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F.T.C Investor Presentation 2026
51797_rns_2026-05-28_d1896fef-bec4-4e6d-b02e-52f068c266cd.pdf
Investor Presentation
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Investor Conference
Formosa Taffeta Co., Ltd.
May 29, 2026
Disclaimer
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The information contained in the document, other than number and data of financial reports, has not been audited or reviewed by any accountant or any independent third party. FTC does not ensure the fairness, completeness and accuracy of the information.
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This document may contain forward-looking statements, including but not limited to statements that address activities, events or developments that FTC expects or anticipates to occur in the future. All statements are based on FTC plans and best knowledge toward the future while subject to various factors and uncertainties beyond FTC's control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.
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This document does not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments.
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This material must not be copied, reproduced, distributed or passed to others at any time, in whole or in part, without the prior written consent of FTC.
Agenda
I. Business Performance
II. Product Development
III. Operation Orientation
IV. Q&A
01. Business Performance
1
Consolidated Income Statement
| Unit: NT$1,000 | Twelve months ended December 31 | Three months ended March 31 | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | Variance | 2026 | 2025 | Variance | |
| Sales revenue | 27,543,789 | 28,715,705 | -4% | 6,979,321 | 7,687,773 | -9% |
| Net operating margin | 3,080,805 | 3,071,837 | 0% | 780,112 | 865,474 | -10% |
| Net margin | 11% | 11% | 11% | 11% | ||
| Operating profit | 741,711 | 660,581 | 12% | 198,663 | 272,987 | -27% |
| Operating profit Margin | 3% | 2% | 3% | 3% | ||
| Non-operating income and expenses | 320,112 | 992,986 | 187,492 | 31,483 | ||
| Profit before income tax | 1,061,823 | 1,653,567 | -36% | 386,155 | 241,504 | 60% |
| Profit for the period from continuing operations | 865,250 | 1,490,185 | -42% | 336,603 | 187,073 | 80% |
| Rate of profit for the year | 3% | 5% | 5% | 2% | ||
| Earnings per Share | 0.51 | 0.89 | 0.20 | 0.11 |
2
Comparison of Revenues and Profit/Loss by Business Segment
Unit: NT$1,000
Unit: NT$1,000
A decrease of NT$ 0.708 billion (9%) in consolidated revenue from January to March, 2026—NT$ 6.979 billion, compared to that of 2025—NT$ 7.687 billion.
- Disadvantageous difference in sale price of NT$ 0.183 billion: a result of an increase of NT$ 0.017 billion of the 1st Business Segment, a increase of NT$ 0.017 billion of tire cord fabric, a decrease of NT$ 0.138 billion of oil product business division, an increase of NT$ 0.079 of other business divisions.
- Disadvantageous difference in sale quantity of NT$ 0.525 billion: a result of an decrease of NT$ 0.397 billion of the 1st Business Segment, a decrease of NT$ 0.133 billion of tire cord fabric, a decrease of NT$ 0.103 billion of oil product business division, and an increase of NT$ 0.108 billion of other business divisions.
| 1st Business Segment | Tire Cord Business | Oil Product Business | Others (including elimination adjustments) | Total | |
|---|---|---|---|---|---|
| Sales | -10% | -15% | -9% | 7% | -9% |
| P/L | 25% | 61% | 13% | -30% | 60% |
Products Breakdowns by Production Bases as of the end of March, 2026
Filament Woven Fabrics of 1st Business Segment
Polyamine/Polyester Tire Cord Fabric of 2nd Business Segment
Petroleum goods/service of 2nd Business Segment
4
Sales Volume Breakdown of Polyamide/Polyester Woven Fabrics as of the end of March, 2026
Breakdown by sales volume:
Breakdown by customer category:
| Item | Customer | Sales Volume |
|---|---|---|
| Sports | Nike | 19% |
| adidas | 16% | |
| PUMA | 3% | |
| Others | 6% | |
| Outdoors | Columbia | 19% |
| The North Face | 6% | |
| Patagonia | 3% | |
| Others | 14% | |
| Fashion & Leisure | lululemon | 5% |
| Pertex | 2% | |
| L.L.Bean | 1% | |
| Others | 3% | |
| Umbrella Fabrics | 3% |
5
Sales Volume Breakdown of Polyamide/Polyester
Tire Cord Business as of the end of March, 2026
Breakdown by product:
Breakdown by sales area
| Area | Sales Volume |
|---|---|
| South-east Asia | 58% |
| Taiwan | 32% |
| India | 4% |
| North-east Asia | 2% |
| China | 1% |
| Europe | 1% |
| U.S.A | 1% |
| Others | 1% |
Cash Flow Statement
| Unit: NT$1,000 | Three months ended March 31 | |
|---|---|---|
| 2026 | 2025 | |
| Cash and cash equivalents at beginning of period | 3,227,056 | 3,524,678 |
| Net cash flows from operating activities | -119,531 | 326,563 |
| Net cash flows used in investing activities | -311,021 | -99,581 |
| Net cash flows used in financing activities | 305,446 | -40,819 |
| Effect of foreign exchange rate | 112,854 | 40,062 |
| Cash and cash equivalents at end of period | 3,214,804 | 3,750,903 |
| Free cash flow* | -342,503 | 225,855 |
*Free cash flow = Net cash flows from operating activities - Capital Expenditures
| Unit: NT$ | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash Dividend | 0.5 | 0.8 | 0.5 | 1.5 | 1 |
*The Company has long adopted a prudent dividend distribution policy, primarily in the form of cash dividends.
