OPPORTUNITYDAY20th March 2020

Corporate Overview and Current Projects

Financial Statements Y2019

Vision Industry Overview and Business Plan in 2020

Contents

Over 30 years of TRUST PPS is ▪ One of the leading engineering professional services firm in Thailand.▪ The Service Provider in all aspects of architectural, engineering and consulting

services for both private and public sectors.

To be the leader in innovation and integrated services in engineering and investment consultants of construction and property & city development sectors.

Our Vision is

"Deliver Success with Knowledge and Experience"

1987 1987-1990 1990-1995 1997-2002 2001-2010

PROJECT PLANNING SERVICE CO.,LTD(PPS) has been established

GRAND CHINA HOTEL

“The deepest structurein Thailand at that time”

BAIYOK II SKY TOWER

“The deepest structurein Thailand at that time”

EstablishedPPS Design Co.,Ltd(PPSD)

METROPOLITAN RAPID TRANSIT

MRTA Initial System Project“The first subway in Thailand”

First Consulting Companythat get ISO 9002 : 1994 certified

THE NEW HEAD OFFICE OF BANK OF THAILAND PROJECT

“The full service for project management”

MILESTONESOUR KEY

2001-2006 2012-2019

SUVARNABHUMI AIRPORT(WORLD CLASS AIRPORT)

“World Class Airport”

FIRST OF ENGINEERING CONSULTANT COMPANYTO BE LISTED

MEDIA AND INFORMATION TECHNOLOGYCONSULTANT

Being on the list of the Market for Alternative Investment (mai) and changed the company’s name to be Project Planning Service Public Company Limited.

SIGNATORY COMPANY of Thailand's Private SectorCollective Action CoalitionAgainst Corruption'sDeclaration of Intent

Established“PPS Information ConsultantCompany Limited (PIC)”

2012-2015

SUPREME COURT OF THAILAND

“One of the most proudly presented project.”

2015-2020 2016-20212015-2020

ICON SIAM

“The Tallest Building in Thailand”

Uncle P was created

SIAM SINDHORN

"The New Luxurious Mixed Used Development in Central Bangkok"

First Company in Construction Business that get certified

EstablishedEnsemble Equity Pte, Ltd.Juristic person in Singapore

SUVARNABHUMI AIRPORT

Development Project Phase 2"World Class Airport"

PPS officers grow themarigold flowers for commemorating the mercyof King Rama IX

PPS in forest is an activity thatofficers explored the forest around the construction site for conservation and rehabilitation

2018-2021

SIAM SCAPE (BLOCK H)

“Life & Learning Experiences”

2018-2023

EMSPHERE

“193,000 sqm. Emsphere emphasizes Bangkok’s eclectic urban eccentricities: density. ."

The joint venture company between PPS Group and global Design and Consultancy firm, One Works.

Established Profin Group Co., Ltd.

Established PPS Innovation Co., Ltd

2019-2023

New National Government Complex Extension (Zone C)

“The energy saving building and eco-friendly building by considering on efficiency of future utilization."

Established Project One Property Development Co., Ltd.

No. of Employee

344 Staffs

OVERVIEWCORPORATE PROJECT PLANNING SERVICE

PUBLIC COMPANY LIMITED

PROPCONIndustry Group

First-day trade (mai)

26 Sep 2012

as of Mar16, 2020

Listed Shares: 859,855,142 SharesMarket Cap : 309.55 MB52 week high/low: 0.87/0.31Major Shareholders: THARACHAI FAMILY 39.45 % Free float : 59.17% Price (Bath): 0.36

Authorized Capital: 279,452,921 Baht

Cluster of Excellence

PROJECT ONE PROPERTY DEVELOPMENT COMPANY LIMITEDBUSINESS : OFFERS THE PROPERTY

DEVELOPMENT BUSINESS

PROJECT PLANNING SERVICE PUBLIC COMPANY LIMITED (PPS) BUSINESS : CONSTRUCTION / PROJECT MANAGEMENT

PPS ONEWORKS COMPANY LIMITEDBUSINESS : ARCHITECTURAL & ENGINEERING DESIGNQUANTITY SURVEYBUILDING INFORMATION MODELINGTECHNICAL SUPPORT

