Ww Holding, Inc. · TWSE:8442
Ww — Investor Presentation (September 2024)
25 slides from Ww's investor presentation, September 2024
Slide 1: WW Holding
WW Holding (8442 TT) Sept, 2024 公司簡報
Slide 2: Disclaimer
Disclaimer • The information contained in this confidential document ("Presentation") has been prepared by WW Holding (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. • While the information contained herein has been prepared in goo
Slide 3: Key Points
KEY POINTS 20Y NT$4b 8,300 Production 148 Mfg Number of experience 1H24 Revenue Employees Lines 7 80 8442 Production Global Brand Taiwan Stock Exchange Sites Customers Stock Code 3
Slide 4: Company Overview
公司概況 COMPANY OVERVIEW 4
Slide 5: Milestones
MILESTONES 2021 - Beyond Strengthen 2006-2017 2015 - 2020 1998-2006 Leadership Corporate Sites Founded/ Expansion Adjustment Structuring Improve Efficiency ◼ 2016- Established Wilson ◼ 2006 – Kipling、Tumi、 Diversify Sites Decathlon on Board Leather (Thailand) Co. Expand Client Base ◼ 2008-09 – Under
Slide 6: Holding Structure
HOLDING STRUCTURE WW Holding Wilson Virtue King Wellpower TWT Inc. Virtue King Wellpower WILSON GROUP GLOBAL WORTH International Commerce HOLDINGS LIMITED INVESTMENT Limited Holding Co., Ltd. (SAMOA) HOLDING LTD. Wellpower WILSON GROUP WILSON HOLDINGS GLOBAL VIBRANT Trading Co., Ltd. HOLDINGS LIMITE
Slide 7: Products
PRODUCTS Protective Gears Sports Gloves Sports Accessories Sports bags/Golf bags Nylon Luxury Bags Leather Luxury Bags Luggage & Suitcases 7
Slide 8: Production Sites
PRODUCTION SITES Xingguo, Jianxi Thailand 8,309 Employees 148 Production Lines 2 Business Group Dongguan, Guangdong • Sporting goods • Business bags, luggage • Lines：26 • Lines： 11 • Staff：612 • Staff：1,310 Phnom Penh, Cambodia • Development Center • Luxury bags, sports bags • Lines：24 • Staff：1,836
Slide 9: Expansion in Cambodia
EXPANSION IN CAMBODIA TOTAL AREA Phase One Stage 3 Phase Two Phase One Stage 3 Phase One Stage 1 9
Slide 10: Development Around Wellpower Cambodia Site
DEVELOPMENT AROUND WELLPOWER CAMBODIA SITE CAMBODIA VIETNAM Land p rice i n s urro un di ng area 01-Wellpower 01 B o th s i de s of 3 17B H i g h w a y f r o m $5 to n ow 2 0$- 50 $/ s q . New Site m et er 01-317B Highway Jin-Ba Freew ay 03-Jin-Ba HSR 02 20 23/ 6 be g a n. To co m p l ete by 20 27/
Slide 11: Revenue Contribution by Region
REVENUE CONTRIBUTION BY REGION Thailand Cambodia Migration Vietnam Accelerating Target 3 : 7 1H24 2023 Cambodia 20.50% 16.00% 1H24 2023 Thailand 12.68% 19.00% Vietnam 26.80% 24.00% 40% 41% Total 59.98% 59.00% 11
Slide 12: Major Customers
MAJOR CUSTOMERS LONGCHAMP sta kipling BOSS ARMANI EZ HUGO BOSS
Slide 13: Contribution by Products
