National Aerospace Fasteners Corporation · TWSE:3004
National Aerospace Fasteners — NAFCO Investor Conference 2025
36 slides from National Aerospace Fasteners's conference presentation, May 15, 2025
Slide 1: NAFCO Investor Conference 2025.05.15
NAFCO INVESTOR CONFERENCE 2025.05.15 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 1
Slide 2: Disclaimer
DISCLAIMER • THIS PRESENTATION AND RELEASE CONTAIN “FORWARD -LOOKING STATEMENTS” WHICH MAY INCLUDE PROJECTIONS OF FUTURE RESULTS OF OPERATIONS, FINANCIAL CONDITION OR BUSINESS PROSPECTS BASED ON OUR OWN INFORMATION AND OTHER SOURCES. • OUR ACTUAL RESULTS OF OPERATIONS, FINANCIAL CONDITION OR BUSINES
Slide 3: Agenda
Agenda COMPANY & BUSINESS INTRODUCTION FINANCE PERFORMANCE Q&A 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 3
Slide 4: Company & Business Introduction
4 COMPANY & BUSINESS INTRODUCTION 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 4
Slide 5: Production Sites and Company Profile
PRODUCTION SITES Taoyuan, Taiwan : Land 45,000 Kunshan, China: Floor m² / Floor space：46,700 m² space 15,400 m² Kunshan, • China COMPANY PROFILE • Taoyuan, Taiwan FOUNDED : OCTOBER 14, 1997 IPO : 2002 CAPITAL: TWD 557 million • MAJOR SHAREHOLDER: GETAC ( SINCE 2007 ) EMPLOYEES:888人 2024 REVENUE: TWD
Slide 6: A Qualified Supplier Recognized by the Four Leading Aircraft Engine Manufacturers
A Qualified Supplier Recognized by the Four Leading Aircraft Engine Manufacturers 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 6
Slide 7: Customers & Partners
CUSTOMERS & PARTNERS 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 7
Slide 8: Aircraft Engines Equipped with NAFCO Components
Aircraft Engines Equipped with NAFCO Components GE Aerospace 2024 Investor Day March 7, 2024 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Rolls-Royce engine program: PW engine program: - Trent 1000 : B787 Dreamliner ✓ - PW1100 : A320 NEO ✓ - Trent 900 : A380 ✓ - PW1000 family (PW1500G): A220 ✓ - Trent 800 : B777 ✓ - PW800
Slide 9: NAFCO Products
NAFCO PRODUCTS Aviation product Application RANGE OF APPLICATION • AVIATION • SPACE • LAND • MARINE Power Offshore platform generator Marine Space New Energy 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 9
Slide 10: 2019 ~ 2025 Q1 Revenue Trend
2019 ~ 2025 Q1 Revenue Trend Unit : hundred million NT INDUSTRIAL 40 FASTENERS 11% 30 AEROSPACE AEROSPACE FASTENERS MACHINING PARTS 56% 33% 20 9.35 10 8.35 2024 Q1 0 2025 Q1 TOTAL (SALES BY PRODUCT) 2019 2020 2021 2022 2023 2024 2025 Q1 Unit : million NT$ Product Amount % Aerospace Fasteners 521 56%
Slide 11: Business Development
BUSINESS DEVELOPMENT NUMBER OF NEW PRODUCT INTRODUCTION 900 800 700 600 500 400 300 Accumulated to Q3 200 133 100 0 2019 2020 2021 2022 2023 2024 2025 Q1 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 11
Slide 12: Core Development Focus
Core Development Focus Continuously enhancing our leadership in the global supply of aerospace fasteners, hardware, and machined parts ⚫ Expand production capacity and technical expertise, offer a diverse range of products and services, adapt to changing market demands, and ensure customers receive
Slide 13: NAFCO Aviation Parts Development Roadmap
NAFCO AVIATION PARTS DEVELOPMENT ROADMAP Enhancing NAFCO’s competitiveness through product expansion and integration, AI-driven manufacturing, and automation. Simulation Assisted Process Design Digitization, Automation, Knowledge Integration Multi-Component Fasteners Smart and Automated Forming and
Slide 14: Enhancing competitiveness through technological integration
Enhancing competitiveness through technological integration Integrating forging with precision machining enhances operational efficiency , broadens the product portfolio, and establishes a distinct competitive positioning Turbofan Engine Forgings High Precision Aerospace Machining Parts Aircraft Tur
Slide 15: High Performance Aerospace Self-Locking Nuts
High Performance Aerospace Self-Locking Nuts Expanding the product portfolio by leveraging proprietary knowledge and technology to develop high-barrier niche products New Product Series Self-locking Nuts Multi-Component Fastening System Swiss Tornos MultiSwiss 8 Spindles Large flange nut Land & Ma
Slide 16: High Performance Aerospace Bolts
High Performance Aerospace Bolts Expanding the product portfolio by leveraging proprietary knowledge and technology to develop high-barrier niche products Bolt Forming Technology Multi-Component Advancing the production capabilities of superalloy Fastener Development bolts to meet aerospace engine r
Slide 17: The Focus of Automotive Product Development - Customized Products
THE FOCUS OF AUTOMOTIVE PRODUCT DEVELOPMENT - CUSTOMIZED PRODUCTS Quarterly Revenue K NTD 105000 100000 95000 90000 Continuous research and development 85000 2024 Q1 2025 Q1 ⚫ Inserts used in lightweight (new energy) vehicles ⚫ Lightweight/High Strength/High Torque Nut ⚫ Customized components with u
Slide 18: Global Aerospace Market Development Trends
GLOBAL AEROSPACE MARKET DEVELOPMENT TRENDS 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 18
Slide 19: NAFCO's components are delivered to customer factories in Europe and the U.S.
