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STA STA 1Q 1Q19 19 An Analyst lyst Pre Presentation entation 1 CO CONTENTS TENTS 1. Financi ancial al Pe Perfor formance mance 2. ST STA Bu A Business iness Highlights hlights 3. Na Natural ural Rub ubber ber Market rket

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SLIDE 1

1

STA STA

1Q 1Q19 19 An Analyst lyst Pre Presentation entation

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SLIDE 2

CO CONTENTS TENTS

  • 2. ST

STA Bu A Business iness Highlights hlights

  • 1. Financi

ancial al Pe Perfor formance mance

  • 3. Na

Natural ural Rub ubber ber Market rket Si Situati uation

  • n

2

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SLIDE 3

3

FIN INANCIAL ANCIAL PER ERFORMAN FORMANCE

1 1

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SLIDE 4

100 120 140 160 180 200 Jan-18 Fe Feb- b-18 Ma Mar-18 Ap Apr-18 18 Ma May-18 Jun-18 Jul-18 Au Aug-18 Sep Sep-18 18 Oct- t-18 Nov Nov-18 Dec Dec-18 Jan-19 Fe Feb- b-19 Ma Mar-19 Ap Apr-19 19 RSS RSS TSR SR

143 149 125 121

40 40 50 50 60 60 70 70 80 80 90 90 100 Jan-18 Fe Feb- b-18 Ma Mar-18 Apr Apr-18 Ma May-18 Jun-18 Jul-18 Au Aug-18 Se Sep-18 Oct- t-18 Nov Nov-18 Dec Dec-18 Jan-19 Fe Feb- b-19 Ma Mar-19 Apr Apr-19

SICO COM Price ce (US cent : Kg.)

  • Avg. = 146.5 (+1.9%)

SICOM COM – Oil il Pri rices ces

4

Crude Oil l Prices

(USD : Bbl. l.)

  • Avg. = 140.0 (-4.4%)
  • Avg. = 67.3 (+9.1%)
  • Avg. = 75.0 (+11.5%)

ABBREVIAT ATIONS RSS : Ribbed smoked sheet TSR : Technically specified rubber, which includes STR and SIR

  • Avg. = 132.9 (-5.7%)
  • Avg. = 75.8 (+1.1%)

1Q18 2Q18 3Q18 4Q18 1Q19

  • Avg. = 126.7 (-4.6%)
  • Avg. = 68.1 (-10.1%)
  • Avg. = 139.4 (+10.0%)
  • Avg. = 63.9 (-6.1%)

133

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SLIDE 5

30 30 31 31 32 32 33 33 34 34 Jan-18 Fe Feb- b-18 Ma Mar-18 Apr Apr-18 Ma May-18 Jun-18 Jul-18 Au Aug-18 Se Sep-18 Oct- t-18 Nov Nov-18 Dec Dec-18 Jan-19 Fe Feb- b-19 Ma Mar-19 Apr Apr-19

40 40 80 80 120 120 160 160 200 200 240 240

Jan-18 Fe Feb- b-18 Ma Mar-18 Apr Apr-18 Ma May-18 Jun-18 Jul-18 Au Aug-18 Se Sep-18 Oct- t-18 Nov Nov-18 Dec Dec-18 Jan-19 Fe Feb- b-19 Ma Mar-19 Apr Apr-19 BD- BD-SEA SEA* BD- BD-Ch China ACN ACN LT LTX

La Latex ex – Butadiene diene – Acry rylonitri lonitrile le - Fore rex

5

USD/THB /THB

ABBREVIATIONS RSS : Ribbed smoked sheet TSR : Technically specified rubber, which includes STR and SIR

LTX & BD & A ACN

Price (US cent : Kg.)

  • Avg. = 159.7 (+15.4%)

113.8 (-3.4%) 193.0 (+7.5%)

  • Avg. = 159.0 (+18.6%)

102.3 (-13.3%) 212.8 (+18.5%)

  • Avg. = 31.39 (-4.3%)
  • Avg. = 31.72 (+1.1%)
  • Avg. = 31.81 (+3.4%)
  • Avg. = 32.64 (+2.6%)
  • Avg. = 109.8 (-30.9%)

99.2 (-3.0%) 179.8 (-15.5%)

  • Avg. = 31.64 (-3.7%)
  • Avg. = 107.5 (-2.1%)

113.4 (+14.2%) 152.5 (-15.2%)

