Univacco Technology Inc. · TPEX:3303
Univacco Technology — Q1-Q3 2024 Earnings Presentation
37 slides from Univacco Technology's earnings presentation, Dec 25, 2024
Slide 1: 2024 Univacco Earnings Conference
3303.TWO 2024 UNIVACCO EARNINGS CONFERENCE Dec. 25, 2024 www.univacco.com
Slide 2: Outline
Outline • About Univacco • Operation Review • Sustainability and Corporate Governance • 2025 Outlook 商業簡報網 X Matter Lab
Slide 3: These Well-Known Products
These Well-Known Products All Feature Univacco's Expertise in Embellishment UNIVACCO | 3
Slide 4: UNIVACCO Group
UNIVACCO Group More than 30-year coating & vacuum metallizing expertise. Taiwan Headquarters Established in 1990 and listed in 2007, headquartered in Tainan Global Employees* 627 Manufacturing Sites* 6 (5 in Taiwan, 1 in China) Over 70 countries, Sales Countries/Regions* serving more than 4,000 clie
Slide 5: Group Revenue (2024 Q1-Q3)
Group Revenue (2024 Q1-Q3) Group Revenue NTD 2.277 billion 2024 Q1-Q3 Group Revenue by Product Optical films 202… 5% 2024S 2.277 2023 2.459 2022 2.808 2024S 95% Transfer 2021 2.848 Films 2020 2.368 (VC) 2019 2.502 46% Hot stamping* 54% Cold transfer * Other products included UNIVACCO | 5
Slide 6: Worldwide Network
Worldwide Network With 6 production sites, sales in over 70 countries, and more than 4,000 customers, we ensure global reach and robust service. Europe 32% Łódź, Poland MA, USA CA, USA Wuxi, China Taiwan Americas 38% KL, Malaysia Headquarters Subsidiaries Countries with distributor networks UNIVACCO
Slide 7: Group Revenue by Region
Group Revenue by Region Group Revenue by Region The Proportion of Exports Others Americas Americas Others 91% 35% 38% 10% 9% 2024S 20… Taiwan Taiwan 10% 9% 2023 90% China 2023Y China 2024S 2022 89% 13% 12% Europe Europe 2021 87% 32% 32% 2002 37% UNIVACCO | 7
Slide 8: UNIVACCO represents our core value
UNIVACCO represents our core value A global leading brand of hot stamping and cold transfer products. Unique Chemical Formulas Vacuum Metalizing Coating Technology UNIVACCO | 8
Slide 9: Versatile Applications
Versatile Applications • Greeting cards / Business cards • Magazines / Books / Calendars • Commercial Printing (Poster, Advertisement) • Folding boxes (food & cosmetics etc.) • Pressure sensitive labels • Wet glue labels • Artificial leather (Book cover etc.) • Plastic tubes (toothpaste, face wash e
Slide 10: Product Range
Product Range Transfer Films Optical Films Sales Distribution: 95% Sales Distribution: 5% • Hot stamping • Medical Film • Cold Transfer • OEM Coating Service (Sheet Fed Offset/ Web Fed) • PET Protective Film • Holographic Transfer • Adhesive SMD Cover • Digital Transfer Tape • Function Transfer UNIV
Slide 11: Trusted by Leading Brands
Trusted by Leading Brands Cosmetics and Fragrances Wine and Spirits Food and Drink Commercial Prints Personal Care UNIVACCO | 11
Slide 12: Awards and Honors
Awards and Honors FSEA Gold Award Taiwan Excellence Award Y2024-1 Gold, 2 Silver Medals Y2025-Holographic Cold Transfer Y2023-1 Gold, 1 Silver Medals Y2024-Hot stamping-OF Series Y2022-1 Gold, 1 Bronze Medals Y2022-Hot stamping 705 new series Y2021-1 Silver, 1 Bronze Medals Y2021-Toner transfer The
Slide 13: Excellence in Packaging/Label Design
