1. 1
July 25, 2013

2. The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the
solicitation of an offer or invitation to purchase or subscribe for share in WHA Corporation Public Company Limited (“WHA” and shares in
WHA, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or
commitment whatsoever.
In addition, this presentation contains projections and forward-looking statements that reflect the Company's current views with respect to
future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to
business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many
cases are outside the control of the Company and its directors. You are cautioned not to place undue reliance on these forward looking
statements, which are based on the current view of the management of the Company on future events. No assurance can be given that
future events will occur, that projections will be achieved, or that the Company's assumptions are correct. The Company does not assume
any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or
events, or otherwise. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,”
or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results may differ from
those forecast and projected or in the forward-looking statements as a result of various factors and assumptions.
Disclaimer
2

3. Agenda
3

4. 4
Business Overview
• WHA provides logistics facilities to manufacturers, retailers and third-party logistics providers. Also, we provide best solution of logistics
infrastructure for MNCs and local enterprises.
• We offer Built-to-Suit Development services that include customized site location, design, construction and delivery of warehouse, distribution
center and factory to meet clients’ satisfaction and needs.
WHA Corporation PCL. (WHA)
Rental Business
Warehouse/ Distribution Center/ Factory
Other Recurring-Income
Business
Property for Sales
 Warehouse Farm
 Built-to-Suit
• World-class standard
for customers’ specific
needs
• Leasable area:
10,000-70,000 sqm.
• Combination of
built-to-suit and ready-built
project within same site
• Leasable area:
- Built-to-suit
10,000-20,000 sqm.
- Ready-built
4,000-5,000 sqm.
• Monetization of its rental
assets to this vehicle
 Sale to Existing Tenants
 WHAPF
 Return from
Investment of WHAPF
(Dividend)
 Property Manager Fee
• Property manager to
WHAPF
 Sale and Leaseback

5. Key Milestones and Developments
5
2003 2007 2009
2010
2006
2011
2003-2009
• Establishment of WHA Alliance and partnership with CWT
(Singapore) to develop first distribution center on Bangna-
Trad km.20 with leasable area of 52,900 sqm., followed by
expansion phase for 10,900 sqm.
2006-2007
• Establishment of Warehouse Asia Alliance and partnership with
GLOMAC (Malaysia) to develop distribution center for DKSH
Healthcare on Bangna-Trad km.19 with leasable area of 52,800 sqm.
2011
•WHA Corporation’s corporate restructuring to acquire 99.99%
of WHA Alliance from CWT (Singapore) and co-founder, and to
acquire 99.99% of Warehouse Asia Alliance from GLOMAC
(Malaysia) and co-founder to become WHA Corporation’s
subsidiaries.
•Development of first warehouse farm on Bangna-Trad km.18
with total leasable area of 72,179.48 sqm.
˗ Built-to-Suit: 45,798.34 sqm.
˗ Ready-built: 26,381.14 sqm.
2010
• Establishment of (initially known as M-WHA) with the fund size of
THB 1,283mm or USD 42.77mm with total leasable area of
39,808.80 sqm. of 2 warehouses and 1 factory.
2012
• On Feb 2012, monetization of 3 warehouses and 1 factory to
WHAPF, amount of THB 1,827mm with leasable area of 107,277
sqm.
• On Nov 2012, WHA Corporation became to be listed Co. traded in
SET, raising up to THB 1,709mm or USD 56.97mm
The post-IPO paid-up capital was THB 510mm
• Total Accumulative Built-to-Suit 309,017 sqm. and general
warehouse 196,034 sqm. under own and management of WHA.
2013
• On Jan 2013, monetization of 2 warehouses to WHAPF with
the fund raised up to THB 2,142mm or USD 71.4mm with
additional leasable area up to 69,529.28 sqm.
• On May 2013, the Company offered stock dividend (5:1) to
existing shareholders.
• The current paid-up capital is THB 612mm
2012 2013

