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FPC Investor Presentation 2025
51762_rns_2025-03-27_59d90078-81a6-4aaf-b92a-cae57c3c534b.pdf
Investor Presentation
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Formosa Plastics Corporation
台灣塑膠工業股份有限公司
2024 Q4
Operation Performance Highlights
December 31, 2024
Revenue Breakdown by Product (IFRSs consolidated)
2023 Q4 Net Sales: NT$48 billion
2024 Q4 Net Sales: NT$50 billion
- PVC accounted for 22% and 24% of revenue in 2024 Q4 and 2023 Q4 respectively
- PE (HDPE/EVA/LLDPE) accounted for 19% and 21% of revenue in 2024 Q4 and 2023 Q4 respectively
- Specialty Chemicals (AN/MMA/ECH/MTBE) accounted for 9% and 8% of revenue in 2024 Q4 and 2023 Q4 respectively
- Revenue in 2024 Q4 rose 5.4% from 2023 Q4, mainly due to increasing ASP of Caustic Soda, LLDPE, MMA and ECH & increasing sales volume of PVC, AE, EVA, NBA, SAP, AN and PP
Operating Profits Breakdown by Product
Caustic Soda is the key profit contributors in 2024 Q4
2024 Q4 Operating Profits
Operating Margins
Note : Specialty Chemicals include AN, MTBE, MMA and ECH
Capacity Expansion Plan
| Location | Products | Current Company Capacity (p.a.) | Expansion (p.a.) | Completion Date | Investment (US$ 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 | 2025Q2 | 116 |
Consolidated Revenue (IFRSs)
- Revenue in 2024 Q4 fell 0.3% from 2024 Q3 mainly due to decreasing sales volume of AE, LLDPE, NBA, AN, MTBE, MMA and decreasing ASP of all products except for Caustic Soda, ECH
Pre-tax Income
- Pre-tax income improved in 2024 Q4 from 2024 Q3 mainly due to
(1) increasing operating income
(2) increasing investment income from FPCC and Fujian Fuxin Special Steel Corporation
