2q2021 company performance

2Q2021

COMPANY PERFORMANCE

AGENDA

1

Company Overview

4

2

3Situation

Updates

2 5Strategic Direction/

Strategy

Project

Updates

Financial Performance

Total revenue increased by 44.5% YoY mainly due to

Logistics Infrastructure business increased

outstandingly by 176.4% YoY

Transportation business increased by

112.7 % YoY

Maintain satisfactory level of cold chain

business performance

Performance of businesses growth outstandingly

Automotive business increased by 100.7%

YoY due to the new contracts with Isuzu and

Mitsubishi. Moreover, the volume growth of

on-site service and transportation service

are increased.

Dangerous Goods increased by 49.2% YoY

due to the new high of DG throughput

44.5% Total Revenue

Growth YoYOutstanding Performance

Projects in pipeline are

all on Track

2Q2021 HIGHLIGHT

New projects performance improved, establishing

strong foundation for future growth

Warehouse Operation Updates

Acquisitions / New Investment

On going Projects

COMPANY BUSINESS STRUCTURE OVERVIEW

74.3%

22.8% 2.9%

JWD GROUP TOTAL REVENUE IN Q2/2021

1,281.9Million Baht

Logistics & Supply Chain

Food Supply Chain Other Business

1

2 3

4

LOGISTICS & SUPPLY CHAIN SERVICES

5

46.8% 3.7%

2.6%2.5%

• General Goods

• Dangerous & Chemical Goods

• Automotive

• Cold Storage

• Document Storage

Warehouse &

Yard Management

• Barge Terminal

• Rail Yard Management

Transportation & DistributionRelocation

Service

Self Storage Logistics Infrastructure

Management

• General Goods


• Automotive

• Cold Storage

• Express

• Project Cargo

74.3%Logistics & Supply Chain

Share of Revenue

• Self Storage

• Self Deposit

• Art Space

• Wine Bank

• Relocation services for household,

offices domestic and international

15.8%

Overseas

• General Warehouse

• Cold Storage

• Custom Clearance Service

• Cross Border

2.9%

3.7%

Transportation & DistributionRelocation

Service

• General Goods


• Automotive

• Cold Storage

• Express

• Project Cargo

• Relocation services for household,

offices domestic and international

15.8%

Overseas

• General Warehouse

• Cold Storage

• Custom Clearance Service

• Cross Border

2.9%

FOOD SUPPLY CHAIN SERVICES & OTHER

Food Services

22.8%Food Supply Chain

Share of Revenue

Other Business

Share of Revenue

2.9%

6

• Food Procurement

• Food Processing

• Food Trading & Distribution

Other Business Unit

• Property Development

• IT Solutions for Supply Chain

Management

• Investment

• Other Income

LEADER IN LOGISTICS WITH STRENGTHS IN DIVERSITY

Project Cargo

Logistics Value Chain

B2

BB

2C

C2

C

Logistics

Infrastructure

Transportation

& Distribution

Warehouse &

Yard Management

Last Mile

Transportation

Port & Terminal

Railway

General Goods

Dangerous & Chemical Goods

Automotive

Cold Chain

Record & Information

Fulfillment Center

Relocation Self-Storage

Art SpaceCold Chain

Express

7

Diversity

Across

CUSTOMER

SEGMENTS

Diversity Across VALUE CHAIN

Diversity Across INDUSTRIES

E-Commerce

Logistics

AGENDA

2

Situation

Updates

4

8

3

Company Overview

1 5Strategic

Direction/Strategy

Project

UpdatesFinancial Performance

Latest economic developments

Domestic spending, especially in the services sector, had been affected by

the third wave outbreak. Meanwhile, exports and production expanded continuously.

9Source: Bank of Thailand Resources and Estimation / Ministry of Commerce, Thailand

Bank of Thailand GDP Reforecast

3.2%3.9% 4.1%

2.4%

-6.1%

1.8%

3.9%

2016 2017 2018 2019 2020* 2021E 2022E

Reforecast Period

Economic Recovery Estimation

*Outturn , E Estimation

18,819.46 19,376.68

19,706.57

21,429.27

23,699.43

Treading Economics

Thailand Exports

Exports from Thailand jumped 43.82 percent YoY to USD 23.70 billion in

June 2021, beating above market expectations of a 38.98 percent growth

and after a 41.59 percent gain a month earlier. This was the fastest rise in

outbound shipments in eleven years, amid strengthening foreign demand

in the wake of coronavirus infections. Sales of vehicle and auto parts

jumped 78.5% YoY. while those of computers and parts gained 21.6%.

Exports rose to the US (41%), China (42%), Japan (32%), and the EU (47%).

In the first half of the year, shipments grew by 15.53% from the same

period of 2020.

Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021

Unit: Billion USD

The economy would expand at a slower pace due to more prolonged and

severe outbreak situation, and would still face significant downside risks

from virus mutations.

Impacts of a prolonged outbreak and virus mutations

• Reduce vaccine efficacy and delay herd immunity attainment

• Impacts on domestic confidence and the possibility of entering

into a public health crisis could adversely affect domestic spending

• Delayed reopening plan to admit foreign tourists

Q2 Situation Update and Outlook: During Q2/2021, the Company had good revenue

growth amid the covid-19 situation.

