Dynasty Dynasty CeramicCeramic

“We are making the impossible,POSSIBLE.”

Contents

Road to Success Sales Reports Cost of Production Performance Competitor Analysis Going Forward Q & A

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Dynasty Dynasty CeramicCeramic

“Road to Success”

Timeline

DCC Timeline

Established on the 1st of August 1989

Listing on the SET on the 3rd of

January 1992

Registered as PCL on the 4th of

March 1994

Merged with Tile Top Industry at the end of 1997

1st company owned outlet

in 1998

Registered Capital of 408 million Baht in

2000

Forbes Award − Best Under a Billion 200 Companies in 2002

Dynasty Production

Process in 2004

Forbes Award − Best Under a Billion 200 Companies in 2006

Computerized Systems in the middle of 2007

Waste Heat Recovery

System in 2007

Ranked 17th world’s Largest Ceramic Tile

Manufacturer in 2008

Forbes Award − Best Under a Billion 200 Companies in 2010

200432.2 M2004

32.2 M2006

37.4 M2006

37.4 M

200535.5 M2005

35.5 M

200842.2 M2008

42.2 M

200945.1 M2009

45.1 M

201264 M201264 M2010

51.6 M2010

51.6 M

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201158.6 M2011

58.6 M

SET Outstanding Performance Award

2011

Dynasty Ceramic on 200 Best Public Companies

of the years 2010 Magazine

Our GrowthForecast

2012

DCC “with” Thai People

Dynasty Dynasty CeramicCeramic

“Sales Reports”

Sales Volume

Sales Value

Sales Volume & Sales Value Y2012Sales Volume & Sales Value Y2012

SALES VOLUME(M.Sqm.) SALES VALUE(MB)

2%%GROWTH 4%

1Q12

1Q11

2Q11

3Q11

4Q11

Y11

1Q12

1Q11

2Q11

3Q11

4Q11

Y11

Sales Volume & Sales Value 1Q2012Sales Volume & Sales Value 1Q2012

1Q12 4Q11 1Q11

%GROWTH 29%2%

28%4%

SALES VOLUME(M.Sqm.) SALES VALUE(MB)

1Q12 4Q11 1Q11

Outlet Quarterly Sales Outlet Quarterly Sales Performance by Region (MB)Performance by Region (MB)

Outlet Quarterly Sales Performance by Outlet Quarterly Sales Performance by Region (%)Region (%)

(%)(ล้�านบาท)

Agent 4%Agent 9%

Agent 2% Agent 2%Agent 7%

Agent 3%Agent 8%

Agent 2%Agent 1%

Agent 5%

Agent 3%Agent 6%

Agent 3%Agent 2%

Agent 5%

Agent 3%Agent6%

Agent 2%Agent 1%

Agent 4%

Agent 4%

Agent 9%

Agent 2%Agent 1%

Agent 6%

เปรียบเทยบยอดขายตามช่�องทางจำ�าหน�าย เปรียบเทยบยอดขายตามช่�องทางจำ�าหน�าย YY20020099 201– 201– 1, 1Q2012 1, 1Q2012 (MB)

(ล้�านบาท)

Sales Comparison by Distribution Sales Comparison by Distribution Channel YChannel Y 2010 201– 2010 201– 1, 1,

1Q20121Q2012(%)(ล้�า

Sales Comparison by Product Type YSales Comparison by Product Type Y22 009 20– 009 20– 11,1Q2012 11,1Q2012 (MB)

(ล้�านบาท)

Sales Comparison by Product Type YSales Comparison by Product Type Y22 010 20– 010 20– 11,1Q2012 11,1Q2012 (%)

Dynasty Dynasty CeramicCeramic

“Cost of Production”

Cost of Production Y2011

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Cost of Production 1Q2012

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Dynasty Dynasty CeramicCeramic

“Performance”

Notices

30% Tax (1Q11) DCC adopted new accounting standard (2011)

