Slide 1: CHC Resources Corporation Investor Conference
CHC Resources Corporation Investor Conference 2026 / 09 / 23 1
Slide 2: Disclaimer
Disclaimer The information provided in this presentation contains forward-looking statements. These forward-looking statements are based on current expectations, but are subject to known and unknown risks and uncertainties. Therefore, actual results may differ materially from those expressed in thes
Slide 3: Agenda
Agenda 01 Company Overview 02 Financial Highlights 03 Operations & Future Prospects 3
Slide 4: Company Overview
Company Overview GBFS Cement Business 1991 1999 Established Listed Taiwan's largest producer and seller of Ground-Granulated Blast Furnace Slag (GGBFS), serving ready-mixed concrete, construction, and public infrastructure markets. NT$13.99 billion 2025 Consolidated Revenue Resource Reutilization Bu
Slide 5: Major Investments
Company Overview Major Investments Ownership 85% Ownership 93% Ownership 51% CHC Resources Vietnam Union Steel Development Pao Good Industrial Annual Revenue: NT$1.25 billion Annual Revenue: NT$0.4 billion Annual Revenue: NT$0.17 billion Location: Vietnam Location: Taiwan Location: Taiwan Main Busin
Slide 6: GBFS Cement Business
Company Overview GBFS Cement Business Upstream Midstream Downstream CHC GBFS of Applications & Public construction Steel Mill Main Products Functions • Construction Ready-Mixed GGBFS Concrete Plants projects Fly Ash • Coastal and Cement Plants marine Construction Plant GGBFS Cement engineering GBFS
Slide 7: Resources Reutilization Business
Company Overview Resources Reutilization Business Aggregate, subbase, BOF slag fine powder Cement plant, Aggregate for asphalt concrete plant, Coastal and marine BF slag C Aggregate engineering Cement plant, construction plant Steel mill Mineral sludge Mill scale Cement plant Desulfurization Slag H
Slide 8: Consolidated Income Statement (Q2)
Financial Highlights Consolidated Income Statement Unit: NT$ million Item 2026Q2 % 2025Q2 % YoY (%) Revenue 3,382 100 3,682 100 (8) Cost of Revenue 2,927 87 3,116 85 (6) Gross Profit 455 13 566 15 (20) Operating Expenses 151 4 133 4 14 Operating Income 304 9 433 11 (30) Non-Operating Income & Expens
Slide 9: Consolidated Income Statement (H1)
Financial Highlights Consolidated Income Statement Unit: NT$ million Item 2026H1 % 2025H1 % YoY (%) Revenue 6,669 100 7,144 100 (7) Cost of Revenue 5,720 85 6,025 84 (5) Gross Profit 949 15 1,119 16 (15) Operating Expenses 296 4 259 4 14 Operating Income 653 11 860 12 (24) Non-Operating Income & Exp
Slide 10: Consolidated Balance Sheet and Cash Flows
Financial Highlights Consolidated Balance Sheet Unit: NT$ million Consolidated Statement of Cash Flows Unit: NT$ million Item 2026.06.30 2025.06.30 Item 2026H1 2025H1 Total Assets 11,286 11,485 Cash Flows from Operating Activities 1,201 1,079 Cash & Cash Equivalents 574 630 Profit Before Income Tax
Slide 11: Consolidated Revenue & EPS
Financial Highlights Consolidated Revenue & EPS 160 6 140 5 120 4 100 Revenue YoY: −7% NTD 100 80 EPS YoY: −20% 3 NTD million per share 60 2 40 1 20 0 0 2023 2024 2025 2025H1 2026H1 Consolidated Revenue 123.95 132.91 139.91 71.44 66.69 EPS 3.38 4.66 4.96 2.70 2.16 11
Slide 12: Stock Price & P/E Ratio
Financial Highlights Stock Price & P/E Ratio 80 20 18 60 16 NTD per share 40 P/E Ratio 14 20 12 0 10 2023 2024 2025 Average Closing Price 52.8 64.1 71.7 P/E Ratio 15.6 13.8 14.5 12
Slide 13: Key Financial Index
Financial Highlights Key Financial Index 55.0% 20.00% 50.0% 15.00% 45.0% 10.00% 40.0% 5.00% 35.0% 0.00% 2023 2024 2025 2026H1 30.0% 2023 2024 2025 2026H1 ROA 7.55% 10.29% 11.14% 4.98% Debt Ratio 48.8% 43.6% 40.6% 43.2% ROE 13.84% 18.29% 18.61% 8.28% Note: 2023–2025 figures are full-year results; 202
Slide 14: Key Financial Index
Financial Highlights Key Financial Index 20.0% 15.0% 10.0% 5.0% 0.0% 2023 2024 2025 2026H1 Gross Margin 12.6% 15.0% 15.1% 14.2% Operating Margin 8.7% 11.1% 11.2% 9.8% Net Profit Margin 6.9% 8.9% 9.0% 8.2% 14
