Chow Bright Ventures Holdings Public Company Limited · SET:CHOW
Chow Bright Ventures Holdings Public — 1H 2025 Earnings Presentation
28 slides from Chow Bright Ventures Holdings Public's earnings presentation, September 2025
Slide 1: Opportunity Day 1H 2025
OPPORTUNITY DAY 1H 2025 1
Slide 2: Agenda
CD AGENDA Ard ng 2
Slide 3: Agenda
A B C D Business 1H 2025 2025’s Q&A Overview Financial Target Performance & ESG Page Page Page Page 4 16 23 26 3
Slide 4: Agenda: Business Overview & ESG
ABCD 1Half Forward Q&A Business Operating Looking Overview AGENDA &Result ESG Page Page Page 4 26 29 4
Slide 5: Stock Information
Stock Information We Grow Sustainably Shareholding Structure : as of Sept 3, 2025 Stock Information Symbol CHOW Trade Market MAI (December 24, 2011) Industry Industrial Registered & Paid up capital 800 mBaht 71.0% Jiratomsiri Family Market CAP 1,032 mBaht 29.0% Others P/ E 42.9 P/ BV 0.49 Source: ww
Slide 6: Our Journey
Our Journey We Grow Sustainably 2003 - 2007 Establishment of CHOW as a steel billet producer and distributor - total license capacity of 730,000 tons/ year with BOI privileges - ISO 9001 2009 Became a listed member of London Metal Exchange (LME) 2011 Listed on the Market for Alternative Investment (
Slide 7: Group Structure
Group Structure We Grow Sustainably CHOW Bright Changes the name from Ventures Holdings “Chow Steel Industries PCL” PCL. in May 2025 99.9% 76.0% 87.36% Chow Steel Captain Cash Chow Energy BlackRock Manufacturing Holding Plc. 99.9% 51.0% 49.0% Oversea Thailand Thailand Renewable Energy Renewable Ener
Slide 8: Products
Core Business We Grow Sustainably STEEL BUSINESS Certificate and licenses Thai Industrial Standards Institute (TISI) Manufacture License of Industrial product - Round Bars (RB6 RB8 RB9 RB10) Manufacture License of Industrial Product - Deformed Bar Manufacture License of Industrial Product - Low Carb
Slide 9: Core Business
Core Business We Grow Sustainably Energy Business EPC Service Private PPA EPC PPA Chow Energy invests, Purchase our own, operate, and O&M Smart investment system and enjoy Zero investment Key Features system while customer maximum enjoys discount savings electricity price Investment Competitive cost
Slide 10: Core Business: Energy Business
Core Business We Grow Sustainably Energy Business Thailand’s leader of secured capacity of private PPA and geographically dispersed across Thailand > 300 MW ▪ Incorporated in Thailand in 2014, Chow Energy is an owner, operator and developer of solar PV power PPA projects in Thailand, Japan and Austr
Slide 11: Our Capabilities
Our Capabilities We Grow Sustainably Energy Business Our business model is organized into 4 key business areas, vertically integrated in order to define and strengthen our offer as a group: Project Equipment Development Distribution • Identify best location • Tier-1 manufacturers at • Secure the sit
Slide 12: Main Equipment Used in Projects
Main Equipment Used in Projects We Grow Sustainably All equipments are selected with best quality and best price from our strong supplier relationship PV Panel: Choose a quality solar panel (Tier 1 Rating) with good reliability, warranty and efficiency Product Warranty:12 years, Performance Warranty
Slide 13: CHOW Grow Sustainably
CHOW Grow Sustainably We Grow Sustainably +50 Megawatts 2025 target for new PPA project in 10,000 Solar Thailand. systems CHOW group will have 200 Mb Chow operates solar secure megawatts at energy system with Cumulative money 220 Mw by end of various sectors of saving from electricity 2025. 35,578,2
Slide 14: CHOW Grow Sustainably: ESG
