SYNNEX (THAILAND) PCL.

OPPORTUNITY DAY | Q2-20196 September 2019

Established 5 April 1988

No. of Employees 837 persons (as of December 2018)

Paid-Up Capital* THB 847.36 million, par value THB 1.00

Symbol SYNEX (listed 16 June, 2008)

World’s Leading IT Distributor Know-How

Best IT, Supply Chain & Service Company

Largest IT Distributor in Thailand

IT & Financial Complete Service for Strategic Partners &

Customers

Broad Product Portfolio with 7 Product Groups

with over 60 World-Recognized Brands

Number One IT Distributor in Thailand

60+ World Class

Brands

5,000+Dealers

19+Million Units Sales/year

COMPANY OVERVIEW

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

16

52

10

5

14

2

20

8

39

1

69

2

74

3

98

5

1,5

50

2,0

07

2,9

00

4,2

14

6,8

00

8,9

10

9,0

25

9,4

00

11,0

00

11,4

89

13

,42

7

15

,60

0

20

,23

8

20

,57

6

18

,75

7

19

,09

2

21

,51

4

23

,82

3

32,4

26

38

,19

6

TOTAL REVENUE

Y1990 – 1H2019 Milestone

NetProfit

303MB

Gross

Profit

733MB

Sales

Revenue

17,431MB

1H2019

Growth (YoY)

-5.75%Growth (YoY)

-12.30%Growth (YoY)

-18.36%

Unit: Million Baht

4 Peripheral &

Accessory

5 Commercial

& Cloud

6 Smart Device

& IoT

7 Service &

Maintenance

Products distributed by Synnex (Thailand) can be

categorized into 7 groups

1 Mobile Phone

& Tablet

2 Personal

Computer

3 PC

Component

PRODUCT GROUPS

Multi-category & Multi-field

OVER 60 WORLD RECOGNIZED BRANDS

DISTRIBUTION CHANNELS

More Than 6,000 Distribution Channels

Countrywide and Indochina Region

IT CHANNEL

ONLINE CHANNEL MODERN TRADE CHANNEL

PHONE CHANNEL

DEARLER PORTAL

FULL-SERVICE DISTRIBUTOR

FULL RANGE OF SERVICES

E-Commerce

DEARLER PORTAL

Warehouse

Management ServicesDelivery Services Financial Services Total Service Solution

Implementing the Automated

Storage and Retrieval System

(ASRS) since 2007

More than 4,600 pallets storage

capacity

Total office & warehouse area +/-

30,000 m².

Fast 1-3 hours delivery service

Half day delivery service in

Bangkok area

Next day delivery service in

upcountry area

Installment program

Leasing / Loan

Trade & project backup finance

program

Bid bond program

Pre-sales services

Post-sales Services

On-site Services

by certified technical engineers

and supports specialists

After-sales Services

Synnex Care 1251

Nationwide Service Centers

• 24-hour web ordering

• Seasonal promotion

• Online customer support

FINANCIAL HIGHLIGHT

1H19 1H18 %YoY

Total Revenue 17,431 18,496 -5.75%

COGS (16,713) (17,682) -5.48%

GP 733 836 -12.30%

%GP 4.20% 4.52% -6.95%

Other Income 30 17 78.05%

OPEX (414) (422) -1.89%

%OPEX 2.38% 2.28% 4.10%

EBIT 348 430 -19.05%

%EBIT 2.00% 2.32% -14.11%

EBT 310 404 -23.19%

Tax (73) (89) -18.05%

Norm. Profit 237 314 -24.65%

FX gain (loss) 52 50 4.65%

Share of profit from investment

in associates 14 6 109.13%

NP 303 371 -18.36%

%NP 1.74% 2.01% -13.37%

CASH CYCLE

2,848 3,025 4,117

4,859

6,4485,862

50 50 5548 49 51

1

11

21

31

41

51

2014 2015 2016 2017 2018 1H2019-200

800

1,800

2,800

3,800

4,800

5,800

6,800

7,800

AR AR Days

1,402 1,277 2,018

1,649

3,037

2,172

30

2426

19

2428

0

5

10

15

20

25

30

35

2014 2015 2016 2017 2018 1H2019

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

AP AP Days

1,948 1,539

2,092 2,546

3,498 3,331

3331

2927

30

37

0

5

10

15

20

25

30

35

40

2014 2015 2016 2017 2018 1H2019

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Inventory Inventory Days

50 5055

48 49 51

3024 26

1924

2833 31 29 27

30

37

5357 58 56 55

60

0

10

20

30

40

50

60

70

2014 2015 2016 2017 2018 1H2019

Average Collection Period (Day)

Average Payment Period (Day)

Average Age of Inventory (Day)

Cash Cycle (Day)

Unit: Million Baht

Total Debt & D/E

3,170

5,0956,235

8,6167,808

1.37

2.052.25

2.79

2.5

0

0.5

1

1.5

2

2.5

3

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2015 2016 2017 2018 1H2019

Total Debt D/E

Note: Q2-2019, exclude HUAWEI 117 MB

FINANCIAL RATIO

Unit: Million Baht

Dividends and Share Information

Dividend Policy: Policy of paying a minimum of 40% of net profit after tax, after reserve

required by laws and other reserves.

0.4

0.56 0.53

0.290.24

0.460.53

0.81

0.94

0.48

0.38

0.25 0.270.32

0.15 0.13

0.30.36

0.53 0.64

0.20.15

63%

48%

60%

52% 54%

65%68% 66%

70%

43% 41%

-5%

5%

15%

25%

35%

45%

55%

65%

75%

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

2010 2011 2012 2013 2014 2015 2016 2017 2018 1H2018 1H2019

EPS DPS Dividend Payout

Year Operation Period Payment Date Dividend (per share) EPS Dividend Payout Ratio

2018 Jan-Dec 2018 10 May 2019 Cash Dividend 0.54

Stock Dividend 10:01

0.9470%

Note: It depends on BoD Meeting resolution.

Q&A