Opportunity Day Q3 2015 Financial Results 25 March 2015
Disclaimer This document has been prepared by Eastern Polymer Group Public Company Limited (“EPG”) solely for the reference of intended recipients only. The data, information, analysis and valuations contained herein in this document have been prepared based solely on information obtained from public sources on or prior to the date hereof. EPG has neither independently verified nor in the future intended to verify such information. No representation or warranty, expressed or implied, is or will be made in relation to the accuracy or completeness of the information contained in this document or any oral information provided in connection therewith, or the data it generates and no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by EPG or their affiliates or by any of their respective officers, employees or agents in relation to it. In particular, no representation or warranty is given as to the achievement or reasonableness of future projections, estimates, prospects, returns, if any. Any views contained herein are based on financial, economic, market and other conditions prevailing as at the date of this document. EPG does not intend, and therefore shall not be held liable, to update all the information contained herein this Document. Any disclosure or distribution of the information in this document, partly or wholly, to third parties other than the intended recipients without prior written consent from EPG is strictly forbidden. 2
Agenda About EPG Business Overview Investment Highlights Financial Highlights Outlook 3
Milestones Eastern Polymer Industries Co., Ltd. was established 1978 Commencing the manufacture of rubber insulation and accessories under the "AEROFLEX" trademark 1989 Expanding the business into a plastic industry Major expansion of production plant with establishment of the International Polymer Park industrial estate (IPP) in 1994 Rayong province 1995 Establishing the joint ventures business with partners from Japan and Malaysia Entering the automotive parts industry with a major investment in truck bed liner manufacture under the "AEROLINER" 1996 and "HEROLINER" brands Business expansion in the plastic industry through acquisition of Thai Modern Plastic Plc. 2001 Establishing Eastern Polypack Co., Ltd. to manufacture plastic packaging under the "EPP" trademark. Embracing innovative "No-Drill" technology for truck bedliners for the first time in the world 2002 Expanding to overseas market by established Aeroflex Insulation (Shanghai) Co., Ltd. in China 2003 Investing in the manufacture and distribution facilities for insulation business in Tennessee, USA. Commissioned to manufacture roof ventilation, indoor lighting system and airconditioning systems for Suvarnabhumi 2005 International Airport 2006 Establishment of EPG Innovation Center Co., Ltd. 2011 Establishing the manufacture and distribution facilities for auto part business in China, Australia and USA. 2012 Establishing Aeroflex Europe GmbH in Germany. 2013 The group restructured its organization and transformed Eastern Polymer Group Public Company Limited 4 2014 First trade in the SET on 24th December
Group Structure Eastern Polymer Group Plc 100.0% 100.0% 100.0% 100.0% 100.0% Plastic Other Car Accessories Research and Insulator Business Joint Venture Packaging Supporting Business Development Business Business Aeroflex Aeroflex Polymer Eastern Poly EPG Innovation Tokai Eastern (AFC) Aeroklas 20.0% Pack Technology Center Rubber (ARK) (Shanghai) (EPP) (EIC) (TER) (APT) Aeroflex USA 100.0% Aeroklas USA Zeon Advanced (AUS) 27.0% 100.0% Polymix (ARK-USA) (ZAP) APS 60.0% Aeroklas (APS) Australia 100.0% (ARK-AU) ALP Aeroflex India 40.0% Aeroklas (AAI) Shanghai 100.0% (ARK-SH) Aerocell Construction 40.0% Material (Jiangsu) Aeroklas Europe 74.9% (ACM) (ARK-EU) Aeroflex 40.0% (AEU) 5 Remarks : Group structure as of 30 Jun 2014
