1 Contents Financial Performance Business Opportunity Financial - PowerPoint PPT Presentation

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Contents Financial Performance Business Opportunity

Financial Performance 3

Financial Performance Revenues MB. 2% 100% 3% 6% 6% 8% 7% 8% 15% 11% 2,800 3,000 14% 18% 2,550 23% 17% 80% 16% 33% 18% 2,500 15% 2,117 15% 2,064 60% 2,000 1,693 1,337 1,314 1,500 40% 73% 71% 69% 68% 64% 1,000 61% 61% 20% 500 0 0% 2012 2013 2014 2015 2016 H1-16 H1-17 2012 2013 2014 2015 2016 H1-16 H1-17 Manufacturing Product Supplied and Distributed Products +14.01% QOQ Services Power Plant Demolition +3.02% YOY Key Highlights : 778 770 H1/17 Revenue from sales and service amounting 712  707 691 662 to 1,337 million baht, increased by 22.83 million 625 623 603 baht or increased by 1.74%, when compared to the 514 same period last year Significant changes in the proportion of revenue for  H1/17 as follows ; Manufacturing Product decreased by 14%, Supplied and Distributed Product decreased by 7%, Services increased by 114% and Power plant Demolition increased by 165% , when compared to the same period last Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1/17 Q2/17 year. Revenue 514 603 770 662 623 691 707 778 625 712 4

Financial Performance Gross Margin MB. 3,000 30% 25.10% 25.14% Key Highlights : 24.33% 23.39% 2,500 25% 21.80% 2,550 22.62%  H1/17 Gross profit has amounting to 312.73 2,800 million baht, decreased 17.11 million baht or 22.35% 2,000 20% 2,117 2,096 decreased 5.18%, with the gross profit ratio 2,064 1,980 decreased from 25.10% to 23.39% when 1,500 15% 1,693 1,614 1,602 compared to the same period of last year 1,337  This was mainly due to the impact from the 1,310 1,314 1,000 10% price competition. 1,024 984 500 5% 0 0% 2012 2013 2014 2015 2016 H1-16 H1-17 +12.73% QOQ Revenue Cost Gross Margin -2.98% YOY 199.23 176.18 174.63 170.81 165.72 159.03 155.71 147.01 130.37 107.53 23.26% 20.90% 21.64% 20.21% 26.60% 25.53% 24.70% 24.70% 23.53% 25.60% %GP Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 5

Financial Performance Selling General & Administrative Expenses (SG&A) MB. 400 20% 350 Key Highlights : 13.67% 13.24%  H1/17 SG&A amounting to 161.76million baht, 300 15% 12.89% 12.83% decreased 18.93 million baht or decreased 12.11% 12.05% 250 10.47%, with the SG&A per Total revenues ratio decreased from 13.67% to 12.05% when 200 10% 11.83% compared to the same period of last year 150  This was mainly due lower promotional expenses Including continuous control and cost 100 5% management. 50 251 274 226 303 361 181 162 0 0% 2012 2013 2014 2015 2016 H1-16 H1-17 +3.66% QOQ -14.66% YOY 99.00 96.47 96.93 84.22 83.47 82.33 79.43 73.29 65.86 65.03 %/Total 10.77% 12.40% 12.65% 12.64% 9.49% 14.86% 13.41% 13.91% 11.74% 11.53% Revenue 6 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17

Financial Performance Net Profit MB. Key Highlight : 350 14%  H1/17 Net profit was 124.03 MB. 300 12% decreased by 0.87 MB. or by 0.69% 288 250 10.24% 9.45% 9.24% compared to the same period last year. 10% 8.57% 8.07% 200  H1/17 Net profit margin rate decreased 8% 6.67% 207 6.99% 182 from 9.45% to 9.24,when compared to the 150 6% same period last year, This was mainly 145 125 100 124 4% 114 impact from the price competition 50 2% 0 0% +23.69% QOQ 2012 2013 2014 2015 2016 H1-16 H1-17 87.45 +11.55% YOY 75.88 69.44 68.58 65.96 63.42 61.48 55.45 41.84 29.52 5.67% 11.19% 9.60% 6.93% 8.99% 9.90% 10.10% 8.86% 10.68% 8.83% GP% 7 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17

Financial Performance Assets Liabilities MB. MB . 2,258 2,250 2,250 1,180 2,400 1,200 1,115 60 1,002 1,738 1,727 38 2,100 948 604 668 682 45 882 833 1,800 58 900 1,354 40 152 484 463 135 107 55 658 522 1,500 588 283 162 525 1,200 142 661 600 497 730 864 174 502 480 900 481 318 600 300 593 800 462 717 633 637 365 369 579 581 344 300 276 0 0 2012 2013 2014 2015 2016 H1-17 2012 2013 2014 2015 2016 Q2-17 Loan AP Other Cash+AR Inventory Other PP&E Shareholders ’ Equity Key Highlights : MB. 1,421  H1/17 significant changes in assets are as follows: 1,369 1,256 1,500 - Trade and other receivables-net equal to 757.27 million baht had increased by 117.64 million baht or increased by 18.39%. 1,200 The increase is in line with the increased sales and credit 900 612 policy of the company, there are also increased in overdue 558 receivables. 406 600 - Materials from the decommissioned power plant-net equal to 300 60.16 million baht had decreased by 71.34 million baht or decreased by 54.25%, since the joint venture (subsidiary) 0 sold more material from the power plant during the period. 2012 2013 2014 2015 2016 H1-17 Equity 8

