[PPT] - SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN PowerPoint Presentation

SLIDE 1

SAT SAT

... To Become the Auto Parts Manufacturing Leader in ASEAN ... To Become the Auto Parts Manufacturing Leader in ASEAN… …

1 1st

st December 2009

December 2009

SLIDE 2

Agenda

Industry Overview Group Business Performance Review Future Outlook Appendices

SLIDE 3

Thailand Car Production & Sales
(0 33%)
(030%)
(034% )
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SLIDE 4

2009 Monthly Car Production & Sales

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SLIDE 5

2009 Monthly Car Production & Sales Growth

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SLIDE 6

10M09 Car Production & Sales Overview

1,193,088 766,671 510,200 419,755 666,462 423,331

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78
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Prod Dom Sales Exp Sales

Pick Up & PPV 80% Passenger 20% Pick Up & PPV 51% Passenger 43% Others 6% Pick Up & PPV 67% Passenger 32% Others 2%

SLIDE 7

10M09 Car Production by Type & Brand

835,051 511,523 243,273 342,641 11,875 15,396 200,000 400,000 600,000 800,000 1,000,000 1,200,000

10M08 10M09 Pickup & PPV Passenger Car Others

6

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P/U &PPV P/C

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SLIDE 8

10M09 Domestic Car Sales by Type & Brand

) 8 : 8 32*8 8 ;8 ) 8 < 8 5* 8 193,480 281,485 212,585 180,804 35,235 26,366

100,000 200,000 300,000 400,000 500,000 600,000

10M08 10M09

Pickup & PPV Passenger Car Others

6

7
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78

P/U &PPV P/C

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SLIDE 9

10M09 Export Car Sales by Type & Brand

147,759 339,573 518,703 83,758

100,000 200,000 300,000 400,000 500,000 600,000 700,000

10M08 10M09

Pickup & PPV Passenger Car 6

78
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P/U &PPV P/C

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SLIDE 10

10M09 Export Car Sales Destinations

25% 24% 27% 25% 24% 27% 19% 21% 27% 12% 12% 7% 7% 7% 6% 13% 13% 6%

0% 25% 50% 75% 100%

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SLIDE 11

2009 Monthly Export Destination Sales Growth

78 78

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78 78 78

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SLIDE 12

Industry Growth vs SBG’s Performance

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SLIDE 13

Eco0car Projects Update

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SLIDE 14

2009 Global Auto Sales Growth

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Unit: %yoy Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct Germany*

78

78 78 78 78 78 78 78 78 78 France*

78
78

78

78

78 78 78 78 78 78 UK*

78 -78 -78 -78 -78 -78

78 78 78 78 Spain*

78 -78 -78 -78 -78 -78 -78

78 78 78 Italy*

78 -78

78

78
78

78 78 78 78 78 Belgium*

78 -78
78
78 -78 -78
78
78
78
78

USA

78 -78 -78 -78 -78 -78 -78

78

78

78 Canada

78 -78 -78 -78 -78 -78
78
78
78
78

Brazil*

78
78

78

78

78 78

78

78 78 78 South Africa*

78 -78 -78 -78 -78 -78 -78
78
78
78

Australia*

78 -78 -78 -78 -78
78
78
78
78

78 Japan

78 -78 -78 -78 -78 -78
78

78 78 78 China

78

78 78 78 78 78 78 78 78 78 Taiwan

78 -78 -78

78 78 78 78 Indonesia*

78 -78 -78 -78 -78 -78 -78
78
78
78

Malaysia*

78
78
78
78
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78

78

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78 India

78

78 78 78 78 78 78 78 78 78 Thailand

78 -78 -78 -78 -78 -78
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SLIDE 15

FTA Timeframe: Automotive

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SLIDE 16

Effect from AFTA Overview: Automotive

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CONS PROS

SLIDE 17

AFTA: Tariff on SBG’s Products

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2009 (Current) 2010

AFTA Tariff

Company Product 0% 5% 0% 0% 5% 5% 0% SAT 0% Axle Shaft Stabilizer Bar 0% SBM Leaf Spring 0% BSK Exhaust Manifold 0% 0% 0% Coil Spring 0% Fly Wheel Disc Brake, Drum Brake

