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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 10
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