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SABINA PUBLIC COMPANY LIMITED www.sabina.co.th PRESENTATION Q2 2021 OPPORTUNITY DAY 1
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OPPORTUNITY DAY - sabina.listedcompany.com

Dec 06, 2021

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Page 1: OPPORTUNITY DAY - sabina.listedcompany.com

SABINA PUBLIC COMPANY LIMITED

www.sabina.co.th

PRESENTATION Q2 2021

OPPORTUNITY DAY

1

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WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

OPPORTUNITY DAY PRESENTATION

AGENDA

Q2 2021

SABINA PUBLIC COMPANY LIMITEDwww.sabina.co.th 2

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• Covid W3 has returned heavily again on mid of June although the situation seemed to be normal

on April and May, Sabina has applied the following strategies,

1. Introduce new budget price products to cope with the current situation.

2. Increase more activities on both online marketplace and social commerce together with the TV

shopping.

3. More mobile pop up stores to the community market where there is high traffic.

4. More orders have been placed by CLMV distributors on April and May.

THB mm

Revenue

2,397 2,679

3,103 3,295 2,914

1,340 1,305

658 633 4% 12% 16% 6% -12%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

Q2 2021Sale Performance

3

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Q2 2021Sale Performance

• +24.3% YOY, NPM increase from 7.7% to 9.9%

1. Higher efficiency of marketing budgets spent with social and online platform.

2. Learning from the Covid situation last year the company has saved more expenses

by combining some divisions, exercising more job rotation, renting lower sale

space, promoting more DTC sale, less traveling, etc.

• GPM has sharply increased from 38.8% to 49.3% since Sabina did not

produce low margin fabric mask anymore unlike the situation of last year when

hygienic mask was short from the market, fabric mask took place in a sudden

and were donated to several communities and hospitals.

Gross Profit Net Profit

1,258 1,356 1,595

1,786

1,373

612 625

256 309

52.8% 50.9% 51.6%54.4%

47.4% 45.9% 48.5%

38.8%

49.3%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

Gross Profit

176 243

362 413

277

121 141 50 63

6% 38% 49% 14% -33%

7.3%

9.1%

11.7%12.5%

9.5% 9.0%

10.8%

7.7%

9.9%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

4

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Sabina Revenue Net Profit

THB mmTHB mm

2,397 G 4%2,679 G 12%

3,103 G 15.8%3,295 G 6.2%

2,914 G-11.6%

2016 2017 2018 2019 2020

95105

117

97

70

50

86

7078

63

Q1 Q2 Q3 Q4

2019 2020 2021

1H 2020 1H 2021 % YoY

Net Profit 121 141 16.7%

Q2 2021Performance Update

5

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Financial overview by segment

96

254

336

554

284 295

184 149

164% 32% 65%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

THB mm

• With the ongoing of Covid wave2, more Mobile pop up stores have

aimed to high traffic locations where there is the Government helping

vendor Campaign. • Newness for Q2 collections such as Sabina x EstherBunny

• Focusing more O2O strategy through our Sabina@home program

where the offline sales can also sell online.

SABINA BRAND

REVENUE64% (69% in 2020)

• With the quick growth of +79% moving average since 2017, Nsr is still

aiming to get 25-30% proportion of the total revenue by the end of this

year although Nsr has got a hiccup on this quarter.

• The slow down of the economic due to the 1st and 2nd hit of Covid 19

has also caused the overall poor purchasing power and it was also

because of the high growth of the on line sale at the same period.

• Real time marketing is still be our short-term strategy to adapt all sale

and marketing plan to match with customer needs.

NON STORE RETAILING (NSR)REVENUE23% (19% in 2020)

THB mm

1 22,112 2,291

2,489 2,581

2,006

885 830 402 392

7% 8% 9% 4% -22%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

Q2 2021Performance Update

6

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59 52

60

76 70

35 40

8 12 -7.8% -12.7%17.4% 25.7% -7.9%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

Financial overview by segment

THB mm

SABINA EXPORT

REVENUE3% (3% in 2020)

OEM

REVENUE10% (9% in 2020)

THB mm

3 4

Q2 2021Performance Update

212 220

287 287 265

127 126

65 73 -17.2% 3.9%30.3% 0.1% -7.5%

2016 2017 2018 2019 2020 1H 20 1H 21 Q2 20 Q2 21

G -0.7%

• The postponed shipment from March due to the Suez canal situation

has been combined together with the 2nd Quarter order to make the

sales increase 12.3%.

