POLYPLEX (THAILAND) PLC (PTL) Presentation at the SET Opportunity - PowerPoint PPT Presentation

POLYPLEX (THAILAND) PLC (PTL) Presentation at the SET Opportunity Day Thursday, 16 March, 2017 Website : www.polyplexthailand.com

Contents  Polyplex ● Brief Background ● Global Presence ● Group Structure ● Group Capacity ● Long term Strategy ● Value Chain  PET Film ● An Introduction ● Key Segments  Key differentiators ● A Clear Competitive Advantage ● Product offering ● Systems & Processes  Financial Highlights 2016-17 (9M)  Industry Outlook  Business Outlook  Q&A Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Brief background  Global player with a presence in all key geographies - manufacturing facilities in India, Thailand, Turkey and USA complemented by an extensive network of sales & representative offices and warehouses  Principal business is Polyester (PET) film – a plastic film used in flexible packaging and a range of industrial applications.  Integrated operations – captive raw material & a diverse portfolio of downstream products  Total Revenue of THB 12.3 billion and EBITDA (excl. FX loss and impairment) of THB1.8 billion (15% of revenue) in FY 2015-16 at PTL Consolidated level  A strong & liquid Balance sheet with low level of leverage of 0.31x as on 31-Dec-16 (PTL consolidated - Debt only, net of cash & cash equivalents)  PTL consolidated net worth of THB 9.6 billion as on 31-Dec-16 Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Global Presence Germany & NL (2) Poland Italy Spain Turkey South Korea USA India (2) China Mexico Thailand Malaysia Singapore 5 Manufacturing Locations in 4 countries Representative Office / WH in additional 10 countries Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Global Presence India SEA/Far East Asia Europe North America (To add from Ashok Sharma (Khatima/Bazpur: India) (Rayong: Thailand) (Corlu: Turkey) (Decatur, AL, USA) 2 Thin PET lines 2 Thin PET Lines 2 Thin PET Lines 1 Thin PET Line 1 Intermediate PET line 1 Thick PET Line 4 Metallizers 2 Metallizers 1 BOPP line 1 CPP Line 2 Offline Chemical Coaters 1 PET Resin Plant 4 Metallizers 1 Blown Film Line 1 PET Resin Plant 1 Offline Silicon Coater 4 Metallizers 2 Offline Chemical Coaters 1 Offline Silicon Coater 2 PET Resin Plants 2 Extrusion Coaters 3 PET Resin Plants Warehouses in India WH/Trading Co. in China WH/Trading Co. in Warehouses in Mexico & and Rep. Offices in Korea Netherlands and WH in USA & Malaysia Germany, Italy, Poland and Spain Integrated Diversified Strategically Located Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Group Structure 100% Polyplex Corporation Limited Polyplex (Asia) Pte.Ltd ( PCL / Polyplex India) (PAPL / Polyplex Asia) INDIA SINGAPORE 17.19% 33.81% 49% Polyplex (Thailand) Public Co. Ltd. Public/ (PTL / Polyplex Thailand) Institutional Shareholder THAILAND 66.5% 100% 33.5% EcoBlue Ltd Private Polyplex America Holdings Inc. THAILAND Investor (PAH) USA 100% 100% Polyplex USA LLC Polyplex (Singapore) Pte. Ltd. (PU / Polyplex USA) (PSPL / Polyplex Singapore) USA SINGAPORE 100% 100% Polyplex Europa Polyester Film Sanayi Ve Ticaret Anonim Sirketi Polyplex Trading (Shenzhen) Co. Ltd. (PE / Polyplex Europa) 100% (PTSL / Polyplex China) Investment and Trading & Distribution TURKEY CHINA OUTSIDE INTEREST 100% INVESTMENT COMPANY Polyplex Paketleme Çözümleri Sanayi ve Ticaret Anonim Şirketi Polyplex Europe B.V. MANUFACTURING COMPANY (PEBV / Polyplex Netherlands) (PP / Polyplex Turkey) NETHERLANDS TURKEY TRADING & DISTRIBUTION Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Group capacity MT Mn PET-Thin PET-Thick BOPP CPP Blown PP PET Film Resin Metallizer Coated Films Sqm 100,000 1,000 900 - - - - - - 4,645 - 800 - 10,000 75,000 35,000 - 700 600 - - - - - - - - 28,800 - 50,000 500 865 80,500 400 77,600 - - - - - - 300 58,000 57,600 57,600 55,000 25,000 42,000 200 31,000 28,500 270 21,700 100 17,700 146 8,700 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Base PET MET Coated Base PET MET Coated Base PET MET Coated Base PET MET Film Film Film Film Film Film Film Film Film Film Film Film Film Film Film Resin Resin Resin Resin INDIA THAILAND TURKEY USA Note: Polyplex’s attractive product portfolio is a key differentiator as compared to competition Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Long Term Strategy  Complete Solution Provider for select applications such as Flexible Packaging, Photo Voltaic Backsheets, Labels etc.  Expand specialty portfolio in all chosen fields of business (Thin PET, Thick PET, BOPP, CPP, Extrusion coating, Silicon Coating and Blown PP/PE)  Efficient and cost effective “End to End” Supply chain  Local Technical Service and Sales team (GLOCAL)  Differentiation and Innovation at most optimal cost  Automation of Systems and Processes  Care for Environment Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyplex : Value Chain Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Polyester (PET) Film : An Introduction  PET Film constitutes bulk of our base film capacity  It is a versatile plastic film with a wide range of applications  The industry / product is usually segmented across the following attributes: ● Thickness  Thin Films - 8-50 micron  Thick Films - 50-350 micron  There are also several intermediate thickness lines with capability across a subset of thin and thick films  Typically there is a lack of supply substitutability between thin films lines and thick film lines ● Application  Flexible Packaging - By far the dominant use for PET films  Industrial - A myriad of usage across several individual applications / industries  Electronic / Electrical - Another key segment of usage ● Functional properties  Films can be differentiated by type / mix of PET resins used as input, inline coatings or variations in processing conditions Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