6. WHA Alliance
(Registered and Paid-up
Capital THB 260mm)
99.9%
99.9% 15.0%
Group Structure
WHAPF
(NAV THB 10.62mm*)
(Market Cap THB 5,514.6mm*)
Warehouse Asia Alliance
(Registered and Paid-up
Capital THB 310mm)
WHA Corporation PCL.
(WHA)
(Registered and Paid-up Capital THB 612mm)
*Remark: As of July 25, 2013

7. Shareholding Information
7
Shareholding Information
Top 10 Shareholding Structure
Paid-Up
Capital
THB 612mm
Major shareholders
62.70 %
Other pre-IPO shareholders*
7.20%
Post-IPO Investors
30.10%
Shareholder
No. of Share
(After XD)
%
1) WHA Holding Co., Ltd. 153,010,000 25.10
2) Mrs. Jareeporn Anantaprayoon 117,857,940 19.26
3) Mr. Somyos Anantaprayoon 112,457,976 18.36
4) Mr. Sompong Chonkadeedumrongkul 50,064,000 8.18
5) Mr. Wutt Jarukornsakul 12,540,000 2.05
6) Ms. Thitirat Siripanchanon 12,000,000 1.96
7) Ms. Nalinrat Sae Aung 6,660,000 1.09
8) Mrs. Chaleow Srichaiwat 6,564,000 1.07
9) Mr. Jakrit Chaisanit 6,120,000 1.00
10) Mr. Surachai Thippanumchai 5,796,000 0.95
Share Overview
*Remark: As of July 19, 2013
*Remark: Include relatives and management directors
Ticker Reuter WHA.BK
Ticker Bloomberg WHA TB
Par Value (Bt) 1
Market Capitalization THB 34,272mm
Market Capitalization (USD) USD 1,101.21mm
Ranking in market capitalization 65
SETPROP % in SET 9.29%
Market cap % in Sector 2.87%
Average Daily Turnover THB154.2 mm
Average Daily Turnover USD4.9 mm
Share Issued (share) 611,998,983
12-Month High/ Low 62.75/13.25
Foreign Limit 49%
Free Float Approx. 30%
Dividend Policy ≥40% of Net profit
*Remark: Figures as of July 19 , 2013

8. Company’s Business Platform and
Strategies
8
To focus on Built-to-Suit
Developments to satisfy
specific customers’
requirement
To provide high-quality
logistics and warehouse/
distribution center/
factory to customer
To strategically grow
portfolio
Recycling capital to enhance
shareholder value
1
2
3
4
Providing Total Solutions across the Logistics
Value Chain
Delivery of Premium Product Quality
Growing size and scale of
domestic markets both ‘existing’
Build Scale and ‘new’ strategic locations
Embark on new markets to serve
customers
To optimize capital structure for financial
flexibility and shareholder value through
optimization of ROE

9.  Inquire all
requirements
in terms of
location,
specifications,
cost and
timing
 Transportation
and rental cost
optimization
 Traffic and
distance
management
 Humidity and
temperature
control system
 Special floor’s
loading
 Clear height
ceiling space
 Deliver as
designed and
promised (no
project delay,
no cost
overrun, and
meet project’s
specifications)
 Business
partner to co-
developing
extension
phase
 Understand
client’s
preference
 Flexible for
expansion
solution
Overall Project
Advisory
Requirement
Gathering
Location
Identification
Project
Design
Construction
Management
Long-term
Advisory and
After-sale
Service
Customer
Requirements
Customer
Satisfactions
WHA’s Total Solution
To establish long-term cooperative relationship with our customers
by providing high quality properties and services
Sample of
WHA
Service
9
1) To focus on the Buit-to-Suit Development to
satisfy customers’ requirement

