Opportunity Day Q2/2019 Strictly Private & Confidential Table - - PowerPoint PPT Presentation

Strictly Private & Confidential

Opportunity Day Q2/2019

Strictly Private & Confidential Page 1

Table of Content

Company Overview Financial Highlights Q2/2019 Business Outlook 2019

Strictly Private & Confidential

Company Overview

Strictly Private & Confidential Page 3

Sahathai at a Glance

Business Description Business Description

 Sahathai offers one-stop solution of logistic activities mainly in water transportation. The company’s services currently include terminal operation, in-land transportation, warehouse and yard rental services, and other related service in water logistic  With its strategic location on the Chao Phraya River, Sahathai’s customers rely on its ability to meet their requirements with a full range of solutions and support services, all

• f which meet international best practice standards while allowing the flexibility only an

independent operator can offer

Company’s Vision Company’s Vision

“To be Thailand’s innovative logistics solution provider of choice”

Leading private port operator providing total logistic solution

Business Operating companies Key Scope of Works Revenues contribution

(6M/2018 – 6M/2019)

Revenue (6M/2018) Revenue (6M/2019) Service Location Terminal STT / BBT / BBS / BCDS

• 1. Feeder terminal
• 2. Barge terminal and barge transportation
• 3. Container Freight Station
• 4. Container Depot

81.68% - 84.78% 607.18 658.16 Samutprakarn/ Laemchabang In-land transportation STT In-land container transportation by truck fleets 8.25% - 8.03% 61.29 62.37 Bangkok/ Samutprakarn/ Laemchabang Warehouse & Yard STT General & freezone warehouse and yard rental 7.87% - 6.38% 58.51 49.52 Samutprakarn Others STT Freight forward 2.20% - 0.81% 16.36 6.29 Samutprakarn 743.34 776.34

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Our Evolution

• The company was

founded in 2008, named Sahathai Coastal Seaport, to support Sahathai Steel Pipe (“STS”) for terminal handling service 2008

• Partner with Mitsui

OSK Shipping Line (“MOL”) to establish Bangkok Barge Terminal (“BBT”) to set up new barge terminal

2015

• Partner with

Mediterranean Shipping Company (“MSC”) to establish Bangkok Barge Services (“BBS”) for barge transportation service 2016 2017

• BCDS was found to be transferred the

container depot operation from Sahathai 2020 2013

Total Logistic Solution Expansion, Diversification & Strategic Alliance Start-up

• Rebranded to

Sahathai Terminal in

• rder to be well-

known recognized by customers

• BBT is the first company in Thailand which has been

granted Inland Container Depot (ICD) license for water transportation

• Mobile X-ray is allowed to use in Sahathai’s port

2018 2019

• BTS was found to be

transferred in-land transport from Sahathai

• Partner with Mitr Phol to

establish Bangkok River Terminal (“BRT”) to set up new feeder terminal

• AMP Terminal (“APMT”) signing MOU to join

Bangkok River Terminal (“BRT”) to set up new feeder terminal

• Partner with Frasers property (“FPT”) to

establish Bangkok Logistic Park (“BLP”) to set up warehouse project

• The company

plans to be a Total Logistics Solution Providers with integrated services in logistics for customers

• PORT issue the new common share to

existing shareholders 92 million shares and issue PORT-W1 46 million shares for existing shareholders who subscription

BLP

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Group Structure

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Expert in terminal handling business

45 45 97 51 39

355 409 537 243 271

• 100

200 300 400 500 600 2016 2017 2018 6M/2018 6M/2019

1 2 1 1 Barge terminal 1 Berth (90 m) Barge terminal 1 Berth (90 m)

Sahathai Terminal Bangkok Barge Terminal

Operating areas Type of Services Types of Crane Main Equipment Customer References 89 of 121 Rais are utilized for Terminal handling (Lease 100%)

• Feeder &

Barge terminal

• Barge

transportatio n

• 4 Gantry

cranes

• 2 Jib cranes
• 2 RTG

cranes

• 1 Mobile

habour crane

• Reach

stackers

• Side stackers
• Yard trucks
• Material

handling equipment Operating areas Type of Services Types of Crane Main Equipment Customer References 39 Rais (Own 36%)

