Thai Optical Group PCL.

Opportunity Day Tuesday, Sep 9th, 2014

The Stock Exchange of Thailand

DISCLAIMER

The following presentation may contain forward looking statements by the Management Team of Thai Optical Group Public Company Limited (the Company), related to financial or other tendency for future periods, compared with the results for previous periods.

Some of the statements contained in this presentation that are not historical facts but it are statements of future estimations with respect to the financial conditions, results of operations and businesses, and related plans and objectives. Disclaimer information is based on management’s current views and assumptions including, but not limited to, prevailing economic and market conditions. These statements involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those in the statements as originally made. Such statements are not, and should not be constructed as a representation as to future performance of the Company. In addition, such statements should not be regarded as a forecast or projection of future performance of the Company. It should be noted that the actual performance of the Company may vary significantly from such statements in this presentation.

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Industry trend.

Mission and strategy

Update Yr 2014 and H1 /2014.

Estimation 2014.

Key improvements.

Review plan and look into future.

3

Market size and potential

Global population 7.2 billions

100%

1.8 billions current wearers ( 25%)

Use Prescription spectacles CAGR +3%

60%

Need

Vision

Correction

4.3 Billions

CAGR +2%

2.5 billions potential wearers (35%)

Use non-prescription eyewear

Or use nothing

untapped market

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Breakdown Lens Raw materials shares

Total = 892 Million pcs, estimated Source: PPG + estimated data

18

131

147

904

world lens consumption in 2014 forecasted

other hi-impact Poly Mineral Plastic

Mineral

Total = 1,200 Million pcs, forecasted

Plastic

1.5-mid-hi-indexes

CAGR +7%

Plastic

1.5-mid-hi-indexes

Mineral

Poly

Other hi-impact

CAGR +13% Other hi-impact

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Corporate strategy

Efficient use of resources

Supply chain

Oriented accounts

Balance cost efficient-Long term growth

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Operational and management efficiency

Corporate Social responsibility Mission: We provide complete solutions of vision correction products and services at effective cost and international standard quality.

• Choices of digital surface optic design

• Punctual supply

• Continuous cost effective.

• Innovative solution

• Support competitive advantage.

• Potential volume business.

• Good combination of lens properties best suit its key function.

• Cost effective.

• Cost effective.

• Reliable supply. Basic lens materials

casting

Advance lens materials casting

Individual prescription lenses.

Prototype manufact

uring

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Core business and value offering

Corporate relationship style

Be resourceful manufacturer.

Strive for opportunity to team up in innovative projects which leads to strategic volume supply.

Price/

Quality Benefit partners’ business value.

Surpass industrial standards quality.

Brand Seek opportunity to build up brand awareness in high opportunity areas, ex; Thailand - Vietnam.

Corporate Characters

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Sales value by geography: H1/2014

3% -

46% up 21%

15% up 16%

31% up 18%

8% up 29%

Compare H1/2014 vs H1/2013

9

10

EU AU

NZ

As

Am

H1/2013 H1/2014

32 46

7

0

46

31

15

8

Rx Val Std

11

Investment

Casting facilities

Invest

Productivity

Improvement

87

Cost of Goods Sold Record

H2/2014 + exchange rate + Products mixed + Productivity - Price decreases

32.50

THB/USD

31.50

THB/USD

31

THB/USD

30.50

THB/USD

32.32

THB/USD

30.50

THB/USD

12

Av: 75%

32.5

THB/USD

13

8 % 10% -10 %

11 %

-22 %

26 %

14 %

17 % GROWTH Rate

* New

14

F

M THB

Year

(excluding income from trading-others income categories)

17% Original plan

Up 9%

New plan

Up 17%

Rx

Val

Sales Breakdown by Product Categories

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AV H1/2014

Rx

Val

Std

5%

31%

37%

27%

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(Consolidated) Year 2012 Year 2013 Q2/2013 Q1/2014 Q2/2014

EBITDA 22% 21% 23% 25% 23%

Gross Profit (Loss) Margin 17% 21% 21% 26% 24%

Net Profit (Loss) Margin 11 % 9% 11% 14% 12%

ROE 11% 10% 9% 10% 12%

ROA 11 % 10% 9% 10% 12% Ratio of Liability to Capital (Times) 0.29 0.21 0.25 0.22 0.26 Earnings (Loss) per Share (Baht) 0.35 0.33 0.10 0.14 0.12

Dividend Payout Ratio 77% 86% n/a n/a n/a

Book Value per Share (Baht) 3.24 3.44 3.40 3.65 3.57

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Productivity improvement

• Capacity increase without major investments, casting:

– Increase by 50% for casting within a period of time.

• Production cost reduction:

– Targeting 5% down annually for Rx.

– Targeting 3% - 5% down annually for casting.

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Forecast

19

302%

Forecast

20

21

Incremental growth CAGR 6%

-diversified existing products-business, mid-high indexes -productivity improvement -small to mid sizes retails & wh. -Thai - AEC - alliances

1900

2500

AGR

5%

AGR

3%

AGR

7.5% 17%

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Distribution channels of each Standard Category : 20%-Manufacturers, 15%-Distributors and Labs, 65%-Retails

Premium Category: 40%-Manufacturers, 30%-Distributors and Labs, 30%-Retails

Rx Category: Less than 1%-Manufacturers, 30%-Distributors, 70%-Retails

Distributors

Distributors

Distributors

Retails

Retails

Retails

Manufacturers Manufacturers

Sales breakdown by geography projected 2014

23

30%

15%

8%

47%

Sales breakdown by geography projected 2019

24

28%

20%

9%

43%

High impact resistance lens mkt

TRIVEX-Tribrid Mid-High indexes mkt

Potential business TRIVEX

25

AS SV

Potential in US market

Replacement

Poly. Mid. 1.5. High

Potential business high index

26

Super thin and flat

Wider distortion free areas

DUO

Conventional lens DUO

DUO DUO

Forecast

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Potential business 2014 - 2019

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More than 6 times stronger

than conventional 1.6

Pass US-FDA without primer coat

Hi-Technology

Hybrid molecule

structure

Russian version poster

Productivity improvement makes closer gaps

WELCOME TO EXPERIENCE OUR PRODUCTS AND SERVICES

Website: www.thaiopticalgroup.com

Email: ir@thaiopticalgroup.com

Tel: 02-4400506 ext 112 or 113

Fax: 02-8620705

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