Institutional Presentation

November 2011

Company Overview

3

Symbol GFPT (member of SET100)

Industry / Sector Agro & Food Industry / Agribusiness

Corporate Governance (2010) Very Good [80 – 89 CG Report Score]

Position To become a leading manufacturer in livestock and agricultural business,

the company sets its operational policies to comply with the international food standards to ensure quality and safety of our products

Closed Price (30/09/2010) THB 8.75 per share (52 week High / Low: 12.10 / 7.30)

Share Outstanding 1,253.82 million share @ 1 Baht per share

Market Cap. (no. of Shareholders) THB 10.97 billion (6,620 shareholders)

% Free Float (8 Apr 2011) 43.12 %

% Foreign Shareholder / %Limit 12.09% / 49.00 %

Top 5 Major Shareholder 1) Mr. Sujin Sirimongkolkasem 17.77%

2) Mr. Prasit Sirimongkolkasem 17.55%

3) Mr. Virach Sirimongkolkasem 14.36%

4) Nichirei Foods Inc. 4.52% 5) Mr. Anucha Kijthanamongkolchai 4.11%

Dividend Policy Not more than 50% of net profit of Company's separated financial

statement after deductions of any reserved portion required by law or the Company (with additional conditions)

C o m p a n y P r o f i l e

4 30 years Roadmap

Initially established

1981

1991

99.99% in GFF (sausage plant) 65% in KT (feed mill)

Listed in the Stock Exchange

of Thailand 1992

1993

49% of McKey (further processing plant)

2008 New feed mill plant (KT2) @ Cholburi area 49% of GFN (chicken processing and further

processing plant)

Stock split from THB 10 to

THB 1 per share

2010

2003

99.99% of GP (grandparent farm)

1990

99.99% in FKT (parent breeder farm) 99.99% in MKS (broiler farm)

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Company Objective

GFPT GFPT Public Company Limited Slaughter House and Further Processing Plant

96.86% KT Krungthai Feedmill PCL. Feed mill

100% MKS M.K.S. Farm Co., Ltd. Broiler Farm

100% FKT Krungthai Farm Co., Ltd. Breeder Farm and Hatchery

100% GP GP Breeding Co., Ltd. Grandparent Breeder Farm

100% GFF GF Foods Co., Ltd. Processing Plant

49% MCK McKey Food Services (Thailand) Ltd. Further Processing Plant

49% GFN GFPT Nichirei (Thailand) Co., Ltd. Slaughter House and Further Processing Plant

GFPT Fully Integrated Chicken Production

GFPT KT MKS FKT GP GFF

Feed mill Parent Breeding Farm

Slaughter House Broiler Farm Grand Parent

Breeding Farm Processing / Further Plant

GFN MCK

GFPT Group Structure

Animal Feed / Aqua Feed

Breeder Day-old-Chick Broiler Day-old-Chick Broiler Cooked Chicken / Chicken Meat Product Sausage

Cooked Chicken / Chicken Meat Product Cooked Chicken

6 Fully Integrated Chicken Production

Source: 2010 Company Data

Broiler

M K S

F K T

Broiler DOC Breeder DOC

G P

K T 1

Animal Feed

Aqua Feed

K T 2

Broiler Feed

M C K

Cooked Product

G F F

Sausage

G F P T

Chicken Meat

Chicken Part

Cooked Product

Chicken Meat

Chicken Part

Cooked Product

G F N

95%

15% 10%

100%

100%

100%

100%

Internal Use

External Sell

2010 Capacity expansion

From 12,000 MT to 24,000 MT

2010 New JV Plant (SH & FP)

Require live chicken from GFPT

Group @ 100,000 bird per day

2010 -2011 Farm expansion

From 150,000 to 250,000 bird

per day

2008 New Feed mill

Utilization increase; thus,

feed cost decrease.

2011 Farm expansion

Corn (Local)

Soybean Meal (Local)

Soybean (Import)

GP DOC (Import)

7

2,355 2,902 3,163 3,088

2,843 2,996 3,310 3,323

3,059

3,518

3,982

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Qtr1 Qtr2 Qtr3 Qtr4

Revenue by Quarter (mn THB)

2009 2010 2011

Broiler sales to GFN

Feed sales growth

2 0 1 1 S t r a t e g y & D r i v e r s

Growth Drivers 2011

7,221

8,122

10,996 11,507

12,472

10,560

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2006 2007 2008 2009 2010 2011 YTD

Consolidated Revenue (mn THB)

+20%

+8%

Target 14,300 mm THB [+15%]

+17%

8

MKS: Broiler Farm Expansion FKT: Parent Stock Farm and

Hatchery Facility

44%

28%

45%

30% 34%

56%

72%

55%

70% 66%

2006 2007 2008 2009 2010

Operating Expenditure Capital Expenditure

2006 – 2011 Capital Expenditure

• GP Breeding: New Grand Parent Farm and Hatchery facility 2006

• GFPT: Further Processing Plant Expansion • KT2: New Feedmill at Chonburi Province

