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INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Sep 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 September 2011
  2. INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Thailand Oil & Gas Group Overview 2Q/2011 Highlights and Financial Performance 2Q/2011 Operational Results Economic & Market Outlook 1/29
  3. INVESTOR UPDATE – PTT Public Company Limited – slide 3
    Oil Balance Thailand: Jan - Jun 2011 Adequate refining capacity maintains the stability of supply Supply Production Sales I Import t (80%) D Domestic ti Imported Refined Petroleum Products 46 KBD 849 KBD Crude/ Refined…
  4. INVESTOR UPDATE – PTT Public Company Limited – slide 4
    Natural Gas Balance: Jan Jun 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 MMSCFD…
  5. INVESTOR UPDATE – PTT Public Company Limited – slide 5
    Contents Thailand Oil & Gas Group Overview 2Q/2011 Highlights and Financial Performance 2Q/2011 Operational Results Economic & Market Outlook 4/29
  6. INVESTOR UPDATE – PTT Public Company Limited – slide 6
    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 8.6 trillion PTTEP PTTCH 6.3% 2.3% TOP OTHERS PTT G Group 1.5% 1 5%…
  7. INVESTOR UPDATE – PTT Public Company Limited – slide 7
    PTT Aspiration Strategic direction and target to achieve Big-Long-Strong aspiration Thai Premier Multinational Energy Company Expand E d resources Big Maximize value along the chain Balance stakeholder Long excellence Big…
  8. INVESTOR UPDATE – PTT Public Company Limited – slide 8
    Our major businesses & activities Business Areas Company PTTs holding (%) Activities Upsstream E&P PTTEP 65.31% Exploration and Production PTT PLC ediate Gas Pipeline 100% Sole owner/operator of the Transmission…
  9. INVESTOR UPDATE – PTT Public Company Limited – slide 9
    Contents Thailand Oil & Gas Group Overview 2Q/2011 Highlights and Financial Performance 2Q/2011 Operational Results Economic & Market Outlook 8/29
  10. INVESTOR UPDATE – PTT Public Company Limited – slide 10
    Highlights of 2Q/2011 Thai Premier Multinational Energy Company Key Performance 2Q/2011 Avg. Avg Dubai Price at 111 /bbl, /bbl increasing from 101 /bbl in 1Q/2011 Higher natural gas sales volume, from 4,145 to 4,330 MMSCFD…
  11. INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Financial Performance Earnings slightly declined QoQ mainly from refining associates 78 101 111 2Q/11 Dubai (USD/BBL) Others PTTEP 4% 6% Unit : MMTHB + 30% YoY PTT Gas +19% Q0Q 15% 21,163 643,577 MMUSD 495,339 540,857 75%…
  12. INVESTOR UPDATE – PTT Public Company Limited – slide 12
    PTT Group Performance Performance 100% % share Equity Method % PTT Unit : MM Baht 1Q/11 2Q/11 QoQ 1Q/11 2Q/11 QoQ PTT Company Only 19,628 19,888 1% 19,628 19,888 1% Less: Dividend Received 5,466 5,134 -6% 5,466 5,134 -6% Gain from…
  13. INVESTOR UPDATE – PTT Public Company Limited – slide 13
    Statement of Financial Position: Solid and Secured Growing Assets with strong financial position Unit: MMTHB GSP6 40% KKD Oil Sand Strong g Financial Position ESP PTTLNG WIP of Montara & Bongkot, WIP of 4th pipeline , PTT Asahi…
  14. INVESTOR UPDATE – PTT Public Company Limited – slide 14
    Contents Thailand Oil & Gas Group Overview 2Q/2011 Highlights and Financial Performance 2Q/2011 Operational Results Economic & Market Outlook 13/29
  15. INVESTOR UPDATE – PTT Public Company Limited – slide 15
    PTTEP: Operating and Financial performance Earnings continuously improved from both sales volume and price Sales Volume Product price Unit: KBOED + 4% YoY Y Y + 1% Q0Q 108.95 Liquid (USD/BBL) 263 271 273 74.54 77 Liquid 56 28…
