Asia Green Energy Public Company Limited

Company Presentation

Opportunity Day

Q2/2019

1

1. AGE Overview2. Financial Performance3. Business Outlook

Agenda

2

Agenda

1. AGE Overview AGE Business and Process Our Business Structure Beyond Coal Supply Environmentally Friendly Process Awards of Pride

3

AGE Overview - AGE Business and Process

• Sourcing and distributing high-quality clean coals (Bituminous) from Indonesia and Russia

• Environmentally friendly logistics service provider

4

Trading Business• Sourcing and Distributing high-quality Clean Coals (Bituminous) from Indonesia and

Russia

Bituminous coal is a dense and solid coal, typically composed of shiny jet-black coal layers, and popularly used as substitute fuel for furnace oil inIndustrial plants.

Power Plant cement Industry Textile Industry Paper Industry Food and Beverage Industry Others

Customers

AGE Overview - AGE Business and Process

5

Coal Mining Vessel Lighter PortStockpile

ScreeningTrucking

Sales Coal to

Customers

Vessel/Barge

Domestic

OverseaSales Coal

to Customers

AGE Overview - AGE Business and Process

Coal Mining

Coal Trading

6

Service Businesses

1. Port Services 2. Stockpile and Screening Services

3. Trucking Services 4. River Transportation Services

Cement Coal Biomass

Agricultural crops Others Products

AGE Overview - AGE Business and Process

7

Vessel Lighter Port Trucking Customers

AGE Overview - AGE Business and Process

Stockpile

Screening

Services

8

AGE Overview - Our Business Structure

100%

100%

99%

70%

100%

99.33%

100%

100%

100%

94%

9

Services

Coal

Screening

Stockpile

Port

Logistics

Coal Sourcing & Deliver Quality

AGE Overview - Beyond Coal Supply

10

AGE Overview - Environmentally Friendly Process

11

2012 2013 2014 2015 2016 2017 2018

Green Industry Level 3

Thailand Coal

Awards

EcoIndustrial

Town

CSR-DIW Continuous

Award

CSR-DIW Continuous

Award

CSR-DIW Continuous

Award

CSR-DIW Continuous

Award

Green Industry Level 2

CSR-DIW for BeginnerAward

CSR-DIW for BeginnerAward

CSR-DIW In Supply

Chain Award

THSI 2018

Rising Star Sustainability Awards 2018

CSR-DIW Continuous

Award

Green Industry Level 4

AGE Overview - Awards of Pride

12

1. AGE Overview2. Financial Performance3. Business Outlook

Agenda

13

Financial PerformanceCoal Sales Quantity

79.5%96.8% 96.4%

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Q2-18 Q1-19 Q2-19

Tons

Domestic Overseas

960,638

684,363766,164

Coal Sales Revenue

88.4%97.9% 97.6%

-

500

1,000

1,500

2,000

2,500

Q2-18 Q1-19 Q2-19

Million Baht

Domestic Overseas

1,958.7

1,611.31,540.7

QoQ +12.0%YoY -20.2%

QoQ +4.6%YoY -17.7%

14

24%

44%

32%Screened Size

Direct Shipment

Mixed Size

Financial PerformanceCoal Domestic Structure Q2/2019 Coal Overseas Structure Q2/2019

