The 2019 Performance Announcement Opportunity Day Presentation

February 25th , 2020

QR Code : Opportunity Day Presentation

Content

Company Overview

Industry Info and Economic Situation

The 2019 Performance

IR Report & Investment Highlight

Q&A

Since 1994 Over 30 Leading producers - Top 3 in the world -

Business Unit

GC’s Company Overview

Commodity Polymer

Specialty Engineering Polymer &

Rubber

Specialty Chemicals & Intermediate

4

Olefin & Aromatic Producers

Monomer producers (MEG, VCM) Converters

Petrochemical and plastic producers

Upstream End users Intermediate

Compounders

Master batch producers

Compounders

Polymer producers

(PP, PE, PVC)

Downstream

Ethic Doing business with ethics and no legal offense

Sustainable Build sustainable growth of profitability and revenue to be market leader

Employee

Develop knowledge skill and expertise to staff as professional. to create a happy workplace

Business Partner Connect the best supplier and bridge advanced technologies for customer’s best value as business partner. Work closely with Financial Institute as business partner to success

Company Mission

5

Company Vision

Our Business Unit BU1 COMMODITY POLYMER

BU3 SPECIALTY CHEMICALS & INTERMEDIATE

BU2 SPECIALTY

ENGINEERING POLYMER & RUBBER

• Polyolefins

PE: HDPE, LDPE, LLDPE (C4,C8)

PP: Homo, Block Copo, Random

• PU

• Tie Layer Polymer

• Specialty Polyolefins

• Nylon, POM, PBT, TEEE, PCT, LCP, PC

• Black/White MB

• PETG/PCTG, CA

• PS, HIPS, ABS, SAN, SBC

• EVA for HMA, Hydrocarbon Resin

• PE Plastomer, PP Plastomer, TPO

• TPVs, TPU

• TPE, TPR, Reinforcement compound

• Glass Fiber (Chop Strand, Long glass)

• EPDM , BUTYL

• BR, SBR

• TALC, SILICA, CARBON BLACK

• FLAME RETARDANT (ZB, ATO)

• Plastic Additives

• Intermediate chemical

• Water and waste solutions

6

Industry Focus CONSUMERS PRODUCTS

- Flexible Film & Packaging

- Rigid Packaging

- Bubble wrap

- Shoes

- Medicals

- Others

INDUSTRIAL

- Electrical & Appliances

- Constructions

- Adhesives& Sealant

AUTOMOTIVE

- Interior Part

- Exterior Part

- Under hood

7

2018

Customer Segment by Sale Percent of Value

8

2019

3,610 MB. 3,660 MB.

Agriculture 3%

Automotive 18%

Construction 1%

Consumer products & Household

17%

Electrical & Electronics

6% Others

0%

Packaging 43%

Petrochemical & Intermediate

12%

Agriculture 2%

Automotive 21%

Construction 1%

Consumer products & Household

17%

Electrical & Electronics

5%

Others 1%

Packaging 40%

Petrochemical & Intermediate

13%

2018

Customer Segment by Sale Percent of Quantity

9

2019

76,000 Tons. 63,742 Tons.

Agriculture 3%

Automotive 11% Construction

1%

Consumer products & Household

17%

Electrical & Electronics

5% Others 0%

Packaging 52%

Petrochemical & Intermediate

11%

Agriculture 2% Automotive

14%

Construction 1%

Consumer products & Household

17%

Electrical & Electronics

4% Others 0%

Packaging 49%

Petrochemical &

Intermediate 11%

Company Strategy in 2020 : E-VCOP

Expansion Expansion our Quality Sales Value, Customer base with optimal inventory level

Value Value creation thru Innovation, Differentiation and Solution

Closely Closely work with Customer and Supplier for data Integration

Operation Operation Excellence

People People motivation and Partnership

10

Content

Company Overview

Industry Info and Economic Situation

The 2019 Performance

IR Report & Investment Highlight

Q&A

Crude Oil Price Chart

Source : Energy Information Administration (EIA)

Upside Factor + (P ) • OPEC and allies agree to deepen oil production cut from 1.2 to 1.7 million barrels of oil per day. • Escalation of US-Iran tension. • The global economy in 2020 is seeing an expanding trend, with positive implications for global oil demand.

