Pilatus Marine Public Company Limited · SET:PLT
Pilatus Marine Public — FY2025 Earnings Presentation
33 slides from Pilatus Marine Public's earnings presentation, Mar 9, 2026
Slide 1: Opportunity Day Presentation FY2025
OPPORTUNITY DAY PRESENTATION Pilatus Marine Public Company Limited FY2025 9 March 2026 11:15 am – 12:00 pm (Online)
Slide 2: Agenda
Agenda Executive Summary Financial Performance Strategy for Growth Q&A 2
Slide 3: Executive Summary
MARINE Executive Summary
Slide 4: Business Operation in Overview FY2025
Executive Summary Business Operation in Overview FY2025 PLT strengthens its position in LPG and petrochemical logistics through disciplined operations, stable contract structures, and strategic expansion into international markets. Industry Environment 2025 FY2025 Performance & Strength Risk Managem
Slide 5: Business Operation in Overview FY2025
Executive Summary Business Operation in Overview FY2025 Revenue Contribution Fleet 17 vessels Fleet 3 vessel Domestic Marine (COA & Spot) International Marine (Time Charter) 73 Trucks International Marine (Spot) Capacity Capacity Land 17,546 D.W.T. 11,588 D.W.T. 16% (As of 31 Dec 2025) (As of 31 Dec
Slide 6: Q4/2025 Business Performance
RECAP FY/2025 Q4/2025 Business Performance Revenue Trend: 2025 Continuous Revenue Growth (Unit: Million Baht) Q4/2025 Impacting Factors • PLT reported service revenue of THB 265.54 million (+5.53% YoY, -3.67% QoQ) 794 795 963 1055 100 0 100 % • International marine transportation’s revenue 900 265 9
Slide 7: Historical Performance & Q4/2025 Recap: Revenue and Net Margin
RECAP FY/2025 Historical Peformance & Q4/2025 Recap Chartering Vessel Fortune Vessel Pilatus Swallow Pilatus 66 Net Profit Margin 65 9.1% 10.3% 10.0% 6.9% 7.3% 6.5% 6.9% 7.0% (%) 4.5% 4.9% 5.5% 5.1% 6.1% 4.9% 3.8% 3.4% Revenue from Services (Unit: million THB) 275.7 265.5 253.7 251.6 255.6 258.5 222
Slide 8: Historical Performance & Q4/2025 Recap: EBITDA
RECAP FY/2025 Historical Peformance & Q4/2025 Recap Chartering Vessel Vessel Fortune Pilatus Swallow Pilatus 66 EBITDA Margin 65 33.3% 32.3% (%) 28.2% 31.2% 31.3% 30.5% 29.9% 30.4% 29.7% 29.0% 31.5% 30.2% 28.8% 27.1% 25.7% 26.3% (Unit: million THB) EBITDA 81.5 83.2 77.2 74.6 74.1 76.4 66.8 70.2 68.2
Slide 9: Thai Economy Outlook 2026
2026 Business Outlook Thai Economy Outlook 2026 Thailand’s economy is showing signs of slowing momentum amid increasing domestic and external headwinds. The outlook remains fragile, weighed down by weak export performance, exchange rate volatility and baht strength relative to fundamentals, as well
Slide 10: Financial Performance
Pl LATOS FINANCIAL PERFORMANCE
Slide 11: Financial Highlights FY2025
FINANCIAL PERFORMANCE FINANCIAL HIGHLIGHTS FY2025 (Unit: Million Baht) Revenue Contribution Service Revenue SERVICE REVENUE Domestic (COA & Spot) 1,055 +9.5% Domestic (COA & Spot) International (Time Charter) International (Time Charter) International (Spot) Land International (Spot) Land 16% MB YoY
Slide 12: Financial Highlights Q4/2025
FINANCIAL PERFORMANCE FINANCIAL HIGHLIGHTS Q4/2025 (Unit: Million Baht) Revenue Contribution Service Revenue SERVICE REVENUE Domestic (COA & Spot) 266 +5.5% Domestic (COA & Spot) International (Time Charter) International (Time Charter) International (Spot) International (Spot) Land Land 17% MB YoY
Slide 13: Revenue & Volume: QoQ & YoY
FINANCIAL PERFORMANCE Revenue & Volume : QoQ & YoY The main contributors to revenue growth are the Time Charter services and Truck transportation, and the company has targeted this growth Shipping and trucking volumes trajectory to continue. Domestic (COA & Spot) International (Time Charter) Marine
Slide 14: Cost Breakdown: QoQ & YoY
FINANCIAL PERFORMANCE Cost Breakdown : QoQ & YoY COGS % Proportion (QoQ) 1% 1% 1% 1% 1% 2% 3% 6% 6% 5% 4% 4% 5% 5% 12% 15% 13% 18% 15% 21% 21% 23% 22% 22% 23% 23% 23% 23% 35% 34% 37% 33% 31% 31% 32% 22% 21% 21% 20% 20% 22% 21% 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 Employees Fuels Employees Fuels Deprec
Slide 15: Gross Profit & Net Profit: QoQ & YoY
FINANCIAL PERFORMANCE Gross Profit & Net Profit : QoQ & YoY Gross Profit & Net Profit (YOY) Gross margin (%) EBIT margin (%) Net profit margin (%) 17.1% 16.0% 16.1% 17.0% 17.3% 10.4% 11.1% 10.2% 10.1% 6.1% 8.6% 5.5% 6.5% 5.8% 4.9% (Unit: Million Baht) 183 163 107 106 63 61 40 47 43 26 29 23 14 17 13
Slide 16: EBITDA & EBITDA Margin: QoQ & YoY
