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INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · Jun 1, 2013 · 45 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
    INNOVATION CREATES THE NEXT Investor Update June 2013
  2. INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Overview Performance Outlook Overview Performance Outlook 1
  3. INVESTOR UPDATE – PTT Public Company Limited – slide 3
    Oil Balance Thailand: Jan - Mar 2013 Adequate refining capacity maintains the stability of supply Overview Performance Outlook Supply Production Sales Import (79%) Domestic Imported Refined Petroleum Products 49 KBD 959 KBD…
  4. INVESTOR UPDATE – PTT Public Company Limited – slide 4
    Natural Gas Balance: Jan Mar 2013 Main driver of the Thai economy Overview Performance Outlook Supply Production Sales Ethane/ Indigenous (78%) Propane/ 3,707 MMSCFD LPG/NGL Petrochemical Feedstock (16%) Chevron 1,009 MMSCFD…
  5. INVESTOR UPDATE – PTT Public Company Limited – slide 5
    PTT is Thailands Largest Energy Company Overview Performance Outlook PTT Public Limited Company (PTT) Robust revenue and Net Income growth since IPO (MMUSD) Largest company on Thai Stock exchange 93,128 Market cap US33bn1 or…
  6. INVESTOR UPDATE – PTT Public Company Limited – slide 6
    PTTs Strategic Importance to Thailand Overview Performance Outlook Ministry of Finance holds majority stake in PTT PTT ratings at Thai sovereign level Public 34% Thai Ministry Foreign 18% of Finance 51% Kingdom of Thai 16%…
  7. INVESTOR UPDATE – PTT Public Company Limited – slide 7
    Our Major Businesses & Activities Overview Performance Outlook Business Areas Company PTTs holding (%) Activities Upstream E&P PTTEP 65.29% Exploration and Production PTT PLC Intermediate Gas Pipeline 100% Sole…
  8. INVESTOR UPDATE – PTT Public Company Limited – slide 8
    Net Income Performance: Q1/2013 vs Q1/2012 Overview Performance Outlook Unit : MMTHB 37,535 4% 36,105 5,232 Crude intake slightly decrease 1% Refinery 3,826 Avg. ACC GRM decrease 29%, mainly from lower stock gain 5,281…
  9. INVESTOR UPDATE – PTT Public Company Limited – slide 9
    Contents Overview Performance Outlook Highlights Performance Outlook 8
  10. INVESTOR UPDATE – PTT Public Company Limited – slide 10
    Exploration & Production Performance : PTTEP (65.29%) Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Product Prices Net Income (100%) 2% QoQ Unit: MMUSD 51% QoQ 5% YoY 109.20 Liquid (USD/BBL) 680 15%…
  11. INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Exploration & Production Roadmap : PTTEP Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Target Sales Volume Reserves Unit: KBOED Unit: MMBOE 2012 by Geography 1,786 50% International 901 10% 13%…
  12. INVESTOR UPDATE – PTT Public Company Limited – slide 12
    Gas Business Performance : Natural Gas Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others NG Sales Volume GSP - Reference Product Prices Unit: MMSCFD Unit : USD/Ton AVG. 1,539 4,695 4,746 1,428 1,462 PP 2013…
  13. INVESTOR UPDATE – PTT Public Company Limited – slide 13
    Gas Business Performance Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Gas BU EBITDA NGV EBIT Unit: MMTHB Unit : MMTHB 36% QoQ Q1/12 Q4/12* Q1/13 15,963 21% YoY 12,631 Others (19%) 9,259 -3,570…
  14. INVESTOR UPDATE – PTT Public Company Limited – slide 14
    Gas Business Roadmap Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Coal 5% PTTEP PTTEP LNG New (Bongkot (M9) PH2 Supply South) Pipeline Offshore Compressor 4 Onshore th Capacity (MMSCFD) 4,380…
  15. INVESTOR UPDATE – PTT Public Company Limited – slide 15
    Oil Business Performance : PTT Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin 1/ Oil BU - EBITDA 56% QoQ Unit : THB/Liter 7% QoQ Unit : MMTHB 1% YoY 8% YoY 4,931 4,989 0.98 0.90…
  16. INVESTOR UPDATE – PTT Public Company Limited – slide 16
