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Opportunity Day – PTTEP

PTTEP · Mar 5, 2014 · 46 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 – PTTEP – slide 1
    PTT Group Opportunity Day 5 March 2014
  2. Opportunity Day – PTTEP – slide 2
    Contents Overview Performance 2014 Outlook Overview Performance 2014 Outlook 1
  3. Opportunity Day – PTTEP – slide 3
    Oil Balance Thailand: Jan Dec 2013 Adequate refining capacity maintains the stability of supply Overview Performance 2014 Outlook Supply Production Sales Import (80%) Domestic Imported Refined Petroleum Products 77 KBD 945KBD…
  4. Opportunity Day – PTTEP – slide 4
    Natural Gas Balance: Jan Dec 2013 Main driver of the Thai economy Overview Performance Outlook Supply Production Sales Ethane/ Gulf of Thailand (75%) Propane/ LPG/NGL Petrochemical Feedstock Chevron (15%) Others 32% 3,468 41…
  5. Opportunity Day – PTTEP – slide 5
    PTT is Thailands Largest Energy Company Overview Performance 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. Opportunity Day – PTTEP – slide 6
    PTTs Strategic Importance to Thailand Overview Performance 2014 Outlook Ministry of Finance holds majority stake in PTT PTT ratings at Thai sovereign level Public 34% Thai Ministry Foreign 18% of Finance 51% Kingdom of Thai…
  7. Opportunity Day – PTTEP – slide 7
    Our Major Businesses & Activities Overview Performance 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. Opportunity Day – PTTEP – slide 8
    PTT Aspiration Strategic direction and target to achieve Big-Long-Strong aspiration Overview Performance 2014 Outlook Thai Premier Multinational Energy Company Strong TOP Quartile ROIC Big Long Ranked Fortune 81th Listed in…
  9. Opportunity Day – PTTEP – slide 9
    Net Income Performance: 2012 vs 2013 Overview Performance 2014 Outlook Unit : MMTHB 104,608 10% 8,788 94,652 Total intake increased 5% Refinery Avg. ACC GRM increased 9% 18,578 8,649 THB depreciated 7% Petrochem Better spread…
  10. Opportunity Day – PTTEP – slide 10
    Contents Overview Performance 2014 Outlook Overview Performance 2014 Outlook 9
  11. Opportunity Day – PTTEP – slide 11
    Exploration & Production Performance : PTTEP (65.29%) Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Product Prices Net Income (100%) 1% 3% 103.27 Unit: MMUSD 100.33 101.53 100.15 Liquid…
  12. Opportunity Day – PTTEP – slide 12
    Exploration & Production Roadmap : PTTEP Growth Strategy to 600 KBOED in 2020 Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others PTTEPs CAPEX Planned 2014 2018 Other South East Asia 22% Thailand…
  13. Opportunity Day – PTTEP – slide 13
    Gas Business Performance : Natural Gas Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others NG Sales Volume GSP - Reference Product Prices Unit: MMSCFD Unit : USD/Ton AVG. 1,537 1,516 4,695 1,516 1,445…
  14. Opportunity Day – PTTEP – slide 14
    Gas Business Performance Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Gas Business EBITDA NGV Sales Volume Unit: MMTHB Unit : Approx. KTon/Day 14% 1% 52,266 10% 45,098 8.66 8.57 8.54 16%…
  15. Opportunity Day – PTTEP – slide 15
    Gas Business Roadmap Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Unit : MMSCFD 6,000 6% 9% NGV 7% 15% Industry 4,000 13% 18% GSP 20% Power 2,000 58% - EGAT 60% - IPP - SPP 0 2013 2014…
  16. Opportunity Day – PTTEP – slide 16
    Oil Business Performance : PTT Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin 1/ Oil BU - EBITDA Unit : THB/Liter Unit : MMTHB 16% 15,929 13,361 11% 8% 0.86 0.77 0.72 0.66…
  17. Opportunity Day – PTTEP – slide 17
    International Trading Business Performance : PTT Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Contribution Margin* Trading BU - EBITDA* Unit :THB/Liter Unit : MMTHB 27% 33% 5,426 50% 4,280…
