S A H A M I T R P R E S S U R E C O N T A I N E R P L C .

World Class LPG Cylinder Manufacturer of Thailand

Opportunity Day
2022 Presentation

Sustainable Growth
Presented by: Mr. Surasak Urpsirisuk
Mrs. Patama Laowong
Mr. Jerawut Laowong
Miss Kanya Vipanurut

22 February 2023

SAHAMITR PRESSURE CONTAINER

PUBLIC COMPANY LIMITED.

92 Soi Thientalay 7 (4th Intersection), Bangkhunthien-Chaitalay Road, Samaedam, Bangkhunthien, Bangkok 10150, THAILAND | Tel: (+66 2) 895-4139-54 Fax: (+66 2)416-5534 Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Agenda
01 SMPC Overview

02 Industry Overview

03 Financial Highlights

04 Business Outlook

1
Opportunity Day
S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

SMPC is a world leading Low Pressure

Vessel manufacturer with customers
more than 100 countries

Main products which generate major

sales volume are LPG Cylinders

Established in 1981 by the

“Ekahitanond" family

Listed in SET market in 1991

Production capacity 10 million

cylinders per year

Located in Bangkok, Thailand

(Total area 46-1-13.9 Rai)

2
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

2023
Key Milestones Entering the 5th decade, SMPC focuses on developing
human capabilities, expanding customer outreach,
reducing environmental impact, and creating
“SMPC’s business has continuously grown since the company’s innovation for sustainability.
inception to be one of the world-leading manufacturers of
Liquefied Petroleum Gas (LPG) Cylinder”
2020’s

42 YEARS OF TRUST
& EXCELLENCES
2010’s
• Accredited the ISO 14001
standard
SET Awards “Best Company
•
•
Capacity at 10 million
Implement “5 Megatrends”
Strategy to drive business
Sustainability

1990’s
• Listed in the Stock
Exchange of Thailand (SET)
• Operation of 2nd factory
1980’s started; production
capacity increased to 2.4
million cylinders
• Established by the
• First Thai cylinder
“Ekahitanond” family
manufacturer to be
• Capacity approx. 60,000 accredited with ISO 9002
cylinders per year standard in 1995
• Certified TIS Standard for
LPG cylinder
manufacturing “Always
Standard”
2000’s •
Performance” and
• Enhance Production
Efficiency and Capability
“Outstanding CEO”
• Construction of New
• Annual production • Paid-up capital increased to
capacity reached 5 THB 535 million
•
Facilities
System Development
million cylinders in 2001 • Completion of factory 3,
• Catching the Autotank increasing the Company’s • ESG100 Awards
market boom, SMPC was capacity to 5.5 million • Excellence Award of
Corporate Governance and
the first Thai
manufacturer to be •
cylinders in 2013
New products e.g. Large LPG 5-star rating or ‘Excellent’
accredited with TIS 370- Storage Products score on the CGR
2009 standard
• CAC member for Anti-
• Launched of new product;
Corruption Practice
Light-weight cylinder
3
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Awards and Recognition 2022

27 Oct 2022 : SMPC maintains Excellent CG 5 Scoring for the 3rd consecutive year of listed companies under the
Corporate Governance Report of Thai List Companies: CGR (2022).

Presenter : Thai Institute of Directors (Thai IOD) and The Stock Exchange of Thailand (SET)
4
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

2022 Production Process Improvement

Powder Coating Line for Large LPG Cylinder, Factory 4

SMPC constructs powder coating line in factory 4, used for large LPG cylinder's powder coating process.
The line speeds up the process and reduce the smell of painting. The budget is approximately 3.7MB. The project
completed in Q3 2022.

