Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — Q4 2021 Earnings Presentation
16 slides from Eternal Materials's earnings presentation, Mar 16, 2022
Slide 1: Eternal Materials
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Slide 2: 2021 Fourth Quarter Earnings Conference
2021 Fourth Quarter Earnings Conference Speaker : B.C. Liu, Spokesman / CFO Date :2022/03/16
Slide 3: Agenda
Agenda 1. Profile 2. 4Q21 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 13 1964 4,960 USD$ 1,803 Production Sites million USA 1 23 Th ailan d 1 Headcounts of Researcher R&D expenditures Notes 1 : Jap an 2 Number of Emplo
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 - 2021 Product Lines Sales Ratio
Profile-2021 Product Lines Sales Ratio Electronic Materials 33.5% Resins Materials 48.2% 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 2021 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 ：13 Sale：17 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 ：5 Thailand R&D Center：1
Slide 8: Profile - Annual Sales Distribution
Profile-Annual Sales Distribution (In the recent 5 years) Unit : USD million 2000 1,803 1800 1600 1,436 1,365 1400 1,303 1,299 1200 1,081 1000 845 890 793 799 800 600 394 439 370 364 339 400 282 150 152 146 160 200 0 2017 2018 2019 2020 2021 Group China Other Taiwan 8
Slide 9: Financial Information - Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices Unit：TWD Millions 2021 2020 2019 Amount % Amount % Amount % Cash and cash equivalents 4,444 7 6,170 11 6,076 11 and current financial assets Accounts receivable 20,071 33 17,523 31 15,361 29 Inventories 10,678 18 7,493 13 7,182 13 Financial assets 3
Slide 10: Financial Information - Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income Unit：TWD Millions 2021 2020 2019 Amount % Amount % Amount % Operating Revenue 50,471 100 38,370 100 40,363 100 Gross profit 10,694 21 8,886 23 7,857 19 Operating expenses (6,599) (13) (5,747) (15) (5,522) (14) Operating Income 4,095 8 3,139 8
Slide 11: Financial Information - Cash Flow Statements
Financial Information-Cash Flow Statements Unit：TWD Millions 2021 2020 2019 Amount Amount Amount Cash and cash equivalents at the beginning of the year 6,108 6,010 6,085 Cash flows from operating activities 750 4,148 4,946 Acquisition of property, plant and equipment (2,049) (1,458) (2,111) Increase
Slide 12: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit：TWD Millions Sales 4Q21 y/y q/q 4Q20 1Q21 2Q21 3Q21 Q421 Sales 11,896 11,202 13,211 13,010 13,048 Remain Sales +9.7% constant Gross Profits 4Q20 1Q21 2Q21 3Q21 4Q21 Gross -7% -5% Profits GP 2,745 2,563 2,896 2,685 2,550 GPM 23.1% 22.9% 21.9% 20.6% 19.5% 12
Slide 13: Performance by Segment
Performance by Segment TWD Millions 4Q Sales 4Q Operating Profits Sales % Others High Performance Materials y/y q/q y/y q/q Electronic Materials Resin Materials 1% 1% 1% Resin 6,532 +13% +4% 28 -91% +761% 17% Materials 24% 23% 33% 26% 27% Electronic 3,449 -12% -3% 373 -45% -26% Materials 49% 48% 50%
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events Eternal Materials Board of Directors resolved to execute a cash capital reduction to improve the ROE and adjust capital structure, NT$ 620,139,720 would be returned and 62,013,972 shares (5 %) would be cancelled (2022/03/11) Eternal Materials Board of Directors resol
Slide 15: Q&A
Q&A
Slide 16: Eternal Materials
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