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INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Jul 10, 2011 · 42 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. INVESTOR UPDATE – PTT Public Company Limited – slide 1
    Investor Update July 2011
  2. INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Oil & Gas Balance / PTT Groups Aspiration Operational Results Financial Performance Economic & Market Outlook 2/24
  3. INVESTOR UPDATE – PTT Public Company Limited – slide 3
    Oil Balance Thailand: Jan-Mar 2011 Adequate refining capacity maintains the stability of supply Supply Production Sales Import (79%) Domestic Imported Refined Petroleum Products 46 KBD 805 KBD Crude/ Refined Condensate Total…
  4. INVESTOR UPDATE – PTT Public Company Limited – slide 4
    Natural Gas Balance: Jan - Mar 2011 Main driver of the Thai economy Supply Production Sales Ethane/ Total 4,148 MMscfd Indigenous (82%) Propane/ 3,403 MMscfd LPG/NGL Petrochemical Feedstock (14%) Chevron 2,492 MMscfd 892…
  5. INVESTOR UPDATE – PTT Public Company Limited – slide 5
    Our major businesses & activities Business Areas Company PTTs holding (%) Activities PTTEP 65.32% Exploration and Production E&P Upstream PTT PLC Gas Pipeline 100% Sole owner/operator of the Transmission pipeline Gas S&M…
  6. INVESTOR UPDATE – PTT Public Company Limited – slide 6
    PTT Groups Vision & Aspiration Thai Premier Multinational Energy Company Aspiration : Becoming a Global Fortune 100 Company by 2020 With Top Quartile Performance and on DJSI by 2013 Strategic Framework Balance All Stakeholders…
  7. INVESTOR UPDATE – PTT Public Company Limited – slide 7
    Contents Oil & Gas Balance / PTT Groups Aspiration Operational Results Financial Performance Economic & Market Outlook 7/24
  8. INVESTOR UPDATE – PTT Public Company Limited – slide 8
    PTTEP: Operating and Financial performance Earnings continuously improved from both sales volume and price Sales Volume Product price Unit: BOED 5% YoY 271,292 94.79 Liquid (/bbl) 257,276 69.36 73,388 69,742 Liquid 49.36…
  9. INVESTOR UPDATE – PTT Public Company Limited – slide 9
    PTTEP: Target Sales Volume Montara will be delayed to 1Q/2012 000 BOED Proved Reserves 1,043 MMBOE 350 327 316 319 311 300 273 265 250 MTJDA Overseas 41% 200 Arthit Domestic 59% 150 Bongkot 100 Policy 50 Others…
  10. INVESTOR UPDATE – PTT Public Company Limited – slide 10
    PTT: Natural Gas Sales & Transmission Pipeline Continuing demand growth due to the Start up of GSP6 Gas Volume (mmcfd) heat 1,000 Customer Profile Unit : mmcfd Existing pipelines capacity 4,380 mmcfd 2011 9% YoY 4,145 4,145…
  11. INVESTOR UPDATE – PTT Public Company Limited – slide 11
    PTT: Gas Separation Plants Better earnings driven by sales volume and petrochemical prices Sales Volume Product Prices Unit : US/Ton Unit : KTon 53% YoY 1,630 1,681 1,466 1,372 PP 1/ 1,340 1,389 10% Propane 1,313 HDPE 1/…
  12. INVESTOR UPDATE – PTT Public Company Limited – slide 12
    PTT: Gas Business Expansion to meet future gas demand Gas Demand Outlook Unit : mmscfd 6000 NGV 4% Industry 15% 4000 4% 11% GSP 20% 17% 2000 68% Power 61% 0 2010 2011 2012 2013 2014 2015 New Supply PTTEP PTTLNG PTTEP…
  13. INVESTOR UPDATE – PTT Public Company Limited – slide 13
    PTT : Oil Marketing and International Trading Business Market leader in Thailand, going international Thailands Market Share Others 3% 24% 34% 8% Trusted Brand 2011 : Thailands Top Brand in Platinum Award for service station…
  14. INVESTOR UPDATE – PTT Public Company Limited – slide 14
