Wah Lee Industrial Corp. · TWSE:3010
Wah Lee Industrial — Investor Presentation (September 2004)
23 slides from Wah Lee Industrial's investor presentation, September 2004
Slide 1: Investor Meeting
WAH LEE INDUSTRIAL CORP. Material Pioneer, Technology Navigator INVESTOR MEETING September, 2004 Code Number : 3010 TT http//:www.wahlee.com
Slide 2: Agenda
Agenda Agenda Company Profile Company Strategies Product Lines Financial Results Long-term Investments China’s Strategic Plan Future Vision Material Pioneer, Technology Navigator 1
Slide 3: Company Profile
Company Profile Company Profile Inception: 10/1/1968 Capital: NT$1,737,519,280 Chairman: Mr. Ray Chang President: Mr. C.Y. Chen Product lines: Materials and Equipments for : Semiconductor Flat Panel Display/Opt-Electronics Print Circuit Board /Mother Board Information Tech/Information Application Em
Slide 4: Worldwide Offices
Company Profile Worldwide Offices China Taipei Beijing Tokyo USA Shanghai Cheng Du Hsin Chu San Jose Hong Xiamen Taiwan LA Kong Shenzhen Taichong Wah Lee Corp. South East Asia ． Singapore Malaysia Tainan Thailand Philippines Kaohsiung Wahlee Long-term Investments Material Pioneer, Technology Navigat
Slide 5: Wah Lee's Business Evolution
Company Profile Wah Lee’s Business Evolution I. Leading Total Service Solution Provider in Mainstream Markets: Catch the trend of industries FPD Semiconductor PCB Engineering Plastic 1970 1980 1985 1990 2000 II. Developing Next Generation Technologies: ¾ Nano Materials ¾ Fuel Cell Batteries Material
Slide 6: Company Philosophy
Company Strategy Company Philosophy Mission To introduce and develop advanced materials, equipment and technology, to provide high valued services and to create profits for shareholders, customers and employees. Vision Core Value To become the largest • Innovation comprehensive service • Integrity d
Slide 7: Operation Strategy
Company Strategy Operation Strategy Triple Winning：Competitive Advantages Corporate Strategic alliance Brand Image partnership with •Ongoing operation “Trustworthiness key suppliers •Solid supplier and advanced relationship •Professional leadership” •Strategic alliance management team Capability to
Slide 8: Wah Lee's Value Add
Company Strategy Wah Lee’s Value Add Total Solution Service Provider Quality International Licensed materials Fulfillment promises to customers Cost Control Reduce suppliers’ management and marketing cost Decrease customers’ inventory cost Delivery System Just in time distribution Supply availabilit
Slide 9: Product Lines
Product Lines Product Lines Wah Lee provides international sales and marketing services in industrial leading materials, equipments, technologies, and services in the mainstream markets. Wah Lee further engages in value added collaborations in partnership with world leading manufacturers and custome
Slide 10: Product Lines
Product Lines Product Lines Industry Products Key Accounts ¾Dry film Compeq,NANYA, Unimicron,Chin-Poon ¾GE-TEK Low-k Substrate PC Board / WUS,Unicap,Unitech- ¾PCB Processing Equipments & PCB,GCE,PPT,ASE Test, Mother Board Materials BoardTek 13% ¾MB related Equipments & ECS,ASUS,Gigabyte, Materials Y
Slide 11: Products Under Development
Product Lines Products Under Development PC Board / Mother Board Semiconductor • GE-TEK Low-k Materials • Low-k Materials • E-PTFE IC Substrate • CMP Slurry & PAD • 3rd Generation Mobile Phone • Photo Resist in Substrate Advanced Process • Flip Chip Substrate Opto- PCB/MB Semi FPD / Opto-Electronic
Slide 12: Financial Achievement As of H1, 2004
