Eternal Materials Co., Ltd. · TWSE:1717
Eternal Materials — Investor conference hosted by President Securities Corp. (April 2021)
38 slides from Eternal Materials's conference presentation, Apr 9, 2021
Slide 1: Eternal Materials
ETERNAL MATERIALS
Slide 2: Dry Film Photoresist Applications and Opportunities
Dry Film Photoresist Applications and Opportunities Speaker：Director, Johnny Liao 2021/4/9 Eternal Materials 2
Slide 3: Outline
Outline Profile Overview、Development Milestones、Core Technology 、Business Group 、Global Production Sites、Global Service Network、 R&D Sites 、Annual Sales Distribution 、R&D Honor Financial Information Introduction of the Photoresist Materials Business Division Dry Film Photoresist Applications
Slide 4: Profile - Overview
Profile - Overview •Core Business： Manufacturing, processing and sales •Founding： in 1964, Headquarters in Kaohsiung, Taiwan •Year of Listed on Taiwan Stock Exchange：1994 •Chairman： Allen K. L. Kao •Number of Employees： 4,859 1 •Number of Production Sites：23 (3 in Taiwan, 13 in Mainland China, 1 in
Slide 5: Profile-Development Milestones
Profile-Development Milestones 1964 1985 1989 2000 2004 2008 2016+ Eternal Materials 5
Slide 6: Profile-Core Technology
Profile-Core Technology Resin New Materials PCB Environment LCD UV IC Eternal Materials 6
Slide 7: Profile-Business Group
Profile-Business Group • Synthetic Resins Division • Photoresist Materials Division • Synthetic Resins Production Division • Precision Coating Division • Unsaturated Polyester Resins Division • Laminate Materials Production Alkyd Resin、Solvent-Based Acrylic Coating Dry Film Photoresist、Dry Film Sold
Slide 8: Profile-Global Production Sites
Profile-Global Production Sites Global Production Sites :23 Northeast Japan (3) •Taiwan ： 3 China (1) •China ： 13 North • Yingkou • Ogaki •Thailand ： 1 China (1) • Kodama •USA ： 1 • Aichi •Japan ： 3 • Tianjin •Malaysia ： 1 •Italy ：1 Southwest Italy (1) China (2) • Milan • Chengdu East USA (1) • Chon
Slide 9: Profile-Global Service Network
Profile-Global Service Network Northeast Japan (3) Global Service Network : 36 China (1) • Yokohama (2) ◆ Taiwan :5 ◆ China : 19 • Yingkou • Aichi(1) ◆ USA :1 ◆ Japan :3 North ◆ Thailand : 2 ◆ Korea :1 China (2) ◆ Indonesia : 1 ◆ India :1 • Tianijn Central Korea (1) ◆ Vietnam : 1 ◆ Malaysia : 1 Chin
Slide 10: Profile-R&D Sites
Profile-R&D Sites 1.Taiwan－Research & Development Center 2.China－ Mainland China R&D Center 3.China－Beijing laboratory 4.The laboratory of plant (*8) Beijing Tianijn Changshu Suzhou Mainland Chain R&D Chengdu Kunshan Center Guangzhou Kaohsiung Zhuhai Research & Development Center Ta-Fa Plant Eternal
Slide 11: Profile-Annual Sales Distribution
Profile-Annual Sales Distribution (In the recent 5 years) Unit : USD million 1,600 1,436 Group 1,365 1,303 1,400 1,262 China 1,199 1,299 1,200 Other 1,000 890 Taiwan 845 189 738 793 800 799 600 357 370 394 400 315 364 339 200 154 146 150 152 146 160 0 2015 2016 2017 2018 2019 2020 Eternal Materials
Slide 12: R&D Honor
R&D Honor 1990 Best performance manufacturer on new product R&D for Specialty Monomer products 1992 Best performance manufacturer on new product R&D for Dry Film products 1993 Outstanding Award for Industrial Technology Advancement granted by MOEA 1995 Excellent Award for Industrial Technology Advan
Slide 13: Financial Information-Balance Sheets & Key Indices
Financial Information-Balance Sheets & Key Indices Unit：NT$ Millions 2020 2019 2018 Amount % Amount % Amount % Cash and cash equivalents 6,170 11 6,076 11 6,327 11 and current financial assets Accounts receivable 17,523 31 15,361 29 14,783 27 Inventories 7,493 13 7,182 13 7,918 15 Financial assets 3
Slide 14: Financial Information-Statements of Comprehensive Income
Financial Information-Statements of Comprehensive Income Unit：NT$ Millions 2020 2019 2018 Operating Revenue Amount % Amount % Amount % Gross profit 38,370 100 40,363 100 43,300 100 Operating expenses 8,886 23 7,857 19 7,280 17 Operating Income (5,747) (15) (5,522) (14) (5,467) (13) Non-operating inc
Slide 15: Financial Information-Cash Flow Statements
Financial Information-Cash Flow Statements Unit：NT$ Millions 2020 2019 2018 Amount Amount Amount Cash and cash equivalents at the beginning of 6,010 6,085 7,984 the year Cash flows from operating activities 4,148 4,946 2,883 Acquisition of property, plant and equipment (1,458) (2,111) (2,479) Increa