PET Films : Key Segments  Packaging ● Continues to grow – expected 7-9% for next 10 years (Historical 11%) ● Emerging economies (India/ China) – 8%-10% ● Other growing economies (SA/ SEA) – 6-8% ● Future economies – Africa ● Segment Market Share – 50-60%  Industrial & Electrical (General Purpose) ● Industrial and Consumer discretionary applications ● Economic and Technological changes influence growth  Optical ● Flat Screen ● Touch Screen ● Growth governed by changing life style and higher disposable incomes  Photovoltaic (PV) ● Significant demand growth expected ● Speed of penetration/ Cost of Module/ Government Policy will drive demand  Magnetic Media and Imaging Graphics overtaken by digitization Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Key Differentiators : A Clear Competitive Advantage Global Presence Steady Growth Focus on Differentiation ROW 11% = 10 Years CAGR in Sales 3% Asia 14,000 Europe 31% 12,000 33% Sales - Million THB 10,000 8,000 6,000 4,000 2,000 North - America 33% Wide Product Range Value Added Sales Sustainable Solutions Base Films: Thin PET, Thick 100% 90% PET, BOPP, CPP, Blown Film 80% 70% (PP/PE) 60% 50% Forward Integration: Al.Met, 40% 30% AlOx Met, offline chemical 20% coating, silicon coating, 10% 0% extrusion coating Plain Film Value Added Film Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Key Differentiators : Product offering  Packaging substrates ● 8 to 350 Micron PET films ● BOPP ● CPP ● Blown PP/PE  Wide Surface Treatments Options ● One & Both side coating ● Several Chemical Treatment Types  Off-line Coated/Treated Products ● Siliconized Films ● Thermal Films (PE & EVA) ● Transparent Barrier (AlOx, PVDC etc..)  Product Portfolio includes ● Colored Films ● Digital & Print Media Films ● Shrink Film  Continuously Growing Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only

Key Differentiators : Systems & Processes  Products compliant with: FDA, EC, REACH and Japan Food Sanitation Law  Quality Assurance system integrated into our ERP systems  TPM Work Philosophy  Reporting of environmental and social performance as per the Global Reporting Initiative (GRI) 3.1 guidelines  4 patents + 8 applications Industry Memberships under process  Well defined risk management framework Polyplex (Thailand) Public Company Limited Confidential Information intended for the immediate recipient only