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AWEA — Investor Presentation 2014
Nov 26, 2014
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Download source fileMACHINE TOOLS INDUSTRY INTRODUCTION
The Features of Machine Tools
Machine Tool is the machine to produce the parts of a machine.
It has high quality of technology, and reflects the industry
capability, such as Japan, German, US and Italy.
Most of the parts and the moulds of the plastic, quartz and
electronic components need machine tools to do machining.
It is a big market and not easy to be replaced.


The Types of Machine Tools
Machine tools
80%
20%
Forming
Cutting
40%
25%
Machining center
EDM
Broaching machine
Milling machine
Drilling machine
Grinding machine
Planning machine
Boring machine
Wire-cut machine
Plastic forming
Press machine
Folding machine
Lathe
AWEA
GOODWAY
EXTRON
Importance of Machine Tools


Crank Shaft
Turning Center
Cylinder
Machining Center



Aluminum Wheel
Wheel Turning Center
Bumper Mold
Bridge Type Machining Center


Wheel Mold
Vertical Turning Center
Brake Disk
Vertical Turning Center
Importance of Machine Tools
| | | |
| --- | --- | --- |
| Hub Horizontal Boring Mills | Precision Parts Turning Center | Turbo-propeller 5-axis Turning Center |
| | | |






Importance of Machine Tools
| | | |
| --- | --- | --- |
| Metal Casings Tapping Center | Movement/Micro Parts Swiss Turning Center | Bone Screw/Implant Screw Swiss Turning Center |
| | | |








THE AWEA GROUP

Company Profile
1986 AWEA was founded in Hsin-Chu,Taiwan.
1998 Entered the OTC market.
2000 Became the listed company in TSEC.
End of 2014/11
Capital:NT$920m (USD$30m)
Employees:521(Hsin-Chu factory:239,Tai-Chung factory:282)
RD members:67
Major products: C type and bridge type CNC machine center
Subsidiaries : Best Way Shang-Hai , Dawea Su-Zhou, Wu-jiang Su-Zhou
(all 100% holding),YIH CHUAN(60% holding)
Certification
ISO 9001 Quality System --Germany TUV CERT
ISO 14001 Environmental System --Germany TUV CERT
CE European Safety System --UK AMTRI
Operating Centers ─ Taiwan


AWEA Headquarters / 26,000 m²
Taipei



Hsinchu

Taichung
Jiayi

AWEA CTSP Branch / 26,600 m²


DAPUMEI
Industrial District
AWEA Taichung DA-YA Branch / 3,300 m²
EXTRON Headquarters / 10,400 m²
AWEA New Branch
50,000 m²
Operating Centers ─ CHINA


Beijing
AWEA Branch

Suzhou
Shanghai

Wujiang


AWEA ( SHANGHAI ) / 8,600 m²

Dongguan
AWEA Branch
Group Branch

Group Branch


GOODWAY GROUP ( WUJIANG )
66,800 m²
GOODWAY GROUP ( DONGGUAN )
500 m²
AWEA ( SUZHOU ) / 13,900 m²

Exports of Taiwan Machine Tools in 2014 01 ~07 by Products
單位:US 仟元
AWEA
| Products | 2014年1~7月 | 2013 1~7月 | Change(%) |
| --- | --- | --- | --- |
| 綜合加工機(Machining Centers) | 707,373 | 632,668 | 11.8% |
| 車床類(Lathes) | 468,572 | 444,687 | 5.4% |
| 鉆、搪、銑、攻牙機械類Drilling,Boring,Milling M/C | 220,978 | 226,159 | -2.3% |
| 磨床類Grinding machines | 174,795 | 135,123 | 29.4% |
| 刨、鋸、拉製、齒輪機械類Shaping,Sawing,gearing M/C | 118,372 | 117,411 | 0.8% |
| 放電加工、雷射加工等非傳統工具機EDM,Laser Cutting M/C,etc | 88,241 | 90,464 | -2.5% |
| 切削工具機小計 Metal Cutting Machine Tools | 1,778,331 | 1,646,512 | 8.0% |
| 鍛壓、沖剪機械類 Press & Shearing Machines | 285,042 | 308,048 | -7.5% |
| 其他成型工具機類 Other Metal Forming MT | 73,947 | 94,004 | -21.3 |
| 成型工具機小計 Metal Forming M T | 358,989 | 402,052 | -10.7% |
| 出口工具機合計 Machine Tools | 2,173,320 | 2,048,564 | 4.3% |
Source:TMTF
Exports of Taiwan Machine Tools in 2014 01 ~07 by Destination

