OPPORTUNITY DAY 25 February 2019

Synnex Technology International Corporation (SYNNEX)

GROUP

Established in 1988

The largest in Asia Pacific

The global second

largest channel service distributor

Full-year 2018 group global revenue including joint

venture exceeded US$40 billion

Covers 39

countries/regions,

throughout 300 cities.

SYNNEX provides integrated services to supply chains of

high-tech industries, and its business territory covers Taiwan,

China, Hong Kong, Indonesia, Thailand, Vietnam, India, Australia, United States, Canada, the Middle East, and Africa

Taiwan 1975 No.1

USA 1992 No.3

HK / China 1997 No.2

Australia (New Zealand) 1998 No.1

Thailand 1999 No.1

India 2005 No.1

Middle East / Africa 2005 No.1

Turkey 2010 No.1

Japan 1992 No.3

Indonesia 1992 No.1

Operating History& Current Position

PERFORMANCE

16

52

10

5

14

2

20

8

391

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

,00

0

11

,48

9

13

,42

7

15

,60

0

20,2

38

20,5

76

18

,75

7

19

,09

2

21,5

14

23

,82

3 3

2,4

26

38

,19

6

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

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

Unit: Million Baht

38,196 MB

1,618 MB

Sales

Revenue

Gross

Profit

721 MB

Net

Profit

Total Revenue 1990 – 2018 Milestone

Growth (YoY)

+17.79% + 5,770 MB

Growth (YoY)

+12.75% + 183 MB

Growth (YoY)

+15.65% + 98 MB

FY18 Financial Highlights Unit: Million Baht

2017 2018 %YoY

Total Revenue 32,426 38,196 17.79%

COGS 30,991 36,578 18.03%

Gross Profit 1,435 1,618 12.75%

%GP 4.43% 4.24% -0.19%

Other Income 57 57 0.11%

Operating Expenses 809 871 7.66%

%OPEX 2.49% 2.28% -0.21%

EBIT 683 804 17.72%

%EBIT 2.11% 2.11% 0.00%

EBT 627 748 19.42%

Tax -145 -172 19.13%

Normal Profit 482 576 19.51%

Share of profit from investment in associates 16 14 -7.94%

FX gain (loss) 126 131 3.83%

Net Profit 624 721 15.65%

%NP 1.92% 1.89% -0.03%

EPS 0.81 0.94

Total Debt & D/E ROA & ROE

Financial Ratio – 2018 Unit : Million Baht

3,517 3,170

5,095 6,235

8,616

1.66

1.37

2.05 2.25

2.79

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

2014 2015 2016 2017 2018

Total Debt D/E

5,647 5,486

7,578 9,008

11,701

8.70%

16.15% 16.96%

23.73% 24.63%

4.79%

8.55% 7.77% 9.95% 9.17%

-19.00%

-14.00%

-9.00%

-4.00%

1.00%

6.00%

11.00%

16.00%

21.00%

26.00%

1,000

3,000

5,000

7,000

9,000

11,000

13,000

2014 2015 2016 2017 2018

Total Assets ROE ROA

Note: Y2018 D/E without Huawei = 2.53

2,472 2,848 3,025 4,117

4,859

6,448

49 50 50 55 48 49

1

11

21

31

41

51

2013 2014 2015 2016 2017 2018 -200

800

1,800

2,800

3,800

4,800

5,800

6,800

7,800

AR AR Days

1,908 1,402 1,277

2,018 1,649

3,037

31 30

24 26

19

24

0

5

10

15

20

25

30

35

2013 2014 2015 2016 2017 2018

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

AP AP Days

1,360 1,948

1,539 2,092

2,546

3,498

30 33 31

29 27

30

0

5

10

15

20

25

30

35

2013 2014 2015 2016 2017 2018

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Inventory Inventory Days

49 50 50 55

48 49

31 30 24 26

19 24

30 33 31 29 27

30

48 53

57 58 56 55

0

10

20

30

40

50

60

70

2013 2014 2015 2016 2017 2018

Average Collection Period (Day)

Average Payment Period (Day)

Average Age of Inventory (Day)

Cash Cycle (Day)

Financial Ratio & Cash Cycle – 2018 Unit : Million Baht

HIGH EFFICIENCY

OPERATION

18,757 19,092 21,515 23,823

32,637 38,420

105 105 105

107 107 107

100

101

102

103

104

105

106

107

108

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Y2013 Y2014 Y2015 Y2016 Y2017 Y2018

