PTT Exploration and Production Public Company Limited dbAccess Global Emerging Markets (dbGEMs) Conference 2016 7-8 September 2016
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…
Strategies in response to industry downturn 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…
RESET to survive in the low oil price environment Significant progress on cost reductions with stable sales volume delivered as planned RESET REFOCUS RENEW Maintain Sales Volume Lower Expenditures Bring Down Unit Cost Unit : KBOED…
Cost reduction progress Continuous improvement on both CAPEX and OPEX efficiency Notable improvement in key CAPEX components With increased efficiency in OPEX spending Development Drilling Cost per Well* OPEX and G&A per BOE 2014…
Sales volume & unit costs Deliver stable sales volume with leaner cost structure Sales Volume and Price Unit Cost 400,000 BOED 50 /BOE 322,167 325,257 43.45 * 312,569 38.88 21,702 23,780 40 300,000 26,539 Rest of World 46,460…
Financial highlights and 2016 liquidity outlook Robust liquidity maintained through cost management despite continued adjustment in gas price Demonstrate financial strength in 1H 2016 FY 2016 financial outlook 1.0 billion USD…
REFOCUS and RENEW Advancing for long-term growth RESET REFOCUS RENEW Malaysia exploration Algeria HBR Mozambique LNG New exploration project Completed exploration Continue to make progress Progress on (SK410B) and appraisal…
Bongkot concession expiry PTTEP is well-positioned to continue as operator Path to re-tendering of expiring concessions Source: as interviewed by Permanent Secretary, the Ministry of Energy on 2 August 2016 PTTEP : Competitively…
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 12 Key Takeaways Supplement
Supplementary information Q2 2016 Financial Results 14-17 Five-Year Investment Plan 18-20 Sustainable Development 21 Reserves and resources 22 Thailand Energy Updates 23 Key Project Highlights by Region 24-30 Project…
Summary of Q2 2016 financial results Healthy core earnings from efficient cost reduction and improved average product price Unit : MMUSD Statement of Income Q1 16 Q2 16 % QoQ Q2 15 * % YoY 6M 16 6M 15 * % YTD Total Revenues 1,093…
Cash flow performance Healthy EBITDA margin with robust liquidity to fund CAPEX and debt service Cash Flow Performance Source & Use of Funds in 6M 2016 MMUSD % MMUSD EBITDA Margin (RHS) 5,000 100 1,500 4,330 4,000 90 1,093 **…
Financial position Solid balance sheet with 3.2bn cash on hand for future growth MMUSD Capital Structure D/E Ratio 25,000 23,271 1.00 20,000 6,494 19,642 19,025 0.80 5,309 4,860 15,000 4,229 0.60 3,005 2,844 10,000 0.40 0.34…
Dividends Consistent dividend payment to shareholders Dividend Payment History (Policy : No Less Than 30% of Net Income) 1H 2H THB per share 5.80 6.00 6.00 4.50 3.00 3.00 4.00 1.50 3.00 2.00 2.00 2.80 3.00 3.00 1.00 0.75…
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 Advanced Level Certification Dow Jones Sustainability World Index United Nations Global Compact Oil & Gas…
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 whilst Thai Baht appreciated Thailands Natural Gas Supply by Source Thailands Natural Gas Consumption by Sector 6M 2016 Domestic Myanmar LNG 6M 2016 Electricity Industry GSP NGV FY 2015 Domestic…
Diversified international portfolio Worldwide operations: 38 projects* in 11 countries Thailand Oil sands PTTEPs core production base 75% of total sales volume Key producing assets include Bongkot, Arthit, Contract 4 and S1…
Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots natural gas sales volume of 885 MMSCFD (1H2016) represents approximately 17% 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 6M 2016 Average Sales Volume ** 2016 Key Activities Share (as of Q2 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 6M 2016 Average Sales Volume ** 2016 Key Activities Share (as of Q2 2016) Gas Oil and Other Production Phase Overseas Condensate: 16 Oman 44 *** OP…
Project information 3/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of Q2 2016) Exploration Phase Thailand and JDA 25 G9/43 OP 100% Overseas MOECO 20% 26 Myanmar M3 OP 80% Access development…
Project information 4/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of Q2 2016) Exploration Phase Overseas (Contd) Palang Sophon Offshore 10% 36 Myanmar MOGE 3 OP 75% MOECO 10% Acquire 3D seismic…
Organization structure Ensuring transparency, integrity and good corporate governance Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management Committee…
Ratio & formula Ratio Formula Lifting Cost (/BOE) (Operating Exp.) / Production Volume Cash Cost (/BOE) (Operating Exp. + Exploration Exp. + G&A + Royalties + Finance Cost) / Sales Volume Unit Cost (/BOE) (Operating Exp. + Exploration…
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