CONTRIBUTION BY PRODUCTS 21% SPORTS/GOLF BAGS 13% YOY:1% LUGGAGE/BIZ BAGS YOY: 3.23% 3% SPORTS ACCESSORIES YOY:-19.51% 1H24 25% $ 4,043,428 NYLON BAGS/ACCESS. (YOY: 3.23%) YOY: 20.67% 5% SPORTS GLOVES YOY: -18.37% 10% 23% LEATHER BAGS/ACCESS. PROTECTION GEAR YOY:-8.9% YOY: 25.77% IN NT$1,000 13
Slide 14: Financial Performance
財務表現 ANCIAL FORMANCE 14
Slide 15: 1H24 Financial Results-Margins Growth
1H24 FINANCIAL RESULTS-MARGINS GWTH 22% 10.5% 4.0b Revenue YOY 3.23% 6.38元 GM YOY 10% 9% NET PROFIT YOY 56.7% EPS YOY 46.67% OP. PROFIT YOY 12.5% REC’D HIGH 15
Slide 16: Monthly Revenue
MONTHLY REVENUE 2024 2023 2022 2021 900,000 2024 2023 JAN 717,294 488,235 628,299 436,365 800,000 Feb 500,251 654,583 502,452 331,062 Mar 592,625 575,638 582,559 400,487 700,000 Apr 764,106 717,925 727,512 442,003 600,000 May 762,768 700,798 827,982 478,925 Jun 713,521 781,922 826,501 493,224 500,00
Slide 17: Margins Trend by Quarter
MARGINS TREND BY QUARTER 25.00 23.31 22.99 21.31 21.77 20.90 20.96 20.97 20.00 20.14 17.30 17.70 17.93 16.59 16.53 16.60 15.00 14.98 12.42 11.11 10.75 10.00 9.97 9.03 9 8.87 8.1 9.79 7 7 5.00 4.9 4.2 3.7 1.22 0.00 -0.12 0.17 0.04 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23
Slide 18: Balance Sheet
BALANCE SHEET YoY (%) NT$m 2021 2022 2023 1H2023 1H2024 2022 2023 1H2024 TOTAL ASSET 5,026 6,608 6,170 6,171 6,570 31.5 (6.6) 6.5 CASH 518 1,027 1,191 1,801 1,095 98.3 16 (39.2) ACCOUNTS RECEIVABLES 1,493 2,028 1,769 1,889 2,018 35.8 (12.8) 6.8 INVENTORY 1,048 1,163 920 964 962 11 (20.9) (0.2) FIXED
Slide 19: Income Statement
INCOME STATEMENT YoY (%) NT$m 2021 2022 2023 1H2023 1H2024 2022 2023 1H2024 REVENUE 5,400 8,539 7,921 3,917 4,043 58.1 (7.2) 3.2 OP. COST 4,627 6,752 6,313 3,148 3,158 45.9 (6.5) 0.3 GROSS PROFIT 773 1,786 1,608 769 885 131.0 (10.0) 15.1 OP. EXP (699) (1,094) (931) (466) (522) 56.5 (14.9) 12.0 OP. P
Slide 20: Dividend & Capex
DIVIDEND & CAPEX (NT$m) 2020 2021 2022 2023 NET PROFIT (153) 75 636 617 CASH DIVIDEND - 60 301 352 DILUTED CASH DIVIDEND/SHR(NT$) - 1 5 5.3 CASH DIVIDEND PAYOUT RATIO - 80% 47% 57% CASH DIVIDEND YIELD - 1.7% 6.06% 4.6% CAPEX 65 114 179 188 CAPEX/REVENUE 1.7% 2.11% 2.1% 2.4% 20
Slide 21: Outlook
2024 2024 營運展望 OUTLOOK 2 1
Slide 22: 2024 Outlook
2024 OUTLOOK NEW PRODUCT- 2024奧運年 新客戶開發 NEW IMPLEMENTATION HARDSHELL CUSTOMERS OF AI SUITCASE TECHNOLOGY
Slide 23: New Product - Hardshell Suitcase
2024下半年營運展望 NEW PRODUCT- NEW IMPLEMENTATION 新客戶開發 HARDSHELL CUSTOMERS OF AI SUITCASE TECHNOLOGY
Slide 24: 2H 2024 Outlook
2H 2024 OUTLOOK NEW PRODUCT- NEW 新客戶開發 IMPLEMENTATION HARDSHELL CUSTOMERS OF AI SUITCASE TECHNOLOGY
Slide 25: WW Holding (8442 TT) Thank You
WW HOLDING (8442 TT) THANK YOU! www.ww-holding.com.tw 25