2018 ‘BBB+ (tha)’CG SCORE 2018Thailand Sustainability

Investment 2018 (THSI)

OPPORTUNITY DAY

Q4-2018

2

AGENDA

3

4

5

6

Q1-2018

MAY

Acquire a 60% stake in Chi Shan Long Feng Food Co., Ltd., or CSLF, a Taiwan-based food service

Acquire a 40% shares of Bok Seng PPSP dry port and increase 14.6% stake in PPSP in Cambodia

JUN

Start operation new cold storage in Bangna (Renovate from dry warehouse) , area of 6,200 sq.m

Q3-2018

JUN

Start operation new self storage branch in Siam (JWD store it ), area 7,500 sq.m.

Q2-2018 Q4-2018

NOV

Joint Venture with Bok Seng to Operate Project Cargo Logistics

Joint Venture with CJ logistics to expand existing customer base, win new customers, e-commerce operators

DEC

Additional sale cold storage unit, area of 2,800 sq.m. at JWD Pacific (Suwinthawong) to REIT

Receive Thailand Sustainability Investment Award from SET (The Stock Exchange of Thailand)

FEB

Start new service of transport for rail yardmanagement in Laem Chabang port

ON GOING

Art space project

Self Storage franchise model

Investment in logistics provider company : Transimex, Vietnam

7

Revenue growth 9.6% YoY

Throughputs of dangerous goods increased with CAGR of 9.2% from 2010-2018

Occupancy rate improvement over Q3

Additional service contracts from both existing and new customers

Remaining high level of occupancy rate and profitability

Cross-border transportation continuously grows

Revenue from rail transportation steadily improved QoQ

Revenue and GP significantly improved QoQ

Additional service contracts from new projects

Occupancy Rate building up

Self Storage franchise model in progress

High level of occupancy rate in cold storage, Cambodia

Cold storage expansion in progress, area of 1,000 Sq.m

8

Dangerous Goods Throughput (QoQ)

42,073 42,233

43,608 44,076

Q1-18 Q2-18 Q3-18 Q4-18

TEU

*

*TEU = Twenty-Equivalent Unit

85 9

8

12

9.4

13

7

14

6

15

3

15

7 17

1

17

2

TEU * (‘000)

Growth of DG containers at LCB

2010 2018

Yard service capacity 173,968 Sq.m. ;

Dangerous goods warehouses 10,032 Sq.m.

Maximum throughput :19,200 TEUs or 12,000 Containers

9

* Average rate by quarter

89%

69%

84%

53%80% 88% 82% 81% 89% 94% 91% 89%

60%

62% 47% 59% 61%63%

81% 89% 84%20%

24% 39%

73% 72% 61%

72% 69% 69%

Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18

Occupancy Rate

PCS JPAC JPK

KEY CUSTOMERS

CERTIFICATE AND AWARDS

10

AUTOMATION COLD STORAGE IN MAHACHAI : ASRS (BUILDING No.8)

Warehouse No.8 Phase 1 Phase 2

Warehouse Area 4,300 Sq.m 1,320 Sq.m

Warehouse Capacity 11,170 locations 4,000 locations

CAPEX 360 MB. 104 MB.

Construction Progress 70% N/A

Start Operation Q3-2019 Q3-2020

11

3,588

21,646 20,982

25,839

Q1 (Feb-Mar) Q2 Q3 Q4

Number of Container

RAIL YARD MANAGEMENT AT LAEM CHABANG PORT

Start operation in Feb.2018

Lift on / Lift off containers to load on rail mode

Transport container from rail yard to terminal and depot

Handle container in Laem Chabang Rail Yard

CAR CARRIER

Mitsubishi Motor Thailand assign up country route (North and South)

CROSS BORDER

Cross-border transportation continuously grows

12

Mitsubishi Motor Thailand assign up country route (North 100%) more than current contract.

Increase volume for transport.

Extend contract to FY2022 Increase volume for export

(2,500 to 4,000 Unit per month)

Increase production capacity More special movement for

DJM activity

Onward BMW contract FY19-21

KEY CUSTOMERS

2018 full year vehicle sales in Thailand increased 19.2% year over year to 1,039,158 units.

