SUN2018

1

1• COMPANY OVERVIEWS

2• BUSINESS UPDATE

3• FINANCIAL HIGHLIGHTS

4• FORWARD LOOKING

AGENDA(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

COMPANY PROFILE & TIMELINE(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

1997

ESTABLISHEDSUN SWEET CO., LTD.

ESTABLISHEDSUNSWEET

INTERNATIONAL CO., LTD.

2006

1999LAUNCHED “ KC BRAND ”

INTO THE MARKET.

ACHIEVED ONE BILLION BAHTOR

THIRTY – FIVE MILLION USDSALES TURNOVER

2009

2011

THAILANDPRIME MINISTER’SEXPORT AWARD

2012

ESTABLISHEDA FROZEN CORN FACTORY

DOMESTIC MARKET EXTENSION

2014

2017

ERPIMPLEMENTATION

SUNSWEET INTERNATIONAL COMPANY LIMITED (SI)

AUTHORIZED CAPITAL 5.00 MILLION BAHTPAID – UP CAPITAL 5.00 MILLION BAHT

SUNSWEET PUBLIC COMPANY LIMITED (SUN)

AUTHORIZED CAPITAL 215.00 MILLION BAHTPAID – UP CAPITAL 215.00 MILLION BAHT

COMPANY STRUCTURES

THE COMPANY PRODUCES AND DISTRIBUTESPROCESSED SWEET CORN AND VARIOUSPROCESSED AGRICULTURAL PRODUCTS UNDERITS BRAND “KC” AND CUSTOMERS’ BRAND.

THE COMPANY SOURCING AND TRADINGFOOD AND AGRICULTURAL PRODUCTS FORDOMESTIC AND INTERNATIONAL MARKETS.

99.99%

(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

PRODUCT PORTFOLIO

CANNED

FROZEN

POUCH

(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

WORLD TRADE : SWEET CORN(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

(UNIT : MILLION BAHT)

1,428.97 1,584.83 1,519.89

6,764.00 7,697.00 7,472.00

42,600.00 42,700.00 44,000.00

0

15,000

30,000

45,000

60,000

2015 2016 2017

SUN THAILAND WORLD

100.00% 100.00% 100.00%

15%

3%18%

3%

16%

3%

WORLD TRADE : SWEET CORN(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

21.10%HUNGARY

22.40%THAILAND

16.00%FRANCE

12.00%USA

8.60%CHINA

10.00%UK

9.40%JAPAN

WORLD : LIST OF IMPORTERS

9.20%GERMANY

4.80%KOREA

4.00%TAIWAN

WORLD : LIST OF EXPORTERS

PRODEXPOINTERNATIONAL EXHIBITION FOR FOOD,BEVERAGES AND FOOD RAW MATERIALS.

GULFOODTHE WORLD’S LARGEST ANNUAL FOODTRADE SHOW.

MARKETING ACTIVITIES(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

FEBRUARY

FOODEX JAPANASIA’S NO.1 PROFESSIONAL TRADESHOW FOR FOOD & BEVERAGE.

MARCH

SEOUL FOOD & HOTELAN INTERNATIONAL EXHIBITION FOR THEFOOD, BEVERAGE, HOTEL, RESTAURANT,FOODSERVICE, AND BAKERY &SUPERMARKET INDUSTRIES.

THAIFEXINTERNATIONAL TRADE EXHIBITION FORFOOD & BEVERAGES, FOOD TECHNOLOGYAND RETAIL & FRANCHISE IN ASIA.

MAY

FOOD TAIPEIASIA’S SUPER 5-IN-1 FOOD EXPO.

FINE FOOD AUSTRALIAA RESPECTED TRADE EXHIBITION FOR THEFOODSERVICE AND RETAIL INDUCTRY.

JUNE

SIAL PARISTHE WORLD’S LARGEST FOODINNOOVATION EXHIBITION.

OCTOBER

PRODUCTION CAPACITY(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

PRODUCTS UNIT 2015 2016 2017

CANNED WHOLE KERNEL SWEET CORN AND POUCH CORN ON COB

- FULL CAPACITY TON 150,000 150,000 150,000

- UTILIZATION TON 76,379 76,599 86,436

- CAPACITY UTILIZATION % 50.92 51.07 57.62

FROZEN SWEET CORN

- FULL CAPACITY TON 16,200 16,200 16,200

- UTILIZATION TON 12,569 14,662 15,296

- CAPACITY UTILIZATION % 77.59 90.51 94.41

OPERATING RESULTS(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

FINANCIAL POSITION

1,178

242

936

1,204

306

898

ASSETS LIABILITIES SHAREHOLDERS'EQUITY

YE-2560 Q2-2561

OPERATING RESULTS

444 413

9231

479 458

7021

REVENUE COST ANDEXPENSES

GROSS PROFIT NET PROFIT

Q2-2560 Q2-256157.9%

6NPAT 30.9%6GP 23.9%

(UNIT : MILLION BAHT) (UNIT : MILLION BAHT)

• Q2-2561 total revenue reached THB 479 MN, increase of 35 MN, or +7.9% YoY.• The strong sales during the quarter is particularly due to Canned sweet corn and Pouch sweet corn.• Our gross profit was THB 70 MN (gross profit margin was 14.9%), showing a decrease of THB 22 MN or

-23.9% YoY.• Our net profit reached THB 21 MN (net profit margin was 4.4%), dropping by THB 10 MN or -30.9% YoY.• Although the better cost control with increased sales volume, THB appreciation against USD over the

same period last year still had a strong negative effect on revenue recognition, gross profit and grossprofit margin, accordingly.

GPM% 21.2%

NPM%

6.9%

14.9%

4.4%

OPERATING RESULTS(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

AVERAGE COLLECTION PERIOD

(UNIT : DAYS)

19 18

Q2-2560 Q2-2561

INVENTORY TURNOVER

(UNIT : DAYS)

4339

Q2-2560 Q2-2561

ACCOUNT PAYABLE PERIOD

(UNIT : DAYS)

54

48

Q2-2560 Q2-2561

OPERATING RESULTS(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

CURRENT RATIO DEBT TO EQUITY RATIO

(UNIT : TIMES)

3.57

1.88

YE-2560 Q2-2561

0.26 0.34

YE-2560 Q2-2561

(UNIT : TIMES)

FORWARD LOOKING(1) COMPANY OVERVIEWS (2) BUSINESS UPDATE (3) FINANCIAL HIGHLIGHTS (4) FORWARD LOOKING

CANNED

FROZEN

POUCH

INCREASING UTILIZATION

OF CANNED AND POUCH

PRODUCTION LINE.

A NEW INVESTMENT IN A

LINE OF FROZEN PRODUCT

WILL ADD AN ADDITIONAL

CAPACITY BY THE WORLD'S

NEWEST TECHNOLOGY AND

READY FOR PRODUCTION IN

THE THIRD QUARTER OF

2018.

TO ADJUST PRODUCTPORTFOLIO