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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 2021 MYRUSD
Revenue23,025M5,554.56M
Gross Profit8,578M2,069.36M
Operating income6,647.90M1,603.74M
Income before tax6,981M1,684.09M
Net income7,345M1,771.91M
EBITDA8,297.90M2,001.78M
Diluted EPS0.910.22
Dividends Per Share0.460.11
Total Assets47,989M11,519.20M
Total liabilities11,192M2,686.50M
Total equity35,005M8,402.54M
Operating cash flow8,357M2,016.04M
Currency in MYRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 17,407M 19,576M 16,370M 14,362M 23,025M
Gross Profit 6,366M 6,859M 4,446M 3,525M 8,578M
Operating income 4,996M 5,382M 2,853M 1,898M 6,647.90M
Income before tax 5,220M 5,648M 3,209M 2,173M 6,981M
Net income 4,177M 4,788M 2,811M 1,628M 7,345M
EBITDA 6,605M 7,016M 4,522M 3,568M 8,297.90M
Diluted EPS 0.52 0.59 0.35 0.20 0.91
Dividends Per Share 0.27 0.32 0.18 0.12 0.46
Total Assets 34,729M 38,439M 40,232M 41,242M 47,989M
Total liabilities 5,861M 8,191M 9,694M 8,888M 11,192M
Total equity 27,865M 29,564M 29,933M 30,446M 35,005M
Operating cash flow 5,409M 6,791M 5,670M 3,019M 8,357M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 4,048.59M 4,851.09M 3,951.26M 3,417.72M 5,554.56M
Gross Profit 1,480.63M 1,699.71M 1,073.14M 838.84M 2,069.36M
Operating income 1,161.99M 1,333.70M 688.63M 451.66M 1,603.74M
Income before tax 1,214.08M 1,399.62M 774.56M 517.10M 1,684.09M
Net income 971.50M 1,186.50M 678.49M 387.41M 1,771.91M
EBITDA 1,536.21M 1,738.62M 1,091.48M 849.07M 2,001.78M
Diluted EPS 0.12 0.14 0.08 0.04 0.22
Dividends Per Share 0.06 0.07 0.04 0.02 0.11
Total Assets 8,581.41M 9,301.63M 9,835.47M 10,252.82M 11,519.20M
Total liabilities 1,448.23M 1,982.09M 2,369.88M 2,209.57M 2,686.50M
Total equity 6,885.34M 7,154.02M 7,317.68M 7,568.92M 8,402.54M
Operating cash flow 1,258.04M 1,682.86M 1,368.58M 718.43M 2,016.04M

Valuation Measures

Dec 2021
PER9.71
ROA16.46%
ROE22.44%
Operating margin28.87%
Profit margin31.90%

Key executives

  • Chief Executive Officer, Director & MD: Mohamed Yusri bin Mohamed Yusof
  • Chief Financial Officer: Mohd Azli Ishak
  • Chief Innovation & Technology Officer: Ch'ng Guan How
  • Head-Administration & Corporate Affairs: Norfaila Hassan
  • Chief Commercial Officer: Shakeel Khan

Shareholders

  • Government of Malaysia (64.3%)
  • Employees Provident Fund (8.5%)
  • Permodalan Nasional Bhd. (5.8%)
  • Kumpulan Wang Persaraan (2.7%)
  • The Vanguard Group, Inc. (1.1%)
  • Public Mutual Bhd. (1.1%)
  • Great Eastern Life Assurance Co. Ltd. (0.9%)
  • AIA Bhd. (0.7%)
  • BlackRock Fund Advisors (0.6%)
  • Bumiputra Investment Foundation (0.5%)

Contact Details

  • Website:http://petronas.com/pcg/
  • Address: Tower 1, PETRONAS Twin Towers, Kuala Lumpur, 50088, Malaysia
  • Phone: +60.3.2051.5000

Related Companies

  • PETRONAS Chemicals International BV
  • Petronas Picl Egypt Corp. Ltd.
  • PETRONAS Chemicals Fertiliser Kedah Sdn. Bhd.
  • PETRONAS Chemicals Isononanol Sdn. Bhd.
  • Asean Bintulu Fertilizer Sdn. Bhd.
  • PETRONAS Chemicals Methanol Sdn. Bhd.
  • PRPC Elastomers Sdn. Bhd.
  • PRPC Glycols Sdn. Bhd.
  • PETRONAS Chemicals Fertiliser Sabah Sdn. Bhd.
  • PETRONAS Chemicals Ethylene Sdn. Bhd.
  • PETRONAS Chemicals Ammonia Sdn. Bhd.
  • Kertih Port 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.
  • 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
  • Oriental Union Chemical Corp.
  • Methanex Corporation
  • China Petroleum Engineering Corp Class A
Last Updated on 8 Dec, 2022

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