The payout ratio is generally linked to the profitability of the current year, while maintaining a stable level of shareholder returns overall.
FORMOSA TAFFETA
FORMOSA TAFFETA
R&D NEW DEVELOPMENT
FORMOSA TAFFETA
Table of Contents
01
Textile-to-Textile Sustainable Fabric
02
Long & Short Staple Composite Yarn-Dyed Fabric
03
Sustainable Polyester Stretch Comfort Fabric
04
Eco-Friendly Recycled Faux Leather Fabric
05
Anti-Sweat-Mark, Low Show-Through & Durable UV Protection Fabric
06
Cotton-Like Stretch Fabric
07
eSMORE-TEX® New Production Line Launch Ceremony
FORMOSA TAFFETA
Textile-to-Textile Sustainable Fabric
Textile-to-Textile (T2T) recycled fabric is made from discarded garments, transforming post-consumer textile waste into valuable raw materials through advanced recycling technologies. This enables a true garment-to-garment circular system, where used apparel is reborn into new textiles.
Leveraging decades of textile innovation and manufacturing expertise, Formosa Taffeta is actively advancing next-generation circular material solutions that help reduce carbon emissions, conserve resources, and support long-term sustainability goals. By integrating performance, responsibility, and innovation, we are driving the future of sustainable textiles and contributing to global ESG commitments.
8
FORMOSA TAFFETA
Long & Short Staple Composite Yarn-Dyed Fabric
Utilizing advanced equipment and innovative manufacturing techniques, we combine mechanical stretch long-filament yarns with Micro Modal short fibers to create a premium composite yarn that delivers a natural handfeel with excellent flexibility and comfort. Enhanced by a yarn-dyed process and unique woven construction, the fabric showcases a sophisticated mélange tweed-inspired appearance.
Blending comfort with contemporary style, this fabric offers an elegant overall texture and refined aesthetic. Ideal for premium women's fashion apparel applications.
FORMOSA TAFFETA
Sustainable Polyester Stretch Comfort Fabric
Formosa collaborates with upstream material partners to co-develop an advanced recycled polyester stretch yarn with enhanced resilience. Combined with our proprietary air-texturing technology, this high-performance fabric delivers lasting stretch, wicking, and quick-dry performance, and a soft, comfortable handfeel.
Stretch +10% / Wicking +15%
Compared with comparable fabrics, both stretch recovery and moisture management are significantly improved.
UPF 100+
Excellent UV protection.
☑ Certified to meet LYCRA® and COOLMAX® performance standards. Ideal for sportswear, casualwear, and outdoor apparel applications.
11
FORMOSA TAFFETA
LEATHER-LIKE
Eco-Friendly Recycled Faux Leather Fabric
Crafted with sustainable materials, this fabric features a refined leather-like appearance with embossed animal-grain texture detailing. It combines a soft, lofty handfeel, comfortable wearability, and a naturally sophisticated look. An ideal choice for casual fashion apparel applications.
FORMOSA TAFFETA
Anti-Sweat-Mark, Low Show-Through & Durable UV Protection Fabric
Utilizing our specially engineered recycled functional yarn, this fabric achieves outstanding UPF 50+ protection and UVA transmission below 5% without the use of additional UV-blocking additives. Its sun-protection performance remains durable and is not affected by repeated laundering.
In addition, the fabric offers anti-sweat-mark performance, reduced show-through, comfortable stretch, and moisture management. With a naturally soft visual appearance, it is an excellent choice for outdoor, casual, and activewear applications.
