National Aerospace Fasteners Corporation · TWSE:3004
National Aerospace Fasteners — 2H 2025 Earnings Presentation
38 slides from National Aerospace Fasteners's earnings presentation, Dec 29, 2025
Slide 1: NAFCO Investor Conference 2025.12.29
NAFCO INVESTOR CONFERENCE 2025.12.29 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 Business Introduction and Finance Performance President Alvin Lin 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： Corporate Headquarters: Taoyuan, Taiwan Land 45,000 m² / Floor space ：46,700 m² Production Facilities: Taoyuan, Taiwan ·Kunshan, China · China Negeri Sembilan, Malaysia COMPANY PROFILE Taiwan FOUNDED : OCTOBER 14, 1997 Kunshan, China: Floor space 15,400 m² IPO : 200
Slide 6: Certified Supplier to the Four Major Aerospace Engine Manufacturers
NAFCO : Certified Supplier to the Four Major Aerospace Engine Manufacturers 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
Slide 7: NAFCO's Products Are Widely Used in Major Aircraft Engines
NAFCO’s Products Are Widely Used in Major Aircraft Engines 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 : B77
Slide 8: NAFCO Products
Aviation product Application NAFCO PRODUCTS 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 8
Slide 9: Strategic Partners
Strategic Partners 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 9
Slide 10: Revenue Trend and Sales by Product
2019 ~ 2025YTD(Jan~Nov) Revenue Trend INDUSTRIAL FASTENERS 10% AEROSPACE MACHINING PARTS Aerospace 31% Fasteners… million $NT 2025 YTD (Jan~Nov) Sales by product Unit : million NT$ Product Amount % Aerospace Fasteners 2,152 59% AEROSPACE MACHINING PARTS 1,126 31% INDUSTRIAL FASTENERS 372 10% Total 3
Slide 11: Business Development: Strong Demand from MRO Market
BUSINESS DEVELOPMENT Strong Demand from the MRO Market and Customer Programs 1600 1441 1400 1200 NUMBER OF NEW PRODUCT 1000 INTRODUCTION 852 800 600 400 200 0 2019 2020 2021 2022 2023 2024 2025 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: Aerospace Product Portfolio, Technology Deepening, and Cross-Process Integration
Aerospace Product Portfolio, Technology Deepening, and Cross-Process Integration Integrated Technology, Core Capability Enhancement & Diversified Expansion Niche Leadership Aviation Hardware Components Diversified Growth Intelligent Strategy Manufacturing & Automation Modular Fastening Systems Simul
Slide 14: Automotive Product Development Focus
Automotive Product Development Focus – Customization & Special Functions Leveraging existing automotive rivet nut design and manufacturing capabilities to expand into the aerospace blind rivet segment. Applying bolt and rivet nut technologies to rivet products Continuous research and development ⚫ I
Slide 15: Global Aerospace Market Trends
Global Aerospace Market Trends 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 15
Slide 16: Global airline operations have fully recovered
Global airline operations have fully recovered, surpassing 2019 levels Domestic recovery RPKs International recovery RPKs Africa Latin America Europe Asia-Pacific Middle East North America Global Source : IATA 豐 達 科 技 股 份 有 限 公 司 April 2025 Vs April 2019 National Aerospace Fasteners Corporation
Slide 17: Emerging markets transforming global aviation landscape
The growth of emerging markets is transforming the global aviation landscape Aerospace OEMs are focusing on Asia-Pacific and the Middle East, leveraging localization and partnerships to capture growth opportunities Global Capacity (in Tr ASK) Top 20 Air Traffic Markets by 2044 (CAGR) Domestic China
Slide 18: Aircraft Manufacturing Order Market Overview
Aircraft Manufacturing Order Market Overview 1. Boeing and Airbus currently hold a combined order backlog of 15,229 aircraft. 60,000 2. In 2018, the combined annual deliveries of Boeing and Airbus totaled 1,606 aircraft. 50,000 At the current delivery pace, it would take approximately nine years to
Slide 19: Aircraft Production Plan
Aircraft Production Plan Airbus plans to ramp up monthly production to 60 aircraft in 2025, with a further increase to 75 aircraft per month by 2027. Boeing plans to increase monthly production to 38 aircraft in 2025, ramping up to 48 aircraft per month in 2026, and reaching 52 aircraft per month by
Slide 20: Aircraft Engines Enter a Transformation Phase
Aircraft Engines Enter a Transformation Phase, Accelerating Market Growth 2025 Market Share % GE Aviation 32 Rolls-Royce 18 Pratt & Whitney 16 86% CFM 20 SAFRAN Aircraft Engines 4 MTU Aero Engines 3 Honeywell Aerospace 3 International Aero Engines 2 Kawasaki 1 United Engine Corporation 1 0 5 10 15 2
Slide 21: Top 10 Global Aircraft Engine Manufacturers
