Shinih Enterprise Co., Ltd. · TWSE:9944
Shinih Enterprise — 2024 Investor Conference
35 slides from Shinih Enterprise's conference presentation, 2024
Slide 1: 2024 Investor Conference
2024 Investor Conference TWSE：9944 WELCOME
Slide 2: Disclaimer
Disclaimer The above statements that pertain to future projections constitute the expectations ,opinions ,outlooks ,or predictions of our company based on information available at the time the statements were made. Such statements may be affected by known and unknown risks and inherent uncertainties
Slide 3: Attendees
Attendees Chairman of the board Ray Ray President Tomas Special Assistant Joyce Finance director Martin SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 3
Slide 4: Agenda
Agenda 1. Shinih Introduction Speaker: Joyce 2. Overview of Nonwovens and Prospect Speaker: Joyce 3. Financial Overview Speaker: Martin 4. 4. Q&A
Slide 5: Introduction
Introduction
Slide 6: Shinih's Introduction
Shinih’s Introduction 62 Years 6 15 Manufacturing 2 1000 Employees Countries Facilities Application Types Worldwide Insulation Materials Industrial Materials SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 6
Slide 7: Global Placement
Global Placement Tangshan Nevada USA Qingdao CHINA Changshu Headquarters Shanghai Bade (Taoyuan) Los Angeles Mississippi Hangzhou Dongguan Puzi Hanoi (Vietnam) Guantian TAIWAN brine Thailand Ho Chi Minh City (Vietnam) Vietnam Karawang Indonesia Production base : Office: • Taiwan /5 • China /2 • Chin
Slide 8: What is nonwoven fabrics?
What is nonwoven fabrics ? Non-woven fabric is a material with a fibrous network structure formed without spinning or weaving. It is usually made of polymers, fibers or other synthetic materials. This material usually has good air permeability, water resistance and wear resistance, and is often used
Slide 9: Quick Overview of Nonwovens
Quick Overview of Nonwovens Meltspun Drylaid Airlaid Wetlaid • Opening/ Blending Web-Forming • Melt-blown • Carding • Airlaid •Wet Forming • Spunlaid • Cross Lapping • Drafting Mechanical Thermal Chemical • Calendering Web-Bonding • Hydroentanglement • Chemical • Through-air • Needle punch bonding b
Slide 10: Shinih Nonwoven Technology
Shinih® Nonwoven Technology Resin cotton Needle Loose cotton Melt- Thermal Punched SpunBond Boned Continuous imitation Blown VFT Staple Fiber Padding pom poms Filament down Apparel Accessories Shoe Bedding Furniture Automotive Agriculture Medical SHINIH ENTERPRISE CO., LTD.
Slide 11: Industry Market
Industry Market
Slide 12: Overview of Nonwovens
Overview of Nonwovens Annual growth rate 4.6% 2024 2034 USD 45.1 billion USD 70.7 billion Source：Nonwoven Fabrics Market: Global Industry Trends, Share, Size, Growth, SHINIH ENTERPRISE CO., LTD. Opportunity and Forecast 2022-2027 WWW.SHINIH.COM 12
Slide 13: 2023 Nonwovens Production in Asia
2023 Nonwovens Production in Asia 2022 2023 Wetlaid 2% 3% Other Drylaid 2% 2% Spunbonded 48% Spunlaced 17% 17% Needle punched 21% 22% Thermal bonded 5% 5% Chemical bonded 3% 3% SHINIH ENTERPRISE CO., LTD. Source：ANFA 2022 ( Nonwovens_Production_in_Asia_2022.pdf ) WWW.SHINIH.COM 13
Slide 14: Prospect
Prospect SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 14
Slide 15: Operational Strategy
Operational Strategy Value UP H4：Sustainable Development Ecocycling H3：Supply Chain VALUE Supply Chain Brand Conformity H2：Higher level Process Spunlace Spunmelt H1：Core Needlepunch Chemica l Thermal NOW TIME SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 15
Slide 16: H1-Core: Complete manufacturing process
H1-Core：Complete manufacturing process Spunlaced Needle Resin Spunbond Resin Punched bonded bonded Needle Thermal Spun bond Thermal Punched composite bonded bonded Spunlaced material Be the best strategy partner. Small but complete in every detail. SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 16
Slide 17: H2 - Higher level Process
H2- Higher level Process ： Higher Value Production Development Wet-laid SCM Collaborative Development NP Process Integration Nature Nonwovens Polymer Finish Good Consumer Fiber Chemical Brand regeneration boned microfibre Thermal boned multicompo nent fibers Provide Comprehensive Solution Spunbond S
