Univacco Technology Inc. · TPEX:3303
Univacco Technology — H1 2022 Earnings Presentation
33 slides from Univacco Technology's earnings presentation, Sep 6, 2022
Slide 1: Univacco Half Year Operation Review 2022
3303.TWO Univacco Half Year Operation Review 2022 6 September 2022 www.univacco.com
Slide 2: Outline
Outline • About Univacco • Finance Review • Sustainability and Corporate Governance • Q3 2022 Outlook 商業簡報網 X Matter Lab 2
Slide 3: About Univacco
About Univacco A worldwide leading stamping foil manufacturer 2021 consolidated revenue was NTD 2,848m, up 20% on the prior period 4000 customers in 70 countries worldwide Won the Taiwan Excellence Award for 5 consecutive years
Slide 4: Univacco Group
Univacco Group Established 1990 (Listed in 2007) Main Products Vacuum Coating Foils (VC) / Optical films (OP) More than 30-year coating & vacuum Group Employees 660 * metallizing expertise. Paid-up Capital NTD 941 million * * As of June 30, 2022 Group Revenue NTD 2,848m 20% Group Revenue by Product
Slide 5: Global Sales
Countries/Regions 70 Global Sales Clients 4000+ Source: 2021 Univacco group revenue Production sites 6 ( 5 in Taiwan, 1 in China) Europe 37% The Netherlands Russia Hungary France West Operations East Operations Bulgaria HQ Spain Japan CA, USA MA, USA Wuxi, China 26% Americas Taiwan Dubai Thailand 哥倫
Slide 6: Global Sales
Global Sales Group Revenue by Region The Proportion of Exports Europe Europe 87 Others 37% Others Taiwan 10% Taiwan 9% 10% 40% 2021 2021 87% % 13% 2020 87% China 2021Y 2022H Americas 11% China Americas 2019 88% 26% 14% 30% 2002 37% UNIVACCO | 6
Slide 7: UNIVACCO represents the core value
UNIVACCO represents the core value A global leading brand of stamping foil and cold transfer Unique Chemical Formulas Vacuum Metalizing Coating Technology UNIVACCO | 7
Slide 8: Product Range
Product Range Vacuum Coating Foils Optical films Proportion of sales: 94% Proportion of sales: 6% • Hot stamping foil • Medical Film • Cold transfer foil • OEM coating service (sheet fed offset/narrow web) • Holographic foil • PET Protective Film • Digital foil • Adhesive SMD Cover Tape • Function f
Slide 9: Widely Used
Widely Used • Greeting cards • Print media (magazine) • Commercial printing (poster, advertisement) • Folding boxes (food, cosmetic) • Pressure sensitive labels • Wet glue labels • Laminates • Artificial leather UNIVACCO | 9
Slide 10: Awards and Honors
Awards and Honors Won FSEA Gold Leaf Award Won Taiwan Excellence Award for 12 consecutive years for 5 consecutive years 2021-1 silver and 1 bronze 2022-Hot stamping foil 705 new series 2020-2 gold and 2 bronze 2021-Toner foil 2019-1 gold, 1 silver and 2 bronze 2020-Hot stamping foil RS-01 The Nation
Slide 11: Finance Review
Finance Review UNIVACCO | 11
Slide 12: Consolidated Revenues
Univacco Group Consolidated Revenues NTD million OP Revenue VC Revenue 3,500 2,985 3,000 2,848 2,848 ▲ 20% 2,702 2,426 2,428 2,488 2,502 2,500 2,368 2,667 2,242 2,366 2,349 2,000 2,209 2,045 1,896 2,014 2,000 1,520 1,520 ▲ 14% 1,801 1,500 1,436 1,000 500 0 2013 2014 2015 2016 2017 2018 2019 2020 202
Slide 13: Consolidated BTAX
Univacco Group Consolidated BTAX NTD million 350 332 332 300 276 256 239 239 250 207 191 200 175 160 150 100 50 15 23 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022H VC 166 202 243 310 156 221** 256 276** 332** 239 OP 9 (187) (83) (103) (133) (30)* 0 0 0 0 *Optoelectronic Films Business (OP) in
Slide 14: VC Business Performance
Vacuum Coating Foils (VC) VC Business Performance Revenue Sales Quantity Gross Profit NTD million Million square meters % 2,667 2,667 522 479 522 28.9% 28.8% 2,366 2,349 429 448 431 2,209 2,000 28.0% 27.2% 1,436 1,436 266 266 26.5% 25.8% 2017 2018 2019 2020 2021 2022H 2017 2018 2019 2020 2021 2022H
Slide 15: VC Niche products-Cold Foil Revenue
Vacuum Coating Foils (VC) VC Niche products-Cold Foil Revenue Revenue Sales Quantity NTD million 1,252 1,252 Million square meters 248 248 1,050 1,057 196 203 205 993 726 141 128 657 657 128 2017 2018 2019 2020 2021 2022H 2017 2018 2019 2020 2021 2022H YoY 1% 6% 37% 18% YoY 39% 4% 1% 21% Product- 36
Slide 16: Export-Sales Ratio After Listing
Vacuum Coating Foils (VC) Export-Sales Ratio After Listing • OEM→OBM • Domestic sales→Export NTD thousand 200% 3,000,000 Export Domestic Export Revenue 180% 2,478,463 2,500,000 160% 2,000,000 140% 1,500,000 120% 1,000,000 100% 500,000 80% 93% 93% 95% 87% 88% 89% 88% 81% - 60% 69% 69% 71% 64% 65% 64%
Slide 17: Consolidated Income Statement-yr
