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AEC Investor Presentation 2022
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Allis Electric Co., Ltd. ?Public (explanatory) Meeting
Reporter：James Jan 詹益源
(Diector Finance Div.)
Date：Nov. 24th , 2022
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Disclaimer
This document and any verbal presentation accompanying it includes prediction of financial, market demand and products sales. Any prediction stated in this presentation may vary from the actual operating results and financial conditions due to significant contingencies or other unknown factors that AEC has no way to control. The prediction and ongoing statements has made by AEC are reflecting current conditions. AEC shall not be held liable for updating or modifying this presentation and accompanying information.
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Notes:
Agenda
1、Company Overview ………….. 4.
2、Corporate Philosophy ………….10.
3、Products …….…….11.
4、Market Demand ….....……17.
5、Corporate Strength .....………18.
6、Key Customer Reference ….………19.
7、Research & Development …..………20.
8、Ongoing Market Strategy .…………35.
9、General Operating Status .…………36.
10、Future Market Plan ….………38.
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1、Company Overview
Established on Sep.1968 (54years)
Headquarter : Taipei Nankang Software Park
Listed in TWSE since 1994
TWSE Code：1514
Paid-in Capital : NTD 2 Billion and 397 Million
Number of Employee : 650
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Company Overview
Factories & Products:
Hsinchuang, Taiwan
Switching Power Supply for Telecom Equipment (SMR)
3-Phase Uninterruptible Power Supply Systems
PV Inverter
Batter Charger for Railway & EV Charger for Electric Vehicles
Quad.-Conductor Line Conductor Spacer,/ Twin-Conductor Line Conductor Spacer (Extra high voltage Transmission Line Hardware)
Yangmei, Taiwan
Switchgear(High/Low Voltage, MCC,GIS)
Transformer(Oil-immersed, Cast resin, Amorphous core)
Intelligent Transmission & Distribution Apparatus for Smart Grid
Xizhi, Taiwan (ARES Technology)
Specific Purpose of Uninterruptible Power Supply
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Company Overview
Local Subsidiaries & Affiliates
Nissin-Allis Electric
Allis Communication
ARES Technology
Qingdao Hengyuan Allis
Air King Industrial
Allis Electric (S) PTE.
Tangeng Advanced Vehicles
ChargeSmith
Nissin-Allis Union
Ion Equipment
Li-Min Industrial
Taiwan Marine Electric
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Company Overview
Oversea Subsidiaries / Strategic Partners :
Qingdao Hengyuan Allis (China)
AEC International S.r.l. (Europe)
PHD Powerhouse (South Africa)
ALLIS ELECTRIC (S) PTE. (Singapore)
Impact Power, Inc. (North America)
PT. Sintra (Indonesia and Southeast Asia)
CANTAL ELECTRIC (Singapore and Southeast Asia)
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Company Overview
-Investment (domestic)
| Company | Business Scope | Capital | Shareholding % |
| --- | --- | --- | --- |
| Ares Technology | UPS | 68 million | 100.0% |
| Air King Industrial | Engineering Project | NTD61 million | 83.1% |
| Allis Communications | GPS | NTD60 million | 82.6% |
| Nissin-Allis Union Ion Equipment | Sales and Maintenance of the Ion Implanter and Related Equipment | 100 million | 40.0% |
| Nissin-Allis Electric | GIS | 300 Million | 30.0% |
| Tangeng Advanced Vehicles Co.,Ltd | Electric Bus | NTD68 million | 14.4% |
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Company Overview
-investment (oversea)
| Company | Business Scope | Capital | Shareholding % |
| --- | --- | --- | --- |
| Qingdao Liming Industry (China) | Telecom Equipment Electrical Switching Apparatus | US$3,400 | 65.4% |
| PHD (South Africa) | Sales of UPS | US$670 | 90.0% |
| AEC International (Italy) | Sales of UPS | EUR€600 | 70.0% |
| ALLIS ELECTRIC (S) PTE. (Singapore) | Electrical and Mechanical Engineering | SDG$3,000 | 100% |
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( In Thousands Of US Dollars)
2、corporate PHILOSOPHY
Harmony
AEC is committed to providing quality products and excellent service to satisfy all its customers and pursue harmony between it employees, customer and the society.
Innovation
AEC keeps improving ideas, products, techniques, processes, management and services for continuous growth.
Responsibility
AEC responds to the quality of work, life, and society and share the success with our customers, employees, and society.