    Petrochemical Affiliates Performance Higher performance from increased sales volume and spread margins Olefins Derivatives Product prices Net Income (100%) Unit : US/Ton Unit : MM Baht 2,672 2,539 2,501 AN1/ 2,431 2,134 2,455…
  15. INVESTOR UPDATE – PTT Public Company Limited – slide 15
    Petrochemical Roadmap Major expansion in 2011 2011 2012 onwards PTT 48.61% Olefins 2,888 KTA HDPE 300 KTA LDPE 300 KTA Polymers 990 KTA EO-Based 495 KTA Oleochemicals 819 KTA PTT 40.00% Phenol 200 KTA Bis-Phenol-A 150…
  16. INVESTOR UPDATE – PTT Public Company Limited – slide 16
    Refining Associates Performance Driven mainly by GRM and P2F Aromatic Prices Net Income (100%) Unit : US/Ton Unit : MM Baht 143% 1,621 YoY 1,519 1,148 1,150 21,017 PX 1,040 Benzene 957 879 1,424 BCP Naphtha 659 916 3,499…
  17. INVESTOR UPDATE – PTT Public Company Limited – slide 17
    Refining Roadmap Focus on value creation and products quality improvement 2011 2012 2013 2014 2015 EURO IV PX & BZ HCU Revamp Benzene Power Plant VLCC 2 MMBBL Upgrading Phase I-PSA Derivatives-LAB 110 MW PTT 49.10% PX 100 KTA 100…
  18. INVESTOR UPDATE – PTT Public Company Limited – slide 18
    PTT: Coal business Expected production boost-up from the Northern lease license Sales Volume & Price Production Profile Avg. selling price 82 Unit : MM Ton 72 US/Ton 17 21% 14 Unit : KTon 11.5 YoY 10.7 Sebuku 2,679 8.5 9…
  19. INVESTOR UPDATE – PTT Public Company Limited – slide 19
    Contents Oil & Gas Balance / PTT Groups Aspiration Operational Results Financial Performance Economic & Market Outlook 19/24
  20. INVESTOR UPDATE – PTT Public Company Limited – slide 20
    Financial Performance 1Q/11 Net income increased more than 50% YoY 1Q/11 Others PTTEP 100.5 Dubai (/bbl) 75.9 Unit : MM Baht PTT-Gas US 17,620 mm 20% YoY PTT-Oil & Trading 449,020 540,857 Others Revenue PTT-Oil &…
  21. INVESTOR UPDATE – PTT Public Company Limited – slide 21
    PTT Group Performance improved YoY Performance 100% % share Equity Method % PTT Unit : MM Baht 1Q/10 1Q/11 YoY 1Q/10 1Q/11 YoY PTT Company Only 13,287 19,628 48% 13,287 19,628 48% Less: Dividend Received 2,601 5,466 110% 2,601 5,466…
  22. INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Statement of Financial Position: Solid and Secured Growing Assets with strong financial position Unit : MM Baht Ethane Separation Plant Gas Seperation Plant6 Strong Financial Position WIP of Montara & Bongkot, 40% KKD Oil Sand…
  23. INVESTOR UPDATE – PTT Public Company Limited – slide 23
    Contents Oil & Gas Balance / PTT Groups Aspiration Operational Results Financial Performance Economic & Market Outlook 23/24
  24. INVESTOR UPDATE – PTT Public Company Limited – slide 24
    Economic & Market Outlook 2011 Global economy grows at slower pace, driven by developing and emerging countries. The IMF projected 2011 growth at 4.0%. Thai economy is also expected to expand in line with global economy. NESDB…
  25. INVESTOR UPDATE – PTT Public Company Limited – slide 25
    Highlights Thai Premier Multinational Energy Company Key performance Record high in 1Q Net Income of Baht 34,524 mm Dubai surged QoQ from 84/bbl to 100/bbl Petrochemical prices increased QoQ by 8-30% Investment PTTCH &…
  26. INVESTOR UPDATE – PTT Public Company Limited – slide 26
    Highlights Thai Premier Multinational Energy Company Operation GSP6 1Q volume at 142 KT, full capacity at 1.87 MTA LPG/NGV capped price extended to Sep 30, 2011 SAR, Indonesian Sebukus Northern Leases license acquired…
  27. INVESTOR UPDATE – PTT Public Company Limited – slide 27
    PTT: CAPEX (PTT and wholly owned Subsidies) PTT plans to invest Bt 330 bn (11bn) during 2011-2015 Unit: MM Baht CAPEX 2011 - 2015 330,052 Committed projects 235,814 R&D / Others JV M&A opportunities 94,238 LNG 94,091 Oil &…
