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บริษัท เอสไอเอสบี จ ำกัด (มหำชน) SISB PUBLIC COMPANY LIMITED

Agenda Business Overview and Financial Summary Business Outlook Q&A 2

Business Update and Financial Summary 3

Financial Performance Unit : THB Million 1Q18 4Q18 1Q19 YoY% QoQ% FY18 Total revenues 226.06 256.96 268.64 +18.8% +4.5% 947.35 GP 82.92 102.00 109.82 +32.4% +7.7% 365.28 EBITDA 58.04 69.37 73.53 +26.7% +6.0% 257.06 Net Profit 22.89 31.97 42.46 +85.5% +32.8% 103.52 %GP 37.2% 40.2% 42.1% +4.9% +1.9% 39.2% %EBITDA Margin 25.7% 27.0% 27.4% +1.7% +0.4% 27.1% %Net Profit 10.1% 12.4% 15.8% +5.7% +3.4% 10.9% 4

Financial Performance Total Revenues Tuition Fees and Service Income Million Baht Million Baht ▲ YoY = 18.84%, ▲ QoQ = 4.54% 947.4 924.0 1000 1000 23.4 48.6 730.8 746.3 800 800 15.5 35.6 608.6 597.6 600 600 11.0 27.2 924.0 875.4 258.7 400 400 730.8 268.6 695.3 252.8 257.0 226.1 221.3 597.6 570.5 9.9 12.7 4.1 14.3 4.8 11.0 200 200 252.8 258.7 238.6 246.0 221.3 210.3 0 0 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 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% 5.3% 5.0% 4.9% 5.6% ▲ YoY = 11.14%, ▲ QoQ = 3.74% 2,500 80% 2,000 60% 1,500 95.5% 95.1% 94.7% 95.0% 94.4% 95.1% 2,305 40% 2,222 2,222 2,074 1,000 1,977 1,705 20% 500 0% 0 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 Dec-16 Dec-17 Dec-18 Mar-18 Dec-18 Mar-19 Tuition fees income Application and enrolment fee incomes 5

Financial Performance Administrative Expenses Tuition and Service Cost and Gross Profit Margin Million Baht Million Baht 42.1% 40.2% 800 39.2% 39.2% 1 300 37.2% 27.7% 26.0% 26.3% 33.4% 25.9% 25.2% 24.1% 250 567.2 0 600 491.4 200 0 193.2 366.7 166.4 400 150 88.5 0 100 151.7 151.2 140.3 200 0 50 49.3 48.7 46.1 158.4 196.6 238.7 54.6 66.5 74.3 278.1 324.9 373.9 94.2 102.4 102.5 0 0 -1 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 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 27.1% 27.0% 27.4% 25.7% 120 300 15.8% 20.1% 20.0% 12.4% 100 250 11.5% 10.9% 10.1% 80 200 2.4% 60 150 40 100 20 50 69.8 17.9 103.5 22.9 32.0 42.5 122.1 149.3 257.1 58.0 69.4 73.5 0 0 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 Y2016 Y2017 Y2018 Q1-2018 Q4-2018 Q1-2019 6 Net profit Net profit margin (%) EBITDA EBITDA Margin (%)

Financial Position Total Liabilities Total Assets Million Baht Million Baht 2,425.3 2,481.5 2,000 2,500 1,538.0 757.3 672.1 1,600 2,000 1,725.1 1,280.6 213.3 1,469.1 219.8 367.3 348.9 1,200 1,500 75.6 298.6 149.0 841.0 827.3 67.9 779.0 800 1,000 214.1 248.7 550.0 1,429.7 1,385.9 1,375.2 1,252.2 400 500 432.0 545.7 613.2 592.3 0 0 Y2016 Y2017 Y2018 Q1-2019 Y2016 Y2017 Y2018 Q1-2019 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 1,640.5 1,598.0 8.0 1,600 6.8 6.0 1,200 4.2 4.0 2.9 800 2.0 400 0.5 188.6 187.1 0.5 0.0 0.0 0.0 0 Y 2016 Y 2017 Y 2018 Q 1 - 2019 Y2016 Y2017 Y2018 Q1-2019 Debt to equity ratio 7 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 Q1-2019 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 1,500 2,454 2,369 2,500 81 2,061 87 2,454 2,369 519 - 84 2,000 1,705 478 (58.8%) 2,061 (56.7%) 1,000 1,532 262 149 - 147 1,705 (66.1%) 286 - 1,500 285 1,532 239 275 (79.3%) (71.3%) 1,000 500 500 1,293 1,419 1,715 1,382 1,420 - - Y2015 Y2016 Y2017 Y2018 Q1-2019 Y2015 Y2016 Y2017 Y2018 Q1-2019 SISB-PU SISB-SV SISB-CM SISB-TR SISB-EK Seats Capacity Number of Students 8

