Pilatus Marine Public Company Limited · SET:PLT
Pilatus Marine Public — Q1 2026 Earnings Presentation
32 slides from Pilatus Marine Public's earnings presentation, May 20, 2026
Slide 1: Earnings Call (OppDay) Presentation Q1/2026
EARNINGS CALL (OPPDAY) PRESENTATION Pilatus Marine Public Company Limited Q1/2026 20 May 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 Sal Executive Summary
Slide 4: Business Operation in Overview Q1/2026
Executive Summary Business Operation in Overview Q1/2026 “Resilient performance – Stable LPG demand | Recurring COA Revenue | Stronger Time Charter Industry Environment Q1/2026 Performance 2026 Outlook TH GDP Growth Operating Performance 2026 Revenue Target Moderate Despite Growth 1.3 – 1.5% Maintai
Slide 5: Business Operation in Overview Q1/2026: Revenue Contribution
Executive Summary Business Operation in Overview Q1/2026 Revenue Contribution Fleet 17 vessels Fleet 3 vessel Domestic Marine (COA & Spot) 72 Trucks International Marine (Time Charter) Capacity Capacity Land 17,546 D.W.T. 11,588 D.W.T. 24% (As of 31 Mar 2026) (As of 31 Mar 2026) (As of 31 Mar 2026)
Slide 6: Q1/2026 Business Performance
RECAP Q1/2026 Q1/2026 Business Performance Revenue Trend: 2023-Q1/2026 Continuous Revenue Growth (Unit: Million Baht) Q1/2026 Impacting Factors • PLT reported service revenue of THB 795 963 1055 254 253.57 million (-0.80% YoY, -4.51% QoQ) 100 0 100 % • International marine transportation’s revenue 9
Slide 7: Historical Performance & Q1/2026 Recap: Revenue from Services
RECAP Q1/2026 Historical Peformance & Q1/2026 Recap Chartering Vessel Vessel Fortune Pilatus Pilatus Swallow 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% 5.0% 3.8% 3.4% Revenue from Services (Unit: million THB) 275.7 265.5 253.7 251.6 255.6 258.
Slide 8: Historical Performance & Q1/2026 Recap: EBITDA
RECAP Q1/2026 Historical Peformance & Q1/2026 Recap Chartering Vessel Fortune Vessel 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% 29.7% 27.1% 25.7% 26.3% (Unit: million THB) EBITDA 81.5 83.2 77.2 74.6 74.1 76.4 75.2 66.
Slide 9: Thai Economy Outlook Q1/2026
Q1/2026 Business Outlook Thai Economy Outlook Q1/2026 GDP growth expected at 1.3–1.5%. Energy and LPG demand remain stable due to essential roles in daily life, household consumption, and industrial activity. World Bank forecast IMF forecast SCB EIC forecast 1.7% 1.6% 1.30% 2026 global GDP 2026 glob
Slide 10: Financial Performance
PILATUS FINANCIAL PERFORMANCE
Slide 11: Financial Highlights Q1/2026
FINANCIAL PERFORMANCE FINANCIAL HIGHLIGHTS Q1/2026 (Unit: Million Baht) Revenue Contribution Service Revenue SERVICE REVENUE Domestic (COA & Spot) 254 Domestic (COA & Spot) International (Time Charter) International (Time Charter) -0.8% International (Spot) Land International (Spot) Land 24% MB YoY
Slide 12: 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 13: Cost Breakdown: QoQ & YoY
FINANCIAL PERFORMANCE Cost Breakdown : QoQ & YoY COGS % Proportion (QoQ) 2% 3% 1% 1% 1% 6% 5% 4% 4% 5% Others 15% 15% 21% 21% 21% Maintenance 22% 23% 23% 23% 24% Transportation Depreciation & Amortization 34% 33% 31% 31% 27% Fuels 22% Employees 21% 21% 20% 20% Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 13
Slide 14: 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 (%) 18.2% 16.1% 14.7% 9.7% 8.6% 8.8% 5.1% 4.9% 5.0% (Unit: Million Baht) 47 43 37 25 23 22 13 13 13 Q1/25 Q4/25 Q1/26 Gross Profit EBIT Net Profit 14
Slide 15: EBITDA & EBITDA Margin: QoQ & YoY
FINANCIAL PERFORMANCE EBITDA & EBITDA Margin : QoQ & YoY EBITDA (QoQ & YoY) EBITDA Margin 29.0% 28.8% 29.7% (Unit: Million Baht) 76 75 74 Q1/24 Q4/25 Q1/26 15
Slide 16: Financial Position 2025 – Q1/2026
FINANCIAL PERFORMANCE Financial Position 2025 – Q1/2026 Balance Sheet (2025 – Q1/2026) ROA 2025 Q1/2026 6.8% 6.2% 1,668.6 1,668.6 1,648.5 1,648.5 Q1/25 Q1/26 763.2 Total 734.7 Total Liabilities Liabilities ROE 1,668.6 1,648.5 905.4 Equity Equity 913.7 6.8% 6.7% Total Assets Total liabilities and equ
Slide 17: Strategy for Growth
PILATUS MARINE. STRATEGY FOR GROWTH
Slide 18: Strategy for Growth
STRATEGY FOR GROWTH Strategy for Growth 1. Structural Growth Positioning • Build on PLT’s stable domestic COA revenue base while expanding international Time Charter opportunities. Align fleet deployment with resilient LPG demand in Thailand and growing regional energy trade across Asia. 2. Cost Dis
Slide 19: 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 19
Slide 20: 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 21: Pilatus
PILATUS
Slide 22: 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 23: 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 24: 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 24
Slide 25: Company Overview
MARINE COMPANY OVERVIEW
Slide 26: 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 27: 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 28: 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 28
Slide 29: Transportation Routes
Appendix Transportation Routes International Japan China South Korea Taiwan India Thailand Vietnam Philippines Malaysia Singapore Indonesia 29
Slide 30: 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 31: 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 32: Pilatus Marine Public Company Limited
Pilatus Marine Public Company Limited Tel. 02-9301801-10 Email: contact@pilatusmarine.co.th
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