Skip to main content JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited Investor Presentation | Shale Experts
Loading...
Pm

JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Jan 3, 2011 · 61 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. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 1
    Draft Investor Update January 2011
  2. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Thailand Oil & Gas Group Overview 9M/10 Financial Performance 9M/10 Activities & Operational updates Economic and Market Outlook 3
  3. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 3
    About Thailand 9M/2010 Energy Information Total Petroleum Supply : 1,810 KBD Totall Petroleum l Demand d & Export : 1,585 8 KBD Crude Oil : 1,101 KBD Domestic Demand : 1,341 KBD - Import (incl. refined prod.) 864 KBD (79%) -…
  4. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 4
    Contents Thailand Oil & Gas Group Overview 9M/10 Financial Performance 9M/10 Activities & Operational Updates Economic and Market Outlook 5
  5. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 5
    PTTs Strategic Importance to the Thai Economy Ownership : Ministry of Finance Direct and Indirect 66%, Public 34% PTT has the largest market cap on the SET Shareholders structure Vayupak PTTCH Fund, PTTEP 15% Public, 2.7% 6.6%…
  6. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 6
    Recognition: Confidence & Credibility PTT is widely recognized among business community both local and international PTTs international ratings are comparable to sovereign ratings Foreign Currency : A3/BBB+/BBB/A-…
  7. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 7
    Our major businesses & activities Business Areas Company PTTs holding (%) Activities PTTEP 65.35% Exploration and Production E&P Upstream m PTT PLC Gas Pipeline 100% Sole owner/operator of the Transmission pipeline Gas S&M…
  8. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 8
    Contents Thailand Oil & Gas Group Overview 9M/10 Financial Performance 9M/10 Activities & Operational updates Economic and Market Outlook 9
  9. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 9
    Oil Prices Movement : Our Key Value Driver Petroleum prices Crude FO Gasoline HSD 3Q/10 vs 2Q/10 -5% -3% -6% -4% USD/BBL 3Q/10 vs 3Q/09 9% 7% 7% 15% 160 140 120 116.8 113.3 100 80 91.1 75.4 78.0 60 67.9 75.9 73.9 59.1 40…
  10. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 10
    Petrochemical Market Reference Prices: Driven by Crude Oil Price Petrochemical prices Aromatics prices LPG Naptha p PP HDPE Benzene ParaXylene y 3Q/10 vs 2Q/10 -13% -7% -6% -6% 3Q/10 vs 2Q/10 -7% -6% 3Q/10 vs 3Q/09 15% 0.3% 6%…
  11. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Revenues 9M/10 Stronger revenues YoY driven by higher sales volume and sales prices Crude Dubai (US/bbl) +33% YoY -34% YoY 9M/10 Revenue Breakdown 93 62 57 76 Gas Unit : MM Baht 2,000,816 -21% YoY +24% YoY PTTEP 1 586 174…
  12. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 12
    EBITDA 9M/10 EBITDA improved from increased sales volume and prices, especially PTTEP & Gas business Crude Dubai (US/bbl) -34% YoY +33% YoY 9M/10 EBITDA Breakdown 93 62 57 76 Petrochem Coal Oil Mkt Unit : MM Baht 1% -9% YoY Int…
  13. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 13
    Net Income 9M/10 earnings improved in all businesses except Refining and Coal Crude Dubai (US/bbl) +33% YoY -34% YoY 9M/10 Net Income Breakdown 93 62 57 76 Refining Coal Other Affi Unit : MM Baht Asso. -1% +15% YoY +39% YoY…
  14. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 14
    PTT Group Performance improved YoY Unit : MM Baht 2008 2009 YoY 9M/09 9M/10 YoY Net Income (Cost Method) Net Income (Cost Method) 59 994 59,994 39 651 39,651 34% 30 934 30,934 45 115 45,115 46% Less: Dividend Received 27,616 14,493…
  15. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 15
    Balance Sheets : Solid and Secured Growing Assets with strong financial position Unit : MM Baht Ethane Separation Plant WIP of Montara & Bongkot, 100% Coogee acquisition by PTTEP PTTLNG, PTTAC, GSP6, &PTT Strong Financial…
