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CIMB Non Deal Roadshow – PTTEP

PTTEP · Sep 3, 2014 · 35 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. CIMB Non Deal Roadshow – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited CIMB Non-Deal Roadshow Sep 3 - 5, 2014 Passion to Explore for a Sustainable Future
  2. CIMB Non Deal Roadshow – PTTEP – slide 2
    Agenda Thai Energy Industry & Company Overview Growth Strategy Financial Performance 3 3 / 17
  3. CIMB Non Deal Roadshow – PTTEP – slide 3
    Supporting Thailands Energy Supply Chain Thailand is a net energy importer, and needs to secure energy supply Integration with Midstream and Energy Demand and Sources Downstream Value Chain Crude Oil & 1.0 m Midstream 49%…
  4. CIMB Non Deal Roadshow – PTTEP – slide 4
    Thai Energy Reform: Upstream E&P Lingering Questions 21st Contract 1-3, 5 Bongkot Continuation of 21st Petroleum expiring concessions Bidding Round B5 B6 OCA B7 Production Sharing B8 Contracts B9 Concessions B10…
  5. CIMB Non Deal Roadshow – PTTEP – slide 5
    Leading Regional Exploration and Production Company Largest publicly-listed E&P company in Southeast Asia (SEA) PTTEP is the 2nd largest company on is a subsidiary of PTT Public Company the Stock Exchange of Thailand (SET) Limited…
  6. CIMB Non Deal Roadshow – PTTEP – slide 6
    Internationally Diversified and Balanced Portfolio Worldwide operations: 44 projects* in 11 countries Thailand (18) Southeast Asia (16) 14 Production 6 Production North America (1) 1 Development 10 Exploration 1 Exploration 3…
  7. CIMB Non Deal Roadshow – PTTEP – slide 7
    Agenda Thai Energy Industry & Company Overview Growth Strategy Financial Performance 8 8 / 17
  8. CIMB Non Deal Roadshow – PTTEP – slide 8
    PTTEP Three-Pronged Strategy Balanced approach to become a BIG, LONG and STRONG E&P company VISION Become a leading Asian E&P company through technology and green practices BIG Production target of 600 KBOED by 2020 LONG…
  9. CIMB Non Deal Roadshow – PTTEP – slide 9
    Reserves and Resources Base Large resources base to support sustainable growth LONG Reserves / 2013 by Geography MMBOE Resource Life* Domestic International 5,000 4,406 4,406 37 Years 3,986 4,000 74% 3,217 1,706 3,000 2,700…
  10. CIMB Non Deal Roadshow – PTTEP – slide 10
    Target Production at 600 KBOED by 2020 BIG Clear visibility on growth strategy through international growth and opportunistic M&A Production Volume (KBOED) 600 Evaluate New Exploration and M&A Potentials Discovered Prospects :…
  11. CIMB Non Deal Roadshow – PTTEP – slide 11
    Effective Investment Allocation Asset rationalization to sustain strong and competitive performance STRONG Total Expenditures (2014-2018)* = 25 bn Acquisitions CAPEX = 16 bn MMUS OPEX = 9 bn 6,000 328 2,010 1,679 1,742 4,000…
  12. CIMB Non Deal Roadshow – PTTEP – slide 12
    Agenda Thai Energy Industry & Company Overview Growth Strategy Financial Performance 13 13 / 17
  13. CIMB Non Deal Roadshow – PTTEP – slide 13
    Sales Volume, Price and Unit Cost Record volume coupled with higher prices Sales Volume and Price Unit Cost Liquid Gas Cash Cost Unit Cost BOED /BOE 292,629 307,263 40 39.43 C 300,000 275,923 32.22 33.94 104,254 92,609 100,831…
  14. CIMB Non Deal Roadshow – PTTEP – slide 14
    1H 2014 Cash Flow Performance Strong operating cash flows from stronger sales volume Cash Flow Performance Source & Use of Funds 1H 2014 MMUSD MMUSD KBOE/D 4,000 3,761 4,000 400 3,675 3,470 2,908 3,000 3,000 300 Sales…
  15. CIMB Non Deal Roadshow – PTTEP – slide 15
    1H 2014 Financial Position Healthy capital structure with low gearing and cost of debt Capital Structure D/E Ratio MMUSD 25,000 1.00 22,877 21,572 20,000 19,637 5,352 0.80 5,830 5,153 15,000 4,274 0.60 4,023 3,773 10,000…
  16. CIMB Non Deal Roadshow – PTTEP – slide 16
    Dividend 1H 2014 Consistent and solid dividend payout Dividend Payment History (No Less Than 30% of Net Income) 1H 2H Payout Ratio THB per share 10 50% Payout Ratio 40% 40% 40% 40% 38% 6.00 5.80 5.40 5.03 5 25% 3.00…
  17. CIMB Non Deal Roadshow – PTTEP – slide 17
    Q&A Exploring new horizons, we take every step as learning For more information, please visit our website at http://www.pttep.com OR Contact us via email address at IRpttep.com OR Call us at +66 2 537 4000 18
  18. CIMB Non Deal Roadshow – PTTEP – slide 18
    Supplementary Index 1. Thailands Energy Outlook 2. Relationship with PTT Plc 3. Overview of PTTEPs Key Focus Areas 4. PTTEP Project Information 5. PTTEP Management Team 6. 2013 Awards and Recognitions 7. Corporate Social…