Slide 16: Introduction of the Photoresist Materials Division
Introduction of the Photoresist Materials Division Eternal Materials 16
Slide 17: PM Division-Product Category
PM Division-Product Category Eternal Materials 17
Slide 18: PM Division-One-Stop Service
PM Division-One-Stop Service ① 22±2℃, <60%RH ② 5±3℃ ③ -20±2℃ Eternal Materials 18
Slide 19: PM Division-Global Coating Capacity
PM Division-Global Coating Capacity 1 Italy 1 Japan2 USA SZI1+1 GZI5 3 SZII+2 GZII TW Center10 Eternal Materials 19
Slide 20: PM Division-Global PCB Forecast
PM Division-Global PCB Forecast Eternal Materials 20
Slide 21: PM Division-Dry Film Market Share
PM Division-Dry Film Market Share Global Dry Film Market Size Update (2016~2021) Global DRF Market Size ( 2016 ~ 2021 ) 萬 KSF 2016 2017 2018 2019 2020 2021(F) Eternal’s Dry Film Market Share 34% Source : Analysis and update by Eternal Market Report Eternal Materials 21
Slide 22: PM Division-Dry Film Market Share
PM Division-Dry Film Market Share Statistical Period: 2020.Jan ~ 2021.Feb Eternal Materials 22
Slide 23: PM Division-Global Layout
PM Division-Global Layout (Yokohama) Eternal Materials 23
Slide 24: PM Division-Coating Sites
PM Division-Coating Sites Eternal Materials 24
Slide 25: PM Division-Coating Sites
PM Division-Coating Sites Copper Foil Aluminum Foil Eternal Materials 25
Slide 26: PM Division-Slitting Site/Sales Office
PM Division-Slitting Site/Sales Office Northern East China Eastern China Yingkou (Slitting:1 / Sales:1) Suzhou (Slitting:1 / Sales:1) Southern West China China Southern China Slitting:5 Sales:4 Fuling (Slitting:1 / Sales:1) Guangzhou (Slitting:2 / Sales:1) Eternal Materials 26
Slide 27: PM Division-Slitting Site/Sales Office
PM Division-Slitting Site/Sales Office USA : 2 Japan : 2 Japan Italy : 2 Korea : 1 Thailand : 2 Taiwan : 3 Italy Ogaki Yokohama (Slitting:1) (Sales:1) Taiwan USA Milan (Slitting:1 / Sales:1) Korea Ta-Fa Plant Virginia Thailand (Slitting:1 / Sales:1) (Slitting:1 / Sales:1) Gyeonggi-do (Sales:1) Bangk
Slide 28: PM Division-Related Certificates
PM Division-Related Certificates Eternal Materials 28
Slide 29: Dry Film Photoresist Applications and Opportunities
Dry Film Photoresist Applications and Opportunities Eternal Materials 29
Slide 30: PCB/DRF - Industry Chain
PCB/DRF - Industry Chain Glass Cloth / Upstream Fiberglass Copper Foil Dry Film FCCL CCL Chemical Material Midstream PCB Manufacturer Downstream End Product Eternal Materials 30
Slide 31: PCB/DRF - Applications and Opportunities
PCB/DRF - Applications and Opportunities ~2014 iPhone 6/6 + 4+2+4HDI ,L/S=45/45 iPAD1(1+8+1),iPAD2(3+4+3) 2015 iPhone 6S/6S + 4+2+4HDI ,L/S=45/40 , FPC for touch force 14 x FPC 2016 iPhone SE/7 4+2+4HDI ,L/S=45/40 , A10 of TSMC InFO tech. iPhone 8/8 + 19 x FPC , 4 x LCP 2017 4+2+4SLP, L/S=30/30um MS
Slide 32: FPC - Industry Chain
FPC - Industry Chain FCCL PIC/PSPI Coverlay Solder Mask EMI Other (Dry Film /Chemical…) Upstream Materials Midstream FPC Downstream Module Sales Terminal Eternal Materials 32
Slide 33: FPC - Applications and Opportunities
FPC - Applications and Opportunities Unit: KSM FPC Cover-Lay 200000 150000 100000 50000 0 2019 2020 2021 2022 2023 Eternal Materials 33
Slide 34: FPC - Applications and Opportunities
FPC - Applications and Opportunities Simplified Process CVL+LPSM PIC 覆蓋膜+液態油墨 感光型覆蓋膜 CVL Slitting PIC Slitting CVL Model Pre-Treatment CVL Punch PIC Pre-take Pre-Treatment PIC Exposure CVL Pre-take PIC Development CVL Hot-press PIC Post-bake CVL Post-bake LPSM Stencils 1st LPSM Screen 1st LPSM Pre-b
Slide 35: Packaging Substrate - Applications and Opportunities
Packaging Substrate - Applications and Opportunities Source: 2020 Prismark Report and Eternal Market Summary Eternal Materials 35
Slide 36: Packaging Substrate - Applications and Opportunities
Packaging Substrate - Applications and Opportunities FOWLP and FOPLP Lamination of the Mold Sheet Embedded Die Process Build-up Substrate Build-up Substrate Lamination of the Sheet for (FCBGA, FCCSP) (FCBGA, FCCSP) Embedded Process Lamination of Dry-Film Solder Mask Lamination of the Build-up Film E
Slide 37: Photoresist Materials Applications and Opportunities
Photoresist Materials Applications and Opportunities Eternal Materials 37
Slide 38: Q&A Thank you
Q&A Thank you Eternal Materials 38
Eternal Materials — Investor conference hosted by President Securities Corp. (April 2021) on 6ix