Skip to main content CalGems Conference – PTTEP Investor Presentation | Shale Experts
Loading...
Pm

CalGems Conference – PTTEP

PTTEP · Jun 6, 2014 · 47 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. CalGems Conference – PTTEP – slide 1
    CalGEMs Conference 2014 June 2-6, 2014
  2. CalGems Conference – PTTEP – slide 2
    Contents Overview Performance Q2/14 Outlook Overview Performance Q2/14 Outlook 1
  3. CalGems Conference – PTTEP – slide 3
    Oil Balance Thailand: Jan-Mar 2014 Adequate refining capacity maintains the stability of supply Overview Performance Q2/2014 Outlook Supply Production Sales Import (81%) Domestic Imported Refined Petroleum Products 96 KBD 932KBD…
  4. CalGems Conference – PTTEP – slide 4
    Natural Gas Balance: Jan Mar 2014 Main driver of the Thai economy Overview Performance Q2/2014 Outlook Supply Production Sales Ethane/ Gulf of Thailand (80%) Propane/ LPG/NGL Petrochemical Feedstock Chevron (15%) Others 32%…
  5. CalGems Conference – PTTEP – slide 5
    PTT is Thailands Largest Energy Company Overview Performance Q2/2014 Outlook PTT Public Limited Company (PTT) Robust revenue and Net Income growth since IPO (MMUSD) Largest company on Thai Stock exchange 94,756 Market cap US27bn1 or…
  6. CalGems Conference – PTTEP – slide 6
    PTTs Strategic Importance to Thailand Overview Performance Q2/2014 Outlook Ministry of Finance holds majority stake in PTT PTT ratings at Thai sovereign level Public 34% Thai Ministry Foreign 17% of Finance 51% Kingdom of Thai…
  7. CalGems Conference – PTTEP – slide 7
    Our Major Businesses & Activities Overview Performance Q2/2014 Outlook Business Areas Company PTTs holding (%) Activities Upstream E&P PTTEP 65.29% Exploration and Production PTT PLC Intermediate Gas Pipeline 100% Sole…
  8. CalGems Conference – PTTEP – slide 8
    PTT Aspiration Strategic direction and target to achieve Big-Long-Strong aspiration Overview Performance Q2/2014 Outlook Thai Premier Multinational Energy Company Strong TOP Quartile ROIC Big Long Ranked Fortune 81th Listed…
  9. CalGems Conference – PTTEP – slide 9
    Q1/14 Performance: PTTs Strong Performance offset weaker Affiliates Overview Performance Q2/14 Outlook MMTHB 2,595 4,329 35,804 487 Refinery 3,269 Gross 4,985 margin FX OPEX* gain 23% 4,002 2,852 Share of 6,569 income…
  10. CalGems Conference – PTTEP – slide 10
    Contents Overview Performance Q2/14 Outlook Overview Performance Q2/14 Outlook 9
  11. CalGems Conference – PTTEP – slide 11
    E&P Key Overview in Q1/14 Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Successful Brazil acreage farm-in Exploration Portfolio Proceeding with exploration and Expansion appraisal program as…
  12. CalGems Conference – PTTEP – slide 12
    E&P Performance: Expenses and prices pressured performance Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Product Prices Sales Volume KBOED 0.3% QoQ 103.74 101.53 100.84 1%QoQ Liquid 3% YoY…
  13. CalGems Conference – PTTEP – slide 13
    E&P Roadmap: Building Strong Platform to Deliver Growth On target development Overview and exploration progress to achieve solid growth Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others On target development and…
  14. CalGems Conference – PTTEP – slide 14
    Gas BU Performance: Better performance from better GSP margin Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others NG Sales Volume NG Customer Breakdown MMSCFD 0.5% QoQ MMSCFD 5% YoY 4,695 4,462…
  15. CalGems Conference – PTTEP – slide 15
    Gas BU Performance : Better performance from better GSP margin Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others GSP - Reference Product Prices GSP Sales Volume USD/Ton KTon 0.1% QoQ 1,562 8% YoY…
  16. CalGems Conference – PTTEP – slide 16
    Gas BU: 4th onshore pipeline delay but negligible Overview Business & Roadmap Performance Q2/14Outlook E&P Gas Oil & Trading Refining PetChem New Business 4th onshore pipeline project Cost 40 Billion THB 1 year delayed Impact…
