Siamgas & Petrochemicals Public Co. Ltd. · SET:SGP
Siamgas & Petrochemicals Public — Q2 2026 Earnings Presentation
38 slides from Siamgas & Petrochemicals Public's earnings presentation, 2026
Slide 1: Investor Presentation 2Q/2026
Investor Presentation SIAMGAS AND PETROCHEMICALS PUBLIC COMPANY LIMITED 2Q/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 – Q2/2026
BUSINESS UPDATE – Q2/2026 THAILAND Resilient Domestic Demand Outperforming Market: Thailand LPG demand remained solid in Q2/2026. SGP achieved domestic sales volume of 202,726 tons (+0.48% YoY), successfully outperforming the overall domestic market contraction of -0.78% YoY. Cooking Segment Adj
Slide 7: 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 8: 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 9: 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 10: Thailand LPG Market – All Sectors
THAILAND LPG MARKET – ALL SECTORS SGP Sales volume Market Total Market Share (SGP Group) ~ 22.81% Improved YoY 6M/2026 > 419,673 Tons +1.00% YoY 6M/2026 > 1,839,978 Tons -0.25% YoY (6M/2025 ~ 22.53%) SGP GROUP outperformed the market with positive sales growth despite overall market contraction. LPG
Slide 11: Cooking Market
COOKING MARKET SGP Sales volume Market Total Market Share (SGP Group) ~ 21.89% Slightly Lower YoY 6M/2026 > 232,083 Tons -2.72% YoY 6M/2026 > 1,060,004 Tons +1.50% YoY (6M/2025 ~ 22.47%) Cooking segment softened amid continued growth in the overall market. LPG COOKING VOLUME (Tons) – 6M/2026 Sales P
Slide 12: Automotive Market
AUTOMOTIVE MARKET SGP Sales volume Market Total Market Share (SGP Group) ~ 22.95% Improved YoY 6M/2026 > 94,588 Tons +12.18% YoY 6M/2026 > 412,197 Tons +10.30% YoY (6M/2025 ~ 20.38%) Automotive segment outperformed the overall market, resulting in continued market share improvement. LPG AUTOMOTIVE V
Slide 13: Industry Market
INDUSTRY MARKET SGP Sales volume Market Total Market Share (SGP Group) ~ 19.44% Improved YoY 6M/2026 > 71,607 Tons +1.85% YoY 6M/2026 > 368,274 Tons -0.33% YoY (6M/2025 ~ 19.03%) Industrial segment outperformed the overall market, delivering sales growth despite market contraction. LPG INDUSTRIAL VO
Slide 14: 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 15: Business Update – Q2/2026 Oversea
BUSINESS UPDATE – Q2/2026 OVERSEA Q2/2026 Global LPG markets were significantly affected by Middle East geopolitical tensions and disruptions to LPG flows through the Strait of Hormuz. Asian LPG prices rose sharply in April as supply constraints intensified. Saudi Aramco's April CP increased to
Slide 16: Comparative Trends of Gas and Oil Prices
Comparative Trends of Gas and Oil Prices USD/TON 1000 Propane [C3] Butane [C4] LPG 900 800 800 820 800 700 630 640 640 620 620 630 630 615 625 605 605 640 585 565 565 570 595 590 570 750 750 760 600 545 600 520 540 540 490 490 475 485 620 630 630 615 605 625 635 635 625 635 615 615 610 460 620 500 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 2Q26 Total LPG Volume ❑ Total overseas LPG sales reached 1.27 million tons 6M/2026 1,267,836 54.8% of FY2025 524,240 tons in 6M/2026, up 24.5% YoY, driven by strong offshore trading activities, w
Slide 19: Offshore Trading Business
Offshore Trading Business YEARLY - SALES VOLUME (TONS) QUARTERLY PERFORMANCE CUSTOMER DISTRIBUTION 2Q26 Trading Volume Customer base remains diversified 6M/2026 across key Asia markets 723,752 67.8% of FY2025 321,764 tons -20.9% West Asia 62.9% QoQ -20.0% 2025 1,068,001 Southeast Asia 32.3% YoY +36.
