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Q3 2011 ANALYST MEETING – PTT Public Company Limited

PTT Public Company Limited · Feb 10, 2011 · 51 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. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 1
    Analyst Meeting Q3/2011
  2. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 2
    Contents Highlights Operational Results Financial Performance Economic & Market Outlook Flood Highlights Operational Results Financial Performance Economic & Market Outlook p Flood Impact & PTT Contribution 1
  3. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 3
    Highlights Highlights Operational Results Financial Performance Economic & Market Outlook Flood Economy Potential Greeces sovereign debt default resulting in fear of European/Worlds economic slowdown Prolonged China tight monetary…
  4. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 4
    Highlights Highlights Operational Results Financial Performance Economic & Market Outlook Flood Investments Successfully merged PTTCH & PTTAR, to create PTT Global Chemical Plc. on 19 Oct. 2011, with market cap of THB 301 billion…
  5. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 5
    Prices Movement Highlights Operational Results Financial Performance Economic & Market Outlook Flood 2010 2011 Q1 Q2 Q3 Q4 Q1 Q2 Q3 130.0 127.1 122.3 Coal 126.6 121.1 123.3 119.5 116.0 119.4 119.8 120.7 (/Ton) 108.7 107.8…
  6. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 6
    Interest Rate and FX movement Highlights Operational Results Financial Performance Economic & Market Outlook Flood 2010 2011 THB % Q1 Q Q2 Q Q3 Q4 Q Q1 Q Q2 Q Q3 34 4 32.48 32.40 30.89 30.09 1.91% 2.96% 3.17% 33 3.5 3 32 FX…
  7. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 7
    Contents Highlights Operational Results Financial Performance Economic & Market Outlook Flood Highlights Operational Results Financial Performance Economic & Market Outlook p Flood Impact & PTT Contribution 6
  8. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 8
    Exploration & Production performance : PTTEP (65.29%) Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Product Prices Net Income (100 100%) %) Unit:…
  9. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 9
    Exploration & Production Roadmap : PTTEP Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Target Sales Volume Proved Reserves Unit: KBOED 323 329…
  10. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 10
    Gas Business performance : PTT Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others NG Sales Volume EBITDA Unit: MMSCFD Unit: MMTHB 47% 4,330 4,249…
  11. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 11
    Gas Business performance: Gas Separation Plants & NGV Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Product Prices NGV EBIT Loss Unit : USD/Ton Unit…
  12. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 12
    Gas Business Roadmap Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Unit : MMSCFD 6,000 8% NGV 15% Industry 4,000 6% 13% 18% GSP 21% 2,000…
  13. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 13
    Oil Business performance : PTT Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Contribution Margin* EBITDA 11% Unit :THB/Liter Unit : MMTHB 10,350…
  14. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 14
    International Trading Business performance : PTT Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Contribution Margin EBITDA* Unit :THB/Liter Unit :…
  15. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 15
    Petrochemical Business performance Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Product Prices Net Income (100 (100%) %) Unit : USD/Ton Unit :…
  16. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 16
    Petrochemical Business Roadmap Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others 2011 2012 2013 2014 2015 PTT 48.92% Refining 280 KTA Euro IV Olefins…
  17. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 17
    Refining Business performance Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others GRM/GIM Net Income (100 (100%) %) Unit : USD/BBL 9.93 Unit : MMTHB…
  18. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 18
    Refining Business Roadmap Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others 2011 2012 2013 2014 2015 PTT 49.10% EURO IV PX & BZ HCU Revamp Benzene Power…
  19. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 19
    Other Businesses : Coal - SAR (45.6%) Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Average SAR Selling Price Net Income (100 (100%) %) Unit :…
  20. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 20
    Coal Mining Roadmap Highlights Operational Results Financial Performance Economic & Market Outlook Flood E&P Gas Oil & Trading Petchem Refining Others Target Production Volume Resources & Reserves Reserves 146 MMTon Unit : MMTon…
  21. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 21
    Contents Highlights Operational Results Financial Performance Economic & Market Outlook Flood Highlights Operational Results Financial Performance Economic & Market Outlook p Flood Impact & PTT Contribution 20
  22. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 22
    PTT Consolidated Performance : Q3/11 Highlights Operational Results Financial Performance Economic & Market Outlook Flood 111 107 Dubai (USD/BBL) Others PTTEP 1% 4% Unit : MMTHB 6% 648,365 PTT - Gas 15% Revenue 643,577 75% PTT -…
  23. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 23
    PTT Group Performance : Q3/11 Highlights Operational Results Financial Performance Economic & Market Outlook Flood Performance 100% % share Equity Method % PTT Unit : MMTHB Q2/11 Q3/11 QoQ Q2/11 Q3/11 QoQ PTT Company Only 19,888…
  24. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 24
    PTT Consolidated Performance : 9M/11 Highlights Operational Results Financial Performance Economic & Market Outlook Flood 106 Dubai (USD/BBL) 76 Others PTTEP 4% Unit : MMTHB 30% 6% PTT - Gas 15% 1,832,799 1,405,429 Revenue…