1Q18 2Q18 3Q18 4Q18

1Q19

19

  • Avg. = 138.3 (+24.7%)

117.7 (+6.1%) 179.5 (-0.6%)

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SLIDE 6

6

Fin inancial ancial Hi High ghlight light

*Adjusting for (reversal) allowance of inventory and realized gains /(losses) from hedging activities

(Unit : THB million) 1Q19 1Q18 %YoY 4Q18 %QoQ FY18

Revenue 15,248.0 17,689.1

  • 13.8%

17,189.6

  • 11.3%

73,492.8 Sales volume (tons) 289,984 321,698

  • 9.9%

317,876

  • 8.8%

1,336,649

  • Avg. selling price (Baht per ton)

41,175 46,772

  • 12.0%

43,530

  • 5.4%

45,907 Gross profit 1,009.9 1,510.4

  • 33.1%

1,366.7

  • 26.1%

7,107.5

  • Adj. gross profit*

578.0 1,999.9

  • 71.1%

1,622.4

  • 64.4%

8,254.2 SG&A (1,150.8) (1,227.3)

  • 6.2%

(1,350.5)

  • 14.8%

(5,247.9) Gains (loss) on exchange rate, net 110.8 254.8

  • 56.5%

40.3 174.8% (252.2) Other gains, net (448.7) 501.4 N/A 156.0 N/A 1,203.3 Operating profit (loss) (449.2) 1,135.2

  • 139.6%

279.8 N/A 3,050.2 Share of profit (loss) from investments in JV 37.2 80.1

  • 53.6%

26.5 40.3% 223.7 EBITDA 164.4 1,762.5

  • 90.7%

993.5

  • 83.5%

5,657.4 EBIT (412.0) 1,215.3 N/A 306.3 N/A 3,273.9 Finance costs (227.7) (236.7)

  • 3.8%

(225.5) 1.0% (887.0) Net profit (627.7) 831.8 N/A 139.1 N/A 2,064.4 GP margin 6.6% 8.5%

  • 191.56

8.0%

  • 132.74

9.7%

  • Adj. GP margin*

3.8% 12.4%

  • 862.30

9.4%

  • 564.78

11.2% Operating profit margin

  • 2.9%

6.4%

  • 936.35

1.6%

  • 457.40

4.2% EBITDA margin 1.1% 10.0%

  • 888.59

5.8%

  • 470.18

7.7% Net profit margin

  • 4.1%

4.7%

  • 881.89

0.8%

  • 492.54

2.8%

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SLIDE 7

11,978 14,293 12,414 11,323 9,375 1,885 1,749 1,722 1,459 1,615 1,184 795 1,504 1,055 950 2,613 2,857 3,128 3,189 3,044

30 60 91 164 264

17,689 19,755 18,859 17,190 15,248

1Q18 2Q18 3Q18 4Q18 1Q19 Others Gloves LTX RSS TSR

Sale les s Reve venue nue

7

Sales s Revenue by Geography hy Sales s Revenue by Prod

  • duct (THB

HB million

  • n)
  • 13.

3.8%

  • 11.

1.3%

66% 62% 11% 1% 7% 6% 19% 20% 1% 9%

18% 14% 16% 14% 17% 40% 44% 38% 45% 32% 24% 25% 27% 23% 30% 8% 7% 8% 9% 9%

1% 2% 2% 2% 2%

1Q18 2Q18 3Q18 4Q18 1Q19

Others Europe USA Asia (Exculding China&Thailand) China Domestic

slide-8
SLIDE 8

Gross s Profit

  • fit – Adj.*

.* (THB

B million

  • n)

Gross s Profit

  • fit (THB

B million

  • n)

)

Gr Gross ss Pro rofit fit

8

Note: * Adjusting for (reversal) allowance of inventory cost and realised items from hedging activities

2,000 2,631 2,001 1,622 578

11.3% 13.3% 10.6% 9.4% 3.8%

0.0% 3.0% 6.0% 9.0% 12.0% 15.0%

  • 500

1,000 1,500 2,000 2,500 3,000 1Q18 2Q18 3Q18 4Q18 1Q19 1,510 2,261 1,970 1,367 1,010

8.5% 11.4% 10.4% 8.0% 6.6%

0.0% 3.0% 6.0% 9.0% 12.0% 15.0%

  • 500

1,000 1,500 2,000 2,500 1Q18 2Q18 3Q18 4Q18 1Q19

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SLIDE 9

9

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SLIDE 10

STA TA Busin siness ess Highlights ghlights

2 2

10

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SLIDE 11

36 36 48 48 45,000 000 rai

rai

STA’s Global Presence

(7,5 ,500 00 hectare res) s) of rubber r plant ntations ns NR processi sing g plant nts procure urement nt centers rs sales s & distribut ribution

