Asia Polymer Corporation · TWSE:1308
Asia Polymer — Q1 2026 Earnings Presentation
29 slides from Asia Polymer's earnings presentation, May 15, 2026
Slide 1: Asia Polymer Corporation Investor Conference
2026 05/15 Asia Polymer Corporation Investor Conference
Slide 2: Disclaimer
Disclaimer This presentation includes the Company’s current information and any developments or adjustments thereof will be published according to laws, regulations or rulings. The Company is not obligated to update or revise this presentation. The information in this presentation is not for investm
Slide 3: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 2
Slide 4: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 3
Slide 5: Brief Introduction to APC
APC Reported By: Kevin Huang (Sales Director) Brief Introduction to APC 4
Slide 6: Company facts: established date, capital, employees
Established Date Jan.25,1977 Capital NT $5,940M No. of Employees 230 (2026.4.30) 2026Q1 2025Q1 Revenue Consolidated：NT $1,302M NT$1,534 5
Slide 7: LDPE/EVA Plant
LDPE/EVA Plant Production Facility Annual Capacity Main Products • 4 sets of High- • Total at 150KMT • Low Density Pressure Polyethylene Resin autoclave (Lamination/Injection /Film Grades) production lines • Ethylene-Vinyl Acetate Copolymer Resin(High-Elastic Foaming/Extrusion Coating/PV/W&C Grades)
Slide 8: APC LDPE applications
APC LDPE applications High-End Applications APC’s products are primarily applied in Semiconductor packaging, Low-gel differentiated and customized high-end markets. protective films, Medical equipment Mid-Range Applications Food packaging, Electronic packaging, Hygiene products, Cosmetic packaging 1
Slide 9: APC EVA major applications
APC EVA major applications EVA Solar Grade EVA Coating Grade Shoe’s material Wire & Cable 8
Slide 10: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 9
Slide 11: Business Review and Outlook
APC Reported By: Kevin Huang (Sales Director) Business Review and Outlook 10
Slide 12: Crude Oil / Ethylene Monomer Review
Crude Oil / Ethylene Monomer Review Crude Oil：Geopolitical tensions escalated, driving crude oil prices to rebound from early- 2026 lows. Following the outbreak of the U.S.-Iran war in late February, oil prices surged and once reached US$118/bbl by the end of March. Ethylene：Ethylene market remain
Slide 13: EVA Prices Review
EVA Prices Review EVA 14%~20% CFR CMP EVA 22%~30% CFR NEA Ethylene CFR NEA VAM Lami-EVA CIF CMP 2300 2024 2025 2026 2100 2023 2024 2025 1900 1700 1500 USD/MT 1300 1100 900 700 12 500 Source from: ICIS
Slide 14: LDPE Price Review
LDPE Price Review LDPE NEA Ethylene CFR NEA 1800 2024 2025 2026 1600 2023 2024 2025 1400 USD/MT 1200 1000 800 600 Source from: platts 13
Slide 15: LDPE Operation Review: Q1 2026
LDPE Operation Review: Q1 2026 Domestic sales remained stable in Jan–Feb. In March, war-driven panic buying emerged. To avoid customer stockpiling, domestic sales orders were accepted based on last year's average purchase volume. Export market development was actively expanded in Jan–Feb, while co
Slide 16: EVA Operation Review: Q1 2026
EVA Operation Review: Q1 2026 ● New capacities from Zhejiang Petrochemical and Levima started up at the end of last year, further intensifying oversupply pressure. On the demand side, China's announcement to cancel PV export tax rebates effective Apr. 1, 2026 prompted film producers to moderately re
Slide 17: Sales Review: 2024Q1 to 2026Q1
Sales Review：2024Q1 to 2026Q1 LDPE/EVA Sales Volume Comparison Sales Volume 2024Q1 2025Q1 2026Q1 (KMT) LDPE 8 11 12 EVA 26 23 20 Total 34 34 32 16
Slide 18: APC's EVA Application Proportion
APC’s EVA Application Proportion PV FOAM(H) PV 0% FOAM(H) 19% 21% 22% Sales in 2025 Q1: Sales in 2026Q1: EVA FOAM(L) 22,555MT Lami. 20,026 MT 15% 51% FOAM(L) EVA 27% Lami. 45% 17
Slide 19: Sales of Lami-grade EVA
Sales of Lami-grade EVA UNIT:MT. thermal laminating pre-coated thermal 10,135 10,209 pouches lamination film 9,588 4,883 3,858 2,848 2021Q1 2022Q1 2023Q1 2024Q1 2025Q1 2026Q1 18
Slide 20: Sales of PV Grade EVA
Sales of PV Grade EVA UNIT:MT. 6,102 PV Film 5,780 5,545 4,719 3,108 50 2021Q1 2022Q1 2023Q1 2024Q1 2025Q1 2026Q1 19
Slide 21: Business Outlook for Q2
Business Outlook for Q2 Crude Oil& Ethylene(C2)： The U.S.-Iran situation remains highly volatile, making oil prices fluctuate unpredictably. Ethylene prices have gradually weakened since mid-April due to plant restarts and monomer resale by some Chinese producers. VAM： During Mar–Apr, war-relate
Slide 22: Business Outlook for Q2: EVA
Business Outlook for Q2 EVA : Weak solar demand and renewed oversupply concerns in China since mid-April widened the gap between domestic China prices and USD export offers. By early May, Southeast Asian markets were also affected by low-priced Chinese cargoes. Although the U.S.-Iran conflict ha
Slide 23: Business Outlook for Q2: LDPE
Business Outlook for Q2 LDPE : International LDPE prices declined in mid-to-late April following the correction in ethylene prices, though overall supply remained relatively tight. Domestic sales stayed generally stable in Apr–May. While export coating-grade LDPE prices also softened, buying inter
Slide 24: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 23
Slide 25: Financial Information
APC Reported By: David Chang (Accounting Manager) Financial Information (For the Three Months Ended March 31, 2026) 2 4
Slide 26: Consolidated Statements of Income
Consolidated Statements of Income (In millions of NTD, except per share data) 2026 2025 2025 2024 2023 2022 Increase 1/1~3/31 1/1~3/31 (Decrease) FY FY FY FY (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) Sales 1,302 1,534 (232) 5,743 6,031 6,717 9,815 Cost
Slide 27: Financial Ratio Analysis-Consolidated
Financial Ratio Analysis-Consolidated 2026 2025 2024 2023 2022 1/1~3/3 FY FY FY FY Operating income(loss) margin(%) 1 0 (2) 14 30 Net income(loss) margin(%) (9) (18) (12) 2 15 Debt ratio(%) 12 13 16 11 13 Current ratio(%) 271 304 299 324 244 Quick ratio(%) 168 196 225 243 199 Accounts receivable tur
Slide 28: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 27
Slide 29: Thanks for attending and kind support!
Thanks for attending and kind support! Company Website：http://www.apc.com.tw 28