Q12022 RESULTS BRIEFING INVESTOR PRESENTATION MAY 13, 2022 CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED

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A: 3Yr Historical Results

B: Products & Raw Materials Price Trend

C: Group of Associate Companies & Joint VenturesD: Product Sample & Retail Outlet Format

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“Aiming to compete in the front line of the food industry, we use resources properly and environmental friendly. The Company takes into account the interests of all stakeholders to ensure

sustainable growth, while being able to generate appropriate return to shareholders” Why Invest in CPF

production, and shrimp integrated business

mainly swine, poultry, shrimp

countries

We are recognized as

Agro & Food Industry Sector

(Emerging Markets)

Thai Institute of Directors (IOD)

Corporate Governance Scorecard (ACGS)

Our Vision is…

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Commit to support

PEOPLE : <small>Improving Quality of Life</small>

PLANET : <small>Protecting our Planet </small>

PROSPERITY : <small>Creating Prosperity</small>

PEACE : <small>Building Peace</small> PARTNERSHIP <small>: Partnering for Collaboration</small>

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•4 listed

investments onboard (HKSE:3839, TWSE:1215,

•41 series of debentures

listed on Thai Bond Market Association

•Book Value THB 24.41* per share

•Major Shareholder Charoen Pokphand Group Ltd. with 51.43%** of paid-up capital

<small>* Exclude Non-Controlling Interests (NCI) and Subordinated Perpetual Debentures</small>

<small>** CPG Group is a reporting group to be in compliance with Section 246 and Section 247 of the Securities and Exchange Act of 2535 (as amended)</small>

(or ~USD15.9 billion)

Market Cap THB 214billion

(or ~USD6.2 billion)

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Vertically Integrated Business in Thailand

FeedmillingBreeding Farming ProcessingAdding Value

Food & Retail Outlets

Ready Meal Farm

The integrated food process to offer top-quality products in terms of nutrition, taste, food safety, and traceability with the focus to maintain world-class, modern production process as well as efficient and

ecofriendly consumption of natural resources.

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<small>Food & Trading business</small>

<small>Hatchery farm</small>

<small>Food processing plants</small>

<small>Livestock and aquaculture integrated business</small>

CPF Geographical Footprints

<small>Livestock integrated business</small>

<small>Swine integrated business</small>

<small>Ready to eat foods</small>

<small>Chicken integrated business</small>

<small>Aquatic feed, Shrimp Hatchery & Processing</small>

<small>Livestock and aquaculture integrated businesses</small>

<small>Livestock and aquaculture feed</small>

<small>Livestock and aquaculture farming</small>

<small>Ready to eat foods</small>

<small>Chicken integrated business</small>

<small>Livestock and aquaculture business and aquaculture feed and farming</small>

•Operations and investment in 17 countries catered to > 4 billion population

•Export to more than 40 countries across 5 continents

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Our Strategy for Growth

Fully integrated business model

Globalization by establishing a proper business model suitable for each strategic market

Value-added business by expanding portfolio towards innovative products and services to serve rising demands

17 Countries Expand Market in

Digital Transformation utilize digital tools to improve operation efficiency and to better serve needs of customer.

Sustainability ensure sustainable growth by creating shared value for society, environment

5

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<small>Note: % represent percent holding by CPF both direct and indirect</small>

<small>(1) Based on total issued shares (The privatization of CPP completed on 18 January 2022)(2) See Appendix C for full list of associates & joint venturesWell Well Invest S.A.(33.33%)</small>

<small>(3) CPF holds 8.85% in MAKRO after PO in December 2021</small>

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Performance Summary

 Revenue continues to grow

• Thailand operation up 13%, international operation up 18%  Gross profit margin weaken especially from Vietnam

• Vietnam swine prices declined YoY

• Raw material increased partly from Russia-Ukraine situation Share in profit of associates down mainly from weak CTI performance

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Q1/2022: Sales & Profit Margin by Business

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<small> Sales Breakdown by Products</small>

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Consolidated Income Statement Highlight

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Net Debt to Equity & Net Debt to EBITDA

<small>Remark : Net Debt = Interest Bearing Debt - Cash and Cash Equivalents</small>

<small>Bond Rating “A+” with “Stable” Outlook by Tris Rating Co., Ltd </small>

<small>EBITDA = Revenue from Sales of Goods - Cost of Sales of Goods + Other Income - Selling Expense - Administrative Expense - Other Expense + Gain (Loss) from Foreign Exchange + Gain (Loss) on sales of property, plant & equipment+ Depreciation & Amortization + Depreciation of </small>

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FY2022 Investment and Financing Activities

applies for approval of share distribution to become a public

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CPF’s Investment in Listed Companies

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FY2022 Outlook

Capacity expansion in multiple countries

Efficiency improvement to reduce cost of production

Expected higher meat prices in Thailand

Consumption demand to improve post Covid-19 situation.

