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APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited

PTT Public Company Limited · Apr 22, 2009 · 47 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. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 1
    INTRODUCTION TO COAL BUSINESS SPECIAL ANALYST MEETING April 22, 2009
  2. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 2
    COAL TYPES AND ITS CHARACTERISTICS Coals are fossil fuels formed through the oxidation and biodegradation of plant remains preserved dbby water t and d mud. d HIGH MOISTURE CONTENT OF COAL CARBON/ENERGY CONTENT OF COAL HIGH d…
  3. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 3
    COAL VALUE CHAIN AND ITS APPLICATIONS Upstream Intermediate Downstream End Use Coal Mine Coal Industry ain Steel and Cement alue Cha LNG IGCC Power Plants Electricity egrated Coal Va Coalbed Methane CH4…
  4. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 4
    RESOURCE AND RESERVE CLASSIFICATION 4
  5. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 5
    SEABORNE THERMAL COAL TRADE Source: Barlow Jonker Total global seaborne thermal coal trade accounts for more than 600 mtpa Pacific Trade is the largest market for seaborne thermal coal 5
  6. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 6
    ASIA MARKET CONTINUES TO GROW 2.5% CAGR 4 6% 4.6% CAGR 9.8% CAGR Source: Barlow Junker Coal demand growth is the highest among other fuels. 6
  7. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 7
    THERMAL COAL SALES AND MARKET OPTIONS Currently producers offer mid-term contract, lasting 2 or max 3 years, due to volatility in production cost Term and market price Pricing in the Pacific market is based on the Newcastle Thermal…
  8. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 8
    MINING TECHNIQUES Two types of mining techniques Open Cut mining and Underground mining. Depending epe d g on o the t e location ocat o aand d dept depth o of co cover e oof tthe e depos deposit, t, tthe e mine e will be…
  9. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 9
    PRODUCTION PROCESS & INDONESIAN MINING COSTS Production rates vary significantly across mines depending on geological and operating conditions. Production 8-10% of reserves per annum 40-50% of reserves produced by end of plateau…
  10. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 10
    COAL MINING DEVELOPMENT PROCESSES General Survey 10
  11. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 11
    INVESTMENT STRUCTURE (Invest through Lints (Australian based) Limited a fully-own PTT SRL subsidiary of PTT International) 60% 40% Straits Salt SBI (Australian (C l A (Coal Assets t HHolding ldi Company) C ) based) 35%…
  12. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 12
    SBI SPECIAL ANALYST MEETING April 22, 2009
  13. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 13
    Transaction Drivers Vision: SBI established as an energy coal platform, with the financial, technical and operational p capability p y to activelyy pursue p and develop p opportunities pp in the global coal sector.…
  14. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 14
    Transaction Drivers Rationale: Transaction provides both stakeholders with a strong strategic platform from which to grow an international coal business. Coal represents an important long term diversification strategy and…
  15. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 15
    Key Assets of SBI Sebuku b k One of the worlds lowest cost export coal operations. Top quality power station brand. Total production capacity target of 8Mtpa 3.5Mt of sales in 2008 381Mt JORC Resources Jembayan Total production…
  16. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 16
    Operating Coal Mines Location Map 6
  17. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 17
    Sebuku 7
  18. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 18
    8
  19. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 19
    Sakoa 9
  20. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 20
    Coals Position in the Global Energy Equation Source: IEA 11
  21. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 21
    The global seaborne traded thermal coal market has grown steadily since its establishment Global seaborne traded thermal coal market (Mt) 681 669 660 631 583 554 516 455 463 407 346 355 327 286 294 310 260 265 237 196…
  22. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 22
    Global end uses of the primary sources of energy - coal, oil, and natural gas 2010E global end uses of 2010E global end uses of 2010E global end uses of COAL 2010E global end uses of coal OILglobal end uses of oil 2010E NATURAL 2010E…
  23. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 23
    Coal is the most cost competitive fuel source globally Long Run Marginal Cost for new build base-load power stations Long Run Marginal Cost for new build Base-load Power Stations 160 140 120 Thermal coal is the essential…
  24. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 24
    Coal is the most sustainable energy source globally Proved reserves (Bnt) World proved reserve life1 (years) 133 847 Significantly longer reserve life 6.0x 5.0x 60 42 169 142 2 2 Coal Gas Oil Coal Gas Oil Source:…
  25. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 25
