COPLUS — Investor Presentation 2021

Nov 23, 2021

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股票代號：2254

巨鎧精密工業股份有限公司 興櫃前法人座談會

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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免責聲明

• 本資料由巨鎧精密工業股份有限公司（以下稱「本公司」）製作，且未經獨立查證。本簡報資 料所提供資訊，包含前瞻性看法以及展望，反應本公司截至目前為止對於未來的看法。這些前 瞻性看法及展望可能因各種無法掌控的風險、不確定與不同假設等狀況而超出本公司的判斷， 導致實際結果將可能有所出入或是不依預期發生；讀者不應完全依賴此簡報資訊做其投資決策。

• • 對於簡報中的內容，未來若有任何變更或調整，本公司不負責隨時提醒、更新或更正。本公司 及其任何關係企業、顧問或代表人對於本資料中所呈現或包含之任何資訊造成的任何損失概不 負責。

• 本資料中呈現或包含之資訊可不經通知加以變更，且不保證其正確性。本資料不構成證券發行 邀約。

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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01.公司簡介

02.技術及產品 03.市場 04.經營實績

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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公司簡介

巨鎧精密工業股份有限公司 設立日期 2013年09月14日 實收資本額 新台幣265,350,000元 董 事 長 吳柏樺 員工人數 116人（2021年10月31日止） 主要營業項目 全LED 汽車車燈、汽車零組件

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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100%

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巨鎧精密工業
（股）公司
100%
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100%

投資架構

100%

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巨昱車電(股)公司 巨穎科技(股)公司 巨秉工藝(股)公司 巨晉科技(股)公司
Commercial Digital Side-
Wheels DRL Grille
Truck Lighting view Monitor
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產品
示意圖
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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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公司沿革

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2013 2014

2015 2016 2018 2021

公司設立 產品通過SAE/ 東京國際汽車 美國DOT認證 配件展，發表 /ECE認證。 本田FIT與豐田 HIACE全LED 頭燈與尾燈。

美國野馬車 美國大型改 款大型零售 裝商R公司 通路商T公司 代理本公司 代理本公司 車燈產品， 福特野馬車 開啟線上購 款車燈產品。 物銷售模式。

• 辦理公開發行

• • 購置台南科工區土地廠房

• • 設立四家子公司

供貨歐洲，銷 售二合一霧燈 與晝行燈等產 品。

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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組織架構

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股東會
審計委
員會
董事會
薪酬
稽核室
委員會
董事長
總經理
財務部 研發部 品保部 生產部 業務部 管理部
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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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董事成員

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職稱	姓名	主要學歷	主要經歷
董事長	昇祈投資有限公司 吳柏樺	南台科技大學電機科	NJStar Holding Ltd. Director GALAXY INVESTMENT VENTURE INC. Director TRIUMPHAL INC. Director 昇祈投資有限公司董事
董事	昇祈投資有限公司 林慧雅	台南女子應用外語系	中華融資公司行政管理
董事	奕勝投資有限公司 許睻庭	台中家專服裝設計科	奕勝投資有限公司董事
董事	吳志彬	美國南加大電機碩士	鼎御工業(股)公司管理部經理 銀星投資有限公司董事
獨立董事	周朝鵬	國立台灣科技大學管理研究所碩士 國立政治大學法學院碩士(在職專班)	誠信聯合會計師事務所會計師 鴻碩精密電工（股）公司集團財務長、總稽核
獨立董事	林鴻昌	國立台灣大學EMBA國企組 美國喬治華盛頓大學財務金融研究所	新至陞科技/台灣肥料獨立董事 普鴻資訊(股)公司董事 神腦國際企業股份有限公司財務協理暨發言人
獨立董事	姜振富	國立台北大學會計學系碩士	力詮聯合會計師事務所合夥人及執業會計師 榮炭科技/中揚光電/永固集團獨立董事

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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01.公司簡介

02.技術及產品 03.市場 04.經營實績

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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Full LED Performance lighting

Why Choose Coplus

Invention Design High Quality Plug n Play Great Output - Sequential Signal Hold more than 500 patents DOT/SAE/ECE Compliance

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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PRODUCT DEVELOPMENT

