PTT Exploration and Production Public Company Limited Thailand Major Forum Thanachart Securities Public Co. Ltd. October 10, 2014
Agenda Company Overview Thai Energy Reform on PTTEP Growth Strategy 3 3 / 18
PTTEP as a Thai National Oil & Gas Company Serve national agenda whilst meet the interests of all stakeholders PTTEP is E&P flagship for PTT Group and Thailand Secure reliable supply crude oil & NG to Thailand Grow reserves &…
Leading Regional Exploration and Production Company Largest publicly-listed E&P company in Southeast Asia (SEA) PTTEP is the 23nd rd largest company on is a subsidiary of PTT Public Company the Stock Exchange of Thailand (SET)…
Internationally Diversified and Balanced Portfolio Worldwide operations: 45 projects* in 11 countries Oil Sands Southeast Asia (16) 6 Production 10 Exploration North America (1) Vietnam 1 Exploration Indonesia Thailand (18)…
Strong Operational and Financial Capabilities Consistently solid growth, EBITDA margin and dividend payout Solid growth track record One of the industrys low-cost operators Sales Volume (KBOED) 2013 Operating Expense (USD /…
Agenda Company Overview Thai Energy Reform on PTTEP Growth Strategy 8 8 / 18
Supporting Thailands Energy Supply Chain Thailand is a net energy importer, and needs to secure energy supply Integration with Energy Demand and Sources Thailand Petroleum Production 2014 Midstream and Downstream Value Chain % by…
Thai Energy Reform : Impact on PTTEP Lingering questions 21st Contract 1-3, 5 Bongkot Renewal of 21st Petroleum expiring concessions Bidding Round B5 B6 OCA B7 Production Sharing B8 Contracts B9 Concessions B10…
Thailands Energy Supply at Risk Steps to be done to minimize burden of LNG imports Million Cubic Feet per Day 1000 BTU/SCF 8,000 7,000 Gas Demand 6,000 LNG Imports 5,000 4,000 Myanmar Potential in SEA 3,000…
Expiring Concessions in 2022 - 2023 Final decision required at least 5 years prior to concession expiry Contract I,II,III,V Contract I Chevron* 80%, MOECO 20% Contract II Chevron* 70%, MOECO 30% Contract III Chevron* 71.25%,…
Fiscal Regime : Concession vs. PSC Balancing the appropriate government take with the countrys petroleum potential 100% Royalty System Venezuela Production Sharing Contract (PSC) Service Contract Government Take (% of Revenue)…
Agenda Company Overview Thai Energy Reform on PTTEP Growth Strategy 14 14 / 18
PTTEP Three-Pronged Strategy Balanced approach to become a BIG, LONG and STRONG E&P company VISION Become a leading Asian E&P company through technology and green practices BIG Production target of 600 KBOED by 2020 LONG…
Reserves and Resources Base Large resources base to support sustainable growth LONG Reserves / 2013 by Geography MMBOE Resource Life* Domestic International 5,000 4,406 4,406 37 Years 3,986 4,000 74% 3,217 1,706 3,000 2,700…
Target Production at 600 KBOED by 2020 BIG Clear visibility on growth strategy through international growth and opportunistic M&A Production Volume (KBOED) 600 Evaluate New Exploration and M&A Potentials Discovered Prospects :…
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 19
Supplementary Index 1. Details to 1H 2014 Financial Performance 2. Thailands Energy Outlook 3. Relationship with PTT Plc 4. Overview of PTTEPs Key Focus Areas 5. PTTEP Project Information 6. PTTEP Management Team 7. 2013…
Sales Volume, Price and Unit Cost Record volume coupled with higher prices Sales Volume and Price Unit Cost Liquid Gas Cash Cost Unit Cost BOED /BOE 292,629 307,263 40 39.43 C 300,000 275,923 32.22 33.94 104,254 92,609 100,831…
1H 2014 Financial Position Healthy capital structure with low gearing and cost of debt Capital Structure D/E Ratio MMUSD 25,000 1.00 22,877 21,572 20,000 19,637 5,352 0.80 5,830 5,153 15,000 4,274 0.60 4,023 3,773 10,000…
Thailands Energy Outlook Natural gas energy for the future KBOED Energy Consumption Gas Consumption 2,800 MMSCFD Nuclear 1000 BTU 1% Hydro 2,400 5,500 2014 0% 4% Coal & Lignite 5,000 2,000 2.3 % 19% 2012 15.6 % 4,500 1,600…
Strong Relationship with Majority Shareholder Leveraged and supported by PTT and the Thai Government Ownership Structure1 PTTEP is the flagship oil & gas exploration and production arm of PTT, and is critical to the Thai Economy…
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 Average natural gas…
Southeast Asia: Myanmar A significant contributor to growth, with high potential blocks Zawtika (80% interest) Began delivering gas to Myanmar in March 2014, and to Thailand in August 2014 Currently delivering at full DCQ of 300…
Southeast Asia: Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 35.7 KBPD in 1H 2014 Successful drilling of an appraisal well in…
East Africa: Mozambique A region positioned for the Asia LNG Market Area 1 (8.5% interest) Advancing towards 50 MMTPA Abundant resource based estimated at 50 to 70+ TCF of recoverable natural gas Reserve certification sufficient…
Australia Ensuring smooth Montara production ramp-up and Cash/Maple development Montara (100% interest) First production began in June 2013 through the Montara Venture FSPO Currently producing from 8/9 wells at an average rate…
Canada Mariana Oil Sands Flexibility to pursue strategic direction in the long-term growth project The Asset Swap On 28 May 2014, the conditions precedent to closing, prescribed in the Partnership Unit Redemption Agreement (PURA),…
Brazil Deepwater Early entry into high petroleum prospects as a platform for new exploration play Barreirinhas AP1 Farm-in 25% from BG Group Operated by BG Group (75% interest) Investment into four offshore blocks Barreirinhas…
PTTEP Projects Information (1 / 4) Project PTTEPs Partners 1H 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Thailand and JDA 1 Arthit 80% Chevron 16% 217 MMSCFD - Ensure gas deliverability…
PTTEP Projects Information (2 / 4) Project PTTEPs Partners 1H 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Overseas 15 Oman 44 100% 27 MMSCFD - Drill Exploration / Appraisal wells…
PTTEP Projects Information (3 / 4) Project PTTEPs Partners 2014 Key Activities Share Development Phase : Thailand and JDA 23 L22/43 100% Drill 3 Exploration wells Fabrication and installation of Wellhead production facility Overseas…
PTTEP Projects Information (4 / 4) Project PTTEPs Partners 2014 Key Activities Share Exploration Phase (cont) Overseas (cont) 32 Indonesia South 34% Talisman 33% Negotiation with Total (Operatorship transfer & Carry cost) Mandar TOTAL…
PTTEP Management Team Extensive experience and widely recognized in the petroleum industry Tevin VongvanichDirector, President & Chief Executive Officer Experience: CFO, PTT PCL; Director, PTT Aromatics and Refining PCL, PTT Chemical…
Dedication to 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…
Corporate Social Responsibility Committed to Sustainable Development through Environmental Conservation and Community Development everywhere we operate Canada Myanmar LEGEND Oman Cultural Heritage Preservation 5 Sites;…
Human Rights Emphasis on the well-being of employees, partners and customers PTTEP Is responsible for labor rights in any operational area, strictly prohibiting child labor and forced labor Makes fair employment and fosters safe…
Corporate Structure Board of Directors and committees to ensure transparency and integrity Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…
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