National Aerospace Fasteners Corporation · TWSE:3004
National Aerospace Fasteners — Q3 2022 Earnings Presentation
32 slides from National Aerospace Fasteners's earnings presentation, Nov 18, 2022
Slide 1: NAFCO Investor Conference
NAFCO Investor Conference 2022.11.18 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 2: Disclaimer
Disclaimer • This presentation and release contain “forward -looking statements” which may include projections of future results of operations, financial condition or business prospects based on our own information and other sources. • Our actual results of operations, financial condition or busines
Slide 3: Agenda
Agenda Company & Business Introduction by President Alvin Lin Finance Performance by CFO Chris Lee Q&A 豐 達 科 技 股 份 有 限 公 司 3National Aerospace Fasteners Corporation
Slide 4: Company & Business Introduction
Company & Business Introduction President Alvin Lin 豐 達 科 技 股 份 有 限 公 司 4National Aerospace Fasteners Corporation
Slide 5: Production Sites and Company Profile
Production Sites China Kunshan Taoyuan, Taiwan : Land 45,000 m² / Floor space：46,700 m² Kunshan, China: Floor space 15,400 m² Company Profile Founded : October 14, 1997 IPO : 2002 Taiwan Capital: TWD 520 million Taoyuan Major shareholder: Getac ( Since 2007 ) Employees: 659 2021 Revenue: TWD 1.426 b
Slide 6: Customers & Partners
Customers & Partners 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 7: Aviation Product Application
Aviation product Application 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 8: Industrial Product Application
Industrial Product Application Door Air Conditioning EV battery box Dashboard/Panel Chassis Body Composite structure Bumper Front-end module Side Step Intake manifold High temp components 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 9: Sales by Product
Sales by Product 21% 20% 18% industrial fasteners, 18% 12% 10% Aerospace machining component, 29% 0% Aerospace 2020 2021 2022 fasteners, 53% ( first 3Q) Proportion of industrial fasteners 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 10: 2021Q1~2022Q3 Quarterly Revenue Trend
2021Q1~2022Q3 Quarterly Revenue Trend Industrial fasteners 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 11: Business Development
Business Development Number of new product introduction 1000 852 798 643 Accumulated to Q3 500 468 384 0 2018 2019 2020 2021 2022 Develop new series of fasteners to expand product portfolio 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 12: Technology & Product Roadmap
Technology & Product Roadmap Assembly Smart Manufacturing Forging 2020 - Engine Bolt Engine Nut Machined Hardware 2019 - 2015 Found 2004 2008 1997 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 13: High-performance Aerospace Bolt series
High-performance Aerospace Bolt series Bolt shank with grooves Continue to deepen Machining Capabilities Different head type bolts for specific applications Continue to develop aerospace bolt forging ability Superalloy bolts for aerospace engines 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corp
Slide 14: Approved Forging Source
Approved Forging Source Since 2019 Strengthentheproductionvaluechain Raw Material Forging Machining NADCAP MMM Special Process Finished Product Safran approved forging source 3000tons Forging press for commercial aviation products 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 15: NAFCO Aerospace Forging Development
NAFCO Aerospace Forging Development Forging combined with Forging Odd Shape subsequent processing, build a competitive 1) internally threaded aerospace product family 2) ring Disk Shape (disc) shaped aerospace products 3) odd shaped aerospace products and 4) high market value aviation hardware parts
Slide 16: Engine Ring Products
Engine Ring Products Commercial Aircraft Engine Smart Manufacturing Aviation Forging Engine Engine Machine Bolt Nut d parts 2019 − Found 2015 1997 2008 2004 Forging Ring Machined Shaft Locknut 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 17: A Diversified Engine Nut series of different functions and sizes
