AIRMATE — Investor Presentation 2021

Dec 28, 2021

Investor Conference Dec 2021??Airmate (Cayman) International Co. Limited??(1626:TT)

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     Outline?1. Q1-Q3, 2021 business performance?2. ShenZhen urban renewal update?3. 2022 business plan

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Notes:

1. Q1-Q3, 2021 business performance

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2021 Q3 Sales Revenues Breakdown by Region

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(Unit: NT$ Thousand)
China
N. Asia
Europe/ US
Total
| Region | 2021Q3 | 銷售比 | 2020Q3 | 銷售比 | YoY |
| --- | --- | --- | --- | --- | --- |
| China | 4,216,969 | 50% | 3,550,878 | 49% | 19% |
| Northeast Asia | 2,793,795 | 33% | 2,327,176 | 32% | 20% |
| Europe &America | 1,444,967 | 17% | 1,431,271 | 19% | 1% |
| Total | 8,455,731 | 100% | 7,309,325 | 100% | 16% |
Sales Analysis ：
Each market has grown sales than last year and product supply has become stabled, due to COVID has less affected, however the shortage of raw materials caused its retail price rose sharply. For response the rising costs, all products selling price were adjusted accordingly.
Exchange rate influence
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2021 Q3 Sales Revenues Breakdown by Product Category
(Unit: NT$ Thousand)
| Product | 2021Q3 | 銷售比 | 2020Q3 | 銷售比 | YoY |
| --- | --- | --- | --- | --- | --- |
| Fan | 6,502,680 | 77% | 5,571,903 | 76% | 17% |
| Heater | 824,914 | 10% | 730,983 | 10% | 13% |
| Small home appliances | 543,770 | 6% | 650,785 | 9% | -16% |
| Exhaust fan | 335,773 | 4% | 234,160 | 3% | 43% |
| Others | 248,594 | 3% | 121,494 | 2% | 105% |
| Total | 8,455,731 | 100% | 7,309,325 | 100% | 16% |
Sales Analysis ：
The COVID has less affected for fans, however the shortage of raw materials caused its retail price rose sharply. For response the rising costs, all products selling price were adjusted 3-5% accordingly.
Small home appliances category has more market players and furious competition, Airmate doesn’t contain competitive edges therefore the revenue decreased.

2021 Q3 Consolidated Income Statement
| Items | 2021Q3 | 2020Q3 | YOY |
| --- | --- | --- | --- |
| Net Sales | 8,455,731 | 7,309,325 | 15.68% |
| Gross Profit | 1,037,154 | 1,298,279 | -20.11% |
| Gross Margin(%) | 12.27% | 17.76% | -30.94% |
| Operating Expenses | 1,247,611 | 1,088,758 | 14.59% |
| Operating Profit | -210,457 | 209,521 | -200.45% |
| Non-operating Income & Expenses | -1,899 | -1,036 | 83.30% |
| Net Income | -221,245 | 154,470 | -243.23% |
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1. ShenZhen urban renewal update
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Notes:

Urban renewal plan

Joint venture, rental and sale methods
Invite small and medium enterprises to conduct marketing campaign

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Notes:

Renewal photo-1 (Daytime)

艾美特总部大楼

工业厂房
商业
配套宿舍
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Notes:

Renewal photo-2 (Daytime)

艾美特总部大楼
工业厂房
配套宿舍
商业
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Notes:

Surrounding traffic

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Notes:

Surrounding area

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Notes:

Property use
How to use:
Apart from certain floors for R&D and office, the rest floors will be for sale
| Fount ion | Area (m2) | How to use |
| --- | --- | --- |
| R&D Office | 19,997.25 | Total 21 floors Office use (five floors) 14,000m2 for sale |
| Plant | 5,649.58 | sale |
| Dorm | 9,313.26 | sale |
| Business | 1,299.24 | sale |
| Total | 36,259.33 | |
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1. 2022 business plan
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Notes:

Q&A
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