Lu Hai Holding Corp. · TWSE:2115
Lu Hai — H1 2016 Earnings Presentation
25 slides from Lu Hai's earnings presentation, Aug 16, 2016
Slide 1: Lu Hai Holding Corp. 2016 Q1 Business Review
六暉控股股份有限公司 LU HAI HOLDING CORP. F－六暉 ( 2115 ) 2016 Q1 Business Review Date ：2016 /08/16
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 Stock Listing：2013.12.25 Chairman：Wu, Chin-Lu General Manager：Simon Hsu Production： • Valves ，about 80 % （TPMS 5% ) •Accessories and others ，about 20% Subsidiary location： • Taiwan (1983) • Xiamen (1990, 2000) • Kunshan(1997) • Indonesia (2011) Number o
Slide 4: Reward
Reward 1. In China, LUHAI is the only one who is consistently approved by Michelin, Bridgestone, Goodyear as qualified suppliers . 2. LUHAI’s logo gained “The Well-Known Brand in China” in 2012. 3. We awarded Top 10 Happiness Enterprise in Xiamen China in 2013. 4. LUHAI awarded the 2nd Excellent Tai
Slide 5: Subsidiary
Subsidiary Sub. Plant Area Category (location) (square meters) LH (Changhwa,T 4,899 Taiwan domestic market aiwan) 1. BC, MC, electirc MC X plant 2. 40% domestic market 12,820 (south China), 60% export XH (Xiamen, China) MH plant TPMS Valves, 16,438 Precision CNC parts 4
Slide 6: Subsidiary
Subsidiary Sub. Plant Area (location) (square Category meters) 1. PC, T/B, L/T, AG, Otr KH 2. 70% domestic market (East / (Kunshan, 36,138 North China) , 30% export China) 1. MC IH 2. Indonesia market (Jakata, 57,777 ( outlook: ASEAN and Moslem Indonesia) market) 5
Slide 7: Financial Results
Financial Results NTD thousand 2013 2014 2015 2016H1 2015H1 Sales 2,400,859 2,633,761 2,474,627 1,281,647 1,298,619 Gross Profit 444,094 553,696 545,640 325,755 280,211 Gross Profit% 18.50% 21.02% 22.05% 25.42% 21.58% Operation Expense 249,495 261,402 263,341 131,546 128,665 Operation Expense% 10.39
Slide 8: Financial Results
Financial Results 2013 2014 2015 2016 Q1 589,138 629,072 650,772 617,421 Q2 569,012 696,019 647,847 664,226 Q3 599,162 627,904 580,666 - Q4 643,547 680,766 595,342 - NTD thousand 7
Slide 9: Financial Results
Financial Results Gross Profit Gross Profit Ratio 2013 2014 2015 2016 2013 2014 2015 2016 Q1 115,654 129,818 134,301 155,248 19.63% 20.64% 20.64% 25.14% Q2 95,965 145,202 145,910 170,507 16.87% 20.86% 22.52% 25.67% Q3 101,223 133,811 123,992 - 16.89% 21.31% 21.35% - Q4 131,252 144,865 141,437 - 20.4
Slide 10: Financial Results
Financial Results Operating Profit Operating Profit Ratio 2013 2014 2015 2016 2013 2014 2015 2016 Q1 52,005 58,636 67,511 86,910 8.83% 9.32% 10.37% 14.08% Q2 35,732 84,126 84,035 107,297 6.28% 12.09% 12.97% 16.15% Q3 38,621 76,418 59,947 - 6.45% 12.17% 10.32% - Q4 68,241 73,114 70,806 - 10.60% 10.74
Slide 11: Financial Results
Financial Results Net Income Net Income Ratio 2013 2014 2015 2016 2013 2014 2015 2016 Q1 35,892 47,460 58,296 65,530 6.09% 7.54% 8.96% 10.61% Q2 21,112 66,865 65,198 84,386 3.71% 9.61% 10.06% 12.70% Q3 16,296 58,174 66,317 - 2.72% 9.26% 11.42% - Q4 33,525 58,070 56,694 - 5.21% 8.53% 9.52% - NTD thou
Slide 12: Revenue Breakdown by product category
Revenue Breakdown by product category 2014 2015 3.35% 5.44% 18.40% 17.65% 23.03% 24.69% 6.58% 6.70% 31.92% 33.96% 15.81% 12.47% 腳踏車BC 機車、電動摩托車MC, electric MC 卡車及非道路用車類T/B, L/T, AG, Otr 汽車類PC TPMS類 配件及其他accessories and others 11
Slide 13: Revenue Breakdown by Sales Region
Revenue Breakdown by Sales Region 2014 2015 25.13% 25.24% 47.29% 43.21% 27.58% 31.55% 中國地區China 印尼地區Indonesia 其他others 12
Slide 14: Financial Results
Financial Results ROA ROE EBITDA margin 13
Slide 15: Financial Results
Financial Results Foreign 2013 2013 2014 2014 2015 2015 2016 Exchange H1 H2 H1 H2 H1 H2 H1 NTD thousand (9,356) (17,900) 3,373 (3,989) (1,342) 18,777 4,279 USD/RMB USD/INR 14
Slide 16: Industry Chain
Industry Chain Tire manufacturer/ Wheel manufacturer/ Car manufacturer/ TPMS module manufacturer 15
Slide 17: Various Tire Valve
af BC MC [laaiie 22272 T/B Addin lisa bk Se Aca08r
Slide 18: TPMS Valve
TPMS Valve 17
Slide 19: Industry chain & business model
Industry chain & business model Our niche business model 1. Achieve economies of scale, renowned brand and leader manufacturer in the field. 2. Possess well-appointed production line and be able to provide one-stop shopping service. 3. Focus on own field. Only develop market with customer, never com
Slide 20: Improve automation
Improve automation Advanced automated equipments 19
Slide 21: Upgrade banbury mixer
Upgrade banbury mixer New banbury mixer and rubber loader 20
Slide 22: Automated production
Automated production TPMS assembling 21
Slide 23: IH expand capacity
IH expand capacity New equipment : banbury mixer and electroplating machine 22
Slide 24: Industry prospect
Industry prospect The general tire valve industry is promising and the market demand for TPMS valves obviously keeps increasing. 1 We are optimistic about the prospects in future. Chinese market shows a high demand to new private cars, namely 2,500 cars per year. Luhai benefits from government’s 2 L
Slide 25: luhai.com.tw contact
http://www.luhai.com.tw E-MAIL://spokesman@luhai.com.tw