SRISAWAD CORPORATION PLC. Thailand's Financial Convenience Store

COMPANY PRESENTATION

CONTENTS

COMPANY PROFILE 1

2 FINANCIAL HIGHLIGHTS

3 OPERATIONAL GOALS

4 INVESTMENT HIGHLIGHTS

5 CORPORATE SOCIAL RESPONSIBILITY

3

COMPANY HISTORY SAWAD Group provides secured loans, collateralized by all kinds of vehicles, including personal cars, pick-up trucks, motorcycles, six-wheel / ten-wheel vehicles and vehicles used for agricultural purposes as well as other collaterals including houses, condominiums and land.

1979-2006 The Kaewbootta family

founded the company to provide vehicle title loans.

The business had been expanded to include larger

service coverage in Thailand.

2007-2008 Sold the existing business to another operator in the industry and established

the new company “Srisawad Power 1979”

with the registered capital of 1 million

baht.

2013 The company was

privatized to a public company with

registered capital 1,000 million baht.

2009-2010 Engaging in the debt

collection and launched the auto-backed and home-backed loan business under

the service slogan “Mee Baan Mee Rod Ngern Sod ThanJai”

2019 As of 31 December

2019, SAWAD Group’s total receivable

portfolios amounting 37,297 to million baht,

with largest service networks covering all regions nationwide.

4

Use vehicle title and land title as collateral. The company offers loan service to low income

individuals that have no access to financial services from commercial bank but have ownership in vehicle or land.

TYPE OF SERVICES AUTO BACKED LOANS

HOUSE & LAND

BACKED LOANS

PERSONAL LOAN &

NANO FINANCE

6-48 Months 12-24 Months 24-36 Months PAYMENT PERIOD

30-70% of market price

20-30% of Government price

2.5 times of monthly income

(Not over 50,000 baht)

LOAN APPROVAL RATE

Loan/Hire Purchase (Title-transfer or No Title-transfer)

Loan (Mortgage or Sale with

right of redemption)

Loan (Unsecured) TYPE OF CONTRACTS

TYPE OF SERVICES

Personal Loan: The company offers personal loan only to existing customers who have good payment record.

Nano Finance: Credit line is limited at 100,000 baht.

SECURED LOAN UNSECURED LOAN

5

GROUP OF COMPANIES STRUCTURE

Unsecured Loan

SRISAWAD

CAPITAL CO.,LTD.

SCAP (65%)

Debt Collection, Banking Agent,

Branch Network, Car for Cash

(Moderate Scoring )

SRISAWAD

POWER 2014 CO.,LTD.

S2014 (100%)

Public Borrowing, Lending, Term

Deposit (Low Scoring)

SRISAWAD

FINANCE

PLC.

BFIT (82.04%)

SRISAWAD CORPORATION (HOLDING COMPANY)

SAWAD

SWP ASSET

MANAGEMENT CO., LTD.

SWP AMC (69.33%)

Distressed Asset Management

Motorcycle For Cash

Car For Cash

(High Scoring )

FAST MONEY CO.,LTD.

FM (49%)

Holding Company

SRISAWAD

INTERNATIONAL HOLDING CO.,LTD.

SI (99.67%)

New Motorcycle Hire Purchase

S-LEASING

(90%)

SWP SERVICES

CO.,LTD.

SWPS (100%)

Advisory Services Collateral Backed

Loan

SRISAWAD

LEASING LAOS

(100%)

6

Philippines

Indonesia

Myanmar

Malaysia

Singapore

Cambodia

Vietnam

Brunei

BRANCH NETWORK

The company coverage network include a total

of 4,840 branches at the end of June

2021 . Hence, the company can manage to utilize its capacity for lending, handling repayment transactions, pursuing collection practices and verifying information of customers/guarantors in prompt and effective manners.

