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Q3 2014 EARNINGS CALL – PTTEP

PTTEP · Oct 30, 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. Q3 2014 EARNINGS CALL – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Q3 2014 Financial Results Conference Call October 30 ,2014 Passion to Explore for a Sustainable Future
  2. Q3 2014 EARNINGS CALL – PTTEP – slide 2
    Summary of Q3 2014 Financial Results Lower net income mainly from higher exploration expenses Unit : MMUS Statements of Income Q2 14 Q3 14 % QoQ Q3 13 % YoY 9M 14 9M 13 % YTD Total Revenues 2,107 2,093 (1) 1,840 14 5,991 5,544 8…
  3. Q3 2014 EARNINGS CALL – PTTEP – slide 3
    PTTEP Sales Volume and Average Product Price Sale volume growth offset by lower prices Sales Volume Liquid BOED Gas 315,810 325,248 313,324 300,000 286,578 290,240 107,791 103,937 Q3 2014 104,147 98,632 100,848 Volume Mix…
  4. Q3 2014 EARNINGS CALL – PTTEP – slide 4
    Operating Performance Lower Lifting cost mainly from lower maintenance cost & higher volume Cash Cost Unit Cost /BOE 50 43.42 44.01 * 42.22 (US/BOE) Q2 14 Q3 14 Q3 13 9M 14 9M 13 40 35.72 34.22 30 Lifting Cost 5.83 5.20 5.05…
  5. Q3 2014 EARNINGS CALL – PTTEP – slide 5
    PTTEP Earnings : Q2 2014 VS Q3 2014 Net Income decreased mainly from higher exploration expenses 800 700 + 97 + 32 - 60 - 48 600 - 42 560 - 33 - 29 500 477 MMUS 400 300 200 Net Income decreased by 15% (- 83…
  6. Q3 2014 EARNINGS CALL – PTTEP – slide 6
    Financial Performance : Income Statement EBITDA margin maintains at level of 70% Q2 14 Q3 14 Q3 13 9M 14 9M 13 Sales Revenue* (MMUS) 1,980 1,996 1,814 5,789 5,469 EBITDA (MMUS) 1,409 1,409 1,280 4,086 3,944 Net Profit (MMUS) 560…
  7. Q3 2014 EARNINGS CALL – PTTEP – slide 7
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings: BBB+ (S&P), Baa1 (Moodys) , AAA (TRIS) Q2 14 Q3 14 Q3 13 9M 14 9M 13 Total Assets (MMUS) 22,877 23,015 20,828 23,015 20,828 -…
  8. Q3 2014 EARNINGS CALL – PTTEP – slide 8
    Cash Flows: Jan Sep 2014 Maintain healthy cash flow from operations Unit : MMUS Operating 3,183 CAPEX & Investment (2,336) Income before tax & 4,295 CAPEX (PP&E, Intangible asset) (1,863) non-cash adjustment Acquiring Hess…
  9. Q3 2014 EARNINGS CALL – PTTEP – slide 9
    Key Takeaway : Q3 2014 Results Slightly weaker core earnings but cash flow margins intact Unit : MMUS Statements of Income Q2 14 Q3 14 % QoQ Q3 13 % YoY 9M 14 9M 13 % YTD Recurring Net Income 537 426 (21) 600 (29) 1,355 1,720…
  10. Q3 2014 EARNINGS 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 11/13
  11. Q3 2014 EARNINGS CALL – PTTEP – slide 11
    Supplementary PTTEP Earnings : Q3 2014 & Q3 2013 Net Income decreased by 16% YoY driven by higher DD&A and exploration expenses 1,000 900 + 40 - 256 + 81 800 + 183 700 - 78 MMUS 600 566 - 37 - 22 477 500 400 300…

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