PTT_2010_AnalystMeeting

8/6/2019 PTT_2010_AnalystMeeting

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Draft

4Q/2010


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Disclaimer

Disclaimer

The information contained in our presentation is intended solely for

your personal reference only. In addition, such information containsprojections and forward-looking statements that reflect our current

views with respect to future events and financial performance. These

views are based on assumptions subject to various risks and

uncertainties. No assurance is given that future events will occur,that projections will be achieved, or that our assumptions are

2

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ContentsContents

Hi hli ht & PTT As iration

Expansion & Growth

2010 Financial Performance

2011 Economic and Market Outlook

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Highlight of activities to dateProactive in M&A

Investment/M&A

ana an an s, acqu s on y

PTTCH & PTTAR merger, creating synergistic value

SAR Coal, increasing to 45.6% shareholding

Laos Xayaburi Hydro power project, investing 25% w ith CK

Bangkadee SPP power project, investing 23% w ith B.Grimm

Operation GSP6 started Testing & Comm issioning since 4Q/10

- ,

NGV 2 baht subsidy extended to June 30, 2011

Montara action plan accepted by Australian government

Finance

100-year Baht bond, first time ever for Bt4,000 mm at 5.9% p.a.

Moodys ratings downgraded to sovereign level at Baa1

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Becoming Thai Premier Multinational Energy Company

PTT Groups Vision & Aspiration

Aspiration : Becoming a Global Fortune 100 Company by 2020With To uarti le Performance and on DJSI b 2013

Balance All Stakeholders InterestsStrategic Framework

HPO

EconomicShare

holdersShare

holdersCustomers

NationNation

Customers

Enhance through

Shareholders

Sustainable Grow thStrategy

Social Environmental PartnersPartnersEmployeesEmployees Partners

People &Society

eop e&

Society

Sustainable growth, DJSILONG

Top quartile ROICin all businessesSTRONG

BIG

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PTT Groups strategic directionEnergy diversification

Non- AsiaAustralia, N.A si a and S . Asi a

ASEANThailand

Internationalization

UpstreamGas

UpstreamOil

tion

al

ma

terials

Keep core value chain expansion Drive E&P growth (900 kbd)

Accelerate Petchem consolidation,

Top Oil and Gas

player

Coal

OthersConven

Energy

Nuclearls

Enhance value chain game inadjacent energy businesses todiversify

ar e ac s ra egy

n

Solar

Hydroative

y/mate

ria

Energy conglomerate

Grow coal mining w ith large scaleand move into trading

Consolidate and expand powerersifica

ti

Bio-based

n

Alter

Ener

Real estate

nfr

a

por o o pr or z ng c ean

Capture bio-route growth throughsugar/ cassava based and oleochemvalue chain develo ment

Di

Retail

Othersthers

I

Businessconglomerate

Seed opt ions to playconglomerate game Retail in Thailand

Palm plantation in

Indonesia (CPO)

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ContentsContents

Hi hli hts & PTT As iration

Expansion & Growth



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PTT : Oil and Trading BusinessPTT : Oil and Trading BusinessMarket leader in Thailand, going international

Thailands MarketThailands Market ShareShare

3%Others

36%22% Best in class operationo Depot & Logistics management

9%9%

9% Increase non-oil business

o Life station, Jiffy, Amazon

Grow Internationallyo Retail & Lube in Asiao Expand trading network

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PTTEP UpstreamMajor projects coming to production

Expected Sales VolumeExpected Sales Volume

000 BOED

Proved Reserves 1,043 MMBOEProved Reserves 1,043 MMBOE

300

350

265273

319 311316

150

200

Bongkot

Arthit Domestic59%

verseas

41%

50

100

Others Reserves Replacement Ratio 1.33 >1

Policy

,Montara,

Vietnam 16-10

2011 2012 2013 2014 20152010

Reserve Life Index (year) 9

Bongkot

South

M9

AlgeriaMTJDA KKD Oil Sands

Vietnam 16-1Montara

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Oil Refinery SectorOil Refinery SectorFocus on value creation and products quality improvement

