WINNER GROUP ENTERPRISE PLC.

STOCK EXCHANGE OF THAILAND

OPPORTUNITY DAY : Q2 2014

SEPTEMBER 11, 2014

Disclaimer• The information contained in this presentation is for information purpose only and does not constitute any

advice, offer, recommendation, or solicitation to buy or sell shares in Winner Group Enterprise Public

Company Limited (“the Company”).

• Some of this presentation may include statements of future expectations, projections or other forward-

looking statements, which reflect our current views with respect to future events and are not a guarantee of

further performance as a result of various factors not foreseen at the time of giving this presentation. No

assurance is given that these future events will occur, or that the Company’s assumptions are correct and

past performance is not indicative of future performance.

• This presentation has been prepared by the Company. The information in this presentation has not been

independently verified. No representation, warranty, express or implied, is made as to, and no reliance

should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in

this presentation. None of the Company or any of its agents or advisers, or any of their employees shall

have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this

presentation or its contents or otherwise arising in connection with this presentation whether directly or

indirectly.

• Any unauthorized disclosure, use or dissemination, either whole or partial, is prohibited. It must not be

reproduced, copied or made available to others.

Company Profile 1

Financial Highlights 13

Strategies 19

PAGE

Company Profile

Company name Winner Group Enterprise Public Company Limited

Head office 43 Thai CC Tower, 21st Floor., Room 214-219 , South Sathorn

Road, Yannawa, Sathorn, Bangkok 10120 Thailand

Registered capital 100,000,000 Baht

Comprising 400,000,000 common shares of 0.25 Baht per share

Paid-up capital 100,000,000 Baht

Telephone 0-2675-6525-31

Fax 0-2675-6544

Website www.winnergroup.co.th

1

North America

Europe

Asia

Who is WINNER ?

To be ... “the leading expert company in integrated food business for all

distribution channels”

“To deliver quality products and trustworthy services to meet

customers demands for the highest satisfaction. We continue to develop our

human resources for strength and experience in the food business, as well as

maintain excellent relationship with our partners”

Vision

Mission

WINNER Over 500 Food Factories

Over 1000 Food Service Providers

Over 3,000 Retail Outlets nationwide

Australia

2

WINNER Key Milestones

Import Consumer Products

Received GMP,

Good Manufacturing

Process Certification

1991 2004 2010

Registered Capital 1 MB

Founded by Food

Scientists and Food

Technology Expert

Mr. Jane Wongisariyakul

Started Business

2009

Produced Food

Additive and Premix

2008

20132007

2-Rai Area

Bang Na Trad Road

ISO 9001:2000

4-Rai Area

Bang Na Trad Road

GMP

Opened 1st and 2nd Delice shops

Factory Area 4,700 SQ.M

Converted to Public Company

Increased Registered Capital from 78 MB to

100 MB for IPO

Changed Par Value to 0.25 Baht

Currently WINNER is an importer,

manufacturer, and distributor of Industry

Products and Consumer Products from

leading international brands.

Opened 3rd Delice Shop

Expanded Second Distribution Center

2012

Built new FactoryBought a Factory located in Bang Pa-in

Import Industry Products

Built 1st Distribution Center

Built 2nd Distribution Center with Temperature and

Moisture Control

1983

1983

Expanded by 1 Rai

Bang Na Trad Road

20101995

ISO 9001:2008

2013

1995

3

Strengths

Product Variety Integrated Distribution Channels

Facilities and Warehouse Technical Knowledge & Experience

4

FACILITIES AND WAREHOUSE MANAGEMENT EXPERIENCED MANAGEMENT

Business Overview

• The primary business of the company is trading - being importer, manufacturer and distributor of

food ingredients and food additives used in food processing industry, including raw materials,

ingredients and additives from sources around the world, as well as food ingredients and additives

manufactured by the Company. The Company also imports and distributes consumer food products

under the world’s leading brands.

5

WINNER’s Brand

Consumer Products

Industry Products Food Factories

Food Service Providers/HoReCa

Retail Outlets

WINNER’s products ( 2 Categories )

1. Industry Products

1.1 Food Ingredient

1.2 Food Additive

2.Consumer Products

2.1 Snacks

2.2 Frozen and Chilled Products

2.3 Gourmet Food

2.4 Beverage

Starch & Flour , Cocoa Powder , Egg Powder , Sugar and Sweeteners,Seasoning

Hydrocolloid , Yeast/Baking powder ,

Preservatives

6

under Exclusive Distributor and Authorized Distributor Agreement

Brands Portfolio

Industry Products

• 1st powdered egg producer in France • Leading player in Europe market

• World’s Biggest Potato Starch Producer • Based in Europe

• Malaysian Cocoa producer• Listed in Singapore Stock Market

• Leading US based Hydrocolloid producer

Exclusive Distributor

• No. 1 Market Share for bakery

mix

• Well known healthy granola bar

• Ready to eat Mexican food

• Premium Canned Soup

Authorized Distributor

Consumer Products

Exclusive Distributor

OthersOthers

• Leading snack brand from U.S.A

7

Our Products Portfolio

Food Additive

WINNER’S BRAND

8

Wheat FlourIcing, Baking Powder

•Baking Powder :

for food industry,

e.g. used in batter

mix

•Baking Powder

: for bakery

products

• Icing Sugar :

used in bakery

products

• Phosphate :

improve textural

characteristics of

sausage, meat ball,

and frozen food

• Softening agent :

help the dough

soften or remain

softer, mainly used in

bread production

• Stabilizer : for

drink and ice cream

• Wheat flour : for

bread

•All purpose flour:

for pie and pastry

•All purpose

flour : for cake,

cookie, Chinese

pastry, etc.

