Taisun Enterprise Co., Ltd. · TWSE:1218
Taisun Enterprise — Investor Presentation (2019)
19 slides from Taisun Enterprise's investor presentation, 2019
Slide 1: Taisun Enterprise Investor Conference, 2019
Taisun Enterprise Investor Conference, 2019 1
Slide 2: Disclaimer
sell Disclaimer * The consolidated financial information included in this presentation were prepared based on IFRS and audited by a CPA. * Taisun Enterprise Co., Ltd never announces financial forecasts. Our actual results of operations, financial conditions or business prospects may differ from thos
Slide 3: Company Profile, Market Performance, Review of operations, Future Outlook
務實 正念 同理 精進 Company Profile Market Performance Review of operations Future Outlook 3
Slide 4: Taisun Enterprise Co., Ltd. Profile
務實 正念 同理 精進 Taisun Enterprise Co., Ltd. Profile ➢ Date of Establishment：1950.10.26 ➢ Paid-up Capital：NT$ 49.99 billion ➢ Security Code：1218 ➢ Leadership：Chairman Peter Chan 董事長 總經理 詹逸宏先生 詹景超先生 General Manager Fred Chan As of 2019.09.30 4
Slide 5: Product Introduction
務實 正念 同理 精進 Product Introduction • PET Bottle、Can Beverage • Carton • Cooking Oil Edible Oils • Commercial Oil Soy • Featured Soy Beans • Soy flour Products livestock & • Forage feed pigs • aquatic feeds aquatic feeds 5
Slide 6: Food sales channel
務實 正念 同理 精進 Food sales channel CS CVS PCS GT VM Distributor Online 6
Slide 7: Company Profile, Market Performance, Review of operations, Future Outlook
務實 正念 同理 精進 Company Profile Market Performance Review of operations Future Outlook 7
Slide 8: Consumer business
務實 正念 同理 精進 Consumer business • Beverage • Edible Oils ➢ Market share by cooking oil 12% ➢ Market share by bottled water 7.1% ➢ Market share by canned dessert 52% ➢ Market share by RTD Tea 3.4% SOURCE： Kantar Sept,2019 8 SOURCE：ACNielsen Sept ,2019
Slide 9: Bulk business
務實 正念 同理 精進 Bulk business • Soy Products • livestock & aquatic feeds ➢ Soybean imports account for the overall market about 10% ➢ Aquatic feed production accounts for the overall market about 3.9% SORRCE： COA 2018 SOURCE： Internal statistics 2018 9
Slide 10: Company Profile, Market Performance, Review of operations, Future Outlook
務實 正念 同理 精進 Company Profile Market Performance Review of operations Future Outlook 10
Slide 11: Net Income Ratio, Debt Ratio, ROE, Capital Expenditures
務實 正念 同理 精進 Net Income Ratio(%) ROE(%) 10.0 10.0 8.7 9.1 8.0 8.4 8.0 7.9 6.0 5.9 6.0 4.0 4.1 4.0 3.7 3.5 2.0 1.5 2.0 2.0 1.5 0.8 0.0 0.0 2014 2015 2016 2017 2018 2019Q3 2014 2015 2016 2017 2018 2019Q3 Debt Ratio(%) Capital Expenditures 60 57 56 56 (NT$ million) 50 49 150 141 40 30 31 100 94 27 76 20
Slide 12: EPS and Cash Dividend
務實 正念 同理 精進 EPS(NTD) 1.2 1 0.8 0.6 0.98 1.04 0.93 0.4 0.2 0.36 0.36 0.21 0 2014 2015 2016 2017 2018 2019Q3 Cash Dividend(NTD) 1 0.8 1 1 1 1 0.4 0 0 0 0 0 0 0 0 0 2014 2015 2016 2017 2018 2019Q3 12
Slide 13: Revenue by business segment
務實 正念 同理 精進 Mainland China Other, 5% business, 7% Consumer business, 55% Bulk business, 33% 2019 2018 Unit：NT$ million YoY Q1~Q3 Q1~Q3 Consumer business 3,308 3,315 -0.2% Bulk business 2,022 2,052 -1.5% Mainland China business 443 474 -6.6% Other 308 270 14.1% Total 6,081 6,111 -0.5% 13
Slide 14: Income statement Q1-Q3 2019
務實 正念 同理 精進 2019 2018 Unit：NT$ million YoY Q1~Q3 Q1~Q3 Operating revenue 6,081 6,111 -0.5% Gross profit 1,159 1,137 1.9% Gross margin % 19% 18.6% - Operating expense 973 994 -2% Operating expense ratio % 16% 16.3% - Operating profit 186 143 30% Non-operating income 357 305 17% Net profit before inco
Slide 15: Cash flow summary
務實 正念 同理 精進 2019 2018年 2018 Q1~Q3 Q1~Q3 Unit：NT$ million Amount Amount Amount Beginning cash balance 1,279 466 466 Net cash inflow (outflow) from 142 272 420 operating activities Net cash inflow (outflow) from 119 （412） (554) investing activities Net cash inflow (outflow) from （200） 1,591 951 financ
Slide 16: Key Financial Indicators
務實 正念 同理 精進 2019 2018 2018 Q3 Q3 Q4 Net Value Per Share (dollar) 13.4 13.7 13.6 Debt Ratio (%) 31.0% 33.5% 27.3% Key Financial Indicators Current Ratio (%) 171.7% 154.1% 164.2% Time Interest Earned 37.8 15.6 14.1 AS Turnover Days 31 39 36 (annualized) AR turnover Days 56 55 48 (annualized) Return On
Slide 17: Company Profile, Market Performance, Review of operations, Future Outlook
務實 正念 同理 精進 Company Profile Market Performance Review of operations Future Outlook 17
Slide 18: Future outlook
務實 正念 同理 精進 Capacity expansion and automation upgrade Develop new products to tap potential markets Improve food safety and implement social responsibility 18
Slide 19: 務實 正念 同理 精進
務實 正念 同理 精進 19