WHA Corporation PCL Opportunity Day (March 2017) Year end 2016 - PowerPoint PPT Presentation

WHA Corporation PCL Opportunity Day (March 2017) Year ‐ end 2016 Result “Your Ultimate Solution Partner” 1

WHA Group Disclaimers 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 share in WHA Corporation Public Company Limited (“WHA” and shares in WHA, “shares”) 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. In addition, this presentation contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions. 2

Agenda I. WHA Group Overview II. Summary of Financial/Business Performance III. Business Overview i) Logistics & Industrial Properties Business ii) Industrial Estate Business iii) Utilities & Power Business iv) Digital Infrastructure Business IV. Recent Developments & Key Events V. YE 2016 Financial Performance VI. Appendix – Financial Statements Appendix – Eastern Economic Corridor (EEC) 3

WHA Group Overview About WHA Group WHA GROUP AT A GLANCE  Largest fully-integrated industrial and logistic facility developer in Thailand with full range of complement business supported by world-class customers  Thailand’s No.1 Industrial Developer with the largest market share since 2008.  Pioneer of the Built-to-Suit concept with the world-class standard and Industrial Clusters concept to the Thai market.  Exclusive Provider of Utilities in all Operating Estates and an active power investor to capture the growth in power business.  Our core competency lies in best-in-class quality, prime logistic location, and the integrated one-stop service solution.  WHA is a SET-50 listed company with a market capitalization of THB 43.8 billion /1 . Remarks: /1 I nformation as of February 21, 2017 4

WHA Group New Branding 5

WHA Group Overview Our 4 Integrated Business Hubs Utilities and Power “ #1 Industrial Utilities Provider and Active Strategic Power Investor “ Logistics Industrial Development “ #1 Logistics Developer “ #1 Industrial Estate Developer offering Varieties of Premium delivering World-Class Solutions to Facilities uniquely serving our Industrial Customers” Clients Needs” Digital “Group Spearhead for the Upcoming New Digital Economy” 6

WHA Group Overview Group Structure WHA is Thailand’s leading fully Integrated Industrial & Logistics Facilities Developer, capturing wide ranging and complementary businesses i.e. Utilities, Power and Digital Infrastructure provided to our customers Logistics Hub Industrial Estate Hub Utilities & Power Hub Digital Platform Hub More than 2.1 million sq.m. leasable Water: Approx. 94mm m 3 /year Existing 9 operating with 3 Upcoming Tier ‐ 3 Data Centers area under owned and managed assets developing IEs with net sellable Power: Approx. 540 Equity MW Infrastructure with comprehensive area approx. 10,000 rais (3,950 with approx. 350 Operational service and solution acres; 1,600 Ha) equity MW  Built ‐ to ‐ Suit Warehouse and Factories (BTS): World ‐ class standard warehouses  Existing 9 operating and 3  Exclusive utilities provider in the  To become one ‐ stop service for Data and factories built to specific client’s developing and new expansion IEs industrial estates with high margin Center developer and provider by requirements in strategic cluster to serve key products and steady growth way of business collaboration with  Warehouse Farm: Combination of Built ‐ to ‐ sectors in Thailand ‐ total of 46,434 reputable partners  Total demand of raw water, rais (18,574 acres; 7,429 Ha) Suit and Ready ‐ Built Projects at the same potable/clarified water and waste  To provide comprehensive service site  Net sellable area approx. 10,000 water treatment approx. 94 mm by installation of fiber optic in  Built ‐ to ‐ Own (BTO):Warehouse or factory rais (3,950 acres; 1,600 Ha) m 3 /year industrial estates and part of Local consisting of 3,800 rais of customized to client’s special needs for Loop business  Active power investor with strategic operating IE and 6,200 rais purchase partnership with reputable partners  Be part of the Government Initiative developing IE  Built ‐ to ‐ Suit Office: Offices that are i.e. Glow Energy, Gulf Energy, B ‐ to promote digital economy  Potential geographical expansion customized to customers’ specific Grimm and Suez in cross ‐ border provinces and requirements i.e. Multi ‐ purpose offices  Approx . 350 Operational Equity MW overseas investment  Ready ‐ Built factory and warehouse in IEs in 2016. Approx. 540 Operational and logistics park Equity MW by 2019 from recent joint venture arrangements 7

