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Process Industries

PETRONAS Chemicals Group Bhd.

Company Background

Petronas Chemicals Group is a leading chemical producer in Southeast Asia. It has several plants in Malaysia and production capacity of more than 10 million metric tons a year. The company makes a variety of chemicals used in fertilizers and plastics, including olefins, polymers and methanol. Its products are sold in more than 30 countries, particularly in Asia-Pacific.

Petronas Chemicals is led by Chairman Wan Zulkiflee Wan Ariffin, who is also a director of holding company, Petronas, the state-owned oil and gas company. Zulkiflee, a process engineer, joined Petronas in 1983.

Petronas Chemicals is one of Petronas' five listed subsidiaries. The parent company is not listed.

Business Summary

PETRONAS Chemicals Group Bhd. operates as an investment holding company. The firm engages in the manufacture, marketing and sale of chemical products. It operates through the following segments: Olefins and Derivatives and Fertilizers and Methanol. The Olefins and Derivatives segment produces olefin and polymer which are used as basic feedstock to intermediate products including basic performance chemicals. The Fertilizers and Methanol segment includes methanol, nitrogen, phosphate and compound fertilizers. The company was founded on March 25, 1998 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2019 MYRUSD
Revenue16,370M3,951.26M
Gross Profit4,446M1,073.14M
Operating income2,853M688.63M
Income before tax3,209M774.56M
Net income2,811M678.49M
EBITDA4,522M1,091.48M
Diluted EPS0.350.08
Dividends Per Share0.180.04
Total Assets40,232M9,835.47M
Total liabilities9,694M2,369.88M
Total equity29,933M7,317.68M
Operating cash flow5,670M1,368.58M
Currency in MYRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 13,536M 13,860M 17,407M 19,576M 16,370M
Gross Profit 4,518M 5,303M 6,366M 6,859M 4,446M
Operating income 3,339M 4,185M 4,996M 5,382M 2,853M
Income before tax 3,746M 4,093M 5,220M 5,648M 3,209M
Net income 2,782M 2,932M 4,177M 4,788M 2,811M
EBITDA 4,647M 5,543M 6,605M 7,016M 4,522M
Diluted EPS 0.35 0.36 0.52 0.59 0.35
Dividends Per Share 0.18 0.19 0.27 0.32 0.18
Total Assets 31,814M 32,840M 34,729M 38,439M 40,232M
Total liabilities 5,224M 4,527M 5,861M 8,191M 9,694M
Total equity 24,783M 27,042M 27,865M 29,564M 29,933M
Operating cash flow 4,488M 4,022M 5,409M 6,791M 5,670M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,462.18M 3,345.63M 4,048.59M 4,851.09M 3,951.26M
Gross Profit 1,155.59M 1,280.07M 1,480.63M 1,699.71M 1,073.14M
Operating income 854.03M 1,010.20M 1,161.99M 1,333.70M 688.63M
Income before tax 958.13M 987.99M 1,214.08M 1,399.62M 774.56M
Net income 711.56M 707.74M 971.50M 1,186.50M 678.49M
EBITDA 1,188.59M 1,338.01M 1,536.21M 1,738.62M 1,091.48M
Diluted EPS 0.08 0.08 0.12 0.14 0.08
Dividends Per Share 0.04 0.04 0.06 0.07 0.04
Total Assets 7,409.80M 7,320.55M 8,581.41M 9,301.63M 9,835.47M
Total liabilities 1,216.72M 1,009.13M 1,448.23M 1,982.09M 2,369.88M
Total equity 5,772.21M 6,028.08M 6,885.34M 7,154.02M 7,317.68M
Operating cash flow 1,147.92M 970.86M 1,258.04M 1,682.86M 1,368.58M

Valuation Measures

Dec 2019
PER20.91
ROA7.14%
ROE9.44%
Operating margin17.42%
Profit margin17.17%

Key executives

  • CEO, MD & Non-Independent Executive Director: Sazali bin Hamzah
  • Chief Financial Officer: Rashidah binti Alias
  • Chief Innovation & Technology Officer: Ch'ng Guan How
  • Head-Corporate Affairs & Administration: Norfaila Hassan
  • Head-Strategic Planning & Ventures: Akbar M. Thayoob

Shareholders

  • Government of Malaysia (64.3%)
  • Employees Provident Fund (8.8%)
  • Permodalan Nasional Bhd. (6.0%)
  • Kumpulan Wang Persaraan (1.8%)
  • Public Mutual Bhd. (1.3%)
  • The Vanguard Group, Inc. (1.2%)
  • Great Eastern Life Assurance Co. Ltd. (0.8%)
  • BlackRock Fund Advisors (0.5%)
  • Lembaga Tabung Haji (0.5%)
  • Eastspring Investments (Singapore) Ltd. (0.4%)

Contact Details

Related Companies

  • PRPC Elastomers Sdn. Bhd.
  • PRPC Glycols Sdn. Bhd.
  • PETRONAS Chemicals Fertiliser Sabah Sdn. Bhd.
  • Petronas Ammonia Sdn. Bhd.
  • Styrene Monomer (Malaysia) Sdn. Bhd.
  • Vinyl Chloride (Malaysia) Sdn. Bhd.
  • Polypropylene Malaysia Sdn. Bhd.
  • Petronas Chemicals LDPE Sdn. Bhd.
  • Asean Bintulu Fertiliser Sdn. Bhd.
  • Petronas Chemicals Polyethylene Sdn. Bhd.
  • Petrochem Middle East (India) Pvt Ltd.
  • BRB International BV
  • Petronas Chemicals Aromatics Sdn. Bhd.
  • PETRONAS Chemicals Marketing Sdn. Bhd.
  • Petronas Methanol Sdn. Bhd.
  • Ethylene Malaysia Sdn. Bhd.
  • Petronas Chemicals MTBE Sdn. Bhd.
  • Petronas Fertilizer Kedah Sdn. Bhd.
  • Petronas Chemicals Olefins Sdn. Bhd.
  • Petronas Chemicals Derivatives Sdn. Bhd.
  • Petronas Chemicals Glycols Sdn. Bhd.

Competitors

  • PT Chandra Asri Petrochemical Tbk
Last Updated on 20 Oct, 2020

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