FORMOSA TAFFETA
Cotton-Like Stretch Fabric
By utilizing advanced air-texturing technology and combining durable nylon with spandex stretch yarns, we create a high-performance yarn that delivers a cotton-like handfeel with outstanding comfort and flexibility. Through refined weaving and dyeing processes, this fabric is developed into a premium cotton-like stretch woven fabric.
It offers the strength and abrasion resistance of nylon, together with the soft, lofty touch of cotton. With excellent stretch, all-day comfort, and a natural appearance, it is designed for versatile wear.
Wicking or water-repellent finishes can be applied upon request. Ideal for sportswear, outdoor, and casual pants applications.
FORMOSA TAFFETA
2026.03.20 | Mill Site
eSMORE-TEX® New Production Line Launch Ceremony
The world's first nylon electrospun waterproof, moisture-permeable, and air-breathable technology has officially entered production. Formosa Taffeta's General Manager, Executive Vice President, and senior leadership jointly d the ribbon-cutting ceremony to mark this important milestone.
Official Start of New Production Line
The eSMORE-TEX® production line is now in operation, demonstrating Formosa Taffeta's continued commitment to innovation and sustainable transformation.
World-First Technological Breakthrough
As the world's first nylon electrospun waterproof, moisture-permeable, and air-breathable technology, eSMORE-TEX® significantly enhances the balance of sustainability and performance, opening a new chapter for mono-material circular applications.
Strengthening Global Market Leadership
Further reinforcing Formosa Taffeta's leading position in the global performance textile market, eSMORE-TEX® drives industry advancement through continuous innovation.
Driving the Future with Innovation, Opening New Horizons with Technology
03. Operation Orientation
Financial Stability / Brand Enhancement
Dividend Policy
Since 1985, the company has distributed dividends for 43 consecutive years, with cumulative cash dividends of NT$67.2 per share. Over the past five years, the average cash dividend yield has been 3.88%.
Brand Trust
Highly trusted by world-renowned brands, with partners including adidas, NIKE, PUMA, Lululemon, COLUMBIA, L.L.Bean, THE NORTH FACE, UNIQLO, and many more.
Circular Sustainability
By promoting sustainable materials, we continuously increase the use of recycled materials, and combined with the adoption of green electricity, we are gradually implementing a comprehensive carbon reduction roadmap.
FTC is committed to maintaining sound financial health based on prudent management while consistently generating stable profits. At the same time, the company adopts a conservative dividend policy to ensure that business results are shared with shareholders. FTC also actively invests in R&D and green transformation, promoting sustainable growth, enhancing corporate value and long-term competitiveness, thereby achieving a win-win outcome for both the company and its shareholders.
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Production Base
| Area | 2026 Capacity Expansion Projects | Annual Total Production Capacity (ten thousand yard/year) | Investment Amount (in thousands of NT$) | Completion Date |
|---|---|---|---|---|
| Taiwan | Production Line for Polyurethane-Based Waterproof and Breathable Membranes (eSMORE-TEX®) | 26.4 | 74,115 | Completion and Opening |
| Vietnam | High-Performance Breathable Waterproof Coating & Lamination Production Line(Tay-ninh) | 656 | 358,738 | 2026/07 |
| Replacement of Obsolete Weaving Machines(Tay-ninh) | 1,638 | 226,617 | 2026/07 |
Gas Stations: The Taichung Wuri Station is scheduled to open in June, and the Pingtung Checheng Station is scheduled to open in July. The network will expand from 105 stations to 107 stations. The Company continues to enhance the service quality and fueling convenience of the Formosa Petrochemical APP, making it more accessible for the public.
5
ESG Highlights and Awards
| 21st Century Foundation the High Distinction Award for Net Zero Competition | SCIENCE BASED TARGETS Validation of Science Based Targets initiative, SBTi | CDP Carbon Disclosure Project Climate change – A List Water security- A List |
|---|---|---|
| 兩業順利 2025 碳·碳爭力 100 綠色企業 減碳強育-福懋興業 台灣紡織業減碳領跑者 | SGS ESG Awards Water Resource Management Resource Circulation Excellence Ministry of Environment Resource Circulation Excellence – Silver Award | 福懋興業股份有限公司 FORMOSA TAFFETA CO., LTD 榮獲 2025綠色企業 中華民國有機生活環境教育推廣協會 Green Enterprise Label of the Organic Living Environment Education Promotion Association |
合潮企業
FORMOSA PLASTICS GROUP
BEYOND TEXTILES
BEYOND TOMORROW
Formosa Taffeta Co., Ltd.
敬請指教
Thank You!