Institutional Presentation

March 2012

Disclaimer This presentation may include forward-looking statements representing expectations about future events or anticipated result

based on factors such as economic scenario, market conditions and expected future events, over many of which the Company

has no control. This material includes forward-looking statements subject to risks and uncertainties, which are based on

current expectations and projections about future events and trends that may affect the Company’s business. These statements

include projections of economic growth, as well as information about competitive position, the regulatory environment,

potential opportunities for growth and other matters. Several factors may adversely affect the estimates and assumptions on which these statements are based.

Among the factors that may lead to materially different between actual results and anticipated results expressed in such

forward-looking statements include: (i) the effect of, or changes in, general economic conditions of Thailand and other major

trading countries such as GDP growth rate, interest rate, foreign exchange rate, import/export restriction, labor wage, and

unemployment rate; (ii) fluctuations in the cost and availability of inputs and raw materials, such as feed grains (including corn

and soybean meal); (iii) market conditions for finished products, including competition from other global and domestic food

processors, demand, supply and pricing of competing products and alternative proteins, and changes in consumer preference

and diets; (vi) outbreak of a livestock disease such as avian influenza (AI), which could have an adverse effect on livestock we

own, the availability of livestock we purchase, consumer perception of certain protein products or our ability to access certain

domestic and foreign markets; (v) issues related to food safety, including costs resulting from product recalls, regulatory

compliance and any related claims or litigation; and (vi) compliance with and changes to regulations and laws (both domestic

and foreign), including changes in accounting standards, tax laws, environmental laws, agricultural laws and occupational,

health and safety laws.

The content and forward-looking statements state within this presentation only as the date they made. The Company

undertakes no responsibility on changes after that date stated herein. The material set forth herein is for informative purposes

only. It should not be taken as an offer of securities for sale.

2

Agenda

• Company Overview

• Financial Performance

• Industry Outlook

Company Overview

5

Symbol GFPT (member of SET100 & SETHD)

Industry / Sector Agro & Food Industry / Agribusiness

Corporate Governance (2010) Very Good [80 – 89 CG Report Score]

Closed Price (30/09/2010) THB 8.75 per share (52 week High / Low: 12.10 / 7.30)

Share Outstanding 1,253.82 million share @ 1 Baht per share

Market Cap. (no. of Shareholders) THB 10.97 billion (6,620 shareholders)

% Free Float (8 Apr 2011) 43.12 %

% Foreign Shareholder / %Limit 12.09% / 49.00 %

Dividend Policy Not more than 50% of net profit of Company's separated financial

statement after deductions of any reserved portion required by law or the Company (with additional conditions)

C o m p a n y P r o f i l e

Sirimongkolkasem Family 57%

Local Individuals 28%

Local Funds 4%

Foreign Funds 10%

Foreign Individuals 1%

Free Float 43%

Top 5 Major Shareholders

1) Mr. Sujin Sirimongkolkasem 17.77%

2) Mr. Prasit Sirimongkolkasem 17.55%

3) Mr. Virach Sirimongkolkasem 14.36%

4) Nichirei Foods Inc. 4.52% 5) Mr. Anucha Kijtanamongkolchai 4.11%

6 30 years Roadmap

Initially established

1981

1991

99.99% in GFF (sausage plant) 65% in KT (feed mill)

Listed in the Stock Exchange

of Thailand 1992

1993

49% of McKey (further processing plant)

2008 New feed mill plant (KT2) @ Cholburi area 49% of GFN (chicken processing and further

processing plant)

Stock split from THB 10 to

THB 1 per share

2010

2003

99.99% of GP (grandparent farm)

1990

99.99% in FKT (parent breeder farm) 99.99% in MKS (broiler farm)

7

Company Objective

GFPT GFPT Public Company Limited Slaughter House and Further Processing Plant

96.86% KT Krungthai Feedmill PCL. Feed mill

100% MKS M.K.S. Farm Co., Ltd. Broiler Farm

100% FKT Krungthai Farm Co., Ltd. Breeder Farm and Hatchery

100% GP GP Breeding Co., Ltd. Grandparent Breeder Farm

100% GFF GF Foods Co., Ltd. Processing Plant

49% MCK McKey Food Services (Thailand) Ltd. Further Processing Plant

49% GFN GFPT Nichirei (Thailand) Co., Ltd. Slaughter House and Further Processing Plant

