Slide 1: Eternal Materials
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Slide 2: 2023 First Quarter Earnings Conference
2023 First Quarter Earnings Conference Speaker : B.C. Liu, Spokesman / CFO Date :2023/05/19
Slide 3: Agenda
Agenda 1. Profile 2. 1Q23 Financial results 3. Key messages 4. Q&A
Slide 4: Profile - Overview
Profile - Overview Chairman Allen K. L. Kao Core Business Manufacturing, processing and sales Overall Sales Founding Employees Revenue Taiwan 4 Ch in a 12 1964 4,898 USD$ 1,649 Production Sites million USA 1 22 Th ailan d 1 Headcounts of Researcher R&D expenditures Notes 1 : Japan 2 Number of Employ
Slide 5: Profile-Development Milestones
Profile-Development Milestones Resins UV LED Equipment SYTHETIC RESINS MONOMER OPTICAL FILM VACUUM LAMINATOR COATING ADHESIVE OLIGOMER Wet CHEMICAL for PCB/ICS UNSATURATED POLYESTER UV COATING 1985 2000 2008 2016 1964 1989 2004 2013 2020+ PCB IC New Materials Biomaterials CCL EMC MATERIALS for SOLAR
Slide 6: Profile-2022 Product Lines Sales Ratio
Profile-2022 Product Lines Sales Ratio Electronic Materials 27.2% Resins Materials 49.1% Dry Film Photoresist Dry Film Solder Mask UV INK Alkyd Resin、Solvent-Based Dry Film Photosensitive Polyimide Acrylic Coating Resin Liquid Polyimide Material Water-Based Acrylic Coating 2022 Vacuu
Slide 7: Profile-Global Sites: Production / Sales / R&D
Profile-Global Sites : Production / Sales / R&D USA Korea Production：1 Sale：1 Sale：1 China Production ：12 Sale：21 Japan Italy R&D Center：1 Production ：2 Production ：1 Lab：1 Sale ：2 Sale：1 Applied Lab：7 India Taiwan Sale：1 Production ：4 Sale ：4 Thailand R&D Center：1
Slide 8: Profile-Annual Sales Distribution
Profile-Annual Sales Distribution (In the recent 5 years) Unit : USD million 2000 1,802 1800 1,645 1600 1,436 1,303 1,299 1400 1,116 1200 973 1000 890 799 793 800 600 469 472 400 394 364 339 200 152 146 160 217 200 0 2018 2019 2020 2021 2022 Group China Other Taiwan 8
Slide 9: Financial Information-Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices Unit：TWD Millions 2023Q1 2022 2021 Amount % Amount % Amount % Cash and cash equivalents 6,697 12 6,671 11 4,444 7 and current financial assets Accounts receivable 15,101 26 17,132 29 20,071 33 Inventories 9,766 17 9,716 16 10,678 18 Financial assets
Slide 10: Financial Information-Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income Unit：TWD Millions 2023Q1 2022 2021 Amount % Amount % Amount % Operating Revenue 9,575 100 49,014 100 50,471 100 Gross profit 1,710 18 10,163 21 10,694 21 Operating expenses (1,466) (15) (6,886) (14) (6,599) (13) Operating Income 244 3 3,277 7
Slide 11: Financial Information-Cash Flow Statements
Financial Information-Cash Flow Statements Unit：TWD Millions 2023Q1 2022 2021 Amount Amount Amount Cash and cash equivalents at the beginning of the year 5,451 4,289 6,108 Cash flows from operating 2,116 6,581 750 activities Acquisition of property, plant (743) (2,783) (2,049) and equipment Increase
Slide 12: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit：TWD Millions Sales 1Q23 y/y q/q 1Q22 2Q22 3Q22 4Q22 1Q23 Sales 12,364 13,185 11,695 11,771 9,575 Sales -22.6% -18.7% Gross Profits 1Q22 2Q22 3Q22 4Q22 1Q23 Gross -37.7% -28.6% Profits GP 2,745 2,899 2,124 2,395 1,710 GPM 22.2% 22% 18.2% 20.35% 17.86% 12
Slide 13: Performance by Segment
Performance by Segment TWD Millions 1Q Sales 1Q Operating Profits Sales % Others High Performance Materials Electronic Materials y/y q/q y/y q/q Resin Materials 1% 1% 1% 22% 19% 20% Resin 5,068 -17% -12% 93 -51% 2% Materials 26% 31% 27% Electronic 2,558 -15% -30% 118 -54% -71% Materials 51% 49% 53%
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events Eternal Materials Board of Directors resolved a cash capital increase of CNY150 million for subsidiary Eternal Material Industry (Tongling) Co., Ltd. for the purchase of land. (2023/03/10) 14
Slide 15: Q&A
Q&A
Slide 16: Eternal Materials closing
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