Nationwide Motorcycle Title Loan Leader. Financial Advisor and Lead Underwriter 1

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Roland Robbins
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1 Nationwide Motorcycle Title Loan Leader Financial Advisor and Lead Underwriter 1

2 Financial Highlights Unit: MB 2Q14 2Q15 YoY % 1Q15 QoQ New Loan Amount 3,58 4, % 3, % Total Revenue % % Net Profit % % H14 1H15 HoH New Loan Amount 7,167 8,255 9,84 12,471 5,812 8, % Total Revenue 663 1,25 1,548 1, , % Net Profit % 2

1% 211 212 213 214 1H14 1H15 HoH New Loan Amount 7,167 8,255 9,84 12,471 5,812 8,436 45.

3 Share Capital Information Price (Aug 1, 215) : Bt 18.5 Hi/Low : 2.7/5.5 Major Shareholders (April 3, 215) Mr. Chuchat Petaumpai 37.38% No. of shares : 2,12 M Mr. Daonapa Petampai 3.9% Market Capitalization : 39,22 MB MSCI Global Small Cap Indexes Others 1.3% Public 21.69% Board of Directors 1. Admiral Apichart Pengsritong Chairman 2. Mr. Chuchat Petaumpai Director 3. Mrs. Daonapa Petampai Director 4. Mr. Yodhin Anavil Director 5. Mrs. Kongkeaw Piamduaytham Director 6. Mr. Kampol Tatiyakavee Director 7. Mr. Chainoi Puankosoom Director Audit Committee 1. Mrs. Kongkeaw Piamduaytham Chairman of the Audit Committee 2. Mr. Kampol Tatiyakavee Audit Committee 3. Mr. Chainoi Puankosoom Audit Committee Ms. Duangkhae Songnuy as Audit Committee secretary. Ms. Monthon Onphan as Company secretary. 3

Daonapa Petampai Director 4. Mr. Yodhin Anavil Director 5. Mrs. Kongkeaw Piamduaytham Director 6. Mr. Kampol Tatiyakavee Director 7. Mr. Chainoi Puankosoom Director Audit Committee 1. Mrs. Kongkeaw Piamduaytham Chairman of the Audit Committee 2.

4 Contents Company Profile Business Operation Industry Overview Financial Highlights 4

5 Company History Established in May 22, 1992 to provide motorcycle hire purchase business under the name D.S. Leasing Co.,Ltd. by Mr. Chuchat Petaumpai and Mrs. Daonapa Petampai Started providing Motorcycle Title Loan Terminated Motorcycle Hire Purchase business 21 Started providing Agricultural Vehicle Title Loan Changed its name to Muangthai Leasing Co.,Ltd. 23 Started providing Car Title Loan 26 Started operating Personal Loan under supervision of the Bank of Thailand Invested in 99.99% of Muangthai Leasing Insurance Broker Co., Ltd. 214 IPO in November Started Nanofinance Started Land Title Loan Expanded nationwide 5

Daonapa Petampai Started providing Motorcycle Title Loan Terminated Motorcycle Hire Purchase business 21 Started providing Agricultural Vehicle Title Loan

6 Type of Services 1. Secured Loan 2. Unsecured Loan Use vehicle title and land title as collateral The Company offers loan service to low income individuals that have no access to financial services from commercial bank but have ownership in vehicle and land Ownerships of vehicle and land are not transferred to the Company but the borrowers have to surrender their titles to the Company and sign in the transfer document (Blank Transfer) in exchange for loan granted The borrowers can possess their assets as usual Personal Loan The Company offers personal loan only to existing customers who have good payment record Credit Line is limit at Baht 1, Under supervision of Bank Of Thailand Nano finance Credit Line is limit at Baht 2, Under supervision of Bank Of Thailand Motorcycle Title Loan Car Title Loan Agricultural Vehicle Title Loan Land Title Loan Occupation Individuals Individuals Farmers Farmers Vehicle Type Credit Line Baht 3,-3, < Baht 2, < Baht 7, for Thai farmer truck < Baht 15, for tractor < Baht 5, Age of vehicle Not exceed 12 years Not exceed 25 years Depend on the condition of engine - Installments 1-24 months 1-24 months : credit line < Baht 3, 12-5 months : credit line Baht 3, 4 months 6

ownership in vehicle and land Ownerships of vehicle and land are not transferred to the Company but the borrowers have to surrender their titles to the Company and sign in the transfer document

7 Credit Approval Process Verify Customer, Guarantor and Collateral Determine Credit Line Document Preparation Loan Approval Loan Approval Notification Qualification of Customer Qualification of Guarantor Collateral Type of Vehicle Brand and Model Age of Vehicle Credit Approval Checklist Loan Agreement Ownership Transfer Memo In case of motorcycle title loan value below Baht 3,, credit analyst can approve such loan in accordance with credit approval table. Vehicle Condition Ownership Transfer Form Power of Attorney In case of Car or Agricultural vehicle title loan or motorcycle title loan that value Baht 3, and more, the approval must be granted by branch manager or regional manager. 7

motorcycle title loan value below Baht 3,, credit analyst can approve such loan in accordance with credit approval table.

