Investor Presentaiton

Trading Business: QoQ: Soften EBITDA due to lower gross margin despite increased sales volume 2021 vs 2020 : Enhanced EBITDA mainly due to improved domestic condensate margin and sales volume Gross Margin¹ Unit: THB/Liter 44% QoQ 44 YoY 43% Sales Volume² Unit: MM Liter 44% QoQ 5% 91% YoY I 75,527 79,134 0.10 0.09 0.09 36,235 0.07 25,082 0.05 18,922 Trading - EBITDA³ Unit: MMTHB 16% QoQ 7% YoY 3,024 1,449 1,138 1,219 1Q21 4Q21 1Q22 2020 2021 Key Highlights 80% ૨૦૦ ptt 5,436 Margin decreased due to significantly loss from mark to market in 1Q22 following upward oil price trend + Increased sales vol. from higher crude as well as LNG import to fulfill lower gulf gas supply - EBITDA dropped following lower gross margin 2021 vs 2020 + Higher gross margin mainly from domestic condensate as well as out-out trading products e.g., LNG, LPG, and Aromatics + Volume increased due to global demand recovery from the easing of lockdown + EBITDA improved from higher gross margin and sales volume 1Q21 4Q21 1Q22 2020 2021 1 PTT Trading BU + trading subsidiaries: FX Adjusted + gain/loss on derivatives + Joint Trade Agreement (JTA) 2 PTT Trading BU + trading subsidiaries +JTA 3 PTT Trading BU + trading subsidiaries: FX Adjusted + gain/loss on derivatives 41

View entire presentation