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TRANSCRIPT
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• Surat Thani Plant started production.
MILESTONE
• Sri Trang Gloves (Thailand) Co., Ltd. was established on 9 January 1989 under the name of Siam Sempermed Corp.• Hat Yai Plant started Natural Rubber Powdered Glove production with 4 production lines.
• Started Natural Rubber Powder Free Glove production.• Reached 1 billion pieces in annual production capacity.
1999
• Started Nitrile Glove production and distribution.• Hat Yai Plant reached a total of 60 production lines.
2005
• Hat Yai Plant expanded production lines and reached a total of 78 production lines.
2009
• Hat Yai Plant expanded production lines and reached a total of 84 production lines.
• Thaikong PLC. (“TK”) was established.
2016
• Trang Plant (TK) started Natural Rubber Powdered Glove production with a total of 12 production lines and 4 billion pieces in annual production capacity.
2018
• Hat Yai Plant expanded 6 production lines and reached a total of 90 production lines.• Surat Thani Plant expanded 7 production lines and reached a total of 21 production lines.
• Hat Yai Plant reached a total of 100 production lines.• Trang Plant reached a total of 24 production lines.• STGT was listed on the Stock Exchange of Thailand (“SET”) on 2 July 2020.
TK: Thaikong Public Company LimitedSDME: Shi Dong Shanghai Medical Equipment Company LimitedSTA: Sri Trang Agro-Industry Public Company Limited
STGT: Sri Trang Gloves (Thailand) Public Company LimitedSTU: Sri Trang USA, Inc.STC: Startex Rubber Corporation
NOTE:
2019
2020
• Sri Trang Gloves (Thailand) PLC. (“STGT”) was established from the amalgamation between Sri Trang Gloves (Thailand) Co., Ltd. and TK on 1 April 2019.• STGT acquired 100.0% of the shares of Shi Dong Medical Equipment Co., Ltd. (“SDME”) from Startex Rubber Corporation (“STC”) (STA’s subsidiary).
• STGT acquired 100.0% of the shares of Sri Trang USA, Inc. (“STU”) from STA.• Hat Yai Plant reached a total of 94 production lines.• Trang Plant reached a total of 17 production lines.
• Surat Thani Plant reached a total of 14 production lines
2011
Disclaimer : The information contained herein is being furnished on a confidential basis for discussion purposes only and only for the use of the recipient, and may be subject to completion or amendment through the delivery of additional documentation. Except as otherwise provided herein, this document does not constitute an offer to sell or purchase any security or engage in any transaction. The information contained herein has been obtained from sources that The Sri Trang Gloves (Thailand) PLC (“STGT”) considers to be reliable; however, STGT makes no representation as to, and accepts no responsibility or liability for, the accuracy or completeness of the information contained herein. Any projections, valuations and statistical analyses contained herein have been provided to assist the recipient in the evaluation of the matters described herein; such projections, valuations and analyses may be based on subjective assessments and assumptions and may utilize one among alternative methodologies that produce differing results; accordingly, such projections, valuations and statistical analyses are not to be viewed as facts and should not be relied upon as an accurate representation of future events. The recipient should make an independent evaluation and judgment with respect to the matters contained herein.
Standards
Factory Management Certificates Product Certificates
Sustainability Certificates
2014 2013
19931989
• Changed the Company’s name to Sri Trang Gloves (Thailand) Co., Ltd.
2017
European specification requirement
Australian/New Zealand
standard Japanese standard
International standard base
in USA
Chinesestandard
Brazilstandard
DIN EN ISO 13485:2016
ISO 13485:2016 ISO 22000:2005ISO 9001:2015 MDD93/242/EEC Class I
MDD 93/42/EECClass I Sterile
PPE (EU) 2016/425
Category III
Thai Industrial Standards
ISO 14001:2015 Business Social Compliance
Initiative
Green Industry Environmental Good Governance
HALALECOVADIS
ISO 17025:2005 GMPPPE Articla 11B EC
PPE (EU) 2016/425 Module D
Thailand standard for single-use medical examination gloves.
worldwide standard for single-use medical examination gloves
In life, every touch has a meaning.From the first day that we are born into this world,a pair of gloves takes us to the mother's embrace.
As you move through stages of life, gloves help to protect you. Across all sectors of society industries, from the medical
sector and food industry to the manufacturing of many products, gloves have become an essential part of our life.
Since 1989 Sri Trang Gloves (Thailand) Public Company Limited has taken pride in our attention to detail at every
stage of production, from the careful selection of raw materials to the constant research and innovation.
