Eastern Water Resources Development and Management Plc.

Opportunity DayQ2/2010 Performance Review

20 August 2010 13.15 – 14.30 pm.

Contents

• Company Overview

• Operation Highlights

• Financial Highlights

• Futures Highlights

• Corporate Social Responsibility : CSR

East Water Group Structure

Shareholders Structure

As of 31 July 2010

Note: * PWA : Provincial Waterworks Authority, a state enterprise responsible for waterworks outside BKK

* IEAT : Industrial Estate Authority of Thailand, a state enterprise responsible for establishment industrial estates

* EGCOMP : A public company limited, produce and supply electricity in Thailand

* Utilico : Utilico Emerging Markets Limited, an investment company from UK

10.45%

15.88%

10.18%

18.72%

40.20%

4.57%Retail Investors

Institutions

Utilico

EGCOMP

PWA

IEAT

SET: Energy & Utilities Sector

Paid-up Capital

THB 1,663.73

Retail Investor& Institutions 26.33%

Foreign Investors 18.65%*Foreign Limit 30%

5

Universal Utilities Co., Ltd.(UU)

Nakhonsawan Prathum-Rangsit (PWA)

ChachoengsaoBangpakong

Sattahip Rayong

Samui Island

Phuket

Rachaburi-Samutsongkram

Larn IslandSrichang Island

Borwin

Group 1: 9 Concession Contracts

Group 2: 2 O&M Contracts

Group 3: 1 NRW Contracts

Contents

• Company Overview

• Operation Highlights

• Financial Highlights

• Futures Highlights

• Corporate Social Responsibility : CSR

Pipelines Network and Service Areas

Prasae-Klongyai Pipeline Networks

P

Maptaphut Industrial Estate

Prasae-Klongyai (RID)

Laying pipeline approx. 34 km.

NongKho

NongPlaLai

DokKrai

BangPra

KlongYai

Prasae

P

Pipeline (Completed)

Pipeline (Under Construction)

Pumping Station (Under Construction)

Head Tank (Under Construction)

NongPlaLai - Maptaphut Line 3Project Progress (as of 16 August 2010)

Laying Pipeline from NongPlaLai Pumping Station to MapKah

Head Tank(R1),length 11,759 m., and Pressure Test was

completed

Laying Pipeline from MapKah Head Tank to Phattana

Plantation Crossroads(R2) ,length 828 m., was completed

Laying Pipeline from Phattana Plantation Crossroads to

Sukhumvit Road(R3) was completed 410 m. from total length

21,387 m. .

Actual Progress 76.19% (Laying Pipeline was completed

25,886 m. from 33,974 m.)

NongPlaLai - Maptaphut Line 3

DokKrai

NongPlaLai

KlongYaiPipeline

Completed

Pipeline in Process

NongPlaLai - Maptaphut Line 3

Raw Water Demand

13.57%

Reservoir Storage on 16 August 2010

Forecasting

Aug-Dec 2010

16 Aug. 2010

213.35 MCM (78%)

Raw Water Storage Forecasting from Aug to the End of Dec 2010

(Dokkrai, Nongplalai & Klongyai Reservoir)

Total of Maximum Raw Water Storage (3 Reservoirs) 275.25 MCM

Minimum of Total Raw Water Storage (3 Reservoirs) 19.5 MCM

Tota

l w

ate

r Sto

rage o

f D

okkra

i, N

ongpla

lai&

KkongyaiRese

rvoir

6 August 2010 = 210.4 MCM

Control Volume at the End of a Year = 230 MCM

Average Inflow

In Crisis Year(2005)

In Drought Year (Once in a Decade)

In Crisis Year(2004)Control Level = 160 MCM

0

50

100

150

200

250

300

350

400

450

500

550

600

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

Ra

w W

ate

r D

em

an

d (

mcm

/yr)

Raw water Demand vs Supply in Chonburi & Rayong

327.3 mcm

467.3 mcm

10 yr : 2020

- Prasae Reservoir 80 mcm

389

244

10 yr : 2020

- Prasae Reservoir 80 mcm

as of 30-June-2010

10 yr : 2020

- Prasae Reservoir 80 mcm

DK+NPL+NK+RY+BPK 247.3 mcm

10 yr : 2020

- Klong Pra Ong Chao Chaiyanuchit 70 mcm- Klong Wang Ta Nod 70 mcm

Raw Water Demand

- Prasae Reservoir 80 mcm

Raw Water Demand vs Supply in Chonburi & Rayong

Contents

• Company Overview

• Operation Highlights

• Financial Highlights

• Futures Highlights

• Corporate Social Responsibility : CSR

Prasae-Klongyai Pipeline Linkage Project In Aug 2005, assigned by the Cabinet

to be responsible for the 31.8 km.

