PTT Public Company (PTT) investor relations material

Operating footprint and energy security

• Jan-Jun 2026 oil supply was 86% imported (1,013 KBD) and 14% domestic (168 KBD); Thai refining capacity was 1,239 KBD versus domestic demand of 983 KBD.

• Jan-Jun 2026 natural gas supply averaged 2,538 MMSCFD: 62% from the Gulf of Thailand, 35% imported and 3% onshore; LNG accounted for 72% of imports.

• Integrated operations span E&P, gas pipelines and separation, LNG, refining and petrochemicals, retail, trading, power and emerging businesses; 1,838 mmboe of proved reserves represented 6.9 years in 2025.

• During the March-April 2026 crisis, refinery utilization was maintained at ~104%; 8 alternative LNG cargoes replaced Qatar supply, and alternative crude sourcing expanded to the U.S., West Africa and Latin America.

• Crisis-related liquidity included THB ~63bn in margin calls, THB ~137bn in added procurement working capital and THB ~35bn in Oil Fuel Fund receivables; later, margin calls fell to ~THB 42bn and THB 73bn in additional bank facilities were secured.

1H26 performance and financial position

• 1H26 revenue was THB 1,549,118mn, up 13% HoH; EBITDA including commodity hedging was THB 272,181mn, up 55%; net income was THB 78,263mn, up 75%.

• 1H26 net income excluding extra items exceeded 100% growth HoH; profit enhancement initiatives generated THB 8,716mn, while extra items were a net loss of ~THB 4,300mn.

• 2Q26 net income was THB 52,525mn, more than doubling QoQ; operating income improved mainly from gas and trading, while oil retail margins and petrochemical and refining performance faced pressure.

• 1H26 government intervention was estimated to have a THB ~8,500mn financial impact; investment-grade ratings were maintained, with Moody's outlooks revised to stable for PTT and PTTEP.

• At 30 Jun 2026, consolidated net debt/EBITDA was 1.26x versus a 2.0x limit; cost of debt was ~3.36%, fixed-rate debt ~76%, and average debt life ~8.76 years.

Strategy, investment and growth

• Strategy prioritizes energy security, cost competitiveness, LNG portfolio expansion, asset monetization, financial discipline and balanced GHG reduction; net zero is targeted by 2050.

• LNG portfolio targets are 3.7 MTPA in 2026, 10 MTPA in 2030 and 15 MTPA in 2035; 1H26 portfolio volume was 1.75 MT.

• Asset monetization targets THB ~40bn cash in 2026; cumulative cash generation in 2025-1H26 was ~THB 18bn, against a THB 100bn 2025-2027 target.

• Committed 2026-2030 CAPEX totals THB 76,572mn, including THB 44,120mn for gas, THB 29,251mn for downstream, trading and other operations, and THB 1,519mn for new business and sustainability.

• Decarbonization targets include a 15% reduction in Scope 1 and 2 GHG emissions by 2035 versus 2021; Arthit CCS targets 1 MTPA COD in 2028, with an Eastern Thailand CCS hub targeted at 5+ MTPA in 2034.