Bualuang Securities Public Company Limited · SET:TCAP01C2612A

Bualuang Securities Public — Microsoft Power Point BLSWarrant Jan2011

40 slides from Bualuang Securities Public's investor presentation, January 2011

  1. Slide 1: ! "#$ %& ' ( ) ! * )!+ !+ ! ,- $ -!

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  2. Slide 2: @&A & ' B C' D -

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  3. Slide 3: A ST<N&K UVW37 BA< UVW37M

    A ST<N&KUVW37 BA<UVW37M @&A & ' B C' > %& ' B C' ; <=> D -- E DM, E @& 23! ,BC9 DE;8F!0<GH ;1! 3=6 @& I@& ! A! + (> @& 2 @& 2 !A! + ! ,JC<D78<K L!BM;9 LK N;1 ( @& @ = ( (% & @& ! ,O8NP! 0;< < H;7;F< 1 5' &' 6 ( $+ !+ ! ) ! , +@ 1 % % 5( = ?>% + ! ,QK 9 ;L< !/K N< KFR1

  4. Slide 4: X YN Z>% N&K@&A & ' B C'

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  5. Slide 5: X YN Z>% N&K % > & B ' C'

    XYN Z>%N&K % >& B ' C' / % "# !$% & '()*# +

  6. Slide 6: BA< [ \]37M > L

    [ \]37 BA<[ \]37M >L ^_ ` \]37M Dee >E BA<[ @ F O_K >L 7a /#/ 4bbc d 49 $/@/ 4bbc @ [ \]De >E \]37 @ [

  7. Slide 7: ^AC&eB> [ ^AC&eB> [

    [ \]37 BA<[ \]37M >L ^_ ` \]37MM DfE BA<[ ^AC&eB> F O_K >L 7a /#/ 4bbc d 49 $/@/ 4bbc ^AC&eB> [ \]37 ^AC&eB> [ \]Df fE

  8. Slide 8: \]37 W BA< [ \]37MW

    [ \]37 W BA<[ \]37MW @ FO?>$ ; <=> L̀HI J &N # De >E [ \]37 W -- 98 / 7a` @`4bb9 [ \]37MW M, a3 &/ 78` @`4bb9 @e ?@ &C FO?>$ HI J &N # ^&& _>L % G Z& #% & K&K C_ &G _# ?% Z> # e` / GA > #' 3/7 [ \] W 4b `/#/ 4bb9 4: `/#/ 4bb9 e GA K D73 g7 [\]E

  9. Slide 9: MVVQ37 BA< MVVQ37M

    MVVQ37 BA<MVVQ37M @ FO?>$ ; <=> L̀HI J &N # De >E MVVQ37 -- 7bb / 7:` @`4bb9 MVVQ37M M, 433 h/ 43 ` @`4bb9 @e ?@ &C FO?>$ HI J &N # ^&& _>L % G Z& #% & K&K C_ &G _# ?% Z> # e` / GA > #' 3/34b MVVQM 4b /@/ 4bb9 c7 /@/ 4bb9 e GA K D93 g7 MVVQME

  10. Slide 10: C #`C HI &N # J

    C #`C HI &N # J !"#$% & % $' () *+,- , ./01/ 2 345678579:7

  11. Slide 11: i #' H & I J N #

    i #' H&I JN # HI J &N #>L XG HI J &N #F CA ZGA > #' BG_ K; <>iX># @_@&``?OL@ZG`I & GA > #' ; CG I &X`_ @ZG`I & ;C HI J & G`I & G%G I &&' B C' GI&X`_ G`I & I &eG`Z

  12. Slide 12: ;Bee AK>% ? > S ? > & % ( +

    ;Bee AK>% ?> S ?> &% ( + S TU!% !(+ ( V! % ! W ?> & S T& &6 $) % + % + X ?> S ?> &I ) + S TU ! % !(+ ( V! ( (! W ?> & S ( ( 34 T&#3= ! I DC&K_#= Se% @@A$ `Z E

