BKDBangkok Dec-Con PCL

1

BKD at a glance

• Since BKD was established in 1985, we have been committed to become Thailand’s one-stop service provider for interior design and construction.

• Currently, we are one of the first service providers customers think of when searching for an interior contractor.

• Other than the core interior business, we also invested in a water company that is licensed to sell tap water in some parts of Phuket; thus creating a recurring income for BKD.

2

Gold Shores Co.,Ltd

• BKD holds 40% of the company

• Paid ~600MB on December 3, 2018

3

Water supply

• Land area ~340 Rai

• Situated near Klong Bang Thong, Thai Mueang District, Phang-nga

• 22km from Sarasin Bridge

4

Sand Selling

5

6

Water Production Station

Piping WorkMain piping (900mm) Piping for customers (50mm)

7

Water StationBefore sending to the tap water station, then the customers.

8

Some of our customers

• Our team has expertise in various industries

• We control and take responsibility in all aspects to achieve the requirements of our customers regarding quality, cost, and delivery

9

Completed Projects

BDMS Wellness Clinic and Resort Nai Lert Park (75MB)

10

Completed Projects

Chakri Naruebodindra Medical Institute (672MB)

Gateway (55MB)

11

On-Going Projects

Hyatt Regency Samui (34MB)

Imperial Boathouse Samui Renovation (90MB) Banyan Tree Krabi (106MB)

12

Financial Data

Key Financial Data

2018 Revenue Contribution

Hotel23%

Hospital27%Office

21%

Condo7%

Abroad13%

Other9%

Operating Revenue and Net Profit Margin

2017 2018 YoY

Total Revenue 1,455.88 1,171.02 -20%

Gross Profit 54.85 288.85 427%

Operating Profit 46.81 214.39 358%

Net Profit 38.58 170.42 342%

Total Asset 1,701.10 2,076.06 22%

Total Liabilities 555.22 462.80 -17%

Shareholder’s Equity 1,145.89 1,613.26 41%

Gross Profit Margin 3.77% 24.67% 21%

Operating Profit Margin 3.22% 18.31% 15%

Net Profit Margin 2.65% 14.55% 12%

Current Ratio 1.73 1.63 -6%

Debt to Equity Ratio 0.48x 0.29x -41%

Return on Assets (ROA) 23.52% 11.27% -12.25%1

Return on Equity (ROE) 28.97% 12.35% -16.62%1

Earnings per share 0.332

0.17 -48%

Book value per share 0.50 0.50 0%

Dividend per share 0.342

0.15 -56%

From increased shareholder’s equity1

From gain on sales of the investment property2

599

907

1154

13681456

1171

2%

10%

14%

6%

3%

15%

0%

2%

4%

6%

8%

10%

12%

14%

16%

0

200

400

600

800

1000

1200

1400

1600

2013 2014 2015 2016 2017 2018

Revenue Net Profit Margin 13