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Q3 2014 ANALYST MEETING – PTTEP

PTTEP · Nov 10, 2014 · 29 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. Q3 2014 ANALYST MEETING – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Q3 2014 Analyst Meeting Bangkok November 10, 2014
  2. Q3 2014 ANALYST MEETING – PTTEP – slide 2
    PTTEP as a Corporate Role Model Pursuing long-term growth hand-in-hand with social and environmental well-being 2014 DJSI Listed Company Certified Member Dow Jones Sustainability World Index Thailand's Private Sector Collective…
  3. Q3 2014 ANALYST MEETING – PTTEP – slide 3
    Agenda Industry Update 9M 2014 Financial Performance Q3 2014 Key Achievements and Near-term Outlook 4 4 / 16
  4. Q3 2014 ANALYST MEETING – PTTEP – slide 4
    Oil Prices Adjusting to long-term fundamentals Brent Brent Forward * Min-Max Range Geopolitical Drivers of Brent Forwards** Dubai Dubai Forward * US coalition against ISIS reduced supply concerns out of the Middle East US /…
  5. Q3 2014 ANALYST MEETING – PTTEP – slide 5
    Upstream M&A Trends Year-to-date large-sized M&A activity surpasses 2013 YTD 9M vs. 2012-13 Full Year US Unconventional - Highlight Transaction Value & Deal Count Announced: 29 September 2014 Commentary: Deal Size: US 7.1 billion…
  6. Q3 2014 ANALYST MEETING – PTTEP – slide 6
    E&P Costs Enhance value creation through cost optimization 1. Industry wide cost inflation 3.requires promotion of cost enhancement US/BOE US/BBL Costs Brent 60.00 120 Capital spending reduction by 5% in 2014 Brent Capex…
  7. Q3 2014 ANALYST MEETING – PTTEP – slide 7
    Thai Upstream Energy Reform Progress is imperative for energy security Thai Energy Supply at Risk Pending Issues and Progress Million Cubic Feet per Day 1000 BTU/SCF 8,000 Gas Expiring 21st Bidding Thai Cambodia Fiscal Demand…
  8. Q3 2014 ANALYST MEETING – PTTEP – slide 8
    Agenda Industry Update 9M 2014 Financial Performance Q3 2014 Key Achievements and Near-term Outlook 9 9 / 16
  9. Q3 2014 ANALYST MEETING – PTTEP – slide 9
    Sales Volume, Price and Unit Cost Sale Volume Growth offset by Lower Price Sales Volume and Price Unit Cost Liquid Gas KBOED /BOE Cash Cost Unit Cost 292,629 313,324 300,000 275,923 50 104,147 42.22 C 92,609 100,831 35.82 33%…
  10. Q3 2014 ANALYST MEETING – PTTEP – slide 10
    9M 2014 Earnings Contributions Lower net income mainly from higher DD&A expense Net Income ( MMUSD ) 2,500 +231 + 47 -606 2,000 +334 1,608 - 92 - 64 1,500 - 34 -7 1,417 1,000 500 0 9M 13 9M 13 Sales Income tax Other…
  11. Q3 2014 ANALYST MEETING – PTTEP – slide 11
    9M 2014 Cash Flow Performance Strong operating cash flows from stronger sales volume Source & Use of Funds 9M 2014 Cash Flow Performance MMUSD MMUSD KBOE/D 400 5,172 5,000 5,000 3,675 Sales Volume 3,983 4,000 4,000 3,470…
  12. Q3 2014 ANALYST MEETING – PTTEP – slide 12
    9M 2014 Financial Position Healthy capital structure with low gearing and cost of debt Capital Structure D/E Ratio MMUSD 25,000 23,015 1.00 21,572 20,000 19,637 5,442 0.80 5,830 5,153 15,000 4,256 0.60 4,023 3,773 10,000…
  13. Q3 2014 ANALYST MEETING – PTTEP – slide 13
    Agenda Industry Update 9M 2014 Financial Performance Q3 2014 Key Achievements and Near-term Outlook 1414 / 16
  14. Q3 2014 ANALYST MEETING – PTTEP – slide 14
    Q3 2014 Key Achievements Zawtika full production contributes a major leap to volume and cash flow growth Focus Areas Key Accomplishments Kick-off Myanmar exploration and appraisal drilling Drilling Activities Signed PSC agreement…
  15. Q3 2014 ANALYST MEETING – PTTEP – slide 15
