The Year of 2022

Performance
Announcement

Opportunity Day
Presentation

February 22nd , 2023 Advancing together for a sustainable future

 Content
Company Overview

Industry Info and Economic Situation

The Year of 2022 Performance

IR Report & Investment Highlight

Q&A
 “Best-in-class solution for a sustainable raw materials supply”

Compounders
Olefin & Aromatic Monomer producers Polymer producers
Producers (MEG, VCM) (PP, PE, PVC) Master batch Converters
producers

Upstream Intermediate Downstream Compounders End users

Petrochemical and Plastic Producers

GC’s Company Overview Product Categories

• Since 1994
• Over 30 Leading Producers
- Top 3 in the world -
Commodity Specialty Engineering Specialty Chemicals
Polymer Polymer & Rubber & Intermediate
GC’s role and positioning in the market
Leads the differentiation
Economy of Scale to Suppliers

Suppliers S1 S2 S3 S4 S5 Sn

Logistic : Warehousing, small delivery, and repacking

Sales & Marketing : Closely contact Demand forecasting & Inventory planning
Provided Technical Services : Troubleshooting : Product, Market and Application Development
Financing & Structuring solution : Extending our expertise to customer

Customers C1 C2 C3 C4 C5 Cn

Economy of Scope to Customers

4
Company History
1994 - 1999 2000 - 2005 2006 - Current
Create sustainable growth being the best
Start business with commodity Diversify company portfolio from
partner for solution and service in industrial
plastic commodity to specialty plastic raw material supply

1996 2006 2011 Distributing agent

Distributing agent of SCG Plastics 2000 Distributing agent of Miliken, Imerys (Mineral,
2016
and Eastman Chemical , which Distributing agent of Nanocor Inc. Carbon)
Invest in PV solar 2022
was the start of specialty product of AES : Santroprene ExxonMobil : ENABLE, EXCEED
2009 rooftop project Add the Paid up
distribution. 2014
1998 2004 Distributing ExxonMobil : Distributing agent of Capital
Distributing agent agent of ExxonMobil Vistamaxx Film TechnoGreen and to 220 MB
of Owens Corning and Rio Tinto Mineral UBE GROUP
Asia

1994 1996 1998 2000 2004 2006 2008 2010 2012 2014 2016 2021 2022

2021
1994 1999 Distributing Agent of
2008 2010 2015
GC was established Distributing agent of Siam BASF, Phontech,
Distributing agent Distributing agent of Service water
by 5 founders with Polystyrene (Thailand) Co., ltd. Syntec, Ecoblue
of DIC Trinseo (Styron) and cooling 2020
initial registered and Cabot Corporation ExxonMobil : PE PP BST Elastomers system solutions Investing to expand
capital of 2 MB. 1997 2005 warehouse totaling
Distributing agent of DuPont Listed company and 2012 10,000 𝒎𝟐 in storage
Performance Polymers and paid-up capital to 200 MB Change Distributing agent of space
CHIMEI CORPORATION ExxonMobil : Butyl & Vistamaxx SCG to GCM, ExxonMobil : Special Compound
Our Product
COMMODITY POLYMER SPECIALTY ENGINEERING POLYMER SPECIALTY CHEMICALS
& RUBBER & INTERMEDIATE
• Polyolefins • Nylon, POM, PBT, TEEE, PCT, LCP, PPS • Plastic Additives
PE: HDPE, LDPE, LLDPE (C4,C8) • Black/White Color MB • Intermediate chemical
PP: Homo, Block Copo, Random • PETG//PCTA/PCTG, CELLULOSE, TRITAN • Water and waste solutions
• PU • GPPS, HIPS, ABS, SAN, SBC
• Tie Layer Polymer • PC, PC/ABS
• Specialty Polyolefins • EVA for HMA, Hydrocarbon Resin
• PE Plastomer, PP Plastomer
• TPE, TPVs, TPO, TPR, TPU, TEEE
• Glass Fiber (Chop Strand, Long glass)
• EPDM , BUTYL, BR, SBR
• TALC, SILICA, CARBON BLACK
• CARBON & THERMAL CONDUCTIVE
• FLAME RETARDANT (ZB, ATO)
• Reinforcement compound
• Special compound & Super Engineering

6
 Industry Focus CONSUMERS PRODUCTS
INDUSTRIAL - Flexible Film & Packaging
- Rigid Packaging
AUTOMOTIVE - Electrical & Appliances
- Bubble wrap
- Interior Part - Constructions - Shoes
- Exterior Part - Adhesives& Sealant - Medicals
- Under hood - Others

