Analyst Meeting 18th August 2015 Disclaimer

Information contained in our presentation is intended solely for your reference. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. In addition, the information contains projections and forward-looking statements that reflect the company’s current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance can be given that future events will occur, that projections will be achieved, or that the company’s assumptions are correct. Actual results may differ materially from those projected.

2 2Q2015 : Agenda

BA 2Q2015 Performance

New Route Performance

BA 2H2015 Moving Forward

Airport Related Services

Appendix

3 BA 2Q2015 Performance

4 2Q2015 : Key Highlights

RPK and ASK were growing by +2.9% and +4.3%YoY respectively Load Factor of 60% Yield at 4.72 THB/RPK with +5%YoY Passenger Revenues higher +8%YoY Unit Margin soften -0.15 THB/ASK better by 46%YoY EBITDAR Margin showed 11.6% (+4 pptYoY) Expand BA network by 18 worldwide Codeshare partners

5 2Q2015 : % Growth of Operating Performance

13%

10% 13% 5% 7% 0.5% 4% 5% 11% 5% 0.3% 4% 4% 2% -1% -1% 2Q2015 (%Growth YoY) 1H2015 (%Growth YoY) 2Q2015 (%Growth YoY) 1H2015 (%Growth YoY) All Routes (Excludes Samui) Samui (In-Out) ASK Yield No. of Passenger Passenger Revenues

6 2Q2015 : RASK & CASK Performance Revenue per ASK and Cost per ASK were healthier.

RASK (THB per ASK) +1.4%YoY CASK & CASK Excludes Fuel Cost (THB per ASK) +3.0%YoY -1.2%YoY -4.8%YoY +4.8%YoY 0%YoY

3.45 2.96 3.05 3.50 3.24 3.20 3.33 3.17 2.31 2.42 2.38 2.38

2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 RASK CASK CASK excludes Fuel Cost

7 2Q2015 : Passenger Revenues Contributed From Worldwide BA with no long-haul investment 19% KLM Jet Airways % Growth of Distribution channels New Codeshare EVA Airways 31% +32% Interline + Codeshare in 2H2015 Silk Air +13% BSP Agents Garuda Airways +5% GSA 23% 23% www.bangkokair.com 2Q2015 : The Rise of China Market

% Growth No. of Chinese Tourist Travelling In-Out Thailand +122% +105%

% Total Revenue Growth +92% Consistent with an increase in no. of from China Market Chinese tourist in-out Thailand, passenger +27% revenues of BA that contributed from China has grown up even though interline 1Q2014 vs 1Q2015 2Q2014 vs 2Q2015 & codeshare relationship has just started. 9 2H2015 : Contribution from Chinese Interline Partners

BA’s bright future in China mainland market by getting the great support from Chinese interline partners : , China Southern, , , Xiamen Airlines. %Growth of Net Passenger Revenue . 1Q2015 : +136% . 2Q2015 : +365% More Opportunity in the near future, BA will expand by . China Eastern : New Codeshare partner . Juneyao Airlines : New Interline partner

10 2Q2015 : Bring BA Brand Awareness Worldwide To create BA brand awareness by our delightful events in attractive destination i.e. Samui, plus to get involvement with both direct and indirect target audiences.

Queen’s Cup Samui Golf Event (June 2015) - Gain worldwide awareness by the press from all around the world to join the event.

Been selected by worldwide passengers and guaranteed by global standard award SKYTRAX: . The 2nd place World’s Best Regional Airline . The 2nd place Best Regional Airline Asia

11 1H2015 : BA Passenger Satisfaction BA 2H2014 BA 1H2015

Airliner Service Industry average score at 83.7% • Overall service satisfaction • Repeat purchase • Tendency to recommend Passenger Satisfaction Survey 1H2015 With the conduction of online survey during 1H2015 with 11,809 respondents. BA received Average score at 97.1 against Airline Service Industry average score at 83.712 New Routes Performance

13 New Routes Performance Analysis 5 new routes have increased Yield Growth.

Chiang Mai . – Udonthani . Chiang Mai – Phuket . Chiang Mai – Yangon New Routes Performance Improvement . Chiang Mai – Mandalay Comparison of Yield between 2014 vs 2015*

Bangkok Yield (THB per RPK) Launched Period % Yield Growth . – Chiang Rai Chiang Rai March 2014 +9% Chiang Mai (Domestic) Winter 2014 +14% Chiang Mai (International) Winter 2014 +7% *Remark : 2015 includes Jan-Jun (1H2015)

14 BA 2H2015 Moving Forward

15 2H2015: Advanced Booking Period of Travelling % Growth of Advanced Booking 3Q2015 +21% YoY 4Q2015 +10% YoY 1Q2016 onward +10% YoY

+19%YoY

Advanced booking is making vigorous progress. 16 2H2015 : BA Network Expansion

Expand BA network by increasing new codeshare Emirates Airlines contributes traffic from EU & Africa starting in August 2015 contributes traffic from Central Asia in August 2015 One European airline who will contribute traffic from Central EU in September 2015 Two Asian airlines who will contribute traffic from East Asia in Q4-2015 tentatively