UNIT:US$1000
| 排 名 | 國 別 | 2014年1~7月 金 額 % | | 2013年1~7月 | 成長率 % |
| --- | --- | --- | --- | --- | --- |
| 1 | 大陸-China(Hong Kong) | 713,474 | 33.4% | 674,983 | 5.7% |
| 2 | 美國-USA | 236,663 | 11.1% | 224,949 | 5.2% |
| 3 | 土耳其-Turkey | 109,735 | 5.1% | 102,936 | 6.6% |
| 4 | 泰國-Thailand | 105,225 | 4.9% | 139,569 | -24.6% |
| 5 | 德國-Germany | 72,609 | 3.4% | 66,185 | 9.7% |
| 6 | 韓國-Korea | 58,869 | 2.8/% | 58,947 | -0.1% |
| 7 | 荷蘭-Holland | 58,514 | 2.7% | 51,391 | 13.9% |
| 8 | 俄羅斯-Russia | 55,968 | 2.6% | 47,276 | 18.4% |
| 9 | 馬來西亞-Malaysia | 55,113 | 2.6% | 53,398 | 3.2% |
| 10 | 英國UK | 52,057 | 2.4% | 32,464 | 60.4% |
| | Other | 619,093 | 29.0% | 596,466 | 3.4% |
| 合計 | | 2,137,320 | 100.0% | 2,048,564 | 4.3% |
Source:TMIF
Marketing Share



AMERICA
8%/11%/19%/8%
CHINA
27%/24%/25%/27%
EUROPE
25%/21%/24%/21%







TAIWAN
30%/35%/22%30%
ASIA (Jap. Koera ..)
9%/10%/10%/14%

OHTERS 1%/0%/0%/0%
Investment
Five-axis Machining Center

FV-960
Vertical machine with 5-axis table, to suit customer’s various application, such as biological medicine parts, auto mobile parts and so on.
Announced in EMO 2013, FV-960 is well reputed by customers in Germany and US.

| | Item | |
| --- | --- | --- |
| 行程 | X travel | 960mm |
| | Y travel | 600mm |
| | Z travel | 480mm |
| 工作台 | Table size | 560x365(Ø350)mm |
| | Table loading (0°~45°) | 200kg |
| | Table tilting (45°~120°) | 100kg |
| | A/C axis angle | 162° (120°~-42°)/360° |
| 進给 | X/Y/Z rapid feed | 32/32/24m/min |
| | Cutting feedrate | 1~10000mm/min |
| 主軸、刀庫系統 | Spindle speed | 12000rpm |
| | Spindle taper | BBT40 |
| | Tool magazine | 32(40/60) |
| | Max. tool dia./ adj. pocket empty | ø76/ø127 |
| | Max. tool weight | 7kg |
| | Max. tool length | 250mm |

FCV-620
Machine in one-piece casting with 5-axis table, to suit customer’s various application, such as medium size parts, turbo and automobile.
Announced in JIMTOF 2014, FCV620 is admired by customer around the world.
| Item | ||
|---|---|---|
| X travel | 635mm | |
| Y travel | 535mm | |
| Z travel | 460mm | |
| Table size | ψ650/ψ500mm | |
| Table loading (0°~45°) | 300kg | |
| Table tilting (45°~90°) | 200kg | |
| B/C axis rotating angle | -50°~ +110°/360° | |
| X/Y/Z rapid feed | 32/32/36m/min | |
| Cutting feedrate | 1~20000mm/min | |
| Spindle speed | 12000rpm | |
| Spindle taper | BBT40 | |
| Tool magazine | 32(40/60) | |
| Max. tool dia./ adj. pocket empty | ø76/ø127 | |
| Max. tool weight | 7kg | |
| Max. tool length | 250mm |


