PTT Exploration and Production Public Company (PTTEP) JUMP+ presentation summary

Strategic direction and business overview

• Focus on energy security by sustaining gas supply in Thailand, MTJDA, and Myanmar, with 82% market share in gas production as of 2025.

• International growth targeted through increased production in Malaysia, Middle East, Africa, and other regions, with significant acquisitions and project developments.

• Sustainability initiatives align with global ESG standards, including climate action, responsible consumption, and industry innovation.

• Five-year E&P budget of $30.2 billion supports both domestic and international expansion.

• Strategic plan aims for EBITDA margin of at least 70% and competitive unit cost around $30/BOE through the GOT SAVE initiative.

Financial performance and outlook

• Record sales volume in 2025 at 510 KBOED, with a 6% increase year-over-year and resilient gas pricing despite oil price volatility.

• Net profit for FY2025 reached $2,227 million, driven by higher sales volume and recent acquisitions.

• Dividend payout for 2025 was 59%, with a yield of 7.7%.

• Strong cash margin (70% EBITDA), low gearing (debt/equity 0.24), and solid liquidity position maintained.

• Credit ratings remain robust: S&P BBB+, Moody’s Baa2, Fitch BBB+, and TRIS AAA.

Key projects and investment plan

• Major acquisitions in 2025 include Sinphuhorm, MTJDA A18, Malaysia SK408, and Algeria Touat, contributing to increased sales volume.

• Ongoing and new projects in Thailand, Myanmar, Malaysia, Oman, UAE, Algeria, and Mozambique, with targeted production ramp-ups and exploration.

• Five-year investment plan (2026-2030) totals $33.3 billion, with $20.7 billion in CAPEX and $12.6 billion in OPEX.

• Sales volume expected to grow at a CAGR of 3-4%, reaching 625 KBOED by 2028.

• Cost optimization initiatives focus on drilling, platform construction, OPEX, and decommissioning.