Slide 1: Elite Material Co., Ltd. - Global Leader of High-end Eco-friendly Laminates
1 Elite Material Co., Ltd. Global Leader of High-end Eco-friendly Laminates Presentation Feb, 2025
Slide 2: Disclaimer
2 Disclaimer This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources. The actual results of operations, financial condition, and business prosp
Slide 3: Agenda
3 Agenda 4Q24 & 2024 Financial Result P.4 Capacity Update P.9 Industry Overview P.10 Executive Performance P.12 Q&A P.16 Page 3
Slide 4: Financial Highlights - 4Q24
4 Financial Highlights - 4Q24 • Net consolidated revenue was NT$18.6 billion, representing an 6.3% increase from NT$17.5 billion in 3Q24 and an 44.1% increase from NT$12.9 billion in 4Q23. • Consolidated gross margin was 28.5%, 1.5 percentage points higher than 3Q24 and 0.2 percentage points higher
Slide 5: Financial Highlights - 2024
5 Financial Highlights - 2024 • Net consolidated revenue was NT$64.4 billion, representing an 55.9% increase from NT$41.3 billion in the same period of 2023. • Consolidated gross margin was 27.9%, 0.5 percentage points higher than in the same period of 2023. • Consolidated operating margin was 18.9%
Slide 6: 4Q24 P&L Summary
6 4Q24 P&L Summary Unit: NT$ million 4Q24 3Q24 QoQ 4Q23 YoY Revenue 18,562 17,463 6.3% 12,882 44.1% Gross profit 5,281 4,715 12.0% 3,651 44.7% Operating profit 3,525 3,167 11.3% 2,451 43.8% Income before tax 3,370 3,174 6.2% 2,528 33.3% Tax expenses (726) (659) 10.1% (542) 33.9% Net income 2,644 2,5
Slide 7: 2024 P&L Summary
7 2024 P&L Summary Unit: NT$ million 2024 2023 YoY Revenue 64,377 41,296 55.9% Gross profit 17,970 11,333 58.6% Operating profit 12,152 7,346 65.4% Income before tax 12,133 7,420 63.5% Tax expenses (2,564) (1,931) 32.8% Net income 9,569 5,488 74.4% EPS (NT$) - basic 27.81 16.35 70.1% Gross margin (%
Slide 8: 4Q24 Abstracted Balance Sheet
8 4Q24 Abstracted Balance Sheet Unit:NT$ million 4Q24 3Q24 4Q23 Amount % Amount % Amount % Cash & Equivalent 14,988 19.7% 13,601 19.4% 9,259 17.3% A/R+N/R 25,897 34.0% 23,438 33.4% 17,327 32.4% Inv 9,437 12.4% 8,741 12.5% 6,135 11.5% PPE 21,387 28.1% 19,378 27.6% 16,655 31.2% Total Assets 76,074 100
Slide 9: EMC Manufacturing - Globally Diversified
9 EMC Manufacturing - Globally Diversified 9 Page 9
Slide 10: High-end CCL (HDI & High-Speed / Frequency)
10 High-end CCL (HDI & High-Speed / Frequency) • High-end CCL market grows at 28% CAGR (2024-2027) • Overall CCL market grows at 12% CAGR (2024-2027) • EMC expects to outgrow high-end CCL market Overall CCL Market High-end CCL Market Source: Goldman Sachs Global Investment Research, Feb 2025 10 Page
Slide 11: EMC Global Ranking In 2023
11 EMC Global Ranking In 2023 • Global No. 1 - mSAP, HDI, Halogen-Free laminate provider. • Global No. 1 – High-Speed Laminate provider. 11 Page 11
Slide 12: Accelerated Sales Growth
12 Accelerated Sales Growth NTD：100 Million 650.0 600.0 2002：1.9 Bn 2024：64.4 Bn 550.0 2002 ~ 2024, CAGR=17.4% 500.0 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 Revenue Page 12
Slide 13: Next Stage of Outstanding Performance From 2024
13 Next Stage of Outstanding Performance From 2024 EPS: NTD 27.8 28.0 23.0 18.0 16.5 16.4 15.2 13.0 11.3 10.1 8.7 8.7 8.0 7.6 4.9 5.5 4.3 3.7 2.8 2.9 2.7 3.0 1.8 1.5 1.4 0.5 0.5 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (2.0) (1.0)
Slide 14: Stable Payout Ratio But Increasing $ Amount
14 Stable Payout Ratio But Increasing $ Amount (%) 20 120 18 17.00 100 16 98 14 80 69 12 69 66 67 63 67 10.00 10.00 10 57 62 61 61 61 60 57 56 59 8.5056 55 8 48 54 7.00 46 51 43 5.76 40 6 4.70 4.80 4.29 3.80 4 2.50 20 1.98 1.80 1.79 1.80 2 0.99 1.01 1.19 0.5 0.52 0.33 0 0 0 2003 2004 2005 2006 2007
Slide 15: The Corporate Social Responsibility Report
15 The Corporate Social Responsibility Report Page 15 15
Slide 16: Q&A
16 Q&A Page 16