010

1,800

1,900

2,000

2,100

Weekly Generation (Gwh) – Week Ending 10th Jan 2010Weekly Generation (Gwh) – Week Ending 18th April 2010

11

1,200

1,300

1,400

1,500

1,600

1,700

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

GW

h

2007 2008 2009 2010

Jan MarFeb Apr May Jun Aug Sep Oct Nov DecJul

INTERIM DIVIDEND

The Board of Directors has approved an interim gross dividend of 6.0 sen per ordinary share less income tax of 25% in respect of the financial year ending 31st August 2010.

The Books Closure period for dividend entitlement & dividend payment dates will be announced later.

12

AGENDA



13

� Q & A

Details Of The Group’s Performance

“Service Excellence 10/10”

14

“Service Excellence 10/10”

ANALYSIS OF ELECTRICITY GROWTH BY SECTORS (GROUP)

4,0005,0006,0007,0008,0009,000

10,00011,00012,00013,00014,00015,00016,00017,00018,00019,00020,000

Gwh

1,200

1,600

2,000

2,400

2,800

3,200

3,600

4,000

4,400

4,800

5,200

5,600

6,000

RM mn

+6.4%

+7.2%

-7.7%

+5.5%

+4.3%

-24.5%

2nd Qtr FY’10 = 2.4%(2nd Qtr FY’09 = 19.5%)

2nd Qtr FY’10 = 7.3%(2nd Qtr FY’09 = -4.5%)

2nd Qtr FY’09 -9.0%

Industrial

2.6% 3.8% -34.9%

Com. Domestic Others+1.8% +9.3%

Both Peninsula and SESB Continue to Report Strong Demand Growth

15

* Includes Specific Agriculture, Mining,

Public Lighting, LPL & EGAT

(-) Indicates Negative Growth

01,0002,0003,0004,0005,000

Industrial Commercial Domestic *Others

6 Months FY'09 6 Months FY'10

0

400

800

1,200

Industrial Commercial Domestic *Others

6 Months FY'09 6 Months FY'10

-7.7%-24.5%

2QFY'09Sen/

2QFY'10Sen/ Growth

KWh KWh %UNITS SOLD GWh GWh - TNB 40,385.4 43,616.9 8.0 - EGAT (Export) 125.6 17.5 (86.1)- SESB 1,881.1 1,980.5 5.3 - LPL 775.7 721.0 (7.1)Total units sold (Gwh) 43,167.8 46,335.9 7.3 REVENUE RM mn RM mn Sales of Electricity

- TNB 13,177.7 32.6 13,614.0 31.2 3.3

- EGAT (Export) 27.7 22.1 5.9 33.7 (78.7)- SESB 463.4 24.6 498.6 25.2 7.6 - LPL 349.4 45.0 230.5 32.0 (34.0)Total Sales of Electricity 14,018.2 32.5 14,349.0 31.0 2.4 Goods & Services 127.9 180.7 41.3 Deferred Income 175.1 181.1 3.4 TOTAL REVENUE 14,321.2 14,710.8 2.7

300

350

400

450

500

550

Sep

Oct

Nov

Dec Jan

Feb

Mar

ch

Apr

il

May

June

July

Aug

GWh

50.00

100.00

150.00

200.00

250.00

300.00

Sep

Oct

Nov

Dec Jan

Feb

Mar

ch

Apr

il

May

June

July

Aug

GWh

SECTORAL ANALYSIS – INDUSTRIAL SECTOR (PENINSULA)

Industrial Sectors Recorded Positive Growth Y-o-Y of 9.4% Mainly Attributed by Petrochemical & Iron & Steel

Y-o-Y (4.8)% Y-o-Y 14.3%

ELECTRONICS PETROCHEMICAL

200.00

250.00

300.00

350.00

400.00

450.00

500.00

550.00

600.00

Sep

Oct

Nov

Dec Jan

Feb

Mar

ch

Apr

il

May

June

July

Aug

GWh

120

140

160

180

200

Sep

Oct

Nov

Dec Jan

Feb

Mar

ch

Apr

il

May

June

July

Aug

GWh

16* Source : Top 1,000 PRIME customers database (PRIME customer YTD unit sales equivalent to 37.6% of total YTD unit sales)

* PRIME customers for 4 sectors above attributes 44.1% from the whole PRIME customers YTD unit sales

FY2008 FY2009 FY2010

Y-o-Y (8.8)%Y-o-Y 30.9%

IRON & STEEL CEMENT & CONCRETE

SECTORAL ANALYSIS – COMMERCIAL SECTOR (PENINSULA)

