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Q1 2014 CONFERENCE CALL – PTTEP

PTTEP · Apr 28, 2014 · 11 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 2014 CONFERENCE CALL – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Q1 2014 Financial Results Conference Call April 28, 2014 Passion to Explore for a Sustainable Future
  2. Q1 2014 CONFERENCE CALL – PTTEP – slide 2
    Summary of Q1 2014 Financial Results Higher in net income more than 50% QoQ mainly due to lower FX impact Unit : MMUS Q4 13 Q1 14 Q1 13 % YoY %QoQ Sales 1,816 1,785 1,798 (1) (2) Others 89 42 108 (61) (53) Total Revenues 1,905 1,827…
  3. Q1 2014 CONFERENCE CALL – PTTEP – slide 3
    PTTEP Sales Volume and Average Product Price Strong gas prices negate softening oil price environment Sales Volume Liquid BOED Gas 292,629 299,716 298,621 291,476 300,000 275,923 100,831 100,778 100,678 100,634 92,609 Q1 2014…
  4. Q1 2014 CONFERENCE CALL – PTTEP – slide 4
    Operating Performance Higher operating cost mainly from extra expense of Montaras Development well Cash Cost Unit Cost /BOE (US/BOE) 2013 2012 Q4 13 Q1 14 Q1 13 40 38.15 37.35* 33.94 32.22 32.32 30 Lifting Cost 4.88 4.28 5.26…
  5. Q1 2014 CONFERENCE CALL – PTTEP – slide 5
    PTTEP Earnings : Q4 2013 vs Q1 2014 Higher in net income more than 50% QoQ mainly due to lower impact of FX 600 + 41 - 58 500 + 61 - 39 + 99 - 31 - 21 400 380 + 90 300 238 MMUS 200 100 Net Profit increased by 59%…
  6. Q1 2014 CONFERENCE CALL – PTTEP – slide 6
    Financial Performance : Income Statement EBITDA margin maintains at level of 70% 2013 2012 Q4 13 Q1 14 Q1 13 Sales Revenue* (MMUS) 7,323 6,840 1,853 1,813 1,835 EBITDA (MMUS) 5,167 4,816 1,223 1,268 1,337 Net Profit (MMUS) 1,846…
  7. Q1 2014 CONFERENCE CALL – PTTEP – slide 7
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings: BBB+ (S&P), Baa1 (Moodys), AAA (TRIS) 2013 2012 Q4 13 Q1 14 Q1 13 Total Assets (MMUS) 21,572 19,637 21,572 22,086 20,889 - Cash &…
  8. Q1 2014 CONFERENCE CALL – PTTEP – slide 8
    Cash Flows: Jan Mar 2014 Healthy operating cash flows Unit : MMUS Operating 1,400 CAPEX & Investment Unit : (609) MMUS Profit before tax & 1,239 + non-cash adjustment Tax payment CAPEX (PP&E, Intangible asset) (609) (56)…
  9. Q1 2014 CONFERENCE CALL – PTTEP – slide 9
    Key Takeaway : Q1 2014 Results Continue to achieve solid core operating performance Statements of Income Q4 13 Q1 14 Q1 13 % YoY %QoQ Recurring Net Income 393 392 586 (33) (0.3) Non recurring (155) (12) 94 (100) 92 Net Income…
  10. Q1 2014 CONFERENCE CALL – PTTEP – slide 10
    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 10 10/12
  11. Q1 2014 CONFERENCE CALL – PTTEP – slide 11
    Supplementary PTTEP Earnings : Q1 2013 vs Q1 2014 Lower net income by 44% YoY mainly due to Montara related expenses and lower gain from non recurring items (deferred tax on functional currency & gain on FX) 800 + 21 - 109 680…

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