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Highwealth Investor Presentation 2021

Nov 24, 2021

52150_rns_2021-11-24_69998ebc-6546-44c4-887f-0dc532e7ca5e.pdf

Investor Presentation

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2021 Investor Conference

Nov. 24, 2021

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Disclaimer
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  • The prospective information referred to in this briefing and the relevant information released at the same time are based on Company information and the observation of overall economic development conditions.

  • Such prospective information is subject to risks and uncertainties and may be beyond our control. Actual results may differ materially from such prospective information. The reason may come from a variety of factors including, but not limited to, increases in material costs, market demand, various policy and financial economy changes, and other risk factors beyond the control of this Company.

  • The information provided in this briefing does not explicitly or implicitly express or ensure the accuracy, completeness, or reliability of such information and does not represent a complete theoretical discussion of this Company, its industry conditions, or subsequent major development directions. It only represents our outlook for the future and reflects our vision for the future thus far. It only represents our outlook for the future and reflects our vision for the future thus far. For any future modifications or adjustments of such views, “The Company” does not guarantee the accuracy of the briefing information and shall not bear responsibility for the updated or revised information content of the briefing.

  • This briefing may not be obtained by any third party without the written consent of this Company.

2

[Highwealth Construction ] Sales Report (including Boyuan and Chyiyuh) Vice President Zhao-Xiong Liao

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2020 Land Purchased Amount
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Area Project Name Location Base Dimension
(ping)
Total Sellable
Amount
(NT 100 million
Dollars)		 Development
Method
Land
Purchased
Cost
(NT 100 million
Dollars)		 Regional
Rate
13.50%
86.50%

100%
Taoyuan Chunglu 5th 53 Chunglu 1st Section,
Taoyuan District		 2,327.57 82.99 Buy and Sell 24.90
Taichung Huiguo 90 Huiguo Section, Xitun
District		 2,593.47 245.21 Bid 83.76
Huiguo 88 Huiguo Section, Xitun
District		 920.07 84.25 Buy and Sell 32.20
Ji Fan Xi Huimin Section, Xitun
District		 938.00 73.00 Buy and Sell 43.56
Bo Jin Ai Yue Huimin Section, Xitun
District		 914.93 100.78
Total
5 cases		 7,694.04 pings 58.623 billion 18.442 billion

4

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2021 Land Purchased Amount (as of Q3)
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Area Project Name Location Base Dimension
(ping)
Total Sellable
Amount
(NT 100 million Dollars)		 Development
Method		 Land Purchased Cost
(NT 100 million Dollars)
Regional Rate
Great Taipei Gongjian Section Gongjian Section, Shiji District 14473.64 225.80 Joint construction - -
Fudu 6 Subsection 1, Fuduxin Section,
Xinzhuang District		 3279.76 176.56 Buy and Sell 85.27 32.03%
Taoyuan Shanji 2nd 47 Shanji Section, Guishan District 2580.80 137.59 Buy and Sell 39.69 24.01%
Xingshan 440
(Chyiyuh)		 Xingshan Section, Dayuan District 2284.85 59.48 Bid 24.23
Taichung Huishun 3rd119 Huishun Section, Xitun District 728.16 53.44 Buy and Sell 17.91 38.10%
Zhong-Gang
Huiming 2nd7		 Huimin Section, Xitun District 907.10 153.80 Buy and Sell 28.57
Huimin Section, Xitun District 400.46 Buy and Sell 12.76
Huimin Section, Xitun District 400.46 Buy and Sell 10.20
Huishun 11
(Chyiyuh)		 Huishun Section, Xitun District 1133.53 97.47 Buy and Sell 31.97
Kaohsiung Xinxing Section Subsection 4, Xinxing Section,
Xinxing District		 689.10 58.29 Buy and Sell 15.61 5.86%
8 cases 26877.86 pings 96.243 billion 26.621 billion 100%

