OPPORTUNITY DAY. For the quarter ended 30 September 2017 and December PDF Free Download

OPPORTUNITY DAY For the quarter ended 30 September 2017 and 2016 8 December 2017

CHEWA AGENDA 1. COMPANY BACKGROUND 2. CHEWA FINANCIAL HIGHLIGHTS 3Q17 & 9M17 3. CHEWA GROWTH STRATEGIES & BUSINESS PLAN 4. Q&A

C H E W A T H A I P U B L I C C O M P A N Y L I M I T E D Company Background THE COMPANY HAS TWO CORE BUSINESS; Residential Project Development Business There are high-rise and low-rise condominium projects as well as housing project. Each project has its own identity, based in the different location within Bangkok Metropolitan Region, also in the major tourist destinations of the country. Moreover, the company is developing the real estate projects for commercial purposes. Ready Built Factories Rental Business The company has developed ready-built factories for rent, provided to small-to-medium manufacturers. Of which, they are based in one of the major industrial estates in the key economic region of Thailand.

C H E W A T H A I P U B L I C C O M P A N Y L I M I T E D Key Development of Company 2008 Chartchewa Co., Ltd. and TEE Development Pte., Ltd. jointly founded Chewathai Co., Ltd. with the registered and paid up capitals of 10 million THB with a shareholding percentage ratio of 51:49 28.6% CHEWA 33.2% 2015 The Company converted into a public limited company and was renamed to Chewathai Public Company Ltd. on the 24 th April 2015 2016 The Company listed in MAI. on April 2016 บร ษ ท ชาต ช วะ จาก ด (33.2%) นางจร ญล กษณ พาน ชช วะ (4.6%) 31.9% TEE DEVELOPMENT PTE. LTD (31.9%) นายพ ชญ เทวอ กษร (1.8%) ผ ถ อห นรายย อย (28.6%)

C H E W A I N T R O D U C T I O N Company Structure TEE Land Ltd. K. Chartchai Panichewa and Family 100% 100% TEE Development Pte Ltd. IPO Chartchewa Co., Ltd. Property developer in Singapore 49% / 32% 51% / 33% Listing company 0% / 35% Holding company Chewathai PLC CHEWA 50% 100% Property developer Chewathai Hup Soon Ltd. Property developer Chewathai Interchange Co., Ltd.

CHEWA AGENDA 1. COMPANY BACKGROUND 2. CHEWA FINANCIAL HIGHLIGHTS 3Q17 & 9M17 3. CHEWA GROWTH STRATEGIES & BUSINESS PLAN 4. Q&A

C H E W A F I N A N C I A L H I G H L I G H T S Consolidated Financial Statements of Financial Position Total Assets Total Liabilities Unit : Million Baht 9M2017 Y2016 9M2017 Y2016 9M2017 % 2016 % %Change Total Assets 4,026 100% 3,171 100% 854 27% 854 MB 852 MB Cash & Equivalent 130 3% 58 2% 71 122% Land and real estate development cost 3,397 84% 2,525 80% 872 35% 3,171 2,195 Other Assets 499 12% 588 19% (89) -15% 4,026 3,047 Total Liabilities 3,047 76% 2,195 69% 852 39% Short term loan 2,351 58% 1,664 52% 687 41% Long term loan 527 13% 414 13% 113 27% Other Liabilities 169 4% 118 4% 51 44% Total shareholder s equity 9M2017 Y2016 2 MB Shareholder's equity 978 24% 976 31% 2 0% D/E Ratio 3.11 2.24 D/E Ratio per bank 2.10 2.02 976 978

C H E W A F I N A N C I A L P E R F O R M A N C E Consolidated Financial Statements of Income 3Q2017 Unit : Million Baht 3Q2017 3Q2016 YoY % Revenue from sales of real estate 395 174 220 126% Other Revenue 7 16 (9) -57% Total revenues 402 191 211 111% COGS 278 120 158 132% Gross profits 124 71 53 74% Selling expenses 47 27 20 77% Admin expenses 29 28 1 4% Profit from operation 48 16 31 192% Share of gain from JV 0 3 (3) -90% EBIT 48 19 34 176% Financial costs 6 12 (6) -52% EBT 42 7 40 584% TAX 8 3 5 160% Net profit 34 4 30 750% 3Q2017 3Q2016 % Gross Profit 30% 33% % SG&A 19% 29% % Net profit 8% 2% EPS (Baht) 0.045 0.005 No.of share 750 750

