MTLS Oppday 58Q2

1. 1
Financial Advisor and Lead Underwriter
Nationwide Motorcycle
Title Loan Leader

2. 2
Financial Highlights
Unit: MB 2Q14 2Q15 YoY % 1Q15 QoQ
New Loan Amount 3,058 4,706 53.89% 3,730 26.17%
Total Revenue 446 583 30.72% 533 9.38%
Net Profit 117 183 56.41% 181 1.10%
2011 2012 2013 2014 1H14 1H15 HoH
New Loan Amount 7,167 8,255 9,840 12,471 5,812 8,436 45.15%
Total Revenue 663 1,250 1,548 1,856 873 1,116 27.84%
Net Profit 107 308 351 544 258 365 41.47%

3. 3
Share Capital Information
Price (Aug 10, 2015) : Bt 18.50
Hi/Low : 20.70/5.50
No. of shares : 2,120 M
Market Capitalization : 39,220 MB
MSCI Global Small Cap Indexes
Major Shareholders (April 30, 2015)
Mr. Chuchat Petaumpai 37.38%
Mr. Daonapa Petampai 30.90%
Others 10.03%
Public 21.69%
Board of Directors
1. Admiral Apichart Pengsritong Chairman
2. Mr. Chuchat Petaumpai Director
3. Mrs. Daonapa Petampai Director
4. Mr. Yodhin Anavil Director
5. Mrs. Kongkeaw Piamduaytham Director
6. Mr. Kampol Tatiyakavee Director
7. Mr. Chainoi Puankosoom Director
Audit Committee
1. Mrs. Kongkeaw Piamduaytham Chairman of the Audit Committee
2. Mr. Kampol Tatiyakavee Audit Committee
3. Mr. Chainoi Puankosoom Audit Committee
Ms. Monthon Onphan as Company secretary.
Ms. Duangkhae Songnuy as Audit Committee secretary.

4. 4
Contents
Company Profile
Business Operation
Industry Overview
Financial Highlights

5. 5
Company History
2003
1992
1998
2001
 Established in May 22, 1992 to provide motorcycle hire purchase business under the
name “D.S. Leasing Co.,Ltd.” by Mr. Chuchat Petaumpai and Mrs. Daonapa Petampai
 Started providing Motorcycle Title Loan
 Terminated Motorcycle Hire Purchase business
 Started providing Agricultural Vehicle Title Loan
 Changed its name to “Muangthai Leasing Co.,Ltd.”
 Started providing Car Title Loan
2006
 Started operating Personal Loan under supervision of the Bank of Thailand
 Invested in 99.99% of “Muangthai Leasing Insurance Broker Co., Ltd.”
2014
2015
 IPO in November 2014
 Started Nanofinance
 Started Land Title Loan
 Expanded nationwide

6. 6
Type of Services
Motorcycle Title Loan Car Title Loan Agricultural Vehicle Title Loan Land Title Loan
Occupation Individuals Individuals Farmers Farmers
Vehicle Type
Credit Line Baht 3,000-30,000 < Baht 200,000 < Baht 70,000 for Thai farmer truck
< Baht 150,000 for tractor
< Baht 50,000
Age of vehicle Not exceed 12 years Not exceed 25 years Depend on the condition of engine -
Installments 10-24 months  10-24 months : credit line < Baht 30,000
 12-50 months : credit line ≥ Baht 30,000
 4 months
1. Secured Loan 2. Unsecured Loan
■ Use vehicle title and land title as collateral
■ The Company offers loan service to low income individuals
that have no access to financial services from commercial
bank but have ownership in vehicle and land
■ Ownerships of vehicle and land are not transferred to the
Company but the borrowers have to surrender their titles to
the Company and sign in the transfer document (Blank
Transfer) in exchange for loan granted
■ The borrowers can possess their assets as usual
Personal Loan
■ The Company offers personal loan only to existing
customers who have good payment record
■ Credit Line is limit at Baht 10,000
■ Under supervision of Bank Of Thailand
Nano finance
■ Credit Line is limit at Baht 20,000
■ Under supervision of Bank Of Thailand

