VIETNAM OIL AND GAS GROUPB I N H S O N R E F I N I N G A N D P E T R O C H E M I C A L J O I N T S T O C K C O M PA N YLEADERSHIP CHALLENGESTO SHAPE WITH VISION AND STRATEGY FOR DEVELOPMENTOF GREEN AND CLEAN ENERGY AT DZUNG QUAT REFINERY

Presented by: Mr. MAI TUAN DATat the 41st JCCP International Symposium

BSRfOVERVIEWCHALLENGESSTRATEGYFOR THEFUTURE

BSR OVERVIEWInvestor: Vietnam Oil and Gas GroupLocation: Quang Ngai Province – Center ofVietnamBSR is amongst the largest contributors to growthof PetroVietnam (PVN) and Vietnam economy

Area: 956 hecta – Future expansion: 140 hecta
Design capacity: 6.5 million tons crude
oil/year

Actual capacity: 105% - 112% design capacity
Crude Oil: ~ 85% domestic, 15% import
Products: 97.5% Refining Fuels (Mogas RON
92/95, Diesel, FO, Jet A1, LPG), 2.5%
Petrochemicals (Polypropylene)
Manpower: 1.515 leaders and employees
BSR’s Process Safety Management: RBPS
CCPS 20 elements

Safe working hours: over 37 million.
TOTAL PRODUCT SALETOTAL REVENUE

STATE BUDGETCONTRIBUTIONTOTAL PROFIT AFTER
TAX

83.5 million tons

60.5 billions $8.7 billions $1.78 billions $CHALLENGES – LEADERSHIP & HR IN ENERGY TRANSITION
The energy transition is shaping consumer and regulatory behavior, significantly impact the Oil andGas Value chain

Megatrends

Leader& HR

Increasing adoption of Electric
VehiclesCreate career and development
DiversifyingPPstrategies
to develop
leadership

Growing
engagement
renewables

Become advisor and partners forleadership team.

Energy Transition

Energy transition is apathway towards
transformation of the global
energy sector from fossilbased to zero-carbon by thesecond half of this century

withTightening
emissionsandefficiency regulatory standards

products

Talent management

CHALLENGES - COP26 CLIMATE COMMITMENT
Vietnam has committed to developing climate action plan to achieve net-zero carbon emissions by 2050
Vietnam's climate action commitment
BSR to support:
Key concerns for Vietnam
Worsening air pollution large
cities, especially Ha Noi and Ho
Chi Minh.
Threat of rising sea levels due toclimate change especially in themost vulnerable regions in South
VietnamHeavy dependence on coal andmay double the amount of coalfired electric generation by 2030

Transitioning from fossil fuel to green/clean renewable energy
sources
Reduction of greenhouse gas emissions
Diversifying
Step up adoption of digital economy
to PP
address climate change

products

PR campaigns for public and businesses to increased awarenessand support for the government’s COP26 commitments
Sustainable management including using forest and increasing
trees to offset carbon emissions
Others.
ion material usage and urban development forCHALLENGES – GREEN HR IN ENERGY TRANSITION
Green HR encompasses HR policies that help protect and preserve naturalresources. Building a sustainable organization with green HR practices isbeneficial:
Promotes green values: Improving employees’ knowledge and understandingof environmental values leads to more sustainable lifestyles.
Instills green behavior: Employees can learn eco-friendly habits in the officeor factory environment, such as saving paper and energy resources.
Increases green commitment: Employees who feel a high level ofresponsibility for preserving the environment are committed to implementing
the company’s green business concept and following measures to increase
efficiency, save electricity, reduce waste and fulfill their environmental
responsibilities.
Creates positive company image: Employees feel proud to join a company
committed to the environment that is not only growing economically but also
fulfilling its sustainability responsibilities.
Attracts job candidates: People like to be associated with a business that isrespectful of the environment and its employees, meaning such a businessattracts more candidates.

