Univacco Technology Inc. · TPEX:3303
Univacco Technology — Q3 2021 Earnings Presentation
46 slides from Univacco Technology's earnings presentation, Nov 23, 2021
Slide 1: Univacco Technology Inc. 2021 Q3 Business Review
3303.TWO Univacco Technology Inc. 2021 Q3 Business Review www.univacco.com
Slide 2: Disclaimer Statement
Disclaimer Statement The presentation and information presented herein (the “Document”) contain forward-looking statements which may include, but not limited to, statements of the Company regarding business activities, events or developments that occur in the future. The contents are based upon or d
Slide 3: Outline
Outline Company Profile Core Technology & Competitive Advantages Finance Review Future Plan & Corporate Governance UNIVACCO | 3
Slide 4: Company Profile
Fan ( UNIVACCO Company Profile UNIVA\ cco | 4
Slide 5: Univacco Company Profile
Univacco Company Profile (3303.TWO) Chairman Mr. Kuo-Lung Tsai CEO Mr. Bruce Lee Established Aug. 29, 1990 Paid-up Capital NTD 961 million * Consolidated Revenue NTD 2.36 billion (2020) Listing Day May 28, 2007 Group Employees 650 * Main Products Vacuum Coating Foils (VC) *: As of Sep. 30, 2021 UNIV
Slide 6: Focus on Foil for 30 years Global Top 3 Foils Brand
Focus on Foil for 30 years Univacco Global Top 3 Foils Brand 2020: 93% consolidated revenue of Univacco came from VC products (foils) UNIVACCO | 6
Slide 7: Foils Sales to 70 Countries
Foils Sales to 70 Countries Russia The Netherlands France Hungary Ukraine USA Spain Bulgaria East Japan West Operations Wuxi Operations HQ Taiwan Thailand Dubai Colombia India Malaysia HQ South Africa Subsidiaries Chile Argentina Exclusive distributors UNIVACCO | 7
Slide 8: Proportion of Exports Up to 90%
Proportion of Exports Up to 90% 2002 2021 37 % % UNIVACCO | 8
Slide 9: What is stamping foil?
What is stamping foil? The structure of stamping foil PET film main material Release release the main structure from PET film Color provide color to the product Aluminium Coating provide metal effect Topping with gum paste on the object UNIVACCO | 9
Slide 10: Foils Series
Foils Series Packaging with metal design elements, enrich the design level, thereby enhancing brand and product value! Hot stamping Holographic Cold foil foil foil Hot stamping foil can It can be directly Multiple laser patterns be applied to the large connected to the are available for hot foil are
Slide 11: Hot Foils Application
Hot Foils Application Luxury Packaging Food Packaging Drink label/package UNIVACCO | 11
Slide 12: Cold Foils Application
Cold Foils Application Labels Food Packaging Cigarettes UNIVACCO | 12
Slide 13: Awards and honors
Awards and honors Univacco receives numerous awards worldwide. Univacco foil products were awarded by FSEA in 11 consecutive years, and products are well recognized and appreciated in the global market. Won FSEA Won FINAT Won Sun Cup Gold Leaf Award 2017 Asia Label Awards 2011-2021 2016 經濟部 Won Pote
Slide 14: Core Technology & Competitive Advantages
Core Technology & Competitive Advantages UNIVACCO | 14
Slide 15: Applied Fields of Vacuum Coating
Applied Fields of Vacuum Coating Low Technology barrier High Metallic film Metallic yarn Metallic film Stamping for flexible for rigid foil packaging packaging Holographic effect UNIVACCO | 15
Slide 16: Own Branding Manufacturing
Own Branding Manufacturing Univacco owns its core technology by integrating the technologies in chemical formulation, vacuum metallizing, and coating. Univacco prides itself in foils development, establishing own brand name and setting up sales channels in more than 70 countries. Unique chemical Vac
Slide 17: Foils Application Markets
Foils Application Markets Hot Stamping Cold Foils Foils Greeting Cards Labels for daily supplies Gift boxes/package Poster printing Wine/Liquor labels Gift boxes/package Hot Foils Specialty Foils for Plastic Wine/liquor bottles Vehicle license plates Clothing, leather bags Table cloth Bike frame/hel
Slide 18: Breakthrough Cold Foil Launched