NAFCO's components are delivered to customer factories in Europe and the U.S. The aerospace industry benefits from long-term tariff exemptions, ensuring seamless product imports and exports. U.S. exports to Europe maintain a sixfold trade surplus Customer submits exemption application for specialize
Slide 20: NAFCO's Strategic Approach to Navigating Market Uncertainty
NAFCO's Strategic Approach to Navigating Market Uncertainty Proactively responding to market shifts, mitigating risks from uncertainty, strengthening market positioning, and maintaining flexibility to ensure long-term competitive advantage Raw Material ⚫ Develop wire-draw capability → Optimize mater
Slide 21: The Global Aviation industry will continue to thrive over the next 20 years
The Global Aviation industry will continue to thrive over the next 20 years • Global air traffic is expected to grow 2.4 times by 2043 • Annual growth is expected to be about 8% in the short term, and about 3.6% annual growth thereafter • In February 2025, revenue passenger kilometers (RPK) increase
Slide 22: The annual aircraft deliveries in 2025 are expected to exceed those in 2024
The annual aircraft deliveries in 2025 are expected to exceed those in 2024 Based on first-quarter performance estimates, aircraft deliveries in 2025 are expected to exceed 1,190 units 2024 2025 Already built 2025 2025 OEM Challenges in Achieving Goals Annual Deliveries Q1 Deliveries not yet deliver
Slide 23: The annual delivery volume of LEAP in 2025 is expected to surpass that of 2024
The annual delivery volume of LEAP in 2025 is expected to surpass that of 2024 Estimated annual deliveries exceed 1,600 units LEAP Deliveries 3,000 2,500 2,500 15 - 20% 2,000 1,600 1,570 1,500 1,407 1,136 Q1 845 YoY 1,000 -13% 500 319 0 2021 2022 2023 2024 2025 預測 Q1 2028 目標 Aero News Journal-April
Slide 24: The demand for the aviation maintenance market continues to grow
The demand for the aviation maintenance market continues to grow Strong Demand for Aerospace Hardware (Including Fasteners) in the MRO Market Number of visits for narrow-body aircraft engines 5000 Maintenance New Generation Engine 4000 LEAP, GTF 3000 2000 1000 Legacy Engine 0 CFM56 …etc Backlogged M
Slide 25: The Impact of Halted Orders on The Delivery of Nafco's Aviation Products
The Impact of Halted Orders on The Delivery of Nafco's Aviation Products Currently, the engines for these aircraft are provided by our existing clients, and there is no anticipated major shift in the delivery of aviation parts in the near future • If tariff disputes resolve quickly, aircraft deliver
Slide 26: Investment Plan for Malaysian Factory
INVESTMENT PLAN FOR MALAYSIAN FACTORY MY NAFCO PRECISION SDN.BHD. 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 26
Slide 27: MY NAFCO Precision Sdn.Bhd. Investment Plan
MY NAFCO PRECISION SDN.BHD. Investment Plan Phase 2 Phase 1 investment USD7M Initiating Land Expansion Plan to investment USD5M for equipment. Accommodate Future Business Growth for land Land 4.8 acres 2024 2025 Factory Area：2,699 sq. meters (29,052.04 sq. feet.) 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Office Bui
Slide 28: MY NAFCO Precision Sdn.Bhd. Operational Timeline
MY NAFCO PRECISION SDN.BHD. Operational Timeline • NDT • Chemical Process • Business License Acquisition in October ✓ • Heat Treatment 2025/4/15 • HR Recruitment and Training ✓ • MYN Location Confirmed ✓ • Equipment Installation and Setup ✓ • Contract Signed ✓ • Malaysia's New Facility Officially Op
Slide 29: MY NAFCO production line commissioning status
MY NAFCO production line commissioning status • Business License Acquisition in October ✓ • HR Recruitment and Training ✓ • Equipment Installation and Setup ✓ • MYN Location Confirmed ✓ • Contract Signed ✓ • Production license obtained in June ✓ • Initiate Mass Production of Machined Component 2023
Slide 30: MY NAFCO production line commissioning status
MY NAFCO production line commissioning status （L）CMM under installation 9 machines are in place （R）Projector already in place Cleaning line already setup Aerial view of the MYN facility FPI line under setup • Equipment Installation and Setup ✓ Passivation and Anodize lines are under installation 豐 達
Slide 31: Finance Performance
FINANCE PERFORMANCE 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 31
Slide 32: 營業收入、稅後淨利與每股盈餘
營業收入、稅後淨利與每股盈餘 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 32
Slide 33: 合併資產與負債
合併資產與負債 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 33
Slide 34: Equity and Equity per share
Equity and Equity per share 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 34
Slide 35: Profit and Pay-out Ratio
Profit and Pay-out Ratio Item 2020 2021 2022 2023 2024 Consolidated Revenue(NT$ million) 1,704 1,426 2,193 3,071 3,502 Net profit after tax (NT$ million) 60 (97) 150 308 376 EPS(NTD$) 1.14 (1.84) 2.85 5.77 6.88 Cash Dividend(NTD$) 0.5 - 1.02 2.5 3.01 Pay out rate % 44% - 36% 43% 44% 豐 達 科 技 股 份 有 限
Slide 36: National Aerospace Fasteners Corporation
豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 36
National Aerospace Fasteners — NAFCO Investor Conference 2025 on 6ix