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

Investment 2018 (THSI)

OPPORTUNITY DAY

2Q2019

OUR TRANFORMATION & GROWTH STRATEGY FOR FUTURE

AGENDA

01

02

03

04

COMPANY OVERVIEW

2Q19 HIGHLIGHT

PROJECTS UPDATE

FINANCIAL PERFORMANCE

3

01 COMPANY OVERVIEW

4

5

02 2Q19 HIGHLIGHT

6

2Q19 HIGHLIGHT

Cross-border transportation increased from the highest level from the automation shipment

Dangerous goods throughputs increased in highest level, revenue growth 15.7% YoY

Cold storage Building No.8 (Automate System) in Mahachai started operate, occupancy rate reach to 40% (As at July 2019)

New project ,renovate general warehouse in Bangna 6,000 sq.m. to cold storage

General warehouse revenue growth 15.7% YoY

Occupancy rate increased 15.9% YoY

JCS* occupancy rate increased in high level

Dangerous Goods

General Goods

Cold Chain

Transportation

Overseas

High level of occupancy rate in cold storage Cambodia , expanding more 1,000 S.qm (expect to start operate in Sep 2019)

Bokseng dry port revenue was building up

PPSEZ phase 4 and Poipet SEZ on process to develop for sale the land

*JCS = JWD Chemical and Supply Chain

7

44,515

TEU*

*TEU = Twenty-Equivalent Unit

Dangerous Goods Throughput

42,233

43,608

42,073

44,076

44,199

Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19

JWD achieved a higher growth rate than that expected for the first half of 2019, the record

performance of the business of storage and handling of dangerous goods is due to ;

the increasing quantity of dangerous goods through Laem Chabang Port.

improved production lines of refinery and petroleum business operators, resulting in

longer leases of storage space for dangerous goods, which are used as their raw materials.

an increase in average storage period of dangerous goods manufactured for export, from

an average of three days to an average of seven to ten days.

8

The general warehouse business clearly recovered since the end of last year due to LCL

warehouse services and clients returning to rent additional space. Also, the chemical

warehouse (JCS) occupancy rate was building up to the high level

9

51.1%

73.2%82.0%

77.7% 78.6%

Y16 Y17 Y18 1Q19 2Q19

OCCUPANCY RATE

CHACHOENGSAO

(SUWINTHAWONG)

OR : 58.5%

* Average rate by quarter

SUMUTSAKHON

(MAHA CHAI)

OR : 93.3%

SAMUTPRAKAN

(BANGNA-TRAD K.M.19)

OR: 52.4%

RAW MATERIAL PRICE TREND

MONTHLY FROZEN (WHOLE) SKIPJACK TUNA RAW MATERIAL PRICES

Source: Thai Union

US$ / Metric Ton

-

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

Jul-

16

Au

g-16

Sep

-16

Oct

-16

No

v-16

Dec

-16

Jan

-17

Feb

-17

Mar

-17

Ap

r-17

May

-17

Jun

-17

Jul-

17

Au

g-17

Sep

-17

Oct

-17

No

v-17

Dec

-17

Jan

-18

Feb

-18

Mar

-18

Ap

r-18

May

-18

Jun

-18

Jul-

18

Au

g-18

Sep

-18

Oct

-18

No

v-18

Dec

-18

Jan

-19

Feb

-19

Mar

-19

Ap

r-19

May

-19

Jun

-19

Fruits & Dairy13%

Other5%

Poulty11%

Seafood71%

PRODUCT PROPORTION

10

New Project in Bangna

Warehouse Size : 6,000 Sq.m.

Warehouse Capacity : 15,000 Pallets

Temperature : 20-25 C

CAPEX : 85 million

Expected to operate in Nov.2019

Renovate General Warehouse to Cold Storage

Occupancy rate reach to 40% (As at Jul.19)

50% labor cost reduction

30% electricity cost saving

Improve efficiency

Thailand's biggest public ASRS cold storage in Mahachai,

Samut Sakhon with 15,000 pallets capacity now open!