  19. CIMB Non Deal Roadshow – PTTEP – slide 19
    Thailands Energy Outlook Natural gas energy for the future KBOED Energy Consumption Gas Consumption 2,800 MMSCFD Nuclear 1000 BTU 1% Hydro 2,400 5,500 2014 0% 4% Coal & Lignite 5,000 2,000 2.3 % 19% 2012 15.6 % 4,500 1,600…
  20. CIMB Non Deal Roadshow – PTTEP – slide 20
    Strong Relationship with Majority Shareholder Leveraged and supported by PTT and the Thai Government Ownership Structure1 PTTEP is the flagship oil & gas exploration and production arm of PTT, and is critical to the Thai Economy…
  21. CIMB Non Deal Roadshow – PTTEP – slide 21
    Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots production capacity of close to 1 Bcf/d represents approximately 20% of Thailands natural gas supply Average natural gas…
  22. CIMB Non Deal Roadshow – PTTEP – slide 22
    Southeast Asia: Myanmar A significant contributor to growth, with high potential blocks Zawtika (80% interest) Began delivering gas to Myanmar in March 2014, and to Thailand in August 2014 Currently delivering at full DCQ of 300…
  23. CIMB Non Deal Roadshow – PTTEP – slide 23
    Southeast Asia: Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 35.7 KBPD in 1H 2014 Successful drilling of an appraisal well in…
  24. CIMB Non Deal Roadshow – PTTEP – slide 24
    East Africa: Mozambique A region positioned for the Asia LNG Market Area 1 (8.5% interest) Advancing towards 50 MMTPA Abundant resource based estimated at 50 to 70+ TCF of recoverable natural gas Reserve certification sufficient…
  25. CIMB Non Deal Roadshow – PTTEP – slide 25
    Australia Ensuring smooth Montara production ramp-up and Cash/Maple development Montara (100% interest) First production began in June 2013 through the Montara Venture FSPO Currently producing from 8/9 wells at an average rate…
  26. CIMB Non Deal Roadshow – PTTEP – slide 26
    Canada Mariana Oil Sands Flexibility to pursue strategic direction in the long-term growth project The Asset Swap On 28 May 2014, the conditions precedent to closing, prescribed in the Partnership Unit Redemption Agreement (PURA),…
  27. CIMB Non Deal Roadshow – PTTEP – slide 27
    PTTEP Projects Information (1 / 4) Project PTTEPs Partners 1H 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Thailand and JDA 1 Arthit 80% Chevron 16% 217 MMSCFD - Ensure gas deliverability…
  28. CIMB Non Deal Roadshow – PTTEP – slide 28
    PTTEP Projects Information (2 / 4) Project PTTEPs Partners 1H 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Overseas 15 Oman 44 100% 27 MMSCFD - Drill Exploration / Appraisal wells…
  29. CIMB Non Deal Roadshow – PTTEP – slide 29
    PTTEP Projects Information (3 / 4) Project PTTEPs Partners 2014 Key Activities Share Development Phase : Thailand and JDA 23 L22/43 100% Drill 3 Exploration wells Fabrication and installation of Wellhead production facility Overseas…
  30. CIMB Non Deal Roadshow – PTTEP – slide 30
    PTTEP Projects Information (4 / 4) Project PTTEPs Partners 2014 Key Activities Share Exploration Phase (cont) Overseas (cont) 32 Indonesia South 34% Talisman 33% Negotiation with Total (Operatorship transfer & Carry cost) Mandar TOTAL…
  31. CIMB Non Deal Roadshow – PTTEP – slide 31
    PTTEP Management Team Extensive experience and widely recognized in the petroleum industry Tevin VongvanichDirector, President & Chief Executive Officer Experience: CFO, PTT PCL; Director, PTT Aromatics and Refining PCL, PTT Chemical…
  32. CIMB Non Deal Roadshow – PTTEP – slide 32
    2013 Awards and Recognitions Accolades of excellence in operations and management from accredited institutions Management Excellence Board of the Year Awards Financial Excellence Thai Institute of Directors Association Top…
  33. CIMB Non Deal Roadshow – PTTEP – slide 33
    Corporate Social Responsibility Committed to Sustainable Development through Environmental Conservation and Community Development everywhere we operate Canada Myanmar LEGEND Oman Cultural Heritage Preservation 5 Sites;…
  34. CIMB Non Deal Roadshow – PTTEP – slide 34
    Human Rights Emphasis on the well-being of employees, partners and customers PTTEP Is responsible for labor rights in any operational area, strictly prohibiting child labor and forced labor Makes fair employment and fosters safe…
  35. CIMB Non Deal Roadshow – PTTEP – slide 35
    Corporate Structure Board of Directors and committees to ensure transparency and integrity Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…

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