Company Presentation Opportunity Day 8 th June 2018 FORWARD LOOKING - PowerPoint PPT Presentation

Triton Holding Public Company Limited Company Presentation Opportunity Day – 8 th June 2018

FORWARD LOOKING STATEMENTS Statements included or incorporated in these materials that use the words “believe”, “anticipate”, “ estimate”, “target”, or “hope” , or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are “forward - looking statements” within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time forward-looking statements are made. TRITON undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. TRITON makes no representation whatsoever about the opinion or statements of analyst or other third party. TRITON does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content of the use of any such opinion or statement.

AGENDA • Introduction • 2017 – Q1 2018 Updates • Triton Holding • Splash Media • Strega

TRITON HOLDING INVESTMENT STRUCTURE Triton Holding Plc. Splash Media Plc. Strega Plc. 99.99% 84.21%

BOARD OF DIRECTORS General Lertrat Ratanavanich Pol.Gen. Werapong Chuenpagdee Miss Louise Taechaubol Chairman Deputy Chairman Director, Chairman of the Executive Directors, Chief Executive Officer Other positions Other positions Director, MFC Asset Management Plc. Special Advisor the Royal Thai Police, Government • • Other positions Vice Chairman, National Reform Committee for Chairman of the Board of Directors, Arinsiri Co., Ltd. • • Director, Chairman of the Board of Executive • Energy • Independent Director, Audit Committee, and Directors, and Chief Executive Officer Honorary Vice President of Athletic Association, chairman of the Good Corporate Governance • Director and Executive Director, Splash Media Plc. • Thailand Patron: His Majesty the King Committee, Country Group Holdings Plc. Mr. Natdanai Indrasukhsri Pol.Col. Kidanun Komkhum Mr. Adipong Puttarawigrom Chairman of the Audit Committee Director and Audit Committee Director and Audit Committee Other positions Other positions Independent Director, Audit Committee, • Other positions Treasurer of The Parent - Teacher of Patumwa • Nomination Committee, and Compensation Advisory Director, SSPP Capital Co., Ltd. • Demonstration School Association Committee, The Post Publishing Plc. • Advisory Director, Fresh Air Festival Co., Ltd. Accounting and Budgeting and General Staff of • Director and Executive Director, Siam City Insurance • Co-founder, Siam Silver Plus Partners Co., Ltd. • Royal Thai Police Lecturer of Accounting and Plc. Budgeting of Police Cadet Academy and the course of RTP Mr. Surabhon Kwunchaithunya Mr. Chanachai Joonjiraporn Mrs. Narumol Chattawan Director and Executive Director Director and Audit Committee Director, Executive Director and Chief Financial Officer Other positions Other positions Director and Chief Executive Officer, AEC Securities • Chairperson, Country Group Securities Plc. • Work experiences Public Company Limited Vice Chairperson, Country Group Holdings Plc. • Executive Vice President Accounting and Acting • Director, Executive Director, Chairman of the Director and Independent Director, Industrial and • • Senior Executive Vice President Financial & Commercial Bank of China (Thai) Plc. Nomination and Remuneration Committee and Accounting, The International Plc. (IEC) Member of the Good Corporate Governance Committee, MFC Asset Management Plc. Mr. Pipat Suvanajata Pol.Maj.Gen. Ittipol Ittisarnronnachai Dr. Boonlue Prasertsopar Director and Executive Director Director Director Work experiences Other positions Other positions Vice President Attached to Chief Operation Officer, • • Independent Director, Member of the Audit Deputy Commander, Investigation Division, • Downstream Petroleum Business Group, PTT Plc. Committee and Member of the Nomination & Immigration Bureau The Royal Thai Police, Managing Director, PTT International Trading Plc. Remuneration Committee, MFC Asset Management • Government Plc. Independent Director Country Group Development • Association President, Faculty of Environment and • Plc. Resource Studied, Mahidol University - Director, BV. Modern Co., Ltd.

MANAGEMENT TEAM Miss Louise Taechaubol Mr. Pipat Suvanajata Mrs. Pensri Suebsuwong Chief Executive Officer Chief Executive Officer Human Resource Triton Holding Plc. Director Mr. Chonlatee Sombatmak Mr. Surabhon Mr. Asoke Karnasuta Kwunchaithunya Project Director Business Development Deputy Chief Executive Manager Officer Triton Holding Plc. Mr. Adisorn Kheawsomboon Mrs. Narumol Chattawan Mrs. Natthavadee Chief Financial Officer Project Control Anananuchatkul Procurement Manager Triton Holding Plc.