1,988,823

871,644

1,139,696

2,167,694

1,039,158 1,140,640

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Production Domestic Sales Export (CBU)

Vehicle sales in Thailand

Y2017 Y2018

MARKET OUTLOOK

Source: FTI (Federation of Thai Industries)

By brand sales

Nissan +21.2%

Honda +0.4%

Isuzu +10.8%

Mitsubishi +21.3%

Chi Shan Long Feng Food (CSLF)

302.6

523.5575.8 594.2

58.8 89.7 92.4 59.7 5.5 20.3 18.4 11.6

0.0

100.0

200.0

300.0

400.0

500.0

600.0

Y2015 Y2016 Y2017 Y2018

Revenue Gross Profit Net Profit

13

71.6

137.1

191.1

5.2 13.6 22.8 0.3 2.1 8.7

0

50

100

150

200

250

Q2/18 (Conso) Q3/18 (Conso) Q4/18 (Conso)

Revenue Gross Profit Net Profit

MB

MB

CSLF PAST PERFORMANCE

CSLF PERFORMANCE CONSOLIDATE TO JWD

KEY CUSTOMERS

Global Foodservice Network

Vegetable Cutting

Liquid Egg

Value –Adding Facilities

Value –Adding Services

Multi-Country Consolidation

Service HUB

Brand Development

New Projects

COLD & DRY STORAGE

• Location : Jin Yong Chang Industrial Park

• Warehouse size : 4,428 sq.m.

• Warehouse Capacity : General 3,628 Sq.m. and cold

storage 800 Sq.m. • Temperature : multi-temperature warehouse from

+25 to –25 degrees, include blazer & share space

for central kitchen

Cold storage expansion in progress, area

of 1,000 Sq.m.

Start construction in March 2019

Expect to start operation in May 2019

14

INTEGRATED LOGISTICS MANAGEMENT

JWD acquire 14.6% stake in PPSP, developer of Cambodia’s largest industrial estate and

to have 40% stake in Bok Seng Co. (affiliated Co. of PPSP)

Integrated Logistics Management

• Container Depot Management

• Container Trucking Management

• Warehousing and Inventory Management

15

COLD & DRY STORAGE

Myanmar Laos

• Location : Hlaing Thar Yar Industrial Zone

• Warehouse size : 4,000 sq.m.

• Warehouse capacity :3,000 Pallets

• Temperature : multi-temperature warehouse from

+25 to –25 degrees, include blazer & share space

for central kitchen

• Location : Vientiane

• Warehouse size : 720 sq.m.

• Warehouse capacity : 461 sq.m.

• Temperature : multi-temperature warehouse from

+25 to –25 degrees, include blazer & share space

for central kitchen

16

COLD & DRY STORAGE

Myanmar Laos

Warehouse

• Location : Jakarta

• Warehouse size : 5,000 sqm

• Warehouse Capacity : 7,200 Pallets

• Temperature : multi-temperature warehouse from

+25 to –25 degrees, include blazer & share space

for central kitchen

Transportation

Equipped with several types of vehicles:

L-300 (1.000 kg capacity) :

• Colt Diesel Engkel (2,000 kg capacity).

• Colt Diesel Double (4,000 kg capacity).

• Tronton (10.000 kg capacity).

• Built Up (16.000 kg capacity).

17

19

Strategic execution plan to deliver the sustainable growth

JWD reshaping the future business pillars to sustain long-run growth

Warehouse & Yard

ManagementTransportation

Relocation &

FreightData Storage Food Other Business

General WH / Free

zone

Chemical / DG

Automotive

Food / Cold Chain

Asset

Management

IT

Self Storage

Existing Business Structure

General

Dangerous

Car Carrier

Reefer Truck

House hold

Office

Exhibition /

Machinery

Freight

Forwarding

Document

Storage

Document

Destroy

Document

Packing& Filling

Document

on cloud

Food Service

Temperature-

controlled

storage

equipment

20

New Business Structure

Strategic execution plan to deliver the sustainable growth

B2B Integrated

Logistics

B2C/C2C

Logistics

Logistics

Infrastructure

LOGISTICS FOOD INVESTMENT IT

General WH / Free zone

Chemical / DG

Automotive

Transportation

Food / Cold Chain

Freight Forwarding

Data Storage

Project Cargo

Relocation

Self Storage

E-commerce

Art Space

Terminal Operation

Port Operation

Overseas

Cambodia

Laos

Myanmar

Indonesia

Vietnam

Philippines

Singapore

Malaysia

Taiwan

Thailand

Philippines

Vietnam

Singapore

Cambodia

AIMIRT

Asset

Management

Investment

Fund

Existing

Future Plan

Logistics

Solution

R&D

Online

Platform

21

Myanmar

Thailand

Malaysia

Singapore

Indonesia

Taiwan

Philippines

Vietnam

Cambodia

Laos

REGIONAL EXPANSION

Warehouse and DC

E-Commerce

Logistics

Infrastructure

Investment

Food

IT

Existing

Future Plan

Project Cargo

22

CJ Distribution Center in Bangna K.M. 10

Area of 71,900 sq.m.

