Tenaga Nasional Bhd.

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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 2019	MYR	USD
Revenue	50,939.70M	12,295.42M
Gross Profit	11,746.10M	2,835.18M
Operating income	9,016.40M	2,176.30M
Income before tax	5,425.10M	1,309.46M
Net income	4,529.20M	1,093.22M
EBITDA	19,205.30M	4,635.62M
Diluted EPS	0.79	0.19
Dividends Per Share	0.50	0.12
Total Assets	178,847.20M	43,722.57M
Total liabilities	118,533.80M	28,977.82M
Total equity	57,981.80M	14,174.74M
Operating cash flow	18,168.60M	4,385.39M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Aug 2015	Aug 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	43,286.80M	44,531.50M	15,692.20M	50,392.50M	50,939.70M
Gross Profit	10,897M	12,288.70M	4,119.70M	12,116.70M	11,746.10M
Operating income	9,189.40M	10,025.90M	3,280M	9,675.60M	9,016.40M
Income before tax	7,032.60M	7,973.50M	2,843.50M	5,046.60M	5,425.10M
Net income	6,118.40M	7,367.60M	2,622.30M	3,723.70M	4,529.20M
EBITDA	14,483.60M	15,748.10M	5,329.90M	16,166.90M	19,205.30M
Diluted EPS	1.08	1.30	0.46	0.65	0.79
Dividends Per Share	0.29	0.32	0.82	0.53	0.50
Total Assets	117,135M	132,902.20M	144,250M	153,695M	178,847.20M
Total liabilities	68,658.40M	79,283.30M	85,296.90M	93,638.10M	118,533.80M
Total equity	47,208M	52,388.60M	57,065.80M	57,837.80M	57,981.80M
Operating cash flow	11,111.40M	12,586.40M	1,753.50M	11,288.40M	18,168.60M

	Aug 2015	Aug 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	12,078.48M	10,729.41M	3,649.75M	12,487.67M	12,295.42M
Gross Profit	3,040.63M	2,960.83M	958.17M	3,002.61M	2,835.18M
Operating income	2,564.15M	2,415.63M	762.87M	2,397.69M	2,176.30M
Income before tax	1,962.33M	1,921.13M	661.35M	1,250.58M	1,309.46M
Net income	1,707.24M	1,775.14M	609.90M	922.76M	1,093.22M
EBITDA	4,041.41M	3,794.34M	1,239.65M	4,006.29M	4,635.62M
Diluted EPS	0.30	0.31	0.10	0.16	0.19
Dividends Per Share	0.08	0.07	0.19	0.13	0.12
Total Assets	27,889.28M	32,770.85M	35,643.68M	37,191.77M	43,722.57M
Total liabilities	16,347.23M	19,549.57M	21,076.57M	22,658.94M	28,977.82M
Total equity	11,240.00M	12,917.91M	14,100.76M	13,995.83M	14,174.74M
Operating cash flow	3,100.45M	3,032.56M	407.83M	2,797.35M	4,385.39M

Valuation Measures

Dec 2019
PER	16.64
ROA	2.72%
ROE	7.82%
Operating margin	17.70%
Profit margin	8.89%

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) (25.7%)
Employees Provident Fund (16.7%)
Permodalan Nasional Bhd. (9.6%)
Kumpulan Wang Persaraan (6.6%)
Bumiputra Investment Foundation (2.6%)
The Vanguard Group, Inc. (2.4%)
Public Mutual Bhd. (1.9%)
Great Eastern Life Assurance Co. Ltd. (1.6%)
BlackRock Fund Advisors (1.0%)
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 22 May, 2020