  16. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 16
    Debt Profile : Control Cost & Manage Risk Minimize financial risks with lower cost of debts Debt Portfolio Consolidated debt Bt 360 bn (11.8 bn) PTT Only Consolidated : Cost of debts 4.95 % : Cost of debts 4.6 % PTTEP : %…
  17. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 17
    Contents Thailand Oil & Gas Group Overview 9M/10 Financial Performance 9M/10 Activities & Operational updates Economic and Market Outlook 18
  18. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 18
    PTTEP: The only Exploration and Production Arm of PTT High gas reserves with long Life Index Operations : 43 Projects in 12 Countries Proved Reserves 1,099 MMBOE By Product By Geography Middle East (2) Oman Liquid Bahrain 20%…
  19. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 19
    PTTEP: Operating and Financial performance For 9M/10, earnings significantly improved from both sales volume and price Sales Volume and Price 9M /10 Product Mix 2009 9M %YoY %YoY By Volume By Revenue Sales Vol. (BOED) +7% +15% 80…
  20. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 20
    PTTEP: Sales Volume and Investment Profile Average growth rate of 5.6% with majority spending in development projects Expected Sales Volume 000 BOED 350 304 305 307 300 M9 276 254 Algeria 250 234 Vietnam 16-1 200…
  21. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 21
    PTT: Transmission Pipeline Network Sole owner and major operator of transmission pipelines in Thailand MYANMAR LAOS Gas Transmission Pipelines Puhom Current Capacity of 4,380 mmscfd Current p pipeline p length: g 3,508 ,…
  22. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 22
    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 S PP GSP Ind ustry NGV…
  23. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 23
    PTT: Gas Separation Plants GSP is designed to extract higher product value from natural gas Gas Separation Plant 5 existing Gas Separation Plants(GSPs) and Ethane Separation Plant with the production capacity of 4.9 MTA GSP6 has…
  24. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 24
    PTT : Gas Separation Plants Better 9M/2010 earnings driven by higher sales price Product Prices (/ton) Sales Volume (x 1,000 tons) +4% YoY 1,536 -4% YoY 4,066 4,213 1,535 1,313 PP 1/ 6% 3,178 1,134 1,109 HDPE 1/ 180 269…
  25. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 25
    Strategic Roadmap : Core Value Creators Infrastructure is under expansion to enhance capability to meet future gas demand Gas Demand Outlook Unit : mmscfd 6000 5000 NGV 4% Industry 15% 4000 4% 11% GSP 20% 3000 17% 2000 68%…
  26. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 26
    Projects update Gas Separation p Plant Unit6 g Terminal Phase I LNG Receiving Location : Map Ta Phut,Rayong Location : Map Ta Phut, Rayong Proj Cost : US880 mm Proj Cost : US780 mm Capacity : 5 MTA Capacity : 1,840 KTA COD :…
  27. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 27
    PTT : Oil Business Market leader in oil retails at 36% market share with 1,132 gas stations nationwide (excl. PTTRM) Oil Marketing : sales volume 239 KBOE/d Thailands Market Share Unit : Million liters -2% YoY 13,274 +8% YoY As of…
  28. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Coal business (PTT controls 27% shareholding in Straits Asia) 9M/10 performance decreased YoY resulted from weaker sales price and higher cost Sales Volume & Price Production Profile 85 82 82 72 Unit i : MM Tons Avg. sales Price…
  29. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 29
    PTT: CAPEX (Company Only) PTT plans to invest Bt 327 bn (10.9bn) during 2011-2015 5 Years CAPEX Breakdown CAPEX 2011 - 2015 327,038 By Business Unit JV-LNG Unit: MM Baht 3% JV Overseas 41% R&D & Others JV Gas Oil 39%…
  30. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 30
    Petrochemical Affiliates Higher performance in 9M/10 from increased sales volume and spread margins Product Prices - Ethylene Chain Product Prices - Propylene Chain Unit : US/Ton Unit : US/Ton 1,536 PP1/ 1,535 HDPE1/ 1,313 1,134…
