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

SLIDE 1

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

2 2nd

nd June 2009

June 2009

SLIDE 2

Agenda

• Industry Overview
• Group Business
• Performance Review
• Future Outlook
• Appendices

SLIDE 3

3

Thailand Car Production & Sales

360 158 327 412 459 585 751 928 1,125 1,188 1,287 1,394

836

(-40%)

1,080

(- 22.5%)

363,156 144,065 218,330 262,189 296,985 409,362 533,176 626,026 703,261 682,161 631,251 615,270 488,000

(-21%)

42,218 67,857 125,702 152,835 181,471 175,299 592,000

(-24% )

775,652 235,122 332,053 440,705 538,966 690,100

400 800 1,200 1,600

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009F

Actual Production TAI & FTI Prod Forecast Domestic Sales Export Sales

Asia’s Recovery Thousand units Asia Financial Crisis of 1997-98

Source: 1997-2008 Federation of Thai Industry

Estimated by SAT

SLIDE 4

4

4M09 Car Production & Sales

Source: TAIA

Units % Growth Units % Growth

Domestic P/C 12,887 10.4% 16,361 0.2% P/U 11,264

• 64.1%

21,065

• 39.6%

Others 830

• 43.5%

2,287

• 35.2%

24,981

• 43.9%

39,713

• 27.4%

Export P/C 5,972

• 57.1%

5,972

• 57.1%

P/U 22,691

• 41.8%

22,691

• 41.8%

28,663

• 45.8%

28,663

• 45.8%

Total P/C 18,859

• 26.3%

22,333

• 26.2%

P/U 33,955

• 51.8%

43,756

• 40.7%

Others 830

• 43.5%

2,287

• 35.2%

53,644

• 45.0%

68,376

• 36.5%

Total Domestic Total Export Grand Total April 2009 Production Sales (By Type) Units % Growth Units % Growth

Domestic P/C 47,291

• 29.5%

61,724

• 15.8%

P/U 33,510

• 75.9%

76,460

• 40.6%

Others 4,314

• 34.4%

9,303

• 35.3%

85,115

• 60.0%

147,487

• 31.9%

Export P/C 26,948

• 55.4%

26,948

• 55.4%

P/U 140,553

• 26.0%

140,553

• 26.0%

167,501

• 33.1%

167,501

• 33.1%

Total P/C 74,239

• 41.8%

88,672

• 33.7%

P/U 174,063

• 47.1%

217,013

• 31.9%

Others 4,314

• 34.4%

9,303

• 35.3%

252,616

• 45.4%

314,988

• 32.5%

Total Export Grand Total Production Sales (By Type) Total Domestic 4M09

Jan Feb Mar Apr

%Domestic Sales Growth

• 29.8%
• 30.7%
• 37.8%
• 27.4%

%YTD Dom Sales Growth

• 29.8%
• 30.3%
• 33.4%
• 31.9%

%Export Sales Growth

• 15.5%
• 32.5%
• 38.6%
• 45.8%

%YTD Exp Sales Growth

• 15.5%
• 24.5%
• 29.7%
• 33.1%

% Total Sales Growth

• 21.8%
• 31.7%
• 38.2%
• 36.5%

%YTD Total Sales Growth

• 21.8%
• 27.0%
• 31.4%
• 32.5%

%Production Growth

• 33.0%
• 50.6%
• 51.1%
• 45.0%

%YTD Prod Growth

• 33.0%
• 42.4%
• 45.6%
• 45.4%

2009 vs 2008

Units % Growth Units % Growth Toyota

109,202

• 44.0%

128,280

• 29.6%

Isuzu/GM

30,023

• 62.0%

45,925

• 42.5%

Mitsubishi

27,953

• 45.7%

36,318

• 31.3%

Honda

35,730

• 23.9%

38,562

• 26.7%

Nissan

14,602

• 47.0%

18,791

• 32.9%

AAT (Ford&Mazda)

