SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN… … ... To Become the Auto Parts Manufacturing Leader in ASEAN 2Q09 Operating Results 2Q09 Operating Results th August 2009 28 th August 2009 28
Agenda • Industry Overview • Group Business • Performance Review • Future Outlook • Appendices
Thailand Car Production & Sales Thousand units 1,600 1,394 1,287 1,188 Asia’s 1,125 1,200 Recovery 940 (- 33%) 928 775,652 751 800 Asia Financial 690,100 682,161 510,000 Crisis of (-34% ) 703,261 585 1997-98 626,026 631,251 615,270 459 538,966 412 533,176 363,156 296,985 440,705 400 409,362 360 430,000 262,189 327 (-30%) 332,053 181,471 144,065 218,330 235,122 158 175,299 152,835 125,702 67,857 42,218 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009F Actual Production TAI & FTI Prod Forecast Domestic Sales Export Sales Source: 1997-2008 Federation of Thai Industry 3
6M09 Car Production & Sales (units) 2009 Sales Jan Feb Mar Apr May Jun Jul June 2009 Production Sales Dom P/C 13,912 14,587 16,864 16,361 17,927 19,340 (By Type) Units % Growth Units % Growth P/U 16,222 17,563 21,610 21,065 20,209 21,498 Dom Sales Domestic P/C 18,323 -23.3% 19,340 -9.2% 32,085 34,361 41,328 39,713 40,539 43,402 43,156 Exp SP/C 8,945 5,721 6,310 5,972 7,390 9,111 P/U 19,789 -50.4% 21,498 -15.7% P/U 40,509 38,888 38,465 22,691 24,523 26,292 Others 1,202 -32.9% 2,564 -22.8% Exp Sales 49,454 44,609 44,775 28,663 31,913 35,403 Total Domestic 39,314 -40.0% 43,402 -13.4% Export P/C 9,111 -39.6% 9,111 -39.6% Jan Feb Mar Apr May Jun Jul %Growth P/U 26,292 -47.3% 26,292 -47.3% Dom Sales -29.8% -30.7% -37.8% -27.4% -26.2% -13.4% -3.6% Total Export 35,403 -45.5% 35,403 -45.5% YTD -29.8% -30.3% -33.4% -31.9% -30.7% -28.0% -25.0% Total P/C 27,434 -29.6% 28,451 -21.8% Exp Sales -15.5% -32.5% -38.6% -45.8% -54.4% -45.5% P/U 46,081 -48.7% 47,790 -36.6% YTD -15.5% -24.5% -29.7% -33.1% -37.8% -39.1% Others 1,202 -32.9% 2,564 -22.8% Total Sales -21.8% -31.7% -38.2% -36.5% -42.0% -31.5% Grand Total 74,717 -42.8% 78,805 -31.5% YTD -21.8% -27.0% -31.4% -32.5% -34.5% -34.0% 6M09 Production Sales Production -33.0% -50.6% -51.1% -45.0% -50.8% -42.8% (By Type) Units % Growth Units % Growth YTD -33.0% -42.4% -45.6% -45.4% -46.6% -45.9% Domestic P/C 79,609 -27.5% 98,991 -15.2% 6M09 Production Sales P/U 68,267 -68.1% 118,167 -35.7% (By Brand) Units % Growth Units % Growth Others 6,392 -37.0% 14,270 -32.3% Toyota 172,395 -42.2% 192,447 -31.6% Total Domestic 154,268 -53.8% 231,428 -28.0% Isuzu/GM 49,320 -60.0% 67,546 -41.9% Export P/C 43,449 -53.4% 43,449 -53.4% Mitsubishi 35,226 -57.1% 45,796 -43.3% P/U 191,368 -34.5% 191,368 -34.5% Honda Total Export 234,817 -39.1% 234,817 -39.1% 55,832 -29.0% 58,773 -28.2% Nissan 24,619 -38.0% 29,618 -20.0% Total P/C 123,058 -39.4% 142,440 -32.1% AAT (Ford&Mazda) 39,227 -42.6% 43,362 -34.0% P/U 259,635 -48.7% 309,535 -35.0% Others 12,466 -57.4% 28,703 -34.5% Others 6,392 -37.0% 14,270 -32.3% Total 389,085 -45.9% 466,245 -34.0% Grand Total 389,085 -45.9% 466,245 -34.0% Source: TAIA 4
6M09 Car Production & Sales Overview 800,000 Units Passenger 19% Exp 700,000 719,189 Sales Pick Up & PPV 81% 600,000 - 4 5 500,000 . Passenger 9 % 43% Others 385,370 Dom 6% 389,085 400,000 Sales Pick Up & PPV 321,475 51% 300,000 234,817 231,428 -39.1% 200,000 -28.0% Passenger 32% Prod Others 100,000 2% Pick Up & PPV 67% 0 6M08 6M09 Production Domestic Sales Export Sales Source : TAIA (pls. find details on page 31) 5
6M09 Car Production by Type & Brand 800,000 Units 10,150 Nissan 6% 700,000 Toyota Mitsubishi 1% 43% 202,983 P/C Others 600,000 5% Honda 500,000 45% 6,392 400,000 123,058 Isuzu -39.4% AAT 300,000 19% 15% 506,056 Mitsubishi P/U 200,000 Nissan 7% 13% &PPV 259,635 -48.7% Toyota 100,000 46% 0 6M08 6M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 31) 6
6M09 Domestic Car Sales by Type & Brand Mitsubishi 1% 21,065 Nissan 4% Mazda 2% 300,000 Units Honda 40% Others 10% 14,270 P/C 250,000 116,701 Toyota 200,000 42% 98,991 150,000 % -15.2% 7 Mitsubishi 5% n a s s 183,709 i N Toyota 41% 100,000 P/U 118,167 AAT 5% &PPV 50,000 Isuzu -35.7% 41% 0 6M08 6M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 31) 7
