PTT Exploration and Production Public Company Limited 2017 Q1 Opportunity Day Stock Exchange of Thailand 23 May 2017
Safety Performance Industry Highlights Financial Performance Operational Outlook & Growth
Priority on Safety and Sustainability Significant cost reduction without compromising on SSHE Safety DJSI Maintain high safety standard Listed for three consecutive years of incidents per million man hours (Lost time injury…
Safety Performance Industry Highlights Financial Performance Operational Outlook & Growth
Safety Performance Industry Highlights Financial Performance Operational Outlook & Growth
Sales Volume & Unit Cost Sales price started to recover while low cost base was still maintained Sales Volume and Price Unit Cost 400,000 BOED 40 /BOE 316,307 304,108 329,858 31.89 300,000 14,966 15,512 27,489 30 27.54 28.57…
Cash Flow Performance Self funding for CAPEX and debt service Cash Flow Performance Source & Use of Funds in Q1 2017 MMUSD % MMUSD EBITDA Margin (RHS) 800 4,000 100 688 90 600 3,000 2,864 2,308 80 74 400 2,000 71 71 70…
Financial Position Healthy balance sheet with low gearing MMUSD Capital Structure D/E Ratio 25,000 1.00 20,000 19,642 18,891 19,251 0.80 5,309 4,673 4,937 15,000 0.60 3,005 2,832 2,863 10,000 0.40 0.27 0.25 0.25 5,000 0.20…
Financial Outlook Expect to deliver robust financial performance Financial Outlook Average Sales Volume (KBOED) Q2 2017 FY 2017 300 300-310 Average Gas Price (USD/MMBTU) Q2 2017 FY 2017* 5.5 5.5 Unit Cost (USD/BOE) Q2 2017 FY…
Safety Performance Industry Highlights Financial Performance Operational Outlook & Growth
2017 Outlook on Existing Projects in SEA Maximizing value and mitigating near-term downsides Producing assets in SEA Mitigation plan on lower gas sales 95% of PTTEPs total 83% of PTTEPs sales volume Situation Impact to PTTEP…
Growth Dimensions Accelerating project development and new investments execution Key pre-development projects Mozambique Rovuma Offshore Area 1 Production Expected Start-up Working Interest Substantial recoverable resources of 70+…
Cooperation with PTT in LNG Opportunities Synergy to capture value in the LNG chain LNG LNG Field Liquefaction Trading Shipping Regasification Utilities Development Gas Marketers Internationally Thailand Market Key…
Bongkot Concession Expiry PTTEP is well-positioned to continue as operator Path to re-tendering of expiring concessions Associated Laws 5 Ministerial Regulations - Prescribing the Production Sharing Contract Form - Prescribing…
Key Takeaways Strived through the downturn and ready to compete Best Balance sheet Focused Portfolio with Competitive Cost base Well positioned for and Capital revenue stability and strong margin future growth Management +90%…
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
Supplementary information Q1 2017 Financial Results 19-20 Thailand Updates 21 Sustainable Development 22 Reserves and Resources 23 Key Project Highlights by Region 24-30 Project Details 31-34 Organization Structure 35…
Summary of Q1 2017 Financial Results Deliver strong performance from better sales price and low unit cost Unit : MMUSD Statement of Income Q4 16 Q1 17 % QoQ Q1 16* % YoY Total Revenues 1,089 1,092 0 1,085 1 Sales 1,038 1,040 0…
Debt Maturity Profile Expect no debt maturity until 2018 1,400 1,275 1,200 1,000 USD Millions 800 600 490 406 413 400 349 200 - Note: Excludes Hybrid bonds Unit: USD Millions or equivalent after cross currency…
Thailand Economic Update Economic growth with uncertainty on Thai Baht Thailands Natural Gas Supply by Source Thailands Natural Gas Consumption by Sector 2M 2017 Domestic Myanmar LNG 2M 2017 Electricity Industry GSP NGV FY 2016…
Sustainable development Pursue long-term growth with social and environmental wellness 2016 DJSI Listed Company PTTEP is selected for the DJSI World Oil and Gas FTSE4Good Emerging Index Upstream & Integrated Industry with the…
Reserves and Resources Maintaining reserve life with majority of reserves base in SEA 2016 by Geography Reserves / Domestic International MMBOE Resource Life* 5,000 6,000 4,864 5,039 5,000 37 Years 5,000 74% 4,000 1,099 695…
Diversified international portfolio Worldwide operations: 37 projects* in 10 countries Thailand Oil sands PTTEPs core production base 78% 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 (44.4445% interest) Bongkots natural gas sales volume of 928 MMSCFD in 3M 2017 Average condensate sales volume was 26 KBPD in 3M 2017 Bongkot South…
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 Shell Brasil (65% interest) Four offshore exploration blocks: BAR-M-215,…
Project information 1/4 Production phase: Thailand and JDA Project Status* PTTEPs Partners 3M 2017 Average Sales Volume ** 2017 Key Activities Share (as of Q1 2017) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP 80%…
Project information 2/4 Production phase: Overseas Project Status* PTTEPs Partners 3M 2017 Average Sales Volume ** 2017 Key Activities Share (as of Q1 2017) Gas Oil and Other Production Phase Overseas PetroVietnam 50% Crude: 4.4 k…
Project information 3/4 Exploration phase Project Status* PTTEPs Partners 2017 Key Activities Share (as of Q1 2017) Exploration Phase Thailand and JDA 24 G9/43 OP 100% Overseas MOECO 20% 25 Myanmar M3 OP 80% Assess resource…
Project information 4/4 Exploration phase Project Status* PTTEPs Partners 2017 Key Activities Share (as of Q1 2017) Exploration Phase Overseas (Contd) Palang Sophon Offshore 10% 35 Myanmar MOGE 3 OP 75% MOECO 10% Acquire 2D and 3D…
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. Transportation Cost Stock Variation Other expense not related to lifting) / Production Volume Cash Cost (/BOE) (Operating Exp. + Exploration Exp. + G&A + Royalties +…
Loading...