8 Repossession and Auction Process Customer pasts due more than 2 months MTLS has 4 own auction centers for selling the collateral vehicle repossessed from the customers. The Company could repossess the collateral vehicle from the customer (must be granted an approval from Branch Manager) Phitsanulok Auction Center Khonkaen Auction Center Head of debt collection unit gathers the collateral vehicle from branches and deliver them to the auction centers. Ayudhya Auction Center Chonburi Auction Center The auction centers are responsible for selling of the collateral vehicles. 8

The Company could repossess the collateral vehicle from the customer (must be granted an approval from Branch Manager) Phitsanulok Auction

9 Distribution Channel Head Office Total 715 branches 6 million 148 branches 1 Big Branch 22 million 125 branches million 437 branches Sub Branches Q15 2Q15 7 Service Center 1 million 5 branches Opened 35 new branches 25 branches in North East 1 branches in Central 9

415 7 Sub Branches 211 212 213 214 1Q15 2Q15 7 Service Center 1 million 5

10 Business Target 1,4 1, Expand its services network throughout the country Expand no. of branches to 1,4 branches by year 217 Increase new loan to Baht 25, million in year ,5 MB in 215* 1

11 Branches Full Branch Sub Branch Service Center Branch Sub Branch Service Center CAPEX (Baht) 8, 4, 25, 11

12 Vehicle Title Loan Industry Household Loan Private Consumptions Billion Baht Baht/Month Billion Baht 12, 1, 8,789 9,792 1,432 22, 21, 6,294 6,476 6,645 7, 6,5 8, 6, 4, 2, 7,447 6, , 19, 18, 17, 16, 15, 5,743 5,43 2,892 18,766 19,61 16,819 17, , 5,5 5, 4,5 4, Source : Office of the National Economic and Social Development Board and Bank of Thailand Average monthly household expenditure Private Consumption Million Accumulated Number of Vehicle Registration Proportion of Vehicle Registration as of December, Other Vehicles 4.85% Car Motorcycle 38.48% 56.67% Source : Department of Land transport Motorcycle Car Others 12

Thailand Average monthly household expenditure Private Consumption Million 4 3 2 1 Accumulated Number of Vehicle Registration 1.63 1.74 1.5 1.29 1.39 11.83 13.2 13.79 9.89 1.65 17.3 18.15 19.

13 New Loan Lending % HoH New Loan Amount Number of New Contracts 15, 12, 9, 7,167 8,255 9,84 12,471 3,433 3, % HoH % YoY % QoQ Contracts 1,, 8, 616, ,645 6, 717,79 848, , , % HoH % YoY % QoQ 6, 3,58 4, 21,322 3, 2,754 3,73 4,76 2, 192, ,14 289,947 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Proportion of New Loan Amount in 1Q15 Proportion of New Loan Amount in 2Q15 Agricultural Vehicle 4.21% Personal Loan 3.76% Agricultural Vehicle 4.77% Land.11% Personal Loan 3.25% Car 19.94% Car 22.92% Motorcycle 72.1% Motorcycle 68.95% Total new loan amount granted in 1Q15 was Baht 3,73.6 million Total new loan amount granted in 2Q15 was Baht 4,76.15 million 13

85% QoQ 6, 3,58 4, 21,322 3, 2,754 3,73 4,76 2, 192,279 246,14 289,947 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Proportion of New Loan Amount in 1Q15 Proportion of New Loan Amount in 2Q15

14 Loan Receivables Loan Receivables classified by Types of Loan Proportion of Loan Receivables as of 2Q15 1, 9, 8, 7, 6, 5, 4, ,31 1, ,265 Agricultural Vehicle 3.7% Car 24.23% Land.5% Personal Loan 2.55% 3, 3,679 4,361 5,83 5,93 5,993 6,493 2, Motorcycle Motorcycle Car Agricultural Vehicle Personal Loan Land 69.47% Loan Receivables and No. of Branches Average New Loan and Loan Receivables per Branch 1, 8, 6, 4, 2, ,346 7,448 8,69 5,835 3,945 4,776 Loan receivable Number of branch Branches As of 1Q15 * Figure is annuanlised Loan receivable per branch 56 * As of 2Q15 New loan per branch * 14

