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SET THANACHART NON DEAL ROADSHOW – PTTEP

PTTEP · Jun 23, 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. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited SET-Thanachart Non-Deal Roadshow June 23 - 26, 2014 Passion to Explore for a Sustainable Future
  2. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 2
    Agenda Company Overview Financial Performance Growth Strategy 4 4 / 17
  3. SET THANACHART 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 42%…
  4. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 4
    Leading Regional Exploration and Production Company Largest publicly-listed E&P company in Southeast Asia (SEA) PTTEP is the 3rd largest company on is a subsidiary of PTT Public Company the Stock Exchange of Thailand (SET) Limited…
  5. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 5
    Internationally Diversified and Balanced Portfolio Worldwide operations: 42 projects* in 10 countries Thailand (18) Southeast Asia (15) 14 Production 6 Production North America (1) 1 Development 9 Exploration 1 Exlporation 3…
  6. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 6
    Agenda Company Overview Financial Performance Growth Strategy 8 8 / 17
  7. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 7
    Sales Volume, Price and Unit Cost Montara: higher volume at higher cost Sales Volume and Price Unit Cost BOED Liquid Gas /BOE Cash Cost Unit Cost 298,621 C 292,629 40 37.35 300,000 275,923 33.94 32.22 100,831 100,678 92,609…
  8. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 8
    Financial Performance Strong cash generation from operations with EBITDA margins maintained at approximately 70% Cash Flow Performance Source & Use of Funds 2013 MMUSD KBOE/D MMUSD 5,000 Sales Volume 280 5,000 4,175 4,110 4,000…
  9. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 9
    Q1 2014 Financial Position Healthy capital structure with low gearing and cost of debt Capital Structure D/E Ratio MMUSD 25,000 1.00 21,572 22,086 20,000 19,637 0.80 5,830 6,382 5,153 15,000 0.60 4,023 4,015 3,773 10,000…
  10. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 10
    Competitive Returns to Shareholders Consistent and solid dividend payout Dividend Payment History (No Less Than 30% of Net Income) 1H 2H Payout Ratio THB per share 10 50% 40% 40% 40% 40% 38% Payout Ratio 5.80 6.00 5.40…
  11. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 11
    Agenda Company Overview Financial Performance Growth Strategy 13 13 / 17
  12. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 12
    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…
  13. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 13
    Strong Reserves Base Expanding reserves base via international projects to sustain LONG future growth 2013 by Geography MMBOE Reserves Life* Domestic International 2,000 1,867 1,786 1,706 1,706 14 Years 53% 898 885 846 860…
  14. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 14
    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 :…
  15. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 15
    Effective Investment Allocation To support ongoing operations and develop upcoming contributions STRONG Total Expenditures (2014-2016)* = 15.4 bn CAPEX = 10.0 bn MMUSD OPEX = 5.4 bn 6,000 5,000 2,010 1,679 4,000 1,671…
  16. SET THANACHART NON DEAL ROADSHOW – 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 18
  17. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 17
    Supplementary Index 1. Thailands Energy Outlook 2. Relationship with PTT PCL 3. Overview of PTTEPs Key Focus Areas 4. PTTEP Project Information 5. PTTEP Management Team 6. 2013 Awards and Recognitions 7. Corporate Social…
  18. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 18
    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…
  19. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 19
    Strong Relationship with Majority Shareholder Leveraged and supported by PTT and the Thai Government Ownership Structure1 PTTEP is the sole upstream oil & gas arm of PTT and is critical to the Thai Economy PTTEP supplies…
  20. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 20
    Thailand Strong home base with legacy assets maintaining production plateau Bongkot (44.4% interest) Bongkots production capacity of approximately 1 Bcf/d represents approximately 20% of Thailands natural gas supply Average…
  21. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 21
    Southeast Asia: Myanmar A significant contributor to growth, with high potential blocks Zawtika (80% interest) Successfully delivered gas to Myanmar in Q1 2014 In process of completing construction and commissioning of onshore…
  22. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 22
    Southeast Asia: Vietnam and Indonesia Reinforcing regional exposure through strategic partnerships Vietnam 16-1 (28.5% interest) Average crude oil sales volume of 34,673 BPD in Q1 2014 Successful drilling of an appraisal well in…
  23. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 23
    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…
  24. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 24
    Australia Ensuring smooth Montara production ramp-up and Cash/Maple development Montara (100% interest) Developing via an FPSO and wellhead platform located at the field First production began in June 2013 through the introduction…
  25. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 25
    Canadian 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), have…
  26. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 26
    PTTEP Projects Information (1 / 5) Project PTTEPs Partners Q1 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Thailand and JDA 1 Arthit 80% Chevron 16% 225 MMSCFD - Ensure gas deliverability…
  27. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 27
    PTTEP Projects Information (2 / 5) Project PTTEPs Partners Q1 2014 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Overseas 15 Oman 44 100% 30 MMSCFD - Drill Exploration / Appraisal wells…
  28. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 28
    PTTEP Projects Information (3 / 5) 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…
  29. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 29
    PTTEP Projects Information (4 / 5) Project PTTEPs Partners 2014 Key Activities Share Exploration Phase (cont) Overseas (cont) 31 Indonesia Semai II 28.33% Murphy 28.33% Drill 2 Exploration wells INPEX 28.33% G&G Studies PT Pertamina…
  30. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 30
    PTTEP Projects Information (5 / 5) PTTEP newly joined projects after March 31, 2014 Project PTTEPs Partners Key Activities Share Exploration Phase Overseas Barreirinhas AP1 * 25% BG Brasil 75% 3D seismic acquisition PTTEP…
  31. SET THANACHART 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. SET THANACHART 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. SET THANACHART 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. SET THANACHART 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. SET THANACHART NON DEAL ROADSHOW – PTTEP – slide 35
    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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