Univacco Technology Inc. · TPEX:3303
Univacco Technology — Q2 2023 Earnings Presentation
35 slides from Univacco Technology's earnings presentation, Oct 26, 2023
Slide 1: 2023 Univacco Earnings Conference
3303.TWO 2023 UNIVACCO EARNINGS CONFERENCE 26th October 2023 www.univacco.com
Slide 2: Outline
Outline • About Univacco • Finance Review • Sustainability and Corporate Governance • Q4 2023 Outlook 商業簡報網 X Matter Lab
Slide 3: About Univacco
About Univacco A globally renowned leader in the decorative film industry. In 2022, our consolidated revenue reached NTD 2,808 million. Serving over 4,000 customers across 70 countries worldwide. Won the Taiwan Excellence Award for 5 consecutive years.
Slide 4: Univacco Group
Univacco Group Established 1990 (Listed in 2007) Main Products Vacuum Coating Foils (VC) / Optical films (OP) More than 30-year coating & vacuum Group Employees 624 * metallizing expertise. Paid-up Capital NTD 941 million * * As of September 30, 2023 Group Revenue NTD 2,808m Group Revenue by Product
Slide 5: Global Sales
Countries/Regions 70 Global Sales Clients 4000+ Source: 2023H UNIVACCO group revenue Production sites 6 ( 5 in Taiwan, 1in China ) Europe 31% The Netherlands Russia Hungary France West Operations East Operations Bulgaria HQ Spain Japan CA, USA MA, USA Wuxi, China 35% Americas Taiwan Dubai Thailand C
Slide 6: Global Sales
Global Sales Group Revenue by Region The Proportion of Exports Europe Americas Others 36% Others Taiwan 11% Taiwan 10% 35% 2022 2022 89% 11% 11% 2021 87% China 2022Y China 2023H 12% Americas 13% Europe 2020 87% 30% 31% 2002 37% UNIVACCO | 6
Slide 7: UNIVACCO represents our core value
UNIVACCO represents our core value A global leading brand of hot stamping and cold transfer products. Unique Chemical Formulas Vacuum Metalizing Coating Technology UNIVACCO | 7
Slide 8: Product Range
Product Range Vacuum Coating Films Optical films Sales Distribution: 94% Sales Distribution: 6% • Hot stamping • Medical Film • Cold Transfer • OEM Coating Service (Sheet Fed Offset/ Narrow Web) • PET Protective Film • Holographic Transfer • Adhesive SMD Cover • Digital Transfer Tape • Function Tran
Slide 9: Wide-ranging Applications
Wide-ranging Applications • Greeting cards / Business cards • Magazines / Books / Calendars • Commercial Printing (Poster, Advertisement) • Folding boxes (food & cosmetics etc.) • Pressure sensitive labels • Wet glue labels • Artificial leather (Book cover etc.) • Plastic tubes (toothpaste, face was
Slide 10: Awards and Honors
Awards and Honors FSEA Gold Award Taiwan Excellence Award Awarded for 13 consecutive years Awarded for 5 consecutive years Y2023-1 Gold, 1 Silver Medals Y2022-Hot stamping 705 new series Y2022-1 Gold, 1 Bronze Medals Y2021-Toner transfer Y2021-1 Silver, 1 Bronze Medals Y2020-Hot stamping RS-01 Y2020
Slide 11: Operation Review
Operation Review UNIVACCO | 11
Slide 12: Consolidated Revenues
UNIVACCO Group Consolidated Revenues NTD million VC Revenue OP Revenue 3,500 2,985 3,000 2,702 2,848 2,808 2,488 2,502 181 176 2,426 2,428 2,368 2,500 940 2,242 122 153 2,667 2,632 806 415 159 625 242 2,366 2,349 2,000 2,209 2,045 2,014 2,000 1,896 1,801 1,500 1,144 74 1,000 1,070 500 0 2013 2014 20
Slide 13: Consolidated Income BTAX
UNIVACCO Group Consolidated Income BTAX NTD million 400 353 353 332 300 276 256 207 191 200 175 160 100 70 70 15 23 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023H VC 166 202 243 310 156 221** 256 276** 332** 353 70 OP 9 (187) (83) (103) (133) (30)* 0 0 0 0 0 *Optoelectronic Films Business
Slide 14: VC Business Performance
Vacuum Coating Products (VC) VC Business Performance Revenue Sales Quantity Gross Profit Margin NTD million Million m² % 2,667 2,632 522 28.9% 2,366 2,349 479 448 471 2,209 431 28.0% 27.2% 1,070 185 25.8% 26% 26% 2018 2019 2020 2021 2022 2023H 2018 2019 2020 2021 2022 2023H 2018 2019 2020 2021 2022
Slide 15: VC Niche Products - Cold Transfer Operating Performance
Vacuum Coating Products (VC) VC Niche Products - Cold Transfer Operating Performance Revenue Sales Qty NTD million 1,252 1,244 Million m² 250 233 233 205 993 1,050 1,057 196 203 572 572 100 100 2018 2019 2020 2021 2022 2023H 2018 2019 2020 2021 2022 2023H YoY 37% 6% 1% 18% (1%) YoY 39% 3% 1% 22% (7%
Slide 16: Export-Sales Ratio After Listing
Vacuum Coating Products (VC) Export-Sales Ratio After Listing • OEM→OBM NTD thousand • Domestic sales→Export 200% Export Domestic Export Revenue 2,483,935 3,000,000 180% 2,500,000 160% 2,000,000 140% 1,500,000 120% 1,000,000 100% 500,000 80% 93% 93% 94% 94% 87% 88% 89% 88% 81% - 60% 69% 69% 71% 64%
Slide 17: Consolidated Statement of Comprehensive Income (YR)
Consolidated Statement of Comprehensive Income (YR) NTD thousand 2023H 2022H YoY% Operating revenue 1,144,013 1,520,047 -25% Gross profit from operations 310,826 456,042 -32% Gross profit margin 27.17% 30.00% Operating expenses (241,181) (248,969) -3% Sales and marketing expenses (73,452) (85,622) -
