20th March 2006

Samart Group

SET Opportunity DaySET Opportunity Day

Key Accomplishments• Business reorganization:

- Injected Samart Comtech into Samart Telcoms• Dividend payment:

- SAMART: Bt. 0.30 for 2005 performance (Bt. 0.10 interim, Bt 0.20 final)- SIM: Bt. 0.47 for 2005 performance (Bt. 0.25 interim, Bt.0.22 final)- SAMTEL: Bt. 0.30 for 2005 performance (Bt. 0.15 interim, Bt. 0.15 final)

• Realigned Business Portfolio:

- Invited Telekom Malaysia as strategic investor in SIM (24.42%)- Off loaded 49% stake in Mobile operations in Cambodia to Telekom Malaysia • Recognition:

-Samart was conferred to use Royal Garuda by Appointment of His Majesty the King of Thailand

100% jump in revenues from International Markets

International, Bt.1220 mill,

9%

Domestic, Bt. 12869 mill,

91%

Revenues from International Markets

International, Bt.3256 mill

18%

Domestic, Bt.15174 mill

82%

2004 2005

Proportion of revenues from international markets to improve significantly in 2006

2005 Consolidated Performance

14657

18858

546 584

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

20000

Revenue Net Profit from Operation

- Revenues up 28.6%- Net Profit up 6.9%- Core Profit up 25.3%

Y-O-YProfit details: 2004 2005

Net Profit: 546 584Less:Gain from BLISS 80 0TTM

Net Op. Profit 466 584

EPS from Op. 0.49 0.61EPS incl. Extra 0.58 0.61ROE 24.4% 21.3%ROA 4.54% 4.48%D/E L/T debt 0.85 0.66(Co. only)

2005 Performance

SIM69%

SAMTEL11%

Related+Govt Business

20%

Revenue Contribution

SIM46%

SAMTEL22%

Related+Govt Business

32%

Net Profit Contribution

Consolidated Balance Sheet Dec. 2004 Dec.

2005 Total Current Assets 6,399 6,785Total Current Liabilities 5,217 6,279Net Working Capital 1,182 506

Total Assets 12,029 13,027Total Liabilities 8,163 8,848

Retained Losses (81) 387

Company shareholders equity 2,234 2,735

Total Shareholders Equity 3,865 4,179

Business Focus: Growth Drivers

ICT & Telecom ICT & Telecom businessesbusinesses

HandsetHandsetContentContentMultimediaMultimediaEntertainmentEntertainment

Technology Technology related investmerelated investmentsnts

UtilitiesUtilitiesTransportationTransportation

-Turnkey and serviceTurnkey and service projectsprojects

- Expansion of IPSATRExpansion of IPSATR projects with TOTprojects with TOT and other govt agenciesand other govt agencies

- OutsourcingOutsourcing

- Regional presenceRegional presence (M’sia, B’desh, Indonesia,(M’sia, B’desh, Indonesia, Indo china, South Asia)Indo china, South Asia)

- Exclusive content providerExclusive content provider (new applications)(new applications) 3G/Broadband3G/Broadband

- Opportunities in mediaOpportunities in media entertainment sectorentertainment sector

- Technology related Technology related investmentsinvestments

- Domestic and internationalDomestic and international projects related to utilitiesprojects related to utilities

Business Structure: 2006

51%51% 65%65%

New ProjectNew Project

90%90%

RelatedRelatedBusinessesBusinesses

Call CenterCall Center

100%100% 100%100%

UtilitiesUtilitiesBusinessBusiness

New Inbound Carriers

Phnom Penh – Air Asia,Thai Air Asia, Jet StarSiem Reap – Air Asia,Jet Star,Asiana

Siem Reap – Jet Star

New Over flight routes 2006

Samui Hong Kong

Taiwan KL Singapore

Hong Kong KL Singapore

Africa

34000

36275

37700

32000

33000

34000

35000

36000

37000

38000

2003 2004 2005

-Sustainable growth inSustainable growth in- Inbound trafficInbound traffic- Over flightsOver flights

Cambodia Air Traffic Services

2005 revenues of 2005 revenues of USD 15.5 millUSD 15.5 mill

Growth in regional air traffic to benefit CATS in 2006Growth in regional air traffic to benefit CATS in 2006

Call Center Business

Turnkey

System Outsource

Call Center

OutboundTelesales

Debt Collection

CS Training

Academy

One to

One

• MOTC (คมนาคม)

