Somboon Advance Technology Public Co. Ltd. · SET:SAT

Somboon Advance Technology Public — Somboon Advance Technology — FY2010 Earnings Presentation

41 slides from Somboon Advance Technology Public's earnings presentation, 2011

  1. Slide 1: Page 1

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  2. Slide 2: Page 2

    — _ a INDUSTRIES ee — a —

  3. Slide 3: Car assembly and domestic sales

    Q1-Q3 Q1-Q3 % CAR ’09 ’10 Increase Unit: 1,000 Cars Assembly 651 1,197 84% 1,800 Domestic 366 556 52% 1,645 Sales 1,600 CAR Q4 ’09 Q4 ’10 % increase 1,392 65% 1,400 1,301 7% Assembly 348 448 29% -28% Domestic 1,200 999 Sales 182 244 34% 1,000 800 Assembly 800 631 -3% 614 -11% 46% Domestic Sales 600

  4. Slide 4: Car exports

    % CAR Q1-Q3’09 Q1-Q3’10 increase Export 259,781 438,805 69% Unit: Million Baht CAR Q4 ’09 Q4 ’10 % 700,000 increase Export 119,706 145,204 21% 600,000 584,009 515,931 500,000 469,303 10% -26% 54% 379,487 400,000 300,000 200,000 100,000 0 Y2007 Y2008 Y2009 Y2010 Page 4 Source: The Federation of Thai

  5. Slide 5: Air conditioner manufacturing and export

    Q1-Q3 Q1-Q3 % Air Condition ’09 ’10 increase Manufacturing 4,752 7,944 67% Export 4,268 6,492 52% Unit: 1,000 Units % 12,000 Air Condition O4’09 O4’10 increase 10,439 Manufacturing 1,510 2,495 65% 10,000 9,355 -4% 9,006 Export 1,391 2,170 56% 67% 8,662 8,297 8,016 8,000 -30% -3% 6,262 53% -29% 5,659

  6. Slide 6: Compressor manufacturing and export

    Q1-Q Q1-Q3 % Compressor 3 ’09 ’10 increase Manufacturing 5,989 8,253 38% Unit: 1,000 Units Export 3,318 3,759 13% 12,000 11,055 % Compressor O4’09 O4’10 increase 10,000 33% Manufacturing 2,301 2,802 22% 8,652 6% 9,210 -10% 8,290 Export 990 1,214 23% 8,000 6,000 4,973 Manufacturing 4,480 15% 4,156 -4

  7. Slide 7: Refrigerator manufacturing and export

    Q1-Q3 Q1-Q3 % Refrigerator ’09 ’10 increase Manufacturing 2,493 2,960 19% Export 1,737 2,108 21% Unit: 1,000 Units 4,500 Refrigerator Q4 ’09 Q4 ’10 % increase 3,973 4,000 19% Manufacturing 845 1,013 20% 3,606 3,304 9% -7% 585 764 31% Export 3,500 3,338 3,000 2,872 2,652 2,462 2,322 2,500 8% -12% 24%

  8. Slide 8: Laundry manufacturing and domestic sales

    % Laundry Q1-Q3 ’09 Q1-Q3 ’10 increase Manufacturing 3,604 3,964 10% Unit: 1,000 Units Domestic Sales 928 1,086 17% 6,000 5,368 5,424 Laundry Q4 ’09 Q4’10 % increase 12% -11% 4,772 14% 5,000 4,790 Manufacturing 1,168 1,460 25% Domestic Sales 337 392 16% 4,000 3,000 Manufacturing Domestic Sales 2,000

  9. Slide 9: Operating results Q4'10 vs Q4'09 by segment

    Operating results Q4'10 vs. Q4’09 ss by Segment

  10. Slide 10: Group: Q4'10

    Group : Q4’10 MB Sales EAT 2000 1,823 500 1600 400 +96% 1200 300 931 800 200 +139% 400 100 87 36 0 0 3.9% 4.7% Q4'09 Q4'10 Q4'09 Q4'10 Page 10

  11. Slide 11: Automobile: Q4'10

    Automobile : Q4’10 MB Sales EAT 240 240 200 200 +29% 152 160 160 118 120 120 80 80 +38% 40 40 23 31 0 0 19.3% 20.7% Q4'09 Q4'10 Q4'09 Q4'10 Page 11

  12. Slide 12: OEM: Q4'10

    OEM : Q4’10 MB Sales EAT 1200 500 1,013 1000 400 800 +165% 300 600 200 382 400 100 +179% 200 -11 9 0 0 -2.8% 0.9% -100 Q4'09 Q4'10 Q4'09 Q4'10 Page 12

  13. Slide 13: Parts: Q4'10

    Parts : Q4’10 MB Sales EAT 1200 1200 1000 1000 800 800 607 +57% 600 600 388 400 400 +135% 200 200 20 47 0 0 5.3% 7.8% Q4'09 Q4'10 Q4'09 Q4'10 Page 13

  14. Slide 14: Others: Q4'10

    Others : Q4’10 MB Sales EAT 240 240 200 200 160 160 120 120 +19% 80 80 43 51 -127% 40 40 5 -1 0 0 11.4% -2.6% Q4'09 Q4'10 -40 Q4'09 Q4'10 Page 14

