KHC — Investor Presentation 2021

Oct 22, 2021

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股票代號 (StockCode):2008

法人說明會 Investor Conference

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報告人 : 徐邦峰 鋼管部經理 Speaker: PANG FENG-HSU

OCT.22 2021

簡報大綱Outline of Contents

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1. 公司簡介Company Introduction
2. 經營績效Operating Results
3. 銷售分析Sales Analysis
4. 主要產品運用Application of Main Products
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1 . 公司簡介

Company Introduction

 公司簡介Introduction

• 企業型態：台灣企業股份有限公司

Type of Enterprise : a limited joint stock Corporation in Taiwan

• 員工employee：208人

• 資本額：新台幣20.08 億元

Paid-up capital：NT$ 2.008 billion

• 營業額：109年度新台幣9.6億元

Sales Revenue : NT$ 0.96 billion in 2020

• 高興昌創立於民國55年，發展至今為製管專業製造廠商， 主要產品為鋼管、鍍鋅鋼管、鋼管樁、API鋼管、PE包覆 管

The company was founded in 1966，Develops so far as a professional pipe and tube manufacturer . The main products are steel pipe, galvanized steel pipe, steel pipe piles, API 5L line pipe , API 5CT casing . pipes and PE coating pipe

 公司政策 Management Philosophy & Policy

經營理念( Management Philosophy)：

• 公司信念 : 正、誠、勤、儉

、 、 、 principles : Fairness Honesty Industry Thrift

• 誠信經營、穩健成長

Achieve a moderate growth by honest in business running

 提供最優品質、滿足客戶需求 Provide the best quality products to satisfy customer’s requirements

 營造安全與溫馨的工作環境 Set up a safety and warmth working environment  健全的員工福利政策 Offer the perfect and sane welfare policy for employee

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2. 經營績效 Operating Results

 營運績效Operating results

單位：新台幣百萬元 (Unit : NT$ million)

年度(Year) 項目(Items)	2016	2017	2018	2019	2020	2021 上半年
營業收入 Operating Revenues	1,128	1,270	1,413	1,142	963	662
營業毛利(損) Gross Profit(Loss)	16	-27	-22	-4	22	70
本期淨利(損) Net Profit (Loss)	-146	-225	-176	-124	-33	2
每股盈餘(虧) Earnings (Loss) Per Share (NTD)	-0.59	-1.02	-0.88	-0.62	-0.16	0.01

 營運績效- 營業收入及毛利率

Operating income & Gross margin

營業額及毛利率

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1,600 12.00%
1,413 10.57%
1,400 10.00%
1,270
1,200 1,128 1,142 8.00%
963
1,000 6.00%
800 4.00%
662
2.28%
600 2.00%
1.42%
400 0.00%
-0.35%
-1.56%
200 -2.13% -2.00%
0 -4.00%
2016 2017 2018 2019 2020 2021( 上半年 )
營業收入 Operating Revenues 毛利率 Gross Margin
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3 . 銷售分析 Sales Analysis

2017年~2021 1Q~2Q產品內、外銷比例 2017~2021 1Q~2Q Ratio of between Domestic and Export Sales

	2017	2018	2019	2020	2021 上半年
內銷(Dom.)	75%	65%	77%	99%	99%
外銷(Exp.)	25%	35%	23%	1%	1%

內銷 VS 外銷

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100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2017 2018 2019 2020 2021( 上半年 )
內銷 (Dom.) 外銷 (Exp.)
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產銷供需狀況與市場走向(一)

Supply vs. Demand Situation and Market Trends

• 美國、歐盟、大陸、印度陸續啟動數以兆美元計的基礎建設，奠定全球鋼材需求榮 景，加上亞洲各重點地區鋼廠進入歲修、大修潮，鋼市供需吃緊，因此對鋼價與銷 售依然看好。

The United States, the European Union, China and India successively launched trillions of dollars in infrastructure to lay the foundation for the prosperity in global steel demand. In addition, the steel mills in key areas in Asia have entered the annual repair and overhaul. The supply and demand of steel market are tight, so steel prices and sales are still optimistic.

• 國際鋼鐵供需吃緊， 2050 年全球碳中和、碳稅催生高鋼價時代到來，大陸減產取消 鋼材出口退稅及俄羅斯鋼材出，口徵收關稅 15% ，造成全球鋼材供給需求吃緊，鋼價 易漲不易跌。

In 2050, global carbon neutrality and carbon tax will give rise to the era of high steel prices. The China's production cuts, the elimination of steel export tax rebates and the 15% tariff on Russian steel exports, will result in tight global steel supply and demand. Steel prices are likely to rise but difficult to fall.

• 行政院通過的「國際商港未來發展及建設計畫」，預估將帶動 3,200 億元公民營投資， 加上台商回流及科技業擴廠，引領廠辦建案不斷釋出，國內投資與消費力道穩健上 揚。

The “ Future Development and Construction Project of International Business Ports ” approved by the Executive Yuan is estimated to drive 320 billion NT dollars of private investment, plus the return of Taiwanese businessmen and the expansion of the technology industry to lead the construction of factories. The domestic investment and consumption continue to rise steadily.

產銷供需狀況與市場走向(二)

Supply vs. Demand Situation and Market Trends

• 國內電子大廠台積電、聯電陸續投資興建新廠，鍍鋅鋼管 / 黑鋼管需求大增。 Domestic electronics giant TSMC & UMC has successively invested in new plants causing a surge in demand for galvanized steel pipes and black steel pipes.

• 雖然國際油價突破 60 美元 / 桶以上，頁岩油勘井數增至 376 口，但 API 輸美油管 依然面臨韓國無關稅低價競爭，只能取得少數訂單。

Although the international oil price has exceeded US$60 per barrel, the number of shale oil exploration wells has increased to 376, but API oil pipes exported to the US are still facing tariff-free competition from South Korea and only a few orders can be obtained.

• 未來鋼管銷售前景，美國進口關稅取消與否、油價是否持續維持在 60 美元 / 桶 以上及 COVID-19 疫情後續發展，都是影響銷售的主要因素。

The main affecting factors for future sales prospects are whether U.S. import tariff are cancelled or not, whether oil prices continue to remain above US$60 per barrel and the subsequent development of the COVID-19 pandemic.

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4. 主要產品 Application of Main Products

 Main Products 主要產品

• 焊接鋼管

• 熱浸鍍鋅鋼管

• 油管線管

• 打樁鋼管

• 聚乙烯塗層鋼管

• 埋弧焊鋼管

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 主要產品運用 Application of Main Products

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品質管理系統與產品認可證書

Quality Management System and Certificates awarded

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鋼管 ISO-9001 證書 API 授權書
•
• 7M8Y042-11 NO.5L-0031.1
•
NO.5CT-0874
ISO-14001 證書
職業安全衛生系統
• 717E001-01
• CB15-108055-00
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鋼管CNS正字標記證書

CNS CERTIFICATE

• 一般結構用碳鋼鋼管 電線電纜用鍍鋅鋼製導線管

• •總號： CNS 4435 •總號： CNS 2606 •類號： G3102 •類號： C4060 •證書號碼 : 台正字第 6643 號 •證書號碼 : 台正字第 6537 號

• 壓力配管用碳鋼鋼管 配管用碳鋼鋼管

• •總號： CNS 4626 •總號： CNS 6445 •類號： G3111 •類號： G3217 •證書號碼 : 台正字第 6644 號 •證書號碼 : 台正字第 6538 號

敬請指教 Invite your comments

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