    2014 Outlook with Emphasis on Cost Optimization 2014 Expected Sales 2014 Expected 2014 Expected Volume Growth EBITDA Margin Operating Cash Flow 8% 70% 4.0 solid growth mainly through low cost billion USD to become from Southeast…
  16. Q3 2014 ANALYST MEETING – PTTEP – slide 16
    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 17
  17. Q3 2014 ANALYST MEETING – PTTEP – slide 17
    Supplementary Index 1. Q3 2014 Key Activities 2. Algeria Bir Seba Project Progress 3. Q3 2014 Safety, Awards and Corporate Activities 4. Operating and Financial Performance Details 5. PTTEP Project Information 6.…
  18. Q3 2014 ANALYST MEETING – PTTEP – slide 18
    Q3 2014 Key Activities New startups delivered; Shifting emphasis to exploration activities in Myanmar Q3 2014 Analyst Meeting Focus Areas Country Key Projects Status Q3 2014 Q4 2014 2015 Brazil Barrerinhas AP1 Ongoing Seismic +…
  19. Q3 2014 ANALYST MEETING – PTTEP – slide 19
    Algeria Bir Seba (Block 433a & 416b) On-target for production start-up by year end Construction progress on-track for first production by end of 2014 at planned capacity of 20,000 BPD ALGERIA Central Temporary Living…
  20. Q3 2014 ANALYST MEETING – PTTEP – slide 20
    Q3 2014 Safety, Awards and Corporate Activities Ensuring the safety and well-being of our employees and surrounding communities Recognition of Well-roundedness for Business Excellence and Social Contribution Best Senior Management IR…
  21. Q3 2014 ANALYST MEETING – PTTEP – slide 21
    PTTEP Sales Volume and Average Product Price Sales volume growth offset by lower prices Sales Volume Liquid BOED Gas 315,810 325,248 313,324 300,000 286,578 290,240 107,791 103,937 Q3 2014 104,147 98,632 100,848 Volume Mix…
  22. Q3 2014 ANALYST MEETING – PTTEP – slide 22
    Operating Performance Lower lifting cost mainly from lower maintenance cost & higher volume Cash Cost Unit Cost /BOE 50 43.42 44.01 * 42.22 (US/BOE) Q2 14 Q3 14 Q3 13 9M 14 9M 13 40 35.72 34.22 30 Lifting Cost 5.83 5.20 5.05…
  23. Q3 2014 ANALYST MEETING – PTTEP – slide 23
    Financial Performance : Income Statement EBITDA margin maintains at level of 70% Q2 14 Q3 14 Q3 13 9M 14 9M 13 Sales Revenue* (MMUS) 1,980 1,996 1,814 5,789 5,469 EBITDA (MMUS) 1,409 1,409 1,280 4,086 3,944 Net Profit (MMUS) 560…
  24. Q3 2014 ANALYST MEETING – PTTEP – slide 24
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings: BBB+ (S&P), Baa1 (Moodys) , AAA (TRIS) Q2 14 Q3 14 Q3 13 9M 14 9M 13 Total Assets (MMUS) 22,877 23,015 20,828 23,015 20,828 - Cash &…
  25. Q3 2014 ANALYST MEETING – PTTEP – slide 25
    PTTEP Projects Information (1 / 4) Project PTTEPs Partners 9M 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Thailand and JDA 1 Arthit 80% Chevron 16% 215 MMSCFD - Ensure gas deliverability…
  26. Q3 2014 ANALYST MEETING – PTTEP – slide 26
    PTTEP Projects Information (2 / 4) Project PTTEPs Partners 9M 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Overseas 15 Oman 44 100% 28 MMSCFD - Drill Exploration / Appraisal wells…
  27. Q3 2014 ANALYST MEETING – PTTEP – slide 27
    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…
  28. Q3 2014 ANALYST MEETING – PTTEP – slide 28
    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…
  29. Q3 2014 ANALYST MEETING – PTTEP – slide 29
    Corporate Structure Board of Directors and several committees to ensure transparency and integrity Board of Directors Nominating Committee Corporate Governance Committee Remuneration Committee Audit Committee Risk Management…

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