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SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN ... To Become the Auto Parts Manufacturing Leader in ASEAN 2Q09 Operating Results 2Q09 Operating Results th August 2009 28 th August 2009 28 Agenda Industry

  1. SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN… … ... To Become the Auto Parts Manufacturing Leader in ASEAN 2Q09 Operating Results 2Q09 Operating Results th August 2009 28 th August 2009 28

  2. Agenda • Industry Overview • Group Business • Performance Review • Future Outlook • Appendices

  3. Thailand Car Production & Sales Thousand units 1,600 1,394 1,287 1,188 Asia’s 1,125 1,200 Recovery 940 (- 33%) 928 775,652 751 800 Asia Financial 690,100 682,161 510,000 Crisis of (-34% ) 703,261 585 1997-98 626,026 631,251 615,270 459 538,966 412 533,176 363,156 296,985 440,705 400 409,362 360 430,000 262,189 327 (-30%) 332,053 181,471 144,065 218,330 235,122 158 175,299 152,835 125,702 67,857 42,218 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009F Actual Production TAI & FTI Prod Forecast Domestic Sales Export Sales Source: 1997-2008 Federation of Thai Industry 3

  4. 6M09 Car Production & Sales (units) 2009 Sales Jan Feb Mar Apr May Jun Jul June 2009 Production Sales Dom P/C 13,912 14,587 16,864 16,361 17,927 19,340 (By Type) Units % Growth Units % Growth P/U 16,222 17,563 21,610 21,065 20,209 21,498 Dom Sales Domestic P/C 18,323 -23.3% 19,340 -9.2% 32,085 34,361 41,328 39,713 40,539 43,402 43,156 Exp SP/C 8,945 5,721 6,310 5,972 7,390 9,111 P/U 19,789 -50.4% 21,498 -15.7% P/U 40,509 38,888 38,465 22,691 24,523 26,292 Others 1,202 -32.9% 2,564 -22.8% Exp Sales 49,454 44,609 44,775 28,663 31,913 35,403 Total Domestic 39,314 -40.0% 43,402 -13.4% Export P/C 9,111 -39.6% 9,111 -39.6% Jan Feb Mar Apr May Jun Jul %Growth P/U 26,292 -47.3% 26,292 -47.3% Dom Sales -29.8% -30.7% -37.8% -27.4% -26.2% -13.4% -3.6% Total Export 35,403 -45.5% 35,403 -45.5% YTD -29.8% -30.3% -33.4% -31.9% -30.7% -28.0% -25.0% Total P/C 27,434 -29.6% 28,451 -21.8% Exp Sales -15.5% -32.5% -38.6% -45.8% -54.4% -45.5% P/U 46,081 -48.7% 47,790 -36.6% YTD -15.5% -24.5% -29.7% -33.1% -37.8% -39.1% Others 1,202 -32.9% 2,564 -22.8% Total Sales -21.8% -31.7% -38.2% -36.5% -42.0% -31.5% Grand Total 74,717 -42.8% 78,805 -31.5% YTD -21.8% -27.0% -31.4% -32.5% -34.5% -34.0% 6M09 Production Sales Production -33.0% -50.6% -51.1% -45.0% -50.8% -42.8% (By Type) Units % Growth Units % Growth YTD -33.0% -42.4% -45.6% -45.4% -46.6% -45.9% Domestic P/C 79,609 -27.5% 98,991 -15.2% 6M09 Production Sales P/U 68,267 -68.1% 118,167 -35.7% (By Brand) Units % Growth Units % Growth Others 6,392 -37.0% 14,270 -32.3% Toyota 172,395 -42.2% 192,447 -31.6% Total Domestic 154,268 -53.8% 231,428 -28.0% Isuzu/GM 49,320 -60.0% 67,546 -41.9% Export P/C 43,449 -53.4% 43,449 -53.4% Mitsubishi 35,226 -57.1% 45,796 -43.3% P/U 191,368 -34.5% 191,368 -34.5% Honda Total Export 234,817 -39.1% 234,817 -39.1% 55,832 -29.0% 58,773 -28.2% Nissan 24,619 -38.0% 29,618 -20.0% Total P/C 123,058 -39.4% 142,440 -32.1% AAT (Ford&Mazda) 39,227 -42.6% 43,362 -34.0% P/U 259,635 -48.7% 309,535 -35.0% Others 12,466 -57.4% 28,703 -34.5% Others 6,392 -37.0% 14,270 -32.3% Total 389,085 -45.9% 466,245 -34.0% Grand Total 389,085 -45.9% 466,245 -34.0% Source: TAIA 4

  5. 6M09 Car Production & Sales Overview 800,000 Units Passenger 19% Exp 700,000 719,189 Sales Pick Up & PPV 81% 600,000 - 4 5 500,000 . Passenger 9 % 43% Others 385,370 Dom 6% 389,085 400,000 Sales Pick Up & PPV 321,475 51% 300,000 234,817 231,428 -39.1% 200,000 -28.0% Passenger 32% Prod Others 100,000 2% Pick Up & PPV 67% 0 6M08 6M09 Production Domestic Sales Export Sales Source : TAIA (pls. find details on page 31) 5

  6. 6M09 Car Production by Type & Brand 800,000 Units 10,150 Nissan 6% 700,000 Toyota Mitsubishi 1% 43% 202,983 P/C Others 600,000 5% Honda 500,000 45% 6,392 400,000 123,058 Isuzu -39.4% AAT 300,000 19% 15% 506,056 Mitsubishi P/U 200,000 Nissan 7% 13% &PPV 259,635 -48.7% Toyota 100,000 46% 0 6M08 6M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 31) 6