5

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2021 Newly Completed Projects
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Area Project Name Location Base Dimension
(pin)		 Total Sales Amount
(NT 100 million Dollars)		 Sales Rate
Great Taipei Highwealth Dayue Banciao District 1175.74 33.64 93.89%
Taoyuan Shihsanho Chungli District 1643.31 38.72 90.90%
Hsinchu Chuko Yueyang East District 4063.99 52.76 85.71%
Taichung Bokolai Nantun District 1095.30 51.72 100.00%
Tainan Shendong City Rende District 3825.91 73.09 100.00%
Kaohsiung Poai Shenhsieh Zuoying District 483.40 29.75 85.67%
Meishu Dayue Sanmin District 2159.08 48.89 96.31%
Total 7 cases 32.857 billion

6

2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)		 2021 Sales of
Residue Units (as
of Q3)
Area Project Name Location Sales of residue
units amount
(NT 100 million Dollars)		 Subtotal
(NT 100 million
Dollars)		 Sales
Rate		 Area Project Name Location Sales of residue
units amount
(NT 100 million Dollars)		 Subtotal
(NT 100 million Dolla		 rs) Sales
Rate
Great Taipei Kuoja No. 1 Linkuo District 0.01 16.84 59.67% Tainan/
Kaohsiung		 Poyue Anpin District 2.12 4.47 15.84%
Times Square Taipei Chungshan District 2.32 Kuowang Castle Gushan District -
Shunghuhui Neihu District 6.88 Yishu Castle Gushan District -
Kuowang No. 1 Linya District -

Haiyang Doshin		 Danshui District 0.33
Huarenhui Gushan District 0.54

Chungyan A+		 Shiji District 4.07
Minsheng Xiangxie Quanjin District 0.23
Highwealth Manor Shiji District 1.60
Highwealth Dayue Linya District -
Jishi Castle
 Xinzhuang District 0.17 Yuechen Zuoying District 1.58
Chungshan Kaiyan
(Boyuan)		 Chungshan District 1.46 Total 2.822 billion 2.822 billion 100%
Taoyuan/
Hsinchu		 Giant Chubei City - 0.00 0.00% 7
Park No. 1 Chubei City -
Taichung Baida Fuyi Xitun District 0.09 6.91 24.49%
Siji Tianyuan Xitun District -
Hengyong Xitun District 0.52
Kuoja No. 1 Taichung Xitun District 0.84
Holiwon Castle Xitun District 2.23
Holiwon Legand Xitun District -
Wenhuahui Xitun District 0.21
Shuhoyuan Nantun District 0.33
Jinai Xitun District 0.17
Poshi Nantun District 2.52

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Online Sales Project (as of Q3)
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Area Project Name Location Sellable unit/
parking
Total Sales Amount
(NT 100 million Dollars)		 Sales Rate Sold Amount
(NT 100 million Dollars)		 Regional
Rate
Great Taipei Highwealth Dayue Yuncui Section,
Banciao District		 248/258,2 storefronts 33.64 93.89% 31.59 9.17%
Taoyuan/
Hsinchu		 Shihsanho Qingxi Section,
Chungli District		 345/445 38.72 90.90% 35.20 10.21%
Taichung The Summit Huishun Section,
Xitun District		 464/471,2 storefronts 85.52 88.73% 75.88 55.02%
TOP1 Global Trading
Center		 Huian Section,
Xitun District		 134/313,4 storefronts 48.98 86.27% 42.26
Yang Xing Dian Xitun Section,
Xitun District
351/363,8 storefronts		 54.52 60.95% 33.23
Shicheng Aiyue Huian Section,
Xitun District		 1244/1258
(Highwealth owns 28.45%)
39.43		 96.92% 38.21
Tainan/
Kaohsiung		 Aichinhai Yukuan Section,
AnpingDistrict		 786/693,9 storefronts 60.89 97.92% 59.62 25.60%
Kaohsiung CBD Lindeguan Section,
Linya District		 132/174,2 storefronts 28.48 63.90% 18.20
Museum One Chinhai Section,
Kushan District		 769/777,9 storefronts 174.40 5.97% 10.40
Total 9 cases 56.458 billion 34.459 billion 100%

8

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2021 Online Sales Status (as of Q3)
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Area Project Name Location 2021 Sales
Amount
(NT 100 million
Dollars)		 Subtotal
(NT 100 million
Dollars)		 Regional
Rate		 Area Project Name Location 2021 Sales
Amount
(NT 100 million
Dollars)		 Subtotal
(NT 100 million
Dollars)		 Regional
Rate
Great
Taipei		 Highwealth Dayue Banciao
District		 5.50 30.66 13.95% Tainan/
Kaohsiung		 Aichinhai Anpin
District		 15.89 42.13 19.16%

