Opportunity day Q2/148 September 2014

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CONTENTOpportunity day 8 September 2014

• Company Overview• General Information• Company History• Competitive Strategy• Business Operations• Facilities

• Projects• Past Projects• Current Projects

• Future Projects

• Financials

• Stock Information

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8 September 2014

Company Overview

• General Information• Company History• Competitive Strategy• Business Operations• Facilities

Company OverviewOpportunity day

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8 September 2014

General InformationOpportunity day

Company nameTypes of Business

Company Registration NumberRegistered CapitalPaid-up CapitalNumber of Common SharesPar Value

Address of HeadquartersTelephone NumberFacsimile Number

HomepageE-mailInvestor Relation

BJC Heavy Industries Public Company LimitedProvision of Steel Fabrication, Modularization, Site Construction and Precast Concrete services for industry usage

0107556000302320,000,000 Baht320,000,000 Baht320,000,000 Shares1.00 Baht per Share

No. 594 Moo 4, Makhamkoo, Nikompattana, Rayong 211800-3889-37090-3889-3711

www.bjc1994.cominfo@bjc1994.comTelephone : 0-3889-3709E-mail : ir@bjc1994.com

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8 September 2014

Company HistoryOpportunity day

1994

• Founded at Maptaphut, Rayong

2001• Relocated to Nikompattana, Rayong and expanded capacity

• Began working with major oversea customers, including ITT

2002

• Certified ISO 9001:2000 (Quality Mgmt System)

2003• Registered with BOI (Import / Export License)

• Certified ASME Stamp Holder - S, U, U2 (PP), R and NB

2004

• Certified as per Safety Quality License (SQL) (China ML Authority)

2006

• Commenced Fabrication and Modularization projects in Australia

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8 September 2014

Company HistoryOpportunity day

2008• Commenced Site Construction services. Projects in Congo and

Singapore.

2009

• Expanded to include Pre-cast Concrete services.

2010

• Received Taxpayer Recognition Award

2011 • Certified ISO 14001:2004 (Environment Mgmt System)

• Certified OHSAS 18001:2007 (Occupational Health and Safety

Mgmt System)

2013 • Transformed into a public limited company

• Established Galvanization Shop

• Established Grating Shop

2014• New line-up in SET100 and MSCI Global Small Cap Index

• Commenced the FPSO modular project with Petrobras in Brazil

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8 September 2014

Competitive StrategyOpportunity day

On-Time Delivery

• Customer specifications & requirements consistently met• Stringent quality assurance throughout the production process• International certifications for Quality Management (ISO, ASME, NBIC)• Upgraded facilities and equipment

Uncompromising Quality

• Steel Fabrication and Modularization • Site Construction, Commission and Operation• Pre-Cast Concrete• Other: Engineering Drawing

Product Range

• Capabilities to manage large-scale projects & quickly address changes• Decisive management team• Production Efficiency with in-house operation for critical processes• Excellent supplier relationships• Strong financial strength

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8 September 2014

Competitive StrategyOpportunity day

ExpandingCustomer Base

• Management & Technical Advisory Teams• Operational Capabilities: Capacity, Production Efficiency• Strategically located Land near port for modularization• Financial Strength• Continuous Improvement: People, Processes, Plant

Strong Fundamentals

• International Customers. Current Focus: Australia & Brazil• Industries with High Investm’t Levels. Current Focus: Mining & Energy• Both Project Owners and EPC Contractors targeted.• Growing reputation in the target industries• Representative Offices: Australia, Brazil, Italy and Korea

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8 September 2014

Business OperationsOpportunity day

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FABRICATION• Steel Structures • Storage Tanks • Fired Heaters/Boilers • Pressure Vessel/Piping • Grating

SITE CONSTRUCTION• Mining Plant • Oil & Gas Plant • Power Plant • Industrial Plant

MODULARIZATION• Mining Plant Modules • Oil & Gas / FPSO Modules• Marine Plant Modules • Berth/Jetty Modules

PRE-CAST CONCRETE• Core-loc (Breakwater) • Pre-cast Concrete Panel • Pre-stress Concrete Panel

