AGENDA I. BRR in Brief II. Operating Results Q 3 /2018 III. - PowerPoint PPT Presentation

AGENDA I. BRR in Brief II. Operating Results – Q 3 /2018 III. Sugar Situations IV. Investment Update V. Q&A น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

BRR IN BRIEF ➢ Pioneer of sugar factory in the Northeast ➢ Exceptional sugarcane field management system ➢ The nation’s Third highest sugar yield at 119 kg/ton, national average at 109 kg/ton. ➢ Strong ties with 13,000 contracted sugarcane growers ➢ Bio-energy & bio-product business development with growth potential 2 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

FACTORY LOCATION BRR 3 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

BRR IN BRIEF Cane fields within 40 km radius BSG 2016/17 2017/18 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

BUSINESS OVERVIEW Main Business Raw and brown sugar Molasses Processing in sugar mill Sugarcane 1 05 – 118 kg. 4 0 – 45 kg. By-product Business Bagasse Electricity Business 1 Ton 250 -260 kg. 111.6 - 116.1 kWh Filter Cake Fertilizer Business 30 - 35 kg. 40-50 kg. 5 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

COMPANY’S STRUCTURE Buriram Sugar Public Company Limited 99.99 % 99.99 % 99.99 % 99.99 % 99.99 % 99.99 % BSF BRD KBF BEC BPP CSF SEW Sugarcane Buriram Buriram Energy Key Brand Buriram Buriram Power Chamni Sugar Ecoware Sugar Factory Co., Ltd. Fertilizer Sugarcane Plus Co., Ltd. Factory Co., Ltd. Co., Ltd. Co., Ltd. Co., Ltd. Research and Development - 24,000 TCD Co., Ltd. Produce and Produce and Capacity: 9.9 MW - Produce raw, distribute of Sugarcane and New Sugar Mil l’s distribute bio- Feeding electricity Capacity: 9.9 MW VHP and refined organic fertilizer cane growers License degradable and stream to Sale : 8 MW sugar and and organic development products BSF molasse chemical fertilizer 99.99 % BPC Buriram Power Co., Ltd. Capacity: 9.9 MW Sale : 8 MW น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

SHAREHOLDERS STRUCTURE น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

EXECUTIVE STRUCTURE น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

AGENDA I. BRR in Brief II. Operating Results – Q 3 /2018 III. Sugar Situations IV. Investment Update V. Q&A น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

FINANCIAL STATEMENT ANALYSIS Unit: Million Baht Net profit decreased due to lower sugar price from world sugar surplus while Thai Baht has been weakened for a short period. 10 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

REVENUE BREAKDOWN 11 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

REVENUE FROM SUGAR Unit: Million Baht 12 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

REVENUE FROM ELECTRICITY AND FERTILIZER Unit: Million Baht 13 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

AGENDA I. BRR in Brief II. Operating Results – Q3/2018 III. Sugar Situations IV. Investment Update V. Q&A น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

CONTINUOUS GROWTH  YIELD  ACREAGE / CANE CROP Due to slight drought in some cane growing areas, cane volumes for 2018/19 might drop to 3 million MT. น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

CANE YIELD DEVELOPMENT Ton/Rai 16 15 14 12.5 13 12.17 12 10.90 11 10 9.45 9.45 9.15 9 8 7 6 5 15/16 16/17 17/18 National Ave BRR BRR cane yield is above national average by 19%, 28% and 41% in three crop years respectively and expects to generate higher cane yield year over year. น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

BRR PRODUCTION Cane, Sugar, Molasses and Bagasse Unit: Ton Area Year Cane Sugar* Molasses* * Bagasse*** (Rai) 2015/16 190,000 2,060,649 234,686 82,425 309,097 2016/17 200,000 2,212,736 247,848 86,337 331,910 2017 / 18 240,000 3,154,586 378,185 126,236 465,000 2018/19F 240,000 3,000,000 345,000 120,000 450,000 Remark: *Sugar Yield @ 115 kg / ton cane * *Molasses Yield @ 40 kg / ton cane *** Bagasse Yield @ 15 % of cane น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