10

Performance Outlook

Y2019 Y2020 Y2021F Y2022F Y2023F

Yearly OutlookYearly OutlookQuarterly Outlook

Actual Performance Forecasted Performance

Q2/2021 Performance Outlook

Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21

Seasonal Drop

& COVID-19

Seasonal Drop

& COVID-19

The mainly resulted from the recovery and improvement

of dangerous goods supply chain situation. Furthermore,

there was a positive impact from the global shipping

container shortage where the company had increasing

revenue from the storage during the quarter

Cold chain business had additional capacity of the new

cold storage (Building 9 in Mahachai), which utilizes the

automated storage and retrieval system (ASRS). The

occupancy rate of Building 9 reached 90% in Q2/2021

The significant revenue increased mainly resulted in

recognition the revenue of VNS Transport Co., Ltd., In

addition, the significant revenue increased recovery

volume of dangerous goods and automotive and parts

transportation

The rapid recovery of automotive industry, enabling the

company to resume suspended projects from many

customers during this quarter.

AGENDA

3

Strategic Direction/

Strategy

4

11

Company Overview

1 5Project

UpdatesFinancial Performance

2Situation

Update

Net Profit Growth

12

JWD 5 YEARS BUSINESS ROADMAP

5 YEARS GROWTHExpected

PerformanceRevenue Growth

10

Billion

Existing Business New S-Curve

To Become Top Diversified Logistics Business in Asia:

15%

1. ACQUIRE &

SCALE UP

Group

Transport

2. BUILD &

SCALE UP

Cold Chain

Regional Hub

3. REGIONAL

EXPANSION

Vietnam,

Cambodia,

Indonesia

4. GROW B2C

SEGMENT

E-commerce

Business

Model

Expansion

5. ENTER

NEW SECTOR

THROUGH JV

Property

Solutions

13

JWD 5 YEARS BUSINESS ROADMAP : EXISTING BUSINESS

ACQUIRE & SCALE UP GROUP TRANSPORT

To Serve Multimodal Transport Across All Platforms

BUILD COLD CHAIN REGIONAL HUB

To Tap With Strong Demand Growth From Regional

urbanization

REGIONAL EXPANSION

Continue Invest & Expand Business Focusing On

Vietnam, Cambodia & Indonesia

Sea & Rail Land Transport Service

CURRENT FUTURE

INDUSTRIAL SECTOR

FUTURE

DISTRIBUTION CENTER

KEY BUSINESS PLAN

Work more closely for future

collaboration

Expand business into new

sectors namely chemicals and

automotive

VIETNAM CAMBODIA

KEY BUSINESS PLAN

Provide fully integrated logistics

services to double size the

business in 5 years.

Dry & cold storage

Nationwide distribution &

express delivery

INDONESIA

KEY BUSINESS PLAN

Scale up business of cold

chain service through

M&A

Expand business into new

sectors namely chemicals

and automotive

• Samutsakorn

• Suwintawong

• Bangna K.M.19

14

JWD 5 YEARS BUSINESS ROADMAP : NEW S-CURVE

GROW B2C SEGMENT

E-COMMERCE BUSINESS MODEL

EXPANSION

ENTER NEW SECTOR

THROUGH JV

PROPERTY SOLUTIONS

LAST MILE DELIVERY

ORDER FULFILLMENT

SELF-STORAGE

Domestic Expansion

-No. 1 in Thailand-

-Service area 30,000

Sq.m.-

Regional Platform

Largest self-storage

operator in Asia

Order Fulfillment for

General Goods

Order Fulfillment for

Temperature

Controlled Goods

Last Mile Delivery for

General Goods

Last Mile Delivery for

Temperature

Controlled Goods

FOCUS ON SOPHISTICATED SECTORS

Chemical & Dangerous goods

Cold Chain

Automotive

Order fulfillment

LED BY TECHNOLOGY &

INTELLIGENCE SOFTWARE

FOR SOLUTIONS

MANAGEMENT

SCOPE OF SERVICES

Logistics Park

Industrial Estate

Automated Factory

Urbanized Properties & Solution

REIT

ALPHA INDUSTRAIL SOLUTION

Logistics & Industrial Properties Developer

AGENDA

4

Project

Updates

15

Company Overview

1 53Strategic

Direction/StrategyFinancial Performance

2Situation

Update

PROJECTS UPDATE OVERVIEW

Warehouse Operation Updates

ASRS warehouse : Datasafe / Cold

Storage B.9 operation updates

PACM project on progress

Order Fulfillment Center

New Cold Storage : Saraburi

Acquisitions & New Investment

New Acquisition : Smilesun (ESCO)

On going Projects

JWD x ORI (Alpha Industrial Solution)