26,539

• 38.9%

29,466

• 29.6%

Others

8,567

• 56.7%

17,646

• 40.2%

252,616

• 45.4%

314,988

• 32.5%

(By Brand) Total 4M09 Production Sales

SLIDE 5

5

4M09 Car Production & Sales Overview

463,076 252,616 216,457 147,487 250,450 167,501

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

4M08 4M09 Production Domestic Sales Export Sales

Source : TAIA (pls. find details on page 32)

Units

• 45.4%
• 31.9%
• 33.1%

Prod Dom Sales Exp Sales

Pick Up & PPV 84% Passenger 16% Pick Up & PPV 52% Passenger 42% Others 6% Pick Up & PPV 69% Passenger 29% Others 2%

SLIDE 6

6

4M09 Car Production by Type & Brand

328,990 174,063 74,239 127,511 4,314 6,575 100,000 200,000 300,000 400,000 500,000

4M08 4M09 Pickup & PPV Passenger Car Others

Units

• 47.1%
• 4

1 . 8 % Toyota 45% Isuzu 17% Nissan 6% Mitsubishi 16% AAT 15%

P/U &PPV P/C

Honda 48% Toyota 41%

Nissan 5% Mitsubishi 1% Others 5% Source : TAIA (pls. find details on page 32)

SLIDE 7

7

4M09 Domestic Car Sales by Type & Brand

Toyota 40% Isuzu 42%

M i t s u b i s h i 6 %

AAT 5% Nissan 7% Toyota 43% Honda 41% Others 9%

73,286 128,789 76,460 61,724 14,382 9,303

50,000 100,000 150,000 200,000 250,000

4M08 4M09

Pickup & PPV Passenger Car Others

Units

• 40.6%
• 1

5 . 8 %

P/U &PPV P/C

Nissan 3%

Mitsubishi 1% Mazda 2%

Source : TAIA (pls. find details on page 32)

SLIDE 8

8

4M09 Export Car Sales by Type & Brand

60,426 140,553 190,024 26,948

50,000 100,000 150,000 200,000 250,000 300,000

4M08 4M09

Pickup & PPV Passenger Car

Units

• 26.0%
• 5

5 . 4 % Toyota 44% Isuzu 10% Nissan 6% Toyota 37% Honda 50%

Mitsubishi 1%

Nissan 9% Mitsubishi 22% AAT 18%

P/U &PPV P/C

Others 3% Source : TAIA (pls. find details on page 32)

SLIDE 9

9

4M09 Export Car Sales Destinations

Source: TAIA

17% 21% 33% 24% 24% 22% 26% 24% 22% 13% 12% 8% 7% 7% 8% 14% 13% 7%

0% 25% 50% 75% 100%

4M08 2008 4M09

250,450 Units

%

Middle East (+ 31%) Aus, NZ & Oceania (-44%) Asia (-37%) Central&S. America (-58%) Europe (-65%) Africa (-23%)

775,652 Units 167,501 Units

SLIDE 10

10

Eco-car Projects Update

SBG’s Order Progress OEM Update Carmakers

• 2-Week temporary shutdown expected in

Feb 09 to setup machinery (postponed from 4Q08)

• Progress as plan; launch ~ 4Q09
• Project will go as plan (2012)
• Evaluating industrial estates for 500-rai

land for construction of the manufacturing facility

• Project will go as plan (2010)
• Insist to proceed eco-cars, but postpone
• Launching year may be postponed from

2010 to 2012

• Project remains on track
• Expected to be first launcher ~ Feb 10
• Launching to postpone from 10/2010 to

3/2011

• Land purchased but factory construction

to be postponed another year

• Launching year may be postponed from

2010 to 2011

• Front & Rear spring confirmed
• RFQ of another model from Japan

submitted (to launch ~ May 10)

Nissan

• SBG’s technology does not support this

model

AAT (B Car)

