- Malee Group Public Company Limited held an Opportunity Day on February 28, 2017 to present its Q4/2016 performance and business outlook. - In Q4/2016, sales declined 2% YoY due to slower domestic consumption, while net profit grew 11% YoY through efficiency enhancements and cost reductions. For full-year 2016, sales increased 21% YoY to a record high on growth in both brands and contract manufacturing, while net profit increased 60% YoY. - Looking forward, the company aims to further develop its brand portfolio and expand exports and contract manufacturing. It also established a new subsidiary, Malee Applied Sciences, to focus on innovation and new product development.

1. Malee Group Public Company Limited
Q4/2016 Opportunity Day
28 February 2017

2. Malee Group Public Company Limited
Q4/2016 Opportunity Day
28 February 2017

3. Disclaimers
2
The information contained herein is intended to represent the Company’s operating
and financial position at a given point in time and may also contain forward looking
information which only reflects expectations based on the prevailing geo-political,
economic and non-controllable factors. Such information has been obtained from
sources believed to be most reliable and the means in analyzing and preparation of
such information for disclosure are based on approve practices and principles in the
investment industry. The views are based on assumption subject to various risks and
uncertainties and no assurance is made as to whether such future events will occur.
No assurance is made as to the accuracy or completeness of information presented
in this document.

4. Agenda
3
• Company Overview
• Business Update
• Results of Operations and Profitability
• Forward Looking

5. 100% 49%49%100%
Stock Symbol: MALEE
Industry and Sector: Agro & Food Industry / Food and
Beverage
No. of Listed Shares: 140,000,000 Shares
Registered Capital: THB 140,000,000
Paid-up Capital: THB 140,000,000
Par Value: THB 1 per Share
Listing Date: 13 March 1992
Foreign Limit: 49% (available 45.11%)
Dividend Policy: Not less than 50% of the net profit from
normal operation according to
consolidated financial statement after
deduction of tax revenue and legal reserve
(with additional conditions)
Market Capitalization: 13,580MB or 388MUSD
Free Float: 47.77%
Group Structure
4
Group Structure
Malee Group Pcl.
“Manufacturing and Exporting”
Malee Enterprise
Co., Ltd. (MEC)
“Domestic Sale and
Marketing”
Share Information (As of 27 February 2017)
Abico
Holdings
Pcl
26.8%
Kamolchat
Jeungrung
reungkit
18.7%
Thai NVDR
7.9%
Others
46.6%
A leading manufacturer and distributor of
canned fruits, fruit juices, and beverages in
Thailand
100%
70%
Shareholding Structure (As of 26 August 2016)
Agri Sol Co., Ltd.
(AGR)
“Dormant”
Malee Harvest Co., Ltd.
(MHC)
“Agro Business”
Monde Malee Beverage
Corp. (MMBC)
“Beverage Business in
Philippines”
Mega Malee Co., Ltd.
(MMC)
“Natural Health Drinks”
Lanchang Farm Co.,
Ltd. (LCF)
“Hydroponic Farm”
JV
Subsidiary
Malee Applied Sciences
Co., Ltd. (MAS)
“Innovation Research &
Development”
100%

6. Milestones
5
20131978
1981
1992
On 26 September 1996, MALEE increased its
capital from 250MB to 500MB.
1995
On 9 April 2013, MALEE decreased its
registered capital to 182MB, with paid-up
capital of 140MB.
2014
2016
On 2 February 1978, Malee Sampran Factory
Co., Ltd. was established with capital of 10MB
as a manufacturer and distributor of canned
food and canned fruits.
On 3 March 1992, MALEE was listed on the
Stock Exchange of Thailand (SET).
1998
1996
MALEE decreased its registered capital to
140MB, with paid-up capital of 140MB.
The Company expanded its production
base on the land of 30 rais in Sampran
District, Nakhon Pathom Province.
In April 1995, Abico Holdings Pcl
acquired 40% or 10 million shares of
250MB from the existing shareholders.
On 15 May 1998, the Company’s name was
changed to Malee Sampran Pcl.
On 9 Dec 1998, MALEE increased its capital to
999.99MB, with paid-up capital of 700MB.
2017
On 12 January 2017, the Company set up a new subsidiary named
Malee Applied Sciences Co., Ltd. (MAS) to provide innovation
research and development for value added products and services.
On 12 May 2016, the Company’s name was changed
to Malee Group Pcl.
In Q1/2016, MALEE, together with Monde Nissin
Corporation (MNC) set up a joint venture company
in the Philippines named Monde Malee Beverage
Corporation (MMBC) and launched KRATOS RTD
Coffee as the first product.
On 22 August 2016, the Company signed a joint
venture agreement with Mega Lifesciences Pcl to
develop natural health-focused RTD products.