Logistics infrastructure business update

ASRS Warehouse : DataSafe

WAREHOUSE OPERATION UPDATES : ASRS WAREHOUSES

36%

Started Operation

Jan.2021

Occupancy Rate

Storage Capacity

4,955 Sq.m

Location

90%Suwinthawong

Started Operation

Occupancy Rate

Storage Capacity

Location

Mar.2021

Mahachai

12,000 Pallet

ASRS Warehouse : Cold Storage B9

OR

WAREHOUSE OPERATION UPDATES : PACM COLD STORAGE / ORDER FULFILLMENT CENTER

Expected completion

Q3/2021

CAPEX

Storage Capacity

10,800 Sq.m

500 MB.

Storage Capacity Expected completion

CAPEX

Q4/2021

Project Progress

PACM Cold Storage

56 MB.

Project Progress

5,920 Sq.m

Order Fulfillment Center, Sam wa

32% 90%

OR

WAREHOUSE OPERATION UPDATES : NEW COLD STORAGE - SARABURI

Expected completion

Oct.2022

CAPEX

Storage Capacity

380 MB.

8,000 Sq.m

New Cold storage - Saraburi

REGIONAL DISTRIBUTION CENTER WITH NATIONWIDE COVERAGE

FUTURE

INDUSTRIAL SECTOR

Khon Kaen

Saraburi

Songkhla

Project Pipeline 2021-2023

Target Locations

CURRENT

Mahachai

Suwintawong

Bangna K.M.19

FUTURE

DISTRIBUTION CENTER

Chiang Mai

Phitsanulok

Phuket

Start construction

Sep.2021

20

NEW ACQUISTIONS : ESCO

JWD splurged on a major investment this year by buying up to

20-percent effective shares in Eastern Sea Laem Chabang

Terminal or ESCO, a key container terminal operator at the Laem

Chabang Deep-Sea Port in Chonburi Province and an inland

container depot (ICD) service provider at Ladkrabang. JWD’s

share acquisition will result in JWD becoming a business partner

of PSA, who manages and operates Singapore’s world-class

transshipment hub, as PSA is also a shareholder in ESCO.

The operator of international container

terminals at three locations within Laem

Chabang Deep-Sea Port,

namely,

(1) ESCO (B3)

(2) LCB1 (B1) terminal

(3) LCMT (A0) terminal

The ports were handling around 2 million

TEUs of containers, amounting to about 20

percent of the total containers that were

processed through Laem Chabang Deep-

Sea Port in the past year.

An inland container depot (ICD) service

provider at Ladkrabang to handle

containers for various shipping lines

that are not located close to Laem

Chabang Port, to help reduce lead time

and transportation cost.

The revenue is derived from the

operation of the container yard, import

and export warehouses along with

customs clearance services, as well as

the furbishment and transportation of

containers through land and rail.

ESCO SERVICES

EASTERN SEA LAEM CHABANG TERMINAL CO LTD (ESCO)

21

ESCO SERVICES : TERMINAL & INLAND CONTAINER DEPOT (ICD)

CAPACITY

TERMINAL AREALOCATION

Terminal A0, B1

and B3 in Laem

Chabang Port

2.2 Million TEUs

490,000 Sq.m

TOTAL BERTH

ESCO in Laem Chabang Port ESCO in Lat Krabang ICD

LOCATION

MAXIMUM STORAGE

Lat Krabang

TERMINAL AREA

97,000 Sq.m

CONTAINER YARD

72,000 Sq.m6,700 TEUs4 Berths

JWD ESCO KEY BUSINESS SYNERGY

Integrated

multimodal and

other logistics

service

offerings,

covering both

ESCO Terminal

& ICD

Joint opportunity

in mutually

strategic

investment

projects i.e.

logistics park,

international

logistics hub, etc.

Multimodal operation

collaboration to

improve productivity

and cost optimization

i.e. container

movement planning,

equipment

sharing/collaboration,

M&R optimization,

etc.

Joint opportunity

in both Port &

Logistics

expansion in

overseas i.e.

Vietnam,

Indonesia, etc.

PSA network

leverage in other

key countries to

expand new

business in

future

JWD GROUP INFRASTRUCTURE BUSINESS

Barge Terminal :Terminal A , Laem Chabang Port

ICD, Ho Chi Minh

Mipec Port, Hai Phong Terminal A0, B1 and B3, Laem Chabang Port

ICD, Lat Krabang

The investment in ESCO will serve as an extension of our international freight port operations in Laem Chabang. With our stake in

Transimex, a major logistics provider from Vietnam, incoming international shipping port service business will empower us to provide

multimodal transportation services, connect a wide range of freight services, including by land, rail, water, and increase the opportunity to

expand our customer base from container port service and Lat Krabang ICD service to provide a full range of logistics services.

Rail yard Management / Bokseng Dry Port

24

ESCO OPERATION PERFORMANCE & FINANCIAL

OPERATION PERFORMANCE PAST & PROJECTION FINANCIAL

565

459

305349

400459

1,015

1,097

924979

1,0361,097

855

785

715737 761

785

199 209 216 209 209 209

2018A 2019A 2020A 2021E 2022E 2023E

THROUGHPUT ('000 TEUs) UNIT : MILLION THB

1,548.9

1,265.2

876.1

1,201.1

1,352.6

1,542.0 1,589.4

1,619.2

2018A Y2019A 2020A 2021E 2022E 2023E 2024E 2025E

The investment is in accordance with the 5-year strategic plan in acquisition and scaling up of JWD Transport – to increase its

capability to more effectively provide multimodal transportation logistics that will have connectivity with various modes of

transportation such as road, rail and sea and to expand the customer base from the international container terminal and the ICD at

Ladkrabang for the use of the Company’s integrated logistics services.