(The budget is approximately 6 MB) Opportunity Day

5
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

SMPC Continuous Improvements

Thanks for the feedback from our customers, we will continue to improve in these key areas…

Product Delivery Communication

▪ Continue to Deliver Excellent ▪ Work with Our Customers and ▪ Update Status between Teams
Products that Help Our Our Supply Chain to Address and Customers
Customers’ Business Demand & Delivery Timing
▪ Providing Information to
▪ Invest in High Efficiency ▪ Speed Up Production Process to Customers when Needed
Machines & Improve Our Serve Our Customers in Need
Manufacturing Process ▪ Work with Customers to Improve
our Products & Services

6
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

2022 - 2023 International Exhibitions

2022 2023

Jul’22 Nov’22

May’23 Oct’23

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Mar’23 Sep’23 Nov’23

Oct’22

7
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Wide Ranges of Product Coverage

Household LPG Cylinder 0.45 - 300 kg.
(Water Capacity 0.9 – 1,000 lt.) Automotive LPG Cylinder

Cylindrical Autogas Recreational Toroidal Autogas

Tanks Vehicles Tanks Tanks
Thailand
Other Tanks
190 kg.

Air Receivers

2 Piece Cylinder 0.45 – 16 kg. 3 Piece Cylinder 18 – 300 kg.

(Water Capacity 0.9 – 36 lt.) (Water Capacity 43 – 1,000 lt.)
Refrigerant Chlorine Ammonia Forklift Cylinders with
Cylinders Cylinders Cylinders Cylinders Accessories
Opportunity Day 8
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Agenda

01 SMPC Overview

02 Industry Overview

03 Financial Highlights

04 Business Outlook

9
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

About the Industry

Production Consumption

GLOBAL GLOBAL DEMAND IN ASIA

IS FORECAST TO
PRODUCTION CONSUMPTION LEAD THE WAY
INCREASED PRODUCTION INCREASED GLOBALLY
OF 1.7% GREW OVER 4.3% OF 3.7%
IN THE USA

PRODUCTION GLOBAL RESIDENTIAL GLOBAL

PRODUCTION MARKET TOPPED AUTOGAS
DECLINE OF

332
CONSUMPTION ROSE
2.2% IN
MIDDLE EAST 153 OF 2.8%

MILLION MILLION
TONNES TONNES

10
Source: Statistical review of global LPG 2022 Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

LPG Production 2021

LPG Production by Region

332 Mil. MT
1.7%

11
Source: Statistical review of global LPG 2022 Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

LPG Consumption 2021

LPG Consumption by Region

331 Mil. MT
3.7%

Growth 5%

Growth 14.5% Growth 9.2%

Growth
2.8% Growth 0.1%

12
Industry -24.4%

12
Source: Statistical review of global LPG 2022 Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Household LPG Consumption by Region

Global increase (2020-2021) 9.23%, regional growth in all regions except North America
Domestic Consumption Growth (2020-2021) by Continents 2021 Domestic Consumption by Continents
Europe +5.2%
North America
10%

S. & C. America
14%

Middle East +3.3%

Asia-Pacific +11.8%
North America -4.2% Asia-Pacific
57% Europe & Eurasia
6%

Middle East
5%
Africa +8.3%
South & Central America +15%
Australia & Oceania +15.6% Africa
8%

13
Source: Statistical review of global LPG 2022 Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Predicted Global LPG Consumption by Region 2010-2030

• Predicted global LPG consumption is gradual growth annually, there are opportunities for SMPC to growin short to intermediate term.
• Thermal efficiency of LPG and transportation flexibility make LPG an excellent cooking fuel, especially in Asia where the use of the wok
demands a high heating value flame.
14
Source: Statistical review of global LPG 2022
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

% of Population with Access to Clean Cooking Fuels

Access to clean fuels or technologies such as clean cookstoves reduce exposure to indoor air pollutants, a leading cause of death
in low-income households.

