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Product profile of STROBAI & STROBAI+ Manufacturer - JW Industrial Year History 2017 Launching Fuel additive for Motorbike & Car in Vietnam 2013 Launching Premium detergent for car wash ‘SIMONIZ’ in Korea 2012 2010 2003 2001 Launching New formula fuel additive ‘SUPER REDEX’ Launching fuel moisture scavenger ‘REDEX WATERHUNTER’ Launching air cleaner ‘AIR-100 Premium’ Exclusive sales contract for Autolight Sparkplug and Preston antifreeze Nominated by Car maintenance union as an exclusive distributor for antifreeze products Launching fuel additive ‘ENPARK’ Take over Korea Eco-Chemical company 1995 Establish research institute in JW Industrial (Approved by the Ministry of Science-Technology) 1994 Sales reached 10 billion Won 1993 Sales reached 10 million bottles of ‘REDEX’ (Fuel additive) 1990 Exclusive sales contract with QI in USA 1989 Obtain Q Mark designating as a Quality assured manufacturer 1988 Launching fuel additive ‘REDEX’ Establish JW Industrial corporation 1987 Exclusive sales contract with HOLTS LLOYD INTERNATIONAL in UK 1986 Establish special operation division in JW Pharmaceutical (Car appliances) 2 Market in Vietnam STROBAI competitors – for Motorbikes By looking at competitors’ stagnation sales, seems like the market is not active Company JWHV Yamalube SUN’SOIL FUEL+ SUN’SOIL MOTO 4 Manufacturer JW Industrial Chevron product Co., Sun Siam Co., Thailand Sun Siam Co., Thailand Yamaha NK & PP Phuong Hoang Huynh Gia January, 2013 September, 2013 September, 2013 - Dealership: 700 stores (Yamaha store) - 16 stores - Online Distributor Launch Year 2017(will be launched) No. of stores - TBD Price 50,000 VND / 40ml 50,000 VND / 75ml (if 40ml, 26,667 VND) 50,000 VND / 50ml (if 40ml, 40,000 VND) 50,000 VND / 40ml Key Message Engine Protector Carbon cleaner Advanced Fuel Treatment Advanced Engine Treatment Selling Message For the life of your engine Clean up inside of engine recover original engine performance SAVE, POWER, PROTECT for diesel & gasoline SAVE, POWER, PROTECT for motorcycles Promotional Activities - Ecofriendly campaign - Incentive program - Social Network (FB) - Product Website - Product Website - Discount or gift free - Product Website - Discount or gift free Online Market only 3 Market in Vietnam STROBAI+ competitors – for Cars Competitors are mainly foreign companies actively conducting sales promotion activities. Company JWHV Sun’sOil 3M Liqui Moly Manufacturer JW Industrial Sun Siam Co., TH 3M Liqui Moly, VN NK & PP Phuong Hoang Phuoc khang Đông Hòa September, 2013 2005 2014 - 38 stores (35 in HCMC, 2 in HN, 1 In Da Nang) Distributor Launch Year 2017(will be launched) No. of stores - TBD - 16 stores - Online - Over 500 of Retail shops, Car washshops, Car care center, Gara, etc. Price 199,000 VND / 350ml 165,000 VND / 250ml (if 350ml, 231,000VND) 199,000 VND / 473 ml (if 350ml, 147,252 VND) 155,500 VND / 300ml (if 350ml, 181,417 VND) Key Message Engine Protector FUEL Injection FUEL SYSTEM CLEANER Injection Cleaner Selling Message For the life of your engine For performance, safety and the life of your vehicle, make sure a Fuel system Tune-up is a part of your normal maintenance schedule. A tank additive that cleans fuel injectors, intake valves, and combustion chambers. Improves fuel economy and power. Removes carbon, gums, resins and varnish. For gasoline engines only. For cleaner combustion and lower fuel consumption Promotional Activities - Ecofriendly campaign - Incentive program - Discount or gift free - Sponsorship adv - Product Website - Sponsorship adv - Product Website - Sponsorship adv - Product Website - Calendar & Magazine 4 Product Strategy Product Feature Product Feature Developed self-mixture with JW’s own brand Composition : Unit: % 방향족화합물/중질 – 세척제 방향족화합물/경질 – 세척제 용제 - 세척제 엔진성능향상, 배기가스 감소, 연비개선 JW Fuel additive 40 30 HOLTS社 O O 트라이메틸벤젠 – 옥탄 노킹현상 방지 20 10 O Quantity : STROBAI – 40mL / STROBAI+ – 350mL - One bottle per every 3,000km drive (expected to be 1~2 times/year) Effectiveness : 21% of clearance rate in combustion chamber, 98% of clearance rate in inhalation valve, 89.6% of preventing rate of fuel loss, 25.9% of decreasing rate of exhaust gas Raw materials from UK Company ‘Holts’ Manufactured in Korea, ‘JW Industrial’ Pharmaceutical Company Product -> Eco-friendly image (Green color) Certified by Quatest 3, which is the quality test conducted by the Vietnam government Product efficiency test by SGS Vietnam (Viscosity, flash point, pouring speed, etc.) Convenient to sell by having smaller units packaging (STROBAI - 8 ea / STROBAI+ - 12 ea per box) Usable for both 4-wheels vehicle and motorbikes (gasoline additive) 5 Product Feature & Benefit REDEX® sales exceeded 170 million bottles in Korea! REDEX® was introduced first in England in 1922, and has impressive and fascinating history. REDEX® was added to the aircraft’s oil tank to keep fast and stable engine during World War II. Those aircrafts were marked with red X signs to give trust to pilots. This REDEX® landed in 1988 and achieved the 1st oil additive products in South Korea. REDEX = STROBAI ※ Test data is based on the global engine testing institution, RICARDO-BICERI(UK), EG&G(USA) and ISP-AMT(Germany). Be clean 1 95 years of history 2 Sales of 170 million bottles STROBAI is safe & useful - 21% of combustion chamber - 98% of inhalation valve clearance 3 Raw material from UK S T R O B A I Be economical - 89.6% of fuel loss reduction Be eco-friendly - 25.9% of carbon emission reduction Be strong Extension of engine’s life span 6 Product Feature & Benefit Key Message Clean engine & inhalation valve Reduce fuel loss Reduce exhaust gas Engine protector Reference 1. 21% of clearance rate in combustion chamber → Too low volatility creates deposits, by improving an octane number STROBAI prevents deposits creation in combustion chamber 2. 98% of clearance rate in inhalation valve → Too low volatility creates deposits 3. 89.6% of preventing rate of fuel loss → By shortening ignition time(time taken from fuel injection to combustion) STROBAI reduce fuel injection loss 4. 25.9% of decreasing rate of exhaust gas → Too high volatility increase exhaust gas, by improving fuel to contact with air STROBAI decrease exhaust gas production ※ Test data is based on the global engine testing institution, RICARDO-BICERI(UK), EG&G(USA) and ISP-AMT(Germany). 1) 2) 3) 4) 5) Additives to have key role in new gasoline era ; oil & gas journal (1991, Feb, 11) ETHYL News Paper (FRL-5259-S) ; Environmental Protection Agency ATC-Document 52 ; Fuel additives and the environment (1994) S.A.E Paper 922259 ; The impact of intake valve deposit on exhaust emission And others 7 8 9