St.shine Optical Co., Ltd. · TPEX:1565
St.shine Optical — Investor Presentation (November 2021)
28 slides from St.shine Optical's investor presentation, Nov 10, 2021
Slide 1: Presenter: Carol Chou, Spokesperson
Presenter： Carol Chou／Spokesperson 1
Slide 2: Disclaimer
Disclaimer • This presentation contains forward-looking statements and these forward-looking statements are subject to risks, uncertainties and assumptions. The unexpected circumstances arise may cause the differences between the actual results and the company’s expectations. • The forward-looking s
Slide 3: About Company
1 About Company CONTENTS
Slide 4: Company Profile
Company Profile Business model OBM for Taiwan ODM/OEM for Overseas markets Focus markets Taiwan、Japan、China、USA、Europe Profile Establishment：1986 Main Product：Disposable Contact Lens Capacity：1 billion pieces Employees：about 3,000 Production Site：All in Taiwan
Slide 5: Events
Events 1986 Establishment of St.Shine Optical 1992 Aspheric Multifocal lens production 1997 Cast-mold production line for spherical 1999 GMP Certification Multifocal lens product 2004 Daily disposable lens production Public listing in Taiwan Stock Exchange 2010 Daily disposable cosmetic lens product
Slide 6: Worldwide Activities
Worldwide Activities UK Russia Canada Holland South Belgium Turkey Korea Germany Greece China USA Spain Japan Italy Mexico Israel Taiwan Saudi Hong Arabia India Kong Malaysia Singapore Indonesia Brazil Australia and NZ
Slide 7: OEM and ODM Brands Overseas
OEM and ODM Brands Overseas Japan PERFECT DIARY China 完美日記 KILALA USA Europe
Slide 8: Industry Overview
2 Industry Overview CONTENTS
Slide 9: Worldwide Contact Lens Markets - by region
Worldwide Contact Lens Markets - by region Total market size：USD 8 billion (YoY -11%) First recession since the 2008 financial crisis Asia 32% America 42% Europe 26% 2020FY Source ：St. Shine Estimated
Slide 10: Worldwide Contact Lens Markets - by brand
Worldwide Contact Lens Markets - by brand increase yearly Other 12% J&J Cooper 39% 25% Alcon 24% 2020FY Source ：St. Shine Estimated
Slide 11: Worldwide Contact Lens Markets - by function
Worldwide Contact Lens Markets - by function Mainly in Asia Cosmetic 12% Multifocal 13% Spherical 48% Toric 27% 2020FY Source ：St. Shine Estimated
Slide 12: Worldwide Contact Lens Markets - by daily lens penetration
Worldwide Contact Lens Markets - by daily lens penetration America Europe Asia 66% 67% 68% 65% 65% 52% 53% 53% 53% 50% 46% 47% 44% 41% 36% 2016 2017 2018 2019 2020 Source ：St. Shine Estimated
Slide 13: Competitions
Competitions 《Overseas》 《Taiwan》 • USA - J&J、Alcon、 • St. Shine Optical (1986) Cooper Vision • Unicon (1992) • Canada - B&L • Hydron (1995) - Ginkno • Spain - Mark'ennovy • Visco (1998) - BenQ Materials • I-See Vision (1999) • Japan - Seed、Menicon • Largan Medical (2004) - Largan Group • Korea - Bes
Slide 14: Taiwan Custom Import/Export
Taiwan Custom Import／Export Unit：thousand pcs Import Export 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source：Directorate General of Customs
Slide 15: Export Change of Taiwan Custom
Export Change of Taiwan Custom Japan China 80% 70% 60% 50% 40% 30% 20% 10% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021-3Q Source：Directorate General of Customs
Slide 16: Business Overview
3 Business Overview CONTENTS
Slide 17: Financial Result-2020FY
Financial Result-2020FY Unit：thousand NTD 2020 FY 2019 FY YoY Operating revenue 5,006,588 100% 6,346,670 100% (21%) Gross profit from operations 1,372,656 27% 2,126,714 34% (35%) Operating Expenses (372,007) (7%) (476,903) (8%) (22%) Net operating income 1,000,649 20% 1,649,811 26% (39%) Total non-o
Slide 18: Financial Result-2021Q3
Financial Result-2021Q3 Unit：thousand NTD 2021 Q1~Q3 2020 Q1~Q3 YoY Operating revenue 4,074,144 100% 3,619,189 100% 13% Gross profit from operations 1,224,312 30% 950,897 26% 29% Operating Expenses (288,993) (7%) (268,191) (7%) 8% Net operating income 935,319 23% 682,706 19% 37% Total non-operating
Slide 19: Revenue Breakdown-by region
Revenue Breakdown-by region 2020FY 2021Q1~Q3 TW 11% TW 7% Asia Europe 6% Asia Europe 7% 69% 76% America America 11% 13% Among Asia：Japan is 2/3 about China is slightly less than 1/3
Slide 20: Revenue Breakdown-by product
Revenue Breakdown-by product 2020 FY 2021Q1~Q3 Non- Non- Color Color color color 51% 57% 43% 49% Daily lens accounts over 90%
Slide 21: Planning and Perspective
Planning and 4 Perspective CONTENTS
Slide 22: Planning and Perspective
Planning and Perspective Capacity Planning -Increase production capacity through R&D of automation/high-efficiency process equipment -Recruit employees actively to rise capacity utilization -Introducing new products for existing customers to expand R&D their product lines -Develop high efficiency pr
Slide 23: Opportunities and Challenges
Opportunities and 5 Challenges CONTENTS
Slide 24: Opportunities and Challenges: Momentum
Opportunities and Challenges 《Main-Stream Products》 USD/NTD 32 • Aspheric daily-> Growing market in 31 America and stable market in Asia and 30 29 EU 28 27 • Color daily-> Asia 26 Momentum 《Potential Products》 Growth Outside • Toric-> US and EU markets • Multifocal -> Worldwide Impact • Depreciation
Slide 25: Products introduction
6 Products introduction CONTENTS
Slide 26: Sales distributions
新品上市 Sales distributions：小林、仁愛、年輕人...etc chain stores and other optical shops
Slide 27: Own Brand Products
sesnine FFE HEA Own Brand Products
Slide 28: Q & A
Q & A
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