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Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for shares of Asiasoft

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  • The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or

the solicitation of an offer or invitation to purchase or subscribe for shares of Asiasoft Corporation Pcl. (“Asiasoft”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.

  • This presentation may include information which is forward-looking in nature. Forward-looking information involve known and

unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which Asiasoft operates and general achievement of Asiasoft business forecasts, which will cause the actual results, performance or achievements of Asiasoft to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation

  • This presentation has been prepared by Asiasoft. The information in this presentation has not been independently verified. No

representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of Asiasoft or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation

  • This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon

directly or indirectly for any investment decision-making or for any other purposes

  • This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in

part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws

Disclaimer

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Overview Introduction Group Structure Market Overview Financial Highlight FY2015 How & Why to Restructure?

Agenda

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Overview Introduction

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MMO 7Games 33% Casual 5Games 24% FPS 3Games 14% MOBA 2Games 10% Mobile 4Games 19% MMO 6Games 35% Casual 2Games 12% MOBA 3Games 18% Mobile 5Games 29% MMO 12Games 44% Casual 4Games 15% FPS 3Games 11% MOBA 3Games 11% Web-Based 1Games 4% Mobile 4Games 15%

Portfolio in Year 2015

Note: some game were served in more than one country

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Group Structure

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Subsidiaries Subsidiaries

  • 1. Asiasoft International Co., Ltd.
  • 2. A Capital Co., Ltd.
  • 3. Miryn Innovation
  • 4. Thinkplus Digital Co., Ltd.
  • 5. Playcyber Games Co., Ltd.
  • 6. Playpark Co., Ltd.
  • 7. Funbox
  • 1. Asiasoft Online Pte. Ltd.
  • 2. Asiasoft Online Sdn. Bhd.
  • 3. CIB Development Sdn. Bhd.
  • 4. Level Up!., Inc.
  • 5. PT Asisoft
  • 6. Trilight Cove Enterprises Ltd.

Associates Associates

  • 1. Thaiware Communication Co., Ltd.
  • 2. Cybergame Corporation Co., Ltd
  • 1. Playpark Inc.
  • 2. Pomelo

Total 17 companies in AS Group

Domestic Overseas

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Asiasoft Corporation PCL

Local Investment Overseas Investment

CIB ASI * LUI Pomelo

ASO ASM PTA TLC CIB Net Chinesego Playpark Inc.

ASI * A Capital Playpark PCG Miryn Thinkplus Funbox **

Thai Ware TCG

99.99% 99.99% 99.99% 99.99% 99.99% 65.00% 60.00%

40.00% 30.00%

61.68% 99.99% 100.00% 11.01%

100.00% 100.00% 100.00% 100.00% 79.90% 60.00% 40.00%

Domestic Overseas

Remark: * Investment in Overseas ** On Liquidation Process

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Domestic Subsidiaries

Asiasoft

ASI A Cap Miryn Thinkplus Playcyber Game Playpark Funbox

  • Thaicyber Game *
  • Thaiware *

Remark: * Associates Company

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  • Asiasoft Online Pte Ltd.
  • Pomelo *
  • CIB Development.
  • AS Online Sdn Bhd.

Asiasoft

Singapore Malaysia Philippine Indonesia Vietnam

Oversea Subsidiaries

  • Level Up Inc.
  • Playpark Inc.*

Remark: * Associates Company

  • Trilight Cove
  • PT Asiasoft
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Market Overview

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Online Game Publishers Breakdown by Market

Remark: All games are shown including only PC games, excluding mobile games

Market

  • No. of Game
  • No. of Publisher

New 2015 Closed FY 2015 New 2015 Closed FY 2015

Thai

23 67 94 1 15 35

Singapore

1 27 14

Malaysia

10 148 37

Vietnam

64 76 221 1 5 37

Philippines

1 21 1 7

Total

99 143 511 3 20 130

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2011 2012 2013 2014

34 New Games 44 New Games 61 New Games 27 New Games

  • Only new comers entered the market in 2015; however, there were also 15 companies closed down with total of 35

publishers at the end of 2015. 32 Companies (5 New companies) (5 close company) 75 New Games

