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Q1 2015 OPPORTUNITY DAY – PTTEP

PTTEP · May 21, 2015 · 24 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. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Q1 2015 Opportunity Day Stock Exchange of Thailand 21 May 2015
  2. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 2
    Safety Safety Industry Update Q1 2015 Financial Results Outlook 2/15
  3. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 3
    Q1 2015 Safety Highlights Emphasis on safety in all areas of operations underlines excellent track record Above Industry Average Safety Record of incidents per million man hours Industry Benchmark PTTEP 0.5 0.12 0.0 2009…
  4. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 4
    Industry Update Safety Industry Update Q1 2015 Financial Results Outlook 4/15
  5. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 5
    Oil Prices Headlines drive price volatility Brent Dubai Min-Max Brent Q1Highlights Analyst Consensus* US / Barrel - Uninterrupted shale production growth 120 2015 consensus - Rising US Crude Inventory Q2 Brent 58.80 US/BBL 2H Brent…
  6. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 6
    Industry Response to low prices Emphasis on Efficiency and Value Rig Rates (since 01/2014) Emerging Trends 650 120 Headcount Reduction from service industry Brent New Day Rates (Thousands) 550 100contracts Drillship Brent…
  7. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 7
    Thailand Energy Updates Gas demand continues to grow, and upstream energy reform makes progress Gas Consumption Energy Reform Monthly Gas Consumption by Year 21st Bidding Bidding round expected to MMSCFD Round 2013 2014 2015 resume…
  8. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 8
    Q1 2015 Financial Results Safety Industry Update Q1 2015 Financial Results Outlook 8/15
  9. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 9
    Sales Volume & Unit Costs Strong gas price and healthy cash margin amidst low oil prices environment Rest of World Sales Volume and Price Unit Cost Other SEA /BOE Cash Cost Unit Cost TH BOED 321,886 327,145 50 C 292,629 19,807…
  10. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 10
    Cash Flow Performance Robust liquidity to fund CAPEX and Debt Service Cash Flow Performance Source & Use of Funds in Q1 2015 MMUSD MMUSD KBOED Sales Volume 5,000 5,000 400 4,000 4,330 4,000 3,675 3,000 300 3,000 2,000 2,000…
  11. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 11
    Financial Position Strong Balance Sheet with Low Gearing MMUSD Capital Structure D/E Ratio 25,000 23,287 23,353 1.00 21,572 20,000 5,830 6,510 6,554 0.80 15,000 4,023 4,229 4,206 0.60 10,000 0.34 0.40 0.34 0.33 5,000 11,719…
  12. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 12
    Outlook Safety Industry Update Q1 2015 Financial Results Outlook 12/15
  13. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 13
    2015 Near-term Priorities Update Reassess sales volume target and make progress on cost savings plan Sales Volume Guidance SAVE to be SAFE Cost Optimization Plan Unit : KBOED Unit : MMUSD + 3 to 6% 4,832 4,300 Swing Factors 322…
  14. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 14
    Outlook Adopt a cautious and well-measured approach to cope with price volatility Snapshot of what to expect in 2015 Average Annual Gas Sales Price* 7.2 USD / MMBTU Gas / Liquid Volume Mix % 70:30 Expected EBITDA Margin* 65% Key…
  15. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 15
    Thank You and Q&A Exploring new horizons, we take every step as learning For more information, please visit our website at http://www.pttep.com OR Contact us via email address at IRpttep.com OR Call us at +66 2 537 4000…
  16. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 16
    Supplementary Index 1. Industry 2. Detailed Financial Information 3. Project Details 4. Organization Structure 5. Ratios & Formula 16/19
  17. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 17
    2015 Q1 M&A Recap Uncertainty of oil price outlook creates disconnect between buyers and sellers Global Upstream M&A Transaction Value Global Upstream M&A Deal Count million of Transactions 80,000 80 74 BG- Shell 70,000 70 2Q15…
  18. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 18
    Financial Performance : Income Statement Improved EBITDA Margin 2013 2014 Q4 14 Q1 15 Q1 14 Sales Revenue* (MMUSD) 7,323 7,634 1,845 1,470 1,813 EBITDA (MMUSD) 5,168 5,295 1,209 1,084 1,268 Net Profit (MMUSD) 1,847 677 (739) 264 380…
  19. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 19
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings : BBB+ (S&P) , Baa1 (Moodys) , AAA (TRIS) 2013 2014 Q4 14 Q1 15 Q1 14 Total Assets (MMUSD) 21,572 23,287 23,287 23,353 22,086 - Cash &…
  20. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 20
    Project Information 1/4 Production Phase: Thailand and JDA Project Status* PTTEPs Partners Q1 2015 Average Sales Volume ** 2015 Key Activities Share (as of Q1 2015) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP 80%…
  21. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 21
    Project Information 2/4 Production Phase: Overseas Project Status* PTTEPs Share Partners Q1 2015 Average Sales Volume ** 2015 Key Activities (as of Q1 2015) Gas Oil and Other Production Phase Overseas 16 Oman 44 OP 100% 23 MMSCFD -…
  22. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 22
    Project Information 3/4 Development & Exploration Phase Project Status* PTTEPs Partners 2015 Key Activities Share (as of Q1 2015) Development Phase : Overseas 24 Algeria 433a & JOC 35% PetroVietnam 40% Continue Engineering,…
  23. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 23
    Project Information 4/4 Exploration Phase Project Status* PTTEPs Partners 2015 Key Activities Share (as of Q1 2015) Exploration Phase (cont) Overseas (cont) 30 Indonesia OP 34% Talisman 33% G&G studies South Mandar TOTAL 33% 31…
  24. Q1 2015 OPPORTUNITY DAY – PTTEP – slide 24
    Organizational Structure Ensuring Transparency, Integrity, and Good Corporate Governance practices Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…

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