1

BG Container Glass Public Company Limited

Opportunity Day

23rd August 2019

Disclaimer

The information contained in this presentation is strictly confidential and is provided by BG Container Glass Public Company Limited (“BGC” or the "Company") to you solelyfor your information. Neither this presentation nor any part hereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied,duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization orelsewhere, without the prior written consent of the Company and its respective affiliates or advisors. By attending this presentation, participants agree not to remove thisdocument, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company andits respective affiliates or advisors.

Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, no representations orwarranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in thispresentation. The information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all materialinformation concerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members,directors, officers, employees or affiliates assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information containedherein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of thispresentation or its contents.

This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of orsolicitation or invitation of any offer to or recommendation to buy or subscribe for any securities of the Company, nor shall it or any part of it form the basis of or be relied on inconnection with any contract, commitment or investment decision in relation thereto (“Securities”) in Thailand, the United States or any other jurisdiction. Any recipientconsidering a purchase of Securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in a final offering document(which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. No public offering of the Securities will bemade in the United States or in any other jurisdiction outside of Thailand where such an offering is restricted or prohibited. This presentation should not be construed as legal,tax, investment or other advice. The information contained herein does not take into consideration the investment objectives, financial situation or particular needs of anyparticular investor, and should not be treated as giving investment advice.

In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of theCompany, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to futureevents and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitiveuncertainties and contingencies as well as various risks which are in many cases beyond the control of the Company, and which may change over time and may cause actualevents and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur,that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly,the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward lookingstatements. The recipient is cautioned not to place undue reliance on these forward looking statements.

In providing this presentation, the Company does not undertake to provide any recipient with access to any additional information or to update the information contained inthis presentation or to correct any inaccuracies herein which may become apparent. 2

Agenda Outline

3

1

3

4

2

Business Update

Financial Highlights

Outlook for 2019

Q & A

4

Business Update

1

5

Q2 19 Update

Sales growth 20% YoY (for 2Q 19) and 11% YoY (for 6M 19)

especially from Beer, Soft Drinks and Export

High growth in Export, 9% of total sales

Continually installs automated machines and system for Cost Optimization

Debt to Equity improves to 1.7 (Before IPO = 3.0, After IPO = 1.9)

Certified by CAC on 5 Aug 2019

6

Beer

Soft Drinks (Non-Alcohol)

Food

Insecticides & Drugs

Other Products

36%

43%

1%

9%

12%

Unit: Mil Bt.

Sales Breakdown 6M 2019 Sales Revenue 6M 2019

• Total sales 6-Month increased by 11% vs. last year, mainly from Beer (17% increased) and Soft drinks ( 12% increased)

• Total Sales to Boonrawd = 57% of total sales, BRB portion decreased by 178 bps from 6M 2018

• Export volume increased by 107% from 6M 2018

‘18 = 41%

‘18 = 13%

Bottle Sales Update

Sales distribution Domestic = 91%Export = 9%

7

Unit: Mil Bt.

Sales and Net Profit by quarter

Unit: Mil Bt.

Net Profit after TaxSales Revenue

2,788 2,677

3,011

2,798

2,265 2,280

3,057 2,896

2,727

3.7%-4.0%

12.5%

-7.1%

-19.0%

0.7%

34.1%

-5.3% -5.8%

4.1%

-18.8%

-14.8%

1.5% 3.5%

20.4%

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

QoQYoY (3-month)

65 69

54

166

91 84

155 162

83

2.3%2.6%

1.8%

5.9%

4.0%3.7%

5.1%

5.6%

3.0%

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

NPM

Strong growth in Sales Revenue However, Net Profit was slightly lower than expected due to one-time charge and lower efficiency rate

6M = 5,063 MB 6M = 5,623 MB (+11.1% YoY)

6M = 257 MB (NPM = 5.1%)

6M = 245 MB(NPM = 4.4%)

3

3.5

4

Jan'17 Apr'17 Jul'17 Oct'17 Jan'18 Apr'18 Jul'18 Oct'18 Jan'19 Apr'19

218,148 223,036

441,007 439,550

20.0%

40.0%

60.0%

80.0%

100.0%

0

100,00 0

200,00 0

300,00 0

400,00 0

500,00 0

600,00 0

700,00 0

800,00 0

2Q18 2Q19 6M18 6M19Actual Production (Ton Packed) Utilization Rate (%)

Production & Major Raw Material Update

Production

Bt. / Kg

Cullet price remained relatively steady since last April

Utilization drop due to stock managementEfficiency drop due to launching new products

9

BGC have a temporarily lower energy cost in Oct 18 to Jan 19.

