Slide 1: Investor Conference
Investor Conference 蛻變•堅持 觸動未來
Slide 2: Agenda
Agenda • Welcome C. M. Yang , Vice Chairman • 2021 H1 financial results Justin Ko , CFO • 2021 H1 market review and 2021 Q4 outlook M. F. Feng , General Manager • Development strategy M. F. Feng , General Manager • Q&A 蛻變•堅持 觸動未來 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice • RECHI’s statements of its current expectations are forward looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Except as required by law, we undertake no obligation t
Slide 4: 2021 H1 financial results
2021 H1 financial results 蛻變•堅持 觸動未來 4
Slide 5: Income statement
Income statement Unit in Thousand NT$ 2021 H1 % 2020 H1 % YOY % Sales volume of 11,100,862 9,118,473 1,982,389 21.74 compressor Sales revenues 12,112,043 100.00 9,479,782 100.00 2,632,261 27.77 Cost of goods sold -10,743,410 -88.70 -8,303,967 -87.60 -2,439,443 -29.38 Gross margin 1,368,633 11.30 1,1
Slide 6: Balance sheet
Balance sheet Unit in Thousand NT$ 2021 H1 % 2020 H1 % YoY % Cash and current financial 2,839,823 9.45 2,041,265 7.71 798,558 39.12 assets Accounts receivable, net 9,634,758 32.07 8,619,083 32.56 1,015,675 11.78 Inventories 2,930,671 9.76 1,846,091 6.97 1,084,580 58.75 Other current assets 5,864,451
Slide 7: Cash flow statement
Cash flow statement Unit in Thousand NT$ 2021 H1 2020 H1 Cash, beginning of year 3,576,943 1,158,126 Net cash provided by operating activities 862,613 1,999,303 Cash flow from investment activities 188,343 -312,820 (Decrease) increase in short-term loans,net -991,236 -558,970 (Decrease) increase in
Slide 8: 2021 H1 market review and 2021 Q4 outlook
2021 H1 market review and 2021 Q4 outlook 蛻變•堅持 觸動未來 8
Slide 9: Multi-Application
Multi-Application Cooling Heating Dehumidifying Drying RECHI has created unlimited possibilities for energy-saving products. We have earned satisfaction and trust from many well-known international home appliance brands. Window A/C Single-Split Type A/C Multi-Split Type A/C Petcool Tumbling-box Pers
Slide 10: The production capacity of 2021 global rotary compressor
The production capacity of 2021 global rotary compressor • Compressor production capacity has gone through a period of shortage, then a period of equilibrium, and then a period of mature market. • Compressor production capacity will continue to expand in 2021. the production capacity of China‘s rota
Slide 11: The market trend of rotary compressor in CHINA
The market trend of rotary compressor in CHINA Unit：10k 24,000.00 21,518.10 22,000.00 20,604.00 20,000.00 21,155.10 19,272.48 18,000.00 16,000.00 15,162.54 14,000.00 13,362.19 12,000.00 10,000.00 2015年 2016年 2017年 2018年 2019年 2020年 Until Jun 30, 2021 ◆ Accumulative Sales Quantity reached to 130 mill
Slide 12: Forecast of RAC/PAC market size in 2021
Forecast of RAC/PAC market size in 2021 RAC: Room Air Conditioners that excluded Portable A/C and Dehumidifier 蛻變•堅持 觸動未來 12
Slide 13: Growth rate of global RAC market in the first half of 2021
Growth rate of global RAC market in the first half of 2021 蛻變•堅持 觸動未來 13
Slide 14: Outlook of 2021 Q4 End market sales (YOY)
Outlook of 2021 Q4 End market sales (YOY) N American Market Europe Market China Market East Asia Market N Africa / Middle East / West Asia Sourth Asia Market Market Latin American Market SE Asia Market 蛻變•堅持 觸動未來 14
Slide 15: Development strategy
Development strategy 蛻變•堅持 觸動未來 15
Slide 16: RECHI Development Strategy
RECHI Development Strategy Pursue Create Opportunities Market for new energy- Demand saving markets THE STRATEGY OF VALUE REVOLUTION New energy- Technology saving Innovation products 蛻變•堅持 觸動未來 16
Slide 17: RECHI Sales: Application ratio
RECHI Sales : Application ratio YOY % P tac A/C 120.0% 2% Others Roof-Top A/C 108.0% Unitary A/C 4% 1% 1% 100.0% Window A/C 5% 80.0% Dehumidifier 6% Split-Type A/C 60.0% Portable 49% 44.8% 43.6% 12% 40.0% Heat Pump Dryer 23.6% 20% 20.0% 5.9% 4.3% 0.0% -20.0% -12.8% -14.3% -40.0% PS: Roof-Top A/C sal
Slide 18: RECHI Sales: Geographic ratio (End market)
RECHI Sales : Geographic ratio (End market) Middle East (including YOY % 60.0% africa/central asia/west asia) 52.8% 5% Sourth Asia 43.5% S American 1% 40.0% 37.3% 5% SE Asia 21.0% 21.2% EUROPE 20.0% 8% 29% Asia % 0.0% EUROPE CHINA N American East Asia SE Asia S American Middle East Sourth Asia (incl
Slide 19: Product highlight and market strategy
Product highlight and market strategy ⚫ Room A/C (Split-type A/C) Mature market → Increasing global market share. ⚫ Heat pump dryer Fast-growing market → Product leadership as a core competitive strategy aims. ⚫ Cabinet A/C (window A/C、dehumidifier、portable A/C) Mature market → Enhancing the competi
Slide 20: Hees EXITS GE Eh SCA RECHI
Hees EXITS GE Eh SCA RECHI
Slide 21: Create unlimited possibilities for the Energy Saving Industry
Create unlimited possibilities for the Energy Saving Industry. Become the top provider of proactive Energy Saving Product. 蛻變•堅持 觸動未來 21