0.74 Million Tons

1,573 Million Baht

100%

Vietnam0.03 Million Tons

38.62 Million Baht

16

Revenue from Services

Financial Performance

89

110 104

-

20

40

60

80

100

120

Q2-18 Q1-19 Q2-19

Million Baht

QoQ -5.5%YoY +16.9%

Revenue from Services Structure

50%

20%

21%

5% 4%

Diesel ServiceCenter Trucking

Services

River Transportation

Services

Screening ServicesPort & Stockpile

103.75 Million Baht+16.2%

19

Financial Performance

2,048

1,650 1,715

-

500

1,000

1,500

2,000

2,500

Q2-18 Q1-19 Q2-19

Million Baht

Total Revenue

QoQ +3.9%YoY -16.3%

21

QoQ -15.9%YoY +4.3%

9.1%

14.1%

11.4%

Gross Profit & Margin

187.1

232

195.1

0

50

100

150

200

250

Q2-18 Q1-19 Q2-19

Million Baht

83.8

129.9119.2

0

20

40

60

80

100

120

140

Q2-18 Q1-19 Q2-19

Million Baht

46.5

80.671.2

0

20

40

60

80

100

Q2-18 Q1-19 Q2-19

Million Baht

Financial PerformanceEBITDA & Margin Net Profit & Margin

2.3%

4.9%

4.2%

4.1%

7.9%

7.0%

23

ROA ROE

D/E EPS

1.5%

2.3% 2.2%

0.0%

1.0%

2.0%

3.0%

Q2-18 Q1-19 Q2-19

% Quarterly

3.2%

5.1%4.3%

0.0%

2.0%

4.0%

6.0%

Q2-18 Q1-19 Q2-19

% Quarterly

Financial Performance

2.31.9

1.5

0

1

2

3

Q2-18 Q1-19 Q2-19

Times

25Remark : EPS was calculated by using the number of shares at the original par value (Baht 0.25 per share)

0.024

0.04170.0368

0.000

0.010

0.020

0.030

0.040

0.050

Q2-18 Q1-19 Q2-19

Baht

Financial PerformanceTotal Liabilities & Shareholders’ EquityTotal Assets

3.9%

35.4%

29.9%

28.3%

2.5%

Inventories

PP&E

Others

Cash

AR

4,261.69 MB.

39.8%

2.9%8.6%

17.8%

30.8%

4,261.69 MB.

Short-Term Loans

AP

Long-Term LoansOthers

Equity

2630 June 201930 June 2019

Agenda

1. AGE Overview2. Financial Performance3. Business Outlook

28

Agenda

3. Business Outlook Coal Market Port Development Plan Update Lighter project Energy Solution Business

29

99.05 98.35 97.45 78.85 86.25 73.5 70 69.15 65.05

105.3 104.75 99.9593.9 102.5 112.8 116.1 117.45 114.8

0

100

200

300

2/1/2019 2/2/2019 2/3/2019 2/4/2019 2/5/2019 2/6/2019 2/7/2019 2/8/2019 2/9/2019

USD/Ton

2019 2018

Coal Import 187.4 MT. (Jan.–Jul.2019) YoY 7%

Coal Import 40.62 MT. (Apr.-May 2019) YoY 23%

** Apr.-May 2018 is 33.03 MT. **

Coal Import 29.6 MT. (Jan.-Aug.2019) YoY 122%

Coal Import 13.68 MT. (Jan.- Jul.2019) YoY -6.17%

Coal Export 268 MT. (Jan.-Jul. 2019) YoY 7.81%

Business Outlook - Coal Market

61.350.97

58.9

36.7

55.44 57.86

14.119.1

23.9

15.7

19.18 22.01

0

50

100

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19

Million tons Thermal coal Other Coal

1.000.882.462.59

3.553.563.402.813.61

2.813.974.103.77

6.575.13

7.18

9.37

11.73

0.00

5.00

10.00

15.00

Q1

-15

Q2

-15

Q3

-15

Q4

-15

Q1

-16

Q2

-16

Q3

-16

Q4

-16

Q1

-17

Q2

-17

Q3

-17

Q4

-17

Q1

-18

Q2

-18

Q3

-18

Q4

-18

Q1

-19

Q2

-19

Million tons

Jan Feb Mar Apr May Jun July Aug Sep

30

New Castle Index China Coal Imports

Vietnam Coal Imports

Business Outlook - Port Development Plan

31

32

Business Outlook - Update Lighter project

AGE and Alliances established “AT Energy Solution Co., Ltd”; the joint venture company for Energy Solution Business in proportion for the share equity ;

AGE : 45% / TRC : 45% / APTECH : 10%

Business Outlook – Energy Solution Business

33

DISCLAIMER

The views expressed here contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Asia Green Energy Public Company Limited.

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