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Page 1: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

Opportunity Day 1Q/2016

Page 2: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

2

Agenda

I. Company Overview

II. Investment Highlights

III. Y2015 Financial Performance

IV. Investment Projects Y2016

Page 3: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

3

I. Company Overview

Page 4: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

4

Key Milestones

Specialized

logistics services

Integrated logistics

and supply chain

management

solutions

Overseas logistics

Moving services

Office building & warehouses

rental services

Document and database

storage management services

Software applications and IT

solutions

Third Party Logistics Providers

Transport and distribution

business

Yard management services for

car exporting

Cold Chain logistics

Expand into ASEAN countries

First mover of logistics

provider in Laos, Myanmar

and Cambodia

Joint venture with strong

partner, RMA Group, major

franchisee of Minor Food

Group

Revenue from overseas reach 25% of total revenue by Year 2020

1979 1993 2014

Page 5: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

5

Business Overview

Company’s Services

Warehouse & Yard

Management

Transportation &

DistributionMoving

Record &

Information

Management

Others

General Goods

Dangerous Goods

Automotive Yard

Cold Chain

General Goods

Car Carrier

Dangerous Goods

Household

Exhibition

Office

Machinery

Document Storage

Packing & Filling

Document Destroy

Warehouse rental

IT Solution

Cold Chain

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6

Short-term

Growth

Way Forward

Mid to Long-Term

Growth Potential Growth Increased cold storage’s

occupancy rate

On-site service

automotive yard and

warehouse management

JWD Chemical Supply

Chain (JCS)

LCL Consolidation hub

Higher dangerous goods

throughput

Warehouse and Cold

Storage

- Laos

- Myanmar

- Cambodia

Cross-border

transportation

JV and M&A with local partner

Chemical project

E-Commerce logistics

Automotive logistics

Logistics through new mode of

transportation

Transportation of specialized product

Page 7: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

7

II. Investment Highlights

Page 8: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

8

Investment Highlights

I. Sole Chemical & Dangerous Goods Service Provider

II. Leading in Cold Chain Management Service

III. Providing General & Free Zone Auto Yard Management Service

IV. Regional Expansion along with Strong Partners

V. First Mover to Create New Things to Logistics World

VI. Fully Integrated Logistics Services with an Innovative IT System

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9

I. Sole Chemical & Dangerous Goods Service Provider

Chemical & dangerous goods’ containers statistics

at Laemchabang Port (2009 – 2015)

Note: * TEU = Twenty Equivalent Unit

2009 2010 2011 2012 2013 2014

27.0 84.9 97.9 129.4 137.0 146.3

TEU * (‘000)

2015

153.2

The only logistics service provider granted a concession to manage dangerous goods within Laemchabang

Port area for 30 years

The number of chemical & dangerous goods’ containers has increased with CAGR of 33.6% from 2009 to 2015

Key customers

Asian Honda

Page 10: Opportunity Day 1Q/2016 - dcs- · PDF fileAsian Honda. 10 Sq.m. Area and Occupancy Rate with Future Expansion Occupancy rate dropped after the massive expansion ... Unit: sqm Initial

10

Sq.m.

Area and Occupancy Rate with Future Expansion

Occupancy rate dropped after the massive expansion

in 2013 and 2014

Are

a

Occupancy R

ate

JWD Group is the only logistics service provider in Thailand specializing in chilling and freezing storage that has been granted a license

by the Customs Department to offer free zone warehousing service designed especially for high-volume food imports and exports

Serving the high volume of chilled and frozen goods, JWD Group serves customers with the large area of general and free zone cold

storage in Mahachai, Suwinthawong, and Bangna km. 19 area

In 2015, company expanded cold storage warehouse in Mahachai area of 4,000 Sq.m.

