May 22nd, 2018

1Q2018 PTG’s Opportunity Day

AGENDA

1Q18 Overview

Financial Performance

Highlights and Business Updates

9 New-high in retail market share at 13.7% 9 Strong profit growth at 48% YoY

HIGHLIGHTS and DEVELOPMENTS

9 Retail-oriented with 94% sales volume though PT

stations

9 new joint ventures in April and May2

3

Business Updates

9AUTOBACS

2PT MAXNITRONLUBE CHANGE

4PRO TRUCK

89COFFEE WORLD

139PUNTHAI

1,718SERVICE STATIONS

112MAX MART

1MAX CAMP

1KRUA BHAN JIT

1PPP Green Complex

5

PALM COMPLEX WILL RUN FULL-CAPACITY IN JUNE 2018PPP Green Complex

6

THE 1ST-FULLY INTEGRATED PALM COMPLEX in THAILAND

PALM OIL MILL

9 325 TPD

CPO production

9 50 TPD

CPKO production

REFINERY

9 600 TPD

RPO production

9 200 TPD

Olein production

BIODIESEL & GLYCERIN

9 450 TPD

B100 production

9 55 TPD

Glycerin production

TANK FARM

9 100,000 tons

storage capacity

9 3 months of feedstock

security

POWER PLANT

9 7 MW electricity

production

9 Biogas production

steam generation

7

JOINT VENTURE with JITRAMAS CATERING (JTC)

PUN* holds 70% stake in JTC with 31.5 million Baht investment

Central Kitchen to support PTG’s Food and baverage businesses including Punthai Coffee, and Coffee World

Extensive experience with more than 40 years in food and baverage industry

8

9

KRUA PHAN JIT

9Taste local, managed global

9Opened its first branch in PT station

9Planned to expand 30 more branches in 2 years

NOW OPEN!!

10

Look Good

Taste Good

JOINT INVESTMENT with BAFS

A new subsidiary establishment under BPTG Company Limited

PTG hold 60% stake in BPTG

Petrol staion operation in 3 locations: - Pichit Depot- Lampang Depot- Kampang Petch Booster Pump Station

12

At Kampang Petch DepotAt Pichit Depot

UPCOMING STATIONS

13

Industry Overview

32

THAILAND’S ALL CHANNELS CONSUMPTION

70% 68% 69%

8,337 8,389 8,707

1Q17 4Q17 1Q18

Diesel Benzene 95 Gasohol 95 Gasohol 91 E20

+3.9% QoQ+4.4% YoY

Source: Department of Energy Business and Company Data

9 Thailand consumption increased 4.4% YoY from the economic recovery in export and private investment

9 Diesel, Gas 95, and E20 slightly grew while Benzene 95 and Gas 91 sharply declined from fuel product switching

Unit: Million Liter

15

Source: Department of Energy Business and Company Data

* Including Benzene 91-95, Gasohol 91, Gasohol 95, Gasohol E20, and Diesel

Total consumption 28,673 ML Total consumption

8,707 ML

35.85%

15.27%12.33%

12.01%

8.09%

8.05%

6.81%1.59%

2014

ALL CHANNELS MARKET SHARE

37.65%

13.16%13.02%

11.62%

10.83%

7.35%4.97%

1.40%

1Q18

16

62% 62% 63%

6,021 6,192 6,200

1Q17 4Q17 1Q18

Diesel Benzene 95 Gasohol 95 Gasohol 91 E20

+0.1% QoQ+3.0% YoY

Source: Department of Energy Business and Company Data

Unit: Million Liter

9 Thailand consumption through petrol service station increased 3% YoY

9 The retail consumption grew slower than the overall consumption as the economy of the provincial areas has not recovered

THAILAND’S OIL RETAIL CONSUMPTION

17

THAILAND’S OIL RETAIL MARKET SHARE

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

40.4%

15.3%

13.7%

12.6%

11.8%4.3%1.7%

9 PTG’s retail market share has been increasing overtime due to the expansion and brand recognition

18

1Q18

THAILAND’S LPG AUTO CONSUMPTION

630

588

561

1Q17 4Q17 1Q18

-5% QoQ-11% YoY

Source: Department of Energy Business and Company Data

Unit: Million Liter

9 LPG Auto market has been decreasing overtime due fuel switching between oil and LPG

9 PTG’s LPG volume and market share has been in an increasing trend from brand awareness

0.64% 0.97% 1.16% 1.80% 2.19% 2.50% 2.77% 3.05% 3.67%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18

