2018 Financial Results Opportunity Day Presentation 2 April 2019 - - PowerPoint PPT Presentation

SCAN INTER PUBLIC COMPANY LIMITED

2018 Financial Results

Opportunity Day Presentation

2 April 2019

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Agenda

2

1. SCN Overview 3 2. Review of 2018 Results 12 3. Business Direction and Update 19

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Scan Inter Overview

3

KEY MILESTONES 1988 SCN was founded by Khun Thanchart Kitpipit, as

an EPC contractor. It evolved into a leading energy engineering firm with deep EPC and manufacturing know-how

2003 SCN became the strategic partner for natural gas

procurements of PTT PCL - the 8th largest petroleum company in Asia

2015 Successfully listed in the Stock Exchange of

Thailand (SET); current market capitalization of ~USD 144 Million as of 16 Jan 2018 (SET: SCN)

2017 Gain foothold in automotive sector by winning a

procurement contract to supply Bangkok Mass Transit Authority (BMTA) with 489 CNG buses with 10-year maintenance contract

2018 Made a strategic acquisition (40%) of Green Earth

Power (Thailand) Co., Ltd, developer of 220 MW Solar PV Farm in Minbu, Magway, Myanmar Scan Inter PCL (“SCN”) operates across the natural gas value chain with business interests in renewable energy, automotive as well as transportation and logistic sectors

220 MW Solar Plant in Minbu Equipment and spare part sales Equipment and spare part sales Private Mother Stations (PMS) 13 Service stations Industrial compressed natural gas (iCNG) Logistics (Gas and Non-Gas) Engineering procurement and construction (EPC) Equipment and spare parts sales and manufacturing 5 MW Solar PV Power Plant in Nakhon Pathom 1.3 MW Solar PV Power Plant in Kalasin Production & assembly of automotive 2 Mitsubishi Dealerships Fuel system conversion installation for vehicles Logistics Equipment and spare part sales Equipment and spare part sales Equipment and spare part sales

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Shareholders and Management Structure

4

Kitpipit Family 63% Mutual Funds 6% Others 31%

Shareholding Structure Board of Directors

• Dr. Thanong Bidaya

Chairman of the Board Former Ministers of Finance and Commerce

• Mrs. Kannika Ngamsopee

Independent Director Former FEVP at The Siam Commercial Bank PCL

• Mr. Chamnarn Wangtal

Independent Director Former Deputy MD of Bank Thai PCL (Current CIMB Thai PCL)

• Mr. Vichien Usanachote

Independent Director Former MD of Bangchak Petroleum PCL

• ACM. Vorachat Tharechat

Independent Director Chairman of Royal Thai Airforce Advisory Board

• Mrs. Pimwanitar Jaratpreedar

CFO and Company Secretary Former Finance Director at M Pictures Entertainment PCL

• Mr. Thanchart Kitpipit

President Founder and former CEO

• Dr. Littee Kitpipit

CEO Executive director at Scan Inter PCL

• Ms. Narissara Kitpipit

EVP, Strategic Executive Director at Scan Inter PCL

• Mr. Somchai Leechawengwongs

EVP, Business Development Executive Director at Scan Inter PCL

• Mr. Chokdee Wongskeo

EVP, Engineering Former Executive Director and at Soecon Engineering Co., Ltd

Shareholders

• No. of shares

%

Kitpipit Family 756,720,000 63.06%

BBL Asset Management Co., Ltd. 75,753,400 6.31% Narooj Wiwanthanaklai 14,793,500 1.23% Thida Kaewbootta, MBA 12,089,800 1.01% Somsak Tirakanan 10,893,300 0.91% Somsak Amornpitak 10,381,000 0.87% Somphon Wongsirichon 7,982,000 0.67% Pakorn Mongkoltada 7,198,300 0.60% Nurak Mahatthanaanon 7,000,000 0.58% Pensri Ratanasuntarakul 6,700,000 0.56% Thai NVDR Co., Ltd 6,644,710 0.55% Other shareholders 281,390,377 23.65% *Shareholder as of 06/03/2019

