PTT Exploration and Production Public Company Limited JP Morgan Thailand Conference 5-6 February 2015
MAIN INDEX Company Overview Financial Results Outlook 2/16
Supporting Thailands Energy Value Chain PTTEP contributes almost 1/3 of Thailands Petroleum Production Integration with Energy Demand and Sources * Thailand Petroleum Production 2014 * Midstream and Downstream Value Chain % by…
Top 10 Constituent in SET Well developed institutional shareholder base PTTEPs market capitalization is USD c.13 billion with a significant base of institutional investors. Stock Exchange of Thailand (SET) Composition Shareholding…
Diversified International Portfolio Worldwide operations: 43 projects* in 11 countries Thailand (17) 14 Production 1 Development 2 Exploration Australasia (1) Piped Gas 1 Production Australia Deepwater Gas Oil LNG…
MAIN INDEX Company Overview Financial Results Outlook 6/16
Sales Volume & Unit Costs Gas-weighted portfolio and healthy cash margin to weather low oil prices RoW Sales Volume and Price Unit Cost Other SEA Cash Cost Unit Cost /BOE TH 292,629 321,886 275,923 KBOED 50 26,539 43.60 C…
Cash Flow Performance Robust liquidity to fund CAPEX and Debt Service Cash Flow Performance Source & Use of Funds 2014 MMUSD KBOE/D MMUSD Sales Volume 7,000 7,000 400 6,319 6,000 6,000 5,000 5,000 4,740 4,330 300 4,000 3,675…
Financial Position Strong Balance Sheet with Low Gearing MMUSD Capital Structure D/E Ratio 25,000 23,298 1.00 21,572 20,000 19,637 6,521 0.80 5,830 5,153 15,000 4,023 4,229 0.60 3,773 10,000 0.35 0.34 0.34 0.40 5,000 10,711…
Dividends 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…
MAIN INDEX Company Overview Financial Results Outlook 11/16
Sales Volume Profile Stable volume from high value contributors in Thailand and Other SEA Unit : KBOED 6 %Growth YoY 343 342 337 334 350 322 322 Rest of World 300 Other SEA 250 200 150 Thailand & 100 MTJDA 50 0 2014 2015 2016…
5-Year Investment Plan Emphasis on capital discipline & investment flexibility to cope with oil price volatility 2015 - 2019 CAPEX 15.9 bn USD OPEX 8.4 bn USD Unit : MMUSD TOTAL 24.3 bn USD 5,462 5,493 6,000 5,204 1,198 4,832…
CAPEX by Region 80% allocated to core high margin operations in SEA 2015 2015 - 2019 3.1 billion USD 15.9 billion USD Other SEA Other SEA 23% 21% Thailand ME& Africa Thailand ME& Africa 60% 12% 58% 13% Others Others 5% 8%…
Short term Outlook Strong cash margins with room for greater operational efficiency Limited impact from gas-weighted price and resilient unit cost with more cost savings initiatives Unit : USD / BOE Forecast : 2015 Leaner drilling…
Key Take-Away Underpinning Thailands Energy Supply Production contributes approximately 30% Thailands total petroleum production Strategically driven by Thailands continuous growth in energy demand with natural gas remaining the key…
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
SUPPLEMENTARY INDEX 1. 2015 Exploration Plan 2. Organization Structure 3. Majority Shareholder & Credit Ratings 4. Thailand Upstream Energy Reform 5. Reserves and Resources 6. Project Details 7. Ratios & Formula
2015 Exploration Program Focused on Key Growth Hub Expenditure Summary Key theme in Thailand and Myanmar Unit : MMUSD 654 Seismic & 103 Americas Thailand Others 17% Thailand S1 ME & 27% Active exploration and Africa Drilling 551…
Organizational Structure Ensuring Transparency, Integrity, and Good Corporate Governance practices Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…
Majority Shareholder & Credit Ratings PTTEP leverages its relationships with PTT Plc. and the Thai Government Ownership Structure Oil & Gas exploration and production Flagship of PTT Government of Thailand PTTEP supplies more than 80%…
Thailands Upstream Energy Reform Long term issues with long term impacts; clarity will follow Petroleum Fiscal Regime Thai -Cambodian OCA B5 B6 Production B7 Sharing Concessions Contracts B8 B9 B10 B11 B12 G9/43 B13…
2013 Year-end Reserves and Resources Large resource base with flexibility for development Reserves / 2013 by Geography MMBOE Resource Life Domestic International 5,000 4,406 4,406 37 Years* 3,986 4,000 74% 3,217 1,706 3,000 2,200…
Project Information 1/4 Production Phase: Thailand and JDA Project PTTEPs Partners 2014 Average Sales Volume * 2014 Key Activities Share (as of 2014) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit 80% Chevron 16% 218…
Project Information 2/4 Production Phase: Overseas Project PTTEPs Partners 2014 Average Sales Volume * 2014 Key Activities Share (as of 2014) Gas Oil and Other Production Phase Overseas 15 Oman 44 100% 27 MMSCFD - Drill Exploration /…
Project Information 3/4 Development & Exploration Phase Project PTTEPs Partners 2014 Key Activities Share (as of 2014) Development Phase : Thailand and JDA 23 L22/43 100% Completed 1 Exploration wells Fabrication and installation of…
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