Analyst Analyst Pr Presentati esentation
- n
FY FY2018 2018
Be the Leading Company in Innovation Development and the Smart Factory of Quality Elastomer Products, Motorcycle Tyres and Tubes in AEC
Pr Presentati esentation on FY FY2018 2018 Be the Leading - - PowerPoint PPT Presentation
Analyst Analyst Pr Presentati esentation on FY FY2018 2018 Be the Leading Company in Innovation Development and the Smart Factory of Quality Elastomer Products, Motorcycle Tyres and Tubes in AEC Contents 2. . Performa mance 1.
Be the Leading Company in Innovation Development and the Smart Factory of Quality Elastomer Products, Motorcycle Tyres and Tubes in AEC
2. . Performa mance FY FY2018 2018
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
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Sustainability in Safety and Environment Quality in Each Product with International Quality Systems Best Satisfaction to Customers in 4 Product-Dimensions: Price/Cost (C) At the Best Competitive Level for Customers Quality (Q) At the Best Competitive Quality Rating by Customers Delivery (D) At the Best Competitive Delivery Rating by Customers Services/ Solutions (S) At the Best Service to Solutions for Customers at All Times Create the Opportunities of Human Resource Improvement to Achieve Competencies in All Levels Continuous Research and Development for New Innovations, Products, Processes and Markets and Keep Generating the Outputs
Generating Strong Financial Status and Attractive Return to Shareholders Supporting the Good Corporate Governance and Corporate Social Responsibility
Be the Leadin ing Company y in Innovation ion Developm
t and the Smart Factory
y Elastom
er Products, s, Motorcyc ycle le Tyres and Tubes in AEC
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
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On the ground und of 7 7 polic licies; ies;
Part1: About IRC
KINNO HOSHI ENGINEERING CO., LTD. IRC (ASIA) RESEARCH CO., LTD.
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
INOUE RUBBER CO., LTD. (JAPAN) LEEISSARANUKUL GROUP MINOR SHAREHOLDERS INOUE RUBBER (VIETNAM) CO., LTD.
34.30% 38.08% 27.62% 8.00% 99.99% 99.99%
Data as of February 8, 2018
The subsidiaries have been operated under the same administration structure and manageable authority as the Company. Remark: Major shareholder group who participates in business operation by sending persons to be directors *Leeissaranukul Family including Sopa-Kanok International Co., Ltd, Mrs. Porndee Leeissaranukul, Mr. Thanong Leeissaranukul, Mrs. Pimjai Leeissaranukul, Mr. Apichart Leeissaranukul, and Mrs. Pornthip Sethiwan.
Part1: About IRC
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
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Rangsit Production Site, Pathumthani Wangnoi Production Site, Ayutthaya
Other Industries
Company Abbreviation IRC Established 15 December, 1969 Listed in SET 25 September, 1994 Head office 258 Soi.Rangsit-Nakornnayok 49, Prachatipat District, Thanyaburi, Pathum Thani 12130 Registered Capital 200 Million Baht (Paid up) Number of Shares 200 Million Ordinary Shares
Total Shareholders 1,693 shareholders
(as of 8th Feb, 2018)
Total Employees 1,661 persons (FY 2018) Total Revenues 5,562 Million Baht (FY2018) 5,331 Million Baht (FY 2017) Total Net Profits 358 Million Baht (FY2018) 424 Million Baht (FY 2017)
P/E 10.40 (as of 22th Nov, 2018)
4.18 % (as of 22th Nov, 2018) Market Cap. 4,060 MB (as of 22th Nov, 2018) CG Report
Automotive Parts Tubes Tires Industrial Elastomer Products Business Unit
Total Sales
Million Baht
9.66%
Tubes
35.71%
Tires
35.44%
Automotive Parts
19.19%
Other Industries
45.37%
54.63%
FY2018
Tires and Tubes Business Unit
Part1: About IRC
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
Award from other sectors
Part1: ABOUT IRC
“First private Inspection Bodies in Thailand for Pneumatic tire for Motorcycle and Moped”
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Company Manufacturing (Thailand) Co., Ltd.