Financial Performance Return On Equity (ROE) Return On Assets (ROA) MB. MB. 1,500 50.00% 2,500 20.00% 16.01% 40.08% 16.18% 37.82% 15.84% 1,250 15.97% 14.96% 40.00% 2,000 16.00% 14.06% 1,000 28.12% 2,256 30.00% 9.73% 1,500 2,229 12.00% 22.13% 21.44% 21.72% 2,155 19.43% 750 1,992 20.00% 1,732 1,000 8.00% 1,344 1,323 500 934 1,546 926 585 1,302 357 482 357 10.00% 322 500 280 4.00% 250 350 208 250 169 140 182 114 207 288 260 287 0 0.00% 0 0.00% 2012 2013 2014 2015 2016 H1-16 H1-17 2012 2013 2014 2015 2016 H1-16 H1-17 Asset EBIT ROA Net profit Shareholders's Equity ROE Debt to Equity (D/E) MB. 2.34 1,750 2.50 2.12 1,500 1.82 2.00 1,432 1,378 1,250 1,257 1,180 1.50 1,268 1,000 1,115 1,002 948 882 750 830 1.00 0.80 942 0.74 0.64 0.58 500 612 558 0.50 406 250 0 0.00 2012 2013 2014 2015 2016 H1-16 H1-17 9 D/E Rate Liabilities Shareholders'Equity

Highlight Project H1/2017 Infrastructure  Airport - AOT - Krabi - Loei - Betong - Mae Sot  Train - SRT Red Line Power Plant / Utility  Power Plant EGAT - Srinakarin Dam  Utility PEA - Substation (10 Stations) - Under Ground System ; Sukhothai, Phimai  Utility Private Sector - Amata B.Grimm, - Rachburi - TPCH Government Office  Ministry of Justice  Ministry of Social Development and Human Security (New building)  EGAT Headquarters (New building) 10

Highlight Project H1/2017 Commercial Building  Central  Robinson  BigC Telecommunication & Data center  Telecommunication - AIS - DTAC - TRUE  Data Center - SET - INET - PEA - WHA Residential  Siam Sindhorn 11

Highlight Project H1/2017 Industry  Pandora  CPF  Thaioil  Pepsi  TFG  Potash Mining (Dan Khun Thot) Health Care and Hospital  Roi-Et Hospital  Academic Center of Dentistry in ASEAN 12

Activity in H1/2017 Customer Seminars สัมมนา ระบบกระจายส่งจ่ายไฟฟ ้ า การใช้งานและการดูแล • บ ารุงรักษาสวิตช์บอร์ดไฟฟ ้ า สัมมนา Power-Up by ASEFA & BUILK • สัมมนา Advanced for Electrical Power Distribution • Investor Relations ประชุมสามัญผู้ถือหุ้นประจ าปี 2559 • Opportunity Day แถลงผลประกอบการไตรมาส 4/2559 • Contractor Day" บริษัทหลักทรัพย์ภัทร จ ากัด • Benefit from Infrastructure Spending" บมจ. กรุงศรี • Company Visit กลุ่มลูกค้าบริษัทฯ ต่างๆ หน่วยงานราชการและ • สถาบันการศึกษา เข้าเยี่ยมชมกิจการและกระบวนการผลิต 13

Activity in H1/2017 Internal Training อบรม “ การพัฒนาผู้บริหาร (Mini MBA) • งานสัมมนาเชิงวิชาการ ส าหรับผู้บริหารระดับกลาง • งานสัมมนาวิศวกร • CSR โครงการ "อาซีฟาร่วมพลิกฟื้นชุมชน พ้นวิกฤตอุทกภัย • โครงการ "ครอบครัวอาซีฟา ร่วมใจท าดีเข้าพรรษา “ • Other Activities บมจ. อาซีฟา ร่วมออกบูธกับ ปตท. @ จ.นครสวรรค์, • พิษณุโลก, เชียงใหม่ และ พะเยา บมจ.อาซีฟา ได้รับประกาศเกียรติคุณบัตร และเข็มเสมา • คุณูปการจากกระทรวงศึกษาธิการ Rewards รางวัลระดับประเทศ สถานประกอบกิจการต้นแบบดีเด่น • ด้านความปลอดภัย อาชีวอนามัย และสภาพแวดล้อมใน การท างานประจ าปี 2560 รางวัล สถานประกอบกิจการดีเด่น ด้านส่งเสริมพัฒนา • 14 ฝีมือแรงงาน ประจ าปี 2560

Business Opportunity 15

System Overview