Oct-11

Institutional Presentation

August 2011

Oct-11

Disclaimer This presentation may include forward-looking statements representing expectations about future events or anticipated result

based on factors such as economic scenario, market conditions and expected future events, over many of which the Company

has no control. This material includes forward-looking statements subject to risks and uncertainties, which are based on

current expectations and projections about future events and trends that may affect the Company’s business. These statements

include projections of economic growth, as well as information about competitive position, the regulatory environment,

potential opportunities for growth and other matters. Several factors may adversely affect the estimates and assumptions on which these statements are based.

Among the factors that may lead to materially different between actual results and anticipated results expressed in such

forward-looking statements include: (i) the effect of, or changes in, general economic conditions of Thailand and other major

trading countries such as GDP growth rate, interest rate, foreign exchange rate, import/export restriction, labor wage, and

unemployment rate; (ii) fluctuations in the cost and availability of inputs and raw materials, such as feed grains (including corn

and soybean meal); (iii) market conditions for finished products, including competition from other global and domestic food

processors, demand, supply and pricing of competing products and alternative proteins, and changes in consumer preference

and diets; (vi) outbreak of a livestock disease such as avian influenza (AI), which could have an adverse effect on livestock we

own, the availability of livestock we purchase, consumer perception of certain protein products or our ability to access certain

domestic and foreign markets; (v) issues related to food safety, including costs resulting from product recalls, regulatory

compliance and any related claims or litigation; and (vi) compliance with and changes to regulations and laws (both domestic

and foreign), including changes in accounting standards, tax laws, environmental laws, agricultural laws and occupational,

health and safety laws.

The content and forward-looking statements state within this presentation only as the date they made. The Company

undertakes no responsibility on changes after that date stated herein. The material set forth herein is for informative purposes

only. It should not be taken as an offer of securities for sale.

Oct-11

3

Company Overview

Q2Y11 Performance

Industry Outlook

A g e n d a

Oct-11

Company Overview

Oct-11

5

Symbol GFPT (member of SET100 and SETHD)

Industry / Sector Agro & Food Industry / Agribusiness

Corporate Governance (2010) Very Good [80 – 89 CG Report Score]

Position To become a leading manufacturer in livestock and agricultural business, the

company sets its operational policies to comply with the international food standards to ensure quality and safety of our products

Closed Price (30/06/2011) THB 11.0 per share (52 week High / Low: 12.10 / 7.30)

Share Outstanding 1,253.82 million share @ 1 Baht per share

Market Cap. (no. of Shareholders) THB 11,785.91 million (6,620 shareholders)

% Free Float (8 Apr 2011) 43.12 %

% Foreign Shareholder / %Limit 13.08% / 49.00 %

Top 5 Major Shareholder 1) Mr. Sujin Sirimongkolkasem 17.77%

2) Mr. Prasit Sirimongkolkasem 17.55%

3) Mr. Virach Sirimongkolkasem 14.36%

4) Nichirei Foods Inc. 4.52% 5) Mr. Anucha Kijthanamongkolchai 4.11%

Dividend Policy Not more than 50% of net profit of Company's separated financial

statement after deductions of any reserved portion required by law or the Company (with additional conditions)

C o m p a n y P r o f i l e

Oct-11

6 30 years Roadmap

Initially established

1981

1991

99.99% in GFF (sausage plant) 65% in KT (feed mill)

Listed in the Stock Exchange

of Thailand 1992

1993

49% of McKey (further processing plant)

2008 New feed mill plant (KT2) @ Cholburi area 49% of GFN (chicken processing and further

processing plant)

Stock split from THB 10 to

THB 1 per share

2010

2003

99.99% of GP (grandparent farm)

1990

99.99% in FKT (parent breeder farm) 99.99% in MKS (broiler farm)

