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APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Apr 8, 2013 · 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 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 1
    Investor Update April 2013
  2. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Overview Performance 2013 Outlook Overview Performance 2013 Outlook 1
  3. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 3
    Oil Balance Thailand: Jan - Dec 2012 Adequate refining capacity maintains the stability of supply Overview Performance 2013 Outlook Supply Production Sales Import (81%) Domestic Imported Refined Petroleum Products 68 KBD 923 KBD…
  4. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 4
    Natural Gas Balance: Jan Dec 2012 Main driver of the Thai economy Overview Performance 2013 Outlook Supply Production Sales Ethane/ Indigenous (79%) Propane/ 3,591 MMSCFD LPG/NGL Petrochemical Feedstock (14%) Chevron 2,541…
  5. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 5
    PTT is Thailands Largest Energy Company Overview Performance 2013 Outlook PTT Public Limited Company (PTT) Robust revenue and Net Income growth since IPO (MMUSD) Largest company on Thai Stock exchange 93,128 Market cap US30bn1…
  6. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 6
    PTTs Strategic Importance to Thailand Overview Performance 2013 Outlook Ministry of Finance holds majority stake in PTT PTT ratings at Thai sovereign level Public 34% Thai Ministry Foreign 18% of Finance 51% Kingdom of Thai 16%…
  7. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 7
    Our Major Businesses & Activities Overview Performance 2013 Outlook Business Areas Company PTTs holding (%) Activities Upstream E&P PTTEP 65.29% Exploration and Production PTT PLC Intermediate Gas Pipeline 100% Sole…
  8. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 8
    PTT Aspiration Strategic direction and target to achieve Big-Long-Strong aspiration Overview Performance 2013 Outlook Thai Premier Multinational Energy Company Strong TOP Quartile ROIC Big Long Ranked Fortune 95th Ranked in…
  9. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 9
    Net Income Performance: 2012 vs 2011 Overview Performance 2013 Outlook Unit : MMTHB 2% 106,260 104,666 Crude intake increase 1% 13,445 Refinery 8,865 Avg. GIM decrease 32%, mainly from stock loss 18,824 Sales vol. increase 8%…
  10. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 10
    Contents Overview Performance 2013 Outlook Overview Performance 2013 Outlook 9
  11. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Exploration & Production Performance : PTTEP (65.29%) Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Product Prices Net Income (100%) 2% 1% Unit: MMUSD 26% 99.35 101.81 102.23 103.27 Liquid…
  12. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 12
    Exploration & Production Roadmap : PTTEP Highlights Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Target Sales Volume Reserves and Resources Unit: KBOED Unit: MMBOE 3,986 73% International 1,786 10%…
  13. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 13
    Gas Business Performance : Natural Gas Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others NG Sales Volume GSP - Reference Product Prices Unit: MMSCFD Unit : USD/Ton 4,746 AVG. 4,611 1,443 1,462 1,585 PP…
  14. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 14
    Gas Business Performance Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Gas BU EBITDA NGV EBIT Unit: MMTHB Unit : MMTHB 16% Q3/12 Q4/12 2011 2012 62,195 52,266 -5,052 Others (9%) -5,240…
  15. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 15
    Gas Business Roadmap Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Unit : MMSCFD 6,000 5% 7% NGV 6% 17% Industry 14% 4,000 19% GSP 21% Power 2,000 57% - EGAT 59% - IPP - SPP 0 2012 2013…
  16. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 16
    Oil Business Performance : PTT Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Oil BU - EBITDA Unit : THB/Liter Unit : MMTHB 17% 15,443 15% 15% 13,224 0.86 10% 13,603 0.84…
  17. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 17
    Oil Business Development Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others PTT Innovation Growing PTT brand internationally Smart Fuel-up Technology Regional Top Brand in ASEAN PTT life Station…
  18. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 18
    International Trading Business Performance : PTT Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Trading BU - EBITDA* Unit :THB/Liter Unit : MMTHB 166% 40% 29% 0.10 5,997…
  19. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 19
    International Trading Business: Roadmap Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Australia S.Africa USA Shanghai Japan BKK Singapore Dubai Guangzhou Jakarta Korea London Genve India…
  20. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 20
    Refining Business Performance Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others GRM/GIM Net Income (100%) Unit : USD/BBL 109 Unit : MMTHB 108 Dubai 106 106 43% 32% 78% 37% A/C GIM 10.80 9.40 6.41…
  21. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 21
    Refinery Project Update Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others PXMax Upgrading PX 38 KTA & BZ 82 KTA COD: Sep 2012 Solvent Expansion (SAKC) Increase capacity from 76 to 180 KTA Expected…
  22. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Petrochemical Business Performance Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Spread Margins Net Income (100%) Unit : USD/Ton Unit : MMTHB HDPE-Naphtha PX-Naphtha 1% 20% 9% 37,217 37,719 4%…
  23. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 23
    Petrochemical Project Update Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Debottleneck - PTTPE Cracker & Polymer Plants Under study plant configurations Expecting additional capacity of 15-20%…
  24. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 24
    Other Businesses : Coal - SAR (93.63%) Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Avg. Selling Price & Cash cost Net Income (100%) Unit : USD/Ton Unit : MMUSD 190.3 43% 7% 7% 93 84 87 Selling…