Financial Results Financial Achievement As of H1, 2004 NTD Thousands 2004 Annual Forecast H1 (Jan.~Jun.), 2004 2004 Audited * Audited Act./AE % Net sales 9,248,540 100.00% 4,596,330 100.00% 49.70% Gross profits 1,490,387 16.11% 738,951 16.08% 49.58% Operating Exp. 672,416 7.27% 338,930 7.37% 50.40%
Slide 13: Financial Achievement As of August
Financial Results Financial Achievement As of August NTD Thousands 2004 Annual Forecast Jan.-Aug. 2004 2004 Audited * Actual*1 Act./AE % Net sales 9,248,540 100.00% 6,291,580 100.00% 68.03% Gross profits 1,490,387 16.11% 994,312 15.80% 66.72% Operating Exp. 672,416 7.27% 450,388 7.16% 66.98% Operati
Slide 14: Financial Achievement As of August
Financial Results Financial Achievement As of August NTD Thousands Aug. 2003 Aug. 2004 MOM Jan.-Aug. 2003 Jan.-Aug. 2004 YOY Audited Actual *1 Growth% Audited Actual *1 Growth% Net sales 705,068 100.00% 845,518 100.00% 19.9% 5,070,448 100.00% 6,291,580 100.00% 24.1% Gross profits 113,964 16.16% 127,
Slide 15: Sales Breakdown by Industry
Financial Results Sales Breakdown by Industry Year 2003 2004 Forecast Others Others PCB/MB 8% Semi PCB/MB 10% Semi 13% 28% 27% 12% FPD FPD 20% 18% IT/ IA 31% IT/IIA Jan.~Aug. 2004 33% Others 9% Semi PCB / MB 29% 13% FPD 17% IT / IA 32% Material Pioneer, Technology Navigator 14
Slide 16: Revenue Growth by Industry (1)
Financial Results Revenue Growth by Industry (1) Semiconductor PCB/MB NTD Millions NTD Millions 3,000 1,400 1,243 2,474 1,200 1,120 2,500 1,055 1,047 2,122 2,196 2,019 2,079 1,000 2,000 820 800 1,500 600 1,000 400 500 200 0 0 2000 2001 2002 2003 2004 F 2000 2001 2002 2003 2004 F (Continued) Material
Slide 17: Revenue Growth by Industry (2)
Financial Results Revenue Growth by Industry (2) IT/IA FPD NTD Millions NTD Millions 3,500 2,000 1,866 1,800 3,000 2,858 2,646 1,600 1,474 2,488 2,500 1,400 2,177 2,064 1,200 2,000 958 1,000 1,500 800 1,000 600 441 400 500 240 200 0 0 2000 2001 2002 2003 2004 F 2000 2001 2002 2003 2004 F Material Pi
Slide 18: Annual Revenue
Financial Results Annual Revenue NTD thousands 9,248,540 10,000,000 9,000,000 7,992,040 8,000,000 7,346,139 7,000,000 6,276,876 5,826,334 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2000 2001 2002 2003 2004 F Material Pioneer, Technology Navigator 17
Slide 19: Earnings Before Tax
Financial Results Earnings Before Tax NTD Thousands 1,180,306 1,200,000 943,991 1,000,000 840,245 800,000 696,585 686,916 600,000 400,000 200,000 0 2000 2001 2002 2003 2004 F Material Pioneer, Technology Navigator 18
Slide 20: Pre-Tax EPS
Financial Results Pre-Tax EPS EPS: NTD Capital Amount: Thousands 9.0 2,000,000 1,783,309 8.0 8.5 1,646,518 1,800,000 1,465,017 7.0 1,600,000 1,160,884 1,400,000 6.0 6.62 6.05 1,200,000 5.0 6.11 5.73 835,257 1,000,000 4.0 800,000 3.0 600,000 2.0 400,000 1.0 200,000 0.0 0 2000 2001 2002 2003 2004 F Pr
Slide 21: Long Term Investments
Long Term Investments NTD Thousands Y04 Annual Long-term Holding Act./ Features Product Lines P&L Estimate Jan.~Aug.Y04 Investments % Actual P&L AE% (Wah Lee’s share) Expansion Into Semiconductor packaging and Chang Wah Electromaterials test materials Local Markets 39.27 118,436 110,943 93.67 Inc. N
Slide 22: China's Strategic Plan
China’s Strategic Plan Wah Lee Industrial Corp. Taiwan Raycong Wah Lee Holding Corp. Hong Kong ( BVI ) Wah Fu You Guang Shanghai Shanghai Shen zhen Guang zhon Hua Chang Yi Kang (Planning) (Planning) Material Pioneer, Technology Navigator 21
Slide 23: Future Vision
Future Vision The largest comprehensive service distributor in Great China Local Wah Lee’s Core Business Value Added Expansion Services Semiconductor Chang Hwa Materials and machine for 12” Wah Hong Electromaterials assembly and 0.11, 0.09μprocess IT / IA Engineering plastic, LCP and PA9T Nagase Wah
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