Eastern Water Resources Development

and Management PLC.

Opportunity Day

Venue SET Building, Room 1101

2009 Yearly Results

24 February 2010

Contents

Company Overviews

Operation Highlights

Financial Results

Future Investments

2

CSR Projects

33.26% of Net Profit and 26.82% of EBITDA increase in

Y2009(YoY)

Nongplalai - Maptaphut(Line3) pipeline, the construction was

started in 4Q/2009 and expected to complete the project in

2011

Prasae-Klongyai pipeline, the Cabinet had a resolution to

approve the budget payment for this project and the asset will

be delivered within 90 days after the agreement signing date

Dividend for 2009 operating results is Bath 0.35 per share,

interim dividend of Bath 0.10 per share paid on Sep 23, 2009

the remaining of Bath 0.25 per share will be paid on Apr 5,2010

Company Highlights

3

East Water Group Structure

Bangpakong Water Supply

Chachoengsao Water Supply

Nakornsawan Water Supply

Rayong Waterworks

Operations & Maintenance

Non Revenue Water

East Water

Koh Sichang, Lan, Samui Waterworks

Sattahip, Borwin Waterworks

Ratchaburi –SamutSonghram, Phuket

PWA 3 project : Omnoi, PathumThani

Bangpakong Water Supply

Chachoengsao Water Supply

Nakornsawan Water Supply

Rayong Waterworks

Non Revenue Water

East Water

Bangpakong Water Supply Co.,Ltd.

Chachoengsao Water Supply Co.,Ltd.

Nakornsawan Water Supply Co.,Ltd.

Rayong Waterworks

Non-Revenue Water

East Water

East Water

Universal Utilities : 100%

* THB 510 million

EGCOM TARA : 15.88%

* THB 345 million

Chonburi Waterworks

4

Nakhonsawan

Srichang Island

ChachoengsaoBangpakong

MWA

Group 1 Concession Contracts

Group 2 O&M Contracts

Sattahip

Group 3 NRW Contracts

Prathum-Rangsit (PWA)Omnoi-Sampran (PWA)

Samui Island

Rayong

Universal Utilities Co., Ltd. (UU)

Rachaburi-Samutsongkram BorwinLarn Island

Phuket

5

-

20

40

60

80

100

2006 A 2007 A 2008 A 2009 A 2010 E 2011 E 2012 E 2013 E

33 45 49 53

65 70 73 76

Forecasted

: Chonburi BOO Contract. (8.7 Million Cu.m/year) start in 2010: Tap Water Demand is calculated excluding O&M Contract

Tap Water Demand

Million Cubic Meter

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only

6

64

82 82

105

-

30

60

90

120

150

Net Profit

878

731 749

902

-

300

600

900

1,200

1,500

Revenue

Tap Water Revenue and Net ProfitMillion BahtMillion Baht

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only7

28.07% YoY20.37% YoY

Direction of Business Development

Concession O&M NRW Industrial

Water

UU

Water

Reclamation/

Waste Water

Core Business Potential Projects 8

Market Expansion

Government

Concession/O&M

PWA Municipality Sub-District

Organization etc.

Private Sector

Future Projects

Industrial Water Waste Water

Water Reclaim

Factory Industrial

Estate etc.