  25. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 25
    Other Businesses : Power GPSC (30.10%) PTT is to streamline PTT Group Power Business Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others PTTUT + IPT = Global Power Synergy Company GPSC Capacity…
  26. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 26
    Other Businesses : Power GPSC (30.10%) Oversea Opportunities Overview Performance 2013 Outlook E&P Gas Oil & Trading Refining PetChem Others Myanmar Invest in hydro and coal-fired power plant in order to transmit power back to…
  27. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 27
    PTT Consolidated Performance: 2012 Overview Performance 2013 Outlook Dubai (USD/BBL) 109 2012 106 Others PTTEP 4% Unit : MMTHB 7% 15% PTT - Gas 16% Revenue 2,793,833 2,428,126 73% Revenue PTT - Oil & Trading Others 2011…
  28. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Statement of Financial Position : Solid and Secured Overview Performance 2013 Outlook Increased assets : Unit: MMTHB 4th Onshore pipeline Offshore compressor PTTEP Australasia Myanmar Zawtika Strong Financial Position Bongkot…
  29. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 29
    Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net income Overview Performance 2013 Outlook 43.6% 40.4% 32.4% 32.6% 29.8% 30.1% 30.3% 30.8% 33.0% 34.7% 34.9% 35.5% Dividend…
  30. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 30
    Contents Overview Performance 2013 Outlook Overview Performance 2013 Outlook 29
  31. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 31
    Economic Outlook : Challenges ahead Overview Performance 2013 Outlook Gradual economic growth but Fiscal Cliff concern weight down Fiscal risk is not over even though the debt ceiling battle has been suspended Eurozone economy…
  32. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 32
    Market Outlook : Crude Oil Overview Performance 2013 Outlook Monthly Avg. Dubai Crude Oil Dubai PRISM (PTT Group) Forecast 122.5 116.2 117.3 111.2 111.73 109.8 108.6 109.80108.23 107.3 106.3 107.3 106.3 107.6 106.35 106.08…
  33. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Market Outlook : GRM Overview Performance 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 2013 is estimated to around 6-7 USD/BBL Refineries turnaround…
  34. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 34
    Market Outlook : Petrochemical Overview Performance 2013 Outlook Unit :USD/ton Olefins Aromatics Y2013 Y2013 2000 2000 1800 1800 PX 1600 PP 1600 1400 1400 BZ HDPE 1200 1200 1000 1000 800 Naphtha 800 Naphtha 600 600 400 400…
  35. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 35
    PTT: CAPEX (PTT and Wholly Owned Subsidiaries) PTT plans to invest Bt 366bn (12bn) during 2013-2017 Overview Performance 2013 Outlook CAPEX Breakdown : 5 Years Unit: MMTHB Investment in Joint Venture and its subsidiaries By Business…
  36. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 36
    PTT Group CAPEX 2013 2017 THB 1 Trillion* Overview Performance 2013 Outlook R & D , 2% Thailand 56% Biochemical P&R*, 28% SE Asia 20% Specialty North America 16% Green energy PTTEP*, 38% Australasia 3% ME & Africa 5% JV &…
  37. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 37
    PTT Group Performance : 2012 Performance 100% % share Equity Method % PTT Unit : MMTHB 2011 2012 YoY 2011 2012 YoY PTT Net operating Income 47,246 45,229 -4% 47,246 45,229 -4% E&P - PTTEP 44,749 57,316 28% 65.29% 30,558 36,168 18%…
  38. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 38
    PTT Consolidated Performance: Q4/2012 Dubai (USD/BBL) 108 Q4/2012 106 Others PTTEP 4% Unit : MMTHB 7% PTT - Gas 7% 17% Revenue 732,886 686,025 72% Revenue PTT - Oil & Trading Others Q3/12 Q4/12 PTT - Oil & Trading 5%…
  39. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 39
    PTT Group Performance : Q4/2012 Performance 100% % share Equity Method % PTT Unit : MMTHB Q4/11 Q4/12 YoY Q4/11 Q4/12 YoY PTT Net operating Income 7,612 7,845 3% 7,612 7,845 3% E&P - PTTEP 15,150 13,768 -9% 65.29% 10,435 8,521…
  40. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 40
    Statements of Consolidated Cash Flows for Year 2012 & 2011 2011 2012 2011 2012 Operating 177,286 177,401 Investing -160,281 -180,576 Net Income 106,260 104,666 CAPEX(PP&E, Intangible asset) -112,448 -116,649 Changes in assets &…
  41. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Statements of Cash Flows for Year 2012 & 2011 (PTT Only) 2011 2012 2011 2012 Operating 72,632 61,345 Investing -15,270 -67,176 73,434 74,697 CAPEX (PP&E, Intangible Net Income -24,842 -20,460 asset) Changes in assets & liabilities…
  42. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 42
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio Unit : MMTHB PTT Only Consolidated : Cost of debts 4.86 % : Cost of debts 4.56 % : % fixed-rate 94 % : % fixed-rate 85…
  43. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 43
    Thailands projected energy demand Commercial Primary Energy Consumption KBD 4,000 3,533 3,079 3,500 Nuclear 1% 4% 2,649 4% 3,000 14% 14% 2,218 3% 2,500 Hydro/Import 13% 1,841 16% 17% 3% Renewable 2,000 12% 16% 2%…
  44. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 44
    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 2% : GSP 0% : Industry 3%…
  45. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 45
    Data as of 31 Dec 2012 Petrochemicals & E&P and Gas Business Group Oil Business Group Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
  46. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 46
    Natural Gas Price Structure : Jan Dec 2012 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…
  47. APRIL 2013 INVESTOR UPDATE – PTT Public Company Limited – slide 47
    2012-2013 Accolades PTT is widely recognized among business communities both international and local 144th in 2013 DJSI Member 95th in 2012 167th in 2012 2012-2013 128th in 2011 171th in 2011 155th in 2010 Platts Top 250 Asian…

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