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Natural Gas Automotive Renewable Energy Logistics

Offer integrated natural gas services from turnkey EPC, equipment and spare parts, transportation of NGV and CNG as well as service stations across Thailand Comprise of 2 solar plants with combined capacity of 6 MW and an additional 220 MW at Minbu, Myanmar under development Operate transportation business under Scan Inter Logistics brand in Laemchabang and Mabtapood industrial estate and nearby provinces Operate 2 Mitsubishi dealerships in Nonthaburi area and in process of transferring bus manufacturing division from gas to automotive segment

Business Overview

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Core Revenue Drivers

6

55%

Revenue from Gas (THB 1,718.5 MM )

20%

Revenue from Automotive (THB 630.5 MM )

5%

Revenue from Logistic & Other (THB 158.7 MM )

2%

Revenue from Renewables (THB 57.5 MM )

2018 2015

Total THB 2,095 MM

61%

Revenue from Gas (THB 1,284.9 MM )

0.07%

Revenue from Other (THB 143.8 MM )

31%

Revenue from Automotive (THB 666.1 MM )

Total THB 3,121 MM

18%

Revenue from Bus Project (THB 556.0 MM )

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 285 294

192 179

2017 2018

Net Profit and Operating Profit

7

Net Profit Operating Profit

63 94 72 68 60

47 62 41 30 46

4Q17 1Q18 2Q18 3Q18 4Q18

• 4.7% yoy
• 11.7% qoq
• 1.5% yoy

53.3% qoq

Net Profit and Operating Profit

(THB MM)

Operating Profit

• For

2018, SCN’s

• perating

profit increased approximately THB 6 million

• r 3.2%YoY related to increasing of

revenue with key driver of bus project, iCNG and other potential growth in gas- related business unit. Although increased in SG&A from consultant fees on new project, such as our Minbu solar project, as well as legal expenses related to the case involving the 489 NGV buses contract. Net Profit

• For 2018, net profit decreased by THB

12 million Finance costs increased by 62.5%YoY from THB 55 million to THB 89 million primarily due to bus project, new service stations and Minbu Solar Power Plant.

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Gas Businesses - Integrated Natural Gas Service Provider

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Distribution Pipeline Myanmar Import LNG Domestic Supply Regasification Conventional Station Compression Gas Quality Improvement Daughter Stations Factories Natural Gas Vehicles

Private Mother Stations (PMS) Natural Gas Transportation Service Stations

End Users

EPC, Maintenance, Equipment, Spare parts and Testing Fuel System

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Automotive Businesses – Addition of Bus Manufacturing Division

9

Mitsubishi Dealership Bus Manufacturing & Distribution

(As of FY2018, part Gas Businesses in financial statements)

▪ Operates 2 showrooms in Pakkred, Nonthaburi and Bangphun, Pathum Thani since 2012 and 2016 respectively ▪ Distribution of Mitsubishi car models and provide maintenance services ▪ Major achievements include:

• Top 10 in Sales volume in Thailand since establishment
• Best Sales Team in Thailand in 2017
• Best CSI (Customer Satisfaction Index) in Bangkok and

Metropolitan in 2016 ▪ Operate under SCN-CHO Joint Venture with successful pioneer project being the supply and maintenance of 489 NGV Buses to BMTA in 2018 ▪ Plans are being made to enhance our competitiveness in Thai bus industry ▪ Expected to become one of the main revenue contributor of automotive and SCN as a whole

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

3

• 5

6 56 106 156 226 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 SIFE BPS VON GEPM

Renewable Businesses - Growing Portfolio of High Quality Assets

10

Gross Equity In Operation 6 MW 6 MW Under development 220 MW 66 MW Total 226 MW 72 MW

Myanmar (1 project) Thailand (2 projects)

