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Q2 2013 Earnings Call – PTT Public Company Limited

PTT Public Company Limited · Aug 22, 2013 · 43 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2013 Earnings Call – PTT Public Company Limited – slide 1
    Analyst Meeting Q2 and 1H/2013 Our Earth, Our Home, Our Future
  2. Q2 2013 Earnings Call – PTT Public Company Limited – slide 2
    Contents Highlights Performance 2H/2013 Outlook Highlights Performance 2H/2013 Outlook 1
  3. Q2 2013 Earnings Call – PTT Public Company Limited – slide 3
    Highlights Highlights Performance 2H/2013 Outlook Operation Gas sales volume dropped 0.4% QoQ mainly from planned shutdowns of petrochemical customers Weaken PTTEPs performance QoQ as average selling price decreased despite the rise…
  4. Q2 2013 Earnings Call – PTT Public Company Limited – slide 4
    Highlights (Cont.) Highlights Performance 2H/2013 Outlook Fully support PTTGCs oil spill incident , promising to return a brighter Ao Phrao Sustainability April 2013 Key Events PTTEPs discovery in Rovuma Area 1 from Orca-1…
  5. Q2 2013 Earnings Call – PTT Public Company Limited – slide 5
    PTTs GSP5 Incident: In Brief Highlights Performance 2H/2013 Outlook Incident happened in the morning of Aug 14, 2013 Lightning strike on the lightning rod in the highest flare stack, afterward causing the Waste Heat Recovery Unit…
  6. Q2 2013 Earnings Call – PTT Public Company Limited – slide 6
    Price Movement Highlights Performance 2H/2013 Outlook Dubai vs FO (/BBL) LNG:JLC* (/MMBTU) 140 20 Avg. 109.08 120 Avg. 107.23 Avg. 104.49 Dubai 15 100 Avg. 16.65 Avg. 16.51 10 Avg. 14.54 Avg. 101.27 Avg. 105.23 Avg. 98.34…
  7. Q2 2013 Earnings Call – PTT Public Company Limited – slide 7
    Net Income Performance: 1H/2012 vs 1H/2013 Highlights Performance 2H/2013 Outlook Unit : MMTHB 5% 48,384 46,103 Sales vol. increase 8% Petrochem Better spread margins 6,116 7,999 16,181 PTTEP Avg. selling price increase 3%…
  8. Q2 2013 Earnings Call – PTT Public Company Limited – slide 8
    Contents Highlights Performance 2H/2013 Outlook Highlights Performance 2H/2013 Outlook 7
  9. Q2 2013 Earnings Call – PTT Public Company Limited – slide 9
    Exploration & Production Performance : PTTEP (65.29%) Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Product Prices Net Income (100%) 8% 106.42 7% 103.74 Unit: MMUSD 95.14 99.36 Liquid…
  10. Q2 2013 Earnings Call – PTT Public Company Limited – slide 10
    Exploration & Production Roadmap : PTTEP Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Production Target Reserves Unit: MMBOE 2012 by Geography 1,786 50% International 901 44% 50%…
  11. Q2 2013 Earnings Call – PTT Public Company Limited – slide 11
    Gas Business Performance : Natural Gas Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others NG Sales Volume GSP - Reference Product Prices Unit: MMSCFD Unit : USD/Ton AVG. 1,539 4,695 1,473 1,506 PP…
  12. Q2 2013 Earnings Call – PTT Public Company Limited – slide 12
    Gas Business Performance Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Gas BU EBITDA NGV Sales Volume Unit: MMTHB Unit : Ton/Day 30% 1% 13% 30,943 8,429 8,513 8,485 21,641 29% Others…
  13. Q2 2013 Earnings Call – PTT Public Company Limited – slide 13
    Gas Business Roadmap Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Unit : MMSCFD 5% 7% NGV 7% 17% Industry 13% 19% GSP 21% Power 59% 57% - EGAT - IPP - SPP New PTTEP PTTEP LNG…
  14. Q2 2013 Earnings Call – PTT Public Company Limited – slide 14
    Oil Business Performance : PTT Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin 1/ Oil BU - EBITDA Unit : THB/Liter Unit : MMTHB 14% 9,604 12% 10% 35% 8,239 0.90 0.93 0.84…
  15. Q2 2013 Earnings Call – PTT Public Company Limited – slide 15
    Oil Business Development Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Moving Toward TAGNOC Moving Toward TAGNOC GREEN Technological Advance Friendly POP: Drive Awake : PBS biodegradable 100%…
