AGENDA I. BRR in Brief II. Operating Results Q 3 /2018 III. - - PowerPoint PPT Presentation

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AGENDA I. BRR in Brief II. Operating Results Q 3 /2018 III. - - PowerPoint PPT Presentation

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AGENDA I. BRR in Brief II. Operating Results Q 3 /2018 III. Sugar Situations IV. Investment Update V. Q&A Sugar ar Made de in the Field BRR IN BRIEF Pioneer of sugar factory

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  • I. BRR in Brief
  • II. Operating Results – Q3/2018
  • III. Sugar Situations
  • IV. Investment Update
  • V. Q&A

AGENDA

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BRR IN BRIEF

➢ Pioneer of sugar factory in the Northeast ➢ Exceptional sugarcane field management

system

➢ The nation’s Third highest sugar yield at

119 kg/ton, national average at 109 kg/ton.

➢ Strong

ties with 13,000 contracted sugarcane growers

➢ Bio-energy

& bio-product business development with growth potential

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BRR

FACTORY LOCATION

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Cane fields within 40 km radius

BRR IN BRIEF

BSG 2016/17 2017/18

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BUSINESS OVERVIEW

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Sugarcane Processing in sugar mill 1 Ton

By-product Business Filter Cake Bagasse 250 -260 kg. 40-50 kg. Raw and brown sugar Main Business 105 – 118 kg. Molasses 40 – 45 kg. Electricity Business Fertilizer Business 111.6 - 116.1 kWh 30 - 35 kg.

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COMPANY’S STRUCTURE

Buriram Sugar Public Company Limited

99.99% 99.99% 99.99% 99.99% 99.99% 99.99%

Buriram Sugar Factory Co., Ltd.

BSF

Buriram Sugarcane Research and Development Co., Ltd.

BRD

Key Brand Fertilizer Co., Ltd.

KBF

Capacity: 9.9 MW Sale : 8 MW

Buriram Energy Co., Ltd.

BEC

Buriram Power Plus Co., Ltd.

BPP

Chamni Sugar Factory Co., Ltd.

CSF

Produce and distribute bio- degradable products

SEW BPC

99.99%

Buriram Power Co., Ltd.

  • 24,000 TCD
  • Produce raw,

VHP and refined sugar and molasse Sugarcane and cane growers development Produce and distribute of

  • rganic fertilizer

and organic chemical fertilizer Capacity: 9.9 MW Sale : 8 MW Capacity: 9.9 MW Feeding electricity and stream to BSF New Sugar Mill’s License

Sugarcane Ecoware Co., Ltd.

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SHAREHOLDERS STRUCTURE

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EXECUTIVE STRUCTURE

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  • I. BRR in Brief
  • II. Operating Results – Q3/2018
  • III. Sugar Situations
  • IV. Investment Update
  • V. Q&A

AGENDA

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Unit: Million Baht

Net profit decreased due to lower sugar price from world sugar surplus while Thai Baht has been weakened for a short period.

FINANCIAL STATEMENT ANALYSIS

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REVENUE BREAKDOWN

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REVENUE FROM SUGAR

Unit: Million Baht

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REVENUE FROM ELECTRICITY AND FERTILIZER

Unit: Million Baht

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AGENDA

  • I. BRR in Brief
  • II. Operating Results – Q3/2018
  • III. Sugar Situations
  • IV. Investment Update
  • V. Q&A
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CONTINUOUS GROWTH

 ACREAGE / CANE CROP  YIELD

Due to slight drought in some cane growing areas, cane volumes for 2018/19 might drop to 3 million MT.

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CANE YIELD DEVELOPMENT

5 6 7 8 9 10 11 12 13 14 15 16 15/16 16/17 17/18 National Ave BRR 10.90 9.15 9.45 12.17 9.45 12.5 Ton/Rai

BRR cane yield is above national average by 19%, 28% and 41% in three crop years respectively and expects to generate higher cane yield year over year.

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Cane, Sugar, Molasses and Bagasse

Year Area (Rai) Cane Sugar* Molasses** Bagasse*** 2015/16 190,000 2,060,649 234,686 82,425 309,097 2016/17 200,000 2,212,736 247,848 86,337 331,910 2017/18 240,000 3,154,586 378,185 126,236 465,000 2018/19F 240,000 3,000,000 345,000 120,000 450,000

Unit: Ton

Remark: *Sugar Yield @ 115 kg/ton cane **Molasses Yield @ 40 kg/ton cane ***Bagasse Yield @ 15 %of cane

BRR PRODUCTION

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MARKET SEGMENTS

0% 20% 40% 60% 80% 100%

Retails Modern Trade

Domestic Sales 14% Foreign Sales 86%

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THAI SUGAR EXPORT – Jan/Aug 2018

Thai Export Raw: 4.12 million MT White: 421,272 MT Refined: 2.69 million MT Total: 7.24 million MT

Export to Indonesia reached 2.7 million MT vs 1.8 million MT in 2017.