Limited on 18 May 2018
winner of group 3, on 15 December 2017
Performance Award from Toyota
Limited
from the Stock Exchange of Thailand
Received CG rating at "Very Good" level (4 stars) from the IOD survey
Control Circles 2018 (ICQCC 2018) organized by the Singapore Productivity Center
Industry
Type of factory From the Ministry of Energy
year 2018 from the Department of Skill Development Ministry of Labor
Award from customers
Part1: About IRC
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“First private Inspection Bodies in Thailand for Pneumatic tire for Motorcycle and Moped”
1. IRC (Asia) Research LTD. (IAR)
program system used in the experiment
people
customers satisfied
for competition
2. Kinno Hoshi Engineering Co., Ltd. (KIN)
production costs
process
Part1: About IRC
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Part1: ABOUT IRC
Part1: About IRC
2. . Performa mance FY2 Y2018
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
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1,231 1,328 1,297 1,376 1,354 1,422 1,391 1,392
3.10% 3.00% 3.40% 3.90% 4.30% 4.00% 4.90% 4.60% 2.70% 2.80% 3.30% 3.40% 2.80% 3.50% 3.50% 3.30% 1.00% 1.60% 1.50% 1.60% 2.00% 2.00% 1.00% 1.00% 6.68% 5.15% 6.28% 7.46% 7.65% 7.45% 6.73% 6.88%
0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% OCT-DEC'16 JAN-MAR'17 APR-JUN'17 JUL-SEP'17 OCT-DEC'17 JAN-MAR'18 APR-JUN'18 JUL-SEP'18 FY2017 FY2018
200 400 600 800 1,000 1,200 1,400 1,600
IRC Sales (MB) GDP Growth Rate - Thailand GDP Growth Rate - Global GDP Growth Rate - Japan GDP Growth Rate - Vietnam
11
Part 2. IRC PERFORMANCE : MARKET SITUATION
IRC’s sale FY2017 : 5,231.86 Million Baht IRC’s sales FY2018 : 5,559.35 Million Baht
Source: Bank of Thailand, Trading Economics ,Focus Economics
As the result of COP21,China started their policy on Environmental Combating since Jan 2018 eg. Case of using coal as the raw material in industrial , level up CO2 controlling.
U.S President U.S. – China Trade war
25 35 45
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 FY 2017 FY 2018
Carbon Black N-330 (BAHT/KG.)
12
Part 2. IRC PERFORMANCE : MARKET SITUATION
40 60 80 100
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 FY2017 FY2018
RSS3 and STR 20 (BAHT/KG.)
RSS3 STR20 40 50 60 70 80
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 FY 2017 FY 2018
Crude Oil-WTI (USD/Barrel)
65 85 105
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 FY 2017 FY 2018
Zinc Oxide-ZnO (BAHT/KG.)
Averag rage Pri Price in FY2018 2018 FEF N-330
SBR 1502
ZnO Red Zeal Crude Oil: 49.33 USD/Barrel, +29.77% comparing to the average in FY2017 Synt nthe hetic c Rubbe Rubber 1,997 USD/Ton, n,
RSS 3: 72.85 Baht/Kg.
ZnO: 65.75 Baht/Kg., +15.49% comparing to the average in FY 2017 Carbon Black: 31.85 Baht/Kg., +24.01% comparing to the average in FY2017 Nylon/Tire cord -2.06% comparing to the average in FY 2017 500 1500 2500 3500
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Q1/17 Q2/17 Q3/17 Q4/17 Q1/2018 Q2/2018 Q3/2018 Q4/2018 FY2017 FY2018
Synthetic Rubber (USD/TON)
120 140 160
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 FY 2017 FY 2018
Nylon /Tire cord (BAHT/KG.)
FEF N-330
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1.90 2.66 1.93 1.90 1.96 1.95 2.12 2.26 57% 72% 58% 42% 39% 43% 46% 46% 43% 28% 42% 58% 61% 57% 54% 54%
0.00 0.50 1.00 1.50 2.00 2.50 3.00 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019E
Millions Unit
Domestic Exports
Automobile Production Trend
Highlight:
Thailand’s Automobile Production Quarterly
Part 2. IRC PERFORMANCE : MARKET SITUATION
8.73% 6.60%
266,235 288,294 250,279 310,167 277,692 300,717 271,481 292,156 201,446 197,261 215,132 216,611 233,387 238,973 245,398 255,391
467,681 485,555 465,411 526,778 511,079 539,690 516,879 547,547
Total Domestic Export
40% 45% 44% 36% 44% 42% 46% 49% 44% 40% 44% 40% 45% 45% 48% 41% 45% 47% 46% 47% 49% 47% 47% 46% 60% 55% 56% 64% 56% 58% 54% 51% 56% 60% 56% 60% 55% 55% 52% 59% 55% 53% 54% 53% 51% 53% 53% 54%
100,000 150,000 200,000
Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Domestic (Unit) Export (Unit)
FY2017 : 1,945,425 Units FY2018: 2,115,195 Units
Source: The Federation of Thai Industries
Remark : Forecast FY2019 is from BAY research ,pending data on marketing
YoY
the domestic demand for automobiles to replace those bought five years ago under the first-car buyer scheme. For export , vehicles from Thailand should return to a state of growth, supported principally by the export of eco-cars, a result of the investment-support policies of the BOI and the closure of vehicle production facilities in Australia.