11

Number of Containers (Rail yard management)Number of Trips of Cross Border Transportation

Car Carrier

The number of trip still maintain the same level of

the previous quarter

Cross Border

The volume of the automation shipment increased

more than 30%

Rail Yard Management

The number of trip decreased from the low season

of agriculture goods

25,234

32,361

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

YTD18 YTD19For Q2/2019 the total* of all transportation trips was 48,228 trips

*DG, General goods, Coldchain, Car carrier and Cross border

93

419

261 223352

937

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8 Q 1 - 1 9 Q 2 - 1 9

OVERSEAS MILESTONE

2016 2016 20172016

Expanding the

scope of logistics

into ASEAN market

(Laos and Myanmar)

Expanding the

scope of logistics

into ASEAN market

(Cambodia)

Investment in

Bok Seng PPSEZ

Dry Port Co., Ltd.

In Cambodia

Investment and

shareholding in other

companies engaged in

cold storages in

Indonesia

12

2019

Investment and

conduct of

business of

logistics in Vietnam

2018

Acquires Stake in PPSP,

Developer of Cambodia's

Largest Industrial Estate,

to Join 'Logistics Centre'

Investment Project

2018

20182016

20172016

2016 2019

JV with CJ to provide

logistics solutions to

customers in B2C- B2B

13

Q2-2019 Revenue of overseas was Baht 149.2 Million, higher than the previous by Baht 24.8 Million or 19.9% , gross profit

was 25.5%.

28.9

120.5

289.9

273.6

27.1

124.4

149.2

3.224.1

70.3 69.3

6.3

31.338.0

11.1%

20.0%

24.3%

25.3%23.1%

25.1%25.5%

0%

5%

10%

15%

20%

25%

30%

0

50

100

150

200

250

300

350

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revnue Gross Profit Gross Profit Margin

MM THB

Revenue and Gross Profit

14

DRY PORT FACILITY

Occupies 10.5 Ha. of warehouse and

open container storage

Provides comprehensive logistics

solutions

Facilitate import / export transactions

for investors

15

Burger King Project

Started operate since May 2018

Expand services from 30 to 60 branches

(As at Aug.19)

16

CJ Logistics has 262 networks

in 33 different countries,

providing contract logistics

solutions, express/parcel and

forwarding business

CJL founded in 1930, has

dominated Korean logistics

market over the past decades

and now is aiming to become

one of the global top5

logistics companies by 2020

17

03 PROJECTS UPDATE

18

JWD BUSINESS STRUCTURE

Cold chain and Dry warehouse in Laos, Cambodia and Myanmar

Acquire 14.6% of the shares of common stocks in PPSP for

asset utilization in future business expansion and to own 40%

stake in Bok Seng Co.

Joint venture with Samudera Group undertaking Integrated

Logistics Services in Indonesia; also invested in 67% equity

stake in Adib Cold Logistics (ACL)

REGIONAL EXPANSION

ALONG WITHSTRONG PARTNERS

JWD acquire 23.94% stake in TRANSIMEX CORPORATION, the

3rd largest integrated logistics service provider in Vietnam.

Joint Venture with CJ Logistics to provide logistics solutions serving

the booming e-commerce segments

GFS has 60% equity stake in CSLF, a Taiwan-based food service firm that owns

frozen ready-to-eat food brands as well as imports and sells food products

bearing international brands

Joint Venture with Bokseng Singapore to integrated in project

cargo business

Joint Venture with Store it to provide a self storage

business

Vietnam

20

The first JWD Regional Commercial Conference 2019 in BKK

“ Make every logistics tasks easier through the power of collaboration ”

