Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — MasterLink Securities Yuanfu Industry Forum 2H 2014
30 slides from Eternal Materials's conference presentation, Sep 3, 2014
Slide 1: Eternal Materials Co., Ltd. IR Conference
Eternal Materials Co., Ltd. IR Conference
Slide 2: Safe Harbor Notice
Safe Harbor Notice • This presentation may contain forward-looking statements subject to significant risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. • The forward-looking statements in this release reflect the current belief of Et
Slide 3: Agenda
Agenda 11 Company Company Profile Profile 22 Financial Financial Information Information 33 Research Research & & Development Development 44 Q Q&& AA
Slide 4: Agenda
Agenda 11 Company Company Profile Profile 22 Financial Financial Information Information 33 Research Research & & Development Development 44 Q Q&& AA
Slide 5: Company Profile
Company Profile Eternal Materials Co., Ltd. (“Eternal”) Business Focus: Manufacture, processing and sales of advanced chemical materials Establishment: 1964 Chairman: Allen Kao President: Larry Hsieh No. of Employees Worldwide: 4,434 (as of 2013/12/31) Production Sites Worldwide: 24 Consolidated Rev
Slide 6: Business Philosophy / Prospect
Business Philosophy / Prospect • We strive to ensure the shareholders’ rights. Business • We make efforts to strengthen corporate governance. • We respect the rights of the stakeholder. Philosophy • We are devoted to social responsibility. • We care about the employees’ welfare. • We are a law-abidi
Slide 7: Product Evolution
Product Evolution 1964 1985 1989 2000 2004 2008 2014+
Slide 8: Business Units
Business Units Resins Materials Electronic Chemical Materials Business Group Business Group • Synthetic Resins Division • Copper Clad Laminates Division • Unsaturated Polyester • Photoresist Material Division Resins Division • Film Material Division Specialty Chemical Business Group • Specialty Mate
Slide 9: Core Technology
Core Technology Resins Materials Synthetic Resin Technology Energy/New Materials PCB Materials En y vir et Saf on me Core nt Technology Precision Coating Specialty Formulations Quality Opto Electronic/Display Materials UV Curing/Specialty Materials Semiconductor Materials
Slide 10: Production and Sales Sites in Taiwan
Production and Sales Sites in Taiwan Chungli Sales Office Taichung Sales Office Ta- Ta-Fa Plant Lu- Lu-Chu Plant Kaohsiung Head Office Ping- Ping-Nan Plant
Slide 11: Worldwide Production Sites
Worldwide Production Sites 24 Production Sites Worldwide Japan (2) Northeastern • Taiwan: 3 China (1) • Mainland China: 17 • Thailand: 1 • USA: 1 Northern • Japan: 2 China (1) Southwestern China (2) USA (1) Eastern China (8) Southern China (5) 泰國 Thailand (1)(1) Taiwan (3) *Note: 3 production sites
Slide 12: 2013 Product Line Contribution
2013 Product Line Contribution Resins Materials 55% Resins Materials 55% (SR、、 (SR、、UP) UP) Synthetic Resins for Coatings : Alkyd Resins 、 Acrylic Resins 、 Emulsion、 、 Oil-free Polyester Resins 、Fluoropolymer Resins 、 High Molecular Weight Polyester Resins 、Phenolic Resins 、 Amino resins 、Anti-finge
Slide 13: 2013 Sales by Region
2013 Sales by Region Europe & Others 4% Africa 1% Middle East 3% Northeast Asia 4% America 3% Southeast Asia 9% Taiwan15% Mainland China / Hong Kong 61%
Slide 14: Agenda
Agenda 11 Company Company Profile Profile 22 Financial Financial Information Information 33 Research Research & & Development Development 44 Q Q&& AA
Slide 15: 5-Year Sales Trend (Consolidated Basis)
5-Year Sales Trend (Consolidated Basis) Unit: NTD Hundred Million Global 450 Mainland China ROW 400 376 382 Taiwan 365 356 350 300 285 250 226 226 233 212 200 165 150 93 92 92 100 74 73 50 59 59 57 57 47 0 2009 2010 2011 2012 2013
Slide 16: Annual Sales Turnover (Consolidated Basis)
Annual Sales Turnover (Consolidated Basis) Unit: NTD Hundred Million 450 Topped NTD 382 400 30 Billion 341 350 300 Topped NTD 20 Billion 250 230 200 Topped NTD Commenced 10 Billion 150 investment in 110 Topped NTD China 100 85 Topped NTD 1 Billion 100 Million 12 50 1 0.01 0 1965 1972 1980 1995 1998
