PCC — Annual Report 2022

Nov 24, 2022

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太平洋建設集團 太平洋集團

Pacific Construction Group

Legal person briefing 2022

Building reputation on Building

28thNOVEMBER2022

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太平洋建設集團

Disclaimer

Pacific Construction Group

• ➢ This presentation contains forward looking statements which are estimated based on the current status of Pacific Construction Company Ltd.and general economic conditions. The forward looking statements involve certain risk and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions,foreign exchange fluctuations,rising costs of raw materials,competitive products and pricing pressures and regulatory development.

• ➢ Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results,and will not necessarily be accurate indications of whether or not such results will be achieved.

• ➢ Pacific Construction Company Ltd.expressly disclaims any obligation to review, update or correct these materials after the date thereof. Pacific Construction Company Ltd. may update, amend, supplement or otherwise alter the information contained in any such materials by subsequent presentations, reports, filings or other means without notice. This presentation may not be stored, distributed, transmitted.

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Content

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太平洋建設集團

Pacific Construction Group

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Industry
Outlook
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Financial
Summary
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Future
Outlook
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Operation
Outlook
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Pacific Construction Group

Company Brief

Content

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Company Brief

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Introduce

Pacific Construction Group

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1980
• •
Company Capital
•
Company 3.87 billion
Set up
Listed(2506)
1967 2020
： Mr. Liu, I-Yee
Business
： Ms. Lei Chienn
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Chairman ： Mr. Liu, I-Yee

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•
Land Development
•
Urban Renewal &
Reconstruction
•
Construction
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Executive Director ： Ms. Lei Chienn

President ： Mr. Chen Chin-Hui

Spokesman ： Mr. Chen Chin-Hui

Address ： No.495, Sec.1, Guangfu S. Road Taipei Telephone ： +886-2-27225051

Website ： www.pacific-grup.com.tw

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Company Brief

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太平洋建設集團
Pacific Construction Group Company Structure
Shareholder
s
Board of
Audit Committee Directors
Audit Dep.
Remuneration Committee
Chairman
Executive
Director
Project Development
S tock Affairs Dep.
Purchasing Team President
IT Team L egal Dep.
Sales Development Dep. MIS Dep. Accounting Dep.
Construction Dep. Finance Dep. Human Resource
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Company Brief

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太平洋建設集團

Introduce

Pacific Construction Group

Real Estate Management Business

Department Store Retail Business

Development Business Construction Business Leisure Life Business

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Content

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太平洋建設集團 Pacific Construction Group

Industry Outlook

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Industry Outlook

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太平洋建設集團

Pacific Construction Group

Economic

International Situation

• FED raised interest rates aggressively and all central banks

• followed up, therefore leading to a recession。

• Russia invades Ukraine; inflationary pressure increases; due to slowing economic growth in China, experts expect global inflation to rise from 4.7% in 2021 to 8.8% in 2022.

Domestic Economy

• Emerging applications such as automotive electronics and digital

• transformation trends continue to drive up demand for chips.

• Inflation is projected at 3.1% in 2022. Wages are rising and

• there is a severe shortage of workers.

• The exchange rate of the New Taiwan dollar shows a trend of

• depreciation.

Economic Indicator

• In view of the fact that private consumption is not as expected, the Taiwan Institute of Economics and Economics has revised down the economic growth rate in 2022 to 3.81%.

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Industry Outlook

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太平洋建設集團 Real Estate Outlook

Pacific Construction Group

Real Estate

• Investors exit the market as the government

• restricts loan ratios and raises interest rates.

• Buying momentum is low, housing prices are still

• high, and the situation of price-volume divergence.

• Three rises in land, raw material and labor costs.

Banking

• Due to the regulatory measures of the Financial

• Regulatory Commission, the banking industry is more cautious about construction loans and credit lending to investors due to the capital adequacy ratio.

• Banks are concerned about the cooling of supply

• and demand in the real estate market, increasing supply-side risks, and strengthening the control of real estate credit risk.

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太平洋建設集團

2022 Pacific Construction Group April Equal Titles Ordinance draft amendment

Industry Outlook

• Restrictions on pre-sale , lease transfers or resale of new homes.

•
Point 1Builders must declare real-price registration within 30 days.

