Investor Update April 2022

P&R : Projects Update 2020 GC PO/Polyols 2021 ptt IRPC GC GC Thaioil GC MTP Retrofit Non-Woven Thaioil HVB Fabric products Olefins investment (Allnex) CFP Ole 2 Modification plant project PO/ Polyols MTP Retrofit (Olefins Reconfiguration) 2022 High value business (HVB) Acquired 100% share of Allnex The establishment of Innopolymed 2023 ptt İRPC Ultra Clean Fuel 2024 Olefins investment (Investment in PT Chandra Asri: CAP) CFP (Clean Fuel Project) Ole 2 Modification plant project Ultra Clean Fuel Upgrade lower value products → higher value products Ability to process heavier (cheaper) crude oil To increase Propane usage as feedstock • To enhance feedstock flexibility and long- term competitiveness • To increase refinery plant's efficiency and upgrade diesel quality to meet the Euro 5 standard • Increase 75 KBD of diesel capacity in Diesel hydro- treating Unit Objective/Capacity • Create value added in Polyurethane chain ⚫ PO (200 KTA) • Polyols (130 KTA) • Ethylene (500 KTA) Propylene (250 KTA) Olefins capacity 2,988 3,738 KTA *100% in progress as of Dec 2020 CAPEX 888 MMUSD 985 MMUSD To diversify geographic targets in specialty chemical and expand global footprint (Basic chemical → Performance Chemicals & Green Chemicals) Global producer of industrial coating resins and additives Total capacity around 1,297 KTA *Expected closing deal in 4Q21 €4,002 million or equivalent to 148,417 MB • 40% stake held by Innobic and 60% stake held by IRPC with a registered capital of Baht 260 million. to manufacture and sell Non-Woven Fabric products as well as medical consumables Total capacity around 5.6 KTA *The Company completed its registration in 2Q21 • . Further extend Hydro- Carbon value chain to Olefins Use excess feedstock from CFP project (Naphtha) to create more flexibility and competitiveness. Investment 15.38% in petrochemical producer (Olefins) in Indonesia with total capacity around 4,232 KTA *Realized CAP contribution in 4Q21 onwards *CAP2: expected FID in 2022 • • Refining capacity 275 >> 400 KBD 260 MB not exceed 1,183 M.USD or equivalent to 39,116 MB 4.8 Bn.USD incl. ERU unit 757 MMUSD COD Dec'2020 2Q2021 (Jun) 4Q2021 (Dec) 2Q2022 CAP2: 2026 (FID 2022) 2023 (FID Jul'18) 165 MMUSD or equivalent to 5,198 MB 1Q2023 13,300 MB Jan'2024 43

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