2010 2011 2012 2013 2014 2015 Total

275,000 bpd

Ethanol UBE

BenzeneDerivatives

Lube Base

220MW

,

280,000 bpd

GTs Nox/ Bio-diesel/VRU

EURO IV $ 265 MM

215,000 bpd

Power plant

220MW

Phoenix

Propylene

Booster

Phoenix

ABS/SAN

Expansion

Phoenix

Phoenix Phoenix

Propylene 237KTA

,

EURO IV Solar PowerPlant

32MW

Solar PowerPlant

48 MW

- $ 509 MM

, p Plant38 MW

Ethanol UBE

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Major expansion in 2011

Petrochemical Sector

Olefins 1,588 KTA

Ethylene 1,000 KTA HDPE 300 KTA 1 300MMPolymers 590 KTA

EO-Based 515 KTA

Oleochem icals 962 KTA

LLDPE 400 KTA LDPE 300 KTA

Bis-Phenol-A 150 KTAPhenol 200 KTA Acetone 125 KTA

$251MM

PP 450 KTA

PP 300 KTAPropylene 310 KTA

$636MM

AN 200 KTAMM A 70 KTA $760MM

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ContentsContents

Hi hli hts in 4Q/2010

Expansion & Growth



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Performance HighlightsPerformance HighlightsNet profit jumped in 2010

6278 74 84

+14% QoQ

16 %7%

2%

Dubai ($/bbl)

+26% YoY 4Q/2010

Petrochem

Gas

PTTEP

1,586,174

1,900,005

23 %

51 %

1%n t : a t

+7% QoQ

US$ 16,381

mm

OilMarketing

IntlTrading

Coal

461,402 ,

+17% YoY Petrochem

Others0.1% Oil Mkt

6% Int Trd

Coal3%

Revenue

142,704 167,37528%

+8%QoQ

Gas

TM 12%S&M 5%

US$ 1,385

mm

1%

-1%

, ,63 %PTTEP

Others 3%

+40%YoY Others-3%

EBITDA

59,548

83,088

21,705 21,67837%26%

US$ 720

-0.1% QoQ PTTRefining

Asso.

Net Income

2009 2010 3Q/10 4Q/1031%

9%mm

Petrochem

Affi.

PTTEP21.06 29.26 7.64 7.62EPS15/20


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Debt Profile : Control Cost & Manage RiskDebt Profile : Control Cost & Manage RiskManaged debt according to financial risk and policy

Debt Portfolio

ConsolidatedConsolidatedPTT OnlyPTT Only

: Cost of debts ~ 4.62 %

: % fixed-rate ~ 85.13 %: Avg. debt life ~ 6.8 years

: Cost of debts ~ 4.96 %

: % fixed-rate ~ 89.11%: Av . debt life ~ 7.7 ears

Unit : MM Baht 343,138370,262

84,147114,442

THB USD

238,614257,433

(25%)

266,185(31%)

x

67,530

63,979 68,308

79,493

(33%)

(33%)

(25%)

206,300(26%)

138,770

193,454 197,877

159,121

, ,

(67%)(67%)

(75%)

(75%)(74%)

(69%)

31 Dec 08 31 Dec 09 31 Dec 10 31 Dec 08 31 Dec 09 31 Dec 10

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ContentsContents

Hi hli hts in 4Q/2010

Expansion & Growth



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hank ouhank ou

PTT Public Company Limited Investor Relations DepartmentTel. +66 2 537-3815, Fax. +66 2 537-3948, Email: [email protected], http://www.pttplc.com, http://www.twitter.com/PTTIR


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Statements of Cash flows (Company Only) : For the year endedStatements of Cash flows (Company Only) : For the year ended 20102010