FMV-99
Machine in one-piece casting with 5-axis table, to suit customer’s various application, such as medium size parts, turbo and aerospace industry.
| Item | ||
|---|---|---|
| X travel | 800mm | |
| Y travel | 900mm | |
| Z travel | 660mm | |
| Table size | ψ850mm | |
| Table loading | 1000kg | |
| Table tilting | 700kg | |
| A/C axis rotating angle | +30°~-120°/360° | |
| X/Y/Z rapid feed | 48/48/48m/min | |
| Cutting feedrate | 1~10000mm/min | |
| Spindle speed | 20000rpm | |
| Spindle taper | BBT40/HSK A63 | |
| Tool magazine | 40(80) | |
| Max. tool dia./ adj. pocket empty | ø90/ø300 | |
| Max. tool weight | 6kg | |
| Max. tool length | 250mm |

Five-axis Machining Center
Mega5 series
In order to advance the machining capability on large and complicate parts, we use the machine structure of LP & LG as basis to equip with Mega 5 head, for the application on aerospace (大陸明日宇航), Mould industry, automobile parts machining (大陸哈利汽車)



Mega5P series
MEGA5 P :
Machine structure: Double column machine with 5-axis head
Spindle speed:12,000rpm HSK-A100
24,000rpm HSK-A63
Z travel:1000/1200
Tool magazine:None (STD)? Chain type 40T/60T (OPT)
Guideway:X axus roller, Y/Z axis ball
Controller:HEIDENHAIN


Mega5G series
Mega5 G:
Machine structure: Gantry type with 5 axis head
Spindle speed:12,000rpm HSK-A100
24,000rpm HSK-A63
Z ravel:1000/1200/1400 mm
Tool magazine:None(STD)? Drum type 20T/40T (OPT)
Guideway:Roller
Controller:HEIDENHAIN



MEGA5 Pxx20 series
Ideal for 5-axis machining request in aerospace industry, molding making and big size complicated parts

| X travel | mm | 2500mm | 3000mm | 4000mm | 5000mm |
| --- | --- | --- | --- | --- | --- |
| Y travel | mm | 2000mm | | | |
| Z travel | mm | 1000mm | | | |
| Spindle nose to table | mm | 200~1200mm | | | |
| Built-in spindle power S6(40%) | KW | 70 KW | | | |
| Spindle speed | rpm | 18000 rpm | | | |
| Spindle taper | | HSK-A63 | | | |
| BC axis tilting/ rotating speed | rpm | B=100 C=100rpm | | | |
| BC axis max. torque | Nm | B=1150 C=1100 Nm | | | |
| BC axis clamping torque(P MAX) | Nm | B=2160 C=3024 Nm | | | |
| BC axis tilting/ rotating angle | degree | B=±105° C=±200° | | | |
| Rapid feedrate(X/Y/Z) | m/min | X=20 Y=20 Z=15 m/min | | | |
| X/Y/Z acceleration | g | 0.3 g | | | |
| Tool magazine | | Drum type 40T | | | |

New Double Column Machining Center
HTP series
Advance the rigidity on Y, Z axis, to have superior cutting performance, also eliminate the trembling while machining.
Ideal for machining jobshop ( 台灣伍德), energy industry.


HP series
Comprehensive designed for customer special request to have outstanding configuration and rigidity.
Ideal for machining job shop(台灣占益)、energy industry、molding making industry



HD2012/3012
Ideal for small-medium size heavy cutting request on molding making, parts machining and casting iron machining.
| | Item | HD2012 | HD3012 |
| --- | --- | --- | --- |
| | X travel | 2000mm | 3000mm |
| | Y travel | 1200mm | |
| | Z travel | 760mm | |
| | Table size | 2000x1100mm | 3000x1100mm |
| | Table loading | 4500kg | 5500kg |
| | X/Y/Z rapid feed | 24/24/15m/min | 20/24/15m/min |
| | Cutting feedrate | 1~10000mm/min | |
| | Spindle taper | BT50 | |
| | Tool magazine | 32(40/60) | |
| | Max.tool dia./ adj. pocket empty | ø125/ø215 | |
| | Max. tool weight | 15kg | |
| | Max. tool length | 350mm | |
| | | | |


VP1612
Required by customer in order to meet their limited space in factory.
Ideal for light mold making, parts machining, casting iron industry, such as 帝寶.
| | Item | |
| --- | --- | --- |
| | X travel | 1600mm |
| | Y travel | 1200mm |
| | Z travel | 760mm |
| | Table size | 1600x1100mm |
| | Table loading | 3000kg |
| | X/Y/Z rapid feed | 20/20/20m/min |
| | Cutting feedrate | 1~10000mm/min |
| | Spindle taper | BT50 |
| | Tool magazine | 32(40/60) |
| | Max.tool dia./ adj. pocket empty | ø125/ø215 |
| | Max. tool weight | 15kg |
| | Max. tool length | 350mm |

Horizontal Boring Machine
JB series
Designed to have longer travel for big size parts machining, suitable for mechanical parts machining (Bulgaria), wind mill parts, big size mold and so on.