7. 7
Loan
Approval
Notification
Credit Approval Process
 Qualification of
Customer
 Qualification of
Guarantor
 Collateral
 Type of Vehicle
 Brand and Model
 Age of Vehicle
 Vehicle Condition
 Credit Approval Checklist
 Loan Agreement
 Ownership Transfer Memo
 Ownership Transfer Form
 Power of Attorney
 In case of Car or
Agricultural vehicle title
loan or motorcycle title
loan that value Baht
30,000 and more,
the approval must be
granted by branch
manager or regional
manager.
 In case of Car or
Agricultural vehicle title
loan or motorcycle title
loan that value Baht
30,000 and more,
the approval must be
granted by branch
manager or regional
manager.
Loan
Approval
Loan
Approval
Verify Customer,
Guarantor and
Collateral
Verify Customer,
Guarantor and
Collateral
Determine
Credit Line
Determine
Credit Line
Document
Preparation
Document
Preparation
 In case of motorcycle
title loan value below
Baht 30,000, credit
analyst can approve
such loan in accordance
with credit approval
table.
 In case of motorcycle
title loan value below
Baht 30,000, credit
analyst can approve
such loan in accordance
with credit approval
table.

8. 8
MTLS has 4 own auction centers for selling
the collateral vehicle repossessed from
the customers.
Chonburi Auction Center
Ayudhya Auction Center
Khonkaen Auction Center
Phitsanulok Auction Center
Repossession and Auction Process
• Customer pasts due more than 2 months
• The Company could repossess the collateral
vehicle from the customer (must be granted an
approval from Branch Manager)
• Head of debt collection unit gathers the
collateral vehicle from branches and deliver
them to the auction centers.
• The auction centers are responsible for selling
of the collateral vehicles.

9. 9
Distribution Channel
Head Office
2011
343
2012
363
2013
415
2014
506
1 Big Branch1 Big Branch
7 Sub Branches7 Sub Branches
7 Service Center7 Service Center
1Q15
680
2Q15
715
6 million
148 branches
22 million
125 branches
28 million
437 branches
10 million
5 branches
• Opened 35 new branches
• 25 branches in North East
• 10 branches in Central
Total 715 branches

10. 10
Business Target
Expand its services
network throughout the
country
Expand no. of branches
to 1,400 branches
by year 2017
2014
506
1,400
2015 2016 2017
Increase new loan to
Baht 25,000 million
in year 2017
16,500 MB in 2015*
800
1,100

11. 11
Branches
Full Branch Sub Branch Service Center
Branch Sub Branch Service Center
CAPEX (Baht) 800,000 400,000 250,000

12. 12
Vehicle Title Loan Industry
Household Loan
2,000
4,000
6,000
8,000
10,000
12,000
2010 2011 2012 2013 2014
6,368
7,447
8,789
9,792
10,432
Billion Baht
Private Consumptions
16,819
17,403
18,766 19,061
20,892
5,430
5,743
6,294
6,476
6,645
4,000
4,500
5,000
5,500
6,000
6,500
7,000
15,000
16,000
17,000
18,000
19,000
20,000
21,000
22,000
2010 2011 2012 2013 2014
Average monthly household expenditure Private Consumption
Baht/Month Billion Baht
Source : Office of the National Economic and Social Development Board and
Bank of Thailand
0
10
20
30
40
2010 2011 2012 2013 2014
17.30 18.15 19.15 19.95 20.31
9.89 10.65
11.83 13.02 13.791.29 1.39
1.50
1.63 1.74
Motorcycle Car Others
Million
Source : Department of Land transport
Car
38.48%
Other Vehicles
4.85%
Motorcycle
56.67%
Proportion of Vehicle Registration as of December, 31 2014Accumulated Number of Vehicle Registration

