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FPC Investor Presentation 2025
51762_rns_2025-06-24_728cc5d6-4ddb-4257-91c2-1e64f4d93931.pdf
Investor Presentation
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Formosa Plastics Corporation
台灣塑膠工業股份有限公司
2025 Q1
Operation Performance Highlights
March 31, 2025
1
Revenue Breakdown by Product (IFRSs consolidated)
2024 Q1 Net Sales: NT$48 billion
2025 Q1 Net Sales: NT$47 billion
- PVC accounted for 20% and 22% of revenue in 2025 Q1 and 2024 Q1 respectively
- PE (HDPE/EVA/LLDPE) accounted for 18% and 20% of revenue in 2025 Q1 and 2024 Q1 respectively
- Specialty Chemicals (AN/MMA/MTBE) accounted for 9% and 8% of revenue in 2025 Q1 and 2024 Q1 respectively
- Revenue in 2025 Q1 fell 1.9% from 2024 Q1, mainly due to decreasing ASP of PVC, AE, EVA, NBA and MTBE & decreasing sales volume of all products except for EVA, NBA and MTBE
Operating Profits Breakdown by Product
Caustic Soda & Specialty Chemicals are the key profit contributors in 2025 Q1
2025 Q1 Operating Profits
Operating Margins
Note : Specialty Chemicals include AN, MMA and MTBE
Capacity Expansion Plan
| Location | Products | Current Company Capacity (p.a.) | Expansion (p.a.) | Completion Date | Investment (US$ mn) |
|---|---|---|---|---|---|
| Renwu, Taiwan | PVC | 1,338KMT | 10KMT | 2027Q2 | 4 |
| Linyuan, Taiwan | PVC | 1,373KMT | 15KMT | 2028Q1 | 3 |
| Mailiao, Taiwan | PVC | 1,383KMT | 35KMT | 2029Q4 | 10 |
| Texas, USA | 1-Hexene | - | 100KMT | 2025Q4 | 208 |
| Renwu, Taiwan | Carbon Fiber | 7,650MT | 1,600MT | 2026Q1 | 116 |
Consolidated Revenue (IFRSs)
- Revenue in 2025 Q1 fell 6.2% from 2024 Q4 mainly due to decreasing sales volume of all products except for Caustic Soda, EVA, NBA, MTBE, MMA and decreasing ASP of PVC, MMA
Pre-tax Income
- Pre-tax income improved in 2025 Q1 from 2024 Q4 mainly due to
- (1) increasing operating income
- (2) increasing investment income from FPCC and FPC-USA