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Q3 2013 REPORT – PTT Public Company Limited

PTT Public Company Limited · Nov 18, 2013 · 42 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. Q3 2013 REPORT – PTT Public Company Limited – slide 1
    Analyst Meeting Q3/2013
  2. Q3 2013 REPORT – PTT Public Company Limited – slide 2
    Contents Highlights Performance Q4/2013 Outlook Highlights Performance Q4/2013 Outlook 1
  3. Q3 2013 REPORT – PTT Public Company Limited – slide 3
    Highlights Highlights Performance Q4/2013 Outlook Better PTTEPs performance from Gas sales volume dropped 3% Operation (QoQ) increased average selling price despite mainly from lower demand from the decrease in sales volume from…
  4. Q3 2013 REPORT – PTT Public Company Limited – slide 4
    Highlights (Cont.) Highlights Performance Q4/2013 Outlook Sustainability PTT: - Remain a member of DJSI World Index 2013-2014 - PTT improved Carbon Disclosure Score and performance band - CFO Academy launched TOP: Accepted as a…
  5. Q3 2013 REPORT – PTT Public Company Limited – slide 5
    Price Movement Highlights Performance Q4/2013 Outlook Dubai vs FO (/BBL) LNG:JLC* (/MMBTU) 20 140 Dubai FO Avg. 109.08 Dubai Avg. 107.23 120 Avg. 105.25 15 Avg. 16.65 Avg. 16.23 100 Avg. 14.54 FO Avg. 105.23 10 Avg. 101.27…
  6. Q3 2013 REPORT – PTT Public Company Limited – slide 6
    Net Income Performance: 9M/2012 vs 9M/2013 Highlights Performance Q4/2013 Outlook Unit : MMTHB 3% 81,930 6,500 Refinery 79,261 Total intake increased 6% 8,028 Avg. ACC GRM increased 24% 12,895 Petrochem Better spread margins…
  7. Q3 2013 REPORT – PTT Public Company Limited – slide 7
    Contents Highlights Performance Q4/2013 Outlook Highlights Performance Q4/2013 Outlook 6
  8. Q3 2013 REPORT – PTT Public Company Limited – slide 8
    Exploration & Production Performance : PTTEP (65.29%) Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Product Prices Net Income (100%) 5% 4% 103.82 Unit: MMUSD 100.33 99.68 95.14 15% Liquid…
  9. Q3 2013 REPORT – PTT Public Company Limited – slide 9
    Exploration & Production Roadmap : PTTEP Growth Strategy to 600 KBOED in 2020 Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Potential Future Reserves Contributors Myanmar Australia Mozambique…
  10. Q3 2013 REPORT – PTT Public Company Limited – slide 10
    Gas Business Performance : Natural Gas Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others NG Sales Volume GSP - Reference Product Prices Unit: MMSCFD Unit : USD/Ton AVG. 4,695 1,473 1,516 1,439…
  11. Q3 2013 REPORT – PTT Public Company Limited – slide 11
    Gas Business Performance Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Gas Business EBITDA NGV Sales Volume Unit: MMTHB Unit : Approx. KTon/Day 43,005 24% 2% 8.66 12% 32,717 8.49 8.53…
  12. Q3 2013 REPORT – PTT Public Company Limited – slide 12
    Gas Business Roadmap Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Coal PTTEP PTTEP LNG New (Bongkot (M9) Ph2 Supply South) LNG Capacity 5 5 5 5 5 10 (MTA) Offshore compressor Pipeline 4th…
  13. Q3 2013 REPORT – PTT Public Company Limited – slide 13
    Oil Business Performance : PTT Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin 1/ Oil BU - EBITDA Unit : THB/Liter Unit : MMTHB 11% 12,659 9% 8% 11,273 0.87 0.79 0.80 0.72…
  14. Q3 2013 REPORT – PTT Public Company Limited – slide 14
    Oil Business Development Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others PTT Green For Life PTT Innovation PTT COMPOSITE+ World class quality: PTT HyForce Premium Diesel Premium grade synthetic…
