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Thailand Focus 2015 | December 3, · PDF fileDiesel Fuel Oil Benzene Toluene Paraxylene...

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  • Thailand Focus 2015 | December 3, 2015

    http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&docid=H6DC4_odhUKjHM&tbnid=nudTjvcp_k7FDM:&ved=0CAUQjRw&url=http://www.nokia.com/global/about-nokia/people-and-planet/news/sustainability-indices/&ei=o0dPU5OeNsaSrge9tIC4BQ&psig=AFQjCNFiq87N9yEmVdXSCGeYMpzlAN0JlQ&ust=1397789594109672

  • DISCLAIMER

    This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. PTTGC has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and PTTGC does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.

  • Agenda

    3

    STRATEGIC EXECUTION

    FINANCIAL PERFORMANCE

    PTTGCS BUSINESS OVERVIEW

  • Overview of PTTGC

    PTT Groups Chemical Flagship Thailands largest ethane-base cracker with integrated aromatics and refining business Highly competitive cost structure with pricing arrangement for gas feedstock based

    upon equitable return on investment for both PTT and PTTGC Fully integrated petrochemical and refinery operations with diversified product

    portfolio covering full hydrocarbon chain Committed to operational excellence targeting best in class/ first quartile business

    efficiency Ranked in Dow Jones Sustainability Indices Chemicals Sector for 2nd Consecutive

    Year

    PTTGC at a Glance

    Strong footprint in fast growing regions with 6 operating countries

    Shareholding Structure

    Historical Dividend Payment

    Dividend Policy >=30% Foreign Limit

  • Our Business Structure 7 Business Units

    LPG Light Naphtha Reformate Jet A1 Diesel Fuel Oil

    Benzene Toluene Paraxylene Orthoxylene Mixed Xylenes Cyclohexane

    Ethylene Propylene Mixed C4 Pyrolysis

    Gasoline Butadiene Butene-1

    HDPE LLDPE LDPE Polystyrene

    Ethylene Oxide Ethylene Glycol Ethanolamines Ethoxylate

    Methyl Ester Fatty Acid Fatty Alcohol Grycerin Specialty

    Oleochemicals Bioplastics

    Phenol Bisphenol A Toluene

    Dilsocyanate Hexamethylene

    Diisocynate and Derivatives

    280 KBD (1) 2,259 KTA 2,988 KTA 1,590 KTA 470 KTA 829 KTA 610 KTA

    Capacity* & Key Products

    Aromatics Olefins Polymers EO-Based Performance Green

    Chemicals High Volume

    Specialties Refinery

    Thailands Largest Petrochemical Player

    8.75 (Million Tons per Annum) Petrochemical Capacity

    280 (Thousand Barrels per Day) Petroleum Distillation Capacity (1)

    (1) Refinery = 145 KBD, Condensate Splitter Units = 135 KBD

    Aromatics Olefins Refinery

    1 2 7 3 4 5 6

    (1) Refinery = 145 KBD, Condensate Splitter Units = 135 KBD * Calculate proportionate by percent share

    5

  • Key Competitive Strengths

    Fully Integrated Operations with Flexible Feedstock,

    Enhanced Optimization and Diversified Product Portfolio

    Strategic location creates proximity to suppliers and

    customers

    Experienced Management with Strong Track Record

    Highly Competitive Cost Structure

    Strategic Relationship with PTT with Secured Feedstock Position

    and Offtake Agreements

    1

    2

    3 4

    4

    6

  • Domestic / Export Volume Portion Flexible Feedstock and By-Product Enhancement PTTGC's refinery is one of the most complex refineries in

    Thailand, with Nelson Index of 10.17 and refining capacity accounting for 13% of countrys total capacity

    Value enhancement from by-product exchange among Olefins, Aromatics and Refinery units highlights operational integration and efficiency:

    -CR from Aromatics units sent to Refinery to produce middle distillates

    -Pygas from Olefins unit sent to Aromatics for BTX -Offgas from Refinery sent to Cracker for Olefins products

    Feedstock Supply Product Marketing

    Refinery

    Aromatics

    Olefins & Derivatives

    Others

    Condensate

    Crude Oil

    Others

    Ethane, Propane, LPG

    C5-C9

    C10-C25

    C2-C4

    66%

    (1)

    46%

    54%

    Feedstock Supply Commercial Agreements Product Marketing Commercial Agreements

    Customers

    Others

    70%

    30%

    (1) PTT owns 50%, PTTGC and IRPC each owns 25% in PTTPM

    Others 34%

    Captive Use EO Based

    Polymers 79%

    21%

    Strategic Relationship with PTT with Flexible Feedstock and Secured Product Offtake

    1

    Domestic 70%

    Domestic 60% Domestic

    40%

    Export 30%

    Export 40% Export

    60%

    Refinery Aromatics Polymers

    Domestic 70% Import 30%

    7

  • Highly Competitive Cost Structure & Performance driven by Olefins and Derivatives

    2014 Global Ethylene Cash Cost by Region

    Source: IHS (formerly CMAI) Note: MDE = Middle East, NAM = North America, NEA = Northeast Asia, SEA = Southeast Asia, WEP = Western Europe. MDE cash costs are average values of Iran and Saudi Arabia.

