CAPEX Plan 2018-202222 December 2017

2017 Strategic Framework

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BIG: FT 100Treasure

for Sustainability

Pridewith Inclusiveness

Business Transparency Governance, Risk, Compliance

Community Shared Value & Environmental Responsibility

National Wealth Creator & Energy Security Enhancer

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Strategic Objectives

People FinanceEnablers: CCSRDigitizationRTI , ExpresSo & CVC

State Enterprise

Listed Company

Vision: “Thai Premier Multinational Energy Company”

Aspiration: Pride & Treasure of Thailand

Mission: Balance All Stakeholders

คนเกง่ คนดี

Values: Synergy Performance excellence Innovation Responsibility for society Integrity & ethics Trust & respect

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Design now

Decidenow

Donow

PTT Market Cap

Time

PTT 5 Years Investment StrategyContinue Investment across Energy Value Chain

Business Expansion from Core Business

Expand Core

• LNG Value Chain

• Gas Pipeline Network

• EEC Investment : EECi @ Wangchan Valley

Grow Internationally

• Regional Gas Value Chain

• Regional LNG Hub

• Oil, Non-oil & Lubricant

• Facility for Commodity Trading

• Electrification Value Chain :

Energy Storage System and Battery,

EV, EV Charger

• Smart City /Smart Property

• Material Science

• Life Science/Life Style

• Corporate Venture Capital

• Rapid Prototype

Prepare for Future ( New S-Curve )

Decide Now Design Now

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5-Year CAPEX (2018-2022) by Strategy 3D : Do Now Decide Now Design Now

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Committed CAPEX = 341,962 Provisional CAPEX = 245,202

Decide NowGrowth

Design NowNew S- Curve

Do NowProductivity/BAU/Restructuring

Do Now 25,000(10%)

Decide Now86,302(35%)

Design Now133,900

(55%)

Do Now190,728(56%)

Decide Now134,899(39%)

Design Now16,335

(5%)

Unit: MMTHB

Gas3%

Transmission17%

Oil & Trading3%

P&R6%

HO & Others7%

Capital restructure

47%

Other JV & wholly owned subsidiaries

17%

2018 2019 2020 2021 2022

16,897

159,573

7,038 21,033 12,169 26,049 3,854 Natural Gas

Transmission

Oil and International Trading

Petrochemical & Refinery

HO & Others

Capital restructure

Other JV and wholly owned subs

PTT: Committed CAPEX (PTT and Wholly Owned Subsidiaries) PTT plans to invest ~Bt 342bn* ($10bn) during 2018-2022

45,88021,369

5,599

246,613

22,501

* 2018-2022 budget approved by BOD on 22 Dec 17

Unit: MMTHB

PTT 5-Years Committed CAPEX Plan ̴Bt 342 bn

Additional Provisional CAPEX = Baht 245 bn

• Business expansions

• Prepare for the future ( New S-Curve )

JV & wholly owned subs

64%

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Thank youPTT Public Company Limited – Investor Relations Department

Tel. +66 2 537-3518, Fax. +66 2 537-3948, E-mail: ptt-ir@pttplc.com Website: http://www.pttplc.com

Disclaimer

The information contained in our presentation is intended solely for your personal reference only. Please do not circulate this material. If you are not an intended recipient,

you must not read, disclose, copy, retain, distribute or take any action in reliance upon it. In addition, such information contains projections and forward-looking statements

that reflect our current views with respect to future events, financial performance and result of PTT’s activities. These views are based on assumptions subject to various

risks and uncertainties. No assurance is given that future events will occur, that projections will be achieved, or that our assumptions are correct. Actual results may differ

materially from those projected.

The information contained in this presentation is subject to change without notice and PTT does not undertake any duty to update the forward-looking statements, and the

estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.

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