PTT WP_GAS SIAM_GAS PTG

19

Business Performance

757

849 890

1Q17 4Q17 1Q18

Retail

TOTAL PETROL SALES VOLUME by CHANNEL

Unit: Million Liter

9 Retail portion continuously increased +18% YoY

9 The wholesale volume was fluctuated and has a decreasing trend

9 The Benzene volume increased by 20% YoY while Diesel volume rose by 13% YoY due to the slow recovery in grassroots economy

64 27 52

1Q17 4Q17 1Q18

Wholesale

821 875

942

1Q17 4Q17 1Q18

Total +8% QoQ+15% YoY

+94% QoQ-19% YoY

+5% QoQ+18% YoY

21

9 PTG’s LPG sales volume increased 43% YoY while Thailand’s LPG auto consumption dropped 11% YoY

9 100% LPG sales volume was from retail channel

1417 19

1Q17 4Q17 1Q18

+13% QoQ+43% YoY

Unit: Million Liter

TOTAL LPG SALES VOLUME

22

SAME-STORE-SALES GROWTH

9With more selective petrol expansion led to high quality service stations

9 Slow growth was due to the gradual recovery in provincial consumption

Unit: ML/Station/Month

BA Petrol Same-Store-Sales

9Our effective loyalty program through PT Max Card led the SSS to continuously rise

Unit: ML/Station/Month

0.089 0.093

1Q17 1Q18

LPG Same-Store-Sales

0.210 0.215

1Q17 1Q18

+2.3% YoY+4% YoY

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Financial Performance

Unit: Baht Million

REVENUE B Revenue by Business

Oil, 97%

Non-oil*3%

1Q18

A Total Revenue

9 Revenue increased 18% YoY from rising in sales volume (+15%) and oil retail price (+3%)

9 Non-oil proportion was 3%, slightly higher than last year at 2%

* Non-oil includes LPG, Logistics, Max Mart, Punthai Coffee, Coffee World, Lubricant, rental income, and others

20,896

22,595

24,752

1Q17 4Q17 1Q18

25

+10% QoQ+18% YoY

* Non-oil includes LPG, Logistics, Max Mart, Punthai Coffee, Coffee World, Lubricant, Rental income, and others

REVENUE GROWTH in EACH CATEGORY

9 Non-oil portion continued to grow

9 Majority increase in non-oil portion was still from LPG and Coffee Business

20,478

22,036

24,131

1Q17 4Q17 1Q18

Unit: Baht Million

418

558 621

1Q17 4Q17 1Q18

Unit: Baht Million

O I L N o n - O i l *+10% QoQ+18% YoY

+11% QoQ+49% YoY

26

Oil, 91.6%

Non-oil*8.4%

23

GROSS PROFITB

1Q18

A Gross Profit

9 Gross Profit from Non-oil businesses portion increased to 8.4% from 7.1% in 1Q17.

9 Non-oil businesses will increase overall GPM in the future

9 The effective supply chain management, and the balance adjustment of oil retail price to the increase in world oil price induced the 37% YoY growth of GP.

* Non-oil includes LPG, Logistics, Max Mart, Punthai Coffee, Coffee World, Lubricant, Rental income, and others

Gross Profit by Business

1,387 1,661

1,903

1Q17 4Q17 1Q18

Unit: Baht Million

+15% QoQ+37% YoY

27

Unit: Baht Million Unit: Baht Million

+15% QoQ+46% YoY

24

EBITDA Net Profit

EBITDA and NET PROFITBA

9 Profit growth of 48% YoY was from increased in sales volume and marketing margin

9 However, PTG recorded loss from investments in a joint venture and associates of 15 million Baht; o Palm Complex was still in its pre-commissioning periodo AMA Marine PLC’ s profit was affected by the stronger Baht, and the increase in oil price

651

824 948

1Q17 4Q17 1Q18

182

239 269

1Q17 4Q17 1Q18

+13% QoQ+48% YoY

28

8.1% 7.4% 7.7%

4.3% 3.6% 3.8%

1.7% 1.1% 1.1%

2016 2017 1Q18

GPM EBITDA Margin NPM

10.6%6.0% 6.8%

25.0%18.8% 21.3%

2016 2017 1Q18

ROA ROE

Profitability Ratios Efficiency Ratios

KEY FINANCIAL RATIOS

9 The increase in both profitability ratios and efficiency ratios were from efficiency of supply chain management and better marketing margin.