21

Major Feature

Parcel Specialized

Automatic facility

By knowhow of Korea

One stop Fulfilment

Fulfillment Service

in Sorting Center

Best Location

Easy to access

Highway

BangnaMega Hub is fully automated warehouse with state of the art

logistics technologies from Korea with capacity up to 408,000 parcels per

day to support strong e-commerce growthMr. Hong Sung Yong, Executive of

Overseas Head Division from CJ

Logistics Corporations visited JWD

HQ to update business progress of

the JV firm 'CJ JWD' with JWD CEO

B2CLOGISTICS SOLUTIONS TO SERVE

E-COMMERCE SEGMENTS

22

B2B

JWD Bok Seng started business

operation on Mar 2019

Consist of 2 business operation

Project Cargo

Heavy Machine

KEY CUSTOMERS

ONE STOP MEGA PROJECT CARGO LOGISTICS

OVERSEAS

: VIETNAM

22

TRANSIMEX CORPORATION

817.0

2,829.1

3,083.8

1,577.5

204.5330.9 310.3

180.5228.5 280.6 311.9137.3

25.0%

11.7%10.1% 11.4%

0%

5%

10%

15%

20%

25%

30%

0

500

1000

1500

2000

2500

3000

3500

Y2016 Y2017 Y2018 YTD19

Revenue Gross Profit Net Profit Gross Profit Margin

Performance TMS

MM THB

*Exchange Rate As at Aug 15,2019

INVESTMENT

: CAMBODIA

24

First tenant : Sumitronics Manufacturing (Cambodia) Co., Ltd

started operation in May 2019.

POIPET PPSEZ PROJECT

Total area of 68.4 Ha.

Located 6 Km. of the Poipet city center, with access to

one of key border crossing points with Thailand in the

northwest of Cambodia

Strategically located with access to National Road No.5

(a designated part of the Asian Highway 1)

PPSEZ PROJECT (PPSP II)

Total area of 115 Ha.

Now buying in process, paid 75% still pending 25%

remaining balance approximately US$6.5 million to

be payable to landowners by PPSEZ within this year

25

Global Foodservice Network

Projection of Vegetable Cutting Project

268.1294.9

324.4350.3 378.4

69.5 76.5 84.1 90.8 98.1

0.0

100.0

200.0

300.0

400.0

Y2020 Y2021 Y2022 Y2023 Y2024

Revenue Gross Profit

Vegetable Cutting Project

MM TWD

Fresh Baking Project

Projects Update

Vegetable Cutting Project

On process of constructing the facilities,

expect to operate on Jan 2020

Fresh Baking Project

Expand services from 17 to 66 branches and

70 branches more by September 2019

26

1 JWD Store it! Srikreetha

2 JWD Store it! Siam

Current Branches

Occupancy Rate

99 %

68 %

JWD Store it! Ramintra

JWD Store it! Thiamruammit

3

4

Y2019 Plan

* As at July 2019

Under Construction

Under Construction

27

Area & Occupancy Rate

Revenue

794 794 794 794 794 794

965 965 965 965

85.0%

65.0%

43.0%

56.0%

65.0%

75.0%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200

400

600

800

1000

1200

1400

1600

1800

2000

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19

Area at Srikreetha Area at Siam Occupancy Rate

0.90 0.89 1.16 1.19 1.23 1.21

0.001

0.13

1.19

1.551.90

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19

Srikreetha Siam

MM THB

SQ.M

AREA Safe Space 100 Sq.m.

CAPEX : 6 MB.

PHASE 1 : Safe 20 Modules : 520 Slots

OPEN : Expect to start operation end of August 2019

28

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

CAPEX 20 MB.

Construction 90%

Expected for a grand opening on Oct. 2019

Total Area 1,300 Sq.m.

Art Services

Pack & Move

Art installation

Art maintenance

Art record &

database for

collectors

Art exhibition

Work shop & Artist talk

Artist & Collector meeting

Art Consulting Services

Exhibition

Contest

Logistics solutions

29

04 FINANCIAL PERFORMANCE

30

649.5 751.4

848.2

479.1

192.6 246.6 232.5

29.3%31.0%

26.4%

28.0%25.3% 28.1% 28.0%

0%

10%

20%

30%

40%

0

200

400

600

800

1,000

1,200

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Gross Profit Gross Profit Margin

Revenue from Rental & Services

Gross Profit and Gross Profit Margin

MM THB

Revenue breakdown

Revenue for Q2-2019 was THB 830.3 mm, increased 9.2 YoY ,the

increased revenue was mainly due to higher revenue from warehouse

and yard management business, transportation and distribution

business and food service business.

For Q2-2019 gross margin was 28.0%.

