31st Annual General Meeting Presentation

Financial Performance for FY2024 and

Business Outlook for FY2025

第31次常年股东大会

31st Annual General Meeting

China Aviation Oil (Singapore) Corporation Ltd

中国航油 (新加坡) 股份有限公司

1

China Aviation Oil (Singapore) Corporation Ltd

中国航油 (新加坡) 股份有限公司

关于预测表述的声明

本幻灯片含预测类表述，该表述具有风险和不确定性。该类表述反映了管理 层对未来的预期、信心、希望、意愿、策略，以及根据当前可获得的信息所 作出的假设，不确保未来的实际业绩和情况。由于预测表述包含风险、不确 定性和假设性，因此实际业绩和结果可能与预测有较大出入。风险、不确定 性和假设因素包括但不限于行业和经济条件、竞争力和政治因素。本幻灯片 中的预测表述仅代表管理层观点，请勿过度依赖。其次，我们对本幻灯片所 载信息或意见的公正性、准确性、完整性和正确性，不作任何明示或暗示的 陈述或保证，也请勿依赖。中国航油（新加坡）股份有限公司和其任何关联 公司、顾问或代表均不对因使用、依赖或分发本幻灯片或其内容，或因本幻 灯片而直接或间接引起的任何损失承担任何责任（疏忽或其他）。

2

China Aviation Oil (Singapore) Corporation Ltd

中国航油 (新加坡) 股份有限公司

This presentation may contain forward-looking statements that involve risks and uncertainties. These statements reflect management's current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in the light of currently available information. Such forward- looking statements are not guarantees of future performance or events. Accordingly, actual performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, competitive factors and political factors. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither China Aviation Oil (Singapore) Corporation Ltd nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

3

China Aviation Oil (Singapore) Corporation Ltd

中国航油 (新加坡) 股份有限公司

2024财年业绩表现: 主要亮点

FY2024 Financial Performance :

Key Highlights

4

CAO's resilience and prudent strategies positioned it well to harness opportunities on the global aviation industry's recovery, driving operational excellence and a robust FY2024 performance:

• Total supply and trading volume rose 9.4% to 21.92 million metric tonnes ("MT")
• Revenue increased 7.6% to US$15.52 billion
• Net profit surged 33.8% to US$78.09 million

6

• CAO has maintained a healthy growth trajectory recording a commendable 50.8% compounded annual growth rate （"CAGR"） in profit before tax from FY2022 to FY2024. Profit before tax in FY2024 was US$85.75 million, rising by 30.1% year-on-year, underpinned by robust demand recovery in China and global aviation sector, enhancements to our business operations, better capital utilisation as well as strong profit growth in our associates.
• CAGR for share of results from associates from FY2022 to FY2024 was approximately 60.1%. Share of results from associates rose 51.4% to US$45.89 million in FY2024 compared with FY2023. Share of results from SPIA jumped 41.4% year-on-year to US$44.47 million, mainly due to higher SPIA profit as a result of higher refuelling volumes as well as optimisation in procurement and inventory management.

8

9

• Volume for middle distillates increased by 38.0% to 13.83 million MT for FY2024 from 10.02 million MT in FY2023.
• Revenue from middle distillates rose 23.0% to US$10.70 billion from US$8.69 billion in FY2023.
• Middle distillates revenue grew steadily post-COVID (2022-2024) posting a CAGR of 28.9%.

10