Company Background & Development

25 August 2017

Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

3 Registered Capital Increase to 12 MB Register Capital Increase to 60 MB Expand Service Route to The Philippines Registered Capital Increase to 110 MB Expand Service Route to Vietnam AMAL s Registered Capital Increase to 190 MB PTGLG enters into holding shares of 32.01% Expand Service Routes to East Asia Company Transformation to Public Company Limited Registered Capital to 215.80 MB Establishment of AMA with Registered Capital of 1 MB No. of Tanker Vessels & Tanker Trucks Start International Marine Transportation ( Myanmar Route ) Registered capital Increase of 100 MB AMA Overall Revenues Come from International Transportation Establishment of AMAL with registered Capital of 5 MB Being listed in MAI on 22 Dec. 2016 1996 1999 2001 2002 2005 2009 2010 2012 2013 2014 2015 2016 1Q2017 2Q2017 Vessels 2 4 4 5 4 3 4 6 5 5 6 7 8 9 (DWT) 3,814 10,245 13,861 16,791 14,266 11,440 16,203 23,781 18,876 18,876 23,699 33,641 56,730 69,980 Trucks 5 43 100 120 125 Loading capacity (ml) 0.23 1.94 4.50 5.40 5.63

Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

6 Tanker Trade Crude Gas Clean Products Chemical Dry Trade General Cargo Bulk carrier Container Tanker Trade Dry Trade Tanker General cargo Bulk carrier Container Tankers designed specially for delivery particular items such as crude oil, vegetable oil, chemical, natural gas. General cargo vessels deliver variety items bulk and non-bulk Dry Bulk vessels (unpacked) e.g. cereal, coal, sugar Container vessels carry variety of goods

AMA operates the business on marine transportation. We provide the delivery of liquid product by the standard tankers. We presently have 10 tankers We mainly deliver vegetable oil and also have plan to deliver other liquid items: Oil Molasses Easy Chemical Our service routes are SEA and will soon expand to East Asia and South Asia No. Vessels DWT Year Built Year of Purchased Remaining of Utilization (Years) 1 Chao Anoma 4,763 1995 2010 8 2 Primrose 4,908 1995 2012 8 3 AMA 3,110 1994 2012 7 4 Bergprai 3,165 1993 2012 6 5 Meson 4,823 2003 2015 16 6 Meya 9,942 2007 2016 20 7 Ulaya 13,020 2009 2016 22 8 Alinya 12,999 2009 2017 22 9 Anika 13,250 2008 2017 21 10 Salina 13,001 2008 2017 21 Total DWT 82,981 3% Other Vegetable Oil e.g. Soy Bean Oil, Coconut Oil 97% Palm Oil Product 7

Marine Transportation Service : Charterer 8 An International Company Exporting Consumption Oils and Other Oils The Leading Agriculture Business in Asia The World Biggest Manufacturer and Distributor Palm Oil The Joint Venture Companies between Kuala Lumpur Kepong Berhad, registered company in The Stock Exchange of Malaysia and PT Astra Agro Lestari, registered company in The Stock Exchange of Indonesia

9 India European Union China Pakistan Bangladesh Egypt United States Philippines Myanmar Russian Federation Vietnam Turkey 1.60 1.30 1.27 0.95 0.80 0.80 0.77 0.65 3.10 4.95 6.65 9.50

10 Million Tons 70 60 50 40 30 20 10 - Producer of palm oil (Figures show the quantity of palm oil production) 56.38 59.34 61.64 59.40 58.80 66.82 2012 2013 2014 2015 2016 2017F Indonesia Malaysia Thai Columbia Nigeria Other Million Tons Million Tons 60 40 20-60 40 20 - Palm Oil Importer (Figures show the quantity of the import of palm oil) CAGR 0.56% 42.19 42.02 44.63 45.29 46.78 43.62 2012 2013 2014 2015 2016 2017F Palm Oil Exporter (Figures show the quantity of the export of palm oil) 43.11 43.19 47.47 45.58 48.02 46.98 2012 2013 2014 2015 2016 2017F Indonesia Malaysia Benin Papua New Guinea Guatemala Other India Europe China Pakistan Other

