PTT Exploration and Production Public Company Limited Q1 2016 Analyst Meeting Bangkok 16 May 2016
Safety Performance Industry Highlights Financial Results Outlook Safety Industry 2 Financial Outlook
Our priority on Safety and Environment Safety Environment Maintain high safety standard Target 20% GHG reduction by 2020 of incidents per million man hours % of GHG emission reduction comparing to 2012 base year figure (Lost time…
Safety Performance Industry Highlights Financial Results Outlook Safety Industry 4 Financial Outlook
Oil prices Oil prices recovered from the 11-year low Brent Dubai Min-Max Brent Analyst Consensus* Q1 2016 Highlights US / Barrel Continued oversupply conditions 120 110 Additional supply from Iran after international sanctions…
Global oil supply: closer look on key supply fundamentals Relatively stable supply outlook as Irans increasing output offset by US production decline US Production Start to see an impact on US crude production Iran Output Irans…
Thailand updates Stable gas demand whilst Thai Baht appreciated Thailands Natural Gas Supply by Source Exchange Rate Movement (THB/USD) 40 40.0 (Highest) 38 2M 2016 Domestic MyanmarLNG 36.37 36.03 36.6 35.13 (Average) 36 34.5…
Safety Performance Industry Highlights Financial Results Outlook Safety Industry 8 Financial Outlook
Sales volume & unit costs Stable sales volume; while cost performance continues to improve Sales Volume and Price Unit Cost 400,000 BOED 50 /BOE 336,363 329,858 315,851 40.09 26,422 27,489 19,807 40 35.18 300,000 Rest of World…
Cash flow performance Healthy liquidity to fund CAPEX and debt service Cash Flow Performance Source & Use of Funds in Q1 2016 MMUSD % MMUSD EBITDA Margin (RHS) 5,000 100 1,000 4,330 818* 4,000 90 800 3,000 2,864 80 600 74 71…
Financial position Strong balance sheet with low gearing ratio and 3.7bn cash on hand MMUSD Capital Structure D/E Ratio 25,000 23,271 1.00 19,642 19,795 20,000 6,494 0.80 5,309 5,491 15,000 4,229 0.60 3,005 3,018 10,000 0.40…
2016 liquidity outlook Robust liquidity maintained through cost management despite continued adjustment in gas price Product price sensitivity to oil price 2016 liquidity outlook Liquid price largely moves in line with crude price…
Safety Performance Industry Highlights Financial Results Outlook Safety Industry 13 Financial Outlook
RESET cost structure to maintain competitiveness On track to achieve cost reduction and sales volume targets RESET REFOCUS RENEW Maintain sales volume 2016 full year guidance Unit : KBOED Maintain 329 322 Full Year Average Gas…
Advancing for longer-term growth RESET REFOCUS RENEW Mozambique Algeria Focus on finalizing To complete Progressing on commercial exploration and pre-development agreements Hassi Bir Rekaiz appraisal program candidates Assess…
Key takeaways On track to achieve stable sales volume Competitive operating performance through better cost structure Ample liquidity with solid cash flow and significant cash on hand Options for long-term growth through…
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 Safety Industry 17 Financial Outlook
Supplementary Information Detailed financial information 19-23 Project details 24-27 Organization structure 28 Ratios and formula 29 Safety Industry 18 Financial Outlook
Summary of Q1 2016 Financial Results Better cost performance leads to healthy core earnings despite the continued fall in oil prices Unit : MMUSD Statement of Income Q4 15 Q1 16 % QoQ Q1 15* % YoY Total Revenues 1,337 1,093 (18)…
PTTEP Sales Volume & Average Selling Price On track to achieve stable sales volume target in 2016 Sales Volume BOED 336,363 329,858 322,167 26,422 315,851 Q1 2016 300,000 21,702 27,489 19,807 Rest of World Sales Volume & 60,672…
Financial Performance : Income Statement Healthy EBITDA margin maintained through improved cost performance Q4 15 Q1 16 Q1 15* Sales Revenue** (MMUSD) 1,236 1,070 1,427 EBITDA (MMUSD) 809 789 1,084 Net Income (MMUSD) 132 157 264…
Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio and 3.7Bn cash on hand Q4 15 Q1 16 Total Assets (MMUSD) 19,642 19,795 - Cash & cash equivalents* (MMUSD) 3,260 3,702 Total Liabilities (MMUSD) 8,314…
Project Information 1/4 Production phase: Thailand and JDA Project Status* PTTEPs Partners Q1 2016 Average Sales Volume ** 2016 Key Activities Share (as of Q1 2016) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP 80%…
Project Information 2/4 Production phase: overseas Project Status* PTTEPs Partners Q1 2016 Average Sales Volume ** 2016 Key Activities Share (as of Q1 2016) Gas Oil and Other Production Phase Overseas 16 Oman 44 OP 100% 23 MMSCFD…
Project Information 3/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of Q1 2016) Exploration Phase Thailand and JDA 25 G9/43 OP 100% Overseas 26 Myanmar M3 OP 80% MOECO 20% Access development…
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…
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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