Delta Electronics (Thailand) PCL.Q1’20 Press Announcement

April 29, 2020

Delta Confidential

Business Outlook

2

Delta Confidential

Business OutlookMarket outlook1. DES’s Automotive revenue in Q1’20 had strong growth compared to Q4’19. However global COVID-19 pandemic

impacted the market with automotive customers stopping production from mid March which impacted deliveries.Despite short-term impact, design projects are ongoing as scheduled and will contribute to long term growth.

2. DET’s Industrial Automation business in SEA had lower Q1’20 revenue compared with Q4’19 the same period last year.3. Delta India had lower Q1’20 revenue compared with Q4’ 19.4. Overall DET revenue was negatively impacted in Q1’20 due to supply and material shortage from China-based

suppliers affected by COVID-19 and restrictions on travel and movement of goods in the region.

Operations1. Thailand had stable production in Q1’20 despite COVID-19 impact in the first 2 months, with main contributions high-

end data center, server power system and power tools business. Minor setback in sales of house hold uses networkingdevices.

2. Delta won the S&P Global SAM Silver Class Sustainability Award 2020.3. Delta certified in the Thai Private Sector Collective Action against Corruption (CAC).

3

Delta Confidential

RecognitionS&P Global SAM Silver Class Sustainability Award 2020

4

January 31, 2020

Delta Thailand won the S&P Global SAM Silver

Class Sustainability Award 2020.

Delta is the only Thai company in the Sustainability

Yearbook 2020 “Electronic Equipment, Instruments

& Components” sector.

This year’s recognition comes after Delta

Thailand’s 2018 RobecoSAM Bronze Class Award.

Delta Confidential

RecognitionThai Private Sector Collective Action against Corruption (CAC)

5

March 23, 2020

Delta certified in the Thai Private Sector

Collective Action against Corruption (CAC).

Delta is one of the 433 companies certified for

excellent business integrity and acceptable

corporate conduct for all stakeholders.

Delta Confidential

Financial Highlights

6

Delta Confidential

Q1’20 Financial Highlights – 1

7

Sales Revenues THB, Billion QOQ

Q1’20 total was THB 12.68 billion dropped 2.1% when compared with Q1’19.

Power & Systems / Fan & Thermal Management including Indiaregion business slow down Q1'19 Q2'19 Q3'19 Q4'19 Q1'20

12.9513.92

12.40 11.9012.68

Chart1

Q1'19

Q2'19

Q3'19

Q4'19

Q1'20

Revenue

12.949

13.915

12.404

11.9

12.68

Sheet1

Q1'19Q2'19Q3'19Q4'19Q1'20

Revenue12.9513.9212.4011.9012.68

Delta Confidential 8

Gross Profit

Q1’20 Financial Highlights – 2THB, Billion QOQ

Q1’20 total was THB 2.59 billion (20.4% of revenue), dropped 13.2% when compared with Q1’19.

Product mix differentiation ( lower revenue in Power & System)

2.98 2.772.37 2.35 2.59

23.0% 19.9% 19.1% 19.8% 20.4%

Q1'19 Q2'19 Q3'19 Q4'19 Q1'20

Chart1

Q1'19Q1'19

Q2'19Q2'19

Q3'19Q3'19

Q4'19Q4'19

Q1'20Q1'20

Gross Profit

%

2.978

0.23

2.772

0.199

2.373

0.191

2.35

0.198

2.586

0.204

Sheet1

Q1'19Q2'19Q3'19Q4'19Q1'20

Gross Profit2.982.772.3732.352.586

%0.230.1990.1910.1980.204

Delta Confidential 9

Operating Profit

Q1’20 Financial Highlights – 3THB, Billion QOQ

Q1’20 total was THB 0. 55 billion ( 4.3% of revenue ), dropped 43.8% whencompared with Q1’19.

