Hsin Kuang Steel Co., Ltd. · TWSE:2031

Hsin Kuang Steel — Investor Presentation (March 2026)

55 slides from Hsin Kuang Steel's investor presentation, Mar 20, 2026

Slide 1: Investor Presentation
2031 TT/TW Investor Presentation 2026.03.20
Slide 2: Disclaimer
2 Disclaimer  This document is provided by Hsin Kuang Steel Co., Ltd. (the "Company"). Except for the figures and information disclosed in the Company's financial statements, the information contained in this document has not been audited or reviewed by accountants or external independent experts.
Slide 3: Agenda
Agenda 1. Operational Results 2. Company Introduction 3. Operating Strategy 4. AI Drives Long- Term Growth 5. Financial Figures 3 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved
Slide 4: Operational Results
4 Operational Results
Slide 5: 2025 Operating results
5 2025 Operating results Operating revenue Gross profit margin Gross profit NT$ 16.8 billion 8.9 % 1.49 billion +15.1% YoY 0.9% YoY +27.5% YoY Realized gross profit Realized gross profit margin Net income attributable to owners of the parent NT$ 0.91 billion 5.4 % NT$ 1.06 billion + 52.8% YoY EPS NT
Slide 6: HKS is the Costco of the steel industry
HKS is the Costco of the steel industry #Retail #Own product #Logistics and warehousing development 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved
Slide 7: Progress and Implementation Status: offshore wind power plant project
5 Dān guǎn 5 Dāntubeguǎn single tubeguǎn Dān single 5 5 single tube single tube Progress and Implementation Status：offshore wind power plant project Owner Plates ;Long-tube verification arrived processing single tube Plate processing single tube 7 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Ri
Slide 8: Progress and Implementation Status: Tung-Hsiao Power Plant 2nd Stage Renewal Project
Progress and Implementation Status：Tung-Hsiao Power Plant 2nd Stage Renewal Project Seawater Intake and Discharge Piping of Circulation Cooling Water System drain pipe Drainage 取排水鋼管運輸作業pipe Drainage pipe hoisting laying drainage 取排水鋼管製造 long Drainage 各項構建安裝工程 pipe processing pipe laying 8 版權所有翻印必究.
Slide 9: Development of modern multi-functional logistics centers
9 Development of modern multi-functional logistics centers Xincheng Logistics Park Number of logistics Number of centers owned logistics centers 3 owned Modern Multifunctional Logistic Center Xinqing Logistics Park Roof Top Annual contribution Create job Total floor area from leasing business opport
Slide 11: Operational Outlook of 2026-2027
Operational Outlook of 2026-2027  With tariff-related uncertainties largely resolved and end-customer demand stabilizing, we take a positive view on operating performance in 2026. • Following the resolution of U.S. reciprocal tariff issues, end-market demand has recovered, supporting inventory rest
Slide 12: The Value of Early-Mover Insight
The Value of Early- Mover Insight Why Steel price Supply bottom out ? • China is reducing capacoty Steel price volatility is driven by a • Iron ore/Coking coal price complex interplay of macroeconomic increase. conditions, policy and regulatory changes, and supply–demand dynamics, with market moveme
Slide 13: Introduction
更改順序與文字 13 4 25 Introduction
Slide 14: Company key facts and revenue structure
Structure of revenue Structure of revenue Established in Employees in group (By business nature) (By business nature) 2% 1965 586 1% 2% 12% 21% Paid-in Capital Sales Quantity per year 8% 38% 51% NTD 3.21 billion 50.8mt 25% 13% 15% 8% Sales Revenue in 2025 Market Value (2026.2.25) 2% Warehousing and
Slide 15: Milestone
15 Milestone 1965-1985 1986-2000 2001-2015 2015 - Future  1965 Establishment of Hsin Kuang  1998 Guanyin Mills obtained ISO  2001 Undertaking the Supply of Steel  2018 Establishment of Apex Steel Co., Ltd. 9001 pot bearing for Taiwan High-Speed Rail”  2019 Establishment of Hsin Hua  1985 Reorg
Slide 16: Group Structure
Apex Wind Power 16 66.14% • Offshore wind power underwater infrastructure • Pressure vessel Group Structure • Hydrogen-power infrastructure Hsin Hua( Note) 100% • Steel bridge engineering & construction • steel pipes for Cooling water intake and discharge for power plants • Steel water pipe 100% Xin
Slide 17: We have factories throughout the province and provide local supplies
17 We have factories throughout the province and provide local supplies, so we have the sensitivity of local industries. 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved
Slide 18: Our Vision
