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2Q21 Results Investor and Analyst Update

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2Q21 Results Investor and Analyst Update 2Q21 results Investor and analyst update 17th August 2021 DISCLAIMER The information contained in this presentation is intended solely for your reference. This presentation contains “forward-looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of historical fact contained in this presentation including, without limitation, those regarding Banpu’s future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where Banpu participates or is seeking to participate and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “will”, “may”, “project”, “estimate”, “anticipate”, “predict”, “seek”, “should” or similar words or expressions, are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond our control, which may cause the actual results, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which Banpu will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as of the date on which they are made. Banpu does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. The information set out herein is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company. Banpu makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward- looking statements represent, in each case, only one if many possible scenarios and should not be viewed as the most likely or standard scenario. No assurance given that future events will occur or our assumptions are correct. Actual results may materially differ from those provided in the forward-looking statements and indications of past performance are not indications of future performance. In no event shall Banpu be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this material. Banpu makes no representation whatsoever about the opinion or statements of any analyst or other third party. Banpu does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or use of any such opinion or statement. Banpu’s securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state of the United States, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of such act or such laws. This presentation does not constitute an offer to sell or a solicitation of an offer to buy or sell Banpu’s securities in any jurisdiction. 2 Highlights Focus: Banpu Financial Energy Energy Energy 2Q21 Transformation Summary Resources Generation Technology 3 2Q21 highlights Accelerating the Banpu Transformation Strong cash flow generation Capital raising for future across businesses Greener, Smarter growth Additional investments in Greener, Smarter businesses through EBITDA improved by 12% from last Equity and debenture issuance investments in: quarter with higher contribution from to accelerate Greener, Smarter Coal and Gas businesses transformation Australia Solar Beryl and Manildra solar farm in Australia with total capacity of 167 MW US Power Continued increase in Innovating the energy Signed PSA for the commodity price levels ecosystem of the future acquisition of natural gas Gas price increased to $3.79/MMBtu Continued implementation of solar power plant in Texas, and coal price increased to $131/t for rooftop and floating solutions, Temple I CCGT with total the quarter, driven by increasing expansion of energy trading business capacity of 768 MW* demand and supply tightness and launch of new energy solutions Note: *signed Purchase and Sale Agreement, deal closing in 4Q21 4 Banpu: continued ESG leadership and credit rating recognition The DJSI, managed by S&P Global, is the The MSCI ESG Ratings is managed by The Sustainability Yearbook 2021, The THSI, prepared by SET, shortlists Thai leading international standard for corporate ​MSCI, one of the most experienced ESG published by S&P Global, showcases the companies following the highest ESG sustainability performance measuring agencies sustainability performance of top companies standards Class on SAM Sustainability Award since ratings for having a track record of Class distinction, achieving an ESG score consecutive year included in the THSI for 2015. In 2020, Banpu’s combined ESG managing the most significant ESG risks within 1% of the industry’s top-performing sustainable operations in-line with performance scores were 3x the industry and opportunities relative to peers company’s score responsible investment principles average As a strategic partner of S&P Global, Tris Rating The ASRA, organized by CSRWorks Ranking assessment by V.E, part of Moody’s has over 20-year experience as a leading credit International, is one of the most prestigious ESG Solutions, that recognizes companies in rating agency in Thailand awards for corporate reporting in Asia Emerging Markets for their ESG performance ratings with a ‘stable’ outlook on the company and Class in Asia’s Best SDG Reporting in 2020 Recognized as one of the top 100 Best senior unsecured debentures reflecting the for implementing strategy to support and Emerging Market Performers, out of a universe company’s stable business growth achieve UN Sustainable Development Goals of 843 companies from 31 different countries 5 Highlights Focus: Banpu Financial Energy Energy Energy 2Q21 Transformation Summary Resources Generation Technology 6 The Global Energy Transition: driven by natural gas and renewables WORLD PRIMARY ENERGY DEMAND, BY FUEL RENEWABLE INSTALLED CAPACITY NATURAL GAS DEMAND Unit: Btoe 2019 2040 17.1 2019 2040 15.8 GLOBAL 2,700 7,750 3.7 GW 730 750 14.4 GW USA 2.9 +0.8 Mtoe Mtoe +0.9 2.0 APAC 1,230 +0.5 4,400 +0.5 3.8 4.3 GW APAC 700 1,250 3.3 GW Mtoe Mtoe “ Renewable energy and energy efficiency Almost half of the increase in gas will work in synergy to drive global energy “ 4.5 +0.3 4.8 demand to 2024 is expected to come 4.8 decarbonisation. from the Asia Pacific region, driven by China and India as well as by emerging ” markets in South and Southeast Asia...North America’s gas production 3.8 -0.3 3.5 -0.2 3.3 “Around $15.1 Tn is invested in new power to account for about a quarter of global capacity to 2050 in our Economic supply growth to 2024. Transition Scenario... Around $11 Tn, or +0.1 +0.1 0.9 ” 0.7 0.8 73%, goes to renewables ...Asia Pacific 2019 2030 2040 sees 45% of all new capital… Renewables1 Natural gas Oil Coal Others2 ” Note: (1) Renewables include hydro, modern bioenergy, wind, solar, geothermal, and marine (2) Others include nuclear and solid biomass Source: IEA WEO 2020 Stated Policies Scenario, AWR Lloyd analysis 7 Banpu’s Greener, Smarter strategy: harnessing the 3Ds BANPU AND THE 3Ds Portfolio of renewable power Reducing carbon emissions through plants including solar and government policies, benchmarking wind farms, gas assets, systems, and stakeholders - from electric vehicles, HELE investors to consumers - prioritising environmental impact. and CCGT power plants Driving decentralized energy generation and Shifting from large, centralized storage through solar generation plants to dispersed generation from a mix of smaller rooftop installation, generators to improve energy energy storage systems, security, lower prices, and reduce and smart city development GHG emissions. Global Development of energy management systems, Using cutting-edge technology to operational excellence, energy Megatrends optimize increasingly complex energy generation, transmission trading, and and distribution systems, such as e-mobility solutions energy efficiency technology and battery storage. 8 Banpu: major ongoing transformation 2019-21 2019: 2020: Y T D 2 0 21: August 2021 October 2019 October 2020 April 2021 US Power ESS Acquisition of May 2019 US Gas Japan Power Increased battery Temple I CCGT* ESS Acquisition of Acquisition of production capacity Increased battery Barnett shale Nakoso IGCC production capacity February 2019 March 2019 February 2020 E-mobility E-mobility Japan Energy FOMM UMT trading +21.5% +30.7% Global Engineering +19.9% June 2019 December 2019 August 2020 China Solar Japan Solar Vietnam Wind June 2021 Jixin 4 solar farms Mui Dinh Australia Solar Beryl & Manildra 9 Note: *signed Purchase and Sale Agreement, deal closing in 4Q21 Greener investments in 2Q21 BERYL & MANILDRA TEMPLE I CCGT POWER SOLAR FARM (US$75 M) PLANT (US$430 M**) June 2021 August 2021 New South Texas, US Wales, Australia Acquisition of operating assets Immediate cashflow contribution generating immediate steady with a track record of consistent revenue
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