13. 13
New Loan Amount Number of New Contracts
Million Baht Contracts
Proportion of New Loan Amount in 2Q15
Total new loan amount granted in 1Q15
was Baht 3,730.06 million
Proportion of New Loan Amount in 1Q15
Total new loan amount granted in 2Q15
was Baht 4,706.15 million
New Loan Lending
Personal Loan
3.25%
Motorcycle
68.95%
Car
22.92%
Agricultural Vehicle
4.77%
Land
0.11%
0
3,000
6,000
9,000
12,000
15,000
2011 2012 2013 2014 1Q15 2Q15
7,167
8,255
9,840
2,754
3,730 4,706
3,058
3,226
3,433
Q1 Q2 Q3 Q4
12,471
+53.91% HoH
+26.16% QoQ
+53.91% YoY
+45.15% HoH
0
200,000
400,000
600,000
800,000
1,000,000
2011 2012 2013 2014 1Q15 2Q15
616,355 659,645
717,790
192,279 246,014 289,947
210,322
219,617
226,641
Q1 Q2 Q3 Q4
848,859
+17.85% QoQ
+37.85% YoY
+33.12% HoH
Personal Loan
3.76%
Motorcycle
72.10%
Car
19.94%
Agricultural Vehicle
4.21%

14. 14
3,945
4,776
5,835
7,448
8,069
9,346343 363
415
506
680
715
-
100
200
300
400
500
600
700
800
900
0
2,000
4,000
6,000
8,000
10,000
2011 2012 2013 2014 1Q15 2Q15
Loan receivable Number of branch
11.50 13.16 14.06 14.72
11.87 13.07
20.89
22.74
23.71 24.65
21.94
23.58
0
10
20
30
2011 2012 2013 2014 As of
1Q15
As of
2Q15
Loan receivable per branch New loan per branch
680
Million Baht
Loan Receivables and No. of Branches
Million Baht Branches
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2011 2012 2013 2014 1Q15 2Q15
3,679 4,361 5,083 5,903 5,993 6,493
208
338
609
1,310 1,675
2,265
51
72
134
200
252
345
7 5
10
34
149
239
5
Motorcycle Car Agricultural Vehicle Personal Loan Land
Loan Receivables classified by Types of Loan
Million Baht
Loan Receivables
Personal Loan
2.55%
Motorcycle
69.47%
Car
24.23%
Agricultural Vehicle
3.70%
Land
0.05%
Proportion of Loan Receivables as of 2Q15
343 363 415
506
715
* Figure is annuanlised
Average New Loan and Loan Receivables per Branch
*
*

15. 15
0
100
200
300
400
500
2011 2012 2013 2014 1Q15 2Q15
43.2
100.1
179.5 182.4 174.0 185.870.0
142.6
142.6
128.5 117.0
358.71%
258.14%
290.01% 269.60% 258.78%
47.0
125.0 112.0 112.0 117.0
50%
60%
70%
80%
90%
100%
2011 2012 2013 2014 1Q15 2Q15
90.42% 89.67% 87.05% 89.57% 90.31%90.73%
8.48% 9.31%
10.96%
9.06% 8.41% 8.13%
1.10% 1.02% 1.99% 1.37% 1.28% 1.14%
Overdue less than 30 days Overdue 31-90 days Overdue more than 90 days
Asset Quality Ratio
Loan Receivables classified by aging
Loan Receivables Quality
1.10%
3.56%
5.52%
4.36%
3.75%
3.24%
0.99%
2.14%
1.50% 1.39% 1.25%
0%
2%
4%
6%
2011 2012 2013 2014 1Q15 2Q15
Allowance for doubtful debts to total loans
Non performing loan to total loans
Aging Rate of allowance for
doubtful accounts
Current and past due for not more than
30 days
1%
Past due for 31 - 90 days 2%
Past due for more than 90 days 100%
Receivables transferred to litigation 100%
1. Allowance for Doubtful Account by Aging
2. Additional provision for potential uncollectible receivables
(General Reserve) : calculated by PD x LGD
Allowance for Doubtful Account
Million Baht
170.1
322.1 325.0
Allowance for doubtful account by Aging
Additional provision for uncollectible receivables Non performing loans
Allowance for doubtful accounts to non performing loans ratio
302.5 302.8