SLIDE 18

Agenda

Industry Overview Group Business Performance Review Future Outlook Appendices

SLIDE 19

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Market Share: Axle Shaft & Coil Spring

SLIDE 20

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Market Share: Leaf Spring & Stabilizer Bar

SLIDE 21

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Market Share: Disc Brake & Drum Brake

SLIDE 22

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Market Share: Exhaust Manifold

SLIDE 23

;.+%)O*7H!*

60% 55% 65% 65% 68% 45% 68% 40% 57%

2009E %utilization

1,500 11,000 46,000 95,000 100,000 109,000 255,000 240,000

Capacity

/%0

2009 4Q09E %utilization %utilization Capacity

/%0

2008 Production Volume /3*0

86% 80% 95% 89% 75% 65% 79% 60% 90% 1,500 11,000 46,000 95,000 100,000 109,000 255,000 210,000 80% 70% 85% 85% 90% 60% 90% 50% 77% Leaf Spring /0 Axle Shaft Coil Spring Exhaust Manifold Drum Brake I4*6: Fly Wheel Stabilizer Bar Disc Brake

Revised Full Capacity and Utilization Rate

SLIDE 24

Kubota Orders (for next 3 years)

Kubota Projects BU Capex Amount Sales @Full0 Run Yr /A!0 2009 2010 2011 2012 /A!0 P< "A3 146 2

P<

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Total Capex/ Sales (Bt mn)

768 250 650 1,250 1,400 1,600 11.2 71 105 228 Mass0Run Period/ Sales Projection 9

%/0
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SLIDE 25

Parts for Kubota: Tractor
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A)@%/+43*40 ')A/440 $"*,/443*40 @%/)0

SLIDE 26

Parts for Kubota: Harvest Machine

SLIDE 27

Agenda

Industry Overview Group Business Performance Review Future Outlook Appendices

SLIDE 28

3Q08

2Q09 3Q09 YoY QoQ 9M08 9M09 YoY Sales 1,575.4 814.9 1,135.8 027.9% 39.4% 4,374.9 2,889.6 034.0% Total Revenue 1,594.4 837.2 1,137.0 028.7% 35.8% 4,448.1 2,929.3 034.1% GP 322.9 100.9 215.1 033.4% 113.1% 926.3 446.0 051.8% SG&A 99.4 87.3 95.5 03.9% 9.4% 271.5 264.4 02.6% EBIT 245.1 33.1 131.0 046.6% 296.0% 749.4 223.5 070.2% EBITDA 334.4 137.8 239.0 028.5% 73.5% 1,012.5 538.1 046.9% NOPAT 212.0 30.4 123.8 041.6% 307.8% 631.8 211.2 066.6% Net Profit 183.3 1.3 97.2 047.0% 7280.9% 534.7 123.9 076.8% Total Assets 6,308.2 5,741.1 5,952.6 05.6% 3.7% 6,308.2 5,952.6 05.6%

Int. Bearing Debt

2,423.0 2,501.4 2,379.5 01.8% 04.9% 2,423.0 2,379.5 01.8% Total Liabilities 3,765.4 3,158.4 3,274.5 013.0% 3.7% 3,765.4 3,274.5 013.0% Equity 2,542.8 2,582.8 2,678.1 5.3% 3.7% 2,542.8 2,678.1 5.3% Interest Exp 28.7 29.0 26.6 07.5% 08.4% 97.2 87.3 010.1% Depreciation 89.2 104.7 108.1 21.1% 3.2% 263.1 314.7 19.6% CAPEX 403.2 237.7 43.9 089.1% 081.5% 683.3 366.5 046.4% Effective Tax Rate 15.3% 67.3% 6.8% 18.0% 9.0%

