Bes Engineering Corp. · TWSE:2515
Bes Engineering — Q3 2025 Earnings Presentation
28 slides from Bes Engineering's earnings presentation, 2025
Slide 1: BES Engineering Corporation Investor Conference
2025年 中華工程 法人說明會 BES Engineering Corporation Investor Conference
Slide 2: 免責聲明 DISCLAIMER
免責聲明 DISCLAIMER The forward-looking information presented in this presentation and concurrently released relevant information is based on the company's data and the overall economic development situation. Such forward-looking information is subject to risks, uncertainties, and inferences, some of wh
Slide 3: AGENDA
AGENDA 中華工程股份有限公司 BES Engineering Corporation 公司簡介 財務概況 COMPANY PROFILE FINANCIAL STATUS 營運概況 OPERATION OVERVIEW
Slide 4: Company Profile
01 章節 PART Company Profile • Basic Information • Development History of the Company
Slide 5: Company Profile-Basic Information
Company Profile-Basic Information BES Engineering Corporation 1950 16.0 billion Capital BES Founded on CHENG,AN-TZU Chou, Chih-Ming Spokesman Chairman Company Profile 1,251 people http://www.bes.com.tw Number of employees Web Address Business Services Industrial Infrastructure Private Real Estate Pa
Slide 6: Company Profile-Development History of the Company
Company Profile-Development History of the Company BES Engineering Corporation Merged into Core Pacific Group, the capital of NT$ 30 billion, paid-in NT$ 15.3 billion. Restructuring efforts are made to develop both construction Promote a new wave of and real estate development business. tree plantin
Slide 7: Operation Overview
02 章節 PART Operation Overview • Contracting Projects • Industrial Park Development • Private construction Development • Real Estate Development
Slide 8: Operation Overview-Contracting Projects
Operation Overview-Contracting Projects BES Engineering Corporation Keelung Taipei Intersection Improvement on Section Taoyuan 77K+040~85K+865 of Provincial New Taipei Highway No. 61. (Hsinchu Section) [Northern Region New Construction Hsinchu Branch Office, Highway Bureau] Yilan 12,055,900 thousand
Slide 9: Operation Overview-Contracting Projects
Operation Overview-Contracting Projects BES Engineering Corporation Keelung Taipei Taoyuan Greater Taipei Taoyuan New Taipei 6 projcts Hsinchu 11 projcts Yilan ●New Construction of Health Building Project ●The Construction of Parking Apron, Taxiway and Apron Miaoli Facilities un Terminal III of Taiw
Slide 10: Operation Overview-Contracting Projects
Operation Overview-Contracting Projects BES Engineering Corporation Hsinchu Keelung Taipei 4 projcts Taoyuan New Taipei ●Hsin-Chu Industrial Park (Bao-Shan area) Hsinchu Expansion Phase II - 1st Bid Yilan ●Hsin-Chu Industrial Park (Bao-Shan area) Miaoli Expansion Phase II – 2nd Bid ●TSMC F20 Project
Slide 11: Operation Overview-Industrial Park Development-Sales
Operation Overview-Industrial Park Development-Sales BES Engineering Corporation 2455 ha 2025 2025 Development rate 3 BES 65 % 7 Hsienhsi District Announced area sales area 2 57.9 37.9 330 ha The development is completed and the ha ha case is closed. 5 Announced Investment promotion Selling Rate are
Slide 12: Operation Overview-Industrial Park Development-Engineering
Operation Overview-Industrial Park Development-Engineering BES Engineering Corporation Hsienhsi 0.825 3.62 District 5 billion billion Amount invested in Amount to be the project invested in the project Project Highlights Schedule 2 1 Western Lunwei District #4 Roads And Public Project completion in
Slide 13: Operation Overview-Private construction Development
Operation Overview-Private construction Development BES Engineering Corporation New Construction of Formosa Plastics Building TAIPEI TWIN TOWERS Urban Renewal Site Area– 20,913 ㎡ (C1/D1 project) Site Area – 31,593 ㎡ Lot location– Songshan District, Taipei City Lot location – Zhongzheng District, Tai
Slide 14: Operation Overview-Real Estate Development
Operation Overview-Real Estate Development BES Engineering Corporation approximately BES 2026 2025 Estimated new development and ㎡ under development Base Development Area Development results 4,056 Items Projects Under Development Base Development Area 1 Da‘an District - Da'an Road Section 2 Project
Slide 15: Operation Overview-Real Estate Development (Completed Project)
