Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — Q2 2022 Earnings Presentation
31 slides from Eternal Materials's earnings presentation, Aug 11, 2022
Slide 1: Eternal Materials
> RRNA | ETERNAL MATERIALS Elements of Infinite Possibilities
Slide 2: 2022 Q2 Operating Result & Global PCB Market Trend
2022 Q2 Operating Result & Global PCB Market Trend Presenter : Director, H.T. Shen (Photoresist Materials Division) B.C.Liu (spokesperson) Date : 2022/08/11
Slide 3: Agenda
Agenda 1. Profile & 2022 Q2 Operating Result 2. Introduction of the Photoresist Materials Division & Global PCB Market Trend
Slide 4: Profile
Profile
Slide 5: Profile
Profile Chairman Allen K. L. Kao Core BusinessManufacturing, processing and sales Overall Sales Founding Employees Revenue Taiwan 4 China 12 1964 4,901 USD $ 1,802 Production Sites million USA 1 R&D 22 Thailand 1 Headcounts of Notes 1 : Researcher expenditures Japan 2 Number of Employees on June 30,
Slide 6: Development Milestones
Development Milestones Resins UV LED Equipment SYTHETIC RESINS VACUUM LAMINATOR COATING ADHESIVE MONOMER OPTICAL FILM for PCB/ICS UNSATURATED POLYESTER OLIGOMER Wet CHEMICAL UV COATING 1985 2000 2008 2016 1964 1989 2004 2013 2020+ PCB IC New Materials Biomaterials MATERIALS for SOLAR CCL EMC CELL/FL
Slide 7: Core Technology
Core Technology Resin New Materials PCB Functional Resin Synthesis Chemical Precision Formulation Processing Environment LCD UV IC 7
Slide 8: New Development
New Development Biomaterials High performance resin Advanced packing materials Diagnostic Enzymes for materials Molecular Biology Organic-inorganic hybrid Diagnostic Enzymes for Liquid Epoxy Molding materials Biochemistry of Blood Compound Fluorocarbon polymer Dengue Virus-related Unde
Slide 9: Global Production Sites
Global Production Sites North Northeast Japan (2) USA (1) China (1) China (1) Kodama Tianjin Yingkou Aichi Virginia Southwest Taiwan (4) Italy (1) China (2) Kaohsiung(2) Milan Chengdu Pingtung Chongqing New Taipei Thailand (1) Bangkok East China (4) Kunshan(1) South China (4) Global Production Sites
Slide 10: Global Service Network
Global Service Network USA(1) North Northeast Korea(1) Central China(2) Changsha China(1) China(1) Virginia Suwon Wuhan Tianijn Yingkou Japan(2) Yokohama Italy (1) Milan Southwest China(3) Chengdu(1) Chong qing(2) India(1) Taiwan (5) Mumbai Kaohsiung(2) Chungli(1) Taichun
Slide 11: 2021 Product Lines Sales Ratio
2021 Product Lines Sales Ratio Electronic Materials 28.8 % Resins Materials 49 % Dry Film Photoresist Dry Film Solder Mask UV INK Alkyd Resin、Solvent-Based Dry Film Photosensitive Polyimide Acrylic Coating Resin Liquid Polyimide Material Water-Based Acrylic Coating Vacuum Laminator R
Slide 12: Annual Sales Distribution, 2021 Regional Markets Sales Ratio
Annual Sales Distribution, 2021 Regional Markets Sales Ratio Unit : USD million 2000 1,802 2021 Regional Markets Sales Ratio 1800 0% 20% 40% 60% 80% 1600 1,436 China & HK 62% 1,365 1,303 1,299 1400 Taiwan 12% 1200 1,116 Southeast Asia 10% 1000 845 890 793 799 Northeast Asia 5% 800 Europe & Other 5
Slide 13: 2022 Q2 Operating Result
2022 Q2 Operating Result
Slide 14: Financial Information-Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices 2022Q2 2021 2020 Unit：TWD Millions Amount % Amount % Amount % Cash and cash equivalents 6,221 10 4,444 7 6,170 11 and current financial assets Accounts receivable 19,151 30 20,071 33 17,523 31 Inventories 12,053 19 10,678 18 7,493 13 Financial asset