ON GOING PROJECTS : JWD x ORI (ALPHA INDUSTRAIL SOLUTION)

Sq.m

550 MB.

20,000

Storage CapacityLocation

CAPEX Project Progress

FIRST PROJECT

Bangna

Km.22

Multi-temperature cold storage &

Temperature controlled warehouse

Sq.m

3%

ALPHA INDUSTRAIL SOLUTION

Logistics & Industrial Properties Developer

• Temperature from +15c to +30c

• Floor area: 15,000 sq.m.

• ASRS: 4,512 pallets

Multi-Temperature Cold Storage

• Temperature from -20c to +4c

• Floor area: 5,000 sq.m.

• ASRS: 4,872 pallets

Temperature Controlled Warehouse

ON GOING PROJECTS : LOGISTICS INFRASTRUCTURE BUSINESS UPDATE

428 688

27,792

31,835

39,143

45,593 46,000 46,000

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21F Q4-21F

18,921 18,829

13,49114,820 14,661

12,080

18,000 18,000

1,000

3,000

5,000

7,000

9,000

11,000

13,000

15,000

17,000

19,000

21,000

Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21F Q4-21F

AGENDA

29

Company Overview

1 43Strategic

Direction/Strategy

Project

Updates

2Situation

Update

5

Financial

Performance

OVERALL FINANCIAL HIGHLIGHTS

30

GPM

NPM

Revenue from

rental and

rendering of

service

Unit: THB Million

Other income

SG&A

347.4(YTD21) MB

313.9 MB (YTD21)

10.7%

Net Core Profit*

256.3(YTD21) MB

81.0%

141.6 MB (YTD20)

Total Revenue

*Remark: Net Core Profit refers to Net Profit attribute to owners of the company

Finance Cost

99.5(YTD21) MB

99.6 MB (YTD20)

0.1%

3,565.7

3,857.6

2,303.1

873.6 1,049.8

1,253.3

94.5

64.9

47.4

13.7 18.7 28.6

78.6

3,660.2

3,922.4

2,429.1

887.3

1,147.1 1,281.9

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

78.6

Extra items

9.9%7.4%

10.6%

28.0%

24.9% 25.3%24.5%

25.7% 25.0%

5.4%

12.3%9.0%

Overview of Financial Information

31

JWD

Financial

Tracking

Logistics

& Supply

Chain

Food Supply

Chain

1

2

1.1.A

General Goods

1.1.B

Dangerous Goods

1.1.C

Automotive

7.7%

11.5%

9.5%

1.1.E

Cold Storage

Warehouse & Yard

Management

Transport & Distribution

Relocation

Self Storage

Logistics Infrastructure

1.1

1.2

1.3

1.4

1.5

1.1.D

Document Storage

2.3%

46.8%

15.8%

2.5%

2.6%

74.3%

22.8%

Other

Business

32.9%

15.8%

Overseas Business

2.9%

3.7%

1.3

1.6

Operating Revenue Breakdown by Business Structure

32

Operating Revenue Breakdown by Business Structure

Operating Revenue from Logistics Business Unit by Service

Logistics &

Supply Chain

Food Service

Warehouse & Yard

Management and

Document StorageOther business

Transportation &

Distribution

Relocation

Logistics Infrastructure

Self Storage & Art

Space

Unit: THB Million

Unit: THB Million

494.5576.1 599.3

• As a result, the Company has increased revenue mainly due to warehouse and yard management especially chemical & dangerous goods, automotive and cold storage.

• Transportation has increased revenue from increasing service volume in dangerous goods, controlled-temperature chilled and freeze product, cross border and car carrier. Also, this mainly

resulted of the revenue from VNS Transport Co., Ltd., which is the main transportation service.

• Logistics infrastructure has increased revenue from increasing service volume at the Barge Terminal.

• Self storage and art space has increased mainly due to the increasing in revenue of Art space services from selling art pictures and increased demand in self- storage service following the

growth of E- commerce business.

YOY

81.7% 73.6%

75.7%

73.6%75.2%

76.0%

17.6%26.0%

23.8%

26.1%

24.5%

23.3%

0.7%

0.4%

0.5%

0.3%

0.3%

0.7%

3,565.7

3,857.6

2,303.1

873.6

1,049.8 1,253.3

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

YoY +43.5%

QoQ +19.4%

6.6

12.3

31.9

12.3

32.3 34.0 33.9

38.3

47.1

0.0 0.0

37.6

Q2/20 Q1/21 Q2/21

95.3130.0

202.7

Overseas Business

96.7%

99.3%

97.3%

102.1%97.3%

97.4%

4.3%

4.8%

5.6%

2.9%

5.0%6.0%

-1.0% -4.1% -2.9% -5.0% -2.4% -3.4%

997.9

911.0

561.3

200.7

262.0299.4

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

Gross Profit by Business Structure

Gross Profit & Gross Profit Margin Breakdown

Gross Profit Margin of Logistics by Services

YoY +49.2%

QoQ +14.3 %

Warehouse &

Yard Management

Transportation &

Distribution

Relocation

Logistics

Infrastructure

33

Unit: THB Million Unit: THB Million

-20.4%

14.6%32.9%

0.0%

0.0%

23.1%

Q2/20 Q1/21 Q2/21

Self Storage &

Art Space

Logistics &

Supply Chain

Food Service

Other

• Gross profit has increased YoY mainly due to the higher revenue and better cost

control from some especially chemical & dangerous goods , automotive, cold

storage, transportation and logistics and infrastructure.