Brent Crude Oil Price Cullet Price

40

50

60

70

80

90

Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Apr 19 Jul 19

Efficiency VS New Products

4

10

3

54

10

76

7

10

8

11

4

32

No of New Products

88.2%

88.8%

87.8%

88.3%

87.0%86.4%

85.3%

84.2%

84.6%

85.2%

84.7%

84.9%

86.3%86.7%

86.1% 86.3%

% Efficiency

Average Brent Crude Oil price for 6M19 decreased by 7% from 6M18.

10

Water Conservation

CSR Campaignsบีจีซีรักษ์น ้ำ

โครงการขวดแก้วแลกบุญ

Recycle

Sport

- สนับสนุนสโมสรวอลเลย์บอลแอร์ฟอร์ซ

- สนับสนุนฟุตบอลหญิงทีมชาติ

- สนับสนุนการแข่งขันกอล์ฟการกุศล MAT Golf Charity 2018

- สนับสนุนการแข่งขันกอล์ฟเยาวชนรายการ Watermill Junior Golf

กิจกรรมให้ความรู้เรื่องการคัดแยกขยะ

โครงการมอบคอมพิวเตอร์และอุปกรณ์อิเล็กทรอนิกส์

Education

สนับสนุนโครงการให้ทุนการศึกษาบุตร-ธิดาสมาชิกสมาคมผู้สื่อข่าวเศรษฐกิจ

11

2Financial Highlights

12

6M1911.1% revenue growth YoY derived from (1) Domestic sales up 6% mostly from Beer(2) 12% increased in both export and domestic sales of soft drink bottle (3)export sales rose 90% from beer bottles, push the contribution to 9% of

total sales

2Q1920% year-on-year sales growth, highest in the past 3 years, driven by +37% beer and +14% soft drink bottles.

+20.4% YoY

6M19Higher gross profit YoY due to sales growth but lower gross profit margins, -132bps to 15.1%, as a result of(1) slight drop in production efficiency as we began the first time producing new

products for new customers (2) fixed cost is slightly higher from Ratchaburi plant, this compensate with more

flexibility in production line(3) effect of additional provision for long-term employee benefit from new laws2Q19Gross profit increase YoY as a result of higher revenue in this quarter, however gross profit margin was dropped (both YoY and QoQ) from the same reason mentioned above

6M19Net Profit decreased from last year mainly because there were non-recurring item of provision for long-term employee benefits according to the law, lower gross profit margin, higher operating expense. However, there was some gain on sales of scarp.

-5.8% QoQ

Un

it: M

il.B

t.

+2.1% YoY

Revenue

Gross Profits

Un

it: M

il.B

t.U

nit

: Mil.

Bt.

+11.1% YoY

4.1% YoY

-19.7% QoQ

Net Profits

Financial Performance

-9.7% YoY

-49.1% QoQ

-4.8% YoY

Financial Performance

14

Net Profit after Tax

6M19Taking out the effect from provision of long-term employee expenses, 33 Mil.Bt. (net tax effect), net profit of this 6-month period increased 8% YoY. (278 Mil.Bt. VS 257 Mil.Bt.)

2Q19Taking out the effect from provision of long-term employee expenses, 33 Mil.Bt. (net tax effect), net profit of this 3-month period increased by 27% YoY. (116 Mil.Bt. VS 91 Mil.Bt.)

Un

it:

Mil.

Bt.

Un

it:

Mil.

Bt.

NPM 3.0%

NPM4.2%

NPM4.4%

NPM4.9%

NPM 4.0%

NPM5.1%

Financial Performance

15

Asset Liabilities & Equities

Key Ratio

Working Capital Day ROA ROE Debt to Equity

40.5 35.2 days

2018 2019

Working capital day = AR days + Inv days – AP days

3.8% 3.6%

2018 2019

12.8% 9.9%

2018 2019

1.9x 1.7x

2018 2019

11.2%

5%14,729 13,952

Total asset slightly decreased by 5%, mainly driven by lower inventory, Fixed Asset, and Account Receivable

Both short term and long term loan from Bank was decreased from prior year, led to 11.2% decreasing in total liabilities.