  15. Q3 2013 REPORT – PTT Public Company Limited – slide 15
    International Trading Business Performance : PTT Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Trading BU - EBITDA* Unit :THB/Liter Unit : MMTHB 37% 33% 25% 3,885 0.08…
  16. Q3 2013 REPORT – PTT Public Company Limited – slide 16
    Refining Business Performance Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others GRM/GIM Net Income (100%) Unit : USD/BBL Unit : MMTHB 106.3 109.6 105.1 100% 11% Dubai 100.8 100% 24% 16,426 18,196…
  17. Q3 2013 REPORT – PTT Public Company Limited – slide 17
    Refinery Project Update Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Refinery upgrading (TOP) Maximize lube base oil production while increasing Gasoline/Jet/Diesel production Expected COD:…
  18. Q3 2013 REPORT – PTT Public Company Limited – slide 18
    Petrochemical Business Performance Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Spread Margins Net Income (100%) Unit : USD/Ton Unit : MMTHB 1% HDPE-Naphtha PX-Naphtha 26,785 26,524 2%…
  19. Q3 2013 REPORT – PTT Public Company Limited – slide 19
    Petrochemical Project Update Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others C4 Value Enhancement LT : C4 Upgrading to Butadiene ; Expected COD: Q1/14 Quench Oil Tower Modification To reduce…
  20. Q3 2013 REPORT – PTT Public Company Limited – slide 20
    Other Businesses : Coal - SAR (94.58%) Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Avg. Selling Price & Cash cost Net Income (100%) Unit : USD/Ton Unit : MMUSD 94.7 85% 91 19% 5% Selling…
  21. Q3 2013 REPORT – PTT Public Company Limited – slide 21
    Other Businesses : Power - GPSC (30.10%) Highlights Performance Q4/2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Moving Forward (Capacity) Net Income (100%) Unit : MW Unit : MMBaht 6% 87% 378 2,531** 496 356…
  22. Q3 2013 REPORT – PTT Public Company Limited – slide 22
    PTT Consolidated Performance: 9M/2013 Highlights Performance Q4/2013 Outlook Dubai (USD/BBL) 106.3 109.6 105.1 9M/2013 100.8 Others PTTEP 4% Unit : MMTHB 7% 2% PTT - Gas 17% Revenue 2,060,947 2,092,694 8% 72% Revenue…
  23. Q3 2013 REPORT – PTT Public Company Limited – slide 23
    Statement of Financial Position : Solid and Secured Highlights Performance Q4/2013 Outlook Unit: MMTHB Increased assets : PTTEPs Assets th 4 Onshore pipeline Strong Financial Position 4% 12.3 12.5 ICR* 1,694,408 1,629,511…
  24. Q3 2013 REPORT – PTT Public Company Limited – slide 24
    PTT Group Performance : 9M/2013 Highlights Performance Q4/2013 Outlook Performance 100% % share Equity Method % PTT Unit : MMTHB 9M/12 9M/13 YoY 9M/12 9M/13 YoY PTT Net operating Income 37,384 23,566 -37% 37,384 23,566 -37% E&P -…
  25. Q3 2013 REPORT – PTT Public Company Limited – slide 25
    Contents Highlights Performance Q4/2013 Outlook Highlights Performance Q4/2013 Outlook 24
  26. Q3 2013 REPORT – PTT Public Company Limited – slide 26
    Economic Outlook : Challenges ahead Q4/2013 Highlights Performance Q4/2013 Outlook US Market is the main focus : - US Fed Maintains Stimulus Measures : - Impact from US Government shutdown & Debt Ceiling EU market remains volatile…
  27. Q3 2013 REPORT – PTT Public Company Limited – slide 27
    Market Outlook : Crude Oil Highlights Performance Q4/2013 Outlook Monthly Avg. Crude Oil WTI Brent Dubai Dubai Forecast (PTT Group PRISM) 122.5 Forecast 116.2 117.3 106.1 105.8 106.1 105.0 111.2 111.5 104.3 109.8 108.6 107.3…
