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Q2 2014 EARNINGS CALL – PTTEP

PTTEP · Jul 24, 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. Q2 2014 EARNINGS CALL – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Q2 2014 Financial Results Conference Call July 24, 2014 Passion to Explore for a Sustainable Future
  2. Q2 2014 EARNINGS CALL – PTTEP – slide 2
    Summary of Q2 2014 Financial Results Significant increase in quarterly net income both QoQ and YoY Unit : MMUS Statements of Income Q1 14 Q2 14 Q2 13 %QoQ %YoY 6M 14 6M 13 %YTD Total Revenues 1,827 2,106 1,851 15 14 3,930 3,716 6…
  3. Q2 2014 EARNINGS CALL – PTTEP – slide 3
    PTTEP Sales Volume and Average Product Price Record volume coupled with higher prices Sales Volume Liquid BOED Gas 298,621 315,810 307,263 300,000 292,721 292,102 107,791 Q2 2014 100,678 104,254 103,301 101,975 Volume Mix…
  4. Q2 2014 EARNINGS CALL – PTTEP – slide 4
    Operating Performance Higher depreciation mainly from Montaras contribution Cash Cost Unit Cost /BOE (US/BOE) Q1 14 Q2 14 Q2 13 6M 14 6M 13 41.37 40 37.35* 39.43* 30.87 31.60 30 Lifting Cost 5.35 5.83 4.69 5.60 4.58…
  5. Q2 2014 EARNINGS CALL – PTTEP – slide 5
    PTTEP Earnings : Q1 2014 vs Q2 2014 Net Income increased by 47% QoQ driven by higher sales 900 + 77 - 119 800 + 104 - 50 700 + 108 - 41 - 38 600 -22 + 161 560 500 380 400 MMUS 300 200 Net Income increased by 47%…
  6. Q2 2014 EARNINGS CALL – PTTEP – slide 6
    Financial Performance : Income Statement EBITDA margin maintains at level of 70% Q1 14 Q2 14 Q2 13 6M 14 6M 13 Sales Revenue* (MMUS) 1,813 1,980 1,820 3,792 3,655 EBITDA (MMUS) 1,268 1,409 1,327 2,677 2,665 Net Profit (MMUS) 380…
  7. Q2 2014 EARNINGS CALL – PTTEP – slide 7
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings: BBB+ (S&P), Q1 14 Q2 14 Q2 13 6M 14 6M 13 Baa1 (Moodys) , AAA (TRIS) Total Assets (MMUS) 22,086 22,877 19,844 22,877 19,844 -…
  8. Q2 2014 EARNINGS CALL – PTTEP – slide 8
    Cash Flows: Jan Jun 2014 Continue maintain healthy operating cash flows Unit : MMUS Operating 1,778 CAPEX & Investment (1,675) Income before tax & 2,814 CAPEX (PP&E, Intangible asset) (1,245) non-cash adjustment Acquiring Hess…
  9. Q2 2014 EARNINGS CALL – PTTEP – slide 9
    Dividend 1H 2014 Consistent and solid dividend payout Dividend Payment History (No Less Than 30% of Net Income) 1H 2H Payout Ratio THB per share 10 50% Payout Ratio 40% 40% 40% 40% 38% 6.00 5.80 5.40 5.03 5 25% 3.00…
  10. Q2 2014 EARNINGS CALL – PTTEP – slide 10
    Key Takeaway : Q2 2014 Results Continue to achieve solid core operating performance Unit : MMUS Statements of Income Q1 14 Q2 14 Q2 13 %QoQ %YoY 6M 14 6M 13 %YTD Recurring Net Income 392 537 534 37 1 929 1,120 (17) Non-recurring…
  11. Q2 2014 EARNINGS CALL – PTTEP – slide 11
    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 11 11/13
  12. Q2 2014 EARNINGS CALL – PTTEP – slide 12
    Supplementary PTTEP Earnings : Q2 2013 & Q2 2014 Net Income increased by 55% YoY driven by lower Income Tax expense 1,200 + 79 - 241 1,000 + 101 + 165 800 - 41 - 36 - 36 - 35 MMUS + 270 -28 560 600 362 400…

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