Financial Highlights

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SLIDE 29

3Q08

2Q09 3Q09 9M08 9M09

GPM

/80

20.50 12.39 18.94 21.17 15.44 EBITDAM

/80

20.97 16.46 21.02 22.76 18.37 NPM

/80

11.49 0.16 8.55 12.02 4.23 ROA /:0

/80

12.56 0.09 6.34 13.35 2.87 ROFA /:0

/80

29.77 10.81 20.17 32.54 14.90 EBITDA/CAPEX

/!0

0.83 0.58 5.45 1.48 1.47 ROE/:0

/80

31.61 0.21 14.89 31.73 6.55 ROCE /:0

/80

23.34 3.19 11.63 23.79 6.62 ROIC /:0

/80

17.81 2.46 10.07 17.69 5.73 IBD/Equity

/!0

0.95 0.97 0.89 0.95 0.89 DER

/!0

1.48 1.22 1.22 1.48 1.22

Int. Coverage

/!0

11.63 4.74 8.99 10.42 6.16 EPS

/A70

0.61 0.00 0.32 1.78 0.41 BVPS

/A70

8.48 8.61 8.93 8.48 8.93

Key Financial Ratios

SECTOR => SAT, AH, STANLY, YNP, TSC

7

7

7

7

SLIDE 30

Sales Breakdown

31% 29% 30% 32% 33% 11% 14% 13% 10% 11% 11% 12% 12% 11% 10% 5% 4% 4% 3% 3% 4% 4% 3% 3% 3% 7% 7% 7% 8% 8% 25% 25% 23% 26% 24% 6% 7% 7% 6% 7%

0% 25% 50% 75% 100%

3Q08 4Q08 1Q09 2Q09 3Q09

! 8 5#3 8 Axle Shaft Leaf Spring Disc & Drum Brake Exhaust Manifold Fly Wheel (+Comp) Stabilizer Bar Coil Spring Others

(i.e. Big Hub, Bracket, Timing Cover, Camshaft)

A7!

H6

M 8

SLIDE 31

Customer Base

34% 32% 25% 21% 23% 21% 23% 25% 27% 26% 8% 8% 8% 8% 7% 4% 4% 7% 26% 26% 26% 23% 26% 9% 7% 6% 8% 7% 5% 5% 5% 5% 5%

0% 25% 50% 75% 100% 3Q08 4Q08 1Q09 2Q09 3Q09

Mitsubishi Toyota Honda Isuzu AAT Others

A7!

Kubota

SLIDE 32

Agenda

Industry Overview Group Business Performance Review Future Outlook Appendices

SLIDE 33

Incremental Back Orders 200902017

Eco car Confirmed on 50door model 1Q10 240 (5) Nissan

/'+"%40

Confirmed 1Q11 150 (5) Honda

/ AC !AC0

Confirmed 4Q09 1,820 (6) Kubota, Thailand

/,2)K2*0

Rotary Blade Axle Shaft Confirmed 4Q09 610 (6) Kubota, Thailand

/,2)K2*0

PPAP* ~ Jun 10 Oct 11 1,190 (7) American Axle, Thailand

/,?32)?3*0

Mass Run 4,010 Total Progress Total Sales (Bt.mn) (yrs) Backlogs L.%%(

SLIDE 34

Potential Orders

Await quotation & production trial 2010 354,900 (5) (Bt 880 mn) Hino, Memphis_USA

/,44%,)6"0

Sample approved; to confirm by Dec 09 April 10 88,000 (5) (Bt 130 mn) Toyota, Thailand

/, 3M2))0

Await quotation & production trial 2010 76,000 (5) (Bt 475 mn) IGP, Indonesia

/,C2)?0

Coil Spring Price confirmed; await 2nd production trial / % %0 2010 285,740 (5) (Bt 766 mn) Hino, Long Beach_USA

/,44%,)6"0

Postpone from Jun 09; await volume recovery Sep 10 190,000 (5) (Bt 900 mn) American Axle, Thailand

/,3M2)MI3$?3A:0

Axle Shaft Mass Run 3,151 Total Progress Pcs./yr (yrs) (Total Sales ) Customer

SLIDE 35

200902010F Capital Expenditures

Unit: Baht Million

Capex Amount

R&D (SBM)

32.1

Machinery

32.1

R&D (BSK)

46.0

Machinery

46.0

Kubota (10 new parts, 50K)

76.0

Machinery

76.0

Oct009 Kubota (Rotary Blade)

105.0

Foundation

8.0 97.0

Dec009 Kubota (Axle Shaft)

70.7

Machinery

70.7

Dec 09 Kubota (Front Diff Case Assy)

11.2

Machinery

11.2

Jan010 Committed projects from 2008

98.8 98.8

Normal CAPEX

137.0 137.0

Total Amount

576.8

479.8

97.0

Loans

274.2
Internal Cash Flow

205.6

Kubota Axle Assy

121.0

Machinery

121.0

Sep010 Kubota Step2 (180part expansion)