• Barge

terminal

• Barge

transportatio n

• 2 Jib cranes
• Reach

stackers

• Yard trucks
• Material

handling equipment

Unit: ’000 (TEUs)

Laden Empty

Container Throughput

BOI Privilege

8 years ended May 2023 8 years ended Oct 2024

Remark: Container throughput on the Company, BBT, and service provided to other ports

8 years ended Oct 2025

YoY +5.8% High efficiency of terminal operating system from professional platform

In-house developed software (PMS)

Booking arrangement and electronic data interchange (EDI), Container depot, CFS

Purchased software (TOS)

Resource optimization tool

 Efficiency on berth planning, crane scheduling, loading/unload sequencing and space planning  Cost reduction on redundant full-time employees  High creditability in terminal operation to customers  Ability to initiate terminal business in new ports in the future

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Operating areas Type of Services Main Equipment Container Throughput 12 Rais (Lease 100%)

• Stuffing
• Unstuffing
• Outsourcing equipment

and workers

38.85 33.67 40.33 19.55 24.04 6.56 6.63 5.74 2.32 2.98

• 10

20 30 40 50 2016 2017 2018 6M/2018 6M/2019

Container Freight Station Container Depot

Sahathai Terminal

CFS (Stuffing) (12 Rais) CFS (Stuffing) (12 Rais)

Shipper Exported goods

Stuffing

Imported goods Consignee

Unstuffing LCL/FCL LCL/FCL

Unit: ’000 (TEUs) Unstuffing Stuffing

Sahathai Terminal

Container Depot (15 Rais) Container Depot (15 Rais)

Operating areas Type of Services Main Equipment

• No. of serviced containers

15 Rais - prevoius

(Lease 100%) 37 Rais – Current

• nwards

(Own 100%)

• Cleaning
• Repair &

Maintenance

• Lifting
• Storage
• Outsourcing

equipment and workers

31.66 57.84 87.03 42.02 46.24 39.08 64.78 95.38 47.52 46.03

• 20

40 60 80 100 120 2016 2017 2018 6M/2018 6M/2019 Beginning in 2Q2016 Repair & Maintenance Cleaning

Reposition Container Return to Shipping agents/ Exporters for stuffing Consignee Return Container

Container depot service (Imported by shipping agents) (Returned by Consignee) Reposition Container: service fee charged to Agents

Exported goods

Consignee Return Container: service fee charged to Agents/Consignee

Unit: ’000 (TEUs)

Container Yard (LCL) (Unstuffing) Container Yard (LCL) (Unstuffing)

YoY +23.6%

YoY +3.0%

BCDS

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36.16 119.14 32.99 15.25 5.15

• 20

40 60 80 100 120 140 2016 2017 2018 6M/2018 6M/2019

Leasable area : 20,766 sqm Tenant : 6 tenants (Lazada & companies in foods, steel, ceramic, can, etc.) Contract period : 3 years

In-land Transportation

Chonburi (Laemchabang) Bangkok

Operating areas Type of Services Main Equipment

• No. of serviced containers

Bangkok/ Samutprakarn/ Chonburi

• In-land container

transportation by trucks

• Outsourcing trucks and

drivers

General & Freezone Areas

10.25 34.17 33.89 18.89 19.50

• 10

20 30 40 50 60 2016 2017 2018 6M/2018 6M/2019 Unit: ’000 (Containers) Serviced Containers

1

Service in Bangkok/Samut prakarn area

2

Service in Laem- chabang area

3

Service in between Bangkok/Samutprakarn and Laemchabang

Freight Forward

Exporter Importer Destination

• Warehouse
• Port
• Factory

Sahathai Terminal

Freezone Warehouse (15 Rais) Freezone Warehouse (15 Rais) General Warehouse General Warehouse Freezone yard Freezone yard (18 Rais) (18 Rais)

Freezone Areas

Freezone warehouse Freezone yard Service storage yard to customers

Leasable area : 17,511 sqm

General warehouse

 Shipment organization for customers to ship imported/exported products from/to desired destinations through water transportation  Strategic networks with worldwide shipping agents

