Performance 2Q19 2Q18 YoY% 1Q19 QoQ% Unit: MB Loan Receivables - PowerPoint PPT Presentation

Performance 2Q19 2Q18 YoY% 1Q19 QoQ% Unit: MB Loan Receivables 54,421 41,469 31.23% 50,592 7.57% Total Revenue 3,071 2,536 21.09% 2,857 7.49% Net Profit 1,021 912 11.95% 1,005 1.59% Net Profit Margin 33.27% 35.96% 35.17% 2015 2016 2017 2018 1H18 1H19 HoH% Loan Receivables 12,630 23,541 35,622 48,047 41,469 54,421 31.23% Total Revenue 2,559 4,471 7,470 10,417 4,884 5,928 21.37% Net Profit 825 1,464 2,501 3,713 1,746 2,026 16.04% Net Profit Margin 32.24% 32.74% 33.47% 35.64% 35.75% 34.19%

MTC.BK on Stock Exchange of Thailand Muangthai Capital PLC www.muangthaicap.com Key Statistics 52-wk Hi/Lo 57.75/32.25 2,210 Share Outstanding (mil.) Market Cap (mil.) 119,780THB Boards 30.83 P/E Ratio Chairman of the Board/ Apichart Pengsritong 9.00 P/BV Ratio Independent Director 15% Dividend Chuchat Petaumpai Director Daonapa Petampai Director About Company Suksit Petampai Director Kongkeaw Piamduaytham Independent Director Muangthai Capital PLC operates as a Nongnuch Dawasuwan Independent Director microfinance service company, providing retail Kampol Tatiyakavee Independent Director loan products such as vehicle title loan, land title loan, personal loan under BOT’s licenses Yodhin Anavil Independent Director and regulations. Executives Address Chuchat Petaumpai 32/1 Charansanitwong Road, Bangor, Bangplad, CEO Bangkok, 10700 Thailand Daonapa Petampai Phone Managing Director 66-2-0881033

Loan Receivables classified by collateral of Loan Proportion of Loan Receivables as of Jun, 3 0 2019 Million Baht Land Personal Loan 9.53% 5,314 60,000 10.62% 4,967 Tractor 2,216 4.40% 5,187 4,898 1,013 6,631 5,780 5,296 40,000 4,925 Nano 2,391 4,921 2,170 2,081 451 2,844 9.76% 111 17,404 2,583 1,733 16,105 15,394 252 1,037 20,000 11,671 340 1,136 538 Car Motorcycle 7,779 18,345 16,800 17,156 31.98% 3,862 13,440 33.71% 10,555 7,526 0 2015 2016 2017 2018 1Q19 2Q19 Motorcycle Car Agricultural Vehicle Personal Loan Land Nano Remark: 1 Q2019 Loan Receivable Classified by Collateral of Loan Restatement Loan Receivables and No. of Branches Loan Receivables per Branch 20 3,739 14.69 14.56 3,444 14.65 14.38 14.35 60,000 4,000 14.41 14.09 3,279 14.24 13.43 13.65 50,000 3,000 2,424 54,421 40,000 10 50,592 1,664 48,047 30,000 2,000 35,622 940 20,000 23,541 1,000 10,000 12,630 0 - 0 2015 2016 2017 2018 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2015 2016 2017 2018 1Q19 2Q19 Loan receivable per branch (Figure is annualized) Remark: Calculated by averaging four quarters . Loan receivable Number of branch

