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Halcyon Technology Public Co., Halcyon Technology Public Co., Ltd. Ltd. 10 March 2010 Content Content TOPIC Page Business Overview 3 Product Types (HT) 4-7 New Products 8-9 Product Types Product Types (HM) (HM) 10-11 10-11

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SLIDE 1

Halcyon Technology Public Co., Halcyon Technology Public Co., Ltd. Ltd.

10 March 2010

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SLIDE 2

Content Content

TOPIC Page

Business Overview Product Types (HT) 3 4-7 New Products Product Types (HM) 8-9 10-11 Product Types (HM) Financial Highlights 10-11 12-17 New Machine & Product Industry Outlook 18-21 22-35 Customer Base General Information 36-37 38

2

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SLIDE 3

Business Overview Business Overview -

  • Halcyon Group

Halcyon Group

Halcyon Technology (HTECH) Halcyon Technology (HTECH)

since Nov. since Nov. 2002 2002

Authorized Capital 240 MB

  • A manufacturer of diamond cutting tool,

including Polycrystalline Diamond (PCD) including Polycrystalline Diamond (PCD), CBN, Natural Diamond, and Carbide 100.00%

Halcyon Metal (HM) Halcyon Metal (HM)

70.00%

Haltek (HC) Haltek (HC) Halcyon Metal (HM) Halcyon Metal (HM)

since Nov. since Nov. 1993 1993

Authorized Capital 50 MB Haltek (HC) Haltek (HC)

since Apr. since Apr. 2010 2010

Authorized Capital 10 MB

  • A manufacturer of high precision

parts, including Jig & Fixture, Holder, and Metal Fabrication

  • A trading company for Indexable

Inserts and Solid Carbide Cutting Tool System

3

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SLIDE 4

Product Types Product Types -

  • Halcyon Technology

Halcyon Technology

Polycrystalline Diamond (PCD) Polycrystalline Diamond (PCD)

O f th h d t b t d i tti t l f

  • One of the hardest substances used in cutting tools for

non-ferrous materials

  • The hardest material with highest wear resistance to

abrasion

  • High density material which can produce high surface

finishing parts g p

  • Long-life tooling & multiple resharpening
  • Maximum efficiency for non-ferrous materials
  • PCD Boring Tool

Group of Products Group of Products

  • PCD Reamer

g

  • PCD Endmill Tool
  • PCD Insert

PCD B i T l

  • PCD Hollow Tool
  • PCD Drill

C bid S i l T l

4

  • PCD Brazing Tool

Source: www.technologymedia.com

  • Carbide Special Tool
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SLIDE 5

Product Types Product Types -

  • Halcyon Technology

Halcyon Technology

Product Product Detail Detail Application Application  PCD Boring Tool PCD Boring Tool

  • There is one-lip cutting edge for boring

straight or step hole as small as 3.0 MM.

  • High precision but need some polishing

for very fine surface finish

  • Electronic parts and aluminum

products, Most application in turning process

 PCD Endmill Tool PCD Endmill Tool

for very fine surface finish

  • HDD and woodworking Most application in

 PCD Endmill Tool PCD Endmill Tool

  • There is two- lip cutting edge for milling,

cutting, or boring a hole as small as 3.0 MM

  • Provide faster work process than boring

tool

  • HDD and woodworking, Most application in

milling process

 PCD Insert PCD Insert

  • There is one-lip cutting edge for turning or

cutting

  • Electronic parts, Most application in turning

process cutting

  • Need to use with holder
  • Reduce production cost since replace only

insert when it damaged

  • Reduce set up time

p 5

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SLIDE 6

Product Types Product Types -

  • Halcyon Technology

Halcyon Technology

Product Product Detail Detail Application Application  PCD Brazing Tool PCD Brazing Tool

  • There is one-lip cutting edge for turning or

cutting

  • No limit of design for cutting head, making

the tool more practical for use

  • Automobile parts / HDD., Suit for turning

process

 PCD Reamer PCD Reamer

the tool more practical for use

  • Low-price since its shank made of steel

and quick production

  • For reaming straight or step hole
  • Electronic parts and HDD Suit for milling