CHOW Grow Sustainably : ESG We Grow Sustainably Steel Business Energy Business Carbon footprint Make a big impact Certificates for all with professional round bar products slides and charts. issued by TGO ESMS: Environmental Safety Management System
Slide 15: CHOW Grow Sustainably: ESG
CHOW Grow Sustainably : ESG We Grow Sustainably Received an excellent rating of 5 stars CG Scoring by IOD CAC Certificate Collective Action Against Corruption NACC Integrity Awards Renewable Energy Deal of the Year The Asset Triple A sustainable Infrastructure Awards 2023 4 Star rating of 2025 AGM Q
Slide 16: Agenda: 1H 2025 Financial Performance
B CD 1H 2025Q&A Forward Looking Financial AGENDA Performance 16
Slide 17: 1H 2025 Financial Performance
1H 2025 Financial Performance We Grow Sustainably Total Revenue [Mb] Steel BU: • Temporary halted operation in May - Jun 2025 2,315 Mb o Machineries improvement o Product quality improvement • No revenue from trading and service 739 Mb Resume the operation in Aug 2025 Renewable Energy BU: • Full per
Slide 18: 1H 2025 Financial Performance
1H 2025 Financial Performance We Grow Sustainably Revenue_1H 2024 Revenue_1H 2025 2,500 800 219 49 468 20 700 34 300 2,000 1% 10% 7% 20% 600 5% 1,608 1,500 500 40% Mb Mb 400 356 1,000 300 200 48% 500 69% 100 - - Steel - OEM Energy - EPC & Service Steel - OEM Energy - EPC & Service Steel - trading En
Slide 19: Energy Solar Development
1H 2025 Financial Performance We Grow Sustainably Energy Solar Development Japan Australia Secure portfolio = Operational/ Construction/ Development/ Agreed and award
Slide 20: Energy Solar Development: COD Megawatts
1H 2025 Financial Performance We Grow Sustainably Energy Solar Development COD Megawatts 90.0 82.8 84.8 80.0 72.2 70.0 64.0 60.0 Megawatts 47.9 50.0 39.4 35.1 40.0 30.8 30.8 33.3 33.9 30.0 19.2 20.0 13.7 6.6 10.0 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 22 22 22 22 23 23 23 23 24 24 24 24 25 25 P
Slide 21: Key Financial Performance of Solar Project - C&I Portfolio
1H 2025 Financial Performance We Grow Sustainably Key Financial Performance of Solar Project - C&I portfolio Thailand
Slide 22: Financial Ratios
1H 2025 Financial Performance We Grow Sustainably Financial Ratios Key Financial Ratios 1H 2025 2024 2023 2022 Statement of Financial Position: Mb Current ratio 1.29 1.29 1.54 0.94 4,000 D : E Ratio 0.38 0.53 0.51 1.41 3,579 3,579 IBD/ Equity 0.21 0.26 0.26 1.23 3,500 3,239 3,239 BV per share 2.93 2
Slide 23: Agenda: 2025's Target
C D 2025’s Q&A Target AGENDA 23
Slide 24: 2025's Target: Steel Business
2025’s Target We Grow Sustainably 1 Steel Business INCREASING SALE VOLUME & MARGIN TRADING 2025: Sale volume 85,000 Tons SERVICE 2025: Produce long products 270,000 Tons Key Drivers Streamline production process with cost efficiency Chow products has lowest carbon emission in the market
Slide 25: 2025's Target: Energy Business
2025’s Target We Grow Sustainably 2 ENERGY Business Operational efficiency and cost management 1. Total secure PPA portfolio at 220 MW • investment grade customer penetration • opportunity expansion through M&A 2. Enhance system efficiency • High standard of O&M team • Advance technology to notify t
Slide 26: Agenda: Q&A
D Q&A AGENDA 26
Slide 27: Q&A
Q&A Chow Bright Ventures Holdings Plc. www.chowbright.com Tel: +66 2 033 0901 - 08 Chow Energy Plc. www.chowenergy.co.th Tel: +66 2 033 0910 - 14 27
Slide 28: Disclaimer
Disclaimer The information contained in this presentation is strictly confidential and is provided by Chow Steel Industries Public Company Limited (“Chow” or the “Company”) to you solely for your reference. Neither this presentation nor any part thereof may be (i) used for relied upon by any other p
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