PPS INNOVATION COMPANY LIMITED (PPSI)BUSINESS : INFORMATION TECHNOLOGY

ENSEMBLE EQUITY PTE., LTD. BUSINESS : PROVISION OF PROJECTMANAGEMENT AND ENGINEERINGCONSULTING SERVICE&PRODUCTS

PROFIN GROUP COMPANY LIMITEDBUSINESS : SOFTWARE DEVELOPER FORINVESTMENT

PROPERTY CONSTRUCTION INNOVATION

Service

• Architectural and Engineering Designs

• Technical Services Support with BIM Technologies

PRE-CONSTRUCTION

DESIGN SERVICES AND TECHNICAL SUPPORT

• Project Planning/Scheduling

• Project Feasibility Study

• Financial Planning

• Design Management

• Project Budgeting

• Value Engineering

COST MANAGEMENT QUANTITY SURVEYING

ServicePRE-CONSTRUCTION

Service

• Design Review

• Engineering Procurement and Construction

• Project Management

• Construction Supervision

• Project Cost Control

• Progress Report

• Presentation

• Contract Management

CONSTRUCTIONPROJECT MANAGEMENTCONSTRUCTION MANAGEMENT

AND PRODUCTSArchitecture, Engineering & Construction Services• BIM Objects Creation • Rendering & Animation (AR,VR)• Construction Simulation• Software Training

Web Design Application IT and Media SolutionEvents and Presentations

INNOVATIVE SERVICES

PLATFORMDIGITAL INVESTMENT

Ensemble Equity Pte. Ltd which is our investment arm in Singapore to support the investors from all over the world who want to invest in Thailand.

Profin Group which is our Thailand base ICO portal providing financial advisory based on block-chain technology

• Land Management & Development• Residential Property Developer• Facility Service Management• Hospitality Management• Construction Project Management

Property Development

in 2019Project recently completed

Supreme Court of Thailand

in 2019Project recently completed

32 Branches in 2019Rama I, Rama ii, Patthanakarn ,Seacon Square, Rattanathibeth, Ramindra , Sukhapiban 1, Charansanitwong:: Bangkok

Rojana, Bangpain: Ayutthaya, Lamlukka Klong 2, Bangkadee: Pathumthani, Bangyai: Nonthaburi, Korat1, Korat 2, Warin Chamrap: Ubonratchathani, Nongbualamphu, Klang: Rayong, Nakhonnayok, Banbueng: Chonburi, Saraburi,

Phuket, Hatyai 1, Udonthani, Nakornnayok, Dejudom (Mall Ext.): Ubonratchathani, Mukdahan, Udonthani, Energy Saving Project, FM Replacement Work Project, Ruamchok, Hangdong: Chiang Mai,

PPA PV SolarRooftop, Lotus Express Project (10 Stores)

Tesco Lotus

in 2019Project recently completed

HomePro

Mukdahan, charansanitwong, Ramintra, Fashion island, Rama II

7 Branches in 2019

in 2019Project recently completed

Makro

6 Branches in 2019Nathong Charoen Lum Luk Ka: Pathumthani,

Bowin, Sattahip: Chonburi, Onnut, Ladkrabang, Ramkhamhaeng 24

CURRENT PROJECT

National Government Complex Extension Zone C

New Project

The Custom House โครงการพฒันาท่ีราชพสัดแุปลงท่ีตัง้โรงภาษีร้อยชกัสาม

New Project

Suvarnabhumi Airport Phase 2

Magnolias Waterfront Residence & The Iconsiam Superlux Residence

SIAM SINDHORN LSV and LSP

PMCU BLOCK H

Office Building Project

Muangthai Capital Headquarter WHA Bangna

Muniq Sukhumvit 23

Soontareeya Ratchadamri

Holiday Inn Express Samui Bophut & Holiday Inn Resort Samui Bophut

Retail Project Emsphere

Emsphere

Retail Project Central Plaza Chonburi

Retail Project Tesco Lotus

Phuket, Suksawat: Bangkok, Samutprakarn, Lotus Talad Chamchuri SquareEnergy Saving, Lotus Express New Store Project, PPA Solar PV Pack 2, Recover Fire Incident at Fortune