• The recently weak Thai currency has caused the higher margin as

well.

• Vietnam as one of the top secure from Covid country, the distributor

has placed more orders during April and May making the sale

increased to 43.5%.

7

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Q2 2021Performance

Update

SABINA BRAND

REVENUE

64%

(69% in 2020)

NSR

REVENUE

23%

(19% in 2020)

SABINA EXPORT

REVENUE

3%

(3% in 2020)

OEM

REVENUE

10%

(9% in 2020)

Financial overview by segment

Sabina Brand 830.2 MB 64%

Sabina NSR 294.5 MB 23%

Sabina Export 39.7 MB 3%

OEM 126.4 MB 10%

8

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SABINA EXPORT

39.7 MB , G +13.1%

◼ Vietnam 29

◼ Philippines 27

◼ Myanmar 8

◼ Laos 7

Purely distributed by local partners with no direct investment on the stores

◼ Cambodia 5

◼ Bangladesh 10

◼ Pakistan 9

New Store/POS Expansion (Q2 2021)

Offline

• Join the Thailand Best Buy

and Top Thai Brand event

to expand the target group

for Sabina

• Doing the event near the

area of supermarket or

near the community to

generate more sales and

expand target customer

Online

• Sabina as one of the top 5 best

performance award in year 2020

from shopee and only one lingerie brand that got this prize

• Join the double digit campaign

every single month and having

Sabina brand day on online platform

Sabina brand export has aimed to

focus on the ASEAN community,

especially on the on line platform

where we are now the number one

of lingerie section through Shopeesince 2020.

9

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OEM

126.4 MB , G -0.7%

• Order from UK and EU brands has

been fully booked till December

2021.

• The collapse of some SME garment

factories after the 1st and 2nd hit of

Covid has brought the opportunity for

OEM business to get more orders of

all type of garments keeping Sabina production work smoothly.

OEM Customers [Lingerie]

Order Confirmation

OEM order is in place until

December,2021

Order Confirmation Q2 2021

1 3 126

10

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NON STORE

RETAILING (NSR)294.5 MB , G +3.7%

• New Customers try to buy product on

alternative platforms besides traditional

platform (Offline)

• NSR still has growth about 3.7% even 2nd

and 3rd of Covid 19 pandemic occurred.

• Real time marketing still be our short-term

strategy to adapt all sale and marketing

plan to match with customer needs.

Lazada , Shopee , JD , LineShopping , Central Online , Robinson Online ,

Sabina Online

Online

Oshopping , One31 , GMM25 , Friday , 24 Catalog

TV & Catalogue

i.e. Vending Machine

New Channel

ONLINE52%

TV + Catalogue46%

New Business3%

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• DTC is growing in double digit comparing to other online

channels. Customers are willing to buy directly from brand.

6,142,790

23,093,144 11,82

7,862

Direct Sale

YoY +11%

Market Place

YoY-9.5%

DTC (Direct to customer)

Sabina website + Social commerce

X

NON STORE

RETAILING (NSR)294.5 MB , G +3.7%

TREND ONLINE

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NON-STORE

RETAILING (NSR)294.5 MB , G +3.7%

• Shopee Brand Awards 2021

To celebrate brands’ milestones and achievements, Shopee also

presented awards to ten brands for their outstanding marketing

and commercial performance

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SABINA BRAND

830.2 MB , G -6.2%

Shop

Department

stores and

others

Modern TradeMobile pop up

store

Distributors

2021

Strengths

◼ Key channel

for high value

products

◼ Advertising

channels

◼ Channels to

gather

customer

behavior data

for R&D

◼ Key channel

for mid-end

products

◼ Key channel

for low price

products

◼ Key channel

to manage

obsolete

inventory

95 Shops82 Department stores

82 Traditional Trade307 Modern trade

Traditional Store Retailing Channels

Store 2019 2020 Q2 2021 Dif

Department Store 83 83 82 -1

Modern Trade 308 312 305 -7

Shop 106 102 95 -7

Traditional Trade 88 81 81 0

Total 585 578 563 -15

14

With the rise of Online and TV shopping channels, more traditional stores will be

removed to 550 offline stores by the end of 2021, renting space will keep lower than 50 Square meter.

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TVC : GREAT PRICE

15

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Covid insurance

South East Life Insurance teams up with Sabina to

create a special promotional campaign especially

for Sabina customers, when spending 1,500 baht per purchase, get a free Covid insurance.