7
Sale Quantity by industry
1%
4% 3% 0%

12% 4% 0%
5% 1%
-1.2% 11% Packaging
Consumer products & Household
Y-2022 Y-2021 46% Automotive
11% 50% Petrochemical & Intermediate
12%
92,227 Tons.
93,339 Tons. Agriculture
Electrical & Electronics
Construction
21% Others
19%

8
Sale Quantity growth by industry
Sales Quantity
(Ton) Y 2021 Y 2022
8%
50,000 46,536
43,125
45,000
40,000
35,000
30,000
-12%
25,000 19,587
17,298
-10% 10%
20,000
11,645
15,000 10,428 9,972 10,920 -13%
-34% -48%
10,000 4,574 21%
3,966 3,515 2,307
5,000 422 513 499 259
-
Packaging Consumer Automotive Petrochemical Agriculture Electrical & Construction Others
products & & Intermediate Electronics
Household

9
Company Strategy in 2023 :

Resilience and Competitive Advantage

Talent management & Succession Plan : IDP Project

Create Sustainable Supply Chain

Support Sourcing Green Product

Ethical Standard : Good Corporate Governance for Sustainability

Growth

10
 Content
Company Overview

Industry Info and Economic Situation

The Year of 2022 Performance

IR Report & Investment Highlight

Q&A
 12
ที่มา : http://plastic.oie.go.th
Thailand’s value of plastic resin supply chain : 2021
Thailand’s plastic convertor value : 2021
Competitor Benchmark

17
 Competitor Sales Analysis 2019 - 2021 (MB.)
5,522 +11%

4,989 +37%

+39% 4,599
+41%

4,079

3,597
3,345
+33%
+29%
2,842 +23% 2,890
-12%
2,519 2,615
+41% +30%
2,335
2,044 2,062 2,133 2,044 2,046
+31% 2,022
+9%
+44% 1,527 1,573
1,461 1,382
1,312
1,264 1,165 +27%
+60%
+48% +15% 909
730 +58%
751
543 590
457 470
318 474 269
170

GC A B C D E F G H I J K L M N O Benchmark

2020 2021 2022

Remark: 18
Benchmark: Average Actual Sales
Economic Outlook

19
 Gross Domestic Product in Q4/2022

Growth Rates of the Manufacturing Sector

Source : Office of the National Economic and Social Development Council Friday 17 February, 2023 20
Source : Office of the National Economic and Social Development Council Friday 17 February, 2023 21
Thai baht depreciated by 15-18% in 2022 against dollar.
 Content
Company Overview

Industry Info and Economic Situation

The Year of 2022 Performance

IR Report & Investment Highlight

Q&A
2022 Performance

24
 STATEMENTS OF COMPREHENSIVE INCOME
Unit : Million Baht
Actual Q4 Actual Year
2022 2021 Change 2022 2021 Change
Sales 1,207.70 1,312.12 -8% 5,521.66 4,988.80 11%
COGS 1,132.58 1,220.87 -7% 5,163.73 4,610.99 12%
Gross Profit 75.12 91.25 -18% 357.93 377.81 -5%
Selling & Admin Expenses 35.17 42.32 -17% 135.16 133.60 1%
Reduction of inventory to net
realisable value (Reversal) 0.00 0.00 0% 5.00 (1.00) -600%
EBITDA 39.95 48.93 -18% 217.77 245.21 -11%
Depreciation 3.03 3.08 -2% 12.15 12.82 -5%
Interest Expenses 3.91 2.12 84% 12.07 7.80 55%
Profit Before Other Income 33.01 43.73 -25% 193.55 224.59 -14%
Other Income 1.54 3.98 -61% 10.39 9.29 12%
Gain (Loss) on exchange rate 3.12 2.22 41% 0.05 1.84 -97%
Profit before Tax 37.67 49.93 -25% 203.99 235.72 -13%
Tax 7.71 9.71 -21% 41.40 46.65 -11%
Deferred Tax Expenses (0.06) (0.12) -50% (0.78) (0.06) 1200%
Profit for the year 30.02 40.34 -26% 163.37 189.13 -14%
Other comprehensive income 0.00 (1.04) -100% 0.00 (1.04) -100%
Total comprehensive income 30.02 39.30 -24% 163.37 188.09 -13%
25
 SALES QUANTITY & VALUE
Sales Quantity Sales Value-Million Baht 11%
'000 T 39%
+7% -1% 5,522
+14%
+19% 93.3 6,000 -2% 4,989
-2% 87.0 92.2 100 -1% 0%
76.1 90 5,000 3,660 3,610 3,597
63.7 80
70 4,000
60
50 3,000
40 2,000
30
20 1,000
10
- 0
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022

