Investor Presentaiton

Well Managed Working Capital Cycle Average Inventory Turnover Days(1) 145.0 Average Trade and Bills Receivables Turnover Days(2) T Average Trade and Bills Payables Turnover Days(3) I I I I 110.0 2010 I I I I I I 40.0 I 2009 2010 76.0 2009 (1) Calculated as average inventory divided by cost of sales and multiplied by 365 days (2) Calculated as average trade and bills receivables divided by revenue and multiplied by 365 days (3) Calculated as average trade and bills payables divided by cost of sales and multiplied by 365 days 48.0 46.0 2010 2009 13

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