Skip to main content INVESTOR UPDATE – PTT Public Company Limited Investor Presentation | Shale Experts
Loading...
Pm

INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Oct 10, 2009 · 58 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 October 2009
  2. INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents About Thailand Introduction to PTT Activities & Operational Results Financial Performance 2H/2009 Outlook 3
  3. INVESTOR UPDATE – PTT Public Company Limited – slide 3
    About Thailand General Information Population : 66 million Russia Area (sq.km) : 513,100 Climate : Tropical Climate Mongolia Korea W Weather: h 24 37 C 24-37 Japan Middle East China Economic Information India Thailand GDP (2008) :…
  4. INVESTOR UPDATE – PTT Public Company Limited – slide 4
    Contents About Thailand Introduction to PTT Activities & Operational Results Financial Performance 2H/2009 Outlook 5
  5. INVESTOR UPDATE – PTT Public Company Limited – slide 5
    PTTs Strategic Importance to the Thai Economy Ownership : Ministry of Finance Direct and Indirect 67%, Public 33% PTT has the largest market cap on the SET Shareholders structure PTT 13% Public 33% Affiliates Ministry of Others…
  6. INVESTOR UPDATE – PTT Public Company Limited – slide 6
    Recognition: Confidence & Credibility PTT is widely recognized among business community both local and international PTT international ratings are comparable to sovereign ratings Foreign Currency : A3/BBB+/BBB/A-…
  7. INVESTOR UPDATE – PTT Public Company Limited – slide 7
    Strategic Intents Drive Specific Sector Actions Focusing on business management execution through PTT business groups Business Areas Major Operator (%) Activities Strategic Intents Maintain growth through PTTEP 65.53% Exploration…
  8. INVESTOR UPDATE – PTT Public Company Limited – slide 8
    Performance Highlights : Revenues Lower global oil price impacted revenue Crude Dubai (US/bbl) +38% YoY -50% YoY 94 104 1H/09 Revenue R Breakdown B kd 68 51 Unit : MM Baht +33% YoY Gas US 19,642 mm 2 000 816 2,000,816 20%…
  9. INVESTOR UPDATE – PTT Public Company Limited – slide 9
    Performance Highlights : EBITDA Lower EBITDA from decrease in prices Crude Dubai (US/bbl) +38% YoY -50% YoY 94 104 68 51 1H/09 EBITDA Breakdown Unit : MM Baht CoalOthers US 1,747 mm +7% YoY 2% -1%Oil Mkt 156,133 , Petrochem…
  10. INVESTOR UPDATE – PTT Public Company Limited – slide 10
    Performance Highlights : Net Income 1H/09 earnings dropped YoY despite improved 2Q/09 earnings Crude Dubai (US/bbl) +38 YoY -50% YoY 94 104 68 51 1H/09 Net N t IIncome B Breakdown kd Unit : MM Baht -47% YoY Other US 778 mm Coal…
  11. INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Contents About Thailand Introduction to PTT Activities & Operational Results - PTTEP - PTT - Petrochemical Associates - Refining Associates Financial Performance 2H/2009 Outlook 12
  12. INVESTOR UPDATE – PTT Public Company Limited – slide 12
    PTTEP: The only Exploration and Production Arm of PTT Grow in conventional oil & gas in priority countries Operations : 41 Projects in 13 Countries Proved Reserves 944 MMBOE By Product By Geography Middle East (4) Oman Iran…
  13. INVESTOR UPDATE – PTT Public Company Limited – slide 13
    PTTEP: Operating and Financial performance Potential growth through conventional E&P and M&A opportunities Financial Performance 1H/2009 Product Mix 2008 1H/09 %YoY %YoY By Volume By Revenue Sales Revenue +46% -17% Sales Revenue…
  14. INVESTOR UPDATE – PTT Public Company Limited – slide 14
    PTTEP: Sales Volume and Investment Profile A substantial oil & gas reserve upside potential with continuous investment Expected Sales Volume 000 BOED 350 300 300 284 295 301 M9 Algeria 250 240 219 Vietnam 16-1 200…
  15. INVESTOR UPDATE – PTT Public Company Limited – slide 15
    PTT: Transmission Pipeline Network Sole owner and major operator of transmission pipelines in Thailand MYANMAR LAOS Gas Transmission Pipelines Puhom Current Capacity of 4,380 mmscfd Current p pipeline p length: g 3,498 ,…