  • n centers

rs

6% share

e of global al glove ve consu sumpti mption in FY18

26% 6%

  • f NR producti

ctionin Thailan land

7

USA Vietna nam Indone donesi sia Sing ngapore pore China na Myanm nmar Thailand nd

5

Glov

  • ves

s produc duction

  • n facilities

s in Thailand nd

1. 1.34 34 mill

  • ll. tons

s in in NR’s

sales volume ume in FY18

11

10% 0% share

re of global al NR consu sump mpti tion in FY18

16,937 6,937 m.pcs.in

Glove’s sales volume in FY18

289,984 9,984 tons

s in in

NR’s sales volume in FY18

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SLIDE 12

Infr fras astru tructu cture 13% 13%

Immature ure Area 77% 77%

Tapping ng Area 10% 10%

Approx. 45,000 rai 7,500 HA

Upst stre ream am Opera ration tions s – Rubbe

ber r Plant ntations tions

Lampang Sukothai Pichit Phitsanulok Petchaboon Chiang Rai Chiang Mai Sakon Nakhorn Utaradit Sakaeo Phrae Kalasin Phayao Nan Songkhla Surat Thani Krabi Chumporn Bungkan

Provin inces esin Thailand

19 19

Area a of Rubber ber Plantati antations Esti tima mate ted d Matu ture re Plantations antations

50 500, 0,00 000 1, 1,00 000, 0,00 000 1, 1,50 500, 0,00 000 2, 2,00 000,00 0,000 2, 2,50 500, 0,00 000 2, 2,00 000 4, 4,00 000 6, 6,00 000 8, 8,00 000 10 10,00 000 12 12,00 000 14 14,00 000

2018 20 2019 19F 20 2020 20F 20 2021 21F 20 2022 22F 20 2023 23F 20 2024 24F 20 2025 25F 20 2026 26F 20 2027 27F

Pro Producti ction, ton tons ( (LHS) HS) Tap apping, tre trees es ( (RHS) HS)

Thoen1,

Lampang ng

Watbo tbot, ,

Phitsanul sanulok

  • k

Mae Khao Tom,

Chiang ng Rai 12

Note: The green provinces are where our factories located in.

Note: Information as of 31 March 2019

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SLIDE 13

13

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SLIDE 14

STA’s Ti Tire re Manuf nufact acturer urer Cu Cust stomers mers

14

slide-15
SLIDE 15

[Information as at 1 April 2019]

Do Downs wnstream tream Operation erations s – Fi

Finish nished ed Pro roducts ucts

Expo porting rting to to

12 120+ 0+

Coun untrie ries

17 17

billion lion piece ces of gloves es sold in 2018 2018

21.2 21.2

billion lion piece ces per annum m in product uction ion capac acity ity

Sinc nce

1989 1989 6% 6%

Global

  • bal Market

et Share

Th The world’s

5th

th

Largest st

15

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SLIDE 16

STA’s Gloves Products

16

Examin inat ation ion/ Non-Examin Examinat ation ion Gloves Latex ex

Powdere wdered Powder wder-Fr Free ee

Nitrile ile

Powder wder-Free Free

  • Comfort

fort 4.8 g

  • Balance

ce 5.0 g

  • Premi

mium m 5.8 g

  • Comfort

fort 5.0 g

  • Balance

ce Comfo fort rt 5.5 g

  • Balanced

ced Plus 5.6 g

  • Balance

ce5.8 g

  • Premi

mium m 6.2 g

  • Heavy 6.2 g
  • Balance

ce4.8 g

  • Comfort
  • rt 3.5 g
  • Comfort
  • rt Plus 3.0 g

Informati tion as at 31 March 2019 [3-month th period] d]