GROSS PROFIT DATA

่
Gross Profit ก่อนห ักค่าขนสง
10.0% 9.1% 700
8.1% 8.0%
7.6% 600
Gross Profit Margin (%)

8.0% 6.9%
500

Gross Profit
6.0% +23%
-5% 400
+11%
+6% +5% 399 379
4.0% 300
293 325
279 200
2.0%
100

0.0% -
2018 2019 2020 2021 2022
1.Gross Profit (Value) 2.Gross Profit Margin (%)
26
 STATEMENTS OF COMPREHENSIVE INCOME HIGHLIGHT
Revenue & Net Profit Revenue and Net Profit
6,000 5,000 5,532
200
In 2022, sales value increased from 2021’s around
5,000
189
11% due to the rise in demand from plastic packaging
3,673 3,624 3,613 150
Revenue (Million Baht)

4,000
163 and petrochemical industry during Q1/2022 and
3,000 136
115
100 Q2/2022 as well as the higher of average selling price
2,000
86 50 in 2022.
1,000

0 -
2018 2019 2020 2021 2022
Revenue Net Profit

Profitability Ratio Profit Margin

Profit Margin ROE • GC’s gross profit margin of 2022 was lower than
12.0 60
55
2021’s. This was derived from the shrinking in
10.0 50
8.50 7.57 45 purchasing power from slowdown economy during
8.0 7.17 7.59 40
6.48 Q3 – Q4/2022 which caused a severe price war.
35
6.0 27.22 30
24.72 35.30
19.17 29.04 25 • GC’s net profit margin of 2022 has been decreasing
4.0 20
15 compared to 2021’s resulting from the lower gross
2.0 3.78 10
2.35 3.18 3.79 2.96 5 profit margin as well as the rise in some operating
0.0 -
2018 2019 2020 2021 2022 expenses of 2022.
1.Gross Profit Margin (%) 2.ROE (%) 3.Net Profit Margin (%) 27
 STATEMENTS OF FINANCIAL POSITION
Unit : Million Baht
Asset 31/12/2022 31/12/2021 Change %
Trade Receivables 813.13 865.81 -52.68 -6%
Inventory 724.41 651.49 72.92 11%
Net Fixed Assets 234.54 243.00 -8.46 -3%
Total Assets 1,835.80 1,807.95 27.85 2%
Liabilities
Short Term Loan 979.51 872.07 107.44 12%
Trade Payables 221.89 320.33 -98.44 -31%
Total Liabilities 1,260.55 1,258.07 2.48 0%
Equity
Paid up Capital 220.00 200.00 20.00 10%
Share Premium 56.03 56.03 0.00 0%
Retained Earnings 299.21 293.85 5.36 2%
Total Equity 575.25 549.88 25.37 5%
28
 STATEMENTS OF FINANCIAL POSITION HIGHLIGHT
Debt to Equity Ratio D/E ratio is relatively lower.
3.00
2.29 2.19
2.50  D/E ratio drop from 4.35 times since 2004
2.00 1.81 1.79
1.48 which was decreased after IPO proceeds.
1.50
However, the lower D/E ratio in 2022
1.00
compared to ending 2021 was resulting from
0.50
the decrease in trade accounts payable.
-
2018 2019 2020 2021 2022

Current Ratio Continuous increase in current ratio

2.00
1.43 1.51
1.50 1.30 1.25 1.28  GC current ratio has been improving to
1.00 higher than 1.0x since GC got more working
capital from IPO proceed.
0.50
 This higher liquidity can reduce GC’s
- financial costs.
2018 2019 2020 2021 2022 29
 DIVIDEND PAYOUT RATIO
99%
200 2016 2017 2018 94% 2019
97% 2020 2021 94% 100% 2022
91% 93% 189
0.42 0.4 0.4 0.5 91%
88% 89% 0.58 0.375 0.35
180 87% 90%
84 84% 8083% 80 100 116 85% 150 154
94% 79% 163
160 93 75%
76% 90 86 115 136 189 80% 163
74%
91% 89% 93% 87% 85% 79% 94%
140 136 70%
0.47 0.45 0.43 0.58 0.68 0.95 0.37
Net Profit (Million Baht)

Dividend Payout Ratio

124
120 115 60%
108
100 96 50%
93
90 86
80 79
80 77 76 40%
67 70
60 30%
48
40 37 20%

20 10%

- 0%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Net Profit (Million Baht.) Dividend Payout Ratio

30
 Dividend Payment Record (Par = 0.50 Baht : 440 Million shares)
12% 0.400

10.45% 0.050 0.350

Dividend Yield (cal.from before X-Date)

