IRPC One Report 2022 EN

โครงสร้างรายได้ Unit 2022 2021 %Change Crude Intake Million bbl 63.86 70.19 (9%) Sales [1] Million Baht 324,800 255,115 27% Net Sales [2] Million Baht 318,396 235,174 35% Market GIM Million Baht 23,761 29,588 (20%) USD/bbl [3] 10.57 13.12 (19%) Accounting GIM Million Baht 17,413 40,692 (57%) USD/bbl 7.75 18.04 (57%) EBITDA Million Baht 3,987 26,961 (85%) Net Profit Million Baht (4,364) 14,505 (130%) Executive Summary Management Discussion and Analysis (MD&A) Notes: [1] Sales include (1) Petroleum Sales (2) Petrochemical Sales (3) Power and Utilities Sales (4) Sales of tank farm and port service, etc [2] Net Sales include (1) Petroleum Sales (excluding excise tax) (2) Petrochemical Sales (3) Power and Utilities Sales [3] Market GIM per bbl : [(Market GIM / Crude Intake)/Exchange Rate] The operating results in 2022 compared to those in 2021: In 2022, the Company registered net sales of Baht 318,396 million increasing by 35% from that in 2021. This attributed to a 43% increase in average selling prices following higher crude oil price while an 8% decrease in sales volume. The average crude intake was 175,000 barrels per day, down by 9% because of the planned major turnaround taking place approximately 1 month in 4Q22. The Market Gross Integrated Margin (Market GIM) was Baht 23,761 million (USD 10.57 per barrel) declining by 20% following a drop in petrochemical products spreads as well as an increase in crude premium versus a significant rise in petroleum products spreads especially Diesel and Gasoline spreads. 56-1 One Report 2022 170 IRPC PUBLIC COMPANY LIMITED

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