Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — Investor conference hosted by President Securities Corp. 2024
36 slides from Eternal Materials's conference presentation, Mar 15, 2024
Slide 1: Eternal Materials
> RRNA | ETERNAL MATERIALS Elements of Infinite Possibilities
Slide 2: 2023 Fourth Quarter Operating Result & Layout of Electronic Materials in ASEAN
2023 Fourth Quarter Operating Result & Photoresist Materials Division：The Layout of Electronic Materials Business group in ASEAN Presenter : Director, H.T. Shen (Photoresist Materials Division) B.C.Liu (Spokesperson) Date : 2024/03/15
Slide 3: Agenda
Agenda 1. Profile 2. 2023 Fourth Quarter Operating Result 3. Introduction to Electronic Materials Business Group 4. The Layout of Electronic Materials Business Group in ASEAN
Slide 4: Profile
Profile
Slide 5: Profile
Profile Chairman Allen K. L. Kao Core Business Manufacturing, processing and sales Overall Sales Founding Employees Revenue Taiwan 5 China 14 1964 4,851 USD$ 1,645 Production Sites million USA 1 25 Thailand 1 Headcounts of Researcher R&D expenditures Notes 1 : Number of Employees on Japan 2 December
Slide 6: Development Milestones
Development Milestones Resins UV LED Equipment SYTHETIC RESINS MONOMER OPTICAL FILM VACUUM LAMINATOR COATING ADHESIVE OLIGOMER Wet CHEMICAL for PCB/ICS UNSATURATED UV COATING POLYESTER 1985 2000 2008 2016 1964 1989 2004 2013 2020+ PCB IC New Materials Biomaterials CCL EMC MATERIALS for SOLAR IN VITR
Slide 7: Administration
7 Synthetic Resins Division Resins Synthetic Resins Production Materials Division Unsaturated Polyester Resins Division Photoresist Materials Division Remuneration Committee Auditing Department Audit Committee Electronic Corporate Governance and Sustainability Committee Materials Precision Coating D
Slide 8: Core Technology
Core Technology Resin New Materials PCB Functional Resin Synthesis Chemical Precision Formulation Processing Environment LCD UV IC 8
Slide 9: New Development
New Development Biomaterials Advanced packing High performance resin materials Diagnostic Enzymes for materials Organic-inorganic hybrid materials Molecular Biology Liquid Epoxy Molding Fluorocarbon polymer Diagnostic Enzymes for Compound Nano-structured polymer Biochemistry of Blood U
Slide 10: Global Production Sites
Global Production Sites Central North Northeast Japan (2) USA (1) Kodama China(1) China (1) China(1) Virginia Aichi Hubei Tianjin Yingkou Southwest Taiwan (5) China (2) Italy (1) Kaohsiung(3) Chengdu Pingtung Milan Chongqing New Taipei Global Production Sites 25 Thailand (1)
Slide 11: Global Service Network
Global Service Network Central China(3) North Northeast Korea(1) USA(1) Changsha China(2) China(1) Suwon Virginia Wuhan Tianijn Yingkou Hubei Japan(2) Italy (1) Southwest Yokohama Milan China(3) Chengdu(1) India(1) Chong qing(2) Taiwan (4) Mumbai Kaohsiung(1) Chungli(1)
Slide 12: 2023 Product Lines Sales Ratio
2023 Product Lines Sales Ratio Electronic Materials 26.4% Resins Materials 52.1% Dry Film Photoresist Dry Film Solder Mask Alkyd Resin、Solvent-Based UV INK Acrylic Coating Resin Dry Film Photosensitive Polyimide Water-Based Acrylic Coating Resin Liquid Polyimide Material Acrylic Resi
Slide 13: Annual Sales Distribution and 2023 Regional Markets Sales Ratio
Annual Sales Distribution (In the recent 5 years), 2023 Regional Markets Sales Ratio Unit : USD million Europe & Other 6% 2000 1,802 Africa 1% 1800 1,649 1600 1,362 Middle East 1% 1,303 1,299 1400 1,116 1200 975 Northeast Asia 5% 1000 805 793 799 800 600 469 473 America 4 % 400 364 339 391 200 146
Slide 14: 2023 Fourth Quarter Operating Result
2023 Fourth Quarter Operating Result
Slide 15: Financial Information-Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices 2023 2022 2021 Unit：TWD Millions Amount % Amount % Amount % Cash and cash equivalents 7,624 13 6,671 11 4,444 7 and current financial assets Accounts receivable 15,213 26 17,132 29 20,071 33 Inventories 8,479 14 9,716 16 10,678 18 Financial assets 3
Slide 16: Financial Information-Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income 2023 2022 2021 Unit：TWD Millions Amount % Amount % Amount % Operating Revenue 42,452 100 49,014 100 50,471 100 Gross profit 8,147 19 10,163 21 10,694 21 Operating expenses (6,232) (15) (6,886) (14) (6,599) (13) Operating Income 1,915 5 3,277 7
Slide 17: Financial Information-Cash Flow Statements
Financial Information-Cash Flow Statements 2023 2022 2021 Unit：TWD Millions Amount Amount Amount Cash and cash equivalents at the beginning of the year 5,451 4,289 6,108 Cash flows from operating activities 6,514 6,581 750 Acquisition of property, plant and equipment (3,149) (2,783) (2,049) Increase
Slide 18: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit：TWD Millions Sales 4Q23 y/y q/q 營收 4Q22 1Q23 2Q23 3Q23 4Q23 Sales 11,771 9,575 10,850 11,268 10,759 Sales -8.6% -4.5% GP 毛利 4Q22 1Q23 2Q23 3Q23 4Q23 Gross -13.9% -10.6% Profits GP 2,395 1,710 2,070 2,306 2,061 GPM 20.4% 17.9% 19.1% 20.5% 19.2% 18