WFH Bras : The comfiest bras for working from home

In between all the hustle and fear of the pandemic, the unending work from home demands

comfort clothing is raising. Sabina offers the comfiest seamless, wireless and non-padded bra

styles for your everyday wardrobe and enjoy the new normal. You can feel the most

comfortable natural beauty bra .

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New +Plus Size Panty for Plus Size Woman

Sabina new + Plus size panty for plus size women to feel the most comfortable from inside available

now both Sabina store and Sabina online.

Premium Camisole

To create the most comfortable outfit for in-

home workouts & exercise, lounging on the

couch, or as a sleeveless sleep shirt also

recommended.

17

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Maximizing Fit for Cloth and Medical Procedure Masks to Improve

Performance and Reduce SARS-CoV-2 Transmission and Exposure

Universal masking is one of the prevention strategies recommended by CDC to slow

the spread of SARS-CoV-2, the virus that causes coronavirus disease 2019 (COVID-19).

Sabina also has campaign to support customers using double masks for more

protection.18

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Newness : Sabina x Esther Bunny Collaboration

Sabina team-up marks Esther Bunny’s first collection released in Thailand.

It is designed by Korean-American artist Esther Kim.

19

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Sabina promoted our OMNI channel by turning our offline

store PC to be online customer service to give any

assistance customers may need during a temporarily

closing of our stores in 29 provinces,

20

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FINANCIAL HIGHLIGHT

Q2 2021

SABINA PUBLIC COMPANY LIMITEDwww.sabina.co.th 21

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176 243 362 413 277

121 141

7.3%9.1%

11.7%12.5%

9.5% 9.0%10.8%

2016 2017 2018 2019 2020 1H 2020 1H 2021

Net Profit NPM

2,397 2,679

3,103 3,295 2,914

1,340 1,305

2016 2017 2018 2019 2020 1H 2020 1H 2021

WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

Rapidly trending down SG&A to total revenue

% THB mm

THB mm THB mm

Consistently growing top line

Significantly expanding net profit and NPMStrong GPM and steadily expanding EBIT margins

% YoY Growth

2016 2017 2018 2019 2020 1H 2020 1H 2021

4% 12% 16% 6% -12% -18.5% -2.6%

1,051 1,067 1,156 1,276 1,034

463 461

44.1%40.1% 37.4% 38.9%

35.5% 34.6% 35.3%

2016 2017 2018 2019 2020 1H 2020 1H 2021

SG&A SG&A/Sales

9.2% 11.4% 14.6% 15.9%12.2% 11.7% 13.7%

52.8% 50.9% 51.6% 54.4%47.4% 45.9% 48.5%

2016 2017 2018 2019 2020 1H 2020 1H 2021

EBIT Margin GPM

% YoY Growth

2016 2017 2018 2019 2020 1H 2020 1H 2021

6.1% 38.4% 48.7% 14.3% -33.0% -39.6% 16.7%22

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WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

Days inventory outstanding and inventory turnoverDays sales outstanding and account receivable turnover

Improving cash conversion cycleAccount payable turnover days and account payable turnover

Days

49 45 44 4651 47

7.58.1 8.3 8.0

7.17.7

2016 2017 2018 2019 2020 1H 2021

DSO (Days) A/R Turnover (Times)

374297

255328 355 358

1.0

1.21.4

1.11.0 1.0

2016 2017 2018 2019 2020 1H 2021

DIO (Days) Inventory Turnover (Times)

41 46 41 43 33 29

8.98.0

8.9 8.4

11.012.4

2016 2017 2018 2019 2020 1H 2021

A/P Turnover Days (Days) A/P Turnover (Times)

382296

258331

373 376

2016 2017 2018 2019 2020 1H 2021

Working capital management

23

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7.9

10.5

14.5 14.7

9.510.6

2016 2017 2018 2019 2020 1H 2021

WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

Healthy balance sheet with ample debt room to raise fund whenever it is needed

D/E

PercentPercent

ROA ROE

Times

EPS

10.313.3

19.422.4

15.116.6

2016 2017 2018 2019 2020 1H 2021

1,754 1,895 1,835 1,861 1,795 1,818

484 492 767 1,157 1,009 852

0.28 0.26

0.42

0.62 0.56

0.47

2016 2017 2018 2019 2020 1H 2021

Total Equity Total Liabilities D/E

0.51

0.70

1.041.19

0.80

0.41

2016 2017 2018 2019 2020 1H 2021

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With ability to consistently distribute cash to investors

Dividend

2017 2018 2019 2020 2021

Dividend THB /

Share0.82 1.04 1.19 0.80 0.41

Payout Ratio 117% 100% 100% 100% 100%

0.70

1.04

1.19

0.80

0.41

0.14

0.50 0.57

0.35 0.41

0.68

0.54

0.62

0.45

2017 2018 2019 2020 2021

EPS (Bt./share) 1st Half 2nd Half

25

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BUSINESS UPDATE

SABINA PUBLIC COMPANY LIMITEDwww.sabina.co.th

WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

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Mother’s Day

Sabina launched special Mom’s giftset with premium face masks on Mother’s day.

