COMPANY PRESENTATIONSIAMRAJ PUBLIC COMPANY LIMITED

Opportunity Day @ 2 6 t h M a r c h , 2 0 1 9SR

COMPANY OVERVIEW

AGENDA

FINANCIAL PERFORMANCE

BUSINESS OUTLOOK

1

COMPANY OVERVIEW

METERING & PIPELINE TRANSMISSION BUSINESS UNIT : MPT

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Being specialist of Flow Measuring Systems and Engineering Services

Inspection, repair and maintenance services of equipment in gas metering stations

Design & Construction of the Natural Gas Metering Systems

4

ENERGY BUSINESS GROUP : ENG (NATURAL GAS FOR VEHICLES)

Own and operate the NGV stations

Design, supply and installation the NGV Stations

Maintenance for NGV Stations

NGV Station Management

5

ENGINEERED PUMPS & SYSTEM BUSINESS UNIT : EPS

We are specialized in engineered pumps and systems and other related equipment for all industries and power plants.

After Sales-Service

SUBSIDIARIES, ASSOCIATED AND JOINT VENTURE COMPANY

COMPANY STRUCTURE : 2017

SR

TKSV

JVSR JSTTTNSCHSPH(90%) (99.99%) (99.99%) (99.99%) (59.99%)

(79.99%)

Joint Venture Siamrajathanee SR Power Holding Co., Ltd. SR Commercial Holding Co., Ltd. Techtronic Co., Ltd. Joint Venture Siamraj & Tekhatatn Co., Ltd.

TKS Venture Co., Ltd.

Siamraj Public Company Limited registered as a Public Company on Feb 2, 2015

(Registered: 4.10.11) (Registered: 18.05.17) (Registered: 5.07.17) (Registered: 1.11.17) (Registered: 16.11.17)

(Registered: 12.07.17)

(1)

(4)

(6)(5)(3)(2)* * * * *

*

Remark: = Percentage of Siamraj Public Company Limited has hold the shares.* 6

KEY DEVELOPMENT OF THE COMPANY2018

JUN Associated with Soltech Solution Co., Ltd. (25.10%)

JUN Associated with C2C Solution Co., Ltd. (25.10%)

JUL Capital Increased of SR Commercial Holding Co., Ltd. (146 MB.)

JUL Capital Increased of Techtronic Co., Ltd. (20 MB.)

AUG Registered of CAPS Co., Ltd. (100 MB.)

NOV Branch Registered of TKS Venture Co., Ltd.7

SUBSIDIARIES, ASSOCIATED AND JOINT VENTURE COMPANY

COMPANY STRUCTURE : 2018

SR

C2C STS TKSV CAPS

JVSR JSTTTNSCHSPH(90%) (99.99%) (99.99%) (99.99%) (59.99%)

(79.99%)(25.10%) (25.10%) (71.99%)

Joint Venture Siamrajathanee SR Power Holding Co., Ltd. SR Commercial Holding Co., Ltd. Techtronic Co., Ltd. Joint Venture Siamraj & Tekhatatn Co., Ltd.

C2C Solutions Co., Ltd. Soltech Solutions Co., Ltd. TKS Venture Co., Ltd. CAPS Co., Ltd.

Siamraj Public Company Limited registered as a Public Company on Feb 2, 2015

(Registered: 4.10.11) (Registered: 18.05.17) (Registered: 5.07.17) (Registered: 1.11.17) (Registered: 16.11.17)

(AS: 12.06.18) (Registered: 12.07.17) (Registered: 6.08.18)(AS: 12.06.18)

(1)

(4)(8)(7)

(6)(5)(3)(2)

(9)

* * * * *

* * * *

Remark: = Percentage of Siamraj Public Company Limited has hold the shares. * 8

99.99% Shares

Design

Installation

After Sales-Service

TECHTRONIC CO., LTD.

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SUBSIDIARIES & ASSOCIATED COMPANY

COMPANY STRUCTURE

SR

C2C STS TKSV CAPS

SCHSPH (99.99%) (99.99%)

(79.99%)(25.10%) (25.10%) (71.99%)

SR Power Holding Co., Ltd. SR Commercial Holding Co., Ltd.

C2C Solutions Co., Ltd. Soltech Solutions Co., Ltd. TKS Venture Co., Ltd. CAPS Co., Ltd.

Siamraj Public Company Limited registered as a Public Company on Feb 2, 2015

* *

* * * *

Remark: = Percentage of Siamraj Public Company Limited has hold the shares. * 10

SUBSIDIARIES & ASSOCIATED COMPANY

COMPANY STRUCTURE

SR

C2C STS TKSV CAPS

SCHSPH (99.99%) (99.99%)

(79.99%)(25.10%) (25.10%) (71.99%)

SR Power Holding Co., Ltd. SR Commercial Holding Co., Ltd.

C2C Solutions Co., Ltd. Soltech Solutions Co., Ltd. TKS Venture Co., Ltd. CAPS Co., Ltd.

Siamraj Public Company Limited registered as a Public Company on Feb 2, 2015

* *

* * * *

Remark: = Percentage of Siamraj Public Company Limited has hold the shares. * 11

79.99% Shares

Opening : Dec’18

TKS VENTURE CO., LTD.

