NTSC set the IPO price at 26.25 baht per share, open for subscription from 1-3 February.

Monday, January 30, 2023

Nutrition SC Plc.NTSC) knock on sale price IPO at 26.25 baht per share, ready for investors to subscribe on February 1-3, confident of good feedback. of strong business fundamentals In a growing industry, NTSC, behind the precious deliciousness of human-animal food Ready to bring money to raise money to unlock the potential for unlimited growth, trading flag on May on February 9.

January 30, 2023 – Nutrition SC Public Company Limited or NTSC is offered for the initial public offering (IPO) of 25,000,000 shares or 25% of the issued shares All capital issued and paid up by the Company On following this capital increase share offering, KGI Securities (Thailand) Public Company Limited has been appointed as underwriter and underwriter. willing to appoint Finansia Syrus Securities Public Company Limited, Krungthai Xspring Securities Company Limited, Yuanta Securities (Thailand) Company Limited and Trinity Securities Company Limited are underwriters and joint underwriters for the sale of additional ordinary shares.

Miss Suwimol Srisophachit Assistant Managing Director of KGI Securities (Thailand) Public Company Limited as financial advisor And underwriters and underwriters revealed that Nutrition SC Public Company Limited (NTSC) has set the IPO price of 26.25 baht per share and will be open for investors to subscribe on 1 – February 3 .and is expected to be listed on the Market for Alternative Investments (May) on February 9, 2023 in the agribusiness and food industry sector.

Regarding the price of ordinary shares offered for sale, 26.25 baht per share is considered to be an appropriate price level. The price-to-earnings (P/E) ratio is about 22 times by calculating earnings per share based on the performance of the last 4 quarters (between October 1, 2021 and September 30, 2022) P/E of similar amounts in the The Stock Exchange of Thailand and the Market for Alternative Investments (may) during the 30 and 180 business day period from April 18, 2022 to January 12, 2023 for comparison purposes.

However, NTSC is prepared to continue organizing a road show. Presenting a summary of IPO shares to retail investors Raising the strong fundamentals of the business And the strength of NTSC is a leading company in the business of food additives and large animal feed in Thailand. With over 4 decades of experience and expertise, we have the knowledge and experience in science and technology. Focus on developing products certified with international standards. it has an innovation center and a research and development (R&D) team with expertise and experience in food, as well as the ability to supply products in quantities that meet customer needs. and a good distribution of customer portfolios not relying on any particular group of customers The company’s 20 largest customers accounted for approximately 34% of sales, while its largest customers accounted for approximately 4% of sales. In the past, NTSC has seen steady growth. and good profitability

Dr Patch Eakpanyasakul The CEO of Nutrition SC Public Company Limited or NTSC said that this IPO will bring the proceeds from the fundraising in the amount of approximately 628.2 million baht (after deducting applicable expenses) to be used on for investing in future projects, for example, investing in a project to produce appetite stimulants in pets (Palatability Improvement Project) worth 4.9 million baht, a project to invest in machinery for the production of OEM products and food preparation products worth 12.3 million baht, including use for repayment of debts from financial institutions 400 million baht and for working capital in business operations • Business 211 million baht, increase competitiveness to grow and leap forward in the future

and confident after raising money this time supporting NTSC’s capital base to become even stronger Be ready to expand to new opportunities. in the food industry value chain is comprehensive and has good future growth prospects As the food and drink business is the primary factor that consumers pay attention to, while the food additives business, raw materials and additives food is difficult to disrupt and tends to grow according to the change in consumer behavior of plants (Plant-based Food) or food and drinks that meet health needs In addition, NTSC is ready to enter the pet food market further. Because such markets have
High growth and Thailand among the top 5 exporters of pet food products in the global market. This has a positive impact on the future performance of the group of companies.

In terms of NTSC performance over the last 3 years (2019 – 2021), there is a good growth trend.
Sales revenue was 852.3 million baht, 997.1 million baht and 1,037.9 million baht, net profit was 92.7 million baht, 90.6 million baht and 98.8 million baht, respectively, from the increase in revenue from customers in the food and food industry animals.

For the first 9 months of 2022, the company had sales revenue of 796.4 million baht, an increase of 2.3% from the same period last year. Mainly due to the expansion of animal feed additives with revenue increasing by 36.8% as in 2022 the Group focuses more on marketing to customers in the pet food and economic animal industry. and had a net profit of 62.8 million baht, with the income structure of the group of companies including import income Production and distribution of raw materials, additives and human food additives accounting for the main share, about 90%. The revenue from raw materials, additives and additives in animal feed About 10% of revenue

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