15 Loan Receivables Quality 1. Allowance for Doubtful Account by Aging Aging Current and past due for not more than 3 days Rate of allowance for doubtful accounts 1% Past due for 31-9 days 2% Past due for more than 9 days 1% Receivables transferred to litigation 1% 1% 9% 8% 7% 6% Loan Receivables classified by aging 1.1% 1.2% 1.99% 1.37% 1.28% 1.14% 8.48% 9.31% 1.96% 9.6% 8.41% 8.13% 9.42% 89.67% 87.5% 89.57% 9.31% 9.73% 2. Additional provision for potential uncollectible receivables (General Reserve) : calculated by PD x LGD Allowance for Doubtful Account 5% Overdue less than 3 days Overdue 31-9 days Overdue more than 9 days Asset Quality Ratio % % 29.1% 269.6% % 6% 5.52% % 2% 1.1% 3.56%.99% 2.14% 4.36% 3.75% 3.24% 1.5% 1.39% 1.25% Allowance for doubtful account by Aging % Allowance for doubtful debts to total loans Additional provision for uncollectible receivables Non performing loans Non performing loan to total loans Allowance for doubtful accounts to non performing loans ratio 15

Receivables transferred to litigation 1% 1% 9% 8% 7% 6% Loan Receivables classified by aging 1.1% 1.2% 1.99% 1.37% 1.28% 1.14% 8.48% 9.31% 1.96% 9.6% 8.41% 8.13% 9.42% 89.67% 87.5% 89.57% 9.31% 9.

16 Operating Results Total Revenues Revenues Structure 2, 1,5 1,25 1,548 1, % HoH 1% 75%.13%.95%.58%.5% 1.47%.54% 23.21% 14.29% 15.38% 15.5% 13.89% 13.27% 1, % YoY +9.38% QoQ 5% 76.66% 84.76% 84.4% 84.45% 84.64% 86.19% % Q1 Q2 Q3 Q4 % Interest Income Fee and Service Income Other Income Interest Income 2, 1,567 Total Revenues is new high due to branch expansions 1,5 1, 58 1,59 1, % HoH % YoY % QoQ Interest Income takes a significant portion in Revenue Structure Less Other Income caused by less interest from cash deposit Q1 Q2 Q3 Q4 16

19% 5 446 426 533 583 25% Q1 Q2 Q3 Q4 % Interest Income Fee and Service Income Other Income Interest Income 2, 1,567 Total Revenues is new high due to

17 Operating Results Operating Expenses Net Profit 2, 69.92% 8% % HoH 1,5 1, % 55.32% 56.35% 56.68% 56.13% % 4% 2% % YoY +1.1% QoQ Operational Expense % Cost to Income % Q1 Q2 Q3 Q4 Interest Income Ratio, Interest Expense Ratio and Interest Spread Net Profit Margin and Return on Equity 3% 25% 2% 19.24% 24.9% 25.71% 24.81% 24.25% 23.9% 4% 3% 24.67% 22.7% 29.32% 34.4% 32.7% 15% 1% 5% 15.% 19.57% 19.49% 18.83% 18.26% 18.24% 4.24% 5.34% 6.23% 5.98% 5.99% 5.66% * 2% 1% 16.12% 11.14% 21.75% 19.96% 15.45% 13.97% 14.% % * Interest is calculated by adjusting the effect of loan paid in December. Interest Income Ratio Interest Expense Ratio Interest Spread % Net Profit Margin Return on Equity 17

24% 24.9% 25.71% 24.81% 24.25% 23.9% 4% 3% 24.67% 22.7% 29.32% 34.4% 32.7% 15% 1% 5% 15.% 19.57% 19.49% 18.83% 18.26% 18.24% 4.24% 5.34% 6.23% 5.98% 5.99% 5.66% * 2% 1% 16.12% 11.14% 21.75% 19.

18 Financial Position Bank Loan Total Liabilities 5, 4, 2,37 3, 32.5% 2, 67.5% 1, 2, % 81.9% 3,919 3, % 14.4% 94.1% 85.6% 4,362 2, % 28.45% 71.55% 34.8% 5, 4, 3, 2, 1, 2,715 3,24 4,79 3,671 3,68 4,554 Long-term Loans Short-term Loans Shareholders Equity Debt to Equity Ratio Times 6, 5,16 5,288 5, , 2. 4, 1.5 3, 2, 1,251 1,585 1, ,. 18

8% 5, 4, 3, 2, 1, 2,715 3,24 4,79 3,671 3,68 4,554 Long-term Loans Short-term Loans Shareholders

Head Office 32/1, Charansanitwong Road, Bangor, Bangplad, Bangkok 10700 Tel: 0-2880-1033 Fax: 0-2880-1173 Website: www.muangthaileasing.co.

(Translation) -Information Memorandum- Muangthai Leasing Public Company Limited (MTLS) Head Office 32/1, Charansanitwong Road, Bangor, Bangplad, Bangkok 10700 Tel: 0-2880-1033 Fax: 0-2880-1173 Website: