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2013 EARNINGS CALL – PTTEP

PTTEP · Jan 30, 2014 · 12 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. 2013 EARNINGS CALL – PTTEP – slide 1
    Passion to Explore for a Sustainable Future PTT Exploration and Production Plc. 2013 Financial Results Conference Call January 30, 2014
  2. 2013 EARNINGS CALL – PTTEP – slide 2
    Summary of 2013 Financial Results Unit : MMUS Statements of Income 2013 2012 % Q3 13 Q4 13 Q4 12 % QoQ % YoY Sales 7,172 6,689 7 1,776 1,816 1,842 2 (1) Others 273 332 (18) 64 88 112 38 (21) Total Revenues 7,445 7,021 6 1,840 1,904…
  3. 2013 EARNINGS CALL – PTTEP – slide 3
    PTTEP Sales Volume and Average Product Price 6 % sale volume growth in 2013 while maintaining strong gas price Sales Volume Liquid BOED Gas 292,629 299,716 294,233 300,000 286,578 275,923 100,831 100,778 100,364 92,609 98,632…
  4. 2013 EARNINGS CALL – PTTEP – slide 4
    Operating Performance Slightly higher cost from Montara Cash Cost Unit Cost /BOE (US/BOE) 2013 2012 Q3 13 Q4 13 Q4 12 40 38.15 33.94 32.22 34.09 34.13 30 Lifting Cost 4.88 4.28 5.05 5.26 4.86 20 14.95 15.68 14.47 14.78…
  5. 2013 EARNINGS CALL – PTTEP – slide 5
    PTTEP Earnings : 2013 VS 2012 3,000 + 204 - 263 2,500 + 483 - 161 - 121 - 76 2,000 1,846 - 66 1,846 MMUS 1,500 1,000 Net Income increased by < 1% 500 0.12 MMUS 0 2012 Sale Provision for DD&A Income tax exp.…
  6. 2013 EARNINGS CALL – PTTEP – slide 6
    Financial Performance : Income Statement EBITDA margin maintains at level of 70% 2013 2012 Q3 13 Q4 13 Q4 12 Sales Revenue* (MMUS) 7,323 6,840 1,814 1,853 1,879 EBITDA (MMUS) 5,167 4,816 1,280 1,223 1,268 Net Profit (MMUS) 1,846…
  7. 2013 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) 2013 2012 Q3 13 Q4 13 Q4 12 Total Assets (MMUS) 21,572 19,637 20,828 21,572 19,637 - Cash &…
  8. 2013 EARNINGS CALL – PTTEP – slide 8
    Cash Flows: Jan - Dec 2013 Unit : MMUS Operating 3,675 CAPEX & Investment (2,906) Income before tax & 5,285 CAPEX (PP&E, (2,666) non-cash adjustment Intangible asset) Tax payment Changes in assets/ (1,334) (276) + Acquiring…
  9. 2013 EARNINGS CALL – PTTEP – slide 9
    Dividend PTTEPs Policy : payout ratio at least 30% of net income Dividend Payment History 1H 2H Payout Ratio THB per Payout share Ratio 10.00 50% 40% 40% 40% 40% 38% 5.80 6.00 5.40 5.03 5.00 25% 3.00 3.00 2.48 2.79…
  10. 2013 EARNINGS CALL – PTTEP – slide 10
    Proved Reserves By Product 2013 By Geography MMBOE 1,000 969 901 846 800 28% 29 % 30 % 600 Overseas 47% Domestic 53% 400 72 % 71 % 70 % 200 0 2011 2012 2013 Gas Liquid 2011 2012 2013 Reserves Replacement…
  11. 2013 EARNINGS CALL – PTTEP – slide 11
    Key Takeaway : 2013 Results Continue to achieve solid core operating performance Statements of Income 2013 2012 % Q3 13 Q4 13 Q4 12 % QoQ % YoY Recurring Net Income 2,114 1,999 6 600 393 494 (35) (20) Non recurring (268) (153) (75)…
  12. 2013 EARNINGS CALL – PTTEP – slide 12
    Content ceiling cut-off Q&A Content width cut-off Content width cut-off 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

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