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Good Corporate Governance of PTT Group. Mr. Wisarn Chawalitanon Acting President, PTT Philippines Corporation. At the 1 st Philippine International Corporate Governance Forum 2012 August 15, 2012 Marriott Hotel, Resort World, Pasay City, Metro Manila, Philippines. Agenda.

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slide1

Good Corporate Governance of PTT Group

Mr. WisarnChawalitanon

Acting President, PTT Philippines Corporation

At the 1st Philippine International Corporate Governance Forum 2012

August 15, 2012

Marriott Hotel, Resort World, Pasay City, Metro Manila, Philippines

slide2

Agenda

Good Corporate Governance of PTT

Overview of PTT Group

2

slide4

PTT GROUP ALREADY HAS SIGNIFICANT

MARKET PRESENCE IN INDOCHINA

  • Houakhong Trading
  • 27 oil Stations
  • 6 oil depots
  • Sales volume:4 MML/Mo.
  • (8.24 % mkt share)
  • Border trade: Mogas, Gasoil,
  • Lube, Fuel Oil, Bitumen
  • Border trade to Southern
  • Yunnan: Mogas, Gasoil, Jet
  • FST office (JV): jet fuel supply at HK airport
  • Rep. office at Guangzhou
  • (PTT Group)

Southern China

  • PTT Philippines Corporation
  • 51 Retail Gas Stations
  • 3 Oil Depots (Subic, Clark and Cebu)
  • Engage in Retail, Commercial,
  • Distributor & Aviation business
  • Sales volume : 60 MML/Mo. (3% Mkt. share)

Vietnam

Laos

Myanmar

Philippines

  • Border trade: Mogas, Gasoil
  • Sell Jet A-1 via vessel
  • Lube sales via dealer
  • E&P: rep. office & operation

Thailand

  • VLPG
  • - fill&sell LPG (45%)
  • - 1 LPG Depot
  • Lube Sales via agent
  • Solvent business (ThaiOil)
  • PTTPM rep. office
  • E&P operation

Cambodia

  • Port Klang depot: 216 KT
  • K1 floating: capacity = 283 KT
  • Share in Asian Petroleum Hub (APH)
  • KPL depot: 300 Tons
  • Oleochemical business (PTTCH’s JV)
  • PTT Cambodia
  • - 6 oil stations (PTT Cambodia)
  • - 3 oil depots
  • - 2 into-plane service (60% share)
  • Oil marketing: 15 MML/Mo. (15% Mkt . Share)
  • Border trade: Mogas, Gasoil, Lube

Malaysia

Indonesia

Singapore

  • PTTT office
  • PTTCH Inter office
  • Trading Gasoil
  • PTTGE
  • Coal business

Data as of April 2010

slide5

PTT Group is a driving force of Thailand’s economy

State remittance

Highest market cap in SET

Market Cap (million baht) %

PTT

11%

SET

PTT Group

PTT

PTTEP

PTTGC

TOP

IRPC

BCP

อื่นๆ

9,239,435

2,183,268

982,567

585,977

328,985

146,882

96,450

30,017

12,390

100.0

23.6

10.6

6.4

3.6

1.6

1.0

0.3

0.1

PTT Group

13%

Others

76%

As of 16 Feb 2012

GDP contribution

Shareholding structure

unit: billion baht

Social security

(1%)

(78% ofGDP)

Public

shareholders

Vayupak Fund 1

(15%)

Thai

(16%)

(18% of GDP)

foreign

(17%)

Total state shareholding 67%

(8% of GDP)

Ministry of Finance

(51%)

GDP ’2011*

SET

PTT Group

PTT

5

*GDP estimated by NESDB as of 21 Nov. 2011

slide6

PTT Group Vision

“Thai Premier Multinational Energy Company”

PTT Group Mission

HPO

To conduct integrated energy and petrochemical business as the nation's energy company whose mission is to equally respond to all stakeholders through the following aspects:

High Performance Organization

Economic

Sustainable Growth Strategy

Environ-

mental

Social

CG

CSR

Corporate

Governance

Corporate Social

Responsibility

PTT Corporate Values

Big

Synergy

Trust & respect

Innovation

Integrity& ethics

PerformanceExcellence

Responsibilityfor Society

“smart”

“good”

Aspiration : Becoming a Global Fortune 100 Company by 2020

With Top Quartile Performance and on DJSI by 2013

Strong

Long

“Top quartile performance”

Dow Jones

Sustainability

Indexes

6

slide7

Sustainable growth strategy

HPO

High

Performance

Organization

Economic

Sustainable Growth

Strategy

Social

Environmental

CSR

Corporate

Social

Responsibility

CG

Corporate

Governance

7

slide8

Board of Directors is comprised of more than half of independent directors

A total of 15 directors

(as of August 2012)

14 non-executive directors

1 executive director*

10 independent directors

5 directors

* Director and Secretary to the Board : President &CEO

“Stakeholders are ensured that directors can independently perform their duties with appropriate balance.”

8

slide10

Challenges of PTT’s Board of Directors in supervising PTT

as a state-owned enterprise and a listed company

From balancing between a state-owned enterprise and a listed company

Listed company roles

SOE roles

country

  • Observe government policies
  • Relieve energy price burden for consumers
  • Create benefits for shareholders
  • Grow business

VS

shareholders

Public/society/community

employees

suppliers

customers

To equitable balance among all groups of stakeholders

10

slide11

More supervision after PTT privatization

สตง.

ตลท.

ปปช.

Supervising Agencies

Business operation

Management

Energy operator

SOE

Listed co.

Energy Operation Act

Energy Regulatory Commission

สศช.

Analyst

shareholders

11

slide12

Corporate Governance Handbook of PTT

1st CGHandbook in 2003

Revised CGHandbook in 2005

คู่มือ CG ฉบับปรับปรุง ปี 2010

slide13

Adhere to Good Corporate Governance Principles for transparency enhancement

Corporate Governance Principles of PTT

  • CG Handbook in line with standards of SETandOECD
  • Equivalent to Code of Ethics of Thai constitution

Code of Business Ethics

  • Compliance with Laws and Regulations and Human Rights Principles
  • Political Support
  • Stakeholding and Conflicts of Interest
  • Confidentiality, Safeguarding and Use of Inside Information
  • Practices with Customers and Consumers
  • Practices with Trade Competitors
  • Procurement and Practices with Trade Partners
  • Community and Social Responsibilities
  • Treatment of Employees
  • Internal Audits and Internal Audits
  • Receiving and Offering Customary Gifts, Assets or other Benefits
  • Safety, Health and the Environment
  • Intellectual Properties and Use of the Information Technology and Communication System

13

slide14

CG in Action

Web site

E-mail

Call Center

Communication channels

www.pttplc.com

ir@pttplc.comcontact Investor Relations Department

corporatesecretary@pttplc.comContact Corporate Secretary

corporate@pttplc.com

Contact PTT

1365

14

2010 2012 awards of achievements
2010-2012 Awards of Achievements

PTT is widely recognized among business communities both international and local

slide17

Balance All Stakeholders’ Interests

Nation

Share

holders

Customers

Environment

Society

Employees

Partners

People

&

Society