A Diversified Engine Nut series of different functions and sizes 齒輪箱主模組 Self-locking Nut Lock nut Machined part 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 18: The focus of automotive product development---Customized Products
The focus of automotive product development---Customized Products chassis body 1997 2017 2020 2022 Standard parts Customized Rivet Nut / Brass Insert Co-designed with automakers & Tier 1 Continuous research and Focus on Lightweight/High Co-design with OEMs and Tier 1 development of customized Streng
Slide 19: Smart Manufacturing
Smart Manufacturing OTD Productivity Quality 2016 2017 2020 ~ Machine Smart Shop floor Kanban Networking Digitalization Manufacturing AI Automated Production Line Manufacturing Machine & Process Process Design & Automation Optimization Artificial Smart Intelligence Analytics Defect and Anomaly detec
Slide 20: Commercial Aircraft Market Trend
Commercial Aircraft Market Trend Air travel forecast • Intra-regional markets will gradually recover as countries ease travel restrictions, followed by long-distance travel returning to pre- pandemic levels in 2023-2024 Changes in aircraft type demand • Boeing's Commercial Market Outlook (2022-2041)
Slide 21: Market Recovery timeline
Market Recovery timeline 2023~2024 Return to pre-pandemic level Copyright © 2022 Boeing. All rights reserved. | CSM | DAH | CMOROLL | 13JUL22 Boeing Commercial Market Outlook 2022-2041 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 22: New builds
Boeing forecast airlines will need 41,170 new airplanes over 20 years 41,170 87 % 新 機 New builds Note：Airlines will need 19,575 new airplanes over 10 years Copyright © 2022 Boeing. All rights reserved. | CSM | DAH | CMOROLL | 13JUL22 Boeing Commercial Market Outlook 2022-2041 豐 達 科 技 股 份 有 限 公 司 Nat
Slide 23: National Aerospace Fasteners Corporation
豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 24: Single Aisle dominates the market
Single Aisle dominates the market Airline will need 41,170 new airplanes over 20 years PASSENGER AIRPLANES REGIONAL SINGLE AISLE WIDEBODY JETS AIRPLANES AIRPLANES AVIC ARJ-700 Boeing 717 Boeing 747 Bombardier CRJ Boeing 737 Boeing 767 Embraer ERJ Series Boeing 757 Boeing 777 Embraer 170 Series Boein
Slide 25: Primary single-aisle aircraft engines
Primary single-aisle aircraft engines PASSENGER AIRPLANES LEAP-1A/-1B/-1C have a 72 % share of the entire narrowbody market SINGLE AISLE AIRPLANES Boeing 717 Boeing 737 Boeing 757 Boeing/MDC MD-80, -90 Airbus A220 Series Airbus A320 Series Bombardier CRJ-1000 Comac C919 CFMI LEAP-1A PW1100G-JM CFMI
Slide 26: Engine production plan
Engine production plan Around 2,000 LEAP engines will be produced annually starting in 2023 2,000 engines Before Covid 19 LEAP will exceed 2019 volume 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 27: Financial Performance
Financial Performance Chris Lee / CFO 豐 達 科 技 股 份 有 限 公 司 27 National Aerospace Fasteners Corporation 27
Slide 28: 2022Q1~Q3 Sales Revenue
2022Q1~Q3 Sales Revenue Unit : NT$ Thousands Product Amount % Aerospace fasteners 805,371 53% Aerospace machining component 439,513 29% Automotive fasteners 265,408 18% TTL 1,510,292 100% 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 28
Slide 29: Sales Revenue, Net Income and EPS
Sales Revenue、Net Income and Eps Unit： NT$ Thousands 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 29
Slide 30: Asset and Liabilities
Asset and Liabilities Unit： NT$ Thousands 豐 達 科 技 股 份 有 限 公 司 30 National Aerospace Fasteners Corporation 30
Slide 31: Equity and Equity per share
Equity and Equity per share 豐 達 科 技 股 份 有 限 公 司 31 National Aerospace Fasteners Corporation 31
Slide 32: Thank you
Thank you 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
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