Downside Factor – (P ) • The global oil market continues to face a surplus in Q1 of 2020. • The quantity of crude oil in the US is expected to rise to historically high levels.

H

H

L

L

BRENT : 25 Apr 19 @ 74.94

40

45

50

55

60

65

70

75

80WTI (Dollars per Barrel) Brent (Dollars per Barrel)

BRENT : 3 Jan 19 @ 46.31

WTI : 2 Jan 19 @ 46.31

WTI : 23 Apr 19 @ 66.24

Plastic Resin Price in 2019

แหล่งข้อมูลราคาเม็ดพลาสติก https://www.tpia.org/index.php/statistic-report/plasticpricereport-member

-ราคาเม็ดพลาสติกแปรผกผันกับราคาน ้ามันในบางช่วง -อุปทานในประเทศลดลง -ค่าเงินบาทแข็งค่า

85% COMMODITY

RESINS

15% SPECIALTY

RESINS

COMPETITOR BENCHMARK

COMPETITORS FINANCIAL PERFORMANCE DATA 2018

Remark: Sales growth (%) calculate by sales in 2017 and 2018

GC A B C D E F G H BENCHMARK

3,660

4,871

3,211 2,828 2,712

2,331

820 667

2,424 2,079

263 350 54 56 136 36 67 106 49 96 86 16 8 21 19 -2

11 50 7 19

Sales (MB.) Gross Profit (MB.) Net Profit (MB.)

-1.80% 5.33%

0.36%

-6.29% -1.70% -0.63% 2.05% 5.48% -2.02% -5.51%

-4.11% 5.18%

28.32%

-23.29% -34.95%

-288.74%

-35.80%

17.54%

-14.49%

-4.90%

sales growth Profit growth

Business Opportunity

Source : EIC Q1/2020 SCB

Positive externality from trade war between USA and China

Thailand were machinery and parts, chemicals, and industrial products, especially steel and plastic .The gains from such Chinese product influx were increasing of a consumer product variety, in addition to potentially lower raw material costs.