7. 1,302
1,600 1,682 1,537
1,931 2,140
2,357
2,615 2,706
2,822
2,964
2,797 2,405 2,021
1,546 898
1,510
1,737
1,603
2,065
2,567
3,5782,062
869
25 (93) (295)
131 106 228
646
283 307 331 530
-1,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Unit: Baht Million
CMG Brand Net Profit
10-Yr Historical Performance
6
Flood
Impact
2016:
Historical
Highest
Sales
CMG: Contract Manufacturing
• Prior to 2009, major contribution of CMG was
from canned fruits.
• Discontinued the canned pineapple production in
2009 and canned sweet corn in 2013.

8. Malee Brand Portfolio
7
Daily Nutrition
Functionality Tactical
Malee 100%
Juice UHT
Malee 100%
Juice
Pasteurize
Malee
Coco
Malee
Nutrients
Malee
i-Corn
Malee
Healti
Plus
Malee Food
Service
Malee
Tropical
Malee
Canned
Fruit
OTHERS
Canned Fruit
Diary Product
Other Beverages
First Choice Farmer
Chokchai Farm
UHT Pasteurize
Canned
Sweetened
Condensed Non
Dairy Creamer
TurBusta Maxx
Malee
Light
Malee
Probiotics

9. Agenda
8
• Company Overview
• Business Update
• Results of Operations and Profitability
• Forward Looking

10. Premium Market
(100% RTD Fruit
Juice)
5,195MB
37%
Medium Market
(40-99%% RTD
Fruit Juice)
1,252MB
(+2% YoY)
Economy Market
(20-39% RTD
Fruit Juice)
3,097MB
(-7% YoY)
Super Economy
Market (<19%
RTD Fruit Juice)
2,385MB
(+13% YoY)
Others
2,055MB
15%
(+7% YoY)
(-13% YoY)
Domestic RTD Fruit Juice
Market
9
Source: Neilson
MAT Dec 2016 Market Value of 13,982 MB, Growth of 1% YoY

11. Premium Juice UHT Market
Share
10
MAT Dec 2016 Market Value of 4,802 MB, Growth of 9% YoY
Tipco
28%
Malee
21%
Unif
13%
Doikham
20%
UFC
1% Cocomax
9%
Others
8%
Tipco
33%
Malee
22%
Unif
15%
Doikham
18%
UFC
1%
Cocomax
5% Others
6%
MAT Dec 2015 MAT Dec 2016
Note: Including Coconut Water
Source: Neilson

12. 52%
55% 56%
48% 47% 46%
42%
47%48% 45% 44%
52% 53% 54%
58%
53%
25%
30%
35%
40%
45%
50%
55%
60%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Brand CMG
Sales Structure
11
CMG: Contract Manufacturing
Domestic : Export Brand : CMG
 2016 Domestic sales growth was 3% YoY.
 2016 Export sales growth was 67% YoY.
 2016 Brand sales growth was 5% YoY.
 2016 CMG sales growth was 39% YoY.
79%
71% 69% 68% 66% 63%
57% 58%
21%
29% 31% 32% 34% 37% 43% 42%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Domestic Export

13. Malee Applied Sciences
– New Subsidiary
12
 Malee Applied Sciences Co., Ltd.
(MAS), wholly owned by MALEE was
set up on 12 January 2017.
 Initial capital investment is Baht 10
million.
 MAS will enhance the Company’s
capability in innovation research and
development for value added products
and services.
 MAS also hopes to support farmers’
income with its value added by-
products.

14. Agenda
13
• Company Overview
• Business Update
• Results of Operations and Profitability
• Forward Looking

15.  Q4/2016 Net profit growth was attained by the
Company’s strategy and internal management
for efficiency enhancement and cost reduction
 2016 Net profit growth was marked by
improved sales revenue while costs were well
managed including production cost, selling
expenses, and finance costs.
 2016 Net profit achieved the second highest
profit since 2012, the year in which the
Company benefited from the great flood in
2011.
 Loss recognized of 40MB from MMBC in
Q4/2016 was foreseen and according to plan
of the Company that there was high spending
at the beginning as we launched more new
products into the market.
1,542 1,507
5,389
6,541
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Q4/15 Q4/16 2015 2016
-2%
YoY
+21%
YoY
Financial Highlights
14
 Q4/2016 Sales growth dropped YoY due to
slower domestic consumption.
 2016 Sales growth was supported by sales
increase both in Brand and CMG, both of
which rose domestically and internationally.
 In 2016, the Company achieved its highest
record of annual sales since establishment in
1978.
1,276 1,252 1,319 1,542 1,533 1,741 1,760
1,507
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Q1/15 Q2/15Q3/15Q4/15 Q1/16Q2/16 Q3/16Q4/16
Sales Revenue
Unit: Million Baht
85 82
58
105 110
143
161
117
0
50
100
150
200
250
300
Q1/15Q2/15Q3/15Q4/15Q1/16Q2/16Q3/16Q4/16
Net Profit
Unit: Million Baht
105 117
331
530
0
100
200
300
400
500
600
Q4/15 Q4/16 2015 2016
+11%
YoY
+60%
YoY
Remark: Sales reclassified from net sales of trade rebates

