GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Corporate Presentation October 1 st , 2019 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP 1 1
Petroleum Authority of Thailand PLC (PTT), GPSC’s parent company ny : the larges est ener ergy gy congl glomer omerat ate e in Thailand d PTT’s Holding Busine ness ss Area Compan any Activit tivitie ies (%) E&P PTTEP 65.29% Explo ploratio tion n and produc uctio tion Upstr trea eam PTT Global al Coal 100% Coal al business ness Managem agement PTT Global al LNG 50% LNG value ue chain LNG PTT LNG 100% LNG rec ecei eivi ving ng termina nal Gas Pipel pelin ine* 100% Sole owner ner/operatio tion n of the tran ansmission n pipeli peline ne Interm ermed edia iate S&M* 100% Supp pply & mar arket keting ng of natur ural al gas Gas Extrac acting ting hydr drocar arbon n cont ntent ents in natur ural al gas for GSP* 100% petrochemical’s feedstock Imp mport/ t/Export/Out ut-out ut trad ading ng of petr troleum eum and Trading Tradin ding* g* 100% petr trochem hemical al produ ducts ts PTTOR** ** 100% Oil Marketing Reta tail servi vice stations ns and comm mmercial al mar arketing eting Downs nstr tream eam PTTGC GC 48.18% Petr trochem hemical al flag agship hip Petrochemical & TOP 48.03% Ref efiner nery flag agship hip Refining Integr egrat ated ed ref efiner nery & petr etroche hemical al IRPC PC 48.05% Power flag agship hip 22.58% Power Technolog nology New S-Cur urve e busines ness of PTT group up & Engin ineeri eering ng Note: *Businesses directly operated by PTT PLC **Transferred asset to PTTOR on July 1, 2018 Source: PTT ’ s Investor Update May 2019 2
GPSC’s History & Key Milestones GPSC was founded in 2013 to be “the Power Flagship of PTT Group”. Since its inception, GPSC has proved its strong expertise in operating existing power plants, and prudently investing in the new projects. GPSC was Listed on the GPSC informed the latest tender offer result of GLOW’s shares (95.25%), the Stock Exchange of All PTT’s power assets Independent Power Thailand (SET) plan for delisting of GLOW securities were consolidated under (Thailand) was established and the tender offer for the propose of GPSC (700 MW, IPP) securities delisting (Renamed to ” Sriracha GPSC announced the capital increase Power Plant”) Included in the Asia Pacific from the existing capital of THB 14,983 ex Japan FTSE, ESG 100, million to THB 28,197 million and SET50 Index 1997 2004 2013 2014 2016 2015 2018 2019 8 of PTT’s power As of 2019, GPSC’s current GPSC entered assets were into a share electricity generating according to PTT Utility was transferred to purchase Equity MW is 5,026 MW of established GPSC transaction and electricity (339 MW, SPP) (Renamed to “Rayong tender offering of Power Plant “) all the remaining securities of Glow Energy 60% Public Company 20% Limited (GLOW) 24% 56% 40% 3
GPSC’s VISION and MISSION VISIO ION The Global Leadi ading g Innovat ative and Susta tain inab able Power r Company ny Create long- term shareholders’ value with profit itab able le growt wth MISS SSION ION Delive iver reli liable able energy gy through operational excellence to customers Conduct business with socia ial l and envir ironm nmental ntal resp spon onsib sibili ility Seek innovat atio ion n in powe wer and utility lity efficiency management through energy storage technology 4
Well-ver erse sed d Board d of Direct ector ors Our director ors s have the ideal mix of skills s and experie ience ce to deliver mean to anin ingfu gful l growth at GPSC Payungs gsak ak Chartsu tsutip ipol Supa patta ttanap apong Punme meecha chaow • Former Chairman, Board of Executive • President & Chief Executive Officer / Directors, Krungthai Bank Public Director and Secretary to the Board of Company Limited Directors / Member of the Risk Management • Chairman, The Federation of Thai Committee, PTT Global Chemical Public Industries Company Limited Kuru ruji jit Nako kornt nthap ap Paili lin Chucho chott ttawo aworn • Former Permanent Secretary, Ministry of • Former President and CEO of PTT Public Energy of Thailand Company Limited • Former Director and Chairman of the • Deputy Ministry of Transport Board, Electricity Generating Authority of Thailand Nicha cha Hira ranbura rana Thuvat vatham am Chao aowale alek Chay ayan ansupap ap • Deputy Secretary-General to the Prime • Former Army Expertise, Minister for Administrative Affairs, Office of Royal Thai Army the Prime Minister 5
