3Q18 Opportunity Day Monday, November 12, 2018 Disclaimer This - PowerPoint PPT Presentation

3Q18 Opportunity Day Monday, November 12, 2018

Disclaimer This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. GGC has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and GGC does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. Page 2

Agenda Highlights GGC Growth Project Palm Oil Market Updates Financial Performance Page 3

Awards in 3Q2018 Highlights GGC Growth Project Palm Oil Market Updates Financial Performance รางวัลและการรับรองในไตรมาสที่ 3/2561 • รางวัล CSR-DIW Continuous Award ( การแสดงความรับผิดชอบของ ผู้ประกอบการอุตสาหกรรมต่อสังคม ) จากกรมโรงงานอุตสาหกรรม • รางวัลสถานประกอบกิจการต้นแบบดีเด่น ด้านความปลอดภัย อาชีวอนามัย และสภาพแวดล้อมในการท างาน ( ระดับเพชร ) จากกรมสวัสดิการและ คุ้มครองแรงงาน • รางวัล 3 Rs Awards / รางวัลการใช้ประโยชน์ของเสียได้ทั้งหมด (Zero Waste to Landfill Achievement Awards) และ รางวัลผลตอบแทน เศรษฐศาสตร์ที่ดี (3Rs+ Awards) จากกรมโรงงานอุตสาหกรรม • ประกาศนียบัตรฉลากลดโลกร้อน ( Carbon Footprint Reduction) จาก องค์การบริหารจัดการก๊าซเรือนกระจก (องค์การมหาชน) หรือ อบก. • รางวัล ECO Factory ประจ าปี 2561 จากกระทรวงดิจิตัลเพื่อเศรษฐกิจและ สังคม กระทรวงอุตสาหกรรม และสภาอุตสาหกรรมแห่งประเทศไทย

3Q18 Highlights Highlights GGC Growth Project Palm Oil Market Updates Financial Performance Key Highlights ME Business Unit: FA Business Unit: + Mandate of B7 + Natural FA prices were being in competitive range to synthetic FA + Since July 2 nd , 2018, B20 has been implemented for large fleet and agricultural machinery + MOEN has revised the policy to increase Financial Performance: minimum of mandate (6.5% -> 6.8%), on Nov 5 th 2018 + Consoled EBITDA +111% QoQ, +37% YoY + ME EBITDA +50% QoQ, +56% YoY + FA EBITDA +319%QoQ, +19% YoY + Both ME & FA plants utilized at full capacity • Annual maintenance shutdown FA plant - CPO & CPKO price continue downward • ME plant 2 will COD by Q4/2018 trend - Slow demand due to rainy season - THB appreciation over USD Page 4

3Q18 Operation Highlights Highlights Highlights Palm Oil Market Update Financial Performance GGC Going Forward GGC Growth Project Palm Oil Market Updates Financial Performance METHYL ESTER (B100) BUSINESS UNIT GGC’s ME Operational Performance CPO (DIT) : THB/Kg Biodiesel Mandate Plant Utilization Rate B7 B7 B7 B7 26.35 112% 108% 113% 101% 113% 22.43 20.78 20.45 20.24 B5 , B7 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 Sales Volume (Tons) 3Q17 2Q18 3Q18 9M17 9M18 252,457 277,491 97,373 90,100 84,637 ME (EPPO) : THB/Litre ME EPPO P2F : THB/Kg 3Q17 2Q18 3Q18 9M17 9M18 5.29 5.13 5.18 4.97 30.09 4.79 Adjusted EBITDA (MB) 26.34 25.03 25.11 24.93 483 454 187 116 109 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 THB/Kg 3Q17 2Q18 3Q18 9M17 9M18 ME EPPO 30.45 28.94 29.03 34.79 28.82 Page 5

3Q18 Operation Highlights Highlights GGC Growth Project Palm Oil Market Updates Financial Performance FATTY ALCOHOLS BUSINESS UNIT GGC ’ s FA Operational Performance CPKO (MPOB) : USD/Ton Natural Fatty Alcohols regained Competitiveness vs. Synthetic ones Plant Utilization Rate 1,224 1,156 Crude Oil Price (WTI) : USD/BBL 980 921 882 123% 120% 68 70 67 110% 110% 108% 49 48 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 FA (ICIS) : USD/Ton 3Q17 2Q18 3Q18 9M17 9M18 Sales Volume (Tons) Ethylene Price (USGC) : USD/Ton 1,949 79,107 81,343 1,820 1,625 1,570 1,521 712 704 663 638 582 31,574 30,209 26,899 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 FA Market P2F : USD/Ton Synthetic FA (C1215) Price : USD/Ton Adjusted EBITDA (MB) Natural Mid Cut FA (C1214) Price : USD/Ton 897 481 465 463 449 2,440 433 2,249 2,131 2,205 593 1,764 245 170 159 1,949 1,820 1,802 1,786 1,460 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 3Q17 2Q18 3Q18 9M17 9M18 Page 6

Agenda Highlights GGC Growth Project Palm Oil Market Updates Financial Performance Page 7

Projects Timeline Highlights GGC Growth Project Palm Oil Market Updates Financial Performance Biocomplex Refined Glycerine Phase 1 Plant 2 20 KTA Sugarcane : 2.4 mm TPA Ethanol : 186 mm LPA Methyl Ester Plant 2 200 KTA Oleo Specialties 14 KTA End End End 2018 2019 2020 Oleo Specialties Methyl Ester Refined Glycerine Biocomplex Project Plant 2 Plant 2 Phase 1 Methyl Ester Refined Glycerine Sugarcane : 2.4 mm TPA Capacity 14 KTA 200 KTA 20 KTA Ethanol : 186 mm LPA 7,650 MB CAPEX 1,650 MB 304 MB TBA (GGC will hold 50%) 100% Construction, Project Progress Update Contractor Bidding Feasibility Study FID : 4Q2018 Commissioning Test Scheduled COD 4Q2018 4Q19 Target 2Q20 Early of 1Q21 Page 8

Projects Timeline Highlights GGC Growth Project Palm Oil Market Updates Financial Performance Methyl Ester Plant2 Refined Glycerine Plant 2 Progress: Company had made technical evaluation and clarify scope of work with sub-EPC Contractor. They will propose bidding quotation within November 2018. Next Action: Expect to start construction within Q4 / 2018 Timeline: Target COD within Q4, 2019 Progress: The project is in progress to do Plant Oleo Specialty Performance Acceptance. Next Action: Progress: On process to develop product recipe. Request 2 licenses required from DOEB 1) Received Anti-oxidation license on Sep 2018 Next Action: Following for alternative options study / pre- 2) Production and distribution license (expected marketing to get license within Nov) Timeline : Target COD within Q2, 2020 Timeline: Target COD/Plant Acceptance within 4Q2018 Page 9

Projects Timeline Highlights GGC Growth Project Palm Oil Market Updates Financial Performance BIOCOMPLEX In October 2018, the exceptional clause “except the factory in such location Progress: provide consent to the other” has been added to the draft of the amendment of the Notification of the Ministry of Industrial about the location of factory that using sugar cane as raw material in Thailand 2559. Next Action: Proceed project to BoD for FID Timeline: Target COD within Q1,2021 Page 10

Agenda Highlights GGC Growth Project Palm Oil Market Updates Financial Performance Page 11