AI assistant
AWEA — Investor Presentation 2018
May 24, 2018
51853_rns_2018-05-24_e922afac-87d4-48a6-9177-b3549a0dadf1.pdf
Investor Presentation
Open in viewerOpens in your device viewer
AWEA 2018Q1Company Presentation
2018.05.24
==> picture [278 x 71] intentionally omitted <==
==> picture [182 x 59] intentionally omitted <==
AWEA MECHANTRONIC CO.,LTD.
Company Presentation
BY Bruce Kang
General manager
2018/05/24
==> picture [171 x 59] intentionally omitted <==
2
Presentation Outline
==> picture [144 x 38] intentionally omitted <==
AWEA Group
NEW Products
Marketing intelligence
Operating Performance
Production Base
-
Current market situation&
-
Competitive strategy
3
==> picture [144 x 38] intentionally omitted <==
Company Profiles
4
Operating Centers ─ Taiwan
==> picture [144 x 38] intentionally omitted <==
==> picture [192 x 89] intentionally omitted <==
GOODWAY Headquarters / 18,600 m²
==> picture [192 x 90] intentionally omitted <==
GOODWAY CTSP Branch / 26,600 m²
Taipei Hsinchu Taichung
Chiayi
==> picture [192 x 89] intentionally omitted <==
AWEA Headquarters / 26,000 m²
==> picture [193 x 89] intentionally omitted <==
AWEA CTSP Branch / 26,600 m²
==> picture [191 x 90] intentionally omitted <==
EXTRON Headquarters / 10,400 m²
AWEA GROUP Chiayi Branch 54,700 m²
5
Operating Centers ─ CHINA
==> picture [144 x 38] intentionally omitted <==
Beijing Wujiang Jiaxing Dongguan
==> picture [301 x 197] intentionally omitted <==
AWEA GROUP ( WUJIANG ) 66,800 m²
==> picture [193 x 89] intentionally omitted <==
GOODWAY GROUP ( D ~~ONGGUAN )~~
EXTRON (Jiaxing) / 40,756 m²
500 m²
6
Global Sales Network
Swede Denma rk n Germa ny Poland Finla Russi nd Switzerl a U. and Roma NetherlK. nia Hunga and Fran ry Ukraine South Cana Spaice Czech Korea da n Portu BulgariRepublic gal Isra Turkey a Japan Los el Angeles Ital Croa Pakist tia y Slove an Thaila nia Egyp Indi nd t a Vietna Malays m ia Singapo re Indon esia Bra zil / 20,000 m² South Africa Austra
YAMA SEIKI / 20,000 m²
New Zealand
Daughter company 100% owned by GOODWAY group
Argent ina Over 60 professional dealers around the world in 43 countries
Company Profiles
==> picture [144 x 38] intentionally omitted <==
1986 AWEA was founded in Hsin-Chu,Taiwan.
1998 Entered the OTC market. 2000 Became the listed company in TSEC.
End of 2018/04
Capital:NT$965m (USD$32m)
Employees:795(Taiwan:575,Mainland:220) 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),EXTRON(60% holding)
Certification
ISO 9001 Quality System --Germany TUV CERT ISO 14001 Environmental System --Germany TUV CERT CE European Safety System --UK AMTRI
8
Investment
==> picture [144 x 38] intentionally omitted <==
==> picture [663 x 274] intentionally omitted <==
----- Start of picture text -----
100% 100% 100%
60% YIH CHUAN .AXTRON AXTRON A X T R O N
MACHINERY INT’L INT’L ( J i a x i n g )
INVESTMEN INVESTMEN
INC
T CO.,LTD T LIMITED
100%
AWEA 100% B-Way 100% Billion-Way SHANGHAI
Mechantroni (Cayman)Co., (Cayman) Co., (BEST WAY)
c Ltd. Ltd.
100%
SUZHOU
(DAWEA)
28.58%
YAMA SEIKI
USA, INC.
100%
SUZHOU
(AWEA)
----- End of picture text -----
9
==> picture [144 x 38] intentionally omitted <==
New Products
10
==> picture [144 x 38] intentionally omitted <==
Su er lar e movable column machine p g
Production Base: Hsinchu Factory Advantage: Taiwan industry's largest processing range. Development: long-direction Travel unlimited extension, suitable for the processing of large parts.