16. Profitability Margin
15
 Q4/2016 %GPM improved YoY due
to enhanced production efficiency.
 2016 %GPM increased as a result of
reduced cost of production per unit in
relation to higher utilization rate as
well as improved cost management.
 Improved %selling expenses to sales
was supported by the group’s cost
control policy and increased sales
ratio of CMG.
 Q4/2016 %NPM improved YoY due to
efficiency enhancement and cost
reduction, despite sales drop YoY.
 2016 %NPM increased from
improved sales revenue while costs
were well managed including
production cost, selling expenses,
and finance costs.
30.9% 32.3% 33.1% 29.7% 29.9% 32.2% 34.0% 32.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
%Gross Profit Margin
29.7% 32.2% 31.4% 32.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Q4/15 Q4/16 2015 2016
17.1% 17.1% 20.3%
15.4% 14.6% 13.8% 16.2% 12.9%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
%Selling Expenses /Sales
15.4% 12.9%
17.4% 14.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Q4/15 Q4/16 2015 2016
6.5% 6.5%
4.4%
6.8% 7.1% 8.1% 9.1%
7.8%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
%Net Profit Margin
6.8% 7.8%
6.1%
8.1%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
Q4/15 Q4/16 2015 2016
Remark: Trade rebates reclassified from selling expenses to net sales
Remark: Shut down expense and damaged goods reclassified from administrative expenses to cost of sales

17. 2,944 2,843 2,977 3,042 3,070 3,213 3,406 3,640
0.0%
50000.0%
100000.0%
150000.0%
200000.0%
250000.0%
300000.0%
350000.0%
400000.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Total Assets
Statement of Financial Position
16
 Increased assets from the end of last
year were mainly resulted from
additional investment in machinery as
well as higher inventories .
 Increased liabilities from the end of last
year were due to higher short-term loans
for investment in machinery and
liabilities under financial lease.
 Increased equity of parent Company's
shareholders was contributed by
operating profit during the year.
Unit: Million Baht
1,814 1,685 1,831 1,788 1,705 1,804 1,944 2,061
0.0%
50000.0%
100000.0%
150000.0%
200000.0%
250000.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Total Liabilities
Unit: Million Baht
1,126 1,156 1,144 1,250 1,359 1,403 1,458 1,575
0.0%
20000.0%
40000.0%
60000.0%
80000.0%
100000.0%
120000.0%
140000.0%
160000.0%
180000.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Equity
Unit: Million Baht

18. Liquidity
17
 Reduced current ratio YoY was mainly due to
lower trade receivables, higher short-term
loans, and higher liabilities under financial
lease, while higher inventories resulted in
decreased quick ratio.
 Improved cash cycle days YoY was due to
shortened collection days and inventory days,
in spite of reduced payment days.
 Higher IBD/E from the end of 2015 was due
to higher short-tem loans from financial
institutions and increased liabilities under
financial lease agreements.
 Lower D/E ratio was resulted from reduced
trade payables while the Company’s retained
earnings increased following incurring profits.
1.06 1.07 1.06 1.13 1.19 1.19 1.11
0.95
0.58 0.55 0.53
0.66 0.70 0.67 0.59 0.50
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
110.0%
120.0%
130.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Current Ratio (x) Quick Ratio (x)
0.83 0.74 0.87 0.68
0.51 0.50 0.59 0.75
1.61 1.46 1.60
1.43
1.25 1.29 1.33 1.31
0.0%
50.0%
100.0%
150.0%
200.0%
250.0%
300.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
IBD/E (x) D/E (x)
80 84 95 90 78 74 78 77
0.0%
2000.0%
4000.0%
6000.0%
8000.0%
10000.0%
12000.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Cash Cycle Days

19. 15.0% 15.1% 13.7% 14.8% 15.7%
19.2% 21.8% 20.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
ROA
Return to Shareholders
18
 Improved ROA and ROE YoY was supported by a
substantial increase of net profit.
 The Company has continuously paid dividend to its
shareholders twice a year since 2012 operation
period.
 The Company has a policy to pay dividend not less
than 50% of the net profit from normal operation
according to consolidated financial statement after
deduction of tax revenue and legal reserve (with
additional conditions).
Remark: Annualized
28.0% 27.8% 27.3% 29.3% 28.6% 32.5%
39.9% 37.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
ROE
Remark: Annualized
1.50
1.05 1.11 1.20
1.90
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%
200.0%
2012* 2013 2014 2015 2016
Dividend per Share
Remark: *Adjusted at par value of 1.00 Baht
Unit: Baht

20. Agenda
19
• Company Overview
• Business Update
• Results of Operations and Profitability
• Forward Looking

21. 2017 Looking Ahead
20
Domestic Brand:
Renovations/
Portfolio
Management
CMG:
Diversification
International
Business:
Strategic Expansion

22. Added to MSCI Global Small Cap Indexes
Effective as of the close of 30 November 2016
Share Endorsements
21
Partn
er
“Very Good” Level of CG Scoring

23. For more information, please visit our website: http://www.malee.co.th
or contact: ir@malee.co.th. Tel: +66 64 301 7978