16. 16
Total Revenues Revenues Structure
Million Baht
Operating Results
0%
25%
50%
75%
100%
2011 2012 2013 2014 1Q15 2Q15
76.66% 84.76% 84.04% 84.45% 84.64% 86.19%
23.21%
14.29% 15.38% 15.05% 13.89% 13.27%
0.13% 0.95% 0.58% 0.50% 1.47% 0.54%
Interest Income Fee and Service Income Other Income
Interest Income
Million Baht
0
500
1,000
1,500
2,000
2011 2012 2013 2014 1Q15 2Q15
663
1,250
1,548
426 533 583
446
475
509
Q1 Q2 Q3 Q4
+30.71% YoY
+27.98% HoH
+9.38% QoQ
1,856
+30.31% HoH
+33.55% YoY
+11.52% QoQ
0
500
1,000
1,500
2,000
2011 2012 2013 2014 1Q15 2Q15
508
1,059
1,301
356 451 503
376
403
432
Q1 Q2 Q3 Q4
1,567
• Total Revenues is new high due to
branch expansions
• Interest Income takes a significant
portion in Revenue Structure
• Less Other Income caused by less
interest from cash deposit

17. 17
Net Profit
Million Baht
Net Profit Margin and Return on Equity
Interest Income Ratio, Interest Expense Ratio
and Interest Spread
19.24%
24.90% 25.71%
24.81% 24.25% 23.90%
4.24%
5.34%
6.23% 5.98% 5.99% 5.66%
15.00%
19.57% 19.49% 18.83% 18.26% 18.24%
0%
5%
10%
15%
20%
25%
30%
2011 2012 2013 2014 1Q15 2Q15
Interest Income Ratio Interest Expense Ratio Interest Spread
Operating Results
16.12%
24.67%
22.70%
29.32%
34.04%
32.70%
11.14%
21.75%
19.96%
15.45%
13.97% 14.00%
0%
10%
20%
30%
40%
2011 2012 2013 2014 1Q15 2Q15
Net Profit Margin Return on Equity
414
573
738
896
269 299
69.92%
52.02%
55.32% 56.35% 56.68% 56.13%
0%
20%
40%
60%
80%
0
500
1,000
1,500
2,000
2011 2012 2013 2014 1Q15 2Q15
Operational Expense % Cost to Income
Million Baht
Operating Expenses
* Interest is calculated by adjusting the effect of loan paid in December.
*
0
100
200
300
400
500
600
2011 2012 2013 2014 1Q15 2Q15
107
308
351
140
181 183
118
139
147
Q1 Q2 Q3 Q4
+55.08% YoY
+41.08% HoH
544
+1.10% QoQ

18. 18
Bank Loan Total Liabilities
Times
Debt to Equity RatioShareholders’ Equity
Million Baht
Financial Position
0
1,000
2,000
3,000
4,000
5,000
2011 2012 2013 2014 1Q15 2Q15
67.5%
81.9%
94.1% 85.6%
71.55% 34.80%
32.5%
18.1%
5.9% 14.4%
28.45%
65.20%
Long-term Loans Short-term Loans
2,370
2,931
3,919 3,489
0
1,000
2,000
3,000
4,000
5,000
2011 2012 2013 2014 1Q15 2Q15
2,715
3,204
4,079
3,671
3,068
4,554
Million Baht Million Baht
1,000
2,000
3,000
4,000
5,000
6,000
2011 2012 2013 2014 1Q15 2Q15
1,251
1,585
1,937
5,106
5,288
5,195
2.17
2.02
2.11
0.72
0.58
0.88
0.00
0.50
1.00
1.50
2.00
2.50
2011 2012 2013 2014 1Q15 2Q15
4,362
2,811