    Oil and gas continue to face rising finding and development costs Global finding and development costsactual for selected reporting 30 companies (/boe) 27.97 25 24.10 20 15 11 21 11.21 10 7.27 5 0 1991 1 1992 2…
  26. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 26
    Increase in global energy demand to be fueled by strong demand growth from China and India Global energy demand 2005A2030E 2005E-2030E global energy demand growth by region (%) (quadrillion Btu) 2005A2030E global energy demand growth…
  27. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 27
    Large and Expanding Production Base Sebuku and Jembayan Coal Production (Mt) 20 18 16 JEMBAYAN 14 10.0 12 10 8 7.0 5.2 -8.0 6 40 4.0 2.1 4 8.0 1.0 2 3.5 3.4 3.6 2.0 SEBUKU 2.6 3.0 -3.0 15 1.5 20 2.0 2.1 20…
  28. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 28
    Supply Demand Fundamentals: The Price Equation Newcastle coal benchmark prices (US/ton) Comment 220 C l price Coal i fell f ll c. 68% from historical high of 200 US192/t to US62/t Newcastle Spot Contract 2004 2006, average…
  29. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 29
    Consensus thermal coal price forecast Benchmark thermal coal prices (December YE) Comment 220 Historical spot prices Current consensus forecast Historical contract prices Consensus forecast (July 2008) 200 Near to medium term of…
  30. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 30
    Cost Competitive Producer 2007 Seaborne Thermal FOB Cash Cost Curve Energy Adjusted to 6,350 Kcal/kg GAR 80 70 60 50 /t US 40 Jembayan 30 Sebuku 20 10 50 100 150 200 250 300 350 400 450 500 550 Global…
  31. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 31
    Sebuku Brand Coal The Sebuku brand name is well known and well regarded in both Asia and Europe where power generators and other users have been relying on delivery of the high quality Sebuku Coal for over ten years Quality…
  32. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 32
    Jembayan Coal Products Quality Specifications Parameter Jembayan Prangat Ash % (adb) 4.0 7.0 Sulphur % (adb) 0.2 0.6 CV Kcal/kg (GAR) 5,414 5,700 Total Moisture % (GAR) 22.0 18.5 Ash Fusion Temperature 1,200 1,230 oC 23
  33. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 33
    Indonesian Coal Comparison 6,100 Mahakam Sumber Jaya - MSJ Coal Adaro - Envirocoal 5 900 5,900 Sebuku - Sebuku Coal PTBA - Air Laya Kaltim Prima Coal- Melawan 5,700 Jembayan y Prangat Coal 5,500 Kideco - Roto South…
  34. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 34
    High Quality, Diversified Customer Base 32% of Total Sales to Japanese Power Companies (2008) 80-90% of sales concluded under long-term contracts Outstanding reputation for reliable product delivery and quality control Key…
  35. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 35
    2008 Financial Performance Summary Sales of 8.6 million tonnes Revenue of US 585.2 million Profit after tax of US 124.4 million Cash flow from operations US 191.5 million Average Sales Price USD 70.50/t 70 50/t 26
  36. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 36
    Coal is the Centre of Rapidly Developing Markets Carbon Trading Clean Coal Technology Coal Futures Coal Derivatives & Swaps p C b Capture Carbon C t and d Storage St Coal Trading: Combustion Technology gy COAL Ph i l &…
  37. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 37
    Global COAL PHYSICAL PRODUCTS FINANCIAL PRODUCTS -- fixed price -- OTC -- Phys NEWC S Swap NEWC IIndex d Phys RB Swap API2 (ARA) Phys ARA (DES) Swap API4 (RB) Phys ARA (FOB Barge) -- cleared -- Phys INDO A / A2 / B ICE…
  38. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 38
    Million tonne M es 0 5 10 15 20 25 30 Q2'01 Q 35 Q3'01 Q Q4'01 Q Q1'02 Q Q2'02 Q Q3'02 Q Q4'02 Q Q1'03 Q Q2'03 Q Q3'03 Q Physical Q4'03 Q Q1'04 Q Q2'04 Q Q3'04 Q Q4'04 Q Financial…
  39. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 39
    Clean Coal Technologies Coal's technical response to the environmental challenge is ongoing..... with three core elements Reducing carbon dioxide emissions with the development of carbon capture and storage Improving combustion…
  40. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 40
    The Carbon Capture and Storage Process 2CRC CO2 31
  41. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 41
    Injection and Storage CRC CO2C 32
  42. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 42
    Latest Developments: Global Carbon Capture p and Storage g Institute Officially launched last week in Australia to: Drive global cooperation on CCS projects and technologies. Accelerate the deployment of carbon capture and storage…
  43. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 43
    Carbon Capture and Storage Projects in Australia 34
  44. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 44
    Global Response - Global Solutions Existing and Planned CCS Projects 35
  45. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 45
    A Multi-step Process to near Zero Emissions 36
  46. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 46
    Conclusions and Outlook for SBI Attractive coal industry fundamentals. fundamentals Energy security and economic growth to underpin thermal coal as a dominant fuel for decades. Environmental solutions gathering global momentum…
  47. APRIL 2009 CORPORATE PRESENTION – PTT Public Company Limited – slide 47
    THANK YOU 38

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