Sri Tr Tran ang Agro-Indu Industry stry Public lic Co Comp mpan any Li Limi mite ted The Th e 2020 2020 Annua ual l Ge Gener eral al Mee eeti ting g of Shar areho eholde lders rs 23 Ju June e 2020 1
The Voting Card’s Example 2
The Voting Card’s Example 3
Votin ting g Pr Procedu dures es except pt age gend nda rega gardin ding g the he election tion of f direc ectors tors All shareho reholders ders / t their ir proxies xies di disapp ppro rove ve or abstai tain n in in such h agend nda Mark k their ir votes es in in the voting ing cards, ds, sig ign and d rais ise e hand d up Offic icers ers collec ect t your r voting ing cards ds Proce cessing ssing. Inform orm the result ult to the Sharehol eholder ders s Meeting ing Sig ign the approve rove voting ing cards, ds, offi fice cers rs wil ill collect ct when the meeting ing fin inish ish 4
Votin ting g Pr Procedu dures es fo for the he age gend nda a rega gardin ding g the he election tion of f direc ecto tors All sharehol reholders ders / th their ir proxies xies Mark k their ir votes es in in the voting ing cards ds and d sig ign Offic icers ers collec ect t your r voting ing cards ds Proce cessing ssing Inform orm the result ult to the Sharehol eholde ders rs Meeting ing 5
Agen enda da ite tems ms 1. To consider and certify the Minutes of the Extraordinary General Meeting of Shareholders No.1/2019 held on 6 November 2019 2. To acknowledge the performance results of the Board of Directors of the Company for the year 2019 and to consider and approve the audited financial statements of the Company for the year ended 31 December 2019 3. To acknowledge the interim dividend payment from the Company's performance for the year 2019 6
Agen enda da ite tems ms 4. To consider and approve the election of directors to replace the directors who retire by rotation 5. To consider and approve the determination of remuneration of directors for the year 2020 6. To consider and approve the appointment of the auditor and determination of auditing fee for the year 2020 7. Other matters (if any) 7
Agen enda da 1 To consider and certify the Minutes of the Extraordinary General Meeting of Shareholders No.1/2019 held on 6 November 2019 A copy of the Minutes of the Extraordinary General Meeting of Shareholders No.1/2019 held on 6 November 2019 is enclosed with the Invitation letter and disseminated on the Company’s website www.sritranggroup.com 8
Agen enda da 2 To acknowledge the performance results of the Board of Directors of the Company for the year 2019 and to consider and approve the audited financial statements of the Company for the year ended 31 December 2019 The Company regularly discloses MD&A through the SET system after the release of financial statements. 9
Agen enda da 2 Rev evenue ue and d NR Sales les Volume ume Sale les Vo s Volume me of of Natural ral Rubb Rubber r Pro roducts (LHS LHS) Sale les R s Reve venue nue (RHS RHS) (tons) s) (THB milli lion) n) 2,000,000 2,000,000 89,387 87 100,00 ,000 77,266 66 73,136 36 80,000 -17.6% 1,500,000 1,500,000 61,292 92 60,286 86 1,494,09 4,094 4 60,000 1,323,87 3,873 3 1,330,84 0,849 9 -17.1% 1,000,000 1,000,000 1,103,9 3,934 34 1,119,9 9,966 66 40,000 500,000 500,000 20,000 0 0 0 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019
Agen enda da 2 2019 019 Sa Sales les Revenue evenue Po Port rtio ion by Pr Produ oduct ct [THB million] 2019 019 Sales les Rev evenue ue by Product oduct n] 73,136 136 157 7 60,28 286 11,7 ,788 RSS 10% 10% LTX 48 48 4,367 67 5% 5% 12,1 ,195 6,81 816 Others thers 2,907 07 Gloves Glov 6,117 TSR TSR Glove ves 60,28 60 286 LTX TX 20% 20% 65% 65% mil. THB RSS 50,0 ,008 39,0 ,020 TS TSR FY1 FY18 FY19 FY1
Agen enda da 2 201 019NR Sale les s Volume b ume by y Region on Sale les s Volume ume by Region on [tons] ns] 1,330,8 30,849 49 Asia (Exculding 1,832 Technically Specified Rubber 64,861 1,103,9 03,934 34 55,022 022 [TSR] China&Thailand) Others hers 1,046 45,093 339,097 097 53,522 522 30% Eur urope ope America 325,144 144 1.1 1.1 5% Ame meri rica China Ribbed Smoked Sheet Europe Asi sia ( (Excul uldi ding ng mil. tons ns 40% 647,455 455 [RSS] Chi China&Thaila hailand) nd) 446,491 491 4% China Chi Thailand 21% Domest Domestic 222,583 583 232,638 638 Concentrated Latex FY18 FY1 FY19 FY1 [LTX]