28 28

2019 Performance

29

STATEMENTS OF COMPREHENSIVE INCOME Unit : Million Baht

2019 2018 Change 2019 2018 Change

Sales 880.28 849.67 4% 3,610.47 3,660.38 -1%

COGS 814.87 793.63 3% 3,336.49 3,397.84 -2%

Gross Profit 65.41 56.04 17% 273.98 262.54 4%

Selling & Admin Expenses 32.37 29.78 9% 125.63 143.23 -12%

Reduction of inventory to net

realisable value (Reversal) (2.50) 0.50 -600% (2.00) (2.00) 0%

EBITDA 35.54 25.76 38% 150.35 121.31 24%

Depreciation 2.30 2.52 -9% 9.42 9.91 -5%

Interest Expenses 2.40 3.14 -24% 11.71 11.47 2%

Profit Before Other Income 30.84 20.10 53% 129.22 99.93 29%

Other Income 1.28 2.13 -40% 4.32 7.72 -44%

Gain (Loss) on exchange rate 2.66 1.89 41% 8.71 5.00 74%

Profit before Tax 34.78 24.12 44% 142.25 112.65 26%

Tax 6.32 4.49 41% 27.46 26.81 2%

Profit for the period 28.46 19.63 45% 114.79 85.84 34%

Other comprehensive income 0.00 0.40 -100% 0.00 0.40 -100%

Total comprehensive income 28.46 20.03 42% 114.79 86.24 33%

Actual Q4 Actual Year

30

SALES STRUCTURE

-

10

20

30

40

50

60

70

2015 2016 2017 2018 2019

40.8 51.0

42.7 40.7 48.9

21.7 21.9

22.0 22.9 26.9

0.1 0.1

0.1 0.1 0.3

'000 T

Sales Quantity BU3BU2BU1 73.0

63.7 62.6

76.1 64.8

0%

20%

40%

60%

80%

100%

2015 2016 2017 2018 2019

65% 70% 66% 64% 64%

35% 30% 34% 36% 35%

0% 0% 0% 0% 1%

Sales Quantity in Percentage BU3BU2BU1

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2015 2016 2017 2018 2019

1,915 2,287 1,976 1,869 1,838

1,707 1,661

1,714 1,757 1,722

24 31

37 34 50

Sales Value-Million Baht BU3BU2BU1

3,979 3,660 3,610 3,646

3,727

0%

20%

40%

60%

80%

100%

2015 2016 2017 2018 2019

52% 57% 53% 51% 51%

47% 42% 46% 48% 48%

1% 1% 1% 1% 1%

Sales Value in Percentage BU3BU2

BU1

GROSS PROFIT STRUCTURE

31 31

-

50

100

150

200

250

300

2015 2016 2017 2018 2019

67 85 63 66 83

170 180

189 202 198

8 9 11

11 12

Gross Profit By BU BU3 BU2 BU1

293 274

245

279 263

0%

20%

40%

60%

80%

100%

2015 2016 2017 2018 2019

27% 31% 24% 24% 28%

70% 66% 72% 72% 68%

3% 3% 4% 4% 4%

Gross Profit in Percentage BU3 BU2 BU1

3.5% 3.7% 3.2% 3.6% 4.5%

9.9% 10.8% 11.0% 11.5% 11.5%

33.3% 30.2% 31.3%

33.1%

22.8%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

2015 2016 2017 2018 2019

Gross Profit Margin by BU BU1

BU2

BU3

32 32

STATEMENTS OF COMPREHENSIVE INCOME HIGHLIGHT

Profitability Ratio

Revenue & Net Profit

Profit Margin

• GC’s gross profit margin of 2019 was higher than

2018’s due to the well manage in purchase timing as

well as the currency appreciation in 2019.

• GC’s net profit margin of 2019 has been increasing

compared to 2018’s. This was due to higher gross

profit margin and the decrease in some operating

expenses.

Revenue and Net Profit In 2019, sales value decreased from 2018’s around

1% due to the decline in selling price resulting from

the global economy slowdown which was the effect of

the US-China trade conflict. However, the sale volume

of 2019 was increased by 19% compared to 2018’s.

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

2005 2006 2007 2008 2009

-

5

10

15

20

25

30

35 3,659

3,985

3,741 3,673 3,624

79 93 90 86

115

-

30

60

90

120

150

180

3000

3500

4000

2015 2016 2017 2018 2019

Revenue (

Mill

ion B

aht)

Revenue Net Profit

6.29 6.48 6.64 7.17 7.59

2.17 2.33 2.40 2.35 3.18

19.56 21.69 20.44 19.17 24.72

-

10

20

30

40

50

0.0

2.0

4.0

6.0

8.0

10.0

2015 2016 2017 2018 2019

Gross Profit Margin (%) Net Profit Margin (%) ROE (%)

ROE Profit Margin

33 33

STATEMENTS OF FINANCIAL POSITION Unit : Million Baht

Asset 31/12/2019 31/12/2018 Change %

Trade Receivables 591.50 577.59 13.91 2%

Inventory 408.80 545.73 -136.93 -25%

Net Fixed Assets 122.68 109.75 12.93 12%

Total Assets 1,184.70 1,268.47 -83.77 -7%

Liabilities

Short Term Loan 520.91 606.44 -85.53 -14%

Trade Payables 136.03 173.21 -37.18 -21%

Total Liabilities 706.98 817.54 -110.56 -14%

Equity

Paid up Capital 200.00 200.00 0.00 0%

Share Premium 56.03 56.03 0.00 0%

Retained Earnings 221.69 194.90 26.79 14%

Total Equity 477.72 450.93 26.79 6%

34 34

STATEMENTS OF FINANCIAL POSITION HIGHLIGHT

D/E ratio is relatively lower.

D/E ratio drop from 4.35 times since

2004 which was decreased after IPO proceeds. However, the lower D/E ratio

in 2019 compared to ending 2018 was

resulting from the decline in both short-

term loan and trade accounts payable.