Our Distribution Channels

• WINNER’s distribution channel are divided into 3 channels

1. Food Factories

• Sales to over 500 manufacturers in Thailand in various industries

2. Food Service Providers/HoReCa

• Sales to over 1,000 Food Services in Thailand

1. Hotels 3. Chained Restaurants and Bakery2. Airlines catering 4. Others

• Hypermarket Bakery

9

Our Distribution Channels (Continue)

• Modern Trade

Hypermarkets Supermarkets Convenience Stores

North North-East South East

• Rimping Supermarket

• Kasem Store

• Yingcharoen Freshmart

• Uttaradit ST Trading

• Sangthai Phrae

• Kiang Supermarket

• Pueng NGee Chiang

• Sentrosa

• Kaona Treasure

• Best Corner

• S Mart

• Friendship

Supermarket

• Odola

• Siam interhome

• The Daily supermarket

• Phuket Oceangroup

• Ga ron Shopping Malt

• Kosit Store

• Ocean Mart

• Super cheap

• Phuket promtpun

a3. Retail Outlets

• Sales to over 3,000 Retail outlets in Thailand

• Traditional Trade

10

Warehouse Management

• WINNER has Warehouses in 3 Locations

1st Distribution Center

Bang na Trad Km. 24

1,452 SQ.M

2nd Distribution Center

Bang na Trad Km. 26

2,916 SQ.M

3nd Distribution Center

435 SQ.MOwned by

WINNER

Rented by

WINNER

• 2 Rai• Temperature and

Moisture Controlled

• Bang Pli/ Samut Prakarn

• 1 Year Contract

• General Storage

• 4 Rai• Temperature and

Moisture Controlled

%

Utilization

94%

%

Utilization

81%

% Utilization

85%

Warehouse Management

1 Normal 2 Monitoring 3 Expired

Shelf Life > 3 Months

4 Destroyed

Shelf Life < 3 Months100% provision setup

Expired100% provision setup

Expired/

Waiting for Destruction

• Plan to construct Cold storage warehouse in 2015

• To prepare for more varieties of frozen and chilled foods

Plan to expand Warehouse Capacity

Total Warehouse Area : 4,803 SQ.M

11

Experienced Management Team and Solid Sale Forces

Experienced management team with a proven track record

1 2

Founder of WINNER

30-year experience since WINNER

founded in 1983

Expertise in food trading business

Founder of WINNER

30-year experience since WINNER

founded in 1983

Expertise in food technology

3

Over 20-year experience with WINNER

Leading and directing WINNER’s sales and

marketing

Expertise in food trading business

Mr. Jane Wongisariyakul

Managing Director

Ms. Vannaporn Wongisariyakul

Deputy Managing Director

Ms. Kanokpan Kreangkraikrissada

Education

MBA, Thammasart University

B.S. (Food Technology),

Chulalongkorn University

Education

MBA, Chulalongkorn University

B.S. (Food Science Technology),

Kasetsart University

Education

M.Sc (Food Science and Technology),

Chulalongkorn University

B.S. (Food Technology),

Chulalongkorn University

Solid Sale Forces Team

2 Head Team with more than 20-year experience

12 sale staffs with an average over 7-year experience

Team 1

Team 2

Team 3

Team 4-7

Team 8

Team 10-11

Long term

Experience

Food Technology

Knowledge Base

&

Technical Support

13 salespersons with minimum a bachelor’s degree in Food Science

and Technology

Specific skills to provide technical advice and support to our customers

Coverage

Nationwide Extensive sale forces for geographic coverage nationwide

Full Team

Sale Forces

Over 80 experienced persons in Sale Forces

32 salespersons : 7 Marketing staff : 40 In-house PC

1

Deputy Managing Director

12

2

4

3

• Operating Result

• Asset Profile & Capital Structure

Financial Highlights

13

Operating Result

Total Revenue

(MB)

Details

Revenue from

Industry Products

(MB)

Revenue from

Consumer Products

(MB)

2

1

2Q2013 vs 2Q2014

• Sales revenue -4.4 MB, -1.2%:

sales dropped in both segment –

ID, CS mainly due to economic

slowdown and political situation.

