Tatung Co. · TWSE:2371
Tatung — H1 2022 Earnings Presentation
33 slides from Tatung's earnings presentation, Aug 29, 2022
Slide 1: Tatung Company H1 2022 Analyst Meeting
Tatung Company H1 2022 Analyst Meeting @ Aug 29 2022 Enabler of Digital Transformation
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains forward-looking statements and is subject to risks and uncertainties. Actual results may differ materially from those contained in the forward looking statements. Except as required by law, we undertake no obligation to update any forward-looking stateme
Slide 3: Agenda
Agenda Topic Presenter Financial Report Jui-Kai Chang-Acting Spokesperson New Energy Layout Huey-Ching Yeh-Chairman of Tatung Forever Energy Co., Ltd. Q&A Bo-Yen Shen- EVP Enabler of Digital Transformation
Slide 4: Session 1: 2022 H1 Financial Report
Tatung Co. Confidential Session 1 2022 H1 Financial Report Enabler of Digital Transformation 4
Slide 5: Company Overview
Company Overview Establish 1918 Establisher Mr. Shan-Chih Lin | Mr. Ting-Sheng Lin Corporate Value Integrity, Honesty, Industry, Frugality Management team Chairman：Mr. Wkang-Hsiang Wang | President： Mr. Chin-Lai Wang Revenue Individual→NTD$ 7.7 billion (2022H1) Consolidated→NTD$ 14.4billion (2022H1)
Slide 6: Business Scope
Business Scope % : Revenue Percentage in 2021 Heavy Electrical Equipment Electric Power Motor Cable 52% Smart Meter Smart Energy New Energy Solar Energy Energy storage system 4% System Integration System Integration 15% Appliance Business Appliance Advanced Electronics 29% Enabler of Digital Transfo
Slide 7: Tatung Group
Tatung Group Tatung’s business scope covers photoelectric optoelectronics, energy, asset development, brand, chemical industry, electronic system integration and electronics Energy 5 listed company in Tatung Group Revenue： NTD 14.4 billion (2022H1) System Integration Employee ： 6,200 (overse
Slide 8: Major Subsidiary
Major Subsidiary TATUNG Shan Chih Asset Elitegroup Tatung System Tatung Fine Tatung Fine Development Computer Technologies Inc. Chemicals Co. Chemicals Co. Co., Ltd. Systems Co.,Ltd. Tatung group has Tatung group Tatung has a a 43.35% Tatung has a Tatung group has a 54.63% 100% shareholdin
Slide 9: Financial Highlight
Financial Highlight Enabler of Digital Transformation 9
Slide 10: Financial Summary
Financial Summary 1. Y22 1H Performance of Tatung Group Although some subsidiaries are affected by the pandemic, but growths can still be observed from some of them. Tatung group is still operating firmly and steadily. Consolidated revenue grow by 3.64%. Consolidated gross profit margin incres
Slide 11: Consolidated Revenue
Consolidated Revenue unit：NTD million Shan Chih Tatung Tatung Forward Tatung Fine San Chih Asset System (individual) Development Technologies Electronics Chemicals Semiconductor TTL others Total Amount 7,700 2,149 2,117 414 141 112 492 1,361 14,486 2022 H1 Percentage 53.15% 14.84% 14.61% 2.86% 0.97%
Slide 12: Consolidated Net Income
Consolidated Net Income unit：NTD million Shan Chih Asset Tatung System Forward Tatung Fine Tatung Chunghwa Picture San Chih others Development (individual) Tubes(Consolidated) (Consolidated) Technologies Electronics Chemicals Semiconductor TTL Total (Consolidated) (Consolidated) (Consolidated) (incl
Slide 13: Y22 1H vs Y21 1H (Consolidated)
Y22 1H vs Y211H-(Consolidated) NTD$ Million Quarterly growth rate/ 1H22 1H21 increase and decrease rate/ increase and decrease Operating revenues 14,486 13,977 3.64% Gross profit 4,057 3,451 17.56% Gross margin 28.01% 24.69% +3.32 point Operating expenses 2,568 3,045 -15.67% Expense Ratio 17.73% 21.
