SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN… … ... To Become the Auto Parts Manufacturing Leader in ASEAN 1Q09 Operating Results 1Q09 Operating Results nd June 2009 2 2 nd June 2009
Agenda • Industry Overview • Group Business • Performance Review • Future Outlook • Appendices
Thailand Car Production & Sales Thousand units 1,600 1,394 1,287 1,188 1,080 Asia’s 1,125 (- 22.5%) 1,200 Recovery 928 836 (-40%) 775,652 751 592,000 800 Asia Financial 682,161 690,100 (-24% ) Crisis of 703,261 585 1997-98 626,026 631,251 615,270 459 538,966 412 533,176 363,156 488,000 296,985 440,705 400 409,362 360 (-21%) 262,189 327 332,053 181,471 144,065 218,330 235,122 158 175,299 152,835 125,702 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 Estimated by SAT Source: 1997-2008 Federation of Thai Industry 3
4M09 Car Production & Sales April 2009 Production Sales 4M09 Production Sales (By Type) Units % Growth Units % Growth (By Type) Units % Growth Units % Growth Domestic P/C 12,887 10.4% 16,361 0.2% Domestic P/C 47,291 -29.5% 61,724 -15.8% P/U 11,264 -64.1% 21,065 -39.6% P/U 33,510 -75.9% 76,460 -40.6% Others 830 -43.5% 2,287 -35.2% Others 4,314 -34.4% 9,303 -35.3% Total Domestic 24,981 -43.9% 39,713 -27.4% Total Domestic 85,115 -60.0% 147,487 -31.9% Export P/C 5,972 -57.1% 5,972 -57.1% Export P/C 26,948 -55.4% 26,948 -55.4% P/U 22,691 -41.8% 22,691 -41.8% P/U 140,553 -26.0% 140,553 -26.0% Total Export 28,663 -45.8% 28,663 -45.8% Total Export 167,501 -33.1% 167,501 -33.1% Total P/C 18,859 -26.3% 22,333 -26.2% Total P/C 74,239 -41.8% 88,672 -33.7% P/U 33,955 -51.8% 43,756 -40.7% P/U 174,063 -47.1% 217,013 -31.9% Others 830 -43.5% 2,287 -35.2% Others 4,314 -34.4% 9,303 -35.3% Grand Total 53,644 -45.0% 68,376 -36.5% Grand Total 252,616 -45.4% 314,988 -32.5% 2009 vs 2008 Jan Feb Mar Apr 4M09 Production Sales %Domestic Sales Growth -29.8% -30.7% -37.8% -27.4% (By Brand) Units % Growth Units % Growth %YTD Dom Sales Growth -29.8% -30.3% -33.4% -31.9% Toyota 109,202 -44.0% 128,280 -29.6% %Export Sales Growth -15.5% -32.5% -38.6% -45.8% Isuzu/GM %YTD Exp Sales Growth 30,023 -62.0% 45,925 -42.5% -15.5% -24.5% -29.7% -33.1% Mitsubishi % Total Sales Growth -21.8% -31.7% -38.2% -36.5% 27,953 -45.7% 36,318 -31.3% %YTD Total Sales Growth -21.8% -27.0% -31.4% -32.5% Honda 35,730 -23.9% 38,562 -26.7% %Production Growth -33.0% -50.6% -51.1% -45.0% Nissan 14,602 -47.0% 18,791 -32.9% %YTD Prod Growth -33.0% -42.4% -45.6% -45.4% AAT (Ford&Mazda) 26,539 -38.9% 29,466 -29.6% Others 8,567 -56.7% 17,646 -40.2% Total 252,616 -45.4% 314,988 -32.5% Source: TAIA 4
4M09 Car Production & Sales Overview 500,000 Units Passenger 16% 463,076 Exp Sales Pick Up & PPV 400,000 84% -45.4% Passenger 300,000 42% Others 250,450 Dom 6% 252,616 Sales 216,457 Pick Up & PPV 200,000 52% 167,501 147,487 -33.1% -31.9% 100,000 Passenger 29% Prod Others 2% Pick Up & PPV 69% 0 4M08 4M09 Production Domestic Sales Export Sales Source : TAIA (pls. find details on page 32) 5
4M09 Car Production by Type & Brand 500,000 Units 6,575 Nissan 5% Mitsubishi 1% Toyota 41% 127,511 400,000 P/C Others 5% Honda 48% 300,000 4,314 74,239 - 200,000 4 Isuzu 1 . AAT 8 % 17% 15% 328,990 Mitsubishi P/U 16% Nissan 6% 174,063 &PPV 100,000 -47.1% Toyota 45% 0 4M08 4M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 32) 6
4M09 Domestic Car Sales by Type & Brand 250,000 Mitsubishi 1% Nissan 3% Units 14,382 Mazda 2% Honda 41% Others 200,000 9% P/C 73,286 9,303 Toyota 43% 150,000 61,724 Nissan 7% % 100,000 - 1 6 5 . 8 i % h s Toyota i b 128,789 u s 40% t i M P/U AAT 5% &PPV 76,460 50,000 Isuzu -40.6% 42% 0 4M08 4M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 32) 7
4M09 Export Car Sales by Type & Brand 300,000 Mitsubishi 1% Units Others 3% Toyota 37% 250,000 Nissan 9% P/C 60,426 200,000 Honda 50% 26,948 - 5 150,000 5 . 4 % 190,024 AAT Isuzu 18% 140,553 100,000 10% P/U Mitsubishi &PPV Nissan 6% 22% -26.0% 50,000 Toyota 44% 0 4M08 4M09 Pickup & PPV Passenger Car Source : TAIA (pls. find details on page 32) 8
