The 2016 Performance

Announcement Presentation

March 2017

Valued co-creation

Company Overview

Plastic and Petrochemical Industry

The 2016 Performance

IR Report & Investment Highlight

Q&A

Today Content

Company Overview

GC Revenue During 2005 – 2016

Sales was increased in 2016

• Value 9.10% (YoY) • Quantity 16.69% (YoY)

GC has been founded since 1994 by experienced management

GC is the distributor with over

30 leading producers of plastics and petrochemical raw materials from around the world.

Most of these producers are

among the top 3 in the world in that product in terms of technology & production capacity.

GC is not an ordinary

distributor. On top of ordinary distribution role, GC provide technical advice and useful information to customers since GC position itself to be Your best partner for valued co-creation solution and service in industrial raw material supply

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

3,272 3,390

3,473 3,429

2,665

3,678 3,793

3,710

3,172

3,659 3,659

3,985

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 to end markets/customers

Technical Services : Troubleshooting / Product and Market Development Financing & structuring solution : Extending our expertise to customer

Provided

Major Shareholders Free Float Overview As of December 30th, 2016

Total Shareholders 1,044 Minor Shareholders (Free float) 916

% Shares in Minor Shareholders (Free float) 30.68%

Rank Major Shareholders #Shares % Shares

1 Mr. Somchai Kulimakin 44,499,800 22.25

2 Mr. Aikachai Sirijuntanan 27,125,000 13.56

3 Mr. Sumruay Tichachol 27,125,000 13.56

4 Mr. Bhiya Jriyasetapong 26,125,000 13.06

Sub total 124,874,800 62.44

1994

GC was established by 5

founders with initial registered capital of 2 MB.

1998

Distributing agent of

OCV Reinforcement Co., Ltd

1999

Distributing agent of Siam

Polystyrene (Thailand)

Co., ltd. and Cabot Plastic Hong Kong 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 PTTPM. Exxon Product : Special Compound

Company History

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 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 and

Distributing agent of

3M and Campine

Ethics

Integrity

Professional & Focus

Partnership

Strive for

better

Vision

Corporate Value

The Corporate Governance

Nomination and

Remuneration Committee

Audit Committee

Chief Marketing

Officer 4

Chief Marketing

Officer 3

Chief Marketing

Officer 2 Chief Marketing

Officer 1

Chief Operating

Officer

Internal Audit

New Business Development

Commodities &

Polyolefin

Specialty

Engineering

Polymer &

Rubber

Specialty

Chemicals &

Intermediate

Market

Development &

Sales Support

Executive Committee

Chief Financial Officer

Information

Communications Technology (ICT)

Human resource and Administration

Logistics

Board of Director

Finance &

Accounting &

ERP

Chief Executive Officer

Business

Support

Organization Chart

Corporate Strategy

Maintain existing strong market positioning

Become solid partner with supplier and customer

Offer total professional solution

Be leader in advanced technology product

Grow towards the growing industries

Develop new application/market from initial stage

Corporate Strategy 2017 :

VUCAR

V : Value

creation thru Innovation and Differentiation

U : Uncompromisingness

with Business Growth and Profit commitment

C : Cost

management thru Efficiency and Effectiveness

A : Aligned

investment for Future Growth and Sustainability

R : Research

and Development on Customer Needs in Market-Driven Product Development

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, FKM

• TALC, SILICA, CARBON BLACK

• FLAME RETARDANT (ZB, ATO)

• Plastic Additives

• Intermediate chemical

• Water cooling system solutions

Our Business Unit

Customer segment by Sales Percent of Value

Year 2015

62,587 Tons

Year 2016

73,031 Tons

3,646 MB. 3,978 MB.

Agriculture 2% Automotive

19%

Construction 2%

Consumer products & Household

20%

Electrical & Electronics

10% Packaging

34%

Petrochemical & Intermediate

13%

Agriculture 3%

Automotive 17%

Construction 1%

Consumer products & Household

23%

Electrical & Electronics

7% Packaging 36%

Petrochemical & Intermediate

13%

Company Overview

Plastic and Petrochemical Industry

The 2016 Performance

IR Report & Investment Highlight

Q&A

Today Content

Agriculture 3% Automotive

17%

Construction 1%

Consumer products & Household

23%

Electrical & Electronics

7% Packaging

36%

Petrochemical &

Intermediate 13%

• Plastic Market

Size around

920 billion

• 80% is small business size

1.Competitiveness

2.High Value Product from Innovation and

Creativity

3.Environment Friendly : Bioplastic

Plastic Industry Strategy

Thai Plastic Business strategy

Crude Oil Price https://www.thaioilgroup.com/upload/media_file/20170106084548_AnnualOilMarket.pdf