Slide 14: Operating Revenues
Operating Revenues unit：NTD million (Consolidated) (Individual) 9,000 5,000 4,740 8,064 7,564 7,663 4,500 8,000 4,050 7,409 3,935 6,568 6,823 3,765 7,000 4,000 3,695 3,691 3,500 6,000 3,000 5,000 2,500 4,000 2,000 3,000 1,500 2,000 1,000 1,000 500 0 0 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 1Q21 2Q21 3Q21 4Q2
Slide 15: Gross Profit
Gross Profit unit：NTD million (Consolidated) (Individual) 2,500 35.00% 1,000 20.00% 28.59% 17.00% 26.76% 24.36% 27.35% 30.00% 16.41% 2,000 15.11% 15.65% 24.03% 800 22.37% 25.00% 15.00% 13.02% 12.38% 1,500 20.00% 600 2,191 15.00% 10.00% 1,000 1,983 1,964 1,818 1,866 400 806 1,469 10.00% 612 616 618 5
Slide 16: Operating Profit
Operating Profit unit：NTD million (Consolidated) (Individual) 1,000 14.00% 400 8.00% 884 6.48% 5.90% 6.69% 307 11.54% 12.00% 300 6.00% 800 232 252 607 10.00% 2.99% 4.00% 200 600 8.90% 496 8.00% 121 2.00% 439 100 0.03% 400 6.15% 6.00% 0.00% 5.93% 1 0 4.00% -2.00% 200 -100 2.00% -4.00% 0 -200 0.00% -5
Slide 17: Net Income (after tax)
Net Income (after tax) unit：NTD million (Consolidated) (Individual) 3,000 80.00% 2,500 40.00% 2,228 65.16% 2,000 2,500 29.46% 30.00% 60.00% 1,500 2,000 20.00% 2,405 8.33% 1,500 40.00% 1,000 617 10.00% 20.42% 500 282 1,000 3.50% 15.61% 20.00% -0.88% 11.69% 0.00% 13.29% 0 500 827 -0.63% 740 -60 -8.15%
Slide 18: Earnings Per Share/Net Value Per Share
Earnings Per Share/Net Value Per Share Earnings Per Share(NTD) Net value per share(NTD) 1.2 18.0 1.03 17.28 1 17.0 16.57 16.35 0.8 0.6 16.0 15.26 0.35 15.02 0.4 14.84 0.22 15.0 0.32 0.19 0.2 14.0 0 -0.13 -0.2 13.0 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 Enabler of Digital Transfo
Slide 19: Main Financial Ratio
Main Financial Ratio (Consolidated) (Individual) 90.00% 200.00% 180.00% 173.92% 80.00% 158.72% 160.00% 148.08% 147.45% 70.00% 131.02% 73.70% 76.21% 72.83% 72.33% 73.14% 70.73% 140.00% 60.00% 120.00% 102.52% 50.00% 100.00% 40.00% 80.00% 30.00% 60.00% 20.00% 40.00% 10.00% 20.00% 0.00% 0.00% 1Q21 2Q21
Slide 20: Session 2: New Energy Layout
Tatung Co. Confidential Session 2 New Energy Layout Enabler of Digital Transformation 20
Slide 21: Tatung Energy Business Vision
Tatung Energy Business 1、The Outlook For The Energy Industry Vision 2、Situation of Tatung Energy Business 3、Revolutions of Tatung Energy Business 4、Plans of Tatung Energy Business 5、Business Goals 6、Conclusion Enabler of Digital Transformation
Slide 22: The Outlook For The Energy Industry: Net-zero trend
1、The Outlook For The Energy Industry (1)Net-zero trend and the energy revolution • IEA released a roadmap for reaching net-zero CO2 emissions in the energy sector by 2050. • Power is the core of energy system, especially the global electrification market is experience a tremendous growth • Reducing
Slide 23: Main trend of global Power system
1、 The Outlook For The Energy Industry (2)Main trend of global Power system WEF emphasized that Decarbonization, Digitalization and Decentralization is a new trend of the energy system. Decentralization • The roadmap of net zero, energy system need a whole change. Trend of • The evolution of power g
Slide 24: Situation of Tatung Energy Business: PV business
2、Situation of Tatung Energy Business (1)PV business Capacity 254 MWp Number of Site 1,297 sites Accumulated Power Generation 9.07 bn kWh Enabler of Digital Transformation
Slide 25: Situation of Tatung Energy Business
2、Situation of Tatung Energy Business (1)PV business CPO TATUNG FOREVER ENERGY CO. received the certificate of TESLA’s supplier Evaluation in 2022. We have installed 300 charging plies around the Taiwan. Renewable Energy Trading TATUNG FOREVER ENERGY CO. Renewable-Energy-Based Electricity Retailing
Slide 26: Tatung Energy business: Energy storage business
2、 Tatung Energy business (2)Energy storage business Smart Energy Business =「 System integration 」+ 「Energy Management」 Core Business： AFC Integrated energy storage application Micro-Grid Service Advantages： Professional SI Best EMS Service Comprehensive cloud management system Enabler of Digital Tr
Slide 27: Tatung Energy business: Energy storage sites
2、Tatung Energy business (2)Energy storage business Location : Tatung household Location : Tatung household appliance fatory appliance fatory Site : AFC Bilateral Contract Site : AFC Bilateral Contract Capacity : 1MW/1.5MWh Capacity : 4MW/4.6MWh First domestic enterprise sign First domestic enterpri
Slide 28: Revolutions of Tatung Energy Business
3、Revolutions of Tatung Energy Business We heading in the Reorganize renewable To cater for the demand of direction of an intelligent energy, ESS, and software Taiwanese and the trend energy service business. business, become an of international energy innovative company. development. Enabler of Dig
Slide 29: Revolutions of Tatung Energy Business: Business layout
3、Revolutions of Tatung Energy Business (1) Business layout BACKGROUND BUSINEESS LAYOUT BUSINESS POSITIONING • Decarbonization, • Operate Taiwan’s • Renewable energy Digitalization and distributed smart grid development and Decentralization • Build up a regional operator • Because of the climate ene
Slide 30: Tatung Forever Energy Subsidiaries and Reorganization
Subsidiaries Company Holding Paid-in Capital 7.301 B ： public tender Shang Shin Energy Co. Ting Shin Energy Paid-in Capital 6.001 B ： Co. Tung Shin Energy Co. Paid-in Capital 0.51 B ： Electricity Enterprise Tung Yang Energy Co. Paid-in Capital 4.5 B ： Tung Kuang Energy Co. Paid-in Capital 2.501 B ：
Slide 31: Plans of Tatung Energy Business
4、Plans of Tatung Energy Business Carbon Credit Electricity Market Market AFC、FIT、RECs、energy retailer offset、certificate、trading (comply with regulations) Market Development Virtual Power Plant Smart Energy System System Integration Energy Aggregator Green Energy Battery Energy Charge Point Operato
Slide 32: Business goals
5、Business goals • Increasing the amount of large-scale power plant Renewable • Renewable energy diversity 01 • Development integrated fields Energy • Enterprise building • Renewable electricity trading business • Basic market positioning：AFC Energy • Increasing function of energy storage：install sm
Slide 33: Thank you
Thank you Enabler of Digital Transformation 機密等級標示 3333