2 Q 1 8 & 1 H 1 8

S U M M A R Y

SPA

3

Agenda1. Company Overview

2. Company Performance

3. Future Outlook

4

Executive Summary

2Q18 Revenue grows +18.3% Y-Y and 2Q18 Net profit grows 20.0% Y-Y, whereas 1H18 Revenue grows +20.9% Y-Y and 1H18 Net Profit grows +22.3% Y-Y.

Key Development: • Expand to Cambodia under franchise agreement (Phnom Penh 3 Branches)• Expand to China under franchise agreement (Qingdao and Tianjin)

Future: 4 Growth Pillars• Organic Growth • Spa Operating in Hotel• Spa Products• Spa Expansion Overseas.

Strong demand from foreign & domestic customer with average 1H18 Utilitization Rate of 86%

5

CompanyOverview

6

SWR

(massage school)

(hotel & food)SWE

Spa

SPA is the first full-scale spa company to listed on maiwith the most comprehensive services and most number of branches.

SWL(spa products)

7

5-Stars SpaInnovative Wellness Spa

Avg. Spend = 2,000 THB/paxCAPEX 25 million THB/branch

3 Branches Thailand

4-Stars SpaBoutique Day Spa

Avg. Spend = 1,050 THB/paxCAPEX 15-20 million THB/branch

27 Branches Thailand

4 Branches Overseas

3-Stars SpaNeighborhood Massage & Spa

Avg. Spend = 500 THB/paxCAPEX 10million THB/branch

11 Branches Thailand

TOTAL 45 BRANCHES :

8

SPA’s branches are located in most strategic locations

1998 2003 2004 2006 2008 2011 2013 2014 2015 2016 2017

BRANDS BANGKOK UPCOUNTRY OVERSEASRarinJinda 2 1 Let’s Relax 12 15 4Baan Suan 8 3

1

1 22

22

3

3

24 4 4 6

810

14

4 8

19

1 2 4 5 68

1012

21

31 3

27

41

11

1Q18 2Q18

3

28

42

11

3

31

45

11

QINGDAO

9

CompanyPerformance

10

Great Tourism YearTourist Arrivals to Thailand

Source: Department of Tourism, Ministry of Tourism and Sports.

5

10

15

20

25

30

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018Coup Airport

Closure

Tourist Arrivals in 1Q18 grows 16% YoY

* 1H18 Revenue from tourist is 1.02 trillion bahts (growth of 16%)

H1N1Spread

Flood PolicalProtest

SinkShip

Coup Bomb King’sDeath

Zero-ToursCrackdown

11.613.8

14.5 14.614.1

15.9

19.1

22.3

26.524.8

29.832.6

9.01Q16

7.62Q16

8.23Q16

7.84Q16

9.191Q17

8.132Q17

8.783Q17

19.48

35.28

9.284Q17

10.631Q18

8.852Q18

11

New Branches: Cambodia

Let’s Relax Phnom Penh Preah Norodom Boulevard

12

New Branches: China

Let’s Relax Tianjin Let’s Relax Qingdao

13

spa87%

Spa’s Strong Operational Performance

SPA Revenueby Business

Hotel&Food

4.5%

Products6%

Other2.5%

SPA Revenueby Brand

BaanSuan7%

Let’s Relax87%

RarinJinda6%

SPA Customerby Nationality 1H18 1H18 1H18

SPA CustomerSource

source: Company’s Estimate

China | HK | Taiwan

55%

Thai | Ex-pat25%

Korean | Jap

Western

10%

5%

Asian3%

M.East2%

Assumption: Staff works 8 hours a day / 6 days a week

Walk-in andPhone Booking

Agent

60%

Online Booking30%

10%90%

70%

30%

10%

12M2013 12M2014 12M2015

Average 1H18 Staff Utilization Rate is 86%

SPA Staff Utilization Rate

1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018

50%

1H18

85%

14

2Q18 GROWS 18.3% YOY AND 1H18 grows 20.9% YoY

Solid Total Revenue Growth

0

25

50

75

100

125

150

175

200

225

250

275

300

Q1’15 Q2’15 Q3’15 Q4’15 Q1’16

117.59125.15

144.25156.26

176.02

Q2’16

174.33

Q3’16 Q4’16 Q1’17 Q2’17

195.24

227.37

Q2’17

229.22

Q3’17Q3’17

246.74

Q4’17 Q1’18 Q2’18Q4’17

259.06

Q1’18

280.8

Q2’18

271.2

193.53

543.50 MB543.50 MB

195.24195.24195.24 193.53193.53

543.50 MB

739.12MB

259.06

280.8280.8962.39MB

271.2

552.1MB

(TH

B m

illion

s)

