OUCC — Investor Presentation 2023

Dec 26, 2023

Investors Conference 2023.12

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東聯化學(1710TW) Oriental Union Chemical Corp.

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Disclaimer

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• ●The information contained in this presentation includes materials of

• the company overview, financial figures, future plan etc.

• ●No representation or warranty express or implied, is or will be made in or in relation to, and no responsibility or liability is or will be accepted by the Company as to, the accuracy or completeness of the information and any liability therefore is hereby expressly disclaimed.

• ●Future prospects in this presentation reflects the company perspective based on the condition until now. If any change or adjustment of views later in the future, the company undertakes no obligation to update.

Oriental Union Chemical Corp.

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Table of Contents

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●Company Overview

• ●History

• ●Subsidiaries Chart

• -EG、GAS、SC

• ●Operation Overview

• ●Financial Overview

●Company Strategy

Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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Com an Overview p y

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• ●Established

• ●Capital

• ●Chairman

General Manager

1975/12

NT$ 8,857 million

Douglas Tong Hsu

• Justin Tsai

Yangzhou

Linyuan

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• ●Main Business

• Manufactures and markets ethylene glycols, ethylene oxide, gas oxygen, gas nitrogen, liquid nitrogen, liquid argon, monoethanolamine, ethylene carbonate, polyethylene glycol, polyoxyethylene lauryl ether and methoxy polyethylene glycols.

• ●Production Sites

• Linyuan、Yangzhou

Oriental Union Chemical Corp.

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History Subsidiaries Operation Overview Financial Overview Strategy

Company Overview

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Histor y

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Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview Strategy

Company Overview

History

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Subsidiaries Chart

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Oriental Union Chemical
Corporation
100% 100% 100%
Tong Fu Investment Pacific Petrochemical OUCC (Bermuda)
Corporation (Holding) Ltd. Holding Ltd.
46.15% 9.65%
55.80%
Far Eastern Union
Petrochemical (Yangzhou)
Ltd.
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Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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Ethylene Glycols

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Three Business Groups

Industrial Gases Specialty & L-CO Chemicals 2

Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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Product & Ca acit p y

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Group	Products	Linyuan	Yangzhou	Total
EG	EO	360kta	400kta	760kta
	EG	360kta	500kta	860kta
GAS	O2、N2、Ar	1,000kta	800kta	1,800kta
	E-CO2	17kta		17kta
SC	EA	60kta	40kta	100kta
	EB	30kta		30kta
	EC	80kta		80kta
	EODs	100kta	66kta	166kta
	PEA	8kta		8kta
	EDA	20kta		20kta

Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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EG
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SC

Product Value Chain

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Liquefied
gases
& CO2
CO2 Capture
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N2 O2 Ar
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Food grade
Medical grade
Electronic grade
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EDAs
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Ethylene glycols
CO2
EAs
By-product Ethanolamines
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Ethylene glycols Ethyleneamines

EBs

O2

Ethylene glycol butyl ethers

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CO2
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Ethylene oxide

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EC
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Ethylene

carbonate

Polyols

EOPO polyols

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PEAs
Polyetheramines
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EODs
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EO derivatives

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Applications
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PET
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Industrial
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PET
Industrial
Beverage
Medical
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Personal
Care
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Electronics
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Concrete
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Paints & Coatings

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CO2
Capture
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Oriental Union Chemical Corp.

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Subsidiaries

Financial Overview

Company Overview

History

Operation Overview

Strategy

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Products & A lications pp

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Oriental Union Chemical Corp.

