1

FULL CAPACITY

Company History

Company Overview
IHL Company Product

CAPACITY

Sale Performance and

Financial highlight
2
 COMPANY HISTORY
IHL

3
 History

1945 : Established as Srinakorn Tannery

1998 : Entered into automotive industry

2005 : Registered in SET as Interhides Public Co., Ltd

2011 : Established Subsidiary Company under BOI (ISC)

4
 History

2015 : Expand a Tannery Plant to Factory 8 support Non Automotive Business

such as Shoes Leather and Furniture Leather

2016 : Established Protein Factory under the name of Inter Green which is
Factory 9

5
 COMPANY
IHL
OVERVIEW

6
 Product Flow Chart
Tanning &
Re-tanning

RAW MATERIAL
(Buffalo/Cow
Leather) Includes salted hides, liming
& splitting and chroming.

Finishing Crust

Embossing & Color Semi Process Crust

Spray Leather

Cut part & Sewing

- Cutting Leather IHL1 IHL2 IHL3 IHL4 IHL5
For car seat
- Sewing time
cover sub ass’y
Seat set
IHL6 IHL7 IHL8 IHL9
9 plants and
FG 1,300 Employees 7
CUSTOMER
 Factory 6 ( KM.34 )
Tanning

8
 Factory 6 ( KM.34 )
Tanning & Re-tanning

Move to IHL7

9
Wet Product
 Factory 7 (Bangpoo Industrial Area)

Crust Leather

Product

Crust Leather
10
 Factory 3 and 7
Finishing Leather

Finishing Leather

11
 Factory 4 and 7
Cut Part floor

Leather Cut Parts

Leather Cut part 12

 Factory 4 and 7
Sewing floor

13
 Factory 5 Floor 1 ( T.J.C )
Steering Wheel & Gear Knob

Sewing Steering Wheel

14
 Factory 5 Floor 2 ( T.J.C )
Safety Shoes

15
 Factory 10 ( KM.34 )
Tanning Wet Blue All Product
IHL6
Cap Phase#1 2018

IHL10
 Factory 10 ( KM.34 )
Tanning Wet Blue All Product
IHL6 Cap Phase#1 2018

IHL10
Development center
RD & LAB

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Development center

19
 Development center

Tensile tester Rubbing Heat Resistance Humidity

machine Tester Tester Resistance Tester

Full TEST Facilities to

meet all OEMs’
specification with
ISO/IEC17025
Taber abrasion Tester Balance

20
Fogging Tester Thickness pH Meter Soxhlet Extraction apparatus
 Environment
Water Treatment

Factory 2 Factory 7 Factory 6

( KM.34 )

21
ส ง อ ้ เส ี ของ วเอง
 Environment
Water Treatment

เอำมำใช้
น ้ำที่ได้ จำก
น ้ำก่อนเข้ ำ น ้ำหลังกำร ในกระบวนกำร
กระบวนกำร
ระบบบำบัด บำบัด ผลิต
recycle
 Environment
New Water Treatment FACTORY 10
 Certificates
ISO/TS16949 : ISO/IEC17025:
Certified since 2002 Certified since 2005

24
 Awards/Certificates
LWG : Quality
Certified since 2014 System
Cost
2016

2014 - 2015

25
Awards/Certificates

26
 Award
Quality
2008 System
Cost
2009

2010

2011

2012

2013

2014
27
 Awards/Certificates
Tannery of the year
2017 / 2018

28
 COMPANY
IHL
PRODUCT

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 MARKET SEGMENTATION

AUTOMOTIVE
NON AUTOMOTIVE

SERVICE

Safety Shoes Wet Blue

 Automotive

Leather Cut Parts Seat Covering Gear Knob 31

Steering wheel
 AUTOMOTIVE

SERVICE

NON
AUTOM
OTIVE

AUTOMOTIVE

PAKISTAN EGYPT

32
 AUTOMOTIVE

SERVICE

NON
AUTOM
OTIVE

AUTOMOTIVE

33
 AUTOMOTIVE

SERVICE

NON
AUTOM
OTIVE

AUTOMOTIVE

Japan

34
 AUTOMOTIVE

SERVICE

NON
AUTOM
OTIVE

AUTOMOTIVE

Transformer 35
Isuzu D-Max
 AUTOMOTIVE

SERVICE

NON
AUTOM
OTIVE

AUTOMOTIVE

36
MARKET SEGMENTATION

Leather Sofa
 MARKET SEGMENTATION

Leather Seat
 Non Automotive
Producing and distributing
Leather for Non Automotive product

