Asia Polymer Corporation · TWSE:1308
Asia Polymer — FY2025 Earnings Presentation
31 slides from Asia Polymer's earnings presentation, Mar 20, 2026
Slide 1: Asia Polymer Corporation Investor Conference
2026 03/20 Asia Polymer Corporation Investor Conference
Slide 2: Disclaimer
Disclaimer This presentation includes the Company’s current information and any developments or adjustments thereof will be published according to laws, regulations or rulings. The Company is not obligated to update or revise this presentation. The information in this presentation is not for investm
Slide 3: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 2
Slide 4: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 3
Slide 5: Brief Introduction to APC
APC Reported By: Kevin Huang (Sales Director) Brief Introduction to APC 4
Slide 6: Established Date, Capital, Employees, Revenue
Established Date Jan.25,1977 Capital NT $5,940M No. of Employees 231 (2026.3.01) Individual：NT $5,620M Revenue(2025) Consolidated：NT $5,740M 5
Slide 7: LDPE/EVA Plant
LDPE/EVA Plant Production Facility Annual Capacity Main Products • 4 sets of High- • Total at 150KMT • Low Density Pressure Polyethylene Resin autoclave (Lamination/Injection /Film Grades) production lines • Ethylene-Vinyl Acetate Copolymer Resin(High-Elastic Foaming/Extrusion Coating/PV/W&C Grades)
Slide 8: APC LDPE applications
APC LDPE applications High-End Applications APC’s products are primarily applied in Semiconductor packaging, Low-gel differentiated and customized high-end markets. protective films, Medical equipment Mid-Range Applications Food packaging, Electronic packaging, Hygiene products, Cosmetic packaging 4
Slide 9: APC EVA major applications
APC EVA major applications EVA Solar Grade EVA Coating Grade Shoe’s material Wire & Cable 8
Slide 10: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 9
Slide 11: Business Review and Outlook
APC Reported By: Kevin Huang (Sales Director) Business Review and Outlook 10
Slide 12: Crude Oil / Ethylene Monomer Review
Crude Oil / Ethylene Monomer Review Crude Oil: OPEC+ slightly increased production in 2025 Q4. Coupled with future economic uncertainties, fueled persisting market concerns regarding a global supply glut. As a result, crude oil price fell down and once below US$60/barrel. Ethylene: Weak demand for
Slide 13: EVA Prices Review
EVA Prices Review EVA 14%~20% CFR CMP EVA 22%~30% CFR NEA Ethylene CFR NEA VAM Lami-EVA CIF CMP 1700 2024 2025 2026 1500 1300 USD/MT 1100 900 700 500 Source from: ICIS 12
Slide 14: LDPE Price Review
LDPE Price Review LDPE NEA Ethylene CFR NEA 1200 2024 2025 2026 1100 1000 USD/MT 900 800 700 600 Source from: platts 13
Slide 15: LDPE Operation Review: 2025
LDPE Operation Review: 2025 ● In early 2025, the news about potential shut down of Yanshan Petrochemical—a major supplier of coating-grade LDPE in Mainland spreaded widely. Driven by trader speculation, market prices briefly surged to US$1,400/MT. Subsequently, the market experienced a correction as
Slide 16: EVA Operation Review: 2025
EVA Operation Review: 2025 ● Strong Photovoltaic (PV) demand in 2025 Q1 offset the impact of new EVA capacities launching in China (2 lines of 200 kmt/yr each). Since mid-April, EVA prices turned downward due to U.S. reciprocal tariffs. Although prices rebounded in early August as China's PV demand
Slide 17: Sales Review: 2023~2025
Sales Review: 2023~2025 LDPE/EVA Sales Volume Comparison Sales Volume 2023 2024 2025 (KMT) LDPE 33 45 47 EVA 96 87 88 Total 129 132 135 16
Slide 18: APC's EVA Application Proportion
APC’s EVA Application Proportion PV PV 7% FOAM(H) 15% FOAM(H) 21% 27% Sales in 2024 Sales in 2025 EVA 87,356MT Lami. 87,768 MT FOAM(L) 43% 21% EVA FOAM(L) Lami. 23% 43% 17
Slide 19: Sales of Lami-grade EVA
Sales of Lami-grade EVA Unit.:MT/Yr. 37,994 37,979 thermal laminating pre-coated thermal pouches lamination film 29,951 25,269 23,747 21,551 19,681 12,729 2018 2019 2020 2021 2022 2023 2024 2025 18
Slide 20: Sales of PV Grade EVA
Sales of PV Grade EVA Unit.:MT/Yr. 29,366 PV Film 27,288 26,185 24,667 25,526 20,896 12,724 6,067 2018 2019 2020 2021 2022 2023 2024 2025 19
Slide 21: Business Outlook for Q1
Business Outlook for Q1 Crude Oil& Ethylene(C2)： Affected by the US-Iran war, crude oil prices have climbed sharply, and ethylene prices have risen accordingly. Continued monitoring of the situation in the Middle East is necessary, particularly regarding potential blockades of the Strait of Hormuz
Slide 22: Business Outlook for Q1
Business Outlook for Q1 EVA： China announced the cancellation of export tax rebates for PV products starting April 1st. In early 2026, PV demand showed a clear recovery, triggering a rebound in EVA prices. Following the outbreak of the U.S.-Iran conflict in late February, soaring crude oil and eth
Slide 23: Business Outlook for Q1
Business Outlook for Q1 LDPE： Due to the rising variable costs in Taiwan downstream markets some domestic customers are importing semi-finished products for processing, combined with sales quota restrictions in March, Q1 LDPE sales volume is projected to decrease slightly compared to the same peri
Slide 24: Business Outlook for Q1
Business Outlook for Q1 Affected by the conflict in the Middle East, several petrochemical plants in Asia have announce Force Majeure or reduced production. To prevent customers from hoarding and to ensure a stable supply of materials for loyal clients, we have implemented new sales measures start
Slide 25: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 24
Slide 26: Financial Information
APC Reported By: David Chang (Accounting Manager) Financial Information 25
Slide 27: Consolidated Statements of Income
Consolidated Statements of Income (In millions of NTD, except per share data) 2025 2025 Increase 2024 2023 2022 2021 FY (Parent FY (Decrease) FY FY FY FY (Consolidated) (Consolidated) (Consolidated) (Consolidated) (Consolidated) Company Only) Sales 5,616 5,743 (288) 6,031 6,717 9,815 9,566 Cost of g
Slide 28: Financial Ratio Analysis-Consolidated
Financial Ratio Analysis-Consolidated 2025 2024 2023 2022 2021 FY FY FY FY FY Operating income(loss) margin(%) 0 (2) 14 30 35 Net income(loss) margin(%) (18) (12) 2 15 32 Debt ratio(%) 13 16 11 13 19 Current ratio(%) 304 299 324 244 211 Quick ratio(%) 196 225 243 199 173 Accounts receivable turnover
Slide 29: EPS vs DPS
6.00 5.00 4.00 3.00 2.00 1.00 0.00 (1.00) (2.00) (3.00) 2019 2020 EPS vs DPS —®— Cash dividend per share 2021 2022 —®-— EPS 2023 2024 (1.26) 2025 0.20 2026 28
Slide 30: Contents
Contents 01 Brief Introduction to APC 02 Business Review and Outlook 03 Financial Information 04 Q&A 29
Slide 31: Thanks for attending and kind support!
Thanks for attending and kind support! Company Website：http://www.apc.com.tw 30