PTTGC Opportunity Day FY 2017 Performance 7 March 2018 The Stock - PowerPoint PPT Presentation

PTTGC Opportunity Day FY 2017 Performance 7 March 2018 The Stock Exchange of Thailand BECAUSE THERE IS NO PLANET B

Disclaimer This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. PTTGC has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and PTTGC does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. 2

Agenda FY2017 Financial Results Strategic Direction 3

2017 Key Achievement PSM & Reliability MAX achieved target Issued 10 billion (6,704 MB run rate in 2017) THB Bond (4 years with 3.05% ) Investment execution Resell of i.e. Asset injection, Treasury Stock PO/Polyols, ORP Digitization CLMV market roadmap expansion i.e. JV in Myanmar Successfully in GGC IPO 4 (2 nd May 2017)

Overview of Business Unit’s Performance

Improvement in product price and margin Refinery Aromatics Olefins & Derivatives 6

Reliability and efficiency improvement Refinery Aromatics Olefins & Derivatives 7

Performance 2016 VS 2017 Unit : Baht MB FX Stock Gain & Project MAX Extra Item Y2017 = 2,301 NRV&Commodity Sharing from JV Y2017 = 2,919 Y2016 = 933 Hedge & Associate Y2016 =277 Y2017 = 1,383 Y2017 = 3,360** Y2016 = 3,690 Y2016 = 456** Operating Profit from BAU Y2016 (A) Y2017 (A)  2017 Adjusted EBITDA and net income increase 35% and 53% yoy , respectively. This mainly from increasing in operating rate and margin  REF GRM $6.74/bbl (+27%), BTX P2F$226/T (+22%) , HDPE price $1,168/T (+3%) and MEG spread $305/T (+180T. Although, there are both olefins and aromatic plant T/A but able to maintain high operating level.  The performance is also support from full year benefit of MAX project and market improvement of newly acquire business in PTTAC and HMC. However, partial offset by impairment of investment. 8

2018 Performance Outlook Refinery • Dubai range is expected to be $60-65/bbl Expected GRM at $6.6/bbl, support by improving in demand of middle distillate from recovery of economics activities and cold weather Aromatics • PX & BZ spread $365/T and $310/T, respectively, In 2018, the major plant are anticipated support from demand of downstream product i.e. to run at maximum rate as only OLE 1 polyester, SM and phenol and delaying of new will have 1 month T/A in Q3. capacity will support the price trend in this year. Operating Rate Olefins & Derivative • Olefins is support from high ethane flow (expected > Refinery 100% 270 T/H) and price is support from surge in oil price Aromatics and delay of new capacity 91% • Polymer and MEG are foreseen the limited of Olefins 99% downside risk on PE price from delay of new supply and ban of recycle grade in China, expect HDPE Polymer 104% $1,243/T and MEG ASP $952/T. 9

Agenda FY2017 Financial Results Strategic Direction 10

Strategic Direction To be a Leading chemical company for Better living Sustain Core Accelerate Growth levers Balance Business & Social Value   Business Competitiveness International hub Sustainable development Project MTP retrofit   Performance chemicals Olefins Reconfiguration  Green business Project MAX  Improve productivity Project Asset Injection   Effective CSR programs Enhance business clarity & Maximize integration  Stakeholder management

2017 Development in Economics Contribution Achieved 2017 run rate target Completion of Asset FID of PO & Polyols Project Injection on 3rd July with in August final transaction value of CAPEX : $888 million 25,061 MB. Configuration  Ethylene 500 KTA  Propylene 250 KTA  Feedstock : Naphtha & LPG Schedule  FID : January 2018  COD : 2H20  CAPEX : $985 million FID of Olefins Reconfiguration Project 12

Consistent Volume Growth Committed investment project HDI Derivative Thailand (12 KTA) Asset Injection (1,060 KTA) PO/Polyols (330 KTA) mLLDPE (434 KTA) MTP Retrofit ME Plant 2 (200 KTA) (750 KTA) 2017 2018 2019 2020 Potential investment and project under study Expansion Performance Performance Biocomplex EO-Based i.e. HOA of GGC Olefins & Chemical in Chemical in Derivative Olefins chain derivative i.e. i.e. HOA in C4 Chain i.e. Softanol HOA in PA9T, HSBC Signed HOA on US petrochemical 13 project

Thank You 1 Thitipong Jurapornsiridee VP-Corporate Finance & IR Thitipong.j@pttgcgroup.com +662-265-8574 2 Jittasak Soonthornpan IR Manager Jittasak.s@pttgcgroup.com +662-265-8172 3 Nattchanon Chawinsittangkul IR Analyst Nattchanon.c@pttgcgroup.com +662-265-8364 4 Pantaree Nantanakom IR Analyst Pantaree.n@pttgcgroup.com +662-140-8714 5 Jinthip Prakobwit IR Analyst Jinthip.p@pttgcgroup.com +662-265-8361 6 Preeyapa Asarangchai IR Analyst Preeyapa.a@pttgcgroup.com +662-265-8213 14