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FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited

PTT Public Company Limited · Feb 25, 2010 · 46 slides

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Slides

  1. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 1
    Analyst Meeting 2009 February 25, 25 2010 Balance is Beautiful
  2. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 2
    Content Activities & Operational Results Financial Performance 2010 Economic and Market Outlook Our Aspiration/Strategy p gy and 5-Year CAPEX 3
  3. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 3
    Performance Highlights in 4Q/2009 PTT PTTss Board of Director approved 2009 dividend of Bt 8.50/share. The interim PTT dividend of Bt 4.00/share was paid on September 18, 2009 and the rest of Bt 4.50/share will be paid on April 30,…
  4. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 4
    Performance Highlights in 4Q/2009(Continued) PTTEP Montara incident : : After expenses recorded of Bt 5,174 mm in 3Q/2009, additional expenses of Bt 5,253 mm (incl. fire incident, wellhead platform write-off & L/T monitoring) were…
  5. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 5
    PTT Group in Map Ta Phut Case Sequences On Sep 29, 2009, the Central Administrative Court issued an order to the eight governmental authorities to temporarily suspend 76 projects/activities in the vicinity of Rayong (Map ta Phut), 25…
  6. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 6
    PTT Group in Map Ta Phut Case (Cont.) On Jan 22, 2010, the Central Administrative Court issued a court order rejecting the petitions of all 30 projects including the 10 projects/activities of PTT Group. On Feb 11, 2010, the…
  7. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 7
    PTT Group in Map Ta Phut Case (Cont.) Actions taken by PTT Group Coordinated with government authorities for granting permits for projects /activities that are not required an EIA. To appeal the Central Administrative Court…
  8. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 8
    Performance Highlights : Revenues Lower 2009 revenues from decreased prices despite increase in sales volume Crude Dubai (US/bbl) +43% YoY +11% QoQ -34% YoY 2009 Revenue Breakdown 68 75 93 53 62 Gas 2,000,816 -21% YoY 18% PTTEP…
  9. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 9
    Performance Highlights : EBITDA Deteriorated 2009 EBITDA from decreased sales prices and squeezed margins Crude Dubai (US/bbl) +43% YoY +11% QoQ -34% YoY 2009 EBITDA Breakdown 68 75 93 53 62 Coal Others 156,239 -9% YoY 5% -1% Oil…
  10. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 10
    Performance Highlights : Net Income Higher 2009 earnings from better Refining associates performance in addition to the FX gain Crude Dubai (US/bbl) +43% YoY +11% QoQ -34% YoY 2009 Net Income Breakdown 75 93 53 68 62 CoalOther 1%…
  11. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 11
    PTT : Natural Gas Sales & Transmission Pipeline Demand growth from economic recovery Gas Sales Volumes (mmscfd) heat 1,000 Customer Profile Existing pipelines capacity 4,380 mmscfd EGAT IPP SPP GSP Ind st Industry NGV +14.6% YoY…
  12. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 12
    PTT : Gas Separation Plants 2009 performance decreased from tightened margins despite increase in sales volume Product Prices (/ton) 4Q Y 2009 Price %QoQ %YoY %YoY HDPE -3% 3% 5% -26% 26% PP -3% 7% -29% Naphtha 12% 99% -32%…
  13. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 13
    PTTEP: Operating and Financial performance 2009 earnings decreased from lower sales prices and negative impact from Montara incident Earnings Y 2009 Product Mix 4Q 2009 %QoQ %YoY %YoY By Volume By Revenue Sales Revenue +13% +16%…
  14. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 14
    PTT : Oil Business Market leader in oil retails at 34% market share with 1,068 gas stations nationwide (excl. PTTRM) Oil Marketing : sales volume 224 KBOE/d Thailands Market Share -2% YoY As of Dec 2009 Unit : Million liters 13,274…
  15. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 15
