2Q19 Financial Results Analyst Meeting Presentation Chememan - PowerPoint PPT Presentation

2Q19 Financial Results Analyst Meeting Presentation

Chememan Analyst Presentation 2Q19 1. Key Highlights of 2Q19 - EBITDA & Net Profit - Ratios 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate Table of Contents - Financial Highlights – 2Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 1H19 - Analysis by Products – Limestone - Progress Update – Thailand - Sales by Products - Production Capacity - Progress Update – Overseas - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund 1. Key Highlights of 2Q19 2. Financial Performance - Financial Highlights – 2Q19 - Financial Highlights – 1H19 - Sales by Products - Domestic Vs International - Sales by Industries - EBITDA & Net Profit - Analysis by Product – Quicklime - Analysis by Product – Hydrated Lime - Analysis by Products – Limestone - Production Capacity - Balance Sheet - Sources & Uses of Fund - Ratios - Exchange rate 3. Project Progress Update - Progress Update – Thailand - Progress Update – Overseas 2

Chememan Analyst Presentation 2Q19 1. Key Highlights of 2Q19 - EBITDA & Net Profit - Ratios Key Highlights of 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate - Financial Highlights – 2Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 1H19 - Analysis by Products – Limestone - Progress Update – Thailand 2Q19 - Sales by Products - Production Capacity - Progress Update – Overseas - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund  End of sugarcane extracting season  PB1 Quicklime Kiln shutdown for maintenance for 46 days in 2Q19  Recognition of the increase in employee benefits obligation in accordance to the New Labor Protection Act amounting 8 MB  Easternbulk Lime Product Privated Limitted, a 50% joint venture in India commenced operation on 10 July 2019  Interim dividend payment from net profit of 1H19 at 0.02 baht/share, totalling 19.2 MB to be paid on 11 September 2019 3

Financial Performance of 2Q19 & 1H19 Chememan Analyst Presentation 2Q19

Chememan Analyst Presentation 2Q19 - Ratios 1. Key Highlights of 2Q19 - EBITDA & Net Profit Financial Highlights 2. Financial Performance - Exchange rate - Analysis by Product – Quicklime 3. Project Progress Update - Financial Highlights – 2Q19 - Analysis by Product – Hydrated Lime - Financial Highlights – 1H19 - Progress Update – Thailand - Analysis by Products – Limestone of 2Q19 - Progress Update – Overseas - Sales by Products - Production Capacity - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund Unit : Million Baht 2Q19 1Q19 2Q18 %QoQ %YoY Sales Revenue (1) 561 612 647 -8.4% -13.3% Cost of Sales (not include depreciation & amortization) (344) (353) (389) -2.5% -11.4% Transportation cost (117) (116) (116) +0.7% +0.4% Gross Profit (net transportation cost and depreciation & amortization) 100 143 143 -30.3% -29.9% Gross Profit Margin (net transportation cost and depreciation & amortization) (2) (%) 22.5% 28.9% 26.8% 5 3 9 +88.4% -40.1% Other income Selling expenses (10) (9) (8) +16.7% +22.8% Administrative expenses (37) (42) (42) -11.7% -11.6% (9) (6) 17 +50.2% -149.8% Gain (Loss) on exchange rate Share of loss from investment in joint ventures (2) (1) (1) +19.0% +28.0% Non-cash expenses 17 3 (4) N/A N/A 64 92 113 -29.9% -43.2% EBITDA Adjust : (a) Gain (Loss) on exchange rate 9 6 (17) +50.2% -149.8% Adjust : (b) Cost incurred by temporary shutdown of kiln for maintenance 8 2 0 N/A N/A Normalized EBITDA (3) 81 99 95 -18.0% -15.4% 14.4% 16.2% 14.8% Normalized EBITDA Margin (%) Depreciation & Amortization (49) (49) (48) +0.5% +3.3% Depreciation & Amortization – Cost of sales (46) (45) (44) +0.9% +3.9% Depreciation & Amortization – Administrative expenses (4) (4) (4) -5.1% -3.6% Finance costs (12) (10) (11) +18.9% +6.0% Interest received 1 1 1 +39.8% -2.3% Gain (Loss) on tax 4 2 (0) N/A N/A Normalized Net Profit (3) 25 43 37 -42.2% -33.9% Normalized Net Profit margin (%) 4.4% 7.0% 5.8% (a) Gain (Loss) on exchange rate (9) (6) 17 +50.2% -149.8% (8) (2) (0) N/A N/A (b) Cost incurred by temporary shutdown of kiln for maintenance (c) Non-cash expenses (17) (3) 4 N/A N/A (9) 32 59 -126.6% -114.6% Net profit (loss) Net Profit (Loss) Margin (4) ((%) (1.9%) 6.5% 11.1% Earnings (Loss) per share (baht) (0.01) 0.03 0.06 5