Growth of demand for cold chain storage proved by value of tuna can/tuna processing and frozen chicken and pork export increased with

CARG of 5.0% and 49.3%, respectively

II. Leading in Cold Chain Management Service Provider

5,170 10,994 19,276

28,740

37,271

41,271

42,441 76.4%

80.8%

70.7% 64.5%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

0

10000

20000

30000

40000

50000

60000

Y2012 Y2013 Y2014 Y2015

Free Zone General Zone Occupancy Rate

52,265

Key customers

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11

III. Providing General & Free Zone Auto Yard

Management Service

General and Free Zone area of Auto Yard (Y2012- Y2015)

JWD Group provides not only auto yard management,

but also on-site operation service at customer’s area:

Currently, JWD Group offers on-site operation

service at Gateway City Industrial Estate. Total area

is approximately 156,742 Sq.m.

JWD Group is granted a right to provide auto yard management service in free zone area at Laemchabang Port

JWD Group has offered auto yard management service both in general and free zone area

Sq.m.

Are

a

80,000 80,000

137,171 137,171

230,580

401,780 246,472 258,116

310,580

481,780

383,643 395,287

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

Y2012 Y2013 Y2014 Y2015

Free Zone General Zone

Key customers

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12

Geographic Advantage

Thailand is centrally located in Mainland Southeast Asia, in which 30 provinces physically connected with the neighboring

countries especially Cambodia Laos Myanmar and Vietnam (“CLMV”))

Thailand increases regional logistics investment to meet the rising demand for cross-border logistics services

Thailand’s Logistics Competency in Southeast Asia

2014 World Bank’s Logistics Performance Index (LPI):

Thailand was ranked 35th out of 160 countries and

3rd among the ASEAN countries

Thai government invests to increase efficiency of

Thai logistics operation by developing e-logistics and

paperless customs

0.00 1.00 2.00 3.00 4.00 5.00

Myanmar

Laos

Cambodia

Philippines

Indonesia

Vietnam

Thailand

Malaysia

Singapore

Logistics Performance Index 2014

(selected ASEAN countries)

Source: The World Bank LPI Report 2014

CLMV is potential market for Logistics services

Thailand’s logistics

performance is outperform

CLMV, increase an

opportunity for Thailand’s

logistics provider to expand

its services to CLMV4.0

5.0

6.0

7.0

8.0

9.0

2011 2012 2013 2014 2015 2016 2017 2018

Cambodia Laos Myanmar Vietnam

%YoY

7.8%7.5%7.4%

5.9%

CLMV have experience strong GDP growth and

expected to keep their rapid growth rate during

the next five years provided opportunity for

investment

Additional logistics services are required for those

countries to maintain their growth

Source: International Monetary Fund

IV. Regional Expansion Along with Strong Partners

GDP (selected ASEAN countries)

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13

IV. Regional Expansion Along with Strong Partners

(Cont’d)

One of the largest seafood enterprise in the

world

Joint-venture for JPK Cold Storage Co., Ltd.

with total cold storage area of 10,364 square

metres JWD Group jointly established logistics

company in Cambodia, Myanmar, and Laos

with RMA Group, sister company of Clipper

Holdings and Express Food Group Co., Ltd.

(EFG)

RMA Group is a provider of vehicle, equipment

for aid & development focus primarily on the

post-conflict country such as Myanmar, East

Timor and etc.

EFG focuses on food franchise business in

Cambodia, Laos, and Myanmar

Unit: sqm

Initial Space

2,500

722

3,440

Myanmar

Laos

Cambodia

JWD Group will expand into CLMV region with strong

partners

Initial warehouses’ space is 5,162 Sq.m.

- Myanmar 1,000 Sq.m. starts operation in 1Q 2016

and expand to 2,500 sq.m. in 3Q 2016

- Laos 722 Sq.m. starts operation in 1Q 2016

- Cambodia 3,440 Sq.m. is expected to be

completed in 2Q 2016

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14

V. First Mover to Create New Things to Logistics World

The first free zone auto yard logistics service provider

in Laem Chabang Port area

The first logistics service provider granted a concession to manage

dangerous goods within Laem Chabang Port area

The first free zone logistics service provider in cold chain industry

The first company in Thailand to offer one-stop record and

information management

JWD Group never stop thinking and innovating specialized services in the field of logistics. Thinking in all directions

about logistics, JWD Group is the first in this sector to develop and offer innovative logistics solutions to meet

different needs of customers

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15

Value added service

VI. Fully Integrated Logistics Services with

an Innovative IT System

JWD Group provides transportation and distribution

through domestic and cross-border. The range of

transportation services includes:

Transportation & DistributionWarehouse management

WMS CCMS TMS AYMS

- General Goods Warehouses

- Chemical & Dangerous Goods

Warehouses

- Automotive Yard

- Cold Chain Warehouses

The range of warehouse management services includes

both general and free zone warehouses;

- General Goods

- Dangerous Goods

- Automotive

- Cold Chain Goods

Custom clearance service

JWD Group offers a wider range of comprehensive

customs-related services run by in-house specialists.

