Opportunity Day Q1-2021

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Opportunity Day Q1-2021

June 2,2021

INNOVATIVE LOGISTICS SERVICE &SOLUTION PROVIDER

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Agenda

INNOVATIVE LOGISTICS SERVICE & SOLUTION PROVIDER

AGENDA1. Q1-2021 HIGHLIGHT2. PERFORMANCE IN Q1-20213. BUSINESS PLAN

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1Q2021 HIGHLIGHT

Overview

WICE Logistics Public Company Limited was establishedin 1993.

The Leader of total logistics service and solution provider.

WICE provides worldwide Sea Freight Air FreightCross Border Services and Supply Chain Solution

WICE has a strong global network and is a trustworthy pick of customers and partners.

5 Facilities in Thailand.5 Oversea offices in Singapore , Hong Kong ,Shanghai , Guangzhou and Shenzhen

INNOVATIVE LOGISTICS SERVICE & SOLUTION PROVIDER 4

Overview


Air Freight

Sea FreightSupply Chain Solution

Cross Border Service

CORE BUSINESS

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6INNOVATIVE LOGISTICS SERVICE & SOLUTION PROVIDER

WICE Logistics Public Company Limited.

(Capital 325 million baht )

WICE Supply Chain Soluitons

Co., Ltd

WICE Logistics (Singapore) Pte. Ltd.

WICE Logistics

(Hong Kong) Ltd.

Guangzhou WICE Logistics

Ltd.

WICE Logistics (Shenzhen) Ltd.

Guangzhou WICE Logistics Ltd.

(Shanghai Branch)

Euroasia Total Logistics Co., Ltd.

(Joint Venture)

Euroasia TransportCo.,Ltd. ETL MY ETL VN ETL CN

99.99%100% 80% 40%

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WICE Group Structure


Q1-2021 Highlight

The Board of Directors' meeting on February 24, 2021 was approved Euro Asia Total Logistics Co., Ltd. (ETL) as a subsidiary of the Company. Appoint Jay Capital Advisory Co., Ltd. to be a Financial Advisor by the SEC. Also appoint Maybank Kim Eng Securities (Thailand) Public Company Limited to be the Underwriter and guarantee the sale of newly issued ordinary shares to preparing information for IPO on MAI within 2022

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PERFORMANCE IN Q1-2021

INNOVATIVE LOGISTICS SERVICE & SOLUTION PROVIDERUnit : MB

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657

1,038916

1,3941,287

Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021

Total Revenue

657

1,287

3M/2020 3M/2021

- The automotive industries are recovering since Q4/ 2020 continuously which make ocean freight back in the Company's operatingresults.

- Demand of Electronic products still ongoing which make air freight continue growing.- Cross-border services have more demand along with the company increased the capacity to support.

Total Revenue Q1 Q2 Q3 Q4

Y2021 1,287.36

Y2020 656.62 1,038.08 916.39 1,394.48

Y2019 482.97 546.19 590.71 611.01

3M YoY

1,287.36 96%

656.62 36%

482.97 25%


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132.73 140.25 162.62

219.75

415.52

26.41 36.47 38.45 34.3071.69

Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021

Sea FreightService Income Gross Profit

- The automotive industries are recovering- The container shortage situation affect to the rising freight cost