  18. Opportunity Day – PTTEP – slide 18
    Refining Business Performance Overview Performance Q1/2014 Outlook E&P Gas Oil & Trading Refining PetChem Others GRM/GIM Net Income (100%) Unit : USD/BBL Unit : MMTHB 109.1 106.3 106.8 105.5 2% Dubai 20,313 A/C GIM 22% 19,850…
  19. Opportunity Day – PTTEP – slide 19
    Refinery Project Update Overview Performance Q1/2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Refinery upgrading (TOP): HCU Revamp COD: Q1/2014 Emission Improvement Project (EIP): COD: Q1/2014 CDU-3 Crude Preheat…
  20. Opportunity Day – PTTEP – slide 20
    Petrochemical Business Performance Overview Performance Q1/2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Spread Margins Net Income (100%) Unit : USD/Ton Unit : MMTHB 11% 584 PP- Naphtha 37,478 592 585 33,290 565…
  21. Opportunity Day – PTTEP – slide 21
    Petrochemical Project Update Overview Performance Q1/2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Synergy: Pure H2 via New PSA : COD Q2/2014 Off gas upgrading at olefins : COD Q4/2014 Debottlenecking & Expansion: 1)…
  22. Opportunity Day – PTTEP – slide 22
    Other Businesses : Coal - SAR (94.58%) Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Avg. Selling Price & Cash cost Net Income (100%) Unit : USD/Ton Unit : MMUSD 108.5 88 17% 0.1% Selling price…
  23. Opportunity Day – PTTEP – slide 23
    SAR Project Update Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others 2014 Operation Plan Overview: Continue cost reduction initiative program under downturn market Mine plan optimization for fully…
  24. Opportunity Day – PTTEP – slide 24
    Other Businesses : Power - GPSC (30.10%) Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Moving Forward (Capacity) Net Income (100%) Unit : MW Unit : MMBaht 52% 1,145 2,356 267 1,553 Renewable…
  25. Opportunity Day – PTTEP – slide 25
    GPSC Project Update Overview Performance 2014 Outlook E&P Gas Oil & Trading Refining PetChem Others Update Progress (Q4-2013) Purchase 51% share in IRPC clean power (IRPCCP) from IRPC Complete transfer share of 4 power assets from…
  26. Opportunity Day – PTTEP – slide 26
    PTT Consolidated Performance: 2013 Overview Performance 2014 Outlook Dubai (USD/BBL) 106.8 109.1 105.5 2013 106.3 Others PTTEP 4% Unit : MMTHB 7% 2% PTT - Gas 17% 2,842,688 Revenue 2,793,833 4% 72% Revenue 749,995 723,152…
  27. Opportunity Day – PTTEP – slide 27
    Statement of Financial Position : Solid and Secured Overview Performance 2014 Outlook Unit: MMTHB Increased assets : PTTEPs Assets 4th Onshore pipeline Strong Financial Position Nakonsawan pipeline 11% 12.3 12.5 ICR*…
  28. Opportunity Day – PTTEP – slide 28
    Dividend Policy & Historical Payments PTT is firmly committed to pay dividend at no less than 25% of net income Overview Performance 2014 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…
  29. Opportunity Day – PTTEP – slide 29
    PTT: CAPEX (PTT and Wholly Owned Subsidiaries) PTT plans to invest Bt 327bn (10bn) during 2014-2018 Overview Performance Q4/2013 2014 Outlook CAPEX Breakdown : 5 Years Unit: MMTHB By Business Unit LNG 14% Investment in Joint…
  30. Opportunity Day – PTTEP – slide 30
    Contents Overview Performance 2014 Outlook Overview Performance 2014 Outlook 29
  31. Opportunity Day – PTTEP – slide 31
    Economic 2014 Outlook : Challenges ahead 2014 Overview Performance 2014 Outlook US Market : will see the better growth in 2014 : - US Economics Recovery : - Effect from QE Tapering EU market: pass the worst, recovery is still…
  32. Opportunity Day – PTTEP – slide 32