2007

• KT2: New Feedmill at Chonburi Province (Cont.) 2008

• KT2: New Feedmill at Chonburi Province (Cont.) • GFPT: New Worker Dormitory • GFN: Investing in GFN

2009

• GFN: Capital Increase • GFPT: Further Processing Plant Expansion • MKS: Broiler Farm Expansion

2010

800-1,000 mln Baht 2011

3rd Quarter 2011

Performance

10

In million Baht Q3 Y11 Q3 Y10 %yoy Q2 Y11 %qoq

Revenue 3,982 3,310 20% 3,518 13%

COGS (3,310) (2,723) 22% (2,918) 13%

Gross Profit 672 587 15% 600 12%

Profit before Associated 501 428 17% 441 14%

EBIT 448 435 3% 451 (1%)

Profit before Tax 408 400 2% 413 (1%)

Net Profit for GFPT 371 368 1% 362 2%

EPS * (THB/Share) 0.30 0.29 0.29

Profit Margin 17% 18% 17% Profit before Associated Margin 13% 13% 13%

EBIT Margin 11% 13% 13%

Net Profit Margin 9% 11% 10%

Quar ter ly Financial Highlight

Note: Number of share is adjusted to 1 Bt per share for comparison purpose

11

In million Baht 9mo Y11 9mo Y10 %yoy

Revenue 10,560 9,150 15%

COGS (8,797) (7,605) 16%

Gross Profit 1,762 1,545 14%

Profit before Associated 1,297 1,064 22%

EBIT 1,210 1,106 9%

Profit before Tax 1,098 1,005 9%

Net Profit for GFPT 985 948 4%

EPS * (THB/Share) 0.79 0.76

Profit Margin 17% 17%

Profit before Associated Margin 12% 12%

EBIT Margin 11% 12%

Net Profit Margin 9% 10%

9 months Financial Highlight

12 Gross Margin & Net Prof i t Margin

471 487 587 470 490 600 672

17% 16% 18%

14%

16% 17% 17%

0%

5%

10%

15%

20%

-

100

200

300

400

500

600

700

800

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Gross Profit

Gross Profit (mm Bt) Gross Margin (%)

319 317 428 318 355 441 501

11% 11%

13%

10%

12% 13% 13%

0%

2%

4%

6%

8%

10%

12%

14%

-

100

200

300

400

500

600

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Operating Profit

Operating Profit (mm Bt) Operating Profit Margin (%)

522 525 627 470 511 654 656

18% 18%

19%

14%

17% 19%

16%

0%

5%

10%

15%

20%

-

100

200

300

400

500

600

700

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

EBITDA

EBITDA (mm Bt) EBITDA Margin (%)

287 289 371 219 252 362 371

10% 10%

11%

7%

8%

10% 9%

0%

2%

4%

6%

8%

10%

12%

-

50

100

150

200

250

300

350

400

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Net Profit (GFPT Portion)

Net Profit (mm Bt) Profit Margin (%)

13

5,931 6,170

3,284

3,679

5,382 5,763

2,578

2,672

1,256

1,414

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2010 9,215 mm Bt Q3 - 2011 9,849 mm Bt

Fixed Assets Current Asset Equity LT Liabilities Current Liabilities

2.02 2.21 2.99 3.59 4.25 4.32 4.30 4.60

0.60 0.55 0.60 1.06

1.89 2.18

2.56

1.90

-

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

2006 2007 2008 2009 2010 Q1 -2011

Q2 -2011

Q3 -2011

Book Value (Bt/Share)

Book Value P/BV (x)

2,650 3,453 3,718 3,614 3,833 4,045 4,366 4,086

1.04

1.23

0.98

0.79 0.71 0.75

0.81 0.71

-

0.50

1.00

1.50

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2006 2007 2008 2009 2010 Q1 -2011

Q2 -2011

Q3 -2011

DE Ratio (x)

Total Liabilities (mm THB) D/E (x)

Balance Sheet

Q 3 Y 2 0 1 1 R e v e n u e B r e a k d o w n

Food 44%

Feed 37%

Farm 19%

Revenue 3,982 million THB

Business Segment

Chicken Export 12%

Chicken Indirect Export 11%

Chicken Domestic

18%

Processed Food 3%

Animal Feed 14%

Fish Feed 9% Shrimp

Feed 14%

Live Chicken

16%

DOC 3%

Product Segment

15 Feed Business

96,100 100,800 112,600 111,000 107,700 114,000 129,500 -

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Animal Feed (MT)

11,600 11,100 16,600 13,800 10,500 12,500 19,100 -

5,000

10,000

15,000

20,000

25,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Fish Feed (MT)

11,900 13,500 17,400 14,300 9,800 13,000 18,700 -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Shrimp Feed (MT)