  13. Slide 13: @ i >' Z&<` L > J

    @ i >' @ Z&<` L >J Kc V [ V BA<jV - - M, @ ? @ & K&K [ V jV k @ FO?>$ D[5 25 1 lE Dj,51m 5 25 1 lE @ ? @ & K&K V V n @ FO?>$ D 5 25 1 lE D 5 25 1 lE @ ? @ & K&K jV [ V o @ FO?>$ Dj,51m 5 25 1 lE D[5 25 1 lE

  14. Slide 14: @ T K ?Z?_ C_ K D^AC&eB> FO ? >$E

    @ T K ?Z?_ C_K D^AC&eB> FO?>$E !"#$% & % $' () *+,- , ./01/ 2 345678579:7

  15. Slide 15: &C FO ? >$C_ &G _ #

    &C FO?>$C_ &G _# &C FO?>$C_ &G _# DQ gQR 0 1E ? @ & K&K Qn &'B C' 7 G` #pq KD 7 & ' B C'C_ & 7 ? @ & K&KE 3/7 G` #pq KD 73 & ' B C'C_ & 7 ? @ & K&KE 3/b G` #pq KD 4 & ' B C'C_ & 7 ? @ & K&KE 73 G` #pq KD 7 & ' B C'C_ & 73 ? @ & K&KE 43 G` #pq KD 7 & ' B C'C_ & 43 ? @ & K&KE

  16. Slide 16: K ?Z?_ C_ K K ?Z?_ C_ K @I & ^AC&eB>

    K ?Z?_ C_K K ?Z?_ C_K@I & ^AC&eB> FO?>$ - - M, P kr D P d r E RQ Rs 3 Pnr 3 3 P or 3 D r d P E RQ Rs P g @ ;t ZN&K? @ & K&KT HI J &N #?% Z> # r g @ FO?>$ Q g&C FO?>$C_ &G _# s g &'B C'

  17. Slide 17: C &#_ K @ T7 C _ # / HI

    C &#_K @ T7 ?``% C _ # / HI &[ J \]37 W @ FO?>$ DrE n 98e > @ ?``C &C FO?>$C_ &G _# DQ E n 3/7 @ @&A & B' C' D E n7e > @&A & ' B C'DsE n b 333 G _# C >% 7 Rb 333 n b 333 e >

  18. Slide 18: C &#_ K @ T7 C _ # / HI

    C &#_K @ T7 ?``% C _ # / HI &[ J \]37 W @ FO?>$ DrE n 98e > &C FO?>$C_ &G _# DQ E n 3/7 @ @&A & B' C' D E n7e > @&A & ' B C'DsE n b 333 G _# @ ;tZ[\] T HI J &N # C >% 7 Rb 333 n b 333 e > ?% Z> # >_ e 63 e > K ?Z ?_ C_K D63598ER3/7 Rb 333 n 6 333 e > XY N Z>% 6 333 d b 333 n 7 333 e >

  19. Slide 19: C &#_ K @ T7 C _ # / HI

    C &#_K @ T7 ?``% C _ # / HI &[ J \]37 W @ FO?>$ DrE n 98e > &C FO?>$C_ &G _# DQ E n 3/7 @ @&A & B' C' D E n7e > @&A & ' B C'DsE n b 333 G _# @ ;tZ[\] T HI J &N # C >% 7 Rb 333 n b 333 e > ?% Z> # >_ e 93 e > K ?Z ?_ C_K 3e > XY N Z>% 3 d b 333 n d b 333 e >

  20. Slide 20: C &#_ K @ T4 C _ # / HI

    C &#_K @ T4 ?``% C _ # / HI &[ J \]37MW @ FO?>$ DrE n a3 e > @ ?``C &C FO?>$C_&G _# DQ E n 3/7 @ %>& ' B C' DME n4e > >& ' % B C' DsE n 73 333 G _# C >% 4 R73 333 n 43 333 e >

