DE LICACY — Investor Presentation 2018

Dec 24, 2018

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2018/12/25

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http://www.delicacy.com.tw

Outline

Ⅰ. About De Licacy Ⅱ. Vietnam De Licacy Ⅲ. Finance

Ⅳ. Diverse Investment Ⅴ. Focus Management

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About De Licacy - History

1982 De Licacy was founded in summer.

1984 Operation was fully streamlined by adding preparation-stage equipment. 1987 Officially entered into the weaving and dyeing of staple fibers.

1987 Actively expand export business and got away from OEM business. 1988 Branched out into weaving and dyeing of synthetic and staple fibers. 1996 Shares were traded in Taiwan Stock Market in January.

1999 Got Europe’s “Oeko-Tex Standard 100” environmental certification. 2006 Coating & Lamination factory was established. 2014 Elected Mr. Chia-Ming Yeh as the president.

2015 the board of directors passed the major resolution to Vietnam investment. 2016 joint venture with Tainan Enterprises Co., LTD for garment factory. 2017 Cooperative investment with Hong Kow Paper Transfer Printing in June for Vietnam printing factory and enter printing business.

2018 Vietnam ATAGO garment factory started construction in November.

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1

About De Licacy – Organization Chart

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DL
2006.Q4 2014.Q2 2014.Q4
TUNG MING CHADTEX LUCKY UNIQUE
TEXTILE CO., INDUSTRIAL ENTERPRISE
LTD CO., LTD CO.,LTD.
2006.Q2
2014.Q4 2015.Q4 2018.Q4
Delicacy,
Apex Textile Delicacy, Apex (Anqing)
Hangzhou Co., Zhejiang Vietnam TEXTILE CO.,LTD
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2

About De Licacy – Distribution

Sales Division

TAIPEI OFFICE

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SHANGHAI OFFICE

Facilities in TAIWAN

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DL, TAINAN

TUNG MING ,

TAOYUAN

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CHADTEX TAINAN

LUCKY UNIQUE TAINAN

Facilities in Oversea

DL, Hangzhou

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Apex Textile, Zhejiang

DL, Vietnam

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3

Vietnam De Licacy

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The new business of De LicacyGroup.

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Creating the third production base besides Taiwan and China.

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4

Vietnam De Licacy – Location

Binh Duong Province, Vietnam 70km away from Ho Chi Minh City My Phuoc 5 IP Square Measure 228,635 m2

5

Vietnam De Licacy – Company History

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Location Construction Launch Now
2015 2016 2017 2018
In November, selected Producing woven
Started Vietnam Vietnam De Licacy
factory location in Binh fabrics, and start to
De Licacy factory factory launched.
Duong Province, work on garment
construction.
Vietnam. factory plan.
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4

Vietnam – De Licacy Equipment and Capacity

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Vietnam De Licacy – Future Plan

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Vietnam De Licacy – Future Plan

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Vietnam – De Licacy Factory Introduction

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Vietnam – De Licacy Administration Building

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Showroom

Administration Building

Lobby

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Vietnam – De Licacy Employee Living Area

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Recreation Area
Living Area
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Vietnam – De Licacy Equipment Factory 1, Factory 4

Winding, Twisting, DTY False Twisting, ATY False Twisting

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Drawing, Air Jet Weaving Machine

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Drawing, Warping, Beaming, Sizing

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Vietnam – De Licacy Equipment : Factory 5, Factory 6

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Warping, Sizing

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Water Jet Weaving Machine, Greige Inspection

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Vietnam – De Licacy Equipment : Factory 7 1F

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Dyeing and Finishing, Inspection and Package, Storage Yarn Dyeing, Rewinding Machine

Pre-Shrinking, Brushing, Shearing, Cire

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Vietnam – De Licacy Equipment : Factory 7 2F

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Physical-Mechanical Test Room, Filament Yarn Laboratory, Color Matching Room Dyestuff Auto Weighting System Dyestuff Auto Transporting System

Staple Yarn Laboratory, Handloom, Winding

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Vietnam De Licacy – Garments

Integration of manufacturing from yarn twisting to garment making

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Financial Abstract- Combined Annual Revenue/ Gross Profit

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90 18.79% 18.82% 20.00%
18.39%
18.00%
80
14.19% 16.00%
14.86%
70
14.00%
60
11.76%
： 12.00%
50
：
71.28 10.00%
56.85
40
8.00%
75.5
79.3
45.89
30
44.27 6.00%
20
14.9 4.00%
13.11 14.19
8.1
10 6.6
5.4 2.00%
0 0.00%
20122012年 20132013 年 20142014 年 20152015 年 20162016 2017年 2017年
營收revenue 毛利gross profit 毛利率gross profit rate
Dollar
Unit
100 (%)
NT$ 100 million
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Financial Abstract - Combined Monthly Revenue

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900
854
839
819
800 808
800 764
710
691 703 701
700
563
600 2012
2013
500
2014
2015
400
2016
2017
300
2018
200
100
0
1 月 2 月 3 月 4 月 5 月 6 月 77 月 8 月 9 月 10 月 11 月 1212 月
16
Dollar: NT$ 100 million
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Financial Abstract- Capital Expenditure

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2,500,000
1,976,532
2,000,000
1,600,164
：
1,500,000
937,534
1,000,000 889,677
500,000
358,352
119,324 122,537 102,034 138,652
0
20102010 2011 年 2011 年 20122012 年 20132013 年 20142014 年 20152015 年 20162016 2017 2018Q3 年 2017 年 2018 年 Q3
Year
Dollar
NT$ Thousand
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Capital Expenditure= Cash flow to acquire real estate, factories, equipment+ payables on equipment+ intangible assets+ long-term payables on lease payment

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Diverse Investment
Private Equity
HSL
China
4.845%
(Start-up)
Shanghai
100%
14.67%
Apex (Anqing) Invest
for NTD 500 million Residence and
DL Commercial
office
50%
100%
Vietnam
(Start-up)
Shanghai
100%
Lansheng
Nutransfer
49% 50%
Building to lease
(Vietnam)
Office
100%
International Co.,
30%
Ltd.
Vietnam
Zhejiang
(Start-up)
Cambodia
Establish
(GM FACTORY) Vietnam
Deli Star Changxing Apex
JEI JOM ENTERPRISE (Planning) International Ltd. Textile Co.
Vietnam
CO., LTD Cooperative US$ 2.5 million
-
Cooperative (Start up) Garment Partner:
Partner: ATAGO Factory Samsung,
Tainan Enterprises Indonesia
Garment
Co., LTD
Factory 18
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Focus Management

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22

Thank You!

De Licacy