Tung Ho Steel Enterprise Corp. · TWSE:2006
Tung Ho Steel Enterprise — H1 2022 Earnings Presentation
20 slides from Tung Ho Steel Enterprise's earnings presentation, Sep 13, 2022
Slide 1: 2022 Investor Conference
Ticker Symbol ：2006 2022 Investor Conference Sep 13,2022
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： 1,872 • 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 Steel Making Billets 1.4 Re-Bar Works Pig Iron 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 six months ended Jun. 30 2022 2021 % (Expressed in Millions of New Taiwan Dollars) Operating revenue,net 31,421.21 27,786.44 113.08% Operating costs (27,030.12) (23,183.74) 116.59% Gross profit,net 4,391.09 4,602.70 95.40% Operating expenses,ne
Slide 8: Consolidated Balance Sheets
Consolidated Balance Sheets 2022.6.30 2021.12.31 2021.6.30 (Expressed in Millions of New Taiwan Dollars) AMT % AMT % AMT % Current assets 33,171.05 59% 31,394.17 57% 27,418.39 49% Cash and Current financial assets 1,874.49 3% 1,726.14 3% 2,167.50 4% Receivable,net 8,583.27 15% 7,878.02 14% 6,854.96
Slide 9: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows For the six months ended Jun. 30 (Expressed in Millions of New Taiwan Dollars) 2022 2021 Cash at beginning of period 1,530.39 1,933.17 Cash flows from operating activities 1,175.04 (1,574.65) Cash flows from investing activities (122.32) (852.30) Cash flows from
Slide 10: Historical Operating Results
(NT$Millions) Historical Operating Results Operating revenue Gross profit 70,000 10,000 9,474 58,795 9,000 60,000 8,000 50,000 44,864 7,000 6,621 42,866 39,769 40,000 6,000 31,749 31,421 5,000 4,391 4,132 30,000 3,802 4,000 3,325 20,000 3,000 2,000 10,000 1,000 0 0 2017 2018 2019 2020 2021 2022/1~6
Slide 11: Historical Dividend
Historical Dividend (NT$) 7.00 6.40 5.95 6.00 5.00 4.00 3.52 3.00 2.00 1.72 1.56 1.40 1.35 1.50 1.20 0.88 1.00 0.00 2017 2018 2019 2020 2021 ■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. Improvement of Taoyuan Works’ capabilities and efficiency 2. THSVC new rolling mill put into production 3. Domestic H-beam demand and production 4. Corporate Governance Performance 13
Slide 14: Improvement of Taoyuan Works' capabilities and efficiency
Improvement of Taoyuan Works’ capabilities and efficiency Tung Ho Steel’ annual rebar production 10K metric tons 116.81 105.83 108.75 104.73 89.33 91.57 92.66 85.00 88.33 70.85 66.85 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* *Est
Slide 15: Improvement of Taoyuan Works' capabilities and efficiency
Improvement of Taoyuan Works’ capabilities and efficiency Floor area of building permit(Million m2) 43.4 43.8 41.5 39.8 38.6 35.6 34.0 32.8 32.6 29.9 26.2 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* 5.73 5.79 6.06 5.65 4.77 4.71 5.23 5.49 5.96 6.06 6.19* Taiwan Annual Steel Deamad (Milli
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 969 922 900 863 810 751 614 602 2015 2016 2017 2018 2019 2020 2021 2022 1-7 month 2015~2020 Annual demand for construction steel-Members 2021~2022 Annual demand for construction
Slide 17: THSVC new rolling mill put into production
THSVC new rolling mill put into production THSVC、mt 300,000 250,000 200,000 150,000 100,000 50,000 - 2019 2020 2021 2022.1-8month Production Sales • 2021/5 Highest Production 45,161mt • 2020/12 Highest Sales 40,530 mt 17
Slide 18: Domestic H-beam demand and production
Domestic H-beam demand and production TSIIA、000mt 1,206 1,192 1,036 1,062 984 1,065 936 905 953 933 906 991 879 922 876 908 925 844 804 781 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022* *Est from Jan-Jun Demand Production 18
Slide 19: Corporate Governance Performance
Corporate Governance Performance • First Domestic Steel Manufacturer Obtaining EPD for All Steel Products • Taking the Lead in Issuing the TCFD Report in Iron and Steel Industry • Awarded 2021 TCSA Sustainability Report Award- Platinum Award in the Traditional Manufacturing Category. • Tung Ho Steel
Slide 20: www.tunghosteel.com
4. BR i cid 22) ie RAS 1 A TUNG HO STEEL ENTERPRISE CORP. www.tunghosteel.com
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