Sri Tr Tran ang Agro-Indu Industry stry Public lic Co Comp mpan any Li Limi mite ted The Th e 2019 2019 Annua ual l Ge Gener eral al Mee eeti ting g of Shar areho eholde lders rs 30 April l 2019 1
The Voting Card’s Example 2
The Voting Card’s Example 3
Votin ting g Pr Procedu dures es except pt age gend nda rega gardin ding g the he election tion of f direc ectors tors All shareho reholders ders / t their ir proxies xies di disapp ppro rove ve or abstai tain n in in such h agend nda Mark k their ir votes es in in the voting ing cards, ds, sig ign and d rais ise e hand d up Offic icers ers collec ect t your r voting ing cards ds Proce cessing ssing. Inform orm the result ult to the Sharehol eholde ders rs Meeting ing Sig ign the approve rove voting ing cards, ds, offi fice cers rs wil ill collect ct when the meeting ing fin inish ish 4
Votin ting g Pr Procedu dures es fo for the he age gend nda a rega gardin ding g the he election tion of f direc ecto tors All sharehol reholders ders / th their ir proxies xies Mark k their ir votes es in in the voting ing cards ds and d sig ign Of Offic icers ers collec ect t your r voting ing cards ds Proce cessing ssing Inform orm the result ult to the Sharehol eholde ders rs Meeting ing 5
Agen enda da ite tems ms 1. To consider and certify the Minutes of the 2018 Annual General Meeting of Shareholders held on 26 April 2018 2. To acknowledge the performance results of the Board of Directors of the Company for the year 2018 and to consider and approve the audited financial statements of the Company for the year ended 31 December 2018 3. To consider and approve the dividend payment of the Company for the year 2018 and acknowledge the interim dividend payment 6
Agen enda da ite tems ms 4. To consider and approve the election of directors to replace the directors who retire by rotation 5. To consider and approve the determination of remuneration of directors for the year 2019 6. To consider and approve the appointment of the auditor and determination of auditing fee for the year 2019 7. Other matters (if any) 7
Agen enda da 1 To consider and certify the Minutes of the 2018 Annual General Meeting of Shareholders held on 26 April 2018 A copy of the Minutes of the Extraordinary General Meeting of Shareholders No. 2/2017 is enclosed with Invitation to the 2018 Annual General Meeting of Shareholders and disseminated on the Company’s website www.sritranggroup.com 8
Agen enda da 2 To acknowledge the performance results of the Board of Directors of the Company for the year 2018 and to consider and approve the audited financial statements of the Company for the year ended 31 December 2018 The Company regularly discloses MD&A through the SET system after the release of financial statements. 9
Agen enda da 2 Rev evenue ue and d NR Sales les Volume ume NR R Sales Vo s Volum lume (LHS (LHS) Re Reve venue (RH (RHS) (tons) ns) (THB milli lion) n) 2,000,000 2,000,000 89,387 87 100,00 ,000 -18% 77,266 66 75,530 30 73,493 93 80,000 1,500,000 1,500,000 61,292 92 1,494,09 4,094 4 60,000 1,336,64 6,649 9 +1% 1,323,87 3,873 3 1,000,000 1,000,000 1,204,3 4,342 42 1,119,9 9,966 66 40,000 500,000 500,000 20,000 0 0 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 10
Agen enda da 2 2018 018 Sales les Rev evenue ue Port rtio ion by Product oduct ( THB million ) 2018 018 Sales les Rev evenue ue by Product oduct 83,387 387 407 407 RSS 9,859 73,493 493 9% 9% LTX 6,286 345 6% 6% 9,65 653 3 11,786 Others Ot rs 4,537 73,49 73 493 6,81 816 6 Glov loves es TSR Gloves ves 16% 16% 68% 68% LT LTX THB milli llion on RSS 63,1 ,183 83 Others rs 50,0 ,008 08 TSR 1% 1% 2560 25 60 2561 25 61 11
Agen enda da 2 201 018 NR Sale les s Volume b ume by y Region on Sale les s Volume ume by Region on ( Tons ons ) 1,336,6 36,649 49 1,323,8 23,873 73 Technically Specified Rubber Asia (Excul xculdi ding ng 2,138 1,832 64,8 ,861 61 56,7 ,731 31 [TSR] 55,0 ,022 22 76,1 ,132 32 China&T na&Tha haila land) nd) Other her 25% 25% 339, 9,09 097 7 329, 9,48 488 8 Eur urope 1.34 1.34 China na 49% 49% USA SA America rica mil. tons ns 4% 4% Ribbed Smoked Sheet Asi Asia ( (excep xcept Europ ope 602, 2,12 127 7 647, 7,45 455 5 [RSS] Chi China) 5% 5% Chi China Domestic stic Others 17% 17% 0.1% Do Domest mestic 257, 7,25 257 7 228, 8,38 383 3 Concentrated Latex 2017 20 17 2018 20 18 [LTX] 12