10. 2) To provide high-quality logistics and warehouse/
distribution center/ factory to customer
10
Various Features of our High-Quality Warehouse and Distribution Center
Large Floor Area Clear Height High Load Tolerance Dock Leveler Wide Column Spacing
Burnished Floor
Finish
One Continuous
Metal Sheet Roof
Air Gap Roof
Insulation
Natural
Ventilation
Steel Pipe
Structure
10,000-70,000 sqm. 10-13 meters 3-5 tons/sqm.
Mirror floor finish Eliminate the
leakage on the roof
Lower inside
temperature
Maximize wind flow Less dust
accumulation
Increase usable areaHydraulic Dock Leveler

11. 3) To strategically grow portfolio
U-Tapao Airport
Bangkok Port
Laem Chabang Port
Map Ta phut Port
Bangna-Trad K.M.19
Bangna-Trad Km.18
Bangna-Trad Km.19
Lardkrabang
Chonburi
Bangna-Trad Km.20
Saraburi
Amata City
Bang pa-in
Wang-Noi K.M.61
Outer East Bangkok Zone
(Bangna-Trad Rd, K.M.18-23)
(Chonburi)
(Lardkrabang)
- Convenient access to the City Center of
Bangkok, Suvannabhumi Airport, and
Laemchabang Seaport
Industrial Estate Zone
(Hemaraj, Saraburi)
(Amata City, Rayong)
- Tax privileges from BOI
- Comfortable access to Suvannabhumi
Airport and Laemchabang Seaport
3
Outer North Bangkok Zone
(Bang Pa-in, Ayuthaya)
(Wangnoi, Ayuthaya)
- A logistic hub to North and Northeast
region of Thailand
Note: Portfolio as of 31 June 2013
Built-to-Suit project
Warehouse Farm project
WHAPFPort
Airport
Best Strategic Locations in Logistic Hubs Area
Bangna-Trad Km.23
2
1
11
Prachinburi
Bangna-Trad Km.18
Chonlaharnpichitl
Laemchabang

12. 12
3) To strategically grow portfolio
WHA has a
business plan to
develop logistics
center at the
strategic locations
to serve upcoming
AEC and our
customers
expansion…

13. Highly Stable
CF from
Investment
Utilize
Recurring
Income Stream
Well-balanced
Portfolio and
Capital
Structure
All Invested Assets
Generate Revenue
 100% Occupancy rate
track records
 To hold minimal non-
income generating assets
Strong Stability of
Rental Profit
 Secured L-T contract
with growth in rental
 Appx. 85% EBITDA
margin
 Low maintenance cost
Capital Structure
Optimization
 Asset-Optimization
Model
Optimization of return on equity (ROE) to shareholder through the asset monetization
program via PFPO/ REIT to optimize long-term capital structure and achieve return-
enhancing strategy
Rental Business
Developing Business
 Expedited growth of investment
 Earning from asset divestment
 Recurring income from dividend and asset
management fee
Complementary business model of property company with strong CF stability and PFPO/ REIT leads to
accelerated growth, high efficiency, and high margin business model capturing full value chain
4) Recycling capital to enhance shareholder
value
Capital Recycling
Model
Through PFPO/REIT
13

14. 14
Agenda

15. Key Events/ Latest Development
15
 Stock Dividend 2:1
Stock Dividend amounting to THB 0.55/share or THB 339.99mm, equivalent to 65%
Dividend Payout Ratio (Out of THB 522mm- Net profit (WHA Company only statement))
This was attributable to the gain from asset sales during Q1’2013.
Key Milestones can be set out below:
• Extraordinary Shareholder Meeting (EGM): August 27, 2013
• XM Date: September 5, 2013
• Payment Date: September 18, 2013
 Asset Acquisition (Normal Course of Business) – To be approved
New 11 Projects worth THB 9,743.60mm to THB 11,294.70mm for leasable area of 698,000 sqm.
 Asset Divestiture to WHAPF
6 Projects having approx. 172,800 sqm. will be sold to WHAPF, during Q4’ 2013 amounting to THB 4,400-4,700mm.
This will be recognized as asset sale during Q4’ 2013, totaling of THB 6.4-6.7 bn worth of Revenue From Asset Sale
this year.
 A- Company Rating by Fitch Ratings (Thailand)
THB-Bond up to THB 3,200mm will be issued within third quarter

