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Q3 2016 Opportunity Day – PTTEP

PTTEP · Nov 18, 2016 · 28 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. Q3 2016 Opportunity Day – PTTEP – slide 1
    Q3 2016 Opportunity Day Stock Exchange of Thailand 18 November 2016 1
  2. Q3 2016 Opportunity Day – PTTEP – slide 2
    Safety Performance Industry Highlights Financial Results Outlook Safety Industry 2 Financial Outlook
  3. Q3 2016 Opportunity Day – PTTEP – slide 3
    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 reduction in GHG emission per BOE produced, (Lost time injury incident…
  4. Q3 2016 Opportunity Day – PTTEP – slide 4
    Safety Performance Industry Highlights Financial Results Outlook Safety Industry 4 Financial Outlook
  5. Q3 2016 Opportunity Day – PTTEP – slide 5
    Oil Prices Slight increase in oil price driven by the potential OPECs production cut Brent Dubai Min-Max Brent Analyst Consensus* 9M 2016 Highlights US / Barrel High level of production from OPEC 100 90 Continuing supply ramp-up from…
  6. Q3 2016 Opportunity Day – PTTEP – slide 6
    Global Oil Supply: Remains Fragile Key catalysts include OPEC production cut and US production recovery Global Supply and Consumption US Production Potential OPECs production cut will help rebalance US production is expected to…
  7. Q3 2016 Opportunity Day – PTTEP – slide 7
    Thailand Updates Stable gas outlook, while watching closely on the concession re-tendering timeline Thailands Natural Gas Supply by Source Thailands Natural Gas Consumption by Sector 8M 2016 Domestic Myanmar LNG 8M 2016 Electricity…
  8. Q3 2016 Opportunity Day – PTTEP – slide 8
    Safety Performance Industry Highlights Financial Results Outlook Safety Industry 8 Financial Outlook
  9. Q3 2016 Opportunity Day – PTTEP – slide 9
    Sales Volume & Unit Cost On track for 2016 sales volume target; while cost improvement exceeds target Sales Volume and Price Unit Cost 400,000 BOED 50 /BOE 322,167 320,600 43.45 * 312,569 38.88 21,702 21,468 40 300,000 26,539…
  10. Q3 2016 Opportunity Day – PTTEP – slide 10
    Cash flow Performance Healthy EBITDA margin with robust liquidity to fund CAPEX and debt service Cash Flow Performance Source & Use of Funds in 9M 2016 MMUSD % MMUSD EBITDA Margin (RHS) 5,000 100 2,000 1,882 4,330 155 4,000 90…
  11. Q3 2016 Opportunity Day – PTTEP – slide 11
    Financial Position Solid balance sheet with 3.7bn cash on hand for future growth MMUSD Capital Structure D/E Ratio*** 25,000 23,271 1.00 20,000 6,494 19,642 19,062 0.80 5,309 4,788 15,000 4,229 0.60 3,005 2,855 10,000 0.40…
  12. Q3 2016 Opportunity Day – PTTEP – slide 12
    Safety Performance Industry Highlights Financial Results Outlook Safety Industry 12 Financial Outlook
  13. Q3 2016 Opportunity Day – PTTEP – slide 13
    RESET Cost structure for Sustainability Think smart, work smart for better efficiency SAVE to be SAFE. Financial outlook Reduce CAPEX Spending FY 2016 Unit : Bn USD 2.7 Reduce Remove Reschedule 48% Average Gas Price *…
  14. Q3 2016 Opportunity Day – PTTEP – slide 14
    REFOCUS for Future Growth Potential reserves addition on the way Short to Medium term FID Candidates: select to proceed with competitive projects Continue to pursue new investments M&A Producing / near-term producing assets in…
  15. Q3 2016 Opportunity Day – PTTEP – slide 15