Finance(18,025) MB

Operating65,701MB

Unit : MM Baht

CAPEX & Investment(29,133) MB

CashEnding

CashBeginning

Chan e in NWCRepayment

33,447

4,762 CAPEX(PP&E)

20,051

50,419

OthersFinance

42,768,

NonCash

60,939

Investmentand

Loantoaffiliates40,305 Dividend

Received

18,425

Ot erInvestments

12,798

34,996

CashInflowCash&Cash

Equivalent

Cash&Cash

Equivalent

61,311

CashOutflow

3131 DecDec 0909 3131 DecDec 1010Cash In (Out) 18,543MB

42,768

22

1 AdjusteffectonExchangetoCashandCashequivalent1MMBaht

2 STinvestments,OtherLTinvestmentsandInterestreceived

3 Shareissuance,DividendpaidandInterestpaid


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PTTEP: The only Exploration and Production Arm of PTTExpand activities to meet the aspiration

Proved Reserves 1,043 MMBOEProved Reserves 1,043 MMBOEOperations : 44 Projects in 13 CountriesOperations : 44 Projects in 13 Countries

By Product By GeographyNorth America(1) Canada

29%

North Africa (4)

Middle East (2) Oman Bahrain

Thailand (19)*

Gas71% Domestic

59%

Overseas41%

Egypt

South East Asia (14) Myanmar

Vietnam

Indonesia

Reserves Replacement Ratio 1.33

Australasia (4) New Zealand Australia

Malaysia

Projects

eserve e n ex year

Key project areasKKD Oil Sands Australasia Myanmar

2323

Exploration 21

Development 4

Production 19

Total 44*Remark: Including overlapping area

23

23


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PTT : Natural Gas Sales & Transmission PipelineContinuing demand growth due to the economic recovery

Customer ProfileGas Sales Volumes (mmscfd) @ heat 1,000

EGAT IPP SPP GSP Indus try NGV

2010 2009 2008 2007 2006

Existing pipelines capacity 4,380 mmscfd

4,1525% 5%+14% YoY

4,040+13%YoY 4,148

+13%YoY-0.1% QoQ

650 714 763369

444

04

451 448134

184

151

4,055

4,152 4,1483,686

16%

11%

18%

11%2010

avg. 4,040

3,554-0.1% QoQ

903943

35951 856

454

47567

475 4803,801

3,606 3,677 3,686

3,6552008

avg. 3,443

2009

avg. 3,554

23%

12%

21%

11%

1,0971,344 1,138 1,376

1,3903,280

3,346 ,

3,2163,167

3,319 3,3183,284

3,1053,138

2006

av . 3 084

2007avg. 3,272

33% 34%

2009 2010 4Q/ 09 3Q/ 10 4Q/ 10

,3,075

1Q 2Q 3Q 4Q

25

The government extend NGV capped price at Bt 8.50/kg until 30 June, 2011 with

compensation to PTT at Bt 2/kg.


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PTT : Gas Separation PlantsBetter earnings driven by higher sales volume

Product Prices ($/ton) Sales Volume (x 1,000 tons)

1,0651,163

2 69 268

Propane

Ethane1,134

1,222 1,209

1,2711,3401 159

1,260

1,419 PP 1/ 6%

27%HDPE 1/

4,2904,213

+19% YoY

2,356 2,322

52 3 53 7NGL

LPG

,,

505 66062 1

60173 3

511713 657 615

261 299 255 309 30 2333 333 332

333 33 3Domestic LPG

9%

12 %27%

LPG 2/ 13%

54%

Naphtha 3/

Cost of sales

1,035 1,1841,231

2009 2010 4Q/09 3Q/10 4Q/102009 2010 4Q/09 3Q/10 4Q/10Note: 1/ SEA Spot

2/ Contract Price (CP 50:50)