Project: Scan Inter Fareast Location: Lopburi, Thailand Capacity: 2.5 MW Type: Solar PV COD: 2012 Status: Fully divested Project: Bangpasri Location: Nakhon Pathom, Thailand Capacity: 5 MW Type: Solar PV COD: 2017 Status: In Operation Project: Kalasin Location: Kalasin, Thailand Capacity: 1.27 MW Type: Solar PV COD: 2014 Status: In Operation

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Scan Inter Logistics – Transporter of Container and CO2

11

✓ Own and operate over 100 trucks ✓ Cover over 4,800,000 km per year ✓ Trusted by over dozen customers

Trusted customers:

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Agenda

12

1. SCN Overview 3 2. Review of 2018 Results 12 3. Business Direction and Update 19

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Strong Core Performance Despite NGV Stagnation

13

Revenue

• For 2018, SCN’s revenue from sales and services increased by THB 607

million or 24.7%YoY. Significant improvement in the natural gas division, particularly the industrial compressed natural gas unit (iCNG) and the NGV buses unit, were the key drivers of the revenue growth.

• For Quarterly, there are growth of revenue by 19%QoQ or THB 176
• million. The main reasons was increased of affiliates’s service station revenue

and deliver of 200 CNG bus to BMTA.

EBITDA

• For 2018, SCN’s EBITDA increased by THB 36 million or 7.6%YoY.

Significant increase in EBITDA was driven mainly by iCNG, sales of NGV buses and acquisition of a 1.27MW Solar Power Plant in Kalasin

• For 4Q18, EBITDA decreased of THB 66 million from previous quarter

as affected from losses in Gas EPC & Maintenance unit at the end of the year.

676 774 699 933 1,109 1,515 1,719 556 774 631 41 57 184 158

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018 2,514 3,121

Total Sales

(THB MM)

EBITDA

(THB MM) +64.0% yoy +18.8% qoq

• 19.4% yoy
• 42.9% qoq

111 144 124 156 89 476 512

16% 19% 18% 17% 8% 19% 16%

• 1
• 1
• 1

500 1000 1500 2000 2500 3000

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

Gas 489 Bus Project Automotive Renewable Others

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Gas Business Units

14

Total Gas

(THB MM) +38.1% yoy +12.9% qoq

Consolidated Gas

• Revenue from natural gas-related business increased

substantially by THB 203 million or 13.4% YoY. Sales from natural gas-related division, SCN’s core business, slightly increased from the exponential growth of iCNG. Other gas units except service stations experience slight growth even with NGV industry declining

• EBITDA margin in Q4 declined due to much higher

portion of low margin EPC works than in other quarters

361 385 394 441 498 1,515 1,719

26.8% 23.7% 28.0% 22.7% 6.8% 22.8% 19.5%

• 350.00%
• 300.00%
• 250.00%
• 200.00%
• 150.00%
• 100.00%
• 50.00%

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

56 54 61 77 148 286 339

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

iCNG

(THB MM)

+48.3% yoy

• 5.7% qoq

Stations

(THB MM)

+19.9% yoy +6.4% qoq

PMS

(THB MM)

• 17.9% yoy
• 15.5% qoq

TPL

(THB MM)

• 15.2% yoy
• 10.2% qoq

EPC & Others

(THB MM)

+162.7% yoy +93.7% qoq

90 106 108 142 133 307 488

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

105 106 104 118 126 499 453

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

71 78 81 69 58 279 286

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

39 41 41 37 33 144 151

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

267 153 156 154 169 774 631 181 4 4 367 556

4.4% 8.1% 5.9% 3.6% 13.6% 6.5% 7.9%

• 150.0%
• 130.0%
• 110.0%
• 90.0%
• 70.0%
• 50.0%
• 30.0%
• 10.0%

• 100

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

536 1,187 333 160 158

Renewables and Automotive

15

Automotive

• Sales from automotive business increased 53.4% YoY in 2018 primarily

due to bus project. SCN has delivered 200 NGV buses to BMTA in 2018 resulting in THB 556 million of revenue.