MARKET SEGMENTS Domestic Sales 14% Foreign Sales 86% 100% 80% 60% 40% 20% 0% Retails Modern Trade น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

THAI SUGAR EXPORT – Jan/Aug 2018 Thai Export Raw: 4.12 million MT White: 421,272 MT Refined: 2.69 million MT Total: 7.24 million MT Export to Indonesia reached 2.7 million MT vs 1.8 million MT in 2017. Source: 1) AP Commodities 2) Thai Sugar Millers Corporation น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

Sugar Price : NY No. 11 March 19 (Dec 10, 2018) น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

Sugar Price : London No. 5 March 19 (Dec 10, 2018) น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

WORLD SUGAR SITUATION (1/2) Projection: Global Sugar Production Unit: Million Tons 2018/19 2019/20 Louis Dryfuss Balance na ISO + 2.1 - 2 F.O. Licht - 0.7 na Marex - 1.05 na Datagro - 1.58 na - EU ’ s beet has been reportedly decreased due to lower sugar price, expected sugar volumes for 2018/19 is around 17 million MT from 19 million MT in 2017/18. - Due to drought, India ’ s sugar production may reduce from previous forecast of 35 million MT to 30 million MT. น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

WORLD SUGAR SITUATION (2/2) Brazil intends to initiate consultations to open litigation against India in the  World Trade Organization (WTO). The Foreign Trade Chamber (Camex) decided in a meeting on Tuesday, December 11, 2018, according to information shared by the Minister of Agriculture, Blairo Maggi, in social networking groups. For 2018/19 crop year, Sugar mills in India struck export deals of around 1.2M  MT for the new season that began from October, industry officials said Tuesday. So far, mills have exported around 0.2M MT of raw sugar to various destinations. Indian sugar consignments have been contracted by Dubai- based Al Khaleej Sugar refinery and traders in neighboring nations such as Bangladesh and Sri Lanka India's sugar production could fall in 2019/20 as farmers are struggling to  plant cane because of a drought in two of the country's top producing states, according to multiple industry officials and traders. A drop in production would slash exports from the world's second-biggest sugar producer and support global prices that have fallen 15% so far in 2018. น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

ASEAN SUGAR TARIFF 2014 Singapore 0% Thailand 0% Malaysia 0% Sensitive Philippines • 2014 -10%, 2015 - 5% Highly sentitive Indonesia • 2014 - Raw 10%, Whites – 20% • 2015 - Raw 5%, Whites 10% Cambodia 5% • 2014 - Raw & Whites 5% Laos • 2015 - Raw & Whites 0% Sensitive Myanmar • 2015 - Raw & Whites 0-5% Vietnam 5% 24 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

Retail sugar prices in ASEAN: Thailand is the lowest Retail prices Thailand 17-18 Baht Laos 30-35 Baht Cambodia 30-35 Baht Vietnam 35-40 Baht Myanmar 30-35 Baht Indonesia 35-40 Baht Philippines 35-40 Baht 25 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

AGENDA I. BRR in Brief II. Operating Results – Q3/2018 III. Sugar Situations IV. Investment Update V. Q&A น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

Refinery Project ✓ Refinery Project to be completed in 2018/19 crop year. ✓ Capacity: 1,000 tons/day ✓ Estimated cost: 400 Million THB ✓ Products:  Refined Sugar  White Sugar น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

On Going Work: Refinery Project Modify existing machine น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

Bio-Degradable Package Project ✓ Company: Sugarcane Ecoware Co., Ltd. ✓ Project: Produce bio-degradable packages from bagasse ✓ Estimated investment Cost: 350 Million THB ✓ Current status & timing of project: 2018/19 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

On Going Work: Bio-Degradable Project Prepare for machinery setting. น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field

Two New Greenfield Licenses 1) Chamni Sugar Factory Co., Ltd. Crushing Capacity: 20,000 TCD Tambon Nongplong, Chamni District, Buriram Province 2) Buriram Sugar Public Company Limited Crushing Capacity: 20,000 TCD Tambon Nong Luang, Nonnarai District, Surin Province 31 น ้ำตำลสร้ำงในไร่ Sugar ar Made de in the Field