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

  1. 1. Page 1Opportunity day7May13
  2. 2. Page 2AgendaHome Appliance SegmentOverallAutomotive SegmentRatios
  3. 3. 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
  4. 4. Page 4Home appliance segment
  5. 5. 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%
  6. 6. 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
  7. 7. 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
  8. 8. Page 8Automotive Segment
  9. 9. 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%
  10. 10. 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
  11. 11. Page 11
  12. 12. Page 12AP,(73)CCC,(8)AR ,52INV,13Jan-Mar2013AP,(64)CCC,(6)AR ,46INV,12Y12Cash cycleY07-Y12 : +20 +13 +6 +1 -3 -6
  13. 13. 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
  14. 14. 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
  15. 15. Page 15SPECSCAN(Phase 1)SSMASCAN Progress of Factory Construction
  16. 16. Page 16Construction SitePiling of D-Center (Finished) Piling of Factory (Finished) Reinforce Concrete Work(under construction)Steel Work(start)Concrete Road Worker Camp
  17. 17. Page 17Thank you

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