15

2Q18 Gross Profit Margin is 33.6% and 1H18 Gross Profit Margin is 35.08%

Solid Gross Profit Growth

50

100

150

200

250

(TH

B m

illion

s)

45.61 46.06 50.82 56.0961.81

54.39 56.75

83.55

67.56

Q1’15 Q2’15 Q3’15 Q4’15 Q1’16 Q2’16 Q3’16 Q4’16Q1’15 Q2’15 Q3’15

56.09

Q4’15 Q1’16 Q2’16 Q3’16 Q4’16 Q1’17Q1’17

75.87

Q2’17Q2’17

82.70 85.97

Q3’17Q3’17 Q4’17

85.97

Q4’17

104.71

Q1’18Q1’18

89.00

Q2’18Q2’18

56.09

39.47% 37.90% 36.10%

35.91%

36.08%

31.77%

35.12% 37.0%

29.81%

33.95% 33.98%

198.28240.51

85.9785.97

328.09

89.00

193.71

33.64% 37.5%33.6%

16

2Q18 Grows 20.0% YoY AND 1H18 Grows 22.3%

Solid Net Profit Growth

2020

20.48%

19.41%

20.32%

19.72%

20.57%17.91%

21.00%18.21%

20.00%

18.05% 18.12% 17.85% 20.1% 18.3%

23.67 23.5928.44

30.8035.24

30.66

40.3934.67

Q1’15 Q2’15 Q3’15 Q4’15 Q1’16 Q2’16 Q3’16 Q4’16

40

60

80

100

120

30.8035.2435.24

106.50 MB

140.97 MB45.15

Q1’17

40.33

Q2’17

44.09

Q3’17

175.17 MB 104.58 MB

45.656.2

48.38

Q4’17 Q1’18 Q2’18

17

Key:BKK - Bangkok BranchesUPC - Upcountry Branches

TSS - SSG/Expansion, Brand, Location Classification

SPA(+22%)

SSG Expansion

SSG(+12%)

Expansion(+8%)

RarinJinda (-1%)

Let’s Relax (+19%)

Baan Suan (+2%)

BKK (+12%)

UPC (+8%)

Franchise (+2%)

Brand

SWL(-1.5%)

Other(+0.5%)

Location

Franchise

TSSYoY+21%(6mths)

18

Key:BKK - Bangkok BranchesUPC - Upcountry Branches

TSS - SSG/Expansion, Brand, Location Classification

TSSQoQ-3%(3mths)

SPA(-3%)

SSG Expansion

SSG(-2.7%)

Expansion(+0%)

RarinJinda (-0.8%)

Let’s Relax (-2.4%)

Baan Suan (+0.5%)

BKK (-0.4%)

UPC (-2.3%)

Brand

SWL(-%)

SWR(-2%)

Other(+2%)

Location

Franchise Franchise -0.3%

19

Key Financial Ratio

1.00

2.00

3.00

4.00

5.00

6.00

0.23 0.19 0.34

0.35 0.39 0.420.60 0.56 0.590.180.190.250.24

1.201.16

0.700.70

2.92

5.14

0.16

1.221.44

0.98 0.730.62

1.01.23

0.93 0.970.86

1.22 1.30

0.48 0.490.31

0.35

3.92

3.07

3.37

2.44

1.51

2011

2012

2013

3M20

14

6M20

14

9M20

14

12M

2014

3M20

15

6M20

15

9M20

15

12M

2015

3M20

16

6M20

16

9M20

16

12M

2016

3M20

17

6M20

17

9M20

17

12M

2017

3M20

18

6M20

18

D/E Ratio Remains Strong

D/E RatioLiquidity Ratio

0.47

20

10%

20%

30%

40%

50%

37.13%

26.36%

40.32%

24.41%

23.28%

17.68%14.84%

21.60%

25.70%

20.52%22.58%

23.87%23.62%

24.79%

24.93%

24.97%

25.14% 26.1%24.4%

22.04%

9.66%

8.52%6.17%

17.26%

14.37%11.13%

8.48%7%

10.74%

15.09%18.14%

16.96%

18.09%18.96% 19.04% 18.78%

18.99%

16.86%

17.17%17.4%

15.9%

2011

2012

2013

3M20

14

6M20

14

9M20

14

12M

2014

3M20

15

6M20

15

9M20

15

12M

2015

3M20

16

6M20

16

9M20

16

12M

2016

3M20

17

6M20

17

9M20

17

12M

2017

3M20

18

6M20

18

Key Financial Ratio

ROERoA

18.55%

21

Dividend History

FinancialYear

2014Annual

2015Interim

2015Annual

2015Total

2016interim

2016Annual

2016Total

2017Interim

2017Annual

2017Total

30/04/15

25/12/15

24/04/16

20/10/16

28/04/17

08/09/17

25/04/18

0.025

0.05

0.05

0.1

0.05

0.05

0.1

0.05

0.07

0.12

14.25M

28.50M

28.50M

57M

28.50M

28.50M

57M

28.50 M

39.9 M

68.4 M

0.08

0.19

0.25

0.31

31%

53%

40%

39%

50%

63%

47.6%

43%

0.05

0.16

0.21

0.28

PaymentDate

Dividend(Thb/Share)

