Digital Roadshow 3Q2023

29th Nov 2023

 Disclaimer

The information contained in this presentation is prepared by Somboon Advance Technology PCL. The presentation is intended solely
for reference only. In addition, such information contains expectation, projections and forward-looking statements that reflect the
company’s current views with respect to future events and financial performance. These views are based on assumptions subject to
various risks and uncertainties. No assurance is given that future events will occur, that projections will be achieved, or that the
assumptions are correct. Actual results may differ materially from those projected.

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 Agenda

1 2 3 4 5
Highlight & Automotive & Financial Sustainability Q&A
Update Tractor Summary Development
3Q23 Industries

3
 SAT Shareholding and Investment Structures

Shareholding Structure SAT’s Investment

Somboon Forging Technology (SFT): Forging

International Casting Product (ICP): Casting
Somboon Holding Co.,Ltd. Somboon Malleable Iron Industrial (SBM): Machining
& Kitaphanich Family Bangkok Spring Industrial (BSK)

> 50%
43%

Thai NVDR Somboon Tron Energy (STRON)

Somboon Advance Agriculture (SAA)
9%
Others

Mubea Somboon Automotive (MSA)

48% Tsuchiyoshi Somboon Coated Sand (TSC)
Yamada Somboon (YSC) Others Somboon Siasun Tech (SST)
Businesses
Nisshinbo Somboon Automotive (NSA)
< 50%
Somboon Somic Manufacturing (SSMC)

4
 Business Timeline

Local Thai Supplier
1962: Establishment of
Somboon Spring Part., Ltd.
into REM market
1975: Establishment of
Somboon Malleable Iron
Co., Ltd. (“SBM”)
Expansion Footprint
1990: JVs:
● Yamada Somboon Co.,Ltd.
● Tsuchiyoshi Coated Sand Co.,Ltd.
● Nisshinbo Somboon Automotive Co.,Ltd.
● Somboon Somic Co.,Ltd.
1995: Establishment of Somboon
Advance Technology (“SAT”)
with Technical Assistance from
Gohsyu and Ibara Seiki 2005
Enhance People’s Capabilities
2014: Establishment of Somboon
Forging Technology (“SFT”)
and Somboon Learning
Academy (“SLA”)
2020
Restructure for New
business growth
2021: SAT Transfer operation to SFT and
make itself to be a ‘’Holding
company’’
2022: SAT J/V with Tron E established new
company name “Somboon Tron
Energy Co.,Ltd.” (“STRON”)
2023: Establishment of “Somboon Advance
Agriculture Co.,Ltd.” (“SAA”)

From REM to OEM Listed Company Continued Expansion & Growth

through Partnership

1977: Establishment of Bangkok 2005: SAT get into Stock 2017: SAT J/V with Mubea and
Spring Industrial (“BSK”) Exchange of Thailand established new company name
with Technical Assistance “Mubea Somboon Automotive”
and name change to
(“TA”) from Mitsubishi “Somboon Advance (“MSA”)
Steel (1983) and Somboon Spring Technology PCL.”
transferred operation 2018: BSK transfer its production spring
to Bangkok Spring (BSK) 2006: Bought up International business to MSA
Casting Products.
1984: Began the move into (“ICP”) 2020: SAT J/V with Siasun established
OEM market new company name “Somboon
Siasun Tech Co.,Ltd.” (“SST”)

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 Company Overview
Automotive & Agricultural Parts Businesses New Businesses (~1%)
Automotive Industry (~80%-85%) and Tractor Industry (~15% - 20%) Implement & Agri Tech Robot and Automation Electric Vehicle Platform

SFT ICP/SBM MSA SAA SST STRON

Process: Forging/ Machining Process: Casting/Machining Process: Bending/ Coiling Process: …………………..
Process: Forming Intelligent Logistics

E – 3 Wheelers

SMART Factory

Battery Packing

Robot

Automotive and Tractor Automotive Implement & Agri Tech

Customers

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 Automotive Part Products
SFT MSA

