PTT : announces 2020 performance, maintaining its strength in the energy and petrochemical industries while delivers income to the state more than 36 Billion baht with an aim to enhance Thai’s economy, society, and environment for sustainability.

Mr. Auttapol Rerkpiboon, President & Chief Executive Officer, PTT Public Company Limited (PTT) announced positive performance in the fourth quarter of 2020. PTT Group reported its EBITDA (Earnings Before Interest Tax Depreciation and Amortization) at 71.614 Billion THB, increased by 4.149 Billion THB or 6.1 percent from the previous quarter, and net profit in the fourth quarter of 2020 amounted to 13.147 Billion THB, decreased by 973 Million THB or 6.9 percent from the previous quarter. PTT Group reported its total EBITDA in the year of 2020 at 225.672 Billion THB, declined 63.300 Billion THB or 21.9 percent and net profit reported at 37.766 Billion THB, decreased by 55.185 Billion THB or 59.4 percent from the previous year (2019). This showed a positive sign resulted from the management over the past year, despite the economic crisis and the world energy business has not yet recovered due to the epidemic impact of COVID-19. On February 18, 2021, PTT's Board of Directors approved the dividend payment based on the performance in 2020 at 1.00 baht per share, divided into an interim dividend for the first half of 2020 at 0.18 baht per share and for the latter 6 months at 0.82 baht. In 2020, PTT group delivered income to the state both in the form of dividends and income taxes approximately 36.535 Billion THB from 2001 - 2020, totaling about 9.9 Hundred Billion THB.

PTT Group has arranged the 2021 - 2025 investment plan in the next 5 years with the amount of 850.573 Billion THB (excluding the projects with ongoing investments or sought for investment opportunity). In addition, the provisional capital expenditure has been set for the next 5 years with at 804.202 Billion THB. The purposes of this preparation are to respond to changes, reinforce strengths and competitive capabilities, develop Thai economy in the main industry of refineries, natural gas, petrochemicals, and actively seek new opportunities for initiating future energy businesses. Moreover, the values from petroleum production sources are connected to people through advanced energy technology and innovation to create the ecosystem from LNG and Gas-to-Power business, Battery & Energy Storage and Electric Vehicles (EV) business. Infrastructure investments are ready for the second LNG Receiving Terminal at Nong Fab, Gas Separation Plant Unit 7 and the Fifth Natural Gas Transmission Pipeline as well as for further investment in renewable energy through Global Renewable Power Company Limited (GRP) with the target for investment in renewable energy business of 4.3 GW in 2025.

Apart from energy innovation, PTT Group has also initiated potential businesses in good life quality for Thai people. For instance, the establishment of Al and Robotics Venture (ARV) of PTT Exploration and Production Public Company Limited (PTTEP) as well as establishment of Innobic (Asia) for life science business in advanced technology and innovation in 4 groups: 1) pharmaceutical business, 2) food and nutrition business, 3) medical materials and equipment business, and 4) medical technology business. All these will become the New S-Curve of PTT Group and Thailand that promote the stability of Thai public health.

Regarding environment and society, PTT Group is in cooperation to upgrade business to low-carbon society as well as to run environmental-friendly business. The aim is to achieve the target of reducing greenhouse gas emission of PTT Group by 27 percent in 2030 in comparison with its normal performance. Various social service projects are further implemented with the focuses on value co-creation, enhancement of society's strengths through Restart Thailand Project that supports career building, income earning, and work skill development by employing people and students with vocational certificate to bachelor's degrees in every region at more than 25,000 positions. PTT provides trainings for newly graduates to gain knowledge in technology and innovation, develops SMART Farming Project to support community infrastructure development and to apply technology in new normal agricultural production process, as well as develops SMART Marketing to upgrade community products and sales promotion through marketing online channels and E-commerce etc.