1

Opportunity day 2018

Agenda

2Innovative Logistics Service and Solution Provider

Highlights 2018

II. 2018 Financial Performance

III.Business Outlook for 2019

3Innovative Logistics Service and Solution Provider

Agenda

Highlights 2018

II. 2018 Financial Performance

III.Business Outlook for 2019

Agenda

WICE Overview

4Innovative Logistics Service and Solution Provider

WICE Logistics Public Company Limited was establishedin 1993.

The Leader of total logistics service and solution provider.

WICE provides worldwide Sea Freight , Air Freight ,Logistics services and Cross Border Services

WICE has a strong global network and is a trustworthy pick of customers and partners.

5 Facilities in Thailand.4 Oversea offices: Singapore , Hong Kong ,

Shanghai and Guangzhou.

5

Group StructureWICE Services

SEA Freight AIR Freight Logistics services Cross Border Services

Customs Brokerage

Transportation & Yard

Warehouse

Innovative Logistics Service and Solution Provider

6Innovative Logistics Service and Solution Provider

Revenue by Segments

Air Freight 45%

Sea Freight 33%

Logistics services 19% Cross Border Services

3%

7Innovative Logistics Service and Solution Provider

WICE Logistics Public Company Limited.

(Capital 325 million baht )

Sun Express (Thailand) Co., Ltd WICE Logistics (Singapore) Pte. Ltd. WICE Logistics (Hong Kong) Ltd.

Guangzhou WICE Logistics Ltd.

Guangzhou WICE Logistics Ltd. (Shanghai Branch)

Euroasia Total Logistics Co., Ltd.

(Joint Venture)

ETL MY

ETL VN

ETL CN

Group Structure

99.99% 70% 80% 40%

Group Structure

8Innovative Logistics Service and Solution Provider

Group StructureRevenue by Country

WICE TH47%

WICE-SG27%

WICE HK25%

ETL1%

WICE TH65%

WICE-SG35%

2018 2017

9

Joint Venture –EUROASIA TOTAL LOGISTICS CO., LTD. (ETL)

Capital 70,000,000 Baht WICE Invested 40%

Cross Border Services▪ Between Singapore, Malaysia, Thailand, Laos,

Vietnam, and China▪ To synchronize with “One Belt One Road”

Innovative Logistics Service and Solution Provider

Highlights 2018

10

New Warehouse(Include total Logistics Service )

▪ 17,600 SQM.▪ Location :Bang Phra, Si Racha District, Chon Buri

▪ Provide storing services for raw materials such as Solar Cells and Metal sheets Etc.

▪ Chinese customers

Innovative Logistics Service and Solution Provider

Highlights 2018

11Innovative Logistics Service and Solution Provider

Adding 5 more tow truck to support the expanding of logistics services in laem-chabang and near area.

