Superalloy Industrial Co., Ltd. · TWSE:1563
Superalloy Industrial — Investor Presentation (October 2024)
29 slides from Superalloy Industrial's investor presentation, October 2024
Slide 1: SuperAlloy Industrial Co. (1563 TT) Investor Presentation
SuperAlloy Industrial Co. (1563 TT) Investor Presentation Forging the of Mobility
Slide 2: Disclaimers
Disclaimers The information contained in this confidential document ("Presentation") has been prepared by SuperAlloy Industrial Company Ltd. (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained herein has
Slide 3: SAI Is The Proxy For The Growth Of Luxury Cars
SAI Is The Proxy For The Growth Of Luxury Cars We target to achieve sustainable return from our green investment ● With 30 years of forging, shaping and surface treatment expertise, SAI stands as the world's top one aluminum forged wheel supplier for luxury automotive brands like Rolls Royce, Ferrar
Slide 4: SAI is the third-largest Tier-1 machining company in Taiwan's automotive sector
SAI is the third-largest Tier-1 machining company in Taiwan's automotive sector by market value SAI’s Three-Step Approach to Maximizing Sustainable Profits and Shareholder Returns 01 02 03 Enhance Operational Efficiency Reinforce the and Profitability Leading Position in Sustainable the Global 2-1 2
Slide 5: Strengthen Industry Leadership
01 Strengthen Industry Leadership 5
Slide 6: Tier-One Supplier For Top Global Brands
Tier-One Supplier For Top Global Brands SAI is the world’s top 1 aluminum forged wheel maker for Super and Luxury cars. We will continue to develop various projects to enhance customer penetration rate. Top 5 Clients: Lexus(Toyota) 、JLR、 Porsche 、 BMW and Mercedes-Benz 2001 2004 2006 2007 2008 2009
Slide 7: SAI and Luxury Brands Outgrew The Global Market
SAI and Luxury Brands Outgrew The Global Market ● During 2018-23, luxury and premium car shipment has outgrown global automotive market. ● Our high-end forged wheels business will continue to grow with global luxury and premium cars. 2018 2019 2020 2021 2022 2023 2018-23 CAGR Global Cars Shipment (m
Slide 8: The High-Entry Barrier of Automotive Supply Chain
The High-Entry Barrier of Automotive Supply Chain Strict Certification Is The Foundation of Strong Partnership With Clients Stage 1 Stage 2 Stage 3 Stage 4 Client Certification Receiving Orders Client Qualification and Approval Production and Delivery 2-4 years 9-18 months 7-13 months 6-9 months 驗證
Slide 9: Made in Taiwan For the Global Market
Made in Taiwan For the Global Market The clientele for Super/Luxury and Premium cars spans across regions such as Europe, the Americas, and Japan. Global footprint and revenue distribution 3Douliu Production Sites Pingtung P1 Germany Forging Birmingham, UK Rotterdam, NL Düsseldorfer, DE Machining Lo
Slide 10: The Forged Wheels Continue to Drive Upward Sales For Global Car Brands
The Forged Wheels Continue to Drive Upward Sales For Global Car Brands Forged wheel performs better than cast wheel, highlighting the status and taste of the car owner. Forged Wheel Indicator Cast Wheel Strength Durability Elongation Impact Resistance Fuel Economic Unsprung Weight Vehicle Handling P
Slide 11: SAI Supplies 36 EV Models with 61 in progress
SAI Supplies 36 EV Models (11 BEV : 25 PHEV) with 61 in progress Aluminum forged wheels can simultaneously meet the high torque acceleration, lightweight, handling and safety requirements of electric vehicles Porsche Macan EV 3x model (2023-now) Porsche Taycan 2x model (2019-now) Jaguar I-Pace (2018
Slide 12: Spectre ─ Rolls Royce's First EV
Spectre ─ Rolls Royce’s First EV Joining hands with SAI to pioneer a new category of automobiles: Ultra-Luxury Electric Super Coupé 12
Slide 13: Increasing Efficiency & Profitability
02 Increasing Efficiency & Profitability 13
Slide 14: SAI Aims to Deliver Sustainable Long-term Shareholders Returns
SAI Aims to Deliver Sustainable Long-term Shareholders Returns through the Enhancement of Operational Efficiency and Profitability Long-term operational goals : 15-20% Operating Margin Double-Digit ROE Source: TEJ 14