18 Our Vision 『Everyone cooperates together to construct 『Everyone cooperates together to construct a beautiful a sustainable Taiwan with Net-zero carbon new Taiwan』 emission 』 2001 From 2018 Before 2030 2050 Offshore wind 2026-2030 1.5GW every year 2050 40-80GW Renewable Energy Solar 2026-2030 2.0G
Slide 19: Operating Strategy
更改順序與文字 19 4 25 Operating Strategy 19
Slide 20: HKS is like Costco in steel industry
HKS is like Costco in steel industry HKS Costco Supplier Relationships: Long-term partnerships emphasizing Supplier Management: Long-term & strategic partnership. supply stability and consistent quality Economies of Scale: Large-volume procurement, low margin– Economies of Scale: Large-volume procur
Slide 21: Operating Strategy: Enhancing ROE through Margin Resilience Across Economic Cycles
Operating Strategy: Enhancing ROE through Margin Resilience Across Economic Cycles Resilient ROE across economic cycle/long-term growth Sales revenue Investment • Diversified Services • Investing in Strategic • Leasing Business partner • Revenue from Solar power • Investing in solar power plant plan
Slide 22: Diversified Service Scope
22 Diversified Service Scope The Most Comprehensive One-Stop Steel Solutions Provider Steel Project- Metal Logistic Engineering Cutting & + Based Steel Products + s& Contracting Sales Sales Sales Wareho use Leasing Engineering Services Rental Income 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All
Slide 23: Value chain creates competitive advantage
23 Value chain creates competitive advantage Main Purchase Operations Logistics Path Service Activities Strict control of More than 7 More than 35 More than purchasing operating logistics teams 2,000 clients Total solutions process locations in in Taiwan Taiwan Differentiated Margin competitive Infr
Slide 24: Channels and cross-industry customers
24 Channels Metal Hardware Building & Plant Construction Bridge Engineering Home Appliances & IT Industry Steel Mill Automotive & Motorcycle Sheet Metal / Structures Offshore Wind Industry Cross-Industry Steel Solutions Provider Water Resources Industry 2,000+ Cross-Industry Customers Solar PV Indus
Slide 25: Supplier Management
25 Supplier Management  Focus on Taiwan, Japan, and Korea  Long-Term Partnerships  Strategy-Oriented  Approach Stable Supply, Immune to Geopolitical Risks  High-Quality Steel 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved
Slide 28: Diversification results are becoming apparent
Diversification results are becoming apparent $141.0 $171.6 $160.7 $145.9 $168.0 單位：新台幣億元 Unit：NTD 100M 100% 80% 2022-2025 2025 51% 56% (CAGR) (YoY) 58% 64% 68% 60% Business from -4% -13% Sale Steel Business from -8% +80% Project 40% -5% +54% Steel Products 25% 31% 27% Cutting Service -6% -14% 22%
Slide 29: Revenue diversification to combat falling steel prices and business cycles
Gross Profit Margin Operating Profit Margin 線性(Gross Profit Margin) 25.0% 22.1% 20.0% 18.7% 15.0% 9.0% 8.9% 10.0% 8.2% 8.0% 6.9% 5.0% 4.8% 5.3% 5.4% 4.5% 4.1% 0.0% Revenue diversification 2020 2021 2022 2023 2024 2025 to combat falling steel 6,683 12May21 prices and business cycles 3,297 11Mar26 版權所
Slide 30: 2020-2025 ROE
2020-2025 ROE EPS(NT$) Return on Equity (ROE) 線性(Return on Equity (ROE)) 10.00 30.0% 28.1% 9.00 2020-2025 25.0% 8.00 ROE平均 7.00 13.32% 20.0% 6.00 15.6% 5.00 15.0% 11.3% 12.1% 4.00 8.9% 10.0% 3.00 2.00 3.9% 5.0% 1.00 2.60 8.62 1.23 5.14 4.50 3.30 - 0.0% 2020 2021 2022 2023 2024 2025 30 版權所有翻印必究. Copy
Slide 31: 2020-2025 Cash Dividends and Cash Dividend Yields
2020-2025 Cash Dividends and Cash Dividend Yields 5.0 Stable 15.0% dividend 2020-2024 4.0 4.0 ROE平均 distribution 12.0% 14.2% policy 3.0 3.0 9.0% 2.5 2.5 10.2% 2.0 1.9 6.0% 6.0% 6.3% 1.0 4.7% estim 1.0 3.0% 1.9% 2.2% 0.0 0.0% 2020 2021 2022 2023 2024 2025 Cash Dividends Cash Dividend Yields *Cash div
Slide 32: Long-term operating goals
32 Long-term operating goals  Achieving a double-digit compound annual growth rate (CAGR) in revenue • Continue to deepen our presence in existing application areas while capitalizing on the AI wave to actively expand related customers and application markets.  Increasing the proportion of product
Slide 33: AI Drives Long-Term Growth
更改順序與文字 33 4 25 AI Drives Long- Term Growth
Slide 34: Taiwan is an indispensable hub for global AI development
Taiwan is an indispensable hub for global AI development Taiwan holds an unshakable monopoly in the global semiconductor industry and is the foundational base for AI training, HPC, and data center computing. 60%+ 90% $165billion 92% Global Foundry Revenue Advanced Process Chip 2024 Semiconductor Out