60%

14%

8%

3%

14%

1%

Warehouse/Yard Management Transport & Distribution

Relocation & Freight Forwarding Records & Info. Management

Food Services Other Services

Automotive

Cold chain

General Goods

18%

29%

23%

30%

Dangerous Goods

MM THB

2,219.4 2,423.3 3,208.0 1,708.9 760.1 878.5 830.3

25.848.5

75.9

57.4

20.7 18.3 39.1

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

3,500.0

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Interest income,Dividend income and Other income

Revenue from rental and rendering of services

780.8896.8

1,766.2869.4

2,471.82,245.2

3,283.9

31

Dangerous Goods Yard Throughput

171,110 171,991

88,71442,233 44,199 44,515

-

50,000

100,000

150,000

200,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

428.0 462.7497.3

284.9

125.6 139.4 145.4161.1 182.0 207.4 130.4

52.9 65.4 65.1

37.6% 39.3% 41.7%45.8%

42.1%46.9% 44.7%

0%

10%

20%

30%

40%

50%

60%

0

200

400

600

800

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

MM THBTEU*

*TEU = Twenty-Equivalent Unit

Area & Occupancy Rate Revenue & Gross Profit

129,306 129,306

122,727

129,306 122,727 122,727

68.6%74.2%

84.1%

68.6%

83.7% 84.5%

0%

20%

40%

60%

80%

100%

-

50,000

100,000

150,000

200,000

250,000

300,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Area Occupancy Rate

Sq.m.

329.8 320.7 318.8

169.6

75.1 82.7 86.9 53.0 33.7 32.6 38.2

2.4 17.3 20.9

16.1%

10.5%10.2%

22.5%

3.2%

20.9%24.1%

0%

5%

10%

15%

20%

25%

30%

35%

40%

-

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

MM THB

Warehouse & Yard Management: General Goods + Chemical Warehouses

Warehouse & Yard Management: Dangerous Goods Terminal

Revenue & Gross Profit

32

382.3429.2 437.5

230.0

104.3 115.7 114.3120.0 147.2 143.5

76.6 32.9 37.9 38.7

31.4%34.3% 32.8% 33.3% 31.5% 32.8% 33.8%

0%

10%

20%

30%

40%

0.0

200.0

400.0

600.0

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

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

204,800 204,800 204,800 204,800 204,800 204,800

88.3% 85.0% 89.1% 85.0% 87.9% 90.3%

0%

20%

40%

60%

80%

100%

-

200,000

400,000

600,000

800,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

On-Site Area

Yard Area

Sq.m. MM THB

57,127 60,227 63,327 57,127 63,327 63,327

66.9%

84.1%78.2%

87.8%77.7% 78.6%

0%

20%

40%

60%

80%

100%

-

20,000

40,000

60,000

80,000

100,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Warehouse Area Occupancy Rate

Sq.m.

372.7449.5

604.0

304.1

151.3 156.1 148.0139.3 194.1

237.8

122.8 60.7 63.3 59.5

37.4%43.2%

39.4%

40.4% 40.1%40.6%

40.2%

0%

20%

40%

60%

0

200

400

600

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

MM THB

Warehouse & Yard Management: Automotive

Area & Occupancy Rate Revenue & Gross Profit

Warehouse & Yard Management: Cold Storage

Area & Occupancy Rate Revenue & Gross Profit

33

330.0379.6

497.2

249.2

122.1 129.2 120.170.1 69.7 80.8

40.6 15.7 23.1 17.6

21.2%

18.4%16.3% 16.3%

12.9%

17.8%

14.6%

0%

5%

10%

15%

20%

25%

0.0

100.0

200.0

300.0

400.0

500.0

600.0

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

174,896

261,187

127,966

69,859 62,598 65,368

-

50,000

100,000

150,000

200,000

250,000

300,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

No. of Trips MM THB

6,056 5,188

2,264

1,269 922 1,342

-

2,000

4,000

6,000

8,000

10,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

No. of Jobs

255.8 267.5

323.2

128.2

80.5 66.2 62.074.3 74.1 78.0

34.3 19.6 16.4 17.9

29.0%

27.7%

24.1%

26.8%24.3% 24.8%

28.9%

0%

10%

20%

30%

0

100

200

300

400

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

MM THB

* including internal transportation services

Transportation & Distribution

No. of Trips * Revenue & Gross Profit

Relocation Service

No. of Jobs Revenue & Gross Profit

34

92.5 98.4106.7

55.2

25.3 27.8 27.3

56.5 60.6 53.2

25.1 12.5 12.8 12.3

61.1% 61.6%

49.9%

45.5%

49.4%46.0% 45.0%

0%

10%

20%

30%

40%

50%

60%

70%

0

50

100

150

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Revenue Gross Profit Gross Profit Margin