  16. INVESTOR UPDATE – PTT Public Company Limited – slide 16
    PTT : Transmission Pipeline Better performance from pipeline tariff adjustment despite flat demand Gas Sales Volumes (mmscfd) heat 1,000 Customer Profile Existing pipelines capacity 4,380 mmscfd 2009 2008 2007 2006 2005 EGAT IPP SPP…
  17. INVESTOR UPDATE – PTT Public Company Limited – slide 17
    PTT: Gas Separation Plants GSP is designed to extract higher product value from natural gas Gas Separation Plant 5 existing gas separation plants with production capacity of 4.1 MTA GSP products price linked to world market…
  18. INVESTOR UPDATE – PTT Public Company Limited – slide 18
    PTT : Gas Separation Plants Performance dropped from lower selling prices Product Prices (/ton) 2008 1H/09 Price %YoY %YoY 1,643 HDPE +14% -37% 1,536 1,350 PP +15% -38% 1,535 1,624 Naphtha +18% -51% 1,331 1,039 HDPE1/ 871…
  19. INVESTOR UPDATE – PTT Public Company Limited – slide 19
    PTT : Oil Business Market leader in oil retails at 34% market share with 1,069 gas stations nationwide (excl. PTTRM) Oil Marketing : sales volume 226 KBOE/d Thailands Market Share As of June 2009 Unit : million liters -1% 1% YoY…
  20. INVESTOR UPDATE – PTT Public Company Limited – slide 20
    PTT: CAPEX (Company Only) PTT plans to invest Bt 230 bn (6.8bn) during 2009-2013, mostly into gas business expansion CAPEX 2009 - 2013 229,340 5 Years CAPEX Breakdown CAPEX 2009 70 696 70,696 By Business Unit Unit: MM Baht…
  21. INVESTOR UPDATE – PTT Public Company Limited – slide 21
    Major Projects Update : All projects are on track Gas Separation Plant Unit6 LNG Receiving Terminal Phase I Location : Map Ta Phut, Rayong Location : Map Ta Phut, Rayong Proj Cost : US880 mm Proj Cost : US780 mm Capacity : 5 MTA…
  22. INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Strategic Roadmap : Core Value Creators Infrastructure is under expansion to enhance capability to meet future gas demand Gas Demand Outlook Unit : mmscfd 6,000 5,000 Industry 20% 4,000 12% GSP 22% 3 000 3,000 17% 2,000…
  23. INVESTOR UPDATE – PTT Public Company Limited – slide 23
    Petrochemical Affiliates Lower product prices impacted performance Unit : MM Baht Product Prices PTTCH (PTT 49.30%) 93% 99% 102% 112% Unit : US/Ton HDPE % Utl Olefins % Utl 92% 85% 84% 93% 1,643 1,536 25,343 1,350 1,355 20,258 1…
  24. INVESTOR UPDATE – PTT Public Company Limited – slide 24
    Petrochemical: Strategic Roadmap - Integrated Value Enhancers New businesses are under development to utilize assets, enhance competitiveness, and diversify risks Unit : MM USD 5-year Company (PTT Stake) 2009 2010 2011 2012--2013…
  25. INVESTOR UPDATE – PTT Public Company Limited – slide 25
    Refinery Business in Thailand PTT as the strong leadership position, ensures stable supply to downstream and related businesses PTT Group represents 36 36% % of total refining capacity by equity portion Total refining g capacity…
  26. INVESTOR UPDATE – PTT Public Company Limited – slide 26
    Refining Associates GRM & GIM Lower market GRM & GIM from decelerated oil demand Market GRM * Market GIM * GRM (/bbl) GIM (/bbl) 13 13 9.3 10.2 2008 (avg) 1H/2009 (avg) 10 2008 (avg) 10 1H/2009 (avg) 5.9 5.5 8 5.8 5.9 8 3.2…
  27. INVESTOR UPDATE – PTT Public Company Limited – slide 27
    Refining Associates Declined performance from lower GRM despite better P2F margin EBITDA NI %Utl Unit : MM Baht TOP 275 kbpd (PTT 49.10%) 96 100 102 101 SPRC 150 kbpd (PTT 36%) 101 106 28,959 97 23,058 87 19,118 7,949 14,420…
  28. INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Refining Strategic Roadmap : Integrated Value Enhancers New businesses are under development to utilize assets, enhance competitiveness, and diversify risks 5-year 2009 2010 2011 20 201212 2013 CAPEX (MM) Refining Capacity Ethanol…
  29. INVESTOR UPDATE – PTT Public Company Limited – slide 29