Fujiangcui		 Banciao
District		 5.12 Poai Shenhsieh Zuoying
District		 0.19
Highwealth Daho Banciao
District		 20.04 Kaohsiung CBD Linya
District		 5.16
Taoyuan/
Hsinchu		 Shihsanho Chungli
District		 25.26 25.77 11.72% Highwealth Poai Sanmin
District		 0.96
Huayue City Kuishan
District		 0.06 Meishu Dayue Sanmin
District		 0.63
Chuko Yueyang East
District		 0.45 Aichungho Left
Bank		 Quanjin
District		 8.90
Taichung Bokolai Nantun
District		 0.70 121.28 55.17% Museum One Gushan
District		 10.40
Munghuan City Wuji
District		 2.20 Total 19 cases 21.984 billion 21.984 billion 100%
The Summit Xitun
District		 74.84
TOP1 Global
Trading Center		 Xitun
District		 3.22
Yang Xing Dian Xitun
District		 33.23
Shicheng Aiyue Xitun
District		 7.09

9

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–
2021Q4 2022 Estimated Promoted Projects
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Area Timeline for
Project
Launch		 Project Name
(temporary)		 Location Sellable
unit/parking		 Total Sales
Amount
(NT 100 million Dollars)		 Product
Type		 Number of
pings		 Unit Price
(NT 10 thousand dollars)		 Regional Rate
Taoyuan/
Hsinchu		 2022 Shanji 2nd 47 Shanji Section,
Guishan District		 1088/1112
36 storefronts		 137.59 First time
purchase,
house changing		 26–43 pings Storefront 65~75
Residence 38~42		 22.35%
Taichung Bo Jin Ai Yue Huimin Section,
Xitun District		 270/339
1 storefront		 100.78 Luxury housing 48–66 pings - 36.92%
Ji Fan Xi Huimin Section,
Xitun District		 383/395
1 storefront		 73.00 First time
purchase,
house changing		 22–36 pings -
Huishun 3rd119 Huishun Section,
Xitun District		 330/376
4 storefronts		 53.44 First time
purchase,
house changing		 22–36 pings -
Tainan/
Kaohsiung		 2021 Q4 Bo Ai Yue Fushan Section,
Zuoying District		 574/380
6 storefronts		 65.00 First time
purchase		 20–35 pings Residence 35~39 40.73%
Zhongzheng One Qianjin Section,
Qianjin District		 590/282 47.22 First time
purchase		 16–35 pings Residence 33~38
2022 Ba Li He Left Bank Poshao Section,
Quanjin District		 604/394 69.30 First time
purchase		 - -
Sen Yue Shindo Section,
Sanmin District		 146/204
3 storefronts		 41.20 First time
purchase		 - -
Xindu 310 Shindo Section,
Sanmin District		 80/124
5 storefronts		 27.95 First time
purchase		 - -
Subtotal 9 cases 61.548 billion 100%

10

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Price of Residence to be Completed in Future
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Year
Item		 2022 2023 2024 2025 2026 2027 Total
3173.98
Price of Newly
Complete Residence
(NT 100 million Dollars)		 359.57 483.57 599.74 620.80 782.56 327.74

11

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-
Future 6 Year Plan
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Area Project Name Project Name Total Sales Amount
(NT 100 million Dollars)		 2021 2022 2023 2024 2025 2026 2027
Great Taipei 1 Beitou Daya Section 13.58
2 Danhai 5th 185.34
3 Highwealth Dayue 33.64
4 Fujiangcui 12.31

5		 Highwealth Daho 36.72
6 Ankang Section 58.49
7 Fuxing North 91.15
8 Gongjian Section 225.80
9 Fudu 6 176.56
Taoyuan/
Hsinchu		 10 Shihsanho 38.72
11 Huayue City 60.92
12 Chinsheng 2nd 126.42
13 Chunglu 5th 82.99
14 Shanji 2nd 137.59
15 Xingshan 440
(Chyiyuh)		 59.48
16 Chuko Yueyang 52.76

