Annual Report 2010 - Tenaga Nasional Berhad

10 TENAGA NASIONAL BERHAD ANNUAL REPORT 2010
Investor
Relations
(CONT’D)
• Website. TNB recognises the need to
provide relevant, timely and comprehensive
information to shareholders and general
public. For this purpose, TNB maintains a
website, www.tnb.com.my, that provides
information on the latest development
impacting the Group.
TNB is represented by the Senior Management
in activities involving shareholders and the
financial community, reflecting TNB’s
commitment in providing latest developments
impacting the financial and operational
performance of the Group to the shareholders.
DIVIDEND
RM mn
1,400
1,200
1,000
800
600
400
200
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
DIVIDEND POLICY
TNB’s commitment to its shareholders is
further reiterated through the Group’s
Dividend Policy, which plans to provide stable
and sustainable dividends to shareholders
while maintaining an efficient capital structure
and ensuring sufficient funding for future
growth. Under this policy, TNB will endeavour
to distribute 40-60 per cent of the Company’s
annual free cash flows as dividends.
IMPROVED SERVICES
The perception of the financial community on
the Group is of the utmost importance as
they play an important role in shaping the
Group’s reputation and successes.
0
FY05
FY06
Dividend Paid
FY07
FY08
FY09
Dividend Payout
In efforts to continuously improve relationships with shareholders and the
financial community, the Investor Relations Department conducts annual
surveys in order to gather information and suggestions on how to better serve
them. The survey captures the satisfaction level of the financial community
ranging from how information is disseminated to how easy it is for them to
conduct meetings with Top Management. The survey is used to identify
problem areas and the needs of the financial community in order to make
well-informed decisions on the Group.
CREDIT RATINGS
TNB continues to exhibit a sound credit rating. For the year under review, the
Group was rerated upwards by two agencies, despite the past year’s economic
slowdown. The credit ratings are as follows:
FY10
0.0%
• Moody’s Baa1
• Standard & Poor’s BBB+
• RAM Holdings AAA
• MARC AA+