Superalloy Industrial Co., Ltd. · TWSE:1563
Superalloy Industrial — Investor Presentation (May 2025)
35 slides from Superalloy Industrial's investor presentation, May 2025
Slide 1: SuperAlloy Industrial Co. (1563 TT) Investor Presentation
SuperAlloy Industrial Co. (1563 TT) 2Q24 Investor Presentation Forging the of Mobility
Slide 2: Disclaimers
Disclaimers The information contained in this confidential document ("Presentation") has been prepared by SuperAlloy Industrial Company Ltd. (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained herein has
Slide 3: Agenda
Agenda 1Q25 Results And Guidance SAI’s Growth Strategy And Goals Q&A 3
Slide 4: 1Q25 Results And Guidance
1Q25 Results And Guidance 4
Slide 5: 1Q25 Income Statement
1Q25 Income Statement NT$ million 1Q25 4Q24 1Q24 QoQ % YoY % Net Revenue 1,918 1,928 1,954 (0.5) (1.9) Gross Profit 545 532 521 2.5 4.6 Gross Margin 28.4% 27.6% 26.66% Operating Expenses 246 251 249 (2.1) (1.1) SG&A percent of Sales 13% 13% 13% Operating Income 299 281 272 6.5 9.9 Operating Margin 1
Slide 6: 1Q25 Balance Sheet
1Q25 Balance Sheet 1Q25 4Q24 1Q24 QoQ YoY NT$ million $ % $ % $ % (%) (%) Cash and Cash Equivalents 1,265 7 2,153 12 1,673 10 (41.3) (24.4) Notes & Accounts Receivable, Net 1,179 7 1,055 6 1,043 6 11.7 13.1 Inventories 6,244 36 5,994 34 5,890 34 4.2 6.0 Other Current Assets 637 4 127 1 160 1 403.2 2
Slide 7: Outlook
Outlook ● Expected Growth in 2025: SAI anticipates a growth in 2025, driven by increased demand for luxury SUVs and minivans from European and Japanese brands, along with rising demand for RESAICAL® recycled aluminum. ● Operating Profit Margin Continues to Improve: Operating profit margin in 2025 is
Slide 8: SAI's Growth Strategy And Goals
SAI’s Growth Strategy And Goals 8
Slide 9: SAI Aims to Maximize Shareholder Return
SAI Aims to Maximize Shareholder Return SAI’s Three-Step Approach to Maximizing Sustainable Profits and Shareholder Returns 01 02 03 Enhance Operational Efficiency Reinforce the and Profitability Leading Position Sustainable in the Global 2-1 2-2 2-3 and Luxury/Premium corporate Car Expand Net Green
Slide 10: SAI and Luxury Brands Outgrew The Global Market
SAI and Luxury Brands Outgrew The Global Market ● During 2018-23, luxury and premium car shipment has outgrown global automotive market. ● Our high-end forged wheels business will continue to grow with global luxury and premium cars. *Green highlights are SAI’s main customers. **Mercedes and BMW hig
Slide 11: Improve Operational Efficiency through Expanding Net Shape Forged Wheels
Improve Operational Efficiency through Expanding Net Shape Forged Wheels Advantages of Net Shape Forged Wheels ◆ Our Net Shape Forged Wheels utilize precision forging to shorten post-forging processes, simplify the production process, which leading to less production time and lower cost. It is suita
Slide 12: More Net Shape Forged Wheel Projects Are Coming
More Net Shape Forged Wheel Projects Are Coming 14 net shape forged wheels are in mass production. 71 are under development. Charger, Challenger, Durango SRT series 10 wheels are in mass production、 1 wheel is under development 2021MY M3 M4 Competition 4 wheels are in mass production 2024MY Macan an
Slide 13: Increase Profitability by Using Recycled Aluminum
Increase Profitability by Using Recycled Aluminum Achieve diversification of supply sources, reduce inventory and cost Forging Machining Polishing Painting Turning & Milling Manual & Auto 7,000 Ton Forging Manual & Auto Diamond-Cutting Painting Flow Forming Grinding Dot Marking Powder & Liquid Vibra
Slide 14: Green Milestone
Green Milestone MOVING • The yield rate of RESAICAL® recycled aluminum increased from 69% in 2020 to 97% in 2023. • Our current recycled aluminum annual capacity is 40k tons. Usage of rate of RESAICAL® INTO recycled aluminum in forged wheels reached 40% in 2024, with an expected increase to 50% in 2
Slide 15: Promoting diverse aluminum applications to boost long-term profitability
Promoting diverse aluminum applications to boost long- term profitability With aluminum's lightweight, strength, and corrosion resistance, SAI aims to raise non-passenger vehicle aluminum wheel revenue from 15% to over 40% in three years Semiconductor Mobility Heavy electrical Others equipment (Fron
Slide 16: Sustainable Long-term Shareholder Returns through Operational Efficiency and Profitability
SAI Aims to Deliver Sustainable Long-term Shareholders Returns through the Enhancement of Operational Efficiency and Profitability Net Margin Operating Margin ROE(RHS) 14% 13% 12% 10% 10% 10% 8% Long-term operational goals : 8% 7% 6% 15-20% Operating Margin 9% 8% 4% Double-Digit ROE 4% 4% 2% 2% 0% 2
Slide 17: Sustainable Operation and Growth
Sustainable Operation and Growth Profitability Improvement and Sustainable Sustainable Revenue Growth • Generating a sustainable double-digit Return ROE • Maintain at least 60% payout ratio Listed on TWSE on May 13th TW No.3 Machining Tier-1 supplier Profitability • Optimize operational efficiency I