Highlights 2018

12Innovative Logistics Service and Solution Provider

Agenda

Highlights 2018

II.2018 Financial Performance

III.Business Outlook for 2019

Agenda

13Innovative Logistics Service and Solution Provider

610.64

854.74

366.73

18.00

1,850.11

635.03

465.59

295.75

5.96

1,402.33

0.00

200.00

400.00

600.00

800.00

1,000.00

1,200.00

1,400.00

1,600.00

1,800.00

2,000.00

Sea Freight Air Freight Logistics Other Income Amount

2018 2017 Unit : MB

Revenue (MB) 2018 2017 +/-

Sea Freight 610.64 635.03 -3.84%

Air Freight 854.74 465.59 83.58%

Logistics 366.73 295.75 24.00%

Other Income 18.00 5.96 201.95%

Amount 1,850.11 1,402.33 31.93%

Sea Freight, 610.64,

33%

Air Freight, 854.74,

46%

Logistics,

366.73, 20%

Other Income, 18.00,

1%

2018

Sea Freight, 635.03,

45%

Air Freight, 465.59,

33%

Logistics,

295.75, 21%

Other Income,

5.96, 1%

2017

2018 Financial Performance -Revenue

14

133.58

173.53

70.29

377.40

171.31

135.12

35.66

342.09

0.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00

400.00

Sea Freight Air Freight Logistics Amount

2018 2017

Gross Profit (MB) 2018 2017 +/-

Sea Freight 133.58 171.31 -22.02%

Air Freight 173.53 135.12 28.43%

Logistics 70.29 35.66 97.11%

Amount 377.40 342.09 10.32%

Gross Profit Margin 2018 2017 +/-

Sea Freight 21.88% 26.98% -5.10%

Air Freight 20.30% 29.02% -8.72%

Logistics 19.17% 12.06% 7.11%

Amount 20.60% 24.50% -3.90%

Unit : MB

2018 Financial Performance –Gross Profit

15Innovative Logistics Service and Solution Provider

96.1989.70

0.00

20.00

40.00

60.00

80.00

100.00

120.00

2018 2017

PL2018 2017 +/-

Net Profit (MB) 96.19 89.70 7.24%

Net Profit Margin 6.15% 7.67% -1.52%

Unit : MB

2018 Financial Performance –Net Profit

16Innovative Logistics Service and Solution Provider

2018 Financial Performance –Statement of Financial Position

1,419.80

462.61

957.191,103.82

204.06

899.77

0.00

200.00

400.00

600.00

800.00

1,000.00

1,200.00

1,400.00

1,600.00

Assets Liabilities Shareholders'Equity

BALANCE SHEET UNIT : MB31-12-2018 31-12-2017

Balance Sheet Unit : MB 31-12-2018 31-12-2017 +/- %

Assets 1,419.80 1,103.82 315.98 28.63%

Liabilities 462.61 204.06 258.56 126.71%

Shareholders'Equity 957.19 899.77 57.42 6.38%

17Innovative Logistics Service and Solution Provider

3.553.99

2.24

0.00

1.00

2.00

3.00

4.00

5.00

2016 2017 2018

CURRENT RATIO (TIMES)

0.24 0.23

0.48

0.00

0.20

0.40

0.60

2016 2017 2018

DEBT / EQUITY RATIO (TIMES)

11.28% 12.07%

7.62%

0.00%

5.00%

10.00%

15.00%

2016 2017 2018

RETURN ON ASSETS (ROA)

11.20% 11.27%10.36%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

2016 2017 2018

RETURN ON EQUITY (ROE)

2018 Financial Performance –Financial Ratio

18Innovative Logistics Service and Solution Provider

Agenda

Highlights 2018

II. 2018 Financial Performance

III.Business Outlook for 2019

Agenda

19Innovative Logistics Service and Solution Provider

Business Competency

• Sea Freight

• Air Freight

• Customs Broker

• Transportation

Related Business Expansion

• Warehouse andDistribution

• Supply Chain Management

• Cross Border Service

Organic Growth

M&A (Merger & Acquisition)

JV (Joint Venture)

Inorganic Growth

Growth Strategy

20

• Growth 25%

• 2019 Revenue to 2,250 MB.

• Net profit margin 6%

2019 Business Projection

Innovative Logistics Service and Solution Provider

21

Key Business Drivers

Innovative Logistics Service and Solution Provider

▪ Cross Border Services

Providing Full Truck Load transport services from Thailand-Myanmar

Providing Full Truck Load transport services from Thailand-China

22

Key Business Drivers

Innovative Logistics Service and Solution Provider

▪ Expand the China market

- WICE HK Joint venture with Chinese partners- Set up a new company “WICE Logistics (Shenzhen) Company Limited” (“WICE SZ”)

- Capital: RMB 2,000,000

- Investment Proportion : WICE HK invested a total of RMB 1,400,000 or 70%Chinese partners invest RMB 600,000 or 30%

- To operate the international transportation and logistics business In Shenzhen and southern China

• WICE HK also entered into a contract to purchase business with Universal Express Star Company Limited. (UES)worth RMB 6,000,000

• UES transfer all businesses to a new company that is a joint venture after its completion.

23

Key Business Drivers

Innovative Logistics Service and Solution Provider

▪ Business Collaborative Logistics Network

Air Freight

Focus on China &Hong Kong

Market

Logistics Network

ExportImport

Sea Freight

Customer

Cross Border

Services

Synergize in Group Network WICE TH-WICE SG-WICE HK&CN- ETL

Total Logistics Service and Solution Provider24

Building WICE to be the Leading of International Logistics Service and Solution Provider in Asia

Innovative Logistics Service and Solution Provider

Ultimate Growth –WICE ASIA

WICE Logistics Public Company Limited

25

Q & A