Siamgas & Petrochemicals Public Co. Ltd. · SET:SGP
Siamgas & Petrochemicals Public — Q1 2026 Earnings Presentation
38 slides from Siamgas & Petrochemicals Public's earnings presentation, 2026
Slide 1: Investor Presentation 1Q/2026
Investor Presentation SIAMGAS AND PETROCHEMICALS PUBLIC COMPANY LIMITED 1Q/2026
Slide 2: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 3: Shareholding Structure
SHAREHOLDING STRUCTURE MAJOR SHAREHOLDERS : 55.7% (Weeraborwornpong Group) Public Shareholding 1,837.86 PUBLIC : 44.3% Foreign 32.01% Million Shares Retail 12.04% Shareholders Detail Latest book closing : On 12 MAR 2026 Thai 0.25% Rights Type : XM NVDR Free Float As of 12 MAR 2026 % Shares in Minor
Slide 4: Milestones
MILESTONES Building a Global Energy Infrastructure Network Evolving from a Domestic LPG Distributor into an International Energy Infrastructure Network 50+ Years Industry Experience 7 Countries of Operations Integrated LPG Value Chain Strategic Energy Infrastructure Assets 1976 2004-2008 2010-2013 2
Slide 5: Business Operations
BUSINESS OPERATIONS THAILAND OVERSEA LPG Distribution LPG Distribution (Singapore, China, Malaysia, Vietnam, Laos) Road Transportation Power Generation Marine Transportation • 230 MW. Combine Cycle Power Plant (Myanmar) • 10 MW. Diesel Power Plant (Myanmar) Cylinder Manufacturing Oil Trading Oil Ret
Slide 6: Business Update – Q1/2026 (Thailand)
BUSINESS UPDATE – Q1/2026 THAILAND Thailand LPG demand remained resilient in Q1/2026, supported by gradual recovery in the tourism and service sectors, particularly across restaurant and hospitality segments. Automotive LPG consumption continued to improve amid elevated oil prices, reinforcing d
Slide 7: Business Update – Q1/2026 (Oversea)
BUSINESS UPDATE – Q1/2026 OVERSEA Global LPG and energy markets remained supported by ongoing geopolitical uncertainty and tighter regional supply conditions during Q1/2026. LPG price movements remained upward throughout the quarter, primarily driven by higher crude oil prices, supply chain disr
Slide 8: SGP Global Operational
SGP GLOBAL OPERATIONAL Integrated Energy Infrastructure Across Key Asian Energy Markets 50+ Years Industry Experience 7 Countries of Operations Integrated LPG Value Chain Strategic Energy Infrastructure Assets CORE BUSINESS SEGMENTS VESSELS FLEET LPG Distribution CHINA LPG Trading 6 Vessels (VLGC) O
Slide 9: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 10: Integrated LPG Value Chain
INTEGRATED LPG VALUE CHAIN End-to-end infrastructure enabling efficient LPG supply across Thailand Global Sourcing Import & Domestic Storage Distribution End-Use Markets Logistics Infrastructure Network LPG supply from Marine & Truck Strategic storage Nationwide LPG Household, Domestic and global tr
Slide 11: Thailand LPG Market – All Sectors
THAILAND LPG MARKET – ALL SECTORS SGP Sales volume Market Total Market Share (SGP Group) ~ 23.02% Slightly Up 3M/2026 > 216,947 Tons +1.50% YoY 3M/2026 > 942,416 Tons +0.27% YoY (Q4/2025 ~ 22.79%) SGP GROUP continues to grow above overall market growth LPG SALES VOLUME (Tons) – 3M/2026 Sales Perform
Slide 12: Cooking Market
COOKING MARKET SGP Sales volume Market Total Market Share (SGP Group) ~ 22.58% Stable 3M/2026 > 122,439 Tons -0.94% YoY 3M/2026 > 542,238 Tons +1.68% YoY (Q4/2025 ~ 22.55%) Cooking segment sales softened slightly despite stable overall market demand. LPG COOKING VOLUME (Tons) – 3M/2026 Sales Perform