Slide 20: Retail Business
Retail Business SALES GROWTH COMPARISON BY COUNTRY YEARLY - SALES VOLUME (TONS) QUARTERLY PERFORMANCE YoY QoQ 2Q/26 Trading Volume 6M/2026 544,084 43.7% of FY2025 202,476 tons China -48.4% -11.8% Malaysia 1.3% 1.0% +17.6% QoQ -40.7% Vietnam -44.5% -36.9% 2025 1,243,881 YoY -10.6% Singapore -4.1% 2.6
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 347.16 Mil. Liters 819,890 TOTAL TANKS 14 Tanks 63.0% of FY2025 UTILIZATION (As of 30 Jun 2026) 362,505 284,907 228,241 136,268 Utilized 5 +67.5% (+91,973 Barrels.) Available 9 2023 2024 2025 6M/2025
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 – Q2/2026
FINANCIAL UPDATE – Q2/2026 Strong Quarterly Revenue Expansion (+19.8% YoY): Consolidated revenue for Q2/2026 reached THB 22,637 million (+19.8% YoY compared to THB 18,890 million in Q2/2025), driving cumulative 6M/2026 revenue to THB 45,808 million (+25.9% YoY), underpinned by higher overseas sale
Slide 28: Revenue Portion (6M/2026)
REVENUE PORTION (6M/2026) REVENUE BY GEOGRAPHY REVENUE BY PRODUCT LPG (89.0%) Thailand (28.6%) 45,808 Oversea (68.5%) Million Baht Logistic (1.6%) Other (1.3%) Other OIL (2.2%) Thailand 31.5% (8.8%) (Thailand LPG, Logistic & Other) Oversea 68.5% 28 (Offshore Trading & Retail Oversea Business)
Slide 29: Revenue
REVENUE Key Highlights : 6M/2026 vs 6M/2025 6M/2026 consolidated revenue of THB 45,808 mn shows a 25.9% YoY growth. • CP price increased from USD 609.17/ton to USD 657.92/ton. “Revenue growth was driven by higher CP prices and strong overseas sales volume” • Overseas sales volume increased from 1.02
Slide 30: EBITDA
EBITDA Key Highlights : 6M/2026 vs 6M/2025 6M/2026 consolidated EBITDA of THB 6,230 mn shows a 479.5% YoY growth. ▪ 6M/2026 EBITDA increased significantly to THB 6,230 million, up 479.5% YoY. “EBITDA rebounded strongly to THB 6,230 million in 6M/2026, driven by improved margins and higher ▪ EBITDA m
Slide 31: Net Profit
NET PROFIT Key Highlights : 6M/2026 vs 6M/2025 6M/2026 consolidated NET PROFIT of THB 4,122 mn reflects a significant turnaround ▪ 6M/2026 net profit reached THB 4,122 million, compared with a net loss of THB 435 million in 6M/2025. “ Net profit strengthened significantly to THB 4,122 million in 6M/
Slide 32: Financial Position
FINANCIAL POSITION DEBT PORTION ASSET (+16.4%) “Balance sheet strengthened, with total 58,886 50,587 Cash & Equivalents (-7.3%) assets and equity increasing 16.4% and 3,231 LOAN (42%) 32.9%, respectively, as profitability 5,981 Trade and current receivables (+16.1%) 3,487 5,152 10,154 9,528 M.Baht i
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 6M/2025 6M|2026 (TONs) 2026 Success YoY China Vietnam SGP - Thailand 825,538.66 869,493.99 418,845.83 910,000.00 425,048.48 46.7% +1.5% Malaysia & Sing
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 DIVIDEND POLICY HISTORICAL DIVIDEND PAYMENT Unit : Baht/Share/Year Interim Dividend Annual Dividend The Company has established the policy to pay dividends to the shareholders at the rate of not less than 40% of the net profit after corporate income tax, accumulated loss brought for
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 — Q2 2026 Earnings Presentation on 6ix