GFPT Fully Integrated Chicken Production

GFPT KT MKS FKT GP GFF

Feed mill Parent Breeding Farm

Slaughter House Broiler Farm Grand Parent

Breeding Farm Processing / Further Plant

GFN MCK

GFPT Group Structure

Animal Feed / Aqua Feed

Breeder Day-old-Chick Broiler Day-old-Chick Broiler Cooked Chicken / Chicken Meat Product Sausage

Cooked Chicken / Chicken Meat Product Cooked Chicken

9 Fully Integrated Chicken Production

Source: 2010 Company Data

Broiler

M K S

F K T

Broiler DOC Breeder DOC

G P

K T 1

Animal Feed

Aqua Feed

K T 2

Broiler Feed

M C K

Cooked Product

G F F

Sausage

G F P T

Chicken Meat

Chicken Part

Cooked Product

Chicken Meat

Chicken Part

Cooked Product

G F N

95%

15% 10%

100%

100%

100%

100%

Internal Use

External Sell

2010 Capacity expansion

From 12,000 MT to 24,000 MT

2010 New JV Plant (SH & FP)

Require live chicken from GFPT

Group @ 100,000 bird per day

2010 -2011 Farm expansion

From 150,000 to 250,000 bird

per day

2008 New Feed mill

Utilization increase; thus,

feed cost decrease.

2011 Farm expansion

Corn (Local)

Soybean Meal (Local)

Soybean (Import)

GP DOC (Import)

Financial Performance

11

In million Baht 2010 2011 %Chg

Revenue 12,472 14,214 14%

COGS (10,457) (12,003) 15%

Gross Profit 2,015 2,212 10%

Profit after Associated 2,233 2,319 4%

EBIT 1,380 1,444 5%

Net Profit for GFPT 1,166 1,203 3%

EPS * (THB/Share) 0.93 0.96

Profit Margin 16% 16% - Profit after Associated Margin 18% 16% (2%)

EBIT Margin 11% 10% (1%)

Net Profit Margin 9% 8% (1%)

2011 Financial Highlight

Note: Number of share is adjusted to 1 Bt per share for comparison purpose

12 2 0 1 1 R e v e n u e B r e a k d o w n

Food 48%

Feed 34%

Farm 18%

Total Revenue 14,214 million THB

Chicken Export 13%

Chicken Indirect Export 11%

Chicken Domestic

20%

Processed Food 3%

Animal Feed 15%

Fish Feed 8%

Shrimp Feed 12%

Live Chicken 15%

DOC 3%

Business Segment

Product Segment

13

471 487 587 470 490 600 672 482

17% 16%

18%

14%

16% 17% 17%

13%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

-

100

200

300

400

500

600

700

800

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Gross Profit (mm Bt) Gross Margin (%)

717 934 1,849 1,774 2,018 2,244

10%

12%

17%

15% 16%

15%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

-

500

1,000

1,500

2,000

2,500

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Gross Profit (mn Baht)

Financia l Highl ights

2,355 2,902 3,163 3,088

2,843 2,996 3,310 3,323

3,059

3,518

3,982

3,655

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Qtr1 Qtr2 Qtr3 Qtr4

Revenue by Quarter (mn THB)

2009 2010 2011

7,221 8,122

10,996 11,507

12,472

14,214

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2006 2007 2008 2009 2010 2011

Consolidated Revenue (mn THB)

+20%

+8% +17%

+10%

14

198 388 1,222 1,250 1,391 1,444

3%

5%

11% 11% 11% 10%

0%

2%

4%

6%

8%

10%

12%

14%

-

200

400

600

800

1,000

1,200

1,400

1,600

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

EBIT (mn Baht)

112 282 1,076 1,068 1,173 1,203

2%

3%

10%

9% 9% 8%

0%

2%

4%

6%

8%

10%

12%

-

200

400

600

800

1,000

1,200

1,400

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Net Profit (mn Baht)

