Taita Chemical Co., Ltd. · TWSE:1309
Taita Chemical — FY2024 Earnings Presentation
27 slides from Taita Chemical's earnings presentation, Mar 25, 2025
Slide 1: Taita Chemical Co., Ltd. Investor Teleconference
2025 Taita Chemical Co., Ltd. Investor Teleconference Mar.25, 2025
Slide 2: Agenda
Taita Chemical Co., Ltd 台聚關係企業 2025 Investor Teleconference Agenda Host General Information Chunhao Huang 2024 Review & 2025 Q2 Chunhao Huang Outlook Financial Information Chun Yao Li Q&A Paul Wu 2
Slide 3: General Information
2025 Investor Teleconference 台聚關係企業 General Information Established April 6, 1960 ABS / SAN NT$ 3.277 Billion Capital (2012) NT$ 3.976 Billion GPS / IPS Main (2024) Products NT$ 18.6 Billion EPS (2024 Consolidated) Revenue NT$12.0 Billion (2024 Individual) GW 3
Slide 4: General Information: Plants and Capacity
2025 Investor Teleconference 台聚關係企業 General Information Taipei headquarters Neihu Technology Park Tianjin plant (est. since Sept., 2005) Tianjin plant EPS Capacity: 140K MTA ** Production stopped since Apr. 20, 2019 Glasswool plant (est. since Mar., 1991) Cubic plant (est. since Jun., 1987) Zhong
Slide 5: General Information: Number of Employees
2025 Investor Teleconference 台聚關係企業 General Information No. of Empolyees 700 643 639 650 626 600 546 528 550 Tianjin Plant: 507 500 488 479 Production stopped 459 450 since Apr. 2019 ( -69 ) Cubic Production stopped 458 400 since Mar. 2022 ( -9 ) 350 300 2016 年 2017 年 2018 年 2019 年 2020 年 2021 年 202
Slide 6: General Information: Dividend
2025 Investor Teleconference 台聚關係企業 General Information Dividend Cash Stock 6
Slide 7: 2024 Business Review
台聚關係企業 Taita Chemical Co., Ltd 2025 Investor Teleconference 2024 Business Review Overall Spread Earnings per share Sustainable management 7
Slide 8: 2024 Business Review - Overall: Impact on Demand
2024 Business Review - Overall 台聚關係企業 Impact on Demand 8
Slide 9: 2024 Business Review - Overall: Sales Volume Comparison
台聚關係企業 2024 Business Review - Overall Unit: KT Comparison of sales volume 28%↑ 11 %↑ 3 %↓ 4 %↑ ≒ 9
Slide 10: 2024 Supply / Demand (China)
2024 Supply / Demand (China) Unit: 10KT ABS GPS EPS SM New capacity in 2024 120 40 140 195 Total capacity in 2024 880 800 900 2,200 Total demand In 2024 680 460 390 1,450 Source: Purchasing Dept., USI Group Develop market in addition to China & H.K. 10
Slide 11: Develop market in addition to China & H.K.
Develop market in addition to China & H.K. 2025 ABS 2023 2024 1~ 2月 China & H.K. 25% 15% 10% Area other than Target market: 75% 85% 90% China & H.K. India, Egypt, and S.E. Asia 2025 GPS 2023 2024 1~ 2月 China & H.K. 11% 12% 8% Target market: Latin America, Africa and Area other than China & H.K. 87%
Slide 12: Spread ABS-SM
台聚關係企業 Spread ABS-SM UNIT: USD/MT Source: PLATTS 12
Slide 13: Spread GPS-SM
台聚關係企業 Spread GPS-SM UNIT: USD/MT Source: PLATTS 13
Slide 14: Spread EPS-SM
台聚關係企業 Spread EPS-SM UNIT: USD/MT Source: PLATTS 14
Slide 15: Earnings per share 2018 – 2024
台聚關係企業 Earnings per share 2018 – 2024 UNIT: NTD Earnings Per Share 每股盈餘 6 5.07 4.65 5 4 3 2 1.19 1.04 1 0.63 -0.69 -0.56 0 -1 2018 年 2019 年 2020 年 2021 年 2022 年 2023年 2024 年 15
Slide 16: Sustainable management
台聚關係企業 Sustainable management In terms of sustainable management, Taita takes "creating sustainable value and building a sustainable society” as its core strategy. We implement ESG strategy actively, responsive to environmental and social challenges, and have got the SGS Green Label - PIR ISO14021 c
Slide 17: 2025 Q2 Outlook
台聚關係企業 Taita Chemical Co., Ltd 2025 Investor Teleconference 2025 Q2 Outlook 17
Slide 18: 2025 Q2 Outlook– Overall
台聚關係企業 2025 Q2 Outlook– Overall U.S. tariff policy, Over-Cap. in China Geopolitics supply/demand imbalances Develop new market, Drive sell-out Grow sales volume 18
Slide 19: 2025 China Supply Demand est.