YoY

36.7%37.8% 38.3%

17.1%

25.9%

22.8%

14.6%

21.7%

24.2%

18.8%

14.5%

11.6%

Overseas Business

Warehouse & Yard Management Services Overview

34

Warehouse & Yard Management Revenue Breakdown

Unit: %

Warehouse & Yard Management Gross Profit Margin Breakdown

Cold Storage

Document Storage

General Goods

Dangerous Goods

Automotive

Unit: THB Million, %

• Revenue from warehouse and yard management increased mainly due to rise in revenue of dangerous goods, automotive and cold storage warehouse as a result of the improvement of

export and import activities.

YoY

38.9%

15.9%9.3%

10.7%

34.5%

37.0%

45.4% 45.0%

46.6%

29.3%

44.9%

46.0%

48.2%

45.7%

44.9%

Q2/20 Q1/21 Q2/21

General Goods

Automotive

Cold Storage

Dangerous Goods

Document Storage

5% 6%

5%6% 5% 5%

30% 36%

34%

40% 34% 34%

22%

18%

20%

12%20% 20%

26%21%

24%

20%23% 2%

16% 18%

17%

22%17%

16%

2,124.4 2,114.4

1,175.4

494.5576.1 599.3

Y2019 Y2020 YTD21 Column1 Q2/20 Q1/21 Q2/21

35

127.3 145.8 147.4

95.6%89.3% 91.9%

Q2/20 Q1/21 Q2/21

Area Occupancy Rate

343.4

391.0

198.6

107.3 100.5 98.1 70.9

101.2

25.1 41.7 16.0 9.1

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

Revenue Gross Profit

20.6% 25.9%12.6%

38.9%15.9% 9.3%

GPM

556.8

452.2

283.0

99.0 135.3 147.7

251.0

181.0 128.7

29.0 60.7 68.0

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


GPM

Unit: THB Million

Unit: THB Million

Unit: ‘000 Sq.m.

Unit: TEU*

TEU*= Twenty-Equivalent Unit

YoY +23.3%

QoQ +3.5%

36,331

43,263 44,784

Q2/20 Q1/21 Q2/21

A. Warehouse & Yard Management: General Goods

Revenue & Gross Profit Area & Occupancy Rate

B. Warehouse & Yard Management: Dangerous Goods Terminal and Chemical

Revenue & Gross Profit Dangerous Goods Yard Throughput

Revenue from dangerous goods terminal and

chemical increased due to:

The recovery and improvement of dangerous

goods supply chain situation. Furthermore,

there was the situation of global shipping

container shortage where the shipping lines

have to set a faster delivery time for

containers. Therefore, the volume of

dangerous goods throughput had been at a

higher level than before the pandemic

situation as well.

Gross Profit from general goods decreased

due to:

the decreased revenue from storage while

increasing in operating cost of value added

service and also the commencement of

operation of JWD Navanakorn project, where

the Company had recognized an initial

operation setup cost. However, the Company

expects that the operating cost from the

project will be improve, while operations in

other facilities were consistently well-perform

YoY

Explanation

YoY

Explanation

OR

Warehouse & Yard Management Services Drivers

45.1% 40.0% 45.5%29.3%

44.9% 46.0%

36

395.3 392.6392.6

658.4 658.4 658.4

1,053.7 1,051.1 1,051.1

Q2/20 Q1/21 Q2/21

Yard Area On-site Area

464.9

387.8

238.6

60.4 117.4 121.2

162.1

101.0 85.3

6.540.5 44.8

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


34.9% 26.0% 35.8%10.7%

34.5% 37.0%

GPM

Unit: THB Million Unit: ‘000 Sq.m.

D. Warehouse & Yard Management: Document Storage

C. Warehouse & Yard Management: Automotive


Revenue from automotive increased due to:

• the rapid recovery of automotive industry,

along with the company had the new

contracts with customers.

