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December 2015 Investor Presentation – PTTEP

PTTEP · Dec 2, 2015 · 35 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. December 2015 Investor Presentation – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Thailand Focus 2015 2 December 2015
  2. December 2015 Investor Presentation – PTTEP – slide 2
    Company Overview Company Overview Financial Results Outlook 2 / 16
  3. December 2015 Investor Presentation – PTTEP – slide 3
    Thailands Energy Value Chain PTTEP contributes almost 1/3 of Thailands petroleum production Integration with Midstream and Energy Demand and Sources Thailand Petroleum Production 2014 Downstream Value 50% Crude Oil & % by Petroleum…
  4. December 2015 Investor Presentation – PTTEP – slide 4
    Diversified International Portfolio Worldwide operations: 39 projects* in 11 countries Thailand Oil sands PTTEPs core production base 73% of total sales volume 29% of Thailands total gas supply Key producing assets include…
  5. December 2015 Investor Presentation – PTTEP – slide 5
    Reserves and Resources Target resource turnaround in the near future Reserves / 2014 by Geography MMBOE Resource Life* Domestic International 6,000 4,864 5,000 4,864 37 Years 4,406 75% 3,986 4,000 3,588 1,276 777 35% 3,000…
  6. December 2015 Investor Presentation – PTTEP – slide 6
    Financial Results Company Overview Financial Results Outlook 6 / 16
  7. December 2015 Investor Presentation – PTTEP – slide 7
    Sales Volume & Unit Costs Continuing sales volume growth and improved unit cost performance Sales Volume and Price Unit Cost BOED 321,886 328,312 50 /BOE C 292,629 20,111 43.60 300,000 26,539 40.20 17,559 68,113 40 35.82 37,239…
  8. December 2015 Investor Presentation – PTTEP – slide 8
    Cash Flow Performance Robust liquidity to fund CAPEX and debt service Cash Flow Performance Source & Use of Funds in 9M 2015 MMUSD KBOED MMUSD Sales Volume (RHS) 5,000 500 5,000 4,330 4,000 3,675 4,000 400 3,000 322 328 3,000…
  9. December 2015 Investor Presentation – PTTEP – slide 9
    Financial Position Healthy balance sheet with low gearing ratio MMUSD Capital Structure D/E Ratio 25,000 23,287 1.00 21,572 20,150 20,000 6,510 0.80 5,830 5,670 15,000 4,229 0.60 4,023 3,277 10,000 0.40 0.34 0.34 0.29 5,000…
  10. December 2015 Investor Presentation – PTTEP – slide 10
    Dividends Dividend Payment History ( Policy : No Less Than 30% of Net Income) 1H 2H THB per share 5.80 6.00 6.00 5.40 4.50 3.00 3.00 4.00 2.79 1.50 2.00 2.61 2.80 3.00 3.00 1.00 0.00 2011 2012 2013 2014 2015 Payout Ratio…
  11. December 2015 Investor Presentation – PTTEP – slide 11
    Outlook Company Overview Financial Results Outlook 11 / 16
  12. December 2015 Investor Presentation – PTTEP – slide 12
    Progressing with Near-term Priorities Solid performances achieved on both operational and financial fronts PRIORITIES PROGRESS Deliver sales volume growth On track for 3% growth guidance as planned Focus on cost optimization and…
  13. December 2015 Investor Presentation – PTTEP – slide 13
    Improved cost performance: CAPEX Heading towards leaner, more cost conscious and efficient operations 2015 CAPEX reduction to exceed plan Improved drilling performance in GoT Unit : MMUSD target 500 remove & reschedule reduce…
  14. December 2015 Investor Presentation – PTTEP – slide 14
    Improved cost performance: cash cost Prudent and disciplined cost reduction measures to both OPEX and G&A Operating Expenses (/BOE) G&A Expenses (/BOE) 10-15% 6.95 Reduction 6.18 20-25% 3.17 3.10 Reduction 2013 2013 2014…
  15. December 2015 Investor Presentation – PTTEP – slide 15
    Progress continues to be made on key projects Bir Seba: PTTEP First Production in Africa Algeria Bir Seba Contract 4 (Ubon) Mozambique Area 1 35% interest, jointly operated with 60% interest (operated by Chevron) 8.5% interest…
  16. December 2015 Investor Presentation – PTTEP – slide 16
    Thank You and 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…
  17. December 2015 Investor Presentation – PTTEP – slide 17
    Supplementary Index 1. Sustainable Development 2. Thailand Energy Updates 3. Shareholding Structure 4. Organization Structure 5. Key Project Highlights by Region 6. Project Details 7. Investment Plan and Sales Volume Guidance 8.…
  18. December 2015 Investor Presentation – PTTEP – slide 18
    Sustainable Development Pursuing long-term growth hand-in-hand with social and environmental well-being 2015 DJSI Listed Company Certified Member Dow Jones Sustainability World Index Thailand's Private Sector Collective Action Oil…
  19. December 2015 Investor Presentation – PTTEP – slide 19
