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Prepared by Investor Relations DepartmentVGI Global Media Plc

VGI Global Media Plc

SET OPPORTUNITY DAY2017/18 Earnings Presentation1 June 2018


Investment involves risk. Prospective should understand the characteristics of Securities and study information about VGI Global Media Public CompanyLimited (“VGI” or the “Company”) before making a decision to invest in Securities.

This Presentation is not intended to provide the basis for any investment decision, nor to substitute your own analysis and investigation, and should not beconsidered as a recommendation to any recipient of this Presentation. Some statements made in this presentation are forward-looking statements, whichare subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and otherstatement that are not historical facts. These statement can be identified by the use of forward-looking terminology such as “may”, “will”, “expect” ,“intend”, “estimate”, “continue”, “plan” or other similar words.

The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company.These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from anyfuture results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be, reliedon as promise or representation of the Company as to the future.

Disclaimer

2


Section 1 4Q 2017/18 and 2017/18 Financial Performance

Section 2 Business Update

Agenda

3


PROFIT AND LOSS STATEMENT

4Q 2017/18 and 2017/18 Overview

4Section 1: 4Q 2017/18 and 2017/18 Financial Performance

• Revenue expansion by 29.0% YoY driven by all business segments and synergies from Offline-to-Online (O2O) solutions.

• Better Gross profit margin from operational efficiency and cost management especially in Outdoor media and Digital services segment. (Cost-to-sales ratio decreased to 39.0% from 41.6%).

• EBITDA rose as a result of the substantial improved revenue.

• Adjusted net profit increased by 27.7% YoY mainly due to higher revenue despite 1) an increase in concession fee of Transit media from 5% to 10% and 2) higher interest expenses.

KEY FACTORS

TRANSITTHB 2,262mn

57.5%

2017/18 REVENUE CONTRIBUTION

9.6%

DIGITAL SERVICESTHB 378mn

8.6%

OFFICE & OTHERTHB 338mn

24.3%

OUTDOORTHB 958mn

THB 3,936mn

(THB mn) 4Q 16/17 4Q 17/18 YoY (%) 16/17 17/18 YoY (%)

Operating revenue 864 1,128 30.6% 3,051 3,936 29.0%

Cost of sales 357 406 13.8% 1,269 1,535 21.0%

Gross profit 507 722 42.5% 1,783 2,401 34.7%

EBITDA 347 524 50.9% 1,357 1,691 24.6%

Adjusted EBITDA1 350 535 52.7% 1,238 1,779 43.6%

EBIT 252 413 63.9% 1,010 1,258 24.5%

Interest expenses 10 17 64.9% 32 88 176.1%

Tax 39 66 70.8% 210 241 15.1%

Net Profit2 193 288 49.1% 826 846 2.4%

Adjusted net profit3 205 305 49.0% 755 964 27.7%

Gross profit margin 58.6% 64.0% 58.4% 61.0%

EBITDA margin 40.1% 46.4% 44.5% 43.0%

Adjusted EBITDA margin 40.5% 47.4% 40.6% 45.2%

Net profit margin 22.4% 25.5% 27.1% 21.5%

Adjusted net profit margin 23.7% 27.1% 24.7% 24.5%1Adjusted for gain of fair value measurement in MACO at acquisition date, share of investment in JV and associates and non-recurring expenses.2As shown in financial statement, excluding minority interest.3Net profit excludes minority interest, is adjusted for amortisation of PPA in MACO, gain of fair value measurement in MACO at acquisition date, non-recurring expenses and share of investment in JV and associates.


TRANSIT MEDIA REVENUE (THB mn)

Revenue by Business UnitsBroad and resilient portfolio

5

Driven by strong organic growth, price increases of static and digital media as well as the synergies from O2O solutions, which has proven to be impactful to financial performance. During 2017/18, the Company has successfully implemented the campaigns on 11 BTS stations.

2016/17 2017/18

458 488 463 516

61 88 85 102

535 519 576 548

618

4Q 1Q 2Q 3Q 4Q

+15.6% YoY

NEW SYNERGIES ON TRANSIT MEDIA

336

2016/17 2017/18

2,262

1,865

+21.3% YoY

OFFICE & OTHER MEDIA REVENUE (THB mn)

Successfully secured 12 additional contracts (a total of 174 office buildings), surpassing the year-end target of 10 additional buildings.

2016/17 2017/18

338

266

+27.3% YoY

2016/17 2017/18

71 66 83 81

108

4Q 1Q 2Q 3Q 4Q

+52.8% YoY

Section 1: 4Q 2017/18 and 2017/18 Financial Performance


Revenue by Business UnitsBroad and resilient portfolio

6

OUTDOOR MEDIA REVENUE (THB mn)

Driven by the full year consolidation of MACO starting in June 2016 as well as the launch of 35 new LED billboards, which increasingly popular since being launched in July 2017.

2016/17 2017/18

958

550

+74.3% YoY

2016/17 2017/18

161 170 232 265 291

4Q 1Q 2Q 3Q 4Q

+80.7% YoY

DIGITAL SERVICES REVENUE (THB mn)

Higher revenue due to an increase in card issuing fee, project management fee and the lead to insurance and credit card website.