Slide 15: 2-1 Improve Operational Efficiency through Expanding Net Shape Forged Wheels
2-1 Improve Operational Efficiency through Expanding Net Shape Forged Wheels Advantages of Net Shape Forged Wheels ◆ Our Net Shape Forged Wheels utilize precision forging to shorten post-forging processes, simplify the production process, which leading to less production time and lower cost. It is s
Slide 16: More Net Shape Forged Wheel Projects Are Coming
More Net Shape Forged Wheel Projects Are Coming 14 net shape forged wheels are in mass production. 71 are under development. Charger, Challenger, Durango SRT series 10 wheels are in mass production、 1 wheel is under development 2021MY M3 M4 Competition 4 wheels are in mass production 2024MY Macan an
Slide 17: 2-2 Increase Profitability by Using Recycled Aluminum
2-2 Increase Profitability by Using Recycled Aluminum Achieve diversification of supply sources, reduce inventory and cost Forgin Machinin Polishin Paintin g Ton Forging 7,000 gTurning & Milling Diamond-Cutting g& Auto Manual gManual & Auto Painting Flow Forming Grinding Dot Marking Powder & Liquid
Slide 18: We Help Automakers Accelerate Their Carbon Neutrality Goals
We Help Automakers Accelerate Their Carbon Neutrality Goals The use of recycle aluminum can reduce emissions by up to 95% compared to primary aluminum Year of Caron • Automakers apply more recycled aluminum Automakers Neutrality 2030 Porsche, Bentley BMW requires suppliers to use more than 50% of re
Slide 19: Moving Into Green
MOVING Green Milestone • The yield rate of RESAICAL® recycled aluminum increased from 69% in 2020 to 97% in 2023. • Our current recycled aluminum annual capacity is 40k tons. Usage of rate of RESAICAL® INTO recycled aluminum in forged wheels reached 40% in 2024, with an expected increase to 50% in 2
Slide 20: Promoting diverse aluminum applications to boost long-term profitability
Promoting diverse aluminum applications to boost long-term profitability With aluminum's lightweight, strength, and corrosion resistance, SAI aims to raise non-passenger vehicle aluminum wheel revenue from 15% to over 40% in three years Semiconductor Mobility Heavy electrical Others equipment (Elect
Slide 21: Sustainability
03 Sustainability 21
Slide 22: Independent Directors Reached 40% of Board Seats; Two Female Directors
Independent Directors Reached 40% of Board Seats; Two Female Directors In The Board Diverse board members to continuously optimize operation and corporate governance Independent directors Cheng, Ming-Siou Liou, Wan-Yu Cheng, Ting-Wang Chen, Wun-Zong Specialty: Carbon Specialty: Specialty: Law Specia
Slide 23: Sustainable Operation and Growth
Sustainable Operation and Growth Profitability Improvement and Sustainable Sustainable Revenue Growth • Generating a sustainable double-digit Return ROE • Maintain at least 50% payout ratio Listed on TWSE on May 13th TW No.3 Machining Tier-1 supplier Profitability • Optimize operational efficiency I
Slide 24: Guidance
Guidance ● Expected Double-Digit Revenue Growth in 2025: Due to global economic conditions and a slowdown in the Chinese auto market, SAI anticipates a low single-digit revenue decline in 2024. However, in 2025, increased demand from key customers and for recycled aluminum and non-passenger vehicle
Slide 25: Q&A
Q&A 25
Slide 26: Appendix
Appendix 26
Slide 27: 2Q24 Income Statement
2Q24 Income Statement YoY (%) NT$mn 2020 2021 2022 2023 1H24 2021 2022 2023 1H24 Revenue 5,442 7,488 6,402 7,779 3,828 -14.5 11.2 21.5 3.0 Gross Profit 992 1,922 1,213 1,734 1,026 -36.9 25.2 43.0 28.3 Operating Expenses -611 -1,326 -1,094 -980 -496 -17.5 -20.9 -10.4 2.3 Operating Profit 381 596 119
Slide 28: 2Q24 Balance Sheet
2Q24 Balance Sheet YoY (%) NT$mn 2020 2021 2022 2023 1H24 2021 2022 2023 1H24 Total Assets 16,820 16,444 17,562 17,376 17,388 -2.2 6.8 -1.1 -1.5 Cash 771 1,135 878 1,237 1,994 47.2 -22.6 40.9 87.8 AR & NR 795 875 827 1,021 1,044 10.1 -5.4 23.4 4.3 Inventories 5,072 4,972 6,413 6,241 5,736 -2.0 29.0
Slide 29: Key Financial Performance
Key Financial Performance Source: TEJ 29
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