Xxentria Technology Materials Co.,ltd · TPEX:8942
Xxentria Technology Materials Co.,ltd — Q3 2022 Earnings Presentation
27 slides from Xxentria Technology Materials Co.,ltd's earnings presentation, 2022
Slide 1: Xxentria 3Q2022 Results Update
Xxentria 3Q2022 Results Update DEC. | TPE 8942 TT
Slide 2: Disclaimer
Disclaimer • The presentation and the relevant information mentioned in this material, including operating performance, financial performance and the business outlook, have been compiled from both internal and external resources. • These forward-looking statements involve known and unknown risks, un
Slide 3: Agenda
Agenda 3Q2022 Financial Highlights& 2023 Outlook The Growth Strategy – From the Cyclical to Secular Appendix 3
Slide 4: Agenda
Agenda 3Q2022 Financial Highlights& 2023 Outlook The Growth Strategy – From the Cyclical to Secular Appendix 4
Slide 5: 9M2022 Review & 2023 Outlook
9M2022 Review & 2023 Outlook OEMs continue to negotiate with fleets, and as some 2023 order boards have opened, those efforts are quickly moving from staged/planned orders to booked business. While some OEMs have opened part of their 2023 build slots, discussions indicate that others are holding to
Slide 6: 3Q2022 Review
3Q2022 Review NT$ mn 1,800 1Q19-3Q22 Revenue 1670 1,600 1531 1487 1444 1,389 1,412 1,400 1,272 1,292 1,200 1,105 1,060 1,013 1,000 776 802 812 800 600 445 400 200 0 NT$ mn Historical Revenue “Most notable this month was the continued 6,000 5,393 strength in Class 8 order activity. Also, heavy- 5,000
Slide 7: 9M2022 Review
9M2022 Review Margin Trend 50% 43.24% 39.02% 39.21% 37.84% 35.11% 36.85% 35.71% 40% 33.16% 33.09% 30.25% 30.42% 32.09% 30.59% 26.40% 27.71% 25.58% 30% 23.35% 22.85% 24.28% 19.09% 21.15% 20.50% 30.66% 19.88% 17.85% 27.43% 16.23% 28.13% 20% 15.49% 24.40% 22.47% 22.21% 17.85% 19.09% 17.22% 18.85% 19.24
Slide 8: 3Q2022 Review
3Q2022 Review NT$ mn 1Q19-3Q22 Operating Profit 400 366 363 339 350 The company hiked ASP since 2021, 2022 300 279 286 274 240 operating profit NT$ 363 mn, up 170.93% 250 YoY. 200 181 177 183 173 184 150 123 117 100 50 23 0 1Q20192Q20193Q20194Q20191Q20202Q20203Q20204Q20201Q20212Q20213Q20214Q20211Q20
Slide 9: 3Q2022 Review
3Q2022 Review NT$ mn 1Q19-3Q22 Net Profit 700 577 600 531 500 335 393 412 NT$ mn 9M22 9M21 400 354 312 318 300 252 291 263 279 FX Gain(Loss) 921 (105) 200 161 77 100 0 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 -100 -41 NT$ mn 9M22 9M21 Other Income from (270) 531 NT$
Slide 10: 9M2022 Review
9M2022 Review 3Q2022 3Q2021 YoY 9M2022 9M2021 Consolidated P&L YoY (NT$ mn) Amount % Amount % Amount % Amount % Revenue 1,531 100 1,412 100 8% 4,646 100% 3,906 100% 19% COGS -837 -55 -921 -65 -9% -2,637 -57% -2,590 -66% 2% Gross Profit 694 45 491 35 41% 2,009 43% 1,316 34% 52% S&M -384 -25 -258 -18
Slide 11: 9M2022 Review
9M2022 Review 2022.09.30 2021.12.31 Consolidated Balance Sheet (NT$ mn) Amount % Amount % Key Items Cash & Equivalent 2,015 12 1,504 10 AR & NR 1,445 9 1,350 8 Inventory 1,200 7 1,235 8 PP&E 4,584 28 4,276 27 Current Liability 5,502 34 7,085 45 Non-Current Liability 1,765 11 483 3 Total Shareholder’
Slide 12: Agenda
Agenda 9M2022 Financial Highlights& 2023 Outlook The Growth Strategy – From the Cyclical to Secular Appendix 12
Slide 13: Top Trailer Body Panel in the US
Top Trailer Body Panel in the US Establishment:1994 2021 US Overall Trailer Panel Market Ticker: 8942 TT Composite 54.1% Over 300 Full Time Employees worldwide Dedicated in R&D and manufacturing of Galvanized steel, traditional 45.9% Aluminum composite panel and other specialized metal finishing 0%
Slide 14: Innovation, Innovation, Innovation!