Slide 18: Q&A
Q&A 18
Slide 19: Key financial numbers
Key financial numbers Revenue(NE$million) Net profit after tax(RHS) Net Margin Operating Margin 9,000 800 14% 13% 755 8,000 700 12% 7,000 608 583 600 10% 10% 6,000 10% 500 8% 5,000 8% 7% 400 4,000 340 222 6% 9% 8% 300 3,000 200 4% 2,000 4% 4% 1,000 100 2% 2% - 0 2020 2021 2022 2023 2024 0% 2020 2021
Slide 20: Appendix
Appendix 20
Slide 21: SAI Is The Proxy For The Growth Of Luxury Cars
SAI Is The Proxy For The Growth Of Luxury Cars We target to achieve sustainable return from our green investment ● With 30 years of forging, shaping and surface treatment expertise, SAI stands as the world's top one aluminum forged wheel supplier for luxury automotive brands like Rolls Royce, Ferrar
Slide 22: Strengthen Industry Leadership
01 Strengthen Industry Leadership 22
Slide 23: Tier-One Supplier For Top Global Brands
Tier-One Supplier For Top Global Brands SAI is the world’s top 1 aluminum forged wheel maker for Super and Luxury cars. We will continue to develop various projects to enhance customer penetration rate. Top 5 Clients: Lexus(Toyota) 、JLR、 Porsche 、 BMW and Mercedes-Benz 2001 2004 2006 2007 2008 2009
Slide 24: The High-Entry Barrier of Automotive Supply Chain
The High-Entry Barrier of Automotive Supply Chain Strict Certification Is The Foundation of Strong Partnership With Clients Stage 1 Stage 2 Stage 3 Stage 4 Client Certification Receiving Orders Client Qualification and Approval Production and Delivery 2-4 years 9-18 months 7-13 months 6-9 months 驗證
Slide 25: Made in Taiwan For the Global Market
Made in Taiwan For the Global Market The clientele for Super/Luxury and Premium cars spans across regions such as Europe, the Americas, and Japan. 3 Global footprint and revenue distribution Production America Sites Others 23% 25% 24% 16% 29% 25% Douliu Pingtung P1 Germany 19% 21% Forging Birmingham
Slide 26: The Forged Wheels Continue to Drive Upward Sales For Global Car Brands
The Forged Wheels Continue to Drive Upward Sales For Global Car Brands Forged wheel performs better than cast wheel, highlighting the status and taste of the car owner. Forged Wheel Indicator Cast Wheel Strength Durability Elongation Impact Resistance Fuel Economic Unsprung Weight Vehicle Handling P
Slide 27: SAI Supplies 32 EV Models with 61 in progress
SAI Supplies 32 EV Models (9 BEV : 23 PHEV) with 61 in progress Aluminum forged wheels can simultaneously meet the high torque acceleration, lightweight, handling and safety requirements of electric vehicles 24,000 unit/year 14,000 unit/year 95,000 units 43,000 units Porsche Taycan 2 design models (
Slide 28: Spectre ─ Rolls Royce's First EV
Spectre ─ Rolls Royce’s First EV Joining hands with SAI to pioneer a new category of automobiles: Ultra-Luxury Electric Super Coupé 28
Slide 29: Increasing Efficiency & Profitability
02 Increasing Efficiency & Profitability 29
Slide 30: We Help Automakers Accelerate Their Carbon Neutrality Goals
We Help Automakers Accelerate Their Carbon Neutrality Goals The use of recycle aluminum can reduce emissions by up to 95% compared to primary aluminum • Automakers apply more recycled aluminum Year of Caron Automakers Neutrality BMW requires suppliers to use more than 50% of recycled aluminum by 202
Slide 31: Sustainability
03 Sustainability 31
Slide 32: Independent Directors Reached 40% of Board Seats; Two Female Directors
Independent Directors Reached 40% of Board Seats; Two Female Directors In The Board Diverse board members to continuously optimize operation and corporate governance Independent directors Cheng, Ming-Siou Liou, Wan-Yu Cheng, Ting-Wang Chen, Wun-Zong Specialty: Carbon Specialty: Specialty: Law Specia
Slide 33: Pingtung Plant Production Capacity Plan
Pingtung Plant Production 2022E Capacity 2025E Capacity 2027E Capacity Capacity Plan Forging 300,000 600,000 900,000 Machining 300,000 600,000 900,000 Polishing 300,000 600,000 900,000 Painting 600,000 600,000 600,000 Recycle Aluminum 40,000 ton Planning (Based on no. of net shaped forged wheels) 33
Slide 34: Luxury and premium segment growth outpacing global car sales
◆ In 2021, while global car sales grew by only 4%, the growth rate for high-end models was 21.6%. Brands such as Aston Martin, Bentley, BMW, Rolls Royce, Porsche, Ferrari, Maserati, Lamborghini, and Bugatti all set new historical sales records. ◆ In 2022, global car sales decreased by 1% year-on-yea
Slide 35: Aluminum penetration continues to grow in vehicles
As aluminum penetration continue to grow in closures and body structures, suspension components are also projected to increase aluminum usage. Parts dedicated to EV (e.g. battery box, motor housing, converter housing, BMS housing, etc.) will also adopt aluminum to reduce weight. Average luxury car w
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