Excellence in Packaging/Label Design FSEA Gold Leaf Award Awarded for 14 consecutive years As a manufacturer, we also deeply value DESIGN. In 2024, under the Univacco name, we received 1 Gold and 2 Silver. In total, using Univacco films, there were 5 Gold, 5 Silver, and 2 Bronze awards. Hot stamping
Slide 14: Operation Review
Operation Review UNIVACCO | 14
Slide 15: Consolidated Revenues
UNIVACCO Group Consolidated Revenues NTD million VC Revenue OP Revenue 3,000 2,848 2,808 2,426 2,428 2,488 2,502 181 176 2,458 2,368 2,500 2,242 122 153 2,667 2,632 139 2,277 415 159 106 2,366 2,349 2,320 625 242 2,000 2,209 2,171 2,014 2,000 1,801 1,500 1,000 500 0 2015 2016 2017 2018 2019 2020 202
Slide 16: Consolidated Income BTAX
UNIVACCO Group Consolidated Income BTAX NTD million 500 447 400 353 332 300 256 276 236 207 191 200 160 100 23 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024S VC 243 310 156 221** 256 276** 332** 353 236 447** OP (83) (103) (133) (30)* 0 0 0 0 0 0 *Optoelectronic Films Business (OP) BU was offi
Slide 17: VC Business Performance
Transfer Film (Vacuum Coating Foils, VC) VC Business Performance Revenue NTD million Sales Quantity Million m² Gross Profit Margin % 2,667 2,632 522 2,320 471 2,209 2,171 431 375 39% 357 28.9% 28.0% 30.0% 26.0% 2020 2021 2022 2023 2024S 2020 2021 2022 2023 2024S 2020 2021 2022 2023 2024S YoY (6%) 21
Slide 18: VC Business Performance Niche Products - Cold Transfer
Transfer Film (Vacuum Coating Foils, VC) VC Business Performance Niche Products - Cold Transfer Revenue 1,252 1,244 1,266 Sales Quantity 250 NTD million 1,175 Million m² 233 220 1,050 1,057 203 205 182 2019 2020 2021 2022 2023 2024S 2019 2020 2021 2022 2023 2024S YoY 6% 1% 18% (1%) 2% YoY 3% 1% 22%
Slide 19: Consolidated Statement of Comprehensive Income - Annual
Consolidated Statement of Comprehensive Income - Annual NTD thousand 2024S 2023S YoY% Operating revenue 2,276,695 1,807,989 26% Gross profit from operations 888,190 526,783 69% Gross profit margin 39.01% 29.14% Operating expenses (461,929) (376,524) 23% Sales and marketing expenses (158,213) (114,10
Slide 20: Consolidated Statement of Comprehensive Income - Quarterly YoY
Consolidated Statement of Comprehensive Income - Quarterly YoY NTD thousand 2024Q3 2023Q3 YoY Operating revenue 872,865 663,976 31% Gross profit from operations 344,064 215,957 59% Gross profit margin 39.42% 32.52% Operating expenses (176,567) (135,343) 30% Sales and marketing expenses (62,860) (40,
Slide 21: Consolidated Statement of Comprehensive Income - Quarterly QoQ
Consolidated Statement of Comprehensive Income - Quarterly QoQ NTD thousand 2024Q3 2024Q2 QoQ Operating revenue 872,865 758,482 15% Gross profit from operations 344,064 313,849 10% Gross profit margin 39.42% 41.38% Operating expenses (176,567) (148,479) 19% Sales and marketing expenses (62,860) (52,
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet NTD thousand Sep. 30, 2024 Dec. 31, 2023 Sep. 30, 2023 Assets Cash and cash equivalents 513,946 450,694 410,571 Accounts receivable, net 684,966 488,387 527,068 Inventories, net 561,217 444,263 439,802 PPE/ Intangible/ Right-of-use assets 1,329,576 1,363,632 1,394,654 Othe
Slide 23: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow NTD thousand 2024S 2023Y 2023S Net cash flow from operating activities 308,136 440,698 269,382 Net cash (used in) investing activities (65,979) (160,696) (131,325) Net cash (used in) financing activities (196,768) (264,974) (180,029) Impact of Exchange rate 17,863
