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Non deal Roadshow – PTTEP

PTTEP · Feb 29, 2016 · 36 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. Non deal Roadshow – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Non-deal Roadshow Edinburgh London, United Kingdom 29 February 3 March 2016
  2. Non deal Roadshow – PTTEP – slide 2
    Company & Financial Highlights Strategy & Outlook Highlights Strategies 2 Key Takeaways Supplement
  3. Non deal Roadshow – PTTEP – slide 3
    PTTEP: the E&P company of PTT Group Contributes almost 1/3 of Thailands petroleum production E&P Company of PTT Group Plays a pivotal role in Thailands oil and gas production 3 Government of Thailands Oil and Gas Domestic…
  4. Non deal Roadshow – PTTEP – slide 4
    Core assets in Thailand and Southeast Asia Investment portfolio with competitive cost profile and reliable operations PTTEPs oil and gas operations in SEA is uniquely positioned The largest oil and gas producers in Thailand and…
  5. Non deal Roadshow – PTTEP – slide 5
    Sales Volume & Unit Costs Continuing sales volume growth and improved unit cost performance Sales Volume and Price Unit Cost BOED 312,569 322,167 50.00 /BOE 284,660 21,702 43.45* 300,000 26,539 40.00 38.88 17,559 46,460 60,672…
  6. Non deal Roadshow – PTTEP – slide 6
    Solid financial position supported by low-cost core assets 2016 free cash flow positive at below 40 /bbl oil price Demonstrate financial strength in 2015 with expected strong liquidity in 2016 2.9 billion USD Operating cash flow…
  7. Non deal Roadshow – PTTEP – slide 7
    Company & Financial Highlights Strategy & Outlook Highlights Strategies 7 Key Takeaways Supplement
  8. Non deal Roadshow – PTTEP – slide 8
    Redefining the Way Forward 2016 2016 and beyond RESET to Survive in the Low Oil REFOCUS to Capitalize on the Price Environment Upturn Focus on cost reduction and efficiency Assess and prioritize options for new improvement…
  9. Non deal Roadshow – PTTEP – slide 9
    RESET to Survive in the Low Oil Price Environment Primary focus on cost reduction and maintain reliable operations 2016 2016 and beyond Maintain Sales Volume Lower Expenditures Bring Down Unit Cost Unit : KBOED SEA RoW Unit : bn USD…
  10. Non deal Roadshow – PTTEP – slide 10
    Cost Reduction Through Core Operations Focus on improving process efficiencies and capitalizing on cost deflation Cost Improvements Across Operations Wellhead Platform Cost* Average Cost Per Well** OPEX and G&A Cost Per BOE 2014…
  11. Non deal Roadshow – PTTEP – slide 11
    REFOCUS to Capitalize on the Upturn Through pre-development candidates and portfolio rationalization 2016 2016 and beyond Convert 2C resources Advancing with medium-term value contributors in portfolio Unit : bn BOE Development…
  12. Non deal Roadshow – PTTEP – slide 12
    PTTEPs Positioning Uniquely positioned E&P company a +90% of sales volume based in growing SE Asia oil and gas market a Stable revenues from PTT for +80% of sales volume a Strong ties with PTT / Thailand through direct / indirect…
  13. Non deal Roadshow – PTTEP – slide 13
    Thank you and Q&A You can reach the Investor Relations team for more information and inquiry through the following channels: http://www.pttep.com IRpttep.com +66 2 537 4000 Highlights Strategies 13 Key Takeaways Supplement
  14. Non deal Roadshow – PTTEP – slide 14
    Supplementary Information FY2015 Financial Results 15-18 Five-Year Investment Plan 19-21 Sustainable Development 22 Reserves and resources 23 Thailand Energy Updates 24 Key Project Highlights by Region 25-31 Project…
  15. Non deal Roadshow – PTTEP – slide 15
    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…
  16. Non deal Roadshow – PTTEP – slide 16
    Cash Flow Performance Robust liquidity to fund CAPEX and debt service Cash Flow Performance Source & Use of Funds in FY 2015 MMUSD % MMUSD EBITDA Margin (RHS) 5,000 100 5,000 4,330 4,000 3,675 90 4,000 3,534** 3,000 2,864 80…