TotalPayout

Eps per ShareConsolid/Separate

Dividend PayoutRatio

Consolid/Separate

OUTLOOK

22

23

Growth pillars of Spa

OrganicGrowth

BranchExpansion

Spa OperatingFor Hotels &

Resorts

Spa Products(Retail & Hotels)

OverseasBranch

Expansion

Spa Branch Expansion Plan

1998

10

20

30

40

50

60

70

2003 2004 2007 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

BKK

1 23 4 4

5 5

67

8

10

18

23

50

40

30

21

13118865421

2 3 3 5 6 13 20 22 27

2860

32

33

70

3711

UPC

Total No. of Branches

Remark: SPA’s Branch Expansion Plan does not include Overseas Expansion

24

25

New Business Unit

Stretch me by Let’s Relax

Targeted Opening (Q4,18)

25

Spa Operating for Hotels

Target 4&5 Stars Hotel With Existing Spa Facilities.

Benefits: • Low capex (Few million thb/branch) • Quicker turnaround time (1-2 months corporate identity charge) • Traffic of Hotel Guests and outside Guests (attract by our brands)

Past Projects • Holiday Inn Resort Krabi (2016) • The Berkeley Hotel Bangkok (2016) • The Sis Resort Phuket (2017) • Millennium Resort Phuket (2017) • Arnoma Hotel Bangkok (2018) • Ibis Styles Huaykwang (2018)

Spa Products Under Rebranding Process

Retail Let’s Relax Hand Cream

RarinJinda Signatura

26

27

To become the Asia’s Regional Spa Brand(s) with branches expanded throughout Asia.

SPA Vision 2020

Our Projects• Kunming, China• Qingdao, China• Tianjin, China• Phnom Penh, Cambodia ( 3 branches )

Q&ASPA IR ContactMs. Yonlawan EiamalongkornTel. 02 641-6619-20E-mail: yonlawan@siamwellnessgroup.com

Company informationwww.siamwellnessgroup.com/investor_relationswww.facebook.com/siamwellnessgroup

28

29

Appendix

RarinJinda Wellness Spa

World-Class Wellness Spa that harmonize all of life’s senses to deliver the ultimate Wellness Experience

RarinJinda Wellness Spa, a premium and innovative spa that harmonized all life senses. It is dedicated to be the most innovative and admirable Thai Wellness Spa by combining advanced and harmonious healing practices from around the world with world-class service and facilities, offering clients wellness, good health and luxurious pampering in a spa sanctuary.

30

31

RarinJinda Wellness Spa

CHIANG MAI(1) RarinJinda Wellness Spa Chiang Mai

BANGKOK(1) RarinJinda Wellness Spa Ratchadamri(2) RarinJinda wellness Spa Ploenchit

32

Let’s Relax

Thailand’s Boutique Day Spa that offers refined spa indulgence for the a New Lease of Life.

Let’s Relax Spa stands for warm hospitality and sensory revitalization, with convenient and accessible branches across the nation. The serene atmosphere with contemporary decoration induces a relaxed and peaceful state of mind. Backed by a wide range of spa services delivered through professional therapists and techniques, our treatments are designed to provide consumers from every walk of life the gift of relaxation and the perfect balance of body and soul.

Let’s Relax is conveniently located across the country for everyday revitalization.

33

Let’s Relax

Chiang Mai(1) Let’s Relax Chiang Mai Pavillion(2) Let’s Relax Chiang Mai Thapae(3) Let’s Relax Chiang Mai One Nimman

Bangkok(1) Let’s Relax Phromphong(2) Let’s Relax Terminal 21(3) Let’s Relax Mandarin Hotel Samyan(4) Let’s Relax Siam Square One(5) Let’s Relax Ekkamai(6) Let’s Relax Suanplu(7) Let’s Relax The Street Ratchada(8) Let’s Relax MBK(9) Let’s Relax Berkeley Hotel Pratunam(10) Let’s Relax Phayathai (11) Let’s Relax Thong Lo(12) Let’s Relax Sukhumvit 31

Pattaya(1) Let’s Relax Pattaya Dolphin Circle

(2) Let’s Relax Pattaya Beachfront

Phuket (1) Let’s Relax Patong 2nd Street(2) Let’s Relax Patong 3rd Street(3) Let’s Relax Phuket Karon(4) Let’s Relax Phuket The Sis Kata(5) Let’s Relax Phuket Boat Lagoon(6) Let’s Relax Phuket Millennium Resort Patong

Koh Samui

(1) Let’s Relax Koh Samui Bophut

Hua Hin

(1) Let’s Relax Hua Hin Market Village

Krabi(1) Let’s Relax Holiday Inn Resort Aonang(2) Let’s Relax Krabi Wake Up

Phnom Penh(1) Let’s Relax Mao Tse Toung Blvd.