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Subsidiaries Operation Overview Financial Overview Strategy

Company Overview

History

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O eration Overview-Revenue、P&L p

	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L	Operation Overview-Revenue、P&L
(1,000) 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000
						7,275	6,980	651
					,575			,	6,525
		4,891		5,316						5,519	4,916	5,121	5,225	5,237	5,269
	4,311		4,245
		139			609	239	379	195
	(162	)	(56)	(376	)				(136	) (328	) (422	) (272	) (131	) (141	) (248)
	20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3

Revenue P&L

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NT$ million

Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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Operation Overv i ew-Sales Ratio

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100
90
77
80
74
70 71
69
68
67
70 65
64
62 62 62 61 62
57
60
50
37
40
32 32
31
30
27 28 29
30 25 26 26 25
23
21
19
20
10 9 10 9 9 10 8 8 8
10 6 6 6 6 6 6
0
20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3
EG SC GAS
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Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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O eration Overview-EG p

	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG	Operation Overview-EG
(1,000) 0 1,000 2,000 3,000 4,000 5,000 6,000
						4,964
		775		735	,668		4,649	4,104	4,061
	3,184	,	2,939	,						3,126	3,028	3,323	3,324	3,188	3,285
					357		15
	(324	) (56)	(297	) (680		(182	)	(228	) (492	) (661	(628	(430	) (252	) (315	) (316)
	20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 Segment Profit(Loss) Segment Profit(Loss)

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NT$ million

Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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O eration Overview-GAS p

0 100 200 300 400 500 600
												516
	432	430	432	470	393	419	405	384			453		407	429	409
									362	357
						181						251
	107	107	101	150	158		147	130	123	117	170		164	151	107
	20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 Segment Profit(Loss) Segment Profit(Loss)

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NT$ million

Oriental Union Chemical Corp.

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History Subsidiaries Operation Overview Financial Overview

Company Overview

Strategy

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O eration Overview-SC p

	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC	Operation Overview-SC
(500) 0 500 1,000 1,500 2,000 2,500
						892	1918	2,159	2,102	2,036
					1,510	,	,				393		1,489	1,618	1,554
	907	930	1,056	1,356							,	1,280
	14	53	23	95	102	245	214	295	251	228				24
											(13)	(89)	(45)		(55)
	20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 Segment Profit(Loss) Segment Profit(Loss)

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NT$ million

Oriental Union Chemical Corp.

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Subsidiaries

Financial Overview

Company Overview

History

Operation Overview

Strategy

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Financial Overview

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Consolidated Operating Revenue Net Profit(Loss)
27,481 (NT$ million) 900 (NT$ million)
22,081 405
18,763
39
15,704
0
(1,065)
0
2020 2021 2022 2023Q3 2020 2021 2022 2023Q3
EPS Cash Dividend
(NT$) (NT$)
1.03
0.70
0.46
0.04
0
0.20
0.00
(1.22) 0
2020 2021 2022 2023Q3 2020 2021 2022
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Oriental Union Chemical Corp.

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Subsidiaries

Financial Overview Strategy

Company Overview

History

Operation Overview

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Consolidated Balance Sheets (2023/9/30)

Financial Structure

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-
Interest
Investment bearing
NT$14.9B
Business Debt
NT$9.4B Liabilities
NT$18.4B
-
Total Interest free
NT$3.5B
Debt
Assets
NT$33.6B
Production
Business Equity % 45%
NT$24.2B
Equity
NT$15.2B
BVPS NT$14.1
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Oriental Union Chemical Corp.

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Subsidiaries

Financial Overview

Company Overview History

Operation Overview

Strategy

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Strategy(I)-Technology Transformation

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Advanced
materials
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Carbon reduction

Green products

• █ Continue to invest in technology research and development, improve chemical properties, and achieve the purpose of carbon fixation and carbon reduction

• █ Develop green processes and green materials

• █ Master special application chemicals and materials

• █ Develop plastic recycling, material modification and biodegradable polyester technologies

• █ Focus on high-tech efficiency, link environmental protection, electronics, automobile and other industries with overall environmental solutions

• █ Carbon embedment, carbon capture technology and energy integration, development of CO2 chemical low-carbon process

Oriental Union Chemical Corp.

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Company Overview History Subsidiaries Operation Overview Financial Overview Strategy

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Strategy(I)-Innovative Technology

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Oriental Union Chemical Corp.