9

Contents

Company Overviews

Operation Highlights

Financial Results

Future Investments

10

CSR Projects

-

50

100

150

200

250

300

350

2006 A 2007 A 2008 A 2009 A 2010 E 2011 E 2012 E 2013 E

201 219 224 221

239 265

294 304

Raw Water Demand

Demand is expected to increase by the expansion of Domestic Consumption and

Petrochemical Phase 3

Forecasted

Million Cubic Meter

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only11

20.17

19.08

18.32

20.5719.54 20.27

19.2220.26

21.58

19.4520.39 20.34 20.33

10

12

14

16

18

20

22

24

26

28

30

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Mill

ion

s C

ub

ic M

eter

s

Actual 2010

Actual 2009

Plan 2010

17.7116.92

18.9917.89

18.24 17.57 18.3919.69

18.56 18.27 18.67 20.35

19.0818.32

20.5719.54 20.27

19.2220.26

21.58

19.4520.39

20.34 20.33

10

12

14

16

18

20

22

24

26

28

30

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Mill

ion

s C

ub

ic M

eter

s

Actual 2008

Actual 2009

Plan 2010

10.52% YoY 7.51% YoY 4.89% YoY 10.47% YoY

Raw Water Volume in 2009 drop by 1% ,YoY due to the financial crisis

Raw Water Volume in 2010 is expected to increase by 8%, YoY

+ 17.29%

YoY

12

Reservoir Storage as of Feb 15, 2010

0

20

40

60

80

100

120

140

อา่งฯบางพระ

52%

0

10

20

30

40

50

60

70

80

อา่งฯดอกกราย

0

3

6

9

12

15

18

21

24

อา่งฯหนองคอ้ 0

20

40

60

80

100

120

140

160

180

อา่งฯหนองปลาไหล

86%60%76%

0

25

50

75

100

125

150

175

200

225

250

275

อา่งฯประแสร์

83%

0

5

10

15

20

25

30

35

40

45

อา่งฯคลองใหญ่

76%

Bangphra Nongkoh Dokkrai Nongplalai

Phrasae

Khlong yai

ChonburiRayong

61.04

117

12.74

21.453.94

71.4

140.84

163

30.51

40.1

206.7

248

Existing Pipe Network

Potential Pipe Network13

14

1515

P

Maptaphut Industrial Estate

New pipeline will support water demand in 10 years

Laying pipeline from Nongplalai to Maptaphut area

diameter 1,400 mm. approx. 30 km.

Additional pipeline to AIE and constructing new

pumping station

Total investment 2,111 MB

Construction Period 2009-2011

Prasae-Klongyai (RID)

Laying pipeline approx. 30 km.

NongPlaLai-Dokkrai- Maptaphut Line 3

NongKho

NongPlaLai

DokKrai

BangPra

KlongYaiPrasae

16

Pipeline linkage

Pumping

station

Prasae-Klongyai connecting pipeline project

KlongYai Prasae

NongPlaLai

Constructing Pipe Network

Pumping station

In Aug 2005, assigned by the Cabinet

to be responsible for the 31.8 km.

Prasae-Klongyai Pipeline project

(1,680MB) to supply water to

Maptaphut area

Completed construction, on 14 July

2009 the Cabinet assigned RID to

manage the procurement process for

this project

On 1 Dec 2009, the Cabinet had a

resolution to approve the budget

payment for this project

The agreement had been signed on

15 Jan 2010,the asset will be

delivered within 90 days

Prasae-Klongyai Pipeline Linkage Project

17

Contents

Company Overviews

Operation Highlights

Financial Results

Future Investments

18

CSR Projects

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Other Income Service & Rental Income Tap Water Raw Water

2,505 2,4172,502

2,879

56%

14%

20%

10%

66%

20%

10%4%

66%

22%

8%4%

66%

22%

10%2%

Source of Revenue

19

Million Baht

Revenue(MB) Y2008 Y2009 %

Raw Water 1,658 1,904 15%

Tap Water 561 636 14%

Service & Rental Income

192 282 47%

Other Income 91 56 39%

Total Revenue 2,502 2,879 15%

15.07% YoY

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only

201.37

219.10223.86 221.27

-

50

100

150

200

250

300

Raw Water Volume and Sales

Million Cubic Meter

1,397

1,588 1,658

1,904

-

500

1,000

1,500

2,000

2,500

Million Baht

14.86% YoY1.16% YoY

Raw Water Volume Comparison Raw Water Revenue Comparison

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only20

32.53

45.34

49.45

53.04

-

10

20

30

40

50

60

70

Million Cubic Meter

355

488

561

636

-

100

200

300

400

500

600

700

800

Million Baht

Tap Water Volume and Sales

13.45% YoY7.26% YoY

Tap Water Volume Comparison Tap Water Revenue Comparison

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only21

Raw Water Revenue and Costs Breakdown

1,397

1,588 1,6581,904

COGS Rev

Millio

n Ba

ht

Raw Water

Staff Cost

Electricity

Depreciation

Others

Y2009

Y2008

40% 38%39% 43%

Revenue & COGS of Raw Water (Consolidated F/S) COGS of Raw Water Breakdown (Consolidated F/S)

