Slide 1: Opportunity Day
Opportunity Day Dexon Technology PCL 2024Q4 & Year End 2024 March 14, 2025
Slide 2: Disclaimer
Disclaimer This presentation is provided for informational purposes only and is intended solely for the designated recipients. If you are not the intended recipient, you must not read, copy, disclose, distribute, or rely on any of the contents. This material contains forward-looking statements that
Slide 3: Agenda
Agenda 1 Company Overview 2 Financial Summary 3 Operational Highlights 4 Business Plan for FY2025 5 Awards & ESG Initiatives
Slide 4: Dexon Overview
Dexon Overview FABRICATION CONVENTIONAL NDT ADVANCED NDT IN-LINE INSPECTION R&D AND ENGINEERING TRAINING SOLUTION AND MAINTENANCE Phase I Phase II Phase III Establishing and Advancing Ultrasonic Inline Expanding Global Reach with Cutting-Edge Growing NDT Business Inspection with Dexon innovation Tec
Slide 5: Key Products for Pipeline In-Line Inspection
Key Products for Pipeline In-Line Inspection Geometry Inspection Metal Loss Inspection Caliper Ultrasonic Testing (UT) Well Casing (UT-Well Casing) Rotation (UT-R) Metal Loss Inspection Multichannel Metal Loss and Crack Inspection (UT-MC) Magnetic Flug Leakage (MFL) Crack Detection and Sizing (UT-CD
Slide 6: 28 Years of Success: Sustained Growth Through Challenges
28 Years of Success: Sustained Growth Through Challenges Revenue consistently grew for 25 consecutive years, excluding periods during the oil crisis and COVID-19 pandemic. Unit: MB 800 757 700 648 610 600 577 498 500 438 442 445 435 404 417 400 300 284 218 200 178 113 100 72 73 45 54 16 16 16 19 30
Slide 7: Group Business Structure
Group Business Structure DEXON provides inspection, pipeline integrity, and advanced NDT services with a dedicated team in tool development and testing. Dexon Technology PCL (DEXON) Dexon Technology Dexon Technology Dexon Training Dexon Mechanical Dexon Technology Dexon Technology Europe B.V. PTE (D
Slide 8: Agenda
Agenda 1 Company Overview 2 Financial Summary 3 Operational Highlights 4 Business Plan for FY2025 5 Awards & ESG Initiatives
Slide 9: 2024 Key Financial Highlights
2024 Key Financial Highlights Revenue (YoY) Gross Profit (YoY) Net Profit (YoY) EBITDA (YoY) +17.2% YoY 754 34.3% 35.4% 644 26.8% 27.1% +20.8% YoY 7.8% 7.6% 267 +18.4% YoY 221 204 +13.1% YoY 172 50 57 2023 2024 2023 2024 2023 2024 2023 2024 9
Slide 10: 2024 Revenue Distribution by Business Segment
2024 Revenue Distribution by Business Segment Revenue by Service Group Revenue by Service Type (YoY) In-Line Inspection NDT R&D Other 2023 2024 754 66 335 644 87 298 56 43 266 245 266 298 87 335 245 43 36 33 14 20 9 10 2023 2024 Intelligent In- NDT R&D Training Asset Intregrity Engineering, Line Ins
Slide 11: 2024 Revenue Distribution by Service Territory
2024 Revenue Distribution by Service Territory Revenue by Local/Oversea Revenue by Region Middle East 2% North America Europe 9% 4% Oversea, 47% Latin America Local , 53% 13% Thailand 53% Asia 19% 11
Slide 12: 2024Q4 Key Financial Highlights
2024Q4 Key Financial Highlights Revenue (YoY) Gross Profit (YoY) Net Profit (YoY) -8.6% YoY 256 50.3% 46.7% 234 -15.5% YoY 34.5% 21.2% 129 109 -43.2% YoY 88 50 2023Q4 2024Q4 2023Q4 2024Q4 2023Q4 2024Q4 12
Slide 13: 2024Q4 Key Financial Highlights
2024Q4 Key Financial Highlights 2022 2023 2024 300 250 257 235 217 200 193 185 150 156 145 142 133 126 117 100 104 50 - QUARTER 1 QUARTER 2 QUARTER 3 QUARTER 4 13
Slide 14: Financial Position
Financial Position Assets Liabilities and Equities +5.2% YoY +5.2% YoY 1,089 1,089 1,034 1,034 120 Other 192 Retain Earning 143 160 Property, Plants and Share Capital and Other Equipment Equities 486 Inventories 427 Other Liabilities 699 691 Contract Assets Employment Benefits 60 67 Account Receivab
Slide 15: Presence in MAI and Dividend Distribution
Presence in MAI and Dividend Distribution Dividend Payment(2) 57 49 Symbol: DEXON Established Date: 10 May 1996 50.2% 49.2% Listed Date: 31 Mar 2023 29 25 Paid-up Shares: 476,500,000 shares Dividend per share: Bt 0.060 per share Par: Bt 0.50 per share Dividend Yield(1): 4.1% Registered Capital: Bt 2
Slide 16: Cash Flow Statement
Cash Flow Statement For the fiscal year ending 31 December 2024 161 149 123 -33 -7 -146 Beginning Cash Operating Activities Investing Acticities Financing Activities Translation adjustments Ending Cash 16 Unit: MB
Slide 17: Agenda