11 Trading Regions Southeast Asia East Asia South Asia Source: www.southchinasea.org The Company provides the medium tankers which are suitable for SEA due to the shallow water course The Company provides the service in the areas where they are the center of production and consumption of the world The Company is the expert of liquid product by tankers and has more than 20 years experience

12 Service Provider s Name No. of Vessel (s) Total Weight (Metric Ton) Transportation Ratio in SEA (%) Raffles, Singapore 8 90,445 35.27 Ama Marine Public Company Limited 5 21,005 8.19 Megaports, Singapore 2 10,468 4.08 Thai Ship owner 2 5,322 2.08 Samuraya Layer Sentosa, Indonesia 1 4,718 1.84 Thai Ship owner 1 3,911 1.53 Thai Ship owner 1 2,998 1.17 Tien Thanh, Vietnam 1 2,952 1.15 Others 15 114,634 44.70 Total 36 256,453 100.00

14 The Company s subsidiary AMA Logistics Co., Ltd. ( AMAL ) provides the service on inland liquid carrier by tank trucks. We have totally 125 tank trucks, being able to load up to 45,000 liters per truck. Mainly Loading diesel B100 and gasoline Various routes in Thailand with strong business alliances Continuously add up the trucks in order to meet the increasingly requirements Expand our service to carry other products such as asphalt, ethanol Efficient route management 300 200 100 0 No. of Truck (s) 2014 2015 2016 2017F 2018F 90% Gasoline 10% Bio-diesel B100 Year No. of Truck (s) Loading quantity(liters) 2014 5 225,000 2015 43 1,935,000 2016 100 4,500,000 1Q2017 120 5,400,000 2Q2017 125 5,625,000 Note : Truck is consisted of header and trailer with the size of 45,000 liters

15 Type 1 One Way Trip Type 2 Backhauling Management Biodiesel Manufacturer B100 Oil refinery

16 No. of Truck (s) - Domestic 226,934 244,494 259,084 274,151 281,623 Quantity of Fuel Usage - Domestic Million liters 20,892 21,065 21,919 22,151 2013 2014 2015 2016 Jun-17 Non-Public Trucks 781,566 785,880 771,662 763,082 8,223 8,567 9,713 10,679 5,436 11,549 736,239 2013 2014 2015 2016 Jun-17 Personal Trucks 2013 2014 2015 2016 Gasoline Diesel Jun-17

17 Safety Health & Environment Integrity & Ethics Performance By Teamwork Sustainability AMA MARINE AMA MARINE AMA MARINE AMA MARINE AMA MARINE

Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

19 Unit : Million Baht 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0-500 2.74% 89.37 3,260.21 Statements of financial position (Consolidated financial statements) Convert to Baht As at June 30, 2017 3,349.58 1,160.70 18.51% 214.84 1,375.54 2,099.50 (5.98%) (125.46) 1,974.04 (45.98) Total Asset Total Liability Total shareholders' equity Other Components of equity 2016 3,260.21 1,160.70 2,099.50 59.34 2017 3,349.58 1,375.54 1,974.04 (45.98) 59.34 (177.49%) (105.32)

20 Statements of Comprehensive Income (Consolidated financial statements) Convert to Baht For the three-month periods June 30, 2017 Unit : Million Baht 400 350 300 250 200 150 100 50 0-50 45.81% 105.70 230.76 336.46 28.62% 19.87 (25.20%) (10.32%) (10.34) (4.36) 69.43 89.30 41.03 30.69 42.24 37.88 Service income Gross Profit Net profit Net profit w/o Gain (Loss) of AMAL 2016 230.76 69.43 41.03 42.24 2017 336.46 89.30 30.69 37.88 Diff 105.70 19.87 (10.34) (4.36) 32.00% 30.00% 28.00% 26.00% 24.00% 20.00% 10.00% 0.00% 30.09% Gross Profit Margin (%) 26.54% 2016 2017 18.30% Net Profit Margin (%) 17.78% 2016 2017 Gross Profit Margin (%) 11.26% 9.12% Net Profit Margin (%) Net Profit w/o Gain (Loss) on AMAL (%)

