SET OPPORTUNITY DAY 2Q18 RESULTS PRESENTATION 13 SEPTEMBER 2018 1 Disclaimer Certain forward looking statements may be made in the course of the presentation. These forward-looking statements generally can be identified by use of statements that include words or phrases such as LST , UPOIC and UFC or we or our management “believe”, “expect”, “anticipate”, ”intend”, ”plan”, ”foresee”, ”project”, ”may”, “will”, “shall”, or other similar words or phrases. Similarly, statements that describe LST , UPOIC and UFC ’s objective, plans or goals also are forward-looking statements. These statements involve known and unknown uncertainties and risks that could differ materially from actual results, performance or events. The forward-looking statements contained in the slides are not and should not be constructed as representations of the future performance of LST , UPOIC and UFC and that such statements are an expression of the Company’s reviews based on its current view and certain assumptions including, but not limited to, prevailing economic and market conditions and currently available information. The reader or the listener is cautioned to not unduly rely on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward looking statements. 2
Agenda Company Overview (LST) • Company Overview (UPOIC) • Industry Overview • Financial Overview (UPOIC) • Financial Overview (LST) • Business Overview (UFC) • Q&A • 3 Philosophy of Lam Soon Group Vision “The leading food and food related company with sustainable growth and development” Mission � Manufacturing high quality and nutritious food product together. � Employing advance technology. � Building trust and confidence toward our customers . 4
1974 Bangkok Edible Oil was founded Our Development Established Vegetable Oil Refinery at 1978 Bang Poo Industrial Estate 1983 Lam Soon (Thailand) Co,. Ltd was established 1996 LST was listed on the Stock Exchange of Thailand Corporate Milestone 2003 Became a major shareholder of “UPOIC” 2004 Acquisition of “UFC” 2008 -Joined the Roundtable on Sustainable Palm Oil (RSPO) - Constructed Biogas power plant at Trang mill 1974 1974 1978 1978 1983 1983 1996 1996 2003 2003 2004 2004 2006 2006 2007 2007 2008 2008 2009 2009 2011 2011 2012 .. 2018 2012 .. 2018 Launched new product targeted at health conscious consumers under the 2006 brand “Naturel” Product Development Implemented Electricity power project under Clean Development 2007 Mechanism (CDM) and Carbon Credit Program 2009 “Jade” palm cooking oil was the first cooking oil awarded “Carbon Label” 2011 Launched soy milk products under the “UFC HomeSoy” 2012 UFC Launched Coconut water 2013 UFC launched “Chrysanthemum plus Lo Han Gua” 2014 LST launched the multipurpose - chocolate under “Daisy” brand LST launched Naturel 100% Coconut cooking oil and Naturel 100% Sunflower 2015 cooking oil. LST lauched Yok Extra and Naturel Rice Bran Oil Gold 2016 UFC lauched "The Asian Variants" 100% coconut water with real juice , Homesoy new flavor and Chooze new flavor. LST launchedNaturel Forte 100% Extra Virgin Coconut Oil 2017 UFC launched new flavor Homesoy , UFC velvet almond milk , Bio-Home dishwash liquid and Bio-Home kitchen cleaner & multi surface cleaner LST launched Naturel 100% Corn Oil , Organic Rice and butter blend products UFC launched 100% watermelon water , UFC velvet almond milk , UFC velvet 2018 coconut milk and UFC velvet coconut milk with coffee blend and chocolate 5 flavor. Group Structure Lam Soon (Thailand) 98.83% 69.96% UFC UPOIC 50.00% 99.98% 100.00% 100.00% Union Frost Siam Elite Palm Phansrivivat 99.99% 99.99% Phansri Prachakvivat (Concession – Chaiburi) (Concession – Khiansa) 6
Strong Fundamental i.e. Fully Integrated Supply Chain Raw Material Acquisition Production Sales & Marketing Germinated Nursery Oil Palm Distribution Crushing Mill Refinery Value Adding Seeds Plant Plantation Channel JV with JV with Start from Start from Oil palm Oil palm 2 locations in 2 locations in Total Total Build Build investment nursery plant planted area Trang and capacity Awareness arm of CIRAD to ensure Krabi with 368,650 and brand to develop product combined tons /year recognition own palm quality capacity 120 tons FFB / hr. seeds species Cost saving from integrated distribution channel of LST and UFC 7 Fully Traceability – Quality & Profitable Symbols of Excellence
