Thailand Energy Market & PTTEP Business Update

Guidance Sales Volume (KBOED) Outlook Q1 2023 FY 2023 ~472 ~470 Ratings Gas Price ~6.7 ~6.1 (US$/MMBTU) BBB+ Stable Unit Cost (US$/BOE) Profitability (EBITDA Margin) * Based on Dubai oil price in 2023 at 85-90 $/BBL ~27-28 70-75% 20 20 BBB+ Stable TRIS RATING STANDARD & POOR'S RATINGS SERVICES MCGRAW HILL FINANCIAL BBB stand-alone rating MOODY'S Baa2 stand-alone rating Fitch Ratings BBB stand-alone rating PTTEP AAA Stable Baa1 Stable

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