TAS19 - Employees’ Benefit Obligation (1Q11) First 85 Million Baht booked in Liabilities 12-15 Million Baht per year

Sales’ promotion and commission fee deducted directly from “Sales” (1Q11) Revising assets and its depreciation (2Q11)

23% Tax (2012)

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QUARTERLY PERFORMANCE QUARTERLY PERFORMANCE

M.฿

M.฿

%GROWTH 2%47%

NET PROFIT(MB)NET PROFIT(MB)//EARNINGS PER EARNINGS PER SHARE(BAHT) 1Q2012SHARE(BAHT) 1Q2012

NET PROFIT(MB) EARNINGS PER SHARE(BAHT)

1Q12 4Q11 1Q11 1Q12 4Q11 1Q11

Performance

FY06 FY07 FY08 FY09 FY10 FY11 1Q12Revenue (Bt mil) 4,460 4,475 5,095 5,905 6,531 7,227 2,096

Cost of Goods Sold (Bt mil) (2,829) (2,742) (3,130) (3,384) (3,630) (4,143) (1,264)

Gross Profit (Bt mil) 1,631 1,733 1,965 2,521 2,901 3,084 832

Gross Profit Margin (percent) 37 39 39 43 44 43 40

SG&A (Bt mil) (742) (791) (978) (1,079) (1,208) (1,237) (347)

Net Profit (Bt mil) 567 543 664 994 1,175 1,243 373

FY06 FY07 FY08 FY09 FY10 FY11 1Q12

Sales (Bt mil) 4,452 4,458 5,089 5,884 6,511 7,207 2,093

Sales Volume (Sqm. mil) 34 35 41 47 51 56 16

Average Sales Price (Bt/Sqm.) 129.31 125.72 124.65 125.38 128.62 128.91 128.93

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Performance

FY06 FY07 FY08 FY09 FY10 FY11 1Q12

Gas Cost of COGS (Bt mil) 619.06 549.06 929.76 702.97 946.81 1,314.41 381.31

Natural Gas Price (Bt/MMBTU) 259.39 257.09 354.44 245.54 303.07 371.67 412.03

Transportation Cost (Bt mil) 362.15 345.70 438.51 410.48 517.39 598.06 170.08

Transportaion Cost (Bt/Sqm.) 10.34 9.58 10.69 8.66 9.97 10.58 10.56

Oil Price (Bt/Litre) 25.58 25.50 31.17 23.87 28.50 29.44 31.29

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Key Financial Ratios Key Financial Ratios

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Dynasty Dynasty CeramicCeramic

“Competitor Analysis”

Sales Volume (M.Sqm.)

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Sales Value (MB)

30

Profit (MB)

31

ASP (Baht/Sqm.)

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Dynasty Dynasty CeramicCeramic

“Going Forward”

Risk Factors

Natural Gas price is said to increase 5% in 2012 Natural Disaster worse than previous year? Government Policies

Production Capacity Expansion Plan

2012

2012 Outlook

Targeting 10% growth in revenue Targeting to open 15 outlets Targeting 42% gross margin Increase ASP to 133 Baht Domestic market share up to 50% Increase 5% in production capacity by modifications More than 95% capacity utilization rate Reduce 5% of labor Reduce SG&A Intensive training programs for all employees

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…and Next?

Targeting 10 billion Baht Revenue at the end of 2014 Increase same store growth 350 Outlets in 2021 throughout Thailand Reduce 5% of work force every year for the next 5 years Improve gross profit margin Maintain 100% dividend pay out Looking for market opportunity abroad Research, Research, Research

Dynasty Dynasty CeramicCeramic

“Questions?”

MARUTH SAENGSASTRAVice President & C.I.O.

Dynasty Ceramic PCL.Tile Top Industry PCL.37/7 Sutthisarn Rd., Samsennok, Hueykwang BKK.10310E-mail : maruth@dynastyceramic.com

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