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Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP

PTTEP · May 21, 2014 · 29 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 Q1 2014 Stock Exchange of Thailand – PTTEP – slide 1
    PTT Exploration and Production Public Company Limited Opportunity Day: Q1 2014 Stock Exchange of Thailand May 21, 2014 Passion to Explore for a Sustainable Future
  2. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 2
    Agenda Company Overview and Industry Update Q1 14 Financial Performance Q1 14 Key Achievements and Updates 4 4 / 14
  3. Opportunity Day Q1 2014 Stock Exchange of Thailand – 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 Q1 2014 Stock Exchange of Thailand – 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 Production 3…
  5. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 5
    Oil Prices Range bound with downside risks Geo-political and Fundamental Drivers US / Barrel Dubai Brent Brent Consensus Brent Forward Annexation of Crimea and risk of Western Consensus Band sanction and Russian retaliation 115…
  6. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 6
    Agenda Company Overview and Industry Update Q1 2014 Financial Performance Q1 2014 Key Achievements and Updates 8 8 / 14
  7. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 7
    Sales Volume, Price and Unit Cost Montara : higher volume at higher cost Sales Volume and Price Unit Cost Liquid Gas BOED Cash Cost Unit Cost /BOE 299,716 298,621 291,476 38.15 40 37.35 C 300,000 32.32 100,778 100,678 100,634…
  8. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 8
    Q1 2014 Financial Performance Maintain strong operating cash flows and EBITDA margin from robust core operations Cash Flow Performance NI ( MMUSD ) Cash Flow Sale Vol. ( MMUSD ) (KBOE/D) 600 41 58 Sales Volume 61 39 3,000 300…
  9. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 9
    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…
  10. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 10
    Agenda Company Overview and Industry Update Q1 2014 Financial Performance Q1 2014 Key Achievements and Updates 1212 / 14
  11. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 11
    Q1 2014 Key Achievements Reinforcing asset value through strategic consolidation and asset rationalization Focus Areas Key Accomplishments Successful Brazil acreage farm-in Exploration Portfolio Proceeding with exploration and…
  12. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 12
    Building Strong Platform to Deliver Growth On target development and exploration progress to achieve solid growth = Completed Focus Areas Q1 14 Q2 14 Q3 14 Q4 14 2015 2020 Myanmar M3 appraisal drilling start Brazil farm-in and…
  13. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 13
    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 15
  14. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 14
    Supplementary Index 1. Industry Recap 2. Zawtika Project Progress 3. Awards and Safety Performance 4. Detailed Financial Information 5. PTTEP Project Information 6. Corporate Social Responsibility 7. Organization…
  15. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 15
    Upstream M&A Activities Continuation of asset rationalization theme Top 15 M&A Deals in Q1 2014 Canada: 2.8bn Russia: 1.0bn Germany: 7.1bn China: 1.1bn United States: Unconventional 3.3bn LEGEND Conventional: 4.8bn…
  16. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 16
    E&P Costs : Rig Day Rate and Utilization Rates continue to rise from limited new supply Day Rates by Rig Type Utilization Rates by Rig Type Brent Oil Price Rig Day Rate /BBL (000 USD / Day) 500 100% 493,257 450 120 90% 87.30% 400…
  17. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 17
    Zawtika Project Progress Committed to flawlessly and safely deliver first gas into Thailand Zawtika Project : Journey to Gas Delivery at 300 MMSCFD to Thailand (80%) and Myanmar (20%) Complete Gas to Myanmar 60 MMSCFD Myanmar -…
  18. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 18
    Awards and Safety Performance Recognition of corporate excellence whilst maintaining strong safety culture Turning Performance into Success Above Industry Average Safety Record of incidents per million man hours Best CEO (Investor…
  19. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 19
    PTTEP Sales Volume and Average Product Price Strong gas prices negate softening oil price environment Sales Volume Liquid BOED Gas 292,629 299,716 298,621 291,476 300,000 275,923 100,831 100,778 100,678 100,634 92,609 200,000…
  20. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 20
    Operating Performance Higher operating cost mainly from extra expense of Montara development well Cash Cost Unit Cost /BOE (US/BOE) 2013 2012 Q4 13 Q1 14 Q1 13 40 38.15 37.35* 33.94 32.22 32.32 30 Lifting Cost 4.88 4.28 5.26…
  21. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 21
    Financial Performance : Income Statement EBITDA margin maintained at 70% 2013 2012 Q4 13 Q1 14 Q1 13 Sales Revenue* (MMUS) 7,323 6,840 1,853 1,813 1,835 EBITDA (MMUS) 5,167 4,816 1,223 1,268 1,337 Net Profit (MMUS) 1,846 1,846…
  22. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 22
    Financial Performance : Balance Sheet Healthy balance sheet with low gearing ratio Credit Ratings: BBB+ (S&P), Baa1 (Moodys), AAA (TRIS) 2013 2012 Q4 13 Q1 14 Q1 13 Total Assets (MMUS) 21,572 19,637 21,572 22,086 20,889 - Cash &…
  23. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 23
    PTTEP Projects Information (1 / 5) Project PTTEPs Partners Q1 14 Average Sales Volume * 2014 Key Activities Share GasContent ceiling Oil cut-off and Other Production Phase Thailand and JDA 1 Arthit 80% Chevron 16% 225 MMSCFD -…
  24. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 24
    PTTEP Projects Information (2 / 5) Project PTTEPs Partners Content Q1 ceilingSales 14 Average cut-off Volume * 2014 Key Activities Share Gas Oil and Other Production Phase Overseas 15 Canada Oil Sands 40% Statoil 60% - 14.0 KBPD…
  25. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 25
    PTTEP Projects Information (3 / 5) Content ceiling cut-off Project PTTEPs Partners 2014 Key Activities Share Development Phase : Thailand and JDA 24 L22/43 100% Drill 3 Exploration wells Fabrication and installation of Wellhead…
  26. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 26
    PTTEP Projects Information (4 / 5) Content ceiling cut-off Project PTTEPs Partners 2014 Key Activities Share Exploration Phase (cont) Overseas (cont) 32 Indonesia Semai II 28.33% Murphy 28.33% Drill 2 Exploration wells INPEX…
  27. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 27
    PTTEP Projects Information (5 / 5) Content ceiling cut-off 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…
  28. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 28
    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; e.g.…
  29. Opportunity Day Q1 2014 Stock Exchange of Thailand – PTTEP – slide 29
    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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