ADDED 2023 2022 WE ARE TNB Sec 1 17 OUR INVESTMENT CASE CORE REVENUE Peninsular Malaysia TNBI SESB Others * Others include Goods & Services and Construction Contracts. ** Others include Agriculture, Mining, Public Lighting, Accrued Revenue, Sales Discount, EGAT, TNBI, Other Regulatory Adjustments and SESB Tariff Support Subsidy & Fuel Subsidy. *** Others include Agriculture, Mining, Public Lighting, EGAT, TNBI. Industrial Domestic Commercial Others GROUP SALES OF ELECTRICITY (BY SECTOR) 40.5% 34.7% 2.2%** 2.9%*** 23.9% 27.3% 33.4% 35.1% 5.2% 5.0% 2.0% 1.7% 1.5% 1.1% 91.3% 92.2% Peninsular Malaysia SESB TNBI Others* Total RM Million 2023 48,456.7 2,766.2 776.4 1,067.6 53,066.9 2022 46,879.7 2,561.2 537.7 889.1 50,867.7 51,713.2 Million 2023 130,070.3 GWh 2023 2022 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 18 A3 Stable Moody’s Investors Services (Moody’s)AAA Stable RAMRatingServicesBerhad (RAM) International Rating Agencies Local Rating Agency BBB+ Stable Standard & Poor’s Ratings Services (S&P) OUR INVESTMENT CASE SHAREHOLDING INFORMATION OUR CREDIT RATINGS As at 29 December 2023, Khazanah Nasional Berhad remained as our largest shareholder, with 22.6% of shareholding. Other Government-related agencies cumulatively hold 44.3% with Permodalan Nasional Berhad at 18.3%, Employees Provident Fund at 16.8%, Kumpulan Wang Persaraan at 7.5% while others at 1.7%. The balance of 33.1% is held by other local corporations, Malaysian retail and foreign shareholders. Based on the geographical spread of our foreign shareholding, the largest shareholding base is North America at 76.9%, followed by our shareholders from Europe and Asia (excluding Malaysia), which accounted for 15.6% and 6.8%. Note: * Comprises total shareholdings held by trust funds managed by Permodalan Nasional Berhad Khazanah Nasional Berhad Permodalan Nasional Berhad (PNB)* Employees Provident Fund Board (EPF) Kumpulan Wang Persaraan (KWAP) Other Government Agencies Local Corporations & Retail Foreign Shareholding 22.6% 18.3% 16.8% 7.5% 1.7%