Wave Exponential Public Company Limited · SET:WAVE
Wave Exponential Public — Wave Entertainment Public Company — Investor Presentation (March 2017)
50 slides from Wave Exponential Public's investor presentation, Mar 8, 2017
Slide 1: A New Chapter For Wave Group
A New Chapter For “WAVE GROUP” WAVE ENTERTAINMENT Wave Entertainment Public Company Limited 8 March 2017 Strictly Private and Confidential
Slide 2: Our Story: Transformation of Wave
Our Story Transformation of Wave Strictly Private and Confidential
Slide 3: Our Historical Business Model
Our Historical Business Model e WAVE Entertainment Public Company Limited was established in 1993 as CVD Co. e Listed in Stock Exchange of Thailand (SET) since 1994 with a Registered Capital of Bht 324M, Market Capital of Baht 2800 Million as of October 31st, 2014 Television Program Production & Dis
Slide 4: The "Old" Wave Group
wavs The “Old” Wave Group WAVE ENTERTAINMENT Entertainment Zemo IWAVE ' Sales: Bht 100-200MM NPAT: N/A H i RRR CRT a EES TS ETERS SCS veer t Eve tees 2 4 Strictly Private and Confidential
Slide 5: WAVE Shareholders
WAVE Shareholders As of 30 December 2016 24.95% 13.83% 64% Maleenont Family 41.58% Jeenapan Family 4.99% Boonyaworamethee Karnchanachari Family Jurangkool Family Family 5.43% 5.59% 7.33% 5 Strictly Private and Confidential
Slide 6: WAVE Directors
WAVE WAVE Directors 9 ENTERTAINMENT Mr. Matthew Kichodhan Chairman, CEO and Chairman of Investment Committee Dr. Cathleen Maleenont Ms.Manida Zinmerman Director and Chairman of Director and Chairman of the Risk Management Nomination and : Committee Remuneration Mr.Tee Ms.Piyawadee Ms. Tracy Ann Seeu
Slide 7: WAVE Independent Directors
WAVE WAVE Independent Directors ENTERTAINMENT Mr. Prasert Patradhilok Mr. Chaipranin Visudhipol Independent Director and Independent Director and Chairman Chairman of Audit Committee of Corporate Governance Committee M.L. Nalinee Hastintra Independent Director Mr. Somsak Phayapdacharchai Mr. Philipp
Slide 8: WAVE Stock Trading and Market Capitalization
ENTERTAINMENT WAVE Stock Trading and Market Capitalization Average in 2016 THB mm Market Capitalization Q Volume Trade- : 2.67 million shares/day 3000 aaa a Price : 4 Baht per share 2500 a Value Trade : THB 11.11 mm per day nooo SY 180s x 1500 /~ 1199 1,270 1000 |}~ 593 L340 Stock Trading ” | St all
Slide 9: WAVE Growth Timeline
WAVE Growth Timeline Timely Acquisitions in Profitable Lifestyle Businesses in Food, Education & Entertainment Wave Group Growth Timeline i TSE IPO i i Index Creative Village } i i !! PLC 50% Acquisition ii Wave holds 20% it i Wall Street Eng isl Li ' Jeffer Restaurant | 100% Acquisition : | 100% Ac
Slide 10: From 2014 To 2016
From 2014 To 2016 WAVE =, WAVE ENTERTAINMENT Entertainment Co. Sales: Bht 100-200M EBITDA: Bht -7M <40 Employees CG Score 87% Good CG Score 73% Good AGM 96% Excellent AGM 88% Very Good to G*-R°O°UeP “Lifestyle & Entertainment” Bht 2.6 Billion Bht 243 M Over 2000 People 90% Excellent (2016) 87% Excel
Slide 11: The "New" Wave Group
wave The “New” Wave Group No.1 Lifestyle & Entertainment Co. for Teenager and Young Adult Entertainment 100% 100% 100% Goze Ss IndsxF WAV. iWAVE Wave quae No 1 —= No.1 igs : No.1 TV Content Local/Event No.1 Food Rest. No.1 English School for tocallEvent Provider Concert for Teenager Teenager / Young
Slide 12: Wave Efficient English Services Co., Ltd.
WAVE Efficient English Services Co., Ltd.
Slide 13: WSE Facts
WAVE WSE Facts U) Sales of Bht 660 M (2016) ) 10 Centers > New Center opened in Mar. 2016 at West Gate and Central World in Nov 2016 U) 550 Employees ) 12000+ students O Target: > 17-22 yrs: Students/University > 23-29 yrs: 18t Jobbers > 29+ yrs: Career Management Q Market Share Leader of 35% (far 1
Slide 14: WSE Achievement in 2016
WAVE WSE Achievement in 2016 Q Currently 10 centers Q 1 center at Siam closed and moved to Central World Q 2 centers opened in 2016
Slide 15: New Center @ West Gate
New Center @ West Gate ENTERTAINMENT
Slide 16: Jeffer Restaurant Co., Ltd.
