Hua Eng Wire & Cable Co., Ltd. · TWSE:1608
Hua Eng Wire & Cable — Q2 2024 Earnings Presentation
17 slides from Hua Eng Wire & Cable's earnings presentation, Aug 22, 2024
Slide 1: Q2 Investor Conference
HUA ENG WIRE & CABLE CO., LTD Q2 Investor Conference August 22, 2024
Slide 2: Disclaimer
Disclaimer ◼ The presentation of information in this briefing is based on the Company's assumption of future operations that are forward-looking and is subject to risks and uncertainties and the results of actual operations may differ materially from those of the above-mentioned forward-looking stat
Slide 3: Company Profile
Company Profile ◼ Hua Eng has been established since the foundation was laid on December 8, 1956, until now. Not only have we grown together with Taiwan for more than a decade, during this period, it also encountered many natural disasters and turbulent political and economic environments at home an
Slide 4: Agenda
Agenda ◼ 2024 Q2 Consolidated Income Statement P5~6 ◼ Copper Price Trend P7 ◼ Sales Market P8~17 4
Slide 5: Consolidated Statements of Comprehensive Income - YoY: 6 Months
Consolidated Statements of Comprehensive Income - YoY: 6 Months Consolidated Statements of Comprehensive Income - YoY: 6 Months Unit： NT$'000 2024 2023 Item Q1~Q2 % Q1~Q2 % Change % Operating revenues 5,780,043 100 4,764,679 100 21 Gross profit 474,689 8 317,018 7 50 Operating income 366,650 6 224,0
Slide 6: Reportable segment profit
Reportable segment profit Copper wire Income by segment BWire & cable it : OCopper brass (unit : NT$Thousands) BOthe 306,522 400,000 300,000 200,000 100,000 0 Q1~Q2
Slide 7: 2022~2024 June LME copper monthly average price and annual average price curve chart
2022~2024 JUNE LME copper monthly average price and annual average price curve chart US/T 10500 2022 10000 9500 2023 9000 2024 8500 8000 7500 7000 6500 6000 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Ave. 7
Slide 8: Business Market: Copper Wire
Business Market ◼ Copper Wire Main product 2024 Jan.~Jun. 2023 Jan.~June categories Sales Profit Sales Profit Copper Wire 1,637,647 102,061 958,155 44,175 Domestic and Export Sales Ratio Copper Wire 33% 42% 67% 58% 8.0mm above 8.0mm below Domestic Export 8
Slide 9: Sales Market: Copper Rod
Sales Market ◼ Copper Rod Federal Reserve Chairman Powell said, "The U.S. economy is moving towards stable growth, no longer overheating, and inflation has been improving. Substantial progress and more good data have been achieved. If the policy is tightened for a long time, it may weaken economic
Slide 10: Sales Market: Copper Rod
Sales Market ◼ Copper Rod Taiwanese copper wires of 8.0mm~2.6mm are exported to China. The ECFA agreement is suspended from 6/15, and tariffs is restored to 2~4%, which will increase costs for some customers and affect Hua Eng's sales. Looking forward to the electric vehicle and green energy sto
Slide 11: Power Cable
◼ Power Cable Main product 2024 Jan.~Jun. 2023 Jan.~Jun. categories Sales Profit Sales Profit Rubber Cable 82,238 14,190 45,791 4,960 Low Voltage 1,026,101 107,928 913,165 106,257 Power Cable Medium Voltage 281,553 36,614 306,789 47,822 Power Cable Ultra High Voltage Power 594,999 79,715 610,580 98,
Slide 12: Power Cable
◼ Power Cable Power Cable 4% 30% 52% 14% Rubber Low Vol. Medium Vol. High Vol. 12
Slide 13: Power Cable
◼Power Cable Rubber cables: Due to the reconstruction of coal-fired power plants and the use of soft and fire-resistant rubber cables for new gas-fired power generation units, the company's technology has advantages, and the current orders total 151 million NTD. Low-voltage power cables: Manufac
Slide 14: Power Cable
◼Power Cable Medium-voltage cables: Preparation for machine electronic control updates, equipment production capacity is sufficient, strengthening orders from the private market and has obtained annual new bids of 200 million NTD. The total contract value of medium-voltage cables is 1.2 billion NT
Slide 15: Power Cable
◼Power Cable Ultra-high voltage power cable: Accelerate the certification of the second supplier of 345kV high-voltage equipment, and win the annual bid. Ultra-high voltage production plan schedule: There will be more 345kV production orders in the second half of the year, which will be clear by
Slide 16: Communication Copper Cable and Fiber Optic Cable
◼ Communication Copper Cable and Fiber Optic Cable Main product 2024 Jan.~Jun. 2023 Jan.~Jun. categories Sales Profit Sales Profit Fiber Optic Cable 66,522 18,116 69,681 20,323 In recent years, global mobile, fixed-line broadband and AI artificial intelligence have become the competitiveness of the
Slide 17: Various Product Sales Combination
Various Product Sales Combination 17