Agen enda da 2 Sale les s Volume ume of 201 018 Gloves ves Sales ales Volume ume by Region on Latex tex Glove ves s & Nitrile le Glove ves s Porti rtion on Nitril rile Gloves ves Latex Powder der Examina inatio ion n Glove 39% 39 Latex x Gloves Europe pe America rica 61% 61 24% 24 27% 27% 16,937 16,937 Sale les s Volume ume of mil. l. piec eces es Others rs Latex Powder der-Fre ree Examina inatio ion n Glove OEM & Own-Bra Brand nd Port rtion on 10% 10 Asia (Excul xculdi ding ng Domestic stic Own-Bra rand nd China na China&T na&Tha haila land) nd) 11 11% 15 15% 8% 20% 20 OEM 85% 85% Nitril ile Powder-Fr Free Examina inatio ion n Glove ve 13
Agen enda da 2 Gros oss Prof ofit it and Gros ross Prof ofit it Margin rgin Gross Gro ss Pro rofit ( fit (THB m mil illi lion) n) Gross Gro ss Pro rofit Ma fit Margin ( rgin (%) %) Gross s profit it and gross ss profit it margin n in 2018 8 (THB million) n) (%) decreased d due to: 8,000 8,000 12% 12% a change in strategy with regard to NR 9.7% 10% 10% products and effective raw material cost 6,000 6,000 management 8% 8% an improve in profitability of Gloves 4,000 4,000 6% 6% business after the demerger 4.2% 7,108 4% 4% 2,000 2,000 3,776 2% 2% 0 0% 0% 2017 2017 2018 2018 14
Agen enda da 2 Key Factors Ke ctors Affecting ecting the Company mpany ’ s Ope perat ration on 1. . Volatility latility of Natural tural Rubbe bber r Price ice 2. Forei reign gn Exchange change Rate ate 3. . Financial nancial Cost osts 4. Government overnment Po Polic icy 15
Agen enda da 2 Factor tor 1 1 : : Volatility tility of Na Natural ral Rubber bber Price ce 2017 Avg. 2018 Avg. 300 RSS = 200 RSS = 155 TSR = 165 165 TSR = 137 137 250 ▼ 17 17% YoY .) S cent : Kg.) M Price 200 COM RSS SICO (US 150 TSR 100 -17 b-17 Mar-17 Apr-17 pr-17 May-17 y-17 un-17 Jul-17 ul-17 ug-17 p-17 -17 Nov-17 Dec-17 -18 b-18 Mar-18 pr-18 Apr-18 May-18 y-18 un-18 ul-18 Jul-18 ug-18 p-18 -18 Nov-18 Dec-18 Jan-1 Feb-1 Aug-1 Oct-1 Nov-1 Jan-1 Feb-1 Aug-1 Oct-1 Nov-1 Jun- Sep- Jun- Sep- Ma Ma Ma De Ma De Fe Fe According to IRSG report, the global NR demand in 2018 was 13.87 tons, up 4.9% from 2017. Meanwhile, the global NR supply went up 2.5% to 13.90 tons In 2018, the Natural Rubber (NR) industry still had to contend with an in 2018. The supply growth mainly came from Thailand, PRC, Vietnam, and the oversupply stemmed from the planting of rubber trees during a period of CAMAL* countries. high NR prices from 2010 to 2012 and the rubber trees planted during The average price of TSR20 on SICOM for 2018 was 136.5 cent/kg, down this period started to provide yield from 2017 onwards. 17.1% from 2017. Note: *the CAMAL countries include Cambodia, Myanmar and Lao PDR. 16
Agen enda da 2 Factor tor 2 2 : : Foreig eign n Exc xchan ange ge Rate te 2018 Avg. 36 36 2017 Avg. THB/US /USD : 32.1 THB/US /USD : 33.8 35 35 ▼ 5% YoY 34 34 ment vement SD THB/USD 33 33 32 32 Move 31 31 30 30 -17 Feb-17 -17 r-17 -17 -17 l-17 -17 -17 Oct-17 -17 -17 -18 Feb-18 -18 r-18 -18 -18 l-18 -18 -18 Oct-18 -18 -18 Jan-1 Mar-1 May-1 Jun-1 Aug-1 ep-1 Oct-1 Nov-1 ec-1 Jan-1 Mar-1 May-1 Jun-1 Aug-1 ep-1 Oct-1 Nov-1 ec-1 Apr- Jul- Apr- Jul- Mar May Jun Sep Nov Dec Mar May Jun Sep Nov Dec Ju Ju Ja Ja With the stability of Thailand ’ s economy together with capital flows and the (THB millio lion ) 2017 2017 2018 2018 looming of interest rate increase by the US Federal Reserve and uncertainty of geopolitical situation, these caused Thai Baht strengthen 4.8% against US dollar Realised gain/ ( loss ) on exchange rate 388 ( 152 ) from an average in the previous year with high volatility from quarter to quarter. Unrealised gain/ ( loss ) on exchange rate 134 ( 100 ) In 2018, the Company recorded Baht 252.2 million in foreign exchange loss in 2018, Gain/ ( lo loss ss ) on exchan hange rate te 522 522 ( 252 52 ) a reversal of Baht 522.1 million in gains on foreign exchange in 2017. 17
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