Evergreen Steel Corporation · TWSE:2211
Evergreen Steel — Evergreen Steel Online Investor Conference (December 2022)
22 slides from Evergreen Steel's conference presentation, Dec 20, 2022
Slide 1: Evergreen Steel Online Investor Conference
STOCK CODE: 2211 Evergreen Steel Online Investor Conference DECEMBER 20, 2022
Slide 2: Disclaimer
Disclaimer EGST (the “Company”) is not responsible for updating or revising any information in this presentation, including all forward-looking insights, when new events or situations occur. Investors should treat the forward-looking insights in the preceding paragraph as flexible information th
Slide 3: Agenda
Agenda • Performance and Development of the 1 Steel Structure Business • Performance and Development of the 2 Reinvestment Business • Consolidated Financial Overview 3 • Q&A 4 2
Slide 4: Performance and Development of the Steel Structure Business
Performance and Development of the Steel Structure Business 3
Slide 5: Steel Structure Business Performance – Erection Volume Breakdown
Steel Structure Business Performance – Erection Volume Breakdown Breakdown of the Steel Structure Erection Volume in the Past Year Erection Volume 30,000 25,000 20,000 Unit: Ton 15,000 10,000 5,000 - JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2021 2022 4
Slide 6: Steel Structure Business Performance – Order Breakdown
Steel Structure Business Performance – Order Breakdown New Orders Current Orders (Between January, 2021 and (As of September, 2022) September, 2022) Item Tons Ratio Item Tons Ratio Factories 58,766 33% Factories 89,942 38% Buildings 121,433 67% Buildings 143,782 62% Total 180,199 100% Total 233,724
Slide 7: Steel Structure Business Development
Steel Structure Business Development • In the short term, the deteriorating economy, high inflation, and high prices have caused companies planning to build new facilities to postpone these projects until costs drop. Therefore the demand for steel structures has reduced. • In regard to public constr
Slide 8: Performance and Development of the Reinvestment Business
Performance and Development of the Reinvestment Business 7
Slide 9: Reinvestment Business Details
Reinvestment Business Details (1) Hsin Yung Enterprise Corporation: Mainly disposes of domestic garbage in Taoyuan City, collects general and industrial wastes, and sells the power generated from waste processing. (2) Super Max Engineering Enterprise Co., Ltd.: Mainly processes hazardous industrial
Slide 10: Hsin Yung Business Overview
Hsin Yung Business Overview Waste Intake 450,000 400,000 Intake Disposal Year 350,000 Unit: Ton (ton) (ton) 300,000 250,000 200,000 2019 429,329 427,231 150,000 100,000 50,000 2020 426,652 427,119 0 2019 2020 2021 First 3 quarters of 2022 2021 408,919 415,340 Waste Disposal First 3 quarters 305,107
Slide 11: Hsin Yung Business Overview
Hsin Yung Business Overview Power Generated Power 300,000 Power Sold Ratio Year Generated 250,000 Unit: MWh (MWh) (%) (MWh) 200,000 150,000 2019 265,395 230,269 86.76 100,000 50,000 2020 260,582 224,944 86.32 0 2019 2020 2021 First 3 quarters of 2021 252,595 216,728 85.80 2022 First 3 Power Sold qua
Slide 12: Hsin Yung Future Prospects
Hsin Yung Future Prospects Hsin Yung is currently executing the temporary waste processing contract signed with the Department of Environmental Protection of Taoyuan City on October 9, 2021. Hsin Yung has completed the price negotiation for the follow-up 10+5 year contract, which also already been
Slide 13: Super Max Engineering Business Overview
Super Max Engineering Business Overview Waste intake and disposal for the past 3 years Unit: Ton Year 2019 2020 2021 First 3 quarters of 2022 Waste Intake Disposal Intake Disposal Intake Disposal Intake Disposal Annual 21,760 21,594 22,314 22,042 20,474 21,228 13,634 14,678 Statistics 25000 20000 Un
Slide 14: Super Max Engineering Future Prospects
Super Max Engineering Future Prospects In response to the government’s emissions reduction policy, Super Max continues to improve its air pollution prevention and promote capabilities and increase its waste disposal capacity. Super Max’s new incinerator is expected to complete testing and gain c
Slide 15: Ever Ecove Future Prospects
Ever Ecove Future Prospects Ever Ecove’s trial run is approaching its end and is expecting to commence commercial operation in Q1 of 2023. Ever Ecove is expected to provide a capacity of 219,000 tons of thermal waste treatment and 49,275 tons of anaerobic digestion per year. It will also accommo
Slide 16: Consolidated Financial Overview
Consolidated Financial Overview 15
Slide 17: Consolidated Financial Overview
Consolidated Financial Overview Evergreen Steel’s Financial Overview for the Past 3 Years Unit: NT$ Thousand First 3 quarters of Item 2019 2020 2021 2022 Operating Revenue 8,268,207 9,349,649 13,608,597 9,127,939 Operating Profit 1,336,124 1,534,312 1,753,938 1,735,087 Net Income After Tax 1,325,9
Slide 18: Consolidated Financial Overview – Sources of Operating Revenue
Consolidated Financial Overview Evergreen Steel’s Sources of Operating Revenue for the Past 3 Years Unit: NT$ Thousand First 3 quarters of Company Name 2019 2020 2021 2022 EGST 6,109,403 7,263,895 11,614,440 7,434,931 Reinvestment 2,158,804 2,085,754 1,994,157 1,693,008 Business Total 8,268,207 9,
Slide 19: Consolidated Financial Overview – Sources of Net Profit
Consolidated Financial Overview Evergreen Steel’s Sources of Net Profit for the Past 3 Years Unit: NT$ Thousand First 3 quarters of Company Name 2019 2020 2021 2022 EGST 356,517 448,934 747,899 1,566,730 Reinvestment 590,920 594,715 530,361 523,034 Business Net Profit for the 947,437 1,043,649 1,2
Slide 20: Consolidated Financial Overview
Consolidated Financial Overview Financial performance Q3, 2022 and YoY comparison of Evergreen Steel Unit: NT$ Thousand Item Q3, 2022 Q3, 2021 Difference Ratio Operating Revenue 2,411,077 3,432,910 (1,021,833) (29.77%) Operating Profit 598,023 534,912 63,111 11.80% Net Income After Tax 655,574 576
Slide 21: Thank You
EE Thank You
Slide 22: Q&A
Q&A
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