Disclaimers

The information contained herein is intended to represent the Company’s operating and financial position at a given point in

time and may also contain forward looking information which only reflects expectations based on the prevailing geo-political,

economic and non-controllable factors. Such information has been obtained from sources believed to be most reliable and

the means in analyzing and preparation of such information for disclosure are based on approve practices and principles in

the investment industry. The views are based on assumption subject to various risks and uncertainties and no assurance is

made as to whether such future events will occur. No assurance is made as to the accuracy or completeness of information

presented in this document.

Fleet Expansion2 Jets, Boeing 737-800 NG, added in Nov 2013

Route Update• New Route:

Domestic

Don Mueang – Hua Hin started 15 Nov 2013

International

Mae Sot – Mawlamyine started 1 Sep 2013

Mae Sot – Yangon started 1 Oct 2013

Don Muang – Yangon started 1 Nov 2013

3

# Primary RoutesCurrent Weekly Flight

Frequency*1

2

3

4

5

6

7

8

Bangkok – Hat Yai

Bangkok – Chiang Mai

Bangkok – Udon Thani

Bangkok – Nakhon Si Thammarat

Bangkok – Ubon Ratchathani

Bangkok – Surat Thani

Bangkok – Phuket

Bangkok – Chiang rai

56

49

42

35

42

35

28

35

Secondary Routes9

10

11

12

13

Bangkok – Phitsanulok

Chiang Mai – Mae Hong Son

Bangkok – Trang

Bangkok – Sakhon Nakhon

Bangkok – Nakhon Phanom

35

21

21

7

7

Feeder Routes14

15

16

17

18

19

20

21

22

23

24

Bangkok – Mae Sot

Chiang Mai – Udon Thani

Bangkok – Nan

Bangkok – Roi Et

Bangkok – Chumphon

Bangkok – Loei

Chiang Mai – Mae Sot

Bangkok – Ranong

Bangkok - Phrae

Bangkok – Buriram

Bangkok – Hua Hin

28

21

14

14

14

14

7

14

7

7

3

International Routes25 Mae Sot - Mawlamyine 7

26

27

Mae Sot - Yangon

Bangkok - Yangon

7

3*As of November 15, 2013 4

Unit: %

5

Unit: %

As of September 30, 2013

Credit card

59%Counter Service

17%

Cash

11%

Direct

Debit

7%

ATM

5%

Others

1%

Web site and

Electronics

60%Call Center

12%

Counter at

airport

11%

Travel Agent

11%

Corporate and

Group Sales

5%

Other

1%

6

16.16 19.66 22.33 26.70 27.17

23.1923.54

25.4827.01 26.88

39.51 35.5933.71

30.05 29.86

14.80 14.64 14.81 14.14 14.486.35 6.57 3.67 2.10 1.60

2010 2011 2012 1H/13 9M/13

Source: Airport of Thailand PCL and Department of Civil Aviation as of 30 September 2013 6

35.4% 39.5% 43.4% 47.8% 48.8%

50.7% 47.3%49.5%

48.4% 48.3%

13.9% 13.2%7.1% 3.8% 2.9%

2010 2011 2012 1H/13 9M/13

Unit: %

Primary route Secondary routeFrom Bangkok From Chiang MaiMarket share by no. of passengers

Feeder route15% 21% 34%44% 32% 137%

Market GrowthNOK Growth

68.6%57.6%

48.8% 46.8% 41.4% 36.4%21.6%

8.8%

100% 100% 100%

49.7% 46.7%

100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

0.0%

25.0%

50.0%

75.0%

100.0%

Unit: %

5

Unit: Million

1.05

1.46

2.97

4.29

3Q/12 3Q/13 9M/12 9M/13

Unit: Mil. Seat-Km

7

751

1,038

2,086

3,046 84.5% 84.4%

83.7%

86.1%

75.0%

77.0%

79.0%

81.0%

83.0%

85.0%

87.0%

-

500

1,000

1,500

2,000

2,500

3,000

3,500

3Q12 3Q13 9M12 9M13

ASK (Mil. Seat-Km.)Cabin Factor

3.273.08 3.13

3.49

3.16 3.13 3.14 3.243.03 3.09 3.11

3.34

3.062.94 2.96

3.10

2.822.63

2.88 2.893.01 3.03 3.08

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

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

Unit: Baht / Pax/ Km. Unit: Baht / Seat. Km.

1.05

0.93

1.08

1.45

1.07

0.94

1.17

1.16

0.981.06

0.95

1.19

1.27

1.15

1.35 1.36

1.01

0.73

0.97

1.06

1.05 1.05

0.94

0.50

0.70

0.90

1.10

1.30

1.50

1.70

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

201320122012

2013

Remark; 1/ Operating Profit ex Fuel is RASK – CASK ex fuel

2/For November 2013 data is as of 10 Nov 20138

2/

Unit: THB/Seat/Km.

2.74

2.342.352.67

2.512.70

1.02 1.000.83 0.87 0.84 0.76 0.83

0.56 0.500.48 0.54

0.40 0.44 0.41

0.26 0.270.28

0.250.27 0.33 0.34

0.27 0.250.22 0.22

0.21 0.19 0.22

0.17 0.18

0.170.24

0.15 0.160.16

0.46 0.49

0.540.56

0.49 0.480.47

0.0

0.5

1.0

1.5

2.0

2.5

3.0

Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13

Other operating costs

SG&A and D&A

Airport fee, Navigation, Ground

handling

Aircraft lease rent

Maintenance

Fuel

2.43

29.94 30.03

31.62127.34

116.50

120.84

100.00

105.00

110.00

115.00

120.00

125.00

130.00

25.00

26.00

27.00

28.00

29.00

30.00

31.00

32.00

Q1/13 Q2/13 Q3/13FX (THB/USD) Jet Fuel Price

CASK rise due to…

1. FX depreciation 5.46%

2. Fuel Price increase 3.71%

9

2,102

2,771

5,864

8,216

3Q12 3Q13 9M12 9M13

Unit: THB Million Unit: THB Million

211245

330

921

3Q12 3Q13 9M12 9M13

10

(Unit: Fleet)

11

2013 2014 2015

Seat Capacity

(seat)2,547 3,185 4,099

% Growth

(YoY)20.8% 25.5% 28.5%

3

812

1418

223 2

2

2

22

4

5 55

5

5

1 2 3 4 5

737 -400 737 - 800 ATR Q400 SAAB

Q3/2013 2013 2014 20152012

1/

• 12 more seats over ATR 72-500

• 6.07% lower cost per seat comparing to ATR 72-500

• Faster speed led to higher Aircraft Utilization due to 2

more sectors per day

2 More Q400 Bombardiers will be added in 2nd Half/2014

Remark: 1/ Operated by Siam General Aviation under “Nok Mini” brand2/ ATR 72-500 to be retired after 2015

2/

Bangkok – Ho Chi Minh Q4/2014

Bangkok - Hanoi

Bangkok - Cheng Du

Bangkok - Nanjing

Bangkok - Xian

Chiang Mai - Bagan

Chiang Mai - Heho

Chiang Mai - Mandalay

Bangkok – KBV (Krabi) starts 1 Jan 2014

12

Mandalay

HehoBagan

Krabi

Lampang

Surin

Nan Ning

Xian

Cheng Du

Mawlamyine

Mae Sot