6M09 Export Car Sales by Type & Brand Mitsubishi 1% 400,000 Units Others 3% Toyota 350,000 93,189 42% Nissan 11% P/C 300,000 Honda 250,000 43% 43,449 - 5 3 200,000 . 4 % 292,181 AAT 150,000 Isuzu 20% 191,368 10% P/U Mitsubishi Nissan 7% 100,000 &PPV 20% - 3 4 . 5 % Toyota 50,000 44% 0 6M08 6M09 Pickup & PPV Passenger Car Source : TAIA (pls. find details on page 31) 8
6M09 Export Car Sales Destinations 385,370 775,652 234,817 Units Units Units % 100% 6% Europe (-68% yoy) 12% 13% 8% Africa (-29% yoy) 7% 7% 7% Central&S. America (-63% yoy) 12% 12% 75% 24% Asia (-41% yoy) 24% 25% 50% 25% Aus, NZ & Oceania (-43% yoy) 24% 27% 25% Middle East (+ 5% yoy) 29% 21% 17% 0% 6M08 2008 6M09 Source: TAIA 9
Eco-car Projects Update Carmakers OEM Update SBG’s Order Progress • 412-rai Land purchased at Hemraj Industrial Park, Rayong Suzuki • Factory construction on process • RFQ received • Launching year may be postponed from 2010 to 2011 • Disc Brake: confirmed • Launching to postpone from 10/2010 to Honda 3/2011 • Drum Brake: confirmed • Platform of 2009 Nissan March/ Micra • Front & Rear Coil Spring: confirmed Nissan • Expected to launch ~ Feb 10 50,000 car production expected in the 1 st • yr, and double in the 2 nd yr • Also export to Japan • Insist to proceed eco-cars, but postpone • Waiting for Drawing Mitsubishi • Launching year may be postponed from 2010 to 2012 • Evaluating industrial estates for 500-rai land for construction of the • Waiting for Drawing TATA manufacturing facility • Project will go as plan (2012) Toyota • Project will go as plan (2012) • Waiting for Drawing AAT • Progress as plan; to launch ~ 4Q09 (B Car) • Already confirmed orders with SBG’s competitor Note: Toyota and Honda are negotiating for lower production requirement from 100K units, 10 Mitsubishi’s negotiating for lower excise tax
2009 Global Auto Sales Growth Unit: % yoy Region Jan. Feb. Mar. Apr. May Jun. Jul. Germany* -14.0% 21.0% 40.0% 19.4% 39.7% 40.5% 29.5% France* -7.9% -13.1% 8.1% -7.0% 11.9% 7.1% 3.1% UK* -31.0% -22.0% -30.5% -24.0% -24.8% -15.7% 2.4% Spain* -41.6% -48.8% -38.7% -45.6% -38.7% -15.9% -11.0% Italy* -33.0% -24.5% 0.2% -7.5% -8.6% 12.4% 6.2% Belgium* -15.9% -18.0% -9.5% -11.9% -21.6% -13.7% -8.5% USA -30.0% -40.0% -37.0% -35.0% -34.0% -28.0% -12.2% Canada -25.0% -27.7% -15.0% -17.8% 1.0% -13.2% 5.5% Brazil* -8.0% -0.7% 17.0% -10.3% 2.1% 17.0% -0.9% South Africa* -35.4% -36.0% -30.3% -43.0% -34.7% -25.8% -27.4% Australia* -18.5% -21.9% -17.1% -23.9% -14.9% -3.5% -10.0% Japan -28.0% -32.4% -31.5% -28.6% -19.4% -13.2% -4.2% South Korea -35.4% -36.0% -30.3% -43.0% -20.1% -30.7% 10.0% China -14.4% 33.0% 5.0% 25.0% 34.0% 36.5% 63.6% Taiwan -41.6% -19.6% -29.2% 25.8% 23.4% Indonesia* -19.6% -20.4% -49.1% -38.5% -34.4% -59.4% Malaysia* -17.5% -5.0% -4.8% -18.2% -8.3% -7.7% India -17.3% 3.0% 1.0% 4.2% 2.5% 7.8% 31.0% Thailand -29.8% -30.7% -37.8% -27.4% -26.2% -13.4% -3.6% * Vehicle export destinations of Thailand Source : Marklines, ARA, FCIA , publications and media sources 11
The Road to Recovery in Auto Industry � � Government’s supports; Government’s supports; scrappage incentive/ tax breaks scrappage incentive/ tax breaks Pull - Down Pull- -Down Down Pull � � Economic recovery Economic recovery � Government’ stimulus package � Government’ stimulus package � Improving CCI and consumer � Improving CCI and consumer spending spending � Travelling/ tourism � Travelling/ tourism � � Higher crop prices Higher crop prices � � New car technology New car technology � Environmentally-friendly � Environmentally-friendly � � Sluggish global economic recovery Sluggish global economic recovery � Energy-saving � Energy-saving � Rising unemployment � Rising unemployment � Decreasing CCI and consumer � Decreasing CCI and consumer spending spending � 2009 Flu Pandemic � 2009 Flu Pandemic � � Stringent loan conditions/ Stringent loan conditions/ Declining availability of loans Declining availability of loans Recovery Recovery Recovery � � Rising oil price Rising oil price 12
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