Slide 13: Automotive Market
AUTOMOTIVE MARKET SGP Sales volume Market Total Market Share (SGP Group) ~ 25.74% Improved 3M/2026 > 46,595 Tons +9.78% YoY 3M/2026 > 180,986 Tons -3.79% YoY (Q4/2025 ~ 24.80%) Automotive segment outperformed the declining market and gained market share. LPG AUTOMOTIVE VOLUME (Tons) – 3M/2026 Sales
Slide 14: Industry Market
INDUSTRY MARKET SGP Sales volume Market Total Market Share (SGP Group) ~ 22.59% Stable 3M/2026 > 36,579 Tons +1.41% YoY 3M/2026 > 161,933 Tons -1.82% YoY (Q4/2025 ~ 22.45%) Industrial segment outperformed the declining market and strengthened market share. LPG INDUSTRIAL VOLUME (Tons) – 3M/2026 Sale
Slide 15: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 16: Comparative Trends of Gas and Oil Prices
Comparative Trends of Gas and Oil Prices LPG USD/TON Propane [C3] 1000 Butane [C4] 900 800 800 820 800 700 630 640 640 620 620 630 630 615 625 605 605 585 565 565 570 595 590 570 750 750 760 545 600 520 540 540 490 490 475 485 620 630 630 615 635 635 625 635 615 615 460 605 625 610 600 500 580 580 5
Slide 17: Global LPG Supply Routes & Delivery Lead Time
Global LPG Supply Routes & Delivery Lead Time Strategically located infrastructure supports efficient LPG distribution across regional and international markets. 30 USA 30 1.5 Middle East 8 45 5.5 Floating Storage 5 7 Africa 12 35 3 2.5 LPG Supply Sources 0.75 Middle East Africa Australia USA Floati
Slide 18: Total Overseas LPG Sales
Total Overseas LPG Sales YEARLY - SALES VOLUME (TONS) QUARTERLY PERFORMANCE OVERSEAS BUSINESS HIGHLIGHTS 1Q26 Total LPG Volume • Total overseas LPG sales reached 3M/2026 743,596 32.2% of 2025 743,596 tons 0.74 million tons in 3M/2026, -4.0% QoQ +16.4% increasing 33.6% YoY mainly due to 2025 2,311,88
Slide 19: Offshore Trading Business
Offshore Trading Business YEARLY - SALES VOLUME (TONS) QUARTERLY PERFORMANCE CUSTOMER DISTRIBUTION 1Q26 Trading Volume Customer base diversified 3M/2026 across Asia 401,988 37.6% of 2025 401,988 tons -20.9% West Asia 63.7% QoQ +55.8% 2025 1,068,001 Southeast Asia 28.9% YoY +47.0% +2.1% East Asia 7.4
Slide 20: Retail Business
Retail Business YEARLY - SALES VOLUME (TONS) QUARTERLY - SALES VOLUME (TONS) RETAIL BUSINESS HIGHLIGHTS • 3M/2026 retail sales increased 3M/2026 341,608 27.5% of 2025 1Q’26 341,608 20.7% YoY to 0.34 million tons, +17.6% 4Q'25 380,584 driven by stronger demand across 2024 1,243,881 key markets. -28.4
Slide 21: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 22: Power Plant Business
POWER PLANT BUSINESS SIAMGAS
Slide 23: Power Plant
POWER PLANT 230 MW. COMBINE CYCLE POWER PLANT 10 MW. DIESEL POWER PLANT SELL TO GOVERNMENT SELL TO HOUSEHOLD 100% of electricity generated is sold to the Government of 100% of electricity generated is supplied to villages and industrial Myanmar under a 30-year PPA (COD: 30 Apr 2014) areas in Anin an
Slide 24: Liquid Tank Farm and Deepsea Port
LIQUID TANK FARM AND DEEPSEA PORT SIAMGAS
Slide 25: Other Business
OTHER BUSINESS TANK FARM CAPACITY OVERVIEW OVERSEA OIL TRADING Sale volume (barrels) TOTAL CAPACITY 345.7 Mil. Liters 819,890 TOTAL TANKS 14 Tanks 60.6% of 2025 UTILIZATION (As of 31 Mar 2026) 362,505 284,907 219,722 Utilized (SGP group) 7 Utilized (Oil trader) 5 Available 2 2023 2024 2025 3M/2026 U
