St.shine Optical Co., Ltd. · TPEX:1565
St.shine Optical — Q3 2024 Earnings Presentation
21 slides from St.shine Optical's earnings presentation, Nov 20, 2024
Slide 1: St. Shine Optical Investor Presentation
Carol Chou／Spokesperson 2024.11.20 1
Slide 2: Disclaimer
Disclaimer • This presentation contains forward-looking statements and these forward-looking statements are subject to risks, uncertainties and assumptions. The unexpected circumstances arise may cause the differences between the actual results and the company’s expectations. • The forward-looking s
Slide 3: Company Profile
Company Profile Business Model Taiwan：OBM；Overseas：ODM、OEM Markets Focus Taiwan、Japan、Europe、China、USA About Us Establishment：1986 Main Product：Disposable Contact Lens Capacity：1 billion pieces Employees：about 2,600 Factory：Taiwan
Slide 4: Events
Events 1986 Establishment of St.Shine Optical 1992 Aspheric Multifocal lens production 1997 Cast-mold production line for spherical 1999 Got GMP Certification. Launched multifocal lens 2004 The first launched daily disposable lens in TW Public listing in TPEx The first launched of cosmetic daily dis
Slide 5: Worldwide Customers
Worldwide Customers UK Canada Holland Belgium Turkey South Germany Korea USA Greece China Spain Italy Japan Mexico Israel Taiwan Saudi Hong Kong India Arabia Malaysia Singapore Indonesia Brazil Australia and NZ
Slide 6: Topics
Topics The Industry The Company • World Market • Financial result • Taiwan Custom data • Planning and • Competitors Perspective • Opportunities and Challenges
Slide 7: Global Market scale
Global Market scale Worldwide YoY % Unit：USD million 10,000 Decline by 15% COVID-19 9,000 10% 8,000 7,000 5% 6,000 5,000 0% 4,000 -5% 3,000 2,000 -10% 1,000 - -15% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Data source：Contact Lens Spectrum, St. Shine estimated
Slide 8: Taiwan Customs Import/Export
Taiwan Customs Import／Export Unit：thousand pcs Import Export 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Data source：Customs Administration
Slide 9: Export Change of Taiwan Custom
Export Change of Taiwan Custom Unit：thousand pcs Asia Europe America 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Data source：Customs Administration
Slide 10: Export Change of Taiwan Custom
Export Change of Taiwan Custom Unit：thousand pcs Japan China 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Data source：Customs Administration
Slide 11: Competitions
Competitions 《Overseas》 《Taiwan》 • USA - J&J、Alcon、 • St. Shine Optical (1986) Cooper Vision • Unicon (1992) • Canada - B&L • Yung Sheng (1995) - Ginkno • Spain - Mark'ennovy • Visco (1998) • Japan - Seed、Menicon • I-See Vision (1999) • Korea - Bescon(B&L)、Interojo、 • Largan Medical (2004) - Largan
Slide 12: Financial Result 2024 Q1-Q3
Financial Result-2022Q3 Unit：thousand NTD 2024 Q1-Q3 2023Q1-Q3 YoY Operating revenue 3,320,177 100% 3,259,496 100% 2% Gross profit from operations 869,222 26% 694,846 21% 25% Operating Expenses (305,974) (9%) (275,117) (8%) 11% Net operating income 563,248 17% 419,729 13% 34% Total non-operating inc
Slide 13: Revenue Breakdown by region
Revenue Breakdown-by region 2024Q1-Q3 2023Q1-Q3 TW TW 13% 12% None None Asia Asia Asia Asia 72% 73% 15% 15% Japan is the main market in Asia
Slide 14: Revenue Breakdown by product
Revenue Breakdown-by product 2024Q1-Q3 2023Q1-Q3 Non Color Non Color Color 56% Color 56% 44% 44% Daily lens accounts for 90% above
Slide 15: Planning and Perspective
Planning and Perspective Capacity Planning -Accelerate process of automation timelines -Continue to invest in the R&D of high-efficiency process equipment -Improve production efficiency of silicone hydrogel -Increase sustainable procurement ratio -Reduce costs to increase -Develop different material
Slide 16: Opportunities and Challenges
Opportunities and Challenges USD/JPY 200 150 100 • Color/Aspheric daily (Hygrogel/Silicone USD/NTD Hydrogel) 33 31 -> Stable Asia and Europe markets 29 • Toric Growth Momentum 27 -> USA, Europe and Japan markets • Multifocal -> Worldwide markets Outside Impact (over 40 year-old wearers) • Appreciati
Slide 17: Own Brand families
Own Brand families 光漾瞬間 抗藍光
Slide 18: Own Brand families
Own Brand families 臻魅 Charm Akira MUSE
Slide 19: Own Brand families
Own Brand families KOSMO 散光日拋 老花專用
Slide 20: Ticon website and social media
Ticon website Ticon IG Ticon FB Ticon LINE
Slide 21: Thank You Q&A
Thank You: a 7) Q&A “ey