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Q2 2017 Opportunity Day – PTTEP

PTTEP · Aug 22, 2017 · 37 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. Q2 2017 Opportunity Day – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited 2017 Q2 Opportunity Day Stock Exchange of Thailand 22 August 2017
  2. Q2 2017 Opportunity Day – PTTEP – slide 2
    Safety Performance Industry Highlights Financial Performance Operational Updates & Outlook
  3. Q2 2017 Opportunity Day – PTTEP – slide 3
    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…
  4. Q2 2017 Opportunity Day – PTTEP – slide 4
    Safety Performance Industry Highlights Financial Performance Operational Updates & Outlook
  5. Q2 2017 Opportunity Day – PTTEP – slide 5
    Oil Prices A battle of increasing supply VS demand growth Brent Dubai Min-Max Brent Analyst Consensus* Compliance Rate (June 17) OPEC: 78% achieved US / Barrel The lowest compliance since Saudi and Iraq Commitment on the flows…
  6. Q2 2017 Opportunity Day – PTTEP – slide 6
    Safety Performance Industry Highlights Financial Performance Operational Updates & Outlook
  7. Q2 2017 Opportunity Day – PTTEP – slide 7
    Sales Volume & Unit Cost Better unit cost and selling price despite lower sales volumes Sales Volume and Price Unit Cost 400,000 40 38.88 BOED 322,167 325,257 /BOE 319,521 292,709 30.46 300,000 21,702 19,834 23,780 30 29.42 28.29…
  8. Q2 2017 Opportunity Day – PTTEP – slide 8
    Cash Flow Performance Robust cash flow generation to support CAPEX and debt service Cash Flow Performance Source & Use of Funds in 6M 2017 MMUSD % MMUSD EBITDA Margin (RHS) 4,000 100 1,200 1,055 * 90 1,000 3,000 2,864 871 **…
  9. Q2 2017 Opportunity Day – PTTEP – slide 9
    Financial Position Healthy balance sheet with low gearing MMUSD Capital Structure D/E Ratio 25,000 1.00 20,000 19,642 18,891 18,872 0.80 5,309 4,673 4,339 15,000 0.60 3,005 2,832 2,874 10,000 0.40 0.27 0.25 0.25 5,000 0.20…
  10. Q2 2017 Opportunity Day – PTTEP – slide 10
    Dividends Demonstrating our dividend commitment to shareholders Dividend Payment History (Policy : No Less Than 30% of Net Income) 1H 2H THB per share 6.00 6.00 4.50 3.00 4.00 1.50 3.00 3.25 2.00 2.00 2.50 3.00 3.00 1.00…
  11. Q2 2017 Opportunity Day – PTTEP – slide 11
    Financial Outlook Expect to maintain strong financial performance Financial Outlook Average Sales Volume (KBOED) Q3 2017 FY 2017 290 300 Average Gas Price (USD/MMBTU) Q3 2017 FY 2017* 5.6 5.5 Unit Cost (USD/BOE) Q3 2017 FY 2017…
  12. Q2 2017 Opportunity Day – PTTEP – slide 12
    Safety Performance Industry Highlights Financial Performance Operational Updates & Outlook
  13. Q2 2017 Opportunity Day – PTTEP – slide 13
    Updates on 2017 Priorities (1/2) Expedite the execution with focus on adding reserves and production Sustain Production and Low Cost in Existing Projects Maximizing value and mitigating near-term downsides Sales Volume S1 project…
  14. Q2 2017 Opportunity Day – PTTEP – slide 14
    Updates on 2017 Priorities (2/2) Expedite the execution with focus on adding reserves and production Progress on Pre-development Projects Accelerating the FID for near-term reserves addition Mozambique Offshore LNG Algeria HBR Ubon…
  15. Q2 2017 Opportunity Day – PTTEP – slide 15
    LNG Value Chain Investment : MLNG Train 9 (1/2) First step into midstream LNG business in strategic area of focus MLNG Train 9 Overview 10% Investment in MLNG Train 9 by PTT Global LNG. Location Bintulu, Sarawak, Malaysia .continue to…
  16. Q2 2017 Opportunity Day – PTTEP – slide 16
    LNG Value Chain Investment : MLNG Train 9 (2/2) Investment structure and LNG process PTTEP PTT In vicinity of future upstream opportunities (through subsidiary 50% 50% Investment in MLNG Train 9 strengthened PTTEPs current…
  17. Q2 2017 Opportunity Day – PTTEP – slide 17
    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%…