    Oil Business Development Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others PTT Innovation Growing PTT brand internationally Regional Top Brand in ASEAN PTT Blue Society: PTT Blue Card Environmental…
  17. INVESTOR UPDATE – PTT Public Company Limited – slide 17
    International Trading Business Performance : PTT Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Trading BU - EBITDA* Unit :THB/Liter 25% QoQ Unit : MMTHB 17% QoQ 11% YoY 25% YoY…
  18. INVESTOR UPDATE – PTT Public Company Limited – slide 18
    International Trading Business: Roadmap Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others 17
  19. INVESTOR UPDATE – PTT Public Company Limited – slide 19
    International Trading Business: Roadmap Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Guangzhou Office Dubai Office Singapore Office 18
  20. INVESTOR UPDATE – PTT Public Company Limited – slide 20
    Refining Business Performance Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others GRM/GIM Net Income (100%) Unit : USD/BBL Unit : MMTHB 116.1 Dubai 107.5 108.2 17% QoQ 99% QoQ 9.85 13,671 27% YoY 42% YoY…
  21. INVESTOR UPDATE – PTT Public Company Limited – slide 21
    Refinery Project Update Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Ubon Ethanol : Ethanol plants Cassava/molasses Based Ethanol Capacity: 400,000 liters/day COD: Jan 2013 Solvent Expansion (SAKC)…
  22. INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Petrochemical Business Performance Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Spread Margins Net Income (100%) Unit : USD/Ton Unit : MMTHB 14% QoQ 4% QoQ 37% YoY 13% YoY 19% QoQ HDPE-Naphtha…
  23. INVESTOR UPDATE – PTT Public Company Limited – slide 23
    Petrochemical Project Update Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Debottleneck - PTTPE Cracker & Polymer Plants Under study plant configurations Expecting additional capacity of 15-20%…
  24. INVESTOR UPDATE – PTT Public Company Limited – slide 24
    Other Businesses : Coal - SAR (94.58%) Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Avg. Selling Price & Cash cost Net Income (100%) Unit : USD/Ton Unit : MMUSD 3% QoQ 95 39% QoQ 20% YoY 78 14.5 43%…
  25. INVESTOR UPDATE – PTT Public Company Limited – slide 25
    Other Businesses : Power GPSC (30.10%) Oversea Opportunities Overview Performance Outlook E&P Gas Oil & Trading Refining PetChem Others Myanmar Invest in hydro and coal-fired power plant in order to transmit power back to Thailand…
  26. INVESTOR UPDATE – PTT Public Company Limited – slide 26
    PTT Consolidated Performance: Q1/2013 Overview Performance Outlook Dubai (USD/BBL) 116.1 108.2 Q1/2013 107.5 Others PTTEP 4% Unit : MMTHB 7% 4% QoQ PTT - Gas 1% YoY 17% 732,886 699,932 Revenue 692,105 72% Revenue PTT - Oil…
  27. INVESTOR UPDATE – PTT Public Company Limited – slide 27
    Statement of Financial Position : Solid and Secured Overview Performance Outlook Increased assets : th 4 Onshore pipeline Unit: MMTHB Myanmar Zawtika PTTEP Australasia Arthit, contract 4 Bongkot Strong Financial Position…
  28. INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net income Overview Performance Outlook 43.6% 40.4% 32.4% 32.6% 29.8% 30.1% 30.3% 30.8% 33.0% 34.7% 34.9% 35.5% Dividend payout…
  29. INVESTOR UPDATE – PTT Public Company Limited – slide 29
    Contents Overview Performance Outlook Highlights Performance Outlook 28
  30. INVESTOR UPDATE – PTT Public Company Limited – slide 30
    Economic Outlook : Challenges ahead Overview Performance Outlook US Market expected to be slightly recoverd : - Market Concern about when the Fed will start curtailing the pace of bond purchase(QE) : - Driving Season Demand in US…
  31. INVESTOR UPDATE – PTT Public Company Limited – slide 31
    Market Outlook : Crude Oil Overview Performance Outlook Monthly Avg. Dubai Crude Oil Dubai PRISM (PTT Group) Forecast 122.5 116.2 117.3 106.42 111.2 111.5 105.75 109.8 108.6 105.17 107.3 106.3 107.3 106.3 107.6 105.6 104.83…