Product

  • duct Range

Product duct Mix x by Volume lume

61% 61% 67% 67% 39% 39% 33% 33%

FY18 FY18 1Q19 Ni Nitri rile le Latex

85% 85% 88% 88% 15% 15% 12% 12%

FY18 FY18 1Q19 Own n Brand nds OEM EM

slide-17
SLIDE 17

STA’s Glove Markets by by Vo Volu lume me

17

Note te: *Asia excluding Thailand, China, Japan and India **ASEAN excluding Thailand

America ica 24% 24%

Thailan land 11% 11% Japan 6% China 7% 7%

Indi dia

6% 6% RoW 8% Asia* a* 5%

ASEAN** AN**

3% 3%

EU EU 30% 30%

Encourag courage e a a wide var ariety ety of appl plications cations Foods ds Industry ustry

Medic ical al Industr ustry

Lifesty festyle

Informati tion

  • n as at 31 March 2019 [3-month

th period

  • d]

Widely ely Used ed in Develo veloped ped Markets rkets, , Gaining ing Groun und d in Emergin rging g Marke rkets ts

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SLIDE 18

Gl Globa bal l Gl Glove ve Mark rket et Outlo look

  • k

150 150 148 148 160 160 171 171 180 180 194 194 201 201 233 233 268 268 287 287 370 370

50 50 100 150 200 250 300 350 400 2010 2011 2012 2013 2014 2015 2016 2017F 2018F 2019F 2020F

Avera rage ge growth h at 8-10% 0% per annum

150 150 100 100 76 76 11 11 8 6

40 40 80 80 120 160 US USA EU EU Ja Japan Asia sia India ia Chin ina

Global bal Glove ve Deman mand

Source ce: : MARGMA GMA Indus ustry Brief ef 2018 18 on the e Rubber Glove e Indus ustry

18

+7%

Glove ves s Consump mptio ion n Per Capita

Golde den Opportu rtuni nity ty for Growth wth

[bn. pcs.]

Deman mand Ke Keeps ps Growing wing & Hidden en Consumption sumption in Emerging rging Markets rkets

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SLIDE 19

Ke Key y Dr Driv ivers rs

19

USP80 P800: 0: Double

ble gloves usage

US US-Ch China na Trade war

Emerging erging and d lower er-inc income

  • me countr

untries ies

will l drive ve the rise in health h care expenditur itures s throu

  • ugh

h 2020 0 as well as the expansio ion n of servic ices s in deve

velo loped ped countr untries ies.

USA Sout uth h Kore rea Incre reased sed usage ge in non-medi dical sectors rs Impos

  • se tariffs on Nitril

rile Rubbe ber r from Kore rea and Japan n - a boon to Late

tex Gloves

China na Indonesi donesia The Mini nistry ry of Health h launche unched d a new regul gulation–

to define the minimum sta tandard of services

Cambodia

  • dia

India dia

Increa easing sing awaren eness ess of health and h d hygie iene ne aroun und d the world d

Health Strategic Plan 2016-2020 –

to improve coverage, quality, equity

Nation

  • nal Health

h Prot

  • tection

n Scheme me –

to provide de coverage over 100 mill. vulnerabl ble families.

Saudi di Arabia bia Saudi di Food

  • od & Drug

ug Autho hori rity y Strategi gic Plan n 201 018-202 022 – to

prote tect & promote publi blic health

Japan The world’s largest elderly population The Govern rnme ment nt passed theSeguro uroIntegra gral de Salud ud (SIS) IS)– to provide

de free basic health th care

Peru Vision

  • n:

: Unive versa rsal health h covera rage ge by 2020 20–to

esta tabl blish an effecti tive social health th security system & speed d up publi blic hospital pital reform

slide-20
SLIDE 20

52 52 61 61 70 70 81 81 28 28 29 29 39 39 45 45 23 23 24 24 27 27 31 31 22 22 27 27 33 33 38 38 14 14 17 17 24 24 30 30

233 233 268 268 287 287 370 370

50 50 100 100 150 150 200 200 250 250 300 300 350 350 400 400 FY20 FY2017 17 FY201 FY2018 FY20 FY2019 19f FY20 FY2020 20f

Sri Trang G Sri Trang Glove

  • ves

Kossan Kossan Supe Superma rmax Ha Hartalega ga Top G Top Glove

  • ve

Globa

  • bal G

Gloves De

  • ves Demand

nd

Gl Glove ve Ca Capa pacity city Exp xpan ansion sion

Ro Robu bust st growt

  • wth in

in de demand

provi vides des lar arge e producer ducers s with opportun rtuniti ties es for r expan pansi sion.