Exporter Importer

Request order

Shipping Agents

Negotiate on freight slots

Unit: THB million Revenue

Revenue

YoY 3.2%

YoY -66.2%

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Remark : 1. Based on international throughput volume (export and import) for 2018 2. Based on international throughput volume (export and import) for 6M/2019 3. From announced capacity of Bangkok Port by the government Source : Bangkok Ship owners and Agents Association (BSAA) 4. Based on domestic throughput volume (export and import) for 2018 5. Based on domestic throughput volume (export and import) for 6M/2019

Bangkok Port (Klong Toey Port)

• Owned by Port Authority of Thailand
• International throughput : 1.5 M. TEUs /1 / 0.72 M. TEUs
• 7 International Berth, with 14 quay gantry cranes
• Container yard of 148k sqm
• Estimated capacity : 1.34 M TEUs/3
• The biggest container terminal in Bangkok.
• Over utilized capacity

Bangkok Port (Klong Toey Port)

• Owned by Port Authority of Thailand
• International throughput : 1.5 M. TEUs /1 / 0.72 M. TEUs
• 7 International Berth, with 14 quay gantry cranes
• Container yard of 148k sqm
• Estimated capacity : 1.34 M TEUs/3
• The biggest container terminal in Bangkok.
• Over utilized capacity

Poo Jao Container Terminal

• Owned by Regional Container Lines PCL group (RCL) and

Thai Sugar Terminal PCL group (TSTE)

• International throughput : 0.10 M. TEUs /1 / 0.054 M. TEUs /2
• 1 International Berth, with 2 mobile harbor cranes.
• Container yard of 36k sqm.
• The port has just been open in 2016.

Poo Jao Container Terminal

• Owned by Regional Container Lines PCL group (RCL) and

Thai Sugar Terminal PCL group (TSTE)

• International throughput : 0.10 M. TEUs /1 / 0.054 M. TEUs /2
• 1 International Berth, with 2 mobile harbor cranes.
• Container yard of 36k sqm.
• The port has just been open in 2016.

Thai ProsperityTerminal

• Owned by The Siam Cement PCL group (SCG)
• International throughput : 0.02 M. TEUs /1 / 0.00 M. TEUs /2
• 1 International Berth, with 2 mobile harbor cranes.
• Container yard of 40k sqm.
• Mainly used by SCG group.

Thai ProsperityTerminal

• Owned by The Siam Cement PCL group (SCG)
• International throughput : 0.02 M. TEUs /1 / 0.00 M. TEUs /2
• 1 International Berth, with 2 mobile harbor cranes.
• Container yard of 40k sqm.
• Mainly used by SCG group.

Unithai Container Terminal

• Owned by United Thai Shipping Corporation
• International throughput : 0.15 M. TEUs /1 / 0.080 M. TEUs /2
• 1 International Berth, with 3 quay gantry cranes
• Container yard of 60k sqm.

Unithai Container Terminal

• Owned by United Thai Shipping Corporation
• International throughput : 0.15 M. TEUs /1 / 0.080 M. TEUs /2
• 1 International Berth, with 3 quay gantry cranes
• Container yard of 60k sqm.

BMT Pacific Terminal

• Joint venture between 1. Bangkok Modern Terminal, a

private terminal operator 2. Pacific International Lines Pte, a shipping line 3. Eastern Maritime (Thailand), a shipping agency.

• International throughput : 0.08 M. TEUs /1 / 0.038 M. TEUs /2
• 1 International Berth, with 3 mobile harbor cranes

BMT Pacific Terminal

• Joint venture between 1. Bangkok Modern Terminal, a

private terminal operator 2. Pacific International Lines Pte, a shipping line 3. Eastern Maritime (Thailand), a shipping agency.

• International throughput : 0.08 M. TEUs /1 / 0.038 M. TEUs /2
• 1 International Berth, with 3 mobile harbor cranes

Siam Suksawat Terminal

• Owned by Siam gas and Petrochemical PLC group (SGP),

Operated by River Port Investment Pte. (Singapore)

• International throughput : 0.05 M. TEUs /1 / 0.022 M.TEUs /2
• 1 International Berth, with 2 quay gantry cranes.
• Container yard of 40k sqm
• The port has just been open in 2016.