    Market 2014 Outlook : Crude Oil Overview Performance 2014 Outlook Monthly Avg. Crude Oil 122.5 WTI Brent Dubai Dubai Forecast (PTT Group PRISM) 117.3 116.2 Forecast 104.88 106.3 107.6 106.6 107.9 104.5 104.00 104.75 111.2 111.5…
  33. Opportunity Day – PTTEP – slide 33
    Market 2014 Outlook : Henry Hub Natural Gas Price Overview Performance 2014 Outlook EIAs projected HH Price in 1 is 1 USD/MMBTU ( 0.44 USD/MMBTU) Impact of US Freezing Temperature US aim to be 3rd largest LNG export…
  34. Opportunity Day – PTTEP – slide 34
    Market 2014 Outlook:Asia LNG Spot Price (JKM : Japan Korea Marker) Overview Performance 2014 Outlook /MMBTU Winter Season Winter Season Winter Season 20.0 18.0 16.0 14.0 Last Nuclear Power Plant in Japan was shutdown 12.0…
  35. Opportunity Day – PTTEP – slide 35
    Market 2014 Outlook : GRM Overview Performance 2014 Outlook Forecast 25.00 20.00 GO 15.00 10.00 Mogas 5.00 0.00 FO -5.00 -10.00 -15.00 Singapore GRM in 2014 is estimated to be around 5-6 USD/BBL Strong Winter Demand…
  36. Opportunity Day – PTTEP – slide 36
    Market 2014 Outlook : Petrochemical Overview Performance 2014 Outlook Unit :USD/ton Olefins Aromatics Y 2014 Y2014 2,000 2,000 1,800 1,800 PP 1,600 1,600 PX 1,400 HDPE 1,400 1,200 1,200 BZ 1,000 1,000 800 Naphtha 800 Naphtha…
  37. Opportunity Day – PTTEP – slide 37
    Debt Profile : Control Cost & Manage Risk Managed debt according to financial risk and policy Debt Portfolio Unit : MMTHB PTT Only Consolidated : Cost of debts 4.57 % : Cost of debts 4.38 % : % fixed-rate 81.69 % : % fixed-rate…
  38. Opportunity Day – PTTEP – slide 38
    Statements of Consolidated Cash Flows for 2013 & 2012 2012 2013 2012 2013 Operating 175,004 165,327 Investing -178,083 -95,364 Net Income 104,608 94,652 CAPEX(PP&E, Intangible asset) -116,623 -114,457 Changes in assets & liabilities…
  39. Opportunity Day – PTTEP – slide 39
    Statements of Cash Flows for Year 2013 & 2012 (PTT Only) 2012 2013 2012 2013 Operating 59,898 42,592 Investing -65,729 16,981 Net Income 74,697 63,988 CAPEX (PP&E, Intangible asset) -20,433 -22,912 Changes in assets & liabilities…
  40. Opportunity Day – PTTEP – slide 40
    PTT Consolidated Performance: Q4/2013 106.8 Q4/2013 106.3 Dubai (USD/BBL) Others PTTEP 4% Unit : MMTHB 7% 4% PTT - Gas 16% Revenue 749,995 723,152 73% Revenue PTT - Oil & Trading Others Q3/2013 Q4/2013 PTT - Oil &…
  41. Opportunity Day – PTTEP – slide 41
    PTT Group Performance : 2013 Overview Performance 2014 Outlook Performance 100% % share Equity Method % PTT Unit : MMTHB Y2012 Y2013 YoY Y2012 Y2013 YoY PTT Net operating Income 45,229 29,166 -36% 45,229 29,166 -36% E&P - PTTEP 57,316…
  42. Opportunity Day – PTTEP – slide 42
    Data as of 31 Dec 2013 Petrochemicals & E&P and Gas Business Group Oil Business Group Refining Business Group Subsidiaries Consolidate Subsidiaries Consolidate Petrochemical Subsidiaries Consolidate PTT Exploration & Production Plc.…
  43. Opportunity Day – PTTEP – slide 43
    Natural Gas Price Structure : 2013 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 Tariffs…
  44. Opportunity Day – PTTEP – slide 44
    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% :…
  45. Opportunity Day – PTTEP – slide 45
    Thailands Projected Energy Demand Commercial Primary Energy Consumption KBD 4000 3,602 3,184 Nuclear 1% 3500 4% 2,758 3% 3000 13% 13% 2,280 2% 17% 2500 13% 16% 1,863 2% Hydro/Import 12% Renewable 15% 2000 2% 13%…
  46. Opportunity Day – PTTEP – slide 46
    Gas Business Generates Stable Returns Overview Gas transmission pipeline capacity Sole owner and operator of entire gas transmission pipelines in Thailand (3,752 km), a regulated business IRROE ranges between Phu Hom 12.5% - 18%…

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