P E R F O R M C E S U M M A R Y For 3Q17 and 3Q16 REVENUE FROM SALE BY PROJECT 3Q2017 3Q2016 Chewathai Ramkhamhaeng 3% Hallmark Ngamwongwang 11% Hallmark Chaengwattan a 19% Chewathai Interchange 13% Chewarom 16% Hallmark Ngamwongwang 30% Chewathai Interchange 33% Chewathai Residence Bang Pho 41% Hallmark Chaengwattana 34%

C H E W A F I N A N C I A L P E R F O R M A N C E Consolidated Financial Statements of Income 9M2017 Unit : Million Baht 9M2017 9M2016 YoY % Revenue from sales of real estate 810 990 (180) -18% Other Revenue 21 34 (13) -39% Total revenues 831 1,024 (194) -19% COGS 575 718 (142) -20% Gross profits 255 307 (52) -17% Selling expenses 125 93 33 35% Admin expenses 81 79 2 2% Profit from operation 49 135 (86) -64% Share of gain from JV 1 3 (1) -52% EBIT 50 137 (85) -62% Financial costs 18 45 (27) -59% EBT 32 92 (61) -66% TAX 7 21 (14) -67% Net profit 24 71 (47) -66% 9M2017 9M2016 % Gross Profit 30% 28% % SG&A 25% 17% % Net profit 3% 7% EPS (Baht) 0.033 0.107 No.of share 750 750

P E R F O R M C E S U M M A R Y For 9M2017 and 9M2016 REVENUE FROM SALE BY PROJECT Hallmark Chaengwattana 31% 9M2017 Chewathai Ramkhamhaeng 1% Hallmark Ngamwongwang 14% Chewathai Interchange 15% Chewathai Residence Bang Pho 20% Chewarom 19% Chewathai Ramkhamhaeng Hallmark 7% Ngamwongwang 16% Hallmark Chaengwattana 22% 9M2016 Chewathai Interchange 55%

CHEWA AGENDA 1. COMPANY BACKGROUND 2. CHEWA FINANCIAL HIGHLIGHTS 3Q17 & 9M17 3. CHEWA GROWTH STRATEGIES & BUSINESS PLAN 4. Q&A

ORGANIC GROWTH. CHEWA GROWTH STRATEGIES INORGANIC GROWTH. EXPLORE INVESTMENTS IN DEVELOPMENTS IN MAJOR PROVINCIAL CITIES. JV WITH POTENTIAL PARTNERS LOCAL & FOREIGNER. 40% 5% 55% BALANCE PORTFOLIO. HOUSES FOR SALE. CONDOMINIUMS FOR SALE. INDUSTRIAL FACTORIES FOR RENT.

CHEWA GROWTH STRATEGIES & BUSINESS PLAN JV PROJECTS

JV WITH POTENTIAL PARTNERS LOCAL & FOREIGNER. 70% shares CONDOMAN 30% shares

JV WITH POTENTIAL PARTNERS LOCAL & FOREIGNER. HEART SUKHUMVIT 62/1 Project location : Sukhumvit 62/1 Project Value : 120 MB. Complete in 3Q18

JV WITH POTENTIAL PARTNERS LOCAL & FOREIGNER. HEART SUKHUMVIT 36 Project location : Sukhumvit 36 Project Value : 270 MB. Complete in 4Q18

C H E W A I N T R O D U C T I O N Company Structure TEE Land Ltd. K. Chartchai Panichewa and Family 100% 100% TEE Development Pte Ltd. IPO Chartchewa Co., Ltd. Property developer in Singapore 49% / 32% 51% / 33% Listing company 0% / 35% Holding company Chewathai PLC CHEWA Property developer 100% 50% 70% Chewathai Interchange Co., Ltd. Chewathai Hup Soon Ltd. Chewa Heart Co., Ltd.

JV WITH POTENTIAL PARTNERS LOCAL & FOREIGNER. LIFESTYLE SENIOR LIVING VILLAGE PHUKET THAILAND 25% shares

JV WITH POTENTIAL PARTNERS LOCAL & FOREIGNER. LIFESTYLE SENIOR LIVING VILLAGE Project location : Kamala Phuket Estimate project Value : 3,500 MB.

C H E W A I N T R O D U C T I O N Company Structure TEE Land Ltd. K. Chartchai Panichewa and Family 100% 100% TEE Development Pte Ltd. IPO Chartchewa Co., Ltd. Property developer in Singapore 49% / 32% 51% / 33% Listing company 0% / 35% Holding company Chewathai PLC CHEWA Property developer 100% 50% 70% 25% Chewathai Interchange Co., Ltd. Chewathai Hup Soon Ltd. Chewa Heart Co., Ltd. Kamala Senior Living Co., Ltd.

