Strictly Confidential

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Strictly Confidential
Siam City Bank Public Company Limited
Investor Presentation October - November 2003
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Important Notice

• This presentation contains public information,
  which has been provided by Financial Institutions
  Development Fund(FIDF) and Siam City Bank
  Public Company Limited (SCIB or the Bank) for
  the purpose of the sale of common shares and
  covered warrants (collectively Securities
  Package). TISCO Securities Co., Ltd. (TISCO),
  Kim Eng Securities (Thailand) Plc. (Kim Eng)
  and Finansa Securities Ltd. (Finansa)
  reproduced this presentation for the purpose of
  investor presentation.
• This presentation provides a brief summary of
  Securities Package, including terms conditions
  and is not intended to provide the basis of any
  investment decision nor the substitution of your
  analysis and investigation. Investors are advised
  to make their own decisions and should not
  consider as recommendations to any recipient of
  this presentation in relation to the Securities
  Package.
• Whilst all reasonable care has been taken to
  ensure that all information contained in this
  presentation is accurate, neither TISCO, Kim Eng,
  Finansa nor their respective officers, employees,
  related bodies, and advisers make any
  representation or warranty as to the accuracy or
  completeness of this presentation or shall have
  any liability or responsibility (whether arising
  from negligence or otherwise) for any
  representations (expressed or implied) contained
  in, or for any omissions from, this presentation
  or any written or oral communications transmitted
  to the Bank in relation to this presentation.

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Siam City Bank Public Company Limited
1. Overview 2. Competitive Strengths 3.
Strategy 4. Overview of Assets and Liabilities 5.
Profitability 6. Transaction Summary
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SCIB Background

• Capital restructuring process through capital
  reductions and capital injections by FIDF
• SCIB share trading was suspended due to the
  inability to meet SETs requirements regarding
  par value and minority share distribution
• SCIB established SCIB Asset Management
  Corporation (SCIB AMC)
• SCIB sold SCIB AMC to FIDF and changed its name
  to Phetchaburi Asset Management Corporation
  (PAM)
• SCIB transferred its NPLs to PAM in exchange for
  FIDF-guaranteed AMC Notes
• Bangkok Metropolitan Bank Plc. (BMB)
  transferred its assets and liabilities to SCIB
  which allowed SCIB to become the fifth largest
  bank in Thailand
• Installed a new professional management team and
  undergo streamlining and restructuring of its
  operations
• Implemented risk management committee policy
• Integration process between SCIB and BMB has been
  completed and the Core Banking System has been
  implemented

1998
2000
2001
2002
2003
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Group Structure
Siam City Bank
(1)
Max Life Assurance Co., Ltd. (100.00)
SCIB Service Co., Ltd. (99.40)
Siam City Insurance Co., Ltd.(2) (25.50)
Siam City Securities Co., Ltd. (99.77)
In the process of setting up Mutual Fund
with SEC
(2)
Note (1) As of June 30, 2003 (2)
Shareholding in Siam City Insurance Co., Ltd.
changed to 35.50 on July 17, 2003
Build Transparent and Strategic Business
Structure
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Shareholding Structure
Pre-Public Offering
Post-Public Offering
Post-Exercise of Warrant
Exercise of 740 million units of warrant
Status Quo
Public Offering of 370 million shares
Paid-up Capital Baht 21,128.11 million (2,112.81
million shares _at_ Par Baht 10)
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Siam City Bank Public Company Limited
1. Overview 2. Competitive Strengths 3.
Strategy 4. Overview of Assets and Liabilities 5.
Profitability 6. Transaction Summary
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Solid Capital Base to Support Loan Growth and
Dividend Payment
Tier 1 Capital
Source Audited financial statements, as of June
30, 2003
SCIBs Tier 1 Capital Adequacy Ratio 11.50
(Based on unreviewed financial statements as of
Sep 30, 2003)
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Clean Bank with Lowest NPLs
NPLs
Note Proportion of NPLs to Total Loans before
provision for bad debts excluding accrued
interest receivable Source Audited financial
statements submitted to SET, as of June 30, 2003
SCIBs NPL 2.65 (Based on unreviewed financial
statements as of Sep 30, 2003)
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Sufficient Provisioning
Provision(1) / NPLs
838.2
Source Audited financial statements submitted to
SET, as of June 30, 2003 Note Provision
includes required provision for loan loss and
reserve for TDR loss
SCIBs Provision/NPL 143.88 (Based on
unreviewed financial statements as of Sep 30,
2003)
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Nation-Wide Branch Network
Domestic Branches and Sub-Branches
Branches
Note Branches including headquarters Source BOT
as of June 30, 2003