The services include;

- Consultations on tariff and other

related matters

- Tax refund and other benefits

- Processing of customs declarations

- Etc.

JWD Group is flexible to provide value added services

to support the customer’s operation. The services

include; - Stuffing

- Labeling

- Sorting

- Paletizing

- Packing / Re-packing

- Etc.

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16

III. Y2015 Financial Performance

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17

2,090.6 2,188.5

2,348.7

618.0 545.8

-

500.0

1,000.0

1,500.0

2,000.0

2,500.0

Y2013 Y2014 Y2015 1Q15 1Q16

Total Revenue and Growth Warehouse Capacities

Yard Capacities

(Unit: sq.m.) 2012 2013 2014 2015

General goods 96,360 109,800 111,720 111,720

Chemicals &

Dangerous goods 10,032 10,032 10,032 10,032

Cold chain service 19,276 28,740 42,441 52,265

Record & Info

Management 17,880 16,440 14,520 14,520

Other services 8,415 8,415 15,183 21,951

Total 151,963 173,427 193,896 210,488

(Unit: sq.m.) 2012 2013 2014 2015

Chemicals &

Dangerous goods125,968 125,968 173,968 173,968

Automotive Yard 310,580 481,780 383,643 395,287

Total 436,548 607,748 557,611 569,255

Total Revenues and Service Capabilities

MM THB

Revenue

Note : Proforma FS Year 2013

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18

Revenue & Gross Profit

Revenue

Gross Profit and Gross Profit Margin

Revenue

Gro

ss P

rofi

t

Gro

ss Pro

fit Marg

in

2,090.6

2,188.5 2,348.7

618.0 545.8

-

500.0

1,000.0

1,500.0

2,000.0

2,500.0

Y2013 Y2014 Y2015 1Q15 1Q16

MM THB

841.9 771.7 856.8

224.0 183.2

40.3%

35.3%36.5%

36.2%33.6%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

Y2013 Y2014 Y2015 1Q15 1Q16

Gross Profit Gross Profit Margin

428.5 79%

32.8 6%

56.7 10%

22.5 4%

5.3 1%

Warehouse/Yard Management Transport & Distribution

Moving Records & Info. Management

Other Services

85.2 20%

125.0 29%98.5

23%

119.8 28%

General Goods

Dangerous Goods

Cold chain

Automotive

Revenue breakdown

Revenue for 1Q16 was THB 545.8 mm, dropped 11.7% YoY due to

temporary decreased of revenue from warehouse management

service

79% of total revenue structure was mainly from warehouse

management service and diversified to four main product

categories; general goods, dangerous goods, automotive and

cold chain Lower gross profit due to dropped revenue impact from

economic slowdown while fixed cost was relatively constant

Gross profit margin fell slightly to 33.6%

MM THB

Note : Proforma FS Year 2013

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19

Revenue and Gross Profit by Business

Area & Occupancy Rate Revenue & Gross Profit

Warehouse & Yard Management: General Goods

109,800 111,720 111,720 111,720 111,720

79.7%86.2%

91.0%85.9%

74.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

-

40,000

80,000

120,000

160,000

200,000

Y2013 Y2014 Y2015 1Q15 1Q16

Area Occupancy Rate

Gro

ss Pro

fit Marg

in

472.7443.4 451.3

120.3

85.2

220.6

169.1 171.0

42.5 16.3

46.7%

38.1% 37.9%35.3%

19.2%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

0

100

200

300

400

500

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t

Dangerous Goods Yard Throughput Revenue & Gross Profit

Warehouse & Yard Management: Chemical and Dangerous Goods

136,977 146,324 153,157

38,563 36,003

-

50,000

100,000

150,000

200,000

Y2013 Y2014 Y2015 1Q15 1Q16

Throughput

Gro

ss Pro

fit Marg

in

448.9497.9

546.8

141.2125.0

156.1 186.8 209.8

58.3 49.7

34.8%37.5%

38.4%41.3% 39.8%

10.0%

20.0%

30.0%

40.0%

50.0%

0

100

200

300

400

500

600

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t

Sq.m.