Agenda 1 Company Overview 2 Financial Summary 3 Operational Highlights 4 Business Plan for FY2025 5 Awards & ESG Initiatives
Slide 18: Double-digit growth across all segments, except NDT
Double-digit growth across all segments, except NDT Services Revenue % Change Highlights • Shut down postponement. NDT 266 MB (10.8%) • Divided maintenance plan for large /Advanced NDT projects (increased competition). • Expanded into high-demand markets in America, Europe, and Middle East. • Contin
Slide 19: 2024 Event Highlights
2024 Event Highlights • Signed JDA with Global Oil & Gas Leader for Future Energy Transition. • Launched Dexon Germany to Capture Key Market Opportunities in the EU. • Listed as a Vendor for One of the World’s Largest Companies, showcasing Our R&D Capabilities and Securing Additional Projects in the
Slide 20: 2024 Dexon Technology Roadshow
2024 Dexon Technology Roadshow Feb’24 – Pipeline Pigging and Integrity April’24 – Pipeline Technology Conference, Berlin May’24 – Super Dug (the largest SHALE Event in Management Conference, Texas US), Texas Oct’24 - Oil & Gas Exhibition of Thailand Oct’24 - 20th Annual Argentina Oil & Gas Expo Nov’
Slide 21: Commercial Presence in Over 50 Countries with Cutting-Edge Technology
Commercial Presence in Over 50 Countries with Cutting-Edge Technology 21
Slide 22: 2024 Award and Recognition
2024 Award and Recognition 2024 Best Innovative Company Awards Collective Action Against Corruption 2024 • Won the SET Award for the Best Innovative Company • Recognized as a member of the Thai Private Sector for the second consecutive year with Ultrasonic Collective Action Against Corruption (CAC),
Slide 23: Agenda
Agenda 1 Company Overview 2 Financial Summary 3 Operational Highlights 4 Business Plan for FY2025 5 Awards & ESG Initiatives
Slide 24: Business Plan for Y2025
Business Plan for Y2025 Revenue Growth % Gross Profit % EBITDA % Net Profit ∼20% 35-40% 25-30% 10-15% 24
Slide 25: 2025 Key Growth Strategy
2025 Key Growth Strategy NDT & ADVANCED NDT IN-LINE INSPECTION AND MAINTAINACE, FABRICATION & ASSET INTEGRITY RESEARCH DEVELOPMENT AND TRAINING • Tapping into renewable energy and • Upholding technology leadership in • Advancing Technical Capabilities securing long-term contracts UTCD advanced techn
Slide 26: 2025 Revenue Target
2025DEXONRevenue Target 2025 REVENUE TARGET REVENUE TARGET MB + Revenue Growth ~20% 1000 900 MB 900MB 207 MB 900 MB 900 754 MB (23%) 700 500 800 2024 REVENUE 2025 TARGET 268 MB (30%) BACKLOG (awarded projects) 600 300 50% 50% 425 MB (47%) 425 MB 0 DOMESTIC INTERNATIONAL 400 HIGH POTENTIAL 200 200 52
Slide 27: 2025 Backlog Projects
2025Backlog Projects Backlog By Country Global Market Overview LATAM 4% Asia & Oceania • Started delivering long term NDT contracts both Oil and Gas, and Renewable Energy. EUROPE 7% • Secured a new contract following initial success in MEA 14% Well Casing in Australia. North America • Strong demand
Slide 28: 2025 High Potential Projects by Services Type
2025 HighPotential Projects by Services Type • High potential to generate additional revenue from ad hoc advanced NDT projects beyond the ongoing contract from Long-term contracts in Thailand and Philippines. NDT Market • Increased project opportunities due to postponed shutdown plans from last year
Slide 29: Agenda
Agenda 1 Company Overview 2 Financial Summary 3 Operational Highlights 4 Business Plan for FY2025 5 Awards & ESG Initiatives
Slide 30: Sustainability in Action: Advancing ESG for a Better Future
Sustainability in Action: Advancing ESG for a Better Future Environmental Social Governance Thailand CCUS Alliance (TCCA) to advance carbon Career Development Guide at Rayong Technical Member of the Thai Collective Action capture, utilization, and storage initiatives College's Graduation Ceremony Ag
Slide 31: Dexon Awards and Recognition
Dexon Awards and Recognition 2024 SET INNOVATIVE COMPANY AWARD 2023 SET INNOVATIVE COMPANY AWARD Received Best Innovative Company Award for the Received Best Innovative Company Award for 2nd consecutive year, recognized for developing Ultrasonic testing Crack Detection and Sizing Thailand’s only Ult
Slide 32: Thank You
Thank You IR Contact DEXON Technology Public Company Limited Investor Relations Department Address: 78/4-5 Moo 6, Sukhumvit Road, Ban Chang, Rayong, 21130, Thailand Phone: +66 33-012-484-7 Ext. 166 Email: ir@dexon-technology.com Website: www.dexon-technology.com 32