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Energy Minerals

PTT Exploration & Production Plc

  • 135.00 THB
  • 0.00
  • 0.00%
  • Thailand
    Aug 16, 2018
  • Ticker
    BKK(PTTEP)
  • Prev. close
    135.00
  • Market cap (THB)
    535,948M
  • Market cap (USD)
    16,099.37M
  • Shares
    3,969.98M

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. It business include exploration and production, related service business and proved reserves and production and sales. It operates through the following segments: Exploration and Productions, Overseas Pipelines, and Others. The Explorations and Production segment involves in the operation, joint venture partnership with oil and gas companies. The Overseas Pipelines segment invests with its joint venture partners for the operation of transport natural gas. The Others segment consists of investments in energy business projects. The company was founded on June 20, 1985 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue147,724.65M4,353.35M
Gross Profit68,822.66M2,028.16M
Operating income47,891.30M1,411.32M
Income before tax26,249.04M773.54M
Net income18,032.19M531.39M
EBITDA104,732.71M3,086.40M
Diluted EPS4.540.13
Dividends Per Share4.250.12
Total Assets628,121.29M19,273.43M
Total liabilities289,980.92M8,897.84M
Total equity338,140.37M10,375.58M
Operating cash flow85,214.01M2,511.20M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 224,972.69M 242,071.41M 185,770.57M 150,217.05M 147,724.65M
Gross Profit 143,780.18M 120,253.59M 62,267.59M 53,717.12M 68,822.66M
Operating income 108,185.63M 88,244.15M 38,266.69M 33,357.91M 47,891.30M
Income before tax 102,446.09M 56,306.89M -15,032.39M 21,726.11M 26,249.04M
Net income 55,893.88M 20,615.28M -32,703.67M 10,070.40M 18,032.19M
EBITDA 160,977.25M 180,345.01M 137,325.25M 107,749.16M 104,732.71M
Diluted EPS 14.08 5.19 -8.24 2.58 4.54
Dividends Per Share 8.70 4.50 3 3.25 4.25
Total Assets 707,867.76M 767,072.90M 708,863.56M 676,889.53M 628,121.29M
Total liabilities 323,331.52M 390,641.52M 337,241.02M 306,094.11M 289,980.92M
Total equity 384,536.24M 376,431.38M 371,622.54M 370,795.41M 338,140.37M
Operating cash flow 109,305.25M 133,229.40M 90,599M 73,590.61M 85,214.01M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 7,321.12M 7,452.12M 5,420.37M 4,257.78M 4,353.35M
Gross Profit 4,678.93M 3,701.98M 1,816.83M 1,522.56M 2,028.16M
Operating income 3,520.60M 2,716.57M 1,116.53M 945.50M 1,411.32M
Income before tax 3,333.83M 1,733.39M -438.61M 615.80M 773.54M
Net income 1,818.91M 634.63M -954.22M 285.43M 531.39M
EBITDA 5,238.56M 5,551.88M 4,006.84M 3,054.06M 3,086.40M
Diluted EPS 0.45 0.15 -0.24 0.07 0.13
Dividends Per Share 0.28 0.13 0.08 0.09 0.12
Total Assets 21,541.92M 23,315.28M 19,698.86M 18,901.98M 19,273.43M
Total liabilities 9,839.66M 11,873.60M 9,371.71M 8,547.60M 8,897.84M
Total equity 11,702.25M 11,441.68M 10,327.15M 10,354.37M 10,375.58M
Operating cash flow 3,557.04M 4,101.44M 2,643.47M 2,085.86M 2,511.20M

Valuation Measures

Dec 2017
PER22.02
ROA2.76%
ROE5.08%
Operating margin32.41%
Profit margin12.20%

Key executives

  • President, Chief Executive Officer & Director: Somporn Vongvuthipornchai
  • Executive Vice President-Finance & Accounting: Pannalin Mahawongtikul
  • Vice President-Information Technology: Ketmadee Paireepinart
  • Vice President-Compliance Department: Verasak Manchuwong
  • Secretary & Executive Vice President: Pranot Tirasai

Shareholders

  • PTT Public Co., Ltd. (65.2%)
  • Social Security Office of Thailand (0.9%)
  • The Vanguard Group, Inc. (0.9%)
  • Dimensional Fund Advisors LP (0.8%)
  • Norges Bank Investment Management (0.4%)
  • TMB Asset Management Co., Ltd. (0.3%)
  • APG Asset Management NV (0.2%)
  • The Caisse de depot et placement du Quebec (0.1%)
  • Schroder Investment Management Ltd. (0.0%)
  • Canada Pension Plan Investment Board (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

  • PTT Exploration & Production Plc /Montara Oil Project/
  • 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 Holding Ltd.
  • PTTEP Canada Ltd.
  • Ptt Flng Ltd.
  • Hess Exploration Thailand Co. Ltd.
  • Hess Thailand Holdings II Ltd.
  • PC Myanmar (Hong Kong) Ltd.
  • 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.
  • PTTEP Canada International Finance Ltd.
  • PTTEP Oman Co. Ltd.

Competitors

  • Total SA
  • Royal Dutch Shell Plc Class B
  • Chevron Corporation
  • Mitsui & Co.,Ltd
  • Chariot Oil & Gas Limited
  • Solo Oil Plc
Last Updated on 16 Aug, 2018

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