BA

29

Unit: DaysUnit: Days

25

KEY FINANCIAL RATIOS

Operating Cycle Cash CycleBA

9 Cash generating business! 9 The slightly decrease in cash cycle was from the shorter average payment

period.

14.53 16.05 15.32

7.28 7.86 7.57

0.44 0.59 0.79

2016 2017 1Q18

Avg. Payment Period Day in Inventory

Avg. Collection Period

(6.80)(7.60)

(6.96)

2016 2017 1Q18

31

Unit: DaysUnit: Days

25

KEY FINANCIAL RATIOS

Operating Cycle Cash CycleBA

9 Cash generating business! 9 The slightly decrease in cash cycle was from the shorter average payment

period.

14.53 16.05 15.32

7.28 7.86 7.57

0.44 0.59 0.79

2016 2017 1Q18

Avg. Payment Period Day in Inventory

Avg. Collection Period

(6.80)(7.60)

(6.96)

2016 2017 1Q18

30

9 A decrease in IBD ratio resulted from the growth of equity was faster than the rise of IBD as the Company generate more profit.

BALANCE SHEET and LEVERAGE RATIO Assets Liabilities & EquityBA

1,525 1,989 1,8622,334 2,501 2,484

5,8008,865 9,491

1,404

2,311 2,39312,527

17,985 18,587

2016 2017 1Q18

OthersPrepaid Leasehold Right and Land RentalPP&EInvestment

4,589 5,119 5,370806

2,120 2,0563,6544,520 4,8353,203

5,980 6,01412,527

17,985 18,587

2016 2017 1Q18

Equity S-T Borrowing

Trade and Other Payables L-T Borrowing

Other Liabilities

Unit: Baht Million

9 An increase in non-current assets were from PP&E and rental and leasehold rights from continuous expansion of oil and non-oil businesses

9 The increase in liabilities were from loans to finance the business expansion, and trade and other payables from higher sales volume

Leverage Ratios

0.87

1.58 1.50

2016 2017 1Q18

Interest Bearing Debt

C

Unit: Baht Million

31

Index

1988

PaktaiChueplerng Co., Ltd. established

20111992 2013

Entered fuel retail industry

Change our name to “PTG Energy Co., Ltd.”

2015 2017

Listed in SET as “PTG”

• Ventured in Palm Product Processing (PPP Green Complex)

• Enter in LPG business

• JV with SMM for launching trucks maintenance service (PRO TRUCK)

• Entered Ethanol Project• Acquired Autobacs for

passenger cars maintenance service

• Acquired GFA (Coffee World)• Opened PT Max Camp for

travelers• Received Best CEO Award

2016

• Received Best Company Performance Awardand Best CEO Award

• Ranked 2nd in no. of stations with 1,407 stations nationwide

• Launched high quality lubricant under PT Maxnitron

PTG MILESTONES

33

million

Reach

4,000

touch points

2022

2018with more than

2,000 service stations

nationwide

Rankin retail market

share

Rank

2ndIncreasePT Max Card members to

9.6 400storesmillion

stnd

IncreasePT Max Card members to

18million

Non-oil

Expand

business

Punthai and Coffee World

PTG TARGETS

34

Petrol Business• Expand our outlets coverage• Become the customer’s first choice

Retails

Wholesales

Non-Oil Businesses• Enlarge non-oil businesses• Stabilize and increase NPM• Target 60% net profit portion

from non-oil in 2022

Renewable Energy• Earn more profitability from

integrated business

Ethanol Plant

Biodiesel Plant

3-5 YEARS PLAN: BUILD PTG ECO -SYSTEM

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Key strengths

Brand loyalty andhigh switching cost

Rigorous station expansion and high

coverage area of stations

Operational Efficiency with

company owned trucks and tank farms

OUR KEY SUCCESS FACTORS

36

Thank You

Investor Relations+66 2168 3377 #260ir@pt.co.th