Slide 35: AI Driving Infrastructure Demand – Steel Industry Sees New Growth Momentum
AI Driving Infrastructure Demand – Steel Industry Sees New Growth Momentum Semiconductor manufacturing is an extremely energy- and water-intensive industry. As AI demand drives the continuous expansion of wafer fabs, Taiwan's power and water infrastructure is facing severe pressure. 24-Hour Continuo
Slide 36: From Computing Power to Construction Power
36 From Computing Power to Construction Power – AI Driving Infrastructure Demand and Upgrades Offshore wind Farm Solar Power Coal-to-Gas Transition Water Purification Bridges & Industrial Plant Plants Resources Railways Construction Government Private Sector Energy Infrastructure Projects Constructi
Slide 37: Taiwan solar installed capacity and steel demand
The installed capacity of Taiwan solar power The critical milestone of installed capacity • From January to October 2025, newly installed capacity 15.2 30 totaled approximately 902 MWac, representing a 36% decline year-on-year. As of October 2025, cumulative installed capacity reached 15.2 GWac. GW
Slide 38: Green Energy – Solar Power
38 Kaohsiung Wastewater Tainan Outdoor Fish- Treatment Plant 5 M.W. Electricity Symbiosis 85 MW Green Energy – Solar Power Development Stage of Design Stage of Project Project Structure Design Environmental corrosion survey Pingtung Gaoshu Ground- Yunlin Zhuo-Kan Line Ground- Mounted type 32 MW Moun
Slide 40: Green Energy – Offshore wind farm
Green Energy – Offshore wind farm Solid demand 資料來源: 世紀風電上市櫃前發表會, https://mopsov.twse.com.tw/nas/STR/207220260225M001.pdf 40 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved
Slide 42: Total Solution, International Certification
Total Solution Internation Certification Digitalized Qualified by Tier 1 and job owner O u r 鋼板銑邊單管良率 99.9% s e r 鋼材銷售 v i c 預彎長管取得五大認證 e 42 版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved
Slide 43: Demand from Government Investment
Demand from Government Investment 🚄🚄 Transportation 240.5 billion 51.75billion Infrastructure 128.49 billion（53.4%） Central Government Public Infrastructure Spending Forward-looking Infrastructure Program Budget Proposed budget allocation to rise Proposed Budget Allocation for Phase…
Slide 44: Private investment and urban renewal
2 Private investment Urban Renewal: Aging Housing Crisis Catalyzes Taiwan's Next Decade of Construction Waves 1 34.1 years 59% 439 cases 89.8 Billion Proportion of Old Housing Urban Renewal Approvals Cumulative Public Urban Average Housing Age Nationwide in Taipei and New Taipei Renewal Investment 2
Slide 45: Why HKS: Comprehensive One-Stop Steel Solutions Address Customer's Pain Points
Why HKS: Comprehensive One-Stop Steel Solutions Address customer’s Pain Points Design stage Construction Stage Operation Stage Project Life • Desigen • Price • Customize • Project Cycle Suggestion information steel Management • Cost products management • Warehouse • delivery plan & Logistic Address
Slide 46: Comprehensive One-Stop Steel Solutions Provider
Comprehensive One-Stop Steel Solutions Provider 千附精密馬稠後鋼構安裝工程花蓮玉里大橋興建工程屏東潮州機場A1棟鋼構工程花蓮玉里大橋興建工程花蓮玉里大橋興建工程各式金屬製品交貨版權所有翻印必究. Copyright Hsin Kuang Steel Co., Ltd All Rights Reserved 46
Slide 47: Sustainable Development
Sustainable Development Environmental Social Governance Greenhouse Gas Management & Employee-Friendly Workplace & Talent Awards & Recognition Sustainability Initiatives Management  TCSA Taiwan Corporate Sustainability  ISO 14064-1 Certification for Scope 1, 2  Employee Shareholding Trust establis
Slide 48: 社會公益
48 社會公益本公司秉持「取之社會，用之社會」之理念，從社區關懷出發、持續進行人才培育、扶助弱勢族群，付出關心與實際行動。在優秀學子獎勵與扶弱領域深耕，國力的提升靠教育，新光鋼鐵持續在國內大專院校設置菁英獎學金，獎勵優秀學生，捐助各級學校培養五育菁英人才經費。同時也對緊急救護及弱勢族群及遭逢變故的個案主動提供援助，將有限的資源用到最需要幫助的地方，為社會向上提升貢獻己力。以三大工作主軸，實踐個人友善關懷社會之意志。 2024年本公司攜手新光鋼添澄慈善基金會及新北市輝容社福基金會，於社區關懷等公益總支出約計 5,108 萬元。歷年以來，兩家慈善基金會於社區關懷等社會公益總支出
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Slide 50: Financial data
更改順序與文字 50 4 25 Financial data
Slide 54: Consolidated Balance Sheets 2017-2025
CONSOLIDATED BALANCE SHEETS 2017-2025 NT$ million 2017 2018 2019 2020 2021 2022 2023 2025 2025 Total Assets 13,818 17,283 16,088 19,893 25,922 24,439 28,353 29,551 28,718 Cash 810 1,559 1,099 709 964 1,099 954 1,212 1,270 Accounts Receivable and 2,276 2,586 2,457 3,416 4,392 4,738 5,412 4,375 3,438
Slide 55: Attachment
更改順序與文字 4 25 Attachment 55