833,528 871,761 905,265 867,967

890,203 920,327

-

200,000

400,000

600,000

800,000

1,000,000

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

No. of Cartons

MM THB

Record & Info Management

No. of Cartons Revenue & Gross Profit

Food Service

MM THBMM THB

CSLF Past Performance Revenue and Gross Profit

302.6

523.5575.8 594.2

267.4

58.8 89.7 92.4

59.7 24.7 5.5 20.3 18.4 11.6 2.1

19.4%17.1% 16.0%

10.0%9.0%

0%

5%

10%

15%

20%

25%

0

100

200

300

400

500

600

Y2015 Y2016 Y2017 Y2018 YTD19Revenue Gross Profit Net Profit Gross Profit Margin

71.6

137.1

191.1

151.9

115.6

5.2 13.6 22.8 16.3 8.40.3 2.1 8.7 3.5-1.4

7.2%

9.9%

11.8%10.7%

7.0%

0%

2%

4%

6%

8%

10%

12%

14%

-50

0

50

100

150

200

250

Q2/18(Conso)

Q3/18(Conso)

Q4/18(Conso)

Q1/19(Conso)

Q2/19(Conso)

Revenue Gross Profit Net Profit Gross Profit Margin

Depreciation 11%

Employee 12%

Transport & Sub-Contract 20%

Utilities 6%Rental 12%

Revenue sharing 7%

Repair & Maintenance 23%

Others 8%

-8.9

204.4 238.4 169.048.7 89.2 79.8

121.7

407.7

13.7 5.4% 8.3% 7.4%9.6% 6.2%

9.9% 9.2%

-20%

-10%

0%

10%

20%

30%

40%

-200

-100

0

100

200

300

400

500

600

700

Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

Net Core Profit Net Profit Net Core Profit Margin

612.1

252.1466.0 568.0

353.7

134.4 172.6 181.1

19.2%17.7%

20.0%

17.2%19.2%

20.8%

3.6%2.6%

2.9%

2.5% 2.9% 3.0%0%

5%

10%

15%

20%

25%

0

200

400

600

800

Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19

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

Direct Cost SG&A

Q2-2019 Net core profit* 79.8 Million, higher than theprevious by, Baht 31.1 Million or 63.9% and net profit margin

of 9.2%.

* Net profit attributable to owners of the Company

MM THB

Employee expense62%

Depreciation 4%Selling expense

2%

Travelling 3%

Consult 10%

Insurance 1%

Others 18%35

Financial Position

1,550.5 2,210.7

1,922.0

2,124.0

894.0

890.9 1,991.0

3,167.5 3,095.4

333.6 350.4

1,252.7 1,244.4

1,603.7 2,222.0

Unit : MM THB

As at Dec 31, 2018

Current Assets

PPE

Current Liabilities

Long-Term Loans

Shareholder's Equity

As at June 30, 2019

6,912.2 6,912.2

1,686.6

Other Non-Current Liabilities

Investment Properties

Other Non-Current Assets

0.5x0.7x 0.5x

0.8x1.0x 1.2x

2.0x

4.3x4.6x

0.0x

1.0x

2.0x

3.0x

4.0x

5.0x

Y2017 Y2018 Q2/19

Interest Bearing Debt/Equity Debt/Equity Debt/EBITDA

36

Statement of Financial Position Key Financial Ratios

Cash Flows

6,357.5 6,357.5

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

2018 2019 Q1/19 Q2/19

Cash and Cash Equivalents at 1 January 1,218.8 456.4 456.4 423.4

Operating Activities 76.1 316.6 171.5 145.1

Investing Activities (967.4) (707.2) (617.9) (89.3)

Financing Activities 122.1 356.7 407.9 (51.2)

Increase / (Decrease) in Cash and Cash Equivalents (769.2) (33.9) (38.5) 4.6

Impact of foreign exchange rates (6.9) 9.9 2.9 7.0

Net Increase / (Decrease) in Cash and Cash Equivalents (776.1) (24.0) (35.6) 11.6

Cash included disposal assets group classified as held for sales (1.5) 2.6 2.6 -

Cash and Cash Equivalents at 30 June 441.2 435.0 423.4 435.0

Q&A

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

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information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material

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