HIGHER PERFORMANCE AND QUICK TURNAROUND Consolidated Revenue and Revenue Breakdown Million Baht Triton 1000 859.99 Splash 500 Strega 250 148.69 113.57 95.73 84.68 29.2 6.71 3.9 0 2015 2016 2017 2018F Million Baht Net Profit (MB) 250 150 27.88 75.5 65.5 50 18.45 3.1 -28.8 -38 -50 -77.43 -150.4 -150 -198.1 -243.7 -250 -334.7 -350 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1

2017 - Q1 2018 MILESTONES AND UPDATES STREGA SPLASH MEDIA • January 2017: Award and Signing of • March 2017: 10 year agreement of 8 NFPT Project 3,300 billion (as main billboards Ratchada Night Bazaar contractor) • April 2017: Closure of broadcasting • October 2017: EIA NFPT Pass Date and TV advertising • October 2017: PTTGC Project Award Phase 1 57 million (as main contractor TRITON HOLDING and on vendor list) • November 2017: NFPT Beginning of • March 2018: construction • Application to change to construction • November 2017: Award FPT Booster • Merge of Board member & Pump 216 million (as main contractor) management of Strega and Triton • March 2018: NFPT Additional HDD 47km • Reduced retained losses 420million and Rock Conditions work variation estimation 100 million • Warrant declaration

2017 TO 2018 TURNAROUND Summary of 2017 2018 Looking forward • 2017 Management and Board of Directors Up • To position TRITON for a turnaround haul year in 2018 onwards. • 2017 Write off and Impairment of all ongoing • Focusing on creating shareholder legal disputes returns • Year End 2017 total reduction in operating cost of 27.68 % a year in TRITON and its subsidiaries • Strategy, execution and passion to • Increased Backlog of Strega from 80 million drive results Baht to 4.3 billion Baht • Diminish all retained losses • Closure of non performing subsidiaries such as TV production and broadcasting of Splash • Bids for mega projects Media • Strega changed from HDD specialist to EPCM company, once a subcontractor to main contractor position for most awards received in 2017

HISTORICAL STOCK PRICE MOVEMENT Million Baht Par Baht 250 1.5 Net Profit Stock Price 150 50 1 -50 0.51 0.5 0.48 0.5 -150 0.33 0.33 0.3 0.29 0.2 0.14 -250 0.1 0.08 0 -350 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 Net Profit (MB) 75.5 -243.7 -28.8 -150.4 -198.1 3.1 65.5 -77.43 18.45 -334.7 -38 27.88

FINANCIAL PERFORMANCE 2017 – 2018 Q1 Million Baht 940.14 950 Q1 Q2 Q3 Q4 Q1 750 2017 2017 2017 2017 2018 566.84 550 51.56 140.79 203.26 566.84 940.14 Revenue Revenue Net Profit 350 Gross 18.31 13.37 22.97 38.96 53.21 Profit 203.26 140.79 150 51.56 Net 27.88 (24.73) (13.24) (7.97) 7.13 27.88 7.13 profit -50 -7.97 -13.24 -24.73 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018

• 80 billboards in BKK and Outer skirts of Bangkok • Out of Home Advertisement Market remains strong. The Market Value of OOH has grown 23% year on year to 10.5 billion Baht with billboards accounting 5.13 billion (increase of 34% from the previous year) • High exposure and exceptional located billboards • Consistent Income generating source for the company REVENUE Million Baht 200 Consistent Income Generation 148.69 Source for the Company 150 95.73 84.68 100 69.82 63.67 50 0 2013 2014 2015 2016 2017 2018F

SPLASH MEDIA COMPETITOR ANALYSIS OOH Market Share Ranked by Media Industry Market Outlook Revenue (THB mn) 1. Mergers between media companies to form a larger PLANB conglomerate to take advantage of economies of scale. AQUA 2. Movement towards Digital Media in the last few years 1,000 86 1,465 VGI however end users are becoming confused and MACO 355 bombarded with too much information. SPLASH 405 622 TSF 3. OOH is still one of the most effective ways to market and OTHER stagnant billboards are still effective as it creates a certainty and memory for end users. 2,963 SPLASH and the industry A niche company providing only OOH rental space in the industry. • Unaffected by larger companies as billboard location are in prime • areas with most being billboards of large size and over 10 years. Continue to provide consistent income for the company. • Future Outlook: Possible merge with larger group •