Investor Presentation Finansia Investment Conference, Bangkok 21 January 2019
Company Overview Strategy and Growth Financial Performance Investment Plan
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 producer in Thailand and Myanmar Government of Synergy with PTTs gas value chain through its…
Recent Key Achievement Robust all round 2018 performance Performance Achievement Portfolio Highlights On-track sales volume target Executed Coming-home and Strategic Alliance Strategies 300+ KBOED* Consolidated Thailand Gas Supply…
Company Overview Strategy and Growth Financial Performance Investment Plan
Investment Strategy Strengthen E&P portfolio and diversify business opportunities Non E&P ensures long-term sustainability Materialize energy value chain E&P remains our core priority Generate revenue and deliver synergy from…
E&P: Thailand Champion in Domestic Gas Supply Execute Bongkot and Erawan transition plan To supply 2/3 of domestic gas production starting from 2022 onwards.. Growing production and reserves profile Substantial volume boost for 10…
E&P: Thailand Champion in Domestic Gas Supply Achievable cost optimization to sustain target return With new gas price, we can achieve target IRR Gas price Cost optimization Under Price Constant of 116 THB/MMBTU, Major processing…
E&P: Continue to Grow Core Business Production and Reserves accretion remains the top priority Affirm FID Timeline Boost up Exploration Activities Mozambique Rovuma Offshore Area 1 Grow the foothold Strengthen backyard Joint Venture…
Non E&P: Explore New Business Opportunities Expand value chain, create innovation and step towards long-term sustainability Pursue New Line of Business: Gas Value Chain In-House Technology Renewable Energy G2P and LNG AI and…
Company Overview Strategy and Growth Financial Performance Investment Plan
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 Financial Performance Investment Plan
Target Sales Volume* Maximize volume from legacy assets with substantial upside from BKT and ERW after 2022 Unit : KBOED Upside volume from BKT and ERW 310 318 325 326 300 280 235 Rest of World 200 Other SEA Thailand & 100…
Investment Plan (CAPEX and OPEX)* Prioritize investment to deliver volume target 5 Years (2019 2023) Unit : MMUSD Forecasted investment for OPEX 6,795 BKT and ERW CAPEX 9,310 4,000 3,726 TOTAL 16,105 3,479 3,560 Acquisitions…
Key Takeaways Maximizing value through solid growth platforms Strengthen fundamental Uplift sales volume through efficiency improvement Sustain competitive cost structure 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 Energy Partner of Choice 19
Supplementary information Summary of Key Terms from Bidding Results 21 Q3 2018 Financial Results 22-24 Sustainability Development 25 Thailand Energy Updates 26-28 Reserves and Resources 29 Key Project Highlights by Region…
Summary of Terms from Bidding Result of Bongkot and Erawan and PSC Model Price Formula PSC Model Sales = 100 10% Royalty Cost recovery Max 50% = 100*10%=10 1 Cost Recovery Profit Sharing = 100*50%=50 = 100-10-50=40 2 Profit…
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…
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…
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 FY 2016 FY 2017 10M 2018 37 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 reserves 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: 42 projects in 12 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 ** 2019 Key Activities Share (as YE2018) Gas Oil and Other Production Phase Thailand and JDA Ensure gas…
Project information 2/3 Production phase: Overseas Project Status* PTTEPs Partners 9M2018 Average Sales Volume ** 2019 Key Activities Share (as of YE2018) Gas Oil and Other Production Phase Apico 35% Condensate: 218 BPD Ensure gas…
Project information 3/3 Exploration/Development phase Project Status* PTTEPs Partners 2019 Key Activities Share (as of YE2018) Exploration/Development Phase Thailand and JDA 23 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…
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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