Dog chew

Marubeni

Safety Shoes 39
 Service

Wet Blue Furniture Leather

Shoes Leather 40
New product
 Our Products : Protein

RAW MATERIAL

DELIVER TO RECTOR AFTER HYDROLYSATE DELIVER TO

EXTRACTOR M/C

PROTEIN 42
HYDROLYSATE EVAPORATION
 Sale Performance
IHL
and Financial
highlight

43
 Sales

Million Baht Sales

2500
2295

1991 1943
2000 1852

1596 1637

1500

982
1000
739

500
256 304 306
242

0
2014 2015 2016 1H/2017

Sales Leather and Others Services

 Product Segments

2016
[CATEGOR
Y NAME]
[VALUE]
[CATEGOR
Y NAME] [CATEGOR
[VALUE] Y NAME]
[VALUE]
1H/2017
[CATEGOR
Y NAME]s
[VALUE]
[CATEGOR
[CATEGOR Y NAME]
Y NAME] [VALUE]
[VALUE]
 Profit & Loss Statement

Unit : Million Baht

H1/2017 H1/2016 % 2016 2015 2014

Sales 981.96 995.19 -1.33% 1,943.20 2,295.10 1,851.65

Other Incomes 15.85 8.67 82.81% 14.25 111.61 10.98

Total Revenue 997.81 1,003.86 -0.60% 1,957.45 2,406.70 1,862.62

Cost of Goods Sold 758.96 801.08 -5.26% 1,550.68 1,986.80 1,502.39

Gross Profit 238.85 202.78 17.79% 406.77 419.90 360.23

Selling & Admin Expenses 71.92 63.54 13.19% 138.84 130.73 119.62

EBIT 166.92 139.24 19.88% 259.96 266.34 240.61

Interest Expenses 15.48 19.17 -19.25% 36.06 38.58 34.68

Corporate Tax 18.00 17.70 1.69% 32.63 25.98 12.23

Net Profit 133.44 102.37 30.35% 191.27 201.78 193.70

Earning Per Share (Baht) 0.27 0.21 28.57% 0.39 0.48 0.46
 Operating Results

Gross Profit EBIT

25 22.71 20
20.2 16.73
20 15 13.01 13.28
13.37 13.43 11.07
15
10
10
5 5
0 0
2014 2015 2016 1H/2017 2014 2015 2016 1H/2017

% %

Net Profit Earning Per Share

15 13.37 0.6
0.46 0.48
10.48 0.5
9.77 0.39
10 8.38 0.4
0.27
0.3
5 0.2
0.1
0 0
2014 2015 2016 1H/2017 2014 2015 2016 1H/2017

% Baht
 Financial Ratio

ROA ROE
15 19 18.09
11.07 10.24 18 17.52 17.47
8.98 9.61
10
17
15.9
16
5
15
0 14
2014 2015 2016 1H/2017 2014 2015 2016 1H/2017

% of Total Assets % of Total Equity

Debt to Equity Ratio Current Ratio

1.5 1.4 1.36 1.5 1.35
1.15 1.14
1 1 0.83 0.89 0.85

0.5 0.5

0 0
2014 2015 2016 1H/2017 2014 2015 2016 1H/2017

Times Times
 CAPACITY
IHL

49
 Process Flow

1 2 3 4
Tanning Re - Crust Finishing
Tanning

- Wet Blue Product

- Pig Skin Product

- Skive Pig Skin Product

5 - IHL4 Toyota, 7
Leather Nissan Cut part-
+ Export model
Cut part Steering
wheel
Other Product

9 10 6 - IHL4 Toyota, 8
Nissan
Safety Protein Sewing All model
Sewing-
shoes Trim Steering
Chemical
Cover wheel
 FULL CAPACITY

Tanning Wet Blue All Product New Plant

IHL10
New Plant Phase # 2 Up Cap 2019
(Unit/Year ) IHL10 =1,000,000 =3,000,000
Phase # 1
2,990,000
3,000,000 = 1,110,000