  21. Slide 21: C &#_ K @ T4 C _ # / HI

    C &#_K @ T4 ?``% C _ # / HI &[ J \]37MW @ FO?>$ DrE n a3 e > @ ?``C &C FO?>$C_&G _# DQ E n 3/7 @ %>& ' B C' DME n4e > >& ' % B C' DsE n 73 333 G _# @ ;t Z[\] T HI J &N # C >% 4 R73 333 n 43 333 e > ?% Z> # >_ e ab e > K ?Z ?_ C_K 3e > XY N Z>% 3 d 43 333 n d43 333 e >

  22. Slide 22: C &#_ K @ T4 C _ # / HI

    C &#_K @ T4 ?``% C _ # / HI &[ J \]37MW @ FO?>$ DrE n a3 e > @ ?``C &C FO?>$C_&G _# DQ E n 3/7 @ %>& ' B C' DME n4e > >& ' % B C' DsE n 73 333 G _# @ ;t Z[\] T HI J &N # C >% 4 R73 333 n 43 333 e > ?% Z> # >_ e 93 e > K ?Z ?_ C_K Da3d93E R3/7 R73 333 n c3 333 e > XY N Z>% c3 333 d 43 333 n 73 333 e

  23. Slide 23: C &#_ K @ T K ?Z?_ C_ K \]37 W

    C &#_K @ T K ?Z?_ C_K @ ;t ZN&K[ \] K ?Z?_ C_KN&K K ?Z?_ C_KN&K T >L4b `/#/ 4bb9 [ \]37 W [ \]37MW cb 3e > Da35cbE R3/7 n c/b e > 93 3e > Da3593E R3/7 n c e > 9b 3e > Da359bE R3/7 n 4/b e > b3 Db3598ER3/7 n 3/4 e > Da35b3E R3/7 n 4 e > bb Dbb598ER3/7 n 3/ae > Da35bbE R3/7 n 7/b e > 63 D63598ER3/7 n

  24. Slide 24: C &#_ K @ T K ?Z?_ C_ K MVVQ37

    C &#_K @ T K ?Z?_ C_K @ ;t ZN&KMVVQM K ?Z?_ C_KN&K K ?Z?_ C_KN&K T >L 4b /@/ 4bb9 MVVQ37 MVVQ37M 7c3 3e > D43357c3E R3/34b n 7/ab e > 793 3e > D4335793E R3/34b n 7/b e > 7b3 3e > D43357b3E R3/34b n 7/4b e > 763 D76357bbE R3/34b n 3/74b e > D4335763E R3/34b n 7 e > 7a3 D7a357bbE R3/34b n 3/cab e > D4

  25. Slide 25: AX @ BA< [ u 0 1 C_ K v

    AX @ BA<[u0 1 C_Kv !"#$% & % $' () *+,- , ./01/ 2 345678579:7

  26. Slide 26: ;w #> L̀ ^A <>eC_ & W]P

    ;w #>L̀^A <>eC_ & W]P @ ? @ & K&K A &C Z& eJ # @ `^ ^ K ;w^A

  27. Slide 27: ^A <>eN&K;w #C_ K v

    ^A <>eN&K;w #C_Kv ^A <>e ;w # - - M, ; ` T^A <>e xZ#; <` T @ ? @ & K&K Nq J Nq J AK ` ; A Kd ` & #% @KGAI & AK AK AK D#L KFAG`Z& #% #L K` E @ `^ ^ Nq J Nq J Nq J ; AK CLd CL` &C Z& eJ # Nq J Nq J AK Dp & #% @KGAI&CL _7 ;yE K ;w^A Nq J AK Nq J CL` G I & X`` _

  28. Slide 28: @ ? @ & K&K z & #% @K GAI

    @ ? @ & K&Kz & #% @KGAI & @ ? @ & K&K & #% @KGAI & @ - - Nq J AK Nq J GI & AK AK AK AK @ ? @ & K&K & #% @KGAI & @ M, AK AK Nq J GI & AK Nq J AK AK