52 %

% Utilization 94% 92% 96% 98% 98%

3/ MOPS

ProductPrices 2010 4Q/10 SalesVol. 2010 4Q/10

%YoY %YoY %QoQ%YoY %YoY %QoQ

HDPE 8% 5% 14%

PP 23% 22% 13%

Total 2% 19% 4%

Propane 0.4% 58% 49%

Ethane 9% 22% 7%

26Note: Sales volume exclude LPG purchased from petrochemical producers for resale

Nap t a 31 18 22

Costofsales 15% 18% 2%

NGL 3% 18% 9%

LPG 2% 13% 4%


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PTT : Oil BusinessPTT : Oil Business

Market leader in oil retails at 36% market share

Unit : Million liters

Oil Marketing : sales volume ~240 KBOE/d Thailands Market ShareThailands Market ShareAs of DecemberAs of December 20102010

36%

22%

3%Others

13,008+6%YoY+5% QoQ13,953

16%

11%

11%Jet/IK

Fuel Oil

9%12%

9%

9%3,6003,410 3,424

41%

41%

21%

21%

16%

10%

12%

Gasoline

LP G

Diesel

Source : Department of Energy Business, PTT (Excluded supply sales and LPG sold to Petrochem)

Intl Trading : trade volume ~1,075 KBOE/d GrossGross MarginMargin Oil Mktg.Oil Mktg.Unit : Baht/Liter

Source : Department of Energy Business

2009 2010 4Q/ 09 3Q/ 10 4Q/ 10

3%

Petrochem

Refined Prod uct

0.81

0.81

0.85n : on ers

+3%YoY +6%YoY+11% QoQ

58,251

60,256

20092009

44Q/Q/0909

33Q/Q/1010

20102010

70%

12%

15%

14%

3%

Condensate

Crude 0.82

.

0.02

Trading MarginTrading Margin14,219

15,72214,822

20092009

44Q/Q/1010

71%

12%

2009 2010 4Q/ 09 3Q/ 10 4Q/ 10

0.004

0.06

0.01

.

27Source : PTT, Note : excluded inter company volume

44Q/Q/0909

33Q/Q/1010

20102010

44Q/Q/1010


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Petrochemical AffiliatesHigher performance QoQ from increased sales volume and spread margins

Product Prices - Propylene ChainProduct Prices - Ethylene Chain

1,134

1,222 1,2091,120

1,271

1,051 1,152

1,340

1,159

1,260

1,419

1/

1/

617868

775 761

1,001864

1,075 1,056902

505660 621 601

733883

1,130 1,018 1,062

,

505 660 621 601

733Propylene1/

Naphtha2/

Ethylene1/

MEG1/

Naphtha2/

2009 2010 4Q/09 3Q/10 4Q/102009 2010 4Q/09 3Q/10 4Q/10

Note : 1/ SEA spot 2/MOPSSource : ICIS

. .Unit : MM Baht

PP% Utl

Unit : MM Baht

HDPE % Utl 106% 93% 91% 106% 98%

e ns

2,769 2,7841,949 2,244

83%77%

15,548 16,720

4 2916,802

10,290

92%71% 83%

66%

76%

28

588 ,364 518

2009 2010 4Q/09 3Q/10 4Q/10EBITDA NI

, , ,2,234 2,030 2,771

2009 2010 4Q/09 3Q/10 4Q/10EBITDA NI


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RefiningAssociatesGRM&GIMRefiningAssociatesGRM&GIMImproved Market GRM & GIM

1212Unit : US$/ bbl Unit : US$/ bbl

1010.0MarketGIM

AccountingGIM10MarketGRM

AccountingGRM

8

6.27.3

6.9 7.18.

64.9

4.05.3.

5.06

4.34.7 4.9

4.1

5.14.6

221.9

2.6

000.04

29

Note: Weighted Average GRM of PTTs associates complex refineries (TOP,

PTTAR, SPRC and included BCP in year 2010)

Note: Weighted Average GIM of PTTs associates integrated refineries

(TOP, PTTAR and IRPC)

Note: Account GRM/GIM = Market GRM/GIM + Hedging Gain/Loss + Stock Gain/Loss


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RefiningAssociatesRefiningAssociatesLower performance YoY from the narrowed GRM & GIM

TOP275kbpd(PTT49.10%)Unit : MM Baht

21,393

17,432

12,062

99 95 95 97 94

20,031

102 103 104 105 105

.

