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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; Fertilizers and Methanol; and Others. 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 consists of methanol, nitrogen, phosphate and compound fertilizers. The company was founded on March 25, 1998 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2020 MYRUSD
Revenue14,362M3,417.72M
Gross Profit3,525M838.84M
Operating income1,898M451.66M
Income before tax2,173M517.10M
Net income1,628M387.41M
EBITDA3,568M849.07M
Diluted EPS0.200.04
Dividends Per Share0.120.02
Total Assets41,242M10,252.82M
Total liabilities8,888M2,209.57M
Total equity30,446M7,568.92M
Operating cash flow3,019M718.43M
Currency in MYRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 13,860M 17,407M 19,576M 16,370M 14,362M
Gross Profit 5,303M 6,366M 6,859M 4,446M 3,525M
Operating income 4,185M 4,996M 5,382M 2,853M 1,898M
Income before tax 4,093M 5,220M 5,648M 3,209M 2,173M
Net income 2,932M 4,177M 4,788M 2,811M 1,628M
EBITDA 5,543M 6,605M 7,016M 4,522M 3,568M
Diluted EPS 0.36 0.52 0.59 0.35 0.20
Dividends Per Share 0.19 0.27 0.32 0.18 0.12
Total Assets 32,840M 34,729M 38,439M 40,232M 41,242M
Total liabilities 4,527M 5,861M 8,191M 9,694M 8,888M
Total equity 27,042M 27,865M 29,564M 29,933M 30,446M
Operating cash flow 4,022M 5,409M 6,791M 5,670M 3,019M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 3,345.63M 4,048.59M 4,851.09M 3,951.26M 3,417.72M
Gross Profit 1,280.07M 1,480.63M 1,699.71M 1,073.14M 838.84M
Operating income 1,010.20M 1,161.99M 1,333.70M 688.63M 451.66M
Income before tax 987.99M 1,214.08M 1,399.62M 774.56M 517.10M
Net income 707.74M 971.50M 1,186.50M 678.49M 387.41M
EBITDA 1,338.01M 1,536.21M 1,738.62M 1,091.48M 849.07M
Diluted EPS 0.08 0.12 0.14 0.08 0.04
Dividends Per Share 0.04 0.06 0.07 0.04 0.02
Total Assets 7,320.55M 8,581.41M 9,301.63M 9,835.47M 10,252.82M
Total liabilities 1,009.13M 1,448.23M 1,982.09M 2,369.88M 2,209.57M
Total equity 6,028.08M 6,885.34M 7,154.02M 7,317.68M 7,568.92M
Operating cash flow 970.86M 1,258.04M 1,682.86M 1,368.58M 718.43M

Valuation Measures

Dec 2020
PER36.51
ROA3.99%
ROE5.39%
Operating margin13.21%
Profit margin11.33%

Key executives

  • CEO, MD & Non-Independent Executive Director: Sazali bin Hamzah
  • Chief Financial Officer: Mohd Azli Ishak
  • 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 (7.9%)
  • Permodalan Nasional Bhd. (6.0%)
  • Kumpulan Wang Persaraan (2.6%)
  • Public Mutual Bhd. (1.1%)
  • The Vanguard Group, Inc. (1.0%)
  • Great Eastern Life Assurance Co. Ltd. (0.8%)
  • AIA Bhd. (0.6%)
  • BlackRock Fund Advisors (0.5%)
  • Lembaga Tabung Haji (0.5%)

Contact Details

Related Companies

  • Petronas Picl Egypt Corp. Ltd.
  • PETRONAS Chemicals Isononanol Sdn. Bhd.
  • 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

  • Oriental Union Chemical Corp.
  • PT Chandra Asri Petrochemical Tbk
  • Methanex Corporation
Last Updated on 27 Jul, 2021

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