Handling 408,000 boxes per day

Start operation in May 2019

Operate with automated sorting device wheel sorter

Increase the number of delivery personal from 650

to 4,429POTENTIAL CUSTOMERS

Integrated Logistics Management

B2B B2C C2C

Sharing resource

Asset maximize & utilization

Sharing knowledge and technology

Aligning future investment or new market entry

Sustainable Growth

JWD CJL

A new JV firm in Thailand to provide logistics

solutions serving the booming e-commerce

segments.

23

Potential Projects

Construction of dams and infrastructure, including dual-track

and high-speed rail systems, airports, marine ports in Laos and other countries in region

Eastern Economic Corridor (EEC)-related facilities in Thailand

One stop service for project cargo logistics

Sharing Facilities and Equipments for

Project Cargo

Sharing network and customer base

Sharing knowledge and technology

Integrated project cargo service in Thailand

24

1 JWD Store it! Srikreetha

2 JWD Store it! Siam

5 JWD Store it! Phet Phra Ram

1 JWD Store it! Ramintra

2 JWD Store it! Vibhavadi

4 JWD Store it! Thiamruammit

3 JWD Store it! Bangkhae

Y2019-2020 Plan

Current Branches

Occupancy Rate

88 %

44 %

7 JWD Store it! Thonglor

6 JWD Store it! Sathon

8 JWD Store it! Phayathai

9 JWD Store it! Ratchada-Ladprao

25

JWD Art SpaceConcept : Total Art Spaces and Services

First fine art storage in Thailand

The biggest & most contemporary art spaces in Thailand and CLMV

Exhibiting international artists and Thailand’s top-rising artists

Providing integrated art services & logistics by professional team

Showcase & create trust as professional fine art handling specialist

Target Group

Art Collectors Museums Private Collection Universities Corporate Gallery Artists Government

JWD ART SPACE

Located in JWD Store it : Siam branch, 3RD Floor

CAPEX 20 MB.

Expected for a grand opening on July 2019

Total Area 1,300 Sq.m.

26

Transimex is one of the leading 3PL/4PL logistics service providers in Vietnam

The company provides customers with international standard logistics solutions, ranging from warehousing, distribution center, international freight forwarding, transportation, and more

COMPANY NAME : Transimex CorporationTICKER : TMS (HOSE)ESTABLISHMENT : 1983CHARTER CAPITAL : USD 15.3 mn (as of 31 Dec 2017)MARKET CAP : USD 56.3 mn (as of 20 Jul 2018)NO.OF EMPLOYEES : 983 (as of 31 Dec 2017)

BUSINESS LINE : ICD&DC Logistics &Transportation Freight Forwarding & Shipping Agency Real Estate Business

27

TRANSIMEX'S HIGHLIGHT

KEY CUSTOMER OF TRANSIMEX

400,000 Sq.mTotal area

34Year of operation

Representative offices

4 49,028Goods

SERVICES

International

Freight Forwarding

Warehouse and

Distribution Center

Inland

Trucking

Project Cargo Integrated

Logistics Service

28

Why Vietnam?

Vietnam is an important manufacturing base country with a high potential consumption level in future

Vietnam is a missing piece of logistics footprint in region

Food service plans to grow in Vietnam market

Logistics facility will efficiently support food service industry

Logistics can help managing cost and scope of service for value added service

Potentially expand in Chemical, DG and Auto logistics service in the future

Expanding international customers through working with key FFWs to participate the local or regional biddings

Aligning the food supply chain solution to work with GFS in growing the food service & distribution business in Vietnam, through supporting GFS’s key JV or investment projects

Approaching specific potentials with key customers’ network in Thailand and other countries

Establishing and supporting TMS to launch the document storage business in Vietnam through a market potential previously explored by TMS