Continuous increase in current ratio

GC current ratio has been improving to

higher than 1.0x since GC got more

working capital from IPO proceed.

This higher liquidity can reduce GC’s

financial costs.

2.27 2.16 1.79 1.81

1.48

-

0.50

1.00

1.50

2.00

2.50

2015 2016 2017 2018 2019

Debt to Equity Ratio

1.33 1.34 1.43 1.43 1.51

-

0.50

1.00

1.50

2.00

2015 2016 2017 2018 2019

Current Ratio

GC’S DIVIDEND YIELD

0.1 0.14 0.2

0.14 0.24 0.24

0.17 0.18 0.15 0.15 0.22 0.18 0.18 0.22

0.14

0.15

0.26 0.12 0.26

0.26 0.16

0.19 0.14

0.08

0.2

0.2 0.22 0.22

0.28

5.69%

8.92%

10.45%

9.13%

9.78%

8.85%

7.29%

7.23%

6.86%

5.22%

8.22% 7.84% 7.47% 7.47%

9.00%*

0.00

0.20

0.40

0.60

0.80

1.00

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Div

ide

nd

(B

PS

.)

Div

ide

nd

Yie

ld (

ca

l. f

rom

be

fore

X-D

ate

Pri

ce

)

Dividend 2nd Half (BPS.) Dividend 1st Half (BPS.) Dividend Yield(cal. From before X-Date Price)

*Calculate from closing price on 14 February 2020 @ 5.60

36 36

DIVIDEND PAYOUT RATIO

108

77

96

124

80 76

70

48

79

93 90 86

115

74%

84% 83%80%

99%94%

91%97%

88%91% 89%

93%

87%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

-

20

40

60

80

100

120

140

160

180

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Div

iden

d Pa

yout

Rat

io

Net

Pro

fit (M

illio

n Ba

ht)

Net Profit (Million Baht.) Dividend Payout Ratio

Remark : Source Bank of Thailand https://www.bot.or.th/Thai/Statistics/EconomicAndFinancial/Pages/StatMacroEconomicIndicators.aspx *Interest rate is a average interest rate from Bank of Thailand

4.50 4.70

2.30

5.50

(0.90)

3.30 3.81

3.02 2.18

1.89

(0.90)

0.19 0.66 1.07 0.71

1.40 1.30

3.00

4.50

2.32 1.88

0.83 1.55

2.85 2.43 2.25

1.73 1.40 1.40 1.40

5.69

8.92

10.45

9.13 9.78

8.85

7.29 7.23 6.86

5.22

8.22 7.84

7.47 7.47

9.00*

(2.00)

0.00

2.00

4.00

6.00

8.00

10.00

12.00

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

GC's Dividend Yield

Inflation Rate Average 1 year Deposit GC's Dividend Yield (%)

*Calculate from closing price on 14 February 2020 @ 5.60

IR REPORT PE

PETG

ABS

Investor Relations Report

SET INDEX Closing Price (THB)

Closing Price (THB) Trade Volume (Thousand Shares)

Bench Mark GC Average Petro Industrial*

P/E Ratio** 11.42 14.97

Dividend Yield (%) 8.96 6.70

ROE (%) *** 24.72 11.36

Closing Price GC Q4/2019 Q3/2019

High 6.05 5.50 (30 Dec 2019) (16,20,21 Aug 2019)

Low 5.15 5.10 (1,2,3,4,7,8,9,18 Oct 2019) (26 Aug, 24 Sep 2019)

Average 5.42 5.28 2.65% (QoQ) 1.73% (QoQ)

Stock Volume

GC Q4/2019 Q3/2019

High 561,200 526,814 (24 Oct 2019) (4 July 2019)

Low 10,500 600 (7 Nov 2019) (29 Aug 2019)

Average 149,200 104,404 42.91% (QoQ) 44.34% (QoQ)

Total 9,101,190 6,577,462 38% (QoQ) 57% (QoQ)

