Kerry Express (Thailand)

SET Opportuni ty Day

J u n e 2 0 2 1

BusinessOverview

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KEX at a Glance

9Sorting Hubs

As the leading and fast growing express delivery company in Thailand and the pioneer of convenient and express delivery solutions in Thailand, we offer a comprehensive range of integrated parcel delivery services to customers in the C2C, B2C, and B2B segments.

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TAXI TAXI TAXI

Strong Network with Nationwide Coverage

Industry-Leading Service QualityLargest Payment-on-delivery

Express Company

99.99% Next-Day Delivery Service Coverage within Thailand

<1.5% of Parcels Returned

6.2bn+(THB)

Average Monthly Transaction Value

฿15,000+Service Locations

1,000+Distribution Centres

99% of Parcels Delivered on Time

19,000+Fleet of Vehicles under our Management

ALL 77 Provinces in Thailand covered

STRONG ENTRANCE INTO 2021

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KEX KICKED OFF AN AGGRESSIVE SALES APPROACH : KEX started the

year with aggressive sales approaches to proactively enter the economy

segment and support up to 30 kgs (XXL) to respond to rising demand in the

economy segment and step into broader territories.

Q1/2021 closed with continuous GROWTH IN DELIVERY VOLUME, NET

PROFIT of THB 303 million and NET PROFIT MARGIN of 7.2%, marginally

declined YoY.

KEX JOINED FORCES WITH BBL PLC. AS EXCLUSIVE FINANCIAL

PARTNER in launching Be My ID, enabling customers to verify their identity

for the opening of e-saving account at Kerry Express Parcel Shop

nationwide.

KEX JOINED TOGETHER WITH DEPARTMENT OF AGRICULTURAL

EXTENSION to develop and promote and support the logistics system for

the agricultural sector. The collaboration under the Memorandum of

Understanding aimed to assist and support the development of agricultural

practitioners in the delivering process.

Starting is Q1/2021, KEX is UPGRADING DELIVERY PLATFORM AND

SYSTEMS. At completion, KEX’s SERVICE QUALITY will be further improved

and its NETWORK EFFICIENCY will be incomparable by any regional or

domestic peer.

KEX STRATEGIES AND PLANS

Grow leadership in Thailand to realize “Kerry Express Everywhere”

Grow within the C2C sector in Thailand

Investment in Technology& IT Systems

Continue seeking synergistic partnerships & acquisitions and leveraging strategic shareholders

Diversify for sustainable growth

Continue to expand our network steadily while being guided by our proprietary data that enables us to anticipate growth in customer traffic.

Continue to adapt to local habits and preferences while further penetrating the markets. Investing in mass marketing and solidify our position as a household brand

Continue investing in in-house developed proprietary technologies, IT systems, R&D capabilities to improve our efficiency and drive growth through new initiatives. Expansion of our existing data center & disaster recovery systems

Continue to maintain a “carrier neutral” concept. Strategically invest & seek synergistic partnerships that sustainably support our growth & assurance for our shareholders

Revenue stream enhancement through existing network & new initiatives. Selectively pursue horizontal expansion & vertical integration to further strengthen our competitiveness & profit growth and grow inorganically

Environmental, Social & Corporate Governance

MISSIONWe are committed to providing quality services, enriching our society, caring for our staff and being responsible to our stakeholders and investors

VISIONThailand’s forefront express delivery company focusing on delivering utmost quality products and services that exceeds customer expectations

VALUES

Honesty

Innovation

Service mindTeamwork

Execution

Positivity

Strive to integrate ESG approach into our business operations, product & service development, employee welfares and stakeholders’ engagement. Sustainably establish relationships with the communities we serve

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NEW PHASE OF PLATFORM UPGRADE

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Technology & Signalling Systems

First-mile Last-mileTransit(sort & line-haul)

Payment

Process digitalization improves efficiency of information flow and communications as well as enhances internal monitoring effectiveness

Equipment and signaling system upgrade reduce transit time and eliminate wastage caused by touches of parcels

New delivery algorithm including address-location matching module, geo-fencing module as well as route–optimisation modulesmaking our service better and cost of service lower

New platform will kick in starting July and target to complete within 2021

NEW BUSINESS INITIATIVES

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Implementation Journey

Kerry Can-Sell Kerry Cool Kerry EnterpriseKerry Media

NEW BUSINESS INITIATIVES

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Kerry Can-SellKerry Media

SUSTAINABLE DEVELOPMENT

Green network

Green tools/ equipment

Green packaging

Box selling

Society, SME, Farmers

o Implement green initiatives such as recycle bins, waste separation across all of Kerry Express network including shops, and DCs.

o Raise environmental awareness amongst our staff whilst embedding green mindset

o Reduce carbon emission through adoption of Electric Vehicles (EV) or Electric Bikes (EB)

o Collaborate with partners to develop greener (i.e. reusable) packaging materials that less harm to the environment

o Incentivise our customers and partners to reduce/recycle usage of consumable materials like sticky tape, wraps, etc.

o Reduce household waste and gain additional income from selling of customers’ unwanted boxes o Customers will be incentivised by earning Kerry Club points for every returning used boxes

o Long-term projects with local communities aiming to improve quality of livingo Assist SMEs through the hardship of COVID-19o Collaborate with Department of Agricultural Extension for projects to improve quality of life for

Thai farmers

Green Initiatives

Social Contribution

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BusinessPerformance

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CONTINUOUS VOLUME GROWTH ACHIEVED & PROFIT MARGIN WITHIN APPROPRIATE RANGE

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373 303

Q12020 Q12021

Net Profit and Margin(THB Millions, %)

7.7%7.2%

Revenues (Sales and Services Income) (THB Millions)

4,814

4,188

Q12020 Q12021

C2C50.3%B2C

46.9%

B2B1.9%

Advertising income

0.9%

THB 4,188 mn

Q12021

Segment Contribution(THB Millions, %)

Management Objective(RPP and CPP: THB; Parcel Volume: Millions)

C2C54.5%

B2C43.6%

B2B1.8%

Advertising income0.1%

Q12020

THB 4,814 mn

92.878.1

72.164.3

80.970.3 66.4 58.3

71

174

274 294

-250

-150

-50

50

150

250

50.0

70.0

90.0

110.0

130.0

2017 2018 2019 2020

Parcel Volume

Revenue per Parcel (RPP)

Cost per Parcel (CPP)

Q12020 Q12021

22.3%

23.4% EBITDA Margin

Net Profit Margin

SOLID FINANCIAL POSITION WITH

DEBT-FREE BALANCE SHEET

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Equity10,847

Equity11,118Non

Current8,040

Non Current

7,511

Non Current3,773

Non Current3,352

Current11,278 Current

10,522

Current4,698 Current

3,563

31 Dec2020

31 Mar2021

31 Dec2020

31 Mar2021

Asset Liabilities & Equity

(Million Baht)

1The THB 800 mn debt has been repaid in January 2021.

-GEARING RATIO1

0.62D/E

2.95CURRENT RATIO

DISCLAIMER

Investment involves risks. Prospective should understand the characteristics of Securities and study information about Kerry Express (Thailand) Public Company Limited (“KEX” 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 be considered as a recommendation to any recipient of this Presentation. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and other statements that are not historical facts. These statements 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, performances or achievements to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be, relied on as promise or representation of the Company as to the future.

THANK YOU

K E R R Y E X P R E S S ( T H A I L A N D ) P U B L I C C O M P A N Y L I M I T E D

IR CONTACT

+66 (0) 63 198 1217ir@kerryexpress.com