The document discusses WICE's Q1 2017 performance and growth strategies. It saw significant revenue and profit growth in Q1 2017 compared to Q1 2016, with revenue up 105% and net profit up 146%. Sea freight and air freight saw the largest gains. WICE aims to grow organically through its existing businesses and customers, as well as inorganically through M&A. Its goal is to become a leading international logistics provider in Asia.

1. 1
Opportunity Day
Q1/2017
8 June 2017

2. 2
Agenda
3. Growth Strategy
2. Q1/2017 Financial Performance
Total Logistics Service and Solution Provider
1. WICE Highlights

3. 3Total Logistics Service and Solution Provider
WICE Highlights

4. 4
Company info
Group Structure
Total Logistics Service and Solution Provider
Sun Express (Thailand) Co. Ltd
 Capital 54 million baht
 99.99%
Sun Express Logistics Pte. Ltd. (SEL)
(Singapore)
 Capital SGD 700,000
 70%
Paid up Capital 325 million baht

5. 5Total Logistics Service and Solution Provider
Company Services
1. Sea Freight
2. Air Freight
3. Logistics
- Customs Broker
- Land Transport
- Warehouse

6. 6Total Logistics Service and Solution Provider
Company Services
Sea Freight
Major Trade: USA, China,
Japan
Major Commodity :
 Electronic parts
 Automotive parts
 Solar Modules

7. 7Total Logistics Service and Solution Provider
Company Services
Air Freight
Major Trade : China,
Hong Kong,
Singapore
Major Commodity :
 Electronic parts
 Automotive parts

8. 8Total Logistics Service and Solution Provider
Company Services
Logistics
 Authorized Economic
Operator : AEO No.168
in Year 2017
 EDI Customs
Brokerage
 Transport from
PAT/LCB/AIRPORT to
customer’s factory
and/or pick-up cargo
from customer’s
factory to
PAT/LCB/AIRPORT.
Customs Broker Land Transport Warehouse
WH1
area of
13,000
Sq.m.
WH2
area of
8,000
Sq.m.
WH3
area of
1,600
Sq.m.

9. 9Total Logistics Service and Solution Provider
International Logistics Flow
WICE is a Total Logistics Service and Solution Provider

10. 10Total Logistics Service and Solution Provider
“Core Competencies of WICE ”
International Logistics
Service and Solution
Provider (Door to Door
Services)
Expertise in Electronic and
Auto part Industries
Balanced Income Mixture
from Various Mode of
Services (Sea/Air,
Import/Export and other
logistics services)
Learning and Growth
Organization

11. 11Total Logistics Service and Solution Provider
Key Events 2016
WICE M&A with SEL
700,000 shares of SEL
acquired worth 100%
(425 million baht)
Portion 1 : Acquired SEL 490,000 shares
or 70% Total Value 290 million baht
- 50% Cash - 145 million baht
- 50% Share Swap
51,899,500 shares
(2.80 per share)
Portion 2 : 30% of SEL’s ordinary shares or
210,000 shares from 1 Jan – 31
Aug 2020

12. 12Total Logistics Service and Solution Provider
Q1/2017 Financial Performance

13. 13Total LogisticsServiceandSolutionProvider
Total Revenue (MB)
689.48
1,035.64
160.97
330.36
0.00
200.00
400.00
600.00
800.00
1,000.00
1,200.00
2015 2016 Q1/2016 Q1/2017
Revenue (MB) 2015 2106 % Q1/2016 Q1/2017 %
Total Revenue (MB) 689.48 1,035.64 50.21% 160.97 330.36 105.23%

14. 14
Total LogisticsServiceandSolutionProvider
Revenue by Segment
396.17
503.93
78.26
152.88
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2015 2016 Q1/2016 Q1/2017
Revenue - Sea Freight (MB)
Revenue (MB) 2015 2016 % Q1/2016 Q1/2017 %
Revenue - Sea Freight (MB) 396.17 503.93 27.20% 78.26 152.88 95.35%

