DELPHA — Investor Presentation 2017

Dec 12, 2017

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Delpha Construction Co., LTD.

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CONTENTS

1、Disclaimer

2、Company Profile

3、Management strategy

• 4、Development Plan

( a. Completed Building Project / b. Pre-construction Project

c. Urban Renewal)

• 5、Financial overview

DISCLAIMER

The estimated information referred in this presentation and the simultaneous release of relevant information is based on our Company's information derived from the Company data and the overall economic development.

Such estimated information will be subject to risks, uncertainties and inferences that will be partly out of our control and the actual results differ from these estimated information. This be may materially may due to various factors including but not limited to the increase in raw material costs, market demand, changes in various policies and ordinances, the financial and economic conditions and other risks beyond our Company's control.

The information provided in this presentation does not expressly or imply any representation as to its correctness, completeness or reliability nor does it represent a complete statement of our Company, the state of the industry or any subsequent major developments. The outlook for the future, response our Company so far the views for the future, for these views, the future if any changes or adjustments, our Company does not guarantee the correctness of the present information, and does not have the update or amendment presentation information content responsibility.

This presentation and its contents shall not be freely accessible to any third party without the written permission of our Company.

COMPANY PROFILE

1960

1964

1978

Established the predecessor, "Taiwan Belt Co., Ltd.“ Changed its name to "Delpha Canvas Co., Ltd.“ Reorganized as "Delpha Industrial Co., Ltd.“

Mainly engaged in the construction of national residences and office buildings for rental and sales and focusing on the construction of the business 1985 Changed its name to "Delpha Construction Co., Ltd.“ The stock formally traded on the market of Taiwan Stock Exchange Corporation Limited Assets amount to NT$849,434,000

October 12, 1995

Currently

Assets amount to NT$2,707,525,000

COMPLETED BUILDING PROJECTS

Year	Project name	Location	Product	Year	Project name	Location	Product
1979	Rongxing Garden	Zhongshan District, Taipei City	Residential	1986	Delpha Shanglin Park	Shilin District, Taipei City	Residential
1980	Jinhua Building	Songshan District, Taipei City	Business	1987	Yangming Quanyuan Villa	Beitou District, Taipei City	Residential
1981	Delpha Li Park	Zhongshan District, Taipei City	Business	1988	Great Waltz Double Star	Zhongher District, New Taipei City	Business
1981	Chun Wah Building	Songshan District, Taipei City	Business	1988	Delpha Central Park	SAR Taoyuan County	Business
1982	Louvre Palace	Zhongshan District, Taipei City	Business	1989	Athens Dynasty	Xizhi District, New Taipei City	Residential
1982	Carolyn Garden Building	Da'an District, Taipei City	Residential	1990	Delpha Landscape	Neihu District, Taipei City	Residential
1984	Zhong Xiao Nga Court	Da'an District, Taipei City	Business	1990	Chienfu Enterprise Building	Da'an District, Taipei City	Office
1985	Art Royal	Zhongshan District, Taipei City	Residential	1991	Monte Carlo	Beitou District, Taipei City	Residential
1985	Delpha Royal	Da'an District, Taipei City	Business	1991	Delpha Idealist	Datong District, Taipei City	Business

COMPLETED BUILDING PROJECTS

Year	Project name	Location	Product	Year	Project name	Location	Product
1992	Delpha UOB Monarch	Sanbei District, New Taipei City	Business	1998	Europe ritz garden	Neihu District, Taipei City	Business
1992	Delpha life home	Wenshan District, Taipei City	Residential	1999	Top of the world	Zhongshan District, Taipei City	Office
1993	Taiwan family	Banqiao District, New Taipei City	Business	2000	Terminal	Songshan District, Taipei City	Office
1993	Forbes Square	Xinyi District, Taipei City	Business	2001	Century Louvre	Zhongzheng District, Taipei City	Office
1994	Beautiful big lake	Neihu District, Taipei City	Residential	2008	Dialogues with nine maximum	Zhongshan District, Taipei City	Residential
1995	Delpha Villa	Neihu District, Taipei City	Residential	2008	Lutheran nine five	Xinyi District, Taipei City	Business
1997	Park Record	Neihu District, Taipei City	Residential	2010	Nine songs	Wenshan District, Taipei City	Residential
1997	Shin Kong Nanjing Technology Building	Zhongshan District, Taipei City	Office	2012	Reading green life	Neihu District, Taipei City	Residential Office
1998	Delpha Royal	Neihu District, Taipei City	Residential

RESIDENTIAL CLASSIC BUILDING

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RESIDENTIAL CLASSIC BUILDING

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OFFICE CLASSIC BUILDING

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MANAGEMENT STRATEGY

Management philosophy

The Company insists the spirit of "hard work, care for the earth" to provide high-quality, diversified living space for the construction of high-tech and humane high-level residential and office buildings to meet the needs of residential and office space and improve urban life Landscape as the goal.

