Q3 2016 Results Presentation Opportunity Day 18 th November 2016 1 - PowerPoint PPT Presentation

Q3 2016 Results Presentation Opportunity Day 18 th November 2016 1

Q3 2016 Significant Events Company Overview Financial Performance 2

Q3 2016 Highlights Click to edit Master title style Click to edit Master title style rowing P rofit with S ustainability and C ontrol Revenue and margin THB 724 Million in profit growth from SPP Net profit of Q3/16 increased by THB 38 million from Q2/16 GPSC has been recognizing more revenue and stable mainly due to a dividend income from RPCL amounting to growth in gross profit in which SPP plants contribute to THB 240 million. Moreover, net profit of Q3/16 also higher gross profit compare to IPP. Also, GPSC will gain more revenue and profit margin from increased by THB 158 million from the under construction power Q3/15 mainly from the increase in plants, where 4 projects revenue from COD of IRPC-CP and NNEG. will start COD within 2017. rowth rofit FTSE Asia Pacific ISP1 NNEG CHPP ustainability ontrol ex Japan Index achieved milestones GPSC has been included in FTSE Asia Pacific ex Japan ISP1 succeeded the first drawdown of JPY 1,835 million from lender in August 2016. While NNEG generated Index after the inclusion in MSCI Index and SET50 . The revenue of THB 618 million in first full operating quarter, company also received awards & recognitions regarding increased by 247% from Q2/16. CHPP Solar Cooperatives corporate governance and disclosure of information had 26% construction progress in this quarter which including ESG100, Best CFO Awards, Investors’ Choice is expected to COD within 31 st December, 2016 . Award and currently was ranked “Excellent” for CGR scoring by Thai Institute of Directors (IOD). 3Q 2016 Significant Events

GPSC has been included in FTSE Index in 3Q/16 to reflect stock’s performance Click to edit Master title style Click to edit Master title style GPSC’s Stock Price Ranked “Excellent” for CGR THB / Share Scoring by Thai Institute of (May 15 – November 16) 45 Directors (IOD) (26 Oct 2016) Investors’ Choice Award (27 Jul 2016) 40 Best CFO Award from IAA (15 Jul 2016) 35 ESG 100 (29 Apr 2016) Global Small Cap Indexes Included in SET50 30 (30 Nov 2015) (4 Jul 2016) Asia Pacific ex Japan Small Cap (19 Sep 2016) Included in SET100 (4 Jan 2016) 25 First trading Day (18 May 2015) 20 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 IPO in May 2015, GPSC have been growing our business with continuously increased market capitalization. • Starting from November 2015 where GPSC has been included in the Global standard, namely MSCI Index and recently in September 2016 • GPSC is just included in FTSE Index. GPSC was classified to be in SET100 in January 2016 and then in July 2016 qualified as SET50. • In April 2016, GPSC has been shortlisted in ESG 100 as one of 100 companies listed in SET with sustainable business by Thaipat Institute • and recently in July 2016, GPSC was ranked “Excellent” for CGR Scoring by Thai Institute of Directors (IOD) These are the results of confidence on GPSC performance from all stakeholders. • 3Q 2016 Significant Events 4

Q3 2016 Significant Events Company Overview Financial Performance 5

Petroleum Authority of Thailand PCL (PTT ), GPSC’s parent company, is the largest energy conglomerate in Thailand PTT-Operated Business • The entire chain of natural gas from exploration and production, procurement, transportation to gas Gas Business Unit separation and marketing of natural gas Oil Business • Engaging in marketing and distribution of refined fuels, LPG and lubricating products Unit • A fully international trading business covering procurement, international trading of crude oil, International Trading condensate, petroleum, petrochemical products as well as other specialty substances Business Unit • Engaging in maximizing efficiency of infrastructural asset management and promote proficiency in Infrastructure professional project management such as land development businesses, standards and operating Business Unit systems for sustainability, engineering and maintenance services etc. Business invested through PTT Group companies PTT conducts the exploration and PTT invests in the coal business and coal • • Petroleum exploration Coal Business production business (domestic and mining business in Indonesia for sale to and production (E&P) international) through PTT Exploration China, Korea, Japan, and Taiwan through and Production PCL (PTTEP) PTT Energy Resources Co., Ltd (PTTER) PTT engages in the power business PTT invests through 10 subsidiaries in Petrochemical & • • Power Business through Global Power Synergy PCL doing Petrochemical & Refining Business Refining Business (GPSC) The scope is from fuel processing, • As PTT’s power -business flagship, production and sales of upstream, • GPSC produces public utilities intermediate, and downstream (electricity, steam, demineralized water, petrochemicals, together with various chilled water) for industrial users and polymers, worldwide marketing business, Electricity Generating Authority of and integrated logistical services Thailand (EGAT) Source: PTT ‘s Nature of Business, PTT’s Annual Report 2015 Company Overview 6