CHALLENGES – VIETNAM POWER DEVELOPMENT PLAN VIII
Accelerated transitions towards renewable energy re-emphasized by PDP823… synchronized with Draft PDP8'sdirection:..and announcement reflecting
ambition to transition into
renewable energy

1Vietnam announced notableenvironmental commitments in
COP26 conference…
2030 Cut methane emissions by 30%
by 20301
2050 Achieve net-zero emissions% wind & solar% coal-fired

Sep'21 Draft
PDP8May'22 Draft
PDP840%
15-19%

59%
10%

Draft PDP8's Total power plant capacity
contribution (%)
728

As a follow-up, a Notice2 was issued identifying
8 areas of focus for implementing Vietnam’s
COP26 commitments, including:• Conversion from fossil fuel to green energy
sources
R Reduction of GHG emissions
Reduction of methane emissions
R&D and use of electric vehicles

CO4

The latest PDP8 targets drastic
reductions in CO2 emissions, proposing:Diversifying into renewable sources
Reducing reliance on fossil fuels &foregoing coal-fired power plant
projects

Implications Continuously implement emission monitoringfor BSR & management measures

324
20

29

1017
12

125

1359

2428

2020

2030

Renewables
Gas to power
Hydropower
Coal fired power
Others2045Vietnam's Draft Power Development Plan (PDP) 8:• Increasing focus on thermal power, hydro,LNG…
• …while curtailing development of solar power

Explore opportunities in renewable energy & green hydrogen

Notes: (1) Compared to 2020 level (2) Notice no.30/TB-VPCP, released on Jan 30, 2020 by the Vietnam government (3) Carbon emission trading scheme
Source: COP26 Announcements, PDP8, Press Search
Source: BSR - BCG Analysis

BSR STRATEGY FOR THE FUTURE
VisionMission
Corevalues“Being Asia’s leading integrated energy company for sustainable development”
Energy trilemmaachievement

Central Vietnam Socioeconomic development

Enhancingshareholder value

Boosting customer
experience

Holistic employee
development

Professionalism

Solidarity

Creativity

EffectivenessIntegrity

2022-2025 Strengthen the core

StrategicThrust

Enablers

2025-2030 Accelerate Adjacencies

Operating
optimization

Refined products
expansion/
diversification

Digitaltransformation

Renewable Energy/
Increase energy
efficiency

High-value CAPEX
projects

Importing Clean
Electricity fromNational Grid

Digitalization

Talent2030-2045 Explore
Explorenew
new opportunities
opportunities
2030-2045

Supported by strong enablers
Financing
Sustainability

Petrochemicalsvalue
Petrochemicals value
chain
expansion/chain expansion/
diversification
diversification
CO2emissionreduction
CO2 emission,, (CCUS,projectsreduction
projectsafforestation)(CCUS, afforestation)
Cleanhydrogen
Clean hydrogen

RiskManagement

BSR STRATEGY FOR THE FUTURE – GREEN ENEGRYBSR opportunities to build green energy credentials with integrator role across emerging green
technologies
Integrator across technologies and value chain
Strategic partnerships that support integrator role
Green Hydrogen

Solar PV/ Offshore wind
Build up expertise and experience in large-scale
RE projects with solar PV and offshore windbusiness, covering project development tobusiness operations excellence

Renewableenergy forGreen H2

Initial integration at scale with captive
demand and nearby off-takers

Leverage existing position in RE play withexcess RE production at low-cost

Low carbon delivery• Foundation to strengthen relationships with government and potential clients, while building energy
transition credentials to secure DPPA and long-term offtake agreements

BSR STRATEGY FOR THE FUTURE – TALENT MANAGEMENT
Establish the organization’s goals and objectives.
Develop organizational leaders with leadership skills.
Focus on cultural compatibility and engagement, promotementoring and interventions.
Provide opportunities for advancement in career withsuccession planning and retention.
Standardize the strategy for talent review and onboarding
processes.
Develop and standardize training programs, facilities, andlearning organization.
Track and measure performance.

Recognize and reward top performers with initiatives.
Apply salary and remuneration policies for internal experts
and high-quality personnel.
Create a holistic employee experience and adopt a flexible
attitude at work.

BSR STRATEGY FOR THE FUTURE – GREEN ENEGRY
BSR looks forward to inviting partners/investors to contribute solutions and invest/deploy the green
roadmap for BSR, some potential collaborations:
Growth & Innovation
Build business cases for solar, wind and green hydrogen opportunities.
Focused effort on commercial development of renewables business including
pricing, customer acquisition and key business infrastructure.

Investments/financing
Potential JV partners/acquisition targets to support growth

Support debt financing deals through domestic and international banks
Develop frameworks and structure for new financial instruments such as greenbondsTHANK YOU FOR YOUR ATTENTION