4.0

4.5

5.0

5.5

6.0

6.5

1,500

1,550

1,600

1,650

1,700

1,750

1/7

/62

10

/7/6

2

22

/7/6

2

1/8

/62

13

/8/6

2

22

/8/6

2

2/9

/62

11

/9/6

2

20

/9/6

2

1/1

0/6

2

10

/10

/62

22

/10

/62

1/1

1/6

2

12

/11

/62

21

/11

/62

2/1

2/6

2

13

/12

/62

24

/12

/62

SET INDEX GC Closing Price (THB)

-

100,000

200,000

300,000

400,000

500,000

600,000

4.60 4.80 5.00 5.20 5.40 5.60 5.80 6.00 6.20

GC Trade Volume (shares) GC Closing price (THB)

H

L

40

Investment Highlight

An Organization of Unique Characteristics: Visionary, experienced, hands-on management team & knowledgeable staffs,

Long term relation with trade partner and also Financial Institute

Distributorship of the world renowned producers in plastics & petrochemicals (mostly in the top three ranking of the world in term of Advance Technology & Production Capacity)

Products variety which render complete range of raw materials to best suit the customers' requirement (one stop shopping service)

Sustainable growth with systematic risk management : Bad debt (trade credit insurance), foreign exchange exposure and price fluctuation

Diversified and well balanced sources of revenue from various industries

Regular (twice a year) Dividend payment with high yield. (Fully statutory reserve) for the past 15 years. Top 50’s dividend yield of The SET in the range of 5-10% per annum

Good Corporate Governance : with Excellent level

Your best partner for value co-creation in raw material supply

41 41

Thank you, Questions are welcome

42 42

CREDIT INSURANCE • Start the fifteenth year agreement of Trade Credit Insurance with New Hampshire

Insurance Company (AIG Thailand)

• Threshold or non qualify loss = 50,000 Baht

• Cover 90% immediately of approved customer (maximum 150 MB + Sub limit for DCL = 15 MB)

Year

1+2 Coface 1 May 2005 – 30 April 2007 = 4,456,890 Baht

3 Coface 1 May 2007 – 30 April 2008 based on sales 1,200 MB x 0.182% x 70% = 1,525,000 Baht

4 AIG 1 May 2008 – 30 April 2009 based on sales 1,400 MB x 0.10% x 75% = 1,050,000 Baht

5 AIG 21 May 2009 – 31 May 2010 based on sales 1,200 MB x 0.22% x 75% = 1,980,000 + AFL 1,000,000 Baht

6 AIG 1 June 2010 – 31 May 2011 based on sales 2,000 MB x 0.25% x 75% = 3,750,000 + AFL 1,000,000 Baht

7 AIG 1 June 2011 – 30 June 2012 based on sales 2,700 MB x 0.10% x 75% = 2,193,750 + AFL 1,000,000 Baht

8 AIG 1 July 2012 – 30 June 2013 based on sales 2,400 MB x 0.095% x 75% = 1,710,000 + AFL 1,000,000 Baht

9 AIG 1 July 2013 – 30 June 2014 based on sales 2,400 MB x 0.085% x 75% = 1,530,000 + No AFL

10 AIG 1 July 2014 – 30 June 2015 based on sales 2,400 MB x 0.080% x 75% = 1,440,000 + No AFL

11 AIG 1 July 2015 – 30 June 2016 based on sales 2,400 MB x 0.075% x 75% = 1,350,000 + No AFL

12 AIG 1 July 2016 – 30 June 2017 based on sales 2,400 MB x 0.075% x 75% = 1,350,000 + No AFL 13 AIG 1 July 2017 – 30 June 2018 based on sales 2,400 MB x 0.070% x 75% = 1,260,000 + No AFL