Well-ver erse sed d Board d of Direct ector ors s (Cont ’ d) Wittaw awat at Svasti ti-Xu Xuto to Wuttiko ikorn Stith thit it • Chief Technology and Engineering Officer, • Senior Executive Vice President, PTT Public Company Limited Gas Business Unit, PTT Public Company • Director, PTT Global Chemical Public Limited Company Limited Somch chai ai Wongwatt attan anas asan an Wirat at Uanar arumit it Peangp gpan anor Boonklu klum • Senior Executive Vice President / Group • Chief Operating Officer, PTT Public Company General Counsel, Office of General Limited Secondment to Thai Oil Plc as Chief • Former Executive Vice President – Counsel, PTT Public Company Limited Executive Officer and the President Strategy, Thai Oil Public Company Limited Bandh dhit it Thampr amprajamc ajamchit it Kongkra rapan Intar arajan ajang • Senior Executive Vice President, Refinery • Chief Operation Officer – Upstream and Petrochemical and Acting Executive Petrochemical Business, PTT Global Chemical Vice President, Manufacturing Thai Oil Public Company Limited Public Company Limited Chawali awalit t Tipp ppawan awanic ich • Senior Executive Vice President, PTT Public Company Limited 6
Hig ighly ly Expe peri rience nced d Manage gement ment Team Proven Track Record and Expertise in Thai Energy and utilities Industry Chawalit Tippawanich President & CEO Smornchai Rosaya Sirimet Wanida Khoonrak Teinwan Leepagorn Boonpiraks 14 years in PTT Group 16 years in Energy & EVP EVP utilities industry EVP EVP Business Development and Asset Management Operations Corporate Finance Corporate Strategy and Accounting 35 years in PTT Group 28 years in PTT Group 32 years in PTT Group 29 years in PTT Group 7 Energy & utilities industry Energy & Utilities industry Energy & Utilities industry Energy & utilities industry both onshore and offshore operation Several senior executives have long experience working within the PTT Group and have expertise in power generating business Rotation policy of key staff within the PTT Group helps foster closer linkage with key shareholders in the company Succession planning encourage talented employees and to ensure continuity of strategies 7 PTT Group regular meetings drive synergies between the key subsidiaries of the Group
GPS PSC Innov ovativ ive e Powe wer r Company ny at a G Glance ce Shar arehold ldin ing g Structu ture In 2019, , Total al Equit ity Cap apaci acity ty 1 Electricity 5,026 MWe Steam 2,876 T/H Public blic COMBINED BINED CYCLE / 22.7% 25.0% COGENE ENERAT ATIO ION N / THERMA MAL 2 Electricity 4,463 MW Steam 2,876 T/H Chilled Water 15,400 RT 8.9% Industrial Water 7,372 Cu.m./H 22.6% 20.8% RENEWA NEWABLE E ENERG ERGY Electricity 114 MW Thai Oil Power is 74% held by Thai Oil and 26% by PTT Compan mpany Infor formatio ation Head Offic ice 555/2 Energy Complex Building B, HYDRO ROELEC ECTRI RIC 5th Floor, Vibhvadi-Rangsit Road, Chatuchak, Bangkok, Thailand Electricity 449 MW Busin sines ess s Type pe Energy & Utilities Regist istered ered Capit ital al THB 28,197 million (THB 14,983 million) (Paid aid-up) up) (USD 914.2 million ; USD 485.7 million) OTHER ER BUSI SINESS NESSES ES Market rket Cap THB 105,255.63 million (As of 26 Sep 2019) (USD 3,412.3 million) 24M Technologies, Inc. (USA) Business Service Alliance Co.,Ltd. Note: Use FX = 30.846 THB/USD ; the w.a. selling rate announced by the BOT on 15 Aug 2019 Note: 1) Equity capacity includes 100% stake in GLOW, GRP and ERU 2) Equity capacity includes ERU 8
GPSC Customers’ Profile 57% 57% Indus ustrial ial Users 40% 40% EG EGAT LONG TERM OFF TAKE CONTRACTS TS 3% 3% Othe hers Guaranteed market and source of revenue Guarantee a minimum level of profit in regards to their Q2/2019 Revenu nue by Customers rs investment Price adjustment formula, varying with fuel price 9
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