• Medium-sized bank with the total domestic
  branches of 363 and 1 international branch which
  cover high growth area in Thailand
• Broad network of 509 ATMs nationwide
• Adapt branch model to fit business volume in each
  area

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Siam City Bank Public Company Limited
1. Overview 2. Competitive Strengths 3.
Strategy 4. Overview of Assets and Liabilities 5.
Profitability 6. Transaction Summary
13
Strategy Overview
Strengthen Corporate Governance
Broaden Customer Base
Improve Quality Efficiency of Workforce
Increase Products Services
Universal Services Financial Institution
Develop Improve IT and Core Banking
Develop Efficient Sales Channel
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Broaden Customer Base
Number of Accounts By Size (June 30, 2003)
Loan Amount By Size (June 30, 2003)
Baht Million
No. of Accounts
93,573
Loan Size (Baht Million)
Loan Size (Baht Million)
Note Loans excluding AMC Notes Baht 169,832
million Source Company financial statements
Note Loans excluding AMC Notes Baht 169,832
million Source Company financial statements
Strategy
Goal

• Broader base of profitable customers
• Better diversification of customer group
• Increase loan portfolio

• Expand customer base to medium- and small-sized
  customers
• Proactive marketing through its 363 branches
  nationwide
• Differentiate product with high personal touch
  services

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Increase Products and Services
Broaden Product Range to Meet Customers Needs
International Business
Capital Market Service
Insurance
Retail and Corporate Banking
Foreign Currency Deposit
Registrar Service
Life Insurance
Credit Card
Trustee
Deposit
Fund Transfer
Unit Trust Selling Agent
Consumer Loan
Corporate Loan
Bancassurance
Escrow Agent
Import Export Service
Mutual Fund
Payment Service
Foreign Exchange Service
Brokerage Investment Banking
Electronic Banking
Become a Universal Bank Providing Vast Product
Range
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Develop Efficient Sales Channels
Develop and Increase Low-cost Sales Channels
Sale Channel
Branch Model
Appropriate Branch Model

• Increase business transaction through low-cost
  channel
• ATM
• Phone Banking
• Internet Banking

Full-option Branch
Micro Branch
Kiosk Branch

• 122 branches have been upgraded and the rest 241
  branches will be finished in 2004

These sales channels will not only support
business expansion to retail clients but will
also increase fee income and minimize cost for
SCIB
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Strengthen Corporate Governance and Risk
Management
Establish good corporate governance policy
Focus on professional management with good
governance
Form risk management committee and audit committee
Implement high standard risk management measures
Conduct business by conforming with good
corporate governance
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Improve Quality and Efficiency of Workforce
Income(1)/Employee Expenses
Cost(1)/ Income(2)
Note (1) Consolidated operating costs
(including FIDF contribution, taxes and duties,
and impairment on assets) (2) Net interest
income and non-interest income (3) Top 4 banks
include BBL, KTB, KBANK, SCB Medium 3 banks
include SCIB, BAY, TMB Small 6 banks include
BOA, SCNB, BT, DTDB, NBANK, UOBR Source Audited
financial statements, as of June 30, 2003
Note (1) Net interest income and non-interest
income Source Audited financial statements, as
of June 30, 2003

• Provide frequent training, encourage
  self-improvement, and enhance cross-functional
  skills
• Increase proportion of employees in marketing,
  analytical, and specialist fields
• Mutual Separation Program helps improve
  efficiency and cost to income ratio