Slide 26: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 27: Financial Update – Q1/2026
FINANCIAL UPDATE – Q1/2026 Consolidated revenue for Q1/2026 increased 17.6% YoY to THB 23,171 million, supported by higher overseas sales volume despite lower average CP prices. EBITDA increased significantly by 179.9% YoY to THB 2,577 million, with EBITDA margin improving to 11.12%, driven by r
Slide 28: Revenue Portion (3M/2026)
REVENUE PORTION (3M/2026) REVENUE BY GEOGRAPHY REVENUE BY PRODUCT 87.1% Thailand (30.9%) 23,171 Oversea (66.2%) Million Baht Logistic (1.5%) 10.9% Other (1.4%) 2.0% Thailand 33.8% LPG (87.2%) OIL (2.0%) Other (10.9%) (Thailand LPG, Logistic & Other) Oversea 66.2% 28 (Offshore Trading & Retail Overse
Slide 29: Revenue
REVENUE 3M/2026 consolidated revenue of Bt 23,171 m shows a 17.6% YoY growth. Key Highlights : • CP price declined from USD 620.00/ton to USD 535.83/ton. “Revenue increased strongly despite lower CP prices, supported by higher overseas sales volume” • Overseas sales volume increased from 0.56 millio
Slide 30: EBITDA
EBITDA 3M/2026 consolidated EBITDA of Bt2,577 m shows a 179.9% YoY growth. Key Highlights : • Q1/2026 EBITDA increased 179.9% YoY to Bt2,577 million. • EBITDA margin improved from 4.67% to 11.12% YoY, supported by higher “Higher CP prices supported EBITDA growth through both inventory gains and impr
Slide 31: Net Profit
NET PROFIT 3M/2026 consolidated NET PROFIT of Bt1,530 m reflects a significant turnaround Key Highlights : • Q1/2026 Net profit surged to THB 1,530 million, supported by improved market conditions and margin recovery. “Net profit rebounded strongly in Q1/2026, supported by margin recovery and rising
Slide 32: Financial Position
FINANCIAL POSITION DEBT PORTION Key Highlights ASSET (+12.1%) 56,694 ✓ Total assets increased by 12.1%, 50,587 Cash & Equivalents (+17.4%) 4,092 3,487 6,119 LOAN (42%) supported by growth in operating 5,152 Trade and current receivables (+18.8%) 7,508 9,380 M.Baht 3,814 7,364 performance and working
Slide 33: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 34: Sale Performance vs. Outlook
SALE PERFORMANCE vs. OUTLOOK HISTORICAL SALES VOLUME (TONS) SALE VOLUME vs OUTLOOK 2026 Sales volume Outlook % % Thailand Offshore Trading 2024 2025 3M/2025 3M|2026 (TONs) 2026 Success YoY China Vietnam SGP - Thailand 825,538.66 869,493.99 214,412.36 910,000.00 221,592.59 24.4% 3.3% Malaysia & Singa
Slide 35: Agenda
01 BUSINESS OVERVIEW 02 THAILAND LPG BUSINESS 03 GLOBAL LPG BUSINESS 04 OTHER BUSINESS 05 FINANCIAL RESULTS 06 BUSINESS OUTLOOK 07 DIVIDEND POLICY
Slide 36: Dividend Payment
DIVIDEND PAYMENT HISTORICAL DIVIDEND PAYMENT DIVIDEND POLICY 2025 0.10 0.10 The Company has established the policy to pay 2024 0.15 0.20 Interim Final dividends to the shareholders at the rate of not 2023 0.10 0.15 less than 40% of the net profit after corporate 2022 0.20 0.20 income tax, accumulate
Slide 37: Q&A
Q&A
Slide 38: Contact details
02-120-9999 # 3611,3612 sgp_ir@ugp.co.th www.siamgas.com 553 The Palladium Building 30th Floor, Ratchaprarop Road, Makkasan, Ratchathewi, Bangkok 10400 Thailand.
Siamgas and Petrochemicals Public Company — Q1 2026 Earnings Presentation on 6ix