Number of Students and Education Personnel (31 Mar 2019) Nursery - Kindergarten Nursery - Kindergarten 999 students : 42.2% 1,084 students : 44.2% Primary School Primary School Number of Students Dec 31, 2018 1,077 students : 43.9% 1,075 students : 45.4% Mar 31, 2019 by Grade 2,369 2,454 Secondary School Secondary School as at December 2018 students students Grade 7 - 10 Grade 7 - 10 and March 2019 255 Students : 10.8% 256 students : 10.4% Sixth form School Sixth form School Grade 11 - 12 Grade 11 - 12 40 students : 1.7% 37 students : 1.5% Thai student Thai student Number of Students Dec 31, 2018 2,019 students : 85.2% Mar 31, 2019 2,087 students : 85.0% By Nationality 2,369 2,454 as at December 2018 students Foreign student students Foreign student and March 2019 350 students : 14.8% 367 students : 15.0% Teachers Teachers 280 persons 286 persons Number of Education Mar 31, 2019 Dec 31, 2018 Personnel Teachers Assistants 438 429 Teachers Assistants 149 persons as at December 2018 persons persons 152 persons and March 2019 9

Business Outlook 10

Business Opportunities Build a new business development core team to support Addition of future expansion secondary level for projects. Thonburi Campus within two or three years. Focus on growth of student population with average increase of 200 - 250 students per year. 11

CSR Activities Maha Chakri Sirindhorn Special Education Centre, Nakhon Nayok 12

CSR Activities English Language Project 13

Other School Activities Champions: SISB International Football Academy team won the 2019 Trofeo Mediterraneo U-11 football tournament in Spain Champion and 2 nd Runner-up: Champion: Alpha Academy Badminton Tournament - Age SET Table Tennis Club Group Series 2018 Championships 2019 4 th Rapid & Blitz International 1 st Runner-up: School Chess Championship 2019 Bangkok Table 14 Tennis Cup 2019

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Q&A 17

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Appendix 19

Vision and Mission VISION “To be the leading education provider, making quality education accessible to all” MISSION “To educate, enhance and empower diverse learning communities to be contributing global citizens” OBJECTIVES:  Ensuring Schools of SISB Group are the International Leading School in both Thailand and the region  Increasing number of students to more than 4 , 000 students within 3-5 years  Expanding investment opportunity either Joint Venture or Franchise of SISB within Thailand and regional hub CLMV and China. 20

Company Structure SISB Public Company Limited ( “SISB”) Operates as a school license holder to establish international schools under the Private School Act and offers other related educational services Licensee Licensee Licensee Licensee 100% 50% Singapore Singapore Singapore SISB SIRI Co., Ltd. Singapore SISB Thonburi Co,Ltd. International International International International School (Paid-up Capital Baht (Paid-up Capital Baht School of Bangkok School Thonburi School Ekkamai Suvarnabhumi 1M) 130M) (Joint Venture) Licensee Singapore International School Chiangmai 21

Business of the Company The Company operates as a school license holder to establish international schools under the Private School Act and offers other related educational services. The Company is a pioneer who adopted Singapore curriculum as a basic curriculum in schools, which is widely accepted, especially mathematics and science. In addition, curriculum designed to be taught in three languages, English Chinese and Thai. The current curriculum is a mix between Singapore curriculum and the United Kingdom curriculum. Five International Schools within the group Joint Venture is a The Company is a license holder to establish school license holder Singapore Singapore Singapore Singapore Singapore International School International School International School International School International School Suvarnabhumi Thonburi Chiangmai of Bangkok Ekkamai (SISB-PU) (SISB-SV) (SISB-TR) (SISB-EK) (SISB-CM) 22