Management objectives

Strengthen the operation of the industry, stabilize the financial structure, to maximize the value of shareholders and companies

Management outlook

• Full sales of “Reading green life" and other new residential office case

• Co build and sale in the Greater Taipei area and well-traffic land for the continued development

• In cooperation with the government's vigorous promotion of urban renewal, we actively participate

• in the renovation of urban areas in Greater Taipei City

Development plan

• ◎

• Completed building

「Reading green life」new office housing project

◎ ◎ Self-built

「 」 The urban green Street project

◎ ◎Co Build

「 」 Jade green project

• ◎

• Urban renewal

• 「 」、「 」 Taiyuan Road project Huai Sheng section project

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Project Base area Sale amount Location name (Ping)g)) (100 million NT$100 million NT$) Reading green Neihu District, 966 15 life Tai ei Cit p y Description： Product: residence and office Planning: 14 stories above ground and 4 stories basement Features :

Base area Sale amount Location (Ping)g)) (100 million NT$100 million NT$) Neihu District, 966 15 Tai ei Cit p y

• ◎Thousands of bases, 100-ping superior house planning

• ◎International Architecture P & T team

• ◎Sweet music architecture, sky tree garden

• ◎Sit in the trees, park, green space

Completed building project Reading green life

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Completed Building project Reading green life

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Base area Development Expected license Project Location method (Ping) schedule Da'an The urban 2018 District, Self-built 219 green Quarter 1 Tai ei Cit p y

Description：

Product: Pure residential Planning : On the ground 9 stories, 2 stories basement Features :

• Universities area, mansion living area, downtown quiet

• Anthropology, celebrity group

• Wonder expanse Park, school sports green space, the MRT nearby

Pre-Construction The urban green

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Pre-construction The urban green

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Project	Location	Development method	Base area(Ping)	Expected license schedule
Wuchang Street case	Zhongshan District, Taipei City	Co Building	283	In development

Description:

Product: Pure residential Planning: 7 stories above ground, 2 stories underground Features:

◎ Rongxing Park beside, with ten thousand Ping trees green

• Airport, MRT, Expressway will be traffic core

• Fu North living area, adjacent to the quality school district

Co Building Jade green Street

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Co Building Jade green Street

Expected license Project Location Base area(Ping) Product The current progress schedule Taiyuan Datong District, Business plan delivery 2019 671.55 Business Road case Taipei City Exhibition completed Quarter four

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Description：

Product: Market, Residential

Planning: 22 stories above ground, 5 stories underground

Features :

• The base is located at the center of the 「Western Gateway Project」

• The five transport hubs of the WCRC, Taipei Station, Taipei Transfer Station Airport MRT, crowds of diversion center

• Landmark building, close to the station before Dapeng Plaza and Taiyuan, Huayin district

Urban renewal Taiyuan Road

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Urban renewal Taiyuan Road

Project Location Base area(Ping) product The current progress Expected license schedule Huai Sheng Da'an District, The second quarter of 2018 Section 221.13 business Product positioning Taipei City Business plan submit project

Features:

• The core of Eastern Taipei , located in the best location

• Dual-mass transit, crowds, unlimited business opportunities

• Luxury homes, department stores everywhere, the major brands competing settled

• Combination of modern boutique, master design index building

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Urban Renewal Huai Sheng section
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Urban Renewal Huai Sheng section

FINANCIAL OVERVIEW - CONSOLIDATION

	Finance Accounting Standards	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS
Item	2012	2012	2013	2014	2015	2016	2017 thirdquarter
Assets	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000
Debt ratio (%)	47.82	55.55	60.95	64.53	49.34	39.07	38.95
Net book value per share	NT$12.12	NT$11.65	NT$11.39	NT$10.74	NT$13.25	NT$13.20	NT$12.10
Operating income	NT$256,407,000	NT$14,010,000	NT$602,996,000	NT$9,850,000	NT$3,220,299,000	NT$2,357,723,000	NT$68,121,000
Gross profit margin (%)	36.14	(0.65)	33.09	55.77	29.28	31.22	15.12
Net profit rate (%)	20.70	(199.57)	(7.90)	(1,879.21)	21.27	17.65	(120.90)
EPS	NT$0.20	(NT$0.07)	(NT$0.13)	(NT$0.65)	NT$2.59	NT$1.57	(NT$0.29)
Cash dividend distribution per share	NT$0.15	-	NT$0	NT$0	NT$1.60	NT$0.80	-

FINANCIAL OVERVIEW - INDIVIDUALS

	Finance Accounting Standards	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS
Item	2012	2012	2013	2014	2015	2016	2017 thirdquarter
Assets	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000	NT$2,707,525,000
Debt ratio (%)	54.52	48.89	56.14	60.68	46.44	33.64	32.59
Net book value per share	NT$12.12	NT$11.65	NT$11.39	NT$10.74	NT$13.25	NT$13.20	NT$12.10
Operating income	NT$261,890,000	NT$8,527,000	NT$597,336,000	NT$2,689,000	NT$3,212,791,000	NT$2,349,615,000	NT$62,486,000
Gross profit margin (%)	33.94	(65.37)	35.80	(62.00)	29.12	30.98	7.46
Net profit rate (%)	16.27	(205.02)	(5.89)	(6,470.70)	21.62	17.93	(125.01)
EPS	NT$0.20	(NT$0.07)	(NT$0.13)	(NT$0.65)	NT$2.59	NT$1.57	(NT$0.29)
Cash dividend distribution per share	NT$0.15	-	NT$0	NT$0	NT$1.60	NT$0.80	-

http://www.delpha.com.tw

http://www.delpha.com.tw