Slide 1: Cryomax Cooling System Corp. 2021 Q2 Operating Results
Cryomax Cooling System Corp. 2021 Q2 Operating Results Stock Code 1587
Slide 2: Disclaimer
Disclaimer • This presentation contains insights into future operations. Opinions of future operations are based on many assumptions. Some of them are likely to be beyond the company’s control such as changes of economy trend. Therefore, forecasts mentioned in the report may have risks and uncertain
Slide 3: Agenda
Agenda I Company Profile Ⅱ Financial Reports Ⅲ Future Prospect
Slide 4: I Company Profile
I Company Profile
Slide 5: Company Profile
Company Profile Established on August 22, 1984 Paid-in Capital TWD NT $653,566,180 Company Name Cryomax Cooling System Corporation Employees 669 employees Chairman Andy Liu No.28 Gongqu Rd., Fangyuan Township, Changhua County , Headquarter Taiwan Subsidary China & United States Specializes in manufa
Slide 6: Milestones
Milestones 1984 Formation of Cryomax, start the production for copper radiator 1990 Tooling Center Established 1994 Approval from Military, and start supplying for military vehicles including Hummer 1999 Establishment of complete Aluminum Radiator Manufacturing Establishment of China Facto
Slide 7: Organization
Organization Cryomax Group Cryomax Taiwan Cryomax DongGuan Cryomax Nanjing Cryomax USA Date of Establishment: Date of Establishment: Date of Establishment: Date of Establishment: 8-22-1984 04-10-2006 05-29-2013 05-15-2006 Headquarter Manufacturing Center Marketing Center (U.S.) Tooling Center and R&
Slide 8: Product - Radiators
Product - Radiators PASSENGER CAR RADIATOR: Plastic-Aluminum/copper/aluminum OIL COOLER: plate / Concentric oil cooler/ motor oil cooler TRUCK/HEAVY DUTY/BUS RADIATOR: copper/aluminum INDUSTRIAL RADIATOR: Copper/aluminum, oil/water/gas transmission oil cooler HEATER EXCHANGER INVERTER EXTERNAL OIL C
Slide 9: Production – Mold and Tooling
Production – Mold and Tooling Major Production of Mold and Tooling Injection Mold Stamping Tooling Professional Molding Factory Stamping Tooling Injection Mold 5
Slide 10: Auto Parts Market Breaks Down
Auto Parts Market Breaks Down Main supplier Cryomax Original design and Manufacture (ODM) Molds • DENSO Vehicle & Assembly • MAHLE • VALEO spare Original Equipment Manufacturing (OEM) parts Auto Parts Market Original Equipment Service (OES) Radiator assembly Repair Service Cryomax & CM radiator Afte
Slide 11: Cryomax’s Core Competitiveness
Cryomax’s Core Competitiveness Quality、Lead time、 Long-term Cryomax participates in Technical 、 production and Partnership global network of DENSO marketing advantages • One stop production(in house) → Delivery time advantages. • Self-made components and molds →Quality advantages. • Technical backgr
Slide 12: Cryomax Market’s Position
Cryomax Market’s Position S u p p l i e r DENSO and other OEs High Price (Subcontract manufacturing (OES) to Cryomax) DENSO(Subcontract Middle Price manufacturing to Cryomax) / (AM) Taiwan Cryomax (Cryomax own brand) Competitors in China Low Price (AM) /Cryomax Nanjing (One stop production) 8
Slide 13: II Operation Overview
II Operation Overview
Slide 14: 2021 Business Growth Trend
2021 Business Growth Trend Currency: TWD NT Thousands；% 250,000 200,000 150,000 100,000 50,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 117,220 84,588 126,594 129,316 148,132 125,740 142,265 123,848 133,318 121,352 130,538 133,556 2020 128,019 94,524 131,974 106,226 105,127 162,049 155
Slide 15: Regional Revenue Ratio
Regional Revenue Ratio 80 60 40 20 0 2019 2020 2021 Q2 U.S. Taiwan Asia Europe Other 2019 2020 2021 Q2 NT$ 000 % NT$ 000 % NT$ 000 % U.S. 918,795 61 1,171,777 68 819,878 71 Taiwan 253,250 17 244,360 14 123,852 11 Asia 199,885 13 195,183 11 127,493 11 Europe 74,949 5 53,408 3 31,792 3 Other 69,588 4
Slide 16: Financial Results
Financial Results Currency: TWD NT Thousands；% Year 2019 2020 2021 Q2 Item Operating revenue 1,516,467 1,725,729 1,161,477 Gross profit (loss) 342,043 449,050 284,388 Gross Margin (%) 22.56% 26.02% 24.49% Net operating 25,279 131,413 93,458 income (loss) Operating 1.67% 7.61% 8.05% Margin(%) 2.64 EP
Slide 17: Future Prospect
Ⅲ Future Prospect 1. Expanding the Market Share of Radiators Continuously 2. Expansion of Production Capacity & Evaluation of the Production Layout in the 3rd Place 3. Promoting Mass Production of Condensers 12
Slide 18: Expanding the Market Share of Radiators Continuously
Expanding the Market Share of Radiators Continuously 1. Sale Units in Last 2 Years Unit：PCS Year 2020 2021 Item Radiators 1,298,058 906,284 2. Muscling for the U.S. market and expanding the Market Share Continuously 13
Slide 19: Expansion of Production Capacity & Evaluation of the Production Layout in the 3rd Place
Expansion of Production Capacity & Evaluation of the Production Layout in the 3rd Place 1. Production Capacity Units in Last 2 Years Unit：PCS Year 2020 2021 Q2 Item Radiators 1,443,036 826,357 2. The capacity of the Taiwan plant has been expanded from the current 100,000 PCS to 110,000 PCS per month
Slide 20: Promoting Mass Production of Condensers
Promoting Mass Production of Condensers 1. Condenser production process and mass production are transited with DENSO, which can supply to DENSO global subsidiaries constantly. 2. By using existing sales channels radiators to promote condensers. 15
Slide 21: Thank you
A Thank you