Jeffer Restaurant Co., Ltd. AY, ae <3 : LE os'g \WJEFFER™
Slide 17: Jeffer Facts
WAVE Jeffer Facts Q) Sales of Bht 680 M (2016) L) 80 Company Owned Restaurants L) 1200+ Employees CL) 350,000+ customers served per month QO) Target: > 17-22 yrs: Students/University > Young Families L) Market Leader Westin Dine-In Steak Segment UO) Potential to grow to over 200+ Restaurants in next
Slide 18: JEFFER Achievement in 2016
WAVE JEFFER Achievement in 2016 ENTERTAINMENT Currently 80 stores nationwide : 36 BKK and 44 up-country 1. Closed 3 stores * Jan @ Chula Book Center @ The Yard y @ Mahidol 2. Opened 4 new stores Future Park @ Harbor Mall Pattaya Dec @ Robinson Lopburi @ Terminal Korat
Slide 19: New Brand Corporate Identity and Store Model
Slide 20: New Brand Corporate Identity
WAVE New Brand Corporate Identity ENTERTAINMENT JEFFER MEAT ie xen = wm peyllees
Slide 21: New Store @ Junceylon Phuket
New Store @ Junceylon Phuket coped Sees
Slide 22: New Product Development
wave New Product Development 22 Strictly Private and Confidential
Slide 23: INDEX Creative Village Plc.
wave INDEX Creative Village Plc.
Slide 24: ICV Facts
WAVE ICV Facts Q Sales of Bht 552 M (2016) BAL sesso wey a ) Public but not yet Listed BI CREATIVE . ENTERTAINMENT, QO) 4 Distinct BUs ! 2 O) 550+ Employees QO) Ranked #7 World Wide by Event Magazine USA U) Regional Reach into Myanmar, Vietnam, Malaysia O) Largest Event Organizer and not Creative Vi
Slide 25: Index Creative Village Plc.
WAVE Index Creative Village Plc. ENTERTAINMENT ~ ae Indsxy CREATIVE VILLAG ” Creative‘ > MARKETING Solutions g SetVIEE be ad i» 25 Strictly Private and Confidential
Slide 26: Index's Revenue Growth
WAVE Index’s Revenue Growth 1103 1101 ca . ) a S VE oh sa & AP Pn? Rae Se Ss *$
Slide 27: INDEX Group Achievement
INDEX Group Achievement _ Foating Market Bang kok Varee ARRAARARAANA TT WE i Fate an hig ci ee. a OR - VERA Ge - sag geseeisiusnePtHeiRHE Miss Thailand 2016.81 ;
Slide 28: INDEX Group Achievement
INDEX Group Achievement Index (ME) : Herbarium (Pattaya) = Mlidex (ME) : Quatex Pattaya
Slide 29: INDEX Group Achievement
INDEX Group Achievement
Slide 30: INDEX Group Achievement
ENTERTAINMENT WAVE INDEX Group Achievement Inspire Image : Minor Group (Sizzler, Swensens, Coffee Club etc.)
Slide 31: INDEX Group Achievement
INDEX Group Achievement Index (Show Biz) : Index (Show Biz) : Roy Duriyang The Musical Kritanusorn Charity night ENTERTAINMENT tT nsvuwuciic
Slide 32: INDEX Group Achievement
INDEX Group Achievement ENTERTAINMENT ICvex : Myanmar Build and Décor 1&M : SKY ANGEL @ MM & VT q) Que LAN DAU TIN Al VIGT NAM, {20Na TON TS CHOC Mir CODE TH nox alm KISM THEP VIEN HANG KHONG OK.
Slide 33: Thailand Pavilion at Expo 2017
>. Thailand Pavilion at Expo 2017 » | i d 9 x? | “Energy of the Future” a in Astana, the capital of Kazakhstan EXPO 2017 (Jun 10 — Sept 10) Future Energy CREATIVE VILLAG Strictly Private and Confidential
Slide 34: Thai Solar Energy Plc.