  28. INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Statements of Cash flows For the March 31, 2011 & 2010 Unit : MM Baht 1Q10 1Q11 1Q10 1Q11 Operating 39,980 47,767 CAPEX & Investment (29,886) (96,153) EBITDA & Non-Cash Adjustment 43,475 53,198 CAPEX (PP&E, Intangible asset)…
  29. INVESTOR UPDATE – PTT Public Company Limited – slide 29
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy As of 31 Mar 2011 Debt Portfolio Unit : MM Baht PTT Only Consolidated : Cost of debts 4.98 % : Cost of debts 4.37 % : % fixed-rate…
  30. INVESTOR UPDATE – PTT Public Company Limited – slide 30
    PTT : Oil Marketing and International Trading Business Market leader in oil retails at 34% market share Oil Marketing : sales volume 260 KBOE/d Thailands Market Share Unit : MM liters As of March 2011 5% YoY 3,545 3,714 13% Others…
  31. INVESTOR UPDATE – PTT Public Company Limited – slide 31
    PTT International Future Growth of PTT Coal Pipeline SAR Unit : MM Ton EMG (Egypt) 17 11.5 14 Investing 25% in EMG 9 10.7 8.5 Offshore natural gas pipeline system from Egypt to Israel 2010 Sales volume = 2.1 BCM/y 2008 2009…
  32. INVESTOR UPDATE – PTT Public Company Limited – slide 32
    PTTs Strategic Importance to the Thai Economy Thai Premier Multinational Energy Company PTT has the largest market cap on the SET SET Market Cap = Baht 8.8 trillion PTTEP PTTCH 6.7% 2.8% TOP OTHERS PTT Group 1.7% 75.0%…
  33. INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Thailands projected energy demand Commercial Primary Energy Consumption KTOE 180,000 161,323 160,000 138,599 3% 7% 140,000 118,986 2% 6% 16% 120,000 102,264 3% 15% Hydro/Import 15% 100,000 86,689 2% 19% Renewable 17% 2%…
  34. INVESTOR UPDATE – PTT Public Company Limited – slide 34
    Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and transportation industry Gas demand forecast (CAGR during 2010-2030) : Total 1% : Power 1% 6,000 : GSP 2% mmscfd :…
  35. INVESTOR UPDATE – PTT Public Company Limited – slide 35
    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…
  36. INVESTOR UPDATE – PTT Public Company Limited – slide 36
    Oil Prices Movement: Our Key Value Driver Petroleum prices Crude FO Gasoline HSD 1Q/11 vs 4Q/10 19% 23% 19% 24% USD/BBL 1Q/11 vs 1Q/10 32% 28% 28% 39% 160 140 Dubai 2010 avg. = 78/bbl Dubai 2009 avg. = 62/bbl 120 116.8…
  37. INVESTOR UPDATE – PTT Public Company Limited – slide 37
    Petrochemical Market Reference Prices: Driven by Crude Oil Price Petrochemical prices Aromatics prices LPG Naptha PP HDPE Benzene ParaXylene 1Q/11 vs 4Q/10 7% 25% 15% 8% 1Q/11 vs 4Q/10 20% 30% 1Q/11 vs 1Q/10 21% 26% 22% 14% 1Q/11 vs…
  38. INVESTOR UPDATE – PTT Public Company Limited – slide 38
    Data as of 31 March 2011 E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
  39. INVESTOR UPDATE – PTT Public Company Limited – slide 39
    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% 29.8% 30.1% 30.3% 30.8% 33.0% 35.0% 25% 25% PTTs minimum payout…
  40. INVESTOR UPDATE – PTT Public Company Limited – slide 40
    Recognition: Awards 2010-2011 PTT is widely recognized among business communities both international and local 155th Fortune Global 500 of 2010 (118th in 2009 / 135th in 2008) 196th The Biggest Listed Companies in the 7th Top Asia…
  41. INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Strong Immediate Synergies and Identified Long Term Synergies PTTAR and PTTCH merger 42
  42. INVESTOR UPDATE – PTT Public Company Limited – slide 42
    New Products Opportunities PTTAR and PTTCH merger 43

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