Slide 18: Consolidated Statement of Comprehensive Income (Q)
Consolidated Statement of Comprehensive Income (Q) NTD thousand 2023Q2 2023Q1 QoQ Operating revenue 586,592 557,421 5% Gross profit from operations 161,211 149,615 8% Gross profit margin 27.48% 26.84% Operating expenses (126,158) (115,023) 10% Sales and marketing expenses (37,221) (36,231) 3% Genera
Slide 19: Two-Year Revenue Trend
Two-Year Revenue Trend NTD thousand Y2023 Y2022 350,000 300,000 250,000 244,010 210,920 200,000 150,000 100,000 50,000 - Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. UNIVACCO | 19
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet NTD thousand 2023/6/30 2022/12/31 2022/6/30 Assets Cash and cash equivalents 458,291 445,834 474,541 Accounts receivable, net 494,130 470,621 654,582 Inventories, net 461,469 583,896 688,515 PPE/ Intangible/ Right-of-use assets 1,406,567 1,384,740 1,419,447 Other assets 27
Slide 21: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow NTD thousand 2023H 2022Y 2022H Net cash flow from operating activities 132,819 377,013 65,580 Net cash (used in) investing activities (99,610) (67,717) (40,373) Net cash (used in) financing activities (13,894) (413,682) (96,482) Impact of Exchange rate (6,858) 15,
Slide 22: Distributed Dividends
Distributed Dividends NTD 3.5 EPS Dividends 2.91 3 2.5 2.2 2.21 2 2 1.85 1.59 1.6 1.65 1.61 1.53 1.5 1.54 1.45 1.3 1.4 1.5 1.2 1 0.60.58 0.5 0.5 0.17 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Distribution 82% 97% 78% 81% 294% 73% 75% 91% 90% 69% Yield UNIVACCO | 22
Slide 23: Sustainability and Corporate Governance
Sustainability and Corporate Governance UNIVACCO | 23
Slide 24: Release ESG Report since 2013
Release ESG Report since 2013 Released ESG reports annually since 2013 for a consecutive decade UNIVACCO | 24
Slide 25: UNIVACCO for a Better Future
UNIVACCO for a Better Future UNIVACCO is a brand you can rely on to deliver outstanding graphic enhancement. As a worldwide leader in hot stamp and cold transfer foils, it is our responsibility to offer a sustainable product offering. UNIVACCO | 25
Slide 26: Implementing the United Nations Sustainable Development Goals
Implementing the United Nations Sustainable Development Goals In our operational model and value chain, we commit to aligning with the 2030 Sustainable Development Agenda, actively addressing the UN Sustainable Development Goals (SDGs). In 2022, following discussions and resolutions by the CSR Commi
Slide 27: Environment
E Environment Environment - Green Product Design and Sustainability Eliminate Carbon Emissions A B C Reduce virgin plastic usage Reduce virgin plastic usage Closed-loop recycling PET Film lightweighting Recycled PET Film Chemical recycling • Thinning by at least 10% • 100% recycled PET from 100% Tra
Slide 28: Environment
E Environment Environment - Green Product Design and Sustainability Hot Stamping & Cold Transfer is an Eco-Friendly Solution No HAZARDOUS Materials Fully RECYCLABLE • Adopting high-solid coating technology DEINKABLE to reduce the use of organic solvents • Developing hazard-free and halogen-free form
Slide 29: Social Responsibility Engagement
S Social Responsibility Social Engagement Sponsorship in Sports Sponsorship in Education National U20 Pole Vault Record Holder LIN,TSUNG-HSIEN. Sponsor to North Tainan of Taiwan Fund for Children and Families for 20 years. UNIVACCO | 29
Slide 30: Governance
G Governance Governance Information disclosure Set up a transparency Corporate Sustainability Committee Certified with Report disclosure compliance Information Security with GRI 2021, TCFD, and Establish a Corporate Management System SASB, and type 1 of AA1000 Governance Director to ISO 27001 Assura
Slide 31: Enhancing ESG Performance: Aligning with International Management Standards
Enhancing ESG Performance: Aligning with International Management Standards ISO 14064-1 ISO 45001 GHG emissions inventory and reporting Occupational health and safety management ISO ISO ISO ISO ISO ISO ISO QC ISO 14064- 14001 14067 14040 50001 45001 9001 080000 27001 1 ISO 14001 ISO 50001 IECQ QC 08
Slide 32: Q4 2023 Outlook
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Slide 33: Q4 2023 Outlook
Q4 2023 Outlook Customers Cost • Global geopolitical and economic • Sufficient PET film inventory for Q4 situation remains unstable Benefits from the market supply-demand imbalances, the main Affected by the ongoing war between Ukraine and Russia, raw material, PET film, favoring an advantageous pro
Slide 34: Disclaimer Statement
Disclaimer Statement The presentation and information presented herein (the “Document”) contain forward-looking statements which may include, but not limited to, statements of the Company regarding business activities, events or developments that occur in the future. The contents are based upon or d
Slide 35: www.univacco.com
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