9 Branches in 2020

Retail Projects

Suksawat, Rangsit : Bangkok, Phuket Amata: Chonburi, Ease Park Project

Thalang: Phuket

CLIENTSOUR

INFRASTRUCTURE

RESIDENTIAL & HOSPITALITY

OFFICE BUILDING

RETAIL

NATION WIDE PROJECT

High Rise Retail Hospital Industrial Office & Commercial Hospitality Infrastructure & Mega Project Historical

15,464,456 173,487500 Total Project Value (MB)More than

Total Projects

CONSTRUCTION AREA (Sq.M)380,046 Project Value in 5 years (MB)

(2014-2019)

HIGHLIGHTSTrustworthiness Innovation and

SustainabilityProfessionalism

COMPANY

ACTIVITIESSOCIAL

AND HONORSAWARDS

- Best Company Performance Awards 2017-2018 (Company listed on mai) - Highly Commended in Sustainability Awards 2019- Outstanding Investors Relations 2019 - Thailand Sustainability Investment 2015-2019

- - The Company Received CGR Project Survey 2019 with Excellent CG Scoring 5 Stars Rank

AND HONORSAWARDS

HIGHLY COMMENDED IN SUSTAINABILITY AWARDS

SET AWARDS 2019

OUTSTANDING INVESTORS RELATIONS 2019

SET AWARDS 2019

AND HONORSAWARDS

THAILAND SUSTAINABILITY INVESTMENT AWARDS (THSI)

SET AWARDS 2019

AND HONORSAWARDS

SUSTAINABILITY DISCLOSURE RECOGNITION

SUSTAINABILITY DISCLOSURE AWARD 2019

OUTSTANDING CONTINUING PROFESSIONAL DEVELOPMENT ENGINEERING SERVER AWARDS 2019

BY COUNCIL OF ENGINEERS

Financial Statements (Y2019)

as of Mar 13, 2020

ProfitabilityFinancial Performance

GP 23.23%

NP 1.59%

ROA 1.42%

ROE 2.35%

Current Ratio 5.90P/E Ratio 41.62

0.37D/E Ratio

Financial Statements

234.22 306.92 388.95 378.50 448.15

26.36%

32.81% 34.33%

22.92% 23.23%

0%

10%

20%

30%

40%

0.00

100.00

200.00

300.00

400.00

500.00

Y2015 Y2016 Y2017 Y2018 Y2019

(MB)

Revenue Gross Profit Margin

PPS 414.88

PPOW 29.92 PPSI 1.02EE 2.01

PPSPPSOWPPSIEESPP

Y 2019

Breakdown by Service (MB) PPS Group Revenue

PPS 342.64

PPSOW 27.74

PPSI 1.01 SPP 7.11

PPSPPSOWPPSISPP

Y 2018

Government

34.27 %

Private

65.72%

Government

Private

Y 2019

Breakdown by Customer (MB) PPS Group Revenue

Government

26.82 %

Private

73.18 %

Government

Private

Y 2018

Breakdown by Customer (MB) PPS Group Revenue

22.73

69.161.73

19.14

61.52

24.72

93.7

85.27

42.62

60.6

27.1

101.64 101.23

80.43 78.55

32.58

103.96109.73

61

71.23

27.79

98.14

121.58

86.38 85.9

0

20

40

60

80

100

120

140

Office Buildings Retail Areas Residential Buildings Infrastructure Others

(MB.)2015 2016 2017 2018 Y2019

Financial Performance

172.48206.24

255.41291.74

344.02

61.05 71.59 75.83 78.51108.95

73.64%67.20% 65.67%

77.08%76.76%

26.07% 23.32% 19.49% 20.74%24.31%

0%10%20%30%40%50%60%70%80%90%

0.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00

400.00

Y2015 Y2016 Y2017 Y2018 Y2019

COS , Operating Expense (MB)