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Motorcycle Production Trend
2.28 2.33 1.86 1.84 1.79 2.01 2.07 2.10
57% 72% 58% 42% 39% 43% 46% 46% 43% 28% 42% 58% 61% 57% 54% 54% 0.00 0.50 1.00 1.50 2.00 2.50
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019E
Millions Unit
Domestic Exports
Thailand’s Motorcycle Production Quarterly
Part 2. IRC PERFORMANCE : MARKET SITUATION
3.04% 1.45%
85% 82% 75% 80% 76% 82% 83% 87% 86% 83% 83% 83% 82% 82% 77% 81% 80% 84% 83% 83% 84% 81% 83% 84% 15% 18% 25% 20% 24% 18% 17% 13% 14% 17% 17% 17% 18% 18% 23% 19% 20% 16% 17% 17% 16% 19% 17% 16%
100,000 150,000 200,000 Oct'16 Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul'17 Aug'17 Sep'17 Oct'17 Nov'17 Dec'17 Jan'18 Feb'18 Mar'18 Apr'18 May'18 Jun'18 Jul'18 Aug'18 Sep'18 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Domestic (Unit) Export (Unit)
87,083 105,854 74,639 88,622 99,243 100,546 85,272 86,984 371,947 409,346 443,255 424,536 409,698 442,632 418,547 423,300 459,030 515,200 517,894 513,158 508,941 543,178 503,819 510,284
Total
Domestic Export
FY2017 : 2,005,282Units FY2018 : 2,066,222 Units Remark : Forecast FY2019 is from BAY research ,pending data on marketing
YoY
the improving incomes of the agricultural sector and anticipated spending
electoral campaigns in 2019. The
for manufacturers and distributors of motorcycles is therefore positive, although distributors which offer hire-purchase financing may be at risk
Highlight:
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400 600 800 1,000 1,200
FY2017 FY2018 860.64 1,161.38
1,700 1,750 1,800 1,850 1,900 FY2017 FY2018
1,779.35 1,875.69
500 520 540 560 580 600 FY2017 FY2018
575.48 536.94
1,900 1,950 2,000 2,050 FY2017 FY2018
2,016.39 1,985.34
5,453.51 5,126.28 4,954.57 5,231.86 5,559.35
53.56% 52.95% 50.39% 50.81% 54.63% 46.44% 47.05% 49.61% 49.19% 45.37%
2,000 3,000 4,000 5,000 6,000 FY2014 FY2015 FY2016 FY2017 FY2018
Industrial Elastomer Parts
Motorcycle Tires and Tubes
IRC’s Sales by business unit
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Part1: ABOUT IRC
(Million Baht)
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
Tires and Tubes business unit sales Industrial Elastomer Products business unit sales
Tires Tubes Automotive Parts Other Industries
+ 5.41% + 34.94% + 6.25%
(Million Baht) (Million Baht) (Million Baht) (Million Baht)
Tires and Tubes : -2.68 % YoY Industrial Elastomer Products: +15.04% YoY
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Part1: ABOUT IRC
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
Export Market
power which directly affected Motorcycle Tire&Tubes export.
compared to FY2017.
Domestic Market
agricultural sector whom is the main group of customer, has less purchasing power. Therefore, it is directly affecting the domestic sales Both in the part of tires&tubes, especially Motorcycle tire products that become particularly sensitive in terms of price.
