Agenda Developments in 2Q/10 Activities & Operational Results Financial Performance Economic and Market Outlook 3
Developments in 2Q/2010 PTTEP In 2Q/2010, PTTEP conducted oil price hedging programs. The contract covers period of April December 2010 for 3.42 mm bbls at the guarantee (Brent) price between 70- 101.26/bbl. Gas Business Sales…
Agenda Developments in 2Q/10 Activities & Operational Results Financial Performance Economic and Market Outlook Company Logo 5
Sales revenues Increased revenues in 1H/10 mainly from increased sales volume and prices Crude Dubai (US/bbl) +32% YoY +48% YoY +3% QoQ 1H/10 Revenue Breakdown 76 78 77 59 52 Gas Unit : MM Baht 16 PTTEP 7 Petrochem +37% YoY…
EBITDA For 1H/10, EBITDA of all businesses improved except petrochemical Crude Dubai (US/bbl) +32% YoY +48% YoY +3% QoQ 1H/10 EBITDA Breakdown 76 78 77 59 52 Coal Others 3% 0.1% Oil Mkt Unit : MM Baht Petrochem 7% +41% YoY Int…
Net Income Better performance in 1H/10 despite weak refining business results Crude Dubai (US/bbl) +32% YoY +48% YoY 1H/10 Net Income Breakdown +3% QoQ 76 78 77 Coal Other 59 52 Refining 1% Affi. -1% Unit : MM Baht Asso. +45%…
PTTEP: Operating and Financial performance For 2Q/10 and 1H/10, earnings improved from both sales volume and price driven Sales Volume and Price 1H /10 Product Mix 2Q 1H %QoQ %YoY %YoY By Volume By Revenue Sales Vol. (BOED) +2% +13%…
PTT : Natural Gas Sales & Transmission Pipeline Unexpected demand growth in 2Q/10 and 1H/10 from economic recovery and warm weather Gas Sales Volumes (mmscfd) heat 1,000 Customer Profile Existing pipelines capacity 4,380 mmscfd EGAT…
PTT : Gas Separation Plants Better performance in 1H/2010 from higher margins despite lower sales volume Product Prices (/ton) Sales Volume (x 1,000 tons) -10.8% YoY -8.8% YoY 1,340 1,340 +0.3% QoQ 1,313 PP 1/ 2,109 1,923 1,148…
PTT : Oil Business Market leader in oil retails at 35% market share with 1,145 gas stations nationwide (excl. PTTRM) Oil Marketing : sales volume 241 KBOE/d +6% YoY Thailands Market Share Unit : Million liters 6,516 6,929 As of June…
Petrochemical Affiliates PTTCH contributed higher performance in 1H/10 from better P2F margins Product Prices - Ethylene Chain Product Prices - Propylene Chain Unit : US/Ton Unit : US/Ton 1,313 1,340 1,340 1,340 1,250 1,144…
Refining Associates Lower 1H/10 performance due mainly to lower GRM, GIM and stock loss Unit : MM Baht TOP 275 kbpd (PTT 49.10%) PTTAR 280 kbpd (PTT 48.63%) 98 94 93 101 94 97 97 97 100 105 8,653 13,935 6,795 7,162 11,915 3,735…
Coal business (PTT controls 27% shareholding in Straits Asia) Better performance YoY and QoQ from higher sales volume Sales Volume & Price Production Profile 86 71 72 86 72 Unit : MM Tons Avg. Selling Price US/Ton 18 %YoY %QoQ…
Agenda Developments in 2Q/10 Activities & Operational Results Financial Performance Economic and Market Outlook Company Logo 16
Profit and Loss Highlights Unit : MM Baht 1H/09 1H/10 %YoY 2Q/09 1Q/10 2Q/10 %YoY %QoQ Sales & Services 690,565 945,053 37% 387,056 449,396 495,657 28% 10% EBITDA 61,559 86,855 41% 35,201 43,247 43,608 24% 1% DD&A 19,595 25,001…
Balance Sheets : Solid and Secured Assets growth shows continuous expansion Unit : MM Baht Current Asset 100% Coogee Work in process: acquisition by PTTEP Montara & Bongkot,PTTLNG, Strong Financial Position 60% PTTAPM PTTAC, ESP…
Debt Profile : Control Cost & Manage Risk Debt portfolio is structured to natural hedge and minimize financial risks Debt Portfolio Consolidated debt Bt 345 bn (10.6 bn) PTT Only Consolidated : Cost of debts 4.9 % : Cost of debts…