3,637 3,9956,642

,

1,611 2,3233,596

2009 2010 4Q/09 3Q/10 4Q/10

13,490

4,190

1 703

6,562

9,162

6,343

1,498

3,807

2009 2010 4Q/09 3Q/10 4Q/10

9,124 9,207

5 534

.

*

*

66 81 70 80 83

1,122 2,1533,677

,

553 1,2892,352

2009 2010 4Q/09 3Q/10 4Q/10

IRPC215kbpd (PTT39.02%)

* Unaudited preliminary figures

**

9,728 8,322

735 2,3515,415 6,183

-929329

2,251

2009 2010 4Q/09 3Q/10 4Q/10

6686 73 89

BCP120kbpd (PTT28.29%)

-6,706EBITDA NI % Utl

,

6,165

1,896 1,221 2,157

7,524

2,8131,078 507 1,089

2009 2010 4Q/09 3Q/10 4Q/10

30


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PTTs Strategic Importance to the Thai EconomyThai Premier Multinational Energy Company

PTT has the largest market cap on the SET

PTTEP7.5%

PTTCH2.7%

TOP

SET Market Cap = Baht 8.1 trillion

OTHERS72.7%

PTT12.0%

.

IRPC1.4%

PTTAR

roup27.3%

.

BCP &

OTHERS0.4%

Data as of 1 March 2011

Pub l i c ,

VayupakFund,15%

Min istry ofF inance,

3131

Data as of 10 September 2010

51%

Note : * DJSI = Dow Jones Sustainability IndexRemark: * DJSI = Dow Jones Sustainability Index


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Natural Gas Balance: 2010Main driver of the Thai economy

SupplySupply ProductionProduction SalesSales

Indigenous (79% )3,205 MMscfd

Ethane/Propane/

NGL

Total 4,012 MMscfd

Feedstock(9%)Chevron

32%Mitsui

Others22%

1,865 MM scfd 652 MMscfd (16% )

HouseholdTransportation(7%)

LPG/NGLPTTEP31%

9%

5 GSPsTotal Capacity

Import (21% )

853 MMscfd Power (68%)P i eline 1 340 MMscfd

Methane1,213 MMscfd

1,865 MMscfd

Industry (11%)NGV (5%)Myanmar

853 MMscfd

Remark: MMscfd = Million Cubic Feet @ Heating Value 1,000 Btu/ cu.ft33


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Oil Balance: 2010Adequate refining capacity maintains the stability of supply

SupplySupply ProductionProduction SalesSales

Imported Refined Petroleum Products 54 KBDImport (79% ) Domestic

870 KBD

Condensate816 KBD

e neProducts834 KBD

Total Refining Capacity in Thailand:1,092 KBD

751 KBD (1 )Crude/Condensate

n genous

Export236 KBD

PTTs Associated Refineries : 905 KBD(TOP, PTTAR, SPRC, IRPC,BCP)

Others Refineries : 187 KBD

(ESSO, RPC)

RefinedProducts

Crude Export 31 KBD

Source: PTIT

Remark : (1) Included domestic supply of LPG/ Propane/NGL from GSPs, Petrochemical Plants & Imported Volume

KBD = Thousand Barrels per day

34


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ThailandsThailands projected energy demandprojected energy demand

