Skip to main content 1Q 2019 Earnings Presentation – PTTEP | Shale Experts
Loading...
Database
Slide Database

1Q 2019 Earnings Presentation – PTTEP

PTTEP · May 9, 2019 · 44 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. 1Q 2019 Earnings Presentation – PTTEP – slide 1
    Q1 2019 Financial Results and Strategy Update Analyst Meeting 9 May 2019
  2. 1Q 2019 Earnings Presentation – PTTEP – slide 2
    Key Highlights Industry Trends Strategy and Growth Financial Performance
  3. 1Q 2019 Earnings Presentation – PTTEP – slide 3
    Q1 2019 Performance Highlights 394 MMUSD of Net Income 319 KBOED of Sales Volume Financial 29.3 /BOE of Unit Cost Operations 0.00 of LTIF* Start Development in Algeria Successful well drilling in st (1 phase of Algeria HBR)…
  4. 1Q 2019 Earnings Presentation – PTTEP – slide 4
    Key Highlights Industry Trends Strategy and Growth Financial Performance
  5. 1Q 2019 Earnings Presentation – PTTEP – slide 5
    Industry Trends: Oil Market Outlook Price volatility driven by supply side US / Barrel Brent Dubai Min-Max Brent Analyst Consensus* 110 2018 actual 2019 Q1 actual 2019 consensus 100 Brent 71.31 US/BBL Brent 63.1 US/BBL Q2 Brent 67…
  6. 1Q 2019 Earnings Presentation – PTTEP – slide 6
    Industry Trends New LNG projects may create surplus again and less concern on IMO regulation Oil Market LNG MarketOutlook Update Global LNG Supply/Demand Balance (MT) FID (2022-23) Market expects Asian LNG spot price to be New…
  7. 1Q 2019 Earnings Presentation – PTTEP – slide 7
    Key Highlights Industry Trends Strategy and Growth Financial Performance
  8. 1Q 2019 Earnings Presentation – PTTEP – slide 8
    Expand for sustainable growth Focus growth in strategic investment areas and diversify into energy related business Energy Partner of Choice Myanmar S1 Strategic Alliance in the Middle East Sinphuhom Coming Home MOGE3 to South…
  9. 1Q 2019 Earnings Presentation – PTTEP – slide 9
    Execute for long-term value creation Accelerate FID projects and resources discovery Energy Partner of Choice Resources Myanmar Exploration Volume In process of drilling 5 wells in Reserves 2019, with one in MD-7 for Bongkot &…
  10. 1Q 2019 Earnings Presentation – PTTEP – slide 10
    PTTEPs High Priority Technology Programs To support E&P business and future investment opportunities New Business E&P Technology Advance Exploration S1 Enhanced Oil Unlock High-CO2 AI & Robotics Technology Recovery (EOR) Gas…
  11. 1Q 2019 Earnings Presentation – PTTEP – slide 11
    PTTEPs Aspired Portfolio in 2030 Target for sustainable growth 5% CAGR on Production Target 2030 7 years of R/P Ratio GRC FID Projects HPO SVC Sustainable Development Framework 11
  12. 1Q 2019 Earnings Presentation – PTTEP – slide 12
    Key Highlights Industry Trends Strategy and Growth Financial Performance
  13. 1Q 2019 Earnings Presentation – PTTEP – slide 13
    Q1 2019 Key Financial Performance Delivered healthy EBITDA margin supported by cost management Sale Average Volumes Selling Thailand & MTJDA Other SEA Rest of world Price Q4 2018 Q1 2019 320,905 319,230 1% QoQ Gas (/MMBTU) 6.90…
  14. 1Q 2019 Earnings Presentation – PTTEP – slide 14
    Outlook & Takeaways Solid fundamental with significant shareholders value creation 2019 Guidance* Key Takeaways Q2 2019 FY 2019 Industry Average Sales Volume Price volatility driven by supply side 330 321 Potential oversupply from…
  15. 1Q 2019 Earnings Presentation – PTTEP – slide 15
    Thank you and Q&A You can reach the Investor Relations team for more information and inquiry through the following channels: Energy Partner of Choice http://www.pttep.com +66 2 537 4000 IRpttep.com 15
