PTT Consolidated Performance: 2Q20 & 1H20
Revenue
Unit: MMTHB
29% QoQ
40% YoY
26% YoY
EBITDA
Unit: MMTHB
67% QoQ
27% YoY
44% YoY
Net Income
Unit: MMTHB
>100% QoQ
54% YoY
81% YoY
Statement of Financial Position
Unit: MMTHB
2,486,965
2,449,277
1.5%
Assets/ Liabilities/ Equities:
Decrease in accounts receivables and inventories: Impact from lower sales vol. and prices from COVID-19 & Price War
Decrease in accounts payables: lower vol. and prices
Increase in right of use assets; asset reclassification according to TFRS 16 (Leases)
Higher Interest Bearing Debt (IBD) from increase in affiliated companies’ long term borrowing (bond/loan)
Lower equities due to dividend payment despite lower net profit in 1H20
PTT Ratings at Sovereign Level:
FC : Moody’s (Baa1), S&P (BBB+), FITCH (BBB+)
LC : Moody’s (Baa1), S&P (A-), FITCH (BBB+)