4M09 Export Car Sales Destinations 250,450 775,652 167,501 Units Units Units % 100% 7% Europe (-65%) 13% 14% 8% Africa (-23%) 7% 7% 8% Central&S. America (-58%) 12% 75% 13% 22% Aus, NZ & Oceania (-44%) 24% 26% 50% 22% Asia (-37%) 24% 24% 25% 33% Middle East (+ 31%) 21% 17% 0% 4M08 2008 4M09 Source: TAIA 9
Eco-car Projects Update Carmakers OEM Update SBG’s Order Progress • Land purchased but factory construction to be postponed another year Suzuki • RFQ received • Launching year may be postponed from 2010 to 2011 • Disc Brake: confirmed • Drum Brake: await drawing • Launching to postpone from 10/2010 to Honda • Coil Spring (Rear) : RFQ submitted (high 3/2011 possibility) • Stabilizer Bar: RFQ submitted • Front & Rear spring confirmed • Project remains on track Nissan • RFQ of another model from Japan • Expected to be first launcher ~ Feb 10 submitted (to launch ~ May 10) • Insist to proceed eco-cars, but postpone Mitsubishi • Drawing expected ~ Mid 09 • 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 (2010) Toyota • Project will go as plan (2012) • Waiting for Drawing AAT • 2-Week temporary shutdown expected in Feb 09 to setup machinery (postponed • SBG’s technology does not support this (B Car) from 4Q08) model • Progress as plan; launch ~ 4Q09 10
Thai Export Destination in Prospect Previous Projection Latest 2009E Economic growth 2009E GDP Growth GDP Growth from 2008 Global 0.5% 0.5% -2.9% USA -1.6% -2.8% -3.9% Euro area* -2.0% -4.2% -5.1% Japan -2.6% -6.2% -5.6% China 6.7% 6.5% -2.5% India 5.1% 4.5% -2.8% ASEAN-5* 2.7% 0.0% -4.9% Australia* 0.5% -1.4% -3.5% Middle East* 3.9% 2.5% -3.4% South America & Mexico* 3.1% -1.6% -5.8% Central America* 4.2% 1.1% -3.2% Africa* 6.0% 2.0% -3.2% Thailand* * 4.0% -3.0% -5.6% * Vehicle export destinations of Thailand Sources : IMF (World Economic Outlook Update, April 2009) 11 * Latest forecast by its central bank, January 2009 * * Latest forecast by NESDB
2009 Global Auto Sales Region Jan. Feb. Mar. Apr. Germany* -14.0% 21.0% 40.0% 19.4% France* -7.9% -13.1% 8.1% -7.0% UK* -31.0% -22.0% -30.5% -24.0% Spain* -41.6% -48.8% -38.7% -45.6% Italy* -33.0% -24.5% 0.2% -7.5% Belgium* -15.9% -18.0% -9.5% -11.9% USA -30.0% -40.0% -37.0% -35.0% Canada -25.0% -27.7% -15.0% -17.8% Brazil* -8.0% -0.7% 17.0% -10.3% South Africa* -35.4% -36.0% -30.3% -43.0% Australia* -18.5% -21.9% -17.1% -23.9% Japan -28.0% -32.4% -31.5% -28.6% Korea -35.4% -36.0% -30.3% -43.0% China -14.4% 33.0% 5.0% 25.0% Taiwan -41.6% -19.6% -29.2% Indonesia* -23.7% -27.4% Malaysia* -17.5% -5.0% -4.8% -28.6% India -17.3% 3.0% 1.0% 4.2% Thailand -29.8% -30.7% -37.8% -27.4% * Vehicle export destinations of Thailand Source : Web news, Marklines, ARA, FCIA 12
Agenda • Industry Overview • Group Business • Performance Review • Future Outlook • Appendices
Market Share of Product Champions Rear Axle Shaft Y08 = 86 % Rear Axle Shaft Y08 = 86 % Customer Model Other Toyota (100%) Fortuner, Vigo SAT Mitsubishi (100%) Triton, 3E45 5% Market share AAT (Mazda & Ford) (100%) BT-50, Ranger Q1’09 SMT 89% Isuzu (70%) D-Max 4x4, 2x4 , 4x2 (3,000cc. Only), MU-7 6% Pickup car Customer Model Mitsubishi (29%) Lancer (Rear) Coil Spring Y08 = 28 % Coil Spring Y08 = 28 % Other Toyota (10%) Camry (Rear) 1% Honda (26%) (Accord excluded) Jazz, City (Rear) Nissan (9%) New Teana (Front) Passenger car BSK Market share NHK Customer Model Q1’09 38% 61% Toyota (59%) Fortuner, Vigo 4x4 Mitsubishi (100%) Triton, 3E45 Pickup car 14
Market Share of Product Champions Leaf Spring Y08 = 17% Leaf Spring Y08 = 17% Customer Model Mitsubishi (100%) Ot her Triton 1% Pickup car BSK BSK NHK 3 5 % 6 4 % NHK Market share 15% Customer Model Q1’09 85% Hino (2%) Bus Mitsubishi Fuso Truck (88%) Trucks Commercial car Customer Model Stabilizer Bar Y08 = 35% Stabilizer Bar Y08 = 35% Mitsubishi (29%) Lancer Honda (52%) Jazz/City (FR) / Accord (RR) Other Toyota (20%) New Altis (FR) 1% BSK Passenger car 40% Market share Customer Model NHK Q1’09 Toyota (56%) Fortuner, Vigo 4x4 59% Mitsubishi (100%) Triton, 3E45 Nissan (90%) LCV 4x2, Navara Pickup car 15
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