We take pride in producing gloves that deliver.
Operational excellence with international standards/certificates
“
Factsheet3Q20
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Gross Profit
SHAREHOLDING STRUCTURE
50.75
3.745.44
5.03
4.90 33.88
Thailand’s Largest Glove Producer
Since
19893
Factory locations
Export to
140+ countries 33
billion gloves per annum
Dividend 1.25 baht per share for 9M20 (Interim Dividend Payment)
BUSINESS (In 3Q20)PRODUCTS
DIVIDEND PAYMENT
Low Friction Latex Powder-Free
Grip Plus Latex Powder-Free
Comfort Latex Powder-Free
Sterile Low Friction Latex Powder-Free
Comfort Latex Powdered
Balance Latex Powdered
Premium Latex Powdered
Balance Nitrile Powder-Free
Comfort Plus Nitrile Powder-Free
Comfort Nitrile Powder-Free
Force Nitrile Powder-Free
Sense Nitrile Powder-Free FINANCIAL HIGHLIGHT
Natural Rubber Powder-Free Glove Business
Natural Rubber Powdered Glove Business
Nitrile Glove
22.9%
3Q20
Gloves Natural Rubber Products % Growth Gross Profit
Sales and Sales Growth Gross Profit
11,246.9 11,994.2
3,016.3
8.142.1
10,988.6
2017 2018 2019 3Q19
Unit: Million PiecesGloves Sales Volume
2,343.0 187.5
2017 2018 2019 3Q19 3Q20
FINANCIAL RATIOS
2017 2018 2019 3Q20
IBD/E D/E ROE
4.2%
2.7%
34.7%
11.3%15.0%
4.9%
23.8%
31.4%
Gross Profit Margin
ROA
Unit: THB mn
37.6%
39.5%
12,886.5 15,786.8 5,003.119,891.9 7,143.4
2017 2018 2019 3Q19 3Q20
3Y CAGR(2017-2019) 24.2%
CAGR (2017-2019)3.3%
169.9%
8,90
4.0
10,8
01.1
798.4
1,808.9
1,438.7
322.5
4,907.5
11,9
94.2
0.19 0.32
1.612.00
1.381.811.87
2.59
Revenue Structure
7.1%
16.5%12.0%
10.7%
60.3%
STGT recognizes the rights and equality of all employees. We have obtained the highest rating in the Business Social Compliance Initiative (BSCI) audit by amfori. Moreover, STGT is focused on product development to provide the best quality products and services to customers and is committed to keeping customers’ confidential information private and secured.
ESG
STGT recognizes the importance of the environment and adheres to the principles of 3Rs (Reduce, Reuse and Recycle). STGT invests heavily in biomass energy, waste management and green energy to ensure a healthy environment within our facilities as well as communities in the vicinity. Moreover, STGT has received certification from the Forest Stewardship Council (FSC), testifying to our commitment to the responsible management of the world’s forests.
STGT recognizes the importance of good corporate governance that supports the Company’s business operations, sustainable growth and lead to maximum benefits for all stakeholders. We have established the “Good Corporate Governance Policy” as a guideline on management and the “Anti-corruption Policy” as a guideline on business practices.
Sterile Premium Latex Powdered
28 Sep24 Aug
STOCK INFORMATION
SET: STGTAs of 30 Nov 2020 THB 75.25
Nitrile Powder-Free Examination Gloves
Latex Powder-Free Examination Gloves
Latex Powdered Examination Gloves
Sri Trang Agro-Industry Public Company LimitedRubber Land Products Company LimitedThe Bank of New York MellonThai NVDR Company LimitedOthers
E
S
Governance G
Social
Environmental
Gamma Ray Sterile Examination Gloves
Africa3.4% Australia and Oceania
0.6%
37.5%Asia
20.5%Europe
11.5%Latin
America
22.2%North
America Middle
East
4.3%
REDUCEREUSERECYCLE
Authorised Capital: THB 1,434,780,000
Paid-up Capital: THB 1,428,780,000
Par Value: THB 1.00
No. of Shares: 1,428,780,000 Shares
Market Cap: THB 107,156 mn (as of 30 Nov 2020)
Unit: THB mn
As of 6 Nov 2020
104.7
613.9
981.6
214.5%
8.9%
1.9%
5.1%
4,401.9
3Q202017 2018 2019 3Q19Net Profit Net Profit Margin
Net Profit
3Q20THB
8,142 mn
3.5%
54.1%
Gloves SalesCAGR (2017-2019)
16.1%
30 Nov9 Nov26 Oct
14 Sep10 Aug 12 Oct