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33 PENANG STATE WATER SUPPLY INFRASTRUCTURE 34 CORPORATE INFORMATION PBA GROUP OF COMPANIES PBA Holdings Bhd 200001012513 (515119-U) BOARD OF DIRECTORS • YAB TUAN CHOW KON YEOW • YB DATO’ SARUL BAHIYAH • YBHG. DATO’ SERI NAZIR ARIFF Non-Independent and BINTI ABU BIN MUSHIR ARIFF Non-Executive Chairman Non-Independent and Independent and Non-Executive Director Non-Executive Director • YB DATO’ Ir. HAJI AHMAD • PUAN MARY GERALDINE PHIPPS ZAKI YUDDIN BIN ABD. RAHMAN • YB TUAN ZAIRIL KHIR JOHARI Independent and Non-Executive Director Non-Independent and Non-Independent and Non-Executive Deputy Chairman Non-Executive Director • YBHG. DATO’ BRIAN TAN GUAN HOOI Independent and Non-Executive Director • YB PROF. DR. P. RAMASAMY A/L • YB TUAN MUHAMMAD FAIZ PALANISAMY BIN FADZIL • YBHG. DATO’ SYED MOHAMAD Non-Independent and Non-Independent and BIN SYED MURTAZA Non-Executive Director Non-Executive Director Independent and Non-Executive Director • YB DATO’ ABDUL RAZAK • YBHG. DATO’ AGATHA FOO TET SIN BIN JAAFAR Senior Independent and Non-Independent and Non-Executive Director Non-Executive Director (Appointed on 17 December 2019) Perbadanan Bekalan Air Pulau Pinang Sdn Bhd 199901001061 (475961-X) BOARD OF DIRECTORS • YAB TUAN CHOW KON YEOW • YB TUAN SANISVARA NETHAJI RAYER A/L RAJAJI Non-Executive Chairman Non-Executive Director • YB DATO' Ir. HAJI AHMAD ZAKI YUDDIN • YB TUAN H'NG MOOI LYE BIN ABD. RAHMAN Non-Executive Director Non-Executive Deputy Chairman • YB TUAN AZRUL MAHATHIR BIN AZIZ • YB PROF. DR. P. RAMASAMY A/L PALANISAMY Non-Executive Director Non-Executive Director • YB TUAN GOOI HSIAO-LEUNG • YB DATO’ ABDUL RAZAK BIN JAAFAR Non-Executive Director Non-Executive Director (Appointed on 17 December 2019) • ENCIK FAKHRUZ-ZAMAN BIN AHMAD Non-Executive Director • YB DATO’ SARUL BAHIYAH BINTI ABU Non-Executive Director • YBHG. DATO’ SR. KUVENARAJU A/L PACHAPPEN Non-Executive Director • YB TUAN ZAIRIL KHIR JOHARI (Appointed on 3 September 2019) Non-Executive Director 35 RESOURCES SDN BHD 200701041648 (799680-A) a subsidiary of PBA Holdings Bhd PBA Resources Sdn Bhd 200701041648 (799680-A) BOARD OF DIRECTORS • YBHG. DATO’ Ir. JASENI BIN MAIDINSA • ENCIK MOHAMMAD ZULKIFLI BIN ABDUL HAMID PBA Green Technology Sdn Bhd 201801045265 (1307297-U) BOARD OF DIRECTORS • YBHG. DATO’ Ir. JASENI BIN MAIDINSA • DR. MARY ANN HARRIS COMPANY SECRETARY Thum Sook Fun (SSM PC NO. 201908000139) (MIA 24701) REGISTERED OFFICE AND BUSINESS ADDRESS Level 32, KOMTAR, Jalan Penang, 10000 George Town, Pulau Pinang. Tel : (604) 200 6700 Fax : (604) 200 6704 Website : www.pbahb.com.my SHARE REGISTRAR Securities Services (Holdings) Sdn. Bhd. Suite 18.05, MWE Plaza, No. 8, Lebuh Farquhar, 10200 George Town, Penang. Tel : (604) 263 1966 Fax : (604) 262 8544 AUDITORS Grant Thornton, Chartered Accountants PRINCIPAL BANKER Malayan Banking Berhad, Penang STOCK EXCHANGE LISTING Main Market of Bursa Malaysia Securities Berhad (Utilities) Stock Name : PBA Stock Code : 5041 36 CORPORATE STRUCTURE RESOURCES SDN BHD 200701041648 (799680-A) a subsidiary of PBA Holdings Bhd 100% - 100% - 100% - water supply in Penang management company renewable energy water supply training 37 PBAPP ORGANISATION STRUCTURE BOARD OF DIRECTORS Internal Audit Chief Executive Officer Water Operations Corporate Affairs Finance Division Office of the Chief Division Executive Officer Division CFO HR Division COO (PBAPP) Section Customer Board Human Planning & Service Secretariat Resource Development Corporate Communications & Finance & Section Events Management Quality, Safety & Operations Health Accounting Employee Relations Section Information Production Technology Administration Talent & C&B Section Facilities Procurement & Legal & Training & Logistics Compliance Development Section Command Security Centre Contract Management 38 FINANCIAL HIGHLIGHTS Financial Year Ended 31 December 2015 2016 2017 2018 2019 RM'000 RM'000 RM'000 RM'000 RM'000 REVENUE 300,325 326,698 312,353 334,758 340,201 PROFIT BEFORE TAX 44,770 54,648 40,936 36,137 28,115 PROFIT/(LOSS) AFTER TAX 38,000 61,764 37,280 (103,430) 25,153 PAID UP SHARE CAPITAL 165,635 165,635 327,579 327,579 327,579 SHAREHOLDERS' EQUITY 753,763 800,173 824,377 695,873 678,420 EARNINGS/(LOSS) PER SHARE - BASIC (sen) 11.48 18.66 11.26 (31.25) 7.60 NET TANGIBLE ASSETS PER SHARE (RM) 2.28 2.42 2.49 2.10 2.05 REVENUE PROFIT BEFORE TAX PROFIT/(LOSS) AFTER TAX PAID UP SHARE CAPITAL (RM’000) (RM’000) (RM’000) (RM’000) 25,153 37,280 61,764 38,000 (103,430) 327,579 327,579 327,579 165,635 165,635 340,201 334,758 312,353 326,698 300,325 28,115 36,137 40,936 54,648 44,770 19 18 17 16 15 19 18 17 16 15 19 18 17 16 15 19 18 17 16 15 SHAREHOLDERS' EQUITY EARNINGS/(LOSS) NET TANGIBLE ASSETS (RM’000) PER