Strong Growth from Commercial Sub-sectors

Low Voltage

Shop Lots & Retail Business

1300

1350

1400

1450

1500

1550

1600

1650

1700

1750

S…

Oct N…

Dec

Jan

Feb

Mar

Apr M…

Jun

Jul

Aug

(GWh)

Y-o-Y 7.5%

17FY2007 FY2008 FY2009 FY2010

Medium Voltage

Shopping Malls, 3 Star Hotels, Office Buildings

Medium Voltage (Peak/Off-Peak)

Mega Shopping Malls, 4-5 Star Hotels, Hospitals, Airports, Ports

300

350

400

450

500

550

600

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

(GWh)

Y-o-Y 8.1%

150

160

170

180

190

200

210

220

230

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

(GWh)

Y- o-Y 7.4%

Oct

Dec

Jan

Feb

Mar

Apr M

Jun

Jul

Aug

OPERATING EXPENSES

RM'mn

RM mn

Revenue 14,321.2 14,727.4 406.2

Total IPP Purchases 5,710.8 5,905.3 194.5

2QFY'09 2QFY'10Variance

0.6% Decline in Operating Expenses due to Lower Generation Costs

18

Fuel Costs 2,755.0 2,068.6 (686.4)

Repair & Maintenance 451.4 484.4 33.0

Staff costs 1,296.9 1,361.9 65.0

TNB General Expenses 299.4 339.0 39.6

Main Subs.Gen Exp & Cost of Sales, Other

Subsidiaries & Provisions194.5 213.5 19.0

Depreciation & Amortisation 1,718.4 1,973.7 255.3

12,426.4 12,346.4 (80.0)

COST PER UNIT

3.8 1.4

1.01.0

2.7 2.7

0.9 0.8

3.5 3.8

1.1 0.9

COMPANY

Average selling price : 31.2 sen/kwh

GROUP

Average selling price : 31.0 sen/kwh

30.4

4.5

1.01.0

3.02.9

1.11.2

4.0 4.3

1.3 1.1

6.4

30.0 27.7

• 7.7% Decline In Cost Per Unit Sold• Significant Improvement in Margin at Group Level from 2.5 sen/kwh to 3.3 sen/kwh in FY2010

27.9

19IPP

Fuel

R&M

Staff Cost

Depreciation

General Exp & Other Subsidiary Cost

Finance Cost

* Company’s IPP cost includes TNBJ & KEV

17.417.3

YTD 2Qtr FY 2009 YTD 2Qtr FY 2010

69.7%

13.2 12.7

4.56.4

2 Qtr FY 2009 2 Qtr FY 2010

65.3%67.0% 62.1%

YTD FY’09

32.5 31.0

30.0 27.7

2.5 3.3MARGIN

YTD FY’10

CPU

ASP

Fuel

Type YTD FY'09 YTD FY'10 Gwh %

Gas 29,575.0 26,977.2 (2,597.8) (8.8)

Coal 11,041.6 18,295.4 7,253.8 65.7

Dist. 22.0 54.3 32.3 > 200.0

Oil 1.2 139.9 138.7 > 200.0

Hydro 3,053.2 3,053.1 (0.1) (0.0)

Total 43,693.0 48,519.9 4,826.9 11.0

Units Generated (Gwh)

Variance 2nd Qtr

INDUSTRY GENERATION IN PENINSULA (TNB & IPPs)Y-o-Y Analysis

Fuel

Type YTD FY'09 YTD FY'10 RM mn %

Gas 3,501.2 2,607.8 (893.4) (25.5)

Coal* 1,835.5 2,286.0 450.5 24.5

Dist. 28.3 47.0 18.7 66.1

Oil 1.5 51.1 49.6 > 200.0

Hydro 0.0 0.0 - -

Total 5,366.5 4,991.9 (374.6) (7.0)

Fuel Cost (RM mn)

Variance 2nd Qtr

Coal Generation Increased to 37.7% from Reduction in Gas Allocation & Higher Demand

* Includes fuel adj:

YTD FY2009 = RM383.1mn

YTD FY2010 = (RM334.8mn)

20

DISTILLATE

RM47.0mn

0.9%

COAL

RM2,286.0mn

45.8%

GAS

RM2,607.8mn

52.3%

IPP

15,725.3

32.4%

TNB

11,251.9

23.2%

IPP

9,878.9

20.4% TNB

8,416.5

17.3%

Oil

139.9

0.3%

Distil.TNB

54.3

0.1%

Distil.IPP

0.0

0.0%

Hydro

3,053.1

6.3%

COAL

18,295.4Gwh

37.7%

GAS

26,977.2Gwh

55.6%

IPP

17.4

0.3%

TNB

29.6

0.6%

Oil

51.1

1.0%

TNB

905.3

18.1%

IPP

1,380.7

27.7%

TNB

981.2

19.7%

IPP

1,626.6

32.6%

TOTAL : 48,519.9Gwh

Fuel Cost/Gwh : 10.29senTOTAL : RM 4,991.9mn

12.6 12.5

11.6

A B C D E F G H I J K L

12.0

14.0

16.0

18.0

20.0

Tonne (mn)

