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ECLAT Interim / Quarterly Report 2021

Nov 9, 2021

51833_rns_2021-11-09_f0052fb1-40f1-4ff1-a2e0-9c87714ca8b0.pdf

Interim / Quarterly Report

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Investor Conference Eclat Textile Co., Ltd 2021.11.09

Safe Harbor Notice

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  • The content and related information in this briefing report and the synchronous announcement are sourced from ECLAT ’ s inner and outer material, including the operation result, financial situation and the business development, et cetera.

  • No financial forecasting is released by ECLAT. Discrepancy may be existed between the actual result in the future and the estimated opinion to the company operation and business developing subjects indicated in this briefing report with respect to the financial, business and Q&A part. The causes of the discrepancy may include the variation of market needs, price fluctuation, competition activities, international economic situation, exchange rate fluctuation, upper and downer stream supply chain, and any other risk factors that beyond ECLAT ’ s control.

  • ’

  • • The prospects to the future in this briefing report reflect ECLAT s vision of future. ECLAT is not responsible for any notification or update with regard to any change or adjustment to these prospects in the future.

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Contents

  • Company profile

  • Competitive advantage

  • Global strategy

  • Main products

  • Financial overview

  • Q&A

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Company Profile

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  • Year of establishment

1977

  • Capital

US$ 91,000,000 (TWD$ 2,744 million)

  • Chairman/CEO

  • C.H. Hung

  • Group employee

  • 1,800 employees Taiwan ; 15,200 employees overseas

  • Status

  • Main products

IPO in Taiwan Stock Market, 2001 (1476-Taiwan) Provide the vertical integration supply chain including knitting, dyeing, finishing, and garment making.

Specialize in functional elastic circular knitting fabrics and garments for performance and sportswear.

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Competitive Advantage

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  • Global strategy to shorten the lead-time and strengthen competition.

  • R&D Technicians attend to the task to provide more than 3,000 new fabrics per year.

  • Quick response to produce 150 pieces of sample per day.

  • Deeply collaborative development with the first tier international brand and built up a strategy partner relationship with our customers.

  • Advantage of production economies of scale and Vertical integration.

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Global Strategy

New Taipei City, Taiwan

  • Headquarter

  • Fabric mill bases

Taiwan and Vietnam 2

  • Garment factories

Vietnam and Cambodia 17

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Vertical Integration

Monthly capacity 15,000,000 yards

• Fabric mill

Taiwan 8,000,000 yards/month

Vietnam 7,000,000 yards/month

Monthly capacity 10,000,000 pieces

• Garment factories (17 factories)

  1. Total monthly capacity 5,200,000 pieces

Vietnam Eclat Textile Co., Ltd (Vietnam). Colltex Garment Mfy Co., Ltd (VN). E-Top (Vietnam) Co., Ltd. Tai-Yuan Garments Co., Ltd. Cambodia Eclat Textile (Cambodia) Co., Ltd.

  1. Sub-Contractor monthly capacity 4,800,000 pieces

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Supply Chain

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raw material
knitting
dye and
finishing
garment
customers
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Fabric Products

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Functional series Outdoor series Sustainable series Moisture Management Thermal control: warm & cool Tencel / Modal Rayon Anti-bacterial function Water proof & breathable Sorona & Apexa High compression Light weight knitting Organic cotton Lycra sport Wind block knitting Polypropylene Anti-pilling Knitting lamination Recycle fiber UV-cut Anti-snagging Soybean 3X dry UV-cut Sea cell

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Garment Products

Performance

Made with ecofriendly materials, organic & recycle polyester.

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Athleisure

Multi-function sportswear, from gym to street.

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Non- sew and welding Production both in Taiwan and Vietnam.

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Seamless

Design for the comfort.

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eclat.com.tw

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Customer Collaboration

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ODM

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Design research

Fabric development

Design sketch for yoga

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Design sketch for brands

End product

Design sketch for training

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Quality Control

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Four certified laboratories

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Certification

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bluesign

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ISO 14001
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nike

adidas

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Product Creative Center

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The process of P.C.C.

