Opportunity Day August 23, 2019 Agenda Business Update Financial - PowerPoint PPT Presentation

SISB PUBLIC COMPANY LIMITED Opportunity Day August 23, 2019

Agenda Business Update Financial Summary Q&A 2

Business Update 3

Corporate Structure Founder (Group of parents) Public (IPO) 27.7% 72.3% Outstanding shares: 940 M. Shares Trademark License* License* License* License* 50% 1) Singapore 3) Singapore 4) Singapore 2) Singapore SISB SIRI Co., Ltd. International International International International School (Paid-up Capital Baht School of Bangkok School Thonburi School Ekkamai Suvarnabhumi 130M) (Joint Venture) License* 5) Singapore International School Chiangmai * Licenses are under Thailand - Private School Act B.E. 2550 4

Education Pathway International Baccalaureate Cambridge International OR Diploma Programme (IBDP) AS/A Level Examination Sixth Form School [Age 16-18 / G11-12] Cambridge International Singapore International Child-Center General Certificate of Primary School Assessment Secondary Education Examination (iPSLE) (IGCSE) Pre School Primary School Secondary School [Age 2-6 / N-K] [Age 6-12 / P1-P6] [Age12-16 / G7-G10] 5

School Building – Renovation 6

7

Financial Summary 8

Financial Performance Unit : THB Million 2Q18 1Q19 2Q19 YoY% QoQ% 6M18 6M19 YoY% FY18 Total revenues 226.92 268.64 272.39 +20.0% +1.4% 452.98 541.03 +19.4% 947.35 +29.2% -2.2% +30.8% GP 83.12 109.82 107.43 166.04 217.25 365.28 +40.6% +16.5% +33.8% EBITDA 60.91 73.53 85.66 118.95 159.19 257.06 +150.2% +22.6% +116.3% Net Profit 20.80 42.46 52.04 43.69 94.50 103.52 +3.5% -1.3% +4.2% %GP 37.3% 42.1% 40.8% 37.2% 41.4% 39.2% %EBITDA Margin 26.8% 27.4% 31.4% +4.6% +4.1% 26.3% 29.4% +3.2% 27.1% %Net Profit 9.2% 15.8% 19.1% +9.9% +3.3% 9.6% 17.5% +7.8% 10.9% 9

Financial Performance Total revenues Tuition fees and Service income Million Baht Million Baht 947.4 924.0 1000 1000 23.4 48.6 730.8 746.3 ▲ YoY = 20.04%, ▲ QoQ = 1.40% 800 800 15.5 35.6 608.6 597.6 541.0 600 520.3 27.2 600 11.0 442.2 453.0 20.7 26.8 924.0 875.4 10.8 22.4 400 400 258.7 730.8 268.6 272.4 695.3 261.6 220.9 226.9 597.6 570.5 14.1 9.9 10.8 12.7 520.3 493.5 11.4 6.0 442.2 419.8 200 200 258.7 261.6 247.4 246.0 220.9 209.5 0 0 Y2016 Y2017 Y2018 6M-2018 6M-2019 Q2-2018 Q1-2019 Q2-2019 Y2016 Y2017 Y2018 6M-2018 6M-2019 Q2-2018 Q1-2019 Q2-2019 Tuition fees income Application and enrolment fee incomes Tuition fees and services income Education equipment and other income Number of Students (SISB as a school license holder) 100% Number of Students 4.5% 4.9% 4.9% 5.3% 5.1% 5.2% 5.2% 5.4% ▲ YoY = 9.75%, ▲ QoQ = 6.89% 2,500 80% 2,000 60% 1,500 95.5% 95.1% 94.7% 94.9% 94.8% 94.8% 95.1% 94.6% 2,375 40% 2,222 2,222 2,164 1,000 1,977 1,705 20% 500 0% 0 Y2016 Y2017 Y2018 6M-2018 6M-2019 Q2-2018 Q1-2019 Q2-2019 Dec-16 Dec-17 Dec-18 Jun-18 Dec-18 Jun-19 Tuition fees income Application and enrolment fee incomes

Financial Performance Administrative expenses Tuition and service cost and Gross Profit Margin Million Baht Million Baht 0 41.4% 42.1% 40.8% 39.2% 39.2% 750 300 37.2% 37.3% 27.7% 26.0% 26.3% 25.2% 25.3% 23.9% 23.8% 22.9% 33.4% 250 567.2 0 491.4 500 200 193.2 366.7 166.4 150 307.1 88.6 280.1 0 100.1 250 100 155.9 94.0 151.2 139.8 51.4 48.7 50 47.9 278.1 324.9 374.0 186.1 207.0 104.5 102.5 158.4 196.6 238.7 108.5 136.7 53.9 74.3 62.4 91.9 0 0 0 Y2016 Y2017 Y2018 6M-2018 6M-2019 Q2-2018 Q1-2019 Q2 2019 Y2016 Y2017 Y2018 6M 2018 6M 2019 Q2 2018 Q1 2019 Q2 2019 Cost of Education Cost of Building Management Gross Margin (%) Administrative expenses Administrative expenses to total revenue Net profit and Net profit margin EBITDA vs EBITDA Margin Million Baht Million Baht 120 300 25% 40.0% 31.4% 19.1% 29.4% 17.5% 27.1% 27.4% 26.8% 26.3% 15.8% 100 20% 250 30.0% 20.1% 20.0% 11.5% 10.9% 15% 9.6% 80 200 9.2% 20.0% 10% 60 150 10.0% 2.4% 5% 40 100 0.0% 0% 20 50 -10.0% -5% 69.8 17.9 103.5 43.7 94.5 20.8 42.5 52.0 122.1 149.3 257.1 119.0 159.2 60.9 73.5 85.7 0 0 -10% -20.0% Y2016 Y2017 Y2018 6M-2018 6M-2019 Q2-2018 Q1-2019 Q2-2019 Y2016 Y2017 Y2018 6M 2018 6M 2019 Q2 2018 Q1 2019 Q2 2019 Net profit Net profit margin (%) EBITDA EBITDA Margin (%)

