1Q/2016 MEDIA MEETING PRESENTATION

Transcription

1 1Q/2016 MEDIA MEETING PRESENTATION

2 Agenda ท ศทางกลย ทธ ผลประกอบการ โครงการสร างม ลค าเพ มทางธ รก จ (Value Creation Project) ความก าวหน าโครงการลงท น 2

3 ท ศทางกลย ทธ 3

4 Strategic Direction Sustain Core To be a Leading chemical company for Better living Accelerate Growth levers Balance Business & Social Value Performance excellence Maximize value creation Map Ta Phut retrofit International hub Performance chemicals Green business Sustainable development Effective CSR programs Stakeholder management 4

5 ผลประกอบการ 5

6 Overview Performance 6

7 Business Unit s Performance 7

8 Strong Financial Position Statements of Financial Position THB 378 Bn THB 386 Bn Loan Type Debenture, 47% ST Bank Loan, 0% Cash +ST Investment CA Liab. IBD THB 106 Bn LT Bank Loan, 53% Interest Rate Currencies PPE Non CA As of Dec 31, 2015 As of Mar 31, 2016 Share Holder s Equity 52% Fixed 60% THB 48% Float 40% USD & Others Cost of long term debts ~ 4.00% (Include W/H Tax) Average loan life after refinancing Years Repayment Profile THB Bn * After Refinance Total USD Bond THB Bond EUR Loan USD Loan THB Loan 1.59 Net IBD/EBITDA Key Financial Ratios NET IBD/Equity Mar Jun Sep Dec Mar % 7.57% Treasury policy Net IBD to EBITDA ratio of 2.4x Net IBD to Equity ratio of 0.7x 8 ROE 4.80% 4.92% 6.10% 4.27% ROA 8.99% 8.38% 7.36% 6.92% 31 Mar Jun Sep Dec Mar

9 โครงการสร างม ลค าเพ มทางธ รก จ (Value Creation Project) 9

10 Recent Development Value Creation Project Top Down Study Due diligence process to estimate project potential Detail Study Develop initiatives and execution plans Implementation Execute per plan to capture value 6 Weeks 12 Weeks 18 Months Plant Operational Excellence Marketing Excellence Capital Management Asset Utilization Streamline Work Process 10

11 ความก าวหน าโครงการลงท น 11

12 1Q/2016 Highlight ARO II Expansion on stream Commission : Dec 2015 COD : May 2016 Capacity : PX 115 KTA, BZ 35 KTA, OX 20 KTA CAPEX : MUSD EBITDA Uplift /Y*: 24 MUSD Phenol II commissioning Commission :Feb 2016 COD : May 2016 Capacity : PH 250 KTA AC 155 KTA CAPEX : 345 MUSD EBITDA Uplift /Y*: 63 MUSD VCR TH ready for commissioning Commission :2Q/2016 COD : 3Q/2016 Capacity : HDI Deriv. 12 KTA CAPEX : 43 MUSD Product : HDI derivative EBITDA Uplift /Y*: 9 MUSD Treasury Stock Program Closed Total repurchased 48,553,000 shares or 1.077% of the total paid-up capital at average price of baht/share. Repurchase period ended March 7. VCR FR ready for commissioning Commission : 2Q/ 2016 COD : 3Q/2016 Capacity : HDI Mono. 70 KTA CAPEX : 18 MUSD Product : HDI monomer EBITDA Uplift /Y*: 24 MUSD *EBITDA Uplift per year at mid cycle price 12

13 Recent Development MTP Retrofit Project Scope Build new Cracker 500 KTA ethylene for flexible feed cracker to utilize internal naphtha Maximize utilization of the existing utilities and support facilities to reduce investment cost Project Update Issued pre qualification enquiry package to prospect bidders. Awarded project manager contractor Issued conceptual design to licensors Completed EPCa Scope package Submitted BOI application Timeline : ITB 1Q/18 Construction COD

14 Automotive E&E Construction Recent Development PO & Polyols Project Polyols 130 KTA System House 40 KTA Licensor Project Update Completed PO & Polyols market survey Building sale & marketing strategy Ongoing FEED work and preparing ITB Preparing EIA report Negotiating feedstock arrangement Engaged FA and expect FID in 4Q/16 Timeline : PO Market Survey Polyols Market Survey Merchant Volume 20% 200 KTA 80% Reserved Volume Captive and Committed 80% System House 34% Base Polyol 66% After surveyed 106 customers, we have arrived to Potential Customers Merchant Market Market survey result concluded that SEA and India are the target market. Target market growth rate average at 5-7 % during The highest growth rate is in Automotive segment 6.8 % Marketing strategy is to focus on high value application segment 14

15 Recent Development US Petrochemical Complex Project Overview Project Timeline Project Detailed Feasibility Study 2017 Project Final Investment Decision (FID) 2017 Project Construction 2021 Project Startup Key Criteria for FID Investment cost justify investment return Enough ethane capacity with competitive pricing structure Partner can distribute products in N. America 15

16 Recent Development Growing in AEC Market Sign MOU with Sahapat and DITP to collaborate in product development, area development and market development Introduce InnoPlus customer to the area and conduct survey for investment interest Potential demand in AEC with high growth rate Estimated Demand for PE Product (KTA) in 2015 Three customers have confirmed to expand business in Mae Sot area Indo Thai Trading (ITT) Trading company, a JV between PTTGC and Pertamina to penetrate into Indonesia polymer market. Sales of ITT has been increasing with volume of approx. 9,500 / month ,

17 Q & A