Slide 1: Lu Hai Holding Corp. 2018 Business Review
六暉控股股份有限公司 LU HAI HOLDING CORP. 六暉-KY(2115) 2018 Business Review Date：2019/3/26
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation and discussion contain certain forward-looking statements with respect to the result of operation, financial condition and current expectation. The forward-looking statement are subject to know and unknown uncertainties and risks that could cause actual results t
Slide 3: Company Profile
Company Profile Foundation：2009.10.19 Chairman/General Manager Stock Listing：2013.12.25 Simon Hsu Capital Number of employees NTD 819.65 million 1,325人 (As of February 2019) Production Valves, about 80 % Production Capacity Accessories and others, 66 million pcs / Month about 20% 2
Slide 4: Global Locations
Global Locations XH XH LH (XINLING) (GUANKOU) 1983 1990 2000 LU HAI INDUSTRIAL CORP. XIAMEN XIAHUI RUBBER METAL XIAMEN XIAHUI RUBBER METAL 1. Location：Taiwan INDUSTRIAL CO., LTD (PLANT XINLING) INDUSTRIAL CO., LTD (PLANT GUANKOU) 2. Land area：4,899㎡ 1. Location：Jimei District, Xiamen China 1. Locati
Slide 5: Global Locations
Global Locations KH IH 1997 2011 LUHAI RUBBER METAL INDUSTRIAL PT. LUHAI INDUSTRIAL (KUNSHAN) CO., LTD. 1. Location：Serang, Indonesia 1. Location：Kun Shan, Jiangsu China 2. Land area : 57,777 m² 2. Land area : 36,138 m² 3. Majority Product Category : Motorcycle 3. Majority Product Category : Passeng
Slide 6: XIAHUI New Plant
XIAHUI New Plant LAND CONSTRUCTION PRODUCTION 2018 2018 2020 Acquire land Factory construction Started the production on Jan. 2018 Start on Nov. 2018 on mid-year 2020 Land area ：54,784 m2 Gross floor area：90,240 m2 Floor Area Ratio：1.64 Building density：57% 5
Slide 7: Main Products
Main Products Bicycle Valves Series Motorcycle Valves Series Passenger Car Valves Series Truck, Bus, Agricultural & OTR Valves Series 6
Slide 8: TPMS Valve
TPMS Valve TPMS Legislation RUSSIAN 2016.01 EUROPE JAPAN unknown AMERICA 2012.11 2005.10 CHINA KOREA 2013.01 2020 TAIWAN 2016.07 7
Slide 9: Material Trend
Material Trend Copper Aluminum Rubber Copper Rubber 8
Slide 10: Niche Business Model and Production Process
Niche Business Model and Production Process Achieve economies of scale, renowned brand and leader manufacturer in the field. Material cutting Forging Threading rolling Multiple processing Washing Post- processing Possess well-appointed production line and be able to provide one-stop shopping ser
Slide 11: Financial Results
Financial Results NTD thousand 2014 2015 2016 2017 2018 Sales 2,633,761 2,474,627 2,606,582 2,647,010 2,628,778 Gross Profit 553,696 545,640 682,178 681,005 561,055 Gross Profit% 21.02 22.05 26.17 25.73 21.34 Operation Expense 261,402 263,341 276,135 285,804 291,713 Operation Expense% 9.93 10.64 10.