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Develop and Improve IT
Improve IT Capability to Enhance Competitiveness
Core Banking

• Integration of lending, deposit, accounting, and
  MIS systems
• Completed in August 2003

Electronic Internet Banking

• Focus on low-cost sales channel and 24-hour
  services
• Chada Phone Banking and full-service online
  banking
• Boost the number of ATMs nationwide

Customer Relationship Management

• Develop extensive customer database management
• Extend CRM capabilities to increase efficiency of
  sales and services

Operation Projects

• Performance Measurement System (PMS) to measure
  profit loss of each unit
• Loan Origination System (LOS) to enhance the
  efficiency of credit approval
• B2B Commercial Card to facilitate the supply
  chain among corporate customers

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Siam City Bank Public Company Limited
1. Overview 2. Competitive Strengths 3.
Strategy 4. Overview of Assets and Liabilities 5.
Profitability 6. Transaction Summary
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Asset and Loan Portfolio Breakdown
Asset Breakdown
Loan Portfolio Breakdown
Total Assets Baht 496,465 million (June 30,
2003)
Total Loans Baht 127,031 million (June 30, 2003)
Source Consolidated financial statements
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Asset Loan Expansion
Loan
Asset Expansion
Baht Million
Baht Million
Note Net Loans and Interest Receivable excluding
AMC Notes Source Consolidated financial
statements
Source Consolidated financial statements
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Strong Loan Growth
Total Loan (Include AMC)
Total Loan (Exclude AMC)
Baht Million
Baht Million
(1)
Loan Growth 22.17
Note (1) Redemption of AMC Notes Baht 44,000
million Source Consolidated financial statements
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AMC Note Redemption lead to Higher Yield
AMC Notes
Terms of AMC Notes
Baht Million

• Issued by PAM in exchange for NPLs transfer
  during 2001 and 2002
• SCIB received 16 AMC Notes, totaling Baht 303,826
  million
• FIDF will redeem Bt 44,000 million of AMC Notes
  annually until 2005 and the remaining portion in
  2006
• AMC Notes carry an interest rate at a weighted
  average of interest rates payable to all types of
  bank deposits

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Growing Investment with High Unrealized Gains
Investment in Securities
Investment Type (June 30, 2003)
Baht Million
Total Baht 93,140 million
Note Excluding allowance for diminution in value
in debt instruments of Baht 12,756
million Source Consolidated financial statements
Source Consolidated financial statements
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Solid Asset Quality and High Loan Loss Reserve
Classified Loans (June 30, 2003)
Loan Loss Reserve (June 30, 2003)
Reserve Provided 7,313 Baht Million Reserve
Required by BoT 837 Baht Million Excess
Reserve 6,476 Baht Million of Excess
Reserve 773.72
Source Company financial statements
Source Company financial statements
SCIBs Loan Loss Reserve Baht 8,700.95
million(Based on unreviewed financial statements
as of Sep 30, 2003)
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No Further Risks from NPLs Transferred to PAM

• The value of NPLs transfer equals to the net book
  value after deduction of appropriate allowance
  for doubtful accounts of loans
• SCIB receives AMC notes in exchange for NPLs
  transfer
• SCIB does not have to record additional gain/loss
  from the NPL already transferred to PAM
• SCIB receives the management fee from PAM for
  managing such NPL accounts