 PCD Reamer PCD Reamer

  • For reaming straight or step hole
  • Produce finest surface finish compare to

boring and endmill tool

  • Longer tool-life compare to others
  • Suitable for mass production
  • Electronic parts and HDD, Suit for milling

and turning process

 PCD Hollow Tool PCD Hollow Tool

p

  • Replace imported products
  • For making pin in one step since it is able to

d ill d t t th ti

  • Electronic parts and HDD, Suit for milling

process drill and cut at the same time

  • Reduce working process and cycle time
  • Suitable for mass production
  • Replace imported products

6

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SLIDE 7

Product Types Product Types -

  • Halcyon Technology

Halcyon Technology

Product Product Detail Detail Application Application  PCD Drills PCD Drills

  • New solution of drilling on Non-Ferrous

metal

  • Sharper cutting edge without any burrs

L lif ti d l d

  • Electronic parts and aluminum

products, suitable for drilling process

  • Long lifetime and lower wear compared

to carbide drill

  • Tighten dimensional control which can

eliminating reamer

  • Excellent surface finishes and better

 Carbide Cutting Tools Carbide Cutting Tools

quality parts E h i i l i d i l

  • Emphasize on special size and special

design cutting

  • Need to use with holder
  • Tighten dimensional control which down to

0.002 mm

  • Electronic parts, General Metal Works,

suitable for milling and turning process

  • Carbide grade K-10
  • Reduce the cycle times
  • Reduce set up time
  • Good for heavy cutting processes

7

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SLIDE 8

New Products in New Products in 2009 2009 – – Halcyon Technology Halcyon Technology

PCD Cutting Tool Products (Special Micro Size) DIAMOND PCD DRILL DIA. 1.0 DIAMOND

ใช้ในอุตสาหกรรม HDD, แผงวงจรอิเล็กทรอนิค, Medical, Air Craft, Abrasive Material และอุตสาหกรรมอื่นๆ ทั่วไป เริ่มผลิตในช่วง Dec/2009 และจะสามารถเพิ่มรายได้อีกประมาณ 1 ล้านบาท/1 เครื่องจักร/1 เดือน ในส่วนของ ึ่ ี

8

Cutting Tools ซึงมี Margin สูง

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SLIDE 9

New Products in New Products in 2009 2009 – – Halcyon Technology Halcyon Technology

Carbide Cutting Tool Products (Special Micro Size)

ใช้ในอุตสาหกรรม HDD, Electronic Parts, Small Components และอุตสาหกรรมอื่นๆ ทั่วไป เริ่มผลิตในช่วง Dec/2009 และจะสามารถเพิ่มรายได้อีกประมาณ 1 ล้านบาท/1 เครื่องจักร/1 เดือน ในส่วนของ

9

Cutting Tools ซึ่งมี Margin สูง

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SLIDE 10

Product Types Product Types – – Halcyon Metal Halcyon Metal

TOOLINGS

  • Jig & Fixture: to hold workpiece being in the right position in order to ensure that every piece of work is

drilled, milled or cut as the standard format

  • Holder: to hold cutting tool in order to proceed work conveniently such as holder for PCD Insert

10 10

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SLIDE 11

Product Types Product Types – – Halcyon Metal Halcyon Metal

METAL FABRICATION

  • Mass Products

Parts of Jewelry Box and watch box Parts of Jewelry Box and watch box Screw Nut & Screw Metal Screw Nut & Screw Metal

  • Batch Products

11 11

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SLIDE 12

Financial Highlights Financial Highlights

452.1

500

125.16 39% 45% 40% 120 00 140.00 45% 50%

Profitability Capital Structure

272.87 163.24 109 63 341.08 160.97 180.11 371.83 120 39 251.44 134.6 317.5

200 300 400 million Baht

104.61 125.16 93.88 38 73 71.00 65.03 39% 40% 14% 25% 27% 40 00 60.00 80.00 100.00 120.00 million Baht 15% 20% 25% 30% 35% 40% 109.63 120.39

100 2006 2007 2008 2009 Asset Liabilities Equity

38.73 0.00 20.00 40.00 2007 2008 2009 0% 5% 10% 15% Gross Profit Net Profit Gross Profit Net Profit

1 6 sset ab t es qu ty

Gross Profit Net Profit Gross Profit Net Profit 103 88 120 1.6

Current Ratio D/E Ratio (times)

