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AWEA Investor Presentation 2014

Nov 26, 2014

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MACHINE 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.

BL(特寫)拷貝

GS-600

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

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Crank Shaft
Turning Center
Cylinder
Machining Center

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Aluminum Wheel
Wheel Turning Center
Bumper Mold
Bridge Type Machining Center

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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 |
| | | |

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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

新竹

MAP_3
AWEA Headquarters / 26,000 m²
Taipei

taipei

circular

AWEA亞崴外觀
Hsinchu

circular

Taichung

Jiayi

circular

AWEA CTSP Branch / 26,600 m²

DSC_0814

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

MAP_2

竹崴外觀
Beijing
AWEA Branch

taipei

Suzhou
Shanghai

circular
Wujiang

circular

circular

AWEA ( SHANGHAI ) / 8,600 m²

circular
Dongguan

AWEA Branch
Group Branch

吳江廠3D
Group Branch

外

達威外觀
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

square

square

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

MAP_1

circular

circular

circular

square

square

circular

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

9%/10%/10%/14%

circular

OHTERS 1%/0%/0%/0%

Investment

Five-axis Machining Center

未命名

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 |

未命名

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


未命名

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


未命名

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.

HTP

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


未命名

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 | |
| | | | |


未命名

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.

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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)


未命名

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 | | |

D:\00_MINE\99_BL\0000_外型\MB-1512-12.jpg

        Horizontal Machining Center

未命名

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 | | |


未命名

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°
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

C:\Users\bo.lan\Desktop\AH-630-01.jpg


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

未命名
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

未命名

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