• Waiting for Drawing

Toyota

• Waiting for Drawing

TATA

• Drawing expected ~ Mid 09

Mitsubishi

• Disc Brake: confirmed
• Drum Brake: await drawing
• Coil Spring (Rear) : RFQ submitted (high

possibility)

• Stabilizer Bar: RFQ submitted

Honda

• RFQ received

Suzuki

SLIDE 11

11

Thai Export Destination in Prospect

• 5.8%
• 1.6%

3.1% South America & Mexico*

• 3.2%

1.1% 4.2% Central America*

• 3.4%

2.5% 3.9% Middle East* 4.0% 6.0% 0.5% 2.7% 5.1% 6.7%

• 2.6%
• 2.0%
• 1.6%

0.5% Previous Projection 2009E GDP Growth

• 4.9%

0.0% ASEAN-5*

• 2.8%

4.5% India

• 2.9%

0.5% Global

• 2.5%

6.5% China

• 5.6%
• 6.2%

Japan

• 5.6%
• 3.0%

Thailand* *

• 3.2%

2.0% Africa*

• 3.5%
• 1.4%

Australia*

• 5.1%
• 4.2%

Euro area*

• 3.9%
• 2.8%

USA Economic growth from 2008 Latest 2009E GDP Growth

Sources : IMF (World Economic Outlook Update, April 2009) * Latest forecast by its central bank, January 2009 * * Latest forecast by NESDB * Vehicle export destinations of Thailand

SLIDE 12

12

2009 Global Auto Sales

Source : Web news, Marklines, ARA, FCIA

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

SLIDE 13

Agenda

• Industry Overview
• Group Business
• Performance Review
• Future Outlook
• Appendices

SLIDE 14

14

NHK 61% Other 1%

BSK 38%

SMT 6% Other 5%

SAT 89%

Market share Q1’09

Rear Axle Shaft Y08 = 86 % Rear Axle Shaft Y08 = 86 %

Customer Model

Toyota (100%) Fortuner, Vigo Mitsubishi (100%) Triton, 3E45 AAT (Mazda & Ford) (100%) BT-50, Ranger Isuzu (70%) D-Max 4x4, 2x4 , 4x2 (3,000cc. Only), MU-7

Market share Q1’09

Coil Spring Y08 = 28 % Coil Spring Y08 = 28 %

Customer Model

Mitsubishi (29%) Lancer (Rear) Toyota (10%) Camry (Rear) Honda (26%) (Accord excluded) Jazz, City (Rear) Nissan (9%) New Teana (Front)

Customer Model

Toyota (59%) Fortuner, Vigo 4x4 Mitsubishi (100%) Triton, 3E45

Pickup car Pickup car Passenger car

Market Share of Product Champions

SLIDE 15

15

BSK 40%

Other 1% NHK 59%

BSK 3 5 % Ot her 1% NHK 6 4 %

NHK 85% BSK 15%

Market share Q1’09

Leaf Spring Y08 = 17% Leaf Spring Y08 = 17%

Market share Q1’09

Stabilizer Bar Y08 = 35% Stabilizer Bar Y08 = 35%

Customer Model

Mitsubishi (29%) Lancer Honda (52%) Jazz/City (FR) / Accord (RR) Toyota (20%) New Altis (FR)

Customer Model

Toyota (56%) Fortuner, Vigo 4x4 Mitsubishi (100%) Triton, 3E45 Nissan (90%) LCV 4x2, Navara