• Heavy penalties for real estate speculation.

Point 2

• Heavy fines of 50 million NTD for speculation.

• Establish whistle-blowing bonus system.

Point 3

• Save audit manpower and get immediate results.

• Private corporation acquisition of residential housing permit system.

Point 4

• No transfer, assignment or advance notice registration shall be

• handled within 5 years after the acquisition is restricted.

• Termination of pre-sale house must be declared and registered.

Point 5

• Builders should declare and register within 30 days.

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Industry Outlook

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太平洋建設集團

Pacific Construction Group

2023 housing market challenges

According to the latest forecast released by the Taiwan Institute
of Economics in November 2022, the GDP growth rate in 2023 will be
2.91%, which is 0.54 percentage points lower than the updated 3.45%
in 2022.

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Inflation, increased construction costs
Construction finance tightening
raise interest rates
Government Housing Market Control Policies
financial market turmoil
Pandemic development

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Content

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Pacific Construction Group

Operation Summary

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太平洋建設集團 Pacific Constructiroup Construction schedule

Operation Summary

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•
Sunny Four Seasons (1)(2)
•
Short TermDunnan Elegance House Project
•
Yilan Jianye Project
•
Green Bay
Development
Medium Term•
Sunny Four Seasons
(3) (4)
•
Yunong
Market Urban
Long Term
Renew

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Operation Summary

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Pacific Construction Group

Sunny Four Seasons (1)

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P
R
O
G
R
E
S
S
Hand
planning Sales Construction
over
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Address ： Samin Rd. Yangmei Taoyuan Area ： 2,763 Pin Floor Design ： Villas & Double detach Existing Progress ： Building up public facility & Phase 1

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Operation Summary

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Dunnan Elegance House Project

Pacific Construction Group

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P
R
O
G
R
E
S
S
Hand
planning Sales Construction over
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Address ： Sec. 1, Dunhua S. Rd. Taipei Area ： 98.92 Ping Floor Design ： 12Floor/B2 1 Block suite product Existing Progress ： It is under construction and this case will apply for the label of green building and smart residence.

Operation Summary

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太平洋建設集團

Pacific Construction Group

Yilan Jianye Project

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P
R
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G
R
E
S
S
Hand
planning Sales Construction over
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Address ： Yian City Jianye Sec. Area ： 600 Ping Floor Design ： Villas & Condominium Existing Progress ： Applications are under review

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Operation Summary

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太平洋建設集團

Pacific Construction Group

Sunny Four Seasons (2)

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P
R
O
G
R
E
S
S
Hand
planning Sales Construction over
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Operation Summary

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太平洋建設集團 Pacific Construction GroupGreen Bay Villa Project

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P
R
O
G
R
E
S
S
Hand
planning Sales Construction over
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Build all ages recreation area

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Operation Summary

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太平洋建設集團 Green Bay Pacific Construction Group Leisure Hot Spring Hotel

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Operation Summary

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太平洋建設集團

Pacific Construction Group

Sunny Four Seasons (3)(4)

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On the progress, after
Completed phase1 & 2 will
develop Phase 3 & 4 and
total area is 6,942 ping.

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Operation Summary

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太平洋建設集團 Shilin Yunong Market Urban Renew

Pacific Construction Group

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P
R
O
G
R
E
S
S
Hand
Planning Design & Approve Pre-sale
renew plan Send urban construction over
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Address ： Yunong Rd., Shilin Dist., Taipei City Land area ： 2,235.17 Ping Design & planning ： Completed Progress ： Send urban renew plan pre-work