• EBITDA margin rose to 13.6% from average of 6% from the higher margin

NGV buses project

Renewables

• Electricity sales grew 39.0%YoY in 2018 due to the acquisition of VON

which operates a 1.267MW Solar PV Power Plant in Kalasin. The acquisition added to SCN’s existing 5.00MW Solar PV Power Plant in Bang Phasi to a combined 6.267MW.

Automotive

(THB MM)

Renewables

(THB MM) +102.8% yoy +9.6% qoq +55.6% yoy

• 0.8% qoq

9 15 15 14 14 41 57

58.0% 66.4% 64.1% 59.5% 62.6% 64.2% 63.2%

• 10.0%

4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 285 294

192 179

2017 2018

Net Profit and Operating Profit

16

Net Profit Operating Profit

63 94 72 68 60

47 62 41 30 46

4Q17 1Q18 2Q18 3Q18 4Q18

• 4.7% yoy
• 11.7% qoq
• 1.5% yoy

53.3% qoq

Net Profit and Operating Profit

(THB MM)

Operating Profit

• For

2018, SCN’s

• perating

profit increased approximately THB 6 million

• r 3.2%YoY related to increasing of

revenue with key driver of bus project, iCNG and other potential growth in gas- related business unit. Although increased in SG&A from consultant fees on new project, such as our Minbu solar project, as well as legal expenses related to the case involving the 489 NGV buses contract. Net Profit

• For 2018, net profit decreased by THB

12 million Finance costs increased by 62.5%YoY from THB 55 million to THB 89 million primarily due to bus project, new service stations and Minbu Solar Power Plant.

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Financial Position as of 31 Dec 2018

• Total assets increased 23.7% from THB 4,892

million to THB 6,051 million primarily due to investments in bus project, new service stations and Minbu Solar Power Plant.

• Total

liabilities increased 47.3% from THB 2,332 million to THB 3,436 million in 2018 in consistent with higher investments.

• Total equities increased 2.2% from THB 2,559

million to THB 2,616 million thanks to the company’s continued business strength in generating retained earnings. In 2018 the company has a total of THB 553.9 million in retained earnings, an increase of 11% over last year.

Financial Position and Capital Structure

17

47.7% 56.8% 52.3% 43.2%

2017 2018 Liabilities & Equity Total Liabilities Total Equity Cash Other Current Assets Non – Current Assets

3.4% 0.9% 24.3% 31.3%

72.3% 67.9% 2017 2018 Assets 4,892 6,053 4,892 6,053

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Agenda

18

1. SCN Overview 3 2. Review of 2018 Results 12 3. Business Direction and Update 19

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Mixed Growth for NGV and Industrial Natural Gas Consumption

19

478 569 628 635 653 651 694 724 762 181 231 278 307 317 304 278 243 220 2010 2011 2012 2013 2014 2015 2016 2017 2018

Consumption (and % growth) of Natural Gas by Sector

IUs NGV

Unit: MMSCFD 13% 28% 20% 10% 3%

• 4%
• 9%
• 13%
• 9%

8% 19% 10% 1% 3% 0% 7% 4% 5%

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Management Plan to Cope with Impacts from NGV Decline

20

Independent with Focus Growth & Transformation

Transform from an engineering-focus company to a conglomerate through talent recruits and reorganization Establish key management team for different business groups to promote focus and strategic growth

• Reaping the returns from each of the

businesses I. Gas II. Automotive III. Renewable Energy IV. Logistic

• Maintain growth with emphasis on

visions and missions

• Explore new businesses that relates

to our core values Establish iCNG unit to supply compressed natural gas (CNG) to industrial users and increase number of service stations Target growing industrial use of natural gas and international market through cooperation with strong partners – Osaka Gas and Sojitz Corp. Operate retrofit center for Toyota and Mitsubishi; opened 2 Mitsubishi Dealerships in 2012 and 2016 Successful foray into bus industry with BMTA’s procurement of 489 NGV buses; SCN aims to become a key player in Thai bus industry Developed solar power plants of 2.5MW Solar Plant in Loburi and 5MW in Nakhon Pathom that achieved COD in 2013 and 2017 respectively Acquired 1.26MW Solar Plant in Kalasin and established alliance with META and ECFP to co- develop 220MW Solar plant in Minbu, Myanmar and future projects through GEPT Acquired Scan Inter Logistics Co., Ltd (formerly SILOG), a container transporter, to add to existing portfolio of natural gas transportations In process of consolidating and restructuring