    PTT International : An Overseas Investment Arm of PTT PTT holds 100% PTT East Mediterranean Gas Company S.A.E. (EMG ) 100% PTT Inter I t Own an export terminall in Egypt, offshore ff h NG pipeline l from Egypt to Israel (677…
  30. INVESTOR UPDATE – PTT Public Company Limited – slide 30
    Contents About Thailand Introduction to PTT Activities & Operational Results Financial Performance 2H/2009 Outlook l k 31
  31. INVESTOR UPDATE – PTT Public Company Limited – slide 31
    Financial Highlights Unit : MM Baht 2007 2008 %YoY 1H/08 1H/09 %YoY Sales & Services , , 1,508,129 2,000,816 , , 33% 1,082,559 , , 690,565 , ((36%)) Cost of sales (excl. DD&A) 1,328,906 1,801,702 36% 994,856 627,160 (37%) EBITDA…
  32. INVESTOR UPDATE – PTT Public Company Limited – slide 32
    Net Income (Equity Method) Unit : MM Baht 2007 2008 %Y oY 1H/08 1H/09 %Y oY Net Inc ome (Cost Method) 63,225 59,994 (5%) 37,367 17,498 (53%) Less: Dividend Rec eived (19,434) (27,616) 42% (16,633) (8,866) 47% Gain from Investment…
  33. INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Balance Sheets : Maintain Liquidity & Financial Strength Strong Financial Position Unit : MM Baht 100% Coogee Co Completion pe o o of acquisition by PTTEP 3rd pipeline started Arthit-MTJDA 60% SBI acquisition commissioning…
  34. INVESTOR UPDATE – PTT Public Company Limited – slide 34
    Debt Profile : Control Cost & Manage Risk Debt portfolio is structured to natural hedge and minimize financial risks Debt Portfolio Consolidated debt Bt314 bn (9.2 bn) PTT Only Consolidated : Cost of debts 5.4% : Cost of debts 5.0%…
  35. INVESTOR UPDATE – PTT Public Company Limited – slide 35
    Contents About Thailand Introduction to PTT Activities & Operational Results Financial Performance 2H/2009 Outlook 36
  36. INVESTOR UPDATE – PTT Public Company Limited – slide 36
    2H/2009 Outlook Crude oil price has strengthened from 36/bbl at end-December 2008 to 72/bbl at end-June 2009 with average of 51/bbl for 1H/2009, partly due to the perception that global economy is starting to recover. For 2H/2009,…
  37. INVESTOR UPDATE – PTT Public Company Limited – slide 37
    Thank you PTT Public Company Limited Capital Market & Investor Relations Department Tel. +66 2 537-2792, Fax. +66 2 537-2791, Email: irpttplc.com, http://www.pttplc.com/ 38
  38. INVESTOR UPDATE – PTT Public Company Limited – slide 38
    Create Value Through Business Chain PTT Group has strong presence in various sectors throughout the hydrocarbon value chain 39
  39. INVESTOR UPDATE – PTT Public Company Limited – slide 39
    E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc. PTTEP 65.53% PTT…
  40. INVESTOR UPDATE – PTT Public Company Limited – slide 40
    Energy Consumption : Growing along with Economic Expansion Oil and gas are major sources of energy and likely to remain so for many years Energy consumption forecast (CAGR during 2009-2020) : Total 4% : Gas 4% : Oil 2% kboed : Coal…
  41. INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and increasingly transportation industry Gas demand forecast (CAGR during 2008 2008--2021) 2021) : Total 4% : Power 3%…
  42. INVESTOR UPDATE – PTT Public Company Limited – slide 42
    PTT: Natural Gas Sales Customer Breakdown During 1998 - 2008 By Unit By percentage mmscfd 3,443 7% Industry 12% 16% 420 GSP 17% 9% Industry 583 SPP 13% GSP 459 1,570 IPP SPP 28% 104 968 69% 248 135 IPP 1 083 1,083…
  43. INVESTOR UPDATE – PTT Public Company Limited – slide 43
    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…
  44. INVESTOR UPDATE – PTT Public Company Limited – slide 44
    Performance Highlights in 2Q/2009 PTT On July 31, 2009, PTT issued Baht debentures in the total amount of Bt 35,000 mm. At the end of July 2009, The Office of the Council of State issued an opinion that the relevant government…
  45. INVESTOR UPDATE – PTT Public Company Limited – slide 45
