Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — Q3 2024 Earnings Presentation
19 slides from Eternal Materials's earnings presentation, Nov 15, 2024
Slide 1: Eternal Materials
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Slide 2: 2024 Third Quarter Earnings Conference
2024 Third Quarter Earnings Conference Speaker : B.C. Liu, Spokesman / CFO Date : 2024/11/15
Slide 3: Agenda
Agenda 1. Profile 2. 3Q24 Financial results 3. Key messages 4. Q&A
Slide 4: Profile
Profile
Slide 5: Profile
Profile Chairman Allen K. L. Kao Core Business Manufacturing, processing and sales Overall Sales Founding Employees Revenue Taiwan 5 Chi na 14 1964 4,850 USD$ 1,363 Production Sites million US A 1 25 T ha i l a nd 1 Headcounts of Researcher R&D expenditures N ot e s 1 : Number of Employees on Ja pa
Slide 6: Development Milestones
Development Milestones Resins UV LED Equipment SYTHETIC RESINS MONOMER OPTICAL FILM VACUUM LAMINATOR COATING ADHESIVE OLIGOMER Wet CHEMICAL for PCB/ICS UNSATURATED UV COATING POLYESTER 1985 2000 2008 2016 1964 1989 2004 2013 2020+ PCB IC New Materials Biomaterials CCL EMC MATERIALS for SOLAR IN VITR
Slide 7: Global Production Sites
Global Production Sites Central North Northeast Japan (2) USA (1) China(1) China (1) China(1) Kodama Virginia Aichi Hubei Tianjin Yingkou Southwest Taiwan (5) China (2) Kaohsiung(3 Italy (1) Chengdu ) Milan Chongqing Pingtung New Taipei Global Production Sites 25 Thailand (1)
Slide 8: Global Service Network
Global Service Network Central China(3) North Northeast Korea(1) USA(1) Changsha China(2) China(1) Suwon Virginia Wuhan Tianijn Yingkou Hubei Japan(2) Italy (1) Southwest Yokohama Milan China(3) Chengdu(1) India(1) Chong qing(2) Taiwan (5) Mumbai Kaohsiung(1) Chungli(2)
Slide 9: 2023 Product Lines Sales Ratio
2023 Product Lines Sales Ratio Electronic Materials 26.4% Resins Materials 52.1% Dry Film Photoresist Dry Film Solder Mask Alkyd Resin、Solvent-Based UV INK Acrylic Coating Resin Dry Film Photosensitive Polyimide Water-Based Acrylic Coating Resin Liquid Polyimide Material Acrylic Resi
Slide 10: Annual Sales Distribution and 2023 Regional Markets Sales Ratio
Annual Sales Distribution (In the recent 5 years), 2023 Regional Markets Sales Ratio Unit : USD million Europe & Other 6% 2000 1,802 Africa 1% 1800 1,645 1600 1,363 Middle East 1% 1,299 1400 1,303 1,116 1200 973 1000 Northeast Asia 5% 793 799 826 800 600 469 472 395 America 4 % 400 364 339 200 160
Slide 11: 3Q24 Financial results
3Q24 Financial results
Slide 12: Financial Information-Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices 2024Q3 2023 2022 Unit：TWD Millions Amount % Amount % Amount % Cash and cash equivalents 7,626 12 7,624 13 6,671 11 and current financial assets Accounts receivable 16,406 26 15,213 26 17,132 29 Inventories 9,038 14 8,479 14 9,716 16 Financial assets
Slide 13: Financial Information-Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income 2024Q3 2023 2022 Unit：TWD Millions Amount % Amount % Amount % Operating Revenue 32,924 100 42,452 100 49,014 100 Gross profit 6,608 20 8,147 19 10,163 21 Operating expenses (4,917) (15) (6,232) (15) (6,886) (14) Operating Income 1,691 5 1,915
Slide 14: Financial Information-Cash Flow Statements
Financial Information-Cash Flow Statements 2024Q3 2023 2022 Unit：TWD Millions Amount Amount Amount Cash and cash equivalents at the 6,382 5,451 4,289 beginning of the year Cash flows from operating 2,407 6,514 6,581 activities Acquisition of property, plant (2,752) (3,149) (2,783) and equipment Incr
Slide 15: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits Unit：TWD Millions Sales 3Q24 y/y q/q 營收 3Q23 4Q23 1Q24 2Q24 3Q24 Sales 11,268 10,759 10,021 11,570 11,334 Sales +0.6% -2.0% GP 毛利 Gross 3Q23 4Q23 1Q24 2Q24 3Q24 -2.6% +2.2% Profits GP 2,306 2,061 2,164 2,198 2,246 GPM 20.5% 19.2% 21.6% 19.0% 19.8% 15
Slide 16: Performance by Segment
Performance by Segment TWD Millions 3Q Sales 3Q Operating Profits Sales % Others High Performance Materials Electronic Materials y/y q/q y/y q/q Resin Materials 1% 0% 0% 0% 22% 26% 26% 27% Resin Materials 5,381 -9% -4% 84 -61% -56% 26% 26% 27% 25% Electronic 2,816 -1% -5% 188 -20% -24% Materials 51%
Slide 17: Recap of Recent Major Events
Recap of Recent Major Events
Slide 18: Recap of Recent Major Events
Recap of Recent Major Events Eternal Materials Board of Directors approved the release of shares of subsidiary Eternal Precision Mechanics Co., Ltd. (2024/06/28) Eternal Materials Board of Directors resolved to expand the coating production line of subsidiary Eternal Materials (Malaysia) Sdn.Bhd
Slide 19: Eternal Materials
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