  16. INVESTOR UPDATE – PTT Public Company Limited – slide 16
    PTTEP: Target Sales Volume Revised sales volume based on Montara production in 1Q/2012 Target Sales Volume Proved Reserves Unit: KBOED Total 1,043 MMBOE 323 329 317 307 265 269 Overseas MTJDA Arthit 45% 55% Bongkot…
  17. INVESTOR UPDATE – PTT Public Company Limited – slide 17
    PTT: Natural Gas Sales & Transmission Pipeline Continuing demand growth from industry and IPP Gas Volume Customer Profile Unit: MMSCFD Unit: MMSCFD + 7% YoY 4 330 4,330 + 4% Q Q0Q Q 4,145 4,152 4,148 4,145 4,330 2011 4,055…
  18. INVESTOR UPDATE – PTT Public Company Limited – slide 18
    PTT: Gas Separation Plants Better earnings driven by sales volume and petrochemical prices Sales Volume Product Prices Unit : KTon Unit : USD/Ton + 53% YoY + 0.4% Q0Q 1,466 1,472 133 Propane (9%) 1,661 1 340 1,340 1,373 467…
  19. INVESTOR UPDATE – PTT Public Company Limited – slide 19
    PTT: Gas Business Expansion to meet future gas demand Gas Demand Outlook Unit : MMSCFD 6 000 6,000 4% NGV 14% Industry 4,000 4% 11% 20% GSP 17% 2,000 61% Power 68% 0 2010 2011 2012 2013 2014 2015 PTTEP PTTLNG PTTEP…
  20. INVESTOR UPDATE – PTT Public Company Limited – slide 20
    PTT : Oil Marketing and International Trading Business Market leader in Thailand, going international Thailands Market Share 2Q/2011 Others 3% 25% 34% 8% 10% Trusted Brand 2011 : 9% 11% Thailands Top Brand in Platinum…
  21. INVESTOR UPDATE – PTT Public Company Limited – slide 21
    Petrochemical Affiliates Performance Higher performance from increased sales volume and spread margins Petrochemical Product Prices Net Income (100 (100%) %) U it USD/Ton Unit: USD/T U it : MMTHB Unit + 138% YoY + 7% Q0Q…
  22. INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Petrochemical Roadmap Major expansion in 2011 2011 2012 onwards PTT 49.14% Olefins 2,888 KTA HDPE 300 KTA LDPE 300 KTA Polymers 990 KTA EO-Basedd 495 KTA Oleochemicals 819 KTA PTT 40.00% Phenol 200 KTA Bis-Phenol-A 150…
  23. INVESTOR UPDATE – PTT Public Company Limited – slide 23
    Refining Associates Performance Performance affected by lower inventory gain and tighter aromatics spread Accounting GRM & Accounting GIM Net Income (100%) Unit : USD/BBL Unit : MMTHB 15.31 A/C GIM 12.59 21,017 A/C / GRM 8.66…
  24. INVESTOR UPDATE – PTT Public Company Limited – slide 24
    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 49 10% PTT 49.10% PX 100…
  25. INVESTOR UPDATE – PTT Public Company Limited – slide 25
    PTT: Coal business Expected production boost-up from the Northern lease license Sales Volume & Price Production Profile Avg. g selling gpprice Unit : MMTon USD/Ton 95 17 72 14 Unit : KTon - 13% YoY 11.5 Sebuku - 8% Q0Q 10.7 85…
  26. INVESTOR UPDATE – PTT Public Company Limited – slide 26
    PTT: CAPEX (PTT and wholly owned Subsidies) PTT plans to invest Bt 330 bn (11bn) during 2011-2015 Unit: MMTHB CAPEX 2011 - 2015 330,052 , Committed projects 235,814 R&D / Others JV M&A opportunities 94,238 LNG 94,091 Oil &…
  27. INVESTOR UPDATE – PTT Public Company Limited – slide 27
    2011 PTT Group Strategic Direction Investment priorities by geography and value chain Internationalization Australia, N. Middle ASEAN Asia and S. Asia Non- EastAsia Non- AfricaAsia Non- Asia Europe Non- Asia Americas Upstream…
  28. INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Contents Thailand Oil & Gas Group Overview 2Q/2011 Highlights and Financial Performance 2Q/2011 Operational Results Economic & Market Outlook 27/29
