AIRA Capital Group Overview

November 16, 2021

AIRA Capital Public Company Limited

SET Opportunity Day

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AIRA CAPITAL Group Structure

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AC – Group Structure

AIRA Capital Public Company Limited (“AIRA”) has been incorporated as a holding company

with investments in the financial and property business.

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AIRA Capital Public Company Limited (AIRA)

Subsidiaries Associated Companies

Factoring (AF)

Leasing Asset Management

International Advisory

(Singapore)

Securities Property Venture Capital

AIRA&AIFULTravelex(Thailand)

71.55% 71.85% 99.99% 96.67% 99.99% 99.99%60.00% 30.00% 38.00%

99.99% 90.00%60.00%

Advisory AspirationTwo

AspirationOne

AC – International Partnerships

Subsidiary Partner since International Partner Country

AIRA & AIFUL 2014 Japan

AIRA Property 2015

Japan

South Korea

Travelex (Thailand) 2016 UK

AIRA Leasing 2020 Japan

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Our international partners provide expertise, experience and technology that are critical to the success of each business. AIRA Capital provides market access and a deep understanding of local markets and business nuances.

AC Group Financial Performance

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Financial PerformanceBased on Consolidated Financial Statement

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Revenue (THB million)

Operating Expense to Revenue (%)

89.85%

79.37%

74%76%78%80%82%84%86%88%90%92%

9M 2020 9M 2021

253 233 233

714

300 291 318

874

0

200

400

600

800

1000

Q1 Q2 Q3 9M

2020 2021

Financial PerformanceBased on Consolidated Financial Statement

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Assets (THB million)

5,475 6,202

3,7193,605

0

2,000

4,000

6,000

8,000

10,000

12,000

2020 9M 2021

Current Non current

Liabilities & Equity (THB million)

3,511 4,341

1,167951

4,5154,515

0

2,000

4,000

6,000

8,000

10,000

12,000

2020 9M 2021

Current Non current Equity

AIRA Group – Future Highlights

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Our Way Forward

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Finance

Technology

Leveraging on Technology as New Engines

of Growth

Property

FINANCIAL SERVICES – Future Highlights

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AIRA SECURITIES

Digital Asset Brokerage Tokenized products

AIRA FACTORING

Big data

AIRA PROPERTY Cloud based building and customer

management system Tokenized REIT

AIRA & AIFUL IPO in 2022

AIRA VENTURE CAPITAL

Invest in fintech companies In discussions with a blockchain

enabler

AIRALEASING

Cloud based system

PROPERTY – Future Highlights

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To acquire completed office buildings with recurring income. Currently AIRA Property is conducting due diligence on 2 assets.

Establish AIRA REIT to acquire Spring Tower and 2 other assets.

To list AIRA REIT (Token REIT)

AIRA OFFICE BUILDING REIT summary: Fund size = THB 10 billion (approx.) No of properties = 3 – 4 office buildings Expected listing = 2023

To develop Built-to-Suit SMART warehouses in partnership with logistics companies at strategic locations.

The partner logistics company will then enter into a long-term lease agreement with the owner. Hence generating recurring income.

Establish a warehouse REIT to acquire assets and undertake IPO or ICO (Expected in 2024)

OFFICE BUILDING STRATEGY

WAREHOUSE BUILDING STRATEGY

Token

Ownership Transfer Automated by Smart Contracts

Investment

PROPERTY – Future Highlights

TOKEN REIT and REAL ESTATE TOKENIZATION

Key Benefits:• Digitization benefits – lower costs, simple, high liquidity• Fractionalization – lower minimum investment to broaden

investor base • Globalization - International investors who can trade 24

hours• Better transparency and security by using blockchain

technology

Tokenization Platform

Investor

AIRA REIT Digital ROM on Blockchain

Property Manager

Valuer

Auditor

Property

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AIRA Group Subsidiaries Highlights

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AIRA Securities (AS)

Diverse products offering including domestic and foreign equity, derivative, debt instrument, mutual funds and digital assets.

More customer acquisition through AIRA Trading platform and active seminar arrangements on investment opportunities.

Interest income and yield enhancement at acceptable risk level. Fee based income expansion on wealth advisory and investment banking Increased participation on digital assets through exchange or ETF

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Key Business Drivers

AIRA Factoring (AF)

Launch new products under factoring and contingent credit Digital transformation to drive revenues and improve credit risk management New customer acquisition strategy using big data ESG Award Emerging 2021 by Thai Pat. 15

Key Business Drivers

E-Factoring

AIRA Leasing (AIL)

NEC Group to help expand customer base Focus on higher yield segments Prudent risk management to keep NPLs below 0.55% Provide benefits to all stakeholders Preparing to be listed in 2023.

Key Business Drivers

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LEASING

OPERATING LEASEPROJECT FINANCE

HIRE PURCHASE

WELFARE LOAN FOR PARTNER’S STAFF

AIRA Asset Management (AIAM)

LBDU license in process and expected in Q4 2021 Fully operational in 2022 In negotiations with a foreign strategic partner who wants to acquire an equity stake

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Key Business Drivers

Business Model

Private Fund (Private Banking)

Private Wealth (Wealth Advisory)

Thai Equities and Fixed Income Structured Products

Offshore alternative investment unitsOffshore Equities and Fixed IncomeFund of Funds

Direct selling of financial products Wealth advisory services in setting

up model portfolio investment for clients of different risk profile.

Debenture and B/E

Strategic Goal

AIRA Property (AIP)

Start commercial operation in Jan-2020 27-Floor Grade A office building in prime CBD

location Gold-level LEED compliant Awards:

1. “Asia Pacific Property Award 2018” for Office Architecture Thailand

2. “BSA Building Safety Award 2021” (Gold Level)3. “Certificate of Appreciation” by Thai Generator

Association

To establish AIP Office Building REIT by 202318

Spring Tower at Ratchathewi Intersection under ASPIRATION ONE CO., LTD.

Occupancy Rate (%)

JV with Sena Development PCL and Sang-Fah Construction and Engineering Co., Ltd.

48% 50%70%

92%

4Q20 2Q21 2Q22E 4Q22E

Joint Venture Overview

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Loan Portfolio (THB million)

AIRA and AIFUL (A&A)

A rapidly growing personal loan and nano finance provider.

Customer accounts = 350,000+ Loan portfolio = THB 7,259 million Digital lending with e-KYC. Multi-channel – mobile app, A-money ATM, Counter

Service, Lotus’s, Big C, 7 local banks Planned IPO in 2022

Investment Highlights

6,385 6,351

7,259

2019 2020 9M 2021

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Travelex (Thailand)

Location: Sukhumvit 13, Bangkok

Currency Exchange Business:1. Wholesale (Cash Exchange Center)2. Retail Store

COVID-19 pandemic: Retail revenues impacted due to travel restriction across the world. Current main income from Wholesale business which sells banknotes to Travelex global network.

New Stores: Plans to open 2-3 retails stores in Bangkok in 2022 when tourist arrivals reach optimal levels.

Market Size: Thai non-bank Currency exchange market is over THB 80 billion (normal situation).

Travelex Group Global Presence: 26 countries 110 Airports 600 branches

Investment Highlights

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Q & A

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DISCLAIMER

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