15
Source: WHO,Global Health Observatory (2022)
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Agenda
01 SMPC Overview

02 Industry Overview

03 Financial Highlights
• Utilization Rate
• Sales Revenue
• Financial Ratios
• Dividend

04 Business Outlook
16
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Utilization Rate

Operational Statistics
Utilization Rate (%) 1Q21-4Q22
Sales Volume (Million Cylinders) Utilization Rate
2.2 100%
1.9
1.9 90%
1.8
1.7 1.6 1.6 1.6 1.6 80%

75% 74% 70%

70% 69%
1.2 67% 67% 60%
1.1
59%
50%

0.7 40%
42%
30%

0.2 20%

10%
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
-0.3 0%

17
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Utilization Rate

Operational Statistics
Utilization Rate (%) 2017-2022
Sales Volume (Million Cylinders) Utilization Rate

5 5

Capacity
2017 2018 2019 2020 2021 2022
(million cylinder)
Per Year 7.7 8.7 10.0 10.0 10.0 10.0
Per Quarter 1.9 2.2 2.5 2.5 2.5 2.5 18
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Sales Revenue

Operational Statistics (Cont’d)

Sales Revenue by Product Category : 1Q21-4Q22

4Q21 4Q22

Sales Revenue (Million Baht) Others 13%

Others 6%
1,800
1,534
1,600
Three-Piece Three-Piece
1,380 1,396 1,379 24% 24%
1,400
1,137
1,200 1,130

1,000 939
903
800 Two-Piece
Two-Piece 63%
600 70%

400

200

- -32%
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1,380 million baht 939 million baht
Two-Piece Three-Piece Other Tanks

19
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Sales Revenue

Operational Statistics (Cont’d)

Sales Revenue by Product Category : 2017-2022

2021 2022
Sales Revenue (Million Baht)
Others 5% Others 10%
6,000
5,248
Three-Piece Three-Piece
5,000 4,550
4,453 24% 21%
4,330
3,973
4,000
3,256
3,000

2,000 Two-Piece Two-Piece

71% 69%

1,000

-
15%
2017 2018 2019 2020 2021 2022
4,550 million baht 5,248 million baht
Two-Piece Three-Piece Other Tanks

20
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Sales Revenue

Operational Statistics (Cont’d)

Sales Revenue by Geography : 1Q21–4Q22

Sales Revenue (Million Baht) 4Q21 4Q22

1,800 Middle East Middle East
Europe
1,600 1,534 Oceania Europe
1,380 1,396 1,379
1,400 South America Africa
Africa Oceania
1,200 1,137 1,130 Asia Pacific Asia Pacific
South America
1,000 5
903 939
800 omestic
orth America orth America omestic
600 5

400

200 -32%
0
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22

Domestic Export 1,380 million baht 939 million baht

21
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Sales Revenue

Operational Statistics (Cont’d)

Sales Revenue by Geography : 2017–2022

2021 2022
Sales Revenue (Million Baht) Middle East
Europe
Middle East
Oceania
, Europe
5,248 South America
Oceania
5, Africa Africa
4,453 4,550
4,330 South America
3,973
,
Asia Pacific
3,256
orth America
, 5 Asia Pacific
5
orth America omestic

,
omestic

,
+15%
4,550 million baht 5,248 million baht
omestic Export

22
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Financial Ratios

Operational Statistics (Cont’d)

GPM, EBITDA Margin and NPM (%) 1Q21-4Q22 Gross Profit, EBITDA and Net Profit (MB) 1Q21-4Q22

5
5
5

5 5

PM EBIT A Margin PM ross Profit EBIT A et Profit

23
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Financial Ratios

Operational Statistics (Cont’d)

GPM, EBITDA Margin and NPM (%) 2017-2022 Gross Profit, EBITDA and Net Profit (MB) 2017-2022

5
,

5 , ,
5

5 5
5 55 5
5

PM EBIT A Margin PM
ross Profit EBIT A et Profit

24
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Financial Ratios

Operational Statistics (Cont’d)

IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht),
1Q21-4Q22 Interest Coverage Ratio (times) 1Q21-4Q22
Times million baht Times

x
5
x

x
5 5
5 x

IB E uity IB EBIT A inancial Cost Interest Coverage atio EBIT A I T

Remarks * IBD = Interest Bearing Debt 25

Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Financial Ratios

Operational Statistics (Cont’d)