Output Shaft Axle shaft Inner shaft Front Hub Intermediate Shaft Coil Spring Stabilizer Bar Bar Hinge Torsion

ICE

HEV / PHEV

BEV

Effected Parts 3% - 5%

Case set Front Axle Assy Brake Disc Brake Drum Differential Carrier Exhaust Manifold Timing Cover Camshaft Flywheel

SBM/ICP
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 Agriculture Machinery Part Products
Tractor Combine Harvester Implement

Holder Bearing
Case Rear Axle
Frame Tension Case Drive Rotary Blade

Axle Shaft
Case Bevel Gear
Case Front Axle

Roller 275
Assy Cutting Blade
Axle Assy Rear Rear Diff Assy Differential Assy

8
 Strategic Directions

Strategic Plan
2022 - 2026
To be a trusted partner with leading engineering products and solutions
VISION that harmonizes the use of advanced technology with social and
environmental sustainability

Agriculture Equipment Business (SAA)

New
EV and Related Business (STRON)
Businesses
Robot and Automation (SST)

New Product Development

Automotive and
Agricultural Parts Asset Optimization
Businesses
Operation Excellence

SBG Smart People Business Trust Growth Society

Philosophy
Spirit of commitment, Customer Mind,
SMART Culture Agility, Respect, Technology

Sustainable
Development
Goals

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 SAT Roadmap
2024 onwards
2023 - Strengthen core competencies to gain
2022 - New product : Output shaft and competitive advantages & enhance global
- New product : Intermediate Shaft. Case set. market expansion.
- Signed licensing agreement with - Signed MOU with WICE for land - Broaden into future automotive markets
E-Tuk Factory as SMART E- development project. with new material/process/business model.
TUK’s production hub. - Grow new business model in relevant
- Introduced E-3 Wheelers. emerging industry.
Case Set

Output Shaft
Intermediate Shaft

Current Business

AGV/AMR/ Robots
New Businesses
AS/RS

E-3 Wheelers & Solution Battery Pack/ Swap Battery

Agriculture Equipment
Industrial robots

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 3Q23 highlights and outlook

Revenue contribution by type Carbon Credit

Financial Performance
15%
74%
• STRON is in process of carbon credit
11%
15% registration at SGS Thailand Limited
74%
11%
Establish of Somboon Advance
Agriculture (“SAA”)

Continue achieving cost reduction

program in production lines
Sale Revenue 2,333 MB • SAA is established in April 23 and SOP in Jun’23

EBITDA 450 MB
STRON
Net Profit 263 MB
• Apply solar roof top to the rest building
• Change compressor in the factory
• SOP in Sep’2023

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 Agenda

1 2 3 4 5
Highlight & Automotive & Financial Sustainability Q&A
Update Tractor Summary Development
3Q23 Industries

12
 Automotive Industries
Thailand Car Production Car Production by Type
Unit: Thousand cars Unit: Thousand cars Pickup Car Passenger Car Eco Car Commercial
Total production 9M2023 600
519 508

Thousands
480 494
2% QoQ, YoY 11 10 464
500
Export, Domestic, 11 14 39 25
414 13
58% 42% (3Q2023) 49 390 39
11 13
• 9M23 +2% 400
86 11 119 142 153 16
33 144
34% 124
1.39
300 86 • QoQ +12%:
• QoQ +12% P/U +11%
Mill car 200
63% 334 P/C +17%
322 327 320 294
• YoY -6% 100
260 264 ECO -15%
CV +17%
-
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 • YoY -6%
P/U -9%
Domestic production Export production P/C +22%
9M2023 9M2023
1,600
1,386 ECO -66%
1,364
6% 9M 1,400 33 CV -8%
36 54
122
1,200
421 • 9M +2%:
27% 291
1,000 P/U -4%
800 P/C +45%
44%
576 50% 810 ECO -55%
600
CV -7%
73% 915 878
400

