Corporate Presentation June 2017 1 Overview of Sahakol Equipment - PowerPoint PPT Presentation

Corporate Presentation June 2017 1

Overview of Sahakol Equipment Public Company Limited (“SQ”) The leading mining contractor with well-established track record in Thailand and Laos  The first Thai open-pit lignite mining contractor in 1983  Integrated mining service company focusing on mega mining projects including mine planning Our Business and logistic solutions, open pit mining operation, heavy duty machine leasing, rental and maintenance services  Highly experienced management and operational team with over 30 years of experiences Our Team  Over 1,000 staff including over 45 engineers  Thailand: Mae Moh Phase 7 and 8 Our Operation  Laos: Hongsa Mine Phase D Myanmar : Henda Tin Mine (Q4/2017)  Secured backlog with remaining project value of THB 37 , 572 million for the next 10 Our Backlog years (as of March 2017)  Sirison Family (Management): 28.4% Our Shareholders  Areekul Family: 18.2%  Others: 53.4% 2

Most Competitive Player in a Favorable Market 1 Long-term prospect for coal mining for national power supply based on PDP 2015 Mining Contractor is a Favorable Niche Market ! - Market Size: > 120,000 Million Baht - Only 2 Notable Players - High Barrier to Entry - Need Large Capital Investment - Need Proven Track Records and Mining Specialists Teams 3

Stable Revenue via Long-Term Contract with Credible Sponsors 2 Long-term contract commitments with transparent price structure provide stable and recurring revenue for coming years Stable Revenue Improving EBITDA Margin THB mm MM7 & 7/1 MM8 Hongsa Others THB mm %EBITDA % EBITDA (RHS) EBITDA 1,600 50% 2,891 1,810 1,898 1,400 40% 25 3,000 40% 37% 1,614 1,200 34% 34% 34% 1,868 1,169 2,500 897 1,000 30% 30 56 2,000 74 800 146 683 29 648 613 247 1,500 731 20% 557 600 1,000 400 1,841 1,736 1,585 10% 1,445 1,238 500 200 0 0% 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 4

Stable Revenue via Long-Term Contract with Credible Sponsors 2 Highly Visible Backlog with over THB 37 bn for the Next 10Years THB.m 40,000 Y 2017-2024 Y 2016-2025 35,000 3,672 30,000 25,000 21,281 20,000 37,572 Y 2015-2026 15,000 10,000 Y 2009-2020 10,541 5,000 0 2,079 MM7 Hongsa (Lao PDR) MM8 Tin mine Total as of Q1/2017 5

Stable Revenue via Long-Term Contract with Credible Sponsors 2 Credible Counterparties Supported by Respective Government Highly credible sponsor • Thai’s State Owned Enterprise (SOE) that is responsible for national power generation • Highest revenue among non-listed Thailand SOEs • Similar credit rating to Thailand by S&P Hongsa Power shareholders are: • Banpu Power which is held by BANPU (Thai listed company) • RATCH subsidiary of EGAT • Lao Holding State Enterprise Laos (LHSE) a state owned enterprise solely owned by Lao’s government, represented by Lao’s Ministry of Finance SOE/ Government Related Entities 6

Highly Experienced Management and Operational Team with 3 Proven Track Record Management and Operational Team with Extensive Experiences in Mining Industry Mr. Somboon Maneenawa Mr. Ouychai Klaitubtim Chairman of the Board Mae Moh Director • Past experience: • Over 40 years of experience in mining industry − EGAT Governor (1992-1995) Mr. Nopphan Muangkote Mr. Jaturaporn Boonyasatit Chairman of Executive Committee Executive Committee member • D irector at International Business Lawyers Co., Ltd. and PF • Over 45 years of experience in mining industry Controls Group Ltd (Present) • Over 35 years of experience with SQ • Independent Director at AEONTS, AMATA and Charoensin Property Co., Ltd. (Present) Mr. Sarin Wannalee Executive Committee member Mr. Sasavat Sirison • Over 29 years of experience with SQ Chief Executive Officer • Over 35 years of experience in mining industry • Over 28 years of experience with SQ Mr. Vitoon Chinwanichai Hongsa Director Mr. Vitavat Sirison • Over 30 years of experience in mining industry Chief Operation Officer • Over 23 years of experience with SQ Mr. Chatree Keatkongkeaw Project manager Mr. Pavat Sirison • Over 29 years of experience in mining industry Chief supply chain manager • Over 19 years of experience with SQ • Over 10 years of experience with SQ Mr. Pornpong Chaijaroen Mr. Kavit Sirison Project manager Chief Financial Officer • Over 26 years of experience in mining industry • Director of Microfinance Strategy Development department at Ministry of Finance (2010-2012) 7

Promising Growth From Continuing Projects 4 High visibility of future project in existing territories There are continuing projects for sites that SQ currently operates in (i.e. Mae Moh mine and Hongsa mine) which are visible projects SQ targets to bid Hongsa Mine Mae Moh Mine Project Project Year Total Production Project Bidding Year Total Production  Phase 9 2019 – 2030 467 m BCM  Phase G 2019 190 m BCM Approx.  Phase 10 2026 – 2037 460 m BCM 8

