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INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Apr 2, 2011 · 48 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. INVESTOR UPDATE – PTT Public Company Limited – slide 1
    Draft Investor Update April 2011
  2. INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Highlight & PTT Aspiration Expansion & Growth 2010 Financial Performance 2011 Economic and Market Outlook 3/20
  3. INVESTOR UPDATE – PTT Public Company Limited – slide 3
    Highlight of activities to date Proactive in M&A Investment/M&A Canadian Oil Sands, 40% acquisition by PTTEP PTTCH & PTTAR merger, creating synergistic value SAR Coal, increasing to 45.6% shareholding Laos Xayaburi Hydro power…
  4. INVESTOR UPDATE – PTT Public Company Limited – slide 4
    PTT Groups Vision & Aspiration Becoming Thai Premier Multinational Energy Company Aspiration : Becoming a Global Fortune 100 Company by 2020 With Top Quartile Performance and on DJSI by 2013 Strategic Framework Balance All…
  5. INVESTOR UPDATE – PTT Public Company Limited – slide 5
    Contents Highlights & PTT Aspiration Expansion & Growth 2010 Financial Performance 2011 Economic and Market Outlook 6/20
  6. INVESTOR UPDATE – PTT Public Company Limited – slide 6
    Oil Balance Thailand: 2010 Adequate refining capacity maintains the stability of supply Supply Production Sales Import (79%) Domestic Imported Refined Petroleum Products 54 KBD 870 KBD Crude/ Refined Condensate Total Refining…
  7. INVESTOR UPDATE – PTT Public Company Limited – slide 7
    Natural Gas Balance Thailand: 2010 Main driver of the Thai economy Supply Production Sales Indigenous (79%) Ethane/ Total 4,012 MMscfd 3,205 MMscfd Propane/ LPG/NGL Petrochemical Others 22% Feedstock (9%) Chevron 1,865 MMscfd…
  8. INVESTOR UPDATE – PTT Public Company Limited – slide 8
    PTTEP Upstream Major projects coming to production Expected Sales Volume 000 BOED Proved Reserves 1,043 MMBOE 350 327 316 319 311 300 273 265 250 MTJDA Overseas 41% 200 Arthit Domestic 59% 150 Bongkot 100 Policy…
  9. INVESTOR UPDATE – PTT Public Company Limited – slide 9
    PTT : Gas Business Expansion to meet future gas demand Gas Demand Outlook Unit : mmscfd 6000 NGV 4% Industry 15% 4000 4% 11% GSP 20% 17% 2000 68% Power 61% 0 2010 2011 2012 2013 2014 2015 LNG New Supply JDA B17…
  10. INVESTOR UPDATE – PTT Public Company Limited – slide 10
    PTT : Oil and Trading Business Market leader in Thailand, going international Thailands Market Share Others 3% 22% 36% 9% Best in class operation 9% 9% o Depot & Logistics management 12% Increase non-oil business o Life…
  11. INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Refining Sector Focus on value creation and products quality improvement 2010 2011 2012 2013 2014 2015 Total TLB EURO IV PX & BZ Benzene Power Plant 1,302 MM Specialties Upgrading Derivatives 220MW Ethanol UBE PX 100 KTA LAB 100…
  12. INVESTOR UPDATE – PTT Public Company Limited – slide 12
    Petrochemical Sector Major expansion in 2011 2010 2011 2012 onwards Total Olefins 1,588 KTA Ethylene 1,000 KTA HDPE 300 KTA 1,300MM Polymers 590 KTA LLDPE 400 KTA LDPE 300 KTA EO-Based 515 KTA Oleochemicals 962 KTA Phenol…
  13. INVESTOR UPDATE – PTT Public Company Limited – slide 13
    PTT International Future Growth of PTT Coal Pipeline SAR Unit : MM Ton EMG (Egypt) 17 11 14 Investing 25% in EMG 9 10.7 8.5 Offshore natural gas pipeline system from Egypt to Israel 2008 2009 2010 2011 2012 2013 2010 Sales…
  14. INVESTOR UPDATE – PTT Public Company Limited – slide 14
    PTT: CAPEX (PTT and wholly owned Subsidies) PTT plans to invest Bt 327 bn (10.9bn) during 2011-2015 Unit: MM Baht CAPEX 2011 - 2015 327,038 R&D / Others Committed projects 228,789 JV M&A opportunities 98,249 LNG 94,809 Oil Gas…
  15. INVESTOR UPDATE – PTT Public Company Limited – slide 15
    Contents Highlights in 4Q/2010 Expansion & Growth 2010 Financial Performance 2011 Economic and Market Outlook 16/20
  16. INVESTOR UPDATE – PTT Public Company Limited – slide 16