Commercial Primary Energy Consumption

180,000

KTOE

161,323

140,000

160,0007%

16%

138,599

118,9866%

3%

2%

100,000

120,000

Hydro/Import 19%Renewable

2%

102,264

86,68913%2%

17%

15%

16%

3%

15%

40,000

60,000

,

33%

13%

NaturalGas28%

38%32%

36%

0

20,00040% Oil 27%32% 28%30%

Source : EPPO/ PDP 2010/ PTT team analysis 35

N t l G St d I i D d L TN t l G St d I i D d L T


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Natural Gas : Strong and Increasing Demand over Long TermNatural Gas : Strong and Increasing Demand over Long TermNatural gas is a fuel of choice for power producers and transportation industry

Gas demand forecast (CAGR duringGas demand forecast (CAGR during 20102010--20302030)): Total ~: Total ~ 11%%

6,000mmscfd

: ower ~: ower ~: GSP ~: GSP ~ 22%%: Industry ~: Industry ~ 33%%: NGV: NGV ~~ 11%% 55,,236236

4,000

5,000

IndustryIndustry1616%%

NGVNGV

44%%

3,000GSPGSP

1717%%11 970970

1111%%1919%%

2,00088%%

1515%%

1,000

PowerPower7777%% 6868%% 6161%%

36

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

Source : PDP 2010

Natural Gas Price StructureNatural Gas Price Structure


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Natural Gas Price StructureNatural Gas Price StructureGas prices are mostly agreed under long-term contracts and volatility pass-through to ensure stable returns.

CustomersCustomers Sales Price StructureSales Price Structure

Gas Pool PriceGas Pool Price Supply MarginsSupply Margins Pipeline TariffsPipeline Tariffs+ +

Pow er Producers ~Pow er Producers ~ 6868%%

: EGAT ~: EGAT ~ 3333%% 11..7575%%

: IPP ~: IPP ~ 2323%%

: SPP ~: SPP ~ 1212%%

Average PurchasedAverage PurchasedGas PriceGas Price

11..7575%%

99..3333%%

~~ 2121..77 Bt M MBtuBt M MBtu

(Td(Td 2020..65536553 ++

TcTc 11..11121112))

GSP ~GSP ~ 1616%% Charged at the same price structure of pow er producersCharged at the same price structure of pow er producers

Petrochemicals Feedstocks:

Ethane, P ropane, LP G P rofit-sharing mechanism based on mark et prices of petrochem icals

Reference to Saud i A ramcos cont ract r ice

NGL Reference to Naphtha market price

Local Cooking Gas

Ex ort Cookin Gas

Capped at ~330 USD/ ton

Industry ~Industry ~ 1111%% Charged at prices comparable to fuel oilCharged at prices comparable to fuel oil

NGV ~NGV ~ 55%% Capped atCapped at 88..55 Baht/ Kg*Baht/Kg*

3737

Thailand's Energy Regulatory Commission has approved an increase in pipeline tariff (Td+Tc) from 19.7 to 21.7 Bt/ MM Btu

effective on 1 April, 2009.* Government subsidies* Government subsidies 22 Baht/ kg from Oil Fund unti l FebruaryBaht/ kg from Oil Fund unti l February 2828 thth ,, 20112011

Note : 2010 data

Contract periods are ~ 25-30 years or until depletion of gas fields or the expiration of concessions

Oil P i M t O K V l D i


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Oil Prices Movement : Our Key Value Driver

Crude FO Gasoline HSD

Petroleum prices

160

USD/BBL 4Q/ 10 vs 3Q/ 10 14% 10% 15% 11%

4Q/ 10 vs 4Q/ 09 12% 7% 18% 18%

116.8

113.3100

120 Dubai 2009 avg. = $62/bblDubai 2010 avg. = $78/bbl

91.1

59.167.9

75.4 75.9 78.0 73.9 84.46080

52.744.1

0

20

40

FO Dubai ULG95 MOP 'S HSD MOP 'S

1Q/ 08 2Q/ 08 3Q/ 08 4Q/ 08 1Q/ 09 2Q/ 09 3Q/ 09 4Q/ 09 1Q/ 10 2Q/ 10 3Q/ 10 4Q/ 10

Dubai 91.1 116.8 113.3 52.7 44.1 59.1 67.9 75.4 75.9 78.0 73.9 84.4

Price (USD/ BBL)

