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NON DEAL ROADSHOW – PTTEP

PTTEP · Nov 17, 2014 · 37 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. NON DEAL ROADSHOW – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Non Deal Roadshow November 17 - 20, 2014
  2. NON DEAL ROADSHOW – PTTEP – slide 2
    Agenda Thai Energy Industry & Company Overview Financial Performance Growth Strategy 3 3 / 18
  3. 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 Energy Demand and Sources Thailand Petroleum Production 2014 Midstream and Downstream Value Chain % by…
  4. NON DEAL ROADSHOW – PTTEP – slide 4
    Thai Energy Reform : Impact on PTTEP Lingering questions 21st Contract 1-3, 5 Bongkot Renewal of 21st Petroleum expiring concessions Bidding Round B5 B6 OCA B7 Production Sharing B8 Contracts B9 Concessions B10…
  5. 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 24nd th largest company on is a subsidiary of PTT Public Company the Stock Exchange of Thailand (SET)…
  6. NON DEAL ROADSHOW – PTTEP – slide 6
    Internationally Diversified and Balanced Portfolio Worldwide operations: 45 projects* in 11 countries Oil Sands Southeast Asia (16) 6 Production 10 Exploration North America (1) Vietnam 1 Exploration Indonesia Thailand (18)…
  7. NON DEAL ROADSHOW – PTTEP – slide 7
    Agenda Thai Energy Industry & Company Overview Financial Performance Growth Strategy 8 8 / 18
  8. NON DEAL ROADSHOW – PTTEP – slide 8
    Sales Volume, Price and Unit Cost Sales 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%…
  9. NON DEAL ROADSHOW – PTTEP – slide 9
    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…
  10. NON DEAL ROADSHOW – PTTEP – slide 10
    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…
  11. NON DEAL ROADSHOW – PTTEP – slide 11
    2014 Outlook Resilient operating performance and 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…
  12. NON DEAL ROADSHOW – PTTEP – slide 12
    Dividend Policy 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% 5.80 6.00 5.40 5.03 5 25% 3.00 3.00…
  13. NON DEAL ROADSHOW – PTTEP – slide 13
    Agenda Thai Energy Industry & Company Overview Financial Performance Growth Strategy 14 14 / 18
  14. NON DEAL ROADSHOW – PTTEP – slide 14
    PTTEP Sustainable Strategy BIG, LONG, STRONG and Sustainable E&P company VISION Become a leading Asian E&P company through technology and green practices A Sustainable Business A Sustainable Organization High Performance…
  15. NON DEAL ROADSHOW – PTTEP – slide 15
    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…
  16. NON DEAL ROADSHOW – PTTEP – slide 16
    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 :…
  17. NON DEAL ROADSHOW – PTTEP – slide 17
    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…
  18. NON DEAL ROADSHOW – PTTEP – slide 18
    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 19
  19. NON DEAL ROADSHOW – PTTEP – slide 19
    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. Corporate Sustainable Development 7. Corporate…
  20. NON DEAL ROADSHOW – PTTEP – slide 20
    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…
  21. NON DEAL ROADSHOW – PTTEP – slide 21
    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…
  22. NON DEAL ROADSHOW – PTTEP – slide 22
    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…
  23. NON DEAL ROADSHOW – PTTEP – slide 23
    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 the full DCQ of 300…
  24. NON DEAL ROADSHOW – PTTEP – slide 24
    Southeast Asia: Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 35.6 KBPD during 9M 2014 Successful drilling of an appraisal well…
  25. NON DEAL ROADSHOW – PTTEP – slide 25
    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…
  26. NON DEAL ROADSHOW – PTTEP – slide 26
    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…
  27. NON DEAL ROADSHOW – PTTEP – slide 27
    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),…
  28. NON DEAL ROADSHOW – PTTEP – slide 28
    Brazil Deepwater Early entry into high petroleum prospects as a platform for new exploration play Barreirinhas AP1 Farm-in 25% from BG Group Operated by BG Group (75% interest) Investment into four offshore blocks Barreirinhas…
  29. NON DEAL ROADSHOW – PTTEP – slide 29
    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…
  30. NON DEAL ROADSHOW – PTTEP – slide 30
    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…
  31. NON DEAL ROADSHOW – PTTEP – slide 31
    PTTEP Projects Information (3 / 4) Project PTTEPs Partners 2014 Key Activities Share Development Phase : Thailand and JDA 23 L22/43 100% Completed 1 Exploration wells Fabrication and installation of Wellhead production facility…
  32. NON DEAL ROADSHOW – PTTEP – slide 32
    PTTEP Projects Information (4 / 4) Project PTTEPs Partners 2014 Key Activities Share Exploration Phase (cont) Overseas (cont) 32 Indonesia South 34% Talisman 33% G&G studies Mandar TOTAL 33% Continue divestment effort 33 Indonesia…
  33. NON DEAL ROADSHOW – PTTEP – slide 33
    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…
  34. NON DEAL ROADSHOW – PTTEP – slide 34
    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…
  35. NON DEAL ROADSHOW – PTTEP – slide 35
    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;…
  36. NON DEAL ROADSHOW – PTTEP – slide 36
    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…
  37. NON DEAL ROADSHOW – PTTEP – slide 37
    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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