Loan Receivables Classified by Aging 1. Allowance for Doubtful Account by Aging 1.07% 0.92% 1.24% 1.12% 1.04% 1.09% 100% 7.18% 6.88% Aging Rate of allowance for 7.99% 7.44% 7.47% 7.77% doubtful accounts 90% 1 % Current and past due for not more than 80% 30 days Past due for 31 - 90 days 2 % 91.89% 92.00% 70% 91.14% 91.49% 90.77% 91.49% Past due for more than 90 days 100 % 60% Receivables transferred to litigation 100 % 50% 2015 2016 2017 2018 1Q19 2Q19 Overdue less than 30 days Overdue 31-90 days Overdue more than 90 days 2. Additional provision for potential uncollectible receivables Loan Receivables Classified by Aging calculated from Net Loan / Total Net Loan (General Reserve) : calculated by PD x LGD Net Loan = Loan receivables – unearned interest income Allowance for Doubtful Account Asset Quality Ratio Million Baht 294.32% 4% 2,500 287.61% 277.71% 275.84% 265.41% 257.35% 2,000 1,641.1 1,550.3 1,499.2 2.30% 1,171.0 1,500 629.7 1.83% 575.2 624.1 2% 1.44% 1.40% 1,000 645.7 480.8 1,011.4 0.95% 926.2 226.4 924.0 335.6 500 690.2 119.6 0.25% 540 527 441 595 419.3 251 216.0 117 0 0% 2015 2016 2017 2018 1Q19 2Q19 2015 2016 2017 2018 1Q19 2Q19 Allowance for doubtful account by Aging Credit cost = Bad debts and doubtful account / Loan receivables Non performing loans Additional provision for uncollectible receivables coverage ratio = allowance for doubtful / NPL

Total Revenues Revenues Structure +21.04% YoY 0.3% 0.7% 0.5% 0.7% 0.5% 0.9% Million Baht +7.49% QoQ 100% 6.2% 5.8% 7.6% 9.1% 8.6% 12.4% 10,417 12,000 80% 2,821 7,470 60% 5,928 8,000 2,174 2,711 4,471 90.6% 93.3% 91.0% 93.2% 87.0% 40% 91.6% 3,071 1,968 2,559 1,402 4,000 2,537 20% 1,201 1,765 2,857 1,003 2,348 0% 1,563 865 2015 2016 2017 2018 1Q19 2Q19 0 2015 2016 2017 2018 2019 Interest Income & Management fee Fee and Service Income Other income Q1 Q2 Q3 Q4 Interest Incomes SG&A Expenses +23.68% YoY Million Baht Million Baht +7.39% QoQ 54.68% 5,000 60% 9,544 44.01% 48.42% 12,000 4,103 45.50% 45.50% 45.67% 44.28% 4,000 43.26% 43.84% 6,795 40% 3,012 43.44% 3,000 2,612 8,000 5 , 527 4,019 2,000 2,000 1,984 2,478 20% 1,275 1,154 1,232 1,139 1,060 986 920 2,862 1,796 1,000 4,000 2,225 1,270 2,314 1,083 1,600 0 0% 2,665 897 2,140 2015 2016 2017 2018 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 1,415 769 0 Operational Expense % Cost to Income 2015 2016 2017 2018 2019 Cost to income = (S&A + Loss on disposal of asset foreclosed) / (Total revenue – FC) Q1 Q2 Q3 Q4

Net Profit +11.95% YoY Million Baht +1.59% QoQ • Interest Income is calculated using Effective Interest Rate method. 5,000 3,713 4,000 • Non-Interest Income is collection fee + 1,002 2,501 brokerage fee income. 3,000 2,026 1,464 965 743 • Other Income is consisted of Deposit Interest 2,000 1,021 650 825 912 Income + Revenue from Asset Depositions 483 1,000 401 571 300 834 1,005 536 280 0 2015 2016 2017 2018 2019 Q1 Q2 Q3 Q4 Interest Income Ratio, Interest Expense Ratio Net Profit Margin and Return on Equity and Interest Spread 30% 40% 35.65% 35.50% 35.96% 35.61% 35.52% 35.19% 33.24% 33.47% 32.24% 32.74% 24.05% 24.10% 23.97% 23.48% 23.79% 23.77% 23.91% 23.26% 35.62% 36.31% 22.31% 22.49% 34.96% 35.74%34.00% 30% 31.99% 31.41% 20% 30.15% 20.70% 20.62% 20.65% 20.85% 20.26% 20.15% 19.56% 19.01% 18.77% 18.67% 20% 23.72% 10% 15.34% 10% 4.96% 3.64% 3.48% 3.62% 3.72% 3.53% 3.35% 3.70% 3.06% 2.83% 0% 0% * * * 2015 2016 2017 2018 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2015 2016 2017 2018 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Net Profit Margin Return on Equity Interest Income Ratio Interest Expense Ratio Interest Spread Remark: Annualized by averaging over four quarters.