Thai Economic : 2016 & 2017’s Projection

http://www.nesdb.go.th/nesdb_en/article_attach/Economic%20Report%20Q4-2559EN.pdf

Private Consumption – Jan. 2017

http://www.fpo.go.th/FPO/index2.php

Private Investment – Jan. 2017

http://www.fpo.go.th/FPO/index2.php

Company Overview

Plastic and Petrochemical Industry

The 2016 Performance

IR Report & Investment Highlight

Q&A

Today Content

24

STATEMENTS OF COMPREHENSIVE INCOME

Unit : Million Baht

2016 2015 Change 2016 2015 Change

Sales 921.80 934.00 -1% 3,978.55 3,646.46 9%

COGS 864.66 881.52 -2% 3,720.90 3,417.23 9%

Gross Profit 57.14 52.48 9% 257.65 229.23 12%

Selling & Admin Expenses 32.60 31.37 4% 121.41 118.17 3%

Reduction of inventory to net

realisable value (Reversal) 0.00 0.00 0% 0.00 (1.00) 100%

EBITDA 24.54 21.11 16% 136.24 112.06 22%

Depreciation 3.15 2.91 8% 12.03 11.67 3%

Interest Expenses 3.56 3.62 -2% 14.96 14.19 5%

Profit Before Other Income 17.83 14.58 22% 109.25 86.20 27%

Other Income 2.02 1.12 80% 5.44 6.96 -22%

Gain (Loss) on exchange rate (0.52) 2.17 -124% 1.23 5.95 -79%

Profit before Tax 19.33 17.87 8% 115.92 99.11 17%

Tax 3.59 3.42 5% 23.36 19.81 18%

Profit for the year 15.74 14.45 9% 92.56 79.30 17%

Other comprehensive income 0.50 0.00 100% 0.50 0.00 100%

Total comprehensive income 16.24 14.45 12% 93.06 79.30 17%

Actual Q4 Actual Year

25

SALES STRUCTURE

-

10

20

30

40

50

60

70

2012 2013 2014 2015 2016

42.1 28.1 35.1 40.8

51.0

17.2

20.1 19.0

21.7 21.9

0.1

0.0 0.1

0.1 0.1

'000 T

Sales Quantity BU3

BU2

BU1 62.6 59.4 54.2

48.2

73.0

0%

20%

40%

60%

80%

100%

2012 2013 2014 2015 2016

71% 58% 65% 65% 70%

29% 42%

35% 35% 30%

0% 0% 0% 0% 0%

Sales Quantity in Percentage BU3

BU2

BU1

0%

20%

40%

60%

80%

100%

2012 2013 2014 2015 2016

55% 44% 53% 52% 57%

44% 55% 46% 47% 42%

1% 1% 1% 1% 1%

Sales Value in Percentage BU3

BU2

BU1

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2012 2013 2014 2015 2016

2,041 1,405

1,937 1,915 2,287

1,632

1,737

1,692 1,707 1,661

27

17

18 24 31

Sales Value-Million Baht BU3

BU2

BU1

3,646 3,700

3,159

3,647 3,979

GROSS PROFIT STRUCTURE

26

26

-

50

100

150

200

250

300

2012 2013 2014 2015 2016

80 55 51 67 85

164 177 162

170 180

6 4

5 8

9

Gross Profit By BU BU3 BU2 BU1

236 245 218

274 250

0%

20%

40%

60%

80%

100%

2012 2013 2014 2015 2016

32% 23% 23% 27% 31%

66% 75% 74% 70%

66%

2% 2% 3% 3% 3%

Gross Profit in Percentage BU3 BU2 BU1

3.9% 3.9% 2.6% 3.5% 3.7%

10.1% 10.2% 9.6% 9.9% 10.8%

21.5% 22.4%

30.1% 33.3%

30.2%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

2012 2013 2014 2015 2016

Gross Profit Margin by BU BU1

BU2

BU3

27

27

STATEMENTS OF COMPREHENSIVE INCOME HIGHLIGHT

Profitability Ratio

Revenue & Net Profit

Profit Margin

• GC’s gross profit margin of 2016 was higher

than 2015’s due to the shortage of supply in

some products caused our selling price more

competitive.

• GC’s net profit margin of 2016 has been

increasing compared to 2015’s due mainly to the

higher sales volume and profit margin.

Revenue and Net Profit

In 2016, Sales increased from 2015 around 9%

derived from the rise in sales value of BU1

resulting from the improving in Thai economy and

our sourcing ability of substitute products from

overseas during the locally short of supply period.

In addition, our strategy of preserving high

potential customer group was also supporting

sales growth.