0

1,000

2,000

3,000

4,000

5,000

2011 2012 2013 2014 2015 2016 2017 2018 2019 2021

265 346 602

1,059 1,627

2,130 2,490

2,879

4,080

4,840

TOTAL BRANCHES

7

MARKET OVERVIEW

SAWAD Group serves as an alternative to access loans, in place of black market lenders. Borrows have quick access to loans by using common assets as collateral such as motorcycles, cars (including pick-up trucks), houses and land properties.

18-20 MILLION LOW INCOME POPULATION who do not have the means to

access traditional loans of banking institutions.

40.8 MILLION REGISTERED VEHICLES Passenger Cars 17.46M

Motorcycles 21.52M Trucks 1.15M

Tractors 0.67M (as of Jan 31, 2020) https://web.dlt.go.th/statistics/

Motorcycles 68%

Cars 21%

Others 11%

Motorcycles and cars are the most common types of loan collateral.

8

BUSINESS STRATEGIES

SAWAD’S STRATEGIES

1. VARIETIES OF SERVICE

The company offers varieties of financing services including deposits and various loan products. such as car, motorcycle, house and land, etc.

2. COMPETITIVE COVERAGE

The company focuses on expansion at locations near communities with easy access to commercial banks.

3. TRANSPARENT AND HONEST

The company focuses on loyal relationship to our customers.

6. FOCUS ON CLOSE RELATIONS WITH COMMUNITIES

The company focuses on marketing activities aimed at tightening relationship with people in the communities.

5. USING TECHNOLOGY

Use technology to improve efficiency and maximize business productivity.

4. EXPANDING INTO A NEW MARKET

To expand business in other countries in ASEAN region.

COMPANY PROFILE 1

2 FINANCIAL HIGHLIGHTS

3 OPERATIONAL GOALS

4 INVESTMENT HIGHLIGHTS

5 CORPORATE SOCIAL RESPONSIBILITY

10

FINANCIAL HIGHLIGHTS BALANCE SHEET 2016 2017 2018 2019 2020

Q 2’2021

Cash and Cash Equivalent 713 4,165 2,921 1,649 1,838 1,866

Loans Due Within 1 Year 12,844 17,199 23,501 29,267 30,588 23,113

Loans Due Beyond 1 Year 4,236 4,411 6,071 7,221 7,559 8,428

Investment in Receivables 2,309 2,738 3,683 3,001 2,807 3,138

Other Assets 2,134 4,864 3,055 4,324 9,215 14,174

Total Assets 22,236 33,377 39,231 45,462 52,007 50,719

Deposit - 6,073 7,274 6,348 5,234 2,172

Loan From FI 8,564 6,419 7,835 6,276 4,438 4,027

Debenture 5,540 8,565 8,958 11,220 14,815 15,712

Other Liabilities 875 1,145 1,536 1,426 3,450 4,262

Total Liabilities 15,379 22,202 25,603 25,270 27,937 26,173

Paid-In Capital 1,046 1,087 1,148 1,336 1,428 1,428

Premium 1,422 1,425 1,425 4,455 6,207 6,207

Accumulated Net Income 4,338 6,879 9,254 12,562 14,414 14,768

Other Reserves 36 36 36 36 36 36

Other Controlling Interests 15 1,748 1,765 1,803 1,985 2,107

Shareholder’s Equity 6,857 11,175 13,628 20,192 24,070 24,546

Debt to Equity Ratio 2.2x 1.9x 1.8x 1.2x 1.2x 1.07x

UNIT: MILLION BAHT

11

FINANCIAL HIGHLIGHTS PROFIT & LOSS

STATEMENT 2016 2017 2018 2019 2020

Q1’21

Q2’21

Income From Interest & Fee

Total 4,009 4,944 5,796 7,239 8,166 1,900 1,624

Other Income 1,327 2,055 2,084 2,554 2,827 905 831

Total Income 5,336 6,999 7,881 9,793 10,993 2,806 2,455

Operational Expenses (2,456) (3,060) (3,436) (4,084) (4,108) (742) (745)

