Analysts and Investors Quarter 3/2020 Thai President Foods Public Company Limited

Thai President Foods Public Company limited

ANALYSTS AND INVESTORS QUARTER 3/2020 THAI PRESIDENT FOODS PUBLIC COMPANY LIMITED

Head Office : 304 Srinakarin Rd, Huamark, Bangkapi Symbol : TFMAMA Bangkok 10240 Industry : Agro & Food Industry Telephone : 0-2374-4730 Fax. 0-0-2374-7743 Sector : Food & Beverage Website : http://www.mama.co.th Establish Date : 16 October 2017 Investor : [email protected] CG Score :

Core Business

The Company manufactures and distributes instant noodles and semi-finished food products process from rice such as Instant Rice Vermicelli, Instant Rice Noodles, Porridge, Rice Soup and Instant fried Rice under “MAMA” brand which has been well-known and accepted among consumers for over 48 years and had the leading market share in domestic market. As for the international market, products are exported under the brand of “MAMA, RUSKI, MENDAKE, MAMY, PAPA, PAMA and HANDI RICE” etc., The Company has also been hired to produce instant noodle for several leading manufacturers in Europe, the United States and Australia for exporting. In addition, manufactures and distributes Biscuit products under the brand of “Bissin” and “Homey”, developing new products to suit local consumer tastes, such as biscuits, wafers, crackers in a variety of flavors.

History

Thai President Foods Plc. (“TFMAMA”), the Company was formed as a result of the amalgamation in accordance with the Public Limited Companies Act B.E. 2535, as amended, between Thai President Foods Plc. (“TF”) and President Rice Products Plc. (“PR”), and has registered with Ministry of Commerce to on October 16, 2017, there are 5 plants located in Chonburi, Lamphun and two in Ratchaburi provinces, and received the international standard certificates : ISO 9001: 2008, ISO 14001: 2004, OHSAH 1800: 2007, HACCP, GMP and BRC etc. The Company consists of 11 Subsidiaries and 6 Associated Companies, operating the business of Bakery, Foods, Fruit Juice, Raw Material, Packaging and Investment business.

Operation Result (F/S Year ended 31 December) (Unit :Million Baht) Top 5 Major Shareholders (As of 1 October 2020) Statement of Financial Position 2018 2019 9M/2019 9M/2020 1. SAHA PATHANA INTER-HOLDING PLC. 25.38% Assets 30,842 34,253 33,714 36,784 COMPANY2. NISSIN FOODS LIMITED HOLDINGS CO., LTD. 16.84% Liabilities 4,019 4,209 4,93124 4,694 1 4 3. Mr. PIPAT PANIANGVAIT 6.73% Paid-Up Capital 330 330 330 330 4. Mr. WEERAPAT PUNSAK-UDOMSIN 6.63% Q1/2020 Shareholders’ Equity 20,900 23,392 22,417 24,945 5. NOMURA SECURITIES CO LTD-CLIENT A/C 3.18% Comprehensive Income 2018 2019 9M/2019 9M/2 020 Total Revenues 23,101 25,009 Q118/2,638019 Q1/2 18,499020 Total Shareholders 2,987 Cost of Sales 14,528 15,301 11,4 002 11,182534 Free Float (As of 1 July 2020) 24.73 % EBITDA 6,171 7,086 5,255 5,520 Q1/20201 Net Profit 3,404 3,943 2,904 3,135 Board of Directors (As of 30 November 2020)

Earnings per Share (Baht) 10.33 11.96 8.81 9.51 1. Mr. BOONSITHI CHOKWATANA CHAIRMAN OF THE BOARD Financial Ratio 2018 2019 9M/2019 9M/2020 2. Mr. PIPAT PANIANGVAIT CHIEF EXECUTIVE OFFICER Gross Profit (%) 35.25 36.25 Q1/236.03019 Q1/2 37.02820 VICE CHAIRMAN OF THE BOARD Net Profit (%) 14.74 15.77 15. 58 16.95 3. Mr. SUCHAI RATANAJIAJAROEN VICEbBO CHAIRMANARD OF THE BOARD ROE (%) 16.70 17.80 17.87 17.63 4. Mr. POJ PANIANGVAIT PRESIDENT / DIRECTOR Q1/2563 ROA (%) 16.41 18.08 17.38 17.40 5. Mr. KAMTHORN TATIYAKAVEE DIRECTOR Current Ratio (Times) 4.46 4.63 3.89 4.61 6. Mr.K KAMTHORNAPICHART THAMMANOMAI DIREDIRECTORCTOR D/E (Times) 0.19 0.18 0.22 0.19 7. Mr. BOONCHAI CHOKWATANA DIRECTOR Statistics 8. Mr. VATHIT CHOKWATANA DIRECTORDIRECTOR Closing Price (As of 30 November 2020) 193.00 Baht 9. Miss POJJANA PANIANGVAIT DIRECTORDIRECTOR Market Cap (As of 30 November 2020) 63,633 Million Baht 10. Mrs. ORATHAI THONGMEEARKOM DIRECTOR Baht 2018 2019 9M/2019 9M/2020 11. Mrs. KULPATRA SIRODOM INDEPENDENT DIRECTOR/ Par Value (Baht) 1.00 1.00 Q1/12.00019 1.009 CHAIRMAN OF THE AUDIT Closing Price (Baht) 160.00 183.00 180.50 Q119/72.02050 COMMITTEE (MB.) 12. Mr. CHAIWAT MARAPRYGSAVAN INDEPENDENT DIRECTOR/ Market Cap 52,753 60,336 59,512 65 ,117 ลP/EP (Times) 16.73 15.54 16.04 15.32 AUDIT COMMITTEE P/BV (Times) 2.51 2.69 2.69 2.62 13. Mr. KANICH PUNYASHTHITI INDEPENDENT DIRECTOR/ Dividend Yield (%) 1.02 2.14 2.17 2.26 AUDIT COMMITTEE Dividend Payout (%) 37.95 37.29 N/A N/A 14. Miss SUWIMON KEERATIPIBUL INDEPENDENT DIRECTOR Turnover Ratio (%) 1.62 0.83 0.23 0.72 15. Mrs. TONGURAI LIMPITI INDEPENDENT DIRECTOR Source : SETSMART 1

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Dividend Policy No less than 50 per cent of the net profit based on the Company’s separated financial statements

4 TF News update in 2020

18 September 2020

19 November 2020

5 Price Performance