PTT Public Co., Ltd.

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See more articles on PTT Public Co., Ltd.

Company Background

PTT is a Thai state-owned oil and energy company with the largest market capitalization on the Stock Exchange of Thailand. As gas resources in the Gulf of Thailand are starting to run dry, the company is pushing for resource development overseas. In 2012, its subsidiary PTT Exploration and Production spent about $2 billion to acquire Britain's Cove Energy, which owned interests in Mozambique, winning the bidding against rival Royal Dutch Shell.

As Thailand's finance ministry holds a more than 50% share, the company tends to be influenced by politics. After the military coup in May 2014, former Chairman Pranpree Bahiddha-Nukura, who was once the deputy leader of the Pheu Thai Party which led the toppled government, resigned from his post after less than a year. Many other board members appointed during the former regime followed suit. The current chairman, Piyasvasti Amranand, was energy minister in an earlier military-appointed government.

PTT is one of the main targets of the military government's push for the reform of state-owned enterprises. PTT has agreed to spin off its natural gas pipeline business to a new subsidiary in response to the government's initiative. President and CEO Tevin Vongvanich took office in October 2015 after his predecessor fulfilled his four year tenure. Tevin was the former chief executive of PTT's core subsidiary PTT Exploration and Production and had also served as PTT's chief financial officer from 2009 to 2012.

Business Summary

PTT Public Co., Ltd. is a holding company, which engages in the development and exploration of gas properties. It operates through the following segments: Gas, Petro & Refine, Oil & Training, PTT Exploration and Production Public Company Limited (PTTEP), and Other. The Other segment offers coal. The company was founded on December 29, 1978 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2021	THB	USD
Revenue	2,258.81B	70,552.28M
Gross Profit	376,566.97M	11,761.75M
Operating income	248,298.06M	7,755.37M
Income before tax	210,648.06M	6,579.41M
Net income	108,137.90M	3,377.59M
EBITDA	395,088.06M	12,340.24M
Diluted EPS	3.78	0.11
Dividends Per Share	2	0.06
Total Assets	3,078.01B	92,142.46M
Total liabilities	1,605.07B	48,049.06M
Total equity	1,006.69B	30,136.09M
Operating cash flow	299,874.52M	9,366.32M
	Currency in THB	Currency in USD

Historical Data

THB | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	1,995.72B	2,336.15B	2,219.73B	1,615.66B	2,258.81B
Gross Profit	307,260.61M	313,116.36M	252,209.66M	169,015.58M	376,566.97M
Operating income	192,784.30M	214,844.06M	141,751.17M	59,626.48M	248,298.06M
Income before tax	205,617.52M	210,505.08M	149,072.49M	60,938.53M	210,648.06M
Net income	133,516.58M	118,523.06M	91,458.92M	37,611.23M	108,137.90M
EBITDA	309,073.48M	338,437.03M	274,955.17M	199,506.48M	395,088.06M
Diluted EPS	4.67	4.14	3.20	1.31	3.78
Dividends Per Share	2	2	2	1	2
Total Assets	2,267.48B	2,353.68B	2,486.96B	2,544.18B	3,078.01B
Total liabilities	1,018.92B	1,036.11B	1,185.92B	1,258.33B	1,605.07B
Total equity	818,671.75M	874,325.24M	878,604.10M	882,040.40M	1,006.69B
Operating cash flow	292,724.19M	254,430.52M	250,857.26M	199,800.33M	299,874.52M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	58,812.68M	72,265.81M	71,501.16M	51,626.69M	70,552.28M
Gross Profit	9,054.77M	9,685.83M	8,124.05M	5,400.69M	11,761.75M
Operating income	5,681.23M	6,645.91M	4,566.02M	1,905.29M	7,755.37M
Income before tax	6,059.42M	6,511.69M	4,801.85M	1,947.22M	6,579.41M
Net income	3,934.65M	3,666.35M	2,946.03M	1,201.82M	3,377.59M
EBITDA	9,108.20M	10,469.09M	8,856.72M	6,374.99M	12,340.24M
Diluted EPS	0.13	0.12	0.10	0.04	0.11
Dividends Per Share	0.05	0.06	0.06	0.03	0.06
Total Assets	69,576.05M	72,287.53M	83,026.82M	84,919.32M	92,142.46M
Total liabilities	31,265.04M	31,821.76M	39,591.88M	42,000.59M	48,049.06M
Total equity	25,120.33M	26,852.74M	29,332.02M	29,440.60M	30,136.09M
Operating cash flow	8,626.40M	7,870.46M	8,080.49M	6,384.38M	9,366.32M

Valuation Measures

Dec 2021
PER	10.03
ROA	3.84%
ROE	11.45%
Operating margin	10.99%
Profit margin	4.78%

Key executives

President, CEO, Secretary & Director: Auttapol Rerkpiboon
Chief Financial Officer: Pannalin Mahawongtikul
Senior Executive Vice President: Worawat Pitayasiri
Senior Executive Vice President: Kongkrapan Intarajang
Executive Vice President: Wanida Boonpiraks

Shareholders

Government of Thailand (51.1%)
Krung Thai Asset Management Public Co., Ltd. (6.0%)
MFC Asset Management Public Co., Ltd. (Investment Management) (6.0%)
Social Security Office of Thailand (2.1%)
EGAT Saving & Credit Cooperative Ltd. (0.8%)
Norges Bank Investment Management (0.3%)
Eastspring Asset Management (Thailand) Co., Ltd. (0.3%)
Krungsri Asset Management Co., Ltd. (0.2%)
Victory Capital Management, Inc. (Investment Management) (0.0%)
APG Asset Management NV (0.0%)

Contact Details

Website:http://www.pttplc.com
Address: 555 Vibhavadi Rangsit Road, Chatuchak, Bangkok, 10900, Thailand
Phone: +66.2.537.2000

Related Companies

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PTT Global Management Co., Ltd.
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PTT Philippines, Inc.
PTT Retail Business Co., Ltd.
PTT International Co. Ltd.
PTT Green Energy Pte Ltd.
ConocoPhillips /147 Gasoline Service Stations/
Bangkok Polyethylene Ltd
Subic Bay Group
PTT Natural Gas Distribution Co., Ltd.
BCP Sukhapiban 3 Service Station
PTT Exploration & Production Plc

Competitors

IRPC Public Co., Ltd.
Siamgas & Petrochemicals Public Co. Ltd.
PT Barito Pacific Tbk
PTG Energy Public Co. Ltd.
Loxley Public Co. Ltd.
Star Petroleum Refining Public Co. Ltd.
SUSCO Public Co. Ltd.
Seven Utilities and Power Public Company Limited

Last Updated on 2 Dec, 2022