14 AIG 1 July 2018 – 30 June 2019 based on sales 2,400 MB x 0.070% x 75% = 1,260,000 + No AFL

15 AIG 1 July 2019 – 30 June 2020 based on sales 3,200 MB x 0.070% x 75% = 1,680,000 + No AFL + Threshold 50,000 Baht

43 43

Financial Ratio 2019 2018 2017 2016 2015

Liquidity Ratio

Current Ratio Time 1.51 1.43 1.43 1.34 1.33

Collection Period Day 60.86 60.16 64.02 63.58 62.74

Inventory Turnover Period Day 51.50 53.66 48.93 47.43 49.38

Payment Period Day 16.68 18.68 20.83 23.91 23.28

Cash Cycle Day 95.68 95.14 92.12 87.10 88.84

Profitability & Efficiency Ratio

Gross Profit Margin % 7.59 7.17 6.64 6.48 6.29

Net Profit Margin % 3.18 2.35 2.40 2.33 2.17

ROE % 24.72 19.17 20.44 21.69 19.56

ROA % 9.36 6.84 6.88 6.76 6.22

Financial Policy Ratio

D/E Ratio Time 1.48 1.81 1.79 2.16 2.27

44 44

A/R as of December 2019

and it’s position after one month

31/12/2019 %

Received

31/01/2020 Balance

Not yet due 459,607,954.67 74.7 161,258,135.30 298,349,819.37

OverdueUp to 1 month 118,361,836.20 19.2 108,605,402.70 9,756,433.50

1-3 months 13,555,609.86 2.2 13,555,609.86 0.00

3-6 months 1,277,580.00 0.2 0.00 1,277,580.00

6-12 months 2,870,221.50 0.5 0.00 2,870,221.50

Over 12 months 19,624,584.90 3.2 0.00 19,624,584.90

Total 615,297,787.13 100.0 283,419,147.86 331,878,639.27

Less :Allowance for doubtful debts (23,800,000.00)

