Taiwan Sakura Corporation · TWSE:9911
Taiwan Sakura — Q1 2024 Earnings Presentation
34 slides from Taiwan Sakura's earnings presentation, 2024
Slide 1: Sakura Group
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Slide 2: Disclaimer
Disclaimer The information provided in this presentation, including the forward-looking views mentioned, is the predictive information obtained by the company based on internal and external sources and the overall economic development. These abovementioned descriptions also include risks and uncer
Slide 3: Contents
Contents 01 Company Profile 03 Operational Overview 02 Business strategy 04 Outlook 3
Slide 4: Company Profile
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Slide 5: Company Profile
Company Profile Chairman Chang, Yung-Chieh Paid-in Capital NTD 2.21 billion Production Base Taiwan Employees：1,000 China Employees：1,500 Vietnam Employees：110 Invest in Head Office Founded Sakura China Sakura Shunde Sakura Water Vietnam Mekong 1978 1994 1998 2019 2022 1992 Shimizu Plant 2008 2020 20
Slide 6: Production base
Production base Head Office Dish Dryer • 2 production bases 中國 China • Jiangsu, Zhejiang, Shanghai, Sichuan and Guangdong are the main sales core areas Shenkang plant • More than 10,000 sales locations Range hood • 4 production bases Punch/Sheet metal/Painting Taiwan • More than 3,500 sales lo
Slide 7: Investment Structure
Investment Structure 台灣櫻花 Taiwan Sakura Capital：NTD 2,211mn 43.19% 100% 100% 100% 100% Total holding 卜大實業 櫻花家居 雅適國際 新加坡控股 44.39% Sakura B.V.I. Puda Sakura Home Topax Sakura Singapore Capital: USD 17.15 mn Capital: NTD 296 mn Capital: NTD 250 mn Capital: NTD 120 mn Capital: USD 4 mn 54.99% 45% 100% 越
Slide 8: Business Concept
Meet the needs of Business Concept local consumers Innovation 創新 DFSS/DFMEA High-pressure leak test Ignition switch test More than 200 R&D personnel in the group The number of patents exceeds 500 Constant temperature and Withstand voltage test moisture duration test 品質 服務 Has the most test equipment
Slide 9: Core Mission
Core Mission A value enterprise and the maximum of the value for consumers and shareholders. Dividend Payout Strategy (NT$) EPS 4.90 5 4.62 4.66 Cash dividend per share 4.06 4.08 4 3.65 3.29 3.70 3.88 3 2.75 3.60 3.2 1.97 1.89 2.6 2.65 2.65 2 2.5 1 1.3 1.3 0 2014 2015 2016 2017 2018 2019 2020 2021 2
Slide 10: Business strategy
02 PART TWO Business strategy 10
Slide 11: Multi-brand management
Multi-brand management Including renowned brands from both To meet the needs of different customer domestic and international markets. segments. Water Heater Import Kitchen Solution Bath Module House Deco Kitchen Appliance Kitchen Appliances 1978 1989 1989 2008 2020 2008 11
Slide 12: Multi-category operation
Multi-category operation Take the family as the core of the product layout One-stop shopping Kitchen and Kitchen Solution House Deco bathroom appliances Plan Design Kitchen Solution Import House Deco Kitchen Appliances Water Heater Kitchen Appliance Bath Module 12
Slide 13: Multi-channel operation
More than 3,500 sales locations Multi-channel operation Sakura’s channel penetration rate exceeds 80% Distributor Brand store Taiwan Sakura Direct Dealer Regional Branches Regional Agents Sanitary materials Special dealer (kitchen solution、import department) (9) Kitchenware factory Store/Shop Land d
Slide 14: One-stop innovative intelligent platform
Enhance brand value with The only powerful service team in the Taiwanese culinary and sanitation industry. Operating with "service" as the brand concept to strengthen Sakura's core identification. From individual components to the entirety, intelligent technology consistently innovates Sakura's serv
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Slide 18: Mission, Vision and Business Prospection
Business Prospection region Boost brand Vietnam value VISION New markets Operational The creator of a better home life Know-how output Continue to create product value with Making Family quality and service Aquatic the Central Focus products of Development MISSION Water Heater Expand the fourth mach
Slide 19: Operational Overview
03 PART THREE Operational Overview 19
Slide 20: Sales structure