228.0

Machinery

228.0

Aug010 Kubota Combine Blade

10.2

Machinery

10.2

Jun010 Nissan Bracket Injection Pump

60.0

Machinery

60.0

Feb010 Hino Hub

27.9

Machinery

27.9

2010 Building

96.0

Building

52.0 44.0

Land

102.2

Land

60.2 42.0

Total Amount

645.3

656.3

86.0

Loans

426.9

Internal Cash Flow

229.3 Payment Plan in 2010 Payment Plan in 2010 Payment Plan in 2011 Mass Production 2010 Projects Description Capex Amount Payment Plan in 2009 Mass Production 2009 Projects Description

SLIDE 36

Agenda

Industry Overview Group Business Performance Review Future Outlook Appendices

SLIDE 37

Details of 10M09 Thailand Car Production & Sales

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10M08 10M09 ∆ >

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5

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YTD

78

10M08 10M09 ∆ >

78

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78

>

78

>

78

YTD

78

10M08 10M09 ∆ >

78

>

78

>

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5

78

YTD

78

10M08 10M09 ∆ >

78

>

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5

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YTD

78

Export Sales Production Total Sales Domestic Sales

6 8 6 8 8?@* C-% )

8
8
78

:

8
8
78
8
8
78

32*

8
8
78

;

8
8
78

5*

8
8

78 Total P/U 835,051 8 511,523 8

78

4 )

8
8
78

<

8
8
78

;

8
8
78

32*

8
8
78

3:

8
8

7 5*

8
8
78

Total P/C 342,641 8 243,273 8

78

5* <

8
8
78

:/C0

8
8
78

32*/C0

8
8
78

;

8
8
78

5*/47MA

8
8
78

Total Others 15,396 8 11,875 8

78

1,193,088 766,671

78

Production (YoY) 10M08 10M09 6 8 6 8 8?@* C-% )

8
8
78

:?3

8
8
78

;

8
8
78

32*

8
8
78
8
8
78

5*

8
8

78 Total P/U 281,485 8 212,585 8

78

4 )

8
8
78

<

8
8
78

;

8
8

78 3:

8
8

78 32*

8
8
78

5*

8
8
78

Total P/C 193,480 8 180,804 8

78

5* Total Others 35,235 26,366

78

510,200 419,755

78

Domestic Sales (YoY) 10M08 10M09 6 8 6 8 8?@* C-% )

8
8
78
8
8
78

32*

8
8
78

:?3

8
8
78

;

8
8
78

Total P/U 518,703 8 339,573 8

78

4 )

8
8
78

<

8
8
78

;

8
8

78 32*

8
8
78

5*/?3A!@

8
8
78

Total P/C 147,759 8 83,758 8

78

666,462 423,331

78

10M08 10M09 Export Sales (YoY)

SLIDE 38

Group Development
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1975 1977 1995 2002 2004 2005 2007

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SLIDE 39

Group Structure and Business

SAT

/6%!20

SBM

/6%!20

BSK

/6%!20

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/6%!20

9!"!2

/6%!20

;*2"!2!(

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/6%!20 100% 100% 21.25% 20.00% 2.90% 1.80%

"!2<4 8 K%*!) 8 *#J) 8 5* 8

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"4+!!2) I!%!2) 5!% A1 '# 5C' "2:GC4 AC")! +4 /'H"0

ICP

/6%!20 100%

SLIDE 40

Certificates and Awards
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SBG SBG

# # #

SLIDE 41

Thank You Thank You

Somboon Advance Technology Public Company Limited –Investor Relations Department 7 Q -$7Q -#!.R!277**%.HH@@@7%77*

Questions and Answers

SLIDE 42

SET Awards 2009
บรรษัทภิบาลดีเดน (Top Corporate

Governance Report Awards)

บริษัทจดทะเบียนดีเดนดานนักลงทุนสัมพันธ

(IR Excellent Awards)

ประกาศนียบัตร บริษัทจดทะเบียนดีเดนดาน

CSR (Nominated for Corporate Social Responsibilities Awards)

คณะกรรมการแหงป – ดีเดน ประจําป

2551/52 (Board of the Year for Distinctive Practices) 2)*,

**+*!2,+!!** ACB7*G+!% ,*+%3C54:"#