==> picture [278 x 185] intentionally omitted <==
==> picture [251 x 185] intentionally omitted <==
MCP Series
LG Series
11
5-axis Technology(一)
==> picture [144 x 38] intentionally omitted <==
Production Base: Hsinchu Factory, Taichung Factory Advantage: High torque, high speed two axes with a complete five axis machine product line. Malleable: Aerospace workpiece, shipbuilding industry, orbital industry, optical electronics industries.
MEGA5Series
12
5-axis Technology(二)
==> picture [144 x 38] intentionally omitted <==
Production Base: Taichung Factory Advantage: Complete product line, processing workpiece can reach 1,000kgs.
Development malleable: Gaosheng production efficiency, complex process parts of a machine to complete the Industrial 4.0 with machine
arm , no human production.
==> picture [204 x 168] intentionally omitted <==
FV Series
FCV Series
==> picture [189 x 170] intentionally omitted <==
FMV Series
13
==> picture [144 x 38] intentionally omitted <==
一 Horizontal Boring Mills( )
Production Base: Taichung Factory Advantage: The main demand specifications, exchange table. Malleable: Car parts, gas industry production.
==> picture [168 x 132] intentionally omitted <==
==> picture [187 x 139] intentionally omitted <==
AH Series
MB-APC Series
14
==> picture [144 x 38] intentionally omitted <==
Horizontal Boring Mills(二)
Production Base: Hsinchu Factory
Advantage: Large load capacity (tons), automatic attachment. malleable: With high torque high-speed main axis and a variety of additional head, suitable for large mold racks, energy industry parts . processing
30T
20T
10T
5T
BL Series
15
==> picture [144 x 38] intentionally omitted <==
Hi h s eed 5-axis machine g p
Production Base: Hsinchu Factory, Taichung Factory Advantages: New Screw line Horse drive high-speed model, RG5 acceleration up to 0.3G; AG5 acceleration up to 0.5G Development: High precision tooling, aerospace parts processing.
RG5 Series
AG5 Series
16
==> picture [144 x 38] intentionally omitted <==
Additional headers-Self-development
==> picture [663 x 268] intentionally omitted <==
----- Start of picture text -----
Automatic Universal Head Automatic Universal Head
35 [ 。 ] Head
Extension Head 90 [。 ] Head
17
----- End of picture text -----
Two Axes Head
==> picture [144 x 38] intentionally omitted <==
==> picture [215 x 285] intentionally omitted <==
| AWEA Model |
TIN- 6324 |
COM- 6324 |
COM- 10015 |
STR- 10012 |
NOV- 6324L |
NOV- 10015 |
|
|---|---|---|---|---|---|---|---|
| Electro Spindle Specificat ions |
HSK -A63 | HSK -A63 | HSK -A100 | HSK -A100 | HSK -A63, long nose |
HSK -A100 | |
| Max. Speed - 24000rpm |
Max. Speed - 24000rpm |
Max. Speed - 15000rpm |
Max. Speed - 12000rpm |
Max. Speed - 24000rpm |
Max. Speed - 15000rpm |
||
| Nominal power - 27kW |
Nominal power - 42kW |
Nominal power - 50kW |
Nominal power - 40kW |
Nominal power - 42kW |
Nominal power - 50kW |
||
| Nominal torque - 40Nm |
Nominal torque - 67Nm |
Nominal torque - 95Nm |
Nominal torque - 248Nm |
Nominal torque - 67Nm |
Nominal torque - 95Nm |
Technai Two Axes Head
18
==> picture [144 x 38] intentionally omitted <==
Marketing intelligence
19
Automatization(一)
==> picture [144 x 38] intentionally omitted <==
FCV620 x 4 + EROWA 自動上下料系統
20
Automatization(二)
==> picture [144 x 38] intentionally omitted <==
AF650 石墨切銷 + EROWA 自動上下料系統
21
Automatization(三)
==> picture [144 x 38] intentionally omitted <==
