SNC : Opp day May 7, 2013
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SNC : Opp day May 7, 2013

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SNC : Opp day May 7, 2013

SNC : Opp day May 7, 2013

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    SNC : Opp day May 7, 2013 SNC : Opp day May 7, 2013 Presentation Transcript

    • Page 1Opportunity day7May13
    • Page 2AgendaHome Appliance SegmentOverallAutomotive SegmentRatios
    • Page 313617679105159-2004006008001q12 2q12 3q12 4q12 1q13SNC1,8012,2481,7101,8882,313010002000300040001q12 2q12 3q12 4q12 1q13unit: MB7.5% 7.8%Sale EAT4.6% 5.6%+28% yoy+17% yoyY07 Y08 Y09 Y10 Y11 Y12Sale 2712 4021 4901 8248 8324 7648EAT 206 99 139 381 520 494% 7.6% 2.5% 2.8% 4.6% 6.2% 6.5%6.8%HA 132Auto 34SSMA -4SCAN -3Total 159HA 109Auto 28SSMA -1SCAN 0Total 136HA 1,586Auto 215SSMA 0SCAN 0Total 1,801HA 2,053Auto 260SSMA 0SCAN 0Total 2,313
    • Page 4Home appliance segment
    • Page 54.8 5.4 6.6 6.8 7.405101520Y2009 Y2010 Y2011 Y2012 Y2013-F4.7 5.7 6.2 7.28.405101520Y2009 Y2010 Y2011 Y2012 Y2013-F11.814.3 13.1 12.4 13.105101520Y2009 Y2010 Y2011 Y2012 Y2013-F10.715.7 15.018.1 19.005101520Y2009 Y2010 Y2011 Y2012 Y2013-FProduction in Thailand Unit: 1,000,000 unitsAir conditioner CompressorRefrigerator Washing machineSource : EEI. Y13 : estimated by SNC47% -4% 21% 21% -8%21% 9% 16% 12% 22% 4%-6%Y’12 Y’13 ChangeQ1 4.3 5.0 16%Year 18.1 19.0 5%Y’12 Y’13 ChangeQ1 3.0 3.1 3%Year 12.4 13.1 6%Y’12 Y’13 ChangeQ1 1.6 1.7 3%Year 7.2 8.4 16%Y’12 Y’13 ChangeQ1 1.8 3.6 100%Year 6.8 7.4 9%5% 6%16% 9%
    • Page 6Production in Thailand (Q1)4.33.30123456Q1/Y2012 Jan-Mar/Y20133.02.101234Q1/Y2012 Jan-Mar/Y20131.61.10.00.51.01.52.0Q1/Y2012 Jan-Mar/Y20131.82.40.01.02.03.04.0Q1/Y2012 Jan-Mar/Y2013Unit: 1,000,000 unitsAir conditioner CompressorRefrigerator Washing machineQ1-F5.0Q1-F3.1Q1-F1.7Q1-F3.6Source : EEI. March: estimated by SNC
    • Page 7Home appliance1,5862,0231,4621,6232,053010002000300040001q12 2q12 3q12 4q12 1q1310916076 76132-2004006008001,0001q12 2q12 3q12 4q12 1q136.9% 7.9%Sale EAT5.2%unit: MB+21% yoy4.7% 6.4%Sale+29% yoyOEM 963Parts 1,090Total 2,053OEM 649Parts 937Total 1,586OEM 13Parts 96Total 109OEM 26Parts 106Total 132
    • Page 8Automotive Segment
    • Page 9Thailand Car Assembly8456639933081,2508007951,4354131,25005001,0001,5002,0002,500Y2010 Y2011 Y2012 Q12013 Y2013-FDomesticExportUnit: 1,000 Cars7211,645 1,45843%57%51%49%45%55%41%59%2,500-11%2,42850%50%Source: The Federation of Thai Industries & Thailand Automotive InstituteCAR Q1’12 Q1’13%IncreaseAssembly 500 721 44%DomesticSales279 413 48%67%
    • Page 10Automotive215 225248266 260-1002003004005001q12 2q12 3q12 4q12 1q132819 1929340204060801001q12 2q12 3q12 4q12 1q138%13%Sale EAT7.7%unit: MB11%+21% yoy+21% yoy13%Pipe 193Plastic 67Total 260Pipe 172Plastic 43Total 215Pipe 29Plastic 5Total 34Pipe 24Plastic 4Total 28
    • Page 11
    • Page 12AP,(73)CCC,(8)AR ,52INV,13Jan-Mar2013AP,(64)CCC,(6)AR ,46INV,12Y12Cash cycleY07-Y12 : +20 +13 +6 +1 -3 -6
    • Page 1314%17%25%31%0%10%20%30%40%Y12 1q13ROA ROEROA : Y07-Y12 : 12%, 5%, 6%, 16%, 18%, 14%ROFA: Y07-Y12 : 37%, 17%, 17%, 45%, 50%, 36%ROE : Y07-Y12 : 17%, 5%, 8%, 22%, 28%, 25%0.92 0.98D(int)/E,0.02D(int)/E,0.02-0.51.01.52.0Y12 1q13D/E D(int)/ED/E : Y07-Y12 : 0.6, 0.6, 0.5, 0.9, 0.6, 0.9D(int)/E : Y07-Y12 : 0.0, 0.0, 0.0, 0.0, 0.0, 0.02times
    • Page 147.0 7.624.5 24.6-1020304031/12/12 31/3/13BVPS SPSBVPS : Y07-Y12 : 6.1, 5.9, 5.9, 6.3, 6.7, 7.0SPS : Y07-Y12 : 13.0, 4.0, 6.4, 18.6, 21.9, 24.5Baht1.81 1.721.60 1.60-123Y11 Y12EPS DPSEPS : Y07-Y12 : 0.99, 0.33, 0.48, 1.33, 1.81, 1.72DPS : Y07-Y12 : 0.55, 0.45, 0.70, 1.00, 1.60, 1.60DPS : Y07-Y12 : 66%, 136%, 145%, 75%, 88%, 93%BahtPolicy ≥ 50% of EAT(1.00+0.60) (1.00+0.60)93%88%3.5 times 3.25 times
    • Page 15SPECSCAN(Phase 1)SSMASCAN Progress of Factory Construction
    • Page 16Construction SitePiling of D-Center (Finished) Piling of Factory (Finished) Reinforce Concrete Work(under construction)Steel Work(start)Concrete Road Worker Camp
    • Page 17Thank you