2015

40 Companies (11 New companies) (3 close company) 47 Companies (10 New companies) (3 close company) 47 New Games

2 3

49 Companies (9 New companies) (8 close company) TOTAL: 78 Games 111 Games 129 Games 165 Games 196 Games 158 Games 94 Games 35 Companies (1 New companies) (15 close company) 23 New Games

Online Game Publishers in Thailand

5 4 1

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Thailand Market Overview

Online Game by Game Type

MMO 22% Casual 37% FPS 14% Web 5% MOBA 22% Garena 33% Asiasoft 36% Other 31%

Asiasoft Leading on MMO & Casual

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Singapore & Malaysia Market Overview

Online Game by Game Type

Asiasoft 25% Garena 11% Long Tu Zhi 5% Valve 39% Other 20%

Market Share

MMORPG 19% Casual 10% FPS 13% MOBA 58%

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Philippine Market Overview

Online Game by Game Type

MMORPG 5% Casual 1% FPS 36% MOBA 58%

Market Share

Gameclub 28% Asiasoft 15% Garena 25% Other 32%

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Vietnam Market Overview

Online Game by Game Type Market Share

MMORPG 45% Casual 7% FPS 3% MOBA 45% VNG 35% Garena 34% VTC 11% Valve 3% Other 17%

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Indonesia Market Overview

Online Game by Game Type Market Share

MMORPG 13% Casual 22% FPS 55% MOBA 8% Garena 41% Megaxuz 24% Kreon 23% Lyto 4% Other 8%

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Financial Highlight

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What happened in 2015

Revenue decrease YoY

  • A few new games launched in 2015 both Domestic and Overseas
  • Close of unprofitable games over past 12 months
  • Delays on launching new game in order to have a proper service and

convenience to players.

  • The existing games and new games generate lower revenue

Net Profit decreased YoY (excluding one off items)

  • Net Profit significantly dropped to -114 MB. mainly due to
  • Revenue dropped on existing and new games, delays of games, but

Mobile and Advertising business unit are increasing from last year.

  • COGS decreased 34% from previous year due to lower cost on

Network, Royalty and Employee 38%,34%and 22% respectively.

  • SG&A increased 1% mainly due to promotion expense.

Note: Net Profit excluding one off items

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1,713.0 1,270.0 899.0

2013 2014 2015 Revenue

1,051.4 962.0 637.0

2013 2014 2015

480.1 416.0 421.0

2013 2014 2015

Revenue COGS SG&A Net Profit EBITDA

366.3 150.7 55.5

2013 2014 2015

157.7

  • 20.9
  • 114.4

2013 2014 2015

Financial Highlights (Exclude one off items)

Unit: THB mn

29% 34% 1% 63% 448%

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1,713.0 1,270.0 899.0

2013 2014 2015 Revenue

1,156.9 1,219.0 843.0

2013 2014 2015

480.1 521.6 576.7

2013 2014 2015

Revenue COGS SG&A Net Profit EBITDA

259.0

  • 299.5
  • 355.1

2013 2014 2015

51.9

  • 383.6
  • 475.1

2013 2014 2015

Financial Highlights (Include one off items)

Unit: THB mn

29% 31% 19% 24% 11%

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Balance Sheet Structure

ASSET 795 EQUITY 219 LIABILITIES 576

Dec 31, 2015 Assets

795

Liabilities

576

Equities

219

Asset

Current Asset 448 Non-Current Asset 347

Liabilities

Current Liabilities 561 Non-Current Liabilities 15

Unit: THB mn Unit: THB mn

Equity

Share Premium 797 Registered Paid-Up 307 Legal Reserve 32 Return Earning

  • 907

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How & Why to Restructure?

How?  Centralization  Share Service Model  Sell  Merge or Transfer  Close Down  Joint Venture  New Game/Service Why?

  • Lean process
  • Cost reduction
  • Gain more Market Share
  • Make Profit

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