27

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Expansion of product range

Sabina started to have special collaboration with top-brand to create more variety of products to Sabina’s customers. All the

brands that we collaboration has their own uniqueness about design and quality product.

28

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CSR : Continuing donation of cloth mask and lingerie to help Thai pass this pandemic

Sabina continue donates both our cloth mask and lingerie to worker camp that has been locked down,

Public school in Bangkok, Hospital for medical personnel etc.

29

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2,400

1,400 1,550 1,758 1,443 1,245 -198

1,900

1,400 1,4501,618

1,4231,317 -106

800

1,1001,200

1,153

1,073959 -114

5,100

3,9004,200

4,529

3,9393,521 -418

2011 2013 2017 2019 2020 1H 2021

Sewing Non ( sewing+PC ) PC

WHAT ARE WE IN Q2 2021 FINANCIAL HIGHLIGHT BUSINESS UPDATE APPENDIX

Output (million pcs.)

Manpower

- The total number of employees have naturally decreased 418 positions since

the beginning of January 2021. Some employee would like to change their job

to do the food and parcel delivery during the Covid pandemic.

• Production Capacity has been intentionally controlled to reduce to -12% on this quarter to avoid the inventory piled up.

Output 2020 2021 %GYS 3.20 2.97 -7%CN 1.70 1.75 3%BN 1.20 0.91 -24%TP 1.20 1.05 -12%S5 1.10 0.75 -32%

Capacity 8.40 7.43 -12%

-114

-198

-106

30

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Sourcing

GPM 58.9%Produce

GPM 50.4%

GPM 51.6%

Production : Sourcing

Working capital and inventory management

• 48.5% GPM of 1H has been improved from 47.4% GPM of ending 2020. GPM of out sourcing is still making

higher profit than self production despite the recent weaker Thai currency.

63% : 37%82% : 18%

Sourcing

GPM 58.6%Produce

GPM 53.3%

GPM 54.4%

54% : 46%

2020

GPM 47.4%

Sourcing

GPM 57.6%Produce

GPM 43.2%

• Inventory days still maintains at the similar level of 2020 despite the second Covid pandemic on Dec2020 to Jan2021

and the third Covid pandemic on mid Jun.

20192018

55% : 45%

1H 2021

GPM 48.5%

Sourcing

GPM 56.6%Produce

GPM 44.3%

374297 255

328 355 358

1.01.2

1.4

1.11.0 1.0

2016 2017 2018 2019 2020 1H 2021

DIO (Days) Inventory Turnover (Times)GPM has sharply increased

from 38.8% to 49.3% YOY

and from 47.6% to 49.3%

QOQ.

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CSR : ESG ESG Principles

ENERGY MANAGEMENT (GRI 302-1, 302-4)

WATER MANAGEMENT (GRI 303-2, 303-4, 303-5)

PARTICIPATION IN CLIMATE CARE

(GRI 305-2, 305-5)

WASTE MANAGEMENT (GRI 306-2)PRODUCTION RESPONSIBILITY(GRI 301-1 , 301-2)

CORPORATE SOCIAL RESPONSIBILITY MANAGEMENT- Mother Jintana Foundation- Sewing Cup, Sewing Heart- AunJai Fund (Micro Finance)- Factory Model - Covid Away Program

SAFETY , OCCUPATINAL HEALTH AND WORKING ENVIRONMENT (GRI 406-1, 403-2, 403-4, 403-5, 403-6, 403-9)HEMAN RIGHTS RESPECT (GRI 406-1, 412-1, 412-2)

FAIR BUSINESS PRATICES- Code Of Conduct

- CAC (Collective Action Coalition Against Corruption)