  31. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 31
    Petrochemical: Strategic Roadmap - Integrated Value Enhancers Most downstream petrochemical value creation projects to be completed within 2011 2010 2011 2012 2013--14 2013 LDPE 300 KTA Ethylene 1,376 KTA Propylene 487 KTA…
  32. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 32
    Refinery Business in Thailand PTT represents 36 36% % of total refining capacity by equity portion RPC 1% ESSO (177 kbpd) TOP (275 kbpd) ESSO (PTT 49.10%) 14% TOP RPC (17 kbpd) 22% IRPC BCP (120 kbpd) 18% (PTT 28.46%)…
  33. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Refining Associates GRM & GIM Improved Market GRM & GIM despite the decrease in Account GRM & GIM as squeezed in spread margin 8 8 Unit : US/bbl Unit : US/bbl Market GRM Accounting GRM 7 7 Market GIM Accounting GIM 6.3 6.5 5.8…
  34. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 34
    Refining Associates Lower performance as an narrow in both GRM & GIM Unit : MM Baht TOP 275 kbpd (PTT 49.10%) PTTAR 280 kbpd (PTT 48.63%) PTTAR 280 kbpd (PTT 48 63%) 100 99 101 95 21,393 17,757 102 102 103 87 20,015 10,790…
  35. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 35
    Refining Strategic Roadmap : Integrated Value Enhancers Major projects focus on value creation and products quality improvement 2010 2011 2012 2012 2013 2014 201 4 Refining Capacity EURO IV TOP TLB Specialties-TDAE…
  36. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 36
    Contents Thailand Oil & Gas Group overview 9M/10 Financial Performance 9M/10 Activities & Operational updates Economic and Market Outlook 37
  37. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 37
    Economic & Market Outlook Global economy keeps growing but in slower pace, driven by the developing and the emerging countries. The IMF consecutively raises 2010 global economic growth from 4.6% to 4.8%. Thai economy is also…
  38. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 38
    Thank you PTT Public Company Limited Investor Relations Department Tel. +66 2 537-2792, Fax. +66 2 537-3948, Email: irpttplc.com, http://www.pttplc.com, http://www.twitter.com/PTTIR 39
  39. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 39
    Developments in 3Q/2010 PTTEP On July 30, 2010, PTTEPI and Myanmar Oil (the sellers) have signed the Gas Sales Agreement with PTT for the 240 MMSCFD natural gas sales from M9 and a part of Block M11, expected to start up its…
  40. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 40
    Map Ta Phut Case Update 76 PTT Group Others 29 Sep 09 Central Administrative Court suspended p 76 p projects j /activities 25 projects belong to PTT Group. 25 51 2 Dec 09 Exempted PTT Group projects 1. Clean Fuel and Upgrading…
  41. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Statements of Cashflow (Company Only) : 9M/ M/10 10 Unit : MM Baht Cash Operating CAPEX & Investment Finance Cash Beginning 48,739 MB (20,799) MB (22,919) MB Ending Change in NWC 2,518 Repayment CAPEX (PP&E) 13,320 Bond & Loan…
  42. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 42
    Sales revenue Revenues declined 7% QoQ mainly from weaker sales prices Crude Dubai (US/bbl) +9% YoY +33% YoY -5% QoQ 3Q/10 Revenue Breakdown 68 78 74 57 76 Gas +24% YoY Unit : MM Baht 18% PTTEP 7% Petrochem +4% YoY…
  43. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 43
    EBITDA EBITDA also weakened 11% QoQ resulted from the lower sales prices Crude Dubai (US/bbl) +9% YoY +33% YoY -5% QoQ 3Q/10 EBITDA Breakdown 68 78 74 57 76 Others Oth Intl (Coal) 0.03 +23% YoY 4% % Oil Mkt Unit : MM Baht…
  44. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 44
    Net Income Stronger earnings QoQ mainly from PTT and Refining business Crude Dubai (US/bbl) +9% YoY -5% QoQ +33% YoY 3Q/10 Net Income Breakdown 68 78 74 57 76 Coal Other Affi. Refining 0.7% 0.2% Unit : MM Baht +39% YoY Asso.…
  45. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 45
