Asia Polymer Corporation · TWSE:1308
Asia Polymer — H1 2025 Earnings Presentation
30 slides from Asia Polymer's earnings presentation, Aug 26, 2025
Slide 1: Asia Polymer Corporation Investor Conference
2025 08/26 Asia Polymer Corporation Investor Conference
Slide 2: Disclaimer
Disclaimer This presentation includes the Company’s current information and any developments or adjustments thereof will be published according to laws, regulations or rulings. The Company is not obligated to update or revise this presentation. The information in this presentation is not for investm
Slide 3: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 2
Slide 4: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 3
Slide 5: Brief Introduction to APC
APC Reported By: Kevin Huang (Sales Director) Brief Introduction to APC 4
Slide 6: Established Date, Capital and Employees
Established Date Jan.25,1977 Capital NT $5,940M No. of Employees 233 (2025.8.01) 2025H1 2024H1 Revenue Consolidated：NT$2,875M NT$3,056M 5
Slide 7: LDPE/EVA Plant
LDPE/EVA Plant Production Facility Annual Capacity Main Products • 4 sets of High- • Total at 150KMT • Low Density Pressure Polyethylene Resin autoclave (Lamination/Injection /Film Grades) production lines • Ethylene-Vinyl Acetate Copolymer Resin(High-Elastic Foaming/Extrusion Coating/PV/W&C Grades)
Slide 8: APC LDPE applications
APC LDPE applications APC’s LDPE products are mainly mid to high-end applications of used in taylor made products and LDPE in TAIWAN high end applications. semiconductor packaging, low-gel protective film, medical uses food packaging, electronic packaging, cosmetic packaging, hygiene products 23,854
Slide 9: APC EVA major applications
APC EVA major applications EVA Solar Grade EVA Coating Grade Shoe’s material Wire & Cable 8
Slide 10: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 9
Slide 11: Business Review and Outlook
APC Reported By: Kevin Huang (Sales Director) Business Review and Outlook 10
Slide 12: Crude Oil / Ethylene Monomer Review
Crude Oil / Ethylene Monomer Review Crude oil: The escalating trade conflict has raised concerns about global economic growth. OPEC+ kept increasing production, The crude oil price fell to US$63/barrel, it rebounded to US$76/barrel due to the armed conflict in the Middle East, then it fell down ag
Slide 13: EVA Prices Review
EVA Prices Review EVA 14%~20% CFR CMP EVA 22%~30% CFR NEA Ethylene CFR NEA VAM Lami-EVA CIF CMP 3900 2023 2024 2025 3700 3500 3300 3100 2900 2700 USD/MT 2500 2300 2100 1900 1700 1500 1300 1100 900 700 500 Source from: ICIS 12
Slide 14: LDPE Price Review
LDPE Price Review Source from: platts 13
Slide 15: LDPE Operation Review: H1 2025
LDPE Operation Review: H1 2025 ● Affected by the news that Yanshan Petrochemical will stop production after May, the prices of lamination grade of LDPE raised to US$1,350~1,400/MT during February to March due to speculation by traders. Subsequently, a surge in import products, and Sinochem Quanzhou
Slide 16: EVA Operation Review: H1 2025
EVA Operation Review: H1 2025 ● Despite of new EVA capacity launching in Q1, the EVA price did not suffer from too much pressure due to the race of photovoltaics installation in Mainland China. The EVA prices kept rebounding in Q1. However, from early April, affected by the US reciprocal tariffs, de
Slide 17: Sales Review: H1 2025
Sales Review: H1 2025 LDPE/EVA Sales Volume Comparison Sales Volume H1 2023 H1 2024 H1 2025 (KMT) LDPE 15 20 24 EVA 45 45 41 Total 60 65 65 16
Slide 18: Sales of Lami-grade EVA
Sales of Lami-grade EVA UNIT:MT. thermal laminating pre-coated thermal 17,580 17,498 pouches lamination film 11,760 10,958 9,439 8,210 2020H1 2021H1 2022H1 2023H1 2024H1 2025H1 17
Slide 19: Sales of PV Grade EVA
Sales of PV Grade EVA UNIT:MT. PV Film 13,624 12,507 12,606 11,697 7,451 5,114 2020H1 2021H1 2022H1 2023H1 2024H1 2025H1 18
Slide 20: APC's EVA Application Proportion
APC’s EVA Application Proportion PV PV 11% FOAM(H) FOAM(H) 18% 21% 27% Sales in 2024 H1: Sales in 2025H1: 44,966MT 40,742 MT EVA FOAM(L) Lami. 18% 39% FOAM(L) EVA 23% Lami. 43% 19
Slide 21: Sales Volume in Recent Five Years
Sales Volume in Recent Five Years 80,000 70,000 63,243 64,558 64,519 59,807 60,111 60,000 50,000 40,742 44,966 40,000 45,967 44,281 44,936 30,000 20,000 23,777 10,000 17,276 19,592 15,526 15,175 0 2021H1 2022H1 2023H1 2024H1 2025H1 LDPE EVA Total 20
Slide 22: Business Outlook for Q3 2025
Business Outlook for Q3 2025 Crude oil： OPEC+'s production increase policy remains unchanged, the US plans to increase oil production, and the supply side is expected to remain loose. It is also to see how much the US tariff policy will impact the economy. Ethylene： A large amount of new PVC pro
Slide 23: Business Outlook for Q3 2025
Business Outlook for Q3 2025 EVA： 1. As the US's reciprocal tariffs become clearer, it is expected that demand from footwear factories will gradually return to normal. 2. There is no new EVA production capacity in Mainland China in Q3, and the oversupply pressure of EVA may be slightly relieved. 3
Slide 24: Business Outlook for Q3 2025
Business Outlook for Q3 2025 LDPE： 1. There is still no news of resumption of Yanshan Petrochemical in Mainland China. Although other petrochemical plants in China occasionally switch to producing lamination grade LDPE, the proportion of imported goods is still high, and the competition is slightl
Slide 25: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 24
Slide 26: Financial Information
APC Reported By: David Chang (Accounting Manager) Financial Information (For the Six Months Ended June 30, 2025) 2 5
Slide 27: Consolidated Statements of Income
Consolidated Statements of Income (In millions of NTD, except per share data) 2025 2024 2024 2023 2022 2021 Increase 1/1~6/30 1/1~6/30 (Decrease) FY FY FY FY (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) Sales 2,875 3,056 (181) 6,031 6,717 9,815 9,566 Cost
Slide 28: Financial Ratio Analysis-Consolidated
Financial Ratio Analysis-Consolidated 2025 2024 2023 2022 2021 1/1~6/30 FY FY FY FY Operating income(loss) margin(%) 1 (2) 14 30 35 Net income(loss) margin(%) (19) (12) 2 15 32 Debt ratio(%) 17 16 11 13 19 Current ratio(%) 242 299 324 244 211 Quick ratio(%) 172 225 243 199 173 Accounts receivable tu
Slide 29: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 28
Slide 30: Thanks for attending and kind support!
Thanks for attending and kind support! Company Website：http://www.apc.com.tw 29