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2013 Year end Analyst Meeting – PTTEP

PTTEP · Feb 21, 2014 · 34 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. 2013 Year end Analyst Meeting – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited 2013 Year-end Analyst Meeting Bangkok February 21, 2014 Passion to Explore for a Sustainable Future
  2. 2013 Year end Analyst Meeting – PTTEP – slide 2
    Agenda 2 / 23 Industry Recap and Outlook 2013 Key Achievements and Financial Performance Growth Strategy and Investment Plan 2
  3. 2013 Year end Analyst Meeting – PTTEP – slide 3
    Macroeconomics and Industry Outlook 3 / 23 Global economic growth and uncertainty extends into 2014 Improving global growth trend Political Conflicts US Recovery and QE Tapering Weak private sector confidence EU painful reforms,…
  4. 2013 Year end Analyst Meeting – PTTEP – slide 4
    4 / 23 Oil Prices Slightly softer oil price environment in 2014 driven by increasing N.American Supply US / BBL Dubai Brent Brent Consensus 120 2013 Average Dubai 105.04 US/BBL Range Brent 108.54 US/BBL Brent Average 2014 115 110…
  5. 2013 Year end Analyst Meeting – PTTEP – slide 5
    5 / 23 Upstream M&A Activities 2013 activities mainly focused on sales of conventional assets 2013 Top M&A Deals over 2 Billion Russia: 11.6bn Norway: 2.7bn United States: 3.8bn Kazakhstan: 10.4bn United States: 10.5bn Egypt:…
  6. 2013 Year end Analyst Meeting – PTTEP – slide 6
    Thailand Gas Production and Consumption 6 / 23 Resilient Gas Demand amidst economic uncertainty Gas Production/Consumption vs Real GDP Gas Production/Consumption Real GDP (THB Bn) MMSCFD 10,000 Gas consumption positively correlated…
  7. 2013 Year end Analyst Meeting – PTTEP – slide 7
    7 / 23 LNG Pricing and Henry Hub Progress of US LNG export facilities will impact international gas price parity, Henry Hub futures indicate rebased gas prices from 3/mmbtu to 4/mmbtu US LNG Export Facilities Henry Hub Gas Prices…
  8. 2013 Year end Analyst Meeting – PTTEP – slide 8
    8 / 23 North American Liquid Pipeline Progress Bottleneck to be resolved with additional pipeline capacities Heavy Crude Supply and Takeaway Capacity Expected North American Pipeline Expansions from West Canada 000 BPD 5,000…
  9. 2013 Year end Analyst Meeting – PTTEP – slide 9
    Agenda 9 / 23 Industry Recap and Outlook 2013 Key Achievements and Financial Performance Growth Strategy and Investment Plan 9
  10. 2013 Year end Analyst Meeting – PTTEP – slide 10
    2013 Key Achievements 10 / 23 Strong operations, healthy financial position and excellent safety records Exploration and Production Operations Portfolio Management Highest total production level at 329 KBOED Acquisition of…
  11. 2013 Year end Analyst Meeting – PTTEP – slide 11
    PTTEP Sales Volume and Operating Expenses 11 / 23 Strong average product price offsets higher operating costs Sales Volume and Price Unit Cost BOED Liquid Gas /BOE Cash Cost Unit Cost 292,629 40 300,000 265,047 275,923 33.94…
  12. 2013 Year end Analyst Meeting – PTTEP – slide 12
    2013 Financial Performance 12 / 23 70% EBITDA margin from strong core operations with higher operating cash flows Net Profit Factor Analysis Cash Flow Performance MMUSD MMUSD KBOE/D Recurring Factors Non-Recurring Factors 2,500…
  13. 2013 Year end Analyst Meeting – PTTEP – slide 13
    2013 Financial Position 13 / 23 Healthy capital structure with low gearing and cost of debt MMUSD Capital Structure D/E Ratio 25,000 1.00 21,572 19,637 20,000 0.80 14,131 5,821 5,153 15,000 0.61 0.60 4,023 3,946 3,773…
  14. 2013 Year end Analyst Meeting – PTTEP – slide 14
    Competitive Returns to Shareholders 14 / 23 Consistent top quartile Return on Equity (ROE) performer with solid dividend payout ROE PTTEP vs. Industry Dividend Payment History (No Less Than 30% of Net Income) 40% PTTEPs ROE THB…
  15. 2013 Year end Analyst Meeting – PTTEP – slide 15
    Agenda 15 / 23 Industry Recap and Outlook 2013 Key Achievements and Financial Performance Growth Strategy and Investment Plan 15
  16. 2013 Year end Analyst Meeting – PTTEP – slide 16
    PTTEP Three-Pronged Strategy 16 / 23 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…
  17. 2013 Year end Analyst Meeting – PTTEP – slide 17
    Reserves and Resources Base 17 / 23 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…
  18. 2013 Year end Analyst Meeting – PTTEP – slide 18