Siam Suksawat Terminal

• Owned by Siam gas and Petrochemical PLC group (SGP),

Operated by River Port Investment Pte. (Singapore)

• International throughput : 0.05 M. TEUs /1 / 0.022 M.TEUs /2
• 1 International Berth, with 2 quay gantry cranes.
• Container yard of 40k sqm
• The port has just been open in 2016.

Bangkok Barge Terminal

• Domestic throughput : 0.17 TEUs /4 / 0.075 M. TEUs /5
• 1 Domestic Berth, with 2 jib cranes.
• Container yard of 30,021 sqm.
• The port has just been open in 2016 for domestic shipment.

Bangkok Barge Terminal

• Domestic throughput : 0.17 TEUs /4 / 0.075 M. TEUs /5
• 1 Domestic Berth, with 2 jib cranes.
• Container yard of 30,021 sqm.
• The port has just been open in 2016 for domestic shipment.

Sahathai Terminal

• International throughput : 0.20 M. TEUs /1 / 0.081 M. TEUs /2
• Domestic throughput : 0.097 million TEUs /5
• 1 International Berth, with 4 quay gantry cranes and 1 mobile

harbor crane.

• 2 Domestic Berth, with a jib crane each.
• Container yard of 60,929 sqm.

Sahathai Terminal

• International throughput : 0.20 M. TEUs /1 / 0.081 M. TEUs /2
• Domestic throughput : 0.097 million TEUs /5
• 1 International Berth, with 4 quay gantry cranes and 1 mobile

harbor crane.

• 2 Domestic Berth, with a jib crane each.
• Container yard of 60,929 sqm.

Industry Update

Strictly Private & Confidential Page 10

Covered investment to capture growth

 Reach stackers, Warehouse, Container yard  Crane, Container yard  Barges  Land & Construction 199 346 277 593 448

67 66 60 60

190

2014 2015 2016 2017 2018 2019E 2020E CAPEX Unit: THB Million

High Investment in 2017 due to investment in BCDS and freezone warehouse and in 2018 due BCDS construction, quay crane and leasehold right

Land upfront PORT CAPEX BRT & BLP

CAPEX in new assets for better performance

10 20 30 40 50 60

4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 25 50 75 100 125 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2015 2016 2017 Unit: ‘000 TEUs Maximum capacity (420k TEUs/year)

Container Throughput - Sahathai

Potential upside after container depot is moved to BCDS

2018

Container Throughput - BBT

Maximum capacity (240k TEUs/year)

Unit: ‘000 TEUs

10 20 30 40 50 60 70 80 90 100

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2017 Unit: ‘000 TEUs

Maximum capacity (180k TEUs/year)

2018

Container Throughput - Depot

2016 2017 2018 (500k TEUs/year) (350k TEUs/year) 2019 2019 2019

Strictly Private & Confidential Page 11 Name : Mitsui O.S.K. Lines (“MOL”) /1 Country : Japan (Listed in Tokyo Stock Exchange) Market Cap. : ~USD 3.82 billion

TEUs capacity Carrier Fleet

Strategic Partner Profile

Risk mitigation by business alliance model

544 k 78 2.5%

Name : Mediterranean Shipping Company (“MSC”) Country : Switzerland (Non-Listed) Market Cap. : n.a.

Source : Alphaliner Top 100 as of 3 October 2017 Note : 1. Expected numbers after merging with Nippon Yusen Kabushiki Kaisha (NYK Line) and Kawasaki Kisen Kaisha (K Line) in April 2018 to be Ocean Network Express (“ONE”)

• 2. Estimated figure for ONE after merger

Strategic partner formula

Market share World Ranking

11

TEUs capacity Carrier Fleet

3,142 k 511 14.7%

Market share World Ranking

2

Strategic partner formula

 The company partners with variously worldwide shipping companies and is looking for other opportunities in order to expand the business by joint venturing or in any form to set up new companies to support existing operations and possibly diversify to new businesses  Partnership with shipping companies around the world allows the company to initiate new business in recent years. For example, the company can use its container volumes in hands to negotiate with shipping companies in order to obtain freight forward services at low price and desired routes 6.6% /2 6 /2

1,424 k /2 230 /2

Opportunity and Benefits from Strategic/Business Partners

Strictly Private & Confidential Page 12

Strategic Partner Profile

Risk mitigation by business alliance model

Strategic partner formula

https://www.krungsri.com/bank/getmedia/64a1559a-2938-4f48-b5af-c601e52f660c/IO_Sugar_2018_EN.aspx