1H2013 vs 1H2014

• Sales revenue+50.6MB,+7.7%:

Sales increased in both segment –

ID, CS – which resulted from sales

growth in 1Q’14

14

362.4 333.6 386.1 350.5 358.0

657.9 708.5

2Q13 3Q13 4Q13 1Q14 2Q14 1H13 1H14

50.6 MB, 7.7%

-4.4MB, -1.2%

• Revenue from consumer product

of 2Q14 decreased by 3.1 MB

,1.6% compared to same period

last year due to slowdown in

travel and tourism (political

situation)

• Revenue of 1H14 increased by

25.8 MB,7.4% compared to same

period last year

• Revenue from industry products

of 2Q14 decreased by 1.3MB

,0.7% compared to same period

last year

• Revenue of 1H14 was 24.7 MB ,

7.9% due to increased in food

additive on the first quarter

-3.1MB, -1.6%

25.8 MB, 7.4%

189.3 162.1 239.5 186.1 186.2 346.4 372.2

2Q13 3Q13 4Q13 1Q14 2Q14 1H13 1H14

24.7 MB, 7.9%

-1.3MB, -0.7%

173.1 171.5 146.6 164.4 171.8 311.5 336.2

2Q13 3Q13 4Q13 1Q14 2Q14 1H13 1H14

Operating Result (Continue)

15

Gross Profit -0.1MB,-0.1%: highly competitive market as more supply especially ID products;

stocks with high cost from FX rate but could not adjust selling price

Gross Profits (MB)

-11.4 MB, -14.1% - 0.1MB, -0.1%

80.6 71.0 88.0 72.0 69.2 141.3 141.2

22.3%

21.3%

22.8%

20.5%19.3%

21.5%19.9%

2Q13 3Q13 4Q13 1Q14 2Q14 1H13 1H14

GP

Gross Profit Margin

Operating Result (Continue)

16

Net profit -3.8MB,-10.2% : more marketing activities to promote the sales of both existing products

and new products

-3.8MB, -10.2%-13.5 MB, -46.2%

Net Profits (MB)

41.0

29.2

18.0

28.3

18.0 15.7

37.3 33.7

5.4%4.4% 5.7%

8.0%7.3%

5.1%

6.2%

4.8%

2Q13 3Q13 4Q13 1Q14 2Q14 1H13 1H14

Normalized Profit

Net Profit

Net Profit (%)

Normalized Net Profit (%)

Capital Structure

17

335.3 361.5

555.2 548.9

233.1

367.9 369.4 370.7

0.7

1.0

0.7

0.7

0.0

0.2

0.4

0.6

0.8

1.0

0

100

200

300

400

500

600

700

800

900

1000

2011 2012 2013 1H2014

Equity

Debt

D/E

(MB)

As a trading company, main liability composition are Account Payables and Short-term Loans for

working capital. Thus, debt to equity ratio is only 0.7

Financial Ratios

18

57 54

68 6765

2011 2012 2013 2Q13 2Q14

Payment Period

41.0%

120.8%

81.3%

2011 2012 2013

Dividend Payout Ratio

25.0%

26.2% 18.2%

2011 2012 2013

ROE

5850

58 56

71

2011 2012 2013 2Q13 2Q14

Inventories Sales (days)

61

64

73

63

65

2011 2012 2013 2Q13 2Q14

Collection Period

13.6% 14.0% 10.1%

2011 2012 2013

ROA

1. Product Expansion

2. Market Expansion

3. Diversification

Strategy 2

Strategies

Strategy 3

19

Strategy 1

Product Expansion

20

• The Company plans to develop and supply new products to meet a wide range of requirement of customers in food industry and food service operators (Food Service/HoReCa) and supply innovative products to meet consumer’s needs to diversify product ranges distributed by the Company.

• Producing our own brand for mass market• Create more opportunity to enhance varieties of products, particularly in,

• Premix Products: powder drink for dispenser in Food Chain and Buffet Line, etc.• OEM Products: coffee mix• Repack and sachet products: flour, seasoning and etc.

Own ProductImport

Strategy 1

Our Strategy

Industry

Products

Consumer

Products

Pectin

Cellulose Gum

Carrageenan

Pea Starch

Carrageenan

Gellan Gum

New Products 2014

Powder Drink for Food Service

Raisin

Ohgiya Cheese Snack

Granolar Bar (New flavor) Decorative Sugar

21

Market Expansion

22

• Expanding both market coverage and customer base.1. For new potential customers in all channels – food factories, food service, end consumer,

especially food service provider in travel destination provinces.2. Seek opportunities for exporting mainly to AEC.

Existing Market & Customer

Food Factories

Food Service Providers/HoReCa

over 500 manufacturers in Thailand

over 1,000 Food Services in Thailand

Opportunities to Go

Retail Outlets

over 3,000 Retail outlets in Thailand

Strategy 2

Our Strategy

Diversification - Non Food

23

• The Company plans to expand its food business to other businesses such as drugs,cosmetics, personal care, animal feed, etc. to expand growth and business diversity.

Strategy 3

Our Strategy

Animal Feed Personal CarePharmaceutical

Q & A

24

THANK YOU

IR Contact

Location : Winner Group Enterprise Plc.

Head Office: 43 Thai CC Tower 21st Floor, Room 214-219,

South Sathorn Road, Yannawa, Sathorn,

Bangkok 10120, Thailand

Tel : +66 26756525 ext. 106

Fax : +66 26756544

E-mail ir@winnergroup.co.th

Website : http://www.winnergroup.co.th