2016/17 2017/18

378371

+1.9% YoY

2016/17 2017/18

97 97 87 84 110

4Q 1Q 2Q 3Q 4Q

+13.8% YoY



Balance Sheet & Cash Flow

7

ASSETS BREAKDOWN (THB mn)

CASH FLOW (THB mn)

LIABILITY & EQUITY BREAKDOWN (THB mn)

5,372 5,911

2,613

3,706

31 March 17 31 March 18

38.5%

61.5% Non-current assets

Current assets32.7%

67.3%

9,617

7,985

Actual Target

17/18 17/18

Transit Media 123 250

Office & Others Media 33 90

Total VGI 156 340

Outdoor Media 309 210

Digital Services 84 150

Total VGI, MACO & Rabbit 549 700

CAPEX (THB mn)

799 757

1,657

Beginning cash(Restated)

(31/3/2017)

CFO CFI CFF Ending cash(31/03/2018)

*After tax and net tax refund (THB 275mn) and interest expense (THB 83mn)**Included translation adjustment of (THB -1.6mn)

Equity

3,105

5,917

2,072

1,6522,808

2,048

31 March 17 31 March 18

Non-current liabilities

Current liabilities

38.9%

25.9%

35.2%

9,617

7,985

61.5%

17.2%

21.3%

IB Debt THB 2,957mn THB 1,763mn

D/E ratio 1.0x 0.3x


1,272*

343**


Section 1 4Q 2017/18 and 2017/18 Financial Performance

Section 2 Business Update

Agenda

8


Update on an Acquisition of Kerry Express (Thailand)

9

% of investment 23% of total shares

Total investment THB 5,901mn

Vendors 1. KLN Logistics (Thailand) Limited*2. Gather Excellence Limited & Siam Chao Phraya

Express Limited

Target Kerry Express (Thailand) Limited

Source of funds Step1: THB 5.9bn by cash (100% transaction value)

Step2: After the completion of cash payment, VGI will issues new shares (15% of transaction value) to vendors via private placement.

Rationale and synergies:-

• VGI will solidify its establishment within the O2O ecosystem

• Enables VGI to have physical connectivity to the consumers, with a particular focus on the e-commerce business.

• Strengthen VGI’s capabilities in tailor-made advertising solutions surrounding Kerry Express’s sophisticated delivery “heat map”

• Creating new opportunities, such as smart product sampling, via Kerry Express’ extensive delivery routes

• Building on new forms of transit media using Kerry Express’ thousands of delivery vehicles and service points in Thailand.

• In the agreement, Kerry Express also accepts to use Rabbit Rewards as an exclusive loyalty program.

TRANSACTION SUMMARY INVESTMENT HIGHLIGHTS

* A subsidiary of Kerry Logistics Network Limited (Hong Kong)

Section 2: Business Update


Update on a Partnership between Rabbit LinePay and AIS

10

% of investment 33.3% of total shares

Total investment THB 787mn

Purchaser Advanced Info Services Public Company Limited

Seller Rabbit Line Pay Company Limited

TRANSACTION SUMMARY

• The key catalyst is to expand our own propriety database. RLP enables VGI to go further beyond Bangkok

• To expand RLP, to push it to be the no. 1 wallet, requires key anchors. The new partnership includes the no. 1 micropayment network (which includes the no. 1 Transit (Rabbit & BTS), the no. 1 ecommerce Logistic (Kerry), the no. communication consumer channel (LINE) and now the no. 1 Telco (AIS).

With 40mn user base, AIS will help RLP expand user base by setting the RLP system to be their default payment option in the Mpay application

AIS will be pivotal in providing over 500k cash-in channels for RLP.

INVESTMENT HIGHLIGHTS

PRE AND POST SHAREHOLDING STRUCTURE

PRE TRANSACTION

VGI BSSH

RPS LINE

RLP

90%

80%

50% 50%

VGI BSSH

RPS AIS

RLP

LINE

POST TRANSACTION

33.3%

33.3%33.3%

80%

90%

Note:RPS refers to Rabbit Pay SystemRLP refers to Rabbit LinePayLINE comprised of Line biz plus (25%) and LINE Company Thailand (25%)

AIS acquired newly issued shares of RLP.



TRANSIT MEDIA

Bangkok’s Network

• OPPO brand at Mo Chit, Ploenchit and Saladang

• AEON brand at Asok

• COMICO brand at Victory Monument

• Aquarius at Chong Nonsi

• AIS at Siam

• McDonald’s at National Stadium

• Netflix at Phaya Thai

• AIA at Chit Lom

• Shopee at Phrom Phong and Victory Monument

Malaysia’s Network

• Media on 19 stations and 25 trains

OFFICE MEDIA

• Total 174 office buildings (additional 12 buildings)

OUTDOOR MEDIA

• Fully operated 35 digital screens

AVIATION MEDIA

• 15 airports in Thailand and Myanmar

• 343 digital screens

• 80 media on planes of Air Asia, Thai Lion Air and Nok Air

ACTIVATION MEDIA

• Demonstration services on 34 BTS stations

Business Update

11

OUT OF HOME KEY DEVELOPMENTS


AIS at Siam Station

McDonalds’ at National Stadium


Business Update

12

DIGITAL SERVICES KEY DEVELOPMENTS

OFFLINE PAYMENT

• 8.9mn cardholders

• 5,680 retail points

• 157 brand partners

ONLINE PAYMENT

• 2.9mn Rabbit LinePay members

• 678 merchants

MICRO LOAN SERVICES

• THB 1,366mn


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