  16. Q2 2013 Earnings Call – PTT Public Company Limited – slide 16
    International Trading Business Performance : PTT Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Trading BU - EBITDA* Unit :THB/Liter Unit : MMTHB 27% 14% 20% 2,923 0.10…
  17. Q2 2013 Earnings Call – PTT Public Company Limited – slide 17
    International Trading Business: Roadmap Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others To be Premier Multinational Trading House Grow in alternative energy and commodities 16
  18. Q2 2013 Earnings Call – PTT Public Company Limited – slide 18
    Refining Business Performance Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others GRM/GIM Net Income (100%) Unit : USD/BBL Unit : MMTHB 108.2 111.2 104.5 Dubai 100.8 100% 100% 25% 46% A/C GIM 7.11…
  19. Q2 2013 Earnings Call – PTT Public Company Limited – slide 19
    Refinery Project Update Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others LABIX Linear Alkyl Benzene (LAB) Upgrade Benzene and Kerosene into LAB Capacity : 100 KTA LABIX was established on 11 Jul…
  20. Q2 2013 Earnings Call – PTT Public Company Limited – slide 20
    Petrochemical Business Performance Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Spread Margins Net Income (100%) Unit : USD/Ton Unit : MMTHB HDPE-Naphtha PX-Naphtha 30% 16,172 16% 35% 11%…
  21. Q2 2013 Earnings Call – PTT Public Company Limited – slide 21
    Petrochemical Project Update Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others New Geography China : Signed MoU with Sinochem group in July 13 ASEAN : Signed HoA with Pertamina in Apr 13 and to…
  22. Q2 2013 Earnings Call – PTT Public Company Limited – slide 22
    Other Businesses : Coal - SAR (94.58%) Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Avg. Selling Price & Cash cost Net Income (100%) Unit : USD/Ton Unit : MMUSD 95 66% 71% 21% 4% Selling…
  23. Q2 2013 Earnings Call – PTT Public Company Limited – slide 23
    Other Businesses : Power -GPSC (30.10%) Highlights Performance 2H/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Moving Forward Net Income (100%) Unit : MW Unit : MMBaht 100% 87% 356 2,531** 496 Renewable 1,357*…
  24. Q2 2013 Earnings Call – PTT Public Company Limited – slide 24
    PTT Consolidated Performance: 1H/2013 Highlights Performance 2H/2013 Outlook Dubai (USD/BBL) 108.2 100.8 111.2 104.5 1H/2013 Others PTTEP 4% Unit : MMTHB 7% PTT - Gas 0.4% 17% 1,374,923 1,369,541 Revenue 4% 699,932 72%…
  25. Q2 2013 Earnings Call – PTT Public Company Limited – slide 25
    Statement of Financial Position : Solid and Secured Highlights Performance 2H/2013 Outlook Unit: MMTHB Increased assets : th 4 Onshore pipeline Offshore Compressor PTTEPs Assets Solar power plant Strong Financial Position…
  26. Q2 2013 Earnings Call – PTT Public Company Limited – slide 26
    PTT Group Performance : 1H/2013 Highlights Performance 2H/2013 Outlook Performance 100% % share Equity Method % PTT Unit : MMTHB 1H/12 1H/13 HoH 1H/12 1H/13 HoH PTT Net operating Income 27,863 16,246 -42% 27,863 16,246 -42% E&P -…
  27. Q2 2013 Earnings Call – PTT Public Company Limited – slide 27
    Contents Highlights Performance 2H/2013 Outlook Highlights Performance 2H/2013 Outlook 26
  28. Q2 2013 Earnings Call – PTT Public Company Limited – slide 28
    Economic Outlook : Challenges ahead 2H/2013 Highlights Performance 2H/2013 Outlook US Market is expected to recover : - US Jobs data are in a better direction : - Markets expect US FED to slowdown QE program in Mid-Sep13 EU…
  29. Q2 2013 Earnings Call – PTT Public Company Limited – slide 29
    Market Outlook : Crude Oil Highlights Performance 2H/2013 Outlook Monthly Avg. Crude Oil WTI Brent Dubai Dubai Forecast (PTT Group PRISM) 122.5 Forecast 116.2 117.3 105.0 109.8 111.2 111.5 103.9 103.9 103.9 104.5 107.3 108.6…
  30. Q2 2013 Earnings Call – PTT Public Company Limited – slide 30