WHA Group Overview Group Structure – Operating Companies Property Funds and REITs Core Business 15.00% 15.00% 15.00% 98.54% WHA Corporation WHAPF Hemaraj Land and WHART HREIT /3 PCL Development PCL. NAV per unit –THB 10.07 /1 NAV per unit –THB 9.81 1 NAV per unit – THB 10.08 //1 Registered – THB 1,567.8 mm Registered – THB 6,000mm Paid-Up Capital–THB Paid-Up Capital–THB 9,158.1 Paid-Up Capital–THB 5,693.6 paid-up Cap – THB 1,432.2 mm paid-up Cap – THB 3,882mm 9,390.6 mm mm /2 mm 99.99 % 94.97 % 22.95% 15.00% WHAUP /3 WHA Infonite HPF /3 WHABT Registered – THB 3,825 mm NAV per unit –THB 10.19 1 NAV per unit –THB 9.98 /1 Registered – THB 185 mm paid-up Cap – THB 3,200 mm Paid-up – THB 64.8 mm Paid-Up Capital–THB Paid-Up Capital–THB 1,982.1 4,700.0 mm mm /2 JV Collaborations – Utilities & Power /3 JV Collaborations 25.01% 35.00% 12.75% 25.01% 65.00% 50.00% Bowin Clean WHA KPN Alliance Central WHA Gheco-One Gulf Solar Houy Ho Power Alliance Energy 5.00% 25.01% 75.00% 33.33% 51.00% 80.00% Chonburi WHA Daiwa WHA Hemaraj Cienco 4 GJP NLL WHA Gunkul Glow IPP Clean Energy Logistics Property Joint Stock Company /3 Remarks: /1 NAV per unit as of February 21, 2017 /2 Including the 3 rd capital reduction in 2016 /3 Held by Hemaraj Land and Development PCL. 8

WHA Group Overview Group Asset Management Platform WHA completed WHART capital increase and also set up HREIT in 2016. Currently WHA Group have 2 property funds and 3 REITs with the total fund raised approx. THB 39,137.8 mm /1 . WHART WHAPF HREIT HPF WHABT Built-to-Suit warehouse/ Ready-Built factory/ Built-to-Suit warehouse/ factory Ready-Built factory/ warehouse Office building Asset Type factory warehouse THB 9,158.1 mm THB 9,390.6 mm THB 4,700.0 mm THB 1,982.1 mm /3 THB 5,693.6 mm Paid-up Capital THB 13,961.4 mm THB 9,932.8 mm THB 4,700.0 mm THB 2,525 mm THB 8,018.6 mm Total Fund Raised NAV per unit /2 THB 9.81 THB 10.07 THB 10.19 THB 9.98 THB 10.08 THB 9.80 THB 10.10 THB 7.75 THB 9.80 THB 9.90 Market Price per unit /4 2014 2010 2013 2015 2016 Established Year WHA holds 15% WHA holds 15% Hemaraj holds 22.95% WHA holds 15% Hemaraj hold 15% Ownership Property Manager WHA Corporation PCL. WHA Corporation PCL. Hemaraj Land And CBRE/ WHA Corporation Hemaraj Land And Development PCL. PCL. Development PCL. REIT Manager WHA Real Estate WHA Real Estate Hemaraj REIT Management Management - - Management Co., Ltd. /6 Co., Ltd. /5 Co., Ltd. /5 Remarks: /4 Information as of February 21, 2017 /1 Information as of February 21, 2017 9 /5 WHA holds 99.99% in WHA Real Estate Management Co., Ltd. /2 NAV per unit as of February 21, 2017 /3 Including the 3 rd capital reduction in 2016 /6 Hemaraj Land And Development PCL. holds 99.99% in Hemaraj REIT Management Co., Ltd.