200

-
Pickup & PPV Passenger & Eco Other CV 9M2022 9M2023

Source : The Thai Automotive Industry Association 13

 Automotive Industries
Domestic Car Production Export Car Production
Unit: Thousand cars Unit: Thousand cars
Pickup Car Passenger Car Eco Car Commercial Pickup Car Passenger Car Eco Car
350
250 235 233 229 220 291 288 279
11 300
QoQ, YoY 192
14 11 10 QoQ, YoY 245
261 12 5 4
37 32 27 185 243
(3Q2023) 200
11
20 171 (3Q2023) 250 7 74
13 12 86 6 68
23 11 10 198 58
53 61 57 33 63
150 79 10 200 10
55
• QoQ +8%: 31
61 76.124
P/U -3% 150 • QoQ +15%:
100 P/U +19%
P/C +25% 100 200 196 210 207
134 134 194 174 P/C +9%
50 102
126 111 ECO -3% 158
90 87 50 ECO -36%
CV +17%
- -
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 • YoY -21% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 • YoY +7%
P/U -31% P/U +6%
P/C +25% 900 P/C +19%
810
ECO -49%

Thousands
700 660 ECO -69% 800 14
9M 9M 704
Thousands

36 576 CV -8%
600
92
700 29 205 • 9M +15%
33
500 40 • 9M -13%: 600 121 P/U +7%
170 P/U -21% 500
P/C +70%
400 215
P/C +27% ECO -52%
400
300 ECO -56%
300 591
CV -7% 554
200
362 200
287
100 100

- -
9M2022 9M2023 9M2022 9M2023

Source : The Thai Automotive Industry Association 14

 Car Export Destinations
350
Thousands

Unit: Thousand cars

300 6 0.15
24 12 11
6 0.04
24 11 0.12 23
21
8 7 8 16 9
250 37 13 10 14 17 23
18 19 23 8 14 23 16
9 24 15 17
27 34 25 15 15 24
17 28 25
5 6 18 22
200 15 27 6 14 5 8 22 18
22 21 15 16 46
33 11 36 20 21
18 54
39 19 21 18 22 37 46
26 4 31 13 11 48
5 37 14
12 26 17
150 35 40 28
11
24 38
84 23 98
74 91 77
86 84 81 74
82 76 101
100 64 2
6 71
75 7 70
4 60 63
23
50
89 83 28 79 79 81
72 64 73 65 70 74 75
58 57 63 56 52 55
30
-
1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23

Australia Asia Middle East North America Europe Central & South America Africa Other

• QoQ (+14.9%) % Mainly from • YoY (+14.1%) % Mainly from • 9M23 (+16.3%) % Mainly from • 3Q23: Thailand top 3 car export
markets destination are
1.) Europe 1.) Central & South America 1.) Europe Australia
2.) Central & South America 2.) Europe 2.) Middle East Asia
3.) North USA 3.) Middle East 3.) Asia Middle East

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 Thailand automotive outlook
Unit : Million cars Pickup&PPV Passenger (66%) Eco CV

2022 1.24 (66%) 0.43 (23%) 0.16 (9%) 0.05 (2%)

2021 1.05 (62%) 0.34 (20%) 0.26 (15%) 0.04 (2%)

2020 0.86 (60%) 0.28 (19%) 0.26

(18%) 0.03 (2%)

