PTT Exploration and Production Public Company Limited J.P. Morgans Thailand CEO-CFO Conference January 29, 2016
Company Overview Company Overview Financial Results Outlook 022/ 19
Thailands Energy Supply Chain PTTEP contributes almost 1/3 of Thailands Petroleum Production Midstream and Energy Demand and Sources Thailand Petroleum Production 9M15 Downstream Value 47% Crude Oil & % by Petroleum Type and Area…
Diversified International Portfolio Worldwide operations: 39 projects* in 11 countries Thailand Oil sands PTTEPs core production base 74% of total sales volume 30% of Thailands total gas supply Key producing assets include…
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…
Financial Results Company Overview Financial Results Outlook 066/ 19
PTTEP Sales Volume & Average Selling Price Sales volume increased per 3% target; while ASP decreased from lowered oil prices Sales Volume BOED 336,363 335,595 312,569 322,167 320,795 300,000 26,539 21,702 17,548 26,422 31,283 Rest of…
Cash Flow Performance Robust liquidity to fund CAPEX, interest and dividend Cash Flow Performance Source & Use of Funds in 9M 2015 MMUSD KBOED MMUSD Sales Volume (RHS) 5,000 600 5,000 4,330 4,000 500 4,000 3,534 ** 3,000 2,864 400…
Financial Position Healthy balance sheet with low gearing ratio MMUSD Capital Structure D/E Ratio 25,000 23,271 1.00 21,561 19,642 20,000 6,494 0.80 5,819 5,309 15,000 4,229 0.60 4,023 3,005 10,000 0.40 0.34 0.34 0.27 5,000…
Dividends Demonstrate our dividend commitment to shareholder 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 3.00* 2.00 2.00 2.61 2.80…
Outlook Company Overview Financial Results Outlook 1212/ 19
Progressing with Near-term Priorities Solid performances achieved on both operational and financial fronts 2015 PRIORITIES PROGRESS Deliver sales volume growth Achieved 3% growth as planned as planned Focus on cost optimization and…
Continuous Cost Management Since Oil Price Fall Dubai Crude Price US / Barrel 120 Quick Win 100 Cost Reduction (0.3Bn) 2015 Original Plan CAPEX 3.1Bn 2015 Revised Plan 80 OPEX 1.8Bn CAPEX 2.6Bn OPEX 1.6Bn 2015 CF CAPEX 2.2Bn…
Revision to Annual CAPEX and OPEX Budget OPEX Budget Revision CAPEX Budget Revision Million US Million US 2,000 3,500 1,761 1,761 3,071 3,071 1,605 1,605 3,000 1,500 1,395 1,313 1,353 2,554 2,554 1,353 2,500 2,100 2,184…
5-Year Sales Volume Stable volume outlook with new project start-up expected in 2020 Unit : KBOED 400 322 323 320 312 286 292 300 Rest of World Other SEA 200 Thailand & 100 MTJDA 0 2015 2016 2017 2018 2019 2020 Algeria Bir…
5-Year CAPEX Breakdown Approximately two-third of CAPEX used to maintain output from producing projects Unit : MMUSD 2016 - 2020 3,000 Other regions 2.4 Bn 2,726 2,673 Other SEA 2.0 Bn 2,401 Thailand 6.7 Bn 2,100 2,090 TOTAL 11.1…
Strong Cash Operating Margin to Support Investment Plan Strong Cash Margin to Support Investment Unit : USD / BOE Actual : 2015 Forecast : 2016 Investment plan supported by Dubai 51/BBL Dubai 3054 /BBL strong operating cash margin…
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…
Supplementary Index 1. Sustainable Development 2. Thailand Energy Updates 3. Shareholding Structure 4. Organization Structure 5. Key Project Highlights by Region 6. Progress on Key Projects 7. Investment Plan (CAPEX and OPEX) 8.…
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…
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…
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…
Organizational Structure Ensuring Transparency, Integrity, and Good Corporate Governance practices Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…
Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots natural gas sales volume of 905 MMSCFD (2015) represents approximately 22% of Thailands natural gas supply Bongkot South S1…
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 Operate Zawtika project, brought online in August…
Southeast Asia : Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 31.3 KBPD in 2015 Commissioned production platform in the H5 area to…
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…
America : Canada Oil Sands Flexibility to pursue long-term investment from the oil sands project Project Overview Mariana Oil Sands Project Operates 100% interest of the Thornbury, Hangingstone and Hangingstone South Leismer (THSL)…
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,…
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…
Investment Plan (CAPEX and OPEX) Leaner CAPEX and OPEX program achieved through SAVE to be SAFE initiative Unit : MMUSD 2016 - 2020 5,000 OPEX 6.7 Bn CAPEX 11.1 Bn 4,176 3,981 4,000 TOTAL 17.8 Bn 3,413 3,443 3,627 1,450 1,308…
FY 2015 Net Income Breakdown Net income primarily hurt by impairment loss Net Income Comparison Net Income FY 2015 MMUSD MMUSD 2,000 1,000 1,538 132 (319) 1,600 718 1,200 600 (1,385) 800 677 718 400 200 0 FY 2014 FY 2015…
Loading...