KEY BUSINESS PLAN AND SYNERGIES

Source :mordorintelligence.com

Rental and Service Income* Trend and Gross Profit Margin

* Consolidated rental and service income in Financial Statement

Key Factors for gross profit margin increase

- Food service business (CSLF) has higher GP margin than Q3-18 from seasonal effect

- GP margin of transportation improved from replacement of high rental cost of Reach Stacker (RSK) for rail service with depreciation

expense in Q3-18

- Potential to increase occupancy rate of general warehouse without additional investment

29

Gross Profit MarginMM THB

573 578 642

631 655

30% 30% 30%33%

28% 27% 29% 30%33%

30% 30% 30% 31% 31% 32% 32%

7%10% 12% 12% 12% 13% 13% 14% 14%

15% 15%25% 26% 26% 28% 25% 25% 25% 26% 25% 25% 25%

0%

20%

40%

60%

80%

100%

120%

-

200

400

600

800

1,000

1,200

1,400

1,600

Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 (F) Q2/19 (F) Q3/19 (F) Q4/19 (F) Q1/20 (F) Q2/20 (F) Q3/20 (F) Q4/20 (F)

Logistics Businesses Food Service GP Margin-Logistics Businesses GP Margin-Food Service GP Margin-All Businesses

760

849

9451,033

1,0581,144

1,175

1,3091,352

1,4911,548

30

Total Revenues and Service Capabilities

MM THB

987,043Sq.m.

4,000Sq.m.

720Sq.m.

4,428Sq.m.

Service footprint 4Q-18

Totaling = 1,001,191 Sq.m.

Revenue and Growth

Warehouse Capacities

Yard Capacities

(Unit: sq.m.) 2016 2017 2018

General goods 131,106 129,306 129,306

Chemicals & Dangerous goods 10,032 10,032 10,032

Cold chain service 54,327 58,627 63,327

Record & Info Management 14,520 14,520 14,520

Other services 9,951 9,951 9,951

Total 219,936 222,436 227,136

(Unit: sq.m.) 2016 2017 2018

Chemicals & Dangerous goods 173,968 173,968 173,968

Automotive Yard 395,287 395,287 395,287

On-site Automotive Yard 273,542 204,800 204800

Total 842,797 774,055 774,055

Grand Total 1,062,733 996,491 1,001,191

2,348.7 2,219.4 2,423.3

3,208.0

-

1,000.0

2,000.0

3,000.0

Y15 Y16 Y17 Y18

31

5,000Sq.m.

Indonesia

856.8

649.6

751.4

848.2

210.9 221.8 247.8

36.5%

29.3%31.0%

26.4%

33.4%

26.1% 26.2%

0%

10%

20%

30%

40%

0

200

400

600

800

1,000

1,200

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Gross Profit Gross Profit Margin

Revenue & Gross Profit

Revenue from Rental & Services

Gross Profit and Gross Profit Margin

Re

ve

nu

eG

ross

Pro

fit

Gro

ss Pro

fit Margin

2,348.7 2,219.4 2,423.3

3,208.0

630.7 848.6

944.8

0

500

1,000

1,500

2,000

2,500

3,000

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

MM THB

58%

16%

10%

3% 12%

1%

Warehouse/Yard Management Transport & Distribution

Relocation & Freight Forwarding Records & Info. Management

Food Services Other Services

17%

27%

24%

32%

General Goods

Dangerous Goods

Cold chain

Automotive

Revenue breakdown

Revenue for Q4-2018 was THB 944.8 mm, increased 49.8% YoY ,the

increased revenue was mainly due to higher revenue from warehouse

and yard management business especially in cold storage,

transportation and distribution businesses and food services business

Gross profit for Q4-2018 was THB 247.8 mm, increased 17.5% YoY

MM THB

32

Dangerous Goods Yard Throughput

Revenue and Gross Profit by Business

157,272171,110 171,991

42,858 43,608 44,076

-

50,000

100,000

150,000

200,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Gro

ss Pro

fit Ma

rgin

438.8 428.0462.7

497.3

112.5 125.8 123.4184.2 161.1 182.0 207.4

43.8 48.1 53.8

42.0%37.6% 39.3%

41.7%38.9% 38.2%

43.6%

0%

10%

20%

30%

40%

50%

0

200

400

600

800

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Re

ve

nu

e &

Gro

ss P

rofi

t

Th

rou

gh

pu

t

MM THB

TEU*

*TEU = Twenty-Equivalent Unit

Area & Occupancy Rate Revenue & Gross Profit

131,106 129,306 129,306 131,106 129,306 129,306

74.0%68.6%

74.2% 73.0% 71.4% 73.0%

0%

20%

40%

60%

80%

100%

-

50,000

100,000

150,000

200,000

250,000

300,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Area Occupancy Rate

Sq.m.

