Performance Highlights in 2Q/2008 PTT On June 3, 2008, PTT have executed the Agreement for the Use of State Property with the Ministry of Finance. The term of the Agreement is 30 years, starting from January 1, 2008 to December 31,…
Performance Highlights in 2Q/2008 (Continued) E&P and Gas Business On April 9, 2008, PTTEP has swapped its 20% participation interest in the production sharing contract (PSC) in blocks M3 and M4 with CNOOC Myanmar Limited's A4 and…
Performance Highlights in 2Q/2008 (Continued) Petrochemical Business PTTCH : In April, 2008, Thai Styrenics Co., Ltd. (TSCL), a wholly owned subsidiary of PTTPE purchased assets of HMT Polystyrene Co., Ltd., a polystyrene producer…
Performance Highlights : Highest Revenues Unit : MM Baht +62% YoY 2Q/2008 Revenue Breakdown 1,074,556 US 18,036 mm 19 ,4 0 0 Gas 5 6 ,6 7 5 12% 14 6 ,6 3 0 PTTEP 5% 2% Petrochem +60% YoY Intl 663,923 584,666 3 3 ,16 4…
Performance Highlights : Impressive EBITDA 2Q/2008 EBITDA Breakdown +18% YoY Unit : MM Baht Oil Marketing US 1,410 mm 82,519 Others 0.4% Intl Trading -0.8% 582 Petrochem 1.8% 0.6% 69,927 8 ,9 4 6 Gas 35% TM 11% +23% YoY S&M…
Performance Highlights : Record Net Income +15% YoY Unit : MM Baht 56,017 2Q/2008 Net Income Breakdown 48,845 Other Asso. US 922 mm 1,0 8 7 15 ,0 9 4 -4% Refining +14% YoY 16 ,19 2 Asso. 30% 6 ,0 5 0 PTT 35% 29,885 26,272 3…
PTT : Pipeline - Continuing Volume Growth with Firm Demand Existing pipelines capacity 4,380 MMscfd Gas Sales Gas Sales Volumes Volumes (mmscfd) (mmscfd) heat heat 1,000 1,000 Customer Customer Profile Profile 2008 2007 2006…
PTT : Gas Separation Plants Production Hit Record High Better performance from higher sales volume and prices Product Prices (/ton) 2Q 1H Price (%YoY) 1,679 1,643 HDPE1/ HDPE 29% 28% 1,299 1,738 1,283 PP1/ PP 34% 27% 1,624 Naphtha…
PTTEP: Strong Volume Growth with Record High Oil Price Potential growth from upcoming new projects Strong Earnings Strong Earnings 2Q/2008 2Q/2008 Product Product Mix Mix %YoY 2Q 1H Revenues By Volume By Revenue Revenue + 70% +…
PTT: Oil Business Higher Sales Volume, Tight Margin Market leader in oil retails at 36% market share with 1,181 gas stations nationwide. Oil Marketing : sales volume 277 KBOE/d Thailands Market Share Unit : million liters As of June…
PTTCH: Higher Volume and P2F Margin Upcoming expansion capacity and more diversified chemical products (PTT holds 49.30%) Performance Performance Product Prices Product Prices Unit : MM Baht 113 % HDPE Util. Unit : USD/Ton 9 1% 10…
Refining Associates : Higher Market GRM, Lower Aromatics P2F Upcoming capacity expansion, product quality improvement, assets utilization EBITDA NI %Utl Unit : MM Baht TOP 275 kbpd (PTT 49.10%) SPRC 150 kbpd (PTT 36%) 109 108 102…
Content Content Activities & Operational Results Financial Performance Outlook 16
Consolidated Income Statements With strong commitment to dividend payment Unit : MM Baht 2Q/07 2Q/08 %YoY 1H/07 1H/08 %YoY Sales 366,209 584,666 59.7% 663,923 1,074,556 61.9% Cost of sales (excl. DD&A) 324,435 533,944 64.6% 585,656…
Net Income (Equity Method) Unit : MM Baht 2Q/07 2Q/08 %YoY 1H/07 1H/08 %YoY Net Income (PTT Only) 18,001 20,213 12.3% 30,542 37,367 22.3% Less: Devidend Received (7,652) (11,315) 47.9% (11,387) (16,634) 46.1% Net Operating Income (PTT…
Balance Sheets : Maintained Solid and Secured Financial Position Unit : MM Baht Strong Financial Position 3rd pipeline started ICR commissioning 16.4 De-conso RRC De-conso. PTTCH Recognized BCP, IRPC under Equity Method + 5%…
Debt Profile : Control Cost & Manage Risk Debt portfolio is structured to natural hedge and minimize financial risks Debt Debt Portfolio Portfolio Consolidated Consolidated debt debt Bt217 Bt217 bn bn (6.4 (6.4 bn) bn) PTT…
Outlook Crude oil price is in downward trend due to the demand drop as a result of the global economic slowdown, especially in the US. Nevertheless, oil price could potentially rebound with concern over supply disruption and/or…
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/ 23
PTTs Strategic Importance to the Thai Economy Ownership : Ministry of Finance Direct and Indirect 67%, Public 33% PTT PTT has has the the largest largest market market cap cap on on the the SET SET PTT PTT represents…
Recognition: Confidence & Credibility PTT is widely recognized among business community both local and international PTT PTT ratings ratings are are comparable comparable to to sovereign sovereign ratings ratings Foreign :…
Strategic Intents Drive Specific Sector Actions Focusing on business management execution through the PTT business groups Business Areas Major Operator (%) Activities Strategic Intents Core Value Creators PTTEP 65.71% Exploration…