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3、Product portfolio
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Product introduction-A.switchgear
High/Low voltage switchgear
Motor control centers(MCC)
SF6 Gas-insulated switchgear(GIS)
High-voltage metal-enclosed
switchgear and control equipment
HV/LV MCC GIS
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Product introduction-B.tRANSFORMER
Cast resin transformer
Amorphous core transformer
Oil-immersed transformer
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Product introduction-C. t&d aPPARATUS
SF6 Pole-mounted load break switch 24kV 630A 12.5kA (I.C.) maximum value
4-way – SF6 Pad-mounted load break switch
Vacuum Switch
2-way - SF6Pad-mounted load break switch
Silicone Polymer Insulator Fuse Cutout
Quad.-Conductor Line Conductor Spacer,
/ Twin-Conductor Line Conductor Spacer
(Extra high voltage Transmission Line Hardware)
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Product introduction
-D.Power electronics product
Switching mode rectifier(SMR)
Uninterruptible power supply(UPS)
EV Charger(Charger for Electric vehicle)
Battery Charger for Railway
Photovoltaic Inverter(PV Inverter)
Energy Storage System
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Product introduction
-E. electrical engineering
Railway Application：Taiwan High Speed Rail、Taiwan railway、MRT 、Light Rail Transit
Green Energy System
UPS commissioning
SCADA & Other electrical engineering
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4、Market demand
Electrical Market Demand
Telecommunication Market Demand
High-tech industries : Semiconductors、 Optoelectronics、Petrochemicals、Steel、Public engineering, etc..
Rail Industrial：
（Taiwan railway、MRT、Taiwan High Speed Rail、Light railway related equipment and engineering）
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5、Corporate strength
Over 50 years of substantial experience which established the professional expertise and solid reputation.
Offering professional＜Customized＞services
Faultless production and system integration capability
Reputation from customer and support
Autonomous technology and research & development capability
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- Key customers reference
Public sectors:
Taiwan Power Company
Taoyuan International Airport
Taiwan High Speed Rail(THSR)
Taiwan Railways Administration(TRA)/MRT
High Technology Industry & Heavy industry:
TSMC, UMC, Micron, Macronix
China Steel Corp.
Chinese Petroleum Corp.
Taiwan Cement Corp.
J&V Energy Technology
Lien Hwa Industrial Holdings Corp.
EVERGREEN Group
Communication:
Chunghwa Telecom
Taiwan Mobile
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- research & development
Turn to sales
Leading by succeed development by Automation of power distribution product series has generated overall NT$1billion orders with following items
Item
Automation of power distribution underground 4-way Pad Mounted Automatic Load Break Switch(2B2S)
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- research & development
Item
Automation of power distribution underground 2-way Pad Mounted Automatic Load Break Switch(2B2S)
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Technology & development
Item
3) Pole-Mounted load break switch GP
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Research & development
Item
4) pad-mounted switch manual 4-way earthed type
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Research & development
Item
5) pad-mounted switch manual 2-way earthed type
Turn to sales
It is potential to export south east Asian markets and has already penetrated
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Research & development
Item
6) Silicone Polymer Insulator Fuse Cutout
Turn to sales
Product Specification：?7.8/15kV 100A IC10kA?15/27kV 100A IC12kA
Replacing Porcelain Insulator Fuse Cutout
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Research & development
Item
7) Quad.-Conductor Line Conductor Spacer,/ Twin-Conductor Line Conductor Spacer (Extra high voltage Transmission Line Hardware)
Turn to sales
Quad.-Conductor Line Conductor Spacer? 340mm2 ZTACIR
Twin-Conductor Line Conductor Spacer 340mm2 ZTACIR? 260mm2 ZTACIR
Purpose for Taipower power grid enhancement.
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research & development
Item
8) PV Inverter
Turn to sales
Our government is pushing the solar power policy with target to implement 20GW by 2025，which will increase of our annual turnover by adding about hundred million NTD and with gradual growing every year.
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research & development
Allis is the leading pioneer in Taiwan railway industry (TRA, High Speed rail, MRT and Light rail) infrastructures in government prospective plan.
Item
9) TRA’s signal control &
monitoring system
Turn to sales
With years’ cooperation with Japanese Nippon Signal Co., Ltd., we get the orders from TRA valued NTD900 million, and have accomplished TRA Southern Loop project.
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research & development
Item
10) O.C.S.cantilever supporting
devices & installion
contruction for rail
Turn to sales
In recent years, orders of more than 3billion NTD have been obtained from TRA & New Taipei City’s MRT, and have our rail system building/ contracting capability well established. (high speed rail,TRA, light rail, etc.)
The projects under the process of construction include TRA& Anken light rail O.C.S. systems.
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research & development
Item
11) Telecom. switching control
room/communication base
station DC high frequency
power source switch
Turn to sales
Promoting aggressively to 5G/6G markets.
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research & development
Turn to sales
The government has announced its target of full-scale electrification on urban buses by 2030, which creates a demand of fifteen thousand of electrified buses.
AEC has cooperated /jointed venture with Tangeng Advanced Vehicles Co., Ltd., and established in Taoyuan, Taichung, Tainan, Chinmen,etc. Per Tangeng’s estimation, the demand of electrified buses in the coming 10 years will be greatly increased, which will also drive up the demand of charging and energy saving facilities.
