PTT Public Company (PTT) Corporate presentation summary

Strategic overview and market context

• Maintains a fully integrated and diversified energy portfolio, with strong positions in oil, gas, petrochemicals, power, and retail, supporting national energy security and economic growth.

• Faced significant headwinds in 1Q2026 from Middle East conflict, including supply disruptions, rising energy prices, and increased financial volatility.

• Responded to crisis by investing over THB 111 billion in reliability, accelerating alternative crude sourcing, and maximizing refinery and petrochemical plant utilization.

• Maintained robust credit ratings and liquidity, with proactive financial management to absorb increased working capital and margin call requirements.

• Committed to transparent operations and strong governance, reinforcing public confidence during the crisis.

Financial and operational performance (1Q2026)

• Consolidated revenue rose 3% YoY to THB 718,729 million, with EBITDA up 23% YoY to THB 115,879 million, driven by higher product spreads and sales volumes.

• Net income increased 10% YoY to THB 25,738 million, supported by profit enhancement initiatives and strong hydrocarbon and power business performance.

• Gas business benefited from lower feed costs and higher sales volumes, while trading margins were pressured by unrealized hedging losses.

• Oil & retail saw improved non-oil performance but lower oil margins due to hedging losses; petrochemicals and refining rebounded on higher spreads and stock gains.

• Power segment posted higher profits from improved SPP margins and lower expenses, despite weaker IPP performance.

Capital structure, cash flow, and dividend

• Maintained a healthy financial position with net debt/EBITDA at 1.34x and net debt/equity at 0.33x, supported by strong cash reserves and prudent debt management.

• Operating cash flow reached THB 58,157 million in 1Q26, with free cash flow of THB 56,000 million and significant investments in CAPEX and strategic projects.

• Approved a dividend payment of THB 2.10/share plus a special dividend of THB 0.20/share, reflecting a payout ratio of 73%.