    Key Takeaways Opportunities for Leaner cost structure Robust liquidity with On target to achieve long-term growth driving Competitive solid cash flow and stable sales through organic and operating performance significant cash on…
  16. Q3 2016 Opportunity Day – PTTEP – slide 16
    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 16 Financial Outlook
  17. Q3 2016 Opportunity Day – PTTEP – slide 17
    Supplementary Information Detailed financial information 18-23 Project details 24-27 Organization structure 28 Ratios and formula 29 Safety Industry 17 Financial Outlook
  18. Q3 2016 Opportunity Day – PTTEP – slide 18
    Summary of Q3 2016 Financial Results Healthy bottom line supported by core earnings and non-recurring gains Unit : MMUSD Statement of Income Q2 16 * Q3 16 % QoQ Q3 15 * % YoY 9M 16 9M 15 * % YTD Total Revenues 1,102 1,109 1 1,457…
  19. Q3 2016 Opportunity Day – PTTEP – slide 19
    PTTEP Sales Volume & Average Selling Price Lower sales volume QoQ from higher planned maintenance shutdown activities Sales Volume BOED 322,167 320,657 311,386 320,795 320,600 317,383 Q3 2016 300,000 21,702 20,071 16,895 17,548…
  20. Q3 2016 Opportunity Day – PTTEP – slide 20
    Operating Performance Slight increase in unit cost QoQ due to more completed assets and higher maintenance activities /BOE Unit Cost 50 40 38.88 38.58 40.21 Cash Cost 30.30 31.11 29.98 30 Unit Cost 20 15.89 15.75 12.56 16.45…
  21. Q3 2016 Opportunity Day – PTTEP – slide 21
    Financial Performance : Income Statement Maintain strong EBITDA margin reflecting efficiency in cost reduction Q2 16 * Q3 16 Q3 15 * 9M 16 9M 15 * Sales Revenue ** (MMUSD) 1,085 1,065 1,337 3,204 4,179 EBITDA *** (MMUSD) 778 770…
  22. Q3 2016 Opportunity Day – PTTEP – slide 22
    Financial Performance : Balance Sheet Solid balance sheet with 3.7Bn cash on hand for future growth Q4 15 Q1 16 Q2 16 Q3 16 Total Assets (MMUSD) 19,642 19,795 19,025 19,062 - Cash & cash equivalents * (MMUSD) 3,260 3,702 3,205…
  23. Q3 2016 Opportunity Day – PTTEP – slide 23
    Cash Flows : January September 2016 Robust cash position and positive operating cash flow Unit : MMUSD Operating 1,727 CAPEX & Investment (807) Income before tax & non-cash 2,394 CAPEX (PP&E, Intangible asset) (813) adjustment Tax…
  24. Q3 2016 Opportunity Day – PTTEP – slide 24
    Project Information 1/4 Production phase: Thailand and JDA Project Status* PTTEPs Partners 9M 2016 Average Sales Volume ** 2016 Key Activities Share (as of Q3 2016) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP 80%…
  25. Q3 2016 Opportunity Day – PTTEP – slide 25
    Project Information 2/4 Production phase: overseas Project Status* PTTEPs Partners 9M 2016 Average Sales Volume ** 2016 Key Activities Share (as of Q3 2016) Gas Oil and Other Production Phase Overseas Condensate: 16 Oman 44 *** OP…
  26. Q3 2016 Opportunity Day – PTTEP – slide 26
    Project Information 3/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of Q3 2016) Exploration Phase Thailand and JDA 25 G9/43 OP 100% Overseas MOECO 20% 26 Myanmar M3 OP 80% Access development…
  27. Q3 2016 Opportunity Day – PTTEP – slide 27
    Project Information 4/4 Exploration phase Project Status* PTTEPs Partners 2016 Key Activities Share (as of Q3 2016) Exploration Phase Overseas (Contd) Palang Sophon Offshore 10% 36 Myanmar MOGE 3 OP 75% MOECO 10% Acquire 3D seismic…
  28. Q3 2016 Opportunity Day – PTTEP – slide 28
    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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