500 520 540 560 580 600 FY2017 FY2018
575.48 536.94
1,900 1,950 2,000 2,050 FY2017 FY2018
2,016.39 1,985.34
Tires and Tubes business unit sales
Tires Tubes
(Million Baht) (Million Baht)
103 167 200
200 300 FY2018 FY2019E FY2020E
Millions Baht
Other Industries Sales Growth
Other Industries
1,888 1,964 2,318
1,565 1,613 1,934 322 351 384
2,000 3,000 FY2018 FY2019E FY2020E
Millions Baht
Automotive Parts Sales Growth
Total 4W & 4W+ 2W
2,522 2,708 2,785
1,985 2,139 2,204 537 569 581
2,000 3,000 FY2018 FY2019E FY2020E
Millions Baht
Tires and Tube Sales Growth
Total Tires Tubes
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Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT 7.36% 2.85% 4.03% 18.02% 61.64% 18.90%
A lot of New models Remark : Other Industries Sales does not including the compound which sell to ITTC
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41.96%
Export Market (EXP)
26.25%
Replacement Market (REP)
Tires and Tubes distribution channel FY2018
31.79%
Original Equipment Manufacturer (OEM)
Total Sales
Million Baht
Industrial Elastomer Products distribution channel FY2018
Total Sales
Million Baht
53.35%
OEM 4W&4W+
35.13%
Other Industries
11.51%
OEM 2W
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
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45.69%
OEM Market Share FY2018 (by value)
22.27% 23.57% 3.35% 4.79%
Others
Overall Market Share FY2018 (by value)
29.83%
21.75%
31.59% 9.45% 7.37%
Others
OEM Tires & Tubes Market Share Overall Tires & Tubes Market Share
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT Data as of 30 Sep 2018 Data as of 30 Sep 2018
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Automotive Parts OEM Market Share
23.71%
19.37% 13.20%
12.61% 9.14%
5.15% 4.56% 2.77% 2.68% Others suppliers , 6.80%
Automotive Parts OEM Market Share FY2018 (Approximated)
Automotive Parts OEM Market Share
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT Data as of 30 Sep 2018
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Part1: ABOUT IRC
IRC's Revenue breakdown
(Million Baht) Total Revenue
COGS S&A and other expenses Financial Costs and Income Tax Expenses Net Profit Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
5,497 5,186 5,002 5,331 5,614
87.14% 83.50% 80.53% 83.77% 85.30%
6.09% 6.32% 6.95% 6.65% 7.00%
1.07% 1.66% 2.26% 1.63% 1.32%
5.70% 8.51% 10.27% 7.95% 6.39%
2,000 3,000 4,000 5,000 6,000 FY2014 FY2015 FY2016 FY2017 FY2018
1.32%
Remark : FY2018 IRC didn’t receive the dividend from IRV.
Net Profit FY2017 : 423.79 MB Net Profit FY2018 : 358.62 MB Net Profit /Total Revenue : -1.56% YoY
318.31 405.91 466.71 709.42
11.45% 4.73% 9.61% 5.89% 67.06% 70.54% 69.10% 69.64% 15.46% 13.62% 11.92% 10.65% 2.32% 7.73% 7.54% 8.09% 3.72% 3.38% 1.82% 5.74% 100 200 300 400 500 600 700 800 FY2016 FY2017 FY2018 FY2019 (Budget)
Millions Baht
Land and Building Machinery and Tool/Factory equipment Molds Others Subsidiaries
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Part1: ABOUT IRC
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
Investment Proportion
52.00% 14.98% 27.52% Machinery and Tool/Factory equipment : 494 MB
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Part1: ABOUT IRC
18.70 14.65 14.54 12.64 9.77 8.37 10.37 8.10 6.89
FY2016 FY2017 FY2018
Gross Profit Margin EBITDA Margin Net Profit Margin Remark : Average from Automotive Industry in SET
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
Profit Ratio(%) Statement of financial status ROA(%) ROE(%) D/E
4,272 1,072 3,201 4,632 1,215 3,417 5,058 1,462 3,596
2,000 3,000 4,000 5,000 6,000
Total Assets Total Liabilities Total Shareholders' Equity
FY2016 FY2017 FY2018 Net Profit Margin
9.20% 5.24% 20.33% 12.02% 9.15% 5.91% 5.48% 5.89% 4.28% 0% 4% 8% 12% 16% FY2016 FY2017 9M/FY2018 IRC Industry Average
16.05% 12.40% 8.12%
7.41% 7.40% 5.22% 0% 4% 8% 12% 16% 20% FY2016 FY2017 9M/FY2018 IRC Industry Average 0.33 0.36 0.37 0.56 0.63 0.66 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 FY2016 FY2017 9M/FY2018 IRC Industry Average
(Million Baht)
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Part1: ABOUT IRC
FY2017 0.8476 FY2018 0.8965
942.94
25.58 202.40 227.98 227.98
178.26 227.98 406.23 406.23 702.74 748.17
416.74 406.23 822.97 822.97 701.04
Unit : Million Baht
Statement of Cash flow CF from Operating Activities CF from Investing Activities CF from Financing Activities Net Increase in Cash Cash, Beginning Balance Ending Balance Cash and cash equivalent Available for sale investments
FY2016 FY2017 FY2018
Part 2. IRC PERFORMANCE : FINANCIAL HIGHLIGHT
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U.S. China Trade war Electric Vehicle (EV) Climate Change CP-TPP Free Trade Agreement Thailand 4.0
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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Part1: ABOUT IRC
manufacturers have been declined.
export mainly in Asia.