    Market Outlook : Henry Hub Natural Gas Price Highlights Performance 2H/2013 Outlook Henry Hub price in 2013 is expected approximately 3.8-4.3 USD/MMBTU US DOE approved LNG export to non-FTA Shale gas revolution countries…
  31. Q2 2013 Earnings Call – PTT Public Company Limited – slide 31
    Market Outlook : GRM Highlights Performance 2H/2013 Outlook Forecast 25.00 20.00 GO 15.00 Mogas 10.00 5.00 0.00 FO -5.00 -10.00 -15.00 Singapore GRM in 2H/2013 is estimated to be around 6-7 USD/BBL Summer Demand from ME…
  32. Q2 2013 Earnings Call – PTT Public Company Limited – slide 32
    Market Outlook : Petrochemical Highlights Performance 2H/2013 Outlook Unit :USD/ton Olefins Aromatics 2H 2013 2H 2013 2,000 2,000 1,800 1,800 1,600 PP 1,600 PX 1,400 1,400 HDPE 1,200 1,200 BZ 1,000 1,000 800 Naphtha 800 Naphtha…
  33. Q2 2013 Earnings Call – PTT Public Company Limited – slide 33
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio Unit : MMTHB PTT Only Consolidated : Cost of debts 4.77 % : Cost of debts 4.55 % : % fixed-rate 91 % : % fixed-rate 86…
  34. Q2 2013 Earnings Call – PTT Public Company Limited – slide 34
    Statements of Consolidated Cash Flows for 1H 2013 & 2012 1H/2012 1H/2013 1H/2012 1H/2013 Operating 34,736 62,532 Investing -59,895 -47,845 Net Income 46,103 48,384 CAPEX(PP&E, Intangible asset) -58,248 -59,568 Changes in assets &…
  35. Q2 2013 Earnings Call – PTT Public Company Limited – slide 35
    Statements of Cash Flows for Year 1H 2013 & 2012 (PTT Only) 1H/2012 1H/2013 1H/2012 1H/2013 Operating 20,382 9,200 Investing -992 11,570 Net Income 47,225 37,515 CAPEX (PP&E, Intangible asset) -10,263 -9,795 Changes in assets &…
  36. Q2 2013 Earnings Call – PTT Public Company Limited – slide 36
    PTT Group Performance : Q2/2013 QoQ Performance 100% % share Equity Method % PTT Unit : MMTHB Q1/13 Q2/13 QoQ Q1/13 Q2/13 YoY PTT Net operating Income 12,033 4,213 -65% 12,033 4,213 -65% E&P - PTTEP 20,258 10,664 -47% 65.29% 12,602…
  37. Q2 2013 Earnings Call – PTT Public Company Limited – slide 37
    Data as of 30 June 2013 Petrochemicals & E&P and Gas Business Group Oil Business Group Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
  38. Q2 2013 Earnings Call – PTT Public Company Limited – slide 38
    Oil Balance Thailand: Jan - Jun 2013 Adequate refining capacity maintains the stability of supply Supply Production Sales Import (80%) Domestic Imported Refined Petroleum Products 77 KBD 953 KBD Crude/ Refined Condensate Total…
  39. Q2 2013 Earnings Call – PTT Public Company Limited – slide 39
    Natural Gas Balance: Jan Jun 2013 Main driver of the Thai economy Supply Production Sales Ethane/ Indigenous (79%) Propane/ 3,702 MMSCFD LPG/NGL Petrochemical Feedstock (15%) Chevron 995 MMSCFD (21%) Others 33% 2,523 MMSCFD…
  40. Q2 2013 Earnings Call – PTT Public Company Limited – slide 40
    Natural Gas Price Structure : Jan Jun 2013 Gas prices are mostly agreed under long-term contracts and volatility pass-through to ensure stable returns. Sales Price Structure Customers1 Gas Pool Price + Supply Margins + Pipeline…
  41. Q2 2013 Earnings Call – PTT Public Company Limited – slide 41
    Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and transportation industry Gas demand forecast (CAGR during 2013-2030) : Total 2% : Power 3% : GSP -1% : Industry 3%…
  42. Q2 2013 Earnings Call – PTT Public Company Limited – slide 42
    Thailands Projected Energy Demand Commercial Primary Energy Consumption KBD 4000 3,674 3,261 Nuclear 1% 3% 3500 2,826 3% 13% 3000 13% 2,376 2% 17% 2500 Hydro/Import13% 16% 1,863 2%Renewable 12% 15% 2000 Coal/Lignite…
  43. Q2 2013 Earnings Call – PTT Public Company Limited – slide 43
    2012-2013 Accolades PTT is widely recognized among business communities both international and local 144th in 2013 DJSI Member 81th in 2013 167th in 2012 2012-2013 95th in 2012 171th in 2011 128th in 2011 Platts Top 250 Asian…

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