ANALYST PRESENTATION · PRESENTATION 1 . 1Q16 RESULTS 2 . 100 120 140 160 180 200 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16

SRI TRANG AGRO-INDUSTRY PUBLIC COMPANY LIMITED

1Q16

ANALYST

PRESENTATION

1

1Q16 RESULTS

2

100

120

140

160

180

200

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

RSS

TSR

SIC

OM

Pri

ce

(US

ce

nt

: K

g.)

Cru

de

Oil

Pri

ce

(U

SD

: B

bl.

)

TH

B/U

SD

M

ov

em

en

t

20

40

60

80

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

31

32

33

34

35

36

37

Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

SICOM – Oil Price - FX 1Q15 2Q15 3Q15 4Q15 1Q16

3

*Adjusting for (reversal) allowance of inventory and realised gains /(losses) from hedging activities

(THB million) FY’14 FY’15 %YoY Q1’15 Q4’15 Q1’16 %YoY %QoQ

Revenue 75,530 61,292 ▼19% 14,512 15,467 16,695 ▲15% ▲8% Sale volume

(tons) 1,204,342 1,119,966 ▼7% 268,892 302,962 363,105 ▲35% ▲20%

Avg. selling price

(Baht per ton) 60,583 48,858 ▼19% 48,265 45,117 40,465 ▼16% ▼10%

Gross profit 3,348 3,521 ▲5% 1,040 617 817 ▼21% ▲32% Adj. gross profit* 4,642 4,981 ▲7% 1,077 1,059 749 ▼30% ▼29% EBITDA 2,568 3,008 ▲17% 788 314 174 ▼78% ▼44% Net profit 1,038 1,118 ▲8% 297 (47) (166) ▼156% ▼251%

Adj. GP margin* 6.1% 8.1% ▲200bps 7.4% 6.8% 4.5% ▼290bps ▼230bps

Net profit margin 1.4% 1.8% ▲40bps 2.0% (0.3%) (1.0%) ▼300bps ▼70bps

Financial Highlights

4

Revenue by Product (THB million)

1,328 1,321 1,467 1,347 1,461

10,503 11,248 11,726 11,006

12,089

1,147 1,042

1,269 1,316

1,144 1,534 1,467 1,774

1,798 2,001

14,512 15,077 16,236

15,467 16,695

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

RSS TSR Con. Latex Others

+15.0% +7.9%

Revenues & Sale volume

111,016 119,850 120,256 138,715

195,073

123,848 124,812 135,642 140,544

137,952 20,024 17,482 13,137

15,018

17,715

13,843 7,058 9,432

8,464

11,485

161 2 441

222

880

268,892 269,204 278,908 302,962

363,105

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

PRC Asia (Ex PRC) USA Europe Others

+35.0% +19.9%

Sale Volume by Geography (tons)

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Adjusted Gross Profit* Gross Profit

1,077

1,440 1,405

1,059

749

7.4%

9.6% 8.7%

6.8%

4.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

Margin % THB mm

-30.5% -29.3%

Gross Profit

1,040

1,294

570 617

817

7.2%

8.6%

3.5% 4.0%

4.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

Margin % THB mm

-21.4% +32.4%

*Adjusting for (reversal) allowance of inventory and realised

gains /(losses) from hedging activities

6

Net Profit (THB million) EBIT (THB million)

486 525 473

(180) (193)

68 150 243

188 97

554

675 715

8

-96

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

-117.3% -1,253.6%

Share of profits from associates & a Joint Venture

Operating profits

EBIT & Net Profit

297

518

350

-47

-166

2.0%

3.4%

2.2%

-0.3%

-1.0%

-1.5%

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

-400

-200

0

200

400

600

800

1,000

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016

Net profit Net profit margin %

-155.7% -251.3%

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BUSINESS UPDATES

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Upstream Business - Rubber Plantation

Note: Information as of 31 March 2016

9

Under development

14%

Under gestation

85%

Tapping 1%

51,670 rai

8,267 HA

Area for Rubber Plantation

180 300

2,771 3,272

5,460

8,964

13,046

180 480

3,251

6,523

11,983

20,947

33,993

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2016 2017 2018 2019 2020 2021 2022

Mature plantationAccum. mature plantation

Estimated Mature Plantation

(rai)

Midstream Business – NR Processing

10

Technically Specified Rubber

Rubber Sheet

Concentrated Latex

Production Capacity (Mil. tons) Capacity Expansion Plan

0.5

0.6 0.8

1.1

1.3 1.3

1.5

1.9

0.7 0.8

1.0

1.3

1.6 1.7

1.9

2.4

0.0

0.3

0.6

0.9

1.2

1.5

1.8

2.1

2.4

Optimum capacityEngineering capacity

• In 2016, a new plant in Loei and

two expansion plant in Buriram and

Ubon RatchThani adding around

209,000 tons (or adding optimum

capacity of 120,000 tons).

• Engineering capacity in 2016

included capacity of Thaitech

Rubber Co., Ltd. of 315,360 tons.

(Optimum capacity = 254,016 tons)

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