YoY

Explanation

OR

Warehouse & Yard Management Services Drivers (Cont’d)

112.0 117.2

58.7

28.4 29.1 29.6

51.6 57.3

26.513.7 13.3 13.3

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


46.1% 48.9% 45.1% 48.2% 45.7% 44.9%

GPM

Unit: No. of CartonUnit: THB Million

985,466

1,021,990

1,038,248

Q2/20 Q1/21 Q2/21

No. of Carton Explanation

Revenue from document storage increased

due to:

• Rise in number of cartons by 5.4% from

Q2/2020

YoY:

Revenue Portion

YoY +5.4%

QoQ +1.2%

Revenue & Gross Profit

Storage

YardTransport

41%28%

31%

On Site

Service

53.3%65.4% 70.1%

37

79.179.1 79.1

77.9%74.2%

80.2%

Q2/20 Q1/21 Q2/21

Area Occupancy Rate

647.3

766.2

396.5

199.4 193.8 202.7 271.2

332.5

181.6

90.5 87.1 94.4

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


41.9% 43.4% 45.8% 45.4% 45.0% 46.6%

GPM

Unit: THB Million Unit: ‘000 Sq.m.

E. Warehouse & Yard Management: Cold Storage


Revenue from cold storage increased due to:

an increasing trend of storage and service

volume from poultry and seafood products,

especially shrimp and tuna in Samut Sakhon

location where there was an increased market

demand due to the COVID-19 pandemic

YoY

Explanation

Warehouse & Yard Management Services Drivers (Cont’d)

37

Q2-2021 Proportion of Products

SeafoodMulti

Type

Vegetable

&Fruits

Poultry&

Meat

42%

22%

10%

26%

430.5 398.8

250.8

86.3 119.7 131.1

60.7

60.7

30.6

36.6

9.0

10.3

10.9

461.1

435.4

332.7

95.3

130.0

202.7

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

21.2

Unit: No. of Trips

Transportation & Distribution Services Drivers

38

43,867

47,533

48,913

Q2/20 Q1/21 Q2/21

GPM

1,570

1,957 1,987

Q2/20 Q1/21 Q2/21

Unit: THB Million Unit: No. of TripsYoY +11.5%

QoQ +2.9%

13.9% 16.2% 12.7%18.8%

14.5% 11.6%YoY +26.6%

QoQ +1.0%

1.2 Transportation and Distribution Business

Revenue

1.2 Transportation and Distribution Business (Domestic)

No. of Trips

1.2 Transportation and Distribution Business (Cross border)

No. of Trips

Revenue from transportation and distribution

increased due to:

• from recognition the revenue of VNS

Transport Co., Ltd., which has the core

business is the transportation service. In

addition, the significant revenue increased

of volume of dangerous goods and

automotive and parts transportation,

following the recovery of the dangerous

goods and automotive industry.

YoY:

Revenue from cross border transportation and

distribution increased due to:

• Majority of revenue were attributed to JWD

Asia Cambodia instead while overall trips

and revenue significantly increased

YoY:

Explanation

Explanation

Cross Border

Domestic

Milk run*

Gross Profit

64.0 70.4

42.4

17.9 18.9 23.4

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

* Milk run = Revenue from VNS

39

212.2187.2

80.3

49.8 41.437.6

48.7 49.8

20.9 13.7 10.6 8.7

0.0

50.0

100.0

150.0

200.0

250.0

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


23.0% 26.6% 26.1% 27.4% 25.6% 23.1%

1.3 Overseas Business

Revenue & Gross Profit Explanation

Note:

Overseas Business

• The Company started recognition the

revenue of JWD Asia logistics (Cambodia)

since Q2/2021 after acquired of 10%

additional shares in EMLOG Logistics &

Warehouse Pte Ltd. (EMLOG) from 50% to

be 60% resulting that EMLOG is an indirect

subsidiary of JWD (Registered on 22

March 2021).

Occupancy Rate

1,504 1,504 1,504

2,035 2,035

3,539 3,539 3,539

Q2/20 Q1/21 Q2/21

General WH Cold Storage

2,035

81.4% 75.6% 79.9%

Unit: Sq.m.

OR

1,150 1,150 1,943

3,395 3,395 3,395

3,384 3,3843,384

960 960 960 1,743 1,743

2,400 2,400

8,889

10,632 13,825

Q2/20 Q1/21 Q2/21

SKT SAM TRM RAM RAMA9 PK

Unit: THB Million

Unit: THB Million

GPM

Relocation & Self Storage Drivers

40

GPM

16.2

32.6

44.2

12.3 12.3

31.9

-7.6 -3.1

12.3

-1.3

1.8

10.5

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


Unit: No. of Jobs

45.7%45.9%

49.7%

Unit: Sq.m.

Occ.

Rate

1,007 1,198

922

Q2/20 Q1/21 Q2/21

-47.2%-9.5%

27.8%

-20.4%14.6%

32.9%

YoY -8.4%

QoQ -23.0%

1.4 Relocation

Revenue & Gross Profit No. of Jobs

1.5 Self Storage


Revenue from relocation increased due to:

• Increasing revenue due to the household

moving service

Revenue from self storage increased due to:

the increasing in revenue of art space

services from selling art pictures and

increased demand in self- storage service

following the growth of E- commerce

business.

