Skip to main content 3Q 2019 Earnings Presentation – PTTEP | Shale Experts
Loading...
Pm

3Q 2019 Earnings Presentation – PTTEP

PTTEP · Nov 6, 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. 3Q 2019 Earnings Presentation – PTTEP – slide 1
    Q3 2019 Financial Results and Strategy Update Analyst Meeting 6 November 2019
  2. 3Q 2019 Earnings Presentation – PTTEP – slide 2
    Industry Trends Strategy and Growth Financial Performance
  3. 3Q 2019 Earnings Presentation – PTTEP – slide 3
    Industry Trends Strategy and Growth Financial Performance
  4. 3Q 2019 Earnings Presentation – PTTEP – slide 4
    Industry Trends: Oil Market Outlook Price volatility driven by uncertainty of global economy US / Barrel World Oil Consumption Growth 100 IEA cut demand growth forecast several times following 2019 consensus* 2020 consensus* global…
  5. 3Q 2019 Earnings Presentation – PTTEP – slide 5
    Industry Trends: IMO2020 Implications Minor impact to PTTEPs performance HSFO : Historical & Forward Impact and Mitigations Historically, HSFO-Brent Spread has been volatile Product Mix Sensitivity to gas price : HSFO/ Dubai spread Gas…
  6. 3Q 2019 Earnings Presentation – PTTEP – slide 6
    Industry Trends Strategy and Growth Financial Performance
  7. 3Q 2019 Earnings Presentation – PTTEP – slide 7
    PTTEPs priorities Ensuring Smooth Business Transition Acceleration of Exploration Activities G1/61 and G2/61 Focus on Offshore Moattama Fully explore Zawtika Prove up potential in MD-7 Signed Production Sharing Contract Further…
  8. 3Q 2019 Earnings Presentation – PTTEP – slide 8
    Industry Trends Strategy and Growth Financial Performance
  9. 3Q 2019 Earnings Presentation – PTTEP – slide 9
    9M 2019 Key Financial Performance Strong core performance supported by higher volume and gas price Sale Volumes Average Selling Price 336 9M 2018 9M 2019 300 12% YTD Gas (/MMBTU) Liquid (/BBL) 6.24 67.85 6.91 60.82 1% YTD…
  10. 3Q 2019 Earnings Presentation – PTTEP – slide 10
    Financial Position and Guidance Capital Structure 2019 Guidance Healthy balance sheet with low gearing Volumes boost with priorities in business transition for full value realization MMUSD D/E Ratio FY 2019 20,000 19,484 19,837 1.00…
  11. 3Q 2019 Earnings Presentation – PTTEP – slide 11
    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 +66 2 537 4000 IRpttep.com 10
  12. 3Q 2019 Earnings Presentation – PTTEP – slide 12
    Supplementary information Q3 2019 Financial Results 12-18 Sustainability Development 19 Thailand Energy Updates 20-22 Reserves at the Year-end 2018 23 Revised Five-Year Investment Plan 24 Key Project Highlights by Region…
  13. 3Q 2019 Earnings Presentation – PTTEP – slide 13
    Sales Volume & Unit Cost Upward sales volume after completion of acquisitions with competitive cost Sales Volume and Price Unit Cost 400,000 /BOE BOED 335,696 299,206 305,522 300,338 3,258 31.69* 300,000 7,494 62,265 29.05 31.28*…
  14. 3Q 2019 Earnings Presentation – PTTEP – slide 14
    Cash Flow Performance Robust operating cash flow Cash Flow Performance Source & Use of Funds in 9M 2019 Operating Cashflows (LHS) EBITDA Margin (RHS) 3,276 100 MMUSD Operating Cash Flow* (MMUSD) 5,000 4,795** 3,000 Others…
  15. 3Q 2019 Earnings Presentation – PTTEP – slide 15
    Financial Performance : Income Statement Sustained solid EBITDA Q2 19 Q3 19 Q3 18 9M 19 9M 18 Sales and Revenue from Pipeline Transportation (MMUSD) 1,503 1,524 1,367 4,383 3,870 EBITDA (MMUSD) 1,087 1,054 992 3,166 2,836 Net Income…