Sea Freight YoY QoQ

Revenue 213% 89%

Gross Profit 171% 109%

Sea Freight Q1 Q2 Q3 Q4

Service Income

Y2021 415.52

Y2020 132.73 140.25 162.62 219.75

Y2019 182.45 151.36 167.78 148.66

Gross Profit

Y2021 71.69

Y2020 26.41 36.47 38.45 34.30

Y2019 24.21 43.28 30.89 49.09

Gross Profit Margin

Y2021 17.3%

Y2020 19.9% 26% 23.6% 15.6%

Y2019 13.3% 28.6% 18.4% 33.0%


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310.67

614.36

436.33

766.09

437.89

50.12 66.89 73.18 90.39 77.81

Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021

Air FreightService Income Gross Profit

Air Freight YoY QoQ

Revenue 41% -43%

Gross Profit 55% -14%

Air Freight Q1 Q2 Q3 Q4

Service Income

Y2021 437.89

Y2020 310.67 614.36 436.33 766.09

Y2019 175.42 181.49 215.46 240.90

Gross Profit

Y2021 77.81

Y2020 50.12 66.89 73.18 90.39

Y2019 26.41 32.48 52.13 69.34

Gross Profit Margin

Y2021 17.8%

Y2020 16.1% 10.9% 16.8% 11.8%

Y2019 15.1% 17.9% 24.2% 28.8%- The Electronic industry is growing continuously, The revenue from air

freight is growing as well- Limited air freight space making the cost is in the high level


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133.01

232.27 242.42

372.07 380.97

19.45 38.36 37.33 41.98 47.15

Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021

Cross Border ServiceService Income Gross Profit

CBS YoY QoQ

Revenue 186% 2%


CBS Q1 Q2 Q3 Q4

Service Income

Y2021 380.97

Y2020 133.01 232.27 242.42 372.07

Y2019 63.26 119.48 98.81 198.322

Gross Profit

Y2021 47.15

Y2020 19.45 38.36 37.33 41.98

Y2019 7.15 -2.21 -4.25 -22.64

Gross Profit Margin

Y2021 12.4%

Y2020 14.6% 16.5% 15.4% 11.3%

Y2019 11.3% -1.8% -4.3% -11.4%

- Cross-border is a popular service with the constant demand- Increase capacity by adding 200 containers to accommodate more volume


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91.22

78.75 83.00

88.32 94.27

18.9312.42 15.58 17.23

22.66

Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021

Supply Chain SolutionsService Income Gross Profit

Supply Chain Solutions

Q1 Q2 Q3 Q4

Service Income

Y2021 94.27

Y2020 91.22 78.75 83.00 88.32

Y2019 88.47 85.47 125.90 54.64

Gross Profit

Y2021 22.66

Y2020 18.93 12.42 15.58 17.23

Y2019 19.05 3.34 19.93 4.07

Gross Profit Margin

Y2021 24%

Y2020 20.8% 15.8% 18.8% 19.5%

Y2019 21.5% 3.9% 15.8% 7.4%

SCS YoY QoQ

Revenue 3% 7%


- Expanded in Warehouse/ Distribution making more income since beginning of 2021

- Long term contact would make a recurring income


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Sea Freight28%

Air Freight35%

Cross Border Services

21%


16%

2019

Sea Freight16%

Air Freight52%


24%


8%

2020

Sea Freight31%

Air Freight33%


29%


7%

Q1/2021

- Sea freight ratio higher to 31%- Cross-Border Services also higher to 29%


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30.27

55.27 56.16 59.39

81.60

Q1/2020 Q2/2020 Q3/2020 Q4/2020 Q1/2021

Net Profit

30.27

81.60

3M/2020 3M/2021Net Profit Q1 Q2 Q3 Q4

Y2021 81.60

Y2020 30.27 55.27 56.16 59.39

Y2019 11.65 9.43 27.54 13.35

Net Profit Margin

Y2021 6.3%

Y2020 4.6% 5.3% 6.1% 4.3%

Y2019 2.4% 1.7% 4.7% 2.2%

3M YoY

81.60 170%

30.27 160%

11.65 -37%

- Net profit 81.60 Million Baht increasing 169.58% from Q1/ 2020- Net profit of Q1/ 2021 has been considered the company’s new high for 5 consecutive quarters


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1,073 953

542 449

662 644

31-MAR-21 2020

Total Assets

Non Current Assets

Other Current Assets

Trade and Other Receivables

727 464

118

64

102

48

123

111

976

887

2020 2019

Total Liabilities And Shareholders'equity

Shareholders' equity

Other Non Current Liabilities

Long Term Loans

Other Current Liabilities

Trade and Other Payables

Total Assets 31-Mar-21 31-Dec-20 %Trade and Other Receivables 1,073 953 13%Other Current Assets 542 449 21%Non Current Assets 662 644 3%Total Assets 2,277 2,046 11%