Customer Model

Mitsubishi (100%) Triton

Customer Model

Hino (2%) Bus Mitsubishi Fuso Truck (88%) Trucks

Pickup car Passenger car Pickup car Commercial car

Market Share of Product Champions

SLIDE 16

16

SBM 26%

Kiriu 4% Aisin 52%

Other 18%

Other 1% Aisin 62% Kiriu 3%

SBM 34%

Market share Q1’09

Disc Brake Y08 = 29% Disc Brake Y08 = 29%

Market share Q1’09

Drum Brake Y08 = 26 % Drum Brake Y08 = 26 %

Customer Model

Mitsubishi Fuso Truck (88%) Trucks

Customer Model

Honda (100%) Jazz/City, Civic, Accord, CR-V Mitsubishi (21%) Space Wagon

Customer Model

Mitsubishi (100%) Triton, 3E45

Customer Model

Mitsubishi (100%) Triton, 3E45 Isuzu (70%) D-Max 4x4, 2x4, 4x2 (3,000 cc. only), MU-7

Customer Model

Honda (31%) City (Rear)

Passenger car Pickup car Commercial car Passenger car Pickup car

Market Share of Product Champions

SLIDE 17

17

Other 21% Aisin 56%

Calsonic 1%

SBM 22%

Exhaust Manifold Y08 = 20% Exhaust Manifold Y08 = 20%

Market share Q1’09

Customer Model

Mitsubishi (53%) Lancer

Customer Model

Mitsubishi (88%) Triton, 3E45 AAT (100%) BT-50, Ranger

Pickup car Pickup car

Market Share of Product Champions

SLIDE 18

18 Note : Full Capacity= 500 hrs./month

%utilization

Pieces

%utilization

Pieces

2009B 2008 Per Month

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 1,500 11,000 46,000 95,000 100,000 109,000 255,000 240,000 50% Leaf Spring (tons) 51% Axle Shaft 45% Coil Spring 65% Exhaust Manifold 60% Drum Brake 54%

Weighted Utilization rate

65% Fly Wheel 45% Stabilizer Bar 60% Disc Brake

Revised Full Capacity and Utilization Rate

SLIDE 19

Agenda

• Industry Overview
• Group Business
• Performance Review
• Future Outlook
• Appendices

SLIDE 20

20

957 1,459 1,430 939 1,439 1,398 136 224 57 25 100 186

250 500 750 1,000 1,250 1,500 1,750 1Q08 4Q08 1Q09

Bt.mn

Revenues Sales NOPAT Net Profit

Revenues and Profits

SLIDE 21

21

Leverage and Profitability Ratios

1.27 1.48 8.61 8.54 7.01 5.09

2 4 6 8 10

4Q08 1Q09

DER BVPS Interest Coverage

Times

0.74 1.90 13.31% 20.85% 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 4Q08 1Q09 10% 15% 20% 25% EBITDA/CAPEX ROFA

Times %

SLIDE 22

22

4.06% 17.36% 14.63% 5.67% 10.78% 4.66%

0% 5% 10% 15% 20%

4Q08 1Q09

ROE ROCE ROIC

Return to Shareholders

ROCE = EBIT/(Total Assets-Current Liabilities) ROIC = NOPAT/(Net Debt+ Equity)

SLIDE 23

23

Financial Highlights

Unit: Bt.mn

1Q08 4Q08 1Q09 YoY QoQ Sales 1,398 1,439 939

• 32.9%
• 34.8%

Total Revenue 1,430 1,459 957

• 33.1%
• 34.4%

GP 316 233 130

• 58.9%
• 44.2%

SG&A 86 100 82

• 4.7%
• 18.4%

EBITDA 356 250 161

• 54.7%
• 35.5%

NOPAT 224 136 57

• 74.5%
• 57.9%

Net Profit 186 100 25

• 86.4%
• 74.6%

Total Assets 5,646 6,360 5,863 3.8%

• 7.8%
• Int. Bearing Debt

2,196 2,597 2,483 13.1%

• 4.4%

Total Liabilities 3,222 3,800 3,279 1.7%

• 13.7%

Equity 2,423 2,561 2,584 6.6% 0.9% Depreciation 85 94 102 19.3% 8.0% CAPEX 57 337 85 49.6%