Chememan Analyst Presentation 2Q19 - EBITDA & Net Profit - Ratios Financial Highlights 1. Key Highlights of 2Q19 - Analysis by Product – Quicklime - Exchange rate 2. Financial Performance - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 2Q19 - Analysis by Products – Limestone - Progress Update – Thailand - Financial Highlights – 1H19 of 1H19 - Production Capacity - Progress Update – Overseas - Sales by Products - Balance Sheet - Domestic Vs International - Sources & Uses of Fund - Sales by Industries Unit : Million Baht 1H19 1H18 %YoY Sales Revenue (1) 1,173 1,244 -5.7% Cost of Sales (not include depreciation & amortization) (697) (744) -6.3% Transportation cost (232) (208) +11.5% Gross Profit (net transportation cost and depreciation & amortization) 243 291 -16.4% Gross Profit Margin (net transportation cost and depreciation & amortization) (2) (%) 25.9% 28.1% Other income 8 10 -20.4% Selling expenses (18) (16) +16.9% Administrative expenses (80) (78) +1.5% Gain (Loss) on exchange rate (14) 6 N/A Share of loss from investment in joint ventures (3) (2) +47.3% Non-cash expenses 20 1 N/A EBITDA 156 211 -26.3% Adjust : (a) Gain (Loss) on exchange rate 14 (6) N/A Adjust : (b) Cost incurred by temporary shutdown of kiln for maintenance 9 (0) N/A Normalized EBITDA (3) 179 206 -12.8% Normalized EBITDA Margin (%) 15.3% 16.5% Depreciation & Amortization (98) (90) +9.0% Depreciation & Amortization – Cost of sales (91) (84) +8.3% Depreciation & Amortization – Administrative expenses (7) (6) +18.6% Finance costs (22) (29) -25.7% Interest received 1 1 -2.1% 6 2 N/A Gain (Loss) on tax Normalized Net Profit (3) 67 90 -25.6% Normalized Net Profit margin (%) 5.7% 7.3% (a) Gain (Loss) on exchange rate (14) 6 N/A (b) Cost incurred by temporary shutdown of kiln for maintenance (9) 0 N/A (c) Non-cash expenses (20) (1) N/A Net profit 24 95 -75.2% Net Profit Margin (4) ((%) 2.5% 9.2% Earnings per share (baht) 0.03 0.11 6

Chememan Analyst Presentation 2Q19 1. Key Highlights of 2Q19 Sales by - EBITDA & Net Profit - Ratios 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate - Financial Highlights – 2Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 1H19 - Analysis by Products – Limestone - Progress Update – Thailand Products - Sales by Products - Production Capacity - Progress Update – Overseas - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund Sales Quantities Sales Revenues Unit : THB million Unit : MT 633,210 593,589 1,244 1,173 99 134 237,848 325,431 195 129 329,368 324,733 305,350 49,927 303,842 647 612 597 588 592 268,855 30,924 59 256,461 561 39 69 146,939 51 62 167,187 97 65 147,813 60 98 90,909 158,244 107 89 950 105,421 69 910 25,684 24,243 13,850 305,814 22,588 26,147 17,074 276,855 491 483 459 438 434 427 152,262 153,551 148,330 134,949 124,893 128,525 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 1H18 1H19 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 1H18 1H19 Quicklime Hydrated Lime Limestone Quicklime Hydrated Lime Limestone 7

Chememan Analyst Presentation 2Q19 1. Key Highlights of 2Q19 Domestic Vs - EBITDA & Net Profit - Ratios 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate - Financial Highlights – 2Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 1H19 - Analysis by Products – Limestone - Progress Update – Thailand International - Sales by Products - Production Capacity - Progress Update – Overseas - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund Sales Quantities Sales Revenues Unit : MT Unit : THB million 633,210 593,589 1,244 1,173 31% 37% 58% 57% 329,368 324,733 305,350 303,842 647 612 592 597 588 268,855 561 33% 256,461 40% 29% 33% 69% 33% 52% 36% 64% 55% 63% 62% 63% 58% 67% 42% 71% 43% 60% 67% 67% 64% 45% 48% 36% 38% 37% 42% 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 1H18 1H19 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 1H18 1H19 Domestic International Domestic International 8