Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — Q1 2025 Earnings Presentation
19 slides from Eternal Materials's earnings presentation, May 16, 2025
Slide 1: Eternal Materials
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Slide 2: 2025 First Quarter Earnings Conference
2025 First Quarter Earnings Conference Speaker : B.C. Liu, Spokesman / CFO Date : 2025/05/16
Slide 3: Agenda
Agenda 1. Profile 2. 1Q25 Financial results 3. Key messages 4. Q&A
Slide 4: Profile
Profile
Slide 5: Profile
Profile Chairman Allen K. L. Kao Core Business Manufacturing, processing and sales Overall Sales Founding Employees Revenue Taiwan 5 Chi na 14 1964 4,885 USD$ 1,376 Production Sites million US A 1 25 T ha i l a nd 1 Headcounts of Researcher R&D expenditures N ot e s 1 : Number of Employees on Ja pa
Slide 6: Development Milestones
Development Milestones Resins UV LED Equipment SYNTHETIC RESINS MONOMER OPTICAL FILM VACUUM LAMINATOR COATING ADHESIVE OLIGOMER Wet CHEMICAL for PCB/ICS UNSATURATED UV COATING POLYESTER 1985 2000 2008 2016 1964 1989 2004 2013 2020+ PCB IC New Materials Biomaterials CCL EMC MATERIALS for SOLAR IN VIT
Slide 7: Global Production Sites
Global Production Sites Central North Northeast Japan (2) USA (1) China(1) China (1) China(1) Kodama Virginia Aichi Hubei Tianjin Yingkou Southwest Taiwan (5) China (2) Italy (1) Kaohsiung(3) Chengdu Pingtung Milan Chongqing New Taipei Global Production Sites 25 Thailand (1)
Slide 8: Global Service Network
Global Service Network Central China(3) North Northeast Korea(1) USA(1) Changsha China(2) China(1) Suwon Virginia Wuhan Tianijn Yingkou Hubei Japan(2) Italy (1) Southwest Yokohama Milan China(3) Chengdu(1) India(1) Chong qing(2) Taiwan (5) Mumbai Kaohsiung(1) Chungli(2)
Slide 9: 2024 Product Lines Sales Ratio
2024 Product Lines Sales Ratio Electronic Materials 25.53% Resins Materials 47.71% Dry Film Photoresist Dry Film Solder Mask Alkyd Resin、Solvent-Based UV INK Acrylic Coating Resin Dry Film Photosensitive Polyimide Water-Based Acrylic Coating Resin Liquid Polyimide Material Acrylic Re
Slide 10: Annual Sales Distribution and 2024 Regional Markets Sales Ratio
Annual Sales Distribution (In the recent 5 years), 2024 Regional Markets Sales Ratio Unit : USD million Europe & Other 7% 2000 1800 1,802 1,645 Africa 1% 1600 1400 1,299 1,363 1,376 Middle East 1% 1200 1,116 973 1000 800 799 826 809 Northeast Asia 6% 600 469 472 395 432 400 200 339 160 217 200 142
Slide 11: 1Q25 Financial results
1Q25 Financial results
Slide 12: Financial Information-Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices 2025Q1 2024 2023 Unit：TWD Millions Amount % Amount % Amount % Cash and cash equivalents 7,925 13 8,370 13 7,624 13 and current financial assets Accounts receivable 15,206 24 15,447 25 15,213 26 Inventories 8,834 14 8,533 14 8,479 14 Financial assets
Slide 13: Financial Information-Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income 2025Q1 2024 2023 Unit：TWD Millions Amount % Amount % Amount % Operating Revenue 10,061 100 44,191 100 42,452 100 Gross profit 2,054 20 8,824 20 8,147 19 Operating expenses (1,606) (16) (6,655) (15) (6,232) (15) Operating Income 448 4 2,170 5 1
Slide 14: Financial Information-Cash Flow Statements
Financial Information-Cash Flow Statements 2025Q1 2024 2023 Unit：TWD Millions Amount Amount Amount Cash and cash equivalents at the 7,103 6,382 5,451 beginning of the year Cash flows from operating 546 4,612 6,514 activities Acquisition of property, plant (1,037) (3,587) (3,149) and equipment Increa
Slide 15: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit：TWD Millions Sales 1Q25 y/y q/q 營收 1Q24 2Q24 3Q24 4Q24 1Q25 Sales 10,021 11,570 11,334 11,267 10,061 Sales +0.4% -10.7% GP 毛利 1Q24 2Q24 3Q24 4Q24 1Q25 Gross -5.1% -7.3% Profits GP 2,164 2,198 2,246 2,216 2,054 GPM 21.6% 19.0% 19.8% 19.7% 20.4% 15
Slide 16: Performance by Segment
Performance by Segment TWD Millions 1Q Sales 1Q Operating Profits Sales % Others High Performance Materials Electronic Materials y/y q/q y/y q/q Resin Materials 0% 0% 0% 1% 26% 27% 27% 26% Resin Materials 4,738 +1.1% -13% 197 +52% +48% 26% 25% 25% 26% Electronic 2,662 -0.9% -5% 162 -45% -13% Materia
Slide 17: Recap of Recent Major Events
Recap of Recent Major Events
Slide 18: Recap of Recent Major Events
Recap of Recent Major Events Eternal Materials Board of Directors approved to repurchase treasury shares . (2025/05/09) 18
Slide 19: Eternal Materials
RH 4 ETERNAL MATERIALS Elements of Infinite Possibilities