1 13 GROUP Year/Period Ended 31.12.2018 31.12.2019 31.12.2020 31.12.2021 31.12.2022 31.12.2023 OPERATING RESULTS (RM Million) Revenue 50,392.5 50,939.7 43,976.0 48,119.9* 50,867.7 53,066.9 Operating profit 6,875.6 8,206.8 7,358.8 8,083.0 9,409.5 7,356.9 Profit before taxation and zakat 5,046.6 5,477.7 4,235.4 4,738.3 5,348.6 3,373.6 Profit attributable to owners of the Company 3,723.7 4,529.2 3,592.7 3,661.8 3,463.3 2,770.3 KEY BALANCE SHEET DATA (RM Million) Property, plant and equipment 111,445.5 109,966.0 112,596.1 114,105.6 116,577.1 121,932.1 T otal assets 153,695.0 178,847.2 181,433.3 182,600.6 205,922.3 204,743.6 T otal borrowings 47,832.4 45,411.7 49,452.6 51,678.2 63,882.2 61,770.2 T otal liabilities 94,643.1 119,565.1 123,983.4 124,208.2 144,956.1 143,660.9 Share capital 11,446.1 11,446.1 11,675.2 11,927.6 12,204.3 12,499.5 Shareholders’ equity 59,051.9 59,282.1 57,449.9 58,392.4 60,966.2 61,082.7 SHARE INFORMATION Per share (sen) Basic earnings 65.62 79.64 63.06 64.05 60.35 48.00 Diluted earnings 65.3979.64 62.79 63.73 59.98 47.79 Gross dividend 53.27 100.00 80.00 40.00 46.00 46.00 Netassetspershareattributableto ownersoftheCompany1,017.01,019.6978.7988.61,017.11,016.5 Share price as at reporting date (RM) 13.60 13.26 10.42 9.34 9.63 10.04 FINANCIAL RATIOS Return on assets (%) 3.2 2.8 2.4 2.6 2.2 1.7 Return on shareholders’ equity (%) 8.3 8.5 7.4 8.0 7.3 5.7 Gearing (%) 44.8 43.4 46.3 47.0 51.2 50.3 EBITDA margin (%) 26.5 36.1 40.9 39.0* 40.9 35.1 Effective weighted average cost of funds (%) 5.0 5.1 4.9 4.6 4.6 4.8 Interest coverage (%) 7.9 5.4 4.9 5.0 4.8 4.3 Currency mix (RM: Foreign) 74:26 76:24 75:25 76:24 79:21 73:27 Debt-equity (net of cash) ratio1 0.50 0.53 0.63 0.73 0.83 0.67 1 Cash includes financial assets at fair value through profit or loss (FVTPL). * Restated. Dividend yield (dividend/share price per unit, %) 3.92 7.54 7.68 4.28 4.78 4.58 SIX-YEAR GROUP FINANCIAL SUMMARY OUR INVESTMENT CASE TENAGA NASIONAL BERHAD Integrated Annual Report 2023 14 OUR INVESTMENT CASE SHAREHOLDERS’ EQUITY