Our Products Upstream Core Products Diversify Germinated Seedling Seeds Crude Palm Oil Crude Palm Kernel Oil Other Products Electricity Power from Biogas 9 10
New Product - NATUREL NATUREL 100% CORN OIL NATUREL Organic Riceberry Phytosterols can reducing blood High Antioxidants and organic products cholesterol level Good for your heart High Fiber and gluten free No cholesterol Soft and delicious One for all healthy menus … Good One for all healthy menus … Good Health Join the Naturel Living. Health Join the Naturel Living. 11 New Product – ZEST New Package Zest Butter Blend Zest Gold Margarine Ingredient for all types of bakery applications Easy to Use Excellent butter aroma Omega 3 6 9 12
New Product - UFC UFC Refresh 100% Watermelon Water i s 100% Natural made from specially selected authentic Thai watermelons with the just-right sweetness and excellent unique aroma and taste. Contains L-Citrulline and L-Arginine, natural source of amino acids help blood vessels relax and improve circulation and antioxidants with Lycopene, very effective at protecting cells from damage and may help lower the risk of heart disease, reducing hypertension and lower the blood pressure. UFC Velvet Almond Milk is a heart-healthy, low-calorie and nutritious beverage made from the quality Australian whole almonds and water. Almond milk has a pleasant, nutty flavor and creamy texture. It is added with “Aquamin” 100% natural marine plant-based calcium . Derived from the red algae Lithothamnion found in the pristine waters off the coast of Iceland. The plant-based calcium naturally absorbs trace minerals from the surrounding seawater, making it easier for your body to absorb and store the calcium. 13 New Product - UFC UFC Velvet Coconut Milk is made from selected quality Thai Coconuts. It is added with “Aquamin” 100% natural marine plant-based calcium . Derived from the red algae Lithothamnion found in the pristine waters off the coast of Iceland. The plant-based calcium naturally absorbs trace minerals from the surrounding seawater, making it easier for your body to absorb and store the calcium. Enjoy a delicious and velvety taste of Coconut Milk with 2 varieties ie. Coconut Milk with Coffee Blend and Coconut Milk with Chocolate Flavour. The coconut milk is a plant-based alternative to traditional dairy milk, suitable for vegans and those who are lactose intolerant or allergic to dairy milk. 14
Share Capital Information Stock Information Percentage of Top 10 Shareholders (As of May 8, 2018) Paid-up Capital Symbol LST (1) Lam Soon Holding Co., Ltd. 42.11 Share Price ( 11 SEP 2018) 4.76 THB (2) Hap Seng Consolidated Berhad 20.00 Historical price : (3) Lam Soon Cannery Pte Ltd. 7.48 (4) CGS-CIMB Securities (Singapore) Pte Ltd 6.47 52-week high 9.55 THB • (5) LGT Bank (Singapore) Ltd 4.65 52-week low 4.40 THB • (6) Mr. Suwit Laohapolwattana 2.28 No. of paid up shares : 820 Million (7) CGS-CIMB Securities (Hong Kong) Ltd 1.62 Par value : 1 THB/Share (8) Ms. Supaporn Smittinun 1.20 Market Capitalization : THB 3,903 mn. (9) Thai NVDR Co.,Ltd. 1.00 (10) The Hongkong and Shanghai Banking 0.71 Source: www.setsmart.com Source: www.setsmart.com 3 years share price performance (%) Dividend Payout Policy The Company’ s policy is to pay dividends to shareholders of an amount not less 160.0% than 40% of its net earnings after tax subject to the Company’s future investment and funding requirements. 120.0% 1.00 80.0% 80.0% 61.4% 60.0% 59.4% 58.8% 0.80 60.0% 42.6% 40.0% 0.60 40.0% 0.0% 0.40 0.20 0.20 0.18 0.15 20.0% 0.47 0.20 0.10 0.34 -40.0% 0.29 0.25 0.17 - 0.0% 2013 2014 2015 2016 2017 LST Food SET EPS (Baht/Share) DPS (Baht/Share) Source: www.setsmart.com 15 Dividend Payout Ratio (Based on operational year) Agenda Company Overview (LST) • Company Overview (UPOIC) • Industry Overview • Financial Overview (UPOIC) • Financial Overview (LST) • Business Overview (UFC) • Q&A • 16
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