12

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-
Future 6 Year Plan
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Area Project Name Project Name Total Sales Amount
(NT 100 million Dollars)		 2021 2022 2023 2024 2025 2026 2027
Taichung 17 Bokolai 51.72
18 Munghuan City 141.59
19 The Summit 85.52
20 Wenshin Aiyue 67.29
21 TOP1 Global
Trading Center		 48.98
22 Yang Xing Dian 54.52
23 Shicheng Aiyue 39.43
24 Huiguo 88 84.25
25 Huiguo 90 245.21
26 Ji Fan Xi 73.00
27 Bo Jin Ai Yue 100.78
28 Huishun 3rd119 53.44
29 Zhong-Gang
Huiming2nd7		 153.80
30 Huishun
11(Chyiyuh)		 97.47

13

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-
Future 6 Year Plan
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Area Project Name Project Name Total Sales Amount
(NT 100 million Dollars)		 2021 2022 2023 2024 2025 2026 2027
Tainan/
Kaohsiung		 31 Shendong City 73.09
32 Aichinhai 60.89
33 Poai Shenhsieh 29.75
34 Kaohsiung CBD 28.48
35 Highwealth Poai 26.58
36 Sen Yue 41.20
37 Meishu Dayue 48.89
38 Chungdo 3rd 310 27.95
39 Bo Ai Yue 65.00
40 Ba Li He Left Bank 69.30
41 Poshao Yichi A 43.65
42 Aichungho Left
Bank		 55.11
43 Zhongzheng One 47.22
44 Xinxing Section 58.29
45 Museum One
(Chyiyuh)		 174.40
Subtotal 3539.27

14

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Consolidated Financial Status
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Unit: NT thousand dollars

Year
Item		 2014 2015 2016 2017 2018 2019 2020 As of Q3 2021
Operating Income 37,515,171 34,638,039 35,057,830 18,670,048 44,204,971 23,798,201 24,463,018 34,693,451
Operating Cost 23,312,300 21,833,114 23,768,287 13,696,981 31,032,093 17,148,864 17,611,739 23,864,961
Gross Profit 14,202,871 12,804,925 11,289,543 4,973,067 13,172,878 6,649,337 6,851,279 10,828,490
Gross Profit Rate(%) 38 37 32 27 30 28 28 31
Operating Expense 2,927,776 2,989,867 3,556,513 2,341,893 3,669,516 3,143,345 2,714,922 2,770,578
Operating Profit 11,275,095 9,815,058 7,733,030 2,631,174 9,503,362 3,505,992 4,136,357 8,057,912
Income before Tax 11,172,002 9,873,872 7,856,704 2,733,013 9,450,872 3,951,772 3,316,157 9,708,608
Net Income 10,746,861 8,954,895 7,268,083 2,442,625 8,738,331 3,489,017 2,823,254 8,294,655
Profit Margin(%) 29 26 21 13 20 15 12 24
Comprehensive
income		 10,757,880 8,931,878 7,266,952 2,450,348 8,785,858 3,511,020 2,825,867 8,292,676
Earnings per share 11.44 7.06 5.57 1.69 6.01 2.66 2.11 5.89
Total liabilities 73,912,357 74,873,735 72,425,781 89,794,800 90,798,943 113,380,363 145,006,840 153,026,645
Shareholders' equity 34,280,534 39,322,208 38,730,346 34,311,070 40,102,148 34,443,182 35,800,518 41,203,168
Paid-in Capital 8,974,051 11,666,266 11,666,266 11,666,266 11,666,266 11,666,288 12,902,969 13,079,316

