Slide 1: Asia Polymer Corporation Investor Conference
2025 11/25 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: Established Date, Capital and Employees
Established Date Jan.25,1977 Capital NT $5,940M No. of Employees 233 (2025.11.01) 2025Q1-Q3 2024Q1-Q3 Revenue Consolidated：NT$4,341M NT$4,478M 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 APC’s LDPE products are mainly mid to high-end applications of used in taylor made products and LDPE in TAIWAN high end applications. semiconductor packaging, low-gel protective film, medical uses food packaging, electronic packaging, cosmetic packaging, hygiene products Medica
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: OPEC+ production increases offset geopolitical instability, resulting in a slight downward trend in crude oil prices in Q3. Ethylene: With fewer deep-sea cargos, South Korean petrochemical plants reducing production, and new PVC capacity coming online
Slide 13: EVA Prices Review
EVA Prices Review 2023 2024 2025 Source from: ICIS 12
Slide 14: LDPE Price Review
LDPE Price Review LDPE NEA Ethylene NEA 1800 1700 2023 2024 2025 1600 1500 1400 1300 1200 1100 1000 900 800 USD/MT 700 600 500 400 300 Source from: platts 13
Slide 15: LDPE Operation Review: Q1~Q3 2025
LDPE Operation Review: Q1~Q3 2025 ● In Q3 2025, the price of lami-grade LDPE remained relatively stable between US$1,150 and US$1,240/MT. ● Domestic demand remained stable, while export demand was influenced by the EVA market rebound starting in August. EVA's profit margin was higher than that of ge
Slide 16: EVA Operation Review: Q1~Q3 2025
EVA Operation Review: Q1~Q3 2025 ● In mid-June, the Israel-Iran War broke out, causing oil prices to rise. Downstream customers replenished their EVA inventory, and the price stopped dropping. Due to US tariffs, some shoes OEM customers suspended procurement in Q2, and finally resumed purchasing aft
Slide 17: Sales Review: Q1-Q3 2023~2025
Sales Review: Q1-Q3 2023~2025 LDPE/EVA Sales Volume Comparison Sales Volume 2023Q1-Q3 2024Q1-Q3 2025Q1-Q3 (KMT) LDPE 24 35 36 EVA 72 62 65 Total 96 97 101 16
Slide 18: Sales of Lami-grade EVA
Sales of Lami-grade EVA thermal laminating pre-coated thermal pouches lamination film 17
Slide 19: Sales of PV Grade EVA
Sales of PV Grade EVA PV Film 18
Slide 20: APC's EVA Application Proportion
APC’s EVA Application Proportion PV PV 9% FOAM(H) 15% FOAM(H) 21% 27% Sales in 2024 Q1-Q3: Sales in 2025Q1-Q3: 61,977MT EVA 64,972 MT Lami. FOAM(L) 41% 20% EVA FOAM(L) Lami. 23% 44% 19
Slide 21: Sales Volume in Recent Five Years
Sales Volume in Recent Five Years 120,000 98,897 101,152 95,921 96,397 96,965 100,000 80,000 64,973 61,977 72,231 60,000 72,546 72,060 40,000 20,000 34,988 36,179 26,666 23,375 24,337 0 2021Q1-Q3 2022Q1-Q3 2023Q1-Q3 2024Q1-Q3 2025Q1-Q3 LDPE EVA Total 20
Slide 22: Business Outlook for Q4
Business Outlook for Q4 Crude Oil： With no signs of OPEC+ production cuts and international economic conditions suppressing oil demand, crude oil prices may pull back in Q4. Ethylene (C2)： With new capacity continuing to come online, C2 downstream margins remaining weak and demand staying low, a
Slide 23: Business Outlook for Q4
Business Outlook for Q4 EVA： Mainland China maintains its export tax rebate policy for PV products. The excess inventory of modules produced between August and September needs time to absorb. PV demand in Q4 may be soft. South Korea's new 300 KMT EVA production line began trial operation at the
Slide 24: Business Outlook for Q4
Business Outlook for Q4 LDPE： The domestic market remains relatively stable, with high demand for food packaging during the year-end and Lunar New Year seasons. The supply of lami-LDPE in Mainland China is relatively limited, with no new production capacity expected currently. Its price is alrea
Slide 25: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 24
Slide 26: Financial Information
APC Reported By: David Chang (Accounting Manager) Financial Information (For the Nine Months Ended September 30, 2025) 2 5
Slide 27: Consolidated Statements of Income
Consolidated Statements of Income (In millions of NTD, except per share data) 2025 2024 2024 2023 2022 2021 Increase 1/1~9/30 1/1~9/30 (Decrease) FY FY FY FY (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) Sales 4,341 4,478 (138) 6,031 6,717 9,815 9,566 Cost
Slide 28: Financial Ratio Analysis-Consolidated
Financial Ratio Analysis-Consolidated 2025 2024 2023 2022 2021 1/1~9/30 FY FY FY FY Operating income(loss) margin(%) (1) (2) 14 30 35 Net income(loss) margin(%) (16) (12) 2 15 32 Debt ratio(%) 15 16 11 13 19 Current ratio(%) 255 299 324 244 211 Quick ratio(%) 179 225 243 199 173 Accounts receivable
Slide 29: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 28
Slide 30: Thanks for attending and kind support!
Thanks for attending and kind support! Company Website：http://www.apc.com.tw 29