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2014 YEAR END FINANCIAL RESULTS – PTTEP

PTTEP · Jan 29, 2015 · 11 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. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Conference Call 2014 Year-end Financial Results January 29, 2015
  2. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 2
    Summary of 2014 Financial Results Lower net income in 2014 mainly from Impairment loss on assets Unit : MMUSD Statements of Income 2014 2013 % YTD Q3 14 Q4 14 Q4 13 % QoQ %YoY Total Revenues 8,017 7,445 8 2,093 2,026 1,904 (3) 6 Sales…
  3. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 3
    PTTEP Sales Volume and Average Product Price Growing volume & strong gas price amidst low oil price environment Sales Volume BOED 347,295 321,886 325,248 31,282 299,716 2014 292,629 300,000 26,539 17,559 23,619 67,894 18,701…
  4. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 4
    Operating Performance Higher unit cost mainly from DD&A of Montara Cash Cost Unit Cost /BOE 2014 2013 Q3 14 Q4 14 Q4 13 50 *43.60 44.00 46.90 40.40 40 35.82 Lifting Cost 5.26 4.88 5.20 4.76 5.26 30 Drilling Success Ratio (…
  5. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 5
    Financial Performance : Income Statement 2014 profitability ratio primarily affected by impairment charges 2014 2013 Q3 14 Q4 14 Q4 13 Sales Revenue* (MMUSD) 7,634 7,323 1,996 1,845 1,853 EBITDA (MMUSD) 5,295 5,168 1,409 1,209 1,223…
  6. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 6
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings : BBB+ (S&P) , Baa1 (Moodys) , AAA (TRIS) 2014 2013 Q3 14 Q4 14 Q4 13 Total Assets (MMUSD) 23,298 21,572 23,015 23,298 21,572 - Cash &…
  7. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 7
    Cash Flows: Jan Dec 2014 Strong cash position with over 4 billion USD generated from operations Unit : MMUS Operating 4,330 CAPEX & Investment (3,006) Income before tax & non-cash 5,803 CAPEX (PP&E, Intangible asset) (2,583)…
  8. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 8
    Dividend Dividend Payment History ( Policy : No Less Than 30% of Net Income) 1H 2H THB per share 5.80 6.00 6.00 5.40 5.03 4.50* 3.00 3.00 4.00 2.48 2.79 1.50 2.00 2.55 2.61 2.80 3.00 3.00 0.00 2010 2011 2012 2013 2014…
  9. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 9
    Proved Reserves as of Year-end 2014 By Product By Geography MMBOE 1,000 901 846 800 777 29% 30 % 24 % Overseas 600 Domestic 41% 400 59% 71 % 70 % 76 % 200 0 2012 2013 2014 Gas Liquid 2012 2013 2014 Reserves…
  10. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 10
    Key Takeaway : 2014 Results Summary of Statement of Profit and Loss : Unit : MMUSD 2014 2013 % YTD Q3 14 Q4 14 Q4 13 % QoQ %YoY Recurring Net Income 1,538 2,114 (27) 426 183 393 (57) (53) Non-recurring * (861) (267) (100) 51 (922)…
  11. 2014 YEAR END FINANCIAL RESULTS – PTTEP – slide 11
    Thank You and Q&A Exploring new horizons, we take every step as learning For more information, please visit our website at http://www.pttep.com OR Contact us via email address at IRpttep.com OR Call us at +66 2 537 4000 11

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