Source: 1) AP Commodities 2) Thai Sugar Millers Corporation

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Sugar Price : NY No. 11 March 19 (Dec 10, 2018)

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Sugar Price : London No. 5 March 19 (Dec 10, 2018)

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2018/19 2019/20 Louis Dryfuss Balance na ISO + 2.1

  • 2

F.O. Licht

  • 0.7

na Marex

  • 1.05

na Datagro

  • 1.58

na

Projection: Global Sugar Production

Unit: Million Tons

  • EU’s beet has been reportedly decreased due to lower sugar price,

expected sugar volumes for 2018/19 is around 17 million MT from 19 million MT in 2017/18.

  • Due to drought, India’s sugar production may reduce from previous

forecast of 35 million MT to 30 million MT.

WORLD SUGAR SITUATION (1/2)

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Brazil intends to initiate consultations to open litigation against India in the World Trade Organization (WTO). The Foreign Trade Chamber (Camex) decided in a meeting on Tuesday, December 11, 2018, according to information shared by the Minister of Agriculture, Blairo Maggi, in social networking groups.

For 2018/19 crop year, Sugar mills in India struck export deals of around 1.2M MT for the new season that began from October, industry officials said

  • Tuesday. So far, mills have exported around 0.2M MT of raw sugar to various
  • destinations. Indian sugar consignments have been contracted by Dubai-

based Al Khaleej Sugar refinery and traders in neighboring nations such as Bangladesh and Sri Lanka

India's sugar production could fall in 2019/20 as farmers are struggling to plant cane because of a drought in two of the country's top producing states, according to multiple industry officials and traders. A drop in production would slash exports from the world's second-biggest sugar producer and support global prices that have fallen 15% so far in 2018.

WORLD SUGAR SITUATION (2/2)

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ASEAN SUGAR TARIFF

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2014 Singapore 0% Thailand 0% Malaysia 0% Philippines Sensitive

  • 2014 -10%, 2015 - 5%

Indonesia Highly sentitive

  • 2014 - Raw 10%, Whites – 20%
  • 2015 - Raw 5%, Whites 10%

Cambodia 5% Laos

  • 2014 - Raw & Whites 5%
  • 2015 - Raw & Whites 0%

Myanmar Sensitive

  • 2015 - Raw & Whites 0-5%

Vietnam 5%

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Retail sugar prices in ASEAN: Thailand is the lowest

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Retail prices Thailand 17-18 Baht Laos 30-35 Baht Cambodia 30-35 Baht Vietnam 35-40 Baht Myanmar 30-35 Baht Indonesia 35-40 Baht Philippines 35-40 Baht

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  • I. BRR in Brief
  • II. Operating Results – Q3/2018
  • III. Sugar Situations
  • IV. Investment Update
  • V. Q&A

AGENDA

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✓ Refinery Project to be completed in

2018/19 crop year.

✓ Capacity: 1,000 tons/day ✓ Estimated cost: 400 Million THB ✓ Products:  Refined Sugar  White Sugar

Refinery Project

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On Going Work: Refinery Project

Modify existing machine

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✓ Company: Sugarcane Ecoware Co., Ltd. ✓ Project: Produce bio-degradable packages from

bagasse

✓ Estimated investment Cost: 350 Million THB ✓ Current status & timing of project: 2018/19

Bio-Degradable Package Project

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On Going Work: Bio-Degradable Project

Prepare for machinery setting.

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Two New Greenfield Licenses

1) Chamni Sugar Factory Co., Ltd. Crushing Capacity: 20,000 TCD Tambon Nongplong, Chamni District, Buriram Province 2) Buriram Sugar Public Company Limited Crushing Capacity: 20,000 TCD Tambon Nong Luang, Nonnarai District, Surin Province

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  • I. BRR in Brief
  • II. Operating Results – Q3/2018
  • III. Sugar Situations
  • IV. Investment Update
  • V. Q&A

AGENDA

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The views expressed here contain some information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Buriram Sugar Public Company Limited. Nothing in this release should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction. For more information, please contact: ir@buriramsugar.com

DISCLAIMER