  15. Slide 15: Operating results Y10 vs Y09 by segment

    Operating results Y10 vs. YO9 7 by segmen t

  16. Slide 16: Group: Y10

    Group : Y10 MB Sales EAT 10000 1000 8,248 8000 +68% 800 6000 4,901 600 +174% 4000 400 381 2000 200 139 0 0 2.8% 4.6% Y09 Y10 Y09 Y10 Page 16

  17. Slide 17: Automobile: Y10

    Automobile : Y10 MB Sales EAT 800 500 570 400 600 +78% 300 400 320 200 +120% 200 109 100 50 0 0 15.5% 19.2% Y09 Y10 Y09 Y10 Page 17

  18. Slide 18: OEM: Y10

    OEM : Y10 MB Sales EAT 6000 600 5,033 5000 +70% 500 4000 400 2,963 3000 300 2000 200 +680% 76 1000 100 10 0 0 0.3% 1.5% Y09 Y10 Y09 Y10 Page 18

  19. Slide 19: Parts: Y10

    Parts : Y10 MB Sales EAT 3000 600 2,436 2500 500 +64% 2000 400 1,488 1500 300 +157% 200 1000 200 500 100 78 0 0 5.2% 8.2% Y09 Y10 Y09 Y10 Page 19

  20. Slide 20: Other: Y10

    Other : Y10 MB Sales EAT 800 500 400 600 300 400 200 +61% 209 200 130 100 1.7 -370% -4.5 0 0 1.3% -2.1% Y09 Y10 -100 Y09 Y10 Page 20

  21. Slide 21: Page 21

    Page 21

  22. Slide 22: Current and quick ratio

    times 4 AR 606 AR 1,124 AP 667 AP 1,293 3 2.01 2 1.77 1.53 1.36 1 0 Y09 Y10 Current Quick Page 22

  23. Slide 23: Cash Cycle

    Cash Cycle Y09 Y10 AR 41 AP 59 AR 38 AP 48 Inven Inven 24 Cash 11 Cash 6 1 Page 23

  24. Slide 24: Page 24

    30% 20% 16% 10% 6% 0% Y09 Y10 Page 24

  25. Slide 25: Page 25

    30% 22% 20% 8% 10% 0% Y09 Y10 Page 25

  26. Slide 26: Page 26

    2.00 AP 1,293 MB 1.50 AP 667 MB 1.00 0.92 0.49 0.50 0.00 Y09 Y10 Page 26

  27. Slide 27: Page 27

    2.00 1.50 1.00 0.50 0 0 0.00 Y09 Y10 Page 27

  28. Slide 28: Page 28

    1.6 1.33 1.2 0.8 0.48 0.4 0 Y09 Y10 Page 28

  29. Slide 29: Page 29

    1.6 1.2 1.00 0.70 0.8 0.4 0 Y09 Y10 Page 29

  30. Slide 30: At the Stock Exchange of Thailand

    At the Stock Exchange of Thailand Page 30

  31. Slide 31: Production pieces: actual vs target

    (Pieces) 500,000 446,413 440,000 446,413 390,910 400,000 INCREASE 21% 300,000 200,000 100,000 47,512 57,315 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 Actual 2009 Target 2010 Actual 2010 Q 4/2009 Q 4/2010 Page 31

  32. Slide 32: Production pieces: actual vs target

    (Pieces) 2,500,000 2,173,514 2,173,514 2,000,000 INCREASE 1,315% 1,500,000 1,250,398 1,100,000 1,000,000 834,507 500,000 88,310 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 Actual 2009 Target 2010 Actual 2010 Q 4/2009 Q 4/2010 Page 32

  33. Slide 33: Production pieces: actual vs target

    (Pieces) 40,000 35,157 36,000 35,157 30,000 INCREASE 69% 20,000 11,784 12,043 10,000 7,123 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 Actual 2009 Target 2010 Actual 2010 Q 4/2009 Q 4/2010 Page 33

  34. Slide 34: Production pieces: actual vs target

    (Pieces) 800,000 675,268 675,268 635,000 600,000 INCREASE 9% 400,000 200,000 63,290 28,908 31,437 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 Actual 2009 Target 2010 Actual 2010 Q 4/2009 Q 4/2010 Page 34

  35. Slide 35: At the Stock Exchange of Thailand

    Page 35 At the Stock Exchange of Thailand

  36. Slide 36: Production pieces: actual vs target

    (Pieces) 600000 547,518 547,518 500000 433,000 400000 INCREASE 443% 300000 202,730 200000 123,518 100000 22,724 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 (Pieces) Page 36

  37. Slide 37: Production pieces: actual vs target

    (Pieces) 4500000 4,260,000 3,960,363 3,960,363 4000000 3500000 3000000 Move Production 2500000 2,274,853 base to SPEC 2000000 1500000 1000000 500000 305,204 0 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 (Pieces) Page 37

  38. Slide 38: Production pieces: actual vs target

    (Pieces) 400000 365,845 365,845 350,000 350000 300000 250000 INCREASE 668% 200000 150000 110,821 100000 73,769 50000 14,434 0 Target Actual Quarter Quarter Actual Actual 2009 2010 2010 2010 4/2009 4/2010 Page 38

  39. Slide 39: Production pieces: actual vs target

    (Pieces) 1200000 1000000 956,169 956,169 800000 660,000 616,412 INCREASE 127% 600000 400000 206,263 200000 91,012 0 Actual Actual Target Actual Quarter Quarter 2009 2010 2010 2010 4/2009 4/2010 Page 39

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Somboon Advance Technology — FY2010 Earnings Presentation on 6ix