    Performance Highlights Net profit jumped in 2010 +26% YoY +14% QoQ 4Q/2010 78 84 Gas 62 74 16% Dubai (/bbl) PTTEP 7% +20% YoY Unit : MM Baht 3% Others 1,900,005 Oil US 16,381 1,586,174 74% mm +7% QoQ 461,402 493,550…
  17. INVESTOR UPDATE – PTT Public Company Limited – slide 17
    Balance Sheets : Solid and Secured Growing Assets with strong financial position Unit : MM Baht Ethane Separation Plant 100% Coogee WIP of Montara & Bongkot, Strong Financial Position PTTLNG, PTT Asahi, GSP6, & acquisition by…
  18. INVESTOR UPDATE – PTT Public Company Limited – slide 18
    Contents Highlights in 4Q/2010 Expansion & Growth 2010 Financial Performance 2011 Economic and Market Outlook 19/20
  19. INVESTOR UPDATE – PTT Public Company Limited – slide 19
    Economic & Market Outlook 2011 The global economy grows at slower pace, driven by the developing and the emerging countries. The IMF projected the 2011 growth at 4.7%. Thai economy is also expected to expand following the global…
  20. INVESTOR UPDATE – PTT Public Company Limited – slide 20
    Thank you PTT Public Company Limited Investor Relations Department Tel. +66 2 537-3518, Fax. +66 2 537-3948, Email: irpttplc.com, http://www.pttplc.com, http://www.twitter.com/PTTIR
  21. INVESTOR UPDATE – PTT Public Company Limited – slide 21
    Statements of Cash flows (Company Only) : For the year ended 2010 Unit : MM Baht Cash Operating CAPEX & Investment Finance Cash Beginning 65,701MB (29,133) MB (18,025) MB Ending Repayment Change in NWC Bond & Loan 33,447 4,762…
  22. INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio PTT Only Consolidated : Cost of debts 4.96 % : Cost of debts 4.62 % : % fixed-rate 89.11% : % fixed-rate 85.13 % : Avg.…
  23. INVESTOR UPDATE – PTT Public Company Limited – slide 23
    PTTEP: Operating and Financial performance Earnings continuously improved from both sales volume and price Sales Volume Product price +9% YoY 2010 4Q Unit: BOED +13% YoY +3% QoQ %YoY %YoY %QoQ Liquid +27% +11% +13% 272,198 Weight…
  24. INVESTOR UPDATE – PTT Public Company Limited – slide 24
    PTT : Natural Gas Sales & Transmission Pipeline Continuing demand growth due to the economic recovery Gas Sales Volumes (mmscfd) heat 1,000 Customer Profile Existing pipelines capacity 4,380 mmscfd EGAT IPP SPP GSP Indus try NGV…
  25. INVESTOR UPDATE – PTT Public Company Limited – slide 25
    PTT : Gas Separation Plants Better earnings driven by higher sales volume Product Prices (/ton) Sales Volume (x 1,000 tons) +2% YoY 4,213 4,290 1,419 269 268 6% PP 1/ Propane 1,222 1,209 1,260 HDPE 1/ 1,134 1,340 1,065 1,163…
  26. INVESTOR UPDATE – PTT Public Company Limited – slide 26
    PTT : Oil Business Market leader in oil retails at 36% market share Oil Marketing : sales volume 240 KBOE/d Thailands Market Share Unit : Million liters As of December 2010 +7% YoY +6% YoY 13,008 13,953 +5% QoQ 11% Others 3% 11%…
  27. INVESTOR UPDATE – PTT Public Company Limited – slide 27
    Petrochemical Affiliates Higher performance QoQ from increased sales volume and spread margins Product Prices - Ethylene Chain Product Prices - Propylene Chain Unit : US/Ton Unit : US/Ton 1,419 1,271 1,340 1,222 1,260 1,209…
  28. INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Refining Associates GRM & GIM Improved Market GRM & GIM Unit : US/bbl Unit : US/bbl 12 12 Market GRM Market GIM 10.0 10 Accounting GRM 10 Accounting GIM 8.4 8 8 7.3 6.9 7.1 6.2 5.8 6 6 5.3 5.1 4.9 4.9 5.0 4.7 4.6 4.1 4.3…
  29. INVESTOR UPDATE – PTT Public Company Limited – slide 29
    Refining Associates Lower performance YoY from the narrowed stock gain and hedging gain Unit : MM Baht TOP 275 kbpd (PTT 49.10%) PTTAR 280 kbpd (PTT 48.60%) 99 95 95 97 94 102 103 104 105 105 21,393 17,432 20,031 12,062…
  30. INVESTOR UPDATE – PTT Public Company Limited – slide 30
    Coal business (PTT controls 27% shareholding in Straits Asia) Expected production boost-up from the Northern lease license Sales Volume & Price Production Profile 82 73 82 72 76 Unit : MM Tons 17 Avg. sales Price US/Ton 14…
  31. INVESTOR UPDATE – PTT Public Company Limited – slide 31
