THAICOM Public Company Limited Contact Us: Investor Relations – Thaicom PLC. +66 (0) 2596 5072 to 73 Ken Streutker – [email protected] Rahttiya Jinsirivanich – [email protected] Disclaimer This document contains certain forward-looking statements. They refer to future events and to the future financial performance of the Companies. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” or “continue”. Although the Companies believe that the expectations reflected in such forward-looking statements are reasonable at this time, it is not intend to give assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. 1-Jul-13 2 Our Vision: “To be a Leading Asian Satellite Operator” 1-Jul-13 3 His Majesty King Bhumibol Adulyadej of Thailand officially opened the Thaicom Satellite Station on 17th December 1991. Our Company • Thaicom Public Company Limited (formerly named Shin Satellite) was founded on 7th November 1991, part of Shin Corporation (INTOUCH Group) • His Majesty King Bhumibol Adulyadej of Thailand graciously named the first national communications satellite, “THAICOM” which stands for “Thai Communications”. 1-Jul-13 4 Shareholding Structure Aspen Holdings Ltd. Cedar Holdings Ltd. (Temasek Holdings) 13.35% 41.62% Shin Corporation Plc 1),2) 40.45% 41.14% 52.92% 99.96% 99.99% I.T. Applications 2) 2) and Services Co., Advanced Info ITV Plc Matchbox Co., THAICOM Plc Ltd. Service Plc 2) Ltd. DTV Service Co., Ltd. 99.99% Shennington Investments Pte Ltd. 51% 1) CS LoxInfo Plc 2) 42.07% IPSTAR Co., Ltd. 99.96% 1) Holding Company Cambodian DTV Network Ltd. 100% 2) Listed Company on the Stock Exchange of Thailand 1-Jul-13 5 Our Business Conventional Satellite Broadband Satellite Regional Mobile Phone Internet and Media 1-Jul-13 6 Our Satellite Fleet Thaicom 1 Launched: 1993 De-orbited: 2010 Thaicom 4 Thaicom 5 Thaicom 2 Launched: 2005 Launched: 2006 Launched: 1994 De-orbited: 2010 Thaicom 3 Launched: 1997 De-orbited: 2006 Our Capacity 4th Largest Satellite Operator Globally (1st in Asia Pacific) TC-6 TC-7 1-Jul-13 8 Our Satellite Footprints Complement each Other across 4 Continents T4 T5 T6* T7* 119.5°E 78.5°E 78.5°E 120°E T5 T4 C Ku C Ku C Ku C Ku T5 T4 T5 T5 T7 Indochina - - T5 T6 T5 T4 SEA - - - - - T6 T7 South Asia - - - - - T5 T6 North Asia - - - - - - T4 Australasia - - - - - T4 ME, Africa - - - - - - T5 T7 Remark: *new satellites T4 1-Jul-13 9 Our Positioning: Unique Value Proposition Broadcast Services Broadband Services Reach 1.5 billion viewers in Indochina The first and only High Throughput Satellite & South Asia (HTS) satellite in Asia Pacific 460+ neighborhood channels from Most experienced broadband satellite Indochina & South Asia on TC-5 operator in the world End-2-end, Turn-key solutions Presence and landing rights in 13 countries 20 years of track record of quality in Asia Pacific with 10 regional offices service Most cost effective broadband satellite solution in the target market 1-Jul-13 10 Our Services: Broadcast 1-Jul-13 11 Conventional Satellite: THAICOM-5 @78.5E Asia’s “Hot Bird” for Satellite TV Platform • Cover 120+ countries in Asia, Australia, Africa & Europe • 460+ TV channels (24 HD channels) • >14 million households in Thailand • No.1 in Thailand and Indochina countries • One of the key players in South Asia and more… 1-Jul-13 12 Conventional Satellite: Key Market Segments Broadcasting Telecommunication “National TV Broadcast” “Cellular Backhaul” “Direct-to-Home” “VSAT” “Video Distribution” “Government “Distance Learning” Communications” “HDTV” 78.5°E – the prime orbital slot for Satellite TV platform 1-Jul-13 13 THAICOM-6 @78.5E Marketing plan Broadcasting 1st African Customer Broadcasting Teleport Partners Telecommunication 1-Jul-13 14 THAICOM-7 @120E Marketing Plan Telecommunication Broadcasting 1-Jul-13 15 Our Services: Broadband 1-Jul-13 16 Broadband Satellite: THAICOM-4 (IPSTAR) @119.5E The first and only High Throughput Satellite (HTS) in Asia Pacific Presence in 13 Countries & 17 Gateways 1-Jul-13 17 IPSTAR Key Market Segments Telco Backhaul & Government/USO* Disaster Enterprise Program & Retail Management Market “Cellular Backhaul” “Disaster Recovery “e-Government” “Femtocell” Communications” “Distance Learning” “Rural Telephony” “Emergency “National Communications” “Corporate Broadband Networks” Network” (*Universal Service Obligation) 1-Jul-13 18 Our Market Share Number 1 in Global Market Share of Leased High Throughput Satellite (HTS) Capacity by Northern Sky Research NSR Report, Oct 2011 NSR Report, Sep 2012 ViaSat ViaSat Thaicom 26% Thaicom 16% 18% 24% Hughes Others Hughes 13% 3% 11% Ciel Satellite Telesat Others Ciel Satellite Communications 19% 34% Communications 13% 23% Source: Northern Sky Research