PTT Exploration and Production Public Company Limited UBS LVMC Conference 2016 2 June 2016
Company & Financial Highlights Strategy & Outlook Highlights Strategies 2 Key Takeaways Supplement
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 Production…
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…
Sales Volume & Unit Costs On track to achieve stable sales volume and improved unit cost performance Sales Volume and Price Unit Cost BOED 400,000 50 /BOE 43.45* 312,569 322,167 329,858 38.88 21,702 27,489 40 300,000 26,539…
Financial highlights and 2016 liquidity outlook Robust liquidity maintained through cost management despite continued adjustment in gas price Product price sensitivity to oil price Financial strength in Q1 2016 Liquid price largely…
Company & Financial Highlights Strategy & Outlook Highlights Strategies 7 Key Takeaways Supplement
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…
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…
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…
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…
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…
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
Supplementary Information Q1 2016 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…
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)…
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…
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…
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…
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…
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…
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…
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…
Thailand Updates Stable gas demand and projected growth in LNG demand Thailands Natural Gas Supply by Source Domestic LNG Demand Projection MMTPA 25 3M 2016 Domestic Myanmar LNG 20 15 FY 2015 Domestic Myanmar LNG 10 FY 2014…
Diversified International Portfolio Worldwide operations: 38 projects* in 11 countries Thailand Oil sands PTTEPs core production base 75% of total sales volume 30% of Thailands total gas supply Key producing assets include…
Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots natural gas sales volume of 901 MMSCFD (Q1 2016) represents approximately 18% of Thailands natural gas supply Average…
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…
Southeast Asia : Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Natuna Sea A Vietnam 16-1 Production / Ramp-up Projects Vietnam 16-1 (28.5% interest) Natuna Sea A (11.5% interest) Average…
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…
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,…
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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