Consolidated Income Statement-yr NTD thousand 2022H 2021H YoY% Operating revenue 1,520,047 1,328,950 14% Gross profit (loss) from operations 456,042 385,277 18% Gross margin 30.00% 28.99% Operating expenses (248,969) (216,654) 15% Selling expenses (85,622) (75,710) 13% Administrative expenses (116,8
Slide 18: Consolidated Income Statement-q
Consolidated Income Statement-q NTD thousand 2022Q2 2022Q1 QoQ 2021Q2 YoY Operating revenue 765,522 754,525 1% 690,199 11% Gross profit (loss) from operations 243,339 212,703 14% 201,824 21% Gross margin 31.79% 28.19% 29.24% Operating expenses (124,845) (124,124) 1% (104,701) 19% Selling expenses (4
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet NTD thousand 2022/6/30 2021/12/31 2021/6/30 Selected Asset Items Cash 474,541 534,682 452,991 Accounts Receivables 654,582 593,466 595,398 Inventory 688,515 610,623 523,992 Fixed Assets/Intangible 1,419,447 1,432,782 1,434,622 Assets/Right-of-use Assets Other Assets 310,50
Slide 20: Cash Flow
Cash Flow NTD thousand 2022H 2021Y 2021H Cash Flow from Operations 65,580 295,021 73,618 Cash Flow from Investing (40,373) (227,751) (136,270) Cash Flow from Financing (96,482) (43,070) 6,603 Effect of Exchange Rate Change 11,134 (5,314) (6,716) Net Increase in Cash (60,141) 18,926 (62,675) Cash at
Slide 21: Distributed dividends for ten consecutive years
Distributed dividends for ten consecutive years NTD 2.5 EPS 股利 Dividends 2.2 2.21 2 1.85 1.65 1.61 1.61 1.54 1.59 1.53 1.6 1.54 1.5 1.45 1.45 1.5 1.4 1.3 1.2 1 0.79 0.60.58 0.5 0.5 0.17 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Distribution 51% 82% 97% 78% 81% 294% 73% 75% 91% 90% Yield UN
Slide 22: Sustainability and Corporate Governance
Sustainability and Corporate Governance UNIVACCO | 22
Slide 23: Release CSR Report since 2013
Release CSR Report since 2013 Univacco has started to release the CSR report since 2013, for nine consecutive years. UNIVACCO | 23
Slide 24: UNIVACCO for a Better Future
UNIVACCO for a Better Future UNIVACCO is a brand you can rely on to deliver outstanding graphic enhancement. As a worldwide leader in hot stamp and cold transfer foils, it is our responsibility to offer a sustainable product offering. UNIVACCO | 24
Slide 25: Meet Sustainable Development Goals
Meet Sustainable Development Goals As for the development of green products and clean production strategies, UNIVACCO actively commits to the 2030 Sustainable Development Agenda and its 17 Sustainable Development Goals (SDGs). • 2021 Univacco focus on 8 goals 3 4 5 7 8 10 12 13 Health and Educationa
Slide 26: Environment
E Environment Environment -Green Product Transfer to greener and safer Eliminate carbon emissions raw material • Introduction of high solids coating • Thinner PET carrier technology, lower solvent consumption. • Develop water-based resins products • Develop products with hazard-free and halogen-free
Slide 27: Environment
E Environment Environment- Green Product Use renewable resources More Eco-friendly • Foil on post-consumer recycled • Complies with hazard-free regulations (PCR) carrier • Foil-stamped prints are • Development of a foil made from RECYCLABLE and DEINKABLE used foil • Foil-stamped prints are COMPOSTAB
Slide 28: Social Engagement
S Social Social Engagement 95% Introduction of Proportion of of key suppliers signed back the Hazardous Substances Management System female supervisors "Supplier Social Responsibility and Ethics Commitment" QC080000 12% The rate of reinstatement from childcare leave Turnover rate 0 22.8% Labor dispu
Slide 29: Governance
G Governance Governance Set up a Certified with Information Corporate Information Security disclosure transparency Sustainability Management System Core Options 2016 Committee ISO 27001 AA1000 Assurance Standard Type 1 Moderate Assurance Level Corporate Governance Percentage of downgrading Percentag
Slide 30: Q3 2022 Outlook
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Slide 31: Q3 2022 Outlook
Q3 2022 Outlook Sales expectation Purchase cost of Clients remain the same as Cost material remain H1 2022. lower level. • PET(main material) with price favorable • With widespread application products, impact from supply and demand facing the peak season from Christmas imbalance. demand. • Stabler
Slide 32: Disclaimer Statement
Disclaimer Statement The presentation and information presented herein (the “Document”) contain forward-looking statements which may include, but not limited to, statements of the Company regarding business activities, events or developments that occur in the future. The contents are based upon or d
Slide 33: www.univacco.com
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