• MOC (พาณิ�ชย์)

• MOPH (สาธารณิส�ข)

• MOL (แรงงาน)

• MOI (มหาดไทย์)

• MOF (การคลั�ง)

• Bank

• Insurance

• Financial Firm

• Automobile

• PTT

• Microsoft

• HP/IBM

• ICT, Transportation, TAT, MEA, PEA

The only integrated call center in ThailandThe only integrated call center in Thailand

System design, installation ofcall center

facilities for clientsComplete operations of

Call center facilities

Market Size and Opportunity

• Target Outbound call centers for private and government clients

Academy Bt. 50 mill

( 1% )

Outsource, Bt. 1500 mill ( 23% )

Turnkey Bt. 2000 mill ( 31% )Outbound, Bt.

3000 mill ( 45% )

• Strengthen position in Outsourcing market

• Maintain leadership in Turnkey call center sector

Opportunities 2006:

• NBT project: Opportunity to sell Samart DTH

• World cup 2006• Export new product (Samart DTH)

to neighboring countries

DTH Strategy:• Samart DTH is position towards C+

Target• It’s KU band digital quality reception• Able to receive free TV and NBT

DSTV Strategy:• Increase sales from new UBC

package• Introduce new promotion to the

market• Attractive pricing

Type Mkt ShareAntenna 77%C-Band 15%

KU-Band 90%C&KU-Band 60%

Samart Engineering

Samart i-mobile Public Company Limited

Symbol:SIM.BK

Total Shares: 430 mill

Free Float: 20%

2005 Performance

- Revenues up 28.4%- Net Profit down 11.9%- Core Profit up 20.1%

Y-O-Y

Include Bt. 114 mill extra ordinary gain from disposal of BLISS & TTM shares

10101

12,975

427 376

0

2000

4000

6000

8000

10000

12000

14000

Revenue Net Profit

Profit details: 2004 2005

Net Profit: 427 376Less:Gain from BLISS 114 0TTM

Net Op. Profit 313 376

EPS from Op. 0.72 0.87EPS incl. Extra 0.99 0.87ROE 19.6% 17.0%ROA 8.65% 8.20%D/E L/T debt 0.05 0.00(Co. only)

Consolidated Financials

Dec. 2004 Dec. 2005 Total Current Assets 3,803 3,469Total Current Liabilities 2,648 2,362

Total Assets 4,939 4,583Total Liabilities 2,769 2,377

Shareholders equity 2,169 2,205

Handset compositionIncreasing house brands

1,050,000

750,000

500,000

1,300,000

1,170,0006500

5500

75007300

6900

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2001 2002 2003 2004 2005

0

1000

2000

3000

4000

5000

6000

7000

8000

Handset sales & Average price

Actual data

500,000

0

750,000

0

1,050,000

0

1,170,000

375000

1300000

850000

1500000

1000000

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2001 2002 2003 2004 2005 2006

Domestic Handset Sales: 2001-2006(f)

Replacement MarketReplacement Market

Ne w

fe a

t ur e

sN

ew f

eatu

res

Pe e

r p

ress

ur e

Pee

r p

ress

ure

Af f

ord

able

Aff

ord

able

3G Handsets3G Handsets

New

Ser

vic e

sN

ew S

erv i

c es

New sub to slow downNew sub to slow downReplacement mkt to grow 12%Replacement mkt to grow 12%

Total h/s mkt = 6.8 millTotal h/s mkt = 6.8 millH/s avg price = Bt.7,250H/s avg price = Bt.7,250

20062006

50,000 h/s50,000 h/s

2006200674 handset models74 handset models- House brand- House brand- Branded- Branded

- 3G h/s sales to take off 2007 onwards- 3G h/s sales to take off 2007 onwards

- New generation handsets to drive growth- New generation handsets to drive growth

Domestic Handset Market Opportunities

Positioning

Positioning

• Target sales growth twice the market growth

• Build strong number 3 position in the local market

with 20% market share

ServicesServices

ProductsProducts

• Expand Service Center throughout nationwide

• Improve quality & reduce fault rate of i-mobile phones

• Available tempo phones and reduce turnaround time

“ Mobile Multimedia Society”

MarketMarket • 3.2 new addition and 3.6 replacement users for 2006

• Innovative, customized and value for money, mid-high end

• 65% of total handsets in 2006 will be house brands

• Launch I-mobile “3G” handsets within 2006

Domestic Handset Sales: Action Plan 2006

International BusinessInternational BusinessInternational BusinessInternational Business