Impact of Covid-19 on global economy

Impact of Russia-Ukraine conflict

African swine fever (ASF) outbreak in multiple countries

Key Drivers & Focus Growth Target

Capex of approximately THB 25 billion (excluding M&A)

International business expansion continues to drive growth.

Key Challenges

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Appendix A

Highlights : 3Yr Historical Results

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Thailand Operations – Export Destination

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Consolidated Income Statement Highlight

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CAPEX & EBITDA

<small>EBITDA = Revenue from Sales of Goods Cost of Sales of Goods + Other Income Selling Expense -Administrative Expense - Other Expense + Gain (Loss) from Foreign Exchange + Gain (Loss) on sales of property, plant & equipment+ Depreciation & Amortization + Depreciation of biological asset </small>

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Consolidated Net Profit, ROA and ROE

<small>Gain on one time transactionDivestment and Dividend</small>

<small>Equity (Share in Profit of Associates)</small>

<small>ROA = Net Income (include Non-Controlling Interest )/Average Total Asset</small>

<small>ROE = Net Income (Exclude Non-Controlling Interest)/Average Total Equity (Exclude Non-Controlling Interest)</small>

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Consolidated Net Profit- Quarterly

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EPS & Dividends per Share

<small>Unit : THB Per Share</small>

<small>Semi-annually, not less than 30% of consolidated annual net profit</small>

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Appendix B

Products & Raw Materials Price Trend

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Average Farm Prices - Thailand

Thailand’s Broilerprice

Thailand’s Porkprice

<small>(THB/kg)Average PriceY20Y21Y2272.474.291.0% Chg+3%+23%</small>

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Average Farm Prices - Thailand

Thailand’s Fresh Egg price

<small>(THB/piece)</small>

Thailand’s White Shrimp price

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Average Raw material Prices - Thailand

Thailand’s Cornprice

Thailand’s Soybean Meal price

Thailand’s Fishmealprice

<small>(THB/kg)Average PriceY20Y21Y2229.535.837.2% Chg+22%+4%</small>

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Vietnam:Average Market Price and Major Feed Raw Materials

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Turkey: Average Market Price and Major Feed Raw Materials

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India:Average Market Price and Major Feed Raw Materials

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Cambodia: Average Market Price and Major Feed Raw Materials

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China: Average Market Price and Major Feed Raw Materials

<small>Source: The Ministry of Agriculture of PRCRMB 1 = THB 5.14</small>

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Appendix C

Group of Associate Companies &Joint Ventures

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Group of Associate Companies & Joint Ventures

<small>P.38AssociatesType of BusinessCPF's Direct and I ndirect I nterest (%)</small>

<small>Associates Under CPP</small>

<small>Chia Tai Conti(Cixi) Investment Management Ltd.Provision of Consulting service on economic and trade38.12</small>

<small>Associates Under CTEI</small>

<small> Zhan Jiang Deni Carburetor Co.Ltd.Manufactures and distributes carburetor products14.12</small>

<small>Joint VenturesType of BusinessCPF's Direct and I ndirect I nterest (%)</small>

<small>Andhra Pradesh Broodstock Multiplicationcentre Pvt Ltd.Aqualculture business74.99</small>

<small>Sao Ta Foods Joint Stock Company (Vietnam)Seafood product preparation and packaging business20.71Cloud Food System Joint Stock Company (Vietnam)Computer systems design and related services19.40Joint Ventures Under CTEI</small>

<small>ECI Metro Investment Co.,Ltd.Sales distributor of industrial machinery products25.21ECI Metro Enterprises (Hong Kong) Co., Ltd.Sales distributor of industrial machinery products25.21</small>

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Appendix D

Product Samples & Retail Outlet Formats

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Food Retail Products

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Food Retail Products

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Food Retail Products

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Food Service : Five Stars Chain

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Food Service : Chester’s

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Investor Relations Office

Charoen Pokphand Foods Public Company Limited

313 C.P.Tower Building, 15

Floor, Silom Road, Bangrak, Bangkok 10500, Thailand

Tel (662) 766-8322 / (662) 766-8351 Fax. (662) 638-2942

“This presentation contains some information from other sources that CPF does not make any representations regarding the use, validity, accuracy, or reliability of, or the results of the use of information, data but not limited to, all text, and images (“the Content”) on this presentation. Some contents may contain forward-looking statements that based on management’s view upon the information

currently available to us. These statements are subject to certain risks and uncertainties that could cause the actual results to be materially differed from what had been previously stated.

The Content and the Forward-looking statements state within this presentation only as the date they made. The Company undertakes no responsibility on the change after that date stated herein.”

The material set forth herein is for informational purposes only. It should not be construed, as an offer of securities for sale.

<small>For Further </small>