38

FO 74.6 92.6 102.6 45.1 39.0 53.4 64.9 70.9 72.8 71.4 69.1 76.1

Gasoline MOP'S 105.1 129.8 119.6 56.7 54.8 68.8 76.8 80.5 88.2 87.5 82.5 95.0

HSD MOP'S 114.4 154.5 139.5 70.5 53.2 66.4 74.9 81.6 85.2 89.5 86.3 96.0

38

Petrochemical Market Reference Prices: Dri en b Cr de Oil Price


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PetrochemicalMarket Reference Prices: Driven by Crude Oil Price Aromatics prices

LPG Na tha PP HDPE Benzene ParaX lene

Petrochemical prices

$/Ton$/Ton

4Q/ 10 vs 3Q/ 10 30% 22% 13% 13%

4Q/ 10 vs 4Q/ 09 22% 8% 22% 5%

4Q/ 10 vs 3Q/ 10 14% 36%4Q/ 10 vs 4Q/ 09 11% 22%

1,6071,800

2,000

1,800

2,000

1,510

1,419

1,2711,200

1,400

,

1,169 1,245

1,200

1,400

,

832

801854

733

600

800

1,000 1,051954

600

800

1,000

200

400

0

200

400

39

LPG N apht ha PP HDPE Benzene PX

Source: PLATTS & ICIS 39

Dividend Policy & Historical PaymentsDividend Policy & Historical Payments


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Dividend Policy & Historical PaymentsDividend Policy & Historical PaymentsPTT is f irmly committed to pay dividend at no less than 25% of net income

EPS DPS % Dividend P ayout

32.4% 32.6% 29.8% 30.1% 30.3% 30.8%33.0%

43.6%40.4%

35.0%

PTTs minimum payout ratioPTTs minimum payout ratio

34.14 34.82

UNIT : Baht / shareUNIT : Baht / share

22.40

.29.26

13.43

18.33

.

7.718.75

2.854.00

6.75

9.2510.50 .

8.00 8.5010.25

40

.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010


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Coal business (PTT controls 27% shareholding in Straits Asia)


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Coal business (PTT controls 27% shareholding in Straits Asia)Expected production boost-up from the Northern lease license

82 73 82 72 76

Sales Volume & Price Production Profile

8.5 9

10.7 1114

17

Sebuku

Avg. sales Price US$/ Ton

9,210 Kt

Unit : MM Tons

10,712 Kt % QoQ %YoY

Vol. +6% +2%ASP +6% -7%

2,900 Kt2,855 Kt

%YoY

Vol. +16%ASP -11% 2,741 Kt Sebuku

Jembayan

Target

Target

Target

JORC Coal Reserves Total 134 MM tonsJORC Coal Resources Total 1 538 MM tons

Note: The average selling price is FOB basis

2009 2010 4Q/ 09 3Q/ 10 4Q/ 10

Unit : MM tons

Unit : MM tons

Jembayan

7

610

928

SebukuJembayan

42

42

42

e u u127

As of Aug 2010 As of Aug 2010

XayaburisXayaburis Fact SheetFact Sheet


43/43

Xayaburi sXayaburi s FactSheetFactSheet

Thisprojecthastotalinstalled

capacityof1,285MW,locatedaway

fromLuang Prabang approximately80

kilometers Apowerpurchaseagreementtosell

electricitytoEGATof1,220MWand

Thetotalconstructionperiodis

approximately8yearswhichitwillbe

expecte tocommercia operation

withinJanuary2019

Aconcessiona eriodof29 ears Theregistered capitalisBaht800million

e o a pro ec cos sapprox ma e y

Baht115,000million

PTThasjointlyinvestedinXayaburi

43

PowerLimited(XPCL)with25% viaNatee

SynergyCompanyLimited

Documents

PTT_2010_AnalystMeeting