    PTTEP: Operating and Financial performance Earning slightly decreased QoQ from lower sales price despite higher volume Sales Volume and Price 3Q /10 Product Mix 3Q 9M %YoY %QoQ %YoY By Volume By Revenue S l VVol.l (BOED) Sales +13%…
  46. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 46
    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 Ind ustry NGV…
  47. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 47
    PTT : Gas Separation Plants Lower performance QoQ from decreased sales price despite higher sales volume Product Prices (/ton) Sales Volume (x 1,000 tons) +11% YoY -4% YoY +29% QoQ 3,178 3,059 1,340 202 162 5% 1,313 1,249 1,260…
  48. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 48
    PTT : Oil Business Market leader in oil retails at 36% market share with 1,132 gas stations nationwide (excl. PTTRM) Oil Marketing : sales volume 237 KBOE/d Thailands Market Share Unit : Million liters +8% YoY +11% 11% YoY 10,353…
  49. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 49
    Petrochemical Affiliates Lower performance QoQ following the decreased olefins spread margins Product Prices - Ethylene Chain Product Prices - Propylene Chain Unit : US/Ton Unit : US/Ton 1,340 1,190 1,260 1,313 1,249 1,187…
  50. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 50
    Refining Associates Better performance QoQ as an increase in Gross Refinery Margin Unit : MM Baht TOP 275 kbpd (PTT 49.10%) PTTAR 280 kbpd (PTT 48.63%) PTTAR 280 kbpd (PTT 48 63%) 101 93 97 101 95 17,757 105 105 105 102 103…
  51. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 51
    Coal business (PTT controls 27% shareholding in Straits Asia) Sustained QoQ performance despite sales volume decreased Sale Volume & Price Production Profile 78 72 72 82 72 Unit i : MM Tons Avg. Sales Price US/Ton %YoY %QoQ %YoY…
  52. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 52
    Create Value Through Business Chain PTT Group has strong presence in various sectors throughout the hydrocarbon value chain 53
  53. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 53
    Highlights of Core Strategies Thai Premier Multinational Energy Company Global Fortune 100 by 2020 Top Quartile Performance Performance: Growth: Sustainability Synergy: Deeper and Stakeholder Excellence : Best-in-class and…
  54. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 54
    Data as of 30 September 2010 E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production…
  55. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 55
    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 2010--2030) 2030) : Total 2% : Power P 1% mmscfd :…
  56. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 56
    Thailands energy demand continue to grow as a result of world economic recovery and government stimulus packages Commercial Primary Energy Consumption KTOE 180,000 161,323 , 160,000 138,599 3% 2% 7% 140,000 118,986 6% 16%…
  57. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 57
    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…
  58. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 58
    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% 34.0% 25% 25% PTTs minimum payout…
  59. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 59
    Sufficiency of Refining Capacity Build Stability of the Countrys Oil Supply Supply Production Sales Import p ((78%)) Domestic Market I Imported t dRRefined fi d PPetroleum t l P Products d t 52 KBD 864 KBD Imported…
  60. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 60
    Natural Gas Fosters National Self Reliance and Value Creation Supply Production Sales Indigenous Ethane/ Eth / 3,161 MMscfd (79%) Propane/ NGL Petchemical Feedstock (9%) LPG/NGL Fuel Use (6%) 615 MMscfd Others Producers (15%)…
  61. JANUARY 2011 INVESTOR UPDATE – PTT Public Company Limited – slide 61
    Reference : Product Prices 2008 2009 2010 %YoY %QoQ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FX THB/USD(end period) 31.6229 33.6588 34.1752 35.0824 35.6629 34.1693 33.6972 33.5168 32.5268 32.5864 30.5578 -9% -6% FX THB/USD (Daily Average)…

From the store

Browse maps, data & reports in the Shale Experts store