3rd Quarter 2006 Analyst Meeting 14 November 2006 1
Activities & Operational Results Growing the Future Conclusion 3
Recent major Developments PTT Payment of interim dividend at Baht 5 per share (25% payout ratio) on August 23, 2006 Issuance two tranches of debentures in the total amount of Baht 12,000 mm on October 12, 2006 Gas Business…
Strong 3Q/2006 results : Revenues +31% YoY 3Q/06 Total Gas PTTEP Refining Petrochem Oil Unit : Bt mn 349,801 Revenues 349,801 Bt mn +31% +18% 281,895 Gas Group 267,449 237,948 22% RRC diluted to associate Conso. status PTTCH…
Strong 3Q/2006 results : EBITDA +11% YoY 3Q/06 Total Gas PTTEP Refining Petrochem Oil +11% 37,177 Unit : Bt mn EBITDA 37,177 Bt mn 33,619 TM 11% Petchem Mkt 6% GSP 15% 18% RRC diluted Gas Group +12% To associate 32% -1% status…
Strong 3Q/2006 results : Net Income +1% YoY Other 3Q/06 Total PTT PTTEP RRC PTTCH Affiliates +1% Net Income 24,320 Bt mn 24,320 Unit : Bt mn 24,022 Affiliates- Affiliates-Others Aff. Aff.-Ref 2% PTT 14% RRC diluted +8% To…
Pipeline Business : Stable Incomes & Solid Growth 1st & 2nd Pipeline is at full capacity, which led to slightly increase in gas sales volume Gas sales volumes (mmscfd) heat 1,000 Customer Profile 2006 2005 2004 EGAT IPP SPP GSP…
Gas Separation Plants : Strategic Value Creators Natural gas is utilized to the fullest potential through gas separation plants. Product Prices (/ton) 1,347 HDPE 1,199 GSPs performance improved 1,081 1,343 PP qoq due to the…
PTTEP : Growth Engine & Cash Generator PTT holds 66.10% in PTTEP (as of 30 September 2006). Unit : Bt mn Strong potential in Myanmar, Vietnam, Cambodia, 3Q/06 9M/06 Indonesia, Oman, Iran and Algeria Projects. %yoy %qoq % chg.…
Oil Business : Strong Leadership Position with No.1 market share PTT is a market leader in oil retails at 37% market share with 1,238 gas stations nationwide. Thailands Market Share Oil Marketing : sales volume 254 kboe/d (3Q/06…
Refining Affiliates : 3Q/06 resulted from low GRM and stock loss Cooperation among refineries improves security of supply and helps helps manage supply chain more efficiently. PTT Group represents 34% of total refining capacity by…
Petrochemical Affiliates : Better performance from volume & price PTT focuses on gas- gas-based petrochemical business to create more values from natural gas assets. Capacity expansion and diversified portfolio Ethane, Propane,…
Balance Sheets : Financial Philosophy Solid & Secure PTT is fully committed to maintain strong financial position. Balance Sheets Financial Ratios ICR Recognized RRC, Unit : Bt mn 14.0 GSP5 startup BCP, TPI under 12.9 Conso.…
Debt Profile : Control Cost & Manage Risk Debt portfolio is structured to minimize financial risks. Debt Portfolio Consolidated debt Bt206bn (5.5bn) Unit : Bt mn Yen USD 219,282 THB 206,435 PTTEP 201,526 7,380 8% (3%) PTT PTTCH…
Activities & Operational Results Growing the Future Conclusion 17
Energy Consumption : Growing along with Economic Expansion Oil and gas are major sources of energy and likely to remain so for many years. Energy consumption forecast (CAGR during 2006-2015) kboed : Total 5% : Gas 8% 3,000 : Oil…
Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and increasingly increasingly transportation industry. Gas demand forecast (CAGR during 2006-2015) : Total 8% mmscfd :…
CAPEX & Investments : Growing the Future PTT plans to invest Bt239bn (6bn) during 2006- 2006-2010, mostly into expanding gas business. Gas Oil JV Others PTTEP PTTCH PTT PTTs CAPEX Bt238,794m (6.0bn) 85,000 Unit : Bt mn during…
Strategic Roadmap : Core Value Creators Infrastructure is under expansion to enhance capability to meet rising gas demand. Gas Demand Outlook Unit : mmscfd 6,000 -2 0 1 0 ) 10% 005 5,000 CAGR (2 Industry 18% 4,000 GSP 20%…