21 Unit : Million Baht 280 230 180 130 80 30-20 165.67 40.28% 66.74 Statements of Comprehensive Income (Separate financial statements) Convert to Baht For the three-month periods June 30, 2017 232.41 19.58% 10.40 53.11 63.51 35.08 (28.62%) (10.04) Service income Gross Profit Net profit 2016 165.67 53.11 35.08 2017 232.41 63.51 25.04 Diff 66.74 10.40 (10.04) 25.04 35.00% 30.00% 25.00% 20.00% 40.00% 20.00% 0.00% Gross Profit Margin (%) 32.06% 27.33% 2016 2017 Net Profit Margin (%) 21.17% Gross Profit Margin (%) 10.77% 2016 2017 Net Profit Margin (%)

22 Unit : Million Baht 280 230 180 130 80 30-20 36.83% 61.01 165.67 Statements of Comprehensive Income (Separate financial statements) Without Operation of Anika For the three-month periods June 30, 2017 226.68 32.39% 17.20 (28.62%) (9.24%) (10.04) (3.24) 53.11 70.31 35.08 25.04 35.08 Service income Gross Profit Net profit Net profit w/o Anika 2016 165.67 53.11 35.08 35.08 2017 226.68 70.31 25.04 31.84 Diff 61.01 17.20 (10.04) (3.24) 31.84 33.00% 32.00% 31.00% 30.00% 30.00% 20.00% 10.00% 0.00% 32.06% Gross Profit Margin (%) 31.02% 2016 2017 21.17% 21.17% Net Profit Margin (%) 2016 2017 Gross Profit Margin (%) 14.05% 10.77% Net Profit Margin (%) Net Profit w/o Anika (%)

23 Unit : Million Baht 59.83% 120 38.95 100 80 60 40 20 0 (20) 104.05 65.10 Service income 58.82% 9.47 16.10 25.57 Gross Profit Statements of Comprehensive Income Convert to Baht For the three-month periods June 30, 2017 489.34% (1.22) (5.97) (7.19) Gain (Loss) On Exchange Rate (2.70%) 81.26% (0.16) 5.81 5.93 5.77 7.15 12.96 Net profit Net profit w/o Gain (Loss) on Exchange Rate 2016 65.10 16.10 (1.22) 5.93 7.15 2017 104.05 25.57 (7.19) 5.77 12.96 Diff 38.95 9.47 (5.97) (0.16) 5.81 24.80% 24.70% 24.60% 24.50% 24.40% 15.00% 10.00% 5.00% 0.00% Gross Profit Margin (%) 24.73% 24.57% Gross Profit Margin (%) 2016 2017 Net Profit Margin (%) 10.99% 12.46% 9.11% 5.55% Net Profit Margin (%) Net Profit w/o Gain on ex.rate Margin (%) 2016 2017

24 Unit : Million Baht 700 600 500 400 300 200 100 0 60.13% 248.09 412.57 660.66 Statements of Comprehensive Income (Consolidated financial statements) Convert to Baht For the six-month periods June 30, 2017 50.72% 60.44 119.16 179.60 56.84 87.75 65.13 111.04 Service income Gross Profit Net profit 54.38% 70.49% 30.91 45.91 Net profit w/o Gain (Loss) of AMAL 2016 412.57 119.16 56.84 65.13 2017 660.66 179.60 87.75 111.04 Diff 248.09 60.44 30.91 45.91 30.00% 29.00% 28.00% 27.00% 26.00% 20.00% 10.00% 0.00% 28.88% Gross Profit Margin (%) 27.19% 2016 2017 Net Profit Margin (%) 15.79% 16.81% 13.78% 13.28% Net Profit Margin (%) 2016 2017 Gross Profit Margin (%) Net Profit w/o Gain (Loss) of AMAL (%)

