Aces Electronics Co., Ltd. · TWSE:3605
Aces Electronics — ACES Investor Conference 2019
24 slides from Aces Electronics's conference presentation, Nov 22, 2019
Slide 1: ACES Electronics Co., Ltd. Investor Conference
宏致電子股份有限公司 股票代號 3605 ACES Electronics Co., Ltd. Investor Conference Nov 22, 2019 知識 視野‧價值 態度‧ 諾 執行力 1 1 Knowledge·Vision·Value·Attitude·Commitment·Execution
Slide 2: Profile
• ACES Group Established in Nov. 1996. • Over 5,000 employees worldwide Profile • Headquarters: Taiwan Taoyuan • Factories: Taiwan、China (Dongguan、Kunshan、Suzhou)、Philippines、 Vietnam • Overseas Sales Offices: Japan、Singapore、Philippines、Germany、USA • We are focusing on designing/producing/selling h
Slide 3: ACES Group
ACES 集團 ACES GROUP 龍翰 宏致 CPC 志展 廣迎 Sales Channel Stamping Metal Cable Group Connector Group & RF Group Connectors MEC Taiwan ACES Taiwan ACES Kunshan CPC Taiwan KY Taiwan 台北龍翰 台灣宏致(總部) 昆山宏致 台北志展 廣迎 桃園 MEC HT Suzhou ACES PEC Taiwan ACES Dongguan CPC Vietnam KY Dongguan 蘇州瀚騰 台灣精工中心 東莞 宏致 越南 東莞 廣迎 MECH
Slide 4: Plant Overview - ACES
Plant Overview-宏致 ACES MEC ACES CPC 55% Proportion : Taiwan 11% / China 89% KY 總部 精工中心 東莞宏致 昆山宏致 加利 金屬工藝 Precision Headquarters Dongguan Plant Kunshan Plant Galis Plating Engineering Center Marketing R&D Sales Sales R&D Plating Sales Tooling R&D Tooling Molding Tooling Molding Stamping Molding Stamp
Slide 5: Plant Overview - MEC
Plant Overview-龍翰 MEC MEC23% ACES CPC KY Proportion : PHIL 46% / SZ 45% / DG 9% 龍翰科 龍翰菲律賓 蘇州瀚騰 東莞奇翰 MEC IMEX Inc. MEC Electronics SUZHOU Hanteng MEC Homepride (Philippines) Corp. Electronics Tech. Co., Ltd. Tech. Inc. Marketing AC/DC Power Cord, LVDS Cable Dongle Cable, Sales Appliance Cable, Data C
Slide 6: Plant Overview - CPC
Plant Overview- 志展 CPC MEC ACES CPC 12% CPY 志展實業 德國宏高 志展越南 CPC Headquarters CPC Germany Vietnam Plant RF Connector Sales R&D Sales RF Cable RF Connector Logistic Zinc Die Casting RF Cable Aluminum Die Casting Supply Chain Barrel Plating Hanging Plating Lathe / CNC
Slide 7: Plant Overview - KY
Plant Overview-廣迎 KY MEC 龍翰 ACES 宏致 志展 CPC KY 10% 廣迎 工業 東莞廣迎 蘇州廣迎 KY Taiwan KY Dongguan KY SUZHOU Stamping Metal Stamping Metal Stamping Metal CNC RFI Connector
Slide 8: Plant Overview - KY
Plant Overview-廣迎 KY • Established：1991 • HQ : New Taipei City, Taiwan • Capital：USD 9 Million Cloud Consumer • Products/Services： 40% Electronics 60% • Stamping Metal • Connector & Accessory • Electroplating Service • Tooling Parts • Yearly Revenue about USD 30 Million
Slide 9: USB RFI
USB RFI TP-LINK Archer C3150 ASUS-RT- N18U ASUS-RT- TP-LINK Talon AC5300 AD7200
Slide 10: USB RFI
USB RFI EMI interference problem caused seriously on these band segments RFI (Radio Frequency Interference)
Slide 11: Strategic Planning for main market category
Strategic Planning for main market category Industry Cloud Automobile Laptop Computer UPS, Industrial & Computing Transportation Consumer IPC, Medical Communication Electronics Equipment Server
