ALWAYS WITH YOU Annual Report 2018 CONTENTS 4 Investor Information 6 Financial Highlights 10 Message from the Chairman 12 CEO Talk 14 Board of Directors 16 Executive Committee & Management Committee 18 Profile of Directors & Key Management 40 Organization Structure 42 Product Portfolio 66 2018 Awards 68 Shareholding Structure 70 Report of the Board of Directors 90 Operational and Financial Review 130 Our People…Our Success 134 Credit Ratings 135 Corporate Governance Report 158 Audit Committee Report 159 Independent Auditor’s Report 162 Financial Statements 277 Interested Persons Transactions Report 294 Announcements to SGX in 2018 295 General Corporate Information 4 Investor Information Thai Beverage Pubilc Company Limited is listed on the Singapore Exchange (SGX-ST) mainboard SGX TICKER / Y92 REUTERS / TBEV.SI BLOOMBERG / THBEV:SP INVESTOR GOOGLE FINANCE / Y92 IPO Date 30 May 2006 IPO Offer Price INFORMATION S$ 0.28 Fiscal Year Ended 30 September External Auditor KPMG Phoomchai Audit Ltd. Dividend Policy Not less than 50% of net profit after deducting all appropriated reserves and investments, subject to cash flow Share Price* High S$ 0.980 Low S$ 0.610 *Data from 2 October 2017 - 28 September 2018 Investor Relations Contact: Investor Relations Department Thai Beverage Pubilc Company Limited 14 Vibhavadi Rangsit Rd., Chomphon Chatuchak, Bangkok 10900, THAILAND IR Website: www.thaibev.com/ir.html E-mail:
[email protected] THAIBEV’S THAIBEV’S SHARE PRICE PERFORMANCE MONTHLY TRADING VOLUME Share Price Vol. (S$) (M Shares) 1.10 800 700 1.00 600 0.90 500 0.80 400 300 0.70 200 0.60 100 0.50 0 Oct 17 Nov 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 Oct 17 Nov 17 Dec17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 THAIBEV Close STI Rebased SET Rebased 5 Annual Report 2018 Thai Beverage Public Company Limited THAIBEV’S THAIBEV’S SHARE PRICE PERFORMANCE MONTHLY TRADING VOLUME Share Price Vol.