    PTT International : An Overseas Investment Arm of PTT 100% owned by PTT Investment Strategies Capitalize on Group value chain capabilities in oil, gas & coal Invest in new energy & related businesses Expand through partnership and…
  16. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 16
    Petrochemical Affiliates Lower 2009 performance for PTTCH from tighten P2F margins despite higher utilization Unit : MM Baht Product Prices (US/Ton) PTTCH (PTT 49.16%) HDPE1/ Ethylene1/ 116% 116% 106% 96% 99% MEG1/ Naphtha3/ 92%…
  17. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 17
    Refining Associates GRM & GIM Lower market GRM due to new supply from China and India Market Gross Refining Margin (GRM) * Market Gross Integrated Margin (GIM) * GRM (/bbl) GIM (/ (/bbl)) 10 12.5 9.3 12 8 10 2008 (avg) 2008…
  18. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 18
    Refining Associates Better 2009 performance mainly from stock gain, hedging gain and higher aromatics P2F margins TOP 275 kbpd (PTT 49.10%) SPRC 150 kbpd (PTT 36%) 102 101 95 100 99 Unit : MM Baht 104 99 103 71 87 21,393 12,062…
  19. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 19
    Content Activities & Operational Results Financial Performance 2010 Economic and Market Outlook Our Aspiration/Strategy and 5-Year 5 Year CAPEX 20
  20. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 20
    Financial Highlights Unit : MM Baht 2008 2009 %YoY 4Q/08 3Q/09 4Q/09 %QoQ %YoY Sales & Services 2,000,816 1,586,174 -21% 21% 323,157 444,474 451,135 1% 40% EBITDA 156,239 142,704 -9% 22,175 40,500 40,788 1% 84% DD&A 32 170 32,170 43…
  21. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 21
    Financial Highlights : Net Incomes (Equity Method) Unit : Million Baht 2009 59,548 2008 2 569 2,569 51,705 Others REFINE 15,742 PETRO 6,180 (7,186) 27,434 PETRO 4,177 Refining (12,971) PTTEP 27,605 , PTTEP 14,634…
  22. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 22
    Balance Sheets : Maintain Liquidity & Financial Strength Unit : Million Baht 100% Coogee Strong Financial Position 14 8 14.8 ICR acquisition by PTTEP 14 0 14.0 60% PTTAPM acquisition 10.5 Completion of 3rd pipeline started…
  23. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 23
    Debt Profile : Control Cost & Manage Risk Debt portfolio is structured to natural hedge and minimize financial risks Debt Portfolio Consolidated debt Bt345 bn (10.2 bn) PTT Only Consolidated : Cost of debts 5.2% : Cost of debts…
  24. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 24
    Content Activities & Operational Results Financial Performance 2010 Economic and Market Outlook Our Aspiration/Strategy and d 5-Year CAPEX 25
  25. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 25
    2010 Economic & Market Outlook Thai economy is forecasted by NESDB to expand in the range of 3.5-4.5% in 2010. 2010 For 2010, crude oil price is expected to move in the 70-80/bbl range with enormous uncertainty surrounding; pace…
  26. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 26
    Content Activities & Operational Results Financial Performance 2010 Economic and Market Outlook Our Aspiration/Strategy and d 5-Year CAPEX 27
  27. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 27
    PTT Group Vision, Mission and Values Vision : Becoming Thai Premier Multinational Energy Company Aspiration: Becoming a Global Fortune 100 Company by 2020 HPO +STS 2009 with i h Top Quartile il Performance f Sustainable To become…
  28. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 28
    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…
  29. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 29
    PTT: CAPEX (Company Only) PTT plans to invest Bt 244 bn (7.4bn) during 2010-2014 CAPEX 2010 - 2014 243,518 5 Years CAPEX Breakdown Byy Business Unit CAPEX 2010 75 160 75,160 Unit: MM Baht JV-LNG 8% JV Overseas 28% Gas 46%…
  30. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 30
    Strategic Roadmap : Core Value Creators Infrastructure is under expansion to enhance capability to meet future gas demand Gas Demand Outlook Unit : mmscfd 6,000 , 5,000 NGV 6% Industry 14% 4,000 4% 10% GSP 22% 3 000 3,000 17%…
  31. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 31