• 74.8%

Effective Tax Rate 20.2% 16.7% 8.7%

SLIDE 24

24

1Q08 4Q08 1Q09

GPM

(%)

22.62 16.19 13.85 EBITDAM

(%)

24.92 17.14 16.86 NPM

(%)

13.00 6.85 2.65 ROA (annualized)

(%)

14.13 6.89 1.76 ROFA (annualized)

(%)

34.07 20.85 13.31 EBITDA/CAPEX

(Times)

6.29 0.74 1.90 ROE (annualized)

(%)

33.50 17.36 4.06 ROCE (annualized)

(%)

26.92 14.63 5.67 ROIC (annualized)

(%)

21.03 10.78 4.66 IBD/Equity

(Times)

0.91 1.01 0.96 DER

(Times)

1.33 1.48 1.27

• Int. Coverage

(Times)

9.40 7.01 5.09 EPS

(Bt.)

0.62 0.33 0.08 BVPS

(Bt.)

8.08 8.54 8.61

Key Financial Ratios

SECTOR => SAT, AH, STANLY, YNP, TSC 9.09

10.76

0.53 3.84 8.29

• 6.27

SLIDE 25

25

Sales Breakdown

35% 33% 31% 29% 30% 10% 10% 11% 14% 13% 12% 12% 11% 12% 12% 5% 4% 5% 4% 4% 4% 5% 4% 4% 3% 6% 7% 7% 7% 7% 7% 6% 7%

21% 21% 25% 25%

6% 7%

24% 0% 25% 50% 75% 100%

1Q08 2Q08 3Q08 4Q08 1Q09 Domestic 93% OEM 99% 1,401 1,398

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)

Bt.mn

1,439 1,575 939

SLIDE 26

26

Customer Base

31% 32% 34% 32% 27% 24% 23% 21% 23% 28% 8% 8% 8% 8% 8% 8% 5% 25% 23% 26% 9% 7% 7% 6% 5% 5% 5% 5% 4% 20% 26%

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

Mitsubishi Toyota Honda Isuzu AAT Others

Pickup+ PPV ~ 80%

Bt.mn

1,401 1,398 939 1,575 1,439

Kubota

SLIDE 27

27

2009 Capital Expenditures

Unit: Million Baht

1Q09 2Q09 3Q09 4Q09

R&D (SBM)

55.0

Machinery

32.1

R&D (BSK)

60.0

Machinery

60.0

Kubota (10 new parts, 50K)

130.0

Machinery

125.0

48.3 33.1 13.0 Kubota (Rotary Blade)

135.0

Machinery

135.0

Kubota (Axle Shaft)

81.0

Machinery

27.0

Total Amount

461.0

81.9

379.1

Loans

319.6 81.9

259.6

Internal Cash Flow

119.5

119.5 Payment Plan in 2009 Payment Schedule Project Description Capex Amount

SLIDE 28

Agenda

• Industry Overview
• Group Business
• Performance Review
• Future Outlook
• Appendices

SLIDE 29

29

Backlogs 2009-2017

Confirmed 3Q09 77 (5) OSI Stabilizer Bar Confirmed 3Q09 1,820 (6) Kubota Rotary Blade Axle Shaft Confirmed On plan 3Q09 2010 610 (6) 749 (4) Kubota Hino Postponed from May-10 Oct-11 1,190 (7) American Axle

(for GM Thailand)

Mass Run 4,446 Total Progress Total Sales (Bt.mn) (yrs) Backlogs

SLIDE 30

30

Projects on Hand

Sample submitted May-09 4Q09 500,000 (5) (Bt 2,250 mn) Toyota

(Forging), USA

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

(for VW, Brazil)

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

(for MFTT, Japan)

Axle Shaft Sample to be submitted ~ Sep-09 April 2010 88,000 (5) (Bt 110 mn) Toyota