IBD* to Equity Ratio, IBD* to EBITDA Ratio (times) Financial Cost (million baht),
2017-2022 Interest Coverage Ratio (times) 2017-2022
million baht Times
Times

x
5 x
5 x
5
5 x
5 x
x

IB E uity IB EBIT A inancial Cost Interest Coverage atio EBIT A I T

26
Remarks * IBD = Interest Bearing Debt Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Financial Ratios

Operational Statistics (Cont’d)

ROE and ROA (%) ROE and ROA (%)

1Q21-4Q22 2017-2022

OE OA

27
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Dividend

Dividend Payment History

Earning Per Share ividend per Share ividend Payout atio

Waiting for
AGM approval
31 Mar 2023

H1/22 = 0.60
H2/22 = 0.40

Remarks: *The company has a dividend payout policy to shareholders at not less than 60% of the net profit. 28
*The Company began paying Dividend since 2014 Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

III. Financial Highlights : Dividend

DIVIDEND PAYMENT TIMEFRAME

AGM APPROVAL XD RECORD DATE PAYMENT DATE

START END

31 Mar 2023 07 Apr 2023 10 Apr 2023 28 Apr 2023

29
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Agenda
01 SMPC Overview

02 Industry Overview

03 Financial Highlights

04 Business Outlook

30
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

IV. Business Outlook

2023 Target and Future Growth Strategy

Projected Sales Volume (million cylinders) Projected Utilization (%)

31
Opportunity Day
S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Business Key Success Factors

“Experienced in LPG cylinder business about 42 years, SMPC, currently, is one of the world-leading manufacturer
who offers variety of products and service with excellent quality assurance”

1 2
Quality Product and Process Improvement
Service Excellence and Product Innovation

ISO
Standard Key Success Innovation

3 4
Flexibility of Factors Customer
Production Line Relationship
Management

Flexibility of
Production Line Relationship
32
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

IV. Business Outlook

5-Megatrends: Innovation Development Strategy Toward Future Sustainability
Human Development
• Enhance Employee's Skill Set
• Foster Knowledge Sharing and Collaboration
• Promote Business Innovation Development for Social
& Environmental Challenges
• Career Development and Succession Planning
• Human Rights Due Diligence (HRDD)

Digital Transformation Innovation

• Digital Technology to Improve Operational Systems • Continuously Develop New & High-Value Products
• Customer Relationship Management • Optimizing Production Processes to Improve
• Supply Chain Management Efficiency and Safety
• Digital Infrastructure for Big Data Development • Exploring New Business Horizons for Expansion

Environment Sustainability
• Greenhouse Gas Emission Reduction
Automation
• Integrated Automation to Improve Product Quality,
• Machinery and Process Upgrades for Eco-Friendly
Reduce Costs, and Enhance Workplace Safety
Production
• Maximize the Results by Promoting Automation
• Eco-Friendly Procurement for Product & Service
Across Factories
• Source Environmentally Friendly Materials 33
Opportunity Day
 S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

Disclaimer

This document is addressed solely to participants of the meeting for the purposes of their information only and is not to be
distributed, in whole or in part, to any other person without prior written consent of Sahamitr Pressure Container PLC.
(‘SMPC’ or ‘the Company’). This document, and the information contained herein, is in preliminary form and is subject to
revision by SMPC at its discretion. Although reasonable care has been taken to ensure that the information contained in this
document is fair and accurate, SMPC has not independently verified such information. Accordingly, SMPC and representatives
i) make no representation or warranty, express or implied, as to the accuracy or completeness of the information contained
herein, and ii) expressly disclaim any and all liability based, in whole or in part, on such information, errors therein or
omissions therefore. Without any due diligence, all information addressed herein is based on our understanding.

34
Opportunity Day
S A H A M I T R P R E S S U R E C O N T A I N E R P L C . World Class LPG Cylinder Manufacturer of Thailand

THANK YOU
0-2895-4139-54

Info@smpcplc.com

https://www.smpcplc.com

35
Opportunity Day