COS Opex COS as % of Revenue Opex as % of Revenue

MB

Financial Performance

3.39 32.18 55.17 7.42 7.441.42%

10.07%

13.93%

1.92% 1.59%

0%

2%

4%

6%

8%

10%

12%

14%

16%

0.00

10.00

20.00

30.00

40.00

50.00

60.00

Y2015 Y2016 Y2017 Y2018 Y2019

Net Profit (MB) Net Profit Margin

Net Profit Net Profit Margin

MB%

Statement of Financial PositionMB

217.93

291.64

406.14 406.43 428.42

44.88 74.66 72.99 84.9114.73

173.05216.98

333.15 321.53 313.68

0

100

200

300

400

500

600

Y2015 Y2016 Y2017 Y2018 Y2019

Asset Liability Equity

0.260.35

0.22 0.260.37

D/E Ratio

Ratios

2.57%

16.32%19.23%

2.82%1.42%0.00%5.00%

10.00%15.00%20.00%25.00%30.00%

2015 2016 2017 2018 2019

ROA ROE

1.92%

16.50%20.10%

2.27% 2.35%0.00%5.00%

10.00%15.00%20.00%25.00%30.00%

2015 2016 2017 2018 H12019

New Projects Awarded

Total Projects Awarded Total Projects Value

34

5461 62

71

0

20

40

60

80

2015 2016 2017 2018 Y 2019

Projects

247.49

508.95

224.68

349.64427.72

0

100

200

300

400

500

600

2015 2016 2017 2018 Y2019

Projects Values (MB)

AOT328.97

MB

As of year endBacklog Comparison

YearContract value

As of Feb

2017 374 MB2018 349.32 MB2019 537.21 MB

Government

24.89%

Private

75.11%

Government

Private

Y 2019

As of Feb 29, 20Backlog

StatusContract value

(MB)2020 2021 2022 2023-2024

A. Signed contract project value 477 213 65 76 123B. No contract signed yet but likely expected to get job 76 23 19 12 22

TOTAL (A+B) 553 236 84 88 145

in 2020 Revenue Projection

Revenue Plan (MB)

PPS 400PPSOW 40

PPSI 10Total Revenue

Projection 450New Business

P1 100

Vision Industry OverviewBusiness Plan in 2020

Vision IndustryOverview

Ref: NESDC ECONOMIC REPORT

Economic Projection of 2020

(%YoY) 2018 2019 Projection

Year Year Q3 Q4 2020

GDP (CVM) 4.2 2.4 2.6 1.6 1.5 - 2.5

Total Investment• Private• Public

3.84.12.9

2.22.80.2

2.72.33.7

0.92.6-5.1

3.63.24.8

Private Consumption 4.6 4.5 4.3 4.1 3.5

Government Consumption 2.6 1.4 1.7 -0.9 2.6

Thai economy in 2020 is projected to expand by 1.5 - 2.5 percent, softening from 2019 due to impacts from 1. The corona virus (COVID-19) outbreak2. The drought conditions3. The delay in FY2020 budget : Expected to be able to start disbursement in early April 2020

Vision IndustryOverview

After the 2020 budget starts disbursement, we expect more auctions in Q3 2020 of several mega projects, totaling 700 billion baht such as

Orange Line: Project Value 120 billion bahtSouth Purple Line: Project Value 100 billion bahtSuvarnabhumi Airport: Runway III Development: Investment budget : 13,000 million bahtThai - Chinese train project (seven contracts) 60,000 million bahtDouble-track project (Phase 2): Project Value 410 billion bahtEEC projects: Project Value 290 billion baht

- High-speed train connecting three airports - U-Tapao Airport Development project.

Public Investment Projection of 2020

Vision IndustryOverview

Government investment in new national infrastructure and mega projects will stimulate economic activity and encourage private sector investment in other industries, including real estate, retail and construction.

Private Investment Projection of 2020

Retail SectorRetail market in Thailand is in the declining trend and will continue in 2020.

Vision IndustryOverview

Condominiums: The situation should improve in some areas, particularly the central business district (CBD) and areas near mass transit lines.Housing demand in upcountry will improve especially in provinces that are major tourist destinations and/or industrial hubs. Demand in Chonburi, Rayong and Phuket should recover faster than other provinces.

