Cryomax Cooling System Corp. · TWSE:1587
Cryomax Cooling System — Investor Presentation (July 2020)
24 slides from Cryomax Cooling System's investor presentation, Jul 8, 2020
Slide 1: Investor Conference
Cryomax Cooling System Corp. Investor Conference Stock Code 1587
Slide 2: Disclaimer
Disclaimer • This presentation contains insights into future operations. Opinions of future operations are based on many assumptions. Some of them are likely to be beyond the company’s control such as changes of economy trend. Therefore, forecasts mentioned in the report may have risks and uncertain
Slide 3: Agenda
Agenda I Company Profile Ⅱ Financial Reports Ⅲ Competitive Advantage Ⅳ Future Prospect
Slide 4: I Company Profile
I Company Profile
Slide 5: Company Profile
Company Profile Established on August 22, 1984 Paid-in Capital TWD NT $663,566,180 Company Name Cryomax Cooling System Corporation Employees 590 employees Chairman Andy Liu No.28 Gongqu Rd., Fangyuan Township, Changhua County , Headquarter Taiwan Subsidary China & United States Specializes in manufa
Slide 6: Milestones
Milestones 1984 Formation of Cryomax, start the production for copper radiator 1990 Tooling Center Established Approval from Military, and start supplying for military vehicles including 1994 Hummer 1999 Establishment of complete Aluminum Radiator Manufacturing Establishment of China Facto
Slide 7: Global Operation Site
Global Operation Site Cryomax Nanjing America Office- VA America Office- LA Cryomax DongGuan Cryomax Taiwan (Headquarter) 3
Slide 8: Organization
Organization Cryomax Group Cryomax Taiwan Cryomax DongGuan Cryomax Nanjing Cryomax USA Date of Establishment: Date of Establishment: Date of Establishment: Date of Establishment: 8-22-1984 04-10-2006 05-29-2013 05-15-2006 Headquarter Tooling Center and R&D Department Manufacturing Center Marketing C
Slide 9: Product - Radiators
Product - Radiators PASSENGER CAR RADIATOR: Plastic-Aluminum/copper/aluminum OIL COOLER: plate / Concentric oil cooler/ motor oil cooler TRUCK/HEAVY DUTY/BUS RADIATOR: copper/aluminum INDUSTRIAL RADIATOR: Copper/aluminum, oil/water/gas transmission oil cooler HEATER EXCHANGER INVERTER EXTERNAL OIL C
Slide 10: Production – Mold and Tooling
Production – Mold and Tooling Major Production of Mold and Tooling Injection Mold Stamping Tooling Professional Molding Factory Stamping Tooling Injection Mold 6
Slide 11: Product Application
Product Application (Product) (Application) Projector radiator Large projector Manufacture • Patent under examination in 2020： Original Assembly An invention patents & two Design utility model patent Thermal Cycle 7
Slide 12: Auto Parts Market Breaks Down
Auto Parts Market Breaks Down Main supplier Cryomax Original design and Manufacture (ODM) • DENSO Molds Vehicle • MAHLE & Assembly • VALEO spare Original Equipment Manufacturing (OEM) parts Auto Parts Market Original Equipment Service (OES) Radiator assembly Repair Service Cryomax & CM radiator(self
Slide 13: The aftermarket is not influenced by economic conditions
The aftermarket is not influenced by economic conditions 資料來源：Inkwood Research – GROWING POPULARITY OF PURE ELECTRIC VEHICLES WILL LEAD TO EXPANSION OF THE GLOBAL AUTOMOTIVE HEAT EXCHANGER MARKET 9
Slide 14: Cryomax Market’s Position
Cryomax Market’s Position S u p p l i e r DENSO High Price (OES) Middle Price DENSO/Taiwan (AM) Cryomax Competitors in China Low Price (AM) /Cryomax Nanjing (One stop production) 10
Slide 15: II Operation Overview
II Operation Overview
Slide 16: Financial Results
Financial Results Currency: TWD NT Thousands；% Year 2017 2018 2019 Mar 2020 Item Operating revenue 1,353,380 1,460,985 1,516,467 354,517 Gross profit (loss) 288,272 326,134 342,043 74,425 Gross Margin (%) 21.30% 22.32% 22.56% 20.99% Net operating 31,995 46,475 25,279 3,127 income (loss) Operating 2.
Slide 17: Regional Revenue Ratio
Regional Revenue Ratio 70 60 50 % 40 30 20 10 0 2017 2018 2019 May-20 U.S. Taiwan Europe Asia Other 2017 2018 2019 May 2020 NT$ 000 % NT$ 000 % NT$ 000 % NT$ 000 % U.S. 683,718 51 825,356 56 918,795 61 347,364 61 Taiwan 295,161 22 277,205 19 253,250 17 96,131 17 Europe 116,452 9 109,084 8 74,949 5 1
Slide 18: 2020 Business Growth Trend
2020 Business Growth Trend Currency: TWD NT Thousands 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 -20,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 109,424 81,732 104,698 107,286 129,793 128,613 120,072 130,331 124,475 149,062 150,047 125,452 2019 117,220 84,588
Slide 19: Ⅲ Competitive Advantage
Ⅲ Competitive Advantage
Slide 20: History of Major Automotive Product Development
History of Major Automotive Product Development Challenges and opportunities to high technology Te c h n o l o g y HYBRID IGBT water Product quality is cooling & ELECTRIC Quick highly rated, radiator Charging Moving forward to Model OES Supply Chain HEV Intercooler Develop a wide range of radiators
Slide 21: Cryomax’s Core Competitiveness
Cryomax’s Core Competitiveness Quality、Lead time、 Long-term Cryomax participates in Technical 、 production and Partnership global network of DENSO marketing advantages • One stop production(in house) → Delivery time advantages. • Self-made components and molds →Quality advantages. • Technical backgr
Slide 22: Ⅳ Future Prospect
CRYOMAK W) Future Prospect
Slide 23: Future development goals
Future development goals 1. To expand the production capacity of the Taiwan plant to meet the needs of customer orders. 2. New business development ( condenser, thermal cycle product application). 3. To keep an eye on the international situation and evaluate the production allocation in the third pl
Slide 24: Thank you
Thank you
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