16. Business Highlights – Q1FY2013
16
153,529
Sqm.
Additional
Pre-leased
Contract
New
Locations
 Occupancy Rate 100% and Retention Rate 100%
 Target Full-year Pre-leased 500,000 sqm. Versus original target
300,000 sqm.
Additional
Completed/
Leased
Contract
22,784
Sqm.
Total
Pre-Leased
Area
232,276
Sqm.
418,700
Sqm.
Additional
Land
Acquisition
Total
Leased
Area
209,689
Sqm.
Customers
 3 New
Customers
 2 Existing
Customers
 Chonlaharnpichit,
Bangna-Trad Km. 18
 Leamchabang
 Prachinburi
 Panthong, Chonburi

17. Impressive Track Record of Growth and 100%
Occupancy Rate
Note: The above CAGR is calculated based on actual occupied area in 2006 and actual occupied area in 2012. However, the total estimated area include land held
for future project as of the end of 2012 is expected to be 856,551 sq.m., additional 351,500 sq.m. represent land held for future development (115,000 sq.m. in
Lardkrabang, 55,000 sq.m. in Saraburi, 21,000 sq.m. in Chonburi, 54,000 sq.m. in Wang-noi, 91,500 sqm. In Bangna Trad and 15,000 sqm. In Kabinburi)
Growth PhaseIntroduction Phase
WHA Group is the market leader with proven track record of high growth
and impressive 100% occupancy rate
OR
100% 100% 100% 100% 100% 100% 100%
Total developed and occupied area (Own by WHA)
Area sold to WHAPF
Unit: Sqm.
2006 – 2010
 Originated the concept of Built-to-Suit warehouse
business model
 Develop one of the largest Built-to-Suit distribution
centers in Thailand
 Developed 3 world-class factories
 Set up WHAPF as a vehicle for supporting its growth
2011 - Present
 Introduced Warehouse Farm project
 Strengthen value capturing from asset monetization to
PFPO as continuous stream income and vehicle to
expedite growth
298,139
192,341169,433
141,619141,619
88,913
505,051
39,809
147,086
39,809
Key
Milestones
Developed/
Developing &
Occupied area
for 2006-
2013
17
357,965
100%
2006 20082007 201120102009 2012 1QFY2013
216,616
209,689
258,330
152,532
658,581
698,000
Land held for future development (To be approved)
73,081
Land held for developing (Pre-leased Contract)
159,195
Land held for future development (Pre-leased Contract)
170,000
Land held for future development
1,526,581
868,000

18. 18
Detailed Project Status
Project Name Location Area (sqm.) Revenue Recognition Period
(1) Completed and Leased Area (As of Q1 Y2013)
WHA Mega Logistics Center Bangna-Trad km.18 Bangna-Trad km.18, Samutprakarn 72,179.48 August 2011 – September 2012
WHA Mega Logistics Center Bangna-Trad km.19 Bangna-Trad km.19, Samutprakarn 58,891.86 September 2012 – January 2013
WHA Mega Logistics Center Bangna-Trad km.23 Bangna-Trad km.23, Samutprakarn 7,453 April 1, 2012
WHA Mega Logistics Center Wangnoi 61 Wangnoi km.61, Ayuttaya 15,331 Feb 1, 2013
WHA Logistics Center, Ladkrabang Phrase I Ladkrabang, BKK 18,155.97
October 1, 2011
WHA – DSGT Distribution Center Saraburi Phrase I Saraburi 28,278.04 September 1, 2012
WHA – Dena Amata City, Rayong 9,399.42 March 16, 2011
Total 209,689
(2) Pre- Leased Area (As of Q1 Y2013)
Land Held for Developing (Pre-Leased Contracts)
*WHA Mega Logistics Center Bangna-Trad km.19 Bangna-Trad km.19, Samutprakarn 12,603 Q2 Y2013
WHA Mega Logistics Center Bangna-Trad km.23 Bangna-Trad km.23, Samutprakarn 52,382 Q2 - Q3 Y2013
WHA Mega Logistics Center Ladkrabang Ladkrabang, BKK 12,114 Q3 Y2013
*WHA Mega Logistics Center Panthong, Chonburi Phrase I Panthong, Chonburi 32,293 Q3 Y2013
WHA Mega Logistics Center Saraburi Saraburi 15,879 Q4 Y2013
*WHA Inthanon Phrase II Bangna-Trad km.19, Samutprakarn 9,195 Q3 Y2013
*WHA - DSGT Distribution Center Saraburi Phrase II Saraburi 24,729 Q3 Y2013
WHA Mega Logistics Center Chonlaharnpichit km.5 Bangplee, Samutprakarn 34,133 Q4 Y2013
WHA Mega Logistics Center Wangnoi 61 Wangnoi, Ayuttaya 26,113 Q4 Y2013
*WHA – Ducati Phrase II Amata City, Rayong 12,835 Q4 Y2013
Total 232,276