Are

a

Occupancy R

ate

Thro

ughput

MM THB

MM THBTEU

Note : Proforma FS Year 2013

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20

Revenue and Gross Profit by Business (Cont’d)

Area & Occupancy Rate Revenue & Gross Profit

Warehouse & Yard Management: Automotive

Area & Occupancy Rate

Warehouse & Yard Management: Cold Storage

Gro

ss Pro

fit Marg

in

412.0368.4

360.0

92.8 98.5140.2

98.3 109.5

27.8 30.2

34.0%

26.7%30.4%

29.9% 30.7%

0.0%

10.0%

20.0%

30.0%

40.0%

0.0

100.0

200.0

300.0

400.0

500.0

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t

Revenue & Gross Profit

Gro

ss Pro

fit Marg

in

297.9

350.9

469.4

145.6 119.8172.8 167.0

210.9

62.7 53.5

58.0%

47.6%

44.9%43.1% 44.7%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

0

100

200

300

400

500

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t

481,780 383,643 395,287 395,287 395,287

156,742 156,742

92.2% 90.7%84.5%

90.2%82.6%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

-

100,000

200,000

300,000

400,000

500,000

600,000

Y2013 Y2014 Y2015 1Q15 1Q16

Yard Area On-Site Operation Area

Occupancy Rate

Sq.m.

Are

a

Occupancy R

ate

25,816

42,441 52,265

48,265 52,265 80.8%

70.7%64.5% 67.4% 63.8%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

-

10,000

20,000

30,000

40,000

50,000

60,000

Y2013 Y2014 Y2015 1Q15 1Q16

Warehouse Area Occupancy Rate

Sq.m.

Are

a

Occupancy R

ate

MM THB

MM THB

Note : Proforma FS Year 2013

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21

Revenue and Gross Profit by Business (Cont’d)

No. of Trips Revenue & Gross Profit

Transportation & Distribution Service

No. of Jobs Revenue & Gross Profit

Moving Service

Revenue & Gross ProfitRevenue & Gross Profit

Gro

ss Pro

fit Marg

in

77.487.8

109.7

22.732.8

4.3 4.1 11.6

2.0 7.2

5.5%4.7%

10.6%9.0%

22.0%

0.0%2.0%4.0%6.0%8.0%10.0%12.0%14.0%16.0%18.0%20.0%22.0%24.0%

0.0

20.0

40.0

60.0

80.0

100.0

120.0

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

tRevenue & Gross Profit

Gro

ss Pro

fit Marg

in

278.3

349.8

288.4

64.3 56.793.6 96.9 88.5

17.7 16.4

33.6%

27.7%30.7%

27.4%28.9%

0.0%

10.0%

20.0%

30.0%

40.0%

0

100

200

300

400

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t5,649 6,220 5,330

1,131 1,064

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Y2013 Y2014 Y2015 1Q15 1Q16

Jobs

14,430 15,314

18,214

4,825 5,500

-

3,000

6,000

9,000

12,000

15,000

18,000

Y2013 Y2014 Y2015 1Q15 1Q16

No. of Trips

No. of trips

Sq.m.