Hsin Kuang Steel — Investor Presentation (March 2026) on 6ix

Hsin Kuang Steel — Investor Presentation (March 2026)

Slide 1: Investor Presentation

Slide 2: Disclaimer

Slide 3: Agenda

Slide 4: Operational Results

Slide 5: 2025 Operating results

Slide 6: HKS is the Costco of the steel industry

Slide 7: Progress and Implementation Status: offshore wind power plant project

Slide 8: Progress and Implementation Status: Tung-Hsiao Power Plant 2nd Stage Renewal Project

Slide 9: Development of modern multi-functional logistics centers

Slide 10: Logistics and warehousing facility

Slide 11: Operational Outlook of 2026-2027

Slide 12: The Value of Early-Mover Insight

Slide 13: Introduction

Slide 14: Company key facts and revenue structure

Slide 15: Milestone

Slide 16: Group Structure

Slide 17: We have factories throughout the province and provide local supplies

Slide 18: Our Vision

Slide 19: Operating Strategy

Slide 20: HKS is like Costco in steel industry

Slide 21: Operating Strategy: Enhancing ROE through Margin Resilience Across Economic Cycles

Slide 22: Diversified Service Scope

Slide 23: Value chain creates competitive advantage

Slide 24: Channels and cross-industry customers

Slide 25: Supplier Management

Slide 26: A Professional and Diverse Board

Slide 27: Cross-Generational, Forward-Looking Team

Slide 28: Diversification results are becoming apparent

Slide 29: Revenue diversification to combat falling steel prices and business cycles

Slide 30: 2020-2025 ROE

Slide 31: 2020-2025 Cash Dividends and Cash Dividend Yields

Slide 32: Long-term operating goals

Slide 33: AI Drives Long-Term Growth

Slide 34: Taiwan is an indispensable hub for global AI development

Slide 35: AI Driving Infrastructure Demand – Steel Industry Sees New Growth Momentum

Slide 36: From Computing Power to Construction Power

Slide 37: Taiwan solar installed capacity and steel demand

Slide 38: Green Energy – Solar Power

Slide 39: Green Energy – Solar Power

Slide 40: Green Energy – Offshore wind farm

Slide 41: Taiwan has a strong offshore wind farm supply chain

Slide 42: Total Solution, International Certification

Slide 43: Demand from Government Investment

Slide 44: Private investment and urban renewal

Slide 45: Why HKS: Comprehensive One-Stop Steel Solutions Address Customer's Pain Points

Slide 46: Comprehensive One-Stop Steel Solutions Provider

Slide 47: Sustainable Development

Slide 48: 社會公益

Slide 49: 49

Slide 50: Financial data

Slide 51: 2020-2025 Key Figures

Slide 52: 2020-2025 Key Figures

Slide 53: Consolidated Income Statement 2017-2025

Slide 54: Consolidated Balance Sheets 2017-2025

Slide 55: Attachment