Innovation, Innovation, Innovation! • Over the past 20 years, Xxentria has progressed 2018 to a state-of-the-art composite panel and metal High Speed Coating Line Started (50M/Min) 2017 finishing leader, with proprietary know-how and High Speed Lamination 2015 intellectual property. Line Started (3M
Slide 15: Superior Products for Trailers
Superior Products for Trailers Flagship product – G-Bond accounts for ~30% of the Dry Van market (2019), No. 1 in the U.S. • Leader in Industry Transformation - Light weight. Strong. Safe. Higher Capacity. Lower Emissions. Lower Fuel Consumption. Streamlined Appearance. Xxentria’s trailer panels inc
Slide 16: Strong Technology
Strong Technology With years of experience and dedication in sharpening our craft and technique, Xxentria excels in metal finishing, PE foaming and lamination, to provide superior high-quality products to our clients. Lacquer Foaming Lamination - Xxentria's roll-to-roll continuous - Xxentria's uniqu
Slide 17: Future Growth Driver
Future Growth Driver Intelligent Production Capital Management New Market: China, India, New Product: UK, Australia A-Bond 17
Slide 18: New Products to Expand Market Share
New Products to Expand Market Share Targeting new products to account for 6.5% of revenue by 2024 A-Bond - New generation composite panel, using high-tech aluminum alloy - 50% weight reduction in comparison to conventional trailer, Products decreasing fuel consumption and carbon emissions, and incre
Slide 19: China, UK, India and more Markets
China, UK, India and more Markets • Demand for higher quality, more advanced trailer panels will take off as the Chinese economy recovers, Xxentria has started to penetrate this new market and is ready to duplicate its successful experience in the US to grow in China. • According to Ministry of Tran
Slide 20: Capital Management
Capital Management Targeting to maintain superior resource management • To reach its ROE target, Xxentria will carefully review its capital structure and consider multiple measurements such as capital reduction or optimized debt-equity ratio. • Xxentria’s carefully planned capital expenditures allow
Slide 21: Intelligent Manufacturing
Intelligent Manufacturing Initiated in 2018, Xxentria is introducing multiple automation and intelligent production into manufacturing process and refining QA/QC to improve operation efficiency • To modularize and calculate resources needs throughout the life cycle of client order. From receiving th
Slide 22: Our Commitment to Shareholders
Our Commitment to Shareholders • Our mission is to create innovative products for a greener environment and a brighter future. • We are committed to be globally No.1 in the truck composite panel industry. • We strive to achieve sustainable revenue and earnings growth, despite industry cyclicality. •
Slide 23: Agenda
Agenda 9M2022 Financial Highlights& 2023 Outlook The Growth Strategy – From the Cyclical to Secular Appendix 23
Slide 24: Historical Cash Dividend 2014-2021
Historical Cash Dividend 2014-2021 NT$ Million 2014 2015 2016 2017 2018 2019 2020 1H2021 2H2021 Net Income $707 $1,183 $983 ($517) $1,296 $977 $942 $746 $544 Cash Dividend $620 $932 $870 $498 $912 $656 $492 $248 $415 DPS (NT$/share) $4.00 $5.99 $5.50 $3.00 $5.50 $4.00 $3.00 $1.50 $2.50 Cash Yield (%
Slide 25: 5-year Income Statement
5-year Income Statement YoY (%) NT$ Million 2017 2018 2019 2020 2021 9M22 2017 2018 2019 2020 2021 9M22 Sales Revenue 4,485 4,722 4,399 3,072 5,393 4,646 2.5 5.3 (6.8) (30.2) 75.6 18.9 Gross Profit 1,484 1,740 1,665 940 1,926 2,009 (13.5) 17.2 (4.3) (43.5) 104.9 26.47 Operating Profit 1,025 1,208 1,
Slide 26: 5-year Balance Sheet
5-year Balance Sheet YoY (%) NT$ Million 2017 2018 2019 2020 2021 9M22 2017 2018 2019 2020 2021 9M22 TOTAL ASSETS 11,182 10,714 10,118 11,234 15,820 16,319 6.3 (4.2) (5.6) 11.0 40.8 11.1 Cash 4,313 3,893 2,566 2, 791 1,505 2,015 67.6 (9.7) (34.1) 8.8 (46.1) (13.1) NR & AR 777 628 295 743 1,359 1,445
Slide 27: Thank You
Thank You
Xxentria Technology Materials — Q3 2022 Earnings Presentation on 6ix