Banpu (BANPU) Oppurtunity day presentation summary

Strategic transformation and restructuring

• Initiated Phase 2 of the Energy Symphonics strategy, focusing on simplifying the group structure to unlock value and create a stronger growth platform.

• Amalgamation of Banpu and BPP into a single NewCo, streamlining governance and eliminating dual listing to enhance efficiency and support portfolio optimization.

• Sale of a 25% stake in the US-based power generation JV to BKV for $231M, consolidating US power assets under BKV and optimizing synergistic potential.

• Four strategic pillars post-restructuring: Next Gen Mining, US Closed-Loop Gas, Power+, and Future Tech, each with distinct strategies and growth engines.

• Restructuring aims for >50% EBITDA from non-coal businesses by 2030 and >20% reduction in Scope 1 and 2 GHG emissions by 2030.

Financial performance and highlights

• 3Q25 sales revenue reached $1,358M, with robust contributions from all business units.

• EBITDA for 3Q25 was $296M, supported by strong performance in Power and Gas segments.

• Net profit after tax for 3Q25 was $296M, with stable net debt/equity at 0.93x, maintaining financial flexibility.

• Gross profit margin stood at 21%, with notable growth in gas and power gross profits year-on-year.

• Credit rating maintained at A+ with a stable outlook, reflecting business stability and growth.

Business segment updates

• Gas business delivered $66M EBITDA in 3Q25, with 76 Bcfe sales volume and 44 ktCO₂e sequestered via CCUS.

• Mining business reported $142M EBITDA, with 11.4 Mt sales volume and cost control initiatives across regions.

• Power+ segment achieved $84M EBITDA, with 4,920 MW committed capacity across thermal and renewables.

• Future Tech portfolio expanded to 1,150 MWh BESS, 311 MW rooftop/floating solar, and 876 EV units deployed.

• Energy trading reached 5,325 GWh in 9M25, leveraging AI-driven strategies and diversified client base.