PTT Exploration and Production Public Company Limited Inbound Roadshow by SCBS 21 April 2015
Company Overview Company Overview Financial Results Outlook 2/19
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 Petroleum…
Diversified International Portfolio Worldwide operations: 43 projects* in 11 countries Oil sands Thailand (17) 15 Production 2 Exploration Australasia (1) Piped Gas 1 Production Australia Deepwater Deepwater Gas Oil LNG…
Highlights in 2014 Delivered growth from robust operations and strategic fine-tuning Strong production base from high-margin assets : 10% Growth 9 Maintain domestic production to support energy demand 9 Successfully commenced gas…
Reserves and Resources Target resource turnaround in the near future Reserves / 2014 by Geography MMBOE Resource Life* Domestic International 6,000 4,864 5,000 4,864 37 Years 4,406 75% 3,986 4,000 1,276 777 3,000 2,200 2,700…
Financial Results Company Overview Financial Results Outlook 7/19
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 BOED 50 26,539 43.60 C…
Cash Flow Performance Robust liquidity to fund CAPEX and Debt Service Source & Use of Funds in 2014 Cash Flow Performance MMUSD KBOED MMUSD 7,000 Sales Volume 7,000 400 6,319 6,000 6,000 5,000 5,000 4,740 4,330 300 4,000 3,470…
Financial Position Strong Balance Sheet with Low Gearing to support growth MMUSD Capital Structure D/E Ratio 25,000 23,290 1.00 21,572 20,000 19,637 6,513 0.80 5,830 5,153 15,000 4,023 4,229 0.60 3,773 10,000 0.35 0.34 0.40…
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…
2015 liquidity Strong cash margin from resilient gas price coupled with competitive cash cost Resilient gas price Protected cash margin Unit : USD / BOE Avg. Dubai Assumption % Change in 2015 Dubai Price 97 55 2015 63 2014 -50% -25%…
Outlook Company Overview Financial Results Outlook 13/19
2015 Priorities Adaptive to industry fundamental change Implication Priorities in changing industry environment Deliver 6% volume growth as planned Short term Focus on cost optimization and investment prioritization Leverage strong…
Target volume growth Thailand and Southeast Asia continue to be the strong production base 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…
Investment Plan Focus on Thailand and other Southeast Asia Capex by Region 2015 - 2019 Thailand 9.3 bn USD Southeast Asia 3.3 bn USD Others 3.3 bn USD Unit : MMUSD TOTAL 15.9 bn USD 3,938 3,833 4,000 1,198 3,437 3,109 3,071 18%…
SAVE to be SAFE Four levers to manage our capital efficiency 1 2 Efficiency Cost Optimization Production Stabilization Productivity Integrated activity planning Minimize unplanned Contract renegotiation and 9 Operational Excellence…
Key Takeaway Fundamental change in E&P industry U.S. shale output re-shaping balance and dynamics of the oil market Expect market forces to rebalance but the path to price recovery is still uncertain The uncertainty also presents…
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. Sustainable Development 2. Thailand Economy, Gas Demand and Reform 3. Shareholding Structure 4. Organization Structure 5. Key Project Highlights by Region 6. Project Details 7. Ratios & Formula 20/19
Sustainable Development Pursuing long-term growth hand-in-hand with social and environmental well-being 2014 DJSI Listed Company Certified Member Dow Jones Sustainability World Index Thailand's Private Sector Collective Action Oil…
Thai Economy, Gas Demand, Reforms Gas demand continues to grow; progress is being made with the reform agenda Thai Economy and Gas Demand Upstream Energy Reform 21st Bidding Round Bidding round rescheduled, 1.25 GDP Growth new…
Integral support from major shareholder PTTEP leverages its relationships with PTT Plc. and the Thai Government Ownership Structure Oil & Gas exploration and production Flagship of PTT Government of Thailand 9 PTTEP supplies more than…
Organizational Structure Ensuring Transparency, Integrity, and Good Corporate Governance practices Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…
Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots production capacity of close to 1 Bcf/d represents approximately 20% of Thailands natural gas supply Bongkot South S1…
Southeast Asia : Myanmar A significant contributor to growth with high potential blocks Zawtika (80% interest) Began delivering gas to Myanmar in March 2014, and to Thailand in August 2014 Currently delivering the full DCQ of 300…
Southeast Asia : Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 34.2 KBPD in 2014 Successfully appraised the H5 area with further…
East Africa : Mozambique Potential to become one of the worlds largest emerging LNG supply hubs Area 1 (8.5% interest) Advancing towards FID on the initial 10 MMTPA Abundant resource base estimated at 50 to 70+ TCF of recoverable…
America : Canada Oil Sands Flexibility to pursue long-term from the oil sands project Mariana Oil Sands Project The Asset Swap The Partnership Unit Redemption Agreement (PURA) came into effect on 28 May 2014. Hangingstone Following…
America : Brazil Deepwater Entry into high potential petroleum province at exploration phase Barreirinhas AP1 Farm-in 25% from BG Group Operated by BG Group (75% interest) Four offshore exploration blocks: BAR-M-215, Barreirinhas…
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 : Overseas 24 Algeria 433a & 416b 35% PetroVietnam 40% Drill 4 Development wells (Bir Seba)…
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