Oct-11

7

Company Objective

GFPT GFPT Public Company Limited Slaughter House and Further Processing Plant

96.86% KT Krungthai Feedmill PCL. Feed mill

100% MKS M.K.S. Farm Co., Ltd. Broiler Farm

100% FKT Krungthai Farm Co., Ltd. Breeder Farm and Hatchery

100% GP GP Breeding Co., Ltd. Grandparent Breeder Farm

100% GFF GF Foods Co., Ltd. Processing Plant

49% MCK McKey Food Services (Thailand) Ltd. Further Processing Plant

49% GFN GFPT Nichirei (Thailand) Co., Ltd. Slaughter House and Further Processing Plant

GFPT Fully Integrated Chicken Production

GFPT KT MKS FKT GP GFF

Feed mill Parent Breeding Farm

Slaughter House Broiler Farm Grand Parent

Breeding Farm Processing / Further Plant

GFN MCK

GFPT Group Structure

Animal Feed / Aqua Feed

Breeder Day-old-Chick Broiler Day-old-Chick Broiler Cooked Chicken / Chicken Meat Product Sausage

Cooked Chicken / Chicken Meat Product Cooked Chicken

Oct-11

Oct-11

8 Fully Integrated Chicken Production

Source: 2010 Company Data

Broiler

M K S

F K T

Broiler DOC Breeder DOC

G P

K T 1

Animal Feed

Aqua Feed

K T 2

Broiler Feed

M C K

Cooked Product

G F F

Sausage

G F P T

Chicken Meat

Chicken Part

Cooked Product

Chicken Meat

Chicken Part

Cooked Product

G F N

95%

15% 10%

100%

100%

100%

100%

Internal Use

External Sell

2010 Capacity expansion

From 12,000 MT to 24,000 MT

2010 New JV Plant (SH & FP)

Require live chicken from GFPT

Group @ 100,000 bird per day

2010 -2011 Farm expansion

From 150,000 to 250,000 bird

per day

2008 New Feed mill

Utilization increase; thus,

feed cost decrease.

2011 Farm expansion

Corn (Local)

Soybean Meal (Local)

Soybean (Import)

GP DOC (Import)

Oct-11

9

41% Animal Feed

21% Fish Feed

38% Shrimp Feed

F Y 2 0 1 0 R e v e n u e B r e a k d o w n

Food 58%

Feed 35%

Farm 7%

Total Revenue 12,472 million THB

31% Broiler

66% DOC

3% PS DOC

40% By-Product

35% Cooked

22% Fresh Meat

3% Sausage

Oct-11

10

Broiler sales to GFN

Chicken Price increase

o Domestic market

o Global market

Feed sales growth

2 0 1 1 S t r a t e g y & D r i v e r s

2,355 2,902 3,163 3,088

2,843 2,996 3,310 3,323

3,059

3,518

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Qtr1 Qtr2 Qtr3 Qtr4

Revenue by Quarter (mn THB)

2009 2010 2011

Growth Drivers 2011

7,221 8,122

10,996 11,507

12,472

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2006 2007 2008 2009 2010

Consolidated Revenue (mn THB)

2,010 2012

58% 50%

35%

7%

25%

25% 25%

17% yoy

15% qoq

Oct-11

11

MKS: Broiler Farm Expansion FKT: Parent Stock Farm and

Hatchery Facility

44%

28%

45%

30% 34%

56%

72%

55%

70% 66%

2006 2007 2008 2009 2010

Operating Expenditure Capital Expenditure

2006 – 2011 Capital Expenditure

• GP Breeding: New Grand Parent Farm and Hatchery facility 2006

• GFPT: Further Processing Plant Expansion • KT2: New Feedmill at Chonburi Province

2007

• KT2: New Feedmill at Chonburi Province (Cont.) 2008

• KT2: New Feedmill at Chonburi Province (Cont.)