Prasae-Klongyai Pipeline project

(1,680MB) to supply water to

Maptaphut area

Completed construction, on 14 July

2009.

On 2 April 2010, project handed over

to RID.

On 8 April 2010, fully received payment value of ฿1,567 million from

RID.

Previous Agreement RID will pay

the installments by deduct the

raw water cost that East Water

purchase from RID.

-

500.00

1,000.00

1,500.00

2,000.00

2,500.00

3,000.00

2008 2009 Q2/2010

66% 66%

69%

22%

22%

23%

8%

10%

7%

3%

1%

1%

1%

1%

Source of Revenue

Q2/2009

716.73

Revenue(MB) Q2/2010 Q2/2009 %Change

Normal Business

Raw Water 559.68 462 21.14%

Tap Water 185.41 160.85 15.27%

Service and Rental Income 54.07 68.99 -21.63%

Interest&Dividend Income 9.99 10.3 -3.01%

Other Income 3.11 14.59 -78.68%

Total Revenue 812.26 716.73 13.33%

Extra Ordinary

Asset Sales(Prasae) 1567.29 n/a n/a

Total Revenue (Include Prasae)

2379.6 716.73 232.00%

812.26

2,502.00

2,878.50

13.33%

Remark : Q2/2010 For 3 months End 30th June 2010

Revenue from Normal Business excluded Prasae

Source of Revenue

Q2/2009

232%

716.73

Remark 1 : Q2/2010 For 3 months End 30th June 2010

Total Revenue include PrasaeRemark 2 : Analyze Q2/2010 statement by exclude Prasae in the next slide

Revenue(MB) Q2/2010 Q2/2009 %Change

Normal Business

Raw Water 559.68 462 21.14%

Tap Water 185.41 160.85 15.27%

Service and Rental Income 54.07 68.99 -21.63%

Interest&Dividend Income 9.99 10.3 -3.01%

Other Income 3.11 14.59 -78.68%

Total Revenue 812.26 716.73 13.33%

Extra Ordinary

Asset Sales(Prasae) 1567.29 n/a n/a

Total Revenue (Include Prasae)

2379.6 716.73 232.00%

-

50

100

150

200

250

2008 2009 Q2/2010 (3M)

224 221

61

Volume of Raw Water (3 M)

-

500.00

1,000.00

1,500.00

2,000.00

2,500.00

2008 2009 Q2/2010 (3M)

1,747.31

2,007.77

559.68

Sales of Raw Water (3M)

Sales and Volume : Raw Water

Q2/09

51Q2/09

462.00

21.12% YoY 21.14% YoY

฿7.81/CM

฿9.10/CM

฿9.11/CM

Average Tariff

Remark : Q2 For 3 months End 30th June

-

10

20

30

40

50

60

2008 2009 Q2/2010 (3M)

49 53

15

Volume of Tap Water (3M)

-

100

200

300

400

500

600

700

2008 2009 Q2/2010

561 636

185

Sales of Tap Water (3M)

Sales and Volume : Tap Water

15.27% YoY

161

14.32% YoY

Q2/200913

Average Tariff

฿11.45/CM

฿12.00/CM

฿12.04/CMQ2/2009

Remark : Q2 For 3 months End 30th June

20%

2%

32%

30%

16%

Raw Water16%

Labor2%

Electricity36%

Depreciation34%

Other12%

COGS of Raw Water Breakdown

Q2/2009

Q2/2010

0

100

200

300

400

500

600

Q2/2008 Q2/2009 Q2/2010 (3M)

40% 34% 35%

425462

560

Margin COGS

Remark : Q2 For 3 months End 30th JuneCOGS of Raw Water increase because of depreciation effect

60% 66%

65%

0

500

1000

1500

2000

2500

3000

2008 2009 Q2/2010 (6M)

46% 41%

39%

54% 59%

61%

Margin COGS

Million Baht

Sales Revenue vs. COGS

2008 – Q2/2010(6 months) Q2/2008-Q2/2010(3 months)

2,201.76

2,543.54

1,437.88

0

100

200

300

400

500

600

700

800

Q2/2008 Q2/2009 Q2/2010 (3M)