    48%

    20%

    21% 5%

    5% 1%

    Typical Adj. EBITDA Breakdown

    16%

    16%

    56%

    3% 3% 5%

    Typical Revenue Breakdown

    % Adj. EBITDA Margin

    s

    s

    2

    3 8

    27

    5 7 10

    2

    10

    27

    14

    2

    10 4 3

    26

    4 5 10

    Refinery Aromatics Olefins Green HVS PTTGC

    2012 2013R 2014R

    8

    USD/Ton

  • Natural Gas

    Crude Palm Oil

    Crude

    Condensate

    Cracker

    Aromatics Plants

    Refinery

    Ethylene

    HDPE

    LLDPE

    LDPE

    MEG

    Propylene

    Oleochemicals

    Paraxylene

    Benzene

    PTAPET Fiber / Resin

    EO

    Ethanolamine

    Ethoxylate

    Cyclohexane

    CumenePhenol

    Acetone

    EB / SM

    PS

    BPA

    Methyl Ester( B - 100 )

    PC

    Caprolactam Nylon 6

    Fatty Alcohol

    MMA PMMA

    Epoxy Resins

    ABS

    SBR

    PP

    PTT Phenol

    Petroleum Products- LPG- Reformate- Light Naptha- Jet Fuel- Diesel- Fuel Oil

    Reformate , Heavy

    Naphtha

    Pygas

    Condensate Residue ,

    Hydrogen

    Light Naphtha

    C 3 ,C 4

    OffGas Mixed C 4 Butadiene

    PO

    PUTDI / HDI

    Toluene

    Polyols

    Orthoxylene

    Cracker Bottom ,

    Hydrogen

    PA Plasticizer

    REFINERY & SHARED FACILITIES

    AROMATICS OLEFINS POLYMERS EO-BASED

    PERFORMANCE GREEN CHEMICALS

    HIGH VOLUME SPECIALTIES

    Feedstock Upstream Intermediates Downstream Proximity to Suppliers and Customers

    Exchange Stream Products By-Products

    1st Screen for Further Feasibility Study PTTGC does not currently produce these products

    Not qualify for 1st Screen

    PLA

    Succinic Acid Succinic Acid Plant

    PLA Plant Agricultural

    Products

    PTA

    PA

    EB/SM

    Nylon 6

    HDI

    TDI

    Nylon 6,6

    PU

    Polyester Fiber/ PET Resin

    Plasticizer

    Nylon 6 Caprolactam

    Epoxy Resin

    System House

    Adipic Acid Phenol

    HDMA

    Oleochemicals

    Fully Integrated Petrochemical and Refinery Operations with Diversified Product Portfolio

    3 9

  • Strategic location of each plant in Map Ta Phut Industrial Complex creates proximity to suppliers and customers

    4 10

  • SVP Polymers Business

    Unit

    EVP EO Based

    Performance Business

    Unit

    SVP Marketing, Commercial and Supply

    EVP Finance and Accounting

    EVP Corporate Strategy

    EVP Organizational Effectiveness

    EVP External Affairs

    SVP Corporate

    Affairs

    SVP Science and Innovation

    EVP Project

    Executive Director

    EVP GPC Olefins

    SVP GPC Refinery

    and Shared Facilities

    SVP GPC Aromatics

    SVP CAPEX

    Excellence

    SVP Quality, Safety,

    Occupational Health and

    Environment

    Mr. Supattanapong Punmeechaow

    Mr. Prasert Bunsumpun Chairman

    Miss Duangkamol Settanung

    SVP Green

    Chemicals Business

    Unit

    SVP - Phenol

    Business Unit

    EVP International

    Business Operations

    Board of Directors

    President and CEO

    COU Upstream Petrochemical Business

    COD Downstream Petrochemical Business

    VP Internal Audit

    Audit Committee

    Risk Management Committee

    Nomination and Remuneration Committee

    CG Committee

    Mr. Patiparn Suko

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