Fortune Electric Co., Ltd. · TWSE:1519
Fortune Electric — Investor Presentation (December 2019)
38 slides from Fortune Electric's investor presentation, Dec 16, 2019
Slide 1: Fortune Electric Co., Ltd.
Fortune Electric Co., Ltd. Stock Code :1519 2019/12/16
Slide 2: Safe Harbor Notice
Safe Harbor Notice This Presentation contains certain forward-looking statements that are based on current expectation and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as r
Slide 3: Company Overview
1、 Company Overview Industry Heavy Electric Type Public listed Founded Aug 26th, 1969 Date Listed April 16th, 1997 Chairman Pedro Hsu President/CEO Ted Hsu/Ithen Hsu Taiwan 800 Capital TWD 2.61 Billion Employees Group 950 Equipment: Transformers, Switchgear, PV BOX, Panel, Transformer Smart Monitori
Slide 4: Company Overview - Chung-Li Factory
2. Company Overview(二)—Chung-Li Factory Pole-mount Oil type amorphous Rectifying cast resin Pad-mount transformer metal core distribution transformer transformer transformer 4
Slide 5: Company Overview - Guanyin II Factory
2. Company Overview(三)—Guanyin II Factory In 2011, a 500kV class (1,300kV BIL), 400kV 200MVA power The only domestic manufacturer passed KEMA transformer that suitable for ambient temperature of -50°C 230kV 240MVA short circuit test as of 2012. operation was delivered to a US utility. 5
Slide 6: Company Overview - Guanyin III Factory
2. Company Overview(四)—Guanyin III Factory 24kV GIS 23kV Switchgear 6
Slide 7: Company Overview - Guanyin III Factory
2. Company Overview(四)—Guanyin III Factory Exported Australian PV BOX Matsu Power Plant was completed & energized with an expedited lead time DC Switch gear for Taipei MRT System (DC 750V 6,000A) PV BOX 7
Slide 8: Company Overview - Taichung Factory
2. Company Overview(五)—Taichung Factory 【In April 2019, 100% equity of Fortune Electric Extra High Voltage Co., Ltd. was acquired from the joint venture with Hitachi.】 The only domestic transformer manufacturer with 500kV class capability & the largest power transformer shop in Southeast Asia The la
Slide 9: Company Overview - Wu Han Factory
2. Company Overview(五)—Wu Han Factory 230kV Power Transformer exported to Myanmar Power Company 110kV Power Transformer FR3 Transformer 9
Slide 10: Transmission and Distribution Power System Diagram
3、Transmission and Distribution Power System Diagram 謝謝 儲能 離岸 儲能 風力 陸上 太陽 風力 能電 10
Slide 11: The Most Completed Product Line
4. The Most Completed Product Line 1. Step-up 345k ~ 500V power transformers 1 2.Substation type 161kV power transformers 2 3. Substation type 69kV power transformers 3 4 4.Distribution pole/pad transformers 5 5. Transformers for industrial applications 6. System pre-planning, replacement & specific
Slide 12: FE's Green Power - Products in Offshore Wind Farm
5. FE’s Green Power－ Products in Offshore Wind Farm 3 1 1 1.161kV UHV step-up substations and onshore power system turnkey projects 2 2. Main transformers and switchgears used in wind power applications 3. Step-up transformers and power modules for wind turbines 12
Slide 13: FE's Green Power - Offshore Wind Power Project
5. FE’s Green Power－Offshore Wind Power Project Offshore wind power systems: planning concepts 離岸風力發電系統：(規劃概念) 風機群組 海上變電站 自設變電站 海氣象 台電變電站 台電變電站 觀測塔 161kV/345kV 33kV HVAC 69/161kV/245kV (66kV) HVDC 13
Slide 14: Offshore Wind-Land Project Performance (1)
6. Offshore Wind-Land Project Performance (一) In 2017, Fortune completed the first phase of Taiwan's first offshore wind power project, Formosa I’s onshore substation. In 2018, the second phase of Formosa I’s 161kV substation and onshore system were awarded to Fortune. 14
Slide 15: Offshore Wind-Land Project Performance (2)
6. Offshore Wind-Land Project Performance (二) In June 2019, the second phase of Formosa I’s 161kV substation and onshore system were completed and integrated into the grid. In November 2019, Taiwan's first commercial-scale offshore wind farm, Formosa I started its commercial operation. 15
Slide 16: Offshore Wind-Land Project Performance (3)
6. Offshore Wind-Land Project Performance (三) 1. In March 2019, President Hsu attended the Contract Signing Ceremony for Formosa II’s 161kV substation and onshore system. 2. In June 2019, Chairman Hsu attended the Stamp Duty Signing Ceremony for Formosa II. 3. The Groundbreaking Ceremony of Formosa
Slide 17: Electrical equipment in wind turbine towers (1)
6. Offshore wind power— electrical equipment in wind turbine towers(一) In 2019, Fortune received an order of 21 Hitachi turbine packages from phase 1 of Taiwan Power’s offshore wind power project. The package includes the transformers, power modules and other equipment. The delivery is expected in 2
Slide 18: Electrical equipment in wind turbine towers (2)
