Morgan Stanley Asia Pacific Summit 28 - 29 November 2018 Singapore
Company Overview Strategy and Growth Content Financial Performance Outlook
PTTEP: the E&P Flagship of PTT Group Plays a pivotal role in Thailands oil and gas production As PTTs Upstream Flagship Largest oil and gas producers in Thailand and Myanmar Government of Synergy with PTTs gas value chain through its…
2018 Key Achievements and Outlook Unlocking value through concrete plan with solid financial position to capture business growth Strong Operation Performance Completed Transformation and Productivity Improvement Columbus project…
Company Overview Strategy and Growth Content Financial Performance Outlook
Strategic Business Plan Continue to operate under 3Rs RESET REFOCUS and RENEW RESET Aspiration Production Potential to supply Implement digitalization Divest non-core assets, Growth and Sustain Cost more gas from to improve…
Continue to Pursue Growth Strategies Production and Reserve accretion remains the top priority Strive to win the Bidding: Bid announcement is scheduled by the end of 2018 Summary of TOR Bidding Proposal June September 2018 Data Room &…
Company Overview Strategy and Growth Content Financial Performance Outlook
Financial Performance Key Drivers Generated solid operating cash flow 9M2018 driven by strong core performance Sale Average Volumes Thailand & Selling MTJDA Other SEA Rest of world Price 9M 9M 300,338 294,539 2% YTD Gas (/MMBTU)…
Financial Position Healthy balance sheet with low gearing ratio MMUSD Capital Structure D/E Ratio 25,000 1.00 20,000 18,891 19,220 19,210 0.80 4,673 4,796 5,486 15,000 0.60 2,832 2,907 1,947 10,000 11,386 11,517 0.40 11,777…
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 4.50 4.25 4.00 1.50 3.00 3.25 2.75 2.00 2.00 2.50 3.00 1.50 1.75 1.00…
Company Overview Strategy and Growth Content Financial Performance Outlook
Financial Outlook Strive to deliver strong core operational performance .Expect strong 2018 core performance Average Sales Volume* 310 KBOED KBOED USD/MMBTU Average Gas Price** 6.5 /MMBTU Unit Cost 31 /BOE % of sales…
Key Takeaways Maximizing value through solid growth platforms Strengthen fundamental Sustain competitive cost structure Uplift sales volume through efficiency improvement Maintain healthy margin Focus on production and reserves…
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 Passion to Explore For a Sustainable Future 15
Supplementary information Q3 2018 Financial Results 17-19 5-year Investment Plan 20-21 Sustainability Development 22 Oil Market Outlook 23-24 Thailand Updates 25-27 Reserve and Resources 28 Key Project Highlights by Region…
Summary of Q3 2018 Financial Results Better net income QoQ driven by THB appreciation and strong core performance Unit : MMUSD Statement of Income Q2 18 Q3 18 % QoQ Q3 17 % YoY 9M 18 9M 17 % YTD Total Revenues 1,347 1,398 4% 1,134…
Financial Performance : Income Statement and Balance Sheet Sustained solid EBITDA margin with healthy balance sheet Q2 18 Q3 18 Q3 17 9M 18 9M 17 Sales and Revenue from Pipeline Transportation (MMUSD) 1,319 1,367 1,089 3,870 3,135…
Sales Volume & Unit Cost Improved sales volume and selling price with continuous cost management effort Sales Volume and Price Unit Cost 400,000 40 BOED 319,521 /BOE 299,206 294,539 300,338 30.46 29.05 31.28** 300,000 19,834…
Sales Volume M&As and concession bidding remain key upside Unit : KBOED 310 324 312 299 306 300 253 Incremental volume from Bongkot acquisition, offsetting with Montara divestment 200 As per 5-year 100 Investment Plan…
Investment Plan (excluding Acquisition cost on M&As) Disciplined spending on core assets for future production growth Unit : Billion USD 5 Years (2018 2022) OPEX 6.5 3.2 3.2 3.2 CAPEX 9.1 3.1 3.0 3,000 2.9 TOTAL 15.6 2.6 1.1 1.3…