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

3,710

3,172 3,659 3,659

3,985

76 70

48

79

93

-

30

60

90

120

150

0

500

1000

1500

2000

2500

3000

3500

4000

2012 2013 2014 2015 2016

Revenue (

Mill

ion B

aht)

Revenue Net Profit

6.31 6.93

5.48 6.29 6.48

2.06 2.21 1.31

2.17 2.34

19.28 17.44

12.08 19.56

21.81

-

5

10

15

20

25

30

35

40

45

50

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

2012 2013 2014 2015 2016

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

ROE Profit

28

28

STATEMENTS OF FINANCIAL POSITION

Unit : Million Baht

Asset 31/12/2016 31/12/2015 Change %

Trade Receivables 700.88 690.51 10.37 2%

Inventory 478.66 501.80 -23.14 -5%

Net Fixed Assets 126.95 126.34 0.61 0%

Total Assets 1,361.09 1,378.40 -17.31 -1%

Liabilities

Short Term Loan 662.03 634.09 27.94 4%

Trade Payables 223.32 270.85 -47.53 -18%

Total Liabilities 929.94 956.30 -26.36 -3%

Equity

Paid up Capital 200.00 200.00 0.00 0%

Share Premium 56.03 56.03 0.00 0%

Retained Earnings 175.12 166.06 9.06 5%

Total Equity 431.15 422.10 9.05 2%

29

29

STATEMENTS OF FINANCIAL POSITION HIGHLIGHT

D/E ratio is relatively lower.

D/E ratio drop less than 2.0 which was decreased after IPO proceeds. However, the higher D/E ratio in

2013-2016 was resulting from the

increase in short term loan.

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.

4.35

2.00 1.70 1.58

1.20 1.10 1.43

1.87 1.80 2.21 2.01

2.27 2.16

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Debt to Equity Ratio

0.94

1.28

1.46 1.37

1.48 1.58

1.46 1.37 1.38 1.32 1.36 1.33 1.34

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Current Ratio

Dividend

(BPS.) Before On X-Date

31-Dec-16 0.20 17-May-17 27-Apr-17 n/a n/a 3.39% *

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%

* Calculate from closing price on 22-Feb-16 @ 5.90 baht

Operation

Period EndingPayment Date X-Date

Price with X-Date Dividend Yield

(cal. From before

X-Date Price)

DIVIDEND PAYMENT RECORD

31

31

DIVIDEND PAYOUT RATIO

108

77 96

124

80 76 70 48

79 93

74%84% 83% 80%

99% 95% 91% 97%88% 90%

0%

20%

40%

60%

80%

100%

120%

140%

-

20

40

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Div

ide

nd

Pa

yo

ut

Ra

tio

Ne

t P

rofi

t (M

illio

n B

ah

t)

Net Profit (Million Baht.) Dividend Payout Ratio

Company Overview

Plastic and Petrochemical Industry

The 2016 Performance

IR Report & Investment Highlight

Q&A

Today Content

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

4.20

4.30

4.40

4.50

4.60

4.70

4.80

4.90

5.00

5.10

3/1

0/5

9

6/1

0/5

9

11/1

0/5

9

14/1

0/5

9

19/1

0/5

9

25/1

0/5

9

28/1

0/5

9

2/1

1/5

9

7/1

1/5

9

10/1

1/5

9

15/1

1/5

9

18/1

1/5

9

23/1

1/5

9

28/1

1/5

9

1/1

2/5

9

7/1

2/5

9

13/1

2/5

9

16/1

2/5

9

21/1

2/5

9

26/1

2/5

9

29/1

2/5

9

Trade Volume (Shares)

GC Closing Price (THB)

Volume Trade GC Closing Price

STOCK MOVEMENT

4.20

4.30

4.40

4.50

4.60

4.70

4.80

4.90

5.00

5.10

1,300

1,350

1,400

1,450

1,500

1,550

1,6003/1

0/5

9

12/1

0/5

9

21/1

0/5

9

2/1

1/5

9

11/1

1/5

9

22/1

1/5

9

1/1

2/5

9

14/1

2/5

9

23/1

2/5

9

GC

Clo

sin

g P

rice (

TH

B)

SE

T IN

DE

X

SET INDEX GC Closing Price

4.20

4.30

4.40

4.50

4.60

4.70

4.80

4.90

5.00

5.10

750

800

850

900

950

1,000

1,0503

/10

/59

12/1

0/5

9

21/1

0/5

9

2/1

1/5

9

11/1

1/5

9

22/1

1/5

9

1/1

2/5

9

14/1

2/5

9

23/1

2/5

9

GC

Clo

sin

g P

rice

PE

TR

O

IND

EX

PETRO INDEX GC Closing Price

5.69

8.92

10.45

9.13 9.78

8.85

7.29 7.23 6.86

5.22

8.22 7.66

4.50 4.70

2.30

5.50

(0.90)

3.30 3.81

3.02 2.18 1.89

(0.90)

0.19

3.00

4.50

2.32 1.88

0.83 1.55

2.85 2.43 2.25

1.73 1.40 1.40

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

GC's Dividend Yield

Inflation Rate Avg 1 Year Deposit Interest Rate GC's Dividend Yield

37

37

THANK YOU, QUESTIONS ARE WELCOME