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IRPC Public Company Limited 2016 Opportunity Day 2 March 2017

Disclaimer This presentation material has been prepared solely for informational purposes only. IRPC is furnishing it solely for use by prospective investors / analysts in the proposed event. IRPC makes no representations or warranties as to the accuracy or completeness of such information. By accepting this material each recipient agrees that IRPC shall not have any liability for any representations (express or implied) contained in, or for any omissions from this presentation. The information contained herein does not purport to be all-inclusive or to contain all of the information that may be material to the recipient’s decision. Each recipient of the information and data contained herein should perform its own independent investigation and analysis of the transaction and the creditworthiness of IRPC . Reference in this Disclaimer to this shall include references to the Appendices (if any) hereto. 2

Agenda 2016 Performance Highlight 1 Achievement in 2016 Operation & Financial Performance Investment Update Appendix • Industry Outlook • Dividend Payment 3

Financial Highlight: 2016 Performance Overview of Business Dubai Net Sales 50.9 48.3 43.2 2015 2016 40.7 41.3 (net excise tax) Unit: $/bbl -16% 1% 2% QoQ 15% YoY 16% 27% YoY 6% 31% Net Sales 199,595 168,349 199,595 168,349 (net excise tax) MB MB 67% 72% 48,006 Unit: MB 45,470 41,622 10% 8% EBITDA QoQ 44% YoY 2% +2% YoY 117% EBTIDA 28% 17,430 17,033 44% 17,033 17,430 Unit: MB MB MB 4,473 48% 3,098 2,066 62% 5% Net income 5% Net income QoQ 30% YoY 3% +3% 10% YoY 279% 38% Unit: MB 9,402 9,721 9,402 9,721 MB MB 57% 1,694 1,307 447 85% 4Q15 3Q16 4Q16 2015 2016 Petroleum Petrochemical Others 4

Agenda 2016 Performance Highlight Achievement in 2016 1 Operation & Financial Performance Investment Update Appendix • Industry Outlook • Dividend Payment 5

Achievement in 2016 : Operation Improvement reliability of production Production improvement and machine efficiency Plant Reliability Unplanned SD enhancement : 138 projects 2015 99.4% 126 times 2016 99.6% 36 times Efficient energy usage management : Awards Energy Intensity Index (EII) The Prime Minister’s Industry, 2016 • 2015 : 97.07% 3.18% TPM Excellence Award 2015, Category A • 2016 : 93.89 % QCC Thailand Quality Prize 2016 ; 5 awards • 6

Achievement in 2016 : Commercial Affirmed Customer Increase High Value Added and Specialty Products Volume Ratio  IRPC - Darby Trading Inc. entered into Slack Wax Sales Agreement in USA and EU amounting 120 MB  MOU with Lao-China Dongyan Petrochemical Co., Ltd. Technology Support customer  “ Krungsri e-Payment Service” Agreement for Petroleum products via IRON system  Efficiency tool for Price Increase Specialty products from  Analysis “Athena 2.0” 39% (2015) to 42% (2016) Product Diversification  Market Expansion to ASEAN   An advanced CRM System 7

Achievement in 2016 : Other businesses Power Plant and Utility business EBITDA from other businesses 1,729 MB ( 2% YOY) Power plant & utility • IRPC Solution Provider • Safety training services Port and Tank service business Port & Tank • Port: Expand customer base and generate more revenue from One Stop Service • Tank: – Expand crude oil tank storage services with TOP – Expand tank storage services with higher quantity Asset management business Asset management : Rental • EIZ: 1 of 5 prototype of Eco Industrial Concept • Jana: Land development to accommodate Songkhla 2 port project 8

Achievement in 2016 : Innovation and R&D • Styrene Vulcanized Natural Rubber (S-VNR): • An innovative plastic with mixture of 35% high impact natural rubber for traffic cones, poles and street barrier • High Density Polyethylene (HDPE) POLIMAXX : • PE plastic : High density in strength of gas piping solution which be certified by internationally recognized standards • Green Thermoplastic Vulcanizes (Green TPVs): • PP plastic with mixture of natural rubber use for the manufacturing of electrical parts, automotive parts, household items, etc • Green ABS Wood Composite : • An innovation plastic ‘Green ABS’ compounded with natural rubber and recycled saw dust wood fibers be developed to be material and furniture to export to France and Germany, in the name of ‘ Qualy ’ brand • Joined Thailand Industry Expo 2016 “Thailand Industry 4.0 : Next Challenge towards Sustainable Future” • Support 2016 National Innovation Day • Joined the 10th Edition of International Petroleum Technology Conference: IPTC 9