Financial Position Total Liabilities Total Assets Million Baht Million Baht 2,854.0 2,000 3,000 2,425.3 1,538.0 2,500 1,600 1,072.5 1,280.6 213.3 672.1 1,161.5 1,725.1 2,000 1,200 1,469.1 298.6 219.8 827.3 367.3 432.0 262.2 1,500 75.6 779.0 149.0 800 67.9 214.1 550.0 1,000 1,429.7 1,385.9 1,349.6 1,252.2 400 500 432.0 545.7 613.2 899.3 0 0 Y2016 Y2017 Y2018 Q2-2019 Y2016 Y2017 Y2018 Q2-2019 Deferred income Total loans Other liabilities Property, plant and equipment Cash and cash equivalents Other assets Debt to Equity Ratio Total Shareholders' Equity Million Baht Times 10.0 2,000 8.2 1,692.5 1,598.0 8.0 1,600 6.8 6.0 1,200 4.2 4.0 2.9 800 2.0 400 0.7 188.6 187.1 0.5 0.0 0.0 0.0 0 Y2016 Y2017 Y2018 Q2-2019 Y2016 Y2017 Y2018 Q2-2019 Debt to equity ratio 12 Interest bearing debt to equity ratio

Seats Capacity and Utilisation Capacity Seats School Utilisation Seat Number of Students 5,000 4,175 4,175 4,500 155 155 4,000 4,175 4,175 3,120 900 900 4,000 3,000 310 310 310 2,150 2,150 640 640 640 2,000 640 640 3,500 3,120 1,000 3,000 1,510 1,510 2,170 2,170 2,170 - Y2015 Y2016 Y2017 Y2018 Q2-2019 2,500 SISB-PU SISB-SV SISB-CM SISB-TR SISB-EK 2,150 2,150 Number of Students 2,000 Number of Students 3,000 2,539 1,500 2,369 2,500 86 2,539 2,061 2,369 87 (60.8%) 558 (56.7%) - 2,061 84 2,000 1,705 478 1,000 1,532 164 (66.1%) 262 1,705 147 - 1,532 286 - 1,500 288 (79.3%) 239 275 (71.3%) 1,000 500 500 1,293 1,419 1,715 1,382 1,443 - - Y2015 Y2016 Y2017 Y2018 Q2-2019 Y2015 Y2016 Y2017 Y2018 Q2-2019 SISB-PU SISB-SV SISB-CM SISB-TR SISB-EK Seats Capacity Number of Students 13

Number of Students and Education Personnel (30 Jun 2019) Nursery - Kindergarten Nursery - Kindergarten 999 students : 42.2% 1,153 students : 45.4% Primary School Primary School Number of Students Dec 31, 2018 1,101 students : 43.4% 1,075 students : 45.4% Jun 30, 2019 by Grade 2,369 2,539 Secondary School Secondary School as at December 2018 students students Grade 7 - 10 Grade 7 - 10 and June 2019 255 Students : 10.8% 251 students : 9.9% Sixth form School Sixth form School Grade 11 - 12 Grade 11 - 12 40 students : 1.7% 34 students : 1.3% Thai student Thai student Number of Students Dec 31, 2018 2,019 students : 85.2% Jun 30, 2019 By Nationality 2,145 students : 84.5% 2,369 2,539 as at December 2018 students Foreign student Foreign student students and June 2019 350 students : 14.8% 394 students : 15.5% Teachers Teachers 280 persons 290 persons Number of Education Jun 30, 2019 Dec 31, 2018 Personnel Teachers Assistants 444 429 Teachers Assistants 149 persons as at December 2018 persons persons 154 persons and June 2019 14

Q&A 15

Disclaimer The information contained in our presentation is intended solely for your personal reference only. Please do not circulate this material. If you are not an intended recipient, you must not read, disclose, copy, retain, distribute or take any action in reliance upon it. In addition, such information contains projections and forward-looking statements that reflect our current views with respect to future events, financial performance and result of SIS B’s activities. These views are based on assumptions subject to various risks and uncertainties. No assurance is given that future events will occur, that projections will be achieved, or that our assumptions are correct. Actual results may differ materially from those projected. The information contained in this presentation is subject to change without notice and SISB does 16 not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.