3Q19 Financial Results Analyst Meeting Presentation Chememan - PowerPoint PPT Presentation

3Q19 Financial Results Analyst Meeting Presentation

Chememan Analyst Presentation 3Q19 1. Key Highlights of 3Q19 - EBITDA & Net Profit - Ratios 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate Table of Contents - Financial Highlights – 3Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 9M19 - 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 3Q19 2. Financial Performance - Financial Highlights – 3Q19 - Financial Highlights – 9M19 - 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 3Q19 1. Key Highlights of 3Q19 - EBITDA & Net Profit - Ratios Key Highlights of 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate - Financial Highlights – 3Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 9M19 - Analysis by Products – Limestone - Progress Update – Thailand 3Q19 - Sales by Products - Production Capacity - Progress Update – Overseas - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund  CMAN has been awarded “CSR-DPIM Continuous Award 2018”, with excellent level in operating mineral dressing plant with continuous corporate social responsibilities from Department of Primary Industries and Mines  Investment in Vietnam by acquiring 80% portion of capital contribution of Ha Long QN Lime Company Limited on 20 November 2019  Dissolution of Tubkwang Company Limited, a 99.99% owned non-active subsidiary  KK3 quicklime kiln shut down for maintenance for 45 days in 3Q19 3

Financial Performance of 3Q19 & 9M19 Chememan Analyst Presentation 3Q19

Chememan Analyst Presentation 3Q19 - Ratios 1. Key Highlights of 3Q19 - EBITDA & Net Profit Financial Highlights 2. Financial Performance - Exchange rate - Analysis by Product – Quicklime 3. Project Progress Update - Financial Highlights – 3Q19 - Analysis by Product – Hydrated Lime - Financial Highlights – 9M19 - Progress Update – Thailand - Analysis by Products – Limestone of 3Q19 - Progress Update – Overseas - Sales by Products - Production Capacity - Domestic Vs International - Balance Sheet - Sales by Industries - Sources & Uses of Fund Unit : Million Baht 3Q19 2Q19 3Q18 %QoQ %YoY Sales Revenue 584 561 588 +4.1% -0.7% Cost of Sales (not include depreciation & amortization) (361) (344) (351) +4.8% +2.8% Transportation cost (111) (117) (106) -4.9% +4.6% Gross Profit (net transportation cost and depreciation & amortization) 112 100 131 +12.3% -14.3% Gross Profit Margin (net transportation cost and depreciation & amortization) (%) 23.7% 22.5% 27.2% 7 5 5 +32.2% +30.1% Other income Selling expenses (13) (10) (9) +34.1% +50.4% Administrative expenses (47) (37) (40) +27.0% +19.1% (11) (9) (5) -22.6% -136.8% Gain (Loss) on exchange rate Non-cash expenses 7 15 13 -55.2% -46.7% EBITDA 54 64 96 -15.2% -43.1% Adjust : (a) Gain (Loss) on exchange rate 11 9 5 +22.6% +136.8% Adjust : (b) Cost incurred by temporary shutdown of kiln for maintenance 6 8 6 -27.7% -9.3% Normalized EBITDA 71 81 107 -12.3% -33.5% Normalized EBITDA Margin (%) 12.1% 14.4% 18.1% (54) (49) (47) +9.8% +14.0% Depreciation & Amortization Depreciation & Amortization – Cost of sales (50) (46) (43) +9.2% +14.8% Depreciation & Amortization – Administrative expenses (4) (4) (4) +18.2% +6.2% Finance costs (13) (12) (20) +9.9% -36.4% Interest received 1 1 1 +58.4% +103.2% Adjust : (c) Loan prepayment fee 0 0 11 N/A -100.0% Share of loss from investment in joint ventures (4) (2) (1) -186.1% -308.6% Gain (Loss) on tax (1) 4 4 N/A N/A 0 23 54 -98.9% -99.5% Normalized Net Profit Normalized Net Profit Margin (%) 0.0% 4.1% 9.2% (a) Gain (Loss) on exchange rate (11) (9) (5) -22.6% -136.8% (b) Cost incurred by temporary shutdown of kiln for maintenance (6) (8) (6) -27.7% -9.3% (c) Loan prepayment fee 0 0 (11) N/A N/A (d) Non-cash expenses (7) (15) (13) -55.2% -46.7% Net Profit (Loss) (23) (9) 20 -166.3% N/A Net Profit (Loss) Margin (%) (4.8%) (1.9%) 4.1% Earnings (Loss) per share (baht) (0.02) (0.01) 0.02 5

