3Q2021 Analyst Presentation

November 12, 2021

Disclaimer

The information contained in this presentation is provided by Esso (Thailand) Public Company Limited (the "Company") and is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. None of the Company, or any of their respective members, directors, officers, employees or affiliates nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.

This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," "projects," or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. Forward-looking statements are based on

management's knowledge and reasonable expectations on the date hereof, and the Company assumes no duty to update these

statements as of any future date.

This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. No reliance may be placed for any purposes whatsoever on the information set forth in this presentation or on its completeness.

2

Industry and Business Environment

  • Average Dubai prices in 3Q21 was $71.7/Bbl
  • 3Q21 Industry gross refining margin was $3.8/Bbl
  • September 2021 YTD Thailand fuel demand decreased 5.2% Y-Y

Source : Reuters: Oil prices, Industry GRM, DOEB : Industry demand growth

3

Headline Results

  • Refinery crude intake at 113 KBD
  • Esso refinery continued production flexibility in response to demand during COVID-19 pandemic
  • Gross Refining Margin of $4.0/Bbl driven mainly by lower favorable inventory effects
  • Sales and Marketing team continued to look for growth opportunities and innovation to support customers
  • Third quarter net profit of Baht 46 million

4

Margins and Crude Intake

Industry Gross Refining Margin ($/Bbl)

Crack Spread ($/Bbl)

UGP

11.8

3.8

ADO

9.9

9.6

2.1

2.6

7.7

7.9

6.7

6.7

4.5

4.9

4.6

0.1

0.1

3Q20

2Q21

3Q21

9M20

9M21

3Q20

2Q21

3Q21

9M20

9M21

Gross Refining Margin ($/Bbl)

Crude Intake (KBD)

7.0

7.6

6.0

124

122

4.0

113

114

108

-6.7

3Q20

2Q21

3Q21

9M20

9M21

3Q20

2Q21

3Q21

9M20

9M21

Source : Industry GRM and Crack Spread from Reuters

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Esso Thailand pcl published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 09:56:06 UTC.