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Corporate Culture

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APPENDIX

Q2 2021

SABINA PUBLIC COMPANY LIMITEDwww.sabina.co.th 34

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◼ The leading Thai women underwear manufacturer

under the iconic Sabina brand, awarded Thailand’s Top

Corporate Brands in fashion sector for 5 consecutive years

◼ Strong distribution nationwide

with products sold across 585 POS, 106 shops in leading

department stores and discount stores together with sales

channels in TV and online channels

◼ Also has support from local distributors

In key regional markets including the Middle East, Asia

(Pakistan), and AEC (CLMV and Philippines)

◼Manufacturing capacity of ~12 mm units

with ability to manufacture complex products that required high

skilled labor

Yasothorn

1.5 mm/year

Burerum

5 mm/year

2.4 mm/year

Chainat

1.7 mm/year

Thapra

1.4 mm/year

Sai 5

Manufacturing footprint (1)

#1 Thai lingerie brand in term of revenue

Sabina at a GlanceIntroduction to Sabina

35

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0%

BRAND EXPORT

3%

BRAND EXPORT

19%

NSR

9%

OEM

10%

BRAND

90%

OEM

69%

BRAND

1997-2005: No pricing ability with nominated supplier 2012-2020: Ability to command retail price with variety supplier

Sale Report Brand and OEM (2007 - 2020)

55%50%

35%30%

25%

10% 9% 11% 11% 9% 8% 9% 9%9%

45%50%

65% 70%75%

90% 91% 89% 89%97% 92% 91% 91% 91%

1,163959

551556

441

185 200 242 250 216 220 287 287 265

903994

1,0991,310

1,459

1,824 1,978 1,911 2,044

2,108

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020OEM Sabina

% Gross Profit

26% 37% 37% 35% 44% 50% 51% 53% 52% 53% 51% 52% 54% 47%

% Net Profit Margin

6% 9% 4% 3% 3% 6% 5% 7% 7% 7% 9% 12% 12% 9%

2011: Thailand Great flood / Euro-zone crisis

2012: Minimum Wages hike to THB 3002007-2008:Subprime 2010:UK Financial Crisis

2,439 2,803

Sabina at a GlanceFrom OEM manufacturer to brand developer

2,993 2,633

36

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Sabina at a GlanceWide product offering with ability to capture broad group of customers

Medium (<THB700) Medium-High(THB700-1,000) High(>THB1,000)

Children

(6-15 years)

Teens

(15-25 years)

Young women

(25-45 years)

Women

( > 45 years)

The products vary in prices to fit with different

target groups. The lowest price products are

distributed through modern trade, such as BigC

and Tesco Lotus. The middle price products,

which cost about 700-800 Baht, are distributed

throughout the country, including Doomm Series,

Wireless bras, and Modern V. For the top price

products under the brand Madmoiselle, Maggie

mae and Woonsen Collection, which cost over

1,000 Baht, are only distributed in big cities and in Bangkok area only.

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Sabina at a GlanceGrowth Strategy in 2021-2023

◼ Customer centric product development

◼ Consistently introduce new products / collection that meet customers needs

◼ Backed by state-of-the-art marketing activities (plan to invest 3-4% of sales in marketing

activities)

◼ Store Optimization – selective store for each group of product

◼ Price optimization

◼ Provide Omni-Channel experience for customer

◼ Wider and Exclusive assortment in online and TV channels

◼ Joint business plan with key partners to align sales & marketing plan

◼ Provide customer seamless Experience

◼ Personalized marketing campaign

◼ Sabina brand building

◼ Strengthen distributors

◼ Channel expansion

◼ Stores expansion

◼ Online and TV channels expansion

oversea

◼ Wholesale expansion

◼ Product innovation

◼ Maintain superb quality and on-time delivery

◼ Focus on high-end brand

◼ Increase higher profit margin

NowLooking Forward

Key Drivers

Sales will be supported by both Sabina manufacturing capacity together with an increase in product sourcing from trusted sub-contractors

Sabina

Brand

NSR

Export

OEM

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Company InformationBusiness structure

Shareholding patternDivisions operation of the company policy

39

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Company InformationCompany mile stones

Originally, the business of manufacturing and distributing OEM products of the company was the production and distribution for subsidiaries which received production orders from another customer. Since the subsidiary has been operating for a long time and is known to foreign customers more than domestic ones. When the company became well-known to foreign customers, it began to sell OEM products directly to customers. So the production for lingerie distributors overseas is the main revenue proportion. However, after the company changed its policies concerning reducing the proportion of OEM production and distribution since 2008, resulting in the company's main revenue proportion coming mainly from the production and distribution of products to the subsidiary under the brand "Sabina".

