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Facts & Figures | 3

ABOUT MALAKOFF

Malakoff Corporation Berhad (“Malakoff”) is the


leading Independent Power Producer in Malaysia
with the core focus on power generation,
water desalination, as well as captive electricity
distribution and district cooling. Backed by
decades of technical expertise, Malakoff offers
comprehensive solutions in Operations and
Maintenance (O&M) services for power and water
plants. Currently, Malakoff is Malaysia’s largest
independent power producer (IPP), with a net
generating capacity of 5,020 MW from its six (6)
power plants that run on coal and gas.
On the international front, Malakoff has interests in power and
water desalination plants located in the Middle East & North Africa.

At Malakoff, we aim to work together with all stakeholders in


productive partnerships. We believe that long-term partnerships
re-enforce our success. As an asset-centred organisation, we
maximise the value of assets we manage for our shareholders and
partners. We do this by fully understanding the elements of cost, risk
and performance unique to the environments in which we operate.

Malakoff will continue to play a key role in the nation’s


industrialisation drive, offering specialised services in power
generation, operations & maintenance, electricity distribution and
project management.
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LOCAL & OVERSEAS ASSETS

Asset Portfolio
1 Tanjung Bin Power Sdn. Bhd.
Capacity : 2,100 MW Coal-Fired
Location : Johor, Malaysia

2 Port Dickson Power Bhd.


Capacity : 440 MW Open Cycle Gas Turbine (OCGT)
Location : Negeri Sembilan, Malaysia

3 Kapar Energy Ventures Sdn. Bhd.


Capacity : 2,420 MW Coal, Oil and Gas
Location : Selangor, Malaysia

8 GB3 Power Plant Sdn. Bhd.


4
Capacity : 640 MW Combined Cycle Gas Turbine (CCGT)
Location : Perak, Malaysia
9
7 5 Lumut Power Plant
Capacity : 1,303 MW Combined Cycle Gas Turbine (CCGT)
Location : Perak, Malaysia

6 Prai Power Plant


4
Capacity : 350 MW Combined Cycle Gas Turbine (CCGT)
3
Location : Penang, Malaysia

Shuaibah Water And Electricity Company


7
Shuaibah Expansion Project Company
Capacity : 900 MW, 880,000 m3/day + 150,000 m3/day (expansion)
6 water desalination
5 Location : Jeddah, Saudi Arabia
4
3
2 8 Souk Tleta Seawater Desalination Plant,
1
Algeria: Almiyah Attilemcania SPA
Capacity : 200,000 m3/day water desalination
Location : Tlemcen, Algeria

9 Al Hidd
Capacity : 929 MW, 410,000 m3/day water desalination
Location : Bahrain
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CORE BUSINESSES SHAREHOLDING as at 30 April 2012

Power Generation & Water Desalination


Malakoff’s power generation and water desalination assets are held
6.5%
Standard Chartered IL & FS
through a number of subsidiary and associate companies located Asia Infrastructure Growth
Fund Company Pte Limited
in Malaysia and abroad. In Malaysia, Malakoff owns an effective
generation capacity of 5,020 MW comprising of six (6) power
stations that run on gas, oil and coal. 10%
Kumpulan Wang Persaraan
2.5%
SEASAF Power Sdn. Bhd.
(Diperbadankan)

Operations & Maintenance


Teknik Janakuasa Sdn. Bhd, a wholly owned subsidiary of Malakoff
30%
Employees
was incorporated in 1993 as engineering services company Provident Fund
specialising in the provision of Operation & Maintenance (O&M)
services for the power generation sector. TJSB continues to
provide support and expertise to the group, ensuring that the
assets are not only managed and maintained efficiently, but cost
effectively through the implementation of the latest O&M tools
and methodologies, together with strength and capabilities of the
technical support team.