  16. 3Q 2019 Earnings Presentation – PTTEP – slide 16
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio YE 18 Q3 19 Total Assets (MMUSD) 19,484 19,837 - Cash & cash equivalents * (MMUSD) 4,001 2,093 Total Liabilities (MMUSD) 7,479 7,877 - Interest…
  17. 3Q 2019 Earnings Presentation – PTTEP – slide 17
    Cash Flows : January September 2019 Healthy operating cash flow Unit : MMUSD Operating 2,407 CAPEX & Investment (3,096) Income before tax & non-cash 3,340 CAPEX (PP&E, Intangible asset) (927) adjustment Tax payment (841) +…
  18. 3Q 2019 Earnings Presentation – PTTEP – slide 18
    Debt Maturity Profile As of September 2019 800 700 700 600 USD Millions 500 480 490 400 349 300 200 100 - 2019 2020 2021 2022 2023-2028 2029 2030-2041 2042 Note: Excludes Hybrid bonds Unit: USD Millions or…
  19. 3Q 2019 Earnings Presentation – PTTEP – slide 19
    Sustainable development Pursue long-term growth with social and environmental wellness 2019 DJSI Listed Company PTTEP has been selected as a member of FTSE4Good Emerging Index 2019 the 2019 Dow Jones Sustainability Indices (DJSI)…
  20. 3Q 2019 Earnings Presentation – PTTEP – slide 20
    Thailand Updates Domestic gas volume suppressed by LNG import; Expected THB appreciation continues Thailand Energy Overview Exchange Rate Movement (THB/USD) Natural Gas Supply MMSCFD 37 FY 2017 FY 2018 8M 2019 Domestic Myanmar…
  21. 3Q 2019 Earnings Presentation – PTTEP – slide 21
    Thailands Energy Value Chain PTTEP contributes almost 1/3 of Thailands petroleum production 8M Thailands Oil and Gas Demand 8M2019 Thailand Petroleum Production Midstream Crude Oil & % by Petroleum Type and Area Gas: operated by…
  22. 3Q 2019 Earnings Presentation – PTTEP – slide 22
    Thailands Oil and Gas Balance Oil Balance*** Natural Gas Balance**** Maintains stability supply through adequate refining capacity Main driver of the Thailand economy Import (82%) Indigenous (18%) Gulf of Thailand (67%) Onshore(2%)…
  23. 3Q 2019 Earnings Presentation – PTTEP – slide 23
    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 31% 400 351 71% 5…
  24. 3Q 2019 Earnings Presentation – PTTEP – slide 24
    Revised Five Year Plan* Incorporating growth from recent developments : Murphy and Bidding win of BKT & ERW Unit : KBOED 437 380 409 Rest of World 400 365 345 306 Other SEA 300 Sales Volume 200 Thailand & 100 MTJDA 0 2018 2019…
  25. 3Q 2019 Earnings Presentation – PTTEP – slide 25
    Diversified international portfolio Thailand Oil sands PTTEPs core production base 80% of total sales volume Key producing assets include Bongkot, Arthit, Contract 4 and S1 The PSCs signing of Bongkot (G2/61) and Erawan (G1/61)…
  26. 3Q 2019 Earnings Presentation – PTTEP – slide 26
    Thailand, Myanmar and Malaysia Coming Home to maintain strong foundation with full expertise Thailand Myanmar Bongkot (66.6667% WI) Average natural gas and condensate sales volume 3 producing gas fields supplying gas to both Thailand…
  27. 3Q 2019 Earnings Presentation – PTTEP – slide 27
    Bongkot and Erawan: 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…
  28. 3Q 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. 3Q 2019 Earnings Presentation – PTTEP – slide 29
    Bongkot and Erawan: 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…
  30. 3Q 2019 Earnings Presentation – PTTEP – slide 30
    Other South East Asia countries 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 9M2019 Southwest Vietnam…