Introduction to GPSC, a “PTT Group’s Power Flagship” GPSC has been founded to be the power flagship of PTT Group. In 2013-2014, PTT Group were restructured and transferred Power Assets to GPSC. The integration results in a total generating capacity of 1,851 MW of electricity; thereafter GPSC has acquired more to have 1,922 MW of committed electricity, 1,582 tons per hour of steam, 2,080 cubic meters per hour of industrial water and 12,000 refrigeration tons of chilled water. Asia Pacific ex Japan KEY MILESTONES Established Rayong Transferred 8 of Complete COD of Power Plant PTT’s power assets total electricity (339 MW, SPP) to GPSC capacity of 1,922 2004 2016 MW 1997 2013 2014 2015 2019 Established Sriracha Power PTT Group’s Power Flagship , Plant (700 MW, Consolidated all IPP) Listed on Stock PTT’s power asset Exchange of Thailand under GPSC Global Small Cap Indexes PTT Utility Independent Power (Thailand) GPSC’s Pre -listed Shareholding 56% 24% 24% 20% 60% 30% 30% 28% 12% 40% Company Overview 7

Vision & Mission GPSC’s Shareholding Structure  Create long term shareholders value with Public profitable growth. 22.7% 25.0%  Delivery reliable energy through operation excellent to customer.  Conduct business with social and 8.9% environmental responsibility 22.6%  Seek for innovation in power and utility 20.8% efficient management through Energy Storage Technology/ Smart Grid/Smart City Company Overview 8

GPSC’s facilities produce electricity of 1,922 Equity MW (2,318 Equity MW equivalent ; electricity 1,922 Equity MW , steam 1,582 T/H) BUSINESS PORTFOLIO Combined Cycle / Cogeneration Renewable Energy Hydroelectric Other Businesses Electricity 1,517 MW Electricity 58 MW Electricity 347 MW 24M Technologies, Inc. (USA) • • • • Steam 1,582 T/H Business Service Alliance Co.,Ltd. • • Industrial Water 2,080 Cu.m./H • Chilled Water 12,000 RT • ELECTRICITY CAPACITY BREAKDOWN Unit: Megawatt ELECTRICITY STEAM VSPP 0.003% 1,922 MW (operate 1,376 MW, 1,582 T/H Renew & Hydro under constriction 546 MW) (operate 1,441 T/H) Capacity 21% IPP 1,922 INDUSTRIAL WATER CHILLED WATER 48% Equity MW SPP 31% 2,080 Cu.m./H 12,000 RT IPP Independent Power Producers SPP Small Power Producers VSPP Very Small Power Producers Electricity 1,922 Equity MW, Steam 1,582 T/H Company Overview 9 (or equivalent to 2,318 Equity MW)

GPSC’s Business Portfolio : 12 Affiliates in 4 Countries Combined Cycle / Cogeneration Renewable Energy Combined Heat and Power Thai Solar Renewable 40% 100% Sriracha Power Plant (IPP) 100% Producing (VSPP) (VSPP) • Electricity: 700 MW • Electricity: 5 MW • Electricity: 80 MW • Industrial water: 80 Cu.m./h • Chilled water: 12,000 RT Nava Nakorn Electricity 30% Ichinoseki Solar Power 99% Rayong Power Plant (SPP Non-firm) 100% Generation (SPP Firm) • Electricity : 125 MW CUP 1-3 (SCOD in Q4/2017) • Steam: 30 T/h • Electricity: 339 MW • Electricity: 20.8 MW • Steam: 1,340 T/H • Industrial water: 2,000 Cu.m./h Bangpa-in Cogeneration 25% 100% CHPP Solar Cooperatives (VSPP) (SPP Firm) CUP-4 (SCOD in Q1/2018) Phase 1 • Electricity: 45 MW (SCOD in January 2017) • Electricity: 117 MW • Steam: 70 T/h • Electricity: 5 MW • Steam: 20 T/h IRPC Clean Power (SPP Firm) 51% Phase 2 (SCOD in June 2017) • Electricity: 117 MW Total Hydroelectric • Steam: 20 T/h • Electricity: 240 MW • Steam: 300 T/h Phase 1 COD Ratchaburi Power (IPP) 15% Xayaburi Power (IPP) 25% Electricity: 45 MW Steam: 170 T/h (SCOD in October 2019) • Electricity: 1,400 MW • Electricity: 1,285 MW Phase 2 under construction (SCOD in June 2017) Nam Lik 1 Power 40% Other Businesses (SCOD in 2018) • Electricity: 65 MW Business Service 25% 24M Technologies 15.8% Alliance Project under construction Upcoming COD by 2017 Company Overview 10