Trade accounts receivable-net 591,497,787.13

45 45

Purchase Portion

0%

20%

40%

60%

80%

100%

2015 2016 2017 2018 2019

61% 60% 62% 63% 60%

39% 40% 38% 37% 40%

Import Local

DIVIDEND PAYMENT RECORD

46

Dividend

(BPS.) Before On X-Date

31-Dec-19 0.28 30-Apr-20 16-Apr-20 N/A N/A 5.00%*

30-Jun-19 0.22 9-Sep-19 22-Aug-19 5.50 5.25 4.00%

31-Dec-18 0.22 30-Apr-19 17-Apr-19 5.40 5.10 4.07%

30-Jun-18 0.18 7-Sep-18 20-Aug-18 5.30 5.05 3.40%

31-Dec-17 0.22 30-Apr-18 12-Apr-18 5.45 5.15 4.04%

30-Jun-17 0.18 8-Sep-17 23-Aug-17 5.25 5.10 3.43%

31-Dec-16 0.20 17-May-17 27-Apr-17 5.60 5.40 3.57%

30-Jun-16 0.22 9-Sep-16 24-Aug-16 5.15 4.88 4.27%

31-Dec-15 0.20 29-Apr-16 18-Apr-16 4.44 4.20 4.50%

30-Jun-15 0.15 4-Sep-15 19-Aug-15 4.04 3.84 3.71%

31-Dec-14 0.08 30-Apr-15 10-Apr-15 4.42 4.30 1.81%

30-Jun-14 0.15 4-Sep-14 18-Aug-14 4.40 4.28 3.41%

31-Dec-13 0.14 30-Apr-14 11-Apr-14 4.46 4.32 3.14%

30-Jun-13 0.18 5-Sep-13 20-Aug-13 4.84 4.60 3.72%

31-Dec-12 0.19 30-Apr-13 12-Apr-13 5.00 4.84 3.80%

30-Jun-12 0.17 6-Sep-12 21-Aug-12 4.96 4.76 3.43%

31-Dec-11 0.16 30-Apr-12 12-Apr-12 4.96 4.86 3.23%

30-Jun-11 0.24 9-Sep-11 25-Aug-11 5.90 5.55 4.07%

31-Dec-10 0.26 29-Apr-11 18-Apr-11 5.80 5.50 4.48%

30-Jun-10 0.24 10-Sep-10 26-Aug-10 5.50 5.20 4.36%

31-Dec-09 0.26 30-Apr-10 16-Apr-10 4.72 4.22 5.51%

30-Jun-09 0.14 11-Sep-09 27-Aug-09 3.28 3.28 4.27%

31-Dec-08 0.12 30-Apr-09 16-Apr-09 2.40 2.40 5.00%

30-Jun-08 0.20 12-Sep-08 26-Aug-08 4.84 4.60 4.13%

31-Dec-07 0.26 30-Apr-08 17-Mar-08 4.06 3.90 6.40%

30-Jun-07 0.14 7-Sep-07 21-Aug-07 3.46 3.32 4.05%

31-Dec-06 0.15 27-Apr-07 9-Mar-07 2.92 2.78 5.14%

30-Jun-06 0.10 8-Sep-06 22-Aug-06 2.64 2.54 3.79%

31-Dec-05 0.14 28-Apr-06 10-Mar-06 2.46 2.48 5.69%

* Calculated from closing price on 14/2/2020 @ 5.60 baht

Operation

Period EndingPayment Date X-Date

Price with X-Date Dividend Yield

(cal. From before

X-Date Price)

Back up

Our Profile

February 25th , 2020

Since 1994 Over 30 Leading producers - Top 3 in the world -

Business Unit

Performance Overview (Unit : MB.) Sales decreased in 2019

Value -1 % (YoY) Quantity 19 % (YoY)

Company Overview

Commodity Polymer

Specialty Engineering Polymer &

Rubber

Specialty Chemicals & Intermediate

50

Statements of Financial Position

Dec. 31, 2019 Dec. 31, 2018

3,000

3,200

3,400

3,600

3,800

2018 BU1 BU2 BU3 2019

3,660 3,610

32 35 17

Sales Amount 2019 Sales Quantity 2019

- 2% - 2% +49% +20%

+17% +141%

+19%

30,000

42,000

54,000

66,000

78,000

2018 BU1 BU2 BU3 2019

63,742

76,069

8,140 3,979 208

3,000

3,200

3,400

3,600

3,800

2018 BU1 BU2 BU3 2019

3,660 3,610

32 35 17

-1%

Performance Overview

QYT (Tons) Value (MB)

Free Float Overview As of December 30th, 2019

Total Shareholders 2,083

% Shares in Minor Shareholders (Free float) 33.68%

Rank Major Shareholders #Shares %Shares

1 Mr. Somchai Kulimakin 44,499,800 22.25%

2 Mr. Sumruay Tichachol 27,125,000 13.56%

3 Mr. Bhiya Jriyasetapong 26,125,000 13.06%

4 Ms. Nisaporn Sirijuntanan 25,780,430 12.86%

123,530,230.0 61.77%Sub Total

Organization Chart

Board of Directors

Executive Committee

Chief Executive Officer

Sales and Marketing

Business Unit 1

Business Unit 2

Business Unit 3

Bussiness Support

Bussiness Support

Research and

Development

Finance and Accounting

Finance

Accounting

Information and Technology

Logistic

Warehousing

Logistic

New Business Development

New Business Research Development

Human Resource and Administration

President officer

Corporate Governance, Nomination and Remuneration

Committee

Audit Committee

Internal Audit

- Company Secretary

- Investor Relations

- Assistant to CEO

2000 Distributing agent of AES : Santroprene

1999 Distributing agent of Siam Polystyrene (Thailand) Co., ltd. and Cabot Plastic Hong Kong Ltd.

1994

GC was established by 5

founders with initial registered capital of 2 MB.

1998 Distributing agent of OCV Reinforcement Co., Ltd 2005

Listed company and paid-up capital to 200 MB More Product from Exxon : Butyl & Vistamaxx

1994 - 1999 2006 - Current 2000 - 2005

Start business with commodity plastic

Diversify company portfolio from commodity to specialty

plastic

Create sustainable growth being the best partner for solution and service

in industrial raw material supply

2011 Distributing agent of Miliken Chemical,Imerys Meneral, Timcal Ltd. Exxon Product : ENABLE, EXCEED 2012

Change Distributing agent of

SCG to GCM. Exxon Product : Special Compound

2016 Invest in PV solar rooftop project (23 years remaining duration power purchase agreement (PPA) with MEA.)

2004 Distributing agent of ExxonMobil and Rio Tinto Mineral Asia

1996 Distributing agent of SCG Plastics Co., ltd. and Eastman Chemical , which was the start of specialty product distribution.