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2. Fabric development
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  1. Raw material - yarn

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3. Customized product design
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4. Pattern making
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5. Sampling - sewing
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6. Sampling - quality check
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Eclat Textile Co., Ltd. And Subsidiaries

Consolidated Statements of Comprehensive Income

(Expressed in Thousands of NTD, Except for EPS)

Operating revenue
Operating costs
Gross profit from operations
Operating expenses:
Selling expenses
Administrative expenses
Research and development expenses
Total operating expenses
Net operating income
Non-operating income and expenses:
Interest income
Foreign exchange gain(loss)
Finance costs
Share of loss of associates accounted for using equity
method,net
Other gains and losses
Profit from continuing operations before tax
Less: Tax expenses
Profit from continuing operations
Loss from discontinued operations, net of tax
Profit
Other comprehensive income:
Exchange differences on translation of foreign
financial statements
Total comprehensive income
Earnings per share (indollars)		 3Q21
(A)
8,058,797
6,071,979
1,986,818
441,917
303,155
42,788
787,860
1,198,958
8,207
9,085
(5,256)

(968)
10,816
21,884
1,220,842
257,854
962,988
0
962,988
(344)
962,644
**3.51 **		 %

100.00

75.35

24.65

5.48

3.76

0.53

9.78

14.88

0.10

0.11
(0.07)
(0.01)

0.13

0.27

15.15

3.20

11.95

0.00

11.95
(0.00)

11.94
 3Q20
(B)
%
7,374,600
100.00
5,163,363
70.02
2,211,237
29.98
303,448
4.11
256,426
3.48
35,967
0.49
595,841
8.08
1,615,396
21.90
2,805
0.04
(61,012)
(0.83)
(6,643)
(0.09)
(1,710)
(0.02)
15,855
0.21
(50,705)
(0.69)
1,564,691
21.22
311,610
4.23
1,253,081
16.99
(255)
(0.00)
1,252,826
16.99
(86,282)
(1.17)
1,166,544
15.82
4.56		 C=A-B
%(C/B)
684,197
9.28
908,616
17.60
(224,419)
(10.15)
138,469
45.63
46,729
18.22
6,821
18.96
192,019
32.23
(416,438)
(25.78)
5,402
192.58
70,097
114.89
1,387
20.88
742
43.39
(5,039)
(31.78)
72,589
(143.16)
(343,849)
(21.98)
(53,756)
(17.25)
(290,093)
(23.15)
255
100.00
(289,838)
(23.13)
85,938
99.60
(203,900)
(17.48)
(1.05)
(23.03)

Eclat Textile Co., Ltd. And Subsidiaries

Consolidated Statements of Comprehensive Income

(Expressed in Thousands of NTD, Except for EPS)

Operating revenue
Operating costs
Gross profit from operations
Operating expenses:
Selling expenses
Administrative expenses
Research and development expenses
Total operating expenses
Net operating income
Non-operating income and expenses:
Interest income
Foreign exchange loss
Finance costs
Share of loss of associates accounted for using
equity method,net
Other gains and losses
Profit from continuing operations before tax
Less: Tax expenses
Profit from continuing operations
Loss from discontinued operations, net of tax
Profit
Other comprehensive income:
Exchange differences on translation of foreign
financial statements
Total comprehensive income
Earnings per share (in dollars)		 2021Q1-
Q3(A)
26,065,040
18,992,507
7,072,533
1,260,416
875,383
122,052
2,257,851
4,814,682
13,992
(93,054)
(14,804)
(2,118)
62,492
(33,492)
4,781,190
935,804
3,845,386
0
3,845,386
(140,691)
3,704,695
14.02		 %

100.00

72.87

27.13

4.84

3.36

0.47

8.66

18.47

0.05
(0.36)
(0.06)
(0.01)

0.24
(0.13)

18.34

3.59

14.75

0.00

14.75
(0.54)

14.21
 2020Q1-
Q3(B)
%
18,849,824
100.00
13,595,935
72.13
5,253,889
27.87
943,417
5.01
771,161
4.09
106,683
0.57
1,821,261
9.66
3,432,628
18.21
21,028
0.11
(81,187)
(0.43)
(27,858)
(0.15)
(4,733)
(0.03)
31,006
0.16
(61,744)
(0.33)
3,370,884
17.88
710,003
3.77
2,660,881
14.11
(1,087)
(0.01)
2,659,794
14.11
(138,533)
(0.73)
2,521,261
13.37
9.69		 C=A-B
%(C/B)
7,215,216
38.28
5,396,572
39.69
1,818,644
34.62
316,999
33.60
104,222
13.51
15,369
14.41
436,590
23.97
1,382,054
40.26
(7,036)
(33.46)
(11,867)
(14.62)
13,054
46.86
2,615
55.25
31,486
101.55
28,252
(45.76)
1,410,306
41.84
225,801
31.80
1,184,505
44.52
1,087
100.00
1,185,592
44.57
(2,158)
(1.56)
1,183,434
46.94
4.33
44.69