Profit Before Interest & Taxes

2,880 3,939 4,445 5,709 6,885 2,064 1,710

Cost of Funds (369) (608) (719) (828) (902) (219) (207)

Tax Expenses (502) (615) (725) (952) (1,192) (423) (314)

Net Profit 2,009 2,715 3,000 3,929 4,791 1,422 1,189

UNIT: MILLION BAHT (Consolidated financial statement of SAWAD Group)

12

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

32%

8%

15%

50.06%

Net Profit

Taxes

Cost of Funds

OperationalExpenses

PROFIT AND EXPENSES PER INCOME

13

FINANCIAL HIGHLIGHTS NET PROFIT

QUATOR TO QUATER COMPARISON RETURN ON EQUITY - ROE

RETURN ON ASSET - ROA

UNIT: MILLION BAHT

34.6% 30.1% 24.2% 23.2% 22.8% 19.0%

2016 2017 2018 2019 2020 Q2'21

(Consolidated financial statement of SAWAD Group)

421 696 640

879 1,100

1,442 434

630 665

883

1,071

1192

544

665 827

1,007

1,283

610

724 868

1,160

1,334

2016 2017 2018 2019 2020 2021

Q1 Q2 Q3 Q4

11.20% 12%

8.30% 9.30% 9.50%

8.48%

2016 2017 2018 2019 2020 Q2'21

14

FINANCIAL HIGHLIGHTS (Consolidated financial statement of SAWAD Group)

3.66

4.33 4.32 4.31

3.83

4.99

3.92 4.20 4.22 4.23

3.26 3.06

3.18 3.07 3.07

3.62 3.73 3.30 3.26

2.93

Q1'19 Q1'20 Q4'20 Q2'21

NPL Provision

TFRS 9

NPL & Provision

15

FINANCIAL HIGHLIGHTS

12%

4%

43%

41%

HP P Loan Car For Cash Land for Cash

Portfolio

16

FINANCIAL HIGHLIGHTS PROPORTION OF LOAN RECEIVABLE AGING

Stage 1 Performing 82%

Stage 2 Under-performing 14 %

(Consolidated financial statement of SAWAD Group)

TFRS 9

Stage3 Non-performing 4%

COMPANY PROFILE 1

2 FINANCIAL HIGHLIGHTS

3 OPERATIONAL GOALS

4 INVESTMENT HIGHLIGHTS

5 CORPORATE SOCIAL RESPONSIBILITY

18

HIGH PROFITABILITY

AND REVENUE

High interest and fees income sufficiently matching the risks and expenses.

STRICT LOAN

APPROVAL POLICY Verification of collateral/guarantor and loan to value range of 30-70%.

INVESTMENT HIGHLIGHTS ON TRACK TO HAVING THE LARGEST NETWORK…

HIGH AND CONTINUOUS

GROWTH

High and continuous growth in the business; with large population still without means to access the traditional banking system.

EFFECTIVE RISK

MANAGEMENT

Effective risk management process; in credit assessment and debt collection, utilizing our vast database.

LARGEST BRANCH

NETWORK

More than 3,235 branches covering all regions; managed with tight system of internal controls.

EXPERIENCED

MANAGEMENT TEAM

Team of senior management with more than 30 years of experience in the business.

COMPANY PROFILE 1

2 FINANCIAL HIGHLIGHTS

3 OPERATIONAL GOALS

4 INVESTMENT HIGHLIGHTS

5 CORPORATE SOCIAL RESPONSIBILITY

20

CORPORATE SOCIAL RESPONSIBILITY

SRISAWAD FOUNDATION

AIMS AND OBJECTIVES

To support children and develop those in need to become self-dependent members of society.

To support and develop the handicapped to have better quality of life to become self-independent.

To support activities related to social development and stability of humanity.

To support both government and private sectors to collaborate with charitable organizations.

QUESTIONS ANSWERS