Un

it: M

il.B

t.

Un

it: M

il.B

t.

Financial Performance

16

Cash Flow from Operation

Still maintain cash flow from operation above 2,000 Mil.Bt.

* Prorated to total year

Un

it:

Mil.

Bt.

Dividend

Interim Dividend for 2Q19

= 75% of total group profit of 2Q19

= 0.09 Baht per share

Dividend Policy: BGC has policy to pay dividend not less than 40% of net profit while BGC’s subsidiaries has policy to pay dividend not less than 80% of net profit after deduction of legal and general reserves

We aim to provide investors with a good dividend together with capital growth.

Earning per share for 2Q19 = 0.12 Baht per share

* Based on Consolidated P&L

*

Outlook for 2019

17

3

18

Business Strategies

Cost reduction by increasing Utilization and Efficiency rate with new technology and information system

Actively look for M&Aopportunity in packaging and related businesses

Enhance portfolio through Export and High value products

Export from 7% to 10% of total port

Continue look to grow in business in other industries apart from packaging

Four in discussion ranging from related products to glass packaging itself

Short-Term

2019-2020 2019-2020

2020-2022

2022 onwards

Medium-Term

Long-Term

We aim for solid growth outlook with consistent dividend

Across BGC businesses• Automated plants• Top-of-Mind

employers• Product innovations • Build customer

awareness

19

AccelerateExport Growth

DriveHigh Value

ProductsIncremental volume in Food Jar i.e. Brand’s &

Vietnam Birdnest

Build PlatformNNPB

productTransition Phase to convert

Returnable to One-Way

Geographical Focus Segment / Product Focus

Expand inNon-BRB

BeerWinning Market Leader

- Full capacity from RBI - Advance our quality

standard to ensure customer satisfaction

- Appoint agents in key export markets

- Approach to no. 1 Brands in every country

- Enhance our R&D team and proactively cooperate with customer to redesign the bottle with improved technology

Market Strategies 2019

20

Key driver: - Short supply from Re-Export Beer and Wine

market growth- Already approach to no.1&2 brewery in both

countries

Oceania Achieve : 38%

Key driver: -Rising Global Demand for Containers and Packaging in India- Positive Outlook for Indian Beer and Cider Market

India Achieve : 98%

Europe Achieve : 49%

Key driver: - Long relationship with Sales Agent - Aim for High Value product- Total Glass packaging net import

value approximately to 1,528 Mil USD

CLMV Achieve : 36%

Key driver: - Growth mainly from Vietnam and Cambodia- Targeted on number 1 beer in each countries

and high value product

Export Market: Market share & Opportunities

Export market aims to increase from 7% to 10% of total sales in 2019

Q1’19 + Q2’19 Actual sales achieved

% Remaining to reach the 2019 sales target

6% of export sales 62% of export sales

10% of export sales

21% of export sales

64% Left51% Left

62% Left

2% Left

73.08%

26.46%

0.24%

0.18%

0.04%

Minute MaidSplash

Green Spot

Peptein

i-Healti Q10

i-Healti Q10Lite

98.93%

1.07%

Sponsor

M-Sport

92.59%

7.21%

0.10%

0.05%

0.05%

Singha Plain

Chang

Leo Plain

Perrier Plain

Rock Mountain

100%

BGC supply to most category leadersSource: Global data

: marketeeronline

Packaged Water (2018)

THAILAND Market Share By Sector (Glass Packaging)

70%

Sports Drinks (2018)

Still Drinks (2018)

70%

22%

4%

4%

SPY

Full Moon

Smirnoff

Breezer

Alcohol Ready to Drink

60%

100%

100%

50%

24

Projects Roadmap

• Swabbing Robot install at AGI• Gobs Assist install at AGI • IRD & IGC install at AGI