  18. Q2 2017 Opportunity Day – PTTEP – slide 18
    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 18
  19. Q2 2017 Opportunity Day – PTTEP – slide 19
    Supplementary information Q2 2017 Financial Results 20-21 Thailand Updates 22 Sustainable Development 23 Reserves and Resources 24 Key Project Highlights by Region 25-31 Project Details 32-35 Organization Structure 36…
  20. Q2 2017 Opportunity Day – PTTEP – slide 20
    Summary of Q2 2017 Financial Results Positive core earning supported by stable sales price Unit : MMUSD Statement of Income Q1 17 Q2 17 % QoQ Q2 16 * % YoY 6M 17 6M 16 * % YTD Total Revenues 1,092 1,032 (5) 1,102 (6) 2,121 2,187 (3)…
  21. Q2 2017 Opportunity Day – PTTEP – slide 21
    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…
  22. Q2 2017 Opportunity Day – PTTEP – slide 22
    Thailand Economic Forecast Economic growth with uncertainty on Thai Baht Thailands Natural Gas Supply by Source Thailands Natural Gas Consumption by Sector 5M 2017 Domestic Myanmar LNG 5M 2017 Electricity Industry GSP NGV FY 2016…
  23. Q2 2017 Opportunity Day – PTTEP – slide 23
    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…
  24. Q2 2017 Opportunity Day – PTTEP – slide 24
    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…
  25. Q2 2017 Opportunity Day – PTTEP – slide 25
    Diversified international portfolio Worldwide operations: 37 projects* in 10 countries Thailand Oil sands PTTEPs core production base 77% of total sales volume Key producing assets include Bongkot, Arthit, Contract 4 and S1…
  26. Q2 2017 Opportunity Day – PTTEP – slide 26
    Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4445% interest) Bongkots natural gas sales volume of 835 MMSCFD in 1H 2017 Average condensate sales volume was 26 KBPD in 1H 2017 Bongkot South…
  27. Q2 2017 Opportunity Day – PTTEP – slide 27
    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…
  28. Q2 2017 Opportunity Day – PTTEP – slide 28
    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…
  29. Q2 2017 Opportunity Day – PTTEP – slide 29
    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…
  30. Q2 2017 Opportunity Day – PTTEP – slide 30
    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…
  31. Q2 2017 Opportunity Day – PTTEP – slide 31
    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,…
  32. Q2 2017 Opportunity Day – PTTEP – slide 32
    Project information 1/4 Production phase: Thailand and JDA Project Status* PTTEPs Partners 1H 2017 Average Sales Volume ** 2017 Key Activities Share (as of Q2 2017) Gas Oil and Other Production Phase Thailand and JDA 1 Arthit OP…
  33. Q2 2017 Opportunity Day – PTTEP – slide 33
    Project information 2/4 Production phase: Overseas Project Status* PTTEPs Partners 1H 2017 Average Sales Volume ** 2017 Key Activities Share (as of Q2 2017) Gas Oil and Other Production Phase Overseas PetroVietnam 50% Crude: 3.4 k…
  34. Q2 2017 Opportunity Day – PTTEP – slide 34
    Project information 3/4 Exploration phase Project Status* PTTEPs Partners 2017 Key Activities Share (as of Q2 2017) Exploration Phase Thailand and JDA 24 G9/43 OP 100% Overseas MOECO 20% 25 Myanmar M3 OP 80% Assess resource…
  35. Q2 2017 Opportunity Day – PTTEP – slide 35
    Project information 4/4 Exploration phase Project Status* PTTEPs Partners 2017 Key Activities Share (as of Q2 2017) Exploration Phase Overseas (Contd) Palang Sophon Offshore 10% 35 Myanmar MOGE 3 OP 75% MOECO 10% Acquire 2D and 3D…
  36. Q2 2017 Opportunity Day – PTTEP – slide 36
    Organization structure Ensuring transparency, integrity and good corporate governance Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management Committee…
  37. Q2 2017 Opportunity Day – PTTEP – slide 37
    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 +…

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