+15% yoy

+14% qoq

+15% yoy

+53% qoq

+7% yoy

+44% qoq

16 Chicken Meat Business

4,800 5,100 5,500 5,900 3,800 3,700 3,300 -

1,000

2,000

3,000

4,000

5,000

6,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Export Volume (MT)

5,000 4,900 4,500 4,000 4,200 4,500 4,100 -

1,000

2,000

3,000

4,000

5,000

6,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Indirect Export Volume (MT)

20,200 21,800 23,700 23,400 18,600 17,200 20,100 -

5,000

10,000

15,000

20,000

25,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11

Domestic Volume (MT)

(40%) yoy

(11%) qoq

(9%) yoy

(9%) qoq

(15%) yoy

+17% qoq

17

6 5 6

8 9

7

9 10

10 9

-

2

4

6

8

10

12

Maize (Bt/Kg)

8

13

8

12 12 12

17 19

22

17

-

5

10

15

20

25

Day-old-Chick (Bt/DOC)

13 11

10

13

17 16

14 14 13

14

-

2

4

6

8

10

12

14

16

18

20

Soybean (Bt/Kg)

26

33 28

33 38 38

41

48 52

41

-

10

20

30

40

50

60

Broiler Price (Bt/Kg)

Source: Market Data

Major Commodity Pr ice

18 GFN Transaction GFN Joint Venture between GFPT 49% and NFI (51%)

Objective To produce and distribute cooked chicken products to Japan and international

markets

Operation Slaughter House and Further Processing Plant

Capacity SH @ 100,000 birds per day and FP @ 1,500 MT per month

Project Investment Project Investment: 2,250 million Baht

Registered Capital 1,170 million Baht

Capital Structure: GFPT 49% and Nichirei Foods 51%

BOI Privileges: Corporate tax exempt for 8 years

Products: Cooked Chicken products and Fresh Chicken Meat

MKS (GFPT) GFN Nichirei (JP)

Live Broiler Cooked Products

100,000

birds per day

1,500

MT per month

A Market Leader in Frozen

Processed Chicken Meat

Products in Japan

A Fully Integrated

Chicken Production

Company in Thailand

Strength: Quality and Safety Chicken

(100% own chicken farms) Strength: Distribution Channel &

Marketing Expertise

Project and Capacity Plan:

2009: Factory construction

2010: Factory construction

2011: Ramp up capacity

Q1 @ 25,000; Q2 @ 50,000;

Q3 @ 75,000; Q4 @ 100,000

2012: Running at 100,000 bpd

GFPT Group Location

KT 1 GFPT

GFN

KT 2

MKS

MKS

Facilities that are located in Bangkok and nearby areas

Most of our Farms and Factories are located in Chonburi area

Flood Impact as of 16 November 2011

All of GFPT’s facilities are in the

non-flood zone and have been operated normally.

Disclaimer This presentation may include forward-looking statements representing expectations about future events or anticipated result

based on factors such as economic scenario, market conditions and expected future events, over many of which the Company

has no control. This material includes forward-looking statements subject to risks and uncertainties, which are based on

current expectations and projections about future events and trends that may affect the Company’s business. These statements

include projections of economic growth, as well as information about competitive position, the regulatory environment,

potential opportunities for growth and other matters. Several factors may adversely affect the estimates and assumptions on which these statements are based.

Among the factors that may lead to materially different between actual results and anticipated results expressed in such

forward-looking statements include: (i) the effect of, or changes in, general economic conditions of Thailand and other major

trading countries such as GDP growth rate, interest rate, foreign exchange rate, import/export restriction, labor wage, and

unemployment rate; (ii) fluctuations in the cost and availability of inputs and raw materials, such as feed grains (including corn

and soybean meal); (iii) market conditions for finished products, including competition from other global and domestic food

processors, demand, supply and pricing of competing products and alternative proteins, and changes in consumer preference

and diets; (vi) outbreak of a livestock disease such as avian influenza (AI), which could have an adverse effect on livestock we

own, the availability of livestock we purchase, consumer perception of certain protein products or our ability to access certain

domestic and foreign markets; (v) issues related to food safety, including costs resulting from product recalls, regulatory

compliance and any related claims or litigation; and (vi) compliance with and changes to regulations and laws (both domestic

and foreign), including changes in accounting standards, tax laws, environmental laws, agricultural laws and occupational,

health and safety laws.

The content and forward-looking statements state within this presentation only as the date they made. The Company

undertakes no responsibility on changes after that date stated herein. The material set forth herein is for informative purposes

only. It should not be taken as an offer of securities for sale.

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Contact Person: Ms. Jutamas Ingpochai Email: jutamas@gfpt.co.th

Investor Relations Department

GFPT Public Company Limited 312 Rama 2 Road Bangmod Jomthong Bangkok 10150 Thailand

Phone: +66 2 473 8000

Fax: +66 2 473 8398

www.gfpt.co.th

IR Contact