Strategic Roadmap : Integrated Value Enhancers New businesses are under development to utilize assets, enhance competitiveness, and diversify risks. 2005 2006 2007 2008 2009 2010 Olefins & Plastics BPE Debot I4/1 Debot I4/2 PTTPE :…
Activities & Operational Results Growing the Future Conclusion 23
Outlook Relieved from fear of supply interruption and war eruption resulting in lowering of world oil prices, however, oil price is expected to remain at a high level Thailands Economic GDP outlooks for 2007 is 4.5-5% due to…
Thank you PTT Public Company Limited Capital Market & Investor Relations Department Tel. +66 2 537-2792, Fax. +66 2 537-2791, Email: irpttplc.com, http://www.pttplc.com/ 25
Supplement 26
Hydrocarbon Value Chain PTT Group has strong presence in various sectors throughout the hydrocarbon value chain. Fully Integrated Portfolio & Strong Leadership Position Upstream Intermediate Downstream End Customers Natural Gas…
Corporate Structure PTT Petrochemical & Gas Business Group Oil Business Group Refining Exploration and production Marketing Trading Gas-based petrochemicals Transmission and distribution Integrated and complex refineries…
Strategic Intents Drive Specific Sector Actions Roles in Portfolio Business Areas Strategic Intents Strategic actions Grow aggressively in Thailand Plus Create value & achieve international revenue E&P and beyond target beyond 20%…
PTT : The Largest Public Company in Thailand Ownership : Ministry of Finance Direct and Indirect Indirect 68%, Public 32% PTT Group represents a significant portion of Thai economy Total Market Cap. Bt5.4tr (147bn) TPI 9.5% TOP…
Recognition : Confidence & Credibility PTT is widely recognized among business community both local and international. PTT ratings are comparable to sovereign ratings Foreign : Moodys (A2) / S&P (BBB+) Local : Moodys (A2) / S&P (A-)…
Performance Highlights : Larger, Stronger, and Better PTT 2005 performance (Baht per share) : Revenues 332.4, EBITDA 40.8, 40.8, Net Income 30.6 Revenues 2004 2005 Unit : Bt mn 929,716 Revenues Gas Group Gas Group 22% 30% +…
PTTEP : Growth Engine & Cash Generator PTT hold 66.32% in PTTEP (as of 31 Dec 2005). Unit : Bt mn Revenues Operations Sales Vol. (boepd) Avg. Sales Prices (/boe) 68,355 31.47 31.59 29.37 28.14 25.42 23.38 % 43 + 142,685…
Refining Affiliates Cooperation among refineries improves security of supply and helps helps manage supply chain more efficiently. PTT Group represents 38% of total refining capacity TOP* 2004 2005 %Chg. RRC* 2004 2005 %Chg. :…
Petrochemical Affiliates PTT focuses on gas- gas-based petrochemical business to create more values from natural gas assets. PTT has become a regional player in petrochemical industry Ethane, Propane, Ethylene HDPE PTT GSPs LPG,…
Natural Gas Price Structure Gas prices are mostly agreed under long- long-term contracts and volatility pass- pass-through to ensure stable returns. Sales Price Structure Customers Gas Pool Price + Supply Margins + Pipeline…
Schedule : Major Projects Thailand Natural Gas Transmission System Key projects are strategically linked and timely corresponding to to meet demand. PTTs Natural Gas Pipeline Network 3rd Pipeline (Onshore & Offshore) Onshore:…
Refining Industry Strong leadership position ensures stable supply to downstream and and related businesses. PTT Group represents 33% of total refining capacity by equity portion Total refining capacity 1,012 kbpd RPC 2% ESSO…
Gross Refining Margins Continuing demand growth while tight supply creates favorable environment environment for refining industry Gross Refining Margins for Complex Refineries GRM (/bbl) 12 10.2 10.6 10 9.2 9.2 8.5 7.9 8.0…
Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net net income. EPS DPS % Dividend Payout 32.4% 32.6% 29.8% 30.1% 30.3% PTTs minimum payout ratio 25.3% 25% 30.57 UNIT :…
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