St.shine Optical Co., Ltd. · TPEX:1565

St.shine Optical — Investor Presentation (November 2019)

35 slides from St.shine Optical's investor presentation, Nov 21, 2019

  1. Slide 1: Chairman Ming-Hsien Chen

    Chairman Ming-Hsien Chen 1

  2. Slide 2: Disclaimer

    Disclaimer • This presentation contains forward-looking statements and these forward-looking statements are subject to risks, uncertainties and assumptions. The unexpected circumstances arise may cause the differences between the actual results and the company’s expectations. • The forward-looking s

  3. Slide 3: Contents

    01 About Company 02 Industry Overview 03 Business Overview 04 Planning and Perspective 05 Opportunities and Challenges CONTENTS 06 Products introduction

  4. Slide 4: 1. About Company

    1. About Company

  5. Slide 5: Company Profile

    Company Profile Business model OBM for Taiwan、 ODM/OEM for Overseas markets Focus markets Taiwan、Japan、USA、Europe、China Profile Establishment：1986 Main Product：Disposable Contact Lens Capacity：1 billion pieces Employees：Over 3,500 Foreign Ownership：45.25% (2019.4.14)

  6. Slide 6: Events

    Events 1986 Establishment of St.Shine Optical 1992 Aspheric Multifocal lens production 1997 Cast-mold production line for spherical GMP Certification 1999 Multifocal lens product Daily disposable lens production 2004 Public listing in Taiwan Stock Exchange 2010 Daily disposable cosmetic lens product

  7. Slide 7: Production Sites

    Production Sites Factory I Factory II Factory III Factory IV Factory V Factory VI Logistic

  8. Slide 8: Worldwide Activities

    Worldwide Activities UK Russia Canada Holland South Belgium Turkey China Korea USA Germany Greece Japan Italy Spain Mexico Israel Taiwan Saudi Hong Arabia India Kong Malaysia Singapore Indonesia Brazil Australia and NZ

  9. Slide 9: OEM and ODM Brands Overseas

    OEM and ODM Brands Overseas Japan China USA Europe Specsavers

  10. Slide 10: 2. Industry Profile

    2. Industry Profile

  11. Slide 11: Worldwide Contact Lens Markets - by region

    Worldwide Contact Lens Markets - by region Total market size：USD 8.5 billion (CAGR 4~6%) Asia 30% America 43% Europe 27% 2018FY Source ：St. Shine Estimated

  12. Slide 12: Worldwide Contact Lens Markets - by function

    Worldwide Contact Lens Markets - by function Cosmetic 11% Multifocal 11% Spherical 52% Toric 26% 2018FY Source ：St. Shine Estimated

  13. Slide 13: Worldwide Contact Lens Markets - by brand

    Worldwide Contact Lens Markets - by brand B&L Other 8% 7% Cooper J&J 23% 39% Alcon 23% 2018FY Source ：St. Shine Estimated

  14. Slide 14: Worldwide Contact Lens Markets - by daily lens penetration

    Worldwide Contact Lens Markets - by daily lens penetration America Europe Asia 65% 65% 66% 63% 60% 52% 53% 50% 48% 46% 44% 41% 36% 30% 28% 2014年 2015年 2016年 2017年 2018年 Source ：St. Shine Estimated

  15. Slide 15: Taiwan Import/Export CL volume in past years

    Taiwan Import/Export CL volume in past 5 years unit：thousand pcs Import Export 1,324,521 1,105,166 875,164 745,771 647,666 266,090 219,384 250,536 197,913 196,945 2014年 2015年 2016年 2017年 2018年 Source：Directorate General of Customs

  16. Slide 16: Competitions

    Competitions Overseas Taiwan • St. Shine Optical (1986) • USA - J&J、Alcon、 • Unicon (1992) Cooper Vision • Hydron (1995) - Ginkno • Canada - B&L • Visco (1998) - BenQ Materials • Spain - Mark'ennovy • I-See Vision (1999) • Japan - Seed、Menicon • Innova (2000) - Unicon • Korea - Bescon(B&L)、Interojo、

  17. Slide 17: 3. Business Overview

    as anne EID 3. Business Overview

  18. Slide 18: Company Sales

    Company Sales Unit：million NTD 6,676 6,458 6,418 5,860 5,411 5,222 4,169 3,459 3,099 2,392 2009年 2010年 2011年 2012年 2013年 2014年 2015年 2016年 2017年 2018年