Are

a

MM THB

MM THB

Note : Proforma FS Year 2013

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22

No. of Cartons Revenue & Gross Profit

Record & Info Management

Gro

ss Pro

fit Marg

in

71.477.6

87.8

21.1 22.5

35.9 45.1

49.7

12.0 13.3

50.3%

58.1%56.6%

56.9%59.1%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

0.0

20.0

40.0

60.0

80.0

100.0

Y2013 Y2014 Y2015 1Q15 1Q16

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t

677,850 682,762 739,703 693,936

766,789

-

150,000

300,000

450,000

600,000

750,000

Y2013 Y2014 Y2015 1Q15 1Q16

No. of Cartons

No. of Cartons

MM THB

Revenue and Gross Profit by Business (Cont’d)

Note : Proforma FS Year 2013

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23

Net Profit* and Net Profit* MarginSG&A Expenses

SG&A Expenses & Net Profit

MM THB

24.7 26.1 31.7 8.0 9.4

306.6 364.6 363.9

90.9 102.7

331.3

390.7 395.6

98.9 112.1

15.7%17.7% 16.6% 15.9%

20.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

-

100.0

200.0

300.0

400.0

500.0

Y2013 Y2014 Y2015 1Q15 1Q16

Selling Expenses Admininstration Expenses

SG&A to Total Revenue

Net P

rofit M

arg

in &

Inte

rest E

xp. to

Sale

s

376.1

143.8

333.5

83.046.0

57.0

85.0

3.8%5.0%

5.1%5.7%

3.9%

17.8%

6.5%

14.0%13.3%

8.4%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

0.0

100.0

200.0

300.0

400.0

Y2013 Y2014 Y2015 1Q15 1Q16

Net Profit excl. One-Time Exp. Interest Exp. to Total Rev.

Net Profit Margin

Net

Pro

fit

MM THB

*Note : Net profit attributable to owners of the Company

SG&A expenses increased due to employee

expense and other expenses from business

expansion

1Q16 Net profit* decreased from 1Q15 due to lower

sales and additional expenses from business expansion

Net profit margin dropped to 8.4%

Decreased interest expense to sales of 3.9%

SG

&A E

xpense

s

SG

&A E

xp. to

Sale

s

Cost Structure

Direct Cost SG&A

Employee expense 65%

Depreciation 8%

Selling expense 4%

Travelling 3%

Consult 4%

Rental 1%Repair&Maintenance

1%

Others 14%

Note : Proforma FS Year 2013

Depreciation 22%

Employee expense 17%

Transport & Sub-Contract

15% Utilities 10%

Rental expense 8%

Revenue sharing 6%

Repair & Maintenance 3%

Travelling expense1%

Others 20%

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24

Financial Position

Statement of Financial Position Key Financial Ratios

675.7 680.7

2,661.8 2,663.3

840.4 902.7

804.8 733.9

2,646.1 2,689.1

96.7 104.2

1,331.8 1,236.0

908.1 951.3

4,982.7 4,982.7 4,980.6 4,980.6

Unit : MM THB

As at Dec 31, 2015

Current Assets

PPE

Current Liabilities

Long-Term Loans

Shareholder's Equity

As at Mar 31, 2016

Other Non-Current Liabilities

Investment Properties

Other Non-Current Assets

0.6x0.3x

0.9x

0.6x

0.8x

1.8x

2.5x

0.9x

2.3x

0.9x

2.9x

5.1x

3.6x3.4x 3.5x

0.0x

1.0x

2.0x

3.0x

4.0x

5.0x

6.0x

Y2013 Y2014 Y2015 1Q15 1Q16

Current Ratio D/E Debt/EBITDA

Stable liquidity ratios proven strong financial position

Time (x)

Investment properties increased due to new

projects under construction

Lower long-term loan from loan repayment

Equity increased from 1Q16 net profit of 43.0 MB

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IV. Investment Projects Y2016

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Cold Chain

Thailand’s largest public cold storage with area of 52,265 Sq.m.

in Mahachai, Suwinthawong and Bangna km.19

Occupancy rate continue to increase

First mover of cold storage’s free-zone service provider

Additional three freeze rooms at Suwinthawong in Y2016

10,994 10,994 10,994 10,994

37,271 41,271 41,271 41,271

48,265 52,265 52,265 52,265

67.4%59.2% 62.0%

69.6%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Q1 15 Q2 15 Q3 15 Q4 15

Free Zone General Zone Occupancy Rate

Area and Occupancy Rate

Sq.m.

Are

a

Occupancy R

ate

Short-Term Growth

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Automotive Yard

Higher margin from expansion of on-site yard

operation service and warehouse management.