Slide 12: Industry 21%
ICAN Industry 21% Industrial & Industry 4.0 / Consumer IPC / Medical Electronic Cloud Automobil N-NB Cable and Connector for Industrial Equipment Cable and Connector for IPC Cable and Connector for Medical Equipment
Slide 13: Cloud, 8%
ICAN Industry Cloud Computing & Consumer Cloud,8% Electronics Communication and Server Automobile N-NB High Speed Connector and Cable High Power Connector RF connector (Radio Frequency Connector ) and Cable High Speed Cable PCIe 4.0 Assembly Other Connector and Cable
Slide 14: Automobile / Transportation
ICAN Automobile / Consumer Electronics Industry Transportation Cloud Automobile N-NB ,6% Connector & Cable for High Power Connector Reverse Parking Sensor Connector & Cable Assembly Advanced Driver Assistance Systems Electronic Control Module Body Control Module Connector & Cable for Connector Elect
Slide 15: Laptop Computer / Consumer Electronics
ICAN Laptop Computer / Consumer Industry Consumer Electronics, Cloud 34% Automobile Electronics Note Book,31% High technique Connectors & Harness for Note Book and Peripheral products High technique Connectors & Harness for Smart Phone Slimmate IDC Female connector0 Connector & Cable for Smart Home
Slide 16: Strategic Planning for main market category
Strategic Planning for main market category NoteBook& Industry Cloud Automobile Consumer 2018 25% 5% 8% 62% 2019 21% 8% 6% 65% 2020
Slide 17: Financial Results
Financial Results 18¢
Slide 18: Last 5 Years Revenue
Last 5 Years Revenue KY CPC MEC ACES YOY Merger KY in Jul 2019 單位 新台幣億元 8,000,000 Merger CPC 35% in Jul 2017 7,000,000 31% 67.1億 30% Merger MEC 6,000,000 in Oct 2015 56.7億 25% 51.8億 5,000,000 20% 4,000,000 39.7億 19% 15% 3,000,000 10% 2,000,000 9% 9% 1,000,000 5% 0 0% 19 2015 2016 2017 2018 2019
Slide 19: Consolidated Income Statement - 3Q'19
Consolidated Income Statement-3Q’19 NTD Million ACES MEC CPC KY Group Revenue $1,187 $468 $240 $203 $2,058 Margin % 33% 9% 15% 18% 25% SG&A % 22% 12% 15% 19% 19% Operating 11% -3% ~0% -1% 6% Income % 20
Slide 20: Consolidated Income Statement - 2019 YTM
Consolidated Income Statement-2019 YTM NTD Million ACES MEC CPC KY Group Revenue $3,129 $1,336 $690 $591 $5,240 Margin % 29% 8% 15% 18% 22% SG&A % 22% 13% 16% 19% 19% Operating 7% -5% -1% -1% 3% Income % 21
Slide 21: Consolidated Income Statement - Quarter
Consolidated Income Statement-Quarter 22
Slide 22: Consolidated Income Statement
Consolidated Income Statement 24
Slide 23: Last 5 Years Results
Aces Last 5 Years Results Unit: NT$ Thousand (Except Per Share Data) September 30, 2019 2018 2017 2016 2015 (Unaudited) (Audited) (Audited) (Audited) (Audited) Sales Revenue”! 5,240,294 100% 6,710,803 100% 5,665,958 100% 5,184,340 100% 3,967,901 100% Cost of Goods Sold (4,069,542) (7.7%) (6,337,999)
Slide 24: Thank You
Aces Achieve Your Ideas. Thank You.