National Aerospace Fasteners Corporation · TWSE:3004
National Aerospace Fasteners — NAFCO Investor Conference 2019
26 slides from National Aerospace Fasteners's conference presentation, Nov 27, 2019
Slide 1: NAFCO Investor Conference
NAFCO Investor Conference 2019.11.27 NAFCO 1
Slide 2: Disclaimer
Disclaimer • This presentation and release contain “forward -looking statements” which may include projections of future results of operations, financial condition or business prospects based on our own information and other sources. • Our actual results of operations, financial condition or busines
Slide 3: Agenda
Agenda Company & Business Introduction 01 by President Alvin Lin 02 Financial Performance by Chris Lee 03 Q&A NAFCO 3
Slide 4: Company & Business Introduction
Company & Business Introduction President Alvin Lin NAFCO 4
Slide 5: Company Introduction
Company Introduction Year of Establishment：1997 Year of IPO：2002 Capital：NT$520M Sites：Taiwan(Tao-yuan)、China( Kunshan ) Number of Employees：778 Revenue：2018 Consolidated Revenue NT$2.27B Products：Aerospace Engine Fasteners、Aerospace Machining Parts、Automobile Fasteners NAFCO 5
Slide 6: Aerospace Products
Aerospace Products NAFCO 6
Slide 7: Aerospace Products & Application (I)
Aerospace Products & Application ( I ) 風扇和助推器主模組 核心模組 低壓渦輪模組 高壓壓縮器 燃燒室 高壓渦輪 變速器主模組 NAFCO 7
Slide 8: Aerospace Products & Application (II)
Aerospace Products & Application ( II ) NAFCO
Slide 9: Automobile Products & Application
Automobile Products & Application Inserts Intake Brass Inserts Tailgate Manifold Rivet Nuts Frontend Carrier V band Chassis clamp Self-Lock Nuts NAFCO 9
Slide 10: Aerospace Products Development
Aerospace Products Development More than 5,000 approved parts > 5000 1200 1000 800 836 600 404 323 400 125 165 200 59 46 0 // 2004 2005 2006 2007 2008 2009 2010 2016 2019 NAFCO 10
Slide 11: Our Partner
®i@) GE Aviation S SAFRAN AvioAero?) MOOG (44«mNEe AIRCRAFT ENGINES S$ Ssarran “4QQU> AERO BOOSTERS GKN Aerospace @ AIRBUS _ {f Rolls-Royce J Triumph Group UNISON « MTU S SA FRAN wo we RD MAHLE STANLEY. KEIHIN CEXNSATD 0D PLASTIC OMNIUM < NAFCo — — — 5
Slide 12: 2017Q1~2019Q3 Sales Revenue
2017Q1~2019Q3 Sales Revenue Unit：NT$ Million The first three quarters of 2019 increased by 30.1% compared with the same period of 2018. NAFCO 12
Slide 13: Market Trend
Market Trend The supply chain with a production value of 100 billion in the next 20 years will move to Asia Market demand Market demand Market trends 2019-2039年 Global passenger Market demand New aircraft orders growth in 6% in and supply chain 2018 move to Asia 44,000 3.5% 45% Average growth in the
Slide 14: Engine market share
Engine market share CFM Market share PW Market share 1st 2nd (GE+ Safran Aerocraft Engine) NAFCO 14
Slide 15: Aerospace fastener market demand
Aerospace fastener market demand North AmericaAerospace fastener demand reaches US$1.14B in 2018 & 2019 NAFCO 15
Slide 16: Aerospace fastener market demand
Aerospace fastener market demand Superalloys WASPALOY Titanium INCONEL 718 Airframe/Engine MP 159 - Material Engine Airframe Aluminum Engine Aircraft interiors Steel A286 M152 NAFCO 16
Slide 17: Strategy and Development
Strategy and Development Vertical Integration Special Sub Automatic Forming Machining AOI process Assembly packaging Production Intelligent Process optimization： automation manufacturing Expand Product Range Small size forging products NAFCO 17
Slide 18: Financial Performance
Financial Performance Chris Lee / Finace Director NAFCO 18
Slide 19: 2019Q1~Q3 Products Profile (Consolidated)
2019Q1~Q3 Products Profile (Consolidated) Unit : NT$ Thousands Product Amount % Aerospace fasteners 1,260,806 60% Aerospace machining component 674,246 32% Automotive fasteners 171,933 8% TTL 2,106,985 100% NAFCO 19
Slide 20: Consolidated Operation Revenues & Gross Profit
Consolidated Operation Revenues & Gross Profit Unit: NT$ Thousands NAFCO 20
Slide 21: Consolidated Operation Income & Net Income
Consolidated Operation Income & Net Income Unit: NT$ Thousands NAFCO 21
Slide 22: Consolidated Income Statement
Consolidated Income Statement Unit: NT$ Thousands Item 2017 2018 2019Q3YTD Operation Revenues 1,748,048 2,279,430 2,106,985 Gross Profit 490,768 704,523 642,796 Gross Profit % 28% 31% 31% Operation Income 246,641 362,631 364,371 Icome Before Tax 233,845 388,140 358,640 Net Income 185,140 301,004 270
Slide 23: Capital Expenditures
Capital Expenditures Unit: NT$ Thousands NAFCO 23
Slide 24: Consolidated Assets, Liabilities and Equity
Consolidated Assets、Liabilities and Equity NAFCO 24
Slide 25: Q & A
Q&A NAFCO 25
Slide 26: Thank you
Thank you NAFCO Investor Conference NAFCO 26
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