PTT is preparing 2.3 billion baht in liquidity to maintain the country's energy security.

PTT is committed to helping Thailand overcome the crisis and maintain national energy security, preparing 2.3 billion baht in liquidity. While financing costs are increasing by 600 million baht per month, PTT has invested over 5 billion baht in refineries within its group over the next five years, reaffirming that it is on the right track.

May 20, 2569 Dr. Kongkrapan Intarajong, Chief Executive Officer and President of PTT Public Company Limited (PTT). The company revealed its first quarter 2569 operating results with a net profit of 25,738 million baht, an increase of 2,423 million baht or 10.4 percent compared to the same quarter of the previous year.

Due to the unrest in the Middle East, PTT has managed the situation by establishing a strong international business network with offices distributed worldwide, enabling it to quickly adjust its crude oil sourcing to replace that from the Middle East.

Furthermore, PTT Group's refineries have invested over 111 billion baht in advance over the past five years. This ensures the reliability and flexibility of PTT Group's refineries in accommodating crude oil from diverse sources. Furthermore, regular emergency drills enable the PTT Group to respond immediately to crises, reflecting that PTT's strategic plan is on the right track.

Furthermore, PTT Group closely monitors and manages the country's energy security, establishing a Business Continuity Management Center (PTT Incident Command System: PTT ICS) immediately in the event of a crisis to ensure national energy security and manage business throughout the supply chain.

"Throughout the two months of March and April, PTT Group refineries operated at full capacity, exceeding 100%, under strict safety standards."

For the petrochemical business, PTT Group companies are operating their petrochemical plants at full capacity to create a security of supply, ensuring that customers in downstream industries throughout the plastics and chemicals supply chain have a continuous supply of raw materials.

Meanwhile, PTT adjusted its natural gas supply and production plan to ensure continuous delivery to power plants and the industrial sector. This included sourcing spot LNG from countries outside the Middle East as instructed by the government, and postponing maintenance on Gas Separation Plant Unit 6 to allow all units to operate at full capacity. This ensures the continuous supply of gas to power plants and the production of LPG into the system as planned, while prioritizing sufficient LPG supply to meet domestic demand.

Furthermore, during the Iran-Iran conflict, PTT managed its financial liquidity to support the maintenance of the country's energy security. In the face of rapidly rising global oil prices, additional liquidity of up to 230,000 billion baht has been prepared, comprising:

• The margin call for the crude oil purchase is approximately 63,000 billion baht.
• Working capital for oil and gas procurement increased by approximately 137,000 billion baht.
• The outstanding balance in the Fuel Fund from price compensation is approximately 35,000 billion baht.

This has resulted in increased financial costs of over 600 million baht per month, or approximately 7,000 billion baht per year. Furthermore, there needs to be transparent disclosure and reporting of information to government agencies and the provision of accurate information to all stakeholders.

PTT continues to drive its business forward according to its strategic plan, with key performance indicators. together with Hydrocarbon business As a core business of the PTT Group, PTT Exploration and Production Public Company Limited (PTT EP) is accelerating exploration and production to enhance the country's energy security and achieve international growth according to plan. LNG business PTT is accelerating its portfolio expansion to become a global LNG player, aiming for 10 million tons per year by 2573 and to increase that to 15 million tons per year by 2578.

side Petrochemical and refining business PTT, as a shareholder of PTT Global Chemical Public Company Limited (GC), supports the study of business cooperation between GC and SCG Chemicals Public Company Limited (SCGC). Olefins and polyolefins business This aligns with the P&R Portfolio Reshape strategy, which aims to create synergy and elevate Thailand's petrochemical industry to a national champion.

Sustainability initiatives PTT has been selected for inclusion in the Dow Jones Best-in-Class Index for the 14th consecutive year, reflecting its international standards of operation under the principles of good governance, coupled with the reduction of greenhouse gas emissions in all operational processes—economic, social, and environmental—as well as efficient supply chain management.

Simultaneously, PTT Group is accelerating its carbon reduction efforts through the development of carbon dioxide capture and storage (CCS) projects. PTT Exploration and Production Public Company Limited (PTT EP) is leading the CCS development at the Arthit natural gas field in the Gulf of Thailand, which is progressing according to plan, with the goal of beginning the carbon capture process in 2571.

Meanwhile, PTT's Forest and Ecosystem Institute has accumulated over 146,000 rai of new reforested area between 2566 and 2569 to support the country's Net Zero goal.
The Profit Enhancement Initiatives continue to strengthen the PTT Group internally, reflected in the overall net profit of over 3 billion baht in the first quarter.

Progress is being made on various projects as planned, including the MissionX project, along with driving Digital Transformation through the AXIS project, focusing on using digital tools and AI to increase work efficiency.

Furthermore, PTT continues to strengthen cooperation in supply chain and marketing, both domestically and internationally, through P1 and D1 projects, as well as the Asset Monetization (A1) project to maximize the benefits of assets within the PTT Group. In addition, PTT strives for Financial Excellence (F1) to maintain financial discipline and efficiently manage the group's cash flow, which will be a crucial foundation for supporting sustainable growth and generating strong long-term returns for shareholders.

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