Chememan Analyst Presentation 3Q19 - EBITDA & Net Profit - Ratios Financial Highlights 1. Key Highlights of 3Q19 - Analysis by Product – Quicklime - Exchange rate 2. Financial Performance - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 3Q19 - Analysis by Products – Limestone - Progress Update – Thailand - Financial Highlights – 9M19 of 9M19 - Production Capacity - Progress Update – Overseas - Sales by Products - Balance Sheet - Domestic Vs International - Sources & Uses of Fund - Sales by Industries Unit : Million Baht 9M19 9M18 %YoY 1,757 1,831 -4.1% Sales Revenue Cost of Sales (not include depreciation & amortization) (1,058) (1,095) -3.4% Transportation cost (343) (314) +9.2% 355 422 -15.8% Gross Profit (net transportation cost and depreciation & amortization) Gross Profit Margin (net transportation cost and depreciation & amortization) (%) 25.1% 27.8% Other income 15 10 +46.4% (32) (25) +29.0% Selling expenses Administrative expenses (127) (112) +12.8% Gain (Loss) on exchange rate (25) 1 N/A Non-cash expenses 24 12 +105.8% EBITDA 210 307 -31.6% Adjust : (a) Gain (Loss) on exchange rate 25 (1) N/A Adjust : (b) Cost incurred by temporary shutdown of kiln for maintenance 15 6 +137.8% Normalized EBITDA 250 313 -20.0% Normalized EBITDA Margin (%) 14.2% 17.1% Depreciation & Amortization (152) (137) +10.7% Depreciation & Amortization – Cost of sales (140) (127) +10.4% Depreciation & Amortization – Administrative expenses (11) (10) +14.7% Finance costs (34) (49) -30.1% Interest received 3 2 +30.3% Adjust : (c) Loan prepayment fee 0 11 -100.0% Share of loss from investment in joint ventures (7) (3) -141.1% Gain (Loss) on tax 5 7 -18.3% Normalized Net Profit 65 143 -54.8% Normalized Net Profit Margin (%) 3.7% 7.8% (a) Gain (Loss) on exchange rate (25) 1 N/A (b) Cost incurred by temporary shutdown of kiln for maintenance (15) (6) +137.8% (c) Loan prepayment fee 0 (11) N/A (d) Non-cash expenses (24) (12) +105.8% Net Profit (Loss) 1 115 -99.3% Net Profit (Loss) Margin (%) 0.1% 7.6% 0.00 0.13 Earnings (Loss) per share (baht) 6

Chememan Analyst Presentation 3Q19 1. Key Highlights of 3Q19 Sales by - EBITDA & Net Profit - Ratios 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate - Financial Highlights – 3Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 9M19 - 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 998,822 1,831 1,757 898,938 160 205 283 192 532,933 385,661 72,515 47,098 365,612 647 329,368 1,388 324,733 1,360 305,350 597 588 592 612 584 303,842 59 561 268,855 39 69 51 256,461 62 97 71 65 98 60 207,502 89 107 63 146,939 167,187 68 147,813 90,909 158,244 440,763 418,792 105,421 25,684 24,243 13,850 22,588 16,174 26,147 17,074 491 483 459 438 434 449 427 152,262 153,551 148,330 141,936 134,949 128,525 124,893 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 9M18 9M19 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 9M18 9M19 Quicklime Hydrated Lime Limestone Quicklime Hydrated Lime Limestone 7

Chememan Analyst Presentation 3Q19 1. Key Highlights of 3Q19 Domestic Vs - EBITDA & Net Profit - Ratios 2. Financial Performance - Analysis by Product – Quicklime - Exchange rate - Financial Highlights – 3Q19 - Analysis by Product – Hydrated Lime 3. Project Progress Update - Financial Highlights – 9M19 - 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 1,831 998,822 1,757 898,938 30% 36% 60% 58% 365,612 647 612 329,368 588 597 592 324,733 584 303,842 305,350 561 256,461 28% 70% 268,855 33% 29% 33% 40% 64% 52% 64% 55% 60% 33% 62% 63% 58% 36% 40% 42% 72% 60% 71% 67% 67% 48% 67% 64% 42% 38% 45% 36% 40% 37% 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 9M18 9M19 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 9M18 9M19 Domestic International Domestic International 8