    Performance Highlights in 2Q/2009 (Continued) PTTEP On May 29, 2009 ,PTTEP issued Baht debentures in the total amount of Baht 40,000 mm. Entered into Zero Collar oil price hedging at 55 - 86/bbl (Brent) for 20,000 bpd in 2H/2009,…
  46. INVESTOR UPDATE – PTT Public Company Limited – slide 46
    Performance Highlights in 2Q/2009 (Continued) Refining Business PTTAR On April 30, 2009, PTTAR issued 5-year debentures in the total amount of Bt 15,000 mm with 5.5% p.a. interest rate. During April 26 May 2, 2009, the Hydrocracking…
  47. INVESTOR UPDATE – PTT Public Company Limited – slide 47
    Performance Highlights : Revenues Higher revenue QoQ from increased prices and volume Crude Dubai (US/bbl) -50% YoY +34% QoQ -50% YoY 2Q/09 Revenue Breakdown 117 104 44 59 51 Gas US 11,114 mm Unit : MM Baht 1,082,559 PTTEP 18%…
  48. INVESTOR UPDATE – PTT Public Company Limited – slide 48
    Performance Highlights : EBITDA Improved EBITDA QoQ from higher margins & volume and started recognition of new coal assets Crude Dubai (US/bbl) -50% YoY +34% QoQ -50% YoY 117 2Q/09 EBITDA Breakdown 104 44 59 51 82,293 Coal…
  49. INVESTOR UPDATE – PTT Public Company Limited – slide 49
    Performance Highlights : Net Income Earnings surged 167% QoQ contributed by all businesses Crude Dubai (US/bbl) -50% YoY +34% QoQ -50% YoY 2Q/09 Net Income Breakdown 117 104 44 59 51 Other Coal Affi. US 571 mm Unit : MM Baht 56,017…
  50. INVESTOR UPDATE – PTT Public Company Limited – slide 50
    PTT : Transmission Pipeline Demand recovery with pipeline tariff adjustment Gas Sales Volumes (mmscfd) heat 1,000 Customer Profile Existing pipelines capacity 4,380 mmscfd EGAT IPP SPP GSP Industry NGV 2009 2008 2007 2006 2005 +2%…
  51. INVESTOR UPDATE – PTT Public Company Limited – slide 51
    PTT : Gas Separation Plants Higher product prices, lower feedstock cost reflected better GSPs performance QoQ Product Prices (/ton) 2Q 1H Price %QoQ %YoY %YoY 1 738 1,738 1 643 1,643 HDPE +22% -32% -37% 1,679 1,144 1,624 PP +26%…
  52. INVESTOR UPDATE – PTT Public Company Limited – slide 52
    PTTEP: Operating and Financial performance Better oil price, higher volume, full Quarter realization of PTTEP AA (Coogee)s performance Financial Performance 2Q/2009 Product Mix 2Q 1H %QoQ %YoY %YoY By Volume By Revenue Sales Revenue…
  53. INVESTOR UPDATE – PTT Public Company Limited – slide 53
    PTT : Oil Business Market leader in oil retails at 34% market share with 1,069 gas stations nationwide (excl. PTTRM) Oil Marketing : sales volume 218 KBOE/d Thailands Market Share As of June 2009 PTTRM Unit : million liters -16% YoY…
  54. INVESTOR UPDATE – PTT Public Company Limited – slide 54
    Petrochemical Affiliates Better performance from higher margins Unit : MM Baht Product Prices PTTCH (PTT 49.30%) Unit : US/Ton 114% 112% 107% 109% 102% 1,679 HDPE % Utl 1,643 Olefins % Utl 1,385 1,355 94% 89% 94% 93% 92% ,…
  55. INVESTOR UPDATE – PTT Public Company Limited – slide 55
    Refining Associates Better performance QoQ from stock gain & higher P2F margin EBITDA NI %Utl Unit : MM Baht TOP 275 kbpd (PTT 49.10%) 105 103 98 102 101 SPRC 150 kbpd (PTT 36%) 23,058 105 106 97 106 17,252 88 10,546 5,283 8,653…
  56. INVESTOR UPDATE – PTT Public Company Limited – slide 56
    Cash Flow (Company Only) : 1H/2009 Unit : MMBaht + Operating 2,742 CAPEX & INVESTMENT (28 28,,879 879)) Net Income & non- non-cash 18,,787 18 787* * CAPEX (PP&E) (22 22,,122 122)) Adjustment Investment in Affiliates (16…
  57. INVESTOR UPDATE – PTT Public Company Limited – slide 57
    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% 41.3% 32.4% 32.6% 30.1% 30.3% 30.8% 33.0% 29.8% 25% PTTs minimum payout ratio…
  58. INVESTOR UPDATE – PTT Public Company Limited – slide 58
    Reference : Product Prices 2007 2008 2009 %YoY %QoQ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FX THB/USD ( end period) 35.1354 34.6679 34.3851 33.8850 31.6229 33.6588 34.1752 35.0824 35.6629 34.1693 6% -4% FX THB/USD (Daily Average) 35.7077…

From the store

Browse maps, data & reports in the Shale Experts store