  29. Slide 29: [ u 0 1 C_ Kv

    [u0 1 C_Kv Qm m0 { . [|}-u V| 0l \1- -l

  30. Slide 30: Qm m 0 {

    Qm m0 { . Qm m0 { .G I & &C >Z K @_>L e& _p @ ? @ & K&K;AL # X;7f @ < ;AL # X; L >_DF G _# fE Qmm0 { .N&K - - ;~z Qmm0 { .N&KM, ;~5 Qm m0 { .n b >_G` #@ ` _ p @ ? @ & K&KNq J7f @ @&A & ' B C' @ <Nq J; <` Tbf p @ ? @ & K&KAK7f @ @&A & ' B C' @ <AK; <` Tbf

  31. Slide 31: V | V | 0 l G I

    V| 0l V| 0lG I & ?I &`@_> K A L FO; <` _`I & A ^_ X; @ L <AZAK L e> xZ#>LX; <@ T75 lV| 0l I L &; <` _`I & L A ^_ X;7 @ <AZAK L e> 75 lV| 0ln 53/34 e >G` #@ ` _ p A ^_ X;7 @ @ <AZAK; <` T3/34 e >

  32. Slide 32: |}- u \1- - l |}- u \1- - l G I & @

    [ |}-u\1- -l [ |}-u\1- -lG I & @ `^ ^ B!K @_@ `^ ^ N&K? @ & K&K>L @ TXZ @ ;w % e N&K BA<? @ & K&K e_ Ke& _ @ ?KG I &CL`I L & >#e e C &I L>L̀ ? @ & K&KC Z# X`_ @ FO; #e >#e >L̀? @ & K&KC_K [ |}-u\1- -lN&K >L̀? @ & K&KC Z# >L̀[ |}-u\1- -lCL _ C &I L G` #@ ` _ C Jp _& C

  33. Slide 33: FO [ u 0 1 #KXK

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  34. Slide 34: € !"#$% & % $' () *+,- , ./01/ 345678579:7

    € !"#$% & % $' () *+,- , ./01/ 2 345678579:7

  35. Slide 35: ; <x#O ' N&K W]P @I

    ; <x#O ' N&KW]P @I &&<X ? ` pAK>%XZ>JKCA ZN Nq JBA<N AK FOK AK>%NJCL &# ;~ AK>%>L̀&C >Z?K ZN Z>%BC_ XX`_ Z HI &N # ?`I J & G%C G qL KF CA ZGA > #' • HI &N #^_ xe & ' J XZ>%BG_ K ? ` p> XXZB` @ ? @ & K&K<;AL # B;AK X;X`_ ` `?= @A_ &K?K

  36. Slide 36: AI & AK>% &#_ KX

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  37. Slide 37: N &B < &#_ HI &p

    N&B < &#_HI &p J X`_ HI J & >L@ FAi #' X`_ HI J & ` _K >L >L C #&` e>L<?#XZ

  38. Slide 38: > X`C&K AI & W]P

    > X`C&KAI & W]P F ‚ <^&& e/A/ e GA KXZC #`B^ FG@ ` B _ AK>%&#_KC_ & I L &K ` `N&`A& ;~; <x#O ' C_Kv CZC `&e `?`` ZC #`@ I L &K`I &>L ;~; <x#O ' C_ & AK>% @I&K`&IF L @ <G'^_ ƒeXHC' ?% ;@_& Z@ C& 'C_Kv @ <G' Bee -5 | ^_ W,-, .QR0-

  39. Slide 39: iq S N &` A L̀ C`XZ > L XG

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  40. Slide 40: @ p `&I L v > X` @ G% B` Nq

    @ p `&I Lv > X` @ G%B`Nq J @ @&A & 'B C' X`_ Nq J > X` @ G%B`AK @ % >& B ' C'X`_ Nq J [ |}-u\1- -l >_Xpq K # _?K X; 2W - 0 @I &&<X T„' 2W - 0 `&<Xe K p @ &' B C'& % $' ?K` vC& e <;~ &#_KX HI &>J J K@&A & ' B C'BA< % >& ' B C' &` XZ GI&X`_

Bualuang Securities Public Company — Microsoft Power Point BLSWarrant Jan2011 on 6ix