Add Machine
2,500,000 TANNING = 10 Unit UP Cap 2018 New
Customer
Cap up July = 500 2,000,000
1,000,000
Unit/day 1,990,000
2,000,000

Full Cap Full Cap

1,500,000 2017 Q4
2017 Q1-Q2
840,000 990,000 Service= Service=
840,000 1,600,000 1,600,000
1,000,000
Service=
488,079 450,000
500,000
Service=
106,719
IHL= IHL= IHL=
IHL=
381,360 390,000 390,000 390,000
0
Actual Forecast Forecast Forecast
2016 2017 2018 2019
 LAY OUT & CAPACITY
Tanning Wet Blue All Product
IHL6
Cap IHL6 2017 = 990,000 Unit/Year

Cap Phase#1 2018 = +1,100,000 Unit/Year

IHL10 Total = 2,000,000 Unit/Year
Cap Phase#2 2019 =+1,000,000 Unit/Year
New Plant New Plant Total = 3,000,000 Unit/Year
Phase # 2 Phase # 1
2019 2018
Cooling Water Plant

Packing

Warehouse
New Plant New Plant
Phase # 4 Phase # 3 IHL10
โรงอาหาร
Water Treatment Plant Plant
 FULL CAPACITY

Tanning Skive
Wet Blue All Pig Skin Product Pig Skin Product
(Unit/Year ) Full Cap 2017
=7,780,000
8,000,000
Factory No.6
7,000,000
6,000,00
6,000,000

5,000,000 4,500,000

4,000,000

3,000,000 Service Full Cap 2017 Factory No. 6

=1,900,000
Service 1,800,000
2,000,000
1,075,214
1,000,000 Service
Service
0
Actual Forecast Actual Forecast
2016 2017 2016 2017
 FULL CAPACITY

Re-tanning
All Product
(Sqf./Year )

48,000,000
Full Cap
40,000,000 2017=
33,00,000 Factory No. 6+8

32,000,000 31,300,000 PIG SKIN LINNING WWW COW

GRAIN +SPLIT
& NUBUCK 3,5000,000
free
24,000,000
13,300,000

16,000,000 15,254,400 15,000,000

8,000,000 IHL
IHL IHL
15,000,000

0
Actual Forecast Forecast
2016 2017 2018
 FULL CAPACITY

Finishing
All Product
(Unit/Year )

48,000,000 Full Cap

2017=
40,000,000 37,000,000 Factory No.2+3+7

31,100,000
32,000,000
28,182,400 27,600,000 3,5000,000 WWW COW

24,000,000 Service= Service=

Service= 12,000,000 12,000,000
12,928,000

16,000,000

IHL=
8,000,000 15,254,400 IHL= IHL=
15,600,000 15,600,000

Actual Forecast Forecast

2016 2017 2018
 FULL CAPACITY
Leather Cut part Sewing Trim Cover
IHL4+7 Toyota, Nissan All model IHL4+7 Toyota, Nissan All model
(Car Set/Year ) Full Cap (Car Set/Year )
2017
400,000 400,000

= 375,000 Factory No.4+7

350,000 350,000

300,000 300,000

250,000 240,000 250,000

238,464

200,000 200,000
Full Cap
150,000 150,000 2017
= 100,000
IHL Factory No.4+7
IHL
100,000 100,000
63,372 68,600

50,000 50,000
IHL IHL
0 0
Actual Forecast Actual Forecast
2016 2017 2016 2017
 FULL CAPACITY
Cut part-Steering Sewing-Steering
wheel IHL5 All model wheel IHL5 All model
(Set /Year )

250,000 Full Cap 2017 Factory No.5

= 210,000

200,000

150,000
Full Cap 2017
110,000 = 87,000
100,000 Factory No.5

64,000
50,000 44,810 IHL 31,306
IHL
IHL IHL
0
Actual Forecast Actual Forecast
2016 2017 2016 2017
 FULL CAPACITY
Protein Chemical
IHL9 All model
(Kg. /Year )

3,500,000 Full Cap 2017

3 shift= 3,300,000
3,000,000

2,500,000

2,000,000
Factory No.9

1,500,000 1,400,000
Full Cap 2017
1 shift= 960,000
1,000,000 720,000

IHL
500,000
247,704 IHL
0 IHL
Actual Forecast Forecast
Aug-Dec 2016 2017 2018
Thank You