Are

a

Occupancy R

ate

Gro

ss Pro

fit Ma

rgin

441.3

329.8 320.7 318.8

84.8 69.4 87.5

167.5

53.0 33.7 32.6 12.6 5.0 11.7

38.0%

16.1%

10.5%10.2%

14.9%7.2%

13.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

0

100

200

300

400

500

600

700

800

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Revenue &

Gro

ss P

rofi

t

MM THB

Warehouse & Yard Management: General Goods + Chemical Warehouses

Warehouse & Yard Management: Dangerous Goods Terminal

Revenue & Gross Profit

33

Revenue and Gross Profit by Business (Cont’d)G

ross P

rofit M

arg

in

312.4

382.3429.2 437.5

108.7 106.6 121.0103.6 120.0 147.2 143.5

37.9 37.6 38.9

33.2%31.4%

34.3%32.8%

34.9% 35.3%32.1%

0%

10%

20%

30%

40%

0.0

200.0

400.0

600.0

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Re

ve

nu

e &

Gro

ss P

rofi

t

395,287 395,287 395,287 395,287 395,287 395,287

273,542 204,800 204,800 204,800 204,800 204,800

85.5% 88.3% 85.0% 88.3% 85.0% 85.0%

0%

20%

40%

60%

80%

100%

-

200,000

400,000

600,000

800,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

On-Site Area

Yard Area

Sq.m.

Are

a

Occu

pa

ncy

Ra

te

MM THB

Sq.m.

Are

a

Occu

pa

ncy

Ra

te

Gro

ss Pro

fit Ma

rgin

447.1

372.7

449.5

604.0

123.4158.5 162.1

207.9

139.3 194.1

237.8

52.1 68.5 68.4

46.5%

37.4%

43.2%

39.4%

42.2% 43.2% 42.2%

0%

10%

20%

30%

40%

50%

0

200

400

600

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Re

ve

nu

e &

Gro

ss P

rofi

t

MM THB

Warehouse & Yard Management: Automotive

Area & Occupancy Rate Revenue & Gross Profit

Warehouse & Yard Management: Cold Storage

Area & Occupancy Rate Revenue & Gross Profit

34

54,327

57,127 60,227

57,127 63,327 63,327

51.9%

66.9%

84.1%

76.0%

85.3% 83.5%

0%

20%

40%

60%

80%

-

20,000

40,000

60,000

80,000

100,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Warehouse Area Occupancy Rate

Revenue and Gross Profit by Business (Cont’d)G

ross P

rofit M

arg

in

297.6330.0

379.6

497.2

89.4127.0 137.6

49.7 70.1 69.7 80.8

17.2 20.1 26.8

16.7%

21.2% 18.4%

16.3%

19.2%

15.8%

19.5%

0%

5%

10%

15%

20%

25%

0

100

200

300

400

500

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Re

ve

nu

e &

Gro

ss P

rofi

t

157,797 174,896

247,282

47,870 69,433 58,204

-

50,000

100,000

150,000

200,000

250,000

300,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

No. of Trips MM THB

5,449

6,056

5,188

1,429 1,438 1,321

-

2,000

4,000

6,000

8,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

No. of Jobs

Gro

ss Pro

fit Ma

rgin

288.3

255.8 267.5

323.2

79.5 88.8 87.188.4 74.3 74.1 78.0

23.7 22.7 19.8

30.7%

29.0%27.7%

24.1%

29.8%

25.6%22.8%

0%

10%

20%

30%

0

100

200

300

400

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Re

ve

nu

e &

Gro

ss P

rofi

t

MM THB

* including internal transportation services

Transportation & Distribution

No. of Trips * Revenue & Gross Profit

Relocation Service

No. of Jobs Revenue & Gross Profit

35

Gro

ss Pro

fit Ma

rgin

87.8 92.598.4

106.7

25.7 27.7 26.9

49.7 56.5 60.6

53.2

16.5 13.0 13.3

56.6%61.1% 61.6%

49.9%

64.2%

46.9%49.4%

0%

10%

20%

30%

40%

50%

60%

70%

0

50

100

150

Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Revenue Gross Profit Gross Profit Margin