BL series (expanded)
For customer special job requirement, to have rotating table with fixed table on ground, customer for molding making such like 大陸龍記.


BL series (expanded)
Also for customer special requet, to have bigger size rotary table to make big size job machining.
For customer such as automobile parts machining(台灣東陽), big mold machining (大陸龍記)


MB1512/2012
For customer precision boring job to have MB1512/2012.
Ideal for gear box maching, casting iron machining.
| | Item | MB1512 | | MB2012 |
| --- | --- | --- | --- | --- |
| | X travel | 1500mm | | 2000mm |
| | Y travel | 1200mm | | |
| | Z travel | 900mm | | |
| | W travel | 500mm | | |
| | Table loading | 4000kg | | |
| | Table size | 1250x1150mm | | |
| | Table indexing | 0.001° | 1° | |
| | Billing spindle dia. | 110mm | | |
| | X/Y/Z/W raid feed | 15/15/15/6m/min | | |
| | Cutting feedrate | 1~6000mm/min | | |
| | Spindle speed | 3200rpm | | |
| | Tool magazine | 40(60) | | |
| | Max. tool dia/ adj. pocket empty | ø125/ø250 | | |
| | Max. tool weight | 25kg | | |
| | Max. tool length | 400mm | | |

Horizontal Machining Center

AH500
In order to meet customer’s requirement on horizontal machining. It is ideal for automobile parts machining,casting iron machining and so on.
| | Item | AH500 direct driven | | AH500 gear box |
| --- | --- | --- | --- | --- |
| | X travel | 700mm | | |
| | Y travel | 620mm | | |
| | Z travel | 620mm | | |
| | Table size | 500x500mm | | |
| | Max. workpiece dia. | Ø700mm | | |
| | Max. workpiece height | 800mm | | |
| | Table indexing | 0.001° | 1° | |
| | Table loading | 600kg | | |
| | X/Y/Z axis rapid feed | 60/48/60m/min | | |
| | Cutting feedrate | 1~10000mm/min | | |
| | Spindle speed | 10000rpm | 6000rpm | |
| | Tool magazine | 60(40/80/100/120) | | |
| | Max. tool dia./ adj. pocket empty | ø115/ø230 | | |
| | Max. tool weight | 25kg | | |
| | Max. tool length | 500mm | | |
| | Tool motor | Servo motor | | |


AH630
| Item | AH630 direct driven | AH630 gear box | ||
|---|---|---|---|---|
| X travel | 1020mm | |||
| Y travel | 900mm | |||
| Z travel | 900mm | |||
| Table size | 630x630mm | |||
| Max. workpiece dia. | ø1020mm | |||
| Max. workpiece height | 1000mm | |||
| Table indexing | 0.001° | 1° | ||
| Table loading | 1200kg | |||
| X/Y/Z axis rapid feed | 40/30/40m/min | |||
| Cutting feedrate | 1~10000mm/min | |||
| Spindle speed | 10000rpm | 6000rpm | ||
| Tool magazine | 60(40/80/100/120) | |||
| Max. tool dia./ adj. pocket empty | ø115/ø230 | |||
| Max. tool weight | 25kg | |||
| Max. tool length | 500mm | |||
| Tool motor | Servo motor |


Financial results ?Revenue, cost, net income and EPS
Unit:NT/Thousand

Financial results--Dividends
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| stocks | 0.5 | 0.5 | - | - | - |
| Cash | - | 1.0 | 1.5 | 1.5 | 2.0 |
| TOTAL | 0.5 | 1.5 | 1.5 | 1.5 | 2.0 |

Breakdown by product type
| Bridge-type | C-type | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2012 | 2013 | 2014 ~Q3 | 2011 | 2012 | 2013 | 2014 ~Q3 | 2011 | 2012 | 2013 | 2014 ~Q3 | |
| Quantity | 217 | 216 | 174 | 137 | 704 | 684 | 631 | 539 | 921 | 900 | 805 | 676 |
| Revenue (NT$m) | 1,589 | 1,686 | 1,279 | 924 | 1,470 | 1,545 | 1,315 | 1,145 | 3,059 | 3,231 | 2,594 | 2,069 |
| Gross margin % | 26% | 27% | 23% | 23% | 17% | 17% | 19% | 19% | 21% | 22% | 21% | 21% |