2025 China Supply Demand est. 台聚關係企業 Unit: 10KT ABS GPS EPS SM New capacity Est. in 2025 220 40 120 100 Total capacity Est. in 2025 1080 710 980 2,320 Total demand Est. In 2025 760 500 450 1,600 Source: Purchasing Dept., USI Group 19
Slide 20: 2025 YTD Operating rate vs. Prices (East China)
台聚關係企業 2025 YTD Operating rate vs. Prices (East China) Operating rate East China ex-tank weekly, RMB/MT 100% SM ABS 10,000 90% PS EPS 9,800 80% 9,600 70% 9,400 60% 9,200 50% 9,000 40% 8,800 30% 8,600 20% 8,400 10% 8,200 0% 8,000 2025/1/17 2025/1/10 2025/1/24 2025/1/31 2025/2/14 2025/2/21 2025/2/28 2
Slide 21: 2025 Q2 Outlook
台聚關係企業 2025 Q2 Outlook U.S. tariff policy, fluctuations on ocean freight and geopolitical tensions continue to impact overall demand. Furthermore, China keeps expanding capacities which intensifies market competition. Therefore, the strategy of TTC focuses on growing new markets, reducing dependence
Slide 22: Financial Information
台聚關係企業 Taita Chemical Co., Ltd 2025 Investor Teleconference Financial Information 22
Slide 23: Consolidated Statements of Income
台聚關係企業 Consolidated Statements of Income In millions of NTD, except per share data 2024 Parent 2024 2023 2022 2021 2020 Diff. Company Consolidated Consolidated Consolidated Consolidated Consolidated Only Sales Volume(MT) 268,515 430,720 44,417 386,303 385,964 445,612 441,029 Sales 11,953 18,623 3,41
Slide 24: Product-specific revenue (2024Y)
台聚關係企業 Product-specific revenue ( 2024Y ) UNIT: millions of NTD GW 548 3% ABS 4,668 EPS-中山 25% 6,670 36% GPS 4,012 EPS-台灣 22% 2,705 14% 24
Slide 25: Financial ratio analysis (Consolidated Statement)
台聚關係企業 TAITA CHEMICAL CO., LTD. Financial ratio analysis (Consolidated Statement) 2024Y 2023Y 2022Y 2021Y 2020Y Operating income(loss) margin(%) (1.9) (3.1) 1.3 10.8 15.6 Net income(loss) margin(%) (1.2) (1.8) 2.3 8.9 12.4 Debt ratio(%) 36 25 22 29 31 Current ratio(%) 204 287 442 311 274 Quick ratio
Slide 26: Disclaimer
台聚關係企業 Taita Chemical Co., Ltd 2025 Investor Teleconference Disclaimer This presentation includes the company’s current information and any development or adjustments there of will be published according to laws, regulations or rulings. The company is not obligated to update or revise this presentat
Slide 27: Q & A
台聚關係企業 Taita Chemical Co., Ltd 2025 Investor Teleconference Tianjin Q &A Tou Tou Fen Fen Taipei HQ Gu Lei Chien Chen Zhong Shan Chien Chen Zhong Shan Lin Yuan Lin Yuan 27