  29. INVESTOR UPDATE – PTT Public Company Limited – slide 29
    Economic & Market Outlook 3Q/2011 Global Economic Outlook Global economy may grow at a slower pace although driven by the developing and the emerging countries. IMF projected 2011 growth at 4 0% 4.0%. U.S. economic recession will…
  30. INVESTOR UPDATE – PTT Public Company Limited – slide 30
    Economic & Market Outlook 3Q/2011 Market M k t Outlook O tl k Dubai crude oil price is expected to move in the range of 100-110/bbl + Continuing political unrest in MENA and Hurricane season in the U.S. - U.S. and European…
  31. INVESTOR UPDATE – PTT Public Company Limited – slide 31
    PTT Group Performance improved YoY Performance 100% % share Equity Method % PTT Unit : MMTHB 1H/10 1H/11 YoY 1H/10 1H/11 YoY PTT Company Only 25,398 39,516 56% 25,398 39,516 56% Less: Dividend Received 8,066 10,600 31% 8,066 10,600…
  32. INVESTOR UPDATE – PTT Public Company Limited – slide 32
    Statements of Cash flows For the June 30, 2011 & 2010 Unit : MMTHB 1H10 1H11 1H10 1H11 Operating 54,842 49,759 CAPEX & Investment (55,210) 104,454) EBITDA & Non-Cash Adjustment 59,745 83,290 CAPEX (PP&E, Intangible asset) 22,103)…
  33. INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio Unitt : MMTHB U PTT Only Consolidated : Cost of debts 5.08 % : Cost of debts 4.38 % : % fixed-rate 90 % : % fixed-rate…
  34. INVESTOR UPDATE – PTT Public Company Limited – slide 34
    PTT International Future Growth of PTT Coal Pipeline SAR Unit : MM Ton EMG ((Egypt) gyp ) 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…
  35. INVESTOR UPDATE – PTT Public Company Limited – slide 35
    Thailands projected energy demand Commercial Primary Energy Consumption KTOE 180,000 163,299 160,000 145,162 Nuclear 2% 6% 1% 140,000 127,145 5% 15% yd o/ po 4% 106,939 Hydro/Import 14% 120 000 120,000 Renewable 13%…
  36. INVESTOR UPDATE – PTT Public Company Limited – slide 36
    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 2010--2030) 2030) : Total 1% : Power 1% : GSP 2%…
  37. INVESTOR UPDATE – PTT Public Company Limited – slide 37
    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…
  38. INVESTOR UPDATE – PTT Public Company Limited – slide 38
    Oil Prices Movement: Our Key Value Driver Petroleum prices Crude FO Gasoline HSD 2Q/11 vs 1Q/11 10% 9% 11% 10% 2Q/11 vs 2Q/10 42% 43% 43% 46% 160 140 120 Dubai 2010 avg. = 78/bbl 110.7 116.8 113.3 100 Dubai 2009 avg. =…
  39. INVESTOR UPDATE – PTT Public Company Limited – slide 39
    Petrochemical Market Reference Prices: Driven by Crude Oil Price Petrochemical prices Aromatics prices LPG Naptha PP HDPE Benzene ParaXylene 2Q/11 vs 1Q/11 7% 25% 15% 8% 2Q/11 vs 1Q/11 -1% -7% 2Q/11 vs 2Q/10 21% 26% 22% 14% 2Q/11 vs…
  40. INVESTOR UPDATE – PTT Public Company Limited – slide 40
    Data as of 30 June 2011 Petrochemicals & E&P and Gas Business Group Oil Business Group Refining Business Group Subsidiaries S b idi i Consolidate C lid t Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration &…
  41. INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Recognition: Awards 2010-2011 PTT is widely recognized among business communities both international and local 128th Fortune Global 500 of 2011 (155th in 2010 / 118th in 2009) 196th The Biggest Listed Companies in the 7thTop Asia…
  42. INVESTOR UPDATE – PTT Public Company Limited – slide 42
    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% 43.6% 32.4% 32.6% 29.8% 30.1% 30.3% 30.8% 33.0% 35.0% 25.5% 25% 25% PTTs…

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