0.84 1.14 1.41 1.32 0.8 1 1.2 1.4 1.6

28 84.93 103.88 63.59 1.49 0.89 0 48 40 60 80 100 million Baht 0 4 0.6 0.8 1 1.2 1.4

0.2 0.4 0.6 2006 2007 2008 2009

0.48 0.42 20 2006 2007 2008 2009 0.2 0.4 Total Borrowing D/E Ratio

12 12

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SLIDE 13

Capacity Utilization Capacity Utilization – – Cutting Tool Cutting Tool (HT) (HT)

Capacity 2008 Ave.per Q1/2009 Q2/2009 Q3/2009 Q4/2009 Change in % f 2009 Change in % f Unit: Pieces 2008 Q/2008 Q1/2009 Q2/2009 Q3/2009 Q4/2009 % from Q3/2009 2009 % from 2008

PCD Boring Tool

45,224 11,306 6,736 8,242 10,520 10,482

  • 0.36%

35,980

  • 20.44%

PCD Endmill Tool

23,978 5,995 3,220 5,099 6,829 6,628

  • 2.94%

21,776

  • 9.18%

PCD Insert

73,729 18,432 9,796 13,159 15,230 16,549 +8.66% 54,734

  • 25.76%

PCD Brazing Tool

5,398 1,350 995 1,888 1,389 1,853 +33.41% 6,125 +13.47%

PCD Reamer

2,400 600 410 958 1,279 1,526 +19.31% 4,173 +73.88%

PCD Hollow Tool

6,900 1725 970 2,078 3,629 3,636 +0.19% 10,313 +49.46

PCD Drill

  • 20
  • 20
  • Carbide Cutting Tool
  • 270

352 +30.37% 622

  • Total Capacity

157,629 39,407 22,127 31,424 39,150 41,030 +4.80% 133,731

Working Hours / Month (Jan. Working Hours / Month (Jan.-

  • May) :

May) : 300 300 hrs. hrs. Working Hours / Month (June Working Hours / Month (June-Dec.) : Dec.) : 572 572 hrs. =

  • hrs. = 100

100% %

13 13

Working Hours / Month (June Working Hours / Month (June Dec.) : Dec.) : 572 572 hrs.

  • hrs. 100

100% %

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SLIDE 14

Capacity Utilization Capacity Utilization – – Tooling and Metal Fabrication (HM) Tooling and Metal Fabrication (HM)

Capacity Unit: Pieces 2008 Ave.per Q/2008 Q1/2009 Q2/2009 Q3/2009 Q4/2009 Change in % from Q3/2009 2009 Change in % from 2008 Tooling

290,490 72,623 28,706 51,444 95,451 253,355 +165.43% 428,956 +47.67%

Metal Fabrication

  • Mass Product

27,768,124 6,942,031 7,653,450 3,182,900 5,240,910 4,250,955

  • 18.89%

20,328,215

  • 26.79%

ass

  • duct

, , , , , , , , , , , , , ,

  • Batch Product

576,376 144,094 9,103 24,109 29,825 18,553

  • 37.79%

81,590

  • 85.84%

Total Capacity

28,634,990 7,158,748 7,691,259 3,258,453 5,366,186 4,522,863

  • 15.72%

20,838,761

  • 27.23%

Working Hours / Month Working Hours / Month PCD Tools RUN PCD Tools RUN 100 100% 572 572 Hrs./Month from JUNE/ Hrs./Month from JUNE/09 09 Jig & Fixture RUN Jig & Fixture RUN 66 66. .6 6% 416 416 Hrs./Month from JUNE/ Hrs./Month from JUNE/09 09

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Compare Revenue & Net Profit Avg. Compare Revenue & Net Profit Avg. 2008 2008 & & 2009 2009

Unit: million Baht

  • Ave. per

Q / 2008 Q1 / 2009 Change from 2008 Q2 / 2009 Change from Q1/2009 Q3 / 2009 Change from Q2/2009 Q4 / 2009 Change from Q3/2009

Income 69.91 34.73

  • 50.32%

51.75 +49.01% 72.31 +39.73% 78.00 +7.87% Gross Profit 31.29 11.70

  • 62.62%

20.29 +79.49% 32.95 +62.40% 28.95

  • 12.14%*

Net Profit 17.75 7.10

  • 60.01%

12.10 +70.43% 22.85 +88.84% 22.98 +0.57% * Q4/2009 New Machine Depreciation

S lid f i t ft ld i i S lid f i t ft ld i i

p

Solid performance improvement after world crisis Solid performance improvement after world crisis