    Thailand Energy Updates Gas demand continues to grow, and upstream energy reform makes progress Thailand Gas Demand Thai Upstream Energy Reform Monthly Gas Consumption by Year 21st Bidding Round MMSCFD 2013 2014 2015 Bidding round…
  20. December 2015 Investor Presentation – PTTEP – slide 20
    Integral support from major shareholder PTTEP leverages its relationships with PTT Plc. and the Thai Government Ownership Structure Oil & Gas exploration and production Flagship of PTT Government of Thailand PTTEP supplies more than…
  21. December 2015 Investor Presentation – PTTEP – slide 21
    Organizational Structure Ensuring Transparency, Integrity, and Good Corporate Governance practices Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…
  22. December 2015 Investor Presentation – PTTEP – slide 22
    Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots natural gas sales volume of 0.9 Bcf/d (9M 2015) represents approximately 20% of Thailands natural gas supply Bongkot South…
  23. December 2015 Investor Presentation – PTTEP – slide 23
    Southeast Asia : Myanmar Significant contribution to growth Participating in three producing gas fields which supply gas to both Thailand and Myanmar: Yadana, Yetagun, Zawtika Myanmar Successful exploration and development of the…
  24. December 2015 Investor Presentation – PTTEP – slide 24
    Southeast Asia : Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 30.4 KBPD in 9M 2015 Commissioned production platform in the H5 area…
  25. December 2015 Investor Presentation – PTTEP – slide 25
    East Africa : Mozambique Potential to become one of the worlds largest emerging LNG supply hubs Substantial recoverable resources of 70+ tcf with scalable offshore development of more than 6 LNG trains Key Milestones to Final…
  26. December 2015 Investor Presentation – PTTEP – slide 26
    America : Canada Oil Sands Flexibility to pursue long-term from the oil sands project Key activities Mariana Oil Sands Project Completed the Winter Delineation Program and continue to assess development potential of the Thornbury…
  27. December 2015 Investor Presentation – PTTEP – slide 27
    America : Brazil Deepwater Entry into high potential petroleum province at exploration phase Barreirinhas AP1 Farm-in 25% from BG Group in 2014 Operated by BG Group (75% interest) Four offshore exploration blocks: BAR-M-215,…
  28. December 2015 Investor Presentation – PTTEP – slide 28
    Project Information 1/4 Production Phase: Thailand and JDA Project Status* PTTEPs Partners 9M 2015 Average Sales Volume ** 2015 Key Activities Share (as of Q3 2015) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP 80%…
  29. December 2015 Investor Presentation – PTTEP – slide 29
    Project Information 2/4 Production Phase: Overseas Project Status* PTTEPs Partners 9M 2015 Average Sales Volume ** 2015 Key Activities Share (as of Q3 2015) Gas Oil and Other Production Phase Overseas 16 Oman 44 OP 100% 21 MMSCFD…
  30. December 2015 Investor Presentation – PTTEP – slide 30
    Project Information 3/4 Development & Exploration Phase Project Status* PTTEPs Partners 2015 Key Activities Share (as of Q3 2015) Development Phase Overseas 24 Algeria 433a & JOC 35% PetroVietnam 40% Continue Engineering, Procurement &…
  31. December 2015 Investor Presentation – PTTEP – slide 31
    Project Information 4/4 Exploration Phase Project Status* PTTEPs Partners 2015 Key Activities Share (as of Q3 2015) Exploration Phase Overseas (Contd) 30 Myanmar M11 OP 100 %** 31 Vietnam B & 8.5% Chevron 42.38% Negotiate a GSA with the…
  32. December 2015 Investor Presentation – PTTEP – slide 32
    Sales Volume Profile Thailand and SE Asia continue to be the strong production base Unit : KBOED 3 % YoY Growth 330 342 337 334 350 322 322 Rest of World 300 Other SEA 250 200 150 Thailand & 100 MTJDA 50 0 2014 2015 2016 2017…
  33. December 2015 Investor Presentation – PTTEP – slide 33
    Investment Plan 2015 investment plan (as announced in Dec 2014) Capex by Region 2015 - 2019 Thailand 9.3 bn USD Southeast Asia 3.3 bn USD Others 3.3 bn USD Unit : MMUSD TOTAL 15.9 bn USD 3,938 3,833 4,000 1,198 3,437 3,109 3,071…
  34. December 2015 Investor Presentation – PTTEP – slide 34
    2015 Budget Revision Groundwork set for both short-term and long-term cost performance improvement 600 MMUSD reduction identified in 2015 Positive cost reduction trend supported by Unit : MMUSD efficiency improvement through…
  35. December 2015 Investor Presentation – PTTEP – slide 35
    9M 2015 Net Income Breakdown Net income primarily hurt by impairment loss Net Income 9M Comparison Net Income 9M 2015 MMUSD MMUSD 1,600 1,600 1,355 1,417 1,200 1,200 800 705 800 705 54 (360) (1,385) 400 400 0 0 9M 2014 9M…

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