19. 19
Project Name Location Area (Sqm.)
(3) Land held for future development (To be approved) (As of Q1 Y2013)
WHA Logistics Center, Ladkrabang Ph2 Ladkrabang, Bangkok 17,000
WHA Mega Logistics Center Ladkrabang Ladkrabang, Bangkok 66,000
WHA Mega Logistics Center Cholaharnpichit km.6 Bangplee, Samutprakarn 65,000
WHA Mega Logistics Center Cholaharnpichit km.4 Bangplee, Samutprakarn 70,000
WHA Suratthani Poonpin, Suratthani 50,000
WHA Logistics Kabinburi DC. Kabinburi, Prachinburi 16,500
WHA Mega Logistics Center Cholaharnpichit km.5 Bangplee, Samutprakarn 40,500
WHA Mega Logistics Center Leamchabang Sriracha, Chonburi 49,000
WHA Khon Kaen Muang, Khon Kaen 35,000
WHA Mega Panthong Panthong, Chonburi 119,000
Bangna Bangplee, Samutprakarn 170,000
Total 698,000
(4) Land held for future development (As of Q1 Y2013)
WHA Suratthani Poonpin, Suratthani 110,000
Lumpoon Lumpoon 60,000
Total 170,000
Detailed Project Status

20. Updated Project Status
20
WHA 2011A 2012A Q1’2013A
Completed/ Leasable Area 196,215 256,434 209,689
Pre-Leased/ Developing (Backlog) 62,115 101,531 232,276
Land Held for Future Development 868,000
Total Area (Completed + Pre-Leased) 258,330 357,965 441,965
Total Area (Total Area) 1,309,965
Additional Pre-Leased Area (During the Period) 206,912 153,529
WHAPF 2011A 2012A Q1’2013A
Leasable Area- Beginning 39,809 39,809 147,086
Additional Injection - 107,277 69,530
Leasable Area- Ending 39,809 147,086 216,616
Total WHA+WHAPF (Completed + Pre-Leased) 298,139 505,051 658,581
Total WHA + WHAPF (Total Area) 1,526,581
Ending Period (sqm.)
From 2014 onwards, due to substantial growth in y-o-y leasable area (Completed and Backlog area), the recurring income
portion consisting of rental revenue, coupled with others recurring income i.e. PM Fee and Dividend Received from WHAPF, is
likely to be doubled from 2013 level and should almost reach 50:50 (Recurring Income: Non-Recurring Income i.e. Gain from
Asset Sales)
2013E
373,000
252,000
690,000
500,000
2013E
216,616
172,800
389,479
1,079,479