FINANCIAL PERFORMANCE EBITDA & EBITDA Margin : QoQ & YoY EBITDA (QoQ & YoY) EBITDA Margin 29.7% 30.2% 28.8% 30.1% 29.9% (Unit: Million Baht) 315 290 75 83 76 4Q24 3Q25 4Q25 FY24 FY25 16
Slide 17: Financial Position 2024 – 2025
FINANCIAL PERFORMANCE Financial Position 2024 – 2025 Balance Sheet (2024-2025) ROA 2024 2025 6.8% 6.2% 1,747.9 1,747.9 1,668.6 1,668.6 FY24 FY25 874.5 Total 763.2 Total Liabilities Liabilities ROE 1,747.9 1,668.6 Equity Equity 873.4 905.4 7.4% 6.8% Total Assets Total liabilities and equity Total Ass
Slide 18: Strategy for Growth
PILATUS MARINE. STRATEGY FOR GROWTH
Slide 19: Strategy for Growth
STRATEGY FOR GROWTH Strategy for Growth 1. Structural Growth Positioning • Build on a strong domestic COA base, expand International Time Charter for stability, and manage Spot for selective upside. • Align operations with structural LPG demand growth in Asia- Pacific, driven by essential energy and
Slide 20: Increase Fleet Capacity
STRATEGY FOR GROWTH Increase Fleet Capacity 2025 2026 2027 2028 Expand the Fleet by 0 1 0 1 Gas Carrier Vessel Gas Carrier Vessel Renting the Fleet 1 0 1 0 (1 Year Contract) (1 Year Contract) Fleet Capacity (CBM) 3,500 3,500 5,000 5,000 PLT’s Total Capacity (CBM) 42,319 42,319 47,319 47,319 20
Slide 21: Expansion to International Market
STRATEGY FOR GROWTH Expansion to International Market Contract Terms : Time charter Japan Storage Tank Olefins Product: B-1, C3, Mix South Korea (Cargo) : C4, Propylene, LPG, BD China Service Area : North – South Asia Taiwan India Thailand Philippines Certified by : Approval by SIRE and CDI Vietnam
Slide 22: Pl LATOS
Pl LATOS
Slide 23: Fleet List Detail (Vessel)
Appendix Appendix Fleet List Detail (Vessel) No. Vessel Name Type CBM D.W.T Year Built Flag 1 PILATUS 14 Gas Carrier 12,467.63 950 1996 Thai 2 PILATUS 18 Gas Carrier 1,454.87 1,104.63 1986 Thai 3 PILATUS 33 Gas Carrier 1,307.85 1,162.00 1995 Thai 4 PILATUS 35 Gas Carrier 1,502.83 988.13 1990 Thai 5
Slide 24: Fleet List Detail (Vessel)
Appendix Appendix Fleet List Detail (Vessel) No. Vessel Name Type CBM D.W.T Year Built Flag 11 PILATUS 46 Gas Carrier 1,245.44 905 1994 Thai 12 PILATUS 50 Gas Carrier 1,245.82 943 1994 Thai 13 PILATUS 51 Gas Carrier 1,501.24 1,040.48 1990 Thai 14 PILATUS 54 Gas Carrier 1,245.58 960.31 1996 Thai 15 P
Slide 25: Fleet List Detail (Truck)
Appendix Appendix Fleet List Detail (Truck) Number of Truck Number of Gas Tank Capacity Type (Plate Registered) (No. of Car) (tons per tank) 6-Wheeled Truck 3 3 4 10-Wheeled Truck 59 59 8-10 Trailer Truck 11 11 15-16 Prime Mover 11 - - Total 84 73 25
Slide 26: Company Overview
MARINE COMPANY OVERVIEW
Slide 27: Company's Structure
Appendix Company’s Structure Pilatus Marine Public Company Limited (PLT) Operator of liquefied petroleum gas (LPG) and petrochemical products (Olefins) transport. Registered capital: 480 million baht Paid-up capital: 480 million baht Par value: 0.50 baht per share 99.99% 99.99% Worldwide Transport P
Slide 28: Company's Strength
Appendix Company’s Strength An operator of liquefied petroleum gas (LPG) and petrochemical products (Olefins) transport, recognized by global business operators for its efficient transportation management and international safety management Comprehensive Transportation Largest in Terms of Ships Serv
Slide 29: Company's Value Chain
Appendix Company’s Value Chain Comprehensive LPG transportation services by both maritime and land routes Auto Gas Refinery Household Filling Plant Industry Storage Tank 29
Slide 30: Transportation Routes
Appendix Transportation Routes International Japan China South Korea Taiwan India Thailand Vietnam Philippines Malaysia Singapore Indonesia 30
Slide 31: Company's Strength
Appendix Company’s Strength The company's fleet has the lowest average age of marine fleet in Thailand. Average Age of Company Number of Ships (Vessels) D.W.T Business Characteristics Ships (Years) LPG and Chemicals (Olefins) transportation 20 29,134 29.00 both domestically and internationally Siam
Slide 32: Important Disclaimer
Important Disclaimer The information contained in this document has been compiled from various sources, and Pilatus Marine Public Company Limited (“the Company”) makes no representations or warranties, express or implied, as to the accuracy, completeness, sufficiency, or freedom from defects of such
Slide 33: Pilatus Marine Public Company Limited
Pilatus Marine Public Company Limited Tel. 02-9301801-10 Email: contact@pilatusmarine.co.th
Pilatus Marine Public Company — FY2025 Earnings Presentation on 6ix