  16. 1Q 2019 Earnings Presentation – PTTEP – slide 16
    Supplementary information Q1 2019 Financial Results 17-20 Sustainability Development 21 Thailand Energy Updates 22-24 Reserves at the Year-end 2018 25 Key Project Highlights by Region 26-36 Project Details 37-42…
  17. 1Q 2019 Earnings Presentation – PTTEP – slide 17
    Sales Volume & Unit Cost Strong volume with competitive cost Sales Volume and Price Unit Cost 400,000 BOED 320,905 319,230 /BOE 32.69* 1,682 4,371 293,099 30 29.33* 29.20 300,000 49,097 50,252 7,884 Rest of World 48,929 Cash…
  18. 1Q 2019 Earnings Presentation – PTTEP – slide 18
    Cash Flow Performance Robust operating cash flow Cash Flow Performance Source & Use of Funds in Q1 2019 MMUSD % MMUSD EBITDA Margin (RHS) 100 1,200 3,276 3,000 943 * 2,687 90 800 2,000 80 587** 76 73 70 70 400 1,000 943…
  19. 1Q 2019 Earnings Presentation – PTTEP – slide 19
    Financial Position Healthy balance sheet with low gearing MMUSD Capital Structure D/E Ratio 25,000 1.00 20,000 19,220 19,571 20,150 0.80 4,796 5,605 6,194 15,000 0.60 2,907 1,946 1,961 10,000 12,020 0.40 11,995 5,000 0.25 0.20…
  20. 1Q 2019 Earnings Presentation – PTTEP – slide 20
    Debt Maturity Profile 800 700 700 600 USD Millions 500 490 413 400 349 300 200 100 - 2019 2020 2021 2022-2028 2029 2030-2041 2042 Note: Excludes Hybrid bonds Unit: USD Millions or equivalent after cross currency…
  21. 1Q 2019 Earnings Presentation – PTTEP – slide 21
    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…
  22. 1Q 2019 Earnings Presentation – PTTEP – slide 22
    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 2017 FY 2018 2M 2019 Domestic Myanmar LNG…
  23. 1Q 2019 Earnings Presentation – PTTEP – slide 23
    Thailands Energy Value Chain PTTEP contributes almost 1/3 of Thailands petroleum production 2M Thailands Oil and Gas Demand Thailand Petroleum Production 2M2019 Midstream % by Petroleum Type and Area Gas: operated by PTT Crude Oil…
  24. 1Q 2019 Earnings Presentation – PTTEP – slide 24
    Thailands Oil and Gas Balance 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 (67%) Onshore(2%)…
  25. 1Q 2019 Earnings Presentation – PTTEP – slide 25
    Reserves at the Year-end 2018 Maintained reserves life with majority of reserves base in SEA MMBOE Reserves 2018 by Geography 1,500 Life* Domestic International 1,099 1,028 1,031 1,028 8 Years 677 29% 1,000 404 351 31% 400…
  26. 1Q 2019 Earnings Presentation – PTTEP – slide 26
    Diversified international portfolio Worldwide operations: 46 projects* in 12 countries Thailand Oil sands PTTEPs core production base 80% of total sales volume Key producing assets include Bongkot, Arthit, Contract 4 and S1 The…
  27. 1Q 2019 Earnings Presentation – PTTEP – slide 27
    Thailand and other Southeast Asia Coming home to maintain strong foundation with full expertise Thailand Myanmar Bongkot (66.6667% WI) 3 producing gas fields supplying gas to Average natural gas and condensate both Thailand and…
  28. 1Q 2019 Earnings Presentation – PTTEP – slide 28
    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…
  29. 1Q 2019 Earnings Presentation – PTTEP – slide 29
    Acquisition of Murphys Business: Transaction Overview (1/3) Acquiring 100% of Murphys business in Malaysia PTTEP to acquire 100% of the shares in Murphy Sabah Oil Co. Ltd and Murphy Sarawak Oil Co. Ltd from Murphy Oil Corporations…
  30. 1Q 2019 Earnings Presentation – PTTEP – slide 30
    Acquisition of Murphys Business: Asset Profile (2/3) Diversified portfolio with a balance of short and long term contributions Arthit Sabah H Bongkot Expected 22 KBOED JDA 1st gas in 2020* PFLNG2 (Gas) 18 KBOED 2018 (Oil/Gas)…