Name : Mitr Phol Group Country : Thailand (Non-Listed) Asset size : ~THB 102,552 million

Market share

Sugar Export Ranking

19% 1

https://shippingwatch.com/secure/carriers/Container/article11027398.ece

Name : APM Terminals (“APMT”) Country : Netherland (Non-Listed) Service Network : 172 Port and inland facility in 57 countries

TEUs capacity

Parent company

Market share World Ranking

1 19.4%

12M TEUs

Strictly Private & Confidential Page 13

Name : Frasers Property (Thailand) Public Company Limited (Formerly “Ticon”) Country : Thailand (Listed in Thailand Stock Exchange) Market Cap. : ~THB 34,000 million (5 July 2019) Warehouse

Strategic Partner Profile

Risk mitigation by business alliance model

Strategic partner formula

BLP

Bangkok Logistics Park Co, Ltd

Occupancy Rate Related

731,314 Sq. M. 187 warehouses 74%

Strictly Private & Confidential

Financial Highlights

Strictly Private & Confidential Page 15

NI (Parent)

Overall performance – Consolidated

Total Revenues (THB million) Profits (THB million) 236 242 398 194 91 101 93

174 185 300 181 89 82 99

80 62 137 57 26 36 21 21.8% 18.0% 25.6% 25.0% 24.7% 25.8% 24.2% 16.1% 13.8% 19.2% 23.3% 24.2% 20.8% 25.9% 0% 5% 10% 15% 20% 25% 30% 50 100 150 200 250 300 350 400 450 500 2016 2017 2018 YTD2019 Q2/2018 Q1/2019 Q2/2019

Gross Profit EBITDA % GP (RHS) % EBITDA (RHS)

921 1,022 1,287 658 302 332 326

58 95 115 62 24 26 36 54 104 120 50 29 31 18

47 124 35 6 14 3 3 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2016 2017 2018 YTD 2019 Q2/2018 Q1/2019 Q2/2019

In-land transportation Warehouse & Yard Terminal Others

4.0% YoY

• 20.8% YoY

In Q2/2019 total revenue increased by THB 14.61 million or 3.96% mainly from increased in in-land transport and terminal service.

In Q2/2019, gross profit and EBITDA increased as total revenues, but net profit for Q2/2019 drops by 20.8%YoY and net profit for 6M/2019 drop by THB 4.84 mm. or 7.87% from increasing in selling and admin expense

Strictly Private & Confidential Page 16 545 679 955 402 188 198 204 225 172 272 125 66 58 67 200 400 600 800 1,000 1,200 1,400 2016 2017 2018 YTD2019 Q2/2018Q1/2019Q2/2019

Terminal – Terminal handling (Feeder & Barge) & CFS/LCL & Container Depot

Revenues (THB million) Container Throughput (’000 TEUs) 352 409 537 274 122 140 134 48 45 98 37 23 18 19 100 200 300 400 500 600 2016 2017 2018 YTD2019 Q2/2018 Q1/2019 Q2/2019

Feeder Barge

Laden

Empty

5.3% YoY 6.6% YoY

In Q2/2019, revenues from terminal business increased because of higher container throughput from terminal service increasing 5.12%. CFS/LCL Container Depot 85 70 84 50 17 30 20 45 40 46 27 9 16 11 5 10 15 20 25 30 35 40 45 50 10 20 30 40 50 60 70 80 90 100 2016 2017 2018 YTD2019 Q2/2018Q1/2019Q2/2019

• No. of Serviced Containers

Revenue

Unit: ’000TEUs Unit: THB million

66 90 121 82 31 46 35

71 113 182 110 49 58 52

20 40 60 80 100 120 140 160 180 200 20 40 60 80 100 120 140 160 180 200 2016 2017 2018 YTD2019 Q2/2018 Q1/2019 Q2/2019

• No. of Serviced Containers

Revenue

Unit: ’000TEUs Unit: THB million

13.7% YoY 18.2% YoY

In Q2/2019 revenues rise by number of serviced containers. In 2018 STT start operate BCDS in 2nd quarter and 4th quarter which is reason of increment in revenues and number of serviced containers, and it is the cause of continue rising in Q1/2019