0.0 0.5 1.0 1.5 2.0

3.0
CAGR =9% CAGR =1%

First car scheme 2.5 2.5

2.5 Covid-19 Pandemic
Thailand Floods & 2.2
Tsunami in Japan 2.01
1.9 2.0
2.0 1.9 1.9 1.88

1.0

1.1
Global Financial Crisis
Unit : Million cars

1.6 1.69
1.43

1.14
1.5
1.4

1.04
1.5

1.1
1.3

0.99
Asian Financial Crisis

1.2
1.2
1.2

1.1
1.1

1.0
0.9
1.0

0.7

0.70
0.9 Export
0.8

1.0
0.7
0.5
0.4

0.8 Domestic
0.3

0.5

0.6 Total Production

1.4
0.6

1.3
0.2

0.5
0.0

0.4

1.02

0.98
0.5 0.4
0.2

0.89
0.3

0.9
0.8
0.8

0.72
0.8

0.8
0.3 0.2

0.7

0.7
0.3 0.0

0.7
0.3 0.2

0.7

0.6
0.6

0.6

0.2
0.5

0.2 0.1

0.5

0.5
0.4
0.1
0.1

-
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 F2023

Source : The Thai Automotive Industry Association 16

 Tractor production
Tractor production by quarter Tractor production outlook
Unit: Thousand units Unit: Thousand units
Tractor Combine Total

30 27 27
Tractor Combine Total
25 3 3 22
120 Covid-19
19 2 Pandemic
20
15 16 • QoQ -10%
3 14 103
15 1 2 Drought
24 24
21
3 • YoY -24% 100
10
16 16 88
14 14
5 11 83
77 75 9
- 80 10
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23
65 66 66 14
61 14
57 59
60 7 12
6 14
9M 5
15

73 87
80 40 33 79
74
Thousands

70 8
52 • 9M -28% 3 59 63 61
60 55
52 54 53
50 6 44
20
40
64
30
30
20 46
10 0
- 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F
9M2022 9M2023

Source : Customer Source : SAT’s Forecast

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 Agenda

1 2 3 4 5
Highlight & Automotive & Financial Sustainability Q&A
Update Tractor Summary Development
3Q23 Industries

18
 Sales 2023 vs 2022 Sales (9M)
Sales Contribution Market Share
100%
40.0% 86% 88%
34.8%
30.1% 80%
30.0%
24.7% 24.2% 21.4% 60%
19.6% 19.6%
20.0% 16.2%
40%
10.0% 22% 21% 22%
4.2% 5.3% 17%
20%

0.0%
0%
Axel Shaft Casting (Auto) Casting (Non-auto) Disc Brake and Drum Hub
Axel Shaft Disc Brake Hub
9M2022 9M2023 2022 2023

Sales by Brands (9M)

9M2023 30% 26% 17% 11% 17%

Others

9M2022 26% 28% 22% 10% 14%

Note : *Other : Other customers

0.0% included direct export20.0%
10.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0%

19
 Sales and Gross Profit
Unit: Million Baht Gross Profit COGs Sales %GP

3,500 20.0% 21.0%

QoQ, YoY 18.99%
17.97%
(3Q2023) 3,000 18.0%
QoQ
2,500 2,297 2,333 15.0%
2,153
- Sales revenue increased by +8.4% mainly from automotive
2,000 12.0%

- GP amount increased by +14.5%

1,500 9.0%
1,837 1,889.51
1,765.67
- %GP increased by +1.02% .
1,000 6.0%

500 3.0%
460 387 443
0 0.0%
3Q22 2Q23 3Q23 YoY

8,000 18.5% 18.1% 20.0%

- Sales revenue increased by +1.6% mainly from the growth in Thailand
9M 6,731 7,005
7,000 automotive industry and full year impact of new orders from last
6,000 15.0% year.
5,000
- GP amount decreased by -3.6%
4,000 5,485 5,741 10.0%
- %GP decreased by -1.01%
3,000

2,000 5.0%

1,000
1,246 1,263
- 0.0%
YTD 3Q2022 YTD 3Q2023

20
 Net Profit
Unit: Million Baht
Net Profit %Net Profit
400
14.5%
14.0%
11.6% 11.1% 11.3% 11.3%
10.7% 10.9% 10.4% 12.0%
300 10.0% 9.6%
10.0%
7.7%
8.0%
200
6.0%