Slide 12: Financial Results
Financial Results NTD thousand 4Q18 % 3Q18 % QoQ(%) 4Q17 % YoY(%) Sales 686,341 100.00 670,075 100.00 2.43 665,991 100.00 3.06 Gross Profit 163,481 23.82 147,469 22.01 10.86 167,227 25.11 -2.24 Operation Expense 68,907 10.04 77,395 11.55 -10.97 73,655 11.06 -6.45 Operating Profit 94,574 13.78 70,074
Slide 13: Financial Results
Financial Results NTD thousand 2014 2015 2016 2017 2018 Cash and cash 769,709 991,397 880,938 927,331 824,221 equivalents Accounts/Note 696,196 613,555 706,473 627,733 666,059 receivables Inventories 551,606 436,627 430,083 627,128 565,263 Property, plant and 556,092 612,512 621,704 634,053 723,273
Slide 14: Revenue
Financial Results Revenue 2014 2015 2016 2017 2018 Q1 629,072 650,772 617,421 679,120 627,683 Q2 696,019 647,847 664,226 663,527 644,679 Q3 627,904 580,666 639,234 638,372 670,075 Q4 680,766 595,342 685,701 665,991 686,341 2,633,761 2,606,582 2,647,010 2,628,778 2,700,000 2,474,627 30.00% 2,200,000
Slide 15: Financial Results
Financial Results Gross Profit (NTD thousand) Gross Profit (%) 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Q1 129,818 134,301 155,248 192,125 123,139 20.64 20.64 25.14 28.29 19.62 Q2 145,202 145,910 170,507 172,497 126,966 20.86 22.52 25.67 26.00 19.69 Q3 133,811 123,992 167,761 149,156 147,46
Slide 16: Financial Results
Financial Results Operating Profit (NTD thousand) Operating Profit (%) 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Q1 58,636 67,511 86,912 120,369 52,558 9.32 10.37 14.08 17.72 8.37 Q2 84,126 84,035 107,297 102,190 52,135 12.09 12.97 16.15 15.40 8.09 Q3 76,418 59,947 100,617 79,070 70,074 12.1
Slide 17: Financial Results
Financial Results 2014 2015 2016 2017 2018 Debts ratio 36.15 29.67 32.51 33.05 34.17 Capital structure Long term funds to analysis (%) 368.94 405.61 398.09 373.34 389.66 fixed assets Liquidity Current ratio 279.13 484.80 408.74 268.74 423.90 analysis (%) Quick ratio 202.86 381.06 324.89 196.85 316.6
Slide 18: Revenue Breakdown by product category
Revenue Breakdown by product category 2016 18.14% 22.30% 5.37% 2018 6.36% 配件及其他 Accessories and others 13.34% 腳踏車 BC 34.50% 17.56% TPMS類 19.87% 7.47% 2017 汽車 PC 5.30% 機車、電動摩托車 17.24% 21.24% 14.55% 35.26% MC、 Electric MC 卡車及非道路用車 5.73% T/B、L/T、AG、Otr 6.67% 13.99% 35.13% 17
Slide 19: Revenue Breakdown by Area
Revenue Breakdown by Area 42.57% 44.07% 31.47% 28.82% 2017 2018 中國 China 25.95% 27.12% 2017 2018 其他 Others 2017 2018 印尼 Indonesia 18
Slide 20: Financial Results
Financial Results 96,239 178,408 170,036 82,801 85,669 153,481 76,188 142,798 143,335 68,138 Capital expenditure Depreciation 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 162 19.77% 18.08% EBITDA 15.80% 15.00% 152 Average Monthly 13.85% margin 150 148 147 Revenue by person (NTD thousand) 2014 2
Slide 21: Financial Results
Financial Results NTD thousand Foreign Exchange 2014 2015 2016 2017 2018 Gain/(Loss) (616) 17,435 14,325 (17,681) 4,907 Sales % (0.02) 0.70 0.55 (0.67) 0.19 USD/RMB USD/INR 7.2000 16,000 7.0000 15,000 6.8000 14,000 6.6000 13,000 6.4000 12,000 6.2000 11,000 6.0000 10,000 5.8000 9,000 5.6000 8,000 5.4
Slide 22: Thank You
THANK YOU!! 全球產量第一 台灣氣門嘴領導品牌 We Deliver the Best Quality & High-end Technology from Taiwan. 六暉控股股份有限公司 LU HAI HOLDING CORP. http://www.luhai.com.tw E-mail://spokesman@luhai.com.tw