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Energy Minerals

PTT Exploration & Production Plc

Company Background

PTT Exploration and Production is the flagship oil and gas exploration and production arm of Thailand's state-owned resources giant PTT. It produces about a quarter of Thailand's petroleum. The company has the second-largest market capitalization on the Thai stock exchange, after PTT, which holds approximately 65% of its shares.

Assets in Thailand account for about half of those owned by PTTEP's total in terms of value. It operates more than 40 projects in places such as Thailand, Australia and Africa.

Gas reserves in Thailand are projected to dry up in the near future. The company is therefore stepping up investments abroad. Myanmar, where TPPEP has three offshore projects in production, is one of its prime focuses. The company in 2012 also acquired Britain's Cove Energy, which owns interests in Mozambique.

Business Summary

PTT Exploration & Production Plc engages in the exploration and production of petroleum, foreign gas pipeline transportation, and investment in energy business. The firm's projects include Myanmar M3 Project, Bongkot Project, Contract 4 Project, and Mariana Oil Sands Project. It operates through the following segments: Exploration and Productions; Pipeline Transportation; and Head Office and Others. The company was founded on June 20, 1985 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2020 THBUSD
Revenue160,400.67M5,125.41M
Gross Profit67,055.77M2,142.68M
Operating income44,503.44M1,422.05M
Income before tax40,121.06M1,282.02M
Net income22,427.25M716.63M
EBITDA109,753.21M3,507.03M
Diluted EPS5.640.18
Dividends Per Share4.250.13
Total Assets675,637.09M22,551.30M
Total liabilities326,208.20M10,888.12M
Total equity349,428.88M11,663.18M
Operating cash flow76,250.59M2,436.49M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 150,217.05M 147,724.65M 171,809.15M 191,052.73M 160,400.67M
Gross Profit 53,717.12M 68,822.66M 89,663.65M 101,116.45M 67,055.77M
Operating income 33,357.91M 47,891.30M 65,054.15M 72,301.30M 44,503.44M
Income before tax 21,726.11M 26,249.04M 59,714.33M 69,373.82M 40,121.06M
Net income 10,070.40M 18,032.19M 34,484.36M 46,517.72M 22,427.25M
EBITDA 107,749.16M 104,732.71M 124,863.15M 135,112.14M 109,753.21M
Diluted EPS 2.58 4.54 8.68 11.71 5.64
Dividends Per Share 3.25 4.25 5 6 4.25
Total Assets 676,889.53M 628,121.29M 632,256.47M 671,990.29M 675,637.09M
Total liabilities 306,094.11M 289,980.92M 280,915.02M 320,949.61M 326,208.20M
Total equity 370,795.41M 338,140.37M 351,341.44M 351,040.68M 349,428.88M
Operating cash flow 73,590.61M 85,214.01M 103,838.56M 108,953.30M 76,250.59M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,257.78M 4,353.35M 5,314.68M 6,154.09M 5,125.41M
Gross Profit 1,522.56M 2,028.16M 2,773.62M 3,257.11M 2,142.68M
Operating income 945.50M 1,411.32M 2,012.36M 2,328.93M 1,422.05M
Income before tax 615.80M 773.54M 1,847.18M 2,234.63M 1,282.02M
Net income 285.43M 531.39M 1,066.72M 1,498.40M 716.63M
EBITDA 3,054.06M 3,086.40M 3,862.47M 4,352.16M 3,507.03M
Diluted EPS 0.07 0.13 0.26 0.37 0.18
Dividends Per Share 0.09 0.12 0.15 0.19 0.13
Total Assets 18,901.98M 19,273.43M 19,418.19M 22,434.26M 22,551.30M
Total liabilities 8,547.60M 8,897.84M 8,627.61M 10,714.83M 10,888.12M
Total equity 10,354.37M 10,375.58M 10,790.58M 11,719.42M 11,663.18M
Operating cash flow 2,085.86M 2,511.20M 3,212.10M 3,509.55M 2,436.49M

Valuation Measures

Dec 2020
PER17.39
ROA3.32%
ROE6.40%
Operating margin27.74%
Profit margin13.98%

Key executives

  • Chief Executive Officer & Director: Phongsthorn Thavisin
  • President: Montri Rawanchaikul
  • Senior VP-Well Engineering & Operations: Sahawit Vorasaph
  • Executive Vice President-Finance & Accounting: Sumrid Sumneing
  • Senior Vice President-Technical Division: Chalongrut Ya-Anan

Shareholders

  • PTT Public Co., Ltd. (63.7%)
  • Social Security Office of Thailand (1.5%)
  • Siam Management Holding Co. Ltd. (1.4%)
  • Government of Thailand (1.3%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • APG Asset Management NV (0.1%)
  • Eastspring Investments (Singapore) Ltd. (0.0%)
  • BlackRock Investment Management (UK) Ltd. (0.0%)
  • The Caisse de depot et placement du Quebec (0.0%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.0%)

Contact Details

  • Website:http://www.pttep.com
  • Address: 555/1 Energy Complex Building A, Vibhavadi-Rangsit Road, Chatuchak, Bangkok, 10900, Thailand
  • Phone: +66.2.537.4000

Related Companies

  • PTTEP Energy Development Co., Ltd.
  • PTTEP Treasury Center Co. Ltd.
  • PTTEP Hoang-Long Co. Ltd.
  • PTTEP Kim Long Vietnam Co. Ltd.
  • PTTEP Netherlands Holding Cooperatie UA
  • PTTEP International Ltd. (Myanmar)
  • Natuna 2 BV
  • PTTEP (Thailand) Ltd.
  • PTTEP Australia Perth Pty Ltd.
  • PTTEP Hoan-Vu Co. Ltd.
  • PTTEP HK Offshore Ltd.
  • PTTEP HK Holding Ltd.
  • PTTEP Canada Ltd.
  • Ptt Flng Ltd.
  • Hess Exploration Thailand Co. Ltd.
  • Hess Thailand Holdings II Ltd.
  • PC Myanmar (Hong Kong) Ltd.
  • Apico LLC
  • PTTEP Mea Ltd.
  • PTTEP Algeria Co. Ltd.
  • Andaman Transportation Ltd.
  • PTTEP Sadang Ltd.
  • PTTEP South Sageri Ltd.
  • PTTEP South Asia Ltd.
  • PTT EP Africa Investment Ltd.
  • Pttep Southwest Vietnam Pipeline Co. Ltd.
  • Pttep Bahrain Co. Ltd.
  • Pttep Malunda Ltd.
  • Pttep South Mandar Ltd.
  • PTTEP FLNG Holding Co. Ltd.

Competitors

  • Chevron Corporation
  • Mitsui & Co.,Ltd
  • Total SE
  • Chariot Oil & Gas Limited
Last Updated on 10 May, 2021

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