Slide 17: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Unit: NTD Million Quarter 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Net Sales 8,021 9,812 10,230 10,126 8,778 10,493 Gross 1,307 1,712 1,932 1,894 1,585 2,075 Profit Operating 992 1,174 1,110 1,231 1,105 1,223 Expenses Operating 314 538 822 663 480 852 Income Income 372 6
Slide 18: Annual Consolidated Income Statement
Annual Consolidated Income Statement Unit: NTD Million 2011 Quarter 2012 2013 1H14 (Non-IFRS) Net Sales 37,608 35,577 38,189 19,271 Gross Profit 5,297 6,213 6,845 3,661 Operating 3,880 4,212 4,508 2,329 Expenses Operating 1,417 2,001 2,337 1,332 Income Income before 1,703 1,874 2,612 1,285 Tax Net I
Slide 19: Balance Sheet
Balance Sheet Unit: NTD Million * IFRS Opening Balance Quarter 2011* 2012 2013 1H14 Cash and Cash Equivalents 3,929 4,131 4,845 6,640 Accounts Receivable 10,810 10,294 12,245 9,912 Inventory 6,347 6,252 6,551 6,661 Property, Plant & Equipment 13,260 12,924 13,316 13,260 Total Assets 39,461 40,172 44
Slide 20: Agenda
Agenda 11 Company Company Profile Profile 22 Financial Financial Information Information 33 Research Research & & Development Development 44 Q Q&& AA
Slide 21: Research & Development Centers
Research & Development Centers 1.Taiwan: Kaohsiung R&D Center 2.Mainland China: Mainland China R&D Center 3.Mainland China: Beijing Technical Service Application Lab 4.10 Plant-Based R&D Application Labs Beijing【Technical Service Application Lab】 Lab】 Tiangjin (1) Shanghai: Changsu (1) Mainland Chin
Slide 22: Research & Development Manpower
Research & Development Manpower Total R&D Manpower: 611 R&D manpower represents ~14% of University/ total manpower College Ph.D. 78 (13%) 174 Master 211 (34%) Master University/College 293 (48%) University/College 139 Others 29 (5%) 119 大學 Ph.D. Master 69 72 Others Ph.D. Others 18 9 11 Taiwan: 400 M
Slide 23: Research & Development Expenditure
Research & Development Expenditure 2013 R&D Expenditure as % of Net Sales: 3.2% Unit: NTD Hundred Million
Slide 24: Research & Development Honors
Research & Development Honors 1990 Best performance manufacturer on new product R&D for Specialty Monomer products 1992 Best performance manufacturer on new product R&D for Dry Film products 1993 Outstanding Award for Industrial Technology Advancement granted by MOEA 1995 Excellent Award for Industr
Slide 25: Research & Development Directions
Research & Development Directions Advanced Next Generation Materials FPC Materials for Optical Thin Solar Energy Materials for Film Materials Electronic for Flat Panel Packaging Displays High New Applications Development Performance Green Resins Materials Products Functionality Improvement
Slide 26: Growth Strategy
Growth Strategy Rooted Cultivate in Based Embrace In Taiwan Greater China in Asia the World Directions for Continuing Adopt world-class standards to cultivate constantly in the chemical Development materials industry Leverage core technologies to develop high-end product applications Enhance R&D str
Slide 27: Product Trend
Product Trend • Development of New Electronic Materials • Thoroughly Development in High-Molecular Materials • UV Curable Resins and 3D Printing Application Products • In-Vitro Diagnostic Technology • Flexible Printing Circuit (FPC) Materials • Touch Panel Adhesive Materials • Materials for Green En
Slide 28: Target and Expectation
Target and Expectation 「 Me One 」advanced materials; Actively developing「 becoming the key material supplier among related industries by expanding our core technologies; and be committed to become the industry’s
Slide 29: Agenda
Agenda 11 Company Company Profile Profile 22 Financial Financial Information Information 33 Research Research & & Development Development 44 Q Q&& AA
Slide 30: Q&A
世界級化學電子材料供應商 長遠規劃未來 興創世界品牌 Q&A
Eternal Materials — MasterLink Securities Yuanfu Industry Forum 2H 2014 on 6ix