  25. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 25
    PTT Group Performance : 9M/11 Highlights Operational Results Financial Performance Economic & Market Outlook Flood Performance 100% % share Equity Method % PTT Unit : MMTHB 9M/10 9M/11 YoY 9M/10 9M/11 YoY PTT Company Only 44,934…
  26. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 26
    Statement of Financial Position : Solid and Secured Highlights Operational Results Financial Performance Economic & Market Outlook Flood Unit: MMTHB Increased assets : GSP6 Strong Financial Position 40% KKD Oil Sands 12.1…
  27. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 27
    Contents Highlights Operational Results Financial Performance Economic & Market Outlook Flood Highlights Operational Results Financial Performance Economic & Market Outlook p Flood Impact & PTT Contribution 26
  28. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 28
    Economic Outlook : Q4/11 Highlights Operational Results Financial Performance Economic & Market Outlook Flood Uncertainties surrounding European sovereign debt crisis continues/ exacerbates EU to save European financial market in…
  29. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 29
    Industry Outlook : Q4/11 Highlights Operational Results Financial Performance Economic & Market Outlook Flood Price Positive Factors Negative Factors Outlook Strong seasonal demand European crisis uncertainties (winter) Global…
  30. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 30
    Contents Highlights Operational Results Financial Performance Economic & Market Outlook Flood Highlights Operational Results Financial Performance Economic & Market Outlook p Flood Impact & PTT Contribution 29
  31. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 31
    PTT We Care Highlights Operational Results Financial Performance Economic & Market Outlook Flood 30
  32. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 32
    Flood Impact to PTT Group : Worst crisis, Limited impact Highlights Operational Results Financial Performance Economic & Market Outlook Flood Tentative Q4/11 Volume Impact Remarks E&P 5% 13,000 BOED loss from flood Sales vol.…
  33. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 33
    PTTs Contribution : Towards Nation Restoration Highlights Operational Results Financial Performance Economic & Market Outlook Flood 32
  34. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 34
    PTT: CAPEX (PTT and wholly owned Subsidiaries) 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 &…
  35. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 35
    Statements of Consolidated Cash flows for Sep. 30, 2011 & 2010 Unit : MMTHB 9M10 9M11 9M10 9M11 Operating O ti 101 527 101,527 102 861 102,861 CAPEX & IInvestment t t -71,341 71 341 -134,571 134 571 EBITDA & Non-Cash Adjustment…
  36. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 36
    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 5.06 % : Cost of debts 4.39 % : % fixed-rate 90 % : % fixed-rate…
  37. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 37
    Oil Balance Thailand: Jan - Sep 2011 Adequate refining capacity maintains the stability of supply Supply Production Sales I Import t (80%) D Domestic ti Imported Refined Petroleum Products 54 KBD 863 KBD Crude/ Refined…
  38. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 38
    Natural Gas Balance: Jan Sep 2011 Main driver of the Thai economy Supply Production Sales Ethane/ Total 4,248 MMSCFD Indigenous (77%) Propane/ 3,286 MMSCFD LPG/NGL Petrochemical Feedstock (13%) Chevron 2,456 MMSCFD 869 MMSCFD…
  39. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 39
    Our major businesses & activities Business Areas Company PTTs holding (%) Activities Upsstream E&P PTTEP 65.29% Exploration and Production PTT PLC ediate Gas Pipeline 100% Sole owner/operator of the Transmission…
  40. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 40
    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 2011 2011--2030) 2030) : Total 1% : Power 1% mmscfd fd :…
  41. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 41
    Oil Prices Movement: Our Key Value Driver Oil prices Dubai FO Gasoline Diesel Q3/11 vs Q2/11 -3% 3% 1% -4% Q3/11 vs Q3/10 45% 53% 53% 46% 160 Dubai 2010 avg. = 106/bbl 140 120 Dubai 2010 avg. = 78/bbl 110.7 107.1 116.8 113.3…
  42. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 42
    Petrochemical Market Reference Prices: Driven by Crude Oil Price Petrochemical prices Aromatics prices LPG Naptha PP HDPE Benzene Paraxylene Q3/11 vs Q2/11 -8% -3% -3% 2% Q3/11 vs Q2/11 -2% 4% Q3/11 vs Q3/10 37% 59% 27% 25% Q3/11 vs…
  43. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 43
    Data as of 30 September 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…
  44. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 44
    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 8.0 trillion PTTEP 6.7% PTTGC PTT 3 6% 3.6% Others Group 76.1% 23.9%…
  45. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 45
    PTT International Future Growth of PTT Coal Pipeline Unit : MM Ton SAR EMG ((Egypt) gyp ) 14.014.5 14 0 14 5 12.012.5 8.5 9 10.7 11.111.3 Investing 25% in EMG Offshore natural gas pipeline system from Egypt to Israel 2008…
  46. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 46
    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…
  47. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 47
    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…
  48. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 48
    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%…
  49. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 49
    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…
  50. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 50
    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) 171th The Biggest Listed Companies in the 7thTop Asia…
  51. Q3 2011 ANALYST MEETING – PTT Public Company Limited – slide 51
    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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