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Sources of Funds
Deposits Breakdown (June 30, 2003)
Liabilities Breakdown (June 30, 2003)
Total Baht 456,927 million
Total Baht 433,649 million
Source Consolidated financial statements
Source Consolidated financial statements
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Siam City Bank Public Company Limited
1. Overview 2. Competitive Strengths 3.
Strategy 4. Overview of Assets and Liabilities 5.
Profitability 6. Transaction Summary
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Interest Income Interest Expenses
Interest Expenses (June 30, 2003)
Interest Dividend Income (June
30, 2003)
Baht Million
Baht Million
16,501
Growth 18.87
11,060
10,674
10,273
9,484
8,762
9,074
Growth -7.65
7,371
5,137
4,744
Source Consolidated financial statements
Source Consolidated financial statements
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Widening Net Interest Dividend Income
Net Interest Dividend Income
Baht Million
(1)
Growth 79.86
Note (1) Consolidation of BMB and SCIB Source
Consolidated financial statements
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Non-interest Income
Non-interest Income
Baht Million
(1)
Growth 19.49
Note (1) Consolidation of BMB and SCIB Source
Consolidated financial statements
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Growing Pre-Provisioning Profits
Pre-Provisioning Profits
Baht Million
(1)
Growth 55.34
Note (1) Consolidation of BMB and SCIB Source
Consolidated financial statements
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Impressive Return from Investment Portfolio
Return on Investment Portfolio
Investment Income
Per Annum
Baht Million
Growth 47.65
(1)
Note (1) Annualized return on investment
portfolio Source Consolidated financial
statements
Source Consolidated financial statements
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Improving Interest Spread
Interest Spread of Yield on Earning Assets Cost
of Funds
Per Annum
Note Based on accounting figures Differs from
SEC definition Source Consolidated financial
statements

• Increase in loan portfolio and reduction of AMC
  Notes
• Reducing cost of fund

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Income Statement Summary
(Baht Million) 2000 2001 2002 6M03 9M03(2)

• Interest Income 9,484 11,060 16,501 8,762 12,821
• Interest Expense 10,273 9,074 10,674 4,744 6,677
• Net Interest Income (789) 1,986 5,827 4,018 6,144
• Provision for Loan Losses(1) (2,418) (2,843) (4,04
  1) (2,159) (3,645)
• Net Interest Income after Provision (3,207) (857)
  1,786 1,859 2,499
• Non Interest Income 246 38 4,216 2,697 4,464
• Non Interest Expense 4,303 6,318 5,119 3,212 4,893
  
• Net Profit before Tax Extra. Items (7,264) (7,13
  7) 883 1,344 2,070
• Net Profit before Extra. Items (7,285) (7,154) 882
  1,343 2,070
• Extra. Items - 45,229 - - -
• Net Profit (7,285) 38,075 882 1,343 2,070
• EPS (Baht per Share) n.a. 14.98 0.54 0.64 0.98

Note (1) Includes bad debts and doubtful
accounts and loss on trouble debt restructuring
items Source Consolidated financial statements
(2) Unreviewed Company financial statements
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Performance Indicators
2000 2001 2002 6M03 9M03(2)

• ROE () n.a. 476.43 3.29 7.21(1) 7.85(1)
• ROA () -2.83 13.71 0.22 0.55(1) 0.59(1)
• Book Value (Baht per Share) n.a. 17.62 16.53 18.71
  16.73
• BIS ()
• Tier 1 n.a. 13.02 14.46 12.72 11.50
• Tier 2 n.a. 3.16 1.08 1.01 0.93

Note (1) Annualize Source Consolidated
financial statements (2) Unreviewed Company
financial statements
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Siam City Bank Public Company Limited
1. Overview 2. Competitive Strengths 3.
Strategy 4. Overview of Assets and Liabilities 5.
Profitability 6. Transaction Summary
39
Investment Highlights
Rapid Loan Growth Potential
Strong Capital Base for Loan Expansion and
Dividend
Clean Bank with Lowest NPL Level
Highly Experienced Management Team
Good Corporate Governance
Ample Room to Increase Profitability
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Transaction Summary
Company
Siam City Bank Public Company Limited
Selling Shareholder
Financial Institutions Development Fund
Securities Package
370 million ordinary shares and 740 million units
of covered warrant
Offering Ratio
1 Ordinary Share 2 Covered Warrants
Terms of Warrant
Maturity 1 Year Exercise Ratio 11 Exercise
Price
Pricing Terms
Offering Price Share /Share Warrant
Baht/ Unit Securities Package Baht/ Package
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Tentative Offering Schedule
Roadshow
October 27 - November 4, 2003
Bookbuilding
November 17 - 18, 2003
Pricing
November 19, 2003
Subscription Period
November 20, 21 and 24, 2003