-2023 ~600kta ROCE 13-15% ~400-450 Adopting best in class international practices Going forward, our MD&A reporting will reflect the Reported EBITDA & Underlying EBITDA in a sequential manner, moving away
and product oil price hedging contract 140 6 N/A (138) N/A 147 (442) N/A Gain (loss) from foreign currency forward contracts 2 (4) N/A 95 N/A 13 162 N/A Gain on foreign exchange 274 115 N/A 52 N/A 614
: Operating EBITDA is EBITDA excluding Inventory Gain/Loss (net NRV), one-time item and Gain/(Loss) from foreign currencies forward contract. The Refinery and Oil Trading Business is still affected by Gross
by BCPT Trading Pte. , Ltd. , it recorded increase in the amount of trade and transaction of crude oil and finished product from moving forward in increasing transactions with its trade partners and
performance. As for the oil trading business operated by BCP Trading Pte. Ltd., there was an increase in trade and transactions volume of crude oil and finished products. A result of the company moving forwards
currency forward contracts 2 37 (19) N/A -152% 58 18 -70% Gain (loss) on foreign exchange 250 271 92 -63% -66% 335 363 9% Reversal of allowance for gain/(loss) from impairment of assets 0 (101) 19 N/A -118
Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales
from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross
synergy benefit of ~20 $M with cost optimizations. Integrated EO profitability were impacted due to poor oilfield demand and slowdown in construction sector though margins remain intact. Poor Gasoline
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