  • n.

Note te: Informati tion

  • n as disclos
  • sed by each compa

pany

20

139 139 158 158 193 193 225 225

+13% 3% +22% 2% +17% 7%

Malay laysia sia 69% 69%

Thailand nd 23% 23% China na 5% 5% Indon

  • nesi

sia 3% 3%

Global Market Share

Highlights: lights:

  • The expansion will focus on “Nitrile Gloves.”
  • Old & inefficient machines will be decommissioned

and replaced by new capacity.

  • The publicly-listed glove producers together account for 70%
  • f Malaysia’s glove production capacity.
  • Thailand has a competitive advantage in the production of

“Latex Gloves” as it is the source of the main raw material.

  • The Gov’t promotes domestic consumption of natural rubber

by giving 3% in interest rate subsidy to any manufacturers consuming more natural rubber, including glove producers.

[bn. pcs.]

Top 5 Capacity

Remark: FY2018 data

slide-21
SLIDE 21

12 12 14 14 14 14 14 14 17 17 21 21 24 24 30 30

5 10 15 20 25 30

End-2012 End-2014 End-2016 End-2017 End-2018 1H2019 End-2019 End-2020 Note:

STA’s Gl Glove ve Ca Capa pacity city Exp xpansion nsion Pla lan

21

+41% +73%

[bn. pcs.]

Capacity Expansion

Inorganic Growth [The Amalgamation Process]

Organic Growth

Suratt atthani Trang Songkhla

Proce cess ssing ing Facil ilit ities ies Locatio tion

slide-22
SLIDE 22

22

The Completion of the Amalgamation

Facilities

Area ea: 487 87 rai i in Trang, ng, Thaila land

Ware reho house se

The amalgamation of STGT and TK was completed as of 1 April il 2019 19. The new company is named “Sri Trang ng Glove ves (Thai haila land) nd) Publi lic Compa pany y Limite ted,” which was 81.08 .08% hold d by STA.

Expa pansi nsion

  • n:

~ 6,000 000 m.pcs.

. in Product uction n Capacity

Exi xist sting ng:

4,000 ,000

m.pcs.in Product uction Capacit city

slide-23
SLIDE 23

23

NATUR TURAL L RUBBER BBER MA MARKET RKET SIT ITUATION TION

3 3

slide-24
SLIDE 24

Deman and (LHS)

Gl Globa bal l NR Sit ituati uation

  • n

10.8 11.0 11.0 11.4 12.1 12.1 12.6 .6 13.2 .2 13.9 14.2 14.6 14.8 15.1 15.4 15.8 16.1 16.4 16.7 10.4 11.2 11.7 12.3 .3 12.1 12.3 .3 12.5 13.6 .6 13.9 14.3 14.6 14.8 15.2 15.4 15.8 16.1 16.5 16.8

(356) 205 612 911 (22) 129 (136) 341 34 31 24 36 22 (34) (31) 6 42 50

  • 4
  • 400

400 800

  • 5
  • 5

5 10 10 15 15 20 20

2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018F 2018F 2019F 2019F 2020F 2020F 2021F 2021F 2022F 2022F 2023F 2023F 2024F 2024F 2025F 2025F 2026F 2026F 2027F 2027F

(Unit : million tons) Supply ly (LHS) Supply ly Surp rplu lus s / (Defi eficit cit) (RHS)

Natural l Rubber Demand nd & S Supply ly

Glob

  • bal NR demand

nd is expected to be 14.2 .23 million n tons, s, +2.6 .6% in 201 019 9 and average ge +2.2 .2% in the next 3 years

Demand nd

Globa

  • bal

l NR supply pply is expected d to be 14.26 million

  • n tons

ns, , +2.6% in 2018 and d average +2.2% in the next 3 years. s.

Supply ply

(Unit : ‘000 tons) 24

  • Increased tapping frequency to maintain

the same levels of income

  • Increased untapped mature trees
  • Lack of good agro-management
  • Skilled labour shortages [shifting from

rubber farming to other jobs] Source : IRSG, December 2018

Short-term term impact ct Long-term term impact act

  • Discouragement of new planting
  • Delay of replanting schedule
  • Uprooting of rubber trees & replacing with
  • ther crops
  • 74% of NR consumption comes from the tire industry, whose demand is expected to

grow by 1.9% in 2019, in line with global tire production.