Slide 19: Performance by Segment
Performance by Segment TWD Millions 4Q Sales 4Q Operating Profits Sales % Others High Performance Materials Electronic Materials y/y q/q y/y q/q Resin Materials 1% 1% 1% 1% 19% 20% 22% 22% Resin Materials 5,542 -4% -6% 97 +6% -56% 27% 27% 25% 26% Electronic 2,824 -23% -1% 169 -59% -28% Materials 53%
Slide 20: Introduction to Electronic Materials Business Group; Layout in ASEAN
• Introduction to Electronic Materials Business Group • The Layout of Electronic Materials Business group in ASEAN Presenter : Director, H.T. Shen (Photoresist Materials Division) Date : 2024/03/15
Slide 21: Introduction to Electronic Materials Business Group
Introduction to Electronic Materials Business Group
Slide 22: Agenda
Agenda 1. Electronic Materials Business Group Profile 2. Important Milestones in Business Development 3. Revenue (2019~2023) 4. Key Products and Applications
Slide 23: Electronic Materials Business Group Profile
Electronic Materials Business Group Profile Quality & EHS One of the Verification world's leading Established ISO 9001 suppliers of dry in 1988 1,384 Quality film photoresist (DF Note1 Taiwan 2 management systems products Task Force) NT$ 11.2B China 6 ISO 50001 ISO 14046 FY2023 The world's Energy Wa
Slide 24: Important Milestones in Business Development
Important Milestones in Business Development 1990 1990 Taiwan Ta-Fa Plant was established and started producing dry film photoresist 1995 1995 Established Eternal Chemical (China) Co., Ltd. Guangzhou (Southern China Slitting Plant) 1999 1999 Established Eternal Technology Corporation (ETC) and Etern
Slide 25: Consolidated Revenue in Electronic Materials Business Group (2019~2023)
Consolidated Revenue in Electronic Materials Business Group (2019~2023) Electronic Materials Revenue in Electronic Materials Business Group NTD.Billion Eternal Group 250 505 550 490 425 450 200 404 384 350 145 150 133 Electronic Materials Products 123 129 112 250 Revenue Proportion 100 150 50 50 - -
Slide 26: Key Products and Applications
Key Products and Applications Dry film photoresist is the key component used in the image IT, communications, transfer process. It is widely used in precision etching and automobiles, Dry Film Photoresist electroplating products such as Printed Circuit Board (including semiconductors, consumer Rigid
Slide 27: Key Products and Applications
Key Products and Applications The screen printing process is used for text and graphic markings IT, communications, Liquid UV Curable on double-sided and multi-layer printed circuit boards. It is automobiles, suitable for printing text and graphic markings on double-sided semiconductors, consumer Ma
Slide 28: The Layout of Electronic Materials Business group in ASEAN
The Layout of Electronic Materials Business group in ASEAN
Slide 29: Agenda
Agenda 1. Geopolitical Risks 2. ASEAN PCB Industry Development Trends 3. Key Products of the ASEAN PCB Industry 4. Global Layout of Electronic Materials Business group 5. Industrial Distribution of PCB and Layout of Electronic Materials Business Group in ASEAN 6. Conclusion
Slide 30: Geopolitical Risks
Geopolitical Risks In response to the impact of the Sino-US trade war, as well as the rise in inflation and raw materials caused by the conflict between Ukraine and Russia, the industrial supply chain is facing restructuring. China+1 aims to decrease reliance on manufacturing in China, secure ac
Slide 31: ASEAN PCB Industry Development Trends
ASEAN PCB Industry Development Trends According to Prismark Estimates, ASEAN PCB Industry Trends（By Type）： ASEAN PCB Industry Trends (By Type) Source: PRISMARK & Eternal Materials Data Consolidation 31
Slide 32: Key Products of the ASEAN PCB Industry
Key Products of the ASEAN PCB Industry ASEAN is the main growth area for the PCB industry, The main applications are FPC（ ）, Multilayer ( ) , IC Substrates（ ）and High-Density Multilayer HDI PCB, expected demand growing up very fast in the coming years. ITEM SS/DS ML HDI IC Substrate FPC Product Stru
Slide 33: Global Layout of Electronic Materials Business group
Global Layout of Electronic Materials Business group (Plan) 33
Slide 34: Industrial Distribution of PCB and Layout of Electronic Materials Business Group in ASEAN
Industrial Distribution of PCB and Layout of Electronic Materials Business Group in ASEAN 34
Slide 35: Conclusion
Conclusion iN The Sino-US trade war and the conflict between Ukraine and Russia have caused the price of raw materials to rise. In response to the reorganization of industrial supply chains due to geopolitical risks, the trend of companies investing in ASEAN has increased significantly. ASEAN itself
Slide 36: Eternal Materials
| ETERNAL ue MATERIALS = Elements of Infinite Possibilities
Eternal Materials — Investor conference hosted by President Securities Corp. 2024 on 6ix