Developing time:150 days

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Certification
Market Analysis Rapid Prototype
Design Phase Patent
Custom Demand Design tweaking
SAE/ECE/JIS
Fitment Testing
Mold Trial Production Mass
Further
Development Test the water Production
adjustments
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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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CONCEPT & STANDARD

Invention Design High Performance Structure Impressed but safety Optic Design

Quality Control

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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INVENTION DESIGN –INSPIRED FROM SUPER SPORTS CAR

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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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HIGH PERFORMANCE STRUCTURE – BEYOND OEM

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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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OSRAM LED CHIPS

5Chips

3Chips

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2Chips

4Chips

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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SPECIFIED & DEDICATED OPTIC DESIGN

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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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SPECIFIED & DEDICATED OPTIC DESIGN

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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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SPECIFIED & DEDICATED OPTIC DESIGN

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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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IMPRESSED BUT SAFETY OPTIC DESIGN

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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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SAE Certificate

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UNIVERSAL STANDARD

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E mark Certificate

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CCC Certificate

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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SOP OF HIGH QUALITY

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Production Line

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QC inspection

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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PICKUP

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Sports Car

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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COPLUS Inc. Confidential

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Passion and Excellence in everything we create!

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新型

5%

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專利類別
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專利佈局

申請中 27%

有效專利 by車廠

設計

發明

3%

65%

GMC, 13, 3% DODGE, 21, 4% FORD, 133, 27% NISSAN, 23, 5% SUBARU, 24, 5% TOYOTA, 65, 13% CHEVROLET, 62, 13% HONDA, 29, 6% 其他, 52, 11%

專利統計資料， 截至2021.09.17有效專利共計495件， 申請中專利共計188件。

COPLUS Inc. Confidential

Passion and Excellence in everything we create!

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01.公司簡介

02.技術及產品 03.市場 04.經營實績

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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化學燈時 電燈時代
DLP燈
代 (1925-至
(1886- 今)
1925 ) ADB燈
LED燈
ADB燈(2015-至今)
氙氣燈
LED燈(2004-至今)
鹵素燈
氙氣燈(1992-至今)
白熾燈
鹵素燈(1960-至今)
乙炔燈
從功能到智能
媒油燈
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車燈技術發展

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COPLUS Inc. Confidential
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Passion and Excellence in everything we create!

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LED 元件應用市場發展趨勢

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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市場定位
改裝市場 AM 市場 OEM
The Specialty-Equipment Market The parts you need.
The parts you want! 設計/ Tier1
製造
Standard
SE
2020年 全美約台幣630億 全球約台幣400億 全球約台幣8,900億元
頭尾燈約占58% 頭尾燈約占83%
COPLUS Inc. Confidential Passion and Excellence in everything we create!
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Passion and Excellence in everything we create! 28

市場趨勢

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000	新台幣億元 500 550 600 650 700 750 800 850 900 950 1,000 ~~585~~ ~~599~~ 622 630 650 663 689 724 6,432 6,639 6,771 7,040 7,394 3,212 3,310 3,376 3,510 3,686 3,136 3,228 3,293 3,424 3,596 11,436 11,889 12,314 2017 2018 2019 2020 2021 2022 2023 2024 照明 外觀配件 性能配件 輪胎/輪框 市場

資料來源：2021 SEMA MARKET REPORT

COPLUS Inc. Confidential

Passion and Excellence in everything we create!

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美國市場(2020)

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車輛存量2.8億輛, 市場規模13,410億
車燈改裝市場 4.7% 630億
車款佔車燈改裝比例
頭尾燈市場 58.2% 367億
線上通路 59% 217億 實體通路41% 150億
15%
10% 15% 16% 10% 8% 9% 18% 14%
Mid Range Car
others New Vehicle Specialty Retailer 34% 7%
& Others Sports Car
Dealership
CUV
17% Pickup
Others
27%
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資料來源：2021 SEMA MARKET REPORT 單位：新台幣元

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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美國市場(2020)
車輛存量2.8億輛, 市場規模13,410億
車燈改裝市場 4.7% 630億
車款佔車燈改裝比例
頭尾燈市場 58.2% 367億
線上通路 59% 217億 實體通路41% 150億
15%
10% 15% 16% 10% 8% 9% 18% 14%
Mid Range Car
others New Vehicle Specialty Retailer 34% 7%
& Others Sports Car
Dealership
CUV
17% Pickup
Others
27%
資料來源：2021 SEMA MARKET REPORT
單位：新台幣元
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COPLUS Inc. Confidential