  19. Slide 19: Sales Volume

    Sales Volume Unit：thousand pcs 822,985 775,633 727,360 662,753 598,134 576,035 464,190 373,177 303,971 200,306 2009年 2010年 2011年 2012年 2013年 2014年 2015年 2016年 2017年 2018年

  20. Slide 20: Export Volume

    Export Volume Unit：thousand pcs Total Export St.Shine Export 1,324,521 1,105,166 875,164 746,091 764,241 718,169 647,666 654,420 553,814 564,267 450,540 500,323 457,031 323,326 366,818 191,125 246,965 270,260 228,372 159,185 2009年 2010年 2011年 2012年 2013年 2014年 2015年 2016年 2017年 2018年 Source：Director

  21. Slide 21: EPS and Dividends

    EPS and Dividends EPS Cash dividend unit：dollar NTD 35.26 33.07 31.70 31.20 31.52 28.88 27.00 26.50 25.00 23.96 23.85 23.50 22.50 21.16 17.30 17.50 15.50 14.50 12.38 10.50 2009年 2010年 2011年 2012年 2013年 2014年 2015年 2016年 2017年 2018年 Payout ratio：70~85%

  22. Slide 22: ROE

    ROE 45.29 40.37 40.75 37.99 38.26 36.38 32.60 31.00 30.07 29.78 2009年 2010年 2011年 2012年 2013年 2014年 2015年 2016年 2017年 2018年

  23. Slide 23: Production Lines Expansion

    Production Lines Expansion Total lines 78 70 58 44 34 26 18 12 2006年 2007年 2010年 2011年 2013年 2014年 2018年 2019年

  24. Slide 24: Foreign Investor Ownership

    Foreign Investor Ownership 67% 57% 55% 51% 49% 49% 47% 45% 45% 40% 2010年 2011年 2012年 2013年 2014年 2015年 2016年 2017年 2018年 2019年 source：Last date for suspension of share transfer for a shareholders meeting. 24

  25. Slide 25: 2019 Q3 Financial Result

    2019 Q3 Financial Result Unit：thousand NTD Accounts Title Q3 Q1-Q3 % YoY Operating revenue 1,572,752 100% 4,768,542 100% 4% Gross profit from operations 493,303 31% 1,586,313 33% Operating expenses (123,936) (8%) (368,023) (8%) Selling expenses (59,005) (4%) (176,323) (4%) Administrative expenses (4

  26. Slide 26: 4. Planning and Perspective

    i My fe ne HE 4. Planning and Perspective

  27. Slide 27: Competitive Advantages

    Competitive Advantages Innovative Development Capability • Lens design, material R&D, and manufacturing process development Professional State-of-the-Art Regulatory Support Technology • ISO, GMP, CE, MDSAP • Efficient, stable auto- certified manufacturing processes • TFDA, China FDA and • Flexible p

  28. Slide 28: Planning and Perspective

    Planning and Perspective Growth Goal Capacity Planning -Introducing new products for Strive orders actively to raise existing customers to expand utilization rate their product lines -Higher growth rate than R&D -Improving production efficiency of industry average growth rate silicone hydrogel -Deve

  29. Slide 29: 5. Opportunities and challenges

    5. Opportunities and challenges

  30. Slide 30: Opportunities and Challenges

    Opportunities and Challenges Growth Momentum Main-Stream Products • Aspheric daily-> Growing market in America and stable market in Asia and EU Threat/Competitions • Color daily-> Asia 成 • International brands are deeply ⻑ Potential Products rooted in EU and US markets 競 動 • Toric-> US and EU market

  31. Slide 31: 6. Products introduction

    we; anne EID . Products introduction

  32. Slide 32: Myopia control lens for Children

    Myopia control lens for Children A kind of aspheric lens which can reduce Introduction pressure of the eyes from watching near and far distance for a long period of time. By wearing this lens constantly, children’s myopia progression can be controlled or even improved. This product is different from

  33. Slide 33: New Product-Ticon光漾瞬間

    New Product-Ticon光漾瞬間

  34. Slide 34: Own Brand Products

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