• GFPT: New Worker Dormitory • GFN: Investing in GFN

2009

• GFN: Capital Increase • GFPT: Further Processing Plant Expansion • MKS: Broiler Farm Expansion

2010

800-1,000 mln Baht 2011

Oct-11

12 GFN Transaction GFN Joint Venture between GFPT 49% and NFI (51%)

Objective To product and distribute cooked chicken products to Japan and international

markets

Operation Slaughter House and Further Processing Plant

Capacity SH @ 100,000 birds per day and FP @ 1,500 MT per month

Project Investment Project Investment: 2,250 million Baht

Registered Capital 1,170 million Baht

Capital Structure: GFPT 49% and Nichirei Foods 51%

BOI Privileges: Corporate tax exempt for 8 years

Products: Cooked Chicken products and Fresh Chicken Meat

MKS (GFPT) GFN Nichirei (JP)

Live Broiler Cooked Products

100,000

birds per day

1,500

MT per month

A Market Leader in Frozen

Processed Chicken Meat

Products in Japan

A Fully Integrated

Chicken Production

Company in Thailand

Strength: Quality and Safety Chicken

(100% own chicken farms)

Strength: Distribution Channel &

Marketing Expertise

Project and Capacity Plan:

2009: Factory construction

2010: Factory construction

2011: Ramp up capacity

Q1 @ 25,000; Q2 @ 50,000;

Q3 @ 75,000; Q4 @ 100,000

2012: Running at 100,000 bpd

Oct-11

13 M a r k e t P r i c e T r e n d

26

33

28

33

38 38 41

48 52

42

-

10

20

30

40

50

60

2004 2005 2006 2007 2008 2009 2010 Q1Y11 Q2Y11 Q3Y11(F) Q4Y11(F)

Domestic Broiler Price (Bt/Kg)

3,200 3,400 3,500

3,300

4,200 4,050 4,050 4,300

4,800

5,300

4,500

-

1,000

2,000

3,000

4,000

5,000

6,000

2004 2005 2006 2007 2008 2009 2010 Q1Y11 Q2Y11 Q3Y11(F) Q4Y11(F)

Cooked Chicken Price (USD/MT)

Source: Thai Broiler Processing Exporters Association

Oct-11

14

6 5 6

8 9

7

9 10

10

9

-

2

4

6

8

10

12

Maize (Bt/Kg)

8

13

8

12 12 12

17 19

22

18

-

5

10

15

20

25

Day-old-Chick (Bt/DOC)

13 11

10

13

17 16

14 14 13 13

-

2

4

6

8

10

12

14

16

18

20

Soybean (Bt/Kg)

26

33 28

33 38 38

41

48 52

41

-

10

20

30

40

50

60

Broiler Price (Bt/Kg)

Source: Market Data

Major Commodity Pr ice

Oct-11

2nd Quarter 2011

Performance

Oct-11

16

44% Animal Feed

22% Fish Feed

35% Shrimp Feed

Q 2 Y 2 0 1 1 R e v e n u e B r e a k d o w n

Food 53%

Feed 32%

Farm 15%

Total Revenue 3,518 million THB

87% Broiler

12% DOC

1% PS DOC

42% By-Product

27% Cooked

25% Fresh Meat

6% Sausage

Q2 Y2011 3,518 mn Bt

Oct-11

17

In million Baht Q2 Y11 Q2 Y10 %yoy Q1 Y11 %qoq

Revenue 3,518 2,996 17% 3,059 15%

Gross Profit 600 487 23% 490 23%

Profit before Associated

441 317 39% 355 24%

EBIT 451 335 34% 312 44%

Profit before Tax 413 301 37% 277 49%

Net Profit for GFPT 362 289 25% 252 44%

EPS * (THB/Share) 0.29 0.23 0.20

Profit Margin 17% 16% 16%

EBIT Margin 13% 11% 10%

Net Profit Margin 10% 10% 8%

Quar ter ly Financial Highlight

Note: Number of share is adjusted to 1 Bt per share for comparison purpose

Oct-11

18

In million Baht 6mo Y11 6mo Y10 %yoy

Revenue 6,577 5,839 13%

Gross Profit 1,090 958 14%

Profit before Associated 796 636 25%

EBIT 762 671 14%

Profit before Tax 690 605 14%

Net Profit for GFPT 614 576 7%

EPS * (THB/Share) 0.49 0.46

Profit Margin 17% 16%

EBIT Margin 12% 11%

Net Profit Margin 9% 10%

6 month Financial Highlight

Note: Number of share is adjusted to 1 Bt per share for comparison purpose

• New Revenue from

selling live chicken to

GFN approx. 840

million Baht

• Animal Feed growth

Oct-11

19 Gross Margin & Net Margin

471 487 587 470 490 600

17% 16% 18%

14%

16% 17%

0%

5%

10%

15%

20%

-

100

200

300

400

500

600

700

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Gross Profit

Gross Profit (mm Bt) Gross Margin (%)