15

Convertible Bond Maturity Date
Oct. 30, 2021		 Convertible Bond Maturity Date
Oct. 30, 2021
Corporate Bond Type 5th secured convertible bond in the country(code:25425)
Issue Date June 8, 2017
Denomination 100,000 New Taiwan Dollars
Issue and Trade Location Domestic
Issue Price Issued at 100.2% of the face value
Total Total denomination New Taiwan 10.02 Billion Dollars
Interest Rate 0%
Expiration 5 years. Maturity Date: June 8, 2022
Repayment Method The bondholders may convert to company ordinary shares according to the clause of Article 10 of the company bond issue and convert
guidance, and Article 18 for early redemption by the company or security agency, or Article 19 if the bondholders sells ahead of the maturity
time, the bond denomination at the maturity time plus 6.4% of the 5 year interest compensation may be paid by cash at once.
Unpaid Amount New Taiwan 8,182,700,000 dollars
Possible Equity Dilution and
Effects on Equity of the
Current Shareholders		 If the bondholders would convert all the bond to company ordinary shares at the current price of 35.9, the maximum dilution effect on the
shareholders’ equity is 14.60% for the maximum convertible shares of 227,930,000 shares. The estimated share capital for the total
conversion is15.6 billiondollars at the current conversionprice.
Name of the Entrusted Agency
for Subject Exchanged		 Not Applicable

16

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Shareholder Structure
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Base Date: Oct 2, 2021

Shareholder
Structure
Item		 Government
Agencies		 Financial
Institutions		 Other Legal
Person		 Foreign Agency
and Foreigner		 Individual Total
Number 3 14 237 267 70,883 71,404
Number of Shares
Held		 710,608 71,236,885 557,657,067 122,135,393 556,191,627 1,307,931,580
Shareholding Ratio 0.05% 5.45% 42.64% 9.33% 42.53% 100%

17

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Equity Dispersion
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Base Date: Oct 2, 2021

Shareholding range Number of Shareholders Number of Shares Held Shareholding Ratio
1~
999		 13,750 3,786,145 0.29%
1,000~
5,000		 40,311 84,932,322 6.49%
5,001~
10,000		 8,610 62,133,612 4.75%
10,001~
15,000		 3,180 38,501,324 2.94%
15,001~
20,000		 1,550 27,666,862 2.12%
20,001~
30,000		 1,541 37,749,493 2.89%
30,001~
40,000		 716 25,041,005 1.92%
40,001~
50,000		 420 19,163,207 1.47%
50,001~
100,000		 753 52,488,266 4.01%
100,001~
200,000		 317 43,274,862 3.31%
200,001~
400,000		 120 32,538,663 2.49%
400,001~
600,000		 43 20,860,670 1.59%
600,001~
800,000		 15 10,098,056 0.77%
800,001~
1,000,000		 14 12,481,452 0.95%
1,000,001 and above 64 837,215,641 64.01%
Total 71,404 1,307,931,580 100.00%

18

Dividend Policy Dividend Policy Dividend Policy Dividend Policy Dividend Policy Dividend Policy
Dividend
Distribution
Year		 Cash Dividend
(A)		 Stock dividend Ex-dividend Date Stock Price
before the
ex-dividend
Date
(B)		 Cash Dividend Yield
(%)
(A/B)*100%
(Note 1)		 Dividend Payout Ratio
(%)
(Note 2)		 Remark
Profit
Distribution
(dollar/share)		 Additional
Paid In Capital
(dollar/share)		 Profit
Distribution
(dollar/share)
2021 2.004 0.000 0.000 2021/09/24 46.80 4.28 95.01 -
2020 1.000 0.000 1.000 2020/09/24 46.15 4.33 150.38 2019 Q4
1.000 0.000 0.000 2020/02/20 46.20 2019 Q3
2019 1.000 0.000 0.000 2019/10/02 49.95 9.01 First half of 2019
(Note 3)
3.500 0.000 0.000 58.24 2018
2018 1.492 2.008 0.000 2018/09/07 49.15 7.12 207.10 -
2017 4.873 0.127 0.000 2017/09/11 48.05 10.41 89.77 -
2016 6.000 0.000 0.000 2016/07/13 53.30 11.26 84.99 -
2015 4.000 0.000 3.000 2015/09/21 60.90 6.57 61.19 -

Note 1 ： Cash Dividend Yield = ( cash dividend ÷ Stock Price before the ex-dividend Date ) 100% Note 2 ： Dividend Payout Ratio = 〔 (cash dividend + stock dividend) ÷ annual EPS 〕 100% Note 3 ： Cash dividend is distributed quarterly in 2019.

As of the end of October 2021, the accumulated cash dividend is over NT$48.4 billion. (including NT$1.5 billion cash paid back to shareholders due to Reduction of Capital.)

19

& A Q Thank You!

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