  32. INVESTOR UPDATE – PTT Public Company Limited – slide 32
    Market Outlook : Henry Hub Natural Gas Price Overview Performance Outlook /MMBTU 14 12 Consensus EIA Outlook 10 8 Average HH from Jan 13 May 13 = 3.75 /MMBtu 6 4 2 Henry Hub price in 2013 is expected to be flat around…
  33. INVESTOR UPDATE – PTT Public Company Limited – slide 33
    Market Outlook : GRM Overview Performance Outlook Forecast 25.00 20.00 GO 15.00 Mogas 10.00 5.00 0.00 FO -5.00 -10.00 -15.00 Singapore GRM in 2H/2013 is estimated to be around 5-6 USD/BBL Firm Demand from US…
  34. INVESTOR UPDATE – PTT Public Company Limited – slide 34
    Market Outlook : Petrochemical Overview Performance Outlook Unit :USD/ton Olefins Aromatics Y2013 Y2013 2000 2000 1800 1800 PX 1600 PP 1600 1400 1400 BZ HDPE 1200 1200 1000 1000 800 Naphtha 800 Naphtha 600 600 400 400 200…
  35. INVESTOR UPDATE – PTT Public Company Limited – slide 35
    PTT: CAPEX (PTT and Wholly Owned Subsidiaries) PTT plans to invest Bt 366bn (12bn) during 2013-2017 Overview Performance Outlook CAPEX Breakdown : 5 Years Unit: MMTHB Investment in Joint Venture and its subsidiaries By Business Unit…
  36. INVESTOR UPDATE – PTT Public Company Limited – slide 36
    Statements of Consolidated Cash Flows for Q1 2013 & 2012 Q1/2012 Q1/2013 Q1/2012 Q1/2013 Operating 29,048 43,468 Investing -32,148 -30,374 Net Income 37,535 36,105 CAPEX(PP&E, Intangible asset) -29,064 -28,764 Changes in assets &…
  37. INVESTOR UPDATE – PTT Public Company Limited – slide 37
    Statements of Cash Flows for Year Q1 2013 & 2012 (PTT Only) Q1/2012 Q1/2013 Q1/2012 Q1/2013 Operating 2,198 -7,079 Investing -5,217 -6,919 22,009 20,368 CAPEX (PP&E, Intangible Net Income -4,539 -5,771 asset) Changes in assets &…
  38. INVESTOR UPDATE – PTT Public Company Limited – slide 38
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio Unit : MMTHB PTT Only Consolidated : Cost of debts 4.78 % : Cost of debts 4.54 % : % fixed-rate 91 % : % fixed-rate 84…
  39. INVESTOR UPDATE – PTT Public Company Limited – slide 39
    PTT Group Performance : Q1/2013 Performance 100% % share Equity Method % PTT Unit : MMTHB Q1/13 Q1/12 YoY Q1/13 Q1/12 YoY PTT Net operating Income 12,033 15,536 -23% 12,033 15,536 -23% E&P - PTTEP 20,258 18,288 11% 65.29% 12,602…
  40. INVESTOR UPDATE – PTT Public Company Limited – slide 40
    Data as of 31 March 2013 Petrochemicals & E&P and Gas Business Group Oil Business Group Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
  41. INVESTOR UPDATE – PTT Public Company Limited – slide 41
    Natural Gas Price Structure : Jan Mar 2013 Gas prices are mostly agreed under long-term contracts and volatility pass-through to ensure stable returns. Sales Price Structure Customers1 Gas Pool Price + Supply Margins + Pipeline…
  42. INVESTOR UPDATE – PTT Public Company Limited – slide 42
    Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and transportation industry Source : PTT 42
  43. INVESTOR UPDATE – PTT Public Company Limited – slide 43
    Thailands projected energy demand Commercial Primary Energy Consumption KBD 4000 3,674 3,261 Nuclear 1% 3% 3500 2,826 3% 13% 3000 13% 2,376 2% 17% 2500 Hydro/Import13% 16% 1,863 2%Renewable 12% 15% 2000 Coal/Lignite…
  44. INVESTOR UPDATE – PTT Public Company Limited – slide 44
    2012-2013 Accolades PTT is widely recognized among business communities both international and local 144th in 2013 DJSI Member 95th in 2012 167th in 2012 2012-2013 128th in 2011 171th in 2011 155th in 2010 Platts Top 250 Asian…
  45. INVESTOR UPDATE – PTT Public Company Limited – slide 45
    Gas Business Generates Stable Returns Highlights Gas transmission pipeline capacity Sole owner and operator of entire gas transmission pipelines in Thailand (3,635 km), a regulated business Phu Hom Supply & marketing of…

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