1Q16 ANALYST PRESENTATION 1 1Q16 RESULTS 2 SICOM Oil Price - FX - PowerPoint PPT Presentation

SRI TRANG AGRO-INDUSTRY PUBLIC COMPANY LIMITED 1Q16 ANALYST PRESENTATION 1

1Q16 RESULTS 2

SICOM – Oil Price - FX 1Q15 2Q15 3Q15 4Q15 1Q16 SICOM Price RSS (US cent : Kg.) 200 TSR 180 160 140 120 100 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Crude Oil Price 80 (USD : Bbl.) 60 40 20 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 37 36 THB/USD 35 Movement 34 33 32 31 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 3

Financial Highlights FY’14 FY’15 Q1’15 Q4’15 Q1’16 (THB million) %YoY %YoY %QoQ ▼ 19% 15,467 16,695 ▲ 15% ▲ 8% Revenue 75,530 61,292 14,512 Sale volume ▼ 7% 302,962 363,105 ▲ 35% ▲ 20% 1,204,342 1,119,966 268,892 (tons) Avg. selling price ▼ 19% 45,117 40,465 ▼ 16% ▼ 10% 60,583 48,858 48,265 (Baht per ton) ▲ 5% 617 817 ▼ 21% ▲ 32% Gross profit 3,348 3,521 1,040 ▲ 7% 1,059 749 ▼ 30% ▼ 29% Adj. gross profit* 4,642 4,981 1,077 ▲ 17% 314 174 ▼ 78% ▼ 44% EBITDA 2,568 3,008 788 ▲ 8% (47) (166) ▼ 156% ▼ 251% Net profit 1,038 1,118 297 ▲ 200bps 6.8% 4.5% ▼ 290bps ▼ 230bps Adj. GP margin* 6.1% 8.1% 7.4% ▲ 40bps (0.3%) (1.0%) ▼ 300bps ▼ 70bps Net profit margin 1.4% 1.8% 2.0% *Adjusting for (reversal) allowance of inventory and realised gains /(losses) from hedging activities 4

Revenues & Sale volume Revenue by Product (THB million) Sale Volume by Geography (tons) RSS TSR Con. Latex Others PRC Asia (Ex PRC) USA Europe Others +35.0% +15.0% +19.9% +7.9% 363,105 880 11,485 302,962 17,715 16,695 222 278,908 16,236 269,204 8,464 15,077 15,467 2,001 268,892 441 1,774 14,512 2 15,018 161 1,798 9,432 7,058 1,467 137,952 1,144 1,269 13,843 1,534 13,137 1,042 17,482 1,316 20,024 1,147 140,544 135,642 124,812 123,848 12,089 11,726 11,248 10,503 11,006 195,073 120,256 138,715 119,850 111,016 1,467 1,328 1,321 1,461 1,347 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 5

Gross Profit Gross Profit Adjusted Gross Profit* THB mm Margin % THB mm Margin % -21.4% -30.5% +32.4% -29.3% 2,000 10.0% 2,000 10.0% 9.6% 1,800 1,800 8.7% 8.6% 1,600 8.0% 1,600 8.0% 6.8% 1,400 1,400 7.4% 7.2% 1,440 1,405 1,200 6.0% 1,200 6.0% 1,294 4.9% 1,000 1,000 4.5% 1,077 1,059 1,040 4.0% 800 4.0% 800 4.0% 3.5% 817 749 600 600 617 570 400 2.0% 400 2.0% 200 200 0 0.0% 0 0.0% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 *Adjusting for (reversal) allowance of inventory and realised gains /(losses) from hedging activities 6

EBIT & Net Profit EBIT (THB million) Net Profit (THB million) Share of profits from associates & a Joint Venture Net profit Net profit margin % Operating profits -155.7% -251.3% -117.3% -1,253.6% 1,000 4.0% 3.4% 3.5% 800 3.0% 2.0% 2.5% 715 600 675 2.0% 554 150 243 518 2.2% 400 68 1.5% 350 1.0% 297 200 525 486 473 8 0.5% 188 97 0 -47 0.0% (180) Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 (193) -166 -0.5% -0.3% -200 -96 -1.0% -1.0% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 -400 -1.5% 7

BUSINESS UPDATES 8

Upstream Business - Rubber Plantation Area for Rubber Plantation Estimated Mature Plantation (rai) Tapping 40,000 1% Mature plantation Under 33,993 Accum. mature plantation 35,000 development 14% 30,000 25,000 51,670 rai 20,947 8,267 HA 20,000 15,000 13,046 11,983 Under 10,000 8,964 gestation 6,523 85% 5,460 3,251 5,000 2,771 3,272 480 180 300 180 0 2016 2017 2018 2019 2020 2021 2022 Note: Information as of 31 March 2016 9

Midstream Business – NR Processing Production Capacity (Mil. tons) Capacity Expansion Plan • In 2016, a new plant in Loei and Optimum capacity 2.4 two expansion plant in Buriram and Engineering capacity 2.4 Ubon RatchThani adding around 2.1 209,000 tons (or adding optimum Technically Specified Rubber 1.9 1.9 capacity of 120,000 tons). 1.8 1.7 1.6 1.5 • Engineering capacity in 2016 1.5 1.3 1.3 1.3 included capacity of Thaitech Rubber Co., Ltd. of 315,360 tons. 1.2 1.1 1.0 (Optimum capacity = 254,016 tons) 0.8 0.9 0.8 0.7 Rubber Sheet 0.6 0.6 0.5 0.3 0.0 Concentrated Latex 10

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