Turvo International Co., Ltd. · TWSE:2233
Turvo International — Investor Presentation (October 2020)
42 slides from Turvo International's investor presentation, Oct 28, 2020
Slide 1: Visions of TURVO
® TURVO Turvo International Co., Ltd www.turvo.com.tw Visions of TURVO To be the most competitive modular solution provider in the field of CNC turning
Slide 2: Company Profile, Current Progress, Future Plan
Company Profile Current Progress Future Plan 2
Slide 3: Company Profile, Current Progress, Future Plan
Company Profile Current Progress Future Plan 3
Slide 4: Company Profile
Company Profile Established time 1987 29th December President Tony Liu No.59, Jing 2 Rd., Taichung Harbor Export Processing Zone, Wuci Dist., Taichung location City 435, Taiwan main products Precision metal parts for automotive, medical, industrial applications, bicycles...Etc. Capital NT$602,881,00
Slide 5: Milestones
Milestones 1987s 2000s 2010~Now 1987 Turvo established 2001 QS 9000 Certified 2010 ISO 13485 Certified 1996 DG plant established 2004 Supplier of BOSCH 2010 Automation Dep. established 1996 Supplier of SEAGATE 2005 Supplier of NN 2011 IPO in Taiwan (2233.TW) 1996 Supplier of J&J 2006 TS16949 Certifi
Slide 6: Organization Chart
Organization Chart President Auditing office Tony Liu Teresa Lan VICE President Johnny Wu President office Executive Vice GM Alex Tsai Thailand plant Henry Chen Dongguan plant Steven Chen R&D Automation New product Sales & Market Admin. Brian Liu Jiashan plant Arnie Huang Brian Chang Huaichi Pan Sta
Slide 7: Locations
Locations MAINLAND CHINA Turvo Jiashan Turvo HQ Taiwan MSAT Thailand Turvo Dongguan
Slide 8: Production Centers
Production Centers Taiwan 283 employees, 16,000 m2 In Taichung harbor Dongguan Plant 651 employees, 30,000 m2 Near Shenzhen,China Jiashan Plant 628 employees, 27,000 m2 Near Shanghai, China MSAT 23 employees, 5,248 m2 Near Bangkok, Thailand
Slide 9: Enterprise branch status
Enterprise branch status Affiliates Location Capital Mainly Working R&D (New manufacturing Turvo technique) NTD Production base for high-tech, international Taichung- Wuqi 602,881K high added value, and low Co,Lte. quantity of flexible production. Marketing: Export-oriented R&D (Improving and optimi
Slide 10: Enterprise branch status
Enterprise branch status Affiliates Location Capital Mainly Working R&D (Improving and optimizing original tech) Zhejiang Jiashan, USD Production base for middle China YuZuan Zhejiang 23,000K customer and overseas customer Marketing: Mainly – China area Secondary –Exportation Forging Thatoom, Produc
Slide 11: Production Equipment
Production Equipment 11
Slide 12: Multi-Spindles CNC machines
Multi-Spindles CNC machines 12
Slide 13: Multi-Spindles CNC machines
Multi-Spindles CNC machines 13
Slide 14: Degen Honing Machine
Degen Honing Machine 14
Slide 15: Cold Forging
NT TTT) Ppp) HU HT gg Ny tr FT ban
Slide 16: Heat Treatment
Heat Treatment 16
Slide 17: Quality Certificates
Quality Certificates ISO 9001:2015 Certified in Feb. 2018 IATF16949:2016 Certified in Feb. 2018 ISO 13485 Certified in Sep. 2019 ISO 14001 Certified in Sep. 2019 OHSAS 18001 Certified in Sep. 2019 17
Slide 18: Roadmap of Turvo's growth
Roadmap of Turvo’s growth Co-work with R&D Center for New Now Technical Authorization and Production Development Transferring Strategic Partners Prior for Participating New Projects /Products Development 2008~2012 Optimal Profit Margin No Incoming Inspection Activities Needed by Customers Top Rankin
Slide 19: Automotive
Automotive • Key components to both Gasoline and Diesel injection system • Key components to High pressure pump • Transmission Control Unit • VCT control unit • ABS brake system
Slide 20: Medical
Medical • The world’s largest diabetes treatment products company. • Turvo supplies core components for insulin syringe system. • Process and quality pursue 0 PPM performing rate. Results: 2018 delivered 9M PCS at 0PPM.