Total Liabilities and Shareholders'equity 31-Mar-21 31-Dec-20 %Trade and Other Payables 805 727 11%Other Current Liabilities 162 118 37%Long Term Loans 140 102 37%Other Non Current Liabilities 105 123 -14%Total Liabilities 1,212 1,070 13%Total Shareholders'equity 1,065 976 9%

- 11% increase in asset caused by the increase in receivable from increased sales.- 13% increase in debt caused by the increase creditors / Variable costs based on sales.- There is a partial loan from financial institution for working capital in Euroasia Total Logistics limited


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1.77

1.66 1.67

2019 2020 Q1/2021

Current Ratio (Times)

0.771.10

1.14

2019 2020 Q1/2021

Debt / Equity Ratio (Times)

4.77%

18.43%19.97%

2019 2020 Q1/2021

Return on Assets (ROA) %

7.66%

24.07%28.02%

2019 2020 Q1/2021

Return on Equity (ROE) %

3 2

2

2019 2020 Q1/2021

Cash Cycle (Day)

0.10

0.31

0.13

2019 2020 Q1/2021

Earning Per Share

Ratio 2019 2020 Q1/2021

Current Ratio (Times) 1.77 1.66 1.67

Debt / Equity Ratio (Times) 0.77 1.10 1.14

Return on Assets (ROA) % 4.77% 18.43% 19.97%

Return on Equity (ROE) % 7.66% 24.07% 28.02%

Average Collection Period (Day) 80 67 67

Payment Period (Day) 77 65 65

Cash Cycle (Day) 3 2 2

Earning Per Share 0.10 0.31 0.13

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BUSINESS PLAN


Core Business Capabilities

Sea Freight

Air Freight

Cross Border Service (FTL/LTL)

Supply Chain Solution

M&A (Merger & Acquisition)

JV (Joint Venture)

Inorganic Growth

Organic GrowthGrowth Strategy


Economic growth

EXPORT 2021 IMPORT 2021

8.47%

14.12%Commodity

Auto Parts

IT& Electronics

Home Appliances

Food

Ref. Information Technology and Communication CenterMinistry of Commerce

Country

1. USA 2. China3. Japan4. Vietnam5. Hong Kong

Mar 2021Mar 2021

Country

1. China2. Japan3. USA 4. Malaysia5. Switzerland

Commodity

Crude Oil

Chemical

Gold

COVID Vaccine


Air Freight Electronic trend in 2021 grows 5-10%Air freight remained high level

Sea Freight Thai exports in 2021 will return to expand 6-8%Auto parts industry recoverContainer shortage / Freight soar

Cross Border Service• Strong demand• Increase revenue 30%

Supply Chain Solution • Linking International and Domestic

Services

Business Outlook Y2021

22INNOVATIVE LOGISTICS SERVICE & SOLUTION PROVIDER 22Innovative Logistics Service & Solution Provider

ROAD MAP WICE GROUP

2015 2016 2017 2018 2019 2020 2021(F)

690 1,0351,403

1,8502,231

4,005

4,800

Growth 20%NI 6%

+50%+36%

+32%

+24%+20%

“WICE Year of Harvesting” 22

+79%


Business Plan Y2021

1. Expanding USA market2. Package Service Through Chinese Manufacturing Re-

location to Thailand3. Opening New Warehouse4. Invest 200 Containers5. Promote LTL: Less Truck Load6. Preparing ETL listed on the stock market in Y22


Business Plan Y2021

COMMODITY

• Automobile parts

• Home Appliances

• Electronics

Expanding USA market

TARGET VOLUME

➢ 6,000 TEUS /YEAR


Package Service through Chinese Manufacturing Re-Location to Thailand

• Trade war /Re-location • Corporate– WICE China• Kitchenware / Electronic / Auto parts /Solar cell• Increase revenue 200 MB