(Vigo), India

Coil Spring Mass Run 3,735 Total Progress units/yr (yrs) (Total Sales ) Customer

SLIDE 31

Agenda

• Industry Overview
• Group Business
• Performance Review
• Future Outlook
• Appendices

SLIDE 32

32

Details of 4M09 Thailand Car Production & Sales

Quarterly Overview Quarterly Overview Quarterly Overview Production Production Production Domestic & Export Sales Domestic & Export Sales Domestic & Export Sales

4M08 4M09

∆

Jan 108,129 72,456

• 33.0%

Feb 123,551 61,067

• 50.6%

Mar 133,943 65,449

• 51.1%

Apr 97,453 53,644

• 45.0%

YTD

463,076 252,616

• 45.4%

4M08 4M09

∆

Jan 104,217 81,539

• 21.8%

Feb 115,641 78,970

• 31.7%

Mar 139,428 86,103

• 38.2%

Apr 107,621 68,376

• 36.5%

YTD

466,907 314,988

• 32.5%

4M08 4M09

∆

Jan 45,715 32,085

• 29.8%

Feb 49,565 34,361

• 30.7%

Mar 66,456 41,328

• 37.8%

Apr 54,721 39,713

• 27.4%

YTD

216,457 147,487

• 31.9%

4M08 4M09

∆

Jan 58,502 49,454

• 15.5%

Feb 66,076 44,609

• 32.5%

Mar 72,972 44,775

• 38.6%

Apr 52,900 28,663

• 45.8%

YTD

250,450 167,501

• 33.1%

Export Sales Production Total Sales Domestic Sales

Units % Units % %Growth Pick-up 1 Ton Isuzu&GM 51,252 40% 32,191 42%

• 37.2%

Toyota 51,530 40% 30,415 40%

• 41.0%

Nissan 10,776 8% 5,644 7%

• 47.6%

Mitsubishi 9,014 7% 4,324 6%

• 52.0%

AAT 6,217 5% 3,626 5%

• 41.7%

Others 0% 260 0% n.a. Total Pick-up 128,789 100% 76,460 100%

• 40.6%

Passenger car Toyota 32,926 45% 26,644 43%

• 19.1%

Honda 27,641 38% 25,026 41%

• 9.5%

Nissan 2,649 4% 1,825 3%

• 31.1%

Mazda 1,138 2% 1,485 2% 30.5% Mitsubishi 1,119 2% 895 1%

• 20.0%

Others 7,813 11% 5,849 9%

• 25.1%

Total Passenger 73,286 100% 61,724 100%

• 15.8%

Others Total Others 14,382 9,303

• 35.3%

216,457 147,487

• 31.9%

Domestic Sales (YoY) 4M08 4M09 Units % Units % %Growth Pick-up 1 Ton Toyota 73,558 39% 61,171 44%

• 16.8%

Mitsubishi 42,186 22% 30,808 22%

• 27.0%

AAT 35,650 19% 25,840 18%

• 27.5%

Isuzu&GM 28,570 15% 13,734 10%

• 51.9%

Nissan 10,060 5% 9,000 6%

• 10.5%

190,024 100% 140,553 100%

• 26.0%

Passenger car Honda 24,972 41% 13,536 50%

• 45.8%

Toyota 24,205 40% 10,050 37%

• 58.5%

Nissan 4,535 8% 2,322 9%

• 48.8%

Mitsubishi 556 1% 291 1%

• 47.7%

Others 6,158 10% 749 3%

• 87.8%

60,426 100% 26,948 100%

• 55.4%

250,450 167,501

• 33.1%

4M08 4M09 Export Sales (YoY) Units % Units % % Growth Pick-up 1 Ton Toyota 136,460 41% 78,949 45%