Total area of on-site service for Nissan and Isuzu

reach to 156,742 Sq.m. and expected to be expand

continually

Strategic yard location in free-zone area at

Laemchabang Port

Area and Gross Profit Margin

310,580

481,780 383,643 395,287

156,742 32.1%

34.0%

26.7% 30.4%

0.0%

10.0%

20.0%

30.0%

40.0%

-

100,000

200,000

300,000

400,000

500,000

600,000

Y2012 Y2013 Y2014 Y2015

Yard Area On-Site Operation Area Gross Margin

Are

a

Gro

ss Marg

in

Sq.m.

Short-Term Growth (Con’t)

Key customers

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Dangerous goods storage warehouse area of 6,900 Sq.m.

Under renovation of general warehouse

in Laemchabang Complex Area

Renovation start: Jan 2016

Expected construction complete and start operation: 2Q2016

Short-Term Growth (Con’t)

JWD Chemical Supply Chain (JCS)

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Short-Term Growth (Con’t)

LCL Consolidation Hub

LCL

Consolidation Hub

Client 1 Client 2 Client 3

Provide service for Less-Than-Container-Load (LCL) Freight

LCL Consolidation Hub area of 9,100 Sq.m.

Under renovation of general warehouse in Laemchabang Complex

Area expected to be completed in 3Q2016

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Short-Term Growth (Con’t)

Dangerous Goods

3.0 3.2

3.5 3.5

1.7

2.3 2.3 2.4

1.0

1.5

2.0

2.5

3.0

3.5

4.0

Y2011 Y2012 Y2013 Y2014Import Export

Dangerous Goods Yard Throughput

129,360

136,977

146,324

153,157

110,000

120,000

130,000

140,000

150,000

160,000

Y2012 Y2013 Y2014 Y2015

Throughput

Thailand Hazardous Substance Statistics (Chemicals)

TEU

Million Tons

Sole chemical and dangerous goods service

provider in Laemchabang Port area

with a concession for 30 years, 17 years remaining

Right to extend the concession two times, 5 years each

The number of dangerous goods containers

increased with CAGR of 5.8% from 2012-2015

Data source : Department of Industrial Work

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Warehouse’s construction complete in Dec 2015

Start operation in Jan 2016, current OR of 60%

Initial area of 722 Sq.m.

Plan to expand to 3,000-4,000 Sq.m. in 3Q2016 with JV local partner

Mid to Long-Term Growth

Laos Warehouse/ Cold Storage

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Mid to Long-Term Growth

New warehouse in Laos

Joint venture with local partner, major distributor of BJC in Laos

Warehouse’s construction starts May 2016 and expect to be

completed in Dec 2016

Start operation in Jan 2017

Initial area of 3,354 Sq.m.JWD Warehouse

Wattay International Airport

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Mid to Long-Term Growth (Con’t)

Initially rent ready-to-operate warehouse with initial area

of 1,000 sqm, initial OR 70%

Operation start: 1Q2016

Will expand to 2,500 sqm in the middle of 2016 and

expand to new location with 5,000 sqm space at the end

of 2016

Myanmar Warehouse/ Cold Storage

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Mid to Long-Term Growth (Con’t)

Jin Yong Chhang

Industrial Park

6 Km. from

Phnom Penh Airport

Road connect to

highway no.5

Under renovation of the warehouse with area of 3,440 sq.m,

initial OR 25%

Renovation start: Nov 2015

Expected construction complete and start operation: 2Q2016

Cambodia Warehouse/Cold Storage

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Mid to Long-Term Growth (Con’t)

Cross-Border Transportation

Strengthen cross-border transportation service by with

local partner JV, leading Thailand-Myanmar transportation

service provider

Provide complete range of in-land transportation and

distribution service in CLMV countries and Malaysia

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Potential Growth

Green field chemical project in the region JV and M&A with local partner in the region

- Cold Storage in Vietnam

- Cold Storage in Malaysia

Overseas

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Potential Growth

Domestic

E-Commerce logistics

Expanding scope of service and

customer base for automotive logistics

Logistics through new mode of transportation

Transportation of specialized product

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THANK YOU

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