100 4.0%

2.0%

0 0.0%
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23

18 33 24 1 24

7 26 0.2 15 761
11 2 728
0 17 10
56
263 259 263

223

2Q23 Gross SG&A Others Interest Tax 3Q23 3Q22 Gross SG&A Others Interest Tax 3Q23 YTD Gross SG&A Others Interest Tax YTD
Net Margin expense Net 3Q2022 Margin expense 3Q2023
Profit Profit
Net Profit Margin expense Net Profit
Net Profit Net Profit
21
 Financial Ratio
DE Ratio Return on Asset
(X) (%)
10.4% 10.1%
0.31 0.30 0.30
8.4%

3Q22 2Q23 3Q23 3Q22 2Q23 3Q23

EBITDA EBITDA % EBITDA

Return on Equity
Unit: Millions THB (%)
16.0%
18.7% 19.3% 13.5% 13.6% 13.5%
500.0 18.1% 20.0% 13.1%
17.8% 17.7% 17.3% 17.5% 14.0%

12.0% 11.1% 10.9% 11.0%

400.0
15.0%
10.0%
300.0
8.0%
10.0%
431.0 440.1 450.2 6.0%
200.0 413.0 389.6
372.1 380.0
4.0%
5.0%
100.0
2.0%

0.0 0.0%0.0%
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23

22
 Dividend Payments
Unit: Baht per Share EPS DPS %Dividend Payout Unit: % Payout
3.00 80%

69% 68%
67% 70%
2.50 63% 64%

2.40
60%
2.27

2.24

2.21
2.15
2.00

2.11
47% 50%

2.00

1.91
40% 40% 42%
40% 38% 39%
1.50 38% 40%

1.53

1.51

1.50

1.50
1.43

1.35

1.35
30%
1.19

1.00
0.97
0.90

0.90
20%

0.87
0.75

0.50
0.60

0.60

0.60

0.60
10%
0.45

0.00 0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

• Y2022’s dividend payment is 1.50 Baht per share

• Y2023: Interim dividend 0.38 baht/share is paid on 6th Sep 2023

Note: Dividend policy at a minimum rate of 30% of net profit after tax and legal reserve
23
 Key Takeaways 2023

- Estimated Thailand car production this year 1.85 mill car (source: FTI)

+ - Core business’s sales revenue from new order 350 – 400 MB YoY

- STRON start operation in Sep’2023

- Agriculture business is expected to slow down by -20% - 27% YoY from global climate change (EL NINO)
- - Purchasing power decreased

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 Agenda

1 2 3 4 5
Highlight & Automotive & Financial Sustainability Q&A
update Tractor Summary Development
3Q23 Industries

25

• GHG Reduction - The • Reduce the impact of
amount of greenhouse gas
emissions decreased by
11%.
• Energy Saving - Reduce
energy consumption per
production by 4%
Note: Target: Base line Y2018
Sustainability Development : ESG Target 2023
• Waste Management- • Employees. Develop • Customer Relationship
using water resources - The amount of hazardous employees to be smart and Management -
Water consumption per industrial waste to the good people to society. Continuously develop and
production decreased by production decreased by improve operational
1.5% 2.5%. Target efficiency
• 100% good deed • Supplier Management -
• Hours of training 10 hours/ Cooperation with suppliers
person /year for sustainable
development, such as
participating in anti-
corruption network, etc.
26
 Rewards and Activities
Social Awards Environmental Awards
Carbon Footprint of
Circular Economy
Product Certification

Good Corporate Governance Awards

9 years in roll
CG Scoring Excellent 15 years in roll

Awards

27
 Agenda

1 2 3 4 5
Highlight & Automotive & Financial Sustainability Q&A
update Tractor Summary Development
3Q23 Industries

28
 Q&A

Somboon Advance Technology Public Company Limited – Investor Relations Department

Tel. +66 2 080 8275

Fax. +66 2 080 8198

Email : ir@somboon.co.th

Website : http://www.satpcl.co.th

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