  31. 1Q 2019 Earnings Presentation – PTTEP – slide 31
    Acquisition of Murphys Business: Contributions to PTTEPs Portfolio (3/3) Boost financial performance with valuable human resources Net Sales Volume Proved and Probable Reserves (2P) +18% +27% increase in 2P reserves on 5-Yr Avg.…
  32. 1Q 2019 Earnings Presentation – PTTEP – slide 32
    Other South East Asia Expanding foothold in the region Vietnam and Indonesia Production projects Pre sanction projects Vietnam 16-1 (28.5% WI) Average sales volume of crude oil was 17 KBPD in 3M2019 Southwest Vietnam The…
  33. 1Q 2019 Earnings Presentation – PTTEP – slide 33
    Mozambique Area 1 Potential to become one of the worlds largest emerging LNG supply hubs Substantial recoverable resources of approximately 75 tcf with scalable offshore development expending up to 50 MTPA Location and Cost Advantage…
  34. 1Q 2019 Earnings Presentation – PTTEP – slide 34
    The Middle East : United Arab Emirates Partnering to JV with prudent operators in prolific low cost area Project Overview PTTEPs Block Abu Dhabi Offshore 1 Abu Dhabi Offshore 2 Location North-west of Abu Dhabi Emirates, United Arab…
  35. 1Q 2019 Earnings Presentation – PTTEP – slide 35
    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…
  36. 1Q 2019 Earnings Presentation – PTTEP – slide 36
    America: Mexico, Brazil and Canada -- Entry into high potential petroleum province at exploration phase -- Gulf of Mexico, Mexico Deep Water Brazil PTTEPs Block: Block 12 (20%) Barreirinhas AP1 and Block 29 (16.67%), as non-…
  37. 1Q 2019 Earnings Presentation – PTTEP – slide 37
    Project information 1/4 Production phase: Thailand and JDA Project Status* PTTEPs Partners 3M2019 Average Sales Volume ** 2019 Key Activities Share (as March 2019) Gas Oil and Other Production Phase Thailand and JDA Ensure gas…
  38. 1Q 2019 Earnings Presentation – PTTEP – slide 38
    Project information 2/4 Production phase: Overseas Project Status* PTTEPs Partners 3M2019 Average Sales Volume ** 2019 Key Activities Share (as of March 2019) Gas Oil and Other Production Phase Apico**** 35% Condensate: 320 BPD…
  39. 1Q 2019 Earnings Presentation – PTTEP – slide 39
    Project information 3/4 Exploration/Development phase Project Status* PTTEPs Share Partners 2019 Key Activities (as of March 2019) Exploration/Development Phase Thailand and JDA 23 G9/43 OP 100% - MP G2 (Thailand) 40% The PSC…
  40. 1Q 2019 Earnings Presentation – PTTEP – slide 40
    Project information 4/4 Exploration/Development phase Project Status* PTTEPs Partners 2019 Key Activities Share (as of March 2019) Exploration/Development Phase Overseas 90%-100% PTTEP Australasia Completed Montara Field…
  41. 1Q 2019 Earnings Presentation – PTTEP – slide 41
    Projects from Murphy Malaysia Acquisition Project Details (1/2) Project Working Interest Oi/Gas Covering Area (km2) 2018 Net Sales Volume Producing Phase PTTEP HKO* 59.5% (Operator) Pertamina 25.5% Oil 13,000 BPD 903.7 Petronas 15%…
  42. 1Q 2019 Earnings Presentation – PTTEP – slide 42
    Projects from Murphy Malaysia Acquisition Project Details (2/2) Project Working Interest Oi/Gas Covering Area (km2) 2018 Net Sales Volume Development Phase Rotan Field PTTEP HKO* 56% (Operator) 17.6 Expected first gas in 2H Petronas…
  43. 1Q 2019 Earnings Presentation – PTTEP – slide 43
    Organization structure Ensuring transparency, integrity and good corporate governance Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management Committee…
  44. 1Q 2019 Earnings Presentation – PTTEP – slide 44
    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.…

From the store

Browse maps, data & reports in the Shale Experts store