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CALGEMS NON DEAL ROADSHOW – PTTEP

PTTEP · Jun 3, 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. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited CALGEMS Non-Deal Roadshow Los Angeles, California, USA June 3 - 4, 2014 Passion to Explore for a Sustainable Future
  2. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 2
    Agenda Company Overview Financial Performance Growth Strategy 4 4 / 16
  3. CALGEMS NON DEAL ROADSHOW – 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. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 4
    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…
  5. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 5
    Agenda Company Overview Financial Performance Growth Strategy 7 7 / 16
  6. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 6
    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 C 292,629 298,621 40 300,000 275,923 37.35 33.94 100,678 32.22 92,609 100,831…
  7. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 7
    Financial Performance 70% EBITDA margin from strong core operations with higher operating cash flows 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 3,675 240…
  8. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 8
    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…
  9. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 9
    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…
  10. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 10
    Agenda Company Overview Financial Performance Growth Strategy 12 12 / 16
  11. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 11
    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…
  12. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 12
    Strong Reserves Base Large reserves base to support sustainable growth LONG 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 47% 47% 1,000 7 Years…
  13. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 13
    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 :…
  14. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 14
    Effective Investment Allocation Asset rationalization to sustain strong and competitive performance STRONG Total Expenditures (2014-2016)* = 16.5 bn 15.4 bn CAPEX = 10.8 bn 10.0 bn MMUSD OPEX = 5.7 bn 5.4 bn 6,000 Before KKD…
  15. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 15
    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 17
  16. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 16
    Supplementary Index 1. PTTEP Key Focus Areas Overview 2. PTTEP Project Information 3. Management Team 4. 2013 Awards and Recognitions 5. Corporate Social Responsibility 6. Human Rights 7. Organization Structure 8.…
  17. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 17
    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…
  18. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 18
    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…
  19. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 19
    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…
  20. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 20
    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…
  21. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 21
    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…
  22. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 22
    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…
  23. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 23
    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…
  24. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 24
    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…
  25. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 25
    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…
  26. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 26
    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…
  27. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 27
    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…
  28. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 28
    PTTEP Management Team Extensive experience and widely recognized in the petroleum industry Experienced Management Team Tevin VongvanichDirector, President & Chief Executive Officer Experience: CFO, PTT PCL; Director, PTT Aromatics and…
  29. CALGEMS NON DEAL ROADSHOW – 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. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 30
    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;…
  31. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 31
    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…
  32. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 32
    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…
  33. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 33
    Strong Relationship with Majority Shareholder Supported by strong relationships with majority shareholder PTT and Thai Government Government of Thailand PTTEP is the sole upstream oil & gas arm of PTT PTT is Thailands national…
  34. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 34
    The Exploration & Production Flagship of PTT GROUP An integral part of the PTT Group value chain Source: PTT Plc. website (http://www3.pttplc.com/en/default.aspx) 36 Supplement 8.2 / 10
  35. CALGEMS NON DEAL ROADSHOW – PTTEP – slide 35
    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…

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