Investor Presentaiton
1Q22 vs 4Q21 PTT Consolidated Performance (QoQ):
NI decreased from higher loss on derivatives despite improved margin and higher
stock gain
27,544
MMTHB
Net Income
7%
25,571
Net Income excl. Extra items
29%
34,475
1,643
9,255
1,835
3,294
19,926
OPEX
1Q22: (24,601)
4Q21: (26,244)
DD&A
1022: (37,145)
4Q21: (33,851)
Other Income
1Q22: 1,780
4Q21: (55)
Impairment
1Q22: 5
4Q21: (9,250)
48,234
Stock
Gain/(Loss)
1022: 27,309
19,861
4Q21: 7,383
4,039
645
1,706
1Q22: 139,993
4Q21: 120,132
6,103
11,011
10,971
Margin
(6,931)
4Q21
Remark:
1/ Others business mainly contributed from PTT LNG, PTT NGD, PTTT and PTTGM etc.
2/ New Business and Infrastructure business mainly contributed from power business
24,642
▲ >100%
2,965
FX &
Derivatives Int. & CIT Exp.
1Q22: (43,267) & Other
4Q21: 4,967
929
2,279
8
Extra
Items
Others/1
NBI/2
44%
▼ 99%
2,897 Oil &
1Q22: (38,503)
▲ 70%
Retails
4Q21: (35,538)
5,420
P&R
▼ 11%
6,872
PTTEP
▼ 38%
7,166
PTT
▼35%
1Q22
Extra Items*
(*PTT's portion net tax amount)
1Q22: PTT's discounted benefit from gas production shortfall ~+700
MB and gain from Ichinoiseki share divestment of GPSC~+350 MB
4Q21: Impairment loss ~-7,000 MB (PTTEP's Mozambique and
Yetagun projects, PTT's NGV, and GC's US project)
: Other items ~+100MB mainly from
-
PTT: Take or pay of Myanmar gas returned to gov. ~-2,700 MB
offset with gas discount from production shortfall ~+1,700 MB
Gain on disposal of gas pipeline in Egypt ~+1,400 MB
Others
Coal: Decreased in sales volume and higher loss on derivatives
+ PTTT: Increased from higher spread margin
NBI (mainly from power)
Lower GPSC's performance from increased gas and coal cost
Oil & Retail
+ Oil: Increased from both of sales volume and margin due to easing
of lockdown
-
Non-oil: Performance dropped from soften food and beverage sales
Petrochemical & Refining
Higher derivatives loss despite improved operating profit
Refinery
+ Higher stock gain and Mkt GRM due to improved product prices
and spreads
Petrochemical
Feed cost increased more than selling prices
PTTEP
Loss from oil price hedging following upward oil price trend
+ Higher avg. selling prices from higher liquid prices
+ Sales volume increased from Arthit and Zawtika project
PTT
- Higher loss on Derivatives
Gas
+ GSP: Higher avg. selling prices and sales vol.
S&M: Higher pooled gas cost despite higher overall gas sales
volume
NGV: Higher gas cost while selling prices were capped
Trading
Margin dropped from mark-to market loss
+ Sales volume increased
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