Financia l Highl ights

335 335 435 275 312 451 448 234

12% 11%

13%

8%

10%

13%

11%

6%

0%

2%

4%

6%

8%

10%

12%

14%

-

50

100

150

200

250

300

350

400

450

500

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

EBIT (mm Bt) EBIT Margin (%)

287 289 368 219 252 362 371 218

10% 10%

11%

7%

8%

10%

9%

6%

0%

2%

4%

6%

8%

10%

12%

-

50

100

150

200

250

300

350

400

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Net Profit (mm Bt) Net Profit Margin (%)

15

5,931 6,234

3,284

3,835

5,382 5,984

2,578

2,654

1,256

1,430

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2010 9,215 mm Bt 2011 10,068 mm Bt

Fixed Assets Current Asset Equity LT Liabilities Current Liabilities

Financial Highlights

2,553 2,797 3,781 4,552 5,377 5,984

2.04 2.23

3.02

3.63

4.29

4.77

0%

100%

200%

300%

400%

500%

600%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Book Value (Baht per Share)

2,650 3,453 3,718 3,614 3,839 4,084

1.04

1.23

0.98

0.79 0.71 0.68

0%

20%

40%

60%

80%

100%

120%

140%

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Debt to Equity Ratio (x)

16

112 282 1,076 1,068 1,166 1,203

2%

5%

14%

13% 13%

12%

0%

2%

4%

6%

8%

10%

12%

14%

16%

-

200

400

600

800

1,000

1,200

1,400

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Return on Asset (%)

112 282 1,076 1,068 1,166 1,203

0.09

0.23

0.86 0.85

0.93 0.96

0%

20%

40%

60%

80%

100%

120%

-

200

400

600

800

1,000

1,200

1,400

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

EPS (Baht per Share)

Remark: The Company changed its Par Value from 10 Bt to 1 Bt since May 2010; thus, all per share data adjusted to 1 Bt per share for comparison purpose

0.03 0.08 0.25 0.25 0.30 0.33

34% 36%

29% 29%

32% 34%

0%

5%

10%

15%

20%

25%

30%

35%

40%

-

0.05

0.10

0.15

0.20

0.25

0.30

0.35

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Dividend Payout Ratio (%)

Financia l Highl ights

2,553 2,797 3,781 4,552 5,377 5,984

4%

10%

28%

23% 22%

20%

0%

5%

10%

15%

20%

25%

30%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Return on Equity (%)

17 Animal Feed

321,700 337,500 352,300

383,300 420,400

481,500

5% 5% 4% 9% 10% 13% 0%

2%

4%

6%

8%

10%

12%

14%

-

100,000

200,000

300,000

400,000

500,000

600,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Animal Feed Volume (MT)

96,100 100,800

112,600 111,000 107,700 114,000

129,500 130,500

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11 Q4 Y11

+18% yoy

+1% qoq

KT1: Animal feed to domestic market

• 10% sales growth since 2009

• Strong position in pig and layer hen

feed

KT2: Broiler feed for internal use

• Utilization rate up from increasing number of broilers raised

18 Fish Feed

51,800

43,200 46,000

51,800 52,900

57,000

(2%) (17%) 6% 13% 2% 8% -20%

-15%

-10%

-5%

0%

5%

10%

15%

-

10,000

20,000

30,000

40,000

50,000

60,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Fish Feed Volume (MT)

11,600 11,100

16,600

13,800

10,500

12,500

19,100

14,900

-

5,000

10,000

15,000

20,000

25,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11 Q4 Y11

+8% yoy

(22%) qoq

36,600

45,200 47,300

55,900 57,000 56,400

23% 5% 18% 2% (1%)

-5%

0%

5%

10%

15%

20%

25%

-

10,000

20,000

30,000

40,000

50,000

60,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Shrimp Feed Volume (MT)

11,900

13,500

17,400

14,300

9,800

13,000

18,700

15,100

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11 Q4 Y11

+6% yoy

(19%) qoq

19 Chicken Meat Business: Export Sales

6,300

10,200

18,500

20,900 21,200

14,000

11% 62% 81% 13% 1% (34%) -40%

-20%

0%

20%

40%

60%

80%

100%

-

5,000

10,000

15,000

20,000

25,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Export Volume (MT)