Electricity Distribution &


Chilled Water Supply
Electricity distribution activities are carried out by the wholly- 22.24%
owned subsidiary, Malakoff Utilities Sdn. Bhd. (formerly known as
Wirazone Sdn. Bhd.). Malakoff Utilities currently supplies centralised
Anglo-Oriental (Annuities)
Sdn. Bhd.* 28.76%
MMC Corporation Berhad (”MMC”)
chilled water and distributes electricity to the landmark Kuala
Lumpur Sentral development (“KL Sentral”), which is set to become
*wholly-owned subsidiary of MMC
the transportation and communications hub of the nation.
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GROUP FINANCIAL & HIGHLIGHTS

FY2010 FY2011
RM’000 RM’000
Revenue 5,174,342 5,691,778
Profit before tax 135,708 633,848
PATMI 127,928 462,825
Paid-up capital 351,344 351,344
Shareholders’ funds 3,168,461 3,452,286
Total assets employed 21,997,814 21,814,646
Dividend Paid 174,000 179,000
Per share (sen) earnings 36 132
Net assets per share 9.02 9.83

463 3,452 21,998 21,815 132 9.83


5,692
3,168 9.02
5,174

36
128
RM Million 2010 2011 RM Million 2010 2011 RM Million 2010 2011 RM Million 2010 2011 SEN 2010 2011 RM 2010 2011
REVENUE PROFIT AFTER TAX SHAREHOLDERS’ TOTAL ASSETS EARNINGS NET ASSETS
RM 5,692 & MINORITY FUNDS EMPLOYED PER SHARE PER SHARE
INTEREST
RM 3,452 RM 21,815 132 sen RM 9.83
million
RM 463
million
million million
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KEY FIGURES* GLOBAL PRESENCE

Malakoff Corporation Berhad (Malakoff ) is the


leading independent power and water producer
based in Malaysia with assets of approximately
RM15 billion (US$4.1 billion).

In Malaysia, Malakoff owns a net generating capacity of 5,020 MW


comprising of six (6) power plants with a combined gross
generating capacity of 7,263 MW.

Malakoff’s generating assets consist of Open Cycle Gas Turbine


Total Assets: (“OCGT”), Combined Cycle Gas Turbine (“CCGT”), coal-fired and
conventional steam plants.
RM15 billion
(US$4.1 billion) Teknik Janakuasa Sdn. Bhd., a wholly-owned subsidiary of Malakoff,
also operates and maintains four (4) power plants with a combined
capacity of 4,393 MW.
Generation Capacity:

5,020 MW = 23% of Abroad, Malakoff’s net equity interests include 479.6 MW of


power and 358,550 m3/day of water desalination from its project
Peninsular Malaysia’s participation in Saudi Arabia, Algeria and Bahrain.
total installed capacity
Staff:

>750
* As at June 2012
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PROJECT HIGHLIGHTS

Tanjung Bin Power Plant Shuaibah III, Saudi Arabia


(700 MW x 3, Coal) (900 MW, 880,000 m3/day +
Tanjung Bin is the first private coal-fired plant in Malaysia as well as the
biggest coal-fired IPP in South-East Asia. It incorporates clean technologies 150,000 m3/day desalination plant)
such as Electrostatic Precipitators (ESP) and Flue Gas Desulphurisation Shuaibah III is the first independent water and power plant in Saudi Arabia and
(FDG). The construction of the Tanjung Bin power plant was completed on one of the largest IWPP projects in the world.
schedule, within 48 months and 16 days from its commencement date. The
project was also completed below budget. Souk Tleta Desalination Plant, Algeria
Lumut Power Plant
(200,000 m3/day desalination plant)
Souk Tleta desalination plant is Malakoff’s first project in Northern Africa. At
(651.5 MW x 2 CCGT) more than 440,000 m3/day of filtration flow, the ultrafiltration pre-treatment
is one of the biggest ultrafiltration plants in the world. The plant produces
Block 1 and 2 achieved COD one month and six months ahead of schedule,
200,000 m3/day of portable water from sea water, using reverse osmosis
respectively. Lumut is also one of the largest CCGT plants in Asia.
(“SWRO”) technology and serves the Wilaya of Tlemcen in Algeria.

GB3 Power Plant


Al Hidd Water and Power Plant, Bahrain
(640 MW x 1 CCGT) (929 MW, 410,000 m3/day
GB3 is an additional CCGT block adjacent to Lumut Power Plant. The project
managed to achieve COD more than two months ahead of schedule. It has
similar configurations with Block 1 & 2 of Lumut Power Plant.
desalination plant)
Al Hidd Water and Power Plant is amongst the largest independent water
and power projects in Bahrain, providing approximately 39% and 62% of the
Prai Power Plant Kingdom’s current power and water supply respectively. This plant uses two
different distillation methods for the water desalination process, which are the
(350 MW x 1 CCGT) Multi-Stage Flash and the Multi Effect Distillation.
Prai is a single-shaft plant and the first of its kind in South-East Asia. Prai
Power Plant has also the highest thermal efficiency rate in Malaysia.