Breakthrough Cold Foil Launched Univacco is the world's second-largest producer of cold foils, and the largest in Asia. Launched over a century – Breakthrough foil product - Hot stamping foil Cold foil UNIVACCO | 18
Slide 19: Cold Foil Printing Process
Cold Foil Printing Process Cold Foiling is a fast, cost-effective inline process that works in conjunction with “cold foil unit” on most printing presses. Cold Foil Unit UNIVACCO | 19
Slide 20: Cold Foil Benefits Industrial Chain
Cold Foil Benefits Industrial Chain Customer costs Enrich the Apply to have dropped printed-color more printing significantly possibility material 01 Reduce printing time thoroughly 18,000 sheets/hour 02 Reduce material loss (Single workshop/ alignment precisely) 03 Reduce inventory (Apply to more t
Slide 21: Brand & Distribution Strategy
Brand & Distribution Strategy 2020- Get rid of OEM production and choose OBM, a difficult but correct road. 2016-2020 Active + Online 2007-2016 Passive + marketing active 2002-2007 marketing Passive marketing Online marketing 1990-2002 Inception of promotion own brand- In response to the epidemic, U
Slide 22: Trade Shows & Exhibitions
Trade Shows & Exhibitions UNIVACCO | 22
Slide 23: Finance Review
UNIVACCO Finance Review UNIVACCO | 23
Slide 24: Consolidated Revenues
Consolidated Revenues OP Revenue VC Revenue Unit : NT$ million 3,500 3,123 2,985 3,000 2,763 2,702 2,426 2,428 2,488 2,502 2,500 2,368 2,242 2,366 2,070 2,349 2,000 2,209 2,081 2,045 2,014 2,000 1,896 1,940 1,500 1,809 1,801 1,000 500 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021S BTAX (V
Slide 25: VC Business Performance
VC Business Performance VC Revenue VC consolidated GM VC Sales Quantity Unit : NT$ million Unit : Million SQM 3,500 550 479 448 431 3,000 429 450 399 381 2,500 2,366 2,349 2,209 350 2,014 2,000 1,940 2,000 250 1,500 150 1,000 31% 27% 27% 29% 28% 26% 50 500 - -50 2016 2017 2018 2019 2020 2021S Exchan
Slide 26: VC Niche products-Cold Foil Revenue
VC Niche products-Cold Foil Revenue Cold Foil Revenue Cold Foil Sales Quantity Unit : NT$ million Unit : Million SQM 1,500 250 203 205 1,250 196 177 200 1,000 1,050 1,057 135 141 993 150 900 750 747 726 100 500 50 250 - - 2016 2017 2018 2019 2020 2021S 37 36 42 45 48 46 Cold Foil-VC % % % % % % Reve
Slide 27: VC Export-Sales Ratio After Listing
VC Export-Sales Ratio After Listing OEM→OBM Domestic sales→Export Export Domestic… Export Revenue Unit: NT thousands 200% 2,500,000 2,189,345 180% 2,000,000 160% 1,500,000 140% 1,000,000 120% 100% 500,000 80% - 60% -500,000 40% -1,000,000 20% 0% -1,500,000 2007 2008 2009 2010 2011 2012 2013 2014 201
Slide 28: Consolidated Revenue by Region
Consolidated Revenue by Region 13% 23% 38% 13% 36% 26% Taiwan 14% 12% 14% Taiwan 11% Others Others Europe Europe China China America America 2020Y 2021S Data: Univacco consolidated revenue in 2020and 2021S. Note: Gray zone represents the revenue of other Asia countries, Oceania, and Africa. | PAGE 2
Slide 29: Consolidated Income Statement(yr)
Consolidated Income Statement(yr) 2021S 2020S Diff YoY Operating revenue 2,070,270 1,782,579 287,691 16% Operating costs (1,455,445) (1,245,271) (210,174) 17% Gross profit (loss) from operations 614,825 537,308 77,517 14% Gross margin 29.70% 30.14% Operating expenses (336,899) (308,721) (28,178) 9%
Slide 30: Consolidated Income Statement(q)
Consolidated Income Statement(q) 2021Q3 2021Q2 QoQ 2020Q3 YoY Operating revenue 741,320 690,199 51,121 652,129 89,191 Operating costs (511,772) (488,375) (23,397) (453,280) (58,492) Gross profit (loss) from operations 229,548 201,824 27,724 198,849 30,699 Gross margin 30.96% 29.24% 30.49% Operating
Slide 31: Consolidated Balance Sheet
Consolidated Balance Sheet 2021/9/30 2020/12/31 2020/9/30 Selected Asset Items Cash 447,040 515,756 375,563 Accounts Receivables 592,027 509,809 524,353 Inventory 581,687 478,217 446,411 Fixed Assets/Intangible Assets/Right-of- use Assets 1,458,357 1,429,987 1,428,930 Other Assets 327,323 267,561 32
Slide 32: Cash Flow