Remarks: Expect a close race with ViaSat in 2012 ranking as ViaSat-1 satellite has become commercially operational in the US since Jan 2012 1-Jul-13 19 Our Performance 1-Jul-13 20 Overall Performance THCOM share performance relative to Thailand SET % Growth 2008 – 2013 % Revenue break up 2008 vs. 2012: Core satellite business contribution to revenue is increasing THCOM ↑ 309.1% SET ↑ 88.36% SET Index: 1,471.58 Telephone* 2012 Satellite 9.7% 86.4% 237 MUSD Internet & Media 3.9% THCOM Share Performance: Overview Share price*: 34.00 Bht or ̴ 1.11 USD Diluted Shares 1.096 billion Outstanding: Telephone* Market Cap: 37.26 billion Bht or ̴1.22 billion USD 2008 BV/share 12.85 Bht or ̴ 0.42 USD 11.5% PBV 2.64 Satellite 187 MUSD 79.7% Internet & Media *As at 17 June, 2013 8.8% 1USD = 30.65 THB * Excluding revenues from discontinued operation (Mfone) 1-Jul-13 21 Start 2013 with strong net profit Consolidated 237.06 Sale & Services Revenues 216.12 Unit: MUSD 14% Revenues grew 9.7% 187.54 188.16 191.13 14% in Y2012 mainly from Satellite business 20% 22% 22% Dividend paid 0.013 60.10 USD/share, or 253% Others 13% to conso. Net Profit Satellite 80% 78% 78% 86% 86% 87% 20082008 20092009 20102010 20112011 20122012 1Q1Q1313 Net Profit 10.77 Unit: MUSD Net Profit significantly 5.68 0.011 grew in 1Q13 0.005 2008 2009 2010 2011 2012 1Q13 No more losses from EPS (USD) (0.014) (0.014) (0.021) (0.023) discontinued Mfone -15.37 -15.99 -23.23 -25.74 1-Jul-13 22 Strong Satellite performances from integrated strategies Satellite Revenues Unit: MUSD 204.86 185.45 149.53 147.01 150.02 54% 54% 50% 48% 51% 52.27 IPSTAR 46% 50% 52% 49% 46% 54% Conventional 46% 20082008 20092009 20102010 20112011 20122012 11QQ1313 103.26 Satellite EBITDA 86.26 Unit: MUSD 46.26 53.34 50.31 50% 47% 49% 25.22 36% 34% EBITDA Margin 31% 2008 2009 2010 2011 2012 1Q13 1-Jul-13 23 Consolidated revenues by country 2012 2011 Unit: MUSD +6% %Total revenues break up by country 0.53 0. 50 China Others +22% 16% +4% 20 25 -5% Thailand Australia 2012 99..99 10.4 Lao PDR 29 27 44% 27 15% India +16% Japan 242 MUSD* Japan 106 91 11% Lao PDR India Thailand 10% 4% *Include other income and FX gain/loss +12% o New Zealand o Myanmar -1% 35 39 o Malaysia 35 35.5 o Philippines 35.3 Others o Indonesia o Vietnam Australia 1-Jul-13 24 Cash balance remains good on continuing strong operational performance Unit: MUSD Strong ending cash after repayment of D/E Ratio at 0.51x debenture Equity Conso. CF 2010 2011 2012 1Q13 459.70 CF from 59.87 99.12 114.49 30.18 Operating Assets* CF from Liabilities** (18.63) (77.29) (61.04) (6.36) 698.18 Investing 101.01 CF from (25.64) 30.38 (72.66) 0.82 Financing Interest bearing debt Cash Ending 41.47 93.51 74.00* 98.08 235.53 Cash *After the debenture of 107.67 MUSD was paid 98.06 entirely in November 2012. * Exclude Cash ** Exclude Interest-Bearing Debt 1-Jul-13 25 Our Future: Expand resource for future growth TC-7 @120°E TC-6 @78.5°E TC-5 @78.5°E TC-3 @78.5°E de-orbited TC-2 TC-1A @78.5°E @120°E de-orbited de-orbited TC-4 “Follow-on satellite systems @119.5°E to ensure long term viability” 1-Jul-13 26 Appendix 1-Jul-13 27 Our Vision To be a Leading Asian Satellite Operator 1-Jul-13 28 Our Mission Core Theme for 2013 Sustainable & Profitable Growth Sustain growth and return profit to shareholders Develop innovative solutions and new markets Enhance company reputation among all stakeholders Create a Great Workplace and High Performance Organization 1-Jul-13 29 Our Capability Number 7 in the World (2nd in Asia Pacific) in 2012 Fast Twenty Ranking by World Teleport Association THAICOM Teleport and DTH Center • Located at “Lad Lum Kaew, Pathumthani, Thailand” (since 1996) • The World’s first ISO 9000 certified operator for satellite and teleport services • Equipped with world class facilities 1-Jul-13 30 Our Customers in 20+ Countries India Nepal Myanmar China Korea Pakistan Japan Sweden Vietnam Israel Laos Egypt Thailand Philippines Somaliland Cambodia Maldives Malaysia Indonesia Australia New Zealand 1-Jul-13 31 Our Management System Organization Succession Corporate Social Structure Plan Responsibility Product-based All key Value-based CSR to Functional- Corporate positions based Culture High Strategic Performance Organization Professional & Operational & Managerial Financial Risks Corporate Governance Risk Talent Management Development Transparent & Auditable 1-Jul-13 32 Our Strategies: Short Term Plan Strategic Partnerships IPSTAR Focus Conventional Focus End-to-End Services System Integration 1-Jul-13 33 Our Strategies: Long Term Plan Upstream Expansion Downstream Expansion Fleet Expansion Broadcast Broadband Integrated Solutions 1-Jul-13 34 Broadcast Services THAICOM (Conventional) 3.