21. WHA Group’s tenants are mainly the reputable MNCs
Remark: The information, shown in charts above, are calculated from leasable area (sqm.)
Well-Known Tenant Profile
27%
35%
38%
Expiry Profile
(WHA Group)
1-3 Y
3-5 Y
5-10 Y
> 10 Y
19%
26%
36%
19%
Expiry Profile
(Overall)
1-3 Y
3-5 Y
5-10 Y
> 10 Y
Note: Portfolio as of March 31, 2013
*
*FMCG means Fast Moving Consumer Goods **3PLs means Third Party Logistics
21

22. 22
Agenda

23. Recap: WHA’s pre-IPO shares acquisition in WAA
and implication to monetization into WHAPF
23
Sept ’ 11 Dec’11 Nov’12 Jan’13
Event
Impact
• In accordance with TFRS 3 (Business Combination), WHA was required to upwardly adjust the investment property to be fair market value at acquisition date (on
Sept’11and Dec’11). Hence, there will be no accounting gain in WHA’s consolidated basis when WAA’s asset was divested in Jan’13.
• However, the cashflow gain is still retained and no impact on WHA’s dividend payment and DCF valuation.
WHA’s 74% shares
acquisition in WAA by cash
(Business combination)
FMV Bt 731.3 mm
vs.
Cash consideration Bt 408.9 mm
FMV (Asset) Bt 1,642 mm
Debt Bt 654 mm
FMV (Equity 100%) Bt 988 mm
(P/L)
Gain Bt 322.4 mm
(B/S)
Investment
property Bt 1,615.0 mm
WHA’s step-up acquisition
(Non controlling interest)
26% in WAA
(P/L)
No impact Bt - mm
(B/S)
IPO of WHA’s shares and
listed in SET
Monetization of Healthcare
53,000 sqm. is Bt 1,615
mm
Consolidated (P/L)
Gain (Loss) Bt (72) mm
(B/S)
Gain on Company
only (WAA) P/ L Bt 372 mm
Noted
• WHA: WHA Corporation PCL
• WAA: Warehouse Asia Alliance Co., Ltd.
 Asset
(Investment in subsidiaries)
Bt 259.1 mm
 Equity
(Paid-up capital)
Bt 158.0 mm
(Premium from acquisition
non-controlling
interests) Bt 101.1 mm

24. Impact on WHA
24
WAA’s Financial Performance arising from Asset Sales
Sale value BV SBT+
Transaction
cost+ VAT
Gross profit Corporate
income tax
Net profit
Bt 1,615 mm
Bt 964.4 mm
Bt 81.4 mm
Bt 537.4 mm
Bt 120 mm
Bt 372 mm
1QFY2013 WHA’S FS
(Consolidation)
Net profit
for 1QFY2013 (Bt mm)
Consolidated
Financial Statement
121.91
Company Only
Financial Statement
522
Explanation
Net profit from company only statement was mainly
derived from dividend income Bt 350 mm from WAA
which resulted from gain from asset sales (Healthcare)
amounting to Bt 372 mm
Write off
AR
Bt 77.2 mm
GPM 36%

25. Unit : THB mm FY2010
FY2011
(Consolidation)
FY2012
(Consolidation)
1QFY2013
Rental and service income 43.1 220.9 359.9 96.4
Asset Sale - - 1,808.9 2,046.5
Gain from asset sale 126.4 - - -
Dividend from WHAPF &
property management fee
0.1 12.8 38.4 16.4
Other income 0.2 6.5 6.3 5.2
Total Normalized Revenues* 169.8 240.2 2,213.5 2,164.5
Gain from acquisition of
subsidiaries
- 350.1 - -
Total Revenues 169.8 590.3 2,213.5 2,164.5
Revenue Structure
Note: : *Exclude the gain from acquisition of subsidiaries amount of
THB350.1 mm in FY2011.
** In FY2012 and FY2013, the Company recognized revenue from asset sale as
its normal operating business instead of recording the gain from
asset sale in 2010.
Rental & Service Revenue & GPM Leasable Area Growth
Asset Sales Business Revenue & GPM WHAPF – Fund Size & Leasable Area
Property Management Fee Dividend Received - WHAPF
14%
25

