16 slides from Taiwan Surface Mounting Technology's investor presentation, December 2018
Slide 1: Corporation Presentation
Corporation Presentation 2018 Dec. 0
Slide 2: Basic Profile
Basic Profile TSMT in Brief •Founded : in 1990 •HQ : No.437, Taoying Rd., Taoyuan City, Taiwan •Capital : $USD 100M •Revenue:$USD 0.87B(2017); $USD 0.72B(2018Q3) • Listed:6278.TW •Employees : (2017)8,930;(2018Q3)9,641 •Capacity : 180 SMT lines, 9 Factories (Taiwan ,China & India) •Web‐Site: http://w
Slide 3: TSMT Group Structure
TSMT Group Structure 台表科 (6278.TW) 99.99% 100% 100% 85.24% TSMT(HK) TSMT(BVI) TSMT(SG) 峻泓光電 TSMT(USA) RMIH TSMT(INDIA) 峻泓(香港) RM(BVI) 峻泓(蘇州) RML(HK) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 峻凌電子 峻凌電子 台表科技 峻凌電子 峻凌電子 峻凌電子 寧波永富 峻凌電子 峻凌電子 峻凌電子 (東莞) (蘇州) (蘇州) (廈門) (合肥) (寧波) 貿易公司 (重慶) (咸陽) (成都) 2
Slide 4: EMS Business Model
EMS Business Model _to Provide professional TQMDC Materials: PCB, IC, LED, FPC SMT Process Turnkey Consignment Self-procured Materials provided materials by clients Finished Products Consumer Products (LCD Control Board) 3
Slide 5: Manufacturing Platform in Asia
Manufacturing Platform-in Asia Strategic Co-location with Main Customers Xian Yang He Fei Su Zhou Chong Qing Set up on 2018 Jul Set up on Set up on 員工人數：231人 2010 Jan. 1999 Aug. 員工人數：719人 員工人數：4,332人 Set up on 咸陽 Ning Bo 蘇州 2010 Aug 員工人數：1,096人 合肥 成都 重慶 寧波 Taiwan Xia Men 廈門 Set up on 台灣 2006 Feb. 員工
Slide 6: Manufacturing Platform in India
Manufacturing Platform-in India 新德里 New Delhi 金奈國際機場 (MAA) Mumbai 孟買 清奈 2010Q3 Chennai MWC Mahindra World City 5
Slide 7: TSMT Technology (India) Chennai Factory
TSMT Technology (India) Chennai Factory The TSMT Chennai Manufacturing Facility is located in Zone of Domestic Tariff Area (DTA) , 2010Q3 World City (MWC), Mahindra India’s first integrated business city. Set up on 2017,Q4. Have 5 SMT lines on 2018. 6
Slide 8: Production Capacity & Capability
Production Capacity& Capability capacity (SMT Lines) 生產基地 2014 2015 2016 2017 2018 東莞DG 22 20 20 15 11 蘇州SZ 73 65 65 66 75 寧波NB 22 20 19 12 13 廈門XM 28 30 25 15 12 台灣TW 16 17 17 17 24 合肥HF 5 4 4 8 10 重慶CQ 14 14 15 15 16 咸陽XY - - - - 4 In d ia - - - 2 5 總數 180 170 165 150 170 Economies of scale furthe
Slide 9: Financial Highlights-2017 Annual Results
Financial Highlights-2017 Annual Results (USD’000) 2017 2016 Change Revenue 865,266 931,379 -7.10% Gross profit 69,435 83,429 -16.77% Operating profit 14,538 35,271 -58.78% Net profit 25,334 17,708 43.07% Gross profit margin 8.02% 8.96% -0.94pp Operating profit margin 1.68% 3.79% -2.11pp Net profit
Slide 10: Financial Highlights-2018 Q3 Results
Financial Highlights-2018 Q3 Results (USD’000) 2018 Q3 2017 Q3 Change Revenue 721,667 654,201 10.31% Gross profit 73,870 52,881 39.69% Operating profit 30,426 12,427 144.84% Net profit 11,962 18,865 -36.59% Gross profit margin 10.24% 8.08% +2.16pp Operating profit margin 4.22% 1.90% +2.32pp Net prof
Slide 11: Turnover & Margin Analysis
Turnover & Margin Analysis 350 14.00% 12.47% 300 12.00% 10.02% 10.11% 250 9.59% 10.00% 9.17% 9.26% 8.94% 8.79% 8.38% 8.11% 8.09% 7.80% 7.84% 200 7.56% 8.00% 7.14% 150 292 6.00% 257 263 249 249 226 226 225 229 212 214 217 209 100 200 201 4.00% 50 2.00% ‐ 0.00% 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q201
Slide 12: Financial Position
Financial Position As at 31 Dec 2017 As at 31 Dec 2016 (USD’000) Change (audited) (audited) Total assets 879,675 920,962 -4.48% Net assets 369,077 359,460 2.68% Total borrowings 139,672 141,588 -1.35% Cash and bank balances 248,734 210,243 18.31% Total equity 369,077 359,460 2.68% Gearing Ration* 37
Slide 13: Financial Position
Financial Position As at 30 Sep 2018 As at 30 Sep 2017 (USD’000) Change (reviewed) (reviewed) Total assets 935,368 859,258 8.86% Net assets 366,334 364,914 0.39% Total borrowings 118,073 140,535 -15.98% Cash and bank balances 159,871 229,869 -30.45% Total equity 366,334 364,914 0.39% Gearing Ration*
Slide 14: Finished products - applications
Finished products - applications Control Board 控制板 LED Light Bar 光棒 Touch Controller (Panel driver面板) (back light driver 背光) IC Board Year of launch: Since 2000 Since 2007 Since JULY 2012 Proportion to revenue:(2018/3Q)45% 28% 12% Monthly output: About 15m pcs About 12m pcs About 6m pcs Consumer pro
Slide 15: Finished products - applications
Finished products - applications Touch Controller Control Board (Panel) LED Light Bar IC Board Average selling price: US$2~8 US$0.3~12 US$2~6 Gross profit margin: 8%~11% 8%~9% 9%~10% Major Clients: (85% revenue contribution) 14
Slide 16: Thanks
iia fismtT SSHRARSRERGOSRAA Taiwan Surface Mounting Technology Corp.