The government has issued the economic stimulus policy The income tax deduction measureThe measures to reduce transferring fees and reduce mortgage registration fees

Real Estate Sector

Risk Factors

•Risks associated with continuity and certainty of revenue•Risks from business competition •Risk of dependence on executive and lack of capable staff•Risk of new business Start-Up•Risk from new dangerous diseases

In 2020PPS Business Plan

In 2020PPS Business Plan

In 2020PPS Business Plan

Toward more sustainable businessChanging the business structure for continuous income and has a higher profitability rate.

PPS Oneworks: Finding the new opportunity in design business and transit oriented development by cooperationwith partner for serving more potential in new job bidding.

Project One: Investing in real estate development projects of Villas at Cape Yamu, Phuket which expected

to increase income and profitability rate.

PPSI: Expanding the scope of service to be software provider for PM/CM which support IT solutions for PPS Group and increase income in IT business.

Cape Yamu Project Update

The Head Landat Cape Yamu

Head Land at Cape Yamu

at Cape YamuThe Head Land

Luxury Private villasThe perfect size to meet the 8 Luxury villas (1000-1500 sq.m. per building)

STARTING PRICE : 200 MB

Market ResearchThe Head Land at Cape Yamu

Best Location : Pa Klok, Thalang District, Phuket

Ref: http://www.realist.co.th/blog/

Land price up to 12% (2018-2019)

Close to the convenience stores and work place Having the infrastructure DevelopmentOne of Prime areas In PhuketAo Po Grand Marina the gateway to spectacular

Phang Nga BayClose to many famous tourist island

i.e. Koh Naka, Koh Yao Noi, Koh Yao Yai

Infrastructure Development Plan In Phuket

2021Expand road routePa Klok – Para

2022Airport Phase 2

2024Light RailAirport-5 YaekChalong

2025Airport Phase 3

2026Kathu-Patongexpressway

In the FutureExpand Route Road: Para-Muang MaiNew Road: Ban Saku-Koh KaewLight Rail: Tha Nun-Muang Mai

The CompetitionThe Head Land at Cape Yamu

Ayara HilltopsBoutique resort spa

Trisara

Head Land

Private luxury villa is the main competitor

The CompetitionHead Land at Cape Yamu

Opened in 2018Offering 16 modern villas with 4 - 6 Bedrooms, Size 2,785-3,715 Sq.m. Starting from 290 MB

Opened in 2004Offering 48 Hotel suites and 21 private villasPrice 100-400 MB

Business PlanThe Head Land at Cape Yamu

Villa's will be sold as Freehold for Thai investors and as Leasehold for foreign investors.

With the sales of the Villa's, the total investment of land and construction of villa's has to be covered.

Villa's will fall under the hotel management and will need to pay hotel management and monthly common management fee

Villa's can join the rental program with guaranteed return on the condition that own stay will be limited.

Business PlanHead Land at Cape Yamu

The Potential

▪ Scarcity of land▪ Opening of new airport, light rail and road route in Phuket▪ Saturation in Phuket, too crowded▪ Potential high capital gain due to the price of this plot is the most competitive▪ Guaranteed profitability on villa sales and immediate return▪ Lower maintenance because of the location stand on cliff and less affect from Sea-moisture▪ Lower natural disasters (no Tsunami risk)

Business PlanHead Land at Cape Yamu

The Risk

▪ Drop of Thai tourism▪ Appreciation of THB for foreign investors▪ A stop on further developments due to economical crisis▪ The current market situation: Coronavirus, Oversupply on some type of property

Business Model

Consolidate

Land Sale Land DevelopmentConstruction Management

Facility Management

Project One 53% + Partner 47% Project One 51% + Partner 49%

New Joint Venture CompanyPROJECT TWO

Invest Invest

Consolidate

Invest

In 2020PPS Business Plan

Toward more innovative company

1. Developing innovations To enhance efficiency and reduce working costs by▪ Building Information Management Technology (BIM) in

the design work and simulation ▪ BIM Object for sales and VR / AR for sales that continually

created from having these models

In 2020PPS Business Plan

2. Developing innovations to increase efficiency and reduce working costs of the organization management and internal departments of the organization The development of My PPS system; an Employee Self Service system, which is an interface for employees connected to the back-office system for managing any kind of personnel

MyPPS

Toward more innovative company

PROPERTYCONSTRUCTION

INNOVATIONwww.pps.co.th