    Target Production at 600 KBOED by 2020 BIG 18 / 23 Clear visibility on growth strategy through international growth and opportunistic M&A Production Volume (KBOED) 600 Evaluate New Exploration and M&A Potentials Discovered…
  19. 2013 Year end Analyst Meeting – PTTEP – slide 19
    Effective Investment Allocation 19 / 23 Asset rationalization to sustain strong and competitive performance STRONG Total Expenditures (2014-2018)** = 27 bn 25 bn Acquisitions CAPEX = 17 bn 16 bn MMUS OPEX = 10 bn 9 bn 6,000…
  20. 2013 Year end Analyst Meeting – PTTEP – slide 20
    Strong Positioning in South East Asia 20 / 23 A key growth platform with attractive returns next to home Almost 1/4 of 2014 2018 CAPEX allocated to strengthen contribution from region 22% 27% of total production volume at 400…
  21. 2013 Year end Analyst Meeting – PTTEP – slide 21
    Long-term Prospects in International Hotspots 21 / 23 Large resources base mainly in Canada Oil Sands and Mozambique LNG Over 1/4 of 2014 2018 CAPEX planned to monetize major international assets Other South East Asia 80% of 2.7…
  22. 2013 Year end Analyst Meeting – PTTEP – slide 22
    Target Sales Volume* 22 / 23 Strong home base with solid growth from Southeast Asia 000 BOED 400 7% 11% 347 336 325 322 305 300 293 Other International South East Asia 200 Thailand ** ** Including overlapping area…
  23. 2013 Year end Analyst Meeting – PTTEP – slide 23
    Key Takeaway 23 / 23 Solid Revenue Drivers - Sales volume growth 6% in 2013 ; expected 10% growth in 2014 - Expected gas price of 8 USD / MMBTU and oil price range of 97 102 USD / BBL Continued Exploration Progress - Focus remains…
  24. 2013 Year end Analyst Meeting – PTTEP – slide 24
    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 24
  25. 2013 Year end Analyst Meeting – PTTEP – slide 25
    Supplementary Index 1. 2013 Awards and Recognitions 2. 2014 Key Exploration Activities 3. PTTEP Project Information 4. Corporate Social Responsibility 5. Organization Structure 6. Ratio Formula 25
  26. 2013 Year end Analyst Meeting – PTTEP – slide 26
    2013 Awards and Recognitions Supplementary 1 / 6 Accolades of excellence in operations and management from accredited institutions Management Excellence Board of the Year Awards Financial Excellence Thai Institute of Directors…
  27. 2013 Year end Analyst Meeting – PTTEP – slide 27
    2014 Key Exploration Activities Supplementary 2 / 6 South East Asia exploration and appraisal drilling is the key theme Continue exploring marginal areas to Expand resources base through Explore frontier areas to better maintain…
  28. 2013 Year end Analyst Meeting – PTTEP – slide 28
    PTTEP Projects Information (1/5) Supplementary 3.1 / 6 Project PTTEPs Partners 2013 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Thailand 1 Arthit 80% Chevron 16% 223 MMSCFD - Ensure gas…
  29. 2013 Year end Analyst Meeting – PTTEP – slide 29
    PTTEP Projects Information (2/5) Supplementary 3.2 / 6 Project PTTEPs Partners 2013 Average Sales Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Overseas 15 Oman 44 100% 38 MMSCFD - Drill Exploration /…
  30. 2013 Year end Analyst Meeting – PTTEP – slide 30
    PTTEP Projects Information (3/5) Supplementary 3.3 / 6 Project PTTEPs Partners 2014 Key Activities Share Development Phase : Thailand 22 L22/43 100% Drill 3 Exploration wells Fabrication and installation of Wellhead production…
  31. 2013 Year end Analyst Meeting – PTTEP – slide 31
    PTTEP Projects Information (4/5) Supplementary 3.4 / 6 Project PTTEPs Partners 2014 Key Activities Share Exploration Phase Overseas 30 Algeria Hassi Bir 24.5% CNOOC 24.5% Drill 2 Exploration and 4 Appraisal wells Rekaiz Sonatrach…
  32. 2013 Year end Analyst Meeting – PTTEP – slide 32
    PTTEP Projects Information (5/5) Supplementary 3.5 / 6 PTTEP projects relinquished during 2013 Project PTTEPs Partners Key Activities Share Australia WA-423-P 30% Murphy 40% Completed the relinquishment of permit in 1Q 2013…
  33. 2013 Year end Analyst Meeting – PTTEP – slide 33
    Corporate Social Responsibility Supplementary 4 / 6 From Natural Treasure to Intellectual Wisdom and Environmental Conservation Conservation of Natural & Environment Resources The Reforestation Project 200,000 Rais (accumulation from…
  34. 2013 Year end Analyst Meeting – PTTEP – slide 34
    Corporate Structure Supplementary 5 / 6 Board of Directors and several committees to ensure transparency and integrity 34

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