Jinan Acetate Chemical Co., Ltd. · TWSE:4763
Jinan Acetate Chemical — Investor Presentation (December 2022)
27 slides from Jinan Acetate Chemical's investor presentation, December 2022
Slide 1: 2022 Outlook Presentation
2022 Outlook Presentation December 2022 濟南大自然新材料股份有限公司 J i n a n A c e t a t e C h e m i c a l C o . , LT D .
Slide 2: Agenda
1. Introduction 2. 3Q22 Results AGENDA 3. Outlook 4. ESG/ Sustainable Environment 2
Slide 3: Jinan Acetate Chemical at a Glance
Jinan Acetate Chemical @ a Glance • Ticker: 4763 TT NT$m Sales Breakdown by Products 3,600 • Market Cap – 28 December 2022: NT$12,641 mn 3,000 7% • 2021 Revenue: NT$2,715 mn 1% 2,400 30% • 2022.1~11 Revenue: NT$3,868 mn 28% 34% 1,800 29% • ROE: Averaged 22% in 2017 through 2021 17% 25% 1,200 63% • 2
Slide 4: Acetic Anhydride plant has begun mass production
Acetic Anhydride plant has begun mass production Started selling some of our production externally in October 2021 Acetek Momentum Co., Ltd. Zaozhuang, Shandong. Employee size: 42 4
Slide 5: Acetate (Shandong) Environmental Fiber factory progress
Acetate(Shandong)Environmental Fiber Co.,Ltd. factory progress 5
Slide 6: Factory progress (continued)
Acetate(Shandong)Environmental Fiber Co.,Ltd. factory progress(continued) 6
Slide 7: Capacity Expansion to Support Our Growth
Capacity Expansion to Support Our Growth Capacity Growth through New Lines and Debottleneck 60,000 60,000 60,000 60,000 48,000 45,000 37,000 33,000 30,000 30,000 25,000 20,000 17,000 15,000 2020 2021 2022 2023E 2024E Acetate Tows Acetate Flakes Acetic Anhydride Note: the capacity refers on this page
Slide 8: Key Highlights
Key Highlights ✓ The double-digit growth momentum expected to extend to next year With strong demand and continuous capacity expansion, Optimistic about 2023 annual revenue reaching a new high. Revenue growth expected. Growing above industry average leads to market share gain and strengthens our pos
Slide 9: Sales Breakdown
Sales Breakdown Sales in the 2022 1~11 was NT$3,868 million, better 59% than 2021 1~11 Jan. through Nov. 2022 Jan. through Nov. 2021 Acetate Flake 31% Acetate Flake 32% Acetic Anhydride 5% Acetic Anhydride 1% Acetate Tow Acetate Tow 64% 67% Acetate Tow Acetate Flake Acetic Anhydride Acetate Tow Acet
Slide 10: 3Q22 Performance
3Q22 Performance Key 3Q22 Performance Metrics Key Observations ✓ Sales grew 87% YoY to NT$11,96mn in 3Q22, reaching a ✓ The sales in the 3Q22 was due to the substantial in acetate tow record high for a single quarter. revenue, and the demand for spinning-grade vinegar tablets and plastic-grade vineg
Slide 11: Outlook for 2H22 – Expected to be Better than 1H22
Outlook for 2H22 – Expected to be Better than 1H22 2022.1~11 Tow sales grew 53% YoY. As the US and many European countries have started to ease down lockdown restrictions, duty- free shops affected by travel restrictions are expected to gradually recover, driving demand for tows. In addition, Tow is
Slide 12: Outlook for 2023 – Expected to be Better than 2022
Outlook for 2023 – Expected to be Better than 2022 • Demand for tows and flakes is strong. Since the third quarter of last year, the product price adjustment with customers has been carried out. With the continuous increase in production capacity, the economic scale has been expanded, and upstream i
Slide 13: Outlook - Cellulosic Granules
Outlook - Cellulosic Granules Cellulosic Granules 纖維素膠粒 • Ready to process • Good mechanical properties Similar to engineering plastics ABS or PC • Widely used in thermoplastic forming processes Example: injection molding, extrusion thermoplastic molding, tape casting, etc. • Bio carbon content 50%
Slide 14: Cellulosic Granules Applications
• Mechanical properties are simila r to engineering plastics ABS or PC Injection molding • Manufactures transparent, rigid products with injection molding • Manufacture of sheets and ther moforming Extrusion • Used in the manufacture of rigid molding packaging materials • Cast extrusion process to m
Slide 15: HNB (IQOS) Prospects
HNB(IQOS) Prospects • The output of H12021 heat-not-burn pods was about 35.7 billion, an increase of 11.6% over the same period last year. • The output of H12022 heat-not-burn pods was about 40.2 billion, an increase of 12.6% over the same period last year. • According to data from the PMI market re
Slide 16: HNB (IQOS) There are many stores in Taipei
HNB(IQOS) There are many stores in Taipei 16
Slide 17: Outlook–Prospects of Cellulose Acetate
Outlook–Prospects of Cullulose Acetate To diversify product categories and expand the downstream customer base • Acetate women's clothing continues to increase and brand advantage. • Biodegradable use of consumer goods and packaging materials. • New applications for electronic products (Inculding HN
Slide 18: ESG- Sustainable Environment
ESG- Sustainable Environment ✓ Environmental management Our company introduced and established the ISO14001 environmental management system, and passed the verification of the third-party Shanghai Ingle Certification Co., Ltd. in 2018, demonstrating its determination to spare no effort in environmen
Slide 19: ESG-Sustainable Environment
ESG-Sustainable Environment 19
Slide 20: ESG-Sustainable Environment
• ESG-Sustainable Environment Photovoltaic power station 20
Slide 21: Our 5-Year Targets
Our 5-Year Targets 01 Expand our global market share in acetate tows to 5% Be an industry leader in the development of biodegradable 02 acetate flakes, and recyclable acetate flakes for optical frames, aiming to take advantage of circular-economy opportunities 03 Sustain ROE in excess of 20% Continu
Slide 22: Appendix
Appendix
Slide 23: Jinan Acetate Chemical Corporate Structure
Jinan Acetate Chemical Corporate Structure Jinan Acetate Chemical Co., Ltd. (Cayman) Listed Entity 100% My Parents Living Technology Limited (Hong Kong) Hong Kong Holding Company 100% 80% 100% 80% 100% Acetek Momentum Acetek Chemical Co., Jinan Acetate Acetek Material Co., Acetate(Shandong) Co., Ltd
Slide 24: Acetate Tow Strategic Alliances
Acetate Tow Strategic Alliances Marketing & Distribution Strategic Alliances Wang ✓ South America Market: Macrifer Trading S.A. Family The owner of Macrifer owns GlobalFilters and Tabacalera Affiliate Company Chairman Wang and Hernandarias (TH). GlobalFilters is the largest cigarette filter of Globa
Slide 25: Plastic Grade Flake Strategic Alliances
Plastic Grade Flake Strategic Alliances ✓ Strike Alliances with Downstream Acetate Granule and Jinan Acetate Ken Chen Plate Manufacturers Chemical Thy Glory, JINLIANG, and TALY are cellulose acetate plate and Owner of Thy Listed Entity granules manufacturers. All are downstream customers of Acetek’s
Slide 26: Disclaimer
Disclaimer •The information contained in this confidential document ("Presentation") has been prepared by Jinan Acetate Chemical Co., Ltd. (Cayman) (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained her
Slide 27: Thank You
Thank You oy FRAGT ORSROE
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