Kapar Power Plant


(2,420 MW Coal, Oil and Gas)
Kapar Power Plant is a multi-fuel thermal power station, with four (4)
generating facilities with a total of eight (8) Units, comprising six (6) steam
turbines and two (2) gas turbines, where either coal or gas is used as primary
fuels.
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EXPERTISE

Project Management Experience


Operation and Maintenance Experience

Configuration O&M Term


Plant Name Generating Generation Type COD
Capacity (MW) (Years)
Block 1
3 x 143.3 (GT)
Segari Energy Venture (SEV), 1 x 221.5 (ST)
Lumut Power Plant (LPP), 1,303 MW CCGT 1996 21
Malaysia Block 2
3 x 143.3 (GT)
1 x 221.5 (ST)
Block 3
GB3, OCGT 2001
3 x 143 (GT) 640 MW 21
Malaysia CCGT 2002
1 x 221 (ST)
Prai Power Plant,
1 x 350 350 MW CCGT (Single-shaft) 2003 21
Malaysia
O&M Via Subcontracting
Tanjung Bin Power,
3 x 700 (Coal) 2.100 MW Coal Fired 2006 25
Malaysia
Az Zour,
5 x 160 (GT) 800 MW OCGT 2008 5
Kuwait
Shuaibah-III 2009
3 x 300 (thermal)
Water and Electricity Company, 900 MW IWPP (expansion) 20
880,000 m3/day
Saudi Arabia & 2010
Souk Tleta,
13 x RO Train 200,000 m3/day IWP 2011 25
Algeria
CUF Kerteh,
6 x 36 (GT) 216 COGEN 1999 5
CUF Gebeng,
3 x 36 (GT) 108 COGEN 1999 5
Malaysia
Note : RO = Reverse Osmosis
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Project Management Experience (Cont,d)


Electricity Distribution & Chilled Water Supply

Plant Name Configuration Capacity Distribute Plant Type COD


Malakoff Utilities Sdn. Bhd.
Electrical Distribution System (EDS) 6 x 30 MVA 100 MW Bulk Supply 1999

District Cooling System (DCS) 2 x 3,000 RT 17,000 RT Conventional & Thermal Ice Storage 2001
1 x 1,000 RT
3 x 2,380 / 1,800 RT
32,000 RTh

Note : MVA = Megavolt Ampere


RT = Refridgerated Tonnes
RTh = Refridgerated Tonnes / hour

Project Development Experience


Construction Experience

Station Location MW COD Remarks


1,303 Block 1 : July 1996 1 month early and on budget
Lumut Malaysia
CCGT Block 2 : January 1997 6 months early and on budget
640 OCGT : First unit COD in December 2001
GB3 Malaysia 2 months early and on budget
CCGT CCGT : November 2002
U10 : September 2006
Tanjung 2,100
Malaysia U20 : February 2007 16 days ahead of contractual schedule
Bin COAL
U30 : August 2007
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AWARDS

Habitat Preservation Initiative > 2012 KPMG Shareholder Awards > 2004
Ministry of Natural Resources and Environment Winner – Energy and Natural Resources

Asia Responsible Entrepreneurship PFI Awards > 2004


Awards (AREA) > 2011 Bond Deal of the Year – Kapar Energy Ventures Sdn. Bhd.

Johor State Award for Most Caring PFI Awards > 2004
A Leader in Corporate Governance, Malaysia
Organisation > 2011
KAPAR > 2004
Human Resource Development Award Project financing of RM3.4 billion Islamic bond in 2004:
• Largest bond issue in Malaysia
(HRDF) > 2011 • Largest non-recourse IPP debt financing in Asia
• Won the prestigious ‘PFI Bond Deal of the Year’

Prime Minister’s CSR Award > 2010


Winner – Environment category GB3 > 2002
Voted the best project finance loan in 2002 ‘Asset Asian
TANJUNG BIN > 2006 Awards’ for the RM1.5 billion Islamic bonds
• Won the ‘Best Emissions Reduction Project in Asia Award’
at the prestigious 2006 Power Asian Awards
• Won as ‘Malaysia’s Largest Corporate and Islamic Bond
Issue for 2003’ award at RAM’s inaugural League Award
Night

SHUAIBAH > 2005


‘2005 PFI Power Deal of the Year’ (2005) ‘Desalination Deal
of the Year’ at the 2006 Global Water Awards