International

Existing marketsExisting markets• Bangladesh

• Cambodia

• Laos

• Malaysia

New potential New potential marketsmarkets• Brunei*

• India*

• Indonesia*

• Pakistan*

• Vietnam

Note: * TMI ’s territories

“Regional Mobile Multimedia”

Telekom Malaysia International

Top Brand

i-mobile Brand

Mobile Content Application

New Alliance & Business Opportunity

• • • •

•

• •

• • •

•

• Markets to be penetrated beginning 2006

Existing Markets

•

BangladeshAktelGSM

CambodiaCASACOM

GSM

Sri LankaMTNGSM

IndonediaXlcom Indo

GSM

MslaysiaCelcom

GSM/3G/CDMA

18% penetration18% penetrationPop:20 millPop:20 mill

International Business

7% penetration7% penetrationPop:12 millPop:12 mill

70% penetration70% penetrationPop: 26 millPop: 26 mill

22% penetration22% penetrationPop: 233 millPop: 233 mill

7% penetration7% penetrationPop:140 millPop:140 millOpportunities from

Low penetration markets

International Business

12000

400000

4800

5100

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

2004 2005

4650

4700

4750

4800

4850

4900

4950

5000

5050

5100

5150

Handset Sales In International Marketsvs. Average price

- Exclusive 3G handset/content provider for Celcom- H/S swap program for 100,000 post paid users- Set up key dealer network for distribution

Sri Lanka1%

Bangladesh3%

Vietnam1%

Indonesia7%

Thailand81%

Malaysia7%

2007 (est.)2007 (est.)

Sales by markets

Content Business: New Opportunities

4

19.8

53.6

87.1

115

133

145

0

20

40

60

80

100

120

140

160

1999 2000 2001 2002 2003 2004 2005

BroadbandBroadbandContentContent

VoiceVoice Non- VoiceNon- Voice MediaMedia

42%42%

46%

75%

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

2002 2003 2004 2005 (e) 2006 (e)

0

10

20

30

40

50

60

70

80

Non-Voice % GrowthSource: Bualuang SecSource: Bualuang Sec

Growth opportunityGrowth opportunityMillion Minutes 1999-2005Million Minutes 1999-2005

Multimedia BusinessMultimedia BusinessMultimedia BusinessMultimedia Business

2006 Business Outlook

• Download full song service in WMA format with DRM (Protect copyright)

BUG Music

• Provide information e.g. restaurant, travel destination, based on user’s location

City Guide

• Real-time mobile chatting service • “Avatar“ is cute cartoon representing each

user’s character to make chatting more interesting & realistic

Never Land

Avatar

New Products

Coming up next

for Q2/2006

Application Roadmap 2006

Personal EntertainmentPersonal Entertainment

Personal CommunicationPersonal Communication

Personal InformationPersonal Information

Personal ProductivityPersonal Productivity

Personal InvestmentPersonal Investment

Music Caller Media Browser Pocket Music

Never Land

M - Ripper

Smart Live Media

City Guide Personal Smart V3

Financial Smart V4

Catalogs on Mobile

M - Blog

Lady’s Corner II

Bug Music

1900

BugHits

BugHits

1113

1113

Smart TVBroadband

1900

MobileCast

Samart Telcoms Public Company Limited

Symbol:SAMT.BKSymbol:SAMT.BK

Total Shares: 600 millTotal Shares: 600 mill

Free Float: 30%Free Float: 30%

SAMTEL Business StructureNetwork

Services

System Integration

Business ApplicationSolutions & Services

Outsourcing

- Providing network services & applications - VSAT/IP Star - USO - NGN - Business TV/Broadcasting - ISP Business

Providing turnkey IT solutions for private/government sector - MOI - MOJ - MOD - NBIA

Provide specific business process application services for business effectiveness - e payment - e logistics - e Learning

Provide application integration services in specific industries for business efficiency - Government - Telecoms

Growth potential

SAMTELPortfolio

2005 Performance

1443

2137

171248

0

500

1000

1500

2000

2500

Revenue Net Profit

- Revenues up 48%- Net Profit up 45%

profit details: 2004 2005

Net Profit: 171 248Less:Extra gain 0 0

Core Profit 171 248EPS from Op. 0.33 0.47

EPS incl. Extra 0.33 0.47

ROE 11.7% 20.6%

ROA 9.1% 6.1%

D/E L/T debt 0.01 0.16

(Co. only)