• peration and management of natural gas,

industrial gas and containers transportation into a single unit

GAS Early 2015 (Listed on SET) 2019 2020 2021 2022 AUTO POWER LOGISTIC SCN

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Shift to Natural Gas Industrial User and International Market

21

Industrial Users Since its establishment iCNG in 2015 unit has achieved

• ver 50% growth throughout. The popularity stems from

price-point, cleanliness and fuel efficiency of natural gas

• ver its price com competitors – fuel oil and LPG.

The exponential growth of iCNG and potentially iLNG enables SCN to mitigate the impact from NGV declines and continue to grow. In addition, off-takers of natural gas are large industrial manufacturers with strong balance sheet with multiple year contract. International market While SCN has been exporting its engineering know- how and equipment including the compressors and its patented pressure reducing system (PRS) to ASEAN nations such as Vietnam, Indonesia and Myanmar. In recent years, Sojitz Corporation (SJC) has been cooperating with SCN on research and development which successfully delivered a commercialized of Type 4 Composite Gas Cylinder under the brand “N4” in 2018. In early 2019, SCN accepted SJC’s request to be appointed a distributor of SCN-branded products in Japan, India, Myanmar, Malaysia, Vietnam and Indonesia.

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Project Update: Supply of 489 NGV Buses to BMTA

22

SCN-CHO JV won the BMTA”s procurement tender for 489 NGV buses with contract value of THB 4,261 MM. Siam Standard Energy Co., Ltd (SSE) sued BMTA on the ground of illegal procurement process. The Central Administrative Court issued an injunction and suspended the contract. Subsequently, the Supreme Court found SSE’s claim to be unfounded and withdrew an injunction allowing the JV to deliver the remaining buses. Indicted

Indictment Accepted Temporary Injunction Injunction Withdrew Contract Signing 1st Deliver 100 Buses 2nd Deliver 100 Buses 3rd Deliver 100 Buses 4th Deliver 189 Buses

2018

27 Dec 27 Mar 10 Apr 27 Jun 27 Nov 7 Dec

2019

12 Mar 27 May

1st Deliver 100 Buses 2nd Deliver 100 Buses 3rd Deliver 100 Buses 4th Deliver 189 Buses Contract Signing

4Q2017 1Q2018 2Q2018

3Q2018

4Q2018 1Q2019 Plan Actual

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Opportunities in Thai Bus Industry

23

489 300 400 700 753 10 25 2018 2019 2020 2021

BMTA Procurement Plan

BMTA under the supervision published its plan to replenish 3,166 of its buses within 4 years with combined value of approximately THB 20,000

• mm. The contracts to be opened for tender include:

➢ Sales and maintenance of 489 NGV Buses (Completed) ➢ Lease and maintenance of 300 NGV buses (Pending) ➢ Lease and maintenance of 400 Diesel-Hybrid buses (Pending) ➢ Sales and maintenance of 1,453 Diesel-Hybrid buses (Pending) ➢ Sales and maintenance of 35 EV buses and charger (Pending)

Thai Bus Industry

In addition to BMTA’s procurement plan of 3,166 units of buses, there are a total of 159,975 buses of various types including vans, minibuses, microbuses, city buses and coaches that are our potential market.