15 15

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SLIDE 16

Revenue Revenue Structure Structure

Consolidated Performance

6 284.76 245.32 250 00 300.00 88 25.16 150 00 200.00 250.00 Million 37.28 52.72 73.84 81.48 93.8 11.70 12 .77 1.52 22.06 22.85 71.00 2.98 .10 10 65.03 50.00 100.00 150.00 THB M 1 31 31 2 2 22 12 7.1

  • 50.00

2008 Q1-09 Q2-09 Q3-09 Q4-09 2009 Q/Year

Total Revenue Gross Profit Net Profit

16 16

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SLIDE 17

Product Mix Product Mix – – Halcyon Group Halcyon Group

Others 4 14% Metal Fabrication Metal Fabrication Others

Revenue Structure (2007) Revenue Structure (2008)

Sleeve 3.95% 4.14% Tooling 20.58% 16.87% 1.02% Cutting Tools 55.73% Tooling 15.60% Cutting Tools 62.97% Tooling 19.14%

55.73% 62.97%

Others 0 69% Metal Fabrication %

Revenue Structure (2009)

0.69% Tooling 15.33% 8.49% Cutting Tools 75.49%

75 49%

17 17

5 9%

75.49%

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SLIDE 18

New Machine in New Machine in 2009 2009

Machine Maker Qty (Set) Setup RG4 England 1 11/06/09 RG4 England 1 11/06/09

ใช้ในการเจียร PCD Tool

Carbide Grinding Machine “ Switzerland 1 28/04/09 ใช้ในการผลิต Carbide “ Ewagmatic-106 ” (6xSpindle)

Cutting Tools (Total 7 Machines)

18 18

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SLIDE 19

New Machine in New Machine in 2009 2009

Machine Maker Qty (Set) Setup Wirecut Machine Germany 2 1 23/07/09 25/11/09 Wirecut Machine “ Vollmer 750, 760 ” 1 25/11/09 ใช้ผลิต PCD Tools

และ Carbide Tools (hollow tool, hollow mill special profile tool) mill, special profile tool)

PCD Grinding S it l d 1 30/08/09 PCD Grinding Machine “ Ewagmatic-Line ” (6xSpindle) Switzerland 1 1 30/08/09 25/11/09 ใช้ผลิต PCD Tools

และ Carbide Tools

(6xSpindle)

และ Carbide Tools (Total 2 Machines)

1 30/11/09 CNC Carbide Grinding Machine “ Walter ” Germany 1 30/11/09 ใช้ผลิต Carbide

Cutting Tools

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New Machine in New Machine in 2009 2009

“Ewagmatic Line” “Ewagmatic-Line”

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New Machine in New Machine in 2010 2010

21 21

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Industry Outlook Industry Outlook

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HDD Shipment Trend (CY HDD Shipment Trend (CY2007 2007-

  • CY

CY2010 2010F) F)

I ncreased 18.38 % from 2009

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HDD Shipment Preliminary (Q HDD Shipment Preliminary (Q1 1/ /2010 2010 Forecast) Forecast)

24 24

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SLIDE 25

HDD Quarterly Shipment Trend HDD Quarterly Shipment Trend

ill

  • mill. set

25 25

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SLIDE 26

Major HDD Makers’ Financial Results Major HDD Makers’ Financial Results – – Profit &

Profit & Loss Loss

USD mill. 26 26

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HDD Shipment Trend HDD Shipment Trend

27 27

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HARDDISK AND FORECAST HARDDISK AND FORECAST 2009 2009

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Halcyon Products Supplied to HDD Industry Halcyon Products Supplied to HDD Industry

BASEPLATE

  • Total: 55 mill. pcs./month
  • Thailand produces avg. 70%

= 38.5 mill. pcs./month PCD Tooling

  • Endmill 3.8 mm (1,500 pcs./month)
  • Reamer (750 pcs./month)

H ll Pi (1 500 / h)

  • Hollow Pin (1,500 pcs./month)
  • Hollow Mill (750 pcs./month)
  • Groove Mill (750 pcs./month)