    PTTEP: Sales Volume and Investment Profile A substantial oil & gas reserve upside potential with continuous investment Expected Sales Volume 000 BOED 350 304 305 307 300 M9 276 254 Algeria 250 234 Vietnam 16-1 200…
  32. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 32
    Petrochemical: Strategic Roadmap - Integrated Value Enhancers Most projects to enhance competitiveness and diversify risks to be completed within 2010 Unit : MM USD 5-year Company (PTT Stake) 2009 2010 2011 2012--2013 2012 CAPEX…
  33. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 33
    Refining Strategic Roadmap : Integrated Value Enhancers Major projects to enhance competitiveness and diversify risks already completed in year 2009 5-year 2009 2010 2011 20 2012 12 2013 CAPEX (MM) Refining Capacity Ethanol…
  34. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 34
    Thank you PTT Public Company Limited Capital Market & Investor Relations Department Tel. +66 2 537-2792, Fax. +66 2 537-2791, Email: irpttplc.com, http://www.pttplc.com/ 35
  35. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 35
    Data as of 31 December 2009 E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production…
  36. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 36
    PTTs Strategic Importance to the Thai Economy Ownership : Ministry of Finance Direct and Indirect 67%, Public 33% PTT has the largest market cap on the SET Shareholders structure Vayupak PTTCH Fund 1, 1 Public, Public PTTEP 15%…
  37. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 37
    Recognition: Confidence & Credibility PTT is widely recognized among business community both local and international PTT international ratings are comparable to sovereign ratings Foreign Currency : A3/BBB+/BBB/A-…
  38. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 38
    Strategic Intents Drive Specific Sector Actions Focusing on business management execution through the PTT business groups Business Areas Major Operator (%) Activities Strategic Intents Accelerate growth through PTTEP 65.43%…
  39. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 39
    Energy Consumption : Growing along with Economic Expansion Oil and gas are major sources of energy and likely to remain so for many years. Energy consumption forecast (CAGR during 2010 2010--2020 2020)) : Total 4% : Gas 4% : Oil…
  40. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 40
    Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and increasingly transportation industry Gas demand forecast (CAGR during 2009 2009--2021) 2021) : Total 4% mmscfd : Power…
  41. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 41
    PTT: Natural Gas Sales Customer Breakdown During 1998 - 2008 By Unit By percentage mmscfd 4,000 100% 3,554 7% Industry 14% 3,500 90% 16% 503 GSP 17% 80% 3,000 9% 597 70% SPP Industry 13% 2,500 GSP 454 60% 2,000 1,570 50%…
  42. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 42
    Constructions are on track Gas Separation Plant Unit6 LNG Receiving Terminal Phase I Location : Map Ta Phut,Rayong Location : Map Ta Phut, Rayong Proj Cost : US880 mm Proj Cost : US780 mm Capacity : 5 MTA Capacity : 1,840 1 840…
  43. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 43
    PTTEP: The only Exploration and Production Arm of PTT Grow in conventional oil & gas in priority countries Operations : 42 Projects in 13 Countries Proved Reserves 1,099 MMBOE By Product By Geography Middle East (4) Oman Liquid…
  44. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 44
    Cash Flow (Company Only) : 2009 Unit : MMBaht + Operating 40, 40,096 CAPEX & INVESTMENT (63 63,,141 141)) Net Income & non- non-cash 50,,109 50 109* * CAPEX (PP&E) (44 44,,187 187)) Adjustment Investment in Affiliates…
  45. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 45
    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% 30.3% 30.8% 33.0% 29.8% 30.1% 25% PTTs minimum payout ratio…
  46. FEBRUARY 2009 ANALYST MEETING – PTT Public Company Limited – slide 46
    Reference : Product Prices 2007 2008 2009 %YoY %QoQ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FX THB/USD(end period) 35.1354 34.6679 34.3851 33.8850 31.6229 33.6588 34.1752 35.0824 35.6629 34.1693 33.6972 33.5168 -4% -1% FX THB/USD (Daily…

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