PTT Exploration and Production Public Company Limited UBS LVMC Conference 4 June 2015
Company Overview Company Overview Financial Results Outlook 2/19
Thailands Energy Value Chain PTTEP contributes almost 1/3 of Thailands petroleum production Integration with Energy Demand and Sources Thailand Petroleum Production 2014 Midstream and Downstream Value Chain % by Petroleum Type and…
Diversified International Portfolio Worldwide operations: 42 projects* in 11 countries Oil sands Thailand (17) 15 Production 2 Exploration Australasia (1) Piped Gas 1 Production Australia Deepwater Deepwater Gas Oil LNG…
Reserves and Resources Target resource turnaround in the near future Reserves / 2014 by Geography MMBOE Resource Life* Domestic International 6,000 4,864 5,000 4,864 37 Years 4,406 75% 3,986 4,000 1,276 777 3,000 2,200 2,700…
Financial Results Company Overview Financial Results Outlook 6/19
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…
Cash Flow Performance Robust liquidity to fund CAPEX and Debt Service Cash Flow Performance Source & Use of Funds in Q1 2015 MMUSD KBOED MMUSD Sales Volume 5,000 500 5,000 4,330 4,000 3,675 400 4,000 3,000 300 3,000 2,000 200…
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…
Dividends Dividend Payment History ( Policy : No Less Than 30% of Net Income) 1H 2H THB per share 5.80 6.00 6.00 5.40 5.03 4.50 3.00 3.00 4.00 2.48 2.79 1.50 2.00 2.55 2.61 2.80 3.00 3.00 0.00 2010 2011 2012 2013 2014…
2015 liquidity Strong cash margin from resilient gas price coupled with competitive cash cost Resilient gas price Protected cash margin Unit : USD / BOE Avg. Dubai Assumption % Change in 2015 Dubai Price 97 55 2015 63 2014 -50% -25%…
Outlook Company Overview Financial Results Outlook 12/19
Company Outlook Adaptive to industry fundamental change Near-term priorities : key objectives Deliver 3-6% sales volume growth Focus on cost optimization and investment prioritization Leverage strong balance sheet for value-creating…
SAVE to be SAFE Four levers to manage our capital efficiency 1 2 Efficiency Cost Optimization Production Stabilization Productivity Integrated activity planning Minimize unplanned Contract renegotiation and Operational Excellence…
Investment Plan Target at least 10% reduction from announced 2015 investment plan Capex by Region 2015 - 2019 Thailand 9.3 bn USD Southeast Asia 3.3 bn USD Others 3.3 bn USD Unit : MMUSD TOTAL 15.9 bn USD 3,938 3,833 4,000 1,198…
Sales Volume Profile Thailand and Southeast Asia continue to be the strong production base Unit : KBOED 3-6 343 % YoY Growth 342 350 322 337 334 322 Rest of World 300 Other SEA 250 200 150 Thailand & 100 MTJDA 50 0 2014…
Our investments in LVMC The region is a significant contributor to our portfolio Myanmar LVMC contribution to PTTEP portfolio Myanmar PSC G 2014 2015 (e) & EP2 MOGE Sales volume 49k boed 25% 3 from LVMC growth (70% from Myanmar,…
Key Takeaway Fundamental change in E&P industry U.S. shale output re-shaping balance and dynamics of the oil market Expect market forces to rebalance but the path to price recovery is still uncertain The uncertainty also presents…
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…
Supplementary Index 1. PTTEPs History in LVMC 2. Sustainable Development 3. Thailand Energy Updates 4. Shareholding Structure 5. Organization Structure 6. Key Project Highlights by Region 7. Project Details 8. Ratios & Formula…
Our History in LVMC Establishing growth platform in neighboring countries 1989 2000 2007 2010 2014 First exploration in Myanmar M9 discovery Zawtika GSA signed 1998 2011 Myanmar M3 discovery Yetagun 1st Gas Zawtika 1st Gas…
Sustainable Development Pursuing long-term growth hand-in-hand with social and environmental well-being 2014 DJSI Listed Company Certified Member Dow Jones Sustainability World Index Thailand's Private Sector Collective Action Oil…
Our CSR and Socio-Economic programs in Myanmar Growing with responsibility - Pioneer, Partner, Friend, Family Healt h Healthy Children, Promotion of health and Strong Community hygiene Provision of medical supplies and facilities…
Thailand Energy Updates Gas demand continues to grow, and upstream energy reform makes progress Thai Economy and Gas Demand Upstream Energy Reform Monthly Gas Consumption by Year 21st Bidding Bidding round expected to MMSCFD Round…
Integral support from major shareholder PTTEP leverages its relationships with PTT Plc. and the Thai Government Ownership Structure Oil & Gas exploration and production Flagship of PTT Government of Thailand PTTEP supplies more than…
Organizational Structure Ensuring Transparency, Integrity, and Good Corporate Governance practices Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…
Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots production capacity of close to 1 Bcf/d represents approximately 20% of Thailands natural gas supply Bongkot South S1…
Southeast Asia : Myanmar Significant contribution to growth Participation in three producing gas fields which supply gas Myanmar to both Thailand and Myanmar: Yadana, Yetagun, Zawtika, Successful exploration and development of the…
Southeast Asia : Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 31 KBPD in Q1 2015 Currently in the process to install a production…
East Africa : Mozambique Potential to become one of the worlds largest emerging LNG supply hubs Substantial recoverable resources of 70+ tcf with scalable offshore development of more than 6 LNG trains Key Milestones to Final…
America : Canada Oil Sands Flexibility to pursue long-term from the oil sands project Key activities Mariana Oil Sands Project Completed the Winter Delineation Program and continue to assess development potential of the Thornbury…
America : Brazil Deepwater Entry into high potential petroleum province at exploration phase Barreirinhas AP1 Farm-in 25% from BG Group Operated by BG Group (75% interest) Four offshore exploration blocks: BAR-M-215, Barreirinhas…
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%…
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 -…
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,…
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…
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