Fusheng Precision Co. Ltd. · TWSE:6670
Fusheng Precision — Q4 2022 Earnings Presentation
14 slides from Fusheng Precision's earnings presentation, Apr 12, 2023
Slide 1: Fusheng Precision Co. Ltd. 2022/Q4
Fusheng Precision Co. Ltd. TWSE：6670 2022/Q4 Apr. 12, 2023 1
Slide 2: Company Profile
Company Profile Financial Performance Key Messages Q&A 2
Slide 3: Fusheng Group Key Milestones
Fusheng Group Key Milestones 1953 1992 2001 2004 2010 2018/7 2018/12 Fusheng Group Set up GS in China Established Acquired and set Group Restructuring Invested NFT FSP listed in founded Electronics Division up FSPT Became the first off- Fusheng Precision: An aerospace casting TWSE The founding busin
Slide 4: Our Plant Sites
股票代號：6670 Our Plant Sites Zhongshan Aubo (Golf Club Head Accessories) Zhongshan Worldmark Headquarter & Taoyuan Factory 1,000+ (TiW front-end/Forge/IPP) (TiW back-end/MW&IR whole process/Carbon Fiber) 800+ 6,000+ Vietnam Vision FS Precision Tech (MW&IR whole process (Automotive/Aerospace Products) /
Slide 5: Major Customers
Major Customers My ae Collins Aerospace GE Aviation id E.TeN BAUER ce [- ©Fujikura Pate Arras uo ere H@ WMA. ZINN PRs © YAMAHA ® DUNLOP tha h PING S/\ZNG A FUSHENG
Slide 6: Financial Performance
Company Profile Financial Performance Key Messages Q&A 6
Slide 7: Statement of Comprehensive Income
股票代號：6670 Statement of Comprehensive Income (In NT$ millions) 4Q 2022 3Q 2022 QoQ 2022 2021 YoY Net Revenue 9,216.7 8,044.1 14.6% 33,716.3 23,215.0 45.2% Gross Margin 2,621.0 2,037.3 28.7% 8,615.2 5,469.0 57.5% Operating Margin 1,765.8 1,329.5 32.8% 5,761.4 3,140.2 83.5% Profit before Tax 1,523.0 1,
Slide 8: Operating Performance
股票代號：6670 Operating Performance Sales Net Profit EPS EBITDA GM % EBITDA % 40,000 40 6,000 35% 36.64 5,518 35,000 33,716 35 5,000 30% 30,000 30 4,000 25.6% 3,838 25.6% 25,000 23,215 25 24.6% 22.8% 25% 22.6% 3,223 22.9% 23.6% 2,784 20,000 20 3,000 21.6% 17,201 20.1% 16,49917,002 16,008 18.03 19.4% 16.
Slide 9: Sales by Products
股票代號：6670 Sales by Products In NT$ Millions 35,000 33,716 3% 10% 30,000 24,500 5% Others 10% 25,000 23,215 Baseball & Softball bats 4% 10% Aerospace & Automotive Parts 20,000 17,201 4% 16,008 6% Skates & Boots & Protective Gears 5% 5% 14,228 15,000 4% 4% 5% Club Head Accessories 4% 4% 1% 4% 72% 6% G
Slide 10: Balance Sheet
股票代號：6670 Balance Sheet (In NT$ millions) 2022/12/31 % 2022/9/30 % 2021/12/31 % Cash 4,508 20.0% 3,641 16.8% 1,454 8.4% Account Receivables 5,648 25.0% 5,121 23.7% 3,934 22.7% Inventories 4,338 19.2% 4,796 22.2% 4,715 27.2% Current Assets 15,462 68.5% 14,681 67.9% 11,197 64.6% PPE 5,015 22.2% 5,028
Slide 11: Key Messages
Company Profile Financial Performance Key Messages Q&A 11
Slide 12: Key Message (1/2) - Golf Industry
股票代號：6670 Key Massage(1/2) - Golf Industry US Rounds Played – 2022 vs. 2021 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec +13.0% • As of February ’23, US rounds played YTD +1.8%. YoY +2.7% +2.5% +3.9% YTD -0.2% -2.6%-2.5% -2.4% -2.8% -3.7% -5.7% -4.0% • Total US Golf Equipment Retail Market (On-Of
Slide 13: Key Message (2/2) – Business Outlook by Product
股票代號：6670 Key Massage(2/2) – Business Outlook by Product Golf Club Head (72% of sales) • At this stage, there has not been a significant correction in the end market, but customers and channels have high inventory levels, which will take some time to digest • The Korean market is rising, and Japanes
Slide 14: Q&A
Company Profile Financial Performance Key Messages Q&A 14