CB Tooling

  • CB Drill (1,500 pcs./month)

PCD+CB TOTAL = 19.1 mill. Baht/month

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Halcyon Products Supplied to HDD Industry Halcyon Products Supplied to HDD Industry

HUB

  • Total: 55 mill. pcs./month
  • ta : 55

. pcs./

  • t
  • Thailand produces avg. 70%

= 38.5 mill. pcs./month PCD Tooling

  • OD‐Insert (650 pcs./month)
  • Back Boring (1,950 pcs./month)
  • Brazing Tools (1,950 pcs./month)

CB Tooling /

  • CB Drill (1,300 pcs./month)

PCD+CB TOTAL = 4.94 mill. Baht/month

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Halcyon Products Supplied to HDD Industry Halcyon Products Supplied to HDD Industry

SLEEVE 3.5” (Stainless Steel)

CB Tooling CB Tooling

  • Drill (700 pcs./month)
  • OD‐R‐Insert (900 pcs./month)
  • OD‐F‐Insert (750 pcs./month)

O se t ( 50 pcs /

  • t )
  • CO‐Insert (900 pcs./month)

PCD+CB TOTAL = 2.4 mill. Baht/month

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SLIDE 32

Halcyon Products Supplied to HDD Industry Halcyon Products Supplied to HDD Industry

SLEEVE 2.5” (Brass)

PCD Tooling PCD Tooling

  • Front Boring (175 pcs./month)
  • Back Boring (175 pcs./month)
  • OD‐Insert (175 pcs./month)

O se t ( 5 pcs /

  • t )
  • Brazing Tools (175 pcs./month)

CB Tooling

  • CB Gun Drill (175 pcs./month)

PCD+CB TOTAL = 1.23 mill. Baht/month

32 32

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SLIDE 33

Halcyon Products Supplied to HDD Industry Halcyon Products Supplied to HDD Industry

ARMSET

  • Total: 20 mill. pcs./month (China)
  • Thailand: NONE

33 33

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SLIDE 34

Halcyon Products Supplied to HDD Industry Halcyon Products Supplied to HDD Industry

SHAFT 2.5” (Stainless Steel)

  • Total: 55 mill. pcs./month
  • Thailand produces avg. 70%

= 38.5 mill. pcs./month CB Tooling

  • Drill (700 pcs./month)
  • OD‐R‐Insert (900 pcs./month)
  • OD‐F‐Insert (750 pcs./month)

CO I t (900 / th)

  • CO‐Insert (900 pcs./month)

PCD+CB TOTAL = 772,500 Baht/month

34 34

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SLIDE 35

35 35

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SLIDE 36

Customer Base Customer Base – – Halcyon Group Halcyon Group

36 36

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SLIDE 37

Customer Base Customer Base – – Halcyon Group Halcyon Group

37 37

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SLIDE 38

General Information General Information

ปริมาณการนําเข้า Carbide ในรอบ 12 เดือน (ปี2009) = 1 530 466 726 บาท ปรมาณการนาเขา Carbide ในรอบ 12 เดอน (ป2009) 1,530,466,726 บาท ปริมาณการนําเข้าหินเจียรเพชรในรอบ 12 เดือน (ปี 2009) = 119,999,629 บาท ปริมาณการนําเข้า Carbide ของ HTECH (เฉลี่ยปี 2009) = 1.5 ล้านบาทต่อเดือน

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ข้อมูลจากเวบไซต์กรมศุลกากร http://www.customs.go.th/Statistic/StatisticIndex.jsp

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SLIDE 39

Q & A Q & A

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SLIDE 40

Thank You Thank You

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SLIDE 41

Contact Us Contact Us

Halcyon Group Halcyon Group y p y p

41 41 Moo Moo 14 14 Bangchan Industrial Estate Soi Bangchan Industrial Estate Soi6 6, , Serithai Rd., Soi Serithai Rd., Soi58 58, Minburi, , Minburi, Bangkok, Thailand Bangkok, Thailand 10510 10510 g Tel : Tel : 02 02‐906 906‐3242 3242‐50 50 Fax : Fax : 02 02‐906 906‐3251 3251

E‐mail : mail : center@halcyon.co.th center@halcyon.co.th www.halcyon.co.th www.halcyon.co.th www.halcyon.co.th www.halcyon.co.th

41 41