Slide 21: Industry
Industry • The world’s largest industrial automation sensor and control system provider. •High accuracy and reliability requirements due to extreme working environment. •2 million times of high temperature and pressure test approval is required. End-customer Application
Slide 22: Bicycle and Others
Bicycle and Others leading brands of shock absorbers/hubs in bicycle products Turvo has equipped quick changeover + efficient integration of outsourced process (Anode/heat treatment) to provide superior quality in response to large and frequent pull in/push out situations
Slide 23: High-Value Customers
TURVO* -Value Customers BOSCH DENSO INTERNATIONAL I trial <G CooperStandard 7 Mubea ndustria HITACHI a SITGroup Inspire the Next KTR Amphenol 4) © SANDVIK a i) FMS D Ee SNE smuths medical SCHAEFFLER LZ odd -23-
Slide 24: Company Profile, Current Progress, Future Plan
Company Profile Current Progress Future Plan 24
Slide 25: 2019 Business review- region
2019 Business review- region Bicycle & North Asia Industrial others 9% America Europe 63.89% application 25.58% 10% 9.31% Medical 8% ® Auto motive 73% TURVO South American 1.22% 25
Slide 26: 2020.H1 Business review- region
2020.H1 Business review- region Asia Bicycle & others 12% North Europe 65.93% Industrial application American 25.17% 10% 8.10% Medical 8% ® Auto motive 70% TURVO South American 0.80% 26
Slide 27: Sales Revenue and Gross Margin
Sales Revenue and Gross Margin NTD Million; % 3,000 45% 38.02% 37.66% 40% 2,500 40.06% 32.90% 31.99% 35% 30.65% 2,000 30% 25% 1,500 20% 1,000 15% 1,972 2,137 2,389 2,550 2,354 1,096 10% 500 5% 0 0% 2015 2016 2017 2018 2019 2020 H1 Sales Gross Margin 27
Slide 28: Sales Revenue and Gross Margin
Sales Revenue and Gross Margin NTD Million; % 640 36% 620 35% 35.43% 600 34% 580 33.99% 32.28% 33% 31.72% 560 30.69% 31.36% 32% 540 31% 520 30% 500 29% 629 549 553 623 561 535 480 28% Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2019 2020 2020 Sales Gross Margin 28
Slide 29: Enterprise Revenue and Profit
Enterprise Revenue and Profit NTD Million 2019 2019 2019 2019 2020 2020 Q1 Q2 Q3 Q4 Q1 Q2 Revenue 629 549 553 623 561 535 Net 103 66 78 58 77 64 Income EPS 1.71 1.10 1.30 0.96 1.29 1.06 29
Slide 30: Stock dividend
Stock dividend NTD Million 2015年 2016年 2017年 2018年 2019年 Net Income 250 342 396 424 305 Equities 2,192 2,278 2,411 2,675 2,671 ROE 11.39% 15.29% 16.90% 16.69% 11.42% EPS (NTD) 5.07 6.94 8.05 7.05 5.07 Cash dividend (NTD) 3.00 5.00 3.75 4.00 3.30 Stock dividend (NTD) - - 2.25 - - Total dividend (NTD)
Slide 31: Company Profile, Current Progress, Future Plan
Company Profile Current Progress Future Plan 31
Slide 32: Technology Development
Technology Development Core Competitiveness Forging Turning, Milling, Drill Heat-treatment Grinding 32
Slide 33: Talent Program
Talent Program Recruitment Industry-University Cooperation Vocational Training Council Selection Training Newcomer training, on-the-job training Mentorship promotion Overseas factory rotation Salary Examination promotion system Long-term bonus contract system 33
Slide 34: Automation
Automation Increase in automation: reduce dependence on personnel Appearance Inspection (2015~ Dimension Deburring Inspection 2011~ 2013~ Load/Unload 34 2010~
Slide 35: Automation
Automation Turvo designed auto de-burring machine
Slide 36: Automation
Automation Turvo designed auto dimension inspection machine Advantage: reducing operator requirement, eliminating human misjudgment, and achieve 0% defect.
Slide 37: Automation
Automation Dimension inspection + CCD appearance inspection machine Automatic Loading → Key Dimension Inspection → CCD Appearance Inspection → Auto Non- defective Unloading
Slide 38: Automation
Automation Dimension inspection + CCD appearance inspection machine
Slide 39: Business Development
Business Development Deep cultivation of automotive target customers -BOSCH continues to cultivate Gasoline system: direct injection (GDI) products Diesel system: injector body Brake system: mass production of ABS products -American customer BorgWarner VVT system: mass production of new pr
Slide 40: Business Development
Business Development New car customers join Schaeffler customer: mass production of gearbox products Aisin Hongda customers: the addition of gearbox products Medical expansion New customer Smiths Medical: Successfully introduced medical syringe pumps and infusion system products Expansion
Slide 41: Future Expansion
Future Expansion 一期 二期 原有
Slide 42: Thank You
® TURVO TURVO International Co. Ltd www.turvo.com.tw Thank You Q&A
Turvo International — Investor Presentation (October 2020) on 6ix