  17. CalGems Conference – PTTEP – slide 17
    Oil BU Performance : Margin and inventory gain drive performance Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin 1/ Sales Volume 2/ THB/Liter 39% QoQ MM Liter 4% QoQ 2% YoY 6%…
  18. CalGems Conference – PTTEP – slide 18
    Trading BU Performance : FX and lower condensate discount support margin Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Sales Volume THB/Liter 44% QoQ MM Liter 10% QoQ 30% YoY…
  19. CalGems Conference – PTTEP – slide 19
    Refining Business Performance: GRM drop following tumbled Crude from China slowdown/QE Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others GRM/GIM Refinery Utilization USD/BBL 108.2 Aggregated 10% QoQ…
  20. CalGems Conference – PTTEP – slide 20
    Refineries : Going forward Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others CDU-3 Major Turnaround No major turnaround Turnaround Turnaround after planned S/D Maintenance : 1May- (165 KBD) :…
  21. CalGems Conference – PTTEP – slide 21
    Petrochemical: Olefins In Good Shape; Aromatics Under Pressured Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Global Ethylene Demand/Supply Addition Global Benzene Demand/Supply Addition Demand…
  22. CalGems Conference – PTTEP – slide 22
    Petrochemical Business Performance: Pressured PX price stumble performance Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Refineries Aromatics 103% BTX U-Rate CDU 93% 101% 92% U-Rate 101% 91%…
  23. CalGems Conference – PTTEP – slide 23
    Petrochemical : Going Forward Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others 22
  24. CalGems Conference – PTTEP – slide 24
    Other Businesses : Coal - SAR (94.58%) Better performance from cost reduction initiatives Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Avg. Selling Price & Cash cost Sales Volume USD/Ton KTon 3%…
  25. CalGems Conference – PTTEP – slide 25
    SAR Project Update Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others 2014 Operational Plan Overview: Continue cost reduction initiative program under downturn market (mainly on mining and…
  26. CalGems Conference – PTTEP – slide 26
    Other Businesses : Power - GPSC (30.10%) Better performance as a result of TFRIC4 Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Sales Volume Net Income (100%) KMWh MMBaht KTon 6% QoQ 34% QoQ…
  27. CalGems Conference – PTTEP – slide 27
    GPSC Project Update Overview Performance Q2/14 Outlook E&P Gas Oil & Trading Refining PetChem Others Update Progress (Q1-2014) Completed transfer shares of 5 power assets from PTT Combined Heat and Power Producing Company Limited…
  28. CalGems Conference – PTTEP – slide 28
    PTT Consolidated Performance: Q1/2014 Overview Performance Q2/14 Outlook Dubai (USD/BBL) 108.2 106.8 Q1/14 104.5 Others PTTEP 4% 4% QoQ 8% Unit : MMTHB 2% YoY 749,995 PTT - Gas 16% 716,571 Revenue 699,864 72% Revenue…
  29. CalGems Conference – PTTEP – slide 29
    Statement of Financial Position Overview Performance Q2/14 Outlook MMTHB Decreased assets : A/R due to lower sales volume 1.4% 1,805,308 Decreased PP&E: 1,779,380 Reclassification of related PP&E as non- Cash & S/T Invest…
  30. CalGems Conference – PTTEP – slide 30
    Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net income Overview Performance Q2/14 Outlook 43.6% 40.4% 32.4%32.6% 29.8% 30.1% 30.3% 30.8% . 34.7% 34.9% 35.5% 39.3%Dividend…
  31. CalGems Conference – PTTEP – slide 31
    PTT: CAPEX (PTT and Wholly Owned Subsidiaries) PTT plans to invest Bt 327bn (10bn) during 2014-2018 Overview Performance Q2/2014 Outlook CAPEX Breakdown : 5 Years Unit: MMTHB By Business Unit LNG 14% Investment in Joint Venture…
  32. CalGems Conference – PTTEP – slide 32
    Contents Overview Performance Q2/2014 Outlook Overview Performance Q2/14 Outlook 31
  33. CalGems Conference – PTTEP – slide 33
