Investor Presentation Finansia Investment Conference, Bangkok 13 January 2020 Energy Partner of Choice
2019 Highlights Strategy and Growth Financial Performance Energy Partner of Choice
Key Achievements in 2019 The Year of Expand Bongkot and Erawan Acquisition of Partex FID of Mozambique Gas discovery in PSC Signing in the Middle East Area 1 Project SK410B Project Acquisition of APICOs interest from Tatex…
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)…
2019 Highlights Strategy and Growth Financial Performance Energy Partner of Choice
Investment Strategy 2020 : The Year of Execute Acceleration of Full Value Creation on Exploration Activities Existing Assets Malaysia Sustain plateau on legacy Develop cluster with operational assets Ensuring Smooth synergy and…
Business Transition Plan Ensuring production continuity G1/61 and G2/61: Supply 80% of natural gas production in Thailand Concrete transition plan: Staff and Job Handover Agreement Preliminary Detailed Facilities and Common Use of…
Exploration Plan in 2020 Accelerate Exploration activities mainly in Malaysia 2020 Budget CAPEX 281 MMUSD 343 MMUSD OPEX 62 MMUSD 1 well 3 wells in UAE in Myanmar 2 wells 1 well in Mexico in Thailand 11 wells in…
Five Year Plan : Sales Volume Strong base volumes in South East Asia Unit : KBOED 500 450 464 467 388 403 Rest of World 400 348 Other SEA 300 200 Thailand & MTJDA 100 0 2019* 2020 2021 2022 2023 2024 Key Project Start-up…
Five Year Plan : Investment Plan Support current operations, business transitions and drive development projects for near term volume additions 5 Years (2020 2024) Unit : MMUSD CAPEX 14,239 OPEX 10,380 6,000 5,559 5,337 5,335 TOTAL…
2019 Highlights Strategy and Growth Financial Performance Energy Partner of Choice
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…
Financial Position and Dividends Capital Structure Dividend Payment History Healthy balance sheet with low gearing MMUSD D/E Ratio Policy : No Less Than 30% of Net Income 20,000 19,484 19,837 1.00 THB per share 5,533 5,680 6.00…
Outlook & Takeaways 2019 Guidance PTTEPs Priorities Volumes boost with priorities in business transition for full value realization FY 2019 Average Ensuring Smooth Business Transition Sales Volume 348 KBOED Acceleration of…
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 Energy Partner of Choice 16
Supplementary information Q3 2019 Financial Results 18-23 Industry and Thailand Energy Updates 24-28 Reserves at the Year-end 2018 29 Key Project Highlights by Region 30-42 Project Details 43-47 Organization Structure 48…
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*…
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…
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…
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) +…
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…
Industry Trends: IMO2020 Implications Minor impact to PTTEPs performance IMO 2020 Regulations Impact and Mitigations From January 1st, 2020, New Sulphur regulations will limit Sulphur emission in all marine fuels Product Mix…
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 2020 consensus* global economics…
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 FY 2017 FY 2018 8M 2019 Domestic Myanmar LNG…
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…
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%)…
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…
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)…
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…
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…
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…
Malaysian Assets A new growth platform for PTTEP in South East Asia With completion of Murphy's acquisition, PTTEP has become the 3rd Largest player by resources size in Malaysia Diversified portfolio, with expected contribution…
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…
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…
Acquisition of Partex Partnering with experienced operators in the Middle East PTTEP acquired 100% shares in Partex, which completed on 4 November 2019 The major assets are in Oman and UAE which include PDO (Block 6), the largest oil…
The Middle East : 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…
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…
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…
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…
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…
Project information 1/5 PTTEPs Partners 9M2019 Average Sales Volume ** Project Status* Phase 2020 Key Activities Share (as Sep 2019) Gas (MMSCFD) Liquid (KBPD) Thailand and JDA Chevron 16% Ensure gas deliverability level at DCQ*** 1…
Project information 2/5 PTTEPs Share Partners 9M2019 Average Sales Volume ** 2020 Key Activities Project Status* Phase (as of Sep 2019) Gas (MMSCFD) Liquid (KBPD) Thailand and JDA 14 L22/43 OP Production 100% - - Maintain production…
Project information 3/5 PTTEPs Share Partners 9M2019 Average Sales Volume ** 2020 Key Activities Project Status* Phase (as of Sep 2019) Gas (MMSCFD) Liquid (KBPD) Others SEA Palang Sophon 10% MOECO 10% G&G studies 8 Myanmar MOGE 3…
Project information 4/5 PTTEPs Share Partners 9M2019 Average Sales Volume ** 2020 Key Activities Project Status* Phase (as of Sep 2019) Gas (MMSCFD) Liquid (KBPD) Other International AC/RL7 (Cash Maple): under the evaluation of…
Project information 5/5 PTTEPs Share Partners 9M2019 Average Sales Volume ** 2020 Key Activities Project Status* Phase (as of Sep 2019) Gas (MMSCFD) Liquid (KBPD) Other International Total 30% Sonangol 30% A part of Partex…
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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