Taita Chemical Co., Ltd. · TWSE:1309

Taita Chemical — Taita Chemical Co., Ltd 2018 Investor Conference

32 slides from Taita Chemical's conference presentation, May 21, 2018

  1. Slide 1: Taita Chemical Co., Ltd 2018 Investor Conference

    台聚關係企業 Taita Chemical Co., Ltd Tianjin FAC 2018 Investor Conference Head Office Glass-wool FAC Cubic FAC Chien Chen FAC Zhong Shan FAC Lin Yuan FAC 2018 05 21 1

  2. Slide 2: Agenda

    台聚關係企業 Taita Chemical Co., Ltd 2018 Investor Conference Agenda Reported by Product Briefing T M Yen 2017 Market Review T M Yen 2018 Market Outlook T M Yen Finance Information Tony Lin Q&A Paul Wu 2

  3. Slide 3: Production Capacities

    PRODUCTION CAPACITIES 台聚關係企業 Head Office Taipei Tianjin Factory (Est. 2005 09 ) Tianjin FAC Cubic FAC (Est. 1987 06) Glasswool FAC (Est. 1991 03)  EPS Cap: 140,000 MTA Glass-wool Zhong Shan Factory (Est. 2000 05) Cubic Chien Chen  Cubic Printing Cap: 200,000 JIG/Y Zhong Shan Lin Yuan  Glass-wool

  4. Slide 4: 2017 Market Review

    台聚關係企業 Taita Chemical Co., Ltd 2018 Investor Conference 2017 Market Review  Economy  Feedstocks  Industry  Sales  Performance 4

  5. Slide 5: 2017 Market Review - Economy

    台聚關係企業 2017 Market Review- Economy GDP (%) 7 6 5 4 2016年 2016 3 2017年 2017 2 1 0 全球 美國 歐盟 中國 Source : IMF 5

  6. Slide 6: 2017 Market Review - Feedstocks

    台聚關係企業 2017 Market Review- Feedstocks 2017 SM price change 2017 AN & BD price change SM in RMB 6

  7. Slide 7: 2017 Market Review - Industry (China)

    2017 Market Review- Industry(China) 台聚關係企業 unit:x10,000 MT ABS * GPS EPS Capacity 380 328 590 Production 360 215 335 Operation 94.7 77.7 56.9 rate (%) In 2017, Trinseo new ABS capacity of 80,000 MTA 2014 – 2017, only a few new capacity in China. 7

  8. Slide 8: 2017 Market Review - Sales ABS/SAN, GPS

    台聚關係企業 2017 Market Review- Sales ABS / SAN In2017, sales of ABS/SAN increased by 32.7%  ABS/SAN sales reached a record high.  World economy expanded.  China house appliance market continue to grow. White goods by 26% and refrigerator by13%  China’s policy to prohibit the import of plastic scrap

  9. Slide 9: 2017 Market Review - Sales EPS

    台聚關係企業 2017 Market Review- Sales Chien In 2017 , EPS sales increased by 5.0% World economy expanded. Chen Sales to S. America and S E Asia increased. In 2017 , sales slightly decreased by 1.6%  Sales decreased mainly in East Guangdong . Zhong Credit review on customers for better collection. Ap

  10. Slide 10: 2017 Market Review - Sales Glasswool, Cubic Printing

    台聚關係企業 2017 Market Review- Sales Glasswool In 2017, glasswool sales decreased by 5%. Lost 700 MT of production due to furnace rebuild. Less quantity available for export. Local demand slightly increased. Domestic sales increased by 7%.  Stable margin maintained. Cubic printing In 2017, cubic prin

  11. Slide 11: 2017 Market Review - Performance: Sales vs Inventory

    2017 Market Review- Performance 台聚關係企業 Sales vs Product Inventory (Taiwan + China) Unit: MT 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 sales 銷售量 Product inventory 月底總庫存 11

  12. Slide 12: 2017 Market Review - Performance: SM Usage vs Inventory

    2017 Market Review- Performance 台聚關係企業 SM Usage vs SM Inventory (Taiwan +China) Unit: MT 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 當月SM耗用量 SM usage 當月底SM庫存 SM inventory 12

  13. Slide 13: 2018 Market Outlook

    台聚關係企業 Taita Chemical Co., Ltd 2018 Investor Conference 2018 Market outlook  Economy  Feedstocks  Industry  Sales  Performance 13

  14. Slide 14: 2018 Market Outlook - Economy

    台聚關係企業 2018 Market outlook- Economy Factors  Sino-US trade war  Korean Peninsula issues  Regional stability  Crude oil Global US Europe China Source: IMF 14

  15. Slide 15: 2018 Market Outlook - Feedstocks

    台聚關係企業 2018 Market outlook- Feedstocks 2018 SM price change 2018 AN & BD price change 11,190 2,050 1,468 1,830 1,700 1,281 9,690 1,240 SM in RMB 15

  16. Slide 16: 2018 Market Outlook - Industry (China)

    2018 Market outlook- Industry(China) 台聚關係企業 Unit:x10,000 MT ABS * GPS EPS Events:  Anti-Dumping Duty on SM Current 380 328 590  Prohibition on Plastic Scrap Import Capacity Estimate 60 --- --- increase * Haili 200,000 MTA；Keyuan 400,000 MTA 16

