1H 2021 Half-Year Financial Results Briefing

Good evening everyone and thank you for joining the Thai Beverage First Half 2021 results call. All participants have been placed in a listen-only mode. Later we will conduct a question and answer session and instructions will be given at that time. I will now hand over the call to the presenters Ms. Nam Fong, Ang-Chun Tong-Rong-See, Thai Beth's Head of Investor Relations and the members of Thai Beth's Senior Management Team. Thank you. Good evening ladies and gentlemen. Welcome to I am Tia Tia Beras. The first half 2021 ended the 31st of March 2021 financial resource conference call. First of all, we would like to say sorry for the delay because we have some technical issues,

but right now we can resume and we can start the call. I am now for an answer to Tom Rong's behalf of investor relations. For the call tonight, I will start with summary of the first half results, Then we will open the line for Q&A session with our management team. For the summary of the first half results, total sales revenue of the company for the first six months ended the 31st of March 2021 was 131,252 million baht, a decline of 4.3% when compared to last year. This was due to a decrease in sales revenue of our business segment from the impact of the second wave of COVID-19 pandemic in Thailand.

Net profit was 16,076 million baht, increased 8.7% compared to last year. This was due to an increase in net profit of spritz and beer business. And due to last year, there was other non-recurring costs and deferred tax utilization related to beer business restructuring. Although there was a decrease in net profit of non-alcoholic beverages business and associates, and exchange in a profit to net loss of the food business. Tai Beth Board of Directors agreed to propose an interim dividend payment of 3,768 million baht, or 0.15 baht per share. For the highlights of the first half 2021 results, the company's space business was marginally affected by the second wave of the COVID-19 in Thailand.

is generated sales revenue amounting to $63,876 million. 0.6% decrease when compared year on year. And total sales volume recorded by the business declined 1.2% year on year. Nonetheless, net profit still amounted to 12,866 million

and increase of 3.6% year on year. New to arise in gross profit and a decline in advertising and promotional expenses. The company's BA business recorded sales revenue amounting to $53,978 million in the first half, or a 5.1% decrease compared to previous year. Total sales volume decreased 5.3% year-on-year when including sub-ego sales, and decreased 7.9% year-on-year when excluding tobacco sales. However, the company's net profit for the BA business reported a satisfactory increase of 84.2% year-on-year to 2,214 million baht. This was mainly due to the decrease in distribution costs and administrative expenses. The company's non-alcoholic bearish business generated sales revenue amounting to 7,592

million by in the first half, down 12.6% year-on-year, due to a 14.6% decline in total sales volume. However, excluding non-recurring items for other income recorded in the first half of 2020, the non-alcoholic bearish business recorded a significant increase in net profit from normal operation of 98.2% year-on-year due to food and cost management. Net profit for the period was $333 million. The company's food business recorded sales revenue of $5,885 million in the first half. A 19.9% decrease year-on-year. The food business was impacted by the second wave of the COVID pandemic in Thailand, which caused concern among consumers about dining out at the restaurants. This was also impacted by the restrictions on restaurant