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OPPORTUNITY DAY: YEAR END 2013 – PTTEP

PTTEP · Mar 5, 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. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Opportunity Day: Year-end 2013 Stock Exchange of Thailand March 5, 2014 Passion to Explore for a Sustainable Future
  2. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 2
    Agenda Company Overview and Industry Update 2013 Key Achievements and Financial Performance Growth Strategy and Investment Plan 2 2 / 21
  3. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 3
    Leading Regional Exploration and Production Company Largest publicly-listed E&P company in Southeast Asia PTTEP is the 3rd largest company on is a subsidiary of PTT Public Company the Stock Exchange of Thailand (SET) Limited…
  4. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 4
    Internationally Diversified and Balanced Portfolio Worldwide operations: 42* projects in 10 countries Thailand (18) South East Asia (15) 14 Production 5 Production North America (1) 1 Development 1 Development 1 Exploration 3…
  5. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 5
    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 115 110 104.38…
  6. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 6
    Agenda Company Overview and Industry Update 2013 Key Achievements and Financial Performance Growth Strategy and Investment Plan 6 6 / 21
  7. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 7
    2013 Key Achievements Strong operations, healthy financial position and excellent safety records Exploration and Production Operations Portfolio Management Highest total production level at 329 KBOED Acquisition of producing asset…
  8. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 8
    PTTEP Sales Volume and Operating Expenses 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 32.22…
  9. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 9
    2013 Financial Performance 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 Sales…
  10. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 10
    2013 Financial Position 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 10,000 0.35…
  11. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 11
    Competitive Returns to Shareholders 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 per 1H…
  12. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 12
    Agenda Company Overview and Industry Update 2013 Key Achievements and Financial Performance Growth Strategy and Investment Plan 1212 / 21
  13. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 13
    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…
  14. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 14
    Reserves and Resources Classification 1414 / 21
  15. OPPORTUNITY DAY: YEAR END 2013 – 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. OPPORTUNITY DAY: YEAR END 2013 – 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. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 17
    Effective Investment Allocation 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 Before KKD…
  18. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 18
    Strong Positioning in South East Asia 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 KBOED by…
  19. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 19
    Long-term Prospects in International Hotspots 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 bn BOE 2C…
  20. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 20
    Target Sales Volume* 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 100 0…
  21. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 21
    Key Takeaway 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 in…
  22. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 22
    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 22
  23. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 23
    Supplementary Index 1. Industry Recap and Outlook 2. 2013 Awards and Recognitions 3. 2014 Key Exploration Activities 4. PTTEP Project Information 5. Corporate Social Responsibility 6. Organization Structure 7. Ratio…
  24. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 24
    Macroeconomics and Industry Outlook 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, and…
  25. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 25
    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:…
  26. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 26
    Thailand Gas Production and Consumption 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 6,000…
  27. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 27
    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 /MMBTU…
  28. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 28
    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…
  29. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 29
    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…
  30. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 30
    2014 Key Exploration Activities 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 domestic production…
  31. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 31
    PTTEP Project Information (1 / 5) Project PTTEPs Partners Content 2013 ceiling Average Salescut-off Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Thailand 1 Arthit 80% Chevron 16% 223 MMSCFD - Ensure gas…
  32. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 32
    PTTEP Project Information (2 / 5) Content ceiling cut-off 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 /…
  33. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 33
    PTTEP Project Information (3 / 5) Content ceiling cut-off Project PTTEPs Partners 2014 Key Activities Share Development Phase : Thailand 22 L22/43 100% Drill 3 Exploration wells Fabrication and installation of Wellhead production…
  34. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 34
    PTTEP Project Information (4 / 5) Content ceiling cut-off Project PTTEPs Partners 2014 Key Activities Share Exploration Phase Overseas (cont) 30 Algeria Hassi Bir 24.5% CNOOC 24.5% Drill 2 Exploration and 4 Appraisal wells Rekaiz…
  35. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 35
    PTTEP Project Information (5 / 5) Content ceiling cut-off 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…
  36. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 36
    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;…
  37. OPPORTUNITY DAY: YEAR END 2013 – PTTEP – slide 37
    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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