COAL REQUIREMENT

Coal Procurement Estimate for FY2010 at 18.8 mn MT

18.8

9%

37%

Index Linked

Ongoing

negotiations

7.6 7.98.6

0.0

2.0

4.0

6.0

8.0

10.0

FY'04 FY'05 FY'06 FY'07 FY'08 FY'09 FY'10

Tonne (mn)

Total Consumption Estimated

21

54%Fixed Price

Index Linked

ANALYSIS OF DEBT EXPOSURE & FOREX

USD Exposure Reduced by 5.8% Resulting from Strengthening of RM

Yen

RM5.58bn

USD

RM5.13bnRM

RM11.69bn

31st Aug’09

* Total Debt RM22.6 bn

28th Feb’10


Others

RM0.02bn

Yen

RM5.47bn

USD

RM5.49bn

RM

RM11.62bn

51.4%

0.1%24.3%

24.2% 52.2%

24.9%

22.9%

USD:RM 100 YEN:RM

31/08/09 3.526 3.754

30/09/09 3.471 3.865

31/10/09 3.413 3.746

Exchange Rate

22


Net Debt RM16.5 bn

Gearing (%) 46.5

Net Gearing (%) 33.8

Fixed:Floating 92.9% : 7.1%[ Based on final exposure, Fixed:Floating 98.7% : 1.3% ]

Weighted Average Cost of Debt 5.16%[ Based on final exposure, 5.32% ]

USD/RM : 3.53

100YEN/RM : 3.75

USD/YEN : 94.13


Net Debt RM15.3 bn

Gearing (%) 44.9

Net Gearing (%) 30.7

Fixed:Floating 93.9% : 6.1%[ Based on final exposure, Fixed:Floating 98.8% : 1.2% ]

Weighted Average Cost of Debt 5.06%[ Based on final exposure, 5.26% ]

USD/RM : 3.41

100YEN/RM : 3.82

USD/YEN : 89.27

31/10/09 3.413 3.746

30/11/09 3.386 3.931

31/12/09 3.424 3.711

31/01/10 3.414 3.785

28/02/10 3.410 3.820

31/03/10 3.263 3.501

19/04/10 3.217 3.504

DEBT EXPOSURE & FOREX

209.7

18.6

210.1

18.4

150.0

250.0

350.0

RM

Ex. Rate 31/08/09 1QFY’10 2QFY’10 28/2/2010 19/4/2010

1USD:RM 3.53 3.39 3.41 3.41 3.22

100JPY:RM 3.75 3.93 3.82 3.82 3.50

RM99.0mn Translation Gain Principally from USD Exposure

23

209.7

(254.9)

(0.2)

0.4

125.4210.1

(129.5)

(350.0)

(250.0)

(150.0)

(50.0)

50.0

1QFY2010 2QFY2010 As at 28 Feb 2010

USD Loans Yen Loans Others

(45.4) 144.4 99.0

CAPITAL EXPENDITURE

• 66.3% of Total Capex Incurred are Carried Forward Projects• 70.6% of Total Capex Incurred Relates to New Supply and System Improvement

2QFY'09 2QFY'10

RM mn RM mn

1,887.4 1,712.1

Carried

Forward

Projects

New

ProjectsOTHERS*

222.6

OTHERS*

181.5Assoc. with Gen. :

New Supply :

Sys. Improvement :

Others :

-

-

-

15.6

38.1

11.6

11.5

145.8

New Supply : RM601.6 mn

Sys. Improvement : RM607.2 mn

24

1,489.5

Assoc. with Gen. : 182.8 20.3

* Includes SESB

TOTAL CORE

BUSINESS

Generation

381.4

Generation

203.1

Distribution

952.5

Distribution

845.9

Transmission

440.5

Transmission

372.0

4.2

0.5

14.1

60.3

319.0

42.4

New Supply :

Sys. Improvement :

Others :

244.7

80.4

5.2

New Supply :

Sys. Improvement :

Others :

280.8

195.8

39.0

3 Mths 6 Mths 9 Mths 12 Mths 3 Mths 6 Mths 3 Mths 6 Mths 9 Mths 12 Mths 3 Mths 6 Mths

Cashflow From Operations 778.1 2,486.9 4,711.5 7,409.9 1,550.0 3,246.2 301.8 1,831.2 3,524.8 5,930.4 1,022.1 2,337.0

(-) Capex (683.4) (1,800.5) (2,795.8) (4,128.4) (635.8) (1,408.9) (601.8) (1,638.3) (2,467.1) (3,575.1) (557.2) (1,201.9)

(-) Interest Servicing (258.2) (617.3) (857.5) (1,188.8) (234.9) (553.5) (180.2) (438.7) (596.0) (829.8) (169.7) (395.0)

(+) Dividend from Subs/ 0.0 54.0 54.0 54.0 17.4 0.0 54.0 54.0 54.1 16.4 18.0

Assocs.