Agenda Developments in 2Q/10 Activities & Operational Results Financial Performance Economic and Market Outlook Company Logo 20
Economic & Market Outlook Global economy continues to grow with several key risk factors and uncertainties to monitor such as the tightened measures of China, public debt and fiscal deficit in Europe etc. The IMF raises 2010 growth…
Q&A PTT Public Company Limited Investor Relations Department Tel. +66 2 537-2792, Fax. +66 2 537-2791, Email: irpttplc.com, http://www.pttplc.com, http://www.twitter.com/PTTIR 22
Thank you PTT Public Company Limited Investor Relations Department Tel. +66 2 537-2792, Fax. +66 2 537-2791, Email: irpttplc.com, http://www.pttplc.com, http://www.twitter.com/PTTIR 23
Process to consider severe impact projects/activities The committee on resolving MTP problems concludes the list of the severe impact projects/activities after the hearing process On July 8,2010, the National Environment Board…
Map Ta Phut Case Update 76 Others 29 Sep 09 PTT Group Central Administrative Court suspended 76 projects /activities 25 51 25 projects belong to PTT Group. Exempted PTT Group projects 2 Dec 09 1 Clean Fuel and Upgrading…
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 Vayupak PTTCH Fund, 15% PTTEP Public, 2.1% 33%…
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-…
Highlights of Core Strategies Thai Premier Multinational Energy Company Global Fortune 100 by 2020 Top Quartile Performance Performance: Growth: Sustainability Synergy: Deeper and Stakeholder Excellence : Best-in-class and…
Data as of 30 June 2010 E&P and Gas Business Group Oil Business Group Petrochemicals & Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
Energy Consumption : Growing along with Economic Expansion Oil and gas are major sources of energy and likely to remain so for many years. ed 2800 Energy consumption forecast (CAGR during 2010-2020) : Total 4% : Gas 4% 2,560 : Oil…
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 2% : Power 1% mmscfd : GSP 1% :…
PTT: CAPEX (Company Only) (Revised 2010 expenditures) PTT plans to invest Bt 232 bn (7.1bn) during 2010-2014 5 Years CAPEX Breakdown CAPEX 2010 - 2014 232,888 By Business Unit Unit: MM Baht JV-LNG 8% HO&Others JV Overseas 35%…
Projects update 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 Capacity : 1,840 KTA COD :…
Strategic Roadmap : Core Value Creators Infrastructure is under expansion to enhance capability to meet future gas demand Gas Demand Outlook Unit : mmscfd 6000 5000 NGV 7% 4000 Industry 15% 5% 11% GSP 22% 3000 17% 2000 Power…
Petrochemical: Strategic Roadmap - Integrated Value Enhancers Most downstream petrochemical value creation projects to be completed within 2011 Company (PTT Stake) 2010 2011 2012 2013-14 (49.08%) Ethylene 2,376 KTA LDPE 300 KTA…
Refining Strategic Roadmap : Integrated Value Enhancers Major projects focus on value creation and products quality improvement 2010 2011 2012 2013 2014 Refining Capacity EURO IV TOP TLB Specialties-TDAE Project Cost 47 MM…
Refining Associates GRM & GIM Good P2F margins, mainly in 1Q/10, helped improved Lower accounting GRM in 1H/10 but higher accounting GIM Complex Refining Accounting GRM Accounting GIM Unit : US/bbl Unit : US/bbl TOP PTTAR SPRC BCP…
Cash Flow (Company Only) : 1H/2010 Unit : MMBaht + Operating 23,025 CAPEX & INVESTMENT (26,336) Net Income & non-cash 31,608* CAPEX (PP&E) (10,979) Adjustment Investment in Affiliates (5,050) Changes in assets Loans to…
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% 30.3% 30.8% 33.0% 29.8% 30.1% 25% PTTs minimum payout ratio…
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