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 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

THB | USD

	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

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PTT Global Management Co., Ltd.
PTTEP International Holding Co., Ltd.
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Global Power Synergy Public Company Limited
SME Co., Ltd.
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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

Last Updated on 9 Jun, 2023