26. Profitability Ratio
EBITDA, Net Profit and Margins
26
191.2
506.9
77.6
213.3
79.6%
22.9%
32.3%
9.6%
-100.0%
-80.0%
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2011* 2012
EBITDA with sales Net profit
EBITDA Margin with sales Net profit margin
-
50.0
100.0
150.0
200.0
250.0
300.0
FY Q1 2012 FY Q1 2013
10%
0%
5%
8.7%
5.6%
13.5%
9.8%
-10%
-5%
-15%
15%
257.7
166.2
211.9
121.9
Remark:
The EBITDA with sales and Net profit of FY Q1 2013 do not reflect genuine EBITDA Margin from Asset Sale.
The figure should be adjusted by an increase of THB 444mm.

27. Assets and Capital Structure
Assets Composition Capital Structure
27
Debt Profile Financial Cost Target
 Target: Long-term bond up to
THB 3,200mm
- To refinance long-term
loan
- For business expansion
0
1
2
3
4
5
6
7
0
20
40
60
80
100
120
140
160
2011 2012 Q1/2013
Financial cost Interest rate
THB mm
6.5%
5.3%
5.5%
%

28. 28
Agenda
28

29. Balance Sheet
29
WHA Corporation Public Company Limited
Statement of Financial Position
As at 31 March 2013
FY2012 1QFY2013 %
MB MB Change
Current assets
Cash and cash equivalents 1,095 581 -47%
Advance for construction and deposit 135 114 -16%
Non-current asset held-for-sale 2,200 1,482 -33%
Total Current assets 3,431 2,177 -37%
Non-current asset
Investment available-for-sale 653 937 44%
Investment properties (net) 4,102 3,936 -4%
Other non-current assets (net) 112 164 47%
Total Non-current assets 4,867 5,038 4%
Total Assets 8,298 7,215 -13%
Current liabilities 2,386 2,655 11%
Non-current liabilities 2,870 1,576 -45%
Total liabilities 5,256 4,232 -19%
Total Shareholders' equity 3,042 2,984 -2%

30. Income Statement
30
WHA Corporation Public Company Limited
Statements of Comprehensive income
For the Quarter ended 31 March 2013
Consolidated
1QFY2012 4QFY2012 1QFY2013 % %
MB MB MB QoQ YoY
Rental and services income 85 118 96 -18% 13%
Income from sale of investment
properties
1,809 - 2,046 100% 13%
Dividends 3 10 14 47% 368%
Other income 3 4 7 74% 165%
Total Income 1,900 132 2,164 1539% 14%
Cost of rental and service 24 42 40 -4% 63%
Cost of investment properties 1,617 - 1,923 100% 19%
Total Cost 1,642 42 1,963 4628% 20%
Operating profit 258 91 181 100% -30%
Net profit 164 24 122 401% -26%

31. Mr. Arttavit Chalermsaphayakorn
Chief Financial Officer and
Executive Director
Mr. Jakrit Chaisanit
Director, Head of Construction Management
division
Dr. Somyos Anantaprayoon
Chief Executive Officer
 A Director since incorporation
 Group’s CEO who originated the
idea of world-class standard Built-
to-Suit Warehouse and DC
Mrs. Jareeporn Anantaprayoon
Managing Director
 A Director since incorporation
 Assist the CEO in business strategy
development
 Responsible for Group’s sales and
marketing
Management Team
31
Mr. Narong Kritchanchai
Director Director
Mr. Somsak Boonchoyruengchai
Director, Head of Accounting
division
Mr. Chakkaphob Nuangchamnong
Director, Head of Business Development

32. 32
1121 Moo.3 Theparak Rd., Theparak, A. Muang, Samutprakarn 10270 Thailand
Tel. +66 (0) 2 753 3750
Fax. +66 (0) 2 753 2750
e-mail: info@wha.co.th Website: www.wha.co.th
WHA Corporation PCL.