Agen enda da 2 Sale les s Volume ume of 201 019 Gloves ves Sales ales Volume ume by Region on Late tex x Glove ves s & Nitrile le Glove ves s Porti rtion on Nitri rile le Glove ves 33% 33% Latex Powder der Examina inatio ion n Glove USA Latex x Gloves 28% 28% Europe pe 67% 67% 24% 24% 19,913 19,913 Sale les s Volume ume of Latex Powder der-Fre ree Examina inatio ion n Glove mil. l. piec eces es Asia ia (Excu xculdin lding OEM & Own-Bra Brand nd Port rtion on Others 7% 7% China&Tha na&Thaila land) nd) Own-Bra rand nd 22% 22% Dome mestic stic 11% 11% China na 9% 9% 10% 10% OEM 89% 89% Nitrile ile Powder-Fre ree Examina inatio ion n Glove ve
Agen enda da 2 Key Factors Affecting the Company’s Operation 1. . Volatility latility of Natural tural Rubbe bber r Price ice 2. Foreig reign n Exchange change Rate ate 3. Financial nancial Cost osts 4. 4. Gove overnme nment nt Polic icy
Agen enda da 2 Factor tor 1 : 1 : Volatility tility of Na Natural ral Rubber bber Price ce 2019 Avg. 2018 Avg. RSS3 220 RSS = 165 65 RSS = 155 TSR20 TSR = 141 TSR = 137 200 3% YoY 180 S cent : Kg.) .) COM Price 160 SICOM 140 (US 120 100 -18 b-18 Mar-18 pr-18 Apr-18 y-18 May-18 un-18 ul-18 Jul-18 ug-18 p-18 -18 Nov-18 Dec-18 -19 b-19 Mar-19 pr-19 Apr-19 May-19 y-19 un-19 ul-19 Jul-19 ug-19 p-19 -19 Nov-19 Dec-19 -20 Jan-1 Feb-1 Aug-1 Oct-1 Nov-1 Jan-1 Feb-1 Aug-1 Oct-1 Nov-1 Jan-2 Sep- Sep- Jun- Jun- Ma Ma Fe Ma De Fe Ma De In 1H2019, prices of TSR20 on SICOM moved up 16.5% because of supply In 2H2019, NR prices went down alongside prices of other commodities due to outflow concerns following the decision by members of the International Tripartite of funds from the futures markets. The price of TSR20 20 on SICOM reached hed the bottom om in Rubber Council (ITRC), namely, Thailand, Indonesia and Malaysia, to implement late Septembe ber r at 124. 4.4 4 cent/kg kg and in the secon ond half of 201 019 9 was 135. 5.8 8 cent/kg. kg. the Agreed Export Tonnage Scheme (AETS) together with the fungal disease The average ge price of TSR20 20 on SICO COM M for 2019 19 was 140 40.6 .6 cent/kg kg, up 3.0% from 2018. that afflicted rubber trees on the Sumatra Island in Indonesia also cut down But NR prices experienced more volatility during 2019 than in 2018, which became the supply and led to speculation in the futures markets. The average ge price of main factor affecting our profitability in both natural rubber and glove businesses TSR20 20 on SICO COM during g the first half of 2019 19 was 145 45.5 .5 cent/kg. kg.
Agen enda da 2 Factor tor 2 : 2 : Foreig eign n Exc xchan ange ge Rate te 34 34 ▼ 4% YoY 33 33 2019 Avg. 2018 Avg. 32 32 vement ment THB/U /USD : 30.9 THB/USD SD THB/US /USD : 3 32.1 31 31 Move 30 30 29 29 -18 Feb-18 -18 r-18 -18 -18 -18 -18 -18 Oct-18 -18 -18 -19 Feb-19 -19 r-19 -19 -19 -19 -19 -19 Oct-19 -19 -19 -20 Jan-1 Mar-1 May-1 Jun-1 Jul-1 Aug-1 ep-1 Oct-1 Nov-1 ec-1 Jan-1 Mar-1 May-1 Jun-1 Jul-1 Aug-1 ep-1 Oct-1 Nov-1 ec-1 Jan-2 Apr- Apr- Mar May Jun Jul Sep Nov Dec Mar May Jun Jul Sep Nov Dec Ja Ja Ja In 2019, Thai Baht moved up 3.8% against US Dollar, from an average of 32.1 Baht/US (THB millio lion ) 2018 2018 2019 2019 dollar in 2018 to 30.9 Baht/US dollar in 2019. During 2019, Thai Baht was going to be stronger from quarter to quarter as a result of capital flows following the delay in interest rate Realised gain/ ( loss ) on exchange rate ( 151.8 ) 318.3 increase by the Federal Reserve and a record of Thailand’s current account surplus .. Unrealised gain/ ( loss ) on exchange rate ( 100.3 ) ( 250.7 ) In 2019, the Company recorded Baht 569.0 million in foreign exchange gain in 2019, Gain/ ( lo loss ss ) on exchan hange rate te ( 252.1 52.1 ) 569.0 9.0 improved from a loss of Baht 252.1 million in 2018..
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