Slide 24: Dividends Distributed for Consecutive Years
Dividends Distributed for 12 Consecutive Years NTD 3.5 EPS Dividends 2.91 3 2.5 2.2 2.21 2.21 1.85 2 2 1.75 1.53 1.6 1.65 1.61 1.5 1.54 1.4 1.45 1.5 1.2 1 0.6 0.58 0.5 0.5 0.17 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Distribution 97% 78% 81% 294% 73% 75% 91% 90% 69% 79% Yield UNIVACCO |
Slide 25: Sustainability
Sustainability
Slide 26: Silver Medal Ranking in the Top 15%
Univacco Receives Silver Medal from EcoVadis for 2024, Ranking in the Top 15% The Silver Award for 2024 represents companies in the top 15%, with a more stringent selection process compared to previous years' Silver Award criteria, EcoVadis evaluates over 2,000,000 companies from which applied to th
Slide 27: Meet Sustainable Development Goals
Meet Sustainable Development Goals Univacco is committed to the 2030 Agenda for Sustainable Development and actively supports the United Nations' 17 Sustainable Development Goals (SDGs) within its operational model and value chain. • In 2023, the Corporate Sustainability Committee identified 8 SDGs
Slide 28: Release ESG Report since 2013
Release ESG Report since 2013 Released ESG reports annually since 2013 for a consecutive 11 years. UNIVACCO | 28
Slide 29: Producing Sustainably
Producing Sustainably RECYCLABLE COMPOSTABLE SAFE & HAZARD-FREE Substrates decorated with Univacco's film • Substrates decorated with Univacco's ISO 9001:2015 - Quality Management System ISO 45001:2018 - Occupational Health and Safety film are Compostable. Management Systems ISO 50001:2018 - Energy
Slide 30: Environment
E Environment Environment - Green Product Design and Sustainability Eliminate Carbon Emissions A B C Reduce virgin plastic usage Increase recycled plastic usage Closed-loop recycling Using Low-Carbon PET Recycled PET Film Chemical recycling Carriers • 100% recycled PET from 100% Transforming used fi
Slide 31: Social Responsibility Engagement
S Social Responsibility Social Engagement Sponsorship in Sports Sponsorship in Education National U20 Pole Vault Record Holder LIN,TSUNG-HSIEN. Sponsor to North Tainan of Taiwan Fund for Children and Families for 20 years. UNIVACCO | 31
Slide 32: Governance
G Governance Governance Information disclosure Set up a transparency Corporate Sustainability Committee Certified with Report disclosure compliance Information Security with GRI 2021, TCFD, and Establish a Corporate Management System SASB, and type 1 of AA1000 Governance Director to ISO 27001 Assura
Slide 33: 2025 Outlook
ae ee ii | itt if ilu a (UNIVACCO 2025 Outlook
Slide 34: Leveraging North America's Success to Expand into Europe
Leveraging North America's Success to Expand into Europe UNIVACCO EUROPE 120% 24/20 Poland MA, USA CA, USA Wuxi, China Taiwan KL, Malaysia Headquarters Subsidiaries Countries with distributor networks UNIVACCO | 34
Slide 35: 2024 Drupa: Sustainability Day
2024 Drupa: Sustainability Day UNIVACCO | 35
Slide 36: Disclaimer Statement
Disclaimer Statement The presentation and information provided herein (the “Document”) contain forward-looking statements, which are not financial forecasts. These may include, but are not limited to, statements about the Company’s future business activities, events, or developments. The content is
Slide 37: www.univacco.com
Wwww.univacco.com in) £ ) ry) ©
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