FREE CASH FLOW (163.5) 123.1 1,112.2 2,146.7 679.3 1,301.2 (480.2) (191.8) 515.7 1,579.6 311.6 758.1

(+) New Debt 330.7 628.0 652.1 592.2 109.1 424.2 40.2 65.0 249.2 289.0 53.4 129.0

FY2010

Company

FY2009FY2009 FY2010

Group

CASHFLOW

Cash Balance Continues to Improve

25

(-) Repayment (438.7) (1,404.8) (1,615.8) (1,796.7) (393.7) (578.9) (120.4) (754.0) (1,139.9) (1,178.2) (237.6) (283.1)

(+) Proceeds from 0.8 0.8 1.6 15.2 17.6 32.7 0.8 0.8 1.6 15.2 17.6 32.7

Issuance of Shares

Cash Flow After

Debt Service (270.7) (652.9) 150.1 957.4 412.3 1,179.2 (559.6) (880.0) (373.4) 705.6 145.0 636.7

Others 53.4 (208.3) (438.8) (174.5) 85.8 (269.7) 45.3 (207.2) 315.9 271.2 42.9 (399.3)

Net Cash (217.3) (861.2) (288.7) 782.9 498.1 909.5 (514.3) (1,087.2) (689.3) 976.8 187.9 237.4

Currency translation

differences 2.0 2.6 (1.9) (2.9) (5.2) (0.9) 0.0 0.0 0.0 0.0 0.0 0.0

Cash Balance 5,168.6 4,525.3 5,093.3 6,163.9 6,656.8 7,072.5 3,698.6 3,125.8 3,523.7 5,189.8 5,377.7 5,427.2

Cash Balance as at 28th Feb 2010 (RM mn)

TNB KEV SESB LPL MTM TNBJ TNEC UNITEN TSG TNB ES ILSAS OTHERS GROUP

5,427.2 363.4 452.2 12.2 45.3 521.4 17.6 22.8 29.4 6.7 39.8 134.5 7,072.5

SHAREHOLDING

Foreign Shareholding

Main Shareholding

1.93

3.22

12.52

14.30

25.70

17.64

10.01

9.72

9.80

9.35

9.37

8.51

8.62

8.77

1.0

11.0

21.0

31.0Aug'03

Aug'04

Aug'05

Aug'06

Aug'07

Aug'08

Aug'09

Sep'09

Oct'09

Nov'09

Dec'09

Jan'10

Feb'10

Mar'10

%

26

Main Shareholding

Aug'07 Aug'08 Aug'09 Feb'10

Variance

(Feb'10 &

Aug'09)

Name % % % % %

Khazanah Nasional Berhad 37.67 37.80 37.78 35.73 (5.43)

Employees Provident Fund Board 10.06 11.32 13.99 16.15 15.44

Skim Amanah Saham Bumiputera 7.23 8.94 9.60 9.19 (4.27)

Kumpulan Wang Persaraan 3.23 3.53 3.15 2.36 (25.08)

Other Corporations & Govt. Agencies 9.90 17.14 19.51 22.00 12.76

Subtotal 68.09 78.73 84.03 85.43 1.67

Foreign 25.67 17.64 10.01 8.62 (13.89)

Malaysian Public 6.24 3.63 5.96 5.95 (0.17)

Total 100.00 100.00 100.00 100.00 0.00

Paid Up Capital (mn shares) 4,331.71 4,334.50 4,337.00 4,337.00 0.00

AGENDA



27

� Q & A

We now open the session for

Q&A

28

Q&A

DISCLAIMER

All information contained herein is meant strictly for the use of this

presentation only and should not be used or relied on by any party for any

other purpose and without the prior written approval of TNB. The

information contained herein is the property of TNB and it is privileged

29

information contained herein is the property of TNB and it is privileged

and confidential in nature. TNB has the sole copyright to such information

and you are prohibited from disseminating, distributing, copying, re-

producing, using and/or disclosing this information.

THANK YOU

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unaudited financial results 2nd quarter fy2010 · 2015. 10. 2. · 3 months ended 28 th february...

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