Slide 1: Coremax Corporation 2017 Q3 Investor Conference
Stock Code: 4739 Coremax Group Coremax Corporation 2017 Q3 Investor Conference Presented by：Jim Ho Date：2017.12.11
Slide 2: Safe Harbor Notice
Safe Harbor Notice The presentation and discussion contain certain forward-looking statements with respect to the results of operation, financial condition and current expectation. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results
Slide 3: Agenda
Agenda Company Profile Group Structure 2017 Q3 Financial Results（Certified by Accountant） Consolidated Statements of Comprehensive Income Sales Breakdown by Products Consolidated Gross Margin Consolidated Operating Expenses Consolidated Operating Income Consolidated Net Income Co
Slide 4: Company Profile
Company Profile Zhangzhou, China - 2011 Ningbo, China – 2004 Founded in 1992 Plant Size : 21,361m2 Plant Size : 10,036m2 Capital:NTD7.57 Billion Number of Employees 376 Persons Jiangxi, China– 2000 Plant Size : 17,034m2 Head Office North Europe Asia Hsinchu, Taiwan (HQ) – 1992 11 Wenhua Rd.,
Slide 5: Group Structure
Group Structure Coremax Corporation June 1992 100% 80.18% 83.6% Heng I Chemical Uranus Chemicals Coremax (BVI) Co., Ltd. Co., Ltd. November 2001 May 1961 July 1975 100% 100% 100% 70.06% 100% Coremax Jiangxi Tianjian Coremax Zhuhai Coremax Ningbo Coremax (Thailand) (Zhangzhou) Chemicals Co., Ltd. Che
Slide 6: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Unit：NTD Thousand Item 2017Q1-Q3 2017Q1-Q2 2016Q1-Q3 QoQ YoY Sales Revenue 3,656,712 2,359,195 2,982,446 55% 23% Gross Margin 15% 14% 9% 0.01 0.06 Operating Expenses 165,444 110,652 156,768 50% 6% Operating Margin 10% 9% 3% 0.01 0.07 Non-operating inco
Slide 7: 2017Q3 Sales Breakdown by Products
2017Q3 Sales Breakdown by Products Catalyst Power Battery Others 18% Catalyst 12% Chemical Fertilizer Specialty Specialty Chemicals Chemicals 12% Power Battery Others Chemical 40% Fertilizer 18% Unit：NTD Thousand Catalyst Power Battery Chemical Specialty Others Total Sales Fertilizer Chemicals Reven
Slide 8: 2017Q1-Q3 Sales Breakdown by Products
2017Q1-Q3 Sales Breakdown by Products Catalyst Power Battery Chemical Fertilizer Others 20% Catalyst 12% Specialty Chemicals Others Specialty Power Battery Chemicals 15% 36% Chemical Fertilizer 17% Unit：NTD Thousand Catalyst Power Battery Chemical Specialty Others Total Sales Fertilizer Chemicals Re
Slide 9: Quarterly Sales Breakdown by Products
Quarterly Sales Breakdown by Products Catalyst Power Battery YoY:43.36% ； QoQ:11.96% YoY:58.79% ； QoQ:40.04% 14% 45% 12% 13% 40% 13% 40% 12% 35% 10% 10% 30% 32% 34% 32% 8% 25% 6% 20% 15% 4% 10% 2% 5% 0% 0% 2016Q3 2017Q1 2017Q2 2017Q3 2016Q3 2017Q1 2017Q2 2017Q3 Chemical Fertilizers Specialty Chemica
Slide 10: Consolidated Gross Margin
Consolidated Gross Margin 16% 15% 14% 14% 12% 10% 9% 8% 6% 4% 2% 0% 2016Q1-Q3 2017Q1-Q2 2017Q1-Q3 December 2017 9/27
Slide 11: Consolidated Operating Expenses
Consolidated Operating Expenses Unit：NTD Million YoY:6% ； QoQ:50% 180 165 157 160 140 56 56 111 120 2 100 3 Selling Expenses 38 80 R&D Expenses 1 Administrative Expenses 60 98 107 Operating Expenses 40 72 20 0 2016Q1-Q3 2017Q1-Q2 2017Q1-Q3 December 2017 10/27
Slide 12: Consolidated Operating Income
Consolidated Operating Income Unit：NTD Million 400 YoY:272% ； QoQ:68% 12% 10% 350 9% 10% 300 8% 250 6% 200 369 150 3% 4% 100 220 2% 50 99 0% 0 2016Q1-Q3 2017Q1-Q2 2017Q1-Q3 Operating Income Operating Margin December 2017 11/27
Slide 13: Consolidated Net Income
Consolidated Net Income Unit：NTD Million YoY:50% ； QoQ:69% 9% 10% 350 8% 9% 300 8% 7% 250 7% 6% 200 5% 150 318 4% 3% 100 212 188 2% 50 1% 0% 0 2016Q1-Q3 2017Q1-Q2 2017Q1-Q3 Net Income Net Margin December 2017 12/27
Slide 14: Consolidated EPS
Consolidated EPS Unit：NTD 5 4 3.92 3 2.76 2 2.36 1 0 2016Q1-Q3 2017Q1-Q2 2017Q1-Q3 EPS 2.76 2.36 3.92 December 2017 13/27
Slide 15: From Jan. to Aug. 2017 Global Market of New Energy Vehicles
From Jan. to Aug. 2017 Global Market of New Energy Vehicles Top 10 Sales of New Energy Vehicles From Jan. to Aug. 2017 Top 15 Sales from Jan. to Aug. : 366,000 units. The Note 68,096 market share is around Prius 33,684 56%. Leaf 32,524 There are 4 PHEV of the top EC 180 28,750 15 Sales：Prius、 D2
Slide 16: End Sales of Petrol and Diesel Vehicles Plans－By Country