Eclat Textile Co., Ltd. And Subsidiaries Explanation of Sales Revenue

Sales Revenue of the Group

Unit : NTD/million

500
1,000
1,500
2,000
2,500
3,000
3,500
4,000		 2021
A		 Accumulated
C		 YOY%
(A-B)/B		 YOY%
(C-D)/D		 2020
B		 Accumulated
D		 2019 Accumulated
JAN 2,783 2,783 21% 21% 2,301 2,301 2,415 2,415
FEB 2,324 5,108 29% 24% 1,807 4,108 1,611 4,027
MAR 3,112 8,219 64% 37% 1,902 6,011 2,218 6,244
APR 3,158 11,378 112% 52% 1,491 7,502 2,041 8,286
MAY 3,405 14,782 67% 55% 2,039 9,541 2,569 10,854
JUN 3,224 18,006 67% 57% 1,934 11,475 2,329 13,184
JUL 3,465 21,471 27% 51% 2,733 14,209 2,462 15,646
AUG 2,545 24,015 25% 48% 2,041 16,249 2,484 18,129
SEP 2,050 26,065 -21% 38% 2,600 18,850 2,257 20,386
OCT 2,535 28,600 -19% 30% 3,129 21,979 2,650 23,036
NOV 2,494 24,473 2,359 25,395
2021
2020
2019
DEC 3,702 28,175 2,730 28,125
total 28,175 28,125

Eclat Textile Co., Ltd. And Subsidiaries Explanation of Sales Revenue-Fabric

Sales Revenue of Fabric

Unit : NTD/million

200
400
600
800
1,000
1,200
1,400		 2021
2020
2019		 2021
A		 Accumula
ted
C		 YOY%
(A-B)/B		 YOY%
(C-D)/D		 2020
B		 Accumula
ted
D		 2019 Accumul
ated
JAN 1,002 1,002 84% 84% 544 544 585 585
FEB 717 1,719 55% 71% 462 1,005 398 983
MAR 984 2,704 53% 64% 644 1,649 635 1,617
APR 1,006 3,710 117% 76% 464 2,113 724 2,341
MAY 983 4,692 110% 82% 467 2,580 734 3,075
JUN 948 5,640 94% 84% 488 3,069 758 3,833
JUL 1,086 6,726 48% 77% 735 3,804 821 4,654
AUG 1,077 7,802 60% 74% 672 4,476 905 5,559
SEP 856 8,658 4% 63% 822 5,298 794 6,352
OCT 1,284 9,942 31% 58% 981 6,279 822 7,174
NOV 779 7,058 631 7,805
DEC 973 8,032 768 8,573

Eclat Textile Co., Ltd. And Subsidiaries Explanation of Sales Revenue-Garment

Unit : NTD/million

Sales Revenue of Garment


500
1,000
1,500
2,000
2,500
3,000		 2021
A		 Accumulat
ed
C		 YOY%
(A-B)/B		 YOY%
(C-D)/D		 2020
B		 Accumula
ted
D		 2019 Accumul
ated
JAN 1,781 1,781 1% 1% 1,757 1,757 1,831 1,831
FEB 1,607 3,388 19% 9% 1,346 3,103 1,213 3,044
MAR 2,127 5,516 69% 26% 1,259 4,362 1,583 4,627
APR 2,152 7,668 110% 42% 1,027 5,389 1,318 5,945
MAY 2,422 10,090 54% 45% 1,572 6,961 1,834 7,779
JUN 2,277 12,366 57% 47% 1,446 8,407 1,571 9,351
JUL 2,379 14,745 19% 42% 1,998 10,405 1,641 10,991
AUG 1,468 16,213 7% 38% 1,369 11,773 1,579 12,571
SEP 1,194 17,407 -33% 28% 1,779 13,552 1,463 14,034
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2021
2020
2019
OCT 1,251 18,658 -42% 19% 2,147 15,700 1,828 15,861
NOV 1,715 17,415 1,728 17,590
DEC 2,729 20,144 1,962 19,552

Thank you Q&A

Eclat Textile Co. Ltd

Head Office: 28, Wu Chuan rd., Wu Ku district, New Taipei City, Taiwan + 886-2-2299-6000 [email protected] eclat.com.tw

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