PTT Public Company (PTT) Investor presentation summary

Strategic positioning and market environment

• Maintains a fully integrated and diversified energy value chain, with leading positions in refining, petrochemicals, gas, and power in Thailand and Southeast Asia.

• Faces significant market volatility due to Middle East conflicts, impacting crude and LNG prices and supply chains.

• Strategic focus on energy security, supply diversification, and resilience, including investments in infrastructure and alternative sourcing.

• Accelerates LNG portfolio expansion, targeting 10 MTPA by 2030 and 15 MTPA by 2035, with a shift toward global supply diversification.

• Emphasizes decarbonization, aiming for net zero by 2050, with investments in CCS, hydrogen, and renewables.

Financial and operational performance (1H2026)

• Revenue reached 1,549,118 MB, up 13% HoH and 23% YoY; EBITDA rose 55% HoH and over 100% YoY to 272,181 MB.

• Net income surged to 78,263 MB, driven by higher product spreads, operational efficiency, and profit enhancement initiatives.

• Gas and trading businesses benefited from higher LNG prices and increased sales volumes, while oil and retail margins softened.

• Maintains a strong financial position with net debt/EBITDA at 1.26x and investment grade credit ratings.

• Dividend payout remains robust, with a policy minimum of 25% and historical payouts averaging 49% since IPO.

Business strategy and transformation

• Refocuses on core businesses, divesting non-core assets, and enhancing operational excellence.

• Pursues asset monetization, targeting THB ~40 bn in 2026, and ongoing restructuring in EV and life sciences.

• Strengthens partnerships and recalibrates downstream strategies to mitigate supply risks and government interventions.

• Drives growth in non-hydrocarbon sectors, including EV value chain, life sciences, and digital ventures.

• Commits to sustainability, integrating ESG into business planning and investing in low-carbon technologies.