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Design, construction and operation in car park and automatic parking system @ Thammasat University Hospital (Rang-Sit)

71.99% Shares

Investment : 460 MB.

Status : Waiting for the Construction Certified (Around Mar’19)

PROGRESS

Site Office : Done

Construction Prepared : 90%

Construction Started : Mar’19

CAPS CO., LTD.

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Design, construction and operation in car park and automatic parking system @ AOT Chiang Mai

SUBSIDIARIES & ASSOCIATED COMPANY

COMPANY STRUCTURE

SR

C2C STS TKSV CAPS

SCHSPH (99.99%) (99.99%)

(79.99%)(25.10%) (25.10%) (71.99%)

SR Power Holding Co., Ltd. SR Commercial Holding Co., Ltd.

C2C Solutions Co., Ltd. Soltech Solutions Co., Ltd. TKS Venture Co., Ltd. CAPS Co., Ltd.

Siamraj Public Company Limited registered as a Public Company on Feb 2, 2015

* *

* * * *

Remark: = Percentage of Siamraj Public Company Limited has hold the shares. * 14

25.10% Shares

PLANT AREA

SOLTECH SOLUTIONS CO., LTD

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Location : Cha-Cheong Sao Capacity : 5 MW.

Investment : 20.5 MB. Status : Contract signed on Mar’18

25.10% Shares

PLANT AREA

C2C SOLUTIONS CO., LTD.

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Investment : 8.9 MB. Status : Contract signed on Mar’18

Location : SingburiCapacity : 1 MW.

FINANCIAL PERFORMANCE

TOTAL REVENUES GROSS PROFIT

REVENUES & REVENUES STRUCTURE

Main Business Group (3) Subsidiary Group (2)MPT (The Metering and Pipeline Transmission Business Unit )ENG (The Alternative Energy Business Unit)EPS (The Engineered Pumps and Systems Business Unit )

TTN (The Field of Flow Measurement Business Unit)Other Business Group (TKS, CAPS)

+37% YoY

+82% YoY

18

Unit : Million Baht Unit : Million Baht

TTN (The Field of Flow Measurement Business Unit )ENG (The Alternative Energy Business Unit)EPS (The Engineered Pumps and Systems Business Unit )

Other Business Group (TKS, CAPS)MPT (The Metering and Pipeline Transmission Business Unit )

Subsidiary Group (2)Main Business Group (3)

REVENUES 2018

FINANCIAL PERFORMANCE : MAIN BUSINESS

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2018 PERFORMANCE

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(Thousand baht) 2018 2017 %Inc(Dec)Total revenues 1,777,436 976,837 82%Total costs (1,534,214) (799,973) Gross profit 243,222 176,864 38%Other income 19,251 32,121 Profit before expenses 262,473 208,985 26%SG&A (203,486) (159,593) Share of profit (loss) from investment in associates and joint venture 8,476 (67) EBIT 67,463 49,325 37%Financial cost (4,670) (2,585) Profit (loss) before income tax 62,793 46,740 34%Income tax (11,531) (11,141) Non-controlling interest (NCI) 1,972 760 Profit (loss) attributable to Owners of the parent (OCI) 53,234 36,359 46%Earning per share 0.08 0.06 33%

NET PROFIT

EBITDA AND NET PROFITEBITDA

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Unit : Million BahtUnit : Million Baht

CURRENT RATIO

KEY FINANCIAL RATIOS

D/E & INTEREST BEARING D/E RATIO Unit : Times Unit : Times

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ROA AND ROE RATIOS

KEY FINANCIAL RATIOSGROSS PROFIT, EBITDA AND NET PROFIT MARGIN

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ASSETS

BALANCE SHEETLIABILITIES & EQUITY

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Unit : Million Baht Unit : Million Baht

• Building strong backlog to support 2019 growth

• Able to maintain at reasonable growth on 3 core business units

• The Field of Flow Measurement Business Unit

• The Parking Building Business Unit

SUSTAINABLE GROWTH 2019

Growth Driven From ;

New Business

Strong Backlog

Sustainable Core

Businesses

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OTHER BUSSINESS SUSTAINABLE GROWTH 2019 KEY HIGHLIGHT

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The Parking Building Business UnitNew Business

Growth Driven From New Business ;

BUSINESS OUTLOOK

2019 FORECAST

2019 ForecastTOTAL REVENUES

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Unit : Million Baht

BACKLOG

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(Million Baht)

Business Group

31 Dec 2018 28 Feb 2019 Y2019 Y2020 Y2021 > 3 Years

The Metering and Pipeline Transmission Business Unit (MPT) 852 881 573 233 52 23 The Alternative Energy Business Unit (ENG) 368 285 180 105 - The Engineered Pumps and Systems Business Unit (EPS) 39 52 52 - - - The Field of Flow Measurement Business Unit (TTN) 83 63 21 42 - - The Parking Building Business Unit (TKS) 99 93 26 27 20 20 Total 1,441 1,374 852 407 72 43

The Office Building Construction Business Unit (JST) 22 10 10 - - - Grand Total 1,463 1,384 862 407 72 43

Recognized ExpectedBacklog as of

1,384 MB 862 MB 407 MB

1,384 862 407

SIAMRAJ PUBLIC CO., LTD.

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