  • 26% of NR consumption comes from non-tire consumers, whose demand is expected to

increase sharply by 4.4% in 2019, driven by increased consumption by gloves producers.

slide-25
SLIDE 25

NR Supp pply ly

Source : IRSG, December 2018

Indonesia 25%

Thailand 36%

Vietnam 8% China 6% Cote d'Ivorie 5% India 5% CAMAL 4% Malaysia 5%

Others 6%

14.2 4.26

  • mil. ton
  • ns

2019F 19F globa bal produ ducti tion n growth th = 2.6% 6%

2019F 9F Major Produc ducers rs by Country ry

25

10,000 11,000 12,000 13,000 14,000

200 400 600 800 20 2010 10 20 2011 11 20 2012 12 20 2013 13 20 2014 14 20 2015 15 20 2016 16 20 2017 17 2018F 2019F 2020F 2021F 2022F 2023F 2024F 2025F 2026F 2027F

New ew p plan anting ing ( (LHS) HS) Rep Replan anti ting ( (LHS LHS) Total tal ar area ( a (RHS) HS)

NR Plant ntatio ions ns Area, , in 11 countri ries

(Unit: ‘000 H.A.)

5,193 3,547 1,139 834 834 670 670 660 660 658 658 648 648 210 210 123 123

1,0 ,000 2,0 ,000 3,0 ,000 4,0 ,000 5,0 ,000 6,0 ,000 Thailand In Indo donesia Vi Vietn tnam China Cote

  • te

d'I d'Ivor

  • rie

In Indi dia CAMAL AMAL Ma Malaysia Bra Brazil Guatemala

NR P R Prod

  • duct

ction

  • n (

(00 000' 0'ton tons) s)

+0.9% +1.7% +3.5% +2.8% +3.1% +7.1% +11.3 .3% +3.7%

2019F 9F NR Produc ductio ion

(Unit: ‘000 tons)

%grow

  • wth from

m 2018

+1.9% +3.4%

slide-26
SLIDE 26

4,0 ,000 8,0 ,000 12,0 ,000 16,0 ,000

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

NR NR:Tire ire NR: Non-T

  • Tir

ire

665 509 509 468 384 398 685 583 478 478 414 414 406

  • 1,0

,000 2,0 ,000 3,0 ,000 4,0 ,000 5,0 ,000 China Ma Malaysia In Indo donesia In Indi dia USA USA 2018 2019

China 39%

EU 9% India 9% USA 7% Thailand 6% Japan 5% Indonesia 4% Malaysia 4% Others 16%

2019F 9F Major NR Consume mers rs

201 019F 9F glob

  • bal grow
  • wth

h in consumpt sumption

  • n =

= 2.6% 6%

14.23 .23

  • mil. ton
  • ns

NR De Deman and

(Unit: ‘000 tons)

NR Consump mptio ion n [2017 17-202 2027F] 7F]

26

Source : IRSG, December 2018 4,840 888 829 625 642 4,909 901 897 644 644

  • 1,0

,000 2,0 ,000 3,0 ,000 4,0 ,000 5,0 ,000

Chin ina EU EU India ia US USA Ja Japan 2018 2019

NR Consump umptio ion n in Tire Industry ustry

China 49%

EU 9% India 9% USA 6% Japan 6% Others 21%10.09

09

  • mil. tons

(+1.9%)

China 16%

Malaysia 14% Indonesia 12% India 10%

USA 10% Others 38%4.14

  • mil. tons

(+4.4%)

(Unit: ‘000 tons) (Unit: ‘000 tons)

NR Consump mptio ion n in Non-Tir Tire Indust stry ry

slide-27
SLIDE 27

Co Commodity modity Pri rice ce Movem

  • vement

ent & & Qi Qingd ngdao ao and d SHF HFE Stock tocks s

27

Commodity

  • dity Pric

ice Moveme ment nt

Source : IRSG, December 2018 and Bloomberg

Qingda dao & SHFE Stocks ks, , China na [tons ns]