Strictly Private & Confidential Page 17

In-land Transportation / Warehouse & Yard and Others

Revenues from In-land Transport (THB million) In-land transport Serviced Containers (’000 Containers) 10 34 34 19 8 8 11 10 20 30 40 50 60 70 2016 2017 2018 YTD2019 Q2/2018 Q1/2019 Q2/2019 58 95 115 62 24 26 36 20 40 60 80 100 120 2016 2017 2018 YTD2019 Q2/2018Q1/2019Q2/2019

43.0% YoY 52.0% YoY

In Q2/2019, revenue from In-land transportation business increased by 52.0% due to increased service volume 43.0%. 41 45 40 18 10 9 9 59 102 37 19 28 10 20 40 60 80 100 120 140 2016 2017 2018 YTD2019 Q2/2018 Q1/2019 Q2/2019 Revenues from Warehouse & Yard (THB million)

Warehouse & Freezone Warehouse Freezone Yard

• 38.6% YoY

11 5 2 1 1 1 1

36 119 33 5.15 12.99 2.45 2.70

20 40 60 80 100 120 140 2016 2017 2018 YTD2019 Q2/2018 Q1/2019 Q2/2019 Revenues from Others (THB million)

Others Freight forward

• 76.4% YoY

In Q2/2019 revenues decreased by 38.56% due to the customers who leased free zone warehouse expired. In Q2/2019 , other revenues drop from freight forward slow down.

Strictly Private & Confidential Page 18

Overall Financial Position

Assets, Liabilities and Shareholder’s Equity (THB million) Ratios (Times) 1,650 2,340 2,810 2,833 1,286 1,418 1,746 1,392 364 922 1,065 1,441 2.14 1.16 1.19 0.70 4.47 5.79 4.91 4.34 (14) (9) (4) 1 6 500 1,000 1,500 2,000 2,500 3,000 2016 2017 2018 Q2/2019

Assets Liabilities Shareholder's Equity IBD/Equity IBD/EBITDA

5.2% 2.6% 4.9% 6.7% 24.4% 9.6% 12.9% 11.7%

• 10%
• 5%

0% 5% 10% 15% 20% 25% 30% 2016 2017 2018 Q2/2019 ROA ROE

Key ratios temporarily drop in 2017

• In 2017, the company’s net profit dropped since land rentals in some leased

areas increase as per rental agreement. In addition, the company consolidated fixed cost and SG&A increased as BBT had been incompletely

• perating in full capacity, also reflecting in drop of ROA ratios. Nevertheless,

from 3Q2017 onwards, after obtaining ICD license, it is expected that BBT will be able to begin running its operation with increasingly utilized capacity and its improved performance will factor in improved consolidated net profit thereafter

• In 2018 and Q2/2019 ROA

and ROE increased as the company performance. Significant increase in fixed assets from high capital expenditure

• The company’s fixed assets significantly increased from THB 1,650 million in

2016 to THB 2,340 million in 2017 and to THB 2,810 million in 2018 as the company’s fixed assets significantly increased from investing in BCDS, freezone warehouse and new quay cranes and leasehold right.

• Total Equity continue increased and the interest bearing debts to Equity ratios

continue dropped since 2017 to Q2/2019 as the company’s increased performance and significantly change in 2017 as the company issued the new share for IPOs.and Q2/2019 as the company issued the new share for RO.

Strictly Private & Confidential

Business Outlook 2019

Strictly Private & Confidential Page 20

7,022 79,476 166,289

• 50,000

100,000 150,000 200,000 2016 2017 2018

VOLUME

Continue Growth in BBT

ICD & FDA License

“Port” partner with Mitsui OSK Shipping Line (“MOL”) to establish Bangkok Barge Terminal (“BBT”) to set up new barge terminal BBT has got BOI in Oct 2016 and started operate in Nov 2016 Bangkok Barge Terminal have signed contract with ONE Line (Thailand), and has got the first container shipment in Apr 2018 BBT has obtained ICD License and FDA License in Oct 2017

Key diver

TEUs

July 2015 2016 2017 2018 2019

Strictly Private & Confidential Page 21

First Year Fully operation in container depot service (BCDS)