10% 9.78% 9.33%

8.92% 9.13% 0.300
8.85%
8.22% 7.84% 8.40% 0.150
8% 0.125
7.29% 7.23% 0.250

Dividend (BPS)
7.47% 7.47%
6.86%
6% 0.200
5.69% 0.130 0.200 5.93% 5.96%
0.140
0.080 5.22% 0.100
0.110 0.110 0.150
4% 0.130 0.060 0.130 0.095 0.070 0.100
0.040 0.200 0.200 0.100
0.075
2% 0.120 0.120
0.100 0.110 0.110 0.050
0.070 0.070 0.070 0.085 0.090 0.075 0.075 0.090 0.090 0.090
0.050
0% - -
Y2005 Y2006 Y2007 Y2008 Y2009 Y2010 Y2011 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018 Y2019 Y2020 Y2021 Y2022
Dividend 1st half (BPS) Dividend 2nd half (BPS) - Cash Dividend 2nd half (BPS) - Stock Dividend Dividend Yield (Cal.from before X-Date)

*Calculate from closing price on 6 February 2023 @ 5.60 baht 31

12.00
GC's Dividend Yield
10.45 9.33
10.00 9.78
9.13 8.40
8.92 8.85 8.22
8.00 7.84
7.29
7.23
6.86 7.47 7.47 6.08
6.00 5.93
5.69 5.50 5.96
4.70 5.22
4.50
4.00 3.81
3.30 3.02
2.30 2.18
2.00 4.50 1.89 0.19 0.66 1.07 0.71
3.00 2.85 2.43 1.20
2.32 1.88 2.25 1.73
1.55 1.40 1.40 1.40 1.40 1.30 0.98
0.83 0.48 0.45
0.00

(0.90) (0.90) (0.80)

(2.00)
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Inflation Rate Average 1 year Deposit GC's Dividend Yield (%)

*Calculate from closing price on 6 February 2023 @5.60 Baht

Remark : Source Bank of Thailand
https://www.bot.or.th/Thai/Statistics/EconomicAndFinancial/Pages/StatMacroEconomicIndicators.aspx
*Interest rate is a average interest rate from Bank of Thailand 32
 Content
Company Overview

Industry Info and Economic Situation

The Year of 2022 Performance

IR Report & Investment Highlight

Q&A
 Average Petro
Investor Relations Report Bench Mark GC
Industrial*
Closing Price (THB) Trade Volume (Thousand Shares) P/E Ratio** 14.19 11.38

8.00 25,000 Dividend Yield (%)** 5.28 4.76

7.00 H @ 12.50
6.00 20,000 ROE (%)*** 29.04 9.55
5.00 15,000
4.00 Closing Price in Year 2022
3.00 10,000
2.00 L @ 5.75
5,000 GC Quarter Price
1.00
- - High Q2 7.30
(9 Jun 22)
5.00
Low Q1
(6,7 Jan 22)
Volume ('000) Price
Average Low Q1 5.46
Closing Price (THB) SET INDEX

8.00 1,750 Stock Volume in Year 2022

7.00 1,700
1,650 GC Quarter Volume
6.00
5.00 1,600 19,515,060
1,550 High Q2
4.00 (9 Jun 22)
1,500
3.00 8,500
1,450 Low Q4
2.00 1,400 (26 Dec 22)
1.00 1,350 Average min. Q4 85,504
- 1,300
Total max. Q2 52,847,014

Set Index Price **Set Smart 14/2/2023, ***ของ GC อ้างอิงงบการเงิ นล่าสุดปี 2022 34
Investment Highlight
An Organization of Unique Characteristics:
Visionary, experienced, hands-on management team & knowledgeable staffs,
Long term relation with trade partner and also Financial Institute
Distributorship of the world renowned producers in plastics & petrochemicals
(mostly in the top three ranking of the world in term of Advance Technology & Production Capacity)
Products variety which render complete range of raw materials to best suit the customers'
requirement (one stop shopping service)
Sustainable growth with systematic risk management : Bad debt (trade credit insurance),
foreign exchange exposure and price fluctuation
Diversified and well balanced sources of revenue from various industries
Regular (twice a year) Dividend payment with high yield. (Fully statutory reserve)
for the past 16 years. Top 50’s dividend yield of The SET in the range of 5-10% per annum
Good Corporate Governance : with Excellent level (Since 2017 - Present)
Best-in-class solution for a sustainable raw materials supply
35
 Content
Company Overview

Industry Info and Economic Situation

The Year of 2022 Performance

IR Report & Investment Highlight

Q&A
 Thank you,
Questions are welcome

37