Opportunity Day 2023

Virtual Event

Date: 24-Feb-2023
 Disclaimer

The information contained in this presentation is intended solely for your personal
reference. Please do not circulate this material. If you are not an intended recipient, you
must not read, disclose, copy, retain, distribute or take any action in reliance upon it.

Some statements made in this material are forward-looking with relevant assumptions,
which are subject to uncertainties, which may cause the actual result/performance to be
materially deviated from any future result/performance implied by such forward-looking
statements. Please note that the company and management/staff are not capable to
control and guarantee if these forward-looking statements will be accurately materialized,
they are subject to various risks and uncertainties.

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2022 Financials

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 Netbay’s financial highlights

14% 79% 37% 35%

Revenue Growth Gross Profit Margin Net Profit Margin Return on Equity

Revenue rises as the economy improves. In addition, in the fourth quarter the company recognized revenue based on
the percentage of completion of the project to Total Document Handling (TDH) for Thailand Post Co., Ltd.

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 Financial result
TOTAL REVENUE GROSS PROFIT
CAGR: 8.9%
Unit: THB mm Unit: THB mm
700 22% 15% 15% 14% 600 78.5% 77.5% 80.5% 78.8% 80.5% 78.8%
14% 3% 80.4%
-6% 80.0%
0.0%
457.2 400 360.2 60.0%
500 330.9 322.4
411.7 388.5 400.5 291.0 306.2
361.6 -50.0% 243.9
314.8 214.3 40.0%
272.9 200
300
-100.0% 20.0%

100 -150.0% 0 0.0%

2016 2017 2018 2019 2020 Covid 2021 2022 2016 2017 2018 2019 2020 2021 2022

Revenue from services Revenue Growth Gross Profit Gross Profit margin

EBITDA NET PROFIT

Unit: THB mm Unit: THB mm
400 50% 50% 60.0%
44% +11.7% YoY +2.5% YoY 50.0%
43% 45% 40.4% 42.4% 39.5% 40.7%
36.0% 36.8%
35% 228.7 400 32.2% 40.0%
31% 204.8 40.0%
191.2 173.7
200 159.0 30.0%
126.0 179.1 156.4 165.6 169.7
98.2 20.0% 200 148.8 20.0%
89.3 115.8
10.0%
0 0.0% 0 0.0%
2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022
Covid Covid
EBITDA EBITDA Margin Net Profit Net Profit margin

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 Strong financial position with Zero debt and healthy cashflow

FINANCIAL POSITION CASHFLOW

Y22 Y21
THB million FY22 FY21
Operating activities 149.9 204.5
Cash & Short/Long term investments 508 535 Investing activities 7.5 (30.5)
Trade and unbilled receivable 120 62 Financing activities (162.1) (159.9)
Other Assets 56 43 Net increase (decrease) (4.7) 14.1
Total Assets 684 640 Cash & cash equivalents B/F 66.5 52.4
Cash & cash equivalents C/F 61.8 66.5
Trade payable and accrued expenses 74 63
Unearned income 44 44
ROE / ROA
Interest- bearing Liabilities 40% 36.9%
35.0%
Other Liabilities 65 51 35% 33.4%
32.4%
34.5%

Total Liabilities 183 158 30.4%

30% 32.4%
30.4%
28.8%
Shareholders' Equity 501 482 25% 27.2%
24.5% 25.2%
Total Liabilities and shareholders' equity 684 640 20%

15%
2017 2018 2019 2020 Covid 2021 2022

ROA ROE

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 Q&As

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Thank you
The information contained in this presentation is
intended solely for your personal reference. Please do
not circulate this material. If you are not an intended
recipient, you must not read, disclose, copy, retain,
distribute or take any action in reliance upon it.

Some statements made in this material are forward-

looking with relevant assumptions, which are subject
to uncertainties, which may cause the actual
result/performance to be materially deviated from any
future result/performance implied by such forward-
looking statements. Please note that the company and
management/staff are not capable to control and
guarantee if these forward-looking statements will be
accurately materialized, they are subject to various
risks and uncertainties.