FCV620 五軸機 + 機械手臂
22
==> picture [144 x 38] intentionally omitted <==
Automatization(四)
==> picture [324 x 216] intentionally omitted <==
==> picture [325 x 216] intentionally omitted <==
AV1000 + 機械手臂
23
==> picture [144 x 38] intentionally omitted <==
Automatization(五)
==> picture [333 x 250] intentionally omitted <==
==> picture [333 x 250] intentionally omitted <==
==> picture [37 x 37] intentionally omitted <==
AF610 + 機械手臂
24
==> picture [144 x 38] intentionally omitted <==
Intelligence(一)
Expand
Industry 4.0
Industry Promotion Plan
==> picture [240 x 134] intentionally omitted <==
operation interface, machine platform intelligent upgrade
==> picture [338 x 187] intentionally omitted <==
25
==> picture [144 x 38] intentionally omitted <==
Intelligence(二)
==> picture [635 x 347] intentionally omitted <==
26
large-scale
==> picture [144 x 38] intentionally omitted <==
Type: LG 6040*8
==> picture [652 x 308] intentionally omitted <==
Recent large batch product delivery photo
27
==> picture [144 x 38] intentionally omitted <==
Operating Performance
28
Financial results
==> picture [144 x 38] intentionally omitted <==
Revenue cost net income and EPS , ,
Unit:NT/Thousand
| Unit:NT/Thousand | Unit:NT/Thousand | Unit:NT/Thousand | Unit:NT/Thousand | Unit:NT/Thousand | Unit:NT/Thousand | Unit:NT/Thousand | Unit:NT/Thousand | |
|---|---|---|---|---|---|---|---|---|
| 4500000 | ||||||||
| 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 ,, |
||||||||
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018Q1 | |
| Revenue | 3,434,628 | 3,670,290 | 2,992,668 | 3,913,307 | 3,806,785 | 3,636,760 | 4,232,259 | 1,080,487 |
| Cost | 2,639,695 | 2,804,424 | 2,338,565 | 3,059,319 | 3,023,515 | 2,881,755 | 3,371,476 | 867,074 |
| Net income | 247,352 | 266,208 | 235,978 | 279,778 | 275,440 | 134,977 | 172,620 | 54,043 |
| EPS | 2.78 | 2.89 | 2.56 | 2.96 | 2.97 | 1.42 | 1.82 | 0.56 |
29
==> picture [144 x 38] intentionally omitted <==
Financial results--Dividends
Year |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|---|---|---|---|---|---|---|
stocks |
- |
- |
- |
0.5 |
- |
- |
Cash |
1.5 |
2.0 |
2.2 |
0.5 |
0.7 |
1.25 |
TOTAL |
1.5 |
2.0 |
2.2 |
1.0 |
0.7 |
1.25 |
30
Income statement
==> picture [144 x 38] intentionally omitted <==
the last five quarters
單位：Nt$ million;%
Item/Period |
2017Q1 |
2017Q2 |
2017Q3 |
2017Q4 |
2018Q1 |
|---|---|---|---|---|---|
Revenue |
958 | 1,053 | 1,109 | 1,112 | 1,080 |
Gross margin |
176 | 205 | 229 | 252 | 215 |
Gross margin rate |
18% | 19% | 21% | 23% | 20% |
Operation Profit |
42 | 79 | 83 | 104 | 84 |
Operation Profit rate |
4% | 7% | 7% | 9% | 7% |
Net income before Tax |
(22) | 98 | 101 | 100 | 80 |
Net income |
(26) | 64 | 65 | 69 | 54 |
EPS |
(0.25) | 0.67 | 0.69 | 0.72 | 0.56 |
Exchange Gain(Loss) |
(81) | 37 | 15 | (20) | (23) |
31
Marketing Share
AMERICA
EUROPE
2015/2016/2017/2018Q1 2015/2016/2017/2018Q1 12%/9%/9%/12% 26%/26%/20%/21%
ASIA
2015/2016/2017/2018Q1 4%/6%/11%/7%
==> picture [144 x 38] intentionally omitted <==
CHINA
2015/2016/2017/2018Q1 32%/34%/34%/31%
TAIWAN
2015/2016/2017/2018Q1 26%/25%/26%/29%
32
Regions Sales(一)
==> picture [144 x 38] intentionally omitted <==
Unit：NT$million
Regions20142015201620172018Q1 |
Regions20142015201620172018Q1 |
Regions20142015201620172018Q1 |
Regions20142015201620172018Q1 |
Regions20142015201620172018Q1 |
Regions20142015201620172018Q1 |
