Chung Hung Steel Corporation · TWSE:2014
Chung Hung Steel — Q1 2024 Earnings Presentation
24 slides from Chung Hung Steel's earnings presentation, Jun 18, 2024
Slide 1: CHUNG HUNG STEEL CORPORATION Q2 Conference
Stock code:2014 CHUNG HUNG STEEL CORPORATION Q2 Conference 2024.06.18 圖片設計來源：
Slide 2: Disclaimer
Disclaimer The information contained in this presentation and its accompanying announcements is based on present condition and information available at the time the statements were made. The presentation is run exclusively for the purpose of providing information and not for the purpose of investm
Slide 3: Agenda
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Evaluation of performance 17
Slide 4: Agenda: Company Profile
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Evaluation of performance 17 1
Slide 5: Company Profile
公司簡介 Date of Chairman of the President Paid-in capital establishment Board NTD 1983.09.29 Kuei-Sung Tseng Min Chu 14,355,444,460 Address Main Main products Mills stockholder Kaohsiung：Hot Rolling 317, Yu Liao Rd., Hot-rolled coil, Mill, Cold Rolling Mill, Steel Chiao Tou China Steel Cold-rolled coil
Slide 6: Agenda: Industry Overview
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Evaluation of performance 17 3
Slide 7: World Economic Growth Forecast
World Economic Growth Forecast • The IMF released the World Economic Outlook in April 2024, predicting that global economic growth will be 3.2% in 2024, which increases by 0.1% from the previous forecast. • In an environment of easing inflation and steady economic growth, central banks around the wo
Slide 8: Manufacturing PMI
Manufacturing PMI • United States：PMI remains in expansion, amid easing inflation and stronger exports. • Europe ： As inflation eases, manufacturing slowly recovers, upcoming rate cuts expected to boost economic momentum. • Japan ： Manufacturing demand rebounds, auto exports surge, PMI returns to ex
Slide 9: Global Crude Steel Production Forecast
Global Crude Steel Production Forecast • According to the WSD May report, global crude steel production is expected to be 1,876 million tons in 2023, and reach 1,901 million tons in 2024, with a year-on-year growth of 1.3%. • The report pointed out that India's domestic demand is solid and governmen
Slide 10: Global Steel Demand Forecast
Global Steel Demand Forecast • According to the World Steel Association's April 2024 report, as the impact of inflation gradually subsides and QE policy expectations remain, the steel industry has been boosted. Global steel demand is expected to grow by 1.7% in 2024, reaching 1,793 million tons. • L
Slide 11: Steel price trend-Hot Rolled (international market)
Steel price trend-Hot Rolled (international market) 2024.Q1-2024.Q2 Steel Price Trend Recap and Outlook (International) • 2024.Q1 ： In the U.S., most local buyers rely on earlier inventory restocking, and destocking at end-user side is slow, steel price trims from high level. • In Europe, although d
Slide 12: Steel price trend-Hot Rolled (international market)
Steel price trend-Hot Rolled (international market) 2024.Q1-2024.Q2 Steel Price Trend Recap and Outlook (International) • 2024.Q2：In the U.S., although steel mills tried to raise prices to stabilize the market, the previous prices were at a relatively high level and demand was tepid, steel prices re
Slide 13: Steel Market Outlook (1/2)
Steel Market Outlook(1/2) • In terms of macroeconomics, due to the strong recent performances of the U.S. and some countries in the emerging market, the IMF forecasts the world economy will continue growing at 3.2% (last forecast was 3.1%), according to the IMF‘s April 2024 World Economic Outlook (W
Slide 14: Steel Market Outlook (2/2)
Steel Market Outlook(2/2) • On the other hand, China's GDP growth of 5.3% in the first quarter exceeded market expectations, and the Caixin China Manufacturing PMI (51.7) for May 2024 reached the highest since July 2022, indicating overall economic improvement. Additionally, the Chinese government i
Slide 15: Agenda: Financial Overview
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Evaluation of performance 17 12
Slide 16: Financial Overview (1/3)
Financial Overview (1/3) Financial Performance 單位：百萬元(M) (In Million of New Taiwan Dollars) 2024 Q1 2023 Q4 QoQ Operating Revenues 9,148 9,105 0.47% Gross Profit 183 185 -1.08% Profit Before Income Tax 60 91 -34.07% Net Profit for the Period 60 88 -31.82% 單位：百萬元(M) Gross Profit Rate 2.00% 2.03% Prof
Slide 17: Financial Overview (2/3)
Financial Overview (2/3) Proportion of Annual Sales Table of Sales by Products 9,000 單位：百萬元(M) 8,000 2024Q1 2023Q4 14
Slide 18: Financial Overview (3/3)
Financial Overview (3/3) Quarterly Sales by Products & Domestic and foreign sales ratio Operating Revenue 15
Slide 19: Financial Performance
Financial Performance Debt Ratio & Net Worth Current Ratio 16
Slide 20: Agenda: Evaluation of performance
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Evaluation of performance 17 17
Slide 21: Credit Rating & Financial Performance
Credit Rating & Financial Performance Rating Agency Short-term Rating Long-term Rating Outlook Credit Rating (2023.09) Taiwan Ratings twA twA-1 Stable Session Grade 10th(2023) 6%~20% Corporate 9th(2022) 6%~20% Governance 8th(2021) 6%~20% Evaluation 7th(2020) 6%~20% 18
Slide 22: Pathways to the Net Zero
Pathways to the Net Zero Driving Heating furnace Heating Heating energy change to heat furnace mixed- furnace savings from accumulating fuel hydrogen switched to utilities type. Increase the low-carbon system. High-efficiency proportion of fuel Image source： Import green once-through g
Slide 23: Sustainability Reports, Q&A, Financial Reports
Sustainability Reports Q&A Financial Reports Annual Report 19 Competence Honesty Service
Slide 24: THANK YOU!
THANK YOU! Competence Honesty Service