Sale Revenue Logistic Head count

Logistic Head Count vs Revenue

High

Efficiency

People &

Systems

Unit : Million Baht

Justify High Volume Sales Activities Per Day

Activities Per Day

Jul’18 Aug’18 Sep’18 Oct’18 Nov’18 Dec’18

Average

Sales

123

MB

138

MB

146

MB

130

MB

161

MB

165

MB

Average Number

of Invoices 1,750 1,879 1,716 1,289 1,490 1,478

Working

Day 22 23 21 22 23 20

Sales Activities in the Last Day of Month

Activities Last Day of the Month

31 Jul’18 31 Aug’18 28 Sep’18 31 Oct’18 30 Nov’18 26 Dec’18

Total Sales Amount 425

MB

332

MB

407

MB

464

MB

261

MB

223

MB

Number of Invoices 3,022 2,173 2,322 1,774 1,822 1,831

Number of Unit Sold 298,606 194,743 255,048 197,117 188,085 107,179

Last Picking Time 23:37 22:55 22:02 0:18 21:40 22:48

Logistics & Service Net Cost per

Sale Revenue 2007–2018 Unit : Million Baht

11,000 11,489 13,427 15,600 20,283 20,576 18,757 19,092 21,515 23,823 32,637 38,420

1.18% 1.14%

0.84%

0.76% 0.72%

0.67% 0.67% 0.64%

0.60% 0.58%

0.48% 0.51%

0.43% 0.43% 0.41% 0.38%

0.28% 0.26% 0.21%

0.25% 0.26% 0.20% 0.18% 0.16%

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

Y07 Y08 Y09 Y10 Y11 Y12 Y13 Y14 Y15 Y16 Y17 Y18

Sale Revenue Logistics net cost/revenue Service net cost / revenue

2014 2015 2016 2017 11M

2018

Warehouse 0.63% 0.60% 0.58% 0.46% 0.51%

Dispatch

Service 0.25% 0.26% 0.20% 0.17% 0.16%

Net Logistics

Cost 0.88% 0.86% 0.78% 0.63% 0.67%

Low Net Logistics Cost

per Revenue

WE CARE

TECHNOLOGY UPDATE

Mobile

Subscriptions

Internet

Users

Active Social

Media Users

Mobile Social

Media Users

92.33 Million

vs. Population

133%

57.00 Million

Penetration:

82%

51.00 Million

Penetration:

74%

49.00 Million

Penetration:

71%

Average Daily Time

Spent Using Internet

Via Any Device

9H 11M

Total Population 69.24 Million | Urbanization: 50%

HOW THAI PEOPLE USE THE INTERNET,

MOBILE DEVICE, AND SOCIAL MEDIA

Source: We Are Social and Hootsuite, Digital Report Jan 2019

5:13

3:19 3:00 2:58

2:24 2:09

1:25

3:14

0:00

1:12

2:24

3:36

4:48

6:00

Thailand China Hong Kong Singapore USA U.K Japan Worldwide

SOURCE: Globalwebindex [Q2 & Q3 2018]. Figures represent the findings of a broad survey of internet users aged 16-64.

AVERAGE AMOUNT OF TIME

PER DAY SPENT USING

MOBILE INTERNET

THAILAND SPENDS

LONGEST HOURS

ONLINE IN THE WORLD.

S Model

1H2019

P Series

Galaxy Note

Nova Series

Mate Series

Timeline: New Mobile Phone Product Launch

2H2019

C5 Plus

C7A

C7 Lite

S10

The World's First Rollable OLED TV

Source: Global Gaming Report, Newzoo

GAMING & E-SPORTS IN

THAILAND 2018

TOTAL

GAME REVENUE

RANK IN GAMING

REVENUES

WORLDWIDE

฿20 BN

E-SPORTS

AUDIENCE NO.20

Average Yearly Growth

(2017-2025):

+15%

2.6M 28M

TOTAL

GAMERS

Digital

Sky Digital

Crowded Area Digital

Transportation Digital

Community Digital

Manufacturing

• Flight WiFi

• Drone Logistics

• Drone Surveillance • Drone Aid

• VR Live Stadium

• 360 Concert

• AR Live Museum • Crowd Management

• Tele-Operated Driving

• Autonomous Bus

• Autonomous Car • Fleet Management

• Home Broadband

• Public WiFi

• 4K IPTV • VR Entertainment

• Digital Oil Field

• Smart Grid

• Robotics • Remote Control

Connected Car

Service Drone Cloud VR

Fixed Wireless Access Internet of Things

Worldwide Public Cloud Service

Revenue Forecast (in $B)

Cloud

42.2 46.6 50.3 54.1 58.1

11.9 15.2 18.8 23.0 27.7 58.8

72.2 85.1

98.9 113.1

8.7

10.7

12.5

14.4

16.3

23.6

31.0

39.5

49.9

63.0

145.3

175.8

206.2

240.3

278.3

0

50

100

150

200

250

300

0

50

100

150

200

250

300

2017 2018 2019 2020 2021

Cloud System Infrastructure Services (IaaS)

Cloud Management & Security Services

Cloud Application Services (SaaS)

Cloud Application Infrastructure Services (PaaS)

Cloud Business Process Services (BPaaS)

.

