Opportunity Day 2018 Results 1 March 2019 Your Ultimate Solution - PowerPoint PPT Presentation

Opportunity Day 2018 Results 1 March 2019 Your Ultimate Solution Partner in Utilities & Power with Environmental Care

Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in WHA Utilities & Power Public Company Limited ( “WHAUP ” and shares WHAUP, “ shares ”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. In addition, this presentation contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results may differ from those forecast and projected or in the forward-looking statements as a result of various factors and assumptions. 2

Agenda I. Company Profile Utilities Business II. III. Power Business Operating Performance IV. V. Performance Highlight Financial Information VI. VII. Outlook 2019B VIII Appendix 3

I. Company Profile Vision & Mission VISION “To be Asia's leader in Utilities and Power providing total solutions to partners with good corporate governance as well as environmentally and socially friendly operations” MISSION • To develop world class utilities and power solutions fitting customer's needs • To vertically integrate solutions in utilities and power businesses and expand market segment in Thailand and CLMV (Asia) • To continuously develop Human Resources competencies • To nurture an innovative culture in the organization • To add value to communities and the environment with good corporate governance and sustainable development strategies 4

I. Company Profile WHAUP is the Flagship Company in Utilities and Power Business of WHA Group  #1 Logistics developers  #1 Industrial Estate  To be one-stop service  Exclusive utilities provider Developer for Data Center developer in the industrial estates  Built-to-Suit (BTSW): and provider by way of with high margin products  Existing 9 operating and 3 World-class standard business collaboration and steady growth warehouses and factories developing IEs in with reputable partners strategic cluster to serve  Active power investor with  Built-to-Suit (BTSF):  Be part of the key sectors in Thailand - strategic partnership with Premium quality factories total of 48,624 rais Government Initiative to reputable partners. for tenants with specific promote digital economy  Net sellable area approx. requirements  552 Operational Equity 11,235 rais consisting of MW* and growing to 570  Warehouse Farm: 7,475 rais of operating IE Equity MW by 2019 from Combination of Built-to- and 3,759 rais developing under construction and in Suit and Ready-Built IE pipeline. Projects at the same site  Ready-Built factory and  Built-to-Own warehouse in IEs and (BTO):Warehouse or logistic park factory customized to client’s special needs  Potential geographical then transfer the asset to expansion in cross-border the client provinces and overseas investment  Built-to-Suit Office: Offices that are customized to customers’ specific requirements i.e. Multi-purpose offices Remark * As of February 2019 5

I. Company Profile Business Overview Utilities Business Power Business Sole provider of utilities to manufacturers/ factories in leading Active power investor with strategic partnership with leading Thai industrial estates with a concrete plan to capture increasing and international power companies demand from heavy users and expand outside i.e. other IEs, non-IE area and international 521 Installed Equity MW HE Raw Water Industrial Water Conventional SIE 105 3 - Process water 486 - Clarified water Installed Million M 3 Equity MW 2018 Renewable Wastewater Treatment 100 Million M 3 2017 2017 2018 Natural Gas Reclaimed Water 6

Agenda I. Company Profile Utilities Business II. III. Power Business Operating Performance IV. V. Performance Highlight Financial Information VI. VII. Outlook 2019B VIII Appendix 7

II. Utilities Business Utilities Business Overview  One of the largest industrial utilities providers in Thailand  Excellent track record in providing comprehensive utilities service  Exclusive right for all existing and future WHA ID’s Estates in Thailand and CLMV  Strong base of industrial users in various sectors and opportunity to capture non-industrial users Product/ Service Provided Supplier Water Production 1 Raw Water WHAUP secures 80% of raw water  Supply and distributes raw water to from EASTW for its industrial water factories in the industrial estates. production via IEs  Main customers: Power Industry 1 2 Industrial Industrial Water WHAUP WHAUP 3 Users 2  Produces and distributes process and clarified water to supply industrial users in the industrial 700 International and Thai Corporate Customers estates Royal Irrigation  Main customers : Petrochemical Department (“RID”) Industry 3 Wastewater Management  Collect and provide wastewater treatment services to factories in the industrial estates IE’s Reservoir  Main customers : Petrochemical, Automotive, and Power Industry Currently supply via IEs of WHA ID 8

II. Utilities Business Assets Location WHAUP’s exclusive rights to operate and provide utilities services to customers cover all WHA ID’s Industrial Estates. Currently, WHAUP provides utilities services to 9 operating IEs plus 3 developing IEs in the future. 1 WHA Chonburi Industrial Estate 1 (WHA CIE 1) 2 WHA Chonburi Industrial Estate 2 (WHA CIE 2) 3 WHA Eastern Seaboard Industrial Estate 1 (WHA ESIE 1) 4 Easter Seaboard Industrial Estate (ESIE) 5 WHA Eastern Industrial Estate (Map Ta Phut) (WHA EIE) 6 WHA Saraburi Industrial Land (WHA SIL) 7 WHA Rayong Industrial Land (WHA RIL) 8 WHA Eastern Seaboard Industrial Estate 2 (WHA ESIE2) 9 WHA Eastern Seaboard Industrial Estate 4 (WHA ESIE4) 9

II. Utilities Business Industry Overview – Water Demand Forecasted Demand for Water Proportion of Water Demand • Demand for water in Thailand for the next 20 years increases at the rate of 93% 0.5% CAGR • Agriculture sector reduce its proportion from 90% to 85% while municipal and Agricultural 8% industrial proportion strongly grow to reach 5% and 4% respectively North 5% 25% Industrial Northeastern 6% 2017 2036F EEC 2% Household 131,440 million m 3 144,062 million m 3 9% West • In 2014, Eastern part of Thailand total water 11% usage ranked 4 th with water demand of nearly Agricultural Agricultural East 19% 10,000 million m 3 85% 90% Central • However, when comparing water demand to total area, eastern part ranked 2 nd after 28% Southern part of Thailand South • Emphasizing on EEC area, proportion of water Ecosystem demand from Industrial sector ranked 1 st Ecosystem Industrial Industrial 5% comparing to other part of Thailand 4% 2% 4% Municipal Municipal Service Service 2% Industrial Water Consumption 5% 1% 2% 20,000 Food industry demand for water the most at 12 m 3 per rai per day • million m 3 /year Industry that demand less water is wood industry with 3 m 3 per rai per day • 15,000 7,250 m 3 /Rai/Day 10,000 12 2,797 2,009 8 8 5,000 7 1,937 6 5,506 5 5 2,877 4 4 0 3 2017 2036F Industrial Service Municipal Paper Wood Outdoor Metal Textile Accessory Other Chemical Unmetal Food Industrial Municipal Service CAGR 7.0% CAGR 2.0% CAGR 4.0% 10