  31. 3Q 2019 Earnings Presentation – PTTEP – slide 31
    Mozambique Area 1 FID, on the path of unlocking value from world class LNG asset Substantial recoverable resources of approximately 75 tcf with scalable offshore development expending up to 50 MTPA Location and Cost Advantage Close…
  32. 3Q 2019 Earnings Presentation – PTTEP – slide 32
    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…
  33. 3Q 2019 Earnings Presentation – PTTEP – slide 33
    Acquisition of Partex Partnering with experienced operators in the Middle East PTTEP acquired 100% of the shares in Partex, with total consideration of approximately USD 622 million The major assets are in Oman and UAE which include PDO…
  34. 3Q 2019 Earnings Presentation – PTTEP – slide 34
    World Class Assets under Partex Access to the largest oil asset in Oman and mega Midstream Complex Oman PDO (Block 6) Mukhaizna (Block 53) Oman LNG Largest asset covering around 1/3 Largest single onshore producing field The only LNG…
  35. 3Q 2019 Earnings Presentation – PTTEP – slide 35
    America: Mexico, Brazil and Canada -- Entry into high potential petroleum province at exploration phase -- Gulf of Mexico, Mexico Canada Oil Sands Project Overview Operates 100% interest of the Thornbury, Hangingstone and South…
  36. 3Q 2019 Earnings Presentation – PTTEP – slide 36
    LNG Value Chain Investment : MLNG Train 9 First step into midstream LNG business in strategic area of focus MLNG Train 9 Overview Location Bintulu, Sarawak, Malaysia 10% Investment in MLNG Train 9 by PTT Global LNG. Asset Liquefaction…
  37. 3Q 2019 Earnings Presentation – PTTEP – slide 37
    New Business Opportunities Expand value chain, create innovation and step towards long-term sustainability Integrated Energy Solution Cutting Edge Technology Gas to Power for E&P and more UAV E&P Pipeline Power Plant Aerial…
  38. 3Q 2019 Earnings Presentation – PTTEP – slide 38
    Project information 1/3 PTTEPs Partners 9M2019 Average Sales Volume ** Project Status* Phase 2019 Key Activities Share (as Sep 2019) Gas Oil and Other Thailand and JDA Ensure gas deliverability level at DCQ*** Chevron 16% 1 Arthit…
  39. 3Q 2019 Earnings Presentation – PTTEP – slide 39
    Project information 2/3 PTTEPs Share Partners 9M2019 Average Sales Volume ** 2019 Key Activities Project Status* Phase (as of Sep 2019) Gas Oil and Other Thailand and JDA 14 L22/43 OP Production 100% - - Maintain production operation…
  40. 3Q 2019 Earnings Presentation – PTTEP – slide 40
    Project information 3/3 Project Status* Phase PTTEPs Share Partners 2019 Key Activities (as of Sep 2019) Overseas Negotiate the commercial framework with the Myanmar government 9 Myanmar M3 OP Exploration 80% MOECO 20% Perform Front…
  41. 3Q 2019 Earnings Presentation – PTTEP – slide 41
    Projects from Partexs Acquisition Project Details (1/2) Country Project Working Interest Type of Asset/ 2018 Total 2018 Net Sale Status Production volume volume Government of Oman 60% Shell 34% Upstream Oil 610,000 BPD 12,200 BPD 1…
  42. 3Q 2019 Earnings Presentation – PTTEP – slide 42
    Projects from Partexs Acquisition Project Details (2/2) Country Project Working Interest Type of Asset 2018 Total Production 2018 Net Sale volume volume ADNOC* 68% Midstream Gas Shell 15% N/A N/A 5 United Arab Emirates AGP…
  43. 3Q 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. 3Q 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