Slide 15: EPS & Dividend
Financial Highlights EPS & Dividend 6.00 5.00 4.00 NTD 3.00 per share 2.00 1.00 0.00 2023 2024 2025 EPS 3.38 4.66 4.96 Dividend per Share 3.0 4.0 4.0 Dividend Payout Ratio 89% 86% 81% 15
Slide 16: Domestic Market – Economic Growth Rate
Operations & Future Prospects Domestic Market – Economic Growth Rate 12 11.05 10 8.76 8 6.72 6 6.04 5.27 4 2.68 2 1.08 0 2021 2022 2023 2024 2025 2026 2027 (Forecast) (Forecast) Source: 2026.08.14 Directorate General of Budget, Accounting and Statistics 16
Slide 17: Domestic Market – Construction License Issued and Construction statistics
Operations & Future Prospects Domestic Market – Construction License Issued and Construction statistics 45,827 43,425 39,943 37,443 35,440 32,975 32,568 32,630 30,752 30,500 29,697 -17.45% 23,596 -8.99% -6.74% -20.54% 2021 2022 2023 2024 2025 2026 (Estimate) 2021 2022 2023 2024 2025 2026 (Estimate)
Slide 18: Domestic Market – Public Infrastructure Budget
Operations & Future Prospects Domestic Market – Public Infrastructure Budget Unit: NT$100 million Item 2026 2027 Change Public Infrastructure Programs 2,883 3,794 +911 (+31.6%) Project-Based Public Infrastructure Budgeted by Special Funds and Their 3,820 3,494 −326 (−8.5%) Subsidiary Units Total Amo
Slide 19: Taiwan Macroeconomic Outlook
Operations & Future Prospects Taiwan Macroeconomic Outlook According to the latest statistics from the Directorate-General of Budget, Accounting and Statistics (DGBAS), Taiwan's economic growth rate reached 14.15% in the first half of 2026. Driven by strong demand for AI, high-performance computing,
Slide 20: Taiwan Macroeconomic Outlook
Operations & Future Prospects Taiwan Macroeconomic Outlook In the construction sector, while the residential market experiences declining transaction volumes and price consolidation, its primary growth momentum and support stem from the nationwide wave of tech plant construction, industrial park exp
Slide 21: Domestic Market Outlook – Demand
Operations & Future Prospects Domestic Market Outlook – Demand In Q2 2025 and Q2 2026, both construction license issuances and groundbreaking areas declined, with groundbreaking experiencing a sharper drop. Impacted by the Central Bank's credit controls, new soil disposal regulations, labor shortage
Slide 22: Domestic Market Outlook – Supply
Operations & Future Prospects Domestic Market Outlook – Supply In response to the trend of energy transition, power plants have been gradually shifting from coal-fired to gas-fired generation, resulting in a long-term decrease in fly ash supply. The ready-mixed concrete industry has replaced fly a
Slide 23: Grinding Production Line Expansion Projects
Operations & Future Prospects Grinding Production Line Expansion Projects Driven by the government's net-zero carbon policy, demand for low-carbon products continues to grow. Our GGBFS products offer low-carbon and environmentally friendly characteristics, with promising market potential. We hav
Slide 24: 2026: Steady Progress
Operations & Future Prospects 2026: Steady Progress 01 02 03 Macroeconomics Market Demand Strategic Expansion Riding on strong AI and Despite a cooling housing Initiating expansion plans for semiconductor capital market, demand momentum is grinding plants in central and expenditures, Taiwan’s econom
Slide 25: Awards & Certifications
Operations & Future Prospects Awards & Certifications 2026 Certified with A-Level under Taiwan Intellectual Property Management System Air-Cooled Blast Furnace Slag as a road base/subbase aggregate has been awarded the Green Building Material Label by the Ministry of the Interior. Passed ISO 2
Slide 26: Vision
Vision Commit to Resources Sustainability and Value Innovation Become an Excellent Enterprise of Circular Economy 26
Slide 27: Q&A
Q&A 27