CHEWA GROWTH STRATEGIES & BUSINESS PLAN LAND ACQUIRED IN 1H17 (PROJECTS UNDER DEVELOPMENT)

40% 55% 5% BALANCE PORTFOLIO. HOUSES FOR SALE. CONDOMINIUMS FOR SALE. INDUSTRIAL FACTORIES FOR RENT. LAND ACQUIRED (PROJECTS UNDER DEVELOPMENT) 40% Houses for sale Phutthamonthon Sai 1 Detached Houses 1,200 MB. ChewaTown Klong 4 Townhomes 699 MB. CHEWA 55% Condominiums for sale Thong Lor 20 Low rise condominium 954 MB. 5% Factories for rent

40% 55% 5% BALANCE PORTFOLIO. HOUSES FOR SALE. CONDOMINIUM S FOR SALE. INDUSTRIAL FACTORIES FOR RENT. LAND ACQUIRED IN 1H17 (PROJECTS UNDER DEVELOPMENT) PHUTTHAMONTHO N SAI 1 Detached House 52 units 25 30MB per unit Project Value : 1,200MB. Complete in 1Q19

PHUTTHAMONTHO LAND ACQUIRED IN 1H17 (PROJECTS UNDER DEVELOPMENT) N SAI 1

40% 55% 5% BALANCE PORTFOLIO. HOUSES FOR SALE. CONDOMINIUMS FOR SALE. INDUSTRIAL FACTORIES FOR RENT. LAND ACQUIRED IN 1H17 (PROJECTS UNDER DEVELOPMENT) CHEWATOWN KLONG 4 Townhome 277 units 2-3MB per unit Project Value : 699MB. Complete in 3Q18

40% 55% 5% BALANCE PORTFOLIO. HOUSES FOR SALE. CONDOMINIUMS FOR SALE. INDUSTRIAL FACTORIES FOR RENT. LAND ACQUIRED IN 1H17 (PROJECTS UNDER DEVELOPMENT) CHEWATHAI THONG LOR 20 Low rise condominium Project Value : 950MB. Complete in 4Q19

CHEWATHAI LAND ACQUIRED IN 1H17 (PROJECTS UNDER DEVELOPMENT) THONG LOR 20

CHEWA GROWTH STRATEGIES & BUSINESS PLAN NEW COMPLETION IN 2017

C H E W A P R O J E C T S ( N E W C O M P L E T I O N I N 2 0 1 7 ) NO. PROJECT COMPLETE MILLION BAHT SOLD (%) 1 Chewarom Rangsit Don Mueang (in phases) 490 57% 2 Chewathai Residence Bang Pho 3Q17 1,040 56% 3 Chewathai Residence Asoke 3Q17 1,700 70% TOTAL 3,230 61%

NEW COMPLETION IN 2017

40% 55% 5% BALANCE PORTFOLIO. HOUSES FOR SALE. CONDOMINIUMS FOR SALE. INDUSTRIAL FACTORIES FOR RENT. POTENTIAL LAND ACQUISITIONS 40% Houses for sale Townhome Land size : 31-2-87 rai AVG. Price : 2.50 MB per unit Project Value : 885 MB. Townhome Land size : 7-3-41 rai AVG. Price : 3.50MB per unit Project Value : 276 MB. 5% CHEWA 55% Condominiums for sale High rise condominium Land size : 3-0-69 rai Project Value : 3,200 MB. Factories for rent

Estimated finished projects & Inventories VS Target Revenue & Backlogs End of 9M2017 6000 5000 4000 3000 2000 1000 0 Projects to be completed 3,298MB. Inventory Inventory 915MB. 942MB. Estimated finished project 3,298MB. Actual + Backlog 100% 2,000MB. Backlog 1,169MB. Actual 831MB. Projects to be complete 2,149MB. Inventory 2,213MB. Inventory 2,240MB. 2,400MB. 20% yoy Growth Projects to be completed 3,341MB. Inventory Inventory 1,989MB. 1,263MB. 2017 2018 2019 2,880MB. 20% yoy Growth

CHEWA AGENDA 1. COMPANY BACKGROUND 2. CHEWA FINANCIAL HIGHLIGHTS 3Q17 & 9M17 3. CHEWA GROWTH STRATEGIES & BUSINESS PLAN 4. Q&A

THANK YOU CHEWA OPPORTUNITY DAY 9M2017

OPPORTUNITY DAY. For the quarter ended 30 September 2017 and December 2017