15. 15
Total LogisticsServiceandSolutionProvider
Revenue by Segment
152.36
293.76
39.77
106.90
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
2015 2016 Q1/2016 Q1/2017
Revenue - Air Freight (MB)
Revenue (MB) 2015 2016 % Q1/2016 Q1/2017 %
Revenue - Air Freight (MB) 152.36 293.76 92.81% 39.77 106.90 168.80%

16. 16
Total LogisticsServiceandSolutionProvider
Revenue by Segment
133
224.79
42.51
69.45
0.00
50.00
100.00
150.00
200.00
250.00
2015 2016 Q1/2016 Q1/2017
Revenue - Logistics (MB)
Revenue (MB) 2015 2016 % Q1/2016 Q1/2017 %
Revenue - Logistics (MB) 133 224.79 69.02% 42.51 69.45 63.37%

17. 17
Total LogisticsServiceandSolutionProvider
Sea Freight
46%
Air Freight
33%
Logistics
21%
Revenue Q1/2017
Sea
Freight
49%
Air
Freight
29%
Logistics
22%
Revenue 2016
Sea Freight
49%
Air Freight
25%
Logistics
26%
Revenue Q1/2016
Revenue Ratio by Segment

18. 18Total LogisticsServiceandSolutionProvider
Gross Profit (MB)
173.53
261
41.8
87.37
0
50
100
150
200
250
300
2015 2016 Q1/2016 Q1/2017
Gross Profit (MB) 2015 2106 % Q1/2016 Q1/2017 %
Total Gross Profit (MB) 173.53 261 50.40% 41.8 87.37 109.02%

19. 19Total LogisticsServiceandSolutionProvider
Gross Profit (MB)
Gross Profit (MB) Q1/16 Q1/17 %
Gross Profit Margin
(%)
Q1/16 Q1/17
Sea Freight 21.95 44.29 101.78% Sea Freight 28.05% 28.97%
Air Freight 12.86 32.73 154.51% Air Freight 32.34% 30.62%
Logistics 6.99 10.35 48.07% Logistics 16.44% 14.90%
Total 41.80 87.37 109.02% Total 26.04% 26.54%
21.95
12.86
6.99
41.8044.29
32.73
10.35
87.37
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
100.00
Sea Freight Air Freight Logistics Total
Q1/2016 Q1/2017

20. 20
Net Profit (MB)
60.59
77.18
9.84
24.18
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
2015 2016 Q1/2016 Q1/2017
Net Profit (MB)
Net Profit 2015 2016 % Q1/2016 Q1/2017 %
Net Profit (MB) 60.59 77.18 27.38% 9.84 24.18 145.73%
Net Profit Margin (%) 8.79% 7.45% -15.20% 6.13% 7.34% 19.82%
Total Logistics Service and Solution Provider
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
2015 2016 Q1/2016 Q1/2017
Net Profit Margin (%)
7.34%
6.13%
7.45%
8.79%

21. 21
Total LogisticsServiceandSolutionProvider
Statement of Financial Position
695.60
94.82
600.78
1,067.16
204.88
862.28
1,091.54
207.53
884.01
0.00 200.00 400.00 600.00 800.00 1,000.00 1,200.00
Assets
Liabilities
Shareholders'Equity
Q1/2017
2016
2015
Balance Sheet Unit :
MB
2015 2016 % 2016 Q1/2017 %
Assets 695.60 1,067.16 53.42% 1,067.16 1,091.54 2.28%
Liabilities 94.82 204.88 116.07% 204.88 207.53 1.29%
Shareholders'Equity 600.78 862.28 43.53% 862.28 884.01 2.52%

22. 22
Key Financial Ratio
7.04
3.55
3.70
0.00
2.00
4.00
6.00
8.00
2015 2016 Q1/2017
Current Ratio (Times)
0.16
0.24
0.23
0.00
0.05
0.10
0.15
0.20
0.25
2015 2016 Q1/2017
Debt / Equity Ratio (Times)
11.50%
8.76% 8.96%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
2015 2016 Q1/2017
Return on Assets (ROA) %
13.79%
10.55%
11.07%
0.00%
5.00%
10.00%
15.00%
2015 2016 Q1/2017
Return on Equity (ROE) %