Business Plan Y2021

WAREHOUSE KEY FACTS Focus Industry Vertical

Bar Code Scanning

Co-packing

Kitting

Label Printing/Application

Pick & pack

Postponement

Quality Assurance Inspection

Repacking

Returns Processing

Shrink-wrapping

Return

Vertical Service Integration Distribution Center

Warehouse Address 11/11 Bangna-Trad Km. 18

Warehouse Type General WarehouseStorage Type Ambient & Temp Control

Selective RackMezzanine Floor

Dedicated Space 10,000 m²Net Ceiling Clearance 10 mFloor Bearing Capacity 3 Ton / m²No. of Receiving & Loading Bay 11 DockOffice Space AvailableSecurity 24-hour CCTV

Security GuardsFire Control Facilities Fire Hydrant

Fire Extinguisher

SERVICE SOLUTIONS

• Inventory Storage & Management Service with state of art WMS

• Order Fulfillment with API Order Integration with Customer ERP

• On Demand Value-added service for business & trade compliance

• Nationwide Distribution (LTL & FTL)

• B2B Delivery : UPC Sales Channel, MT DC and Project Delivery

• B2C Delivery : Home Delivery with Installation

• Delivery Track & Trace on Mobile with E-POD

• Increase revenue 100 MB.

OUR SERVICES, YOUR ADVANTAGES• Accelerate your business growth with WICE logistics network

• Maximize your inventory asset and improve your logistics cost

• Improve your decision making with Visibility Tool

TV

Retails Consumer Electronics AutomotiveHi-Tech

Value-added Service

Opening New Warehouse


o 45FT Reefer Container o 45FT Double-Decker Container (Link)o 45FT Extra Height Container

• In 2021, trips have increased to 1,200 Trip• Service optimization

Invest 200 Containers

Business Plan Y2021

Leveraging on the multi-modal approach, ETL do also provides ASEAN to Europe Road Rail connectivity via China train gateway covering most major European cities.

Business Plan Y2021


Full –truck Load (“FTL”) Routing Map

Business Plan Y2021Business Plan Y2021


Road – rail Routing Map

Business Plan Y2021Business Plan Y2021


Promote LTL: Less Truck Load

• LTL shipments are smaller shipments that will not fill an entire truck, leaving space for other small shipments.

• LTL shipments are cheaper because you will only pay for the space that you use.

Business Plan Y2021

COMMODITY

• Automobile parts

• Electronics

CONTRIBUTION

GP 40%


Less – truck Load (LTL) Services

Business Plan Y2021

Door to Door Delivery

2 Departures / Week


Preparing “ETL” listed on the stock market in Y22

• Appoint a financial advisor (FA) -Jay Capital Advisory Co., Ltd.• In the process of preparing information for IPO• Appoint the Board of Directors• Listed on the stock market in Y2022

Business Plan Y2021


Ultimate Growth “WICE ASIA”

“Building WICE to be the Leading of International Logistics Service and Solution Provider in Asia”

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DisclaimerThe information contained in this presentation is strictly confidential and is prepared and provided by WICE Logistics Public Company Limited. (the “Company” or “WICE”) to you solely for your reference. By viewing all or part of this presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this presentation. By attending this presentation, you are agreeing to be bound by the restrictions setout below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. Neither this presentation nor any part thereof 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 or elsewhere. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and its 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, the information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information 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 make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. 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 this presentation or its contents.

In addition, this presentation contains financial information and result of operation, and may contain certain projections, plans, strategies, and objectives of the Company, 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 future events 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 and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. 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 looking statements.

In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct any inaccuracies therein which may become apparent

Innovative Logistics Service & Solution Provider 34

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“ Innovative Logistics Service &Solution Provider ”

IR Contact :Email: [email protected]: 02-681-6181 ext 3501

Documents

Opportunity Day Q1-2021