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
Financial Highlights
Dec 2022 | THB | USD |
Revenue | 3,367.20B | 96,004.94M |
Gross Profit | 460,476.83M | 13,129.01M |
Operating income | 316,249.60M | 9,016.83M |
Income before tax | 206,713.04M | 5,893.75M |
Net income | 91,391.10M | 2,605.72M |
EBITDA | 483,579.60M | 13,787.71M |
Diluted EPS | 3.19 | 0.09 |
Dividends Per Share | 2 | 0.05 |
Total Assets | 3,415.63B | 98,617.94M |
Total liabilities | 1,881.93B | 54,336.35M |
Total equity | 1,052.59B | 30,390.96M |
Operating cash flow | 165,763.97M | 4,726.22M |
Currency in THB | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 2,336.15B | 2,219.73B | 1,615.66B | 2,258.81B | 3,367.20B |
Gross Profit | 313,116.36M | 252,209.66M | 169,015.58M | 376,566.97M | 460,476.83M |
Operating income | 214,844.06M | 141,751.17M | 59,626.48M | 266,276.50M | 316,249.60M |
Income before tax | 210,505.08M | 149,072.49M | 60,938.53M | 210,648.06M | 206,713.04M |
Net income | 118,523.06M | 91,458.92M | 37,611.23M | 108,137.90M | 91,391.10M |
EBITDA | 338,437.03M | 274,955.17M | 199,506.48M | 413,066.50M | 483,579.60M |
Diluted EPS | 4.14 | 3.20 | 1.31 | 3.78 | 3.19 |
Dividends Per Share | 2 | 2 | 1 | 2 | 2 |
Total Assets | 2,353.68B | 2,486.96B | 2,544.18B | 3,071.38B | 3,415.63B |
Total liabilities | 1,036.11B | 1,185.92B | 1,258.33B | 1,598.44B | 1,881.93B |
Total equity | 874,325.24M | 878,604.10M | 882,040.40M | 1,006.69B | 1,052.59B |
Operating cash flow | 254,430.52M | 250,857.26M | 199,800.33M | 299,874.52M | 165,763.97M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 72,265.81M | 71,501.16M | 51,626.69M | 70,552.28M | 96,004.94M |
Gross Profit | 9,685.83M | 8,124.05M | 5,400.69M | 11,761.75M | 13,129.01M |
Operating income | 6,645.91M | 4,566.02M | 1,905.29M | 8,316.92M | 9,016.83M |
Income before tax | 6,511.69M | 4,801.85M | 1,947.22M | 6,579.41M | 5,893.75M |
Net income | 3,666.35M | 2,946.03M | 1,201.82M | 3,377.59M | 2,605.72M |
EBITDA | 10,469.09M | 8,856.72M | 6,374.99M | 12,901.78M | 13,787.71M |
Diluted EPS | 0.12 | 0.10 | 0.04 | 0.11 | 0.09 |
Dividends Per Share | 0.06 | 0.06 | 0.03 | 0.06 | 0.05 |
Total Assets | 72,287.53M | 83,026.82M | 84,919.32M | 91,943.84M | 98,617.94M |
Total liabilities | 31,821.76M | 39,591.88M | 42,000.59M | 47,850.45M | 54,336.35M |
Total equity | 26,852.74M | 29,332.02M | 29,440.60M | 30,136.09M | 30,390.96M |
Operating cash flow | 7,870.46M | 8,080.49M | 6,384.38M | 9,366.32M | 4,726.22M |
Valuation Measures
Dec 2022 | |
PER | 10.39 |
ROA | 2.81% |
ROE | 8.87% |
Operating margin | 9.39% |
Profit margin | 2.71% |
Key executives
- President, Chief Executive Officer & Director: Auttapol Rerkpiboon
- Chief Financial Officer: Pannalin Mahawongtikul
- Senior Executive VP-Engineering & Infrastructure: Chansak Chuenchom
- Senior Executive Vice President: Worawat Pitayasiri
- Senior Executive Vice President: Chadil Chavanalikikorn
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%)
- Eastspring Asset Management (Thailand) Co., Ltd. (0.4%)
- SCB Asset Management Co., Ltd. (0.3%)
- Kasikorn Asset Management Co., Ltd. (0.3%)
- Krungsri Asset Management Co., Ltd. (0.1%)
- Thanachart Fund Management Co., Ltd. (0.1%)
Contact Details
- Website:http://www.pttplc.com
- Address: 555 Vibhavadi Rangsit Road, Chatuchak, Bangkok, 10900, Thailand
- Phone: +66.2.537.2000
Related Companies
- Arun Plus Co. Ltd.
- PTT International Trading USA, Inc.
- PTT Global Management Co., Ltd.
- PTTEP International Holding Co., Ltd.
- Partex (Brazil) Corp.
- PTT Treasury Center Co., Ltd.
- PTT Public Co., Ltd. /Oil & Retail Bus/
- PTT Oil and Retail Business Public Company Limited
- PTT International Trading Co. Ltd.
- PTTEP Group
- PTT International Trading London Ltd.
- Business Services Alliance Co., Ltd.
- PTT Energy Resources Co. Ltd.
- PTT Regional Treasury Center Pte Ltd.
- Global Power Synergy Public Company Limited
- SME Co., Ltd.
- PTT Energy Solutions Co. Ltd.
- Keloil-PTT LPG Sdn. Bhd.
- PTT Tank Terminal Co., Ltd.
- Subic Bay Energy Co. Ltd.
- PTT International Trading Pte Ltd.
- 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
Competitors
- Siamgas & Petrochemicals Public Co. Ltd.
- Esso Thailand Public Co. Ltd.
- PT Barito Pacific Tbk
- SUSCO Public Co. Ltd.
- Loxley Public Co. Ltd.
- Star Petroleum Refining Public Co. Ltd.
- PTG Energy Public Co. Ltd.
- Seven Utilities and Power Public Company Limited
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