Slide 1: Elite Material Co., Ltd.
1 Elite Material Co., Ltd. Global leader of high-end eco-friendly laminates Presentation Oct, 2024
Slide 2: Disclaimer
2 Disclaimer This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources. The actual results of operations, financial condition, and business prosp
Slide 3: Agenda
3 Agenda 3Q24 & 1Q-3Q24 Financial Result P.4 Capacity Update P.9 Industry Overview P.10 Executive Performance P.12 Q&A P.16 Page 3
Slide 4: Financial Highlights-3Q24
4 Financial Highlights-3Q24 • Net consolidated revenue was NT$17.5 billion, representing an 13.0% increase from NT$15.4 billion in 2Q24 and an 47.1% increase from NT$11.8 billion in 3Q23. • Consolidated gross margin was 27.0%, 0.4 percentage points lower than 2Q24 and 3.2 percentage points lower tha
Slide 5: Financial Highlights-1Q-3Q24
5 Financial Highlights-1Q-3Q24 • Net consolidated revenue was NT$45.8 billion, representing an 61.2% increase from NT$28.4 billion in the same period of 2023. • Consolidated gross margin was 27.7%, 0.7 percentage points higher than in the same period of 2023. • Consolidated operating margin was 18.8
Slide 6: 3Q24 P&L Summary
6 3Q24 P&L Summary Unit: NT$ million 3Q24 2Q24 QoQ 3Q23 YoY Revenue 17,463 15,449 13.0% 11,875 47.1% Gross profit 4,715 4,235 11.3% 3,584 31.6% Operating profit 3,167 2,924 8.3% 2,506 26.4% Income before tax 3,174 2,975 6.7% 2,574 23.3% Tax expenses (659) (541) 21.9% (552) 19.5% Net income 2,515 2,4
Slide 7: 1Q-3Q24 P&L Summary
7 1Q-3Q24 P&L Summary Unit: NT$ million 1Q-3Q24 1Q-3Q23 YoY Revenue 45,815 28,414 61.2% Gross profit 12,688 7,681 65.2% Operating profit 8,626 4,895 76.2% Income before tax 8,763 4,891 79.2% Tax expenses (1,838) (1,389) 32.3% Net income 6,925 3,502 97.7% EPS (NT$) - basic 20.14 10.50 91.8% Gross mar
Slide 8: 3Q24 Abstracted Balance Sheet
8 3Q24 Abstracted Balance Sheet Unit:NT$ million 3Q24 2Q24 3Q23 Amount % Amount % Amount % Cash & Equivalent 13,601 19.4% 13,514 19.3% 10,582 15.1% A/R+N/R 23,438 33.4% 20,724 29.5% 15,658 22.3% Inv 8,741 12.5% 7,771 11.1% 5,598 8.0% PPE 19,378 27.6% 18,399 26.2% 17,036 24.3% Total Assets 70,166 100
Slide 9: EMC Manufacturing-Globally Diversified
9 EMC Manufacturing-Globally Diversified 9 Page 9
Slide 10: High-end CCL (HDI & High-Speed/ Frequency)
10 High-end CCL (HDI & High-Speed/ Frequency) • High-end CCL market grows at 26% CAGR (2024-2026) • Overall CCL market grows at 9% CAGR (2024-2026) • EMC expects to outgrow high-end CCL market Overall CCL Market High-end CCL Market Source: Goldman Sachs Global Investment Research, Oct 2024 10 Page 1
Slide 11: EMC Global Ranking In 2023
11 EMC Global Ranking In 2023 • Global No. 1 - mSAP, HDI, Halogen-Free laminate provider. • Global No. 1 – High-Speed Laminate provider. 11 Page 11
Slide 12: Accelerated Sales Growth
12 Accelerated Sales Growth NTD：100 Million 650.0 600.0 2002：1.9 Bn→2023：41.3Bn 550.0 2002 ~ 2023, CAGR=15.8% 500.0 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 2002200320042005200620072008200920102011201220132014201520162017201820192020202120222023 Revenue Page 12
Slide 13: Outstanding Operation Performance
13 Outstanding Operation Performance EPS: NTD 30.0 26.0 22.0 18.0 16.5 16.35 15.24 14.0 10.14 11.33 10.0 8.7 8.74 7.6 6.0 4.30 4.9 5.48 3.73 2.0 1.36 0.53 2.80 2.7 1.52 2.87 1.78 0.49 (2.0) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 -1.04
Slide 14: Stable Cash Dividend and Payout Ratio
14 Stable Cash Dividend and Payout Ratio Page 14
Slide 15: The Corporate Social Responsibility Report
15 The Corporate Social Responsibility Report Page 15 15
Slide 16: Q&A
16 Q&A Page 16