Taisun Enterprise Co., Ltd. · TWSE:1218
Taisun Enterprise — Investor Presentation (November 2020)
22 slides from Taisun Enterprise's investor presentation, Nov 17, 2020
Slide 1: Taisun Enterprise 2020 Investor Relations Update
（Ticker:1218） Taisun Enterprise 2020 Investor Relations Update November 17th 2020 1
Slide 2: Disclaimer
Disclaimer • The consolidation financial information included in this presentation were prepared based on IFRS and audited by a CPA. • Taisun Enterprise Co.,Ltd does not provide financial forecasts. Our actual results of operations, financial conditions or business prospects may differ from those ex
Slide 3: 2020 Operating Result, Taisun Profile, Performance Review, Financials
2020 Operating Result Taisun Profile Performance Review Financials 3
Slide 4: 2020 Highlights
2020 Highlights 2020 EPS 1.75 - historical high Proposed cash dividend per share NT$1.4 - historical high ROE climbed to over 12% Operating profit surged 98% Entrance into sugarless products, emerging trend for an increasingly health conscience population Cheers brand carbonated water co
Slide 5: YTD2020 Operating result
YTD2020 Operating result (NT$ 1000) 2020 2019 YoY Difference Amount % Amount % Amount % Sales 8,356,125 8,000,584 355,541 4% Cost 6,715,645 80.4% 6,545,893 81.8% 169,752 3% Gross profit 1,640,499 19.6% 1,455,470 18.2% 185,029 13% Operating expense 1,323,957 15.8% 1,295,263 16.2% 28,694 2% Operating
Slide 6: Taisun Profile
Taisun Profile “70 years of experience and hard work, ready to soar “ • Core Business: Food & Beverage Key Products • Total Asset： NT$ 9.32 billion Canned Desserts • Amount of Capital： NT$ 4.9 billion Bottled Water • Ticker：1218 Beverages • FY2020 Revenue：NT$ 8.4 billion Cooking Oil • Lead
Slide 7: Taisun is a Hidden Gem
Taisun is a Hidden Gem A well-known brand: 70 years of history, beloved products for all ages Strong competencies for F&B manufacturing: mass production experience, product development know-how, patent & formula Revenue breakdown FY 2020 Consumer 58% Segment Commercial 31% Segment Overseas 6% Ot
Slide 8: Ubiquitous presence, myriad channels
Ubiquitous presence, myriad channels Over 25, 000 retailors, hyper/super market places, wholesalers, chain stores, and restaurants in TW are selling Taisun products +2500 Hyper/Super Market +12000 Convenient Chain Store +10000 Traditional Shop/Chain +2700 H&B Care Chain Others Vending Machine Onli
Slide 9: Consumer Segment
Consumer Segment • Household cooking oil, beverage, bottled water, canned desert Market share Canned Desert #1 Ice Fruit Tea #1 Sparkling Water #1 Cooking Oil #2 Bottled Water #2 9
Slide 10: Commercial Segment
Commercial Segment • Restaurant cooking oil , soybean powder Commercial cooking oil has a high market share Stable single-digit sales growth every year 10
Slide 11: Diversified product portfolio, fulfilling various market demands
Diversified product portfolio, fulfilling various market demands Durable and convenient ~40% • Energy drink -Buff Local champion • Bottled • Sparkling Water Water • Canned Desserts Proven profitable & successful business model • Bottled Drinks • Cooking oil (Household) Great popularity, easy access
Slide 12: Performance Review
Fell @ Performance Review ee
Slide 13: Domestic sales post stable growth and GM continue to expand
Domestic sales post stable growth and GM continue to expand thanks to improving operating execution and better product mix Commercial Segment Consumer Segment Sales (NT$m) Sales (NT$m) 3000 2743 3.5% 5000 29% 2724 4855 2632 2560 4760 28% 28% 3.0% 4800 28% 28% 2500 2.9% 28% 2155 27% 2.5% 4600 27% 200
Slide 14: Product innovation and development leading the growth
Product innovation and development leading the growth Cha Street – Beverage “Fast Fashion” In 2020 partnered with hip beverage brands DONTYELLATME and TUREDAN Cheers Sparkling Water Top sparkling water brand. Growing through continued innovation including launching seasonal lemon flavor and part
Slide 15: Product innovation and development leading the growth
Product innovation and development leading the growth Taisun Rice Bran Oil – Best Known Brand Taisun Rice Bran Oil brand is the industry’s most recognized brand with the second highest market share 泰山玄米油 Grass Jelly, New Promotions to a Traditional Snack Introduced limited editions of this tradi
Slide 16: Overseas business continues to grow at a healthy pace
Overseas business continues to grow at a healthy pace OEM business maintains a double digit growth rate We expect new clients in untapped markets to be the key revenue driver going forward Overseas Business Taisun Product Shipment 1,100 OEM Shipment 450 1,000 400 OEM Sales 900 Taisun Product Sal
Slide 17: Invested companies: TW FamilyMart brings in uptrending cash flow
Invested companies: TW FamilyMart brings in uptrending cash flow Taisun holds 22.47% of TW FamilyMart receiving consistent annual cash dividends TW FamilyMart continues to grow handsomely but Taisun’s core operations have been growing even faster and thus reducing TW FamilyMart’s percentage cont
Slide 18: A more favorable dividend policy for shareholders
A more favorable dividend policy for shareholders We paid a cash dividend of NT$1.4 (81% payout ratio) on FY2020’s earnings We are strongly committed to paying a dividend that is aligned with the company’s earnings growth Cash Dividend 1.6 1.4 1.4 1.2 1 0.9 0.8 0.8 0.6 0.4 0.4 0.2 0 0 0 2015 201
Slide 19: Financials
Financials • Continued EPS expansion • Stable investment income • Strong balance sheet 19
Slide 20: Income statement
Income statement Over the past 3 years, we have been able grow earnings and expand ROE and ROA through improvement in operations, better product mix and cost controls (NT$ 100mn) FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Sales 80.18 81.11 76.82 79.02 80 83.56 Gross profit 13.08 14.27 13.31 1
Slide 21: Balance sheet
Balance sheet (NT$ 100mn) FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Cash & equivalents 7.26 8.08 4.66 12.8 11.47 7.72 Accounts receivable 9.92 11.27 10.48 10.57 10.80 11.68 Inventories 7.97 6.46 6.27 6.13 6.80 5.72 Current assets 28.74 31.34 27.98 33.12 35.62 32.19 LT investments 19.58 20.28 2
Slide 22: New Era, New Way
New Era, New Way Investor Relations； IR@taisun.com.tw 22
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