Mining Market Value Customers Estimated Market Value (MB.) Existing Customers - EGAT ( Mae Moh) > 120,000 Million baht - BPP ( Hongsa Power) New Projects - Myanmar Tin (Dawei) > 50,000 Million Baht - New Mining Projects in Thailand, Myanmar, Laos etc. 9

Backlog Overview 10

Backlog Overview THB.m 40,000 Y 2017-2024 Y 2016-2025 35,000 3,672 30,000 25,000 21,281 20,000 37,572 Y 2015-2026 15,000 10,000 10,541 5,000 0 2,079 MM7 Hongsa (Lao PDR) MM8 Tin mine Total as of Q1/2017 11

Mae Moh 7 Backlog Mae Moh 7 Mae Moh 8 Hongsa Project Contract Counter Parties : EGAT / ITD-SQ November 2008 – April 2020 Project Duration : SQ’s Backlog (end of 2016) SQ’s Backlog (end of Q1/2017) Contract Contract Value Scope of Works Volume (THB mm) Volume Value (THB mm) Volume Value (THB mm) Job 1 Soil excavation and transportation 365.0 m.BCM 18,602 42.7 m.BCM 1,981 38.0m.BCM 1,753 Job 2 Coal excavation and transportation 50.0 m.tons 2,463 5.0 m.tons 243 5.0 m.tons 232 Job 3 Soil transportation (excavation by EGAT) 40.0 m.BCM 842 - m.BCM 99 - m.BCM 94 21,906 2,323 2,079 Job 1: Soil excavation (m.BCM) Cumulative Actual 400 Backlog 133.7 150 200 365 38.0 98 100 0 Total Performed Joint Operation 50 95.7 95.7 prior to 2012 (Full scope) 91.0 69.2 41.4 27.0 13.7 0 Job 2: Coal excavation (m.tons) 2012 2013 2014 2015 2016 Q1/2017 Backlog 60 20 Cumulative Actual 16.8 40 15 50 5.0 Backlog 20 11 10 0 Total Performed Joint Operation 11.8 11.8 11.8 5 10.0 7.6 prior to 2012 (Full scope) 5.4 2.7 0 Job 3: Soil excavation by EGAT (m.BCM) 2012 2013 2014 2015 2016 Q1/2017 Backlog 15 60 Cumulative Actual 40 10 Backlog 8.3 0.0 20 40 5 5 8.3 - None - 8.3 7.1 0 0.4 3.6 Total Performed Joint Operation 0 12 prior to 2012 (Full scope) 2012 2013 2014 2015 2016 Backlog

Mae Moh 8 Backlog Mae Moh 7 Mae Moh 8 Hongsa Project Contract Counter Parties : EGAT / SQ January 2016 – December 2025 Project Duration : SQ’s Backlog (end of 2016) SQ’s Backlog (end of Q1/2017) Contract Contract Value Scope of Works Volume (THB mm) Volume Value (THB mm) Volume Value (THB mm) Job 1 Soil excavation and transportation 375.0 m.BCM 21,641 365.4 m.BCM 20,598 361.0 m.BCM 20,051 Job 2 Coal excavation and transportation 31.0 m.tons 1,230 31.0 m.tons 1,230 31.0 m.tons 1,230 22,871 21,828 21,281 Job 1: Soil excavation (m.BCM) Job 2: Coal excavation (m.tons) Cumulative Planned Cumulative Planned Cumulative Actual / Backlog Backlog Cumulative Actual 361.0 31.0 9.6 14.0 1.4 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1/2017 Backlog Backlog 13

Hongsa Project Overview Mae Moh 7 Mae Moh 8 Hongsa Project Hongsa Power Plant Hongsa Mine Planning Dumping Area Mining Area Dumping Area Existing Capacity Installed Utilized Capacity Capacity (MW) (MW) 1 626 551 626 551 2 3 626 551 Total Coal Resource : Approx. 577.4 m.tons Total 1,878 MW 1,653 MW Potential Future Projects : Coal Usage : approx. 14 m.tons/ year • During 25 years of its concession, Hongsa Power (HPC) requires services for the excavation of soil and coal of 1,250 m.BCM and 370.8 m.tons, respectively • Of which, the excavation of 437 m.BCM soil and 205.6 m.tons coal are yet being awarded. 14

Hongsa Project Backlog Mae Moh 7 Mae Moh 8 Hongsa Project Contract Counter Parties : HPC / SQ June 2015 – December 2026 Project Duration : SQ’s Backlog (end of 2016) SQ’s Backlog (end of Q1/2017) Contract Contract Value Scope of Works Volume (THB mm) Volume Value (THB mm) Volume Value (THB mm) Job 1 Soil excavation and transportation 207.0 m.BCM 8,481 186.5 m.BCM 7,624 182.9 m.BCM 7,447 Job 2 Coal excavation and transportation 82.5 m.tons 3,262 79.6 m.tons 3,140 78.7 m.tons 3,094 11,743 10,764 10,541 Job 1: Soil excavation (m.BCM) Job 2: Coal excavation (m.tons) Cumulative Planned Cumulative Planned Cumulative Actual Cumulative Actual Backlog Backlog 182.9 78.7 24.1 20.5 6.0 2.9 3.8 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1/2017 Backlog 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1/2017 Backlog 15

Financial Highlights 16