8 September 2014

FacilitiesOpportunity day

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8 September 2014

MAIN FACTORY 250,000 M2

Maptaput Port PAMYARD 52,000 M2

Sattahip Port PAMYARD 25,462 M2

Facilities: Recent InvestmentsOpportunity day

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8 September 2014

Facilities: Recent InvestmentsOpportunity day

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8 September 2014

Facilities: Recent InvestmentsOpportunity day

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8 September 2014

Facilities: Cutting MachinesOpportunity day

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8 September 2014

Facilities: Cutting MachinesOpportunity day

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8 September 2014

8 September 2014

Our Projects

• Past Projects• Current Projects• Future Projects

Past Projects: Past CustomersOpportunity day

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8 September 2014

Major Customers – Mining & Energy

Project Owners

Countries

• Australia

• South America• Brazil, Argentina

• Middle East• Iran, Libya, Oman,

Qatar, Saudi Arabia, UAE

• Asia• Thailand, Vietnam,

Singapore, Cambodia, Malaysia, Taiwan, Japan, Pakistan

• Europe• France, Hungary,

Italy, Turkey

• Africa• Congo, Algeria,

South Africa

• USA

EPC Contractors

Selected Past ProjectsOpportunity day

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8 September 2014

• Customer: Alcan

• Project: Alcan Gove Calcination

• Period: 2006

• Volume: 7,000 tons

• Customer: APLNG / Origin

• Project: Pre-Assembly Unit

• Period: 2012-2014

• Volume: 7,000 tons

• Customer: Freeport-McMoran

• Project: TFM Mining Project

• Period: 2008-2009

• Volume: 5,250 tons

• Customer: BHP

• Project: RGP-5

• Period: 2009-2010

• Volume: 4,400 tons

Current ProjectOpportunity day

Petrobras FPSO Modules

Customer: Petrobras / QGI Brazil S.A.Location: BrazilProject: Petrobras FPSO P75 & P77Period: 2014 – 2015Work Volume: 21,820 Tons

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8 September 2014

Current ProjectOpportunity day

APLNG Wellhead Separators

Customer: APLNG (Origin Energy & Conoco)Location: Port Headland in AustraliaProject: Australia Pacific LNG Upstream Period: 2012 – 2015 (3 Phases)Work Volume: Total: 1200 Skids

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8 September 2014

Current ProjectOpportunity day

Cape Lambert Port B Phase B

Customer: Rio Tinto / Laing O'RourkeLocation: AustraliaProject: Cape Lambert Port B ProjectPeriod: 2013 – 2014 (Just Completed)Work Volume: Total: 4,734 Tons

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8 September 2014

Current ProjectOpportunity day

Cape Lambert Port B Phase C

Customer: Rio Tinto / Laing O'RourkeLocation: Port Headland in AustraliaProject: Cape Lambert Port B Phase CPeriod: 2014 - 2015Work Volume: Total: 1,950 Tons

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8 September 2014

Current ProjectOpportunity day 9 JULY 2014

Roy Hill Package3

Customer: Roy Hill / Samsung / Laing O'RourkeLocation: AustraliaProject: Roy Hill Iron Ore ProjectPeriod: 2014 - 2015Work Volume: Total: 4,500 Tons

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Current ProjectOpportunity day

Wheatstone LNG Plant Project

Customer: Chevron / Bechtel / EVTLocation: AustraliaProject: Wheatstone Project LNG PlantPeriod: 2014Work Volume: Total: 2,200 Tons

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8 September 2014

Current BacklogOpportunity day

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8 September 2014

(Unit: million baht)

Country Customer Industry 2014 2015 2016 Total

Backlog - Future Projects 2,598 2,361 - 4,959

Brazil Petrobras Oil & Gas 1,704 2,229 - 3,933

Australia APLNG Oil & Gas 315 - - 315

Rio Tinto / LOR Mining 28 - - 28

Roy Hill / LOR Mining 527 132 - 659

Chevron / EVT Oil & Gas 25 - - 25

High Potential Projects - 3,575 2,590 6,165

Brazil Customers Oil & Gas - 3,150 2,166 5,316

Australia Customers Mining - - - -

Other Oil & Gas - 424 424 848

TOTAL - Backlog + High Potentials 2,598 5,935 2,590 11,124

8 September 2014

Financials

• Revenue• Profitability & Ratios• Balance Sheet Position

FinancialOpportunity day

Revenue Structure

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8 September 2014

497.36 985.82

591.11 - 196.62 325.86

276.90

2,564.26 3,318.50

1,178.52 1,922.72

391.50 807.65 38.46

64.47

-

231.96

178.49

265.69

668.35

25.87

39.03 19.28

-

0.30

36.57

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2011 2012 2013 Q1/2013 Q2/2013 Q1/2014 Q2/2014