Explanation

Explanation

YoY:

YoY:

269.4

181.3

85.4

33.9 38.3 47.1

88.7

41.9 19.7

5.0 8.3 11.4

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


32.9%23.1% 23.1%

14.6%21.7% 24.2%

628.8

1,001.3

549.0

228.2 257.1 291.9

42.7 43.9 31.3 5.8 13.2

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


6.8%4.4%

5.7%

2.5%5.1% 6.2%

GPM

Logistics Infrastructure & Food Supply Chain Drivers

41

41.5

76.4

66.3

12.3

32.3 34.0

12.9

22.516.2

2.1 8.4 7.8

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21


31.1% 29.5% 24.4%17.1%

25.9% 22.8%GPM

Unit: THB Million


Unit: No. of Trips

18,787 14,661 12,080

45,593 19,475

53,804 57,673

Q2/20 Q1/21 Q2/21

Rail Yard Barge Terminal

39,143

YoY +196.1%

QoQ +7.2%

6.8%4.6% 5.7%

GPM

1.5 Logistics Infrastructure

Revenue & Gross Profit No. of Trips

2. Food Supply Chain

Revenue & Gross Profit CSLF Past Performance

Revenue from logistics infrastructure

increased due to:

mostly contributed from the consistently

increased volume of Barge terminal since the

start of its operation.

Revenue from food supply chain increased

due to:

the additional sales volume of cut vegetable,

frozen food and hotpot ingredients. The food

service business was benefited from higher

demand caused by the pandemic situation.

Explanation

YoY:

Explanation

YoY:

624.3

999.2

549.0

42.5 46.2 31.3

Y2019 Y2020 YTD21


688

Equity Income from Affiliates

42

Equity Income

CompanyPerformance*

Siam JWD

(42.5%)

CJ JWD

(49.0%)

PPSP

(14.6%)

Bokseng

(40.0%)

JWD Asia Cambodia(50.0%)

JVK Cambodia

(50.0%)

Samudera JWD

(48.7%)

Adib Cold Logistics

(32.6%)

Unit: THB Million

Country

Thailand

Cambodia

Indonesia

Explanation

YoY: Equity Income decreased by

THB 1.0 million

YoY: Equity Income decreased by THB

10.9 million or 576.6% due to the

pandemic lock down condition in

Cambodia , causing PPSP unable to

sell its land to foreign investors.

Transimex

(24.23%)Vietnam

YoY: Equity Income decreased by THB

0.9 million or 3.2%

YoY: Equity Income decreased by

THB 5.2 million

OtherYoY: Equity Income slightly increased

by THB 0.4 million

Not that: the equity income from investment in associates and joint ventures decreased by 24.9 million or 44.0% due the equity income decreased from loss from liquidation business

in Laos of Baht 11.3 MB which is an extra item incurred in Q1/2021. and the pandemic lock down condition in Cambodia, causing PPSP unable to sell its land to foreign investors.

* Chart does not fit to scale

52.9

103.6

58.2

28.1

31.0 27.2

67.5

19.4

-20.2

1.9

-11.2 -9.0

0.8 2.5 0.5

1.2 0.4 0.1

-0.1 -1.5

0.3

-0.3 0.1 0.1

-8.2 -7.0 -7.2

0.7 -2.6 -4.6

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

Vietnam Cambodia Thailand Other Indonesia

451.6

428.3

179.4

113.5

92.3 87.1

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

125.9

140.4

52.4

9.1

28.424.0

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

Overseas Revenue and Gross Profit from Logistics Under JWD Operation

43

Revenue from Logistics Under JWD Operation Gross Profit from Logistics Under JWD Operation

GPM

• Overseas revenue and gross profit from logistic business under JWD operations were a contribution of financial performance from Bok Seng, JWD Asia Logistics (Cambodia) Co.,

Ltd , JWD Asia, JWD Asia Logistics (Myanmar), Adib Cold Logistics (ACL), Samudera JWD Logistics (SJL), and Datasafe (Cambodia), which are all mainly operated by JWD

• The revenue decreased due to the of the COVID -19 pandemic and lock down condition in Cambodia and Indonesia caused import and export.


27.9%32.8%

29.2%

8.0%

30.7% 27.5%

Operating Expenses and Finance Costs

44

SG&A and Finance Cost

SG&A

YTD21

SG&A increase due to:

• Increasing in variable expenses associated with revenue and profit growth. The company

still maintained effective operating cost control with cost to total revenue ratio at 14.3%.

• The company had SG&A from extra items of Baht 8.8 million from loss from liquidation

business in Laos and allowance for doubtful expense.

Tax expense higher due to:

• The company had deferred tax of Baht 14.6 million from extra items and allowance for

doubtful expense.

