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INVESTOR UPDATE – PTT Public Company Limited

PTT Public Company Limited · May 10, 2011 · 41 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 May 2011
  2. INVESTOR UPDATE – PTT Public Company Limited – slide 2
    Contents Thailand Oil & Gas Group Overview 1Q/11 Highlights and Financial Performance 1Q/11 O Operational ti l Results R lt Economic & Market Outlook 2/29
  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 Import 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%) 2,492 MMscfd 892 MMscfd…
  5. INVESTOR UPDATE – PTT Public Company Limited – slide 5
    Contents Thailand Oil & Gas Group Overview 1Q/11 Highlights and Financial Performance 1Q/11 Operational O ti l Results R lt Economic & Market Outlook 5/29
  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 8.7 trillion PTTEP PTTCH 6.7% 2.7% TOP OTHERS PTT G Group 1.9% 1 9%…
  7. INVESTOR UPDATE – PTT Public Company Limited – slide 7
    PTT Groups Vision & Aspiration Thai Premier Multinational Energy Company Aspiration : Becoming a Global Fortune 100 Company by 2020 With Top pQQuartile Performance and on DJSI by y 2013 Strategic Framework Balance All…
  8. INVESTOR UPDATE – PTT Public Company Limited – slide 8
    Our major businesses & activities Business Areas Company PTTs holding (%) Activities PTTEP 65.32% Exploration and Production E&P Upstream m PTT PLC Gas Pipeline 100% Sole owner/operator of the Transmission pipeline Gas S&M…
  9. INVESTOR UPDATE – PTT Public Company Limited – slide 9
    Contents Thailand Oil & Gas Group Overview 1Q/11 Highlights and Financial Performance 1Q/11 Operational O ti l Results R lt Economic & Market Outlook 9/29
  10. INVESTOR UPDATE – PTT Public Company Limited – slide 10
    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 &…
  11. INVESTOR UPDATE – PTT Public Company Limited – slide 11
    Highlights Thai Premier Multinational Energy Company Operation GSP6 1Q volume at 142 KT, full capacity at 1.87 MTA / LPG/NGV capped pp p price extended to Sep p 30,, 2011 SAR, Indonesian Sebukus Northern Leases license…
  12. INVESTOR UPDATE – PTT Public Company Limited – slide 12
    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 PTT-Oil 449,020 540,857 Others Revenue PTT-Oil &…
  13. INVESTOR UPDATE – PTT Public Company Limited – slide 13
    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 Bongkot, 40% KKD Oil…
  14. INVESTOR UPDATE – PTT Public Company Limited – slide 14
    Contents Thailand Oil & Gas Group Overview 1Q/11 Highlights and Financial Performance 1Q/11 Operational O ti l Results R lt Economic & Market Outlook 14/29
  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: BOED 5% YoY 271,292 94.79 Liquid (/bbl) 257,276 69.36 73,388 69,742 Liquid 49.36…
  16. INVESTOR UPDATE – PTT Public Company Limited – slide 16
    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…
  17. INVESTOR UPDATE – PTT Public Company Limited – slide 17
    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% 9% YoY 4,145…
  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 : US/Ton Unit : KTon 53% 1,630 , YoY 1,466 1,340 1,372 PP 1/ 10% Propane 1,313 HDPE 1/ 916 960…
  19. INVESTOR UPDATE – PTT Public Company Limited – slide 19
    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 LNG New Supply JDA B17 Bongkot…
  20. INVESTOR UPDATE – PTT Public Company Limited – slide 20
    PTT : Oil Marketing and Trading Business Market leader in Thailand, going international Thailands Market Share Others 3% 24% 34% 8% Trusted Brand 2010 : Thailands Top Brand in Platinum Award for service station 10% 9% 13%…
  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%) Unit : US/Ton Unit : MM Baht 97% 97% YoY 8,220 1,630 31 Others 1,371…
  22. INVESTOR UPDATE – PTT Public Company Limited – slide 22
    Petrochemical Roadmap Major expansion in 2011 2011 2012 onwards Total CAPEX PTT 48.61% Olefins 2,588 KTA HDPE 300 KTA 486MM LDPE 300 KTA Polymers 990 KTA EO-Based 515 KTA Oleochemicals 962 KTA PTT 40.00% Phenol 200 KTA…
  23. INVESTOR UPDATE – PTT Public Company Limited – slide 23
    Refining Associates Performance Driven mainly by GRM and P2F Aromatic Prices Net Income (100%) Unit : US/Ton Unit : MM Baht 143% 1,621 YoY PX 1,040 1,148 21,017 Benzene 957 916 1,424 BCP 659 Naphtha 3,499 IRPC Accounting…
  24. INVESTOR UPDATE – PTT Public Company Limited – slide 24
    Refining Roadmap Focus on value creation and products quality improvement 2011 2012 2013 2014 2015 Total CAPEX EURO IV PX & BZ HCU Revamp Power Plant 1,326 MM VLCC 2 MMBBL Upgrading pg g Phase I-PSA 220 MW 49 10% PTT 49.10% PX…
  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. selling price Avg 82 Unit : MM Ton 72 US/Ton 17 21% 14 Unit : KTon 11.5 YoY 10.7 Sebuku 2 679 2,679…
  26. INVESTOR UPDATE – PTT Public Company Limited – slide 26
    PTT: CAPEX (PTT and wholly owned Subsidies) PTT plans to invest Bt 327 bn (10.9bn) during 2011-2015 U it MM Baht Unit: B ht CAPEX 2011 - 2015 327,038 R&D / Others Committed projects 228,789 JV M&A opportunities t iti 98 249…
  27. INVESTOR UPDATE – PTT Public Company Limited – slide 27
    PTT Groups strategic direction Energy diversification Internationalization Australia, N. / materials Thailand ASEAN Asia and S. Asia Non- Asia Oil Upstream Keep core value chain expansion Drive E&P growth (900 kbd) Top Oil and…
  28. INVESTOR UPDATE – PTT Public Company Limited – slide 28
    Contents Thailand Oil & Gas Group Overview 1Q/11 Highlights and Financial Performance 1Q/11 Operational O ti l Results R lt Economic & Market Outlook 28/29
  29. INVESTOR UPDATE – PTT Public Company Limited – slide 29
    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…
  30. INVESTOR UPDATE – PTT Public Company Limited – slide 30
    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)…
  31. INVESTOR UPDATE – PTT Public Company Limited – slide 31
    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…
  32. INVESTOR UPDATE – PTT Public Company Limited – slide 32
    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…
  33. INVESTOR UPDATE – PTT Public Company Limited – slide 33
    PTT : Oil 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 3% 10% Jet/IK 15% 24% Fuel Oil…
  34. INVESTOR UPDATE – PTT Public Company Limited – slide 34
    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 f from Egypt E t to t IIsraell 2010 Sales volume = 2.1…
  35. INVESTOR UPDATE – PTT Public Company Limited – slide 35
    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%…
  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 P 1% 6,000 :…
  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 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…
  39. INVESTOR UPDATE – PTT Public Company Limited – slide 39
    Petrochemical Market Reference Prices: Driven by Crude Oil Price Petrochemical prices Aromatics prices LPG Naptha p PP HDPE Benzene ParaXylene y 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%…
  40. INVESTOR UPDATE – PTT Public Company Limited – slide 40
    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.…
  41. INVESTOR UPDATE – PTT Public Company Limited – slide 41
    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…

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