Cash Flow Unit: In Thousands of New Taiwan Dollars 2021S 2020Y 2019Y Cash Flow from Operations 185,596 242,645 531,831 Cash Flow from Investing (182,015) (110,848) (288,076) Cash Flow from Financing (64,927) 11,896 (234,112) Effect of Exchange Rate Change (7,370) 368 (7,465) Net Increase in Cash (68
Slide 33: Earnings & Dividends
Earnings & Dividends EPS(NTD/Share) Dividend (NTD/share) Distribution Yield Unit：% Unit：NTD/Share 5 350% 294% 4.5 300% 4 250% 200% 3.5 150% 3 81% 91% 78% 73% 75% 100% 2.5 2.2 2.21 50% 2 1.85 1.53 1.6 1.65 1.54 0% 1.5 1.4 1.5 1.2 -50% 1 -100% 0.5 0.5 0.17 -150% 0 -200% 2015 2016 2017 2018 2019 2020 N
Slide 34: Future Plan & Corporate Governance
Future Plan & Corporate Governance UNIVACCO | 34
Slide 35: Focus on Core Business
Focus on Core Business Actively participate Strengthen global the global trade sales channels and shows & exhibitions cooperate with large to promote global printing UNIVACCO houses brand name Chemical Formula, Vacuum metallizing, Precision coating “Core Technology” Expand production Continue to R&D
Slide 36: Enlarge Vacuum Coating Industry
Enlarge Vacuum Coating Industry The value of OBM has been revealed, the revenue of company has grown rapidly. Implement the intellectualization manufacturing to strengthen the advantages in the industry. Labor costs in China has increased gradually and it is difficult to against R&D technology. Inve
Slide 37: UNIVACCO and SUSTAINABILITY
UNIVACCO and SUSTAINABILITY UNIVACCO | 37
Slide 38: Environmentally Friendly
Environmentally Friendly We not only focus on providing high- quality foil products, but also following to the company-wide ethical principles of integrity, pragmatism, gratitude, and appreciation guide our development and form the foundation all of our policies, and specifically on sustainability.
Slide 39: CSR Report
CSR Report • Release CSR Report since 2013 • Since 2015, Univacco has been among the top 20% Taiwan OTC listing companies in “Corporate Governance Performance Review” UNIVACCO | 39
Slide 40: Responding to Global Sustainability
Responding to Global Sustainability Univacco actively commits to the 2030 Sustainable Development Agenda and its Sustainable Development Goals (SDGs) as outlined by the United Nations. • Focus on the following eight goals in 2020 UNIVACCO | 40
Slide 41: Producing Sustainably
Producing Sustainably Quality Management Environmental Management Energy Management ISO 9001:2015 ISO 14001:2015 System ISO 50001:2018 Occupational Health Greenhouse Gas Product Carbon Footprint and Safety Assessment Series Management ISO 14067:2018 ISO 45001:2018 ISO 14064-1:2018 UNIVACCO | 41
Slide 42: Green Materials
Green Materials Towards the development of green products, environmentally friendly formulations and coating technology 04 03 Water-based resin (VOC free) 02 Environment friendly 01 Halogen solvent free 2021 High solid • 14 products are introduced content coating • Increase the proportion of technol
Slide 43: Minimizing & Avoiding Waste
Minimizing & Avoiding Waste We eliminate waste in all steps across the manufacturing, slitting, and shipping processes. Implementing a solvent Using RTO/RRTO recycle Piloting the reusable roll recycled and reused combustion packing methods process UNIVACCO | 43
Slide 44: Recyclability and Deinkability
Recyclability and Deinkability A hot stamping foil/cold foil provided by Univacco has been certified in the highest level of deinkability by INGEDE. • Large areas of stamping foil coverage can be removed through the deinking process • Hot/cold foil used on recyclable materials can be completely remo
Slide 45: Compostability and Biodegradability
Compostability and Biodegradability Univacco Technology Inc. has gained a DIN CERTCO certificate for hot stamping foil, confirming that as an additive that is safe for the composting process. European Standard EN13432 North America Standard ASTM D6400 After decomposition, substrates decorated by
Slide 46: Univacco Technology Inc. 3303.TWO
Univacco Technology Inc. 3303.TWO www.univacco.com UNIVACCO | 46