Bafang Yunji International Co., Ltd. · TWSE:2753
Bafang Yunji International — Q3 2023 Earnings Presentation
21 slides from Bafang Yunji International's earnings presentation, November 2023
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
Brand Situation
Slide 4: Our Brands
Our Brands BAFANG DUMPLIENG {
Slide 5: 2023/11 Franchises Updates
2023/11 Franchises Updates Region Taiwan Region Hong Kong Region U.S. Number 1,002 209 43 20 Number 54 12 5 2 Number 4 2% 100% 80% 29% 30% 60% 50% 56% 40% 67% 20% 98% 71% 44% 70% 33% 100% 0% 100% 0% 50% 100% 0% 0% Franchises Direct Store
Slide 6: 3Q 2023 Financial Results
RSE ABER ERB DB IRA) BAFANG YUNJI INTERNATIONAL CO.LTD 3Q 2023 Financial Results
Slide 7: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit : NT$ million 40% 2,000 1,925 38% 1,600 1,776 1,771 1,726 1,772 36.6% 36.7% 36% 1,200 35.5% 35.6% 34% 800 34.1% 650 650 613 631 657 32% 400 0 30% 3Q22 4Q22 1Q23 2Q23 3Q23 Sales GP GPM 3Q23 YoY QoQ Sales 8.4% 8.7% GP 1.1% 4.1%
Slide 8: Sales Breakdown
Sales Breakdown by Regions _3Q23 by Brands_3Q23 3.9% 3.0% 0.8% 18.5% 24.0% 72.1% 77.6% 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 3Q23 2Q23 3Q22 Items QoQ YoY Amount % Amount % Amount % Selling 370 19.2% 352 19.9% 4.9% 336 18.9% 10.0% expenses Administrative 109 5.7% 101 5.7% 7.9% 112 6.3% -2.2% expenses R&D 5 0.3% 5 0.3% 2.5% 6 0.3% -13.5% expenses
Slide 10: Net Profits after Tax & EPS
Net Profits after Tax & EPS Unit : NT$ million 250 9.8% 10% 9.0% 200 8.0% 7.5% 7.5% 8% 150 100 6% 50 174 159 129 141 144 0 4% 3Q22 4Q22 1Q23 2Q23 3Q23 EPS 2.69 2.47 2.00 2.17 2.24 Profits after tax Profit margin * Cash capital increase of 60 million in September 2021
Slide 11: 3Q23 Takeaway/delivery ratio
3Q23 Takeaway/delivery ratio Region Taiwan Hong Kong U.S. Brand Takeaway/ 74.5% 87.7% 63.6% 64.6% 55.3% 57.5% 66.6% delivery In-store 25.5% 12.3% 36.4% 35.4% 44.7% 42.5% 33.4% dining
Slide 12: 1-3Q 2023 Financial Results
RSE ABER ERB DB IRA) BAFANG YUNJI INTERNATIONAL CO.LTD 1-3Q 2023 Financial Results
Slide 13: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit : NT$ million 40% 6,000 37.3% 38% 5,423 5,029 4,000 36% 35.1% 34% 2,000 1,876 1,902 32% 0 30% 1-3Q22 1-3Q23 Sales GP GPM 1-3Q23 YoY Sales 7.8% GP 1.4%
Slide 14: Sales Breakdown
Sales Breakdown by Regions_1-3Q23 by Brands _1-3Q23 3.7% 2.5% 0.9% 18.9% 23.7% 72.9% 77.4% Bafang Liang She-Han Taiwan HK U.S. FJ Veggie Dante All three brands in HK are under Bafang
Slide 15: Operating Expenses
Operating Expenses Unit : NT$ million 1-3Q23 1-3Q22 Items YoY Amount % Amount % Selling 1,067 19.7% 975 19.4% 9.4% expenses Administrative 307 5.7% 317 6.3% -3.2% expenses R&D 15 0.3% 16 0.3% -2.9% expenses
Slide 16: Net Profits after Tax & EPS
Net Profits after Tax & EPS Unit : NT$ million 9.7% 10% 500 400 7.6% 8% 300 200 6% 100 486 414 0 4% 1-3Q22 1-3Q23 EPS 7.53 6.41 Profits after tax Profit margin * Cash capital increase of 60 million in September 2021
Slide 17: Balance Sheets & Key Indices
Balance Sheets & Key Indices Unit : NT$ million Items 9/30/2023 12/31/2022 9/30/2022 Amount % Amount % Amount % Cash & Marketable Securities 1,490 24.8% 1,928 32.9% 1,665 29.5% Inventories 271 4.5% 227 3.9% 281 5.0% Net PP&E 2,291 38.2% 1,710 29.2% 1,732 30.7% Total Assets 5,998 100.0% 5,858 100.0%
Slide 18: Cash Flows
Cash Flows Unit : NT$ million Items 1-3Q23 1-3Q22 Beginning Balance 690 1,248 Cash flows from operating 841 982 activities Cash flows used in investing (230) (570) activities Cash flows used in financing (577) (821) activities Ending Balance 746 896
Slide 19: Dividend Policy
Dividend Policy 8/10/2023 Board of Directors Approved NT$2 Cash Dividend for the First Half of 2023 12 75.0% 80% 74.2% 74.4% 10 10.55 70% 10.00 8 61.6% 8.74 8.09 60% 7.50 6 6.50 6.50 6.00 50% 4 40% 2 - 30% 2019 2020 2021 2022 EPS(NT$) Cash dividend(NT$) Payout Ratio
Slide 20: SERRA IR,
Ni MB SERRA IR, "YUNJI INTERNATI an
Slide 21: Investor Relations
Investor Relations ◆ Email: IR@8way.com.tw ◆ Website: www.8way.com.tw
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