Finance

Cost

SG&A Breakdown

Employee

Others

DepreciationConsult

Travelling

Unit: THB MillionUnit: THB Million

Selling expense

68% 68%63%

14% 14%

16%

5% 7%7%

7% 7% 10%2% 2% 1%2% 3% 3%163.6

170.6 176.8

Q2/20 Q1/21 Q2/21

699.6643.9

338.6

163.6 161.9 176.8

108.5190.9

99.5

48.4 47.252.3

8.8

808.1 834.8

446.9

212.0 217.9 229.1

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

8.8

Tax Expense

1.6 12.1 12.7

Q2/20 Q1/21 Q2/21

Tax Expense

Extra items

26.7

14.6

362.8

290.0

203.3

48.1

96.8 106.5

53.0

44.09.0

362.8

290.0

256.3

48.1

140.8

115.5

Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21

Net Core Profit & Net Core Profit Margin

45

9.9%

7.4%

10.5%

5.4%

12.3%

9.0%

NPM

Net Core Profit

Unit: THB Million

Net Core Profit & Net Core Profit Margin*

*Net Core Profit refers to Net Profit attribute to owners of the Company

**Net Core Profit include Gain on sale of assets to trust

Net Core Profit

Margin

YoY+3.6%

QoQ

-3.3%

Net Core Profit

YoY

+140.1%

QoQ

-18.0%

• The Company had net profit from extra items of Baht 9.0 million and net profit attributable to owners of the Company (before extra items) for

Q2/2021, of Baht 106.5 million, net profit margin (before extra items) was 8.3% which increased by Baht 58.4 million, or 121.4 %

YoY

Extra items

Statement of Financial Position

46

3,987.0 4,231.0

3,130.9 3,620.9

573.0

542.2 1,782.8

2,295.0 9,473.7

10,689.1

21%

5%

31 Dec 20 30 Jun 21

33%

6%

42%

19%Current Assets

Investment properties

Property, Plant and

Equipment

Other Non Current Assets

34%

40% 3,251.6 3,484.7

1,593.71,614.6

2,217.1

2,876.0

2,411.3

2,713.8

9,473.7

10,689.1

31 Dec 20 30 Jun 21

34%

25%

23%

18%

Shareholder‘s Equity

Long-Term Loans

Current Liabilities

Other Non-Current Liabilities

33%

25%

27%

15%

Statement of Financial Position

(Million Baht, %)Total Assets (Million Baht, %)Total Liabilities and Equity

• Total Assets increased mainly due to the increase in Cash and cash

equivalents, trade and other receivables, other non-current financial

assets , investments in associates and joint ventures and property, plant

and equipment.

• Total Liabilities increased mainly due to the increasing of debentures of Baht

700.0 million in Q1/2021.

Total Assets Total Liabilities

Total Equity

• Total Equity increased mainly due to the recognition of retained earnings and

non-controlling interests.

Key Financial Ratio

47

Debt to Equity Ratio (Times)Interest Bearing Debt to Equity (Times) Net Debt to EBITDA (Times)

Debt portion from TFRS16

Ratios excluded TFRS16

1.10x 1.13x1.27x

0.51x0.47x

Y2019 Y2020 Q2/21

1.74x1.64x

1.10x

1.39x1.40x

1.60x

0.51x

0.47x

Y2019 Y2020 Q2/21

2.07x

1.39x

4.31x

3.22x 3.46x

1.44x 1.22x

Y2019 Y2020 Q2/21

4.68x4.66x4.31x

1.91x

-732.1

+376.3

Cash at 1 January Operating Activities Investing Activities Financing Activities Impact from foreignexchange

Cash at 31 December

815.0

+552.4

Cash Flow Statement

48

Unit: THB Million

Cash Flow Statement (2021)

Cash and Cash

Equivalents at January 1,

2021

Cash flow from

Operating

Activities

Cash flow from

Investing

Activities

Cash flow from

Financing

Activities

Impact of foreign

exchange rates

Cash and Cash

Equivalents at June

30, 2021

• Cash Flow from Operating Activities as at June 30, 2021 was THB 552.4 million increased by Baht 3.4 million due to theresult of better business performance as well as the

cash received from changes in Trade and other receivables.

• Cash Flow from Investing Activities as at June 30, 2021 was THB (732.1) million increased by Baht 369.6 million from the same period of previous year due to the cash used in

purchasing in subsidiaries, purchase of long-term investments and investments in property, plant and equipment

• Cash Flow from Financing Activities as at June 30,2021 was THB 376.3 million increased by Baht 924.7 million due tothe cash received from the increasing in share capital of

investment in subsidiaries, the cash received from the long-term borrowings from financial institutions and the repayment of bank overdrafts and short-term borrowings from

financial institutions .

+205.6

Net Increase / (Decrease) in Cash

and Cash Equivalents

1,020.6

+9.0

49

Q&A

The information contained in this presentation is strictly confidential and is prepared and provided by JWD InfoLogistics PCL (the “Company” or “JWD”) to you solely for your

reference. By viewing all or part of this presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this presentation. By

attending this presentation, you are agreeing to be bound by the restrictions setout below. Any failure to comply with these restrictions may constitute a violation of

applicable securities laws. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied,

duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or

elsewhere. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where

such documents are provided without express consent from the Company and its respective affiliates or advisors.

Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is

subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company

and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates

make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions

in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in

connection with any use of this presentation or its contents.

In addition, this presentation contains financial information and result of operation, and may contain certain projections, plans, strategies, and objectives of the Company, that

are not statements of historical fact which would be treated as forward looking statements that reflect the Company’s current views with respect to future events and financial

performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and

contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to

place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be

given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward-looking statements are not guarantees of

future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the

Company in the forward looking statements.

In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document

or to correct any inaccuracies therein which may become apparent.

Disclaimer

50

2q2021 company performance

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