Magnificent opportunity from partners’ aircraft up-gauged Qatar Airways up-gauges aircrafts starting from 16 September 2015 Current : 4 flights = 3 Boeing 777 and 1 Airbus 380. Up-gauge : 4 flights = 2 Boeing 777 and 2 Airbus 380 starts from 16 September 2015 Emirates Airlines up-gauges aircraft starting from 1 December 2015

Current : 6 flights = 3 Boeing 777 and 3 Airbus 380 17 Up-gauge : 6 flights = 2 Boeing 777 and 4 Airbus 380 2H2015 : Growth of Seat Capacity % Growth of Seat Capacity of Airline Partners In-Out 3 Key Gateways Great opportunity from continual growth of seat capacity of 22 airline partners in-out 3 key : Bangkok, Kuala Lumpur and Singapore, expected +26% in 2H2015

2H2015 : +26% 2H2015: Our Expansion Number of seats are deliberately increased to match high demand. % Seat Growth YoY • Phuket-Hat Yai • 4 flights per week from 11 Oct 2015 onwards • Build BA brand awareness among new target segment • +14% To increase aircraft utilization by supporting in-out Samui • +7% Adding flight frequencies of outstanding existing routes • Starting in Winter 2015 All Routes (Excludes Samui) Samui • Bangkok-Phuket: 8 to 9 flights daily • Samui-Phuket: 35 to 45 flights weekly • Samui-Singapore: 10 to 12 flights weekly • Samui-Hongkong: 2 to 3 flights daily (1 Feb 2016)

19 2H2015 : Fleet Plan Average of 3-4 aircraft per year 43 25 27 29 Remaining of 2015 Targeted Aircraft Leasing Structure : + 3 ATR 72-600 30-40% Operating Lease + 3 A319/320 60-70% Financial Lease Y2013 Y2014 1H2015 Y2018 27 29 25 ATR 72-600 1 2 2-Financial Lease

ATR 72-500 2-Financial Lease, 2-Operating 8 8 8 Lease & 4 Owned A320 7 8 8 8-Operating Lease A319 10 10 11 11-Operating lease Y2013 Y2014 1H2015 20 -Related Services

21 Airport Related Services : BAC

Bangkok Air Catering Co., Ltd. (BAC) 1 of 3 catering service providers at Airport (20 years Meal Uplifted (Million) Average Meal Per Day concessions) 27,612 4.4 5.0 21,545 25,105 24,290 BA hold 90% share 2.0 2.3 Current customers : 21 airlines and 4 2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 airline lounges

Revenue (MB) EBITDA Margin (%) 33% Net Income (MB) 29% 26% 29%

647 749 EBITDA (MB) 246 168 190 119 292 345 75 100 42 65

2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 23 Airport Related Services : BFS Ground

Worldwide Flight Services Bangkok Air Ground Handling Co., Ltd. (BFS Ground)

Revenue (MB) 1 of 2 international ground service providers at Flight Handled (Flights) Suvarnabhumi Airport (20 years concession) 27,984 28,418 996 1029 BFS Ground gains market share of 55% plus 13,266 14,071 464 515 Current customers : 64 airlines 2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 EBITDA Margin (%) 15% 15% Net Income (MB) 12% 9% 64 EBITDA (MB) 147 154 75 75 customers 61 44 60 13 23 customers 2Q2015 2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 2014 24 Airport Related Services : BFS Cargo

WFS-PG Cargo Co., Ltd. (BFS Cargo)

Capacity Utilization (%) Revenue (MB) 1 of 2 international ground service 66% 65% 66% 66% Cargo Handled (Ton) providers at Suvarnabhumi Airport (20 760 772 years concession) 388 395 Strategy of Fee Management was 2Q2014 2Q2015 1H2014 1H2015 applied to increase revenue EBITDA Margin (%) 45% 44% 44% Net Income (MB) 42% EBITDA (MB) 57 320 338 210 225 customers 116 116 54 174 173 2Q2015 customers 2014 2Q2014 2Q2015 1H2014 1H2015 2Q2014 2Q2015 1H2014 1H2015 25 Appendix

25 Appendix : Financial Highlights Revenue (MB) Net Profit (MB) 1,189 544 1,552871 1,337 269 269 401 619 613 115 752 122 8,830 9,607 3,797 4,070 205 2Q2014 2Q2015 1H2014 1H2015 102

Airlines Airports Airport-Related Services Unallocated Revenues 2Q2014 2Q2015 1H2014 1H2015 -321 22.9% EBITDA & EBITDAR (MB) 19.0% EBITDAR Margin (%) 11.6% 2,697 2,041 1,904 7.9% 1,111 367 206 593 -33 2Q2014 2Q2015 1H2014 1H2015

EBITDA EBITDAR 27 Appendix : Cost Structure

8 IR Team

28 Getting to know us!

Kasama Pakchuda Suwannachote Supanan Thassanasri (Ko) (Kib) Kaewmoracharoen (T.T.) T. +66 2 265 5955 T. +66 2 265 8796 T. +66 2 265 8797 Email: Email: Email: [email protected] [email protected] [email protected]

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