42% 40%40%

58%60%

60%

Margin COGS

566

745

624

Million Baht

1,233.52Q2/2009

13.06% YoY

19.39% YoY

-

500

1,000

1,500

2006 2007 2008 2009 Q2/2010

505 432606

807

297

796 764 917

1,250

467

1,061 1,1331,263

1,603

549

Net Profit EBIT EBITDA

East Water Group Performance

Million Baht

222 341 419

33.36%YoY

30.89%YoY

31.07%YoY

Remark1 : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec)Remark2 : The figures of Q2/2010 for 3 months end 30th June 2010 use the amounts that showed in financial statement (Included Prasae)

Financial Ratio

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only

56.27%54.24%

58.81% 60.55%

17.87%

24.22%

28.04%31.36%

8.15%10.05%

12.96%16.81%

4.36% 6.31%8.73% 11.60%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

2007 2008 2009 Q2/2010

GPM

NPM

ROE

ROA

Financial Structure

1.17

0.66

0.53 0.54

0.46

0

0.2

0.4

0.6

0.8

1

1.2

1.4

2006 2007 2008 2009 Q2/2010

Consolidated D/E Ratio

1.01

0.550.48

0.490.37

0

0.2

0.4

0.6

0.8

1

1.2

2006 2007 2008 2009 Q2/2010

Separated D/E Ratio

Source of Funds

Remark : As of 16 Aug. 2010 Average MLR (Minimum Loan Rate) = 6.00THB FIX (Thai Baht Interest Rate Fixing) = 1.164%

Contents

• Company Overview

• Operation Highlights

• Financial Highlights

• Futures Highlights

• Corporate Social Responsibility : CSR

Future Projects

Existing Raw Water Projects

1. Pipeline Expansion

NongPlaLai-MapTa Phut Line 3

NongKho-Leamchabang Pipeline

Expansion

Improvement Dokkrai Pumping

Station

Improvement Bangpra Pumping

Station

2. Water Resources Development

Private Pond

3. Potential Project

Off-Stream Reservoir at Tubma

Southern Seaboard Project

Tap water Projects

Existing Contract Expansion

Municipal waterworks Project

O&M and BOT Project

Industrial water / Wastewater Projects

Others Projects

Mini Hydro Turbine Generator (Prasae Reservoir, Nongplalai-Nongkho Pipeline)

Expand to Regional / SE Asia

Capital Expenditure

** Alternative Project is not calculated in the CAPEX as it is a raw water replacement project which will be updated in the future

Projects

TotalMB

2010MB

2011MB

2012MB

2013MB

2014MB

Raw Water Projects(Existing Cap. Enhancement) 3,330 ,520 1,060 250 3 200

Tap Water Projects 44 24 7 7 3 3

Total Capital Expenditure 3,770 ,760 ,13 32 330 23

Contents

• Company Overview

• Operation Highlights

• Financial Highlights

• Futures Highlights

• Corporate Social Responsibility : CSR

Objective

Key IssueEast Water Group

vs.Communities

Misunderstanding about EW Business

Lack of Informationand News

Communities Relationship

CSR activity should meet with

community interest

34

Operation areasTotal 83 districts Chachoengsao province = 25

Chonburi province = 29

Rayong province = 29

Target:Communities along

East Water distribution pipeline324 Kilometers in 3 provinces

East Water Football League 2010

Water Resource and EnvironmentRestoration Project

36

Strategic Approaches

Target Group

EmotionalLead

Engagement Lead

TVC

PR

Print

Ambience

Road show

Contest

OnlinePremium

PR Tie-InEvent Kick Off

Social NetworkFacebook, Twitter, Youtube

Internal Comm.

37

CSR Target Group

Strategic for Target Group in Wide Area Target

Public Company

Department Store

Royal Irrigation Department

Metropolitan Waterworks Authority

Provincial Waterworks Authority

Media & Activities

SpecialCampaign

CSR Plan in Q3-Q4

Young Leader Camp in Chonburi

• 4 – 6 August 2010 ( # 13 )• 19 – 21 August 2010 ( # 14 )

Young Leader Camp in Chacoengsao

• 25 – 27 August 2010 ( # 15 )• 1 – 3 September 2010 ( # 16 )

EWG Family Day in Chonburi & Chacheongsao

23 August 2010

Volunteer Spirit # 4 13 – 16 October 2010

Volunteer Spirit # 5 17 – 20 November 2010

Reduce expense…Increase income

• 4 – 6 communities in every month

Q & A

Eastern Water Resources Development and Management Public Co., Ltd.

Address : 23-26 Floor, East Water Building 1, Vipavadeerangsit Soi 5Vipavadeerangsit Rd., Jompol Jatujak, Bangkok 10900

Tel. : +662 272 1600 Ext. 2332, 2317, 2368

Website : www.eastwater.com

Email : ir@eastwater.com