  7. 6M09 Domestic Car Sales by Type & Brand Mitsubishi 1% 21,065 Nissan 4% Mazda 2% 300,000 Units Honda 40% Others 10% 14,270 P/C 250,000 116,701 Toyota 200,000 42% 98,991 150,000 % -15.2% 7 Mitsubishi 5% n a s s 183,709 i N Toyota 41% 100,000 P/U 118,167 AAT 5% &PPV 50,000 Isuzu -35.7% 41% 0 6M08 6M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 31) 7

  8. 6M09 Export Car Sales by Type & Brand Mitsubishi 1% 400,000 Units Others 3% Toyota 350,000 93,189 42% Nissan 11% P/C 300,000 Honda 250,000 43% 43,449 - 5 3 200,000 . 4 % 292,181 AAT 150,000 Isuzu 20% 191,368 10% P/U Mitsubishi Nissan 7% 100,000 &PPV 20% - 3 4 . 5 % Toyota 50,000 44% 0 6M08 6M09 Pickup & PPV Passenger Car Source : TAIA (pls. find details on page 31) 8

  9. 6M09 Export Car Sales Destinations 385,370 775,652 234,817 Units Units Units % 100% 6% Europe (-68% yoy) 12% 13% 8% Africa (-29% yoy) 7% 7% 7% Central&S. America (-63% yoy) 12% 12% 75% 24% Asia (-41% yoy) 24% 25% 50% 25% Aus, NZ & Oceania (-43% yoy) 24% 27% 25% Middle East (+ 5% yoy) 29% 21% 17% 0% 6M08 2008 6M09 Source: TAIA 9

  10. Eco-car Projects Update Carmakers OEM Update SBG’s Order Progress • 412-rai Land purchased at Hemraj Industrial Park, Rayong Suzuki • Factory construction on process • RFQ received • Launching year may be postponed from 2010 to 2011 • Disc Brake: confirmed • Launching to postpone from 10/2010 to Honda 3/2011 • Drum Brake: confirmed • Platform of 2009 Nissan March/ Micra • Front & Rear Coil Spring: confirmed Nissan • Expected to launch ~ Feb 10 50,000 car production expected in the 1 st • yr, and double in the 2 nd yr • Also export to Japan • Insist to proceed eco-cars, but postpone • Waiting for Drawing Mitsubishi • Launching year may be postponed from 2010 to 2012 • Evaluating industrial estates for 500-rai land for construction of the • Waiting for Drawing TATA manufacturing facility • Project will go as plan (2012) Toyota • Project will go as plan (2012) • Waiting for Drawing AAT • Progress as plan; to launch ~ 4Q09 (B Car) • Already confirmed orders with SBG’s competitor Note: Toyota and Honda are negotiating for lower production requirement from 100K units, 10 Mitsubishi’s negotiating for lower excise tax

  11. 2009 Global Auto Sales Growth Unit: % yoy Region Jan. Feb. Mar. Apr. May Jun. Jul. Germany* -14.0% 21.0% 40.0% 19.4% 39.7% 40.5% 29.5% France* -7.9% -13.1% 8.1% -7.0% 11.9% 7.1% 3.1% UK* -31.0% -22.0% -30.5% -24.0% -24.8% -15.7% 2.4% Spain* -41.6% -48.8% -38.7% -45.6% -38.7% -15.9% -11.0% Italy* -33.0% -24.5% 0.2% -7.5% -8.6% 12.4% 6.2% Belgium* -15.9% -18.0% -9.5% -11.9% -21.6% -13.7% -8.5% USA -30.0% -40.0% -37.0% -35.0% -34.0% -28.0% -12.2% Canada -25.0% -27.7% -15.0% -17.8% 1.0% -13.2% 5.5% Brazil* -8.0% -0.7% 17.0% -10.3% 2.1% 17.0% -0.9% South Africa* -35.4% -36.0% -30.3% -43.0% -34.7% -25.8% -27.4% Australia* -18.5% -21.9% -17.1% -23.9% -14.9% -3.5% -10.0% Japan -28.0% -32.4% -31.5% -28.6% -19.4% -13.2% -4.2% South Korea -35.4% -36.0% -30.3% -43.0% -20.1% -30.7% 10.0% China -14.4% 33.0% 5.0% 25.0% 34.0% 36.5% 63.6% Taiwan -41.6% -19.6% -29.2% 25.8% 23.4% Indonesia* -19.6% -20.4% -49.1% -38.5% -34.4% -59.4% Malaysia* -17.5% -5.0% -4.8% -18.2% -8.3% -7.7% India -17.3% 3.0% 1.0% 4.2% 2.5% 7.8% 31.0% Thailand -29.8% -30.7% -37.8% -27.4% -26.2% -13.4% -3.6% * Vehicle export destinations of Thailand Source : Marklines, ARA, FCIA , publications and media sources 11

  12. The Road to Recovery in Auto Industry � � Government’s supports; Government’s supports; scrappage incentive/ tax breaks scrappage incentive/ tax breaks Pull - Down Pull- -Down Down Pull � � Economic recovery Economic recovery � Government’ stimulus package � Government’ stimulus package � Improving CCI and consumer � Improving CCI and consumer spending spending � Travelling/ tourism � Travelling/ tourism � � Higher crop prices Higher crop prices � � New car technology New car technology � Environmentally-friendly � Environmentally-friendly � � Sluggish global economic recovery Sluggish global economic recovery � Energy-saving � Energy-saving � Rising unemployment � Rising unemployment � Decreasing CCI and consumer � Decreasing CCI and consumer spending spending � 2009 Flu Pandemic � 2009 Flu Pandemic � � Stringent loan conditions/ Stringent loan conditions/ Declining availability of loans Declining availability of loans Recovery Recovery Recovery � � Rising oil price Rising oil price 12

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