Millio

n Ba

ht

Strange Tank Modularization Steel Struture Others

2011 2012 2013 Q1/2013 acc Q2/2013 acc Q1/2014 acc Q2/2014 acc

Storage Tank 497.36 985.82 591.11 - 196.62 325.86

Modularization 276.90 2,564.26 3,318.50 1,178.52 1,922.72 391.50 807.65

Steel Structure 38.46 64.47 - 231.96 178.49 265.69 668.35

Others 25.87 39.03 19.28 - 0.30 36.57

Total Revenue 838.59 3,653.58 3,928.89 1,410.48 2,101.21 854.11 1,838.43

FinancialOpportunity day

Profitability

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8 September 2014

2011 2012 2013 Q1/2013 acc Q2/2013 acc Q1/2014 acc Q2/2014 acc

Gross Profit 172.94 1,046.44 1,575.15 477.82 755.12 213.65 502.60

EBITDA 188.28 838.64 1,268.64 384.02 569.98 186.39 440.69

Net Profit 70.91 792.79 1,206.30 371.32 542.33 168.19 399.93

173

1,046

1,575

478

755

214

503

188

839

1,269

384

570

186

441

71

793

1,206

371

542

168

400

- 100 200 300 400 500 600 700 800 900

1,000 1,100 1,200 1,300 1,400 1,500 1,600

2011 2012 2013 Q1/2013 Q2/2013 Q1/2014 Q2/2014

Millio

n Ba

ht

Gross Profit EBITDA Net Profit

FinancialOpportunity day

Profitability Ratios

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8 September 2014

21.28%

28.96%

40.29% 33.88%

35.94%

25.01%27.34%

22.45% 22.96%

32.29%27.11% 26.93%

20.70%22.94%20.82%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

2011 2012 2013 Q1/2013 Q2/2013 Q1/2014 Q2/2014

Gross Profit Margin EBITDA Net Profit Margin

2011 2012 2013Q1/2013

accumQ2/2013

accumQ1/2014

accumQ2/2014

accum

Gross Profit Margin 21.28% 28.96% 40.29% 33.88% 35.94% 25.01% 27.34%

EBIDA 22.45% 22.96% 32.29% 27.11% 26.93% 20.70% 22.94%

Operating Profit Margin 7.08% 21.02% 32.08% 26.01% 25.30% 14.39% 17.47%

Net Profit Margin 8.46% 21.70% 30.70% 26.22% 25.62% 18.68% 20.82%

FinancialOpportunity day

Financial Position

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8 September 2014

985

1,883

4,836 4,468

422 584

445 444 563

1,299

4,392 4,024

0.75

0.45

0.10 0.11

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

-

1,000

2,000

3,000

4,000

5,000

6,000

2011 2012 2013 Q2/2014

Time

Millio

n Ba

ht

Total Assets Total Liabilities Shareholders' Equity D/E Ratio (time)

2011 2012 2013 Q2/2014

Total Assets 985.08 1,882.76 4,836.42 4,467.53

Total Liabilities 421.84 583.73 444.64 443.82

Shareholders' Equity 563.24 1,299.04 4,391.78 4,023.71

D/E Ratio (time) 0.75 0.45 0.10 0.11

AUGUST 2014

Stock Information

Lee Family 238,270,000 74.46%

Foreign investors 742,100 0.23%

Institutional Investors 27,486,100 8.59%

Other Local investors 53,501,800 16.72%

320,000,000 100.00%

BJCHI Stock informationOpportunity day

Shares

Price (as of 25 Jul 2014) : 36.25 THB per ShareSector : Construction ServicesShares : 320 M Shares (Par 1 THB/share)Market Capitalization : 12,000 M THBDividend policy : At least 50% of net profit

Percentage

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8 September 2014

BJC Heavy Industries Public Company LimitedOpportunity day

Question & Answer

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8 September 2014

Opportunity day

Thank you for your time

DisclaimerThis presentation is not intended to be relied upon as advice to investors or potential investors and does not take

into account the investment objectives, financial situation or needs of any investor.

All investors should consider such factors in consultation with a professional advisor when deciding if an investment is appropriate. Company makes no representation or warranty, express or implied in relation to the accuracy,

correctness, completeness or reliability of the information, opinions or conclusions expressed herein.

8 September 2014