Cryomax Cooling System Corp. · TWSE:1587
Cryomax Cooling System — Investor Presentation (December 2019)
26 slides from Cryomax Cooling System's investor presentation, Dec 25, 2019
Slide 1: Investor Conference
Cryomax Cooling System Corp. Investor Conference Stock Code 1587
Slide 2: Disclaimer
Disclaimer • This presentation contains insights into future operations. Opinions of future operations are based on many assumptions. Some of them are likely to be beyond the company’s control such as changes of economy trend. Therefore, forecasts mentioned in the report may have risks and uncertain
Slide 3: Agenda
Agenda I Company Profile II Operation Overview III Us-China Trade War IV Financial Results V Future Prospect
Slide 4: I Company Profile
I Company Profile
Slide 5: Company Profile
Company Profile Company Name Cryomax Cooling System Corporation Company No.28 Gongqu Rd., Fangyuan Township, Changhua County , address Taiwan Established on August 22, 1984 Paid-in Capital TWD NT $673,566,180 Employees 589 employees Chairman Andy Liu President Andy Liu Specializes in manufacturing,
Slide 6: Milestones
Milestones 1984 Formation of Cryomax, start the production for copper radiator 1994 Approval from Military, and start supplying for military vehicles including Hummer 1999 Establishment of complete Aluminum Radiator Manufacturing Establishment of China Factory (in Dongguan) 2006 Establishm
Slide 7: Organization
Organization Cryomax Group Cryomax Taiwan Cryomax DongGuan Cryomax Nanjing Cryomax USA Date of Establishment: Date of Establishment: Date of Establishment: Date of Establishment: 8-22-1984 04-10-2006 05-29-2013 05-15-2006 Headquarter Tooling Center and R&D Department Manufacturing Center Marketing C
Slide 8: Product - Radiators
Product - Radiators PASSENGER CAR RADIATOR: Plastic-Aluminum/copper/aluminum OIL COOLER: plate / Concentric oil cooler/ motor oil cooler TRUCK/HEAVY DUTY/BUS RADIATOR: copper/aluminum INDUSTRIAL RADIATOR: Copper/aluminum, oil/water/gas transmission oil cooler HEATER EXCHANGER INVERTER EXTERNAL OIL C
Slide 9: Production – Mold and Tooling
Production – Mold and Tooling Major Production of Mold and Tooling Injection Mold Stamping Tooling Professional Molding Factory Stamping Tooling Injection Mold 5
Slide 10: Product Variety
Product Variety Owned over 3,500 molds Product coverage can go up to 5,000 items 6
Slide 11: II Operation Overview
II Operation Overview
Slide 12: Operation Overview
Operation Overview Original design and Manufacture (ODM) • DENSO Vehicle • MAHLE BEHR Assembly • VALEO Original Equipment Manufacturing (OEM) Auto Parts Market Original Equipment Sold (OES) Repair Service Cryomax After Market(AM) 7
Slide 13: Cryomax Market’s Position
Cryomax Market’s Position S u p p l i e r DENSO High Price (OES) Middle Price (AM) DENSO/Cryomax Low Price Competitors in China (AM) /Cryomax 8
Slide 14: Cryomax Market’s Situation
Cryomax Market’s Situation Price Supplier Market Situation •Cryomax provides 2/3 radiators of DENSO’s all products •Cryomax is certified by TOYOTA High Price DENSO USA OES (OES) •Became the aluminum and HD radiator partner with a famous German OE client Explore the market for high-quality Middle req
Slide 15: Cryomax’s Core Competitiveness
Cryomax’s Core Competitiveness Long-term Cryomax participates in Quality、Delivery Partnership global network of DENSO • One stop production(in house) → Delivery time advantages. • Self-made components and molds →Quality advantages. 10
Slide 16: III Us-China Trade War
III Us-China Trade War
Slide 17: Reactions and Prospect of US-China Trade War
Reactions and Prospect of US- China Trade War Capacity Products Clients Market Manufacturing plant vs. Logistic America、Europe、Asia… 11
Slide 18: Global Distribution Network
Global Distribution Network European Cryomax Market NanJing US Market Cryomax USA- VA Cryomax DongGuan Cryomax USA- LA Southeast Cryomax Taiwan Asian Market Argentina Market 12
Slide 19: Latest Comparison of Operating Revenues and Gross Profit
Latest Comparison of Operating Revenues and Gross Profit 13
Slide 20: Operating Revenue Contribute by DENSO
Operating Revenue Contribute by DENSO Currency: TWD NT Thousands；% 2018 2019 Change (Jan-Sep) (Jan-Sep) DENSO 268,695 208,076 -60,619 Cryomax 1,036,424 1,131,021 94,597 % occupied by 26% 18% -8% DENSO 14
Slide 21: IV Financial Results
av, Financial Results
Slide 22: Financial Results
Financial Results Currency: TWD NT Thousands；% Year 2016 2017 2018 Sep 2019 Item Operating revenue 1,475,362 1,353,380 1,460,985 1,131,021 Gross profit (loss) 356,073 288,272 326,134 254,255 Gross Margin (%) 24.13% 21.30% 22.32% 22.48% Net operating 73,246 31,995 46,475 17,088 income (loss) Operatin
Slide 23: Regional Revenue Ratio
Regional Revenue Ratio 70 60 50 % 40 30 20 10 0 2016 2017 2018 Nov-19 U.S. Taiwan Europe Asia Other 2016 2017 2018 Nov 2019 NT$ 000 % NT$ 000 % NT$ 000 % NT$ 000 % U.S. 805,539 55 683,718 51 825,356 56 829,373 60 Taiwan 298,380 20 295,161 22 277,205 20 235,270 17 Europe 132,534 9 116,452 9 109,084 7
Slide 24: V Future Prospect
V Future Prospect
Slide 25: Reactions and Prospect for 2020
Reactions and Prospect for 2020 • Products：Truck Radiators、Condensers • Application：Integrate skill advantages of the cooling system and apply it to other fields • Clients：Establish partnership by outstanding quality、 service and delivery time Manufacture Radiator、 Condenser Original Design Assembly
Slide 26: Thank you
Thank you
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