Item
12) Charging devices for
electrified bus
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research & development
Turn to sales
The government strives to fully electrified passenger cars by 2040, and the Ministry of Transportation has planed to install 6,500 charging stations across Taiwan by 2025.
AEC has independently developed and launched a 160KW DC fast-charging charging station that meets the charging needs of electric vehicles. At the same time, also acts as an agent for the well-known Spanish brand Wall Box AC charging device to meet the various charging needs of fast-flying electric vehicle charging piles.
Item
13) EV Charging Station for
Electric Vehicle
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research & development
Turn to sales
AEC is the sole manufacturer in Taiwan has successfully developed in response to the vast demand for replacement and renewal of rail vehicle coupling carriages. It has provided delivery of nearly 2,000 units for Taiwan Railway, MRT, and Shanghai Intercity Trains.
Item
14) Battery Charger for
Railway Vehicle
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research & development
15) Smart Grid：Feeder Automation、SCADA System
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8、ongoing market strategy
-Sustainable growth development plan
Cooperate with the government's 500 billion power grid enhancement plan
Intelligentize、Energy Saving
Integrating SCADA with electrical product
Continuing to increase technology and adding value to meet global intelligent trend
HV Product /
Transmission & Distribution
Apparatus
PV Inverter & System
Substation for Off-shore Wind system
Energy Storage System
Following Government policy on investing green
Renewable
Railway Signal、Station equipment
OCS
Railway Vehicle / Charging equip for Electrical Vehicle
Following Government policy on investing railway vehicle infrastructure
Railway Industry
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9、general operational status?-consolidated revenue movement for past 5 years
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Thousands in NTD$
General operational status
-Net income
[unsupported chart]
EPS 1.09 1.44 1.51 1.60 1.70
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Thousands in NTD$
10、future market plan
-market opportunity
Taipower NTD$500 billion power grid enhancement plan：
After the March 30 power outage, Taipower has proposed a power grid enhancement plan again, with an estimated investment of more than NT$500 billion. This plan has huge demands for substations, transmission and distribution lines, cable renewal and undergroundization. The company will do its best to strive for business opportunities in related fields.
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10、future market plan
-market opportunity (conti.)
Business opportunity in Railway infrastructure：
In order to boost the domestic economy and improve electrification of the round-the-island railway, the Executive Yuan plans to invest in the Taiwan Railway for NTD$200 billion over ten years. The company's charging equipment for rail vehicles and OCS, CTC and signal control also to be “newly implemented” or "massive replacement" In the light rail sector, the company will continue to strengthen the market development of light rail for OCS and rectifier transformers, AC and DC switchboards and other products.
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10、future market plan
-market opportunity(conti.)
Business opportunity in semi-conductor factory：
In recent years, it has had excellent performances in semiconductor factories such as Hsinshu Science Park, Tainan Science-based Industrial Park and China. At present, well-known semiconductor manufacturers in China still have plans to expand their factories. It is expected that the following cases will still be able to be worked under the company's efforts. Outstanding performance.
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10、future market plan
-market opportunity(conti.)
PV INVERTER：
In line with the government policy, new products with a capacity of 30~70kW or more have been developed successively, and domestic and foreign customers have been arranged, and there are also great demands in emerging developing countries. The company has established the Green Energy Division, which combines production, sales and research, and has achieved significant growth of revenue.
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10、future market plan
-market opportunity(conti.)
Switch Mode Rectifier (SMR)：
High-efficiency new models have been completed, which has met the needs of telecom operators 5G and future 6G communication power systems.
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10、future market plan
-market opportunity(conti.)
Charging equip for E-Bus：
In the next 10 years, there will be about 15,000 electric buses inside Taiwan. With the cooperation of Tangeng Advance Vehicle Co., Ltd, the company has started to build DC charging piles on the outlying islands and the island. In the future, it will cater to the demand for DC charging facilities for electric buses and continue to expand the market.
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10、future market plan
-market opportunity(conti.)
Energy storage equipment：
The energy storage equipment is equipped with Lithium battery and incorporated with HV & LV equipment as energy storage system, which can achieve the purpose of peaking and filling the valley energy management and stabilize the function of the solar photovoltaic system. The future has great development potential.
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10、future market plan
-market opportunity(conti.)
Oversea market opportunity：
In addition to strengthening the existing foreign distribution system (Europe, Europe, Southeast Asia, South Africa countries)?, it will rise to emerging markets such as Southeast Asia.? As the needs for infrastructure are strong, AEC will grow its experience into its products and technologies with competitive advantages, such as power switchgear, molded transformers, solar photovoltaic inverters/storage equipment, electric bus/car/rail vehicle chargers... And system integration technology, through the local distribution agent or strategic alliance to quickly turn to greater business opportunities.
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Thank you for your attention
James Jan (Diector Finance Div.)
E-mail: [email protected]
Tel: (02)2655-3456 #2640
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