  17. Slide 17: 2018 Market Outlook - Sales ABS/SAN, GPS

    台聚關係企業 2018 Market outlook- Sales ABS / SAN Sales expect further growth in 2018 Global economy go on expanding China appliances demand strong  China continue to prohibit the import of plastic scrap GPS  China’s Anti-Dumping-Duty on Sales forecast moderate increase in 2018 imported SM Global eco

  18. Slide 18: 2018 Market Outlook - Sales EPS

    台聚關係企業 2018 Market outlook- Sales Sales expect further growth in 2018  Global economy continue to expand. Chien  Developing the packaging market of TFT-LCD panel.  Shortening cycle time to increase market share. Chen 2018 Q1 sales increase by10% Sales expect further growth in 2018  Appliances pa

  19. Slide 19: 2018 Market Outlook - Sales Glasswool, Cubic Printing

    台聚關係企業 2018 Market outlook- Sales Glasswool For 2018, sales expected to grow by 5% in local market, 15% in export.  Local demand for glasswool expected to grow.  Furnace rebuild completed. Output up by 7-8%.  Developing endcapped & sealed glasswool.  Apply for pattern for insulation Port Board.

  20. Slide 20: 2018 Market Outlook - Performance: Sales vs Inventory

    2018 Market outlook- Performance 台聚關係企業 Sales vs Product Inventory (Taiwan+ China) 單位:噸 Unit: MT 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Jan-2018 Feb-2018 Mar-2018 Apr-2018 sales 銷售量 Product inventory 月底總庫存 20

  21. Slide 21: 2018 Market Outlook - Performance: SM Usage vs Inventory

    2018 Market outlook- Performance 台聚關係企業 SM Usage vs SM Inventory (Taiwan +China) Unit:單位:噸 MT 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 當月SM耗用量 SM usage 當月底SM庫存 SM inventory 21

  22. Slide 22: Finance Information

    台聚關係企業 Taita Chemical Co., Ltd 2018 Investor Conference Finance Information ＊Consolidated I/S ＊Sales by product ＊Financial ratio analysis 22

  23. Slide 23: Consolidated Statements of Income

    台聚關係企業 Consolidated Statements of Income (In millions of NTD, except per share data) 2017 2016 YoY% Sales Volume(MT) 414,678 395,988 4.72% Sales 19,821 16,419 20.72% Cost of goods sold 18,387 15,474 18.83% Gross profit 1,434 945 51.75% gross profit ratio 7% 6% Operating expenses 758 714 6.16% Operat

  24. Slide 24: Sales by product - 2017

    台聚關係企業 Sales by product - 2017 In millions of NTD 24

  25. Slide 25: Financial ratio analysis (Consolidated Statement)

    台聚關係企業 Financial ratio analysis (Consolidated Statement) 2017 2016 Operating income margin(%) 3.41 1.41 Net income margin(%) 2.53 0.74 Debt ratio(%) 55.68 60.14 Current ratio(%) 169.61 151.09 Quick ratio(%) 125.74 104.27 Accounts receivable turnover days 47 53 Inventory turnover days 26 31 25

  26. Slide 26: Consolidated Statements of Income

    Consolidated Statements of Income 台聚關係企業 In millions of NTD, except per share data 2018Q1 2017Q1 YoY% 2017 2016 2015 Sales Volume(MT) 95,411 89,889 6.14% 414,678 395,988 388,352 Sales 4,842 4,519 7.15% 19,821 16,419 17,028 Cost of goods sold 4,467 4,185 6.74% 18,387 15,474 16,156 Gross profit 375 33

  27. Slide 27: Sales by product - 2018 Q1

    台聚關係企業 Sales by product - 2018 Q1 In millions of NTD 27

  28. Slide 28: Disclaimer

    台聚關係企業 Taita Chemical Co., Ltd 2018 Investor Conference Disclaimer This presentation includes the Company’s current information and any Disclaimer development or adjustments thereof will be published according to laws, This presentation includes the regulations Company’s or rulings. current informat

  29. Slide 29: Q&A

    台聚關係企業 Taita Chemical Co., Ltd 2018 Investor Conference QQ&&AA Taipei HQ 29

  30. Slide 30: Anti-static grade EPS

    台聚關係企業 Protection package for TFT-LCD panel – Anti-static grade EPS 30

  31. Slide 31: GW New Product Development - Endcapped Sealed Glasswool

    GW NEW PRODUCT DEVELOPMENT- 台聚關係企業 ENDCAPPED SEALED GLASSWOOL Naked glasswool endcapped & sealed by PE film。Advantage: 1. Reduce dust. 2. Reduce the pruritus on construction workers when expose to naked glasswool. 31

  32. Slide 32: GW New Development - Port Board Floor Insulation

    GW NEW DEVELOPMENT– PORT BOARD 台聚關係企業 FLOOR INSULATION Port Board structure 3mm PSP board 100K 15mm glasswool board 1. New revision in Construction Guideline. Insulation for floor impact shall be≧17dB (△Lw≧17dB)，implemented starting 2019/7/1 . 2. Port Board had been tested by Performance Experiment

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