2020

• ES III install at AGI

Q4

• Ultrasonic install at AGI• Automated Lab Sampling Test

Q3

25

ES III Expert System Ultrasonic Mold Cleaning IR-D & IGC

• To save 3-4% of energy consumption at Furnace or approximately 6 Mil.Bt. /Year

• To extend mould useful life by 30%,• Saving approximately 12 Mil.Bt. /Year

• Hot-end Inspection and Weight control process

• To improve efficiency by 0.5%

Gob Assist - BTC• To stabilize the condition of gob forming

and mould temperature which is the key of bottle forming and bottle quality

• To improve efficiency approximately by 1%

Swabbing Robot• To help improve efficiency during lubricate

mould• To improve efficiency 1% approximately

Automated Lab Sampling

Before After

• AGV-Robot pick the bottle from each line to do volume check and pressure test

• Periodically sampling check• Result link to database• Reduce about 30% of QA work load

Projects Overview

Before After

26

Automated Lab Sampling Test

• AGV-Robot pick the bottle from each line to do

volume check and pressure test

• Periodically sampling check

• Result link to database

• Reduce about 30% of QA work load

New Project:

Database

Res

ult

Pressuretest

Volumetest

Lin

e 1

1

Lin

e 1

2

Lin

e …

.

Lin

e …

.

AGV-Robot

Automatic ramp pressure test

28

Q & A

4

29

Appendix

Company Overview

Bangkok Glass Public Company Limited (“BG”) was established by a group of companies in pharmaceutical and beverage industry and financial institutions with registered capital of THB 50.0 mm

2009

2010

BG Container Glass Company Limited (“BGC”) was established by BG with registered capital of THB 1.0 mm

April 2017BGC increased its paid-up capital to THB 2,500.0 mm to undertake its corporate group restructuring by acquiring all companies in glass packaging business

Oct 2018Initial Public Offering on SET. 194.44 million newly-issued shares were offered to general public at Bt 10.20 per share

Nov 2018Ratchaburi plant started commercial run with capacity at 400 tons/day

December 2017Rayong plant ceased its operation

1983

Boonrawd Brewery became a major shareholder

1996

Khon Kaen planthas commenced its operation

Initiation of “Door to Door” strategy by locating its production facilities close to customers’ facilities, starting at Khon Kaenand followed by Prachinburi

“With the vision of experienced management team, the continued expansion of production

capacity has resulted in growth expansion over 4 decades of success”

30

Key Milestones

Ayutthaya plant has commenced its operation

The 1st furnace located at Pathumthani Province commenced its operation

Prachinburi plant,jointly invested with

T.C. Pharmaceutical Co., Ltd, has commenced its operation

Rayong plant has commenced its operation

2017

2007

1974

1980

2018

2016

31

As of 28 June 2019

BGC Shareholders

Shareholder Structure

100%

100% 100% 100% 100%

72.0%

7.0%

67.5%

51%

49%

PTI KGI AGI PGI RBI

Institutions19.7%

72.0%

Institutions

19.6%

Individual

8.4%

32

Vision & Mission

VISION

MISSIONThe Company aims to satisfy our stakeholders in these areas;

FinancialTo maximize benefits and returns to all stakeholder

CustomersTo deliver quality products with world-class standards and services at a competitive price

Business Partnership To work with our partners based on a long-term trust and relationship

Work Process To utilize modern technology in every work process with professional teams

PersonnelTo build people competency, promote team work and employee engagement withan entrepreneurial spirit

“BGC is committed to be the ASEAN leader in manufacturing and selling quality glass and packaging as well as other related products and services.”

Quality Service Competitive Pricing

Company Overview

33

Current Production Base

Quality Standard

PTI

AGI

KGI

PGI

RBIQ2’2019 Q4’2019

4 Furnaces1,620 tons/day

(46% of group capacity)

3 Furnaces560 tons/day

(16% of group capacity)

1 Furnace400 tons/day

(12% of group capacity)

1 Furnace180 tons/day

(5% of group capacity)

2 Furnaces735 tons/day

(21% of group capacity)

Khon Kaen Plant (KGI)

Prachinburi Plant (PGI)

Ratchaburi Plant (RBI)

Pathumthani Plant (PTI)

Ayutthaya Plant (AGI)

Total 11 Furnaces3,495 tons/day

34

Why BGC?

1

2

3

4

5

One of the Largest glass container manufacturers in the ASEAN region

Optimized production process with stability and flexibility

State of the Art Machines with continuous improvement and experienced engineering team

Long relationship with customers and suppliers

Network in Key Strategic Locations

35