Achievement in 2016 : Finance & Accounting  Signing Ceremony 15,000 MB Syndicated Loan Agreement  Signed Long Term Loan : TBANK Agreement 5,000 MB  Fitch Revises Outlook on IRPC to Stable; Affirms at ‘ A-(tha)  Signed Inter-Company Borrowing and Lending with PTT,  Signed Domestic Letter Of ICBL Agreement : Credit Agreement (DLC) IRPC As Borrower 10,000 MB 12,000 MB IRPC As Lender 1,500 MB 10

Achievement in 2016 : Environment VOCs management in industrial zone by Protection Strip up by 101,120 trees • • Continual SO2 and dust reduction, • On-line Monitoring, VOCs Camera-Portable, which can absorb CO2 increasing 910 plus NO2 reduction for 860 tons/year Vapor Recovery Unit (VRU) tons/year or 32% • Eco Innovation and Solution 2016 for 11 plants • Carbon Reduction Label Certificate in PP and PS products from TBCSD • EIT-CSR Awards 2016 ( Best awards ) • EIA Monitoring Awards 2016 • Certification from Carbon Footprint for Organization : CFO 2016 National Outstanding Workplace for Safety, Health, and Environment • Honorable award for workplace with Best Practice for Green Supply Chain • • Zero-accident award, bronze class • Certification on Safety day 11

Achievement in 2016 : Corporate Governance Corporate Governance UN Global Compact Anti-Corruption CGR assessment from IOD: 5 stars Co-establish Global Compact Network CAC member with partners • • • attending Thailand Association AGM assessment: 100/100 scores • UN Global Compact Website (UN Global Anti-Corruption training course • • Set up rules and licenses monitoring team through GRC • Compact Standard-LEAD) criteria Children ’ s Rights and Business Principles • Provide conflict report through the system “ Follow the footsteps of honesty • • of UNICEF of our Father for the goodness of IRPC Cubic Academy • our country ” to commemorate Promote women and children ’ s rights • IRPC CG Day: The Code To Victory / PTT Group CG Day: • with UNFPA: Leaving No One Behind His Majesty King Bhumibol See Through The Future Adulyadej, Rama 9 Diamond Awards 2016 • DJSI Emerging Market: Oil & Gas Refining and Marketing (3 th year ) • Thailand Sustainable Investment 2016 • Sustainability Report Awards 2016 (Outstanding) • NACC Integrity Awards 2016 • Thailand Top Company Awards 2016 (Outstanding) • Golden Peacock Global Award for Excellence in Corporate Governance 2016 • Certificate of ESG 100 Company (Resources) • 12

Achievement in 2016 : Awards and Recognition in 2016 Best CEO Award 2015/2016 The Prime Minister's Industry from the Investment Thailand Top Company Award 2016 Analysis Association (IAA) Awards 2016 (Outstanding) Corporate Governance Asia Recognition Awards 2016: Asia’s Best CEO (Investor Relations) Best IR Company Best Investor Relations Awards (Thailand) NACC Integrity Awards 2016 (SET AWARDS 2016) Asia Responsible Gold Class Sustainability TPM Excellence awards Entrepreneurship Awards 2016 Award 2016 from JIPM Japan 1 3

Agenda 2016 Performance Highlight Achievement in 2016 Operation & Financial Performance Investment Update Appendix • Industry Outlook • Dividend Payment 14

Petroleum Performance : Refinery Most of Refinery Spread QoQ but YoY YoY 24% Naphtha - Dubai  High level of supply from India and 7.1 6.1 $/BBL ME 1.7 1.4 1.3 0.7 0.2 QoQ 111% (0.5) (1.2) (1.9)  Crackers resumed operations after 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 2015 2016 maintenance shutdown YoY 19% ULG 95 - Dubai  Supply glut in Asia from Iran and $/BBL 19.8 19.3 18.7 18.8 more export from China 18.3 15.3 14.4 14.6 14.9 11.6 Refinery Spread QoQ 26%  Higher demand from SEA 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 2015 2016 YoY 21% Gas oil - Dubai  Supply glut from ME and China $/BBL 16.3 13.7 13.8 13.7 12.0 QoQ 9% 10.8 10.5 11.0 10.8 9.6  Higher demand in winter and lower supply from ME’s maintenance 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 2015 2016 shutdown YoY - Flat HSFO - Dubai  Higher demand from China, low $/BBL inventory in Singapore (2) (2) (4) (4) (5) (5) (5) QoQ 60% (7) (8) (9)  Low supply from Europe and Persian 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 2015 2016 Gulf 15