25 Unit : Million Baht 500 400 57.55% 170.00 Statements of Comprehensive Income (Separate financial statements) Convert to Baht For the six-month periods June 30, 2017 29.50% 29.00% Gross Profit Margin (%) 29.14% 300 200 465.39 54.36% 46.80 79.79% 295.39 39.36 100 132.89 86.09 88.69 49.33 0 Service income Gross Profit Net profit 2016 295.39 86.09 49.33 2017 465.39 132.89 88.69 Diff 170.00 46.80 39.36 28.50% 28.00% 20.00% 18.00% 16.00% 14.00% 28.56% Gross Profit Margin (%) 2016 2017 Net Profit Margin (%) 19.06% 16.70% Net Profit Margin (%) 2016 2017

26 Unit : Million Baht 500 400 55.61% 164.27 Statements of Comprehensive Income (Separate financial statements) Without Operation of Anika For the six-month periods June 30, 2017 31.00% 30.00% Gross Profit Margin (%) 30.39% 300 459.66 62.26% 200 53.60 79.79% 93.57% 295.39 39.36 46.16 100 139.69 86.09 88.69 49.33 49.33 95.49 0 Service income Gross Profit Net profit Net profit w/o Anika 2016 295.39 86.09 49.33 49.33 2017 459.66 139.69 88.69 95.49 Diff 164.27 53.60 39.36 46.16 29.00% 28.00% 30.00% 20.00% 10.00% 0.00% 29.14% 2016 2017 Net Profit Margin (%) 16.70% 20.77% 19.06% 16.70% 2016 2017 Gross Profit Margin (%) Net Profit Margin (%) Net Profit w/o Anika (%)

27 Unit : Million Baht 250 66.66% 78.10 200 150 100 50 0 (50) 195.27 117.17 Service income 32.83 40.91% 13.43 46.26 Gross Profit Statements of Comprehensive Income Convert to Baht For the six-month periods June 30, 2017 (110.17%) 42.13% 180.82% (8.33) 6.66 (14.99) 7.52 15.81 22.47 (8.29) (23.28) (0.81) Gain (Loss) On Exchange Rate Net profit Net profit w/o Gain (Loss) on Exchange Rate 2016 117.17 32.83 (8.29) 7.52 15.81 2017 195.27 46.26 (23.28) (0.81) 22.47 Diff 78.10 13.43 (14.99) (8.33) 6.66 30.00% 25.00% 20.00% 20.00% 10.00% 0.00% -10.00% 13.49% Gross Profit Margin (%) 28.02% 23.69% 2016 2017 6.41% Gross Profit Margin (%) Net Profit Margin (%) 11.51% -0.41% 2016 2017 Net Profit Margin (%) Net Profit w/o Gain on ex.rate Margin (%)

28 Net Profit Analysis Quarter 1 vs Quarter 2, 2016-2017 Normal Net Profit Net Profit w/o Gain (Loss) of AMAL Net Profit w/o Anika Baht % Baht % Baht % Baht % Baht % 2017 2016 2017 2016 2017 Conso 87.75 13.28% 56.84 13.78% 111.04 16.81% 65.13 15.79% 94.55 14.44% Q1 57.06 17.60% 15.82 8.70% 73.16 22.57% 22.89 12.59% 57.06 17.60% Q2 30.69 9.12% 41.03 17.78% 37.88 11.26% 42.24 18.30% 37.49 12.12% AMA 88.69 19.06% 49.33 16.70% 95.49 20.77% Q1 63.65 27.32% 14.25 10.98% 63.65 27.32% Q2 25.04 10.77% 35.08 21.17% 31.84 14.05% AMAL (0.81) (0.42%) 7.52 6.41% 22.47 11.51% 15.80 13.48% Q1 (6.59) (7.22%) 1.59 3.04% 9.51 10.42% 8.65 16.61% Q2 5.77 5.55% 5.93 9.11% 12.96 12.46% 7.15 10.98%