1997 Distributing agent of DuPont Performance Polymers and Chi Mei

2008 Distributing agent of DIC Exxon Product : PE PP

2010 Distributing agent of Trinseo (Styron) and BST Elastomers Co., Ltd.

2006 Distributing agent of Nanocor Inc.

2009 Exxon Product : Vistamaxx

1994 1996 1998 2000 2004 2006 2008 2010 2012 2014 2015 2016

2014 Distributing agent of TechnoGreen and UBE GROUP

2015 Service water cooling system solutions

Company History

Where we are in the value chain of Thai Petrochemical Industry

Olefin&Aromatic Producers

Monomer producers

(MEG, VCM)

Converters

Petrochemical and plastic producers

Upstream End users Intermediate

Compounders

Master batch producers

Compounders

Polymer producers

(PP, PE, PVC)

Downstream

GC’s role and positioning in the market

Leads the differentiation

Suppliers S1 S2 S3 S4 S5 Sn

Customers C1 C2 C3 C4 C5 Cn

Economy of Scope to Customers

Economy of Scale to Suppliers

Logistic : Warehousing, small delivery, and repacking

Sales & Marketing : Closely contact Demand forecasting & Inventory planning

Technical Services : Troubleshooting : Product, Market and Application

Development Financing & structuring solution : Extending our expertise to customer

Provided

GC’s Strategy • Maintain existing strong market positioning and

increase a share of the market. • Maintain a strong relationship with producers, customers, and

finance institutions. • Provide professional and complete solutions. • To be a leader in advance technology products. • Expand business in our growth industry. • Develop product market and new working form the beginning. • Collect and manage customers information database effectively. • To develop the infrastructure in order to support digital marketing.

Petrochemical Complex

Source : Thailand Industry Outlook 2019 Petrochemical, Krungsri Research

Economic Outlook

World Economic in 2020

US Economy -Growth slowed but economic fundamentals remain robust, backed by private consumption.

US Risk -The phase 2 trade agreement between US and China. -President Trump impeachment.

China Economy - Growth soften while fiscal and monetary easing became more prudent.

China Risk -The progress of trade talks between US and China -China’s onshore bond defaults

Eurozone Economy -A slight slowdown whilst facing policy limitations on fiscal and monetary stimulus.

Eurozone Risk -The Brexit outcome. -The mass protests in France over pension reform. -Political instability in Italy and Spain.

Japanese Economy - Growth slowed despite support from demand, while exports show sign of rebound.

Japanese Risk - The impacts from the consumption tax hike - Japan yen, which has appreciated - The progress of US-Japan trade negotiations

Gradual recovery in sight, with industrial sectors showing signs of stabilization while fiscal policy becomes more significant.

Source : EIC Q1/2020 SCB

Thai Economic in 2020

• The exchange rate appreciated cause the current account (CA) was surplus. • MPI in December was decreasing by 4.30% (YoY) cause the automotive and food industry have been

depressed.

The Thai economy to grow at 2.7% in 2020, a modest improvement from 2.5% projected for 2019.

Source : Monetary Policy Report December 2019 Bank of Thailand, EIC Q1/2020 SCB

Positive factors • Phase 1 agreement between China & US

• Government expenditure

• The increasing in tourist number

• Monetary and more flexible fiscal policies

• Recovery in merchandise exports

Negative factors • Trade conflicts between the US and European countries

• Drought that will affect farm incomes

• US-Iran conflict that might impact oil prices and world trade

• Thai baht, which has appreciated

• High level of household debt

• NPL level that began to increase

GDP Consumption Investment Government

Expenditure Export

Expand at a slower pace Expanded shrinkage shrinkage shrinkage

Manufacturing Production Index (MPI)

Source : EIC Q1/2020 SCB

The automotive, rubber, apparel, and petroleum sectors saw the highest production declines. Meanwhile, high readings in the inventory index suggested possible slowing manufacturing production going ahead