Aircraft Engines Enter a Transformation Phase, Accelerating Global Market Growth Top 10 Global Aircraft Engine Manufacturers Country Advanced Engine Manufacturers with Broad Aviation Portfolios and Strong Commercial GE Aviation Strength Rolls-Royce Widebody Engine Focus with Global Service Support P
Slide 22: NAFCO: Strategic Core Supplier of Next-Generation Engines
NAFCO : Strategic Core Supplier of Next-Generation Engines ⚫ High-Pressure Compressor (HPC) ⚫ Combustion Chamber ⚫ High-Pressure Turbine (HPT) ⚫ Fan Module ⚫ Low-Pressure Turbine (LPT) Over the next decade, global airlines will ⚫ 二十年內，全球窄體客機主要採用 primarily adopt LEAP or GTF engines, Accessory Gearbox
Slide 23: LEAP and GTF Deliveries Expected to Increase in 2025
LEAP and GTF Deliveries Expected to Increase in 2025 LEAP Deliveries Safran 3,000 OCT forecast 1,618 – 1,688 2,500 2,500 15~20% > 2024 GTF Deliveries PW OCT 2,000 Estimated 1,600 1,570 1,076 ~ 1,096 1,500 1,407 1,136 1,240 1100 1200 996 1,000 1000 850 780 743 800 600 500 400 200 0 0 2022 2023 2024 2
Slide 24: Demand–Delivery Gap
LEAP Demand Far Exceeds Annual Capacity 交付量 缺口 3,500 14,000 3,000 12,000 Demand–Delivery Gap 8,000 2,500 2,500 10,000 Deliveries 2,000 8,000 1,600 1,500 6,000 1,000 4,000 500 2,000 0 0 2022 2023 2024 2025 2028 Source : FlightGlobal , Reuters, Leeham News 備 註 The Note: ： 摩new洛哥 新 廠 助facility Morocco
Slide 25: Aircraft Maintenance Market Demand Continues to Expand
Aircraft Maintenance Market Demand Continues to Expand Aerospace hardware components, including fasteners, are experiencing strong demand in the MRO market, particularly amid post-pandemic engine reactivations and delays in new engine deliveries 5000 窄 體 客 4000 New-Generation Engines： 機 LEAP, GTF (
Slide 26: 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 27: Malaysia Investment Plan
Malaysia Investment Plan MY NAFCO PRECISION SDN.BHD. 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 27
Slide 28: MY NAFCO Precision Investment Plan
MY NAFCO PRECISION SDN.BHD. Investment Plan Internationalization and regionalization strategy: shifting manufacturing closer to end markets and upstream customer clusters Machining capabilities to be established in phases at the Malaysia plant. 馬來西亞航太產業環境 Malaysia Aerospace Industry Environment ••Ma
Slide 29: Operational Timeline
MY NAFCO PRECISION SDN.BHD. M1 Operational Timeline • Business License Obtained (October) •• 10月取得營業執照 Human Resources Recruitment and • 位置確認 • 人力資源招募及培訓 2025/4/15 •Site Confirmation 6月取得生產許可證 •Obtain Manufacturing Training •Contract • 合約簽訂 Execution License •• 設備安裝和設定 Equipment Installation • Offic
Slide 30: MYN Total land area of 35,708 m²
M1 MYN Total land area of 35,708 m² Enabling capacity expansion to support customer demand, market growth, and multi-site risk diversification M4 Existing M1 Facility M1 M2 M2 Sendayan Tech Valley M3 M3 項目 M1 M2 M3 M4 Total (Estimated) Land m2 19,282 8,094 8,332 35,708 M2 New Facility Investment, sc
Slide 31: MY NAFCO Precision Investment Plan Phases
MY NAFCO PRECISION SDN.BHD. Investment Plan Phase I Phase II Initiate a land expansion Invest 5 MUSD Invest 7 MUSD plan to support future business scale growth 2024 2025 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Nov M4 M1 M2 M2 M1 M3 2027 Sendayan Te c h Va l l e y M1 M2 New Facility M1 Existing Plant Phase III M1
Slide 32: MYN M3 Layout
MYN M3 Layout A + C:緊固件生產區 A+C: Fastener Production Area B B: Forging Area M4 B: 鍛造成形區 D: Precision Machining Area M1 C D: 精密機加區 M2 A Expected to obtain factory occupancy permit in Q2 2026, with production 預計2026 Q2取得廠房使用執照， 3min D equipment installation commencing Q4生產設備進駐 in Q4 2026. M3 豐 達 科 技 股
Slide 33: Finance Performance
FINANCE PERFORMANCE 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 33
Slide 34: Sales Revenue Net Income and EPS
Sales Revenue Net Income and EPS 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 34
Slide 35: Consolidated Assets and Liabilities
Consolidated Assets and Liabilities The cash capital increase was completed in December 2025, and financial ratios are expected to improve significantly. 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 35
Slide 36: Equity and Equity per share
Equity and Equity per share 豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation 36
Slide 37: Dividend Payout Ratio (Last Five Years)
Dividend Payout Ratio (Last Five Years) 2020 2021 2022 2023 2024 Sales 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 Dividend(Cash：NTD) 0.5 - 1.02 2.5 3.01 Dividend rate % 44% - 36% 43% 44% 豐 達 科 技 股 份 有
Slide 38: National Aerospace Fasteners Corporation
豐 達 科 技 股 份 有 限 公 司 National Aerospace Fasteners Corporation
National Aerospace Fasteners — 2H 2025 Earnings Presentation on 6ix