Re

ve

nu

e &

Gro

ss P

rofi

t

782,013 833,528 871,761

859,617 876,600 875,114

-

200,000

400,000

600,000

800,000

1,000,000

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

No. of Cartons MM THB

Revenue and Gross Profit by Business (Cont’d)

Record & Info Management

No. of Cartons Revenue & Gross Profit

36

455.9 470.2

568.0

135.5 148.0 162.4

20.3% 20.3%17.7%

11.8%

17.4%16.6%

3.8%2.8% 2.6% 1.9% 2.7% 2.3%

0%

5%

10%

15%

20%

25%

0

200

400

600

800

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

SG&A SG&A to Total Revenue

Finance Cost to Total Revenue

Cost Structure

Net Core Profit* and Net Core Profit MarginSG&A Expenses & Finance Cost

SG&A Expenses & Net Profit

MM THB

SG

&A

Ex

pe

nse

s Ex

p. to

Sa

les

Direct Cost SG&A

Depreciation 10%

Employee 11%

Transport & Sub-Contract 27%

Utilities 6%

Rental 16%

Revenue sharing 5%

Repair & Maintenance 15%

Others 9%

Q4-2018 Net core profit* 91.7 Million, higher than theprevious year by Baht 33.6 Million, or 57.8%, net profit marginimprove to 9.4%,

* Net profit attributable to owners of the Company

Ne

t Pro

fit Ma

rgin

Ne

t P

rofi

t

MM THB

Employee expense 62%

Depreciation 4%

Selling expense 2%

Travelling 3%

Consult 5%

Insurance 1%

Others 21%37

-8.9

204.4 238.458.1 70.1

91.7

121.7

407.7

13.7

5.4%

8.3%

7.4%

8.9%8.2%

9.4%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

-50

50

150

250

350

450

550

650

Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18

Net Core Profit Net Profit Net Core Profit Margin

612.1

252.1

1,085.2 1,550.5

1,735.2

1,922.0

858.9

894.0

1,853.2

1,991.0

3,099.7 3,167.5

255.0 333.6

894.4 1,252.7

1,283.4

1,603.7

5,532.5 5,532.5

Unit : MM THB

As at Dec 31, 2017

Current Assets

PPE

Current Liabilities

Long-Term Loans

Shareholder's Equity

As at Dec 31, 2018

6,357.5 6,357.5

Other Non-Current Liabilities

Investment Properties

Other Non-Current Assets0.8x 0.5x 0.7x

1.0x

0.8x 1.0x

5.7x

2.0x

4.3x

0.0x

1.0x

2.0x

3.0x

4.0x

5.0x

6.0x

Y2016 Y2017 Y2018

Interest Bearing Debt/Equity Debt/Equity Debt/EBITDA

Time (x)

(Unit : MM THB)12-month Period Three-month Period

2017 2018 Q3/18 Q4/18

Cash and Cash Equivalents at 1 Jan and 1 Oct 259.8 1,218.8 441.2 579.0

Operating Activities 528.1 497.3 248.2 173.1

Investing Activities 1,105.2 (1,342.3) (237.1) (137.8)

Financing Activities (674.4) 83.9 123.6 (161.8)

Impact of foreign exchange rates - 1.3 2.5 5.7

Net Increase / (Decrease) 958.9 (762.4) 137.2 (120.8)

Cash included disposal assets group classified as held for sales - (2.6) 0.7 (1.08)

Cash and Cash Equivalents at 31 Dec 17, 30 Sep 18 and 31 Dec 18 1,218.8 456.4 579.0 456.438

Statement of Financial Position Key Financial Ratios

Cash Flows

Financial Position

39

JWD received a Thailand Sustainability Investment (or THSI) Award, for JWD’s presence in the 2018 list of THSI stocks (effective next year),

which contains the stocks that meet SET’environmental, social and governance (or ESG) standards and thus present investment choices that

can produce long-term returns sustainably.

STRONG ASEANNETWORK & FOOTPRINT

LOCATED IN

LCB PORT, AIRPORT, DISTRIBUTION HUB, KEY CITIES

KEY STRATEGIC LOCATIONS

40 YEARSIN SPECIALIZED LOGISTICS

LEADER IN ITTO IMPROVE

SUPPLY CHAIN

EFFICIENCY

OPERATION

EXCELLENCE

& WORLD CLASS STANDARD

41

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Disclaimer

42

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