319 317 428 318 355 441

11% 11%

13%

10%

12% 13%

0%

2%

4%

6%

8%

10%

12%

14%

-

50

100

150

200

250

300

350

400

450

500

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Operating Profit

Operating Profit (mm Bt) Operating Profit Margin (%)

186 190 192 196 199 204

18% 18%

19%

14%

17% 19%

0%

5%

10%

15%

20%

175

180

185

190

195

200

205

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

EBITDA

EBITDA (mm Bt) EBITDA Margin (%)

287 289 371 219 252 362

10% 10%

11%

7%

8%

10%

0%

2%

4%

6%

8%

10%

12%

-

50

100

150

200

250

300

350

400

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Net Profit

Net Profit (mm Bt) Profit Margin (%)

Oct-11

20

5,931 6,119

3,284

3,638

5,382 5,391

2,578 2,750

1,256 1,616

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2010 9,215 mm Bt Q2 - 2011 9,757 mm Bt

Fixed Assets Current Asset Equity LT Liabilities Current Liabilities

2.02 2.21 2.99 3.59 4.25 4.32 4.30

0.60 0.55 0.60

1.06

1.89 2.18

2.56

-

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

2006 2007 2008 2009 2010 Q1 - 2011 Q2 - 2011

Book Value (Bt/Share)

Book Value P/BV (x)

2,650 3,453 3,718 3,614 3,833 4,045 4,366

1.04

1.23

0.98

0.79 0.71 0.75

0.81

-

0.50

1.00

1.50

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2006 2007 2008 2009 2010 Q1 -2011

Q2 -2011

DE Ratio (x)

Total Liabilities (mm THB) D/E (x)

Balance Sheet

Oct-11

21 Feed Business

96,100 100,800 112,600 111,000 107,700 114,000 85,000

90,000

95,000

100,000

105,000

110,000

115,000

120,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Animal Feed (MT)

11,600 11,100 16,600 13,800 10,500 12,500 -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Fish Feed (MT)

11,900 13,500 17,400 14,300 9,800 13,000 -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Shrimp Feed (MT)

Oct-11

22 Chicken Meat Business

4,800 5,100 5,500 5,900 3,800 3,700 -

1,000

2,000

3,000

4,000

5,000

6,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Export Volume (MT)

5,000 4,900 4,500 4,000 4,200 4,500 -

1,000

2,000

3,000

4,000

5,000

6,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Indirect Export Volume (MT)

20,200 21,800 23,700 23,400 18,600 17,200 -

5,000

10,000

15,000

20,000

25,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11

Domestic Volume (MT)

Oct-11

Industry Outlook

Oct-11

24 37 Years of Thai Chicken Meat Export

0

100,000

200,000

300,000

400,000

500,000

600,0001973

1977

1982

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

20

11 (

F)

546,000 MT

Bird Flu

Shock

Source: Thai Broiler Association

Oct-11 Source: Thai Broiler Association

2,662 11,052 12,500 18,260 17,054 18,000

294,295 322,471

371,500 378,809 418,005 427,000

2006 2007 2008 2009 2010 2011 (F)

Raw Cooked

2011 Chicken Meat Export Forecast

GFPT

McKey

2010 GFPT Market Share

18,260

378,809

397,069

17,054

418,005

435,059

Raw

Cooked

Total

2010 2009

10%

44%

46%

Others

Asia

EU

Others Asia EU

10%

2010 Export By Destination 2010 Export By Product

Oct-11

26

Contact Person: Ms. Jutamas Ingpochai Email: jutamas@gfpt.co.th

Investor Relations Department

GFPT Public Company Limited 312 Rama 2 Road Bangmod Jomthong Bangkok 10150 Thailand

Phone: +66 2 473 8000

Fax: +66 2 473 8398

www.gfpt.co.th

IR Contact