Asia Polymer Corporation · TWSE:1308
Asia Polymer — Asia Polymer Corporation Investor Conference 2024
29 slides from Asia Polymer's conference presentation, Nov 27, 2024
Slide 1: Asia Polymer Corporation Investor Conference
2024 11/27 Asia Polymer Corporation Investor Conference 0
Slide 2: Disclaimer
Disclaimer This presentation includes the Company’s current information and any developments or adjustments thereof will be published according to laws, regulations or rulings. The Company is not obligated to update or revise this presentation. The information in this presentation is not for investm
Slide 3: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Finance Information 04 Q&A 2
Slide 4: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Finance Information 04 Q&A 3
Slide 5: Brief Introduction to APC
APC Reported By: Dave Tseng (Sales Director) Brief Introduction to APC 4
Slide 6: Established Date, Capital, Employees, Revenue
Established Date Jan.25,1977 Capital NT $5,940M No. of Employees 234 (2024.10.31) Individual：NT $6,500M Revenue(2023) Consolidated：NT $6,700M 5
Slide 7: LDPE/EVA Plant
LDPE/EVA Plant Production Annual Main Products Facility Capacity • Low Density • 4 sets of • Total at Polyethylene Resin High- 150KMT (Lamination/Injection /Film Grades) Pressure • Ethylene-Vinyl autoclave Acetate Copolymer production Resin(High-Elastic Foaming/Extrusion lines Coating/PV/W&C Grades)
Slide 8: Differential/Tailor-made Products
Differential/Tailor-made Products APC’s High-end applications products are semiconductor packaging, low-gel mainly used in mid-high protective film, medical device market. Mid-range applications food packaging, electronic packaging, medical supplies, cosmetic packaging Low-end applications carrying
Slide 9: APC EVA major application
APC EVA major application EVA Solar Grade EVA Coating Grade Shoe’s material 8
Slide 10: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Finance Information 04 Q&A 9
Slide 11: Business Review and Outlook
APC Reported By: Dave Tseng (Sales Director) Business Review and Outlook 10
Slide 12: Crude Oil / Ethylene Monomer Review
Crude Oil / Ethylene Monomer Review Source from : ICIS 11
Slide 13: PE Market Review
PE Market Review Source from: ICIS 12
Slide 14: LDPE Operation Review: Jan. – Sep. 2024
LDPE Operation Review：Jan. – Sep. 2024 ● The global economic recovery was slow, inflation affected end market consumption, and the overall downstream demand for PE was plain. ● The new production capacity of PE was mainly for HDPE/LLDPE. The new production capacity with autoclave equipment was mostl
Slide 15: EVA Market Review
EVA Market Review Source from: ICIS 14
Slide 16: EVA Operation Review: Jan. – Sep. 2024
EVA Operation Review：Jan. – Sep. 2024 ● In Q1, EVA prices rose slightly from the low end. In Q2, due to poor PV demand and the lack of demand for foaming, wires and cables, and other applications, the market fell. In Q3, EVA prices were still weak: demand was sluggish, supply exceeded demand, market
Slide 17: Sales Volume of EVA Lami
Sales Volume of EVA Lami Unit:MT/Yr. 29,951 thermal pre-coated laminating thermal 25,269 25,323 23,747 pouches lamination film 21,551 19,681 12,729 3,191 16
Slide 18: Sales Volume of EVA PV
Sales Volume of EVA PV Unit:MT/Yr. 29,366 PV film 26,518 26,185 25,526 27,288 24,667 20,896 5,347 17
Slide 19: APC's EVA Application Proportion
APC’s EVA Application Proportion PV FOAM(H) 9% PV FOAM(H) 20% 21% 27% Sales in 2023: Sales in 2024 96,482MT Q1~Q3: 61,754 MT FOAM(L) 28% EVA Lami. FOAM(L) EVA Lami. 31% 23% 41% 18
Slide 20: Operation Review: 2022 to Jan. – Sep. 2024
Operation Review：2022 to Jan. – Sep. 2024 LDPE/EVA Sales Volume Comparison Sales Volume 2024 2022 2023 (KMT) (Jan.~Sep.) LDPE 32 33 35 EVA 98 96 62 Total 130 129 97 19
Slide 21: Sales Volume in Recent Six Years
Sales Volume in Recent Six Years 180,000 160,000 143,940 140,000 132,931 132,463 130,415 128,980 120,000 96,485 100,000 100,647 88,046 96,288 98,373 80,000 96,482 61,754 60,000 40,000 20,000 43,293 44,885 36,175 32,042 32,498 34,731 0 2019 2020 2021 2022 2023 2024(Jan.~Sep.) LDPE EVA Total 20
Slide 22: Operation Outlook in Q4
Operation Outlook in Q4 Crude oil : From the perspective of supply and demand, oil price is expected to be weak. Yet geopolitical risks still affect market sentiment, the average Brent price is expected to fluctuate in the range of US$70~80/barrel. Ethylene : A new cracker plant starts up for it
Slide 23: Operation Outlook in Q4
Operation Outlook in Q4 LDPE/EVA ： ● For LDPE market, the international PE market demand is plain. The Company’s LDPE is supplied mainly to the domestic market, so the demand is relatively stable. Depending on the interest rate difference between LDPE and EVA, the production line will be adjusted ac
Slide 24: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Finance Information 04 Q&A 23
Slide 25: Finance Information
APC Reported By: David Chang (Accounting Manager) Finance Information 24
Slide 26: Consolidated Statements of Income
Consolidated Statements of Income (In millions of NTD, except per share data) 2024 2023 QoQ% 2023 2022 YoY% Jan.~Sep. Jan.~Sep. Sales 4,478 5,040 -11% 6,717 9,815 -32% Cost of goods sold 4,363 4,065 7% 5,571 6,582 -15% Gross profit 115 975 -88% 1,146 3,233 -65% gross profit ratio 3% 19% 17% 33% Oper
Slide 27: Financial Ratio Analysis
Financial Ratio Analysis 2024 2023 2023 2022 Jan.~Sep. Jan.~Sep. Operating income margin(%) (1.5) 16.1 13.8 30.0 Net income margin(%) (10.6) 5.3 1.7 14.7 Debt ratio(%) 12 10 11 13 Current ratio(%) 239 370 324 244 Quick ratio(%) 164 272 243 199 Accounts receivable turnover days 24 48 40 46 Inventory
Slide 28: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Finance Information 04 Q&A 27
Slide 29: Thanks for attending and kind support
Thanks for attending and kind support Company Website：http://www.apc.com.tw 28
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