  28. Q3 2013 REPORT – PTT Public Company Limited – slide 28
    Market Outlook : Henry Hub Natural Gas Price Highlights Performance Q4/2013 Outlook Forecasted Henry Hub in Y2013 approximately 3.6-3.8 USD/MMBTU US approved 4 LNG Projects for exporting to NON-FTA countries Winter demand in…
  29. Q3 2013 REPORT – PTT Public Company Limited – slide 29
    Market Outlook:Asia LNG Spot Price (JKM : Japan Korea Marker) Highlights Performance Q4/2013 Outlook Lower-than-average temp in North Asia Hot Summer Season in Japan Last Nuclear Power Plant in Japan Shutdown Fukushima…
  30. Q3 2013 REPORT – PTT Public Company Limited – slide 30
    Market Outlook : GRM Highlights Performance Q4/2013 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 Q4/2013 is estimated to be around 5-6 USD/BBL Winter Demand…
  31. Q3 2013 REPORT – PTT Public Company Limited – slide 31
    Market Outlook : Petrochemical Highlights Performance Q4/2013 Outlook Unit :USD/ton Olefins Aromatics Q4 2013 Q4 2013 2,000 2,000 1,800 1,800 PP 1,600 1,600 PX 1,400 HDPE 1,400 1,200 1,200 BZ 1,000 1,000 800 Naphtha 800…
  32. Q3 2013 REPORT – PTT Public Company Limited – slide 32
    Key Takeaways Highlights Performance Q4/2013 Outlook Q3/2013 operation performance is back to normal 9M/2013 remains on track GSP5 resumed operation in Oct 2013 LPG/NGV issues are still overhung No concern on the…
  33. Q3 2013 REPORT – 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 4.8 % : Cost of debts 4.5 % : % fixed-rate 91.3 % : % fixed-rate 82.5…
  34. Q3 2013 REPORT – PTT Public Company Limited – slide 34
    Statements of Consolidated Cash Flows for 9M 2013 & 2012 9M/2012 9M/2013 9M/2012 9M/2013 Operating 87,717 123,932 Investing -147,400 -70,226 Net Income 81,930 79,261 CAPEX(PP&E, Intangible asset) -87,948 -87,851 Changes in assets &…
  35. Q3 2013 REPORT – PTT Public Company Limited – slide 35
    Statements of Cash Flows for Year 9M 2013 & 2012 (PTT Only) 9M/2012 9M/2013 9M/2012 9M/2013 Operating 29,161 19,482 Investing -437 20,835 Net Income 65,889 57,576 CAPEX (PP&E, Intangible asset) -15,672 -15,081 Changes in assets &…
  36. Q3 2013 REPORT – PTT Public Company Limited – slide 36
    PTT Group Performance : Q3/2013 Performance 100% % share Equity Method % PTT Unit : MMTHB Q2/13 Q3/13 QoQ Q2/13 Q3/13 QoQ PTT Net operating Income 4,213 7,320 74% 4,213 7,320 74% E&P - PTTEP 10,664 17,805 67% 65.29% 7,595 11,853 56%…
  37. Q3 2013 REPORT – PTT Public Company Limited – slide 37
    Data as of 30 Sep 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. Q3 2013 REPORT – PTT Public Company Limited – slide 38
    Oil Balance Thailand: Jan - Sep 2013 Adequate refining capacity maintains the stability of supply Supply Production Sales Import (80%) Domestic Imported Refined Petroleum Products 76 KBD 939 KBD Crude/ Refined Condensate Total…
  39. Q3 2013 REPORT – PTT Public Company Limited – slide 39
    Natural Gas Balance: Jan Sep 2013 Main driver of the Thai economy Supply Production Sales Ethane/ Gulf of Thailand (75%) Propane/ LPG/NGL Petrochemical Feedstock Chevron (15%) Others 33% 2,448 MMSCFD 40% 962 MMSCFD (21%)…
  40. Q3 2013 REPORT – PTT Public Company Limited – slide 40
    Natural Gas Price Structure : Jan Sep 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. Q3 2013 REPORT – 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. Q3 2013 REPORT – 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…

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