NGV NGV Diesel Hybrid Diesel Hybrid Diesel Hybrid EV EV

489

NGV buses

2,677

Additional buses required by BMTA

3,166

BMTA-owned buses

159,975

Additional registered buses in Thailand

(Units) (Units)

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Project Recap: 220MW Minbu Power Plant

1/ Scan Inter PCL have entered into a contractual agreement to acquire additional 10% shares from Noble Planet Pte. Ltd. once the COD of Phase 1 has been achieved, resulting in the ultimate ownership of 40%

24

Project Summary Project Minbu Solar Power Plant Location Minbu, Magway Province Capacity 220MW Sponsors Scan Inter PCL (30%/1), Noble Planet Pte. Ltd. (38%), ECF Power Co., Ltd (20%) and Meta Corporation PCL (12%) Area 836 acres (approx. 2,000 rais) Off-taker Electric Power Generating Enterprise (EPGE), under the Ministry of Electricity and Energy (MOEE) PPA Period 30 Years Tariff USD 0.1275 Project Cost USD 292.62 mm

Minbu Solar Power Plant

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Project Update: 220MW Minbu Power Plant

25

No. Construction Work Schedule Progress Original Revised 31 Dec 18 12 Mar 19 PV Area 1 PV Civil work 7 Jan 19 15 Mar 19 64.4% 96.0% 2 PV Electromechanical work 2 Feb 19 15 Apr 19 0.9% 25.1% HHV Area 3 Concrete road 15 Nov 18 31 Jan 19 89.6% 100.0% 4 HHV Control building 29 Dec 18 15 Mar 19 39.3% 73.2% 5 HHV Control room 28 Feb 19 28 Feb 19 50.0% 80.0% 6 HHV Civil work 7 Jan 19 15 Mar 19 73.9% 99.0% 7 HHV Electromechanical work 10 Jan 19 15 Mar 19 15.3% 50.6% Commissioning 8 Cold Commissioning 27 Feb 19 30 Apr 19 N/A N/A 9 Energization N/A N/A 10 Hot Commissioning N/A N/A 11 Test on Completion & Hot Commissioning N/A N/A Combined Total 27 Feb 19 30 Apr 19 69% 80%

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Project Update: 220MW Minbu Power Plant (cont’d)

26

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

Logistic Businesses – Synergy and Expansion

27

SCN is contracted by PTTOR to transport NGV from mother stations to PTT-branded NGV daughter stations across the country. SCN supplies both compressed and liquified natural gas to industrial users without access to the gas pipeline. The natural gas are sourced from PTT NGD and are marketed through SCN and OG SILOG, wholly-owned subsidiary

• f SCN, offers containers and

industrial gases (ie. CO2, O2, Ar) transportation service in EEC area.

NGV

Natural Gas Vehicles Industrial Users Containers

2.4m km/yr 18 units 1.0m km/yr 16 units 4.8m km/yr 96 units End Users:

(Existing SILOG)

Scan inter PCL / Opportunity Day FY2018 / 2 April 2019

IR Contact

28

INVESTOR RELATIONS

Disclaimer The information contained in this material has been prepared by Scan Inter Public Company Limited (“SCN”) solely to provide background information on a confidential basis for the use by advisors, prospective lenders and investors in evaluating the project and does not constitute an offer or invitation to sell or solicitate of an offer or invitation to purchase or subscribe for share in SCN. Some statements made in this material are forward-looking with relevant assumptions subjecting to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs. The statements are based on our management’s assumptions and beliefs in light of the information currently available. This may cause the actual results, performance or achievements to be materially different from the information expressed or implied. Please note that their information contained in this materials reflects prevailing conditions as of the time of the preparation accordingly subject to any update, change, modification, revision, cancellation, addition and/or may be superseded. The delivery of this material shall not create any implication that there has been no update, change, modification, revision, cancellation, addition to the information contained in the IM since the date hereof. None of the parties named in this material, or any of their affiliates/representatives shall have any liability (in negligence or otherwise) for any loss arising from any use of this document or otherwise its contents.

Email: IR@Scan-Inter.com Tel: +66 2513 4115 Contact Us: 355 Bondstreet Road, Pakkred, Bang Phut Nonthaburi 11120