Tung Ho Steel Enterprise Corp. · TWSE:2006
Tung Ho Steel Enterprise — FY2024 Earnings Presentation
22 slides from Tung Ho Steel Enterprise's earnings presentation, Mar 4, 2025
Slide 1: 2025 Investor Conference
Ticker Symbol ：2006 2025 Investor Conference Mar 04,2025
Slide 2: Disclosure
Disclosure • The information contained in this presentation and its accompanying announcements, including its business outlook, financial position and business forecasts, is based on internal information and external economic developments as a whole. • The Company’s actual results of operations, fin
Slide 3: Agenda
Agenda 1. Corporate Profile 2. Financial Performance 3. Key Messages 4. Q&A
Slide 4: Corporate Profile
Corporate Profile • Date of incorporation ： May 30, 1962 • Date of IPO ：July 13,1988 • Issued common stock ： 730,214 thousand shares • Number of employees： 2,126 • Head Office：6F., No.9, Sec. 1, Chang-an E. Rd., Taipei City, Taiwan • Corporate culture ：Self-discipline. Love of knowledge. Optimism.
Slide 5: Facilities and Products
Facilities and Products Annual Capacity/ Annual Capacity/ million tons million tons Taoyuan Scrap Steel Rolling(1) 0.75 Works Pig Iron Steel Making Billets 1.4 Re-Bar Steel Rolling(2) 0.75 Bloom Miaoli Scrap Steel Making Beam Blank 1.25 Steel Rolling Section 0.8 Works Pig Iron Slab Kaohsiung Steel R
Slide 6: Agenda
Agenda 1. Corporate Profile 2. Financial Performance 3. Key Messages 4. Q&A
Slide 7: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income For the twelve months ended Dec. 31 2024 2023 % (Expressed in Millions of New Taiwan Dollars) Operating revenue,net 60,163.00 60,961.91 98.69% Operating costs (51,772.43) (52,315.72) 98.96% Gross profit,net 8,390.57 8,646.19 97.04% Operating expenses,n
Slide 8: Consolidated Balance Sheets
Consolidated Balance Sheets 2024.12.31 2023.12.31 (Expressed in Millions of New Taiwan Dollars) AMT % AMT % Current assets 31,108.05 57% 32,267.66 57% Cash and Current financial assets 1,628.29 3% 1,877.29 3% Receivable,net 8,959.37 16% 9,059.42 16% Inventory 19,073.36 35% 19,894.02 35% other curren
Slide 9: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows For the twelve months ended Dec. 31 (Expressed in Millions of New Taiwan Dollars) 2024 2023 Cash at the beginning of period 1,732.67 2,126.51 Cash flows from operating activities 7,379.75 4,621.79 Cash flows from investing activities (946.91) (658.86) Cash flows
Slide 10: Historical Operating Results
(NT$Millions) Historical Operating Results Operating revenue Gross profit 70,000 10,000 9,474 58,795 59,217 60,962 60,163 8,648 8,391 9,000 60,000 8,000 7,450 50,000 44,864 7,000 6,621 42,866 40,000 6,000 5,000 4,132 30,000 4,000 20,000 3,000 2,000 10,000 1,000 0 0 2019 2020 2021 2022 2023 2024 2019
Slide 11: Historical Dividend
Historical Dividend (NT$) 7.00 6.40 6.48 6.13 5.95 6.00 5.47 5.00 4.2 4 4.00 3.52 3.50 3.00 2.00 1.50 1.00 0.00 2020 2021 2022 2023 2024 ■Earnings per share ■ Dividend per share
Slide 12: Agenda
Agenda 1. Corporate Profile 2. Financial Performance 3. Key Messages 4. Q&A 12
Slide 13: Key Messages
Key Messages 1. In 2023, Daye Works’ rolling mill production 2. THSVC rolling mill put into production 3. Domestic H-beam demand and production 4. Corporate Governance Performance 13
Slide 14: Tung Ho Steel annual rebar production
Tung Ho Steel’ annual rebar production 10K metric tons 147.1 140.8 116.0 105.8 108.8 104.7 91.6 92.7 88.3 70.9 66.9 10.0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1
Slide 15: Improvement of Taoyuan Works' capabilities and efficiency
Improvement of Taoyuan Works’ capabilities and efficiency Floor area of building permit(Million m2) 45.8 6.59 6.45 7 6.06 5.96 6.06 6.22 5.79 41.5 43.4 39.8 5.65 5.49 39.9 6 38.6 5.23 37.4 4.77 35.6 4.71 34.0 5 32.6 29.9 26.2 4 3 2 1 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5.79
Slide 16: THSVC new rolling mill put into production
THSVC new rolling mill put into production Annual Demand of long steel products in Vietnam domestic market 10K metric tons 1,011 969 922 900 917 909 863 810 751 614 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2015~2020 Annual demand for construction steel-Members 2021~2024 Annual demand for co
Slide 17: THSVC new rolling mill put into production
THSVC new rolling mill put into production THSVC、mt 300,000 263,263 254,197 248,776 250,000 244,959 237,794 230,610 209,619 203,799 200,060 200,000 197,093 143,832 150,000 134,273 100,000 50,000 - 2019 2020 2021 2022 2023 2024 Production Sales • 2021/5 Highest Production 45,161mt • 2020/12 Highest S
Slide 18: Domestic H-beam demand and production
Domestic H-beam demand and production TSIIA、000mt 1,206 1,192 1,065 1,036 984 1,062 992 1,003 908 953 921 927 936 922 905 876 906 925 942 879 804 888 844 781 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Demand Production 18
Slide 19: Corporate Governance Performance
Corporate Governance Performance • First Domestic Steel Manufacturer Obtaining EPD for All Steel Products • Tung Ho Steel is a member of the World Steel Association's Climate Action program • Publishing voluntary "Task Force on Climate-related Financial Disclosures reports" for four consecutive year
Slide 20: Corporate Governance Performance
Corporate Governance Performance • Ranked in the 5% among the listed companies in the 8th TWSE Corporate Governance Evaluation. • Being continuously included as a constituent stock of the " TWSE Corporate Governance 100 Index" for five consecutive years. • The 2023、2024 CDP survey was awarded the "L
Slide 21: Corporate Governance Performance
Corporate Governance Performance • Our company's sustainability report has adopted the Sustainable Accounting Standards Board (SASB) indicators for the steel manufacturing industry. • Sustainable Fitch Assigns Tung Ho Steel Enterprise Corporation an ESG Entity Rating of ‘2’. • Awarded the "2024 Top
Slide 22: Tung Ho Steel Enterprise Corp.
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Tung Ho Steel Enterprise — FY2024 Earnings Presentation on 6ix