End Sales of Petrol and Diesel Vehicles Plans－By Country USA CARB 2025 Sales 3,300, 000 2013 MoU 8 States units of ZEV Netherlands Ban sales of petrol and 2016 Bill diesel vehicles by 2025 Norway All new cars sold by 2016 Reported by 2025 should be BEV or Official Site PHEV Germany Ban sales of Inte
Slide 17: LiB Market－Sales Forecast of New Energy Vehicles
LiB Market－Sales Forecast of New Energy Vehicles Sales Forecast of New Energy Vehicles （KUnits／Year） 4000 3500 3000 2500 2000 Global Market 1500 China Market 1000 500 0 Y2011 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017E Y2018F Y2019F Y2020F Sources：2017 China International Nickel & Cobalt Industrial Forum
Slide 18: Development of New Energy Vehicles Affected Nickel Demand
Development of New Energy Vehicles Affected Nickel Demand Nickel Demand of LiB Cathode Material（Ton／Year） 160000 140000 120000 Nickel Demand of NCM811 100000 Nickel Demand of NCM622 80000 Nickel Demand of NCM523 60000 Nickel Demand of NCM333 40000 Nickel Demand of NCA 20000 0 Y2013 Y2014 Y2015 Y2016
Slide 19: Development of New Energy Vehicles Affected Cobalt Demand
Development of New Energy Vehicles Affected Cobalt Demand Cobalt Demand of LiB Cathode Material（Ton／Year） 90000 80000 70000 Cobalt Demand of LCO 60000 Cobalt Demand of NCM811 50000 Cobalt Demand of NCM622 40000 Cobalt Demand of NCM523 30000 Cobalt Demand of NCM333 20000 10000 Cobalt Demand of NCA 0
Slide 20: Main Application of Cathode Material
Main Application of Cathode Material Cathode Material LCO NCM NCA LMO LFP Low-end Smart Phone EV EV EV Phone Energy Tablet PC Note Book Power Tool E-Bus Storage UAV Power Tool Wearable devices Sources：2017 China International Nickel & Cobalt Industrial Forum December 2017 19/27
Slide 21: Important Event
Important Event At 10/31, # 47392, convertible bondⅡ, roughly NT $36.2 million has not been converted, the expected conversion shares of about 682,000 shares. After the $36.2 million converted, the capital will be NT $868 million. The company's third power battery material production line is ope
Slide 22: Thank you for your attention!
CoreMax Your Best Choice! Best Partner! Thank you for your attention! December 2017 21/27
Slide 23: Annex I Corporate Milestone-1
Annex I Corporate Milestone-1 1992 First catalyst production line started. 1994 First recovery catalyst production line completed. 1996 Company name changed to Coremax Taiwan Corporation. Passed ISO 9002 certificate. 1999 Completed production line of advanced material and battery material. 2000 Obta
Slide 24: Annex I Corporate Milestone-2
Annex I Corporate Milestone-2 2010 Set up battery material production line in Toufen Taiwan. Listed at emerging stock market. 2011 Set up “Coremax (Zhangzhou) Chemicals Co., Ltd to exclusive supply Xianglu PTA. Introduced Itochu Corporation to overall arrangement catalyst and battery material busine
Slide 25: Annex II Product Categories and Applications
Annex II Product Categories and Applications Sales Percentage Application End Products Catalyst PTA、PIA、PET (≒12%) Power Battery Lithium battery- precursor、 (≒36%) Printed circuit board Tire adhesive Specialty Chemicals promoter, (≒12%) Semiconductors、 Panel Chemical Fertilizer Agriculture (≒17%) De
Slide 26: Annex III Production Capacity-1
Annex III Production Capacity-1 Catalyst Products Co Acetate : Hsinchu Plant - 1,200 MT/Year (100 MT/Month) Ningbo Plant - 600 MT/Year (50 MT/Month) Rayong Plant - 360 MT/Year (30 MT/Month) Mn Acetate : Hsinchu Plant - 1,200 MT/Year (100 MT/Month) Ningbo Plant - 600 MT/Year (50 MT/Month) Rayon
Slide 27: Annex III Production Capacity-2
Annex III Production Capacity-2 Power Battery Products Co Oxide : Hsinchu Plant - 960 MT/Year (80 MT/Month) Co Sulfate : Hsinchu Plant - 4,800 MT/Year (400 MT/Month) Ni Sulfate : Toufen Plant L1 & L2 - 14,400 MT/Year (1,200 MT/Month) Toufen Plant L3 - 18,000 MT/Year (1,500 MT/Month) December
Slide 28: Annex III Production Capacity-3
Annex III Production Capacity-3 Specialty Chemicals Co Hydroxide : Hsinchu Plant - 1,680 MT/Year (140 MT/Month) Industrial Grade Sulfuric Acid : Toufen Plant - 99,000 MT/Year (8,250 MT/Month) Electronic Grade Sulfuric Acid : Toufen Plant - 66,000 MT/Year (5,500 MT/Month) Etching Solution :