Sales breakdown by region
| Taiwan | China | Europe | America | Asia | Other | Total | |
|---|---|---|---|---|---|---|---|
| 2010 | 32% | 22% | 22% | 9% | 15% | 0% | 100% |
| 2011 | 24% | 18% | 26% | 21% | 11% | 0% | 100% |
| 2012 | 38% | 16% | 23% | 12% | 11% | 0% | 100% |
| 2013 | 34% | 18% | 28% | 9% | 10% | 1% | 100% |

B/B Ratio
UNIT:NT 1,000
| Period | Order | Deliver | B/B |
| --- | --- | --- | --- |
| 2012/Q1 | 761,990 | 808,675 | 0.94 |
| Q2 | 852,670 | 937,527 | 0.91 |
| Q3 | 569,270 | 848,311 | 0.67 |
| Q4 | 605,950 | 766,135 | 0.79 |
| 2013/Q1 | 768,880 | 650,311 | 1.18 |
| Q2 | 839,520 | 709,272 | 1.18 |
| Q3 | 730,900 | 701,924 | 1.04 |
| Q4 | 840,140 | 694,372 | 1.21 |
| 2014/Q1 | 810,500 | 727,072 | 1.11 |
| Q2 | 1,124,410 | 892,543 | 1.26 |
| Q3 | 926,340 | 859,390 | 1.08 |
| 2012/Q1 | 761,990 | 808,675 | 0.94 |
Order by quarter
unit:NT 1000
| | 2013 | | | | 2014 | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 |
| Taiwan | 26,637 | 29,575 | 33,064 | 20,947 | 26,723 | 33,356 | 34,688 |
| China | 16,192 | 19,609 | 16,038 | 17,735 | 10,503 | 19,956 | 20,007 |
| North American | 12,236 | 5,960 | 4,050 | 7,383 | 11,221 | 4,376 | 8,865 |
| ITALY | 579 | 213 | 3,037 | 7,056 | 4,405 | 14,173 | 4,266 |
| Turkey | 4,996 | 2,579 | 1,770 | 5,927 | 7,855 | 8,133 | 3,155 |
| Spanish | - | 3,371 | 964 | 6,903 | 2,872 | 4,942 | 1,010 |
| other | 16,248 | 22,645 | 14,167 | 18,063 | 17,471 | 27,505 | 20,643 |
| Total | 76,888 | 83,952 | 73,090 | 84,015 | 81,050 | 112,441 | 92,634 |

Production capacity
| Hsinchu | Taichung | Best Way | DAWEA | Wujiang | Yih Chuan | |
|---|---|---|---|---|---|---|
| Scale(M2) | 26,000 | 26,600 | 8,600 | 13,900 | 66,800 | 10,413 |
| Product | Double column machine | Vertical/Small double column | Double column | Machining workshop | Double column/ vertical | Vertical/ Small double column |
| Capacity (set/month) | 20 | 80 | 6 | - | 50 (Remarks) | 6 |
| Capacity (thousands/month) | 160,000 | 160,000 | 50,000 | 6,000 | 160,000 (Remarks) | 17,000 |
| Location | Hsinchu | Taichung | Shanghai | Suzhou | Suzhou | Taichung |
Product Line

Best Way Factory
VP/SP series:Mass production、ECO Line、Preparation for Wujiang plant
LP-3M/4M :Advanced quality (Keep up the quality of Taiwan-made)
Vertical machining center : Preparation for Wujiang plant
Wujiang Factory
Mass production to double column machine
Mass production to vertical machining center
Chiayi Da Pu Mei Factory
Mass production to double column machine
Mass production to vertical machining center
Production Base Layout ? of the three places

Da Pu Mei factory
Scale:30,000m2
Build:2014/Q4
Wujiang factory
Scale: 66,800m2(With Goodway)
Start:2014/Q4
Hsinchu factory
The 3rd time expansion
Build:2015
Taichung factory
Plant refined
In China
Best Way assembly Line
DAWEA professional machining workshop
Thank you?& ?Q & A