6. Offshore wind power— electrical equipment in wind turbine towers(二) 18
Slide 19: Ground-mounted solar project (1) - PV BOX
7. Ground-mounted solar project(一)—PV BOX Fortune’s PV BOX was listed as 1 of 70 businesses to watch in Shiga, Kyoto Fortune’s PV Box in operation in Japan in 2016. 19
Slide 20: Ground-mounted solar project (2)
7. Ground-mounted solar project(二) In October 2018, Taiwan Power’s Changbin 100MWp solar project was completed. In 2019, Fortune received orders for Taiwan’s largest solar project 150MWp in Tainan Yantian. 20
Slide 21: Floating type solar projects
8. Floating type solar projects In 2018 to 2019, several floating type solar projects were completed. 21
Slide 22: Export market leader (1)
9. Export market leader(一) Continue key customers cultivation, localization & renewable energy development 22
Slide 23: Export market leader (2)
9. Export market leader(二) 345kV/118kV 448MVA 262kV 65MVA Transformer Low Noise Transformer to America to Japan 400kV/115kV 200MVA Transformer to PV BOX for solar power (amorphous America(ambient temperature - 50 ℃) transformer) to Japan 23
Slide 24: Export market leader (3)
9. Export market leader(三) 220kV 260MVA 230kV/145MVA Power Transformer to Pakistan PV BOX to Australia Power Transformer to Australia 230kV 75MVA 220kV 210MVA 11 Units 161kV 141MVA Power Transformer to Canadian Power Transformer to Peru Power Transformer to Africa Ghana 24
Slide 25: Export market leader (4)
9. Export market leader(四) Manufactured and delivered multiple Inland heavy hauling power transformers to US utilities. Ultra-Low Noise 132kV 45MVA Power Extra heavy barge operation at Datan Wharf Transformer to Australia 25
Slide 26: Ensure the Existing Markets, Grasp the Opportunities of Green Energy
10. Ensure the Existing Markets, Grasp the Opportunities of Green Energy Domestic Market：Increase Market Share by Focusing on 10-1. Mass Production & Power Plant Projects. Exporting Markets：Improve Margins by Key 10-2. Customers Cultivations & Localizations. Renewable Energy：Capitalize Opportunities
Slide 27: Percentage of products for 2018
11. Percentage of products for 2018 Others: including transformer installation / maintenance works, sale of materials / spare parts, etc. 27
Slide 28: Percentage of products for 2019
11. Percentage of products for 2019 Others: including transformer installation / maintenance works, sale of materials / spare parts, etc. 28
Slide 29: Percentage of Domestic and Exporting
12. Percentage of Domestic and Exporting 29
Slide 30: Revenue Grew Steadily
13. Revenue Grew Steadily Revenue and Profit for 2014~2018 Revenue Gross profit 58.70 59.97 57.15 57.26 55.71 51.23 50.96 9.79 10.21 10.17 7.39 6.24 2014 2015 2016 2017 2018 2019/1~11 Revenue EPS for 2014~2019/Q3 1.00 0.96 0.86 0.83 0.36 0.23 2014 2015 2016 2017 2018 2019/Q3 30
Slide 31: Consolidated Financial Simple Highlights
14. Consolidated Financial Simple Highlights Fortune Electric Co., Ltd. and Subsidiaries Consolidated Financial Simple Highlights Unit：NTD in Thousands 2019Q3 2018Q3 Item Amount % Amount % Property, plant and equipment 2,067,359 22% 1,335,239 19% TOTAL Assets 9,278,907 100% 7,085,483 100% Interest-b
Slide 32: Electrical/Power control/MRT power system Construction
15. Electrical/Power control /MRT power system Construction Electrical and Mechanical Construction(Public/Private) Construction in Process Administration Building and Parking Lot Construction project of Yangmei District Office, Taoyuan City Green Power and Electric Power Control Construction in Proc
Slide 33: FE's Design Goods & Innovation
16. FE’s Design Goods & Innovation 2019 Taiwan Innotec Distribution Self Has the Invention patents Expo Dehydrating Breather & at Taiwan(2019) Bronze Medal Award Smart Cooling System Won a. Air-drying system for Bronze Medal Award the 2019 Taiwan Excellence transformer and control Award method of ai
Slide 34: 2019 New development Smart Transformer
17. 2019 New development Smart Transformer 18. 2019年新開發智慧變壓器相關技術 Intellectual TR Big data analysis Cloud & Big data Accident prevention Mobile remoting Smart maintenance Life diagnosis Smart Mobile remote monitoring maintenance Big data analysis SIOT Life Accident prevention diagnosis Te
Slide 35: Establish basis of charging operation and smart energy storage construction in 2019
18. Establish basis of charging operation and smart energy storage construction in 2019 35
Slide 36: Establish EV charging service network in 2020
19. Establish EV charging service network in 2020 36
Slide 37: Fortune Smart Factories
20. Fortune Smart Factories 37
Slide 38: Thank You for Your Attention!
FS 4% TR Thank You for Your Attention! PART TK a) BO! © Fortune Electric since 1969. 38
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