23. 23Total Logistics Service and Solution Provider
Growth Strategy

24. Growth Strategies
 Organic Growth
Focus on Core Business Competency (Sea Freight / Air
Freight / Customs Broker / Transportation) Related
business expansion (Warehouse and Supply Chain
Management, Cross Border Service)
 In-organic Growth
M&A (Merger and Acquisition) and JV (Joint Venture)
24
Total Logistics Service and Solution Provider
Growth Strategies

25. Total Logistics Service and Solution Provider
25
 Synergize with SEL and Focus on Air Freight
2017 Growth by 30%

26. Total Logistics Service and Solution Provider
26
 Expand more Business in Existing Customer
 Target on New Potential of FDI (Foreign
Direct Investment)
 Focus on Logistics Service
in the Eastern Economic
Corridor (EEC)
2017 Growth by 30%

27. 27Total Logistics Service and Solution Provider
Sea Freight Volume (TEUs)
Q1/2016 and Q1/2017
4,633 TEUs
7,393 TEUs
0
1000
2000
3000
4000
5000
6000
7000
8000
Q1/2016 Q1/2017
60%

28. 28Total Logistics Service and Solution Provider
Air Freight Volume (TONs)
Q1/2016 and Q1/2017
1,023 TONs
2,497 TONs
0
500
1000
1500
2000
2500
3000
Q1/2016 Q1/2017
144%

29. 29Total Logistics Service and Solution Provider
Logistics Volume (CNTRs)
Q1/2016 and Q1/2017
8,947 CNTRs
10,161 CNTRs
0
2000
4000
6000
8000
10000
12000
Q1/2016 Q1/2017
14%

30. 30Total Logistics Service and Solution Provider
Trade Lane
CHINA
27%
USA
22%
SINGAPORE
11%
HONG KONG
6%
JAPAN
4%
OTHERS
30%
Q1/2016
CHINA USA SINGAPORE
HONG KONG JAPAN OTHERS
CHINA
25%
HONG KONG
15%
SINGAPORE
13%
USA
12%
NETHERLAND
7%
JAPAN
4%
OTHERS
24%
Q1/2017
CHINA HONG KONG SINGAPORE
USA NETHERLAND JAPAN
OTHERS

31. 31Total Logistics Service and Solution Provider
Commodity
E-GOODS
29%
AUTO
PARTS
30%
STEEL &
CONSTRUCTION
8%
FOOD
8%
OTHERS
25%
Q1/2016
E-GOODS AUTO PARTS
STEEL & CONSTRUCTION FOOD
OTHERS
E-GOODS
45%
AUTO
PARTS
21%
SOLAR
10%
STEEL &
CONSTRU
CTION
4%
FOOD
3% OTHERS
17%
Q1/2017
E-GOODS AUTO PARTS
SOLAR STEEL & CONSTRUCTION
FOOD OTHERS

32. 32Total Logistics Service and Solution Provider
Import-Export Revenue Q1/2017
66%
34%
Import-Export Revenue
Q1/2017
Export
Import
SEA FREIGHT
Export
Import
64%
AIR FREIGHT
Export
Import
36%
70%
30%

33. Total Logistics Service and Solution Provider
33
Sea
Freight
45%
Air
Freight
35%
Logistics
20%
2017F
Sea Freight Air Freight Logistics
Sea
Freight
50%
Air Freight
28%
Logistics
22%
2016
Sea Freight Air Freight Logistics
Revenue Ratio by Segment (MB)

34. Total Logistics Service and Solution Provider
34
Ultimate Growth
Building "WICE" to
be the Leading of
International
Logistics Service
and Solution
Provider in
"ASIA"

35. Total Logistics Service and Solution Provider
35
Ultimate Growth Strategy
Establishing International Collaborative
Logistics Network by Merger & Acquisition
and Joint Venture
Strategy :

36. WICE Logistics Public Company Limited
36Total Logistics Service and Solution Provider