  17. Non deal Roadshow – PTTEP – slide 17
    Financial Position Healthy balance sheet with low gearing ratio and 3.3bn cash on hand MMUSD Capital Structure D/E Ratio 25,000 23,271 1.00 21,561 19,642 20,000 5,819 6,494 0.80 5,309 15,000 4,229 0.60 4,023 3,005 10,000 0.40…
  18. Non deal Roadshow – PTTEP – slide 18
    Dividends Demonstrating our dividend commitment to shareholders 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…
  19. Non deal Roadshow – PTTEP – slide 19
    Sales Volume Guidance 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…
  20. Non deal Roadshow – PTTEP – slide 20
    Investment Plan (CAPEX and OPEX) Leaner CAPEX and OPEX program achieved through SAVE to be SAFE initiative Unit : MMUSD Flexibility to lower investment from the announced plan 5,000 2016 - 2020 4,176 OPEX 6.7 Bn 4,000 3,981 CAPEX…
  21. Non deal Roadshow – PTTEP – slide 21
    CAPEX Breakdown Approx. two-thirds of CAPEX to maintain output from producing projects Flexibility to lower CAPEX from the announced plan Unit : MMUSD 2016 - 2020 3,000 2,726 2,673 Other regions 2.4 Bn 2,401 Other SEA 2.0 Bn…
  22. Non deal Roadshow – PTTEP – slide 22
    Sustainable Development Pursue long-term growth with social and environmental wellness 2015 DJSI Listed Company Advance Level Certification Dow Jones Sustainability World Index United Nations Global Compact Oil & Gas Sector…
  23. Non deal Roadshow – PTTEP – slide 23
    Reserves and Resources Growing resources base to support future reserves addition Reserves / 2015 by Geography MMBOE Resource Life* Domestic International 6,000 5,039 4,864 5,039 37 Years 5,000 4,406 75% 4,000 1,195 738 3,000…
  24. Non deal Roadshow – PTTEP – slide 24
    Thailand Updates Continuing growth in gas demand whilst stagnant economy depreciated Baht Thailands Natural Gas Supply by Source Domestic LNG Demand Projection MMTPA 25 FY 2015 Domestic Myanmar LNG 2015 20 FY 15 2014 2014…
  25. Non deal Roadshow – PTTEP – slide 25
    Diversified International Portfolio Worldwide operations: 38 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…
  26. Non deal Roadshow – PTTEP – slide 26
    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…
  27. Non deal Roadshow – PTTEP – slide 27
    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…
  28. Non deal Roadshow – PTTEP – slide 28
    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…
  29. Non deal Roadshow – PTTEP – slide 29
    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…
  30. Non deal Roadshow – PTTEP – slide 30
    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…
  31. Non deal Roadshow – PTTEP – slide 31
    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,…
  32. Non deal Roadshow – PTTEP – slide 32
    Project Information 1/4 Production phase: Thailand and JDA Project Status* PTTEPs Partners 2015 Average Sales Volume ** 2016 Key Activities Share (as of 2015) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP 80%…
  33. Non deal Roadshow – PTTEP – slide 33
    Project Information 2/4 Production phase: Overseas Project Status* PTTEPs Partners 2015 Average Sales Volume ** 2016 Key Activities Share (as of 2015) Gas Oil and Other Production Phase Overseas 16 Oman 44 OP 100% 22 MMSCFD…
  34. Non deal Roadshow – PTTEP – slide 34
    Project Information 3/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of 2015) Exploration Phase Thailand and JDA 25 G9/43 OP 100% Acquire 3D seismic Drill Exploration / Appraisal wells Overseas 26…
  35. Non deal Roadshow – PTTEP – slide 35
    Project Information 4/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of 2015) Exploration Phase Overseas (Contd) 34 Myanmar MD 7 OP 100% and MD 8 35 Mariana Oil OP 100% Assess development approach…
  36. Non deal Roadshow – PTTEP – slide 36
    Organization Structure Ensuring transparency, integrity and good corporate governance Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management Committee…

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