PRM 3Q2017 Financial Performance Opportunity Day 4 December 2017 - PowerPoint PPT Presentation

PRM 3Q2017 Financial Performance Opportunity Day 4 December 2017

Disclaimer The information contained in this presentation is strictly confidential and is provided by Prima Marine Public Company Limited (the "Company") to you solely for your information. Neither this presentation nor any part hereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and its respective affiliates or advisors. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and its respective affiliates or advisors. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, no representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. The information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities of the Company, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto (“Securities”) in Thailand or any other jurisdiction. Any recipient considering a purchase of Securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in a final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. No public offering of the Securities will be made in any other jurisdiction outside of Thailand where such an offering is restricted or prohibited. This presentation should not be construed as legal, tax, investment or other advice. The information contained herein does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many cases beyond the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. The recipient is cautioned not to place undue reliance on these forward looking statements. In providing this presentation, the Company does not undertake to provide any recipient with access to any additional information or to update the information contained in this presentation or to correct any inaccuracies herein which may become apparent. 1

Contents I. I. Business Overview II. Performance by Business Segment Trading Business ▪ FSU ▪ ▪ Offshore Business ▪ Ship Management III. Consolidated Financial Performance IV. Business Outlook & Investment Plan 2

I. Business Overview 3

PRM’s Four Main Business Segments in Oil & Gas Supply Chain Exploring & Extracting Transporting and Trading Manufacturing Offshore Business FSU Business Oil & Petrochemical Tanker Business Ship Management FSO AWB FSU <10,000 DWT >10,000 DWT 4

Major Player in Tanker Business Largest Oil Tanker Fleet in Thailand Trading Area No. of Oil Vessel Sizes Average Company Name Tankers DWT Age Small Vessels PRM Group 13 47,333 16.5 B.P.P. Supply Co., Ltd. 20 37,370 39.6 V.L Enterprise Co., Ltd. 13 33,684 18.7 Smooth Sea Co., Ltd. 6 29,344 20.7 Big Sea Co., Ltd. 12 25,630 21.1 C.& P. Co., Ltd. 4 18,012 17.8 Thai Oil Marine Co., Ltd. 3 16,917 13.0 Siam Mongkol Marine Co., Ltd. 3 13,284 22.0 P.I.N.K.Transport &Trading Co.Ltd. 3 9,057 43.0 V.C.C. Inter Marine Service 3 7,340 27.0 TMN Co., Ltd. 1 7,125 8.0 Raum-mitr Marine Oil Co., Ltd. 1 3,481 24.0 Trans Ocean Supply (1992) Co., Ltd 3 3,443 23.0 Impex Marine (Thailand) Co., Ltd. 1 2,100 30.0 Large Vessels PRM Group 2 214,464 15 TMN Co., Ltd. 1 48,676 11.0 Thai Oil Marine Co., Ltd. 1 32,250 21.0 KEY Player of No. of Marine Domestic Transport Charter-in Vessels PRM Transport • 67% of PTT marine volume 13 vessels • 25% of CHEVRON marine volume • 19% of Shell marine volume • 25% of ESSO marine volume 5 Remark: Data as at 30 September 2017

Major Player in FSU Business FSU – Emerging Trend FSU positions next to Singapore, hub of oil trading in Asia • FSU is a vessel acted as the storage unit in ocean , which has become an emerging trend as the oil storage solution Malaysia Complementary FSU Complementary Oil and Gas Storage International oil trading companies found FSU to be complementary • Existing Onshore Oil and Gas Storage to its onshore storage and optimize the logistic costs ✓ Lower Investment Transportation ✓ route to other Shorter time to launch ports ✓ Additional location equals better optimization ✓ Profit enhancement through blending and heating services Market Share in Key Port of Malaysia (Tanjung Pelepas) Sole Player of FSU Business in Thailand Collaborating with oil major players (Unit : Vessels) in expanding FSU business in Thailand • Bongkot Star (BKS) is the 1 st VLCC to introduce FSU in Thailand • BCP JV with PRM to use BKS as oil storage next to Sri Chang Island No. 1 in storage capacity of FSUs in key port of Malaysia 1 No.1 & Only One FSU 1 (Port of Tanjung Pelepas) Operator in Thailand 6 6

Major Player in Offshore Business Offshore Business Fleet Location Essential services for oil exploration and production activities PRM’s FSO fleet offers essential supporting services to oil exploration and Vietnam production including: Myanmar Laos FSO vessels anchor near the rigs to support oil • Offloading and gas exploration as offshore oil offloading unit Thailand • Provide accommodation, foods and drinks, basic Accommodation medical treatment, as well as recreation activities Sriracha Eagle for engineers and staffs working on oil rig Gulf of Offshore Fleet Composition Southern Pearl Thailand (As of 30 June 2017) FSO No. of vessels Total DWT Own Fleet 1 96,168 DWT Aframax Malaysia Navathanee JV Fleet 1 96,755 DWT Aframax Total 2 192,923 DWT Accommodation Work Barge (AWB) No. of vessels Total capacity Own Fleet 1 No. 1 in number of FSO among Thai service provider in Gulf of Thailand 1 300 Passengers 7

Premium Ship Management Services PRM Group provides “Technical Management” and “Crew Management” service for oil & petrochemical tanker, FSU, FSO, AWB, and cr ew boat. PRM’s Ship Management service ensures that every vessel under management follows rules and standards applied, and super vises operating activities including: Technical Management Crew Management Oil Tank Ship Management Service Activities 1 2 3 Technical Management Crew Management Management for Safety • Ship cargo operation Crew recruitment Operating to comply with international rules and regulations • • • Strictly carry PMS/drydock per Crew salary and other benefits • approved plan Crew training • • Prepare vessels for ship Crew Performance assessment • inspection and survey • Prepare documents and licenses SOLAS SOL SIRE related to vessel operation STCW STC • Follow International Safety Management Standard MARPOL POL MLC MLC Port Po rt State State Contr trol 8