Sustainable development Pursue long-term growth with social and environmental wellness 2018 DJSI Listed Company FTSE4Good Emerging Index 2018 PTTEP has been selected as a member of PTTEP becomes a constituent of the FTSE4Good the…
Oil Prices Although global oil prices rally, volatility remains in focus US / Barrel 100 Brent Dubai Min-Max Brent Analyst Consensus* 90 80 Analyst Consensus 70 60 50 40 2018 1H actual Brent 70.6 /BBL 2018 3Q actual Brent 75.2…
Key Highlights US shale super power still faces constraints and LNG shortage shows after 2023 onward Crude production: Growing supply from Major Crude Producers 12.0 Russia Saudi Arabia USA In September 2018, global crude supply…
Thailand Updates Domestic gas volume suppressed by LNG import; Uncertainty on Thai Baht remains Thailand Energy Overview Exchange Rate Movement (THB/USD) Natural Gas Supply MMSCFD 37 35.83 FY 2016 FY 2017 8M 2018 Domestic…
Thailands Energy Value Chain PTTEP contributes almost 1/3 of Thailands petroleum production Thailands Oil and Gas Demand Thailand Petroleum Production 9M2018 Midstream % by Petroleum Type and Area Gas: operated by PTT Crude Oil &…
Thailands Oil and Gas Balance January September 2018 Oil Balance Natural Gas Balance Maintains stability supply through adequate refining capacity Main driver of the Thailand economy Import (83%) Indigenous (17%) Gulf of Thailand…
Reserves and Resources Maintained reserve life with majority of reserves base in SEA 2017 by Geography Reserves / Domestic International MMBOE Resource Life* 4,855 6,000 5,000 5,093 5,000 4,855 38 Years 74% 4,000 1,031 631…
Diversified international portfolio Worldwide operations: 40 projects* in 11 countries Thailand Oil sands PTTEPs core production base 79% of total sales volume Key producing assets include Bongkot, Arthit, Contract 4 and S1…
Thailand and other Southeast Asia Strong base maintaining production plateau and significant contribution to growth Thailand Myanmar Bongkot (66.6667% WI) 3 producing gas fields supplying gas to Average natural gas and condensate…
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 and Brazil Canada Oil Sands Flexibility to pursue long-term investment from the oil sands project Mariana Oil Sands Project Project Overview Approximately 96% of the reserves in Canada, the Hangingstone Operates 100%…
Unlocking the Exploration Potentials Expanded portfolio in high prolific areas: Malaysia and Mexico Sarawak Basin, Malaysia PTTEPs Block: SK410B (42.5%), SK417 (80%) and SK438 (80%) with operatorship Location: Sarawak Basin, Malaysia…
LNG Value Chain Investment : MLNG Train 9 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 look…
Project information 1/3 Production phase: Thailand and JDA Project Status* PTTEPs Partners 9M2018 Average Sales Volume ** 2018 Key Activities Share (as of Q3 2018) Gas Oil and Other Production Phase Thailand and JDA Chevron 16%…
Project information 2/3 Production phase: Overseas Project Status* PTTEPs Partners 9M2018 Average Sales Volume ** 2018 Key Activities Share (as of Q3 2018) Gas Oil and Other Production Phase Overseas PetroVietnam 50% Crude: 3.7 k BPD…
Project information 3/3 Exploration/Development phase Project Status* PTTEPs Partners 2018 Key Activities Share (as of Q3 2018) Exploration/Development Phase Thailand and JDA 24 G9/43 OP 100% Overseas MOECO 20% Negotiate the…
Organization structure Ensuring transparency, integrity and good corporate governance Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management Committee CEO…
Supplementary Index : Ratio & Formula Ratio Formula Lifting Cost (/BOE) (Operating Exp. Transportation Cost Stock Variation Other expenses not related to lifting) / Production Volume Cash Cost (/BOE) (Operating Exp. + Exploration Exp.…
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