Tenaga Nasional Bhd.

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See more articles on Tenaga Nasional Bhd.

Company Background

Tenaga Nasional is a Malaysian state-controlled power company. Its main business is electricity generation and distribution of power throughout the entire country, with the exception of the state of Sarawak. It operates six thermal power stations and three hydroelectric facilities. In 2013, Tenaga used mainly gas (45.5%) and coal (40.5%) to generate electricity that accounted for more than 40% of the country's power needs. The remaining electricity is produced by independent power producers in the private sector.

Electricity is subsidized by the government. Khazanah Nasional and other state institutions own more than half of Tenaga Nasional's shareholdings. President and CEO Azman Mohd has been with the company since 1979, after serving in numerous managerial positions. Outside of Malaysia, Tenaga operates a power generation business in Kuwait and Abu Dhabi, both are run through joint ventures. The company also operates Universiti Tenaga Nasional, a private university.

Business Summary

Tenaga Nasional Bhd. engages in the generation, transmission, distribution, and sale of electricity. It provides its products and services to commercial, industrial, and residential customers. The company was founded on September 1, 1949 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2018	MYR	USD
Revenue	50,392.50M	12,487.67M
Gross Profit	12,116.70M	3,002.61M
Operating income	9,675.60M	2,397.69M
Income before tax	5,046.60M	1,250.58M
Net income	3,723.70M	922.76M
EBITDA	16,166.90M	4,006.29M
Diluted EPS	0.65	0.16
Dividends Per Share	0.53	0.13
Total Assets	153,695M	37,191.77M
Total liabilities	93,638.10M	22,658.94M
Total equity	57,837.80M	13,995.83M
Operating cash flow	11,288.40M	2,797.35M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Aug 2014	Aug 2015	Aug 2016	Dec 2017	Dec 2018
Revenue	42,792.40M	43,286.80M	44,531.50M	15,692.20M	50,392.50M
Gross Profit	9,475.60M	10,897M	12,288.70M	4,119.70M	12,116.70M
Operating income	7,713.20M	9,189.40M	10,025.90M	3,280M	9,675.60M
Income before tax	7,012M	7,032.60M	7,973.50M	2,843.50M	5,046.60M
Net income	6,467M	6,118.40M	7,367.60M	2,622.30M	3,723.70M
EBITDA	12,585.70M	14,483.60M	15,748.10M	5,329.90M	16,166.90M
Diluted EPS	1.14	1.08	1.30	0.46	0.65
Dividends Per Share	0.29	0.29	0.32	0.82	0.53
Total Assets	110,665.40M	117,135M	132,902.20M	144,250M	153,695M
Total liabilities	66,184.60M	68,658.40M	79,283.30M	85,296.90M	93,638.10M
Total equity	43,222M	47,208M	52,388.60M	57,065.80M	57,837.80M
Operating cash flow	10,004.40M	11,111.40M	12,586.40M	1,753.50M	11,288.40M

	Aug 2014	Aug 2015	Aug 2016	Dec 2017	Dec 2018
Revenue	13,225.48M	12,078.48M	10,729.41M	3,649.75M	12,487.67M
Gross Profit	2,928.54M	3,040.63M	2,960.83M	958.17M	3,002.61M
Operating income	2,383.85M	2,564.15M	2,415.63M	762.87M	2,397.69M
Income before tax	2,167.14M	1,962.33M	1,921.13M	661.35M	1,250.58M
Net income	1,998.70M	1,707.24M	1,775.14M	609.90M	922.76M
EBITDA	3,889.75M	4,041.41M	3,794.34M	1,239.65M	4,006.29M
Diluted EPS	0.35	0.30	0.31	0.10	0.16
Dividends Per Share	0.08	0.08	0.07	0.19	0.13
Total Assets	35,109.58M	27,889.28M	32,770.85M	35,643.68M	37,191.77M
Total liabilities	20,997.65M	16,347.23M	19,549.57M	21,076.57M	22,658.94M
Total equity	13,712.56M	11,240.00M	12,917.91M	14,100.76M	13,995.83M
Operating cash flow	3,091.97M	3,100.45M	3,032.56M	407.83M	2,797.35M

Valuation Measures

Dec 2018
PER	20.72
ROA	2.49%
ROE	6.48%
Operating margin	19.20%
Profit margin	7.38%

Key executives

President, CEO & Executive Director: Amir Hamzah bin Azizan
Chief Financial Officer: Nazmi bin Othman
Chief Information Officer: Fazil bin Ibrahim
Chief Corporate Officer: Roslan bin Abdul Rahman
Chief Grid Officer: Husaini bin Husin

Shareholders

Khazanah Nasional Bhd. (Investment Company) (27.2%)
Employees Provident Fund (15.2%)
Permodalan Nasional Bhd. (14.1%)
Kumpulan Wang Persaraan (5.4%)
Bumiputra Investment Foundation (2.7%)
The Vanguard Group, Inc. (2.3%)
Public Mutual Bhd. (1.7%)
Great Eastern Life Assurance Co. Ltd. (1.4%)
BlackRock Fund Advisors (1.1%)
Eastspring Investments (Singapore) Ltd. (1.0%)

Contact Details

Website:http://www.tnb.com.my
Address: Pejabat Setiausaha Syarikat, Level 2, Ibu Pejabat Tenaga Nasional Berhad, Kuala Lumpur, 59200, Malaysia
Phone: +60.3.2296.5566

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Competitors

HF Co. SA

Last Updated on 23 Oct, 2019