Regions20142015201620172018Q1 |
|---|---|---|---|---|---|---|
China |
892 |
1,152 |
1,193 |
1,400 |
32728880523625 |
|
Taiwan |
1,070 |
906 |
818 |
1,052 |
||
American |
304 |
258 |
188 |
258 |
||
Italy |
268 |
311 |
228 |
280 |
||
German |
70 |
79 |
90 |
80 |
||
Koera |
51 |
68 |
82 |
240 |
||
| 33 |
5 Axis machine sales
==> picture [144 x 38] intentionally omitted <==
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
5 Axis machine sales |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
unit：set/NT$ million |
|||||||||||
機型 |
2014 |
2015 |
2016 |
2017 |
2018Q1 |
||||||
unit |
amount |
unit |
amount |
unit |
amount |
unit |
amount |
unit |
amount |
||
FCV Series |
13 |
64 |
28 |
152 |
16 |
76 |
5 |
24 |
|||
FMV Series |
2 |
10 |
1 |
12 |
|||||||
FV Series |
4 |
17 |
1 |
3 |
2 |
6 |
1 |
3 |
|||
MEGA5 Serie |
s 1 |
33 |
2 |
34 |
4 |
76 |
|||||
Total |
7 |
60 |
13 |
64 |
32 |
201 |
22 |
158 |
6 |
27 |
|
| 34 |
==> picture [144 x 38] intentionally omitted <==
Production Base
35
==> picture [138 x 41] intentionally omitted <==
Divide roducts p
Hsinchu Factory Customization for extralarge machines.
Taichung Factory
Advanced machines.
Chiayi (Dapu) Factory
Mass production for standardized machines.
AWEA (WUJIANG)
Local production, swift delivery and prompt service.
EXTRON (Jiaxing)
Local production, swift delivery and prompt service.
Extron(Taichung)
Product differentiation
36
Chiayi (Dapu)
==> picture [144 x 38] intentionally omitted <==
Chiayi (Dapu) Factory
==> picture [648 x 277] intentionally omitted <==
Base: 54,718 m[2 ]
37
CHIAYI BRANCH LAYOUT
==> picture [144 x 38] intentionally omitted <==
==> picture [612 x 348] intentionally omitted <==
38
CHIAYI BRANCH LAYOUT
==> picture [144 x 38] intentionally omitted <==
==> picture [620 x 352] intentionally omitted <==
39
AWEA (WUJIANG) AWEA (WUJIANG) Factory
==> picture [144 x 38] intentionally omitted <==
==> picture [555 x 115] intentionally omitted <==
----- Start of picture text -----
車間三：約7360平方米
1F-3F（研發車間）
車間二：約13121.76平方米
1F（大跨度車間）
----- End of picture text -----
基地面積: 54,718平方米
40
==> picture [144 x 38] intentionally omitted <==
strategy
41
==> picture [144 x 38] intentionally omitted <==
Current market situation
The devaluation of the NT currency is expected to relieve the factors that have plagued the tool industry for many years. Demand for automobile industry remains. Central banks are raising the interest rate, market have signs . of warming up around the world
Strong demand for some LCD 10.5 generation and semiconductor in Korea。
Government policy for intelligent machines and indigenous naval ship building creates new requirements. Raw materials cost raising.
42
==> picture [144 x 38] intentionally omitted <==
O eratin risk p g
The lack of material condition lasts.
Labor costs rise.
Lack of power rationing risk, firm investment waitand-see.
43
==> picture [144 x 38] intentionally omitted <==
Com etitive strate p gy
-
Comprehensive product range. -
Well established global sales network.
Accommodated production bases (Taiwan-High production efficiency：China-Big market potential, has regional tax deduction agreement and export subsidies)
-
Continuous new product development and RD investment. -
Group resources support. -
Long term production base expansion for future development requirements.
44
==> picture [144 x 38] intentionally omitted <==
Thank you & Q & A
45