(2) Let’s Relax Preah Norodom Blvd.

(3) Let’s Relax Tonle Bassac.

Kunming(1) Let’s Relax Kunming

Tianjin(1) Let’s Relax Tianjin

Qingdao(1) Let’s Relax Qingdao

Thailand Cambodia

China

34

Baan Suan Massage

Cozy and Warmth Neighbourhood massage, center with the touch of Thainess for your comfort

Baan Suan Massage, a neighborhood massage center that you will feel like home, It is a stand-alone massage shop-house comprises of a house, which is converted into thai, foot and aroma massage rooms, a lush garden, to create an ambience with parking space.

Branches are located in the Bangkok suburban areas, servicing locals who live or work around the area.

35

Baan Suan Massage

BANGKOK(1) Baan Suan Nonthaburi(2) Baan Suan Charoennakorn 55(3) Baan Suan Ramintra(4) Baan Suan Ramkamhaeng(5) Baan Suan Prachanukul(6) Baan Suan Chareonnakorn 68(7) Baan Suan Baromrajchonnanee(8) Baan Suan Petkasem

KORAT(1) Baan Suan Terminal 21 KoratUDON THANI(1) Baan Suan Udon ThaniNONG KHAI(1) Baan Suan Nong Khai

36

RARINJINDA WELLNESS SPA RESORT is a wellness boutique spa resort with 35 rooms, decorated in thai contemporary style.

The resort is equipped with full facilities such as full service Spa, Swimming Pool, Fitness Center, Yoga Studio, Meeting & Conference Room and Riverside restaurant. The resort is built around the 150-years old Teakwood home which is the highlight of the property.

CHIANG MAI(1) RarinJinda Wellness Spa ResortChiang Mai

RarinJinda Wellness Spa Resort

37

“Deck1” The Exotic Scene & Cuisine, a fine-dinining Riverside Restaurant, offers delectable Asian, Thai and Western cuisines with Full Wine Cellar with outdoor and indoor seating.

CHIANG MAI(1) Deck1 Restaurant Chiang Mai

Deck1

38

“Blooming, Siamese Wellness Secrets” combines the knowledge of the pharmacists and the expertise of the spa therapist to create a natural spa product collection that offers optimal benefits.

Products have 4 categories· Skin Care · Spa Care · Health Care · Home Care

Blooming spa products

39

Blooming Thai Massage school offers theoretical and practical training to spa therapists. The instructors are well qualified with certificates from the United States and Thailand (Wat Pho). The school is certified by the Ministry of Education.

Blooming Thai Massage School

40

Multi-Award Winning Spa Group

• Amazing Wellness Spa / Day Spa / Destination Spa / Hotel Spa / New Spa / Value for Money Spa / Traditional Thai Experience / Marketing Campaign

Thailand Spa & Well-being Awards 2012-2017

• Best Luxury Destination SpaWorld Luxury Spa Awards 2012

• Best Luxury Boutique HotelWorld Luxury Hotel Awards 2012

• Asia’s Top Hotel & Resort Spa

• Asia’s Top Wellness Spas Now Travel Asia Awards 2017

• Excellence & Outstanding Destination Spa

Thailand Tourism Awards 2008, 2015, 2017

Outstanding Day Spa Thailand Tourism Awards 2010, 2017

• Best Spa - Let’s RelaxPeople’s Choice Awards voted by Chinese Tourists 2015-2017

• 1st Runner Up - RarinJinda People’s Choice Awards voted by Chinese Tourists 2015-2017

• 1 of 8 Best Luxury Spas in the World by Agoda

• Asia’s Top 50 BrandsCMO Asia Awards 2017

• Best Spa Resort Destination, Thailand Asian Lifestyle Tourism Awards 2017

41

Shareholding Structure

Top 5.1. Mr. Wiboon Utsahajit 11.08%

2. Mr. Prasert Jiravanstit 11.08%

3. Mrs. Pranee Suphawatanakiat 9.60%

4. Mrs. Thanit Amorntirasan 9.41%

5. Mr. Narun Wiwattanakrai 3.55%

As of 18/01/18 xdTotal number of shares : 570,000,000Par Value: 0.25/ share

66%

24%

1%9%

Executive+Family

RetailInvestors

Foreign FundsDomestic Fund

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www.siamwellnessgroup.com Siam Wellness Group Public Company Limited[SPA]