Company Strategy
efficient.
the production process
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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U.S. China Trade war Electric Vehicle (EV) Climate Change CP-TPP Free Trade Agreement Thailand 4.0
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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Part1: ABOUT IRC
electric vehicle market in Thailand will have outstanding growth rates over the next 15-20 years.
Company Strategy
systems
market to other industries.
(Internal Combustion Engine Vehicles :ICV) (Hybrid Electric Vehicles : HEV) (Electric Vehicles : EV)
2018 2030
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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Part1: ABOUT IRC
Company Strategy
Hose Air Intake Engine Mount Shield Fuel Tank
To research and develop work that can support the EV system. To maintain existing customer and expand market to other industries Thailand Automotive Institute (TAI) expects Thailand ‘s EV market will growth in the next 15-20 years. Our company will affect not so much because of our main customer isn’t a passenger car but it’s a truck and pickup. Truck and pickup will have to take longer time to convert to EV. Some parts will be extinct on EV such as Hose Air Intake, Engine Mount and Shield Fuel Tank
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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U.S. China Trade war Electric Vehicle (EV) Climate Change CP-TPP Free Trade Agreement Thailand 4.0
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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Part1: ABOUT IRC
To develop products that benefit to the climate change
the environment
ผลิตภัณฑ์ยางจากน ้ามันจากเมล็ดฝ้าย (Rubber Product made from Linseed oil) สูตรยางคอมปาวด์จาก Eco-Carbon Black (Eco-Carbon Black in rubber formula)
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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U.S. China Trade war Electric Vehicle (EV) Climate Change CP-TPP Free Trade Agreement Thailand 4.0
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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Part1: ABOUT IRC
which consists of eleven country namely; Australia, Brunei, Canada, Chile, Japan, Malaysia Mexico, New Zealand, Peru, Singapore, and Vietnam
reduced. Opportunities and Risks
The Company’s Strategy
trustworthy, quality, service, as well as the development of new products The Company’s Strategy
Technologies, and Digital to integrate into the process
Part 2. IRC PERFORMANCE : EXTERNAL IMPACTS
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Part 2. IRC PERFORMANCE : CSR Projects
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Part 2. IRC PERFORMANCE : CSR Projects
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Part1: ABOUT IRC
Supply Chain Development for Competitiveness 2019 Plan
To foster the competitiveness of IRCT-Supply Chains (15 SMEs)
Objectives
Part 2. IRC PERFORMANCE : CSR Projects
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Part 2. IRC PERFORMANCE : CSR Projects
INOUE RUBBER (THAILAND) PUBLIC COMPANY LIMITED
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Part1: ABOUT IRC
HAI ACHEEP HAI CHEEVIT (since 2013) 2019 Plan
Organize HAI ACHEEP HAI CHEEVIT training course in the Factory to the wardens and prisoners.
Objectives
Part 2. IRC PERFORMANCE : CSR Projects
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Part 2. IRC PERFORMANCE : CSR Projects
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Part1: ABOUT IRC
Klong pang model (since 2016)
the cooperative and business sector.
Company sold to the Klong Pang's farmers, and to be prouded of the products from Klong Pang Rubber Plantation, which are parts of the MAXING, IRC's tire brand.
as selling tires & tubes at special price to the members.
to improve the operation.
track the legitimacy of the rubber sources since IRC promotes the rubber that come from legal forest area.
Objectives 2019 Plan
Part 2. IRC PERFORMANCE : CSR Projects
Disclaimer: The information, forecasts and projects contained herein this presentation reflect the Company’s current views. No assurance is given that the future events will occur, that projections will be achieved, or that the Company’s assumptions are correct. Except as otherwise provided herein, this document does not constitute an offer to sell or purchase any security or engage in any transaction.
Contac act t Investor tor Rela lati tions
Email il: : ir@ircthailand.com Tel: l: +66 2996-0890 (Ext.190) Websit site: www.ircthailand.com Contac act t Sales (Motor
ycle Tires & Tubes bes) Email il: : sale_rs@ircthailand.com Tel: l: +66 2996-0890 Contac act t Sales (Indust dustri rial al Elas asto tome mer Prod
ts) Email il: : marketing@ircthailand.com Tel: l: +66 2996-1471
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