1Q/2016 MEDIA MEETING PRESENTATION

Agenda

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• ทศิทางกลยุทธ์

• ผลประกอบการ

• โครงการสร้างมูลค่าเพิม่ทางธุรกจิ (Value Creation Project)

• ความก้าวหน้าโครงการลงทุน

ทศิทางกลยุทธ์

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Strategic Direction

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Sustain Core

Accelerate Growth levers

Balance Business & Social

Value

To be a Leading chemical company for Better living

Performance excellence

Maximize value creation

Map Ta Phut retrofit

International hub

Performance chemicals

Green business

Sustainable development

Effective CSR programs

Stakeholder management

ผลประกอบการ

5

6

Overview Performance

7

Business Unit’s Performance

Strong Financial Position

8 8

Repayment Profile

Interest Rate Currencies

52% Fixed 60% THB

48% Float 40% USD & Others

Loan Type

• Cost of long term debts ~ 4.00% (Include W/H Tax)

• Average loan life after refinancing - 5.68 Years

Treasury policy Net IBD to EBITDA ratio of ≤ 2.4x Net IBD to Equity ratio of ≤ 0.7x

THB Bn

* After Refinance

Key Financial Ratios

Statements of Financial Position

As of Dec 31, 2015 As of Mar 31, 2016

THB 378 Bn THB 386 Bn

Cash +ST Investment

CA

Non CA

PPE

Liab.

IBD

Share Holder’s Equity

THB 106 Bn

ST Bank Loan, 0%

LT Bank Loan, 53%

Debenture, 47%

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1.59

1.28

1.72

1.30 1.12

0.23 0.21 0.26 0.25 0.21

31 Mar 15 30 Jun 15 30 Sep 15 31 Dec 15 31 Mar 16

Net IBD/EBITDA NET IBD/Equity

6.40% 7.57% 4.80%

8.99% 8.38%

4.92% 6.10% 4.27% 7.36% 6.92%

31 Mar 15 30 Jun 15 30 Sep 15 31 Dec 15 31 Mar 16

ROE ROA

9.7

15.8 15.0

8.8 13.2 12.4

1.2 1.3 1.4 1.4

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

USD Bond

THB Bond

EUR Loan

USD Loan

THB Loan

39.1 THB Bn

* After Refinance

9.8

16.0

11.2 9.0

13.5 12.8

1.2 1.3 1.4 1.4

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Total

USD Bond

THB Bond

EUR Loan

USD Loan

THB Loan

35.4

โครงการสร้างมูลค่าเพิม่ทางธุรกจิ

(Value Creation Project)

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Implementation Detail Study

Recent Development Value Creation Project

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Plant Operational Excellence

Top Down Study

• Due diligence process to estimate project potential

• Develop initiatives and execution plans

• Execute per plan to capture value

6 Weeks 12 Weeks 18 Months

Marketing Excellence

Asset Utilization

Capital Management

Streamline Work Process

ความก้าวหน้าโครงการลงทุน

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1Q/2016 Highlight

ARO II Expansion on stream

Phenol II commissioning

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• Commission : Dec 2015 • COD : May 2016 • Capacity :

• PX 115 KTA, • BZ 35 KTA, • OX 20 KTA

• CAPEX : 128.8 MUSD • EBITDA Uplift /Y*: 24 MUSD

VCR TH ready for commissioning

Treasury Stock Program Closed

• Total repurchased 48,553,000 shares or 1.077% of the total paid-up capital at average price of 50.14 baht/share. Repurchase period ended March 7.

VCR FR ready for commissioning

• Commission :2Q/2016 • COD : 3Q/2016 • Capacity :

• HDI Deriv. 12 KTA • CAPEX : 43 MUSD • Product : HDI derivative • EBITDA Uplift /Y*: 9 MUSD

• Commission : 2Q/ 2016 • COD : 3Q/2016 • Capacity :

• HDI Mono. 70 KTA • CAPEX : 18 MUSD • Product : HDI monomer • EBITDA Uplift /Y*: 24 MUSD

• Commission :Feb 2016 • COD : May 2016 • Capacity :

• PH 250 KTA • AC 155 KTA

• CAPEX : 345 MUSD • EBITDA Uplift /Y*: 63 MUSD

*EBITDA Uplift per year at mid cycle price

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OLE 1

OLE 2/1

OLE 2/2

OLE3

LN

BV Unit

Ethane

LPG

Ethane/Propane/LPG

New Flexible Feed

Cracker

LN

1.5 MTA

LPG

Project Diagram

• Build new Cracker 500 KTA

ethylene for flexible feed cracker

to utilize internal naphtha

• Maximize utilization of the

existing utilities and support

facilities to reduce investment

cost

Project Scope Unit: KTA

500

261

163

208

• Issued pre qualification enquiry

package to prospect bidders.

• Awarded project manager

contractor

• Issued conceptual design to

licensors

• Completed EPCa Scope package

• Submitted BOI application

Recent Development MTP Retrofit

Project Update

Timeline :

2018 2020

1Q/18 Construction

COD 2020

2016

ITB

Ad

ditio

nal C

apacity

Ethylen

e 50

0 K

TA, P

rop

ylene 2

61

KTA

Captive and Committed

80%

Merchant Volume

20%

14

200 KTA

Merchant Market

≈ 80% Reserved Volume

PO Market Survey Polyols Market Survey

• Completed PO & Polyols market survey • Building sale & marketing strategy • Ongoing FEED work and preparing ITB • Preparing EIA report • Negotiating feedstock arrangement • Engaged FA and expect FID in 4Q/16

Project Update

Base Polyol 66%

System House 34%

Market survey result concluded that SEA and India are the target market. • Target market growth rate average at 5 - 7 %

during 2014 - 2023 • The highest growth rate is in Automotive segment

6.8 % Marketing strategy is to focus on high value application segment

2016

4Q/16 FID

2019

COD 2Q/19

Timeline :

Recent Development PO & Polyols Project

Co

nst

ruct

ion

Polyols 130 KTA System House 40 KTA -------------------------------------- Licensor

After surveyed 106 customers, we have arrived to Potential Customers

E&E

Au

tom

oti

ve

Recent Development US Petrochemical Complex

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• Investment cost justify investment return • Enough ethane capacity with competitive

pricing structure • Partner can distribute products in N. America

Key Criteria for FID

Project Overview Project Timeline

2015-2016 Project Detailed Feasibility Study

2017 Project Final Investment Decision (FID)

2017 Project Construction

2021 Project Startup

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• Sign MOU with Sahapat and DITP to collaborate in product development, area development and market development

• Introduce InnoPlus’

customer to the area and conduct survey for investment interest

• Three customers have confirmed to expand business in Mae Sot area

Recent Development Growing in AEC Market

• Indo Thai Trading (ITT) – Trading company, a JV between PTTGC and Pertamina to penetrate into Indonesia polymer market. Sales of ITT has been increasing with volume of approx. 9,500 / month.

1500 1,500 1200 1100

600

200 60 24 11

Estimated Demand for PE Product (KTA) in 2015

Potential demand in AEC with high growth rate

Q & A