Slide 15: Financial Information-Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income 2022Q2 2021 2020 Unit：TWD Millions Amount % Amount % Amount % Operating Revenue 25,549 100 50,471 100 38,370 100 Gross profit 5,644 22 10,694 21 8,886 23 Operating expenses (3,466) (14) (6,599) (13) (5,747) (15) Operating Income 2,178 9 4,095
Slide 16: Financial Information-Cash Flow Statements
Financial Information-Cash Flow Statements 2022Q2 2021 2020 Unit：TWD Millions Amount Amount Amount Cash and cash equivalents at the beginning of the year 4,289 6,108 6,010 Cash flows from operating activities 1,896 750 4,148 Acquisition of property, plant and equipment (1,314) (2,049) (1,458) Increa
Slide 17: Introduction of the Photoresist Materials Division
Introduction of the Photoresist Materials Division
Slide 18: Photoresist Materials Division-Product Category
Photoresist Materials Division-Product Category 18
Slide 19: Photoresist Materials Division-One-Stop Service
Photoresist Materials Division-One-Stop Service Product Storage & ① 22±2℃, <60%RH Logistics ② 5±3℃ ③ -20±2℃ 19
Slide 20: Photoresist Materials Division-Global Coating Capacity
Photoresist Materials Division-Global Coating Capacity Italy Japan TW 20
Slide 21: Photoresist Materials Division-Global Layout
Photoresist Materials Division-Global Layout 21
Slide 22: Photoresist Materials Division-Dry Film Market Share
Photoresist Materials Division-Dry Film Market Share Eternal 34 % Other 66 % Source: Analysis and update by Eternal Market Report 22
Slide 23: Dry Film Regional Markets Sales Ratio
Photoresist Materials Division-Dry Film Regional Markets Sales Ratio Other 0.6 % Southeast Asia Other 0.3 % Europe 2.6 % America 1.0 % Japan 1.4 % Thailand 7 % Taiwan 12 % China & Hongkong 75 % Statistical:2021Y 23
Slide 24: Photoresist Materials Division-Related Certificates
Photoresist Materials Division-Related Certificates 24
Slide 25: Global PCB Market Trend
Global PCB Market Trend
Slide 26: Global PCB Market Forecast (2021~2026)
Global PCB Market Forecast (2021~2026) Unit：Billion Dollars ~ 2000 2001~2008 2009~2016 2017~2019 2022~2029 2030~ Source: Mar 2022 Prismark Report and Eternal Market Summary COVID-19, Ukraine conflict, inflation impact of electronic industry of 2022, Prismrk forecast the driving by 5G, AIoT and HPC,
Slide 27: PCB Product Market Trend (2021~2026)
PCB Product Market Trend (2021~2026) ITEM SS/DS ML HDI IC Substrate FPC Product Structure PC, NB, Server, Smart phone, PC, NB, Smart Phone, Module Automotive, LED lamp Application Consumer Antenna, SIM Card Work Station, Industry HPC, Smart Car NB, CPU, GPU, Automotive, AI CAGR (2021~2026) 2.4% 3.7%
Slide 28: PCB High-Growth Product & Application (2021~2026)
PCB High-Growth Product & Application (2021~2026) 10% HPC CAGR Package Substrate M USD 10,000 20,000 40,000 High growth products of PCB : IC substrate for FCBGA, SiP application, HDI for smart phone, HPC, NB, Automotive application and Multilayer PCB for high speed server application. 28
Slide 29: Eternal High Resolution DRF for PCB
Eternal High Resolution DRF for PCB 2020 2021 2023~ Challenge of next generation high resolution DRF： Resolution: FOPLP RDL L/S ≦ 3/3 um, MSAP L/S ≦ 15/15um, SAP L/S ≦ 5/5 um Adhesion on build up material: RDL ( PI ), Low Ra ABF materials New process control: new develop, stripping etc., proce
Slide 30: Conclusion
Conclusion COVID-19, Ukraine conflict, inflation impact of electronic industry of 2022, Prismrk forecast the PCB annual growth rate 1 (CAGR 2021~2026) of 4.6%, driving by 5G, AIoT and HPC, Smart Car related products in the future. High growth products of PCB for next five years : IC Substrate for FC
Slide 31: Eternal Materials
| ETERNAL ue MATERIALS = Elements of Infinite Possibilities