China Motor Corporation · TWSE:2204
China Motor — H1 2024 Earnings Presentation
21 slides from China Motor's earnings presentation, Aug 26, 2024
Slide 1: China Motor Corporation 2024/Q2 Investor Conference
China Motor Corporation 2024/Q2 Investor Conference (Ticker Symbol ：2204) Presenter: Ching-Wu Chien Vice President Aug. 26, 2024
Slide 2: Safe Harbor Notice
1 Safe Harbor Notice This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of China Motor Corporation (“CMC”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. For
Slide 3: Agenda
2 1 CMC's Operating Results in 2024 1H CMC's Brand Operating Results& Operating 2 Overview 3 ESG Achievement Local Supply Chain Collaboration Value Ratio 4 Policy Response 5 Q&A
Slide 4: CMC's Operating Results in 2024 1H
3 CMC's Operating Results in 2024 1H
Slide 5: Cumulative sales growth in 2024 1H
4 CMC's Operating Results in 2024 1H Cumulative sales growth in 2024 1H In 2024 1H, total sales volume in the Taiwan automotive market (including small and large cars) reached 232,513 units , representing a marginal YoY decline 1.0%. Benefiting from the market's recognition of car models, the YOY of
Slide 6: 2024/1~6 Consolidated Income Statement
5 CMC's Operating Results in 2024 1H 2024/1~6 Consolidated Income Statement Unit：Million NTD 2024/1~6 2023/1~6 YOY Revenues 23,886 18,481 29.25% Gross Profit 3,751 2,971 26.25% Gross Profit Margin 15.70% 16.08% -0.38% Operating Income 1,580 1,274 24.02% Non-Op. Income and Expenses 1,439 2,139 -32.73
Slide 7: CMC's Brand Operating Results & Operating Overview
6 CMC's Brand Operating Results & Operating Overview
Slide 8: Future Prospect: Deepen the independent development of key technologies
7 CMC's Future Prospect ：Deepen the independent development of key technologies 3.5-ton electric truck to be launched in 2025 and Deepen six independent development abilities
Slide 9: Future Prospect: Veryca Upgrade in Q4
8 CMC‘s Future Prospect ：Veryca Upgrade in Q4 Independent Develop CMC Veryca Current Highlights of Veryca Veryca Upgrade in Q4 • The maximum load capacity of a wooden • Enlarged car compartment and optimized lathe of the same class is 950 kg. space. • Power improvement and optimization • The only 4W
Slide 10: Future Prospect: Partnered with MMC to develop new car models
9 CMC's Future Prospect ：Partnered with MMC to develop new car models CMC cooperates with MMC to develop and launch new car models to be produced and sold locally 2025~2026 New Car Models
Slide 11: ESG Achievement
ESG Achievement CNC
Slide 12: Form an Electric Logistics ESG Alliance
11 ESG Achievement Form an Electric Logistics ESG Alliance with Large Providers Supporting Smaller Ones CMC collaborates with the government, leveraging E300 and 3.5-ton electric truck, to assist logistics providers in their transformation, creating a low-carbon lifestyle ecosystem and achieving the
Slide 13: ESG Achievement: FTSE4Good and Healthy Workforce Recognition
12 ESG Achievement CMC re-included 「FTSE4Good TIP Taiwan ESG Index」in June 2024 FTSE4Good TIP Taiwan ESG Index recently announced its updated list, and CMC has been reselected this year. CMC believe in not only generating profits but also contributing to society, and continue integrating ESG princ
Slide 14: 20th Anniversary of Hope to Read Project
13 ESG Achievement 20th Anniversary of Hope to Read Project Encourage indigenous children to read and use knowledge to pursue their dreams CMC has supported Hope to Read Project since 2004, now celebrating 20th anniversary. "Hope to Read Project“ adopts 200 primary and secondary schools in remote ar
Slide 15: CMC supports youth entrepreneurship and development
14 ESG 推動成果 CMC supports youth entrepreneurship and development Entrepreneurship is a top choice for many young people. CMC supports youth employment and encourages youth entrepreneurs. • In 2021, CMC launched the eMOVING 'Youth Dealer Franchise Program,' supporting youth entrepreneurs. To date, CMC
Slide 16: Enhance electric vehicle sharing services create green & low-carbon benefits
15 ESG 推動成果 Enhance electric vehicle sharing services create green & low-carbon benefits Oloo has been implemented at five universities.This year, we plan to add Yuan Ze, National Chung Cheng, National Chengchi, and National Kaohsiung University of Science and Technology, promoting sharing habits
Slide 17: Local Supply Chain Collaboration Value Ratio Policy Response
16 Local Supply Chain Collaboration Value Ratio Policy Response
Slide 18: New Policy: New Measures for Introducing Mainland China Automotive Brands
17 New Policy「New Measures for Introducing Mainland China Automotive Brands」 1. Background：On July 30, the Ministry of Economic Affairs announced that starting August 1, the new policy “Measures for Introducing Mainland China Automotive Brands” will be implemented. This policy requires automakers to
Slide 19: Business Strategy Support for the New Policy
18 New Policy「New Measures for Introducing Mainland China Automotive Brands」 Business Strategy Support for the New Policy • CMC adheres two main development focuses: • CMC has been implementing to increase the localization “independent R&D” and “multiple brands”. ratio for MG models and have made gr
Slide 20: Q&A
19 Q&A
Slide 21: Thank you for watching
THANK YOU FOR WATCHING CNC