Sales structure 2022 Total Revenue 2023 Total Revenue 2024Q1 Total Revenue NT$8.21bn NT$8.27bn NT$2.42bn Import Import Import 0.27bn 0.31bn 0.05bn Export 4% Export 4% 2% 3% 0.54bn 4% Export 0.29bn 3% 0.1bn 4% Kitchen Solution Kitchen Solution Water Heater& Kitchen Solution Water Heater& 2.14 bn Wate
Slide 21: Sales structure
Sales structure Topax Water Others 2023 Total Revenue 15% Purifier 5% NT$8.27bn Dish 7% Brand Dryer Home Sakura 7% Impot 4% 1% 85% Water Gas Product Heater Export 3% Stove 43% 18% Water Range Hood Kitchen 21% Brand store Heater& 25% Solution Property Kitchen Developer Channel 29% Appliance Kitchenwa
Slide 22: Taiwan Market - Water Heater & Kitchen Appliance
Taiwan Market _ Water Heater & Kitchen Appliance Taiwan overall market Market share in Taiwan H R G Q (1000 總量 units) price hike S+T合計 Sakura Topax effect 49.7% 48.2% energy-efficiency 46.8%45.8% 45.4% subsidies 43.8%42.7%43.9% 1784 42.2%42.5%42.1% 1664 1658 1527 1537 1572 1592 1584 1557 1525 209 15
Slide 23: Kitchen and Bathroom Appliances
Kitchen and Bathroom Appliances Gas Water Heater Traditional Range HoodBLDC Rang Hoods Sales 44 42 S+T sales quantity Digital Amount (NT$mn) 42 Quantity(units) 36 60% 58% 57% 31 33 56% 57% 57% 57% 29 54% 52% 55% 26 50% 22 15 544 529 8 423 46% 48% 50% 45% 44% 43% 43% 43% 293 322 358 43% 245 287 40% 4
Slide 24: Kitchen Solution
Kitchen Solution Overall Market Steady growth in Increasing benefits of about 160,000~180,000 sets Sales of Land Developer the Brand Stores Overall market (1000 sets) Sales of Property developer (NT$ mn) 1,795 Sales of brand stores (NT$ mn) 1,539 Brand stores 1,324 191 198 103 103 102 103 92 97 177
Slide 25: Development Plan - Whole House Customization
Development Plan_ Whole House Customization Taiwan Home Decor Market Size Operational Model Development Focusing on builder customers and establishing strong part nerships to become their best strategic partner. >100 bn Property Developer The overall industry is fragmented, and there is no absolut
Slide 26: Whole House Customization 2+1 Room with Nordic style
Whole House Customization ６ ５ Master Bedroom Children's Room ７ ４ Living and dining room 1 2 3 2+1 Room with Nordic style 26
Slide 27: Overseas market
Overseas market Integration of Group Management Resources International Business Department Look to Asia International Planning Office Focus on mainland China Deepen Taiwan Overseas International subsidiaries Business Department Vietam SKURA CHINA Primary Regional Strategy MK 【International Business
Slide 28: Financial Highlights
Financial Highlights Net Revenue Net Income (NTD mn) 8,213 8,272 EPS (NTD) 7,569 6,628 6,299 5,986 5,601 5,644 5,149 4,852 4.62 4.66 4.90 4.06 4.08 3.65 3.29 2.75 1.97 2,416 1.89 1.63 889 893 1,008 1,009 1,069 539 701 720 800 517 353 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Q1 28
Slide 29: Outlook
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Slide 30: Sakura Group O.N.E
SAKURA GROUP HOME IN O . N. E ONE-STOP NUMEROUS EFFICIENT 一站式服務 多樣產品選擇 輕鬆擁有 30
Slide 31: Wufeng Plant schedule
Wufeng Plant schedule For the future growth demand of Kitchen Smart Factory Solution and Whole House Customization Investment Plan Total building area：about 21,800 square meters Production apacity：about 60,000 sets Phase 1- Establish Wufeng Plant Support Kitchen Solution future growth Phase 2-Ex
Slide 32: Taiwan Cherry Blossom ESG Strategy and Plan
Taiwan Cherry Blossom ESG Strategy and Plan Awareness Building Environmentally Friendly and Cultural Energy Conservation and Carbon Reduction Development E Innovative Investments Establishing Offering Strategic Value Systematic Training for S G Capabilities Promotion ESG Promotion System Centered on
Slide 33: Employee Stock Ownership Trust (ESOT)
Employee Stock Ownership Trust (ESOT) 員工持股會 Capital Reduction 20% 4.7% 4.5% 4.2% 3.9% 3.8% 3.7% 3.6% 3.4% 3.5% 3.4% 3.2% 2.9% 2.6% 10.4 2.30% 9.9 9.9 9.4 9.3 8.7 8.7 8.1 8.3 8.1 7.5 7.7 7.2 6.2 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 33
Slide 34: Taiwan Sakura Corporation
9911 櫻花集團 TAIWAN SAKURA CORPORATION T +886-4-2566-6106 No.446, Sec. 4, Yatan Rd., Daya Dist., E archie07@sakura.com.tw Taichung City 428005, Taiwan (R.O.C.) F +886-4-2305-2986 W https://www.sakura.com.tw 34