• 42.1%

Isuzu 78,921 24% 30,023 17%

• 62.0%

Mitsubishi 49,569 15% 27,570 16%

• 44.4%

Ford&Mazda 43,413 13% 26,539 15%

• 38.9%

Nissan 20,627 6% 10,747 6%

• 47.9%

Others 0% 235 0% n.a Total Pick-up 328,990 100% 174,063 100%

• 47.1%

Passenger car Honda 46,977 37% 35,730 48%

• 23.9%

Toyota 58,507 46% 30,253 41%

• 48.3%

Nisssan 6,937 5% 3,855 5%

• 44.4%

Mitsubishi 1,880 1% 383 1%

• 79.6%

Mazda 0% 0% n.a Others 13,210 10% 4,018 5%

• 69.6%

Total Passenger 127,511 100% 74,239 100%

• 41.8%

Others Hino 2,501 38% 1,846 43%

• 26.2%

Isuzu (Truck) 2,949 45% 1,513 35%

• 48.7%

Mitsubishi(Truck) 450 7% 414 10%

• 8.0%

Nissan Diesel 396 6% 297 7%

• 25.0%

Toyota 0% 0% n.a. Others (eg.Van,Bu 279 4% 244 6%

• 12.5%

Total Others 6,575 100% 4,314 100%

• 34.4%

463,076 252,616

• 45.4%

Production (YoY) 4M08 4M09

SLIDE 33

33

Group Development

• A well established and reputable vehicle parts manufacturer, with

concentration on the OEM market.

• The Group started its automotive parts manufacturing business in

1962, and is considered as one of Thai pioneers in the business.

• Establishment of

Somboon Spring Ltd.

• Establishment of

Somboon Malleable Iron (SBM)

• Establishment of Bangkok

Spring Industrial (BSK)

• Began the move into OEM

market

1962

• Establishment of

Somboon Advance Technology (SAT)

• Start to

supply TOYOTA

• Group

Restructuring

• Listed
• n

SET

1975 1977 1995 2002 2004 2005 2007

• Acquiring ICP

by 100% shareholding

SLIDE 34

34

Group Structure and Business

SAT

(Paid Up 300 mb)

SBM

(Paid Up 160 mb)

BSK

(Paid Up 130 mb)

Tsuchiyoshi Somboon Coated Sand

(Paid Up 72 mb)

Yamada Somboon

(Paid Up 150 mb)

Nishinbo Somboon Automotive

(Paid Up 732.6 mb)

Somboon Somic Manufacturing

(Paid Up 300 mb)

100% 100% 21.25% 20.00% 2.90% 1.80%

Somboon Holding 27% Kittapanich Family 26% Thailand Equity Fund 10% Others 37%

Sales ~ 231 mb, TA~ 225mb, GPM 12.1% , NPM 2.6% Sales ~ 2,150 mb, TA~ 1,697 mb, GPM 17.5% , NPM 5% Sales ~ 1,851 mb, TA~ 1,703 mb, GPM 23.8% , NPM 16.7% Sales ~ 1,972 mb, TA~ 1,259 mb, GPM 18.4% , NPM 9.8%

• Steering Column Assembly
• Water Pump Assembly
• Oil Pump
• Ball Jointed
• Tie Rod End
• Outer Track Rod
• Stabilizer Linkage
• Brake System
• Casting

(Rasin/Sand)

ICP

(Paid Up 185 mb)

100%

SLIDE 35

35

Certificates and Awards

• Group Company has been receiving many awards and accreditations of its

unique developing and its production quality-being rate as one of the finest in Supplier List.

• Proven performance since inception in 1972 i.e., QCD grading, Quality Award by

MMth (zero defect), TPS (Toyota Production System), QCC award & network by HINO

• ISO 9002, QS 9000, ISO 14001, ISO/TS 16949 (OEMs required)

Q Q Q M M M D D D C C C

SBG SBG

E E E

SLIDE 36

Thank You Thank You

Somboon Advance Technology Public Company Limited –Investor Relations Department

• Tel. + 66 728-8596, Fax. + 66 2 728-8513, Email: ir@somboon.co.th, http://www.satpcl.co.th

Questions and Answers