    Economic Outlook : Challenges ahead Overview Performance Q2/14 Outlook US Market : shows signs of stronger recovery : - US Economics Recovery : - Fed to keep QE tapering on course EU market: keep an eye on political issue : - EU…
  34. CalGems Conference – PTTEP – slide 34
    Crude Oil Outlook: Limited Demand on Refinery Turn Around Overview Performance Q2/14 Outlook World Oil Demand/Supply Balance MBD Dubai MBD Dubai 109/bbl 105/bbl Dubai 95 7 104/bbl 94 6 93 91.8 91.6 5 OPEC spare capacity rises…
  35. CalGems Conference – PTTEP – slide 35
    Henry Hub / JKM Price Outlook: US Gas in Surplus due to Significant Production Growth /Korean ample supply to pressure JKMOverview Price Performance Q2/14 Outlook US LNG Export Terminal Projects LNG Global Demand/Supply Excess…
  36. CalGems Conference – PTTEP – slide 36
    Refinery Margin Outlook : Firm GRM in Q2-14 due to tight supply during refinery maintenance Overview Performance Q2/14 Outlook CDU Additional Vs Additional Demand AP&ME Refinery Maintenance in Asia-Pacific Area Demand Growth…
  37. CalGems Conference – PTTEP – slide 37
    Petrochemical Outlook : Olefin spread to move slightly upward from cracker T/A Overview Performance Q2/14 Outlook Asia Ethylene Supply/Demand Balance Asia Propylene Supply/Demand Balance Million Metric Tons Million Metric Tons 4.5…
  38. CalGems Conference – PTTEP – slide 38
    Petrochemical Outlook : Weak Downstream Demand Weighs Down PX Market Overview Performance Q2/14 Outlook Asia PX Supply/Demand Balance Asia Benzene Supply/Demand Balance AP/ME PX Capacity* and Supply AP/ME Benzene Capacity* and…
  39. CalGems Conference – PTTEP – slide 39
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio Unit : MMTHB PTT Only Consolidated : Cost of debts 4.63 % : Cost of debts 4.42 % : % fixed-rate 81.91 % : % fixed-rate…
  40. CalGems Conference – PTTEP – slide 40
    PTT Group Performance : Q1/14 (YoY) Overview Performance Q2/14 Outlook Performance 100% % share Equity Method % PTT Unit : MMTHB Q1/13 Q1/14 YoY Q1/13 Q1/14 YoY PTT Net operating Income 12,308 13,739 12% 12,308 13,739 12% E&P - PTTEP…
  41. CalGems Conference – PTTEP – slide 41
    Statements of Consolidated Cash Flows Overview Performance Q2/14 Outlook 2013 Q1/2014 2013 Q1/2014 Operating 165,327 72,846 Investing -95,364 -27,757 Net Income 94,652 27,448 CAPEX(PP&E, Intangible asset) -114,457 -28,504 Changes…
  42. CalGems Conference – PTTEP – slide 42
    Statements of Cash Flows: Q1/2014 & FY2013 (PTT Only) 2013 Q1/2014 2013 Q1/2014 Operating 42,592 24,133 Investing 16,981 -2,629 Net Income 63,988 21,586 CAPEX (PP&E, Intangible asset) -22,912 -6,557 Changes in assets & liabilities…
  43. CalGems Conference – PTTEP – slide 43
    Data as of 31 Mar 2014 Petrochemicals & E&P and Gas Business Group Oil Business Group Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
  44. CalGems Conference – PTTEP – slide 44
    Natural Gas Price Structure : Jan-Mar 2014 Gas prices are mostly agreed under long-term contracts and volatility pass-through to ensure stable returns. Sales Price Structure Customers1 Gas Pool Price + Supply Margins + Pipeline…
  45. CalGems Conference – PTTEP – slide 45
    Natural Gas : Strong and Increasing Demand over Long Term Natural gas is a fuel of choice for power producers and transportation industry Gas demand forecast (CAGR during 2013-2030) : Total 2% : Power 3% : GSP -1% : Industry 2%…
  46. CalGems Conference – PTTEP – slide 46
    Thailands Projected Energy Demand Commercial Primary Energy Consumption KBD 4000 3,728 3,306 1% Nuclear 4% 3500 3% 13% 2,862 3000 13% 3% 2,321 Hydro/Import13% 19% 2500 17% 1,917 2% Renewable 12% 14% 2000 2%…
  47. CalGems Conference – PTTEP – slide 47
    Gas Business Generates Stable Returns Overview Gas transmission pipeline capacity Sole owner and operator of entire gas transmission pipelines in Thailand (3,678 km), a regulated business IRROE ranges between Phu Hom 12.5% - 18%…

From the store

Browse maps, data & reports in the Shale Experts store