Bafang Yunji International Co., Ltd. · TWSE:2753
Bafang Yunji International — Q3 2024 Earnings Presentation
17 slides from Bafang Yunji International's earnings presentation, November 2024
Slide 1: With Hard Work & Grit, We Can Turn Dumplings into Gold!
With Hard Work & Grit, We Can Turn Dumplings into Gold! Ticker：2753
Slide 2: Disclaimer
Disclaimer This document and relevant information may contain certain forward-looking statements. Such forward-looking statement is not actual results but only reflects the Company’s estimates and expectations and is subject to inherent risks and uncertainties that could cause actual results to diff
Slide 3: Brand Situation
八方雲集國際股份有限公司 BAFANG YUNJI INTERNATIONAL CO.,LTD Brand Situation
Slide 4: Our Brands
Our Brands BAFANG DUMPLING { tS
Slide 5: 2024/11 Franchises Updates
2024/11 Franchises Updates Region Taiwan Region Hong Kong Region U.S. Number 1,010 227 29 18 Number 56 14 4 2 Number 10 2% 100% 80% 24% 28% 60% 50% 62% 40% 70% 20% 98% 76% 38% 72% 30% 100% 0% 100% 0% 50% 100% 0% 0% Franchises Direct Store
Slide 6: 3Q 2024 Financial Results
八方雲集國際股份有限公司 BAFANG YUNJI INTERNATIONAL CO.,LTD 3Q 2024 Financial Results
Slide 7: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit : NT$ million 40% 2,000 2,051 1,925 1,917 1,927 1,914 38% 1,600 36% 1,200 35.7% 34.7% 34% 800 34.3% 34.1% 34.0% 657 651 688 664 704 400 32% 0 30% 3Q23 4Q23 1Q24 2Q24 3Q24 Sales GP GPM 3Q24 YoY QoQ Sales 6.5% 7.1% GP 7.0% 5.9%
Slide 8: Sales Breakdown
Sales Breakdown by Regions _3Q24 by Brands_3Q24 6.9% 2.7% 0.6% 17.6% 23.9% 72.8% 75.6% Bafang Liang She-Han Taiwan HK U.S. FJ Veggie Dante All three brands in HK are under Bafang
Slide 9: Operating Expenses
Operating Expenses Unit : NT$ million 3Q24 2Q24 3Q23 Items QoQ YoY Amount % Amount % Amount % Selling 395 19.3% 390 20.4% 1.40% 370 19.2% 6.91% expenses Administrative 118 5.7% 107 5.6% 10.05% 109 5.7% 7.90% expenses R&D 4 0.2% 4 0.3% 1.47% 5 0.3% -7.55% expenses
Slide 10: Net Profits after Tax & EPS
Net Profits after Tax & EPS Unit : NT$ million 250 10% 200 8.4% 7.5% 8% 150 7.0% 6.9% 6.4% 100 6% 50 144 124 161 134 141 0 4% 3Q23 4Q23 1Q24 2Q24 3Q24 EPS 2.24 1.94 2.36 2.10 2.18 Profits after tax Profit margin
Slide 11: 3Q24 Takeaway/delivery ratio
3Q24 Takeaway/delivery ratio Region Taiwan Hong Kong U.S. Brand Takeaway/ 67.4% 85.9% 63.0% 59.9% 44.4% 44.4% 53.7% 64.0% delivery In-store 32.6% 14.1% 37.0% 40.1% 55.6% 55.6% 46.3% 36.0% dining
Slide 12: Balance Sheets & Key Indices
Balance Sheets & Key Indices Unit : NT$ million Items 9/30/2024 12/31/2023 9/30/2023 Amount % Amount % Amount % Cash & Marketable Securities 1,287 20.5% 1,555 25.2% 1,490 24.8% Inventories 224 3.6% 247 4.0% 271 4.5% Net PP&E 2,547 40.6% 2,379 38.5% 2,291 38.2% Total Assets 6,267 100.0% 6,181 100.0%
Slide 13: Cash Flows
Cash Flows Unit : NT$ million Items 1-3Q24 1-3Q23 Beginning Balance 804 690 Cash flows from operating 995 841 activities Cash flows used in investing 216 (230) activities Cash flows used in financing (909) (577) activities Ending Balance 1,119 746
Slide 14: Dividend Policy
Dividend Policy 8/7/2024 Board of Directors Approved NT$2 Cash Dividend for the First Half of 2024 12 90% 83.8% 10 74.2% 10.55 74.4% 75.0% 80% 10.00 8 8.74 70% 8.09 61.6% 8.35 7.50 6 7.00 60% 6.50 6.50 6.00 4 50% 2 40% - 30% 2019 2020 2021 2022 2023 EPS(NT$) Cash dividend(NT$) Payout Ratio
Slide 15: Business Performance and Outlook
八方雲集國際股份有限公司 BAFANG YUNJI INTERNATIONAL CO.,LTD Business Performance and Outlook
Slide 16: Q&A
八方雲集國際股份有限公司 BAFANG YUNJI INTERNATIONAL CO.,LTD Q&A
Slide 17: Investor Relations
八方雲集國際股份有限公司 BAFANG YUNJI INTERNATIONAL CO.,LTD Investor Relations ◆ Email: IR@8way.com.tw ◆ Website: www.8way.com.tw
Bafang Yunji International — Q3 2024 Earnings Presentation on 6ix