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Subsidiaries

Operation Overview Financial Overview

Company Overview

History

Strategy

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Strategy(II)-Product Transformation

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1 2 3
Surfactants &
EO/EG/GAS Solvent Chemicals
Performance Chemicals
EO EG GAS Surfactants Functional aids Functional lotion EA EB EC
E-CO2 Green product Customized solution
4 5 6
Construction Chemicals Fine Chemicals Amine series
PCE Functional aids Grinding additives EODs PODs EOPO Copolymers Polyether amines Ethylene amines EA
Mortar additives Customized solution PCDL Polyester polyol
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Oriental Union Chemical Corp.

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History Subsidiaries Operation Overview Financial Overview

Company Overview

Strategy

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Strategy(II)-Innovative Product

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Category	Subject	Contents
Polyetheramine	Monoamines, diamines, polyamine and polyetheramine derivatives	 OUCC owns the exclusive technology for direct amination of alcohols and ethers, which retains the excellent properties such as low viscosity, high permeability, anti-yellowing and heat resistance.  They are used in high-performance composite materials, polyurea, and anti-scratch, weatherresistant materials. Examples include large high- strength structures such as wind turbine blades, dams, bridge piers, as well as cement additives, epoxy flooring materials, paints, decorative ornaments.
Ethanolamine reductive amination co-products	Ethylenediamine, diethylenetriamine, aminoethyl ethanolamine, trivinyltetramine, piperazine and related co-products	 OUCC owns the exclusive technology for direct amination of alcohols and ethers, and the main products are ethylenediamines, diethylenetriamines, triethylenetetramines, aminoethyl ethanolamines, piperazine and related products.  They can be applied to petroleum, pesticide, medicine, light textile, chemical fiber, paper making, metallurgy, electroplating, solvent, resin additive and other fields.

Oriental Union Chemical Corp.

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Subsidiaries

Financial Overview

Company Overview

History

Operation Overview

Strategy

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Strategy(III)-Carbon Management Targets

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Oriental Union Chemical Corp.

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Subsidiaries Operation Overview Financial Overview Strategy

Company Overview

History

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Strategy(IV)-Sustainable Management System

• GRI Standards：Core Option

 Sustainability Accounting Standards Board, SASB：Chemical Standard

S t a nd a rd s

• Task Force on Climate-Related Financial Disclosures

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Environment

S o c i e t y

Governance

 Committed to improving process design, pursuing green production, minimizing the impact of operating production on the environment, and implementing balanced development of industrial production and environmental protection.  OUCC has implemented the ISO 14001 Environmental Management System in 1998, actively promoting various pollution prevention improvements and striving to reduce the risk of pollutant emissions.  OUCC introduced the ISO 50001 Energy Management System for energy saving. Through innovative R&D, the circular economy model is integrated to reduce energy consumption.  OUCC values the importance of industrial safety & health and human rights, and has obtained ISO 45001:2018 certificate to build a friendly and safe workplace environment.  The Linyuan Plant was awarded the recognition of 5 Million Accident-Free Man-Hours Record”in 2021, and continue to progress towards the goal of a safe environment and a healthy workplace.  OUCC adheres to the core spirit of the “Universal Declaration of Human Rights,”the“ILO Declaration,” and “The United Nations Global Compact”and“Responsible Business Alliance Code of Conduct.” We abide strictly by all labor-related laws and regulations. The company has also formulated internal labor-related rules and management mechanisms to achieve equality and create a friendly working environment.

• In addition to pursuing economic stability, OUCC continues to integrate and develop core competencies, actively seeks potential cooperation with global companies, and introduces the most advanced chemical and biochemical technologies with the aim of creating new profit potential.

• In view of corporate operative responsibility, the safeguard of sharehoders’lawful rights as well as others stackholders’interests, OUCC implements the robust governance, improves business operation to maximize shareholders’interests.

• For the continueous strengthening in corporate governance and management system, the corporate governance officer was installed in 2021 accountable for the work promotion.

• Adherence to the OUCC spirit of entrepreneurship – “sincerity, diligence, thrift, prudence, and innovation” to steadily cope with future challenges and achieve sustainability

Oriental Union Chemical Corp.

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Thank You Q&A

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ORIENTAL UNION CHEMICAL CORPORATION