Operation Overview-Real Estate Development (Completed Project) BES Engineering Corporation Won the 2014 National Construction Excellence Award BES－Shui Yan BES－Chang Cui BES－Yun Cui Site Area – 588 ㎡ Site Area – 919 ㎡ Site Area – 2,869 ㎡ Lot location – Chengde Road, Shilin District, Taipei City Lot
Slide 16: Operation Overview-Real Estate Development (Projects in Hand)
Operation Overview-Real Estate Development (Projects in Hand) BES Engineering Corporation Shulin Dongsheng Xing'an Street Da'an Road Site Area – 4,060 ㎡ Site Area – 2,238 ㎡ Site Area – 1,038 ㎡ Lot location – Shulin District, New Taipei City Lot location – Songshan District, Taipei City Lot location
Slide 17: Operation Overview-Real Estate Development (Projects in Hand)
Operation Overview-Real Estate Development (Projects in Hand) BES Engineering Corporation Banqiao Welfare Station Jiankang Road Minsheng East Road Site Area – 2,872 ㎡ Site Area – 1,583 ㎡ Site Area – 3,564 ㎡ Lot location – Banqiao District, New Taipei City Lot location – Songshan District, Taipei Cit
Slide 18: Operation Overview-Real Estate Development (Projects in Hand)
Operation Overview-Real Estate Development (Projects in Hand) BES Engineering Corporation Chengnan Shuiyuan Dongxing Road Versailles Site Area – 10,542 ㎡ Site Area – 2,106 ㎡ Site Area – 1,950 ㎡ Lot location – Zhongzheng District, Taipei City Lot location – Songshan District, Taipei City Lot location
Slide 19: Financial Status
03 章節 PART Financial Status • Consolidated Sales Revenues And Breakdown • Distribution of Consolidated Sales Revenues • Consolidated Balance Sheet • Annual & Q3 Consolidated Income Sheet • Financial ratio analysis • Dividend Payment
Slide 20: Financial Status-Consolidated Sales Revenues
Financial Status-Consolidated Sales Revenues BES Engineering Corporation Unit：NT$, 100 million 450 405 400 350 300 250 238 200 190 172 169 177 157 162 151 150 139 100 50 0 2021 2022 2023 2024 2025.1-11 Consolidated Sales Rebenues Project contract amount
Slide 21: Financial Status-Consolidated Sales Revenues
Financial Status-Consolidated Sales Revenues BES Engineering Corporation 2025.1-11 Consolidated Sales Revenues Unit：NT$, 100 million 250 238 2.26% 0.56% 5.08% 3.95% 59.32% 7.34% 200 190 177 21.47% 172 151 150 100 50 Civil Engineering Construction Electrical Engineering Development Engineering 0 2021
Slide 22: Financial Status-Consolidated Sales Revenues And Breakdown
Financial Status-Consolidated Sales Revenues And Breakdown BES Engineering Corporation Civil Engineering Construction Electrical Engineering Development Engineering Unit：NT$, 100 million Real estate sales Security Human agency Others 2025.1-11 105 38 13 9 4 7 1 2024 150 44 18 13 14 7 1 2023 120 33 1
Slide 23: Financial Status-Distribution of Consolidated Sales Revenues
Financial Status-Distribution of Consolidated Sales Revenues BES Engineering Corporation 13% 10.73% 76.27% North of Taiwan Central Taiwan Southern Taiwan China 2.3 billion 200 187 Unit：NT$, 100 million 1.9 billion 13.5 billion 180 160 140 133 135 131 120 中國大陸 100 98 China 80 60 39 40 30 28 28 27 24
Slide 24: Financial Status-Consolidated Balance Sheet
Financial Status-Consolidated Balance Sheet BES Engineering Corporation Unit ：NT$, Million Items 2022/12/31 2023/12/31 2024/12/31 2025/09/30 Current assets 35,990 47,670 55,694 56,426 Property, plant 3,089 3,210 3,533 3,739 and equipment Investment properties 1,113 1,077 1,066 1,044 Other non-curren
Slide 25: Financial Status-Annual & Q3 Consolidated Income Sheet
Financial Status-Annual & Q3 Consolidated Income Sheet BES Engineering Corporation Unit ：NT$, Million Items 2022 2023 2024 2025Q3 Sales Revenues – Annual 15,093 18,959 23,847 Gross Profit 1,378 1,523 1,555 Operating income 776 932 953 Total non-operating 225 ( 150 ) ( 54 ) income and expenses Net Pr
Slide 26: Financial Status-Financial ratio analysis
Financial Status-Financial ratio analysis BES Engineering Corporation 2022-2025Q3 Items 2022 2023 2024 2025Q3 Construction stock average Debt Ratio % 49.76 % 58.43 % 64.53 % 66.14 % 63.03 % ~ 65.74 % Current Ratio % 249.03 % 235.84 % 213.12 % 213.45 % 157.04 % ~ 173.03 % Times Interest 5.01 2.63 1.9
Slide 27: Financial Status-Dividend Payment
Financial Status-Dividend Payment BES Engineering Corporation 1.800 140% 127% 120% 1.500 107% 97% 100% 1.200 80% 0.900 60% 0.600 40% 0.526 0.54 0.52 0.503 0.47 0.300 0.41 20% 0.000 0% 2022 2023 2024 DPS(NT$) EPS(NT$) Payout Ratios(%)
Slide 28: Thank You
BES Thank You 陶朱隱園 BES URBAN RENEWAL