4,800 5,100

5,500 5,900

3,800 3,700 3,300 3,300

-

1,000

2,000

3,000

4,000

5,000

6,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11 Q4 Y11

(46%) yoy

unch. qoq

33.00

34.56

33.36 33.52

31.80

30.66

28

29

30

31

32

33

34

35

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

FX Rate (Bt/USD)

JP 39%

EU 60%

Others 1%

Export Destination

20 Chicken Meat Business

20,100 19,000

20,300

16,200

18,300

16,300

1% (5%) 7% (20%) 13% (11%) -25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

-

5,000

10,000

15,000

20,000

25,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Indirect Volume (MT)

5,000 4,900 4,500

4,000 4,200

4,500 4,100

3,700

-

1,000

2,000

3,000

4,000

5,000

6,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11 Q4 Y11

(8%) yoy

(10%) qoq

20,200 21,800

23,700 23,400

18,600 17,200

20,100 18,900

-

5,000

10,000

15,000

20,000

25,000

Q1 Y10 Q2 Y10 Q3 Y10 Q4 Y10 Q1 Y11 Q2 Y11 Q3 Y11 Q4 Y11

(19%) yoy

(6%) qoq

71,400 71,200 75,300

87,300 85,600

74,800

8% 0% 6% 16% (2%) (13%)

-15%

-10%

-5%

0%

5%

10%

15%

20%

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2006 (A) 2007 (A) 2008 (A) 2009 (A) 2010 (A) 2011 (A)

Domestic Volume (MT)

Industry Outlook

22 37 Years of Thai Chicken Meat Export

0

100,000

200,000

300,000

400,000

500,000

600,0001973

1977

1982

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

20

12(f

)

546,000 MT

Bird Flu

Shock

Source: Thai Broiler Association

UK 66%

NE 16%

GM 7%

IR 4% FR 3% BG 1%

Oth 3%

Source: Thai Broiler Association

44,000

24,000

17,054

436,000

431,000

418,005

2012(f)

2011

2010

Raw Cooked

2011 Chicken Meat Export Forecast 23

Asia 55%

EU 43%

Other 2%

JP 82%

SG 5%

S.KR 5%

Laos 3% HK 3% ML 2%

Asia Countries 201,000 MT

M.E. 42%

AFR 26% CAN

27%

RUS 5%

EU Countries 202,000 MT

2011 Export by Regions

Other Countries 52,000 MT

24 Major Commodity Pr ice

9 9 9 9 10 10

9 10

15 14 14 14 14

13 14 14

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Maize Soybean Meal

6 5 6

8 9

7

9 10

13

11 10

13

17 16

14 14

-

2

4

6

8

10

12

14

16

18

2004 2005 2006 2007 2008 2009 2010 2011

Maize & Soybean Meal (Bt/Kg)

8

13

8

12 12 12

17 18

-

5

10

15

20

25

2004 2005 2006 2007 2008 2009 2010 2011

Day-Old-Chick (Bt/Chick)

19 19

15 16

19

22

17 15

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Source: Market Data

Source: Market Data

25 Major Commodity Pr ice

26

33

28

33

38 38 41

45

-

10

20

30

40

50

60

2004 2005 2006 2007 2008 2009 2010 2011

Live Broiler ex Factory (Bt/Kg)

44 43

37 39

48

52

41 40

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

3,200 3,400 3,500

3,300

4,200 4,050 4,050

4,500

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2004 2005 2006 2007 2008 2009 2010 2011

Cooked Chicken Price (USD/MT)

3,900 4,000 4,200 4,200 4,300

4,600 4,800

4,100

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Source: Thai Broiler Processing Exporters Association

Source: Market Data

26

Contact Person: Ms. Jutamas Ingpochai Email: jutamas@gfpt.co.th

Investor Relations Department

GFPT Public Company Limited 312 Rama 2 Road Bangmod Jomthong Bangkok 10150 Thailand

Phone: +66 2 473 8000

Fax: +66 2 473 8398

www.gfpt.co.th

IR Contact