29 Net Profit Analysis Quarter 1 vs Quarter 2, 2016-2017 Net Profit w/o Gain (Loss) of AMAL, Normal Net Profit Other income (expenses), Anika Baht % Baht % Baht % Baht % 2017 2016 2017 2016 Conso 87.75 13.28% 56.84 13.78% 126.80 19.19% 59.01 14.30% Q1 57.06 17.60% 15.82 8.70% 73.16 22.57% 22.89 12.59% Q2 30.69 9.12% 41.03 17.78% 53.64 15.94% 36.12 15.65% AMA 88.69 19.06% 49.33 16.70% 104.45 22.44% 43.20 14.62% Q1 63.65 27.32% 14.25 10.98% 63.65 27.32% 14.25 10.98% Q2 25.04 10.77% 35.08 21.17% 40.80 17.56% 28.95 17.47% AMAL (0.81) (0.42%) 7.52 6.41% 22.47 11.51% 15.81 13.49% Q1 (6.59) (7.22%) 1.59 3.04% 9.51 10.42% 8.66 16.63% Q2 5.77 5.55% 5.93 9.11% 12.96 12.46% 7.15 10.98%

30 Extraordinary Revenues and Expenses 2Q2016 - Insurance claim 6.13 MB - Exchange loss of AMAL 1.22 MB 2Q2017 - Anika s expenses 12.53 MB - Anika s revenues 5.73 MB - Unclaimed VAT 8.96 MB - Exchange loss of AMAL 7.19 MB - Net profit margin w/o extraordinary items 15.65% - Net Profit Margin w/o extraordinary items 15.94%

Ratio Analysis (Consolidated financial statements) As at June 30, 2017 USD convert to Baht 2017 2016 Different Current Ratio (current assets / current liabilities) 1.69 4.83 (3.14) Quick Ratio (current assets - Inventories / current liabilities) 1.58 4.72 (3.14) Debt to Equity Ratio (Total liabilities / Total shareholders' equity) 0.70 0.55 0.15 Return on Asset (ROA) (Net profit / Total assets Avg.) (Net profit - Gain (Loss) on exchange rate/ Total assets Avg.) Return on Equity (ROE) (Net profit / Total shareholders' equity Avg.) (Net profit - Gain (Loss) on exchange rate/ Total shareholders' equity Avg.) Return on Fixed Assets (Net profit +Depreciation / Total fixed assets Avg.) (Net profit - Gain (Loss) on exchange rate + Depreciation / Total fixed assets Avg.) Operation Income Margin (Operation Income / Sales) % 17.87 18.33 19.25 (0.46) 2559 (Operation Income - Gain (Loss) on exchange rate / Sales) % 16.87 19.80 19.73 (2.93) Gross Profit Margin (Gross Profit / Sales) % 27.19 28.88 30.13-2559 (1.69) Interest Bearing Debt (interest-bearing debt / Total shareholders' equity) 0.64 0.51 0.13 5.31 4.91 8.62 7.97 14.94 14.36 6.78 6.99 11.07 11.42 19.36 19.70 (1.47) (2.08) (2.45) (3.45) (4.42) (5.34) 31

Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

35 The Continued Growth of Total Revenue Continued Growth of Revenue from marine transportation High Gross Profit Good Level of Net Profit Strong Financial Status D/E is at low level of 0.70 Outstanding of Future Project to Expand the Business Both marine and inland that allow the Company to extend the service routes, variety of delivery goods including backhauling service that will continuously drive the revenue.