The Worldwide Public Cloud Services Market is projected to grow

by 17.3% in 2019 to total $206.2B.

Source: Gartner (September 2018)

3.8 4.7 5.9 7.0 8.3 9.9

11.6 13.5

15.8 18.5

21.5

10.1 10.3

10.6 10.8

11.1

11.3

11.6

11.9

12.1

12.4

12.7

13.9 15.0

16.4 17.8

19.4

21.2

23.2

25.4

27.9

30.9

34.2

0

5

10

15

20

25

30

35

40

0

5

10

15

20

25

30

35

40

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Non-IoT

IoT

.

Note: Non-IoT includes all mobile phones, tablets, PCs, laptops, and fixed line phone.

IoT includes all consumer and B2B devices connected.

Source: IoT Analytics Research 2018

110 151

1,567

0

200

400

600

800

1000

1200

1400

1600

1800

2017 2018 2019 2020 2021 2022 2023 2024 2025

Note: Market defined as total spend of end-users on IoT

Solutions

Source: IoT Analytics Research 2018

CAGR

39%

Total Number of Active Device

Connections Worldwide (in Bn) Global IoT Market

Forecast (in $B)

10%

IoT

The number of connected devices that are in

use worldwide now exceeds 17 billion

The total market will reach

$1,567B by 2025

Worldwide Spending on

Security Solutions Forecast (in $B)

82.1 92.1

133.7

0

20

40

60

80

100

120

140

160

2017 2018 2019 2020 2021 2022

Note: Worldwide Spending on Security-related Hardware, Software, and Services

Source: Worldwide Semiannual Security Spending Guide from International Data Corporation (IDC), 2017H2

Security Solutions

CAGR

10%

Security spending in 2022 will be 45% greater than

the $92.1 billion forecast for 2018.

SAFE CITY

SOLUTION

Gaming

Security

IoT

Vertical

Industrial

Grade

Device

Consumer

Commercial

VALUE ADDED

IT DISTRIBUTOR

Cloud

Service

Gaming

Gaming

Security

IoT

Vertical

Industrial

Grade

Device

Consumer

Commercial

VALUE ADDED

IT DISTRIBUTOR

Cloud

Service

https://synnex.cloud/

Gaming

Security

IoT

Vertical

Industrial

Grade

Device

Consumer

Commercial

VALUE ADDED

IT DISTRIBUTOR

Cloud

Service

Smart

Forest

Smart

Kiosk Smart

Building

Smart

Home

Smart

Classroom

IoT Site Reference

Face Recognition

@ Synnex Family Day 2019

DAHUA & SEAGATE

Technology Update Date: 28 Jan 2019

Venue: Synnex HQ

Date: 15 Nov 2018

Venue: DusitD2 Chiang Mai

Date: 23 Jan 2019

Venue: Hat Yai

SMEs Solution

Upcoming Event

Date: MAR 19-20

Venue: Pitsanulok

MEET PERFECTION OF

SOLUTIONS by

CISCO

Solution IoT Solution &

Innovation

Summit

and much more!

Commercial

Seminar

Gaming

Security

IoT

Vertical

Industrial

Grade

Device

Consumer

Commercial

VALUE ADDED

IT DISTRIBUTOR

Cloud

Service

Wireless Security

Firewall

synnexthailand

@synnexthailand

www.synnex.co.th

Synnex Care

1251

Our New Brands Y2019

SERVICE

WE CARE

Financial Service Total Service Solution Logistics Service E-Commerce

Service Centers 1 1

Service

Centers 1 1

58

Strategic Regional

Expansion Plan in CLM

Official Website http://www.synnex.co.th

E-Commerce Dealer Portal

Mobile Application Synnex TH

Broadest Service Centers & Distribution Network

INDOCHINA

Operation

Excellence

2018 Average Units Sold

Daily : 77,000 Units

Monthly : 1.7 Million Units

Yearly : 19 Million Units

“Shipping within half day in BKK and

shipping within next day in Upcountry”

PARTNER CONNECT 2019

30 Brand

Booths

THE CONNECTION

Venue:

AVANI Riverside

Bangkok Hotel

Dealer & Vendor:

450 Persons

6 Solutions

Booths

1-2 April 2019

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

required by laws and other reserves.

0.21

0.3

0.4

0.56 0.53

0.29 0.24

0.46 0.53

0.81

0.94

0.12

0.22 0.25 0.27 0.32

0.15 0.13

0.3 0.36

0.53 0.64

57%

73%

63%

48%

60%

52% 54%

65% 68% 66%

68%

-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

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

EPS DPS Dividend Payout

Dividends and Share Information

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

0.94 68%

Note: It depends on BoD Meeting resolution.

Thank You Synnex (Thailand) Public Company Limited Head Office

433 Sukhonthasawat Road, Lat Phrao, Bangkok 10230

+66(0) 2553 8888

http://www.synnex.co.th

Fax: +66(0) 2578 818