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Content

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Pacific Construction Group

Financial Summary

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Financial Summary

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太平洋建設集團

Pacific Construction Group

Unit ： NTD Thousand

Consolidated Income Statement

	Unit：NTD Thousand
		2019		2020		2021
								2022 to Q3
		Amount	%	Amount	%	Amount	%	Amount	%
	Operating Revenue	834,419	100	2,949,552	100	1,669,031	100	653,954	100
	Operating Cost	467,152	56	2,042,997	69	1,069,558	64	353,186	54
	Gross Profit（Loss）	367,267	44	906,555	31	599,473	36	300,768	46
	Operating Expense	427,776	51	931,983	32	490,284	29	336,662	52
	Other operating revenue (expense)	387	-	1,872	-	-	-	933,545	143
	Operating Profit（Loss）	(60,122)	(7)	(23,556)	(1)	109,189	7	897,651	137
	Non-operating revenue (expense)	53,055	6	91,365	2	53,391	3	98,246	15
	Profit（Loss）before Tax	(7,067)	(1)	67,809	1	162,580	10	995,897	152
	Income Tax	42,065	5	33,415	1	54,848	3	109,898	17
	Current Profit（Loss）	(49,132)	(6)	34,394	-	107,732	7	885,999	135
	Other Comprehensive Income（Expense）	32,617	4	11,312	1	35,889	3	(15,789)	(2)
	Total Comprehensive Income	(16,515)	(2)	45,706	1	143,621	10	870,210	133
	Net profit (loss) attributable to Owner of the Parent	(90,762)	(11)	(54,669)	(3)	45,610	3	751,752	114
	Net profit (loss) attributable to non-controlling interest	41,630	5	89,063	3	62,122	4	134,247	21
	Comprehensive income attributable to Owner of the Parent	(78,706)	(9)	(47,446)	(2)	78,213	6	737,097	113
	Comprehensive income attributable to non-controlling interest	62,191	7	93,152	3	65,408	4	133,113	20
	Basic earnings per share（NTD）	(0.25)		(0.15)		0.13		2.08

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Pacific Construction Group

Consolidated Balance Sheet

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Financial Summary
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Unit ： NTD Thousand

		2019	2019	2020	2020	2021	2021	2022 Q3	2022 Q3
		Amount	%	Amount	%	Amount	%	Amount	%
	Current Assets	8,267,451	51	8,351,106	57	7,914,857	56	8,078,297	57
	Non-Current Assets	7,689,923	49	6,146,525	43	6,125,692	44	5,930,451	43
	Total Assets	15,957,374	100	14,497,631	100	14,040,549	100	14,008,748	100
	Current Liabilities	5,133,893	32	4,147,464	29	4,373,509	30	3,703,360	26
	Non-Current Liabilities	2,229,797	14	1,733,037	12	1,083,722	8	984,878	7
	Total Liabilities	7,363,690	46	5,880,501	41	5,457,231	38	4,688,238	33
	Share Capital	3,870,000	24	3,870,000	27	3,870,000	28	3,870,000	28
	Capital Surplus	371,732	2	371,732	2	381,910	3	384,454	3
	Retain Earnings	2,019,875	13	1,965,939	13	1,863,641	14	2,537,993	18
	Other Equities	781,547	5	788,037	5	813,748	5	799,093	5
	Non-Controlling Interest	(193,207)	(1)	(193,207)	(1)	(193,207)	(1)	(193,207)	(1)
	Total equity attributable to Parent	6,849,947	43	6,802,501	47	6,736,092	49	7,398,333	53
	Non-Controlling Interest	1,743,737	11	1,814,629	13	1,847,226	13	1,922,177	14
	Total Equities	8,593,684	54	8,617,130	59	8,583,318	62	9,320,510	67
	Net value per share (NTD)	18.95		18.81		18.63		20.46

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Financial Summary

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太平洋建設集團 Revenue Breakdown Pacific Construction Group Analysis

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• The construction department had no completed housing projects in 2011, compared with 2010 due to the recognition of Pacific Forest’s revenue.

• Various business entities have actively adjusted their operating strategies in response.

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Content

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Pacific Construction Group

Future Outlook

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Future Outlook

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Pacific Construction Group

PCC-Ongoing Efforts ESG Highlights

E

E／environmental sustainability
Inject green life into buildings
Setting new standards in organic architecture

S／social responsibility S Employee Benefits Education Training Social welfare occupational safety

G／Corporate Governance G Internal Audit System Compensation Committee The Audit Committee Information Security Governance

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Future Outlook

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Pacific Construction Group

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public
welfare
Wanjinshi
clean
mountain

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Future Outlook

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Pacific Construction Group

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Company
club
Staff
take care

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Pacific Construction Group

Pacific Construction Company LTD.

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President : Mr. Chen Chin-Hui (02)2722-5051 ext: 300 ahui.pcc@gmail.com