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Company InformationMessage from Chairman The Thai economy in 2019 did not look good, resulting from the decelerating trend in 2018. The GDP at the beginning of

the year was expected to be approximately 3.8 % but ended up at 2.4%. The first half of 2019 saw a rather promising growth of the Thai economy; however, second half of the year saw a decline in agricultural prices, drought, and heavy rain at the end of the year, causing floods in the north and northeast regions.

Despite the recession, due to the expansion of distribution channels customized for the current buying habits of consumers, Sabina Public Company Limited was able to perform well in 2019, in which its sales revenue had increased by 6.2 percent, resulting in total sales revenue of 3,295 million baht, which was higher than the previous year's sales revenue of 3,103 million baht, resulting in a 14.3% higher profit than the previous year and net profit of 413 million baht, which was higher than the previous year's net profit of 51 million baht. For this reason, the Board of Directors has resolved to pay dividends of 1.19 baht per share. However, since the Board of Directors has passed a resolution to pay interim dividends in the amount of 0.57 baht per share, it is appropriate to propose to the general meeting of shareholders on April 23, 2020 for further dividend payment at the rate of 0.62 baht per share, which will be paid on 22 May 2020

In 2020, the company is planning to increase its sales revenue and expand its customer base by offering new distribution channels that are easily accessible, faster delivery by adjusting the inventory and shipping system to be more efficient, new innovative products to meet the needs of consumers, clear marketing communication, and the marketing budget for maximum efficiency. Exports produced under the CLMV companies' brand are likely to increase due to the reliability of the quality and the Sabina brand of the company.

In 2019, the company operated its business by abiding by the principles of good corporate governance and continuously recognizing the importance and responsibility of shareholders and interested parties of the company. In 2019, the company was evaluated by the Thai Institute of Directors (IOD) and placed at the level of "excellent".

In 2019, the company put a great emphasis on the importance of projects and activities based ESG (Environmental, Social, Governance) and the philosophy of "Society Lives. People Survive. Employees and Companies live a sustainable Life", by implementing former projects and maximizing their benefits such as Breast Implant Project that is focused on breast donation to those undergoing mastectomy because of breast cancer, Zero Waste Project emphasized on usage of traditional wisdom to make products out of waste materials, and Micro Finance aimed at helping employees with large debts.

On behalf of the Board of Directors, executives, employees, the company will be dedicated to conducting its business under the principles of good governance in order to create sustainability for the organization. Thank you to all shareholders, customers, business partners, as well as all interested parties, for the trust and confidence that you have given to the company all along. Finally, we are so proud to have received the Set Award in the Out Standing Performance category for 2019 as well. 41

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Company InformationVision and Mission

Vision

The company operates under the

concept of “Create Value with

Innovation” aim to build Sabina lingerie

brand integrity with new innovations as well as

modern fashion, accepted quality, consist and

fits with the needs of all women in all countries

and along with social responsibility.

Mission

The company has a mission to

operate in accordance with the

vision structured

under the concept of operations

which are separated into

various parts as follows.

People:Trust and Worthiness in human as precious resources

People: The company believes that employees are valuable human resources because they are an important factor enables the company to achieve its goals and objectives. Therefore, giving importance to taking care of all employees, every position is like a valuable resource of the company.

Product:Delivered products beyond expectation

Product: The company will produce product’s quality tomeet with expectations of

customers. By using research, develop new innovations for products that will meet the needs of women of all ages.

Partners:Trust and Reliable Enterprise

Partners: The company will manage and operate in order to gain trust and confidence from partners or those related to the company in every aspect such as shareholders, employees, customers, creditors, and competitors.

Productivity:Innovation through productivity by advance mechanism

Productivity: The company will manage production by using production management methods, production technology, production innovation Including modern machinery used in production. In order to get standardize quality products and approve by every customerin every country.

Planet:Return Benefit to Society and Environment

Planet: The company is still committed to business conducting by returning profits to society and the environment.

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Company InformationAwards

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Company InformationAwards

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Company InformationAwards

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Company InformationOrganization Chart

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Company InformationBoard of directors

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Sabina Fareast Co., Ltd.

Address :

12 Arun Amarin Road, Arun Amarin

Sub-District , Bangkok Noi District, Bangkok 10700

Telephone :02-422-9400

Fax :02-434-5911

IR Contact :

Telephone :

02-009-9999

E-mail :[email protected]

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