CARNIVAL — Call Transcript 2014

Sep 10, 2014

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(1417 TT)

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Investor Conference

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2014/09/10

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Table of Contents

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Company Overview
Operations Strategy
Financial Review
Future Prospect
Q & A
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Company Overview

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Founded in	1969
Paid-in Capital	NTD 3.79 billion
Chairman	Kenneth K.T. Yen
Publicly listed in / Stock Symbol	1976 / 1417
Core Business	Making and Selling Men’s and Women’s Apparel
	(1) Brands： ‧Own brand─Carnival and Uniform ‧Franchise ─Armani Series ‧License─Stefanel (2)OEM：Knitted & Woven Garments
Number of Employees	393(Taiwan) / 2,943(Overseas)

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Operations Strategy

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Operations Strategy
China
Taiwan
Headquarter
Philippines
越南
Vietnam
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Financial Review

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Consolidated Revenue

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Ratio of OEM Sales

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Ratio of Own, Franchise and License Sales

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─ Remark ： Own brand Carnival and Uniform ─ Franchise Armani Series ─ License Stefanel

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Franchise Armani Series
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License Stefanel
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Distribution of Stores	-Taiwan
32 Stores 21 Stores	11 2 Stores

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Distribution of Stores - China

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Statements of Comprehensive Income

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(In NT$ million) EPS(NT Dollar)

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Note ： Total outstanding shares were 379,880 thousands unit at 6/30 2014

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Balance Sheets Note: Total outstanding shares were 379,880 thousands unit at 6/30/2014 14

(In NT$ million)

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Future Prospect

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Future Prospects

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 Brands ：

• Stores ：

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• 137 stores will be established for both Taiwan

and China markets in 2014.

• 185 stores will be established within 3 years.

• Improving the accuracy of merchandise and reducing inventories.

 Vertical Integration of Group Resources.

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Future Prospects

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 OEM ：

 Factory ：

• Expanding the scope of knitting business by setting up an additional knitting factory in Vietnam.

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• TPP advantages: Duty free

• The average salary lower than Philippines.

• Adjusting the strategies of OEM orders acceptance ：

• Increasing the value added of products.

• Changes in product portfolio of special styling production.  17 Vertical Integration of Group Resources.

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Thank you Q&A

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TAIWAN HEAD OFFICE:

7th Floor,25 Jen Ai Road,Section4,Taipei Taiwan
TEL:886-2-27113171
WEB SITE: http://www.carnival.com.tw

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Disclaimer

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This presentation contains forward-looking statements concerning the financial condition, result of operations and business of Carnival Industrial Corporation (the ”Company”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Readers should not place undue reliance on forward-looking statements. Each forwardlooking statement specks only as of the date of this presentation. Neither the Company nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this 19 presentation.

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