Agenda About EPG Business Overview Investment Highlights Financial Highlights Outlook 6
Business Overview Auto parts Construction Material Packaging • • World’s best quality and Innovative ODM player • Leading ODM player with recognized by world’s leading property rubber insulator capability in designing auto makers (Patented EPDM technology innovative products & NBR) • • Leading trend setter in high Outstanding production • quality commercial car Well-established technology with world accessories class standard recognition expansion platform to capture international • Patented non-drilled opportunity technology Revenue Contribution (TH mm) 2,116 2,177 1,720 1,650 EPP 2,590 2,282 1,962 AEROKLAS 1,758 AEROFLEX 2,134 2,044 1,946 1,726 7 Source: Company Remarks: Fiscal Year Ended 31 March 2012 2013 2014 9M 2015
Products Capacity (as of 1H 2015) Rubber insulator (EPDM & NBR) EPDM + Other 20,000 tons/ year Aero Acoustic & Aero-roof Tape, rigid foam, flexible duct, etc. 9M 2015 Revenue breakdown by region Domestic 29% Production facilities = 6 Thailand, USA, Germany, India, China (2) International 71% Licensing = 2 Russia, Switzerland 8 Source: Company Remarks: Fiscal Year Ended 31 March
Well Established Platforms to Capture Growth in Potential Markets International Expansion Platforms Market Shares Geography Actively Engaged Year (%) World World Thailand (1978) Thailand Types of Platform Country Number USA (2010) USA Thailand 1 Others Main Production Plant 80% Asia Japan (2002) USA 1 Wholly Owned Subsidiary Philippines (1985) China 1 Vietnam (1999) Others 70% China 1 Indonesia (2001) Joint Venture India 1 German 1 Others Germany (2013) 1 Switzerland (2006) Others Licensing Switzerland 96% Russia (2012) Russia 1 Distributor/Agent Worldwide 78 Source: Company 9
Products Capacity (as of 1H 2015) Bed liner (HDPE), deck cover (PC ABS), canopy Bed liner 800,000 pieces/ year (ABS Alloy), side step (Polymer Alloy) Deck cover 24,000 sets/ year Soft cover, truck body, U-Box Canopy 24,000 sets/ year Side step 100,000 pairs/ year 9M 2015 Revenue breakdown by region Domestic 45% Distribution International 55% Owned brand = Aeroklas ODM with leading car manufacturers Production Facilities = 2 Thailand, China 10 Source: Company Remarks: Fiscal Year Ended 31 March
Company Highlights Product Performance Invented Historical Revenue World Market 1 Penetration Rate (%) Year (THB mm) Share (%) • One of the trend setter in commercial car accessories Bed Liner industry (ODM & OBM) • Accepted by most of the reputable world leading 1995 automaker companies 838 2 Deck Cover (ODM & OBM) 2004 385 Patented No drilling Patented Double ABS Light Weight Installation “Bed Liner” Alloy “Canopy” Plastic “Side Step” Canopy (ODM & OBM) 2006 3 Thailand (1) Side Step (ODM & OBM) • Applicable to USA (1), Germany (1), 2015 Pick up China (1), and Truck Australia (1) SUV Source: Company 11 Remarks: Fiscal Year Ended 31 March
Products Capacity (as of 1H 2015) Plastic cups: PS (GPPS, HIPS,K-Resin), PET, PP Plastic food 24,000 tons/ year packaging Food container, snack package Plastic sheet 5,000 tons/ year Plastic sheet 9M 2015 Revenue breakdown by region Distribution International 13% Wholesalers, Made-to-order clients, and International clients. Production Facilities = 1 Domestic 87% Thailand 12 Source: Company Remarks: Fiscal Year Ended 31 March
Company Highlights Products Performance 1 Fiscal Year Ended March • Offers vast variety of products with full range of materials (THB mm) including GPPS/PP/PET cup • Outstanding technology and innovation enables EPP to provide well-designed products that fit with end-users lifestyle Plastic food 5% packaging • Premium products with finest quality accepted by many leading domestic/international companies 1,360 2 Innovative Product Well-designed Plastic Design with High Cups for Customer Quality 3 Plastic sheet 303 South East Asia 13 Source: Company Remarks: Fiscal Year Ended 31 March
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