FY 2022 Full-Year Financial Results Briefing

Good evening everyone and thank you for joining the Thai Beverage FY2022 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 Fon, Aung Soo Toh and Run Tse, Thai Beth's Head of Investor Relations and the members of Thai Beth's Senior Management team. Thank you. Please go ahead. Good evening, ladies and gentlemen. Welcome to Thai Beverage, fiscal year 2022 ended 30th of September 2022 financial results conference call. I am Nam Foon, Aung Soo-Thang-Shee, Head of Investor Relations.

For the conference call tonight, I will start with summary of the full year results. Then we will open the line for Q&A session with our management team here. For the summary of the full year results, total sales revenue of the company for the year ended 30th September 2022 was $272,359 million an increase of 13.2% when compared to last year. This was due to an increase in sales revenue of our business segment. Net profit was $34,505 million an increase of 26.2% year-on-year. This was due to an increase in net profit of beer business, non-alcoholic beverages business, business and associated companies, although there was a slight decrease in net profit

of space business. The board of directors has proposed to issue a dividend of 15,072 million baht or 0.6 baht per share, which is higher than 0.5 baht per share of last year. The The payout ratio for 2022 dividend is 50.1% payout ratio. Please note that the interim dividend was paid in June 2022 at 0.15 baht per share and the final dividend will be 0.45 baht per share. In 2022, the company's spritz business generated sales revenue of 116,177 million baht, a 1% increase year-on-year, while total sales volume increased 0.1% year-on-year. The spirit's business reported net profit of 21,902 million baht, a decrease of 1.1% year-on-year,

due to changing in product mix and higher packaging costs, although molasses costs started to come down in the third quarter of 2022. mitigate the impact the company made appropriate price adjustments. The company's bear business recorded sales revenue of 122,489 million by in 2022, a 23.5% increase compared to the previous year. In view of higher bear sales volume following the relaxation of COVID-19 control measures in Thailand and Vietnam. Total sales volume increased 14.5% year-on-year when including sub-ego sales and increased 3.7% year-on-year when excluding sub-ego sales. Net profit shows a satisfactory increase of 143.6% year-on-year to 7,597 million baht.

The company's non-alcoholic virus business generated sales revenue of 17,432 million baht, up 14.6% year-on-year. Total sales volume increased 10.9% year-on-year, mainly driven by higher demand for drinking water, carbonated soft drink, and ready-to-drink tea products. Although there was an increase in materials costs, the non-alcoholic virus business reported net profit amounting to 586 million baht increase 27.8% year on year, mainly due to the improvement of production efficiency and the cost-saving initiatives. The company's food business recorded sales revenue of 16,433 million baht in 2022 for 45.7% increase year on year following the resumption of that in services.