Power & Systems business slow down in Q3’19-Q4’19

0.98

0.660.41

0.2630.557.6%

4.7% 3.3% 2.2% 4.3%

Q1'19 Q2'19 Q3'19 Q4'19 Q1'20

Chart1

Q1'19Q1'19

Q2'19Q2'19

Q3'19Q3'19

Q4'19Q4'19

Q1'20Q1'20

Operating Profit

%

0.55

0.979

0.076

0.658

0.047

0.41

0.033

0.263

0.022

0.55

0.043

Sheet1

Q1'19Q2'19Q3'19Q4'19Q1'20

Operating Profit0.980.660.410.2630.55

%0.0760.0470.0330.0220.043

Delta Confidential 10

Net Profit

Q1’20 Financial Highlights – 4THB, Billion QOQ

Q1’20 total was THB 0.86 billion ( 6.8% of revenue ), dropped 20.9% when compared with Q1’19.

Net interest income THB 42 million Foreign Exchange gain THB 218 million

1.080.87

0.620.38

0.86

8.4% 6.2% 5.0% 3.2%6.8%

Q1'19 Q2'19 Q3'19 Q4'19 Q1'20

Chart1

Q1'19Q1'19

Q2'19Q2'19

Q3'19Q3'19

Q4'19Q4'19

Q1'20Q1'20

Net income after tax

%

1.083

0.084

0.868

0.062

0.618

0.05

0.383

0.032

0.857

0.068

Sheet1

Q1'19Q2'19Q3'19Q4'19Q1'20

Net income after tax1.0830.8680.620.380.86

%0.0840.0620.050.030.07

Delta Confidential

Consolidated Balance Sheets

11

Unit : THB Million

31-Dec-19 31-Mar-20 31-Dec-19 31-Mar-20

Cash and Cash equivalent & Short term Invest 12,394 11,770 Accounts payable 10,151 12,120

Current Investment 2 865 Dividend Payable 0 2,245

Accounts receivable , net 9,739 11,162 Other Cur. Liability 688 863

Inventory 8,963 9,719 Non-Cur Liability 2,114 2,324

Other Cur .Assets 1,281 1,430 Total liabilities 12,952 17,551

Fixed assets 11,601 12,506 Total Equities 33,006 32,270

Other assets 1,979 2,369

Total assets 45,958 49,821 Total liabilities and Shareholder’s equity 45,958 49,821

PresenterPresentation NotesBalance Sheets – BOD material presentation

Delta Confidential 12Quick ratio: Cash +Investment +AR / Currency Liability

2020 Key Financial ratio

Item Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q1’20

Revenue THB,B 32.85 27.00 35.73 38.43 40.78 41.20 44.12 46.94 46.89 49.27 53.07 51.17 12.68

GP % 24.3% 26.2% 26.7% 23.5% 26.5% 26.3% 26.8% 27.3% 26.5% 25.5% 22.8% 20.5% 20.4%

OP % 9.2% 9.1% 11.2% 6.7% 10.3% 11.5% 12.4% 13.2% 10.9% 11.3% 8.9% 4.5% 4.3%

NP % 8.6% 8.1% 11.7% 7.5% 10.7% 13.1% 13.5% 14.3% 11.8% 10.0% 9.7% 5.8% 6.8%

EPS Baht 2.32 1.76 3.33 2.30 3.49 4.34 4.78 5.38 4.42 3.95 4.12 2.37 0.69

ROE % 17.2% 12.4% 21.7% 14.4% 19.3% 21.4% 21.6% 22.0% 17.3% 15.2% 15.1% 8.9% 10.4%

D/E ratio Times 0.60 0.53 0.53 0.51 0.47 0.46 0.41 0.43 0.45 0.42 0.42 0.39 0.54

Quick ratio Times 1.73 1.97 1.67 1.84 2.12 2.25 2.80 2.71 2.48 2.37 2.22 2.04 1.56

PresenterPresentation Notes23,797/14,365=1.7

To learn more about Delta, please visit www.deltathailand.comor scan the QR code

Smarter. Greener. Together.

Our Website Our Sustainability Development

Report

Our Annual Report

Slide Number 1Slide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Consolidated Balance Sheets�2020 Key Financial ratio Slide Number 13