Interest Bearing Debts Total Liabilities Million Baht Million Baht 42,037 45,000 38,640 50,000 36,847 40,750 37,127 35,459 36,000 40,000 28,009 16.99% 6.80% 27,058 13.47% 27,000 24.72% 30,000 29.17% 17.61% 17,733 24.84% 17,211 18,000 20,000 13.83% 7,431 7,125 68.92% 59.78% 58.28% 64.02% 9,000 61.32% 10,000 45.15% 13.64% 7.83% 26.58% 47.02% 0 0 2015 2016 2017 2018 1Q19 2Q19 2015 2016 2017 2018 1Q19 2Q19 Long-term Loans Current of Long-term Loans Short-term Loans Shareholders’ Equity Debt to Equity Ratio Million Baht Times 4.00 13,776 13,306 16,000 3.13 3.05 12,299 3.00 2.90 2.65 3.00 12,000 8,943 6,692 2.00 8,000 5,652 1.31 1.00 4,000 0.00 - 2015 2016 2017 2018 1Q19 2Q19 2015 2016 2017 2018 1Q19 2Q19

Fundamental No. Financial Status Ratio 2 Q19 2 Q18 % 1Q19 % 1. Net loan receivables 5 4,420.56 41,468.72 31.23 50,592.39 7.57 2. Allowance for doubtful account 1,641.05 1,380.79 18.85 1,550.29 5.85 3. NPL 594.93 558.87 6.45 526.74 12.95 4. Allowance / NPL (2/3) 275.84 % 247.07% 294.32% 5. NPL/ Net AR (3/1) 1.09% 1.35% 1.04 % 6. Write off 0.05 - 0.25 7. NPL+Write off (3+6) 594.98 558.87 6.46 526.99 12.90 8. NPL+Write off / Net AR (7/1) 1.09% 1.35% 1.04 % 9. Total asset 55,81 3 .10 42,632.26 30.9 2 51,946.46 7.44 10. Total liabilities 42,036.94 32,315.22 30.08 38,640.03 8.79 11. Total equity 13,77 6 .15 10,317.03 33.5 3 13,306.43 3.53 12. D/E ratio (10/11) 3.05 3.13 2.90

Growth No. Performance Ratio 2 Q19 2Q18 % 1Q19 % Net loan receivables 13. 54,420.56 41,468.72 31.23 50,592.39 7.57 Total revenue 3,070.86 2,536.49 21.07 2,857.97 7.45 14. 2,862.25 2,314.06 23.69 2,665.32 7.39 15. Interest and fee income 178.60 206.26 -13.41 177.62 0.55 16. Fee and service income 1,02 0 .78 912.18 1 1 . 9 1 1,005.36 1. 53 17. Net profit 18. 33.2 4 35.96 35.18 % Net profit / Total revenue (17/14) Efficiency No. Efficiency Ratio 2Q19 1Q18 % 1Q19 % 19. Doubtful account 189.12 157.99 19.70 116.45 62.40 20. Doubtful account & write off (6+19) 189.17 157.99 19.74 116.70 62.10 21. Total employees 8,777 6,916 26.91 8,114 8.17 22. Total branches 3,739 2,889 29.42 3,444 8.57 23. Net loan receivables per employee (1/21) 6.20 6.00 6.24 24. Net loan receivables per branch (1/22) 14.55 14.35 14.69

Thai Government infrastructure investment 20

Thailand’s Eastern Economic Corridor (EEC) 21