Thai Solar Energy Plc. TISIE be V/s = 7@hal Solar Energy Public Gompany ite eeeeeeS
Slide 35: TSE Facts
wave TSE Facts PV Farm ENTERTAINMENT QO) Thailand: 121 MW > 10 PV Farms (60/40 GPSC) > 1 Solar Thermal > 14 Roof Top: Home Pro and The Mall Group > 3 Biomass L) Japan: 36 MW > OPV Farms > To Build 20 MW Q) Net Profit (2016): Bht 618 M Q) Mkt Cap: Bht 10.5 B 35
Slide 36: Solar Farms
Solar Farms = 10 PV Farms and 1 Solar Thermal with total capacity of 85 MW Kanchanaburi Solar Thermal TSE01 (Huaykrajao) PV Farm SSE1-PV01 (Bor Ploy) SSE1-PV06 (DanMakhantae) SSE1-PV07 (TaMuang) SSE1-PV08 (PanomTuan) & ‘Samuth Songkram 10 Samuth Sakom 11 Bangkok PV Farm 12 Samuth prakam: SSE1-PV02 (
Slide 37: Rooftops
Rooftops « 14 Rooftops with capacity of PV Rooftop FOS Kao PV Rooftop RTO8 Ubonrachatanee RT02 Prae PV Rooftop RTO3 Nakornsawan RTO1 Lopburi South PV Rooftop PV Rooftop RT04 Chumporn RT10 Akamai Ramintra — RTO5 Suratani RT11 Rachapruek = el RTO6 Nakornsrithamaracha RT12 Tapra ge ins = sn RTO7 Hadyai
Slide 38: PV Farm in Japan
PV Farm in Japan = 9 PV Farms in Japan with capacity of 36 M TOYAMA PV Farm Shima (1.25 Sakura (1.99MW) | SHI KAWA ri PV Farm Hanamizuki (13.50MW) Ishi FUKUI PV Farm Hikeme (1.50MW) Aomori (13.00MW) | BARAKI PV Farm dyoso (1.25MW) Ryugasaki (1.99MW) Yoshinuma (1.50MW) Kuno (0.50MW) Latest project wi
Slide 39: Summary of Financial Snapshot 2014-2016
39 2014-2016 Summary of Financial Snapshot Strictly Private and Confidential
Slide 40: 2014 - 2016 Wave Group P&L
wave 2014 - 2016 Wave Group P&L Cost 449.03" 71% - 1,684.19" 66% 850.70 384.46 Gross Margin 185.23] 29% 876.71] 34% 683.86) 369% 7.62] Other Revenues 32.03] 5% - 31.49] 196 (18.38)| (57%) 17.84] TSE Transaction 144.36 23% 5 448.49 18% (144. 25) (100%) 448.49 MarCom&SE 78.31, 12% 441.84, 17% 374.93 4
Slide 41: EBITDA Breakdown by BU
WAVE EBITDA Breakdown by BU ENTERTAINMENT THB'mm +7% 100 ; 37 91 80 | 60 | -42% 40 + 20 | antl , = uy ——— —— Ce. JEFFER Indox? WWe iWAVE! (20) Y =2014 m= 2015 m=2016 4 Strictly Private and Confidential
Slide 42: Key Financial Ratios and Interest Bearing Debt
WAVE ENTERTAINMENT Key Financial Ratios 2015 || 2016 Gross Profit Margin % |40.07 || 34.23 Net Profit Margin % 1.96 || 0.88 ROE % 6.09 || 2.91 ROA % 1.28 |} 0.72 DE Times | 3.91 DSCR Times | 1.21 |] 1.63 IBDIE Times | 2.49 Wave’s Interest Bearing Debt (THB’mm) > Loan Outstanding as of 31 December 20
Slide 43: Long Term Business Plan
43 Long Term Business Plan Strictly Private and Confidential
Slide 44: 2017 Goal By BU
2017 Goal By BU 1. WSE: Bht 730 Million +10% 2. Jeffer: Bht 750 Million +10% 3. Index Bht 1.5 Billion +30% 44 Strictly Private and Confidential
Slide 45: A Bright Future Growth Plan
A Bright Future Growth Plan 45 Strictly Private and Confidential
Slide 46: The "New" Wave Group
wave The “New” Wave Group No.1 Lifestyle & Entertainment Co. for Teenager and Young Adult Entertainment 100% 100% 100% G7 Ss Indsxy WAV. iWAVE Wave quae No 1 —= No.1 igs : No.1 TV Content Local/Event No.1 Food Rest. No.1 English School for tocallEvent Provider Concert for Teenager Teenager / Young A
Slide 47: Long Term Business Plan
Long Term Business Plan Lower debt and higher expected EBITDA Will allow the group the rapid strategic expansion > Jeffer v 10 more domestic own stores v CLMV and domestic franchise opportunity v New domestic centers opening v¥ CLMV expansion plan * Index v¥ Domestic and offshore turnkey event and a
Slide 48: Good Corporate Governance
aureavainuent Good Corporate Governance Average |Top Rated 92% 100% 93% 100% 91% 100% 91% 100%
Slide 49: WAVE CSR
WAVE CSR Wave Group is committed to the betterment of under-privileged community, activity included: Over 130 computers donated to The Mirror Foundation and Foundation for Support and Development of Disabled Persons Thailand 49 Strictly Private and Confidential
Slide 50: Q&A
50 Q&A es Strictly Private and Confidential
Wave Entertainment Public Company — Investor Presentation (March 2017) on 6ix