Slide 18: H3 - Supply Chain Conformity
H3- Supply Chain Conformity ： Cycle Adjustment for China inside and outside Japan、Korea USA CHINA TAIWAN SEA Supply chain reorganization Energy Factors Anti-globalization trend SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 18
Slide 19: H3 - Supply Chain Innovation
H3- Supply Chain Conformity ： Supply Chain Innovation OEM Model : PUSH SHINIH Finish Polymer Fiber Nonwovens Good Brand Consumer ODM Model : PULL Supply Chain Networking, Application Solution Provider SHINIH Persistence Model ：Close Loop SHINIH Finish Nonwovens Good Fiber Brand Persistence mode Cons
Slide 20: H4 - Sustainable development
H4 - Sustainable development Sustainability Development Profit People Planet SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 20
Slide 21: Sustainable development 5R
H4 - Sustainable development Sustainable development 5R Redesign Replace Reduce Recirculate Refine SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 21
Slide 22: New concept: Cost = Capital
H4- Sustainable development New concept Cost = $$ Cost = Capital SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 22
Slide 23: H4 - Sustainable development
H4 - Sustainable development Natural Human Manufactured Financial Social Capital Capital Capital Capital Capital SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 23
Slide 24: Win-Win-Win
H4- Sustainable development WIN-WIN-WIN LESS CHEMICAL LESS RESOURCES LESS COST MORE SAVINGS SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 24
Slide 25: Innovation
H4- Sustainable development INNOVATION MATERIAL SUPPLY CHAIN PROCESS INNOVATION DISRUPTION REVOLUTION SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 25
Slide 26: Prevent products ending up as landfill
H4- Sustainable development Use Borrow Return We must prevent products to end up as landfill for as long as we can. SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 26
Slide 27: Green cycle
H4- Sustainability Innovation Spunlaced Needle Resin Resin Spunbond Punched bonded bonded Needle Spunbond Punched Thermal Spunlaced Thermal composite bonded bonded material G r e e n c yc l e Be the best strategy partner. Small but complete in every detail. SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM
Slide 28: Insulation Prospect
Insulation Prospect Application: Furniture Apparel Growth momentum Accessories SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 28
Slide 29: Industrial Prospect
Industrial Prospect Application: Civil Automobile Agriculture engineering Growth momentum Carpet Filter Packing Substrate COMPOSITE STRENGTHENER FILTRATION Higher level Process : STRETCH SPUNMELT Single component → Bicomponent Multi process complex SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 29
Slide 30: Financial Report
Financial Report SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 30
Slide 31: Revenue
Revenue Billion /NTD 3.5 3.2 TW 3.0 2.8 SEA 2.6 2.6 USA 2.5 2.3 CHINA 2.1 2.0 1.8 1.6 26% 24% 1.5 28% 32% 1.0 18% 20% 0.5 28% 24% - 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2023/1~9 2024/1~9 SHINIH ENTERPRISE CO., LTD. Source：SHINIH Finance Department WWW.SHINIH.COM 31
Slide 32: Gross margin, Operating profit margin, Net margin
Gross margin, Operating profit margin, Net margin Billion /NTD 3.50 75% 3.21 65% 3.00 2.85 Net Sales 2.61 2.63 55% 2.50 2.35 45% 2.11 Gross Margin 2.00 34% 35% 1.80 22% 27% 23% 27% 1.60 22% 25% 1.50 21% 24% Operating 20.2% 9.2% 9.4% 15% Profit margin 1.00 4.1% 12.1% 0.8% 1.8% 0.0% 3.8% 5% 8.3% 0.50
Slide 33: EPS & Dividend Policy
EPS & Dividend Policy EPS 5 4.71 4 3 2.12 2 1.49 1 0.69 0.34 0 2019Y 2020Y 2021Y 2022Y 2023Y 2024/1/9 -0.45 -1 2019Y 2020Y 2021Y 2022Y 2023Y 2024/1~9 EPS -0.45 0.69 4.71 2.12 1.49 0.34 Cash - 0.4 1.0 1.05 0.6 - Dividend Stock - - - - - - Dividend Payout 58% 21% 50% 40% Ratio SHINIH ENTERPRISE CO., L
Slide 34: Q&A
Q&A SHINIH ENTERPRISE CO., LTD. SHINIH ENTERPRISE CO., LTD. WWW.SHINIH.COM 34
Slide 35: Thank You!
THANK YOU! SHINIH ENTERPRISE CO., LTD.