    PTTs Strategic Importance to the Thai Economy Thai Premier Multinational Energy Company PTT has the largest market cap on the SET SET Market Cap = Baht 8.7 trillion PTTEP PTTCH 7.3% 2.8% TOP OTHERS PTT Group 2.0% 72.6% 27.4%…
  32. INVESTOR UPDATE – PTT Public Company Limited – slide 32
    Our major businesses & activities Business Areas Company PTTs holding (%) Activities PTTEP 65.34% Exploration and Production E&P Upstream PTT PLC Gas Pipeline 100% Sole owner/operator of the Transmission pipeline Gas S&M 100%…
  33. INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Thailands projected energy demand Commercial Primary Energy Consumption KTOE 180,000 161,323 160,000 138,599 3% 7% 140,000 118,986 2% 6% 16% 120,000 102,264 3% 15% Hydro/Import 15% 100,000 86,689 2% 19% Renewable 17% 2%…
  34. INVESTOR UPDATE – PTT Public Company Limited – slide 34
    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 2010-2030) : Total 1% : Power 1% 6,000 : GSP 2% mmscfd :…
  35. INVESTOR UPDATE – PTT Public Company Limited – slide 35
    Natural Gas Price Structure Gas prices are mostly agreed under long-term contracts and volatility pass-through to ensure stable returns. Sales Price Structure Customers Gas Pool Price + Supply Margins + Pipeline Tariffs Power…
  36. INVESTOR UPDATE – PTT Public Company Limited – slide 36
    Oil Prices Movement : Our Key Value Driver Petroleum prices Crude FO Gasoline HSD USD/BBL 4Q/10 vs 3Q/10 14% 10% 15% 11% 4Q/10 vs 4Q/09 12% 7% 18% 18% 160 140 116.8 Dubai 2010 avg. = 78/bbl 120 Dubai 2009 avg. = 62/bbl 113.3…
  37. INVESTOR UPDATE – PTT Public Company Limited – slide 37
    Petrochemical Market Reference Prices: Driven by Crude Oil Price Petrochemical prices Aromatics prices LPG Naptha PP HDPE Benzene ParaXylene 4Q/10 vs 3Q/10 30% 22% 13% 13% 4Q/10 vs 3Q/10 14% 36% 4Q/10 vs 4Q/09 22% 8% 22% 5% 4Q/10…
  38. INVESTOR UPDATE – PTT Public Company Limited – slide 38
    Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net income EPS DPS % Dividend Payout 43.6% 40.4% 32.4% 32.6% 29.8% 30.1% 30.3% 30.8% 33.0% 35.0% 25% 25% PTTs minimum payout…
  39. INVESTOR UPDATE – PTT Public Company Limited – slide 39
    Data as of 31 December 2010 E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production…
  40. INVESTOR UPDATE – PTT Public Company Limited – slide 40
    PTT Group Performance improved YoY Performance 100% % share Equity Method % PTT Unit : MM Baht 2009 2010 YoY 2009 2010 YoY PTT Company Only 39,651 54,577 38% 39,651 54,577 38% Less: Dividend Received 14,493 18,317 26% 14,493 18,317 26%…
  41. INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Economic and Market Outlooks 2011 GDP Growth Dubai Crude Price /bbl China India WTI Brent Thailand Dubai World US Singapore GRM /Ton Petrochemical Product Spreads /bbl 800 700 Singapore 600 Complex Refinery PX…
  42. INVESTOR UPDATE – PTT Public Company Limited – slide 42
    Transaction Rationale and Strategic Benefit 43 43
  43. INVESTOR UPDATE – PTT Public Company Limited – slide 43
    PTTs Petrochemical Flagship 44 44
  44. INVESTOR UPDATE – PTT Public Company Limited – slide 44
    Strong Immediate Synergies and Identified Long Term Synergies 45 45
  45. INVESTOR UPDATE – PTT Public Company Limited – slide 45
    New Product Opportunities 46 46
  46. INVESTOR UPDATE – PTT Public Company Limited – slide 46
    What are Bioplastics Bioplastics are derived from renewable biomass such as corn starch, tapioca starch and sugarcane. Some bioplastics are biodegradable. Biodegradeable plastics are compostable under certain conditions, such…
  47. INVESTOR UPDATE – PTT Public Company Limited – slide 47
    PTT MCC Biochem Co., Ltd. Applications of PBS PTT has jointly invested in PTT MCC Biochem Co., Ltd. with Mitsubishi Chemical Corporation at 50% shareholding. PTT MCC Biochem will be producing Polybutylene Succinate (PBS),…
  48. INVESTOR UPDATE – PTT Public Company Limited – slide 48
    Bioplastics: Going more green products Biodegradable PBS, PBAT PLA, PHA PTT Petro-base MCC Bio-base Biochem Bio-PE Bio-PP PTTs Bio-PS petrochemical Bio-PVC business Bio-ABS Bio-PC PTT Non-Biodegradable…

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