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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 2019 THBUSD
Revenue191,052.73M6,154.09M
Gross Profit101,116.45M3,257.11M
Operating income72,301.30M2,328.93M
Income before tax69,373.82M2,234.63M
Net income46,517.72M1,498.40M
EBITDA135,112.14M4,352.16M
Diluted EPS11.710.37
Dividends Per Share60.19
Total Assets669,464.00M22,349.92M
Total liabilities318,423.32M10,630.49M
Total equity351,040.68M11,719.42M
Operating cash flow108,953.30M3,509.55M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 185,770.57M 150,217.05M 147,724.65M 171,809.15M 191,052.73M
Gross Profit 62,267.59M 53,717.12M 68,822.66M 89,663.65M 101,116.45M
Operating income 38,266.69M 33,357.91M 47,891.30M 65,054.15M 72,301.30M
Income before tax -15,032.39M 21,726.11M 26,249.04M 59,714.33M 69,373.82M
Net income -32,703.67M 10,070.40M 18,032.19M 34,484.36M 46,517.72M
EBITDA 137,325.25M 107,749.16M 104,732.71M 124,863.15M 135,112.14M
Diluted EPS -8.24 2.58 4.54 8.68 11.71
Dividends Per Share 3 3.25 4.25 5 6
Total Assets 708,863.56M 676,889.53M 628,121.29M 632,256.47M 669,464.00M
Total liabilities 337,241.02M 306,094.11M 289,980.92M 280,915.02M 318,423.32M
Total equity 371,622.54M 370,795.41M 338,140.37M 351,341.44M 351,040.68M
Operating cash flow 90,599M 73,590.61M 85,214.01M 103,838.56M 108,953.30M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 5,420.37M 4,257.78M 4,353.35M 5,314.68M 6,154.09M
Gross Profit 1,816.83M 1,522.56M 2,028.16M 2,773.62M 3,257.11M
Operating income 1,116.53M 945.50M 1,411.32M 2,012.36M 2,328.93M
Income before tax -438.61M 615.80M 773.54M 1,847.18M 2,234.63M
Net income -954.22M 285.43M 531.39M 1,066.72M 1,498.40M
EBITDA 4,006.84M 3,054.06M 3,086.40M 3,862.47M 4,352.16M
Diluted EPS -0.24 0.07 0.13 0.26 0.37
Dividends Per Share 0.08 0.09 0.12 0.15 0.19
Total Assets 19,698.86M 18,901.98M 19,273.43M 19,418.19M 22,349.92M
Total liabilities 9,371.71M 8,547.60M 8,897.84M 8,627.61M 10,630.49M
Total equity 10,327.15M 10,354.37M 10,375.58M 10,790.58M 11,719.42M
Operating cash flow 2,643.47M 2,085.86M 2,511.20M 3,212.10M 3,509.55M

Valuation Measures

Dec 2019
PER10.62
ROA7.14%
ROE13.24%
Operating margin37.84%
Profit margin24.34%

Key executives

  • President, Chief Executive Officer & Director: Phongsthorn Thavisin
  • Executive Vice President-Finance & Accounting: Sumrid Sumneing
  • SVP-Technology & Knowledge Management Division: Bundit Pattanasak
  • Vice President-Governance & Compliance: Kanes Supyaboonrod
  • Executive Vice President: Suchitra Suwansinpan

Shareholders

  • PTT Public Co., Ltd. (65.2%)
  • Social Security Office of Thailand (1.0%)
  • EGAT Saving & Credit Cooperative Ltd. (0.7%)
  • Government of Thailand (0.7%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • Norges Bank Investment Management (0.3%)
  • APG Asset Management NV (0.2%)
  • The Caisse de depot et placement du Quebec (0.0%)
  • Aberdeen Asset Investments Ltd. (0.0%)
  • The Vanguard Group, Inc. (0.0%)

Contact Details

  • Website:http://www.pttep.com
  • Address: 555/1 Energy Complex Building A, 6th,19th-36th Flr, Vibhavadi-Rangsit, 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 25 Sep, 2020

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