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Passion and Excellence in everything we create!
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01.公司簡介

02.技術及產品 03.市場 04.經營實績

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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營收及重要財務指標

單位：新台幣仟元

	2018年度	2018年度	2019年度	2019年度	2020年度	2020年度	2021年Q2	2021年Q2
	金額	比率(%)	金額	比率(%)	金額	比率(%)	金額	比率(%)
營業收入	238,787	100.00	480,025	100.00	712,995	100.00	422,073	100.00
營業毛利	87,230	36.53	163,155	33.99	245,193	34.39	142,071	33.67
營業淨利	22,266	9.32	79,941	16.65	138,616	19.44	82,288	19.50
稅後淨利	16,569	6.94	56,508	11.77	100,462	14.09	71,647	16.98
每股盈餘(元)	1.16	-	3.95	-	7.03	-	2.71	-
EBIT	24,576	10.29	80,853	16.84	132,304	18.56	84,033	19.91
EBITDA	55,653	23.31	129,029	26.88	204,389	28.67	125,382	29.71
FCF	49,087	20.56	46,724	9.73	103,327	14.49	35,545	8.42

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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資產負債表及重要指標

單位：新台幣仟元

COPLUS Inc. Confidential 現金及約當現金 應收款項 存貨 不動產、廠房及設備 其他 資產總計 流動負債 非流動負債 負債總計 股東權益總計 重要財務指標 平均收現日數 平均銷貨日數		2019.12.31	2019.12.31	2020.12.31	2020.12.31	2021.6.30	2021.6.30
		金額	%	金額	%	金額	%
	現金及約當現金	94,462	13.5%	183,243	20.8%	180,798	19.6%
	應收款項	3,976	0.6%	15,525	1.8%	45,402	4.9%
	存貨	92,742	13.2%	82,787	9.4%	103,090	11.2%
	不動產、廠房及設備	386,412	55.1%	436,178	49.5%	465,350	50.4%
	其他	123,520	17.6%	163,798	18.6%	128,338	13.9%
	資產總計	701,112	100.0%	881,531	100.0%	922,978	100.0%
	流動負債	336,347	48.0%	444,806	50.5%	480,356	52.0%
	非流動負債	182,940	26.1%	154,266	17.5%	86,936	9.4%
	負債總計	519,287	74.1%	599,072	68.0%	567,292	61.5%
	股東權益總計	181,825	25.9%	282,459	32.0%	355,686	38.5%
	重要財務指標
	平均收現日數	6		5		13
	平均銷貨日數	112		68		61

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重要財務表現

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單位：新台幣億元
37.65%
36.53%
20.00 33.99% 34.39% 40.00%
20.68%
15.00 20.00%
14.09%
11.77%
6.94%
10.00 9.03 0.00%
7.13 7.03元 7.04元
4.81
4.80
5.00 3.95元 4.55 -20.00%
2.39 2.57
1.16元 4.22
1.60
2.23 2.58
0.79
0.00 -40.00%
2018年 2019年 2020年 2021年10月自結數
營收(H1, 35%) 營收(H2, 65%) 營業收入 毛利率 純益率 EPS
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Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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永續發展

供應鏈管理

偏鄉送暖

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ESG

員工關懷 提高資訊透明度

公司治理

Passion and Excellence in everything we create!

COPLUS Inc. Confidential

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科工廠 土地：27,359.57 ㎡ 建物：31,220.96 ㎡ 2021/08購入

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產能規劃實現藍海

產線 廠區 2022 目前 2023 Q3 安平廠 2 2 2 營運本部 建設中 2 4 科工廠

安平廠 土地：5,805.00 ㎡ 建物：3,646.00 ㎡

COPLUS Inc. Confidential

Passion and Excellence in everything we create!

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www.coplus.com.tw

巨鎧精密工業股份有限公司COPLUS INC. T +886 965386657 F +886 6 2610187 Mail：IR@coplus.com.tw A 70266台灣台南市新平路7號No. 7, Xinping Rd., South District, Tainan City, 70266, TAIWAN

Passion and Excellence in everything we create!

COPLUS Inc. Confidential