Slide 1: Elite Material Co., Ltd.
1 Elite Material Co., Ltd. Global leader of high end eco-friendly laminates Presentation May, 2024
Slide 2: Disclaimer
2 Disclaimer This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources. The actual results of operations, financial condition, and business prosp
Slide 3: Agenda
3 Agenda 1Q24 Financial result P.4 Capacity update P.7 Industry overview P.8 Executive performance P.10 Q&A P.14 Page 3
Slide 4: Financial Highlights-1Q24
4 Financial Highlights-1Q24 • Net revenue was NT$12.90 billion, representing an 0.2% increase from NT$12.88 billion in 4Q23 and an 75.3% increase from NT$73.59 billion in 1Q23. • Gross margin was 29.0%, 0.7 percentage points higher than 4Q23 and 7.6 percentage points higher than 1Q23. • Operating ma
Slide 5: 1Q24 P&L summary
5 1Q24 P&L summary Unit: NT$ million 1Q24 4Q23 QoQ 1Q23 YoY Revenue 12,902 12,882 0.2% 7,359 75.3% Gross profit 3,738 3,651 2.4% 1,572 137.8% Operating profit 2,536 2,451 3.4% 769 229.7% Income before tax 2,614 2,528 3.4% 729 258.5% Tax expenses (637) (542) 17.4% (249) 155.3% Net income 1,977 1,986
Slide 6: 4Q23 Abstracted Balance Sheet
6 4Q23 Abstracted Balance Sheet Unit:NT$ million 1Q24 4Q23 1Q23 Amount % Amount % Amount % Cash & Equivalent 12,625 21.3% 9,259 17.3% 14,414 31.2% A/R+N/R 17,963 30.3% 17,327 32.4% 9,814 21.2% Inv 6,668 11.2% 6,135 11.5% 3,728 8.1% PPE 17,838 30.1% 16,655 31.2% 15,189 32.9% Total Assets 59,277 100.0
Slide 7: EMC Manufacturing-Globally Diversified
7 EMC Manufacturing-Globally Diversified Kunshan, China HQ, Taiwan California, US Huangshi, China ⭐ EMC: Exclusive Asian CCL Supplier with US Production Capability Laminate Zhongshan, China Site Capacity Penang, Malaysia (SHTs/mon) HQ (TW) 0.65 M Kunshan (CN) 1.80 M [Phase1] Zhongshan (CN) 0.95 M 60
Slide 8: High-end CCL(HDI & High-speed/ frequency)
8 High-end CCL(HDI & High-speed/ frequency) • High-end CCL market grows at 27% CAGR (2023-2025) • Overall CCL market grows at 10% CAGR (2023-2025) • EMC expects to outgrow high-end CCL market Overall CCL Market High-end CCL Market Source: Goldman Sachs Global Investment Research, Oct 2023 8 Page 8
Slide 9: EMC Momentum in High speed CCL
9 EMC Momentum in High speed CCL Market Share Reached Number One Globally in 2023 Driven by HDI and Halogen-free requirement EMC 20% EMC 28% ITEQ 16% EMC 9% Page 9 Page 9
Slide 10: Solid Sales Growth
10 Solid Sales Growth NTD：Billion 500.0 2002：1.9 Bn元2023：41.3Bn 450.0 2002 ~ 2023, CAGR=15.8% 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 2002200320042005200620072008200920102011201220132014201520162017201820192020202120222023 Revenue Page 10
Slide 11: Sustainable Operation Performance
11 Sustainable Operation Performance EPS: NTD 18.0 16.5 16.35 16.0 15.24 14.0 12.0 10.14 11.33 10.0 8.7 8.74 8.0 7.6 6.0 4.30 4.9 5.48 4.0 3.73 2.0 1.36 2.80 2.87 2.7 0.53 1.52 1.78 0.0 0.49 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (2.0
Slide 12: Stable Cash Dividend and Payout Ratio
12 Stable Cash Dividend and Payout Ratio Page 12
Slide 13: The Corporate Social Responsibility Report
13 The Corporate Social Responsibility Report Page 13 13
Slide 14: Q&A
14 Q&A Page 14