  • 1

100,000 2 200,000 3 300,000 4 400,000 5 500,000 6 600,000 7 700,000 Ja Jan-1

  • 14

Feb-14 Mar Mar-1

  • 14

Apr- r-14 May May-1

  • 14

Ju Jun-14

  • 14

Jul Jul-1

  • 14

Aug-1

  • 14

Sep ep-1

  • 14

Oct-1 Oct-14 No Nov-1

  • 14

Dec ec-1

  • 14

Ja Jan-1

  • 15

Feb-15 Mar Mar-1

  • 15

Apr- r-15 May May-1

  • 15

Ju Jun-15

  • 15

Jul Jul-1

  • 15

Aug-1

  • 15

Sep ep-1

  • 15

Oct-1 Oct-15 Nov Nov-1

  • 15

Dec ec-1

  • 15

Ja Jan-1

  • 16

Feb-16 Mar Mar-1

  • 16

Apr- r-16 May May-1

  • 16

Ju Jun-16

  • 16

Jul Jul-1

  • 16

Aug-1

  • 16

Sep ep-1

  • 16

Oct-1 Oct-16 Nov Nov-1

  • 16

Dec ec-1

  • 16

Ja Jan-1

  • 17

Feb-17 Mar Mar-1

  • 17

Apr- r-17 May May-1

  • 17

Ju Jun-17

  • 17

Jul Jul-1

  • 17

Aug-1

  • 17

Sep ep-1

  • 17

Oct-1 Oct-17 Nov Nov-1

  • 17

Dec ec-1

  • 17

Ja Jan-1

  • 18

Feb-18 Mar Mar-1

  • 18

Apr- r-18 May May-1

  • 18

Ju Jun-18

  • 18

Jul Jul-1

  • 18

Aug-1

  • 18

Sep-1

  • 18

Oct-1 Oct-18 Nov Nov-1

  • 18

Dec ec-1

  • 18

Ja Jan-1

  • 19

Feb-19

SHFE HFE QD QD QD D & SHF HFE

Note: There is no QD data announced since 20/10/18.

0% 0% 10% 20% 30%

Ja Jan-1

  • 19

Ja Jan-1

  • 19

Jan-1

  • 19

Ja Jan-1

  • 19

Ja Jan-1

  • 19

Feb-19 Feb-19 Feb-19 Feb-19 Mar Mar-1

  • 19

Mar Mar-1

  • 19

Mar Mar-1

  • 19

SICO SICOM -

  • TSR

TSR20 20 Bre rent Cr nt Crude ude O Oil Price Price Bloombe berg C g Commodi dity In y Index dex

slide-28
SLIDE 28

28

TSR20 20 Hi Historical storical Pri rices ces Movement vement [2004 – 2019]

  • 10

100 20 200 30 300 40 400 50 500 60 600

Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19

575 cent/k t/kg. 102 cent/ t/kg.

AET: 1 March 2016 – 31 August 2016 AET: 1 January 2018 – 31 March 2018 AET: 1 Octo tobe ber 2012 – March h 2013 13

Source : Bloomberg ABBREVIATION ON AET : Agreed Export Tonnage Scheme

228 cent/ t/kg.

TSR20 20 (US cent

nt : Kg.)

AET: 1 April 2019 – Septe tembe ber 2019

slide-29
SLIDE 29

29

6th of Agreed Exports Tonnage Scheme (AETS):

Cut ut Exports ports of NR NR ~240 240,000T ,000T News s Update ate

Export rtQuota

[tons] ns]

Jan’18-Mar’18

[3 Months] ths]

Apr’19-Aug’19

[4 Months] ths]

Period

Tota tal l Reducti tion 350,000 0,000 240,000 0,000

Thailand nd 230,000 126,000

20 May 19 – 19 August 19

Indonesi donesia 95,000 98,000

1 April 19 – 31 August 19

Malaysi ysia 20,000 16,000

The US anno noun unced d an increas rease in tariff ff on rubb bber r prod

  • ducts

s imported

  • rted from
  • m China,

na, from

  • m

10% 10% to 25%, effectiv

tive from

  • m

10 May 2019 19 onwards rds. .

The US’s Tariff Sche hedule dule for Gloves

Produc

  • duct

Coun untry ry of Origi gin Thailand nd Malaysi ysia China na Latex & Nitrile rile

Medical Free Free Free* Non-Medical GSP 3% 3% + 25%**

Vinyl yl

Medical Free Free Free* Non-Medical Free Free Free*

Note: *This will be considered on mid-June 2019. **It was increased from 10%.

slide-30
SLIDE 30

30

Conta tact t Inve vestor stor Relations tions Tel:(+66)2-207-4500 Ext. 1402 E-Ma Mail il:IR@sritranggroup.com