Started operate in Oct 16, 2018 Started operate in Apr 17, 2018 2nd Phase 1st Phase

350,000 TEUs 350,000 TEUs 180,000 TEUs 180,000 TEUs

Strictly Private & Confidential Page 22

Expand Yard 24,000 Sq.m. (increasing in terminal capacity about 20%)

Reefer Yard for 300 Plug stations

Expand Yard and Reefer Yard

Strictly Private & Confidential Page 23

Bangkok River Terminal

Exporter

Terminal Shipper

Strategic Partner

Commercial international port project. 33% 29% 38%

Registered Capital : 150 mm. Baht (Paid up 37.5 mm. Baht) Objectives : The international feeder terminal project to support increasing in container throughput and expand capacity in terminal service. Location : on an area of

• ver 72,000 square meters, which located at No. 131
• Moo. 2, Samrong Klang Sub-district, Phrapradaeng District, Samutprakan

Province. Registered Capital : 150 mm. Baht (Paid up 37.5 mm. Baht) Objectives : The international feeder terminal project to support increasing in container throughput and expand capacity in terminal service. Location : on an area of

• ver 72,000 square meters, which located at No. 131
• Moo. 2, Samrong Klang Sub-district, Phrapradaeng District, Samutprakan

Province.

BOI 8 years

APM Terminals operates one of the world’s most comprehensive port and integrated inland service networks. It services the trade through a team of 22,000 industry professionals across a network of 76 ports and over 100 inland services locations

• globally. It is a part of A.P. Moller-Maersk -

world’s leading integrated container logistics company, APM Terminals has been servicing the export import and domestic trade through integrated container logistics solutions over the last 70 years. The company is leading private port operator providing total logistic solution. The company provides principal businesses comprise of 4 categories as follows; 1. Terminal business,

• 2. In-land transportation business, 3. Rental

area and warehouse business, 4. Other related services business Mitr Phol Group is the world’s third largest and Thailand’s largest sugar producer with 16 sugar mills, 8 power plants and 4 ethanol distilleries, contracting 143,000 farmers across Thailand, Laos, China and Australia. It is also Asia’s largest bio-energy producer and has a business in wood substitute materials, fertilizers and agriculture-related logistics. For logistics business, Mitr Phol Group has two commodities terminals in Thailand. Both terminals export 3.3 million tons of sugar, or around 36% market share of the Thai sugar export.

Strictly Private & Confidential Page 24

Business Expansion

Bangkok River Terminal

Bangkok River Terminal

71%

83%

Continue growth in service volume and high utilization rate

Market share

Sugar Export Ranking

19% 1

TEUs capacity

Parent company

Market share World Ranking

1 19.4%

12 m. TEUs

Strategic/Business Partners and Risk mitigation

Strictly Private & Confidential Page 25

Bangkok Logistic Park

Strategic Partner

75% 25%

Warehouses and industrial properties in Thailand.

The Company provides international standard factories and logistics warehouses for rent and sale in industrial estates, industrial park and other potential locations, and also

• ffers
• ther

services in regard to commencing their production in Thailand. The company is leading private port operator providing total logistic solution. The company provides principal businesses comprise of 4 categories as follows; 1. Terminal business, 2. In-land transportation business, 3. Rental area and warehouse business, 4. Other related services business

Registered Capital : 300 mm. Baht (Paid up 300 mm. Baht) Objectives : To invest, own, develop, operate and manage the logistics parks, warehouses and industrial properties in Thailand to supporting the customers need of both partners including e-commerce operators, importers, exporters, third party logistics and shipping operators that have grown rapidly in line with the digital business trend. Location : on an area of

• ver 40,000 square meters in the border area of

Bangkok Registered Capital : 300 mm. Baht (Paid up 300 mm. Baht) Objectives : To invest, own, develop, operate and manage the logistics parks, warehouses and industrial properties in Thailand to supporting the customers need of both partners including e-commerce operators, importers, exporters, third party logistics and shipping operators that have grown rapidly in line with the digital business trend. Location : on an area of

• ver 40,000 square meters in the border area of

Bangkok

Strictly Private & Confidential

Strictly Private & Confidential

Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject to various risks and

• uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical facts.

These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The statements are based on our management’s assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Please note that the company and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements.

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