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SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN ... To Become the Auto Parts Manufacturing Leader in ASEAN 1Q09 Operating Results 1Q09 Operating Results nd June 2009 2 2 nd June 2009 Agenda Industry Overview

  1. SAT SAT ... To Become the Auto Parts Manufacturing Leader in ASEAN… … ... To Become the Auto Parts Manufacturing Leader in ASEAN 1Q09 Operating Results 1Q09 Operating Results nd June 2009 2 2 nd June 2009

  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 1,080 Asia’s 1,125 (- 22.5%) 1,200 Recovery 928 836 (-40%) 775,652 751 592,000 800 Asia Financial 682,161 690,100 (-24% ) Crisis of 703,261 585 1997-98 626,026 631,251 615,270 459 538,966 412 533,176 363,156 488,000 296,985 440,705 400 409,362 360 (-21%) 262,189 327 332,053 181,471 144,065 218,330 235,122 158 175,299 152,835 125,702 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 Estimated by SAT Source: 1997-2008 Federation of Thai Industry 3

  4. 4M09 Car Production & Sales April 2009 Production Sales 4M09 Production Sales (By Type) Units % Growth Units % Growth (By Type) Units % Growth Units % Growth Domestic P/C 12,887 10.4% 16,361 0.2% Domestic P/C 47,291 -29.5% 61,724 -15.8% P/U 11,264 -64.1% 21,065 -39.6% P/U 33,510 -75.9% 76,460 -40.6% Others 830 -43.5% 2,287 -35.2% Others 4,314 -34.4% 9,303 -35.3% Total Domestic 24,981 -43.9% 39,713 -27.4% Total Domestic 85,115 -60.0% 147,487 -31.9% Export P/C 5,972 -57.1% 5,972 -57.1% Export P/C 26,948 -55.4% 26,948 -55.4% P/U 22,691 -41.8% 22,691 -41.8% P/U 140,553 -26.0% 140,553 -26.0% Total Export 28,663 -45.8% 28,663 -45.8% Total Export 167,501 -33.1% 167,501 -33.1% Total P/C 18,859 -26.3% 22,333 -26.2% Total P/C 74,239 -41.8% 88,672 -33.7% P/U 33,955 -51.8% 43,756 -40.7% P/U 174,063 -47.1% 217,013 -31.9% Others 830 -43.5% 2,287 -35.2% Others 4,314 -34.4% 9,303 -35.3% Grand Total 53,644 -45.0% 68,376 -36.5% Grand Total 252,616 -45.4% 314,988 -32.5% 2009 vs 2008 Jan Feb Mar Apr 4M09 Production Sales %Domestic Sales Growth -29.8% -30.7% -37.8% -27.4% (By Brand) Units % Growth Units % Growth %YTD Dom Sales Growth -29.8% -30.3% -33.4% -31.9% Toyota 109,202 -44.0% 128,280 -29.6% %Export Sales Growth -15.5% -32.5% -38.6% -45.8% Isuzu/GM %YTD Exp Sales Growth 30,023 -62.0% 45,925 -42.5% -15.5% -24.5% -29.7% -33.1% Mitsubishi % Total Sales Growth -21.8% -31.7% -38.2% -36.5% 27,953 -45.7% 36,318 -31.3% %YTD Total Sales Growth -21.8% -27.0% -31.4% -32.5% Honda 35,730 -23.9% 38,562 -26.7% %Production Growth -33.0% -50.6% -51.1% -45.0% Nissan 14,602 -47.0% 18,791 -32.9% %YTD Prod Growth -33.0% -42.4% -45.6% -45.4% AAT (Ford&Mazda) 26,539 -38.9% 29,466 -29.6% Others 8,567 -56.7% 17,646 -40.2% Total 252,616 -45.4% 314,988 -32.5% Source: TAIA 4

  5. 4M09 Car Production & Sales Overview 500,000 Units Passenger 16% 463,076 Exp Sales Pick Up & PPV 400,000 84% -45.4% Passenger 300,000 42% Others 250,450 Dom 6% 252,616 Sales 216,457 Pick Up & PPV 200,000 52% 167,501 147,487 -33.1% -31.9% 100,000 Passenger 29% Prod Others 2% Pick Up & PPV 69% 0 4M08 4M09 Production Domestic Sales Export Sales Source : TAIA (pls. find details on page 32) 5

  6. 4M09 Car Production by Type & Brand 500,000 Units 6,575 Nissan 5% Mitsubishi 1% Toyota 41% 127,511 400,000 P/C Others 5% Honda 48% 300,000 4,314 74,239 - 200,000 4 Isuzu 1 . AAT 8 % 17% 15% 328,990 Mitsubishi P/U 16% Nissan 6% 174,063 &PPV 100,000 -47.1% Toyota 45% 0 4M08 4M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 32) 6

  7. 4M09 Domestic Car Sales by Type & Brand 250,000 Mitsubishi 1% Nissan 3% Units 14,382 Mazda 2% Honda 41% Others 200,000 9% P/C 73,286 9,303 Toyota 43% 150,000 61,724 Nissan 7% % 100,000 - 1 6 5 . 8 i % h s Toyota i b 128,789 u s 40% t i M P/U AAT 5% &PPV 76,460 50,000 Isuzu -40.6% 42% 0 4M08 4M09 Pickup & PPV Passenger Car Others Source : TAIA (pls. find details on page 32) 7

  8. 4M09 Export Car Sales by Type & Brand 300,000 Mitsubishi 1% Units Others 3% Toyota 37% 250,000 Nissan 9% P/C 60,426 200,000 Honda 50% 26,948 - 5 150,000 5 . 4 % 190,024 AAT Isuzu 18% 140,553 100,000 10% P/U Mitsubishi &PPV Nissan 6% 22% -26.0% 50,000 Toyota 44% 0 4M08 4M09 Pickup & PPV Passenger Car Source : TAIA (pls. find details on page 32) 8