Y-O-Y

Consolidated Financials

Dec. 2004 Dec. 2005

Total Current Assets 674 2,294Total Current Liabilities 410 2,024

Total Assets 1,871 4,018Total Liabilities 416 2,818

Shareholders equity 1,455 1,199

Opportunities 2006

2006 Market Environment

• ICT Biz 2006 Growth is 10 % and 2005 is 7% fm 2004 Mobile up 12.5% to 29.3 M Sub, Computer Unit up

12.5% to 1.34 M, Internet User up 10% to 10 M sub • NTC deregulates Lic. ISP, VOIP, Internet GW in 2005 and coming 3G, Wimax, Satellite Services, Unbundle NW Element in 2006 as well as introduction of Interconnecting charge. • High Competitions among Infrastructure Provider

TOT, CAT, True, TT&T, AIS, Dtac Opportunity for shopping best deals.• High Demand on NW Bandwidth, e Security, Web Services and Outsourcing services to support e Government.

NTC related Projects

New Generation Networks

- TOT: Soft switch

IPSATR applications for corporate/govt.

- Distance learning- Satellite Broad band- Business broadcasting- Internet Tambol

Other Projects

- Government Savings Bank- POSNET EDC terminal sales

Opportunities 2006

Existing Cash Cow Business

Rural telephony Concession8,000 numbersBt. 72 mill/mo fixed

Concession Period till9/2006

MaintenanceContract9/2006onwards

+

School net Concession10,000-14,000schoolsBt. 40-50 mill/mo fixed

Concession Period till1/2011

ProvideInternetAccess using IPSATR(voice+data)

Cash Cowof the Group

Rural Telephony ProjectRural Telephony Project

School Net ProjectSchool Net Project

• Over Baht 100 mill/month in fixed revenuesOver Baht 100 mill/month in fixed revenues

HOST A

HOST B

HOST C

POSNET Center

Satellite

Data Network(Lease Line)

Data Network(Lease Line)

PSTN(Dial line)

GPRS Network(Lease Line)

Telephone

SHOP

BANK

SHOP

SHOP SHOP

Customer Network

Satellite, Microwave ,Data Network

Customer Center

EDC Terminal (EFTPOS)

NAC

EDC Terminal (EFTPOS)

EDC Terminal (EFTPOS)

EDC Terminal (EFTPOS)

“EFTPOS/EDC: Electronic File Transfer Point of Sale / Electronic Data Collect”

Service Outsourcing

Terminal Trading

Petronas

Turn Key Solutions

Business Applications: EFTPOS

- Opportunity to- Opportunity to Sell EDC Sell EDC TerminalsTerminals- Expand ServiceExpand Service outsourcingoutsourcing

Customer Base

Suvarnabhumi Airport Ministry of Interior Ministry of Defense Royal Thai Air Force Supreme Command

Headquarters Royal Thai Aid-De-Camp

Department

Ministry of Justice Department of Industrial

Works Thai Meteorological

Department Department of Civil

Aviation Immigration Bureau ITV

System Integration

Government Spending on ITUnit: Million Baht

Government Budget on ICT 2004 2005 2006

Overall Budget 20,605 21,247 32,198

Key Customer (Total) 2,982 4,371 7,991 Ministry of Interior 1,049 1,336 4,101 Ministry of Defense 378 195 246 Ministry of Industry 40 69 116 Ministry of Justice 320 542 922

Ministry of Agriculture & Cooperatives 138 532 260 Ministry of Transport & Communications 278 625 344

NBIA 780 1,072 2,000

Source:1. Ministry of Information and Communication Technology2. National Electronics and Computer Technology Center

3. Bureau of Budget, Thailand

System Integration

System Integration

296

1008

1574

0

200

400

600

800

1000

1200

1400

1600

2003 2004 2005

RevenuesRevenues- Consistent Consistent growth over pastgrowth over past 3 yrs3 yrs

- Beneficiary of Beneficiary of increased increased spending byspending by governmentgovernment agencies agencies

- Increased knowIncreased know how (S/W, H/W,how (S/W, H/W, complex systems)complex systems)

Government Saving Bank Bht 142 mill

POSNET Terminal Sales Bht 139 mill

Projects won in Q1-06