SHARE - BASIC PER SHARE (sen) (RM) 7.60 11.26 18.66 11.48 (31.25) 678,420 695,873 824,377 800,173 753,763 2.05 2.10 2.49 2.42 2.28 19 18 17 16 15 19 18 17 16 15 19 18 17 16 15 39 FINANCIAL CALENDAR 2019 FINANCIAL YEAR ENDED 31 DECEMBER 2019 19th Annual General Meeting 30 May 2019 Announcement of interim results • First Quarter 30 May 2019 • Second Quarter 28 August 2019 • Third Quarter 26 November 2019 • Fourth Quarter 28 February 2020 Dividends paid and payable in 2019 Final - 31 December 2018 • Declaration Single Tier Final Dividend of 1.75 sen per share • Entitlement date 5 July 2019 • Payment date 19 July 2019 Interim - 31 December 2019 • Declaration Single Tier First Interim Dividend of 1.75 sen per share • Entitlement date 20 December 2019 • Payment date 10 January 2020 Final - 31 December 2019 • Declaration Proposed Single Tier Final Dividend of 1.75 sen per share. • Entitlement date/Payment date The entitlement and payment date will be announced in due course upon confirmation of the date of the Company's 20th Annual General Meeting. 40 PBAHB DIRECTORS’ PROFILE YAB TUAN CHOW KON YEOW aged 61, male, a Malaysian citizen, is the Non-Independent and Non-Executive Chairman of PBA Holdings Bhd (PBAHB). He was appointed to the Board of Directors of PBAHB on 22 February 2016 and was re-designated as the Chairman of the Board of Directors on 14 May 2018. Presently, YAB Tuan Chow Kon Yeow is the Chief Minister of Penang. He graduated from Universiti Sains Malaysia (USM) in 1984 with a Bachelor of Social Science (Hons.) degree. He started his political career in 1986 and was first elected State Assemblyman for Pengkalan Kota, Penang in 1990. He became a Member of Parliament for Tanjong, Penang from 1999 till 2013. Since 2008, he has been appointed as State Executive Councillor for Local Government and Traffic Management. In 2013, he was re-appointed as Penang Executive Councillor and with a new portfolio of Flood Mitigation. He is a director of Penang Development Corporation as well as the Chairman of PDC Telecommunication Services Sdn. Bhd. He does not hold any ordinary shares in the Company or its subsidiaries, has no family relationship with any Director and / or major shareholder of the Company and has no conflict of interest with the Company. He has not been convicted of any offences within the past five (5) years and has not been imposed of any public sanction or penalty by the relevant regulatory bodies during the financial year 2019. YAB Tuan Chow attended all seven (7) Board Meetings held in the financial year ended 31 December 2019. 41 PBAHB Directors’ Profile (Cont’d) YB DATO’ Ir. HAJI AHMAD ZAKI YUDDIN BIN ABD. RAHMAN aged 61, male, a Malaysian citizen, is the Non-Independent and Non-Executive Deputy Chairman of PBA Holdings Bhd (PBAHB). He was appointed to the Board of Directors of PBAHB on 1 August 2018. He obtained his Bachelor's Degree in Civil Engineering (Honours) from the University of Salford, United Kingdom and then received his Master in Business Administration from Universiti Utara Malaysia in 1999. Presently, he is the Deputy Chief Minister I of Penang. He started his career as a Civil Engineer attached to the Public Works Department in 1982. He then joined Bertam Properties Sdn Berhad as Project Manager in 1993. In 1996, he was appointed as the Director for HLA Associates Sdn Bhd, an engineering consulting firm and subsequently as the Managing Director of Ilham Jurutera Sdn. Bhd. from 1998 to 2014. He is a member of the Institute of Engineers Malaysia (MIEM), International Professional Engineer (IntPE), APEC Engineer and Professional Engineer as recognised by the Board of Engineers Malaysia. He does not hold any ordinary shares in the Company or its subsidiaries, has no family relationship with any Director and/or major shareholder of the Company and has no conflict of interest with the Company. He has not been convicted of any offences within the past five (5) years and has not been imposed of any public sanction or penalty by the relevant regulatory bodies during the financial year 2019. YB Dato' Ir. Haji Ahmad Zaki Yuddin attended all seven (7) Board Meetings held in the financial year ended 31 December 2019. 42 PBAHB Directors’ Profile (Cont’d) YB PROF. DR. P. RAMASAMY A/L PALANISAMY aged 71, male, a Malaysian citizen, is a Non-Independent and Non-Executive Director of PBA Holdings Bhd (PBAHB). He was appointed to the Board of Directors of PBAHB on 18 April 2008. He is the Chairman of the Nomination and Remuneration Committee of the Company. Presently, YB Prof. Dr. P. Ramasamy is the Deputy Chief Minister II of Penang and a Member of the State Assembly, Perai Constituency, Penang. He also sits on the Boards of Invest-In-Penang Berhad and other Penang State Government agencies.