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only22

505 432606

807796 764 913

1,250 1,061 1,1331,264

1,603

-

500

1,000

1,500

2,000

Net Profit EBIT EBITDA

East Water Group Performance

Million Baht

33.26%

YoY

26.82%

YoY

36.21%

YoY

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only23

Financial Structure of East Water

1.17

0.66

0.53

0.44

0

0.25

0.5

0.75

1

1.25

Tim

es

24

1.01

0.55

0.48 0.35

0

0.25

0.5

0.75

1

1.25

Tim

es

Consolidated D/E Ratio Separated D/E Ratio

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only

Dividend Policy

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.25 0.25 0.25 0.35

EPS DPS

Baht/

Sha

re*

• Adjusting figure for comparison purpose of par split from 10 to 1 Baht/share since May 2005• Interim dividend of Bath 0.10 per share, which was paid on Sep 23, 2009 • The remaining dividend for 2H/2009 operating results is Bath 0.25 per share, record date on Mar 25, 2010 paid date on Apr 5,2010

0.39

0.33

66% 78%

25

0.35

68%

0.49

71%

Consolidated Financial Ratio

26

52.11%56.27% 54.24%

58.81%

20.14%17.87%

24.22%

28.04%

11.70%8.15%

10.05%12.96%

5.46% 4.39% 6.31%8.73%

0%

10%

20%

30%

40%

50%

60%

70%

GPM (%)

NPM (%)

ROE(%)

ROA(%)

1.17

0.66 0.530.44

0.00

0.50

1.00

1.50

2.00

D/E (times)

* Remark : All the figures above were adjusted to the new fiscal year(1 Jan – 31 Dec) for comparison proposes only

Source of Funds

Source of LoanAmount

(MB)

Outsta-

nding

Tenor

(years)

Rate

2005-2007

Rate

2008-2009

Rate

2010-2011

Long-Term Loan from KTB

- Tranche A

- Tranche B

1500

500

-

-

7

7

4.5*

4.5*

4.5*

4.5*

MLR-0.75

MLR-0.75

Source of LoanAmount

(MB)

Outsta-

nding

Tenor

(years)

Rate

2007-2009

Rate

2010-2011

Rate

2012-2013

Long-Term Loan from KTB

- Tranche C 1500 1350 7 4.8 MLR-1.75 MLR-1.50

Source of LoanAmount

(MB)

Outsta-

nding

Tenor

(years)

Rate

2009

Rate

2010-2013

Rate

2014-2016

Long-Term Loan from KBANK

-Tranche A 1000 - 7 MMR MLR-1.75 MLR-1.50

Source of LoanAmount

(MB)

Outsta-

nding

Tenor

(years)

Rate

2009-2012

Rate

2013-2015

Rate

2016-2018

Long-Term Loan from GSB

-Tranche A 1700 - 10 3.5 MLR-2.25 MLR-2.00

* New interest rate be adjusted down from 6% and MLR-1.5% for KTB Long-Term Loan in Tranche A and B respectively, to 4.5% from July 2007 to Oct 2010

** Information as above is based as of December 200927

Contents

Company Overviews

Operation Highlights

Financial Results

Future Investments

28

CSR Projects

Waterworks Projects

•Existing Contract Expansion

•Chonburi Project

•Industrial water / Wastewater Projects

Raw Water Projects

1. Pipeline Expansion

• NongPlaLai-MapTaPhut 3

• Improvement Dokkrai Pumping Station

• Nongplalai-NongKho Pipeline Expansion

• NongKho-Leamchabang Pipeline

Expansion

2. Alternative Water Resources

• Private Pond

• Off-Stream Reservoir

3. Monitoring Project

• Southern Seaboard Project

Future Projects

29

Special Projects Biofuel

•Mini Hydro Turbine Generator Project

(Prasae Reservoir, Nongplalai-Nongkho

Pipeline)

•Expand to Regional / SE Asia

Indicative East water Group’s Capital Expenditure

Projects

Total

MB

2010

MB

2011

MB

2012

MB

2013

MB

2014

MB

Raw Water Projects

(Existing Cap. Enhancement)3,500 1,700 1,300 100 400 -

Tap Water Projects 5 5

Total Capital Expenditure , 5 , 5 ,

30

Unit : Million Baht

Contents

Company Overviews

Operation Highlights

Financial Results

Future Investments

31

CSR Projects

Corporate Social Responsibility(CSR)

We are proud to be a member of the Eastern Seaboard

Communities. Every year we allocate around 5% of Net

Profit to bring Quality of Life and Environment Care to

Communities in Eastern Seaboard

32

CSR Strategy and Policy

To improve Quality of life of communities

to have clean water for consumption

Collaboration with communities to care of

water resources and environment

Focus on development potential of youth

in the our service areas

To promote knowledge and awareness of

water conservation and water care

33

CSR Project

34

Thank Youwww.eastwater.com