Create Value Through Business Chain PTT Group has strong presence in various sectors throughout the hydrocarbon value chain Upstream Intermediate Downstream End Customers Natural Gas Mix Electricity Power Plants Industry…
E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc. PTTEP 65.71% PTT…
Cash Flow (Company Only) : Jan Jun 2008 Unit : MMBaht Operating 22,027 CAPEX & INVESTMENT (4,694) Net Income & non- non-cash 33,415 * CAPEX (PP&E) (11,212) Adjustment Investment in Affiliates** (10,409) Changes in assets (11,388)…
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…
PTT: Transmission Pipeline Network Sole owner and major operator of transmission pipelines in Thailand MYANMAR LAOS Gas Transmission Pipelines Current Capacity of 4,380 mmscfd Puhom Current pipeline length: 3,180 km Nampong -…
Energy Consumption : Growing Along with Economic Expansion Decreased dependence on oil, while natural gas expected to become major source of energy supply Commercial Commercial Primary Primary Power Power Demand Demand Energy…
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 2008-2021) mmscfd : Total 5% : Power 4% 8,000 :…
PTTEP: The only Exploration and Production Arm of PTT Create high returns with significant growth potential Operations : 40 Projects in 14 Countries Proved Proved Reserves Reserves 946 946 mmBOE mmBOE By Product By Geography…
PTTEP: Sales Volume and Investment Profile A substantial oil & gas reserve upside potential; with continuous investment Expected Expected Sales Sales Volume Volume 350 Unit : Bt mm GR = 7 % 300 5-Year CA Arthit Arthit North…
PTT: CAPEX (Company Only) PTT plans to invest Bt 241 bn (7bn) during 2008-2012, mostly into expanding gas business Unit: MM Baht CAPEX 2008 - 2012 241,211 CAPEX 2008 65,563 Gas Oil JV HO&Others 71,905 5 Years CAPEX Breakdown…
Strategic Roadmap : Core Value Creators Infrastructure is under expansion to enhance capability to meet rising gas demand Gas Gas Demand Demand Outlook Outlook 6,000 Unit : mmscfd 0 8-2 01 2) 10% 0 5,000 CAGR (2 Industry 20%…
PTT: Major Infrastructure Expansion Transmission Pipeline & LNG Distribution Pipeline Distance TM Capacity Existing Existing 920 km. 4,380 mmscfd Yadana 10 Provinces B a n I S By 2012 LNG Terminal Yetagun T B 6,980 mmscfd…
Petrochemical: Strategic Roadmap - Integrated Value Enhancers New businesses are under development to utilize assets, enhance competitiveness, and diversify risks Total 2008 2009 2010 2011 2012 (MM) Debot I4- I4-2 75MM HDPE…
Refinery Business in Thailand PTT as the strong leadership position, ensures stable supply to downstream and related businesses PTT Group represents 35% of total refining capacity by equity portion Total refining capacity 1,137…
Integrated Refining & Petrochemical Associated companies PTT Group refineries represent 86% of 1,137 KBD capacity in Thailand Enhance group synergies with world class assets Company Refining Refining Capacity Capacity Olefins…
Refining Strategic Roadmap : Integrated Value Enhancers New businesses are under development to utilize assets, enhance competitiveness, and diversify risks 2007 2009 2010 2011 2012 Total 2008 (MM) Refining Capacity Expansion…
Performance Highlights : Record 2007 results 2007 Total Gas Group PTTEP Refining Petrochem Oil Group +23% Revenues 1,495,806 Bt mm 1,495,806 Subsidiaries Subsidiaries Gas Group +22% 16% 1,213,985 1,209,070 5 mth. PTTEP 995,443…
PTTEP - Growth Engine & Cash Generator PTT holds 65. 73% in PTTEP (as of 31 December 2007) Strong Earnings Strong Earnings Proven Proven Reserves Reserves 946 946 mboe mboe Bt bn + 5% 100 MMBOE Gas Liquid 90.8 86.3 1,000…
Refining Associates : Solid Performance Driven by Strong GRM Despite Impact from Baht Appreciation PTT Group represents 35% of total refining capacity by equity portion EBITDA NI %Utl Unit : Bt mm TOP 275 kbpd (PTT 49.10%) SPRC 150…
PTTCH Capacity Expansion and Diversified Portfolio Lower cost per unit and more stable income stream PTTCH PTTCH (PTT (PTT 49.31%) 49.31%) Unit : MMBaht 8 0 ,0 0 0 1 3 0% 115% 7 8 ,0 0 0 7 6 ,0 0 0 115% 104% 7 4 ,0 0 0…
Consolidated Income Statements With strong commitment to dividend payment Unit : MMBaht 2006 2007 Change %Change Sales 1,213,985 1,495,806 281,821 23.21 Cost of sales (excl. DD&A) 1,049,735 1,327,868 278,133 26.50 Contribution Margin…
Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net income EPS DPS % Dividend Payout 32.4% 32.6% 33.0% 30.1% 30.3% 30.8% 29.8% 30.0% PTTs minimum payout ratio 34.82 25%…
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