  9. 4M09 Export Car Sales Destinations 250,450 775,652 167,501 Units Units Units % 100% 7% Europe (-65%) 13% 14% 8% Africa (-23%) 7% 7% 8% Central&S. America (-58%) 12% 75% 13% 22% Aus, NZ & Oceania (-44%) 24% 26% 50% 22% Asia (-37%) 24% 24% 25% 33% Middle East (+ 31%) 21% 17% 0% 4M08 2008 4M09 Source: TAIA 9

  10. Eco-car Projects Update Carmakers OEM Update SBG’s Order Progress • Land purchased but factory construction to be postponed another year Suzuki • RFQ received • Launching year may be postponed from 2010 to 2011 • Disc Brake: confirmed • Drum Brake: await drawing • Launching to postpone from 10/2010 to Honda • Coil Spring (Rear) : RFQ submitted (high 3/2011 possibility) • Stabilizer Bar: RFQ submitted • Front & Rear spring confirmed • Project remains on track Nissan • RFQ of another model from Japan • Expected to be first launcher ~ Feb 10 submitted (to launch ~ May 10) • Insist to proceed eco-cars, but postpone Mitsubishi • Drawing expected ~ Mid 09 • 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 (2010) Toyota • Project will go as plan (2012) • Waiting for Drawing AAT • 2-Week temporary shutdown expected in Feb 09 to setup machinery (postponed • SBG’s technology does not support this (B Car) from 4Q08) model • Progress as plan; launch ~ 4Q09 10

  11. Thai Export Destination in Prospect Previous Projection Latest 2009E Economic growth 2009E GDP Growth GDP Growth from 2008 Global 0.5% 0.5% -2.9% USA -1.6% -2.8% -3.9% Euro area* -2.0% -4.2% -5.1% Japan -2.6% -6.2% -5.6% China 6.7% 6.5% -2.5% India 5.1% 4.5% -2.8% ASEAN-5* 2.7% 0.0% -4.9% Australia* 0.5% -1.4% -3.5% Middle East* 3.9% 2.5% -3.4% South America & Mexico* 3.1% -1.6% -5.8% Central America* 4.2% 1.1% -3.2% Africa* 6.0% 2.0% -3.2% Thailand* * 4.0% -3.0% -5.6% * Vehicle export destinations of Thailand Sources : IMF (World Economic Outlook Update, April 2009) 11 * Latest forecast by its central bank, January 2009 * * Latest forecast by NESDB

  12. 2009 Global Auto Sales Region Jan. Feb. Mar. Apr. Germany* -14.0% 21.0% 40.0% 19.4% France* -7.9% -13.1% 8.1% -7.0% UK* -31.0% -22.0% -30.5% -24.0% Spain* -41.6% -48.8% -38.7% -45.6% Italy* -33.0% -24.5% 0.2% -7.5% Belgium* -15.9% -18.0% -9.5% -11.9% USA -30.0% -40.0% -37.0% -35.0% Canada -25.0% -27.7% -15.0% -17.8% Brazil* -8.0% -0.7% 17.0% -10.3% South Africa* -35.4% -36.0% -30.3% -43.0% Australia* -18.5% -21.9% -17.1% -23.9% Japan -28.0% -32.4% -31.5% -28.6% Korea -35.4% -36.0% -30.3% -43.0% China -14.4% 33.0% 5.0% 25.0% Taiwan -41.6% -19.6% -29.2% Indonesia* -23.7% -27.4% Malaysia* -17.5% -5.0% -4.8% -28.6% India -17.3% 3.0% 1.0% 4.2% Thailand -29.8% -30.7% -37.8% -27.4% * Vehicle export destinations of Thailand Source : Web news, Marklines, ARA, FCIA 12

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

  14. Market Share of Product Champions Rear Axle Shaft Y08 = 86 % Rear Axle Shaft Y08 = 86 % Customer Model Other Toyota (100%) Fortuner, Vigo SAT Mitsubishi (100%) Triton, 3E45 5% Market share AAT (Mazda & Ford) (100%) BT-50, Ranger Q1’09 SMT 89% Isuzu (70%) D-Max 4x4, 2x4 , 4x2 (3,000cc. Only), MU-7 6% Pickup car Customer Model Mitsubishi (29%) Lancer (Rear) Coil Spring Y08 = 28 % Coil Spring Y08 = 28 % Other Toyota (10%) Camry (Rear) 1% Honda (26%) (Accord excluded) Jazz, City (Rear) Nissan (9%) New Teana (Front) Passenger car BSK Market share NHK Customer Model Q1’09 38% 61% Toyota (59%) Fortuner, Vigo 4x4 Mitsubishi (100%) Triton, 3E45 Pickup car 14

  15. Market Share of Product Champions Leaf Spring Y08 = 17% Leaf Spring Y08 = 17% Customer Model Mitsubishi (100%) Ot her Triton 1% Pickup car BSK BSK NHK 3 5 % 6 4 % NHK Market share 15% Customer Model Q1’09 85% Hino (2%) Bus Mitsubishi Fuso Truck (88%) Trucks Commercial car Customer Model Stabilizer Bar Y08 = 35% Stabilizer Bar Y08 = 35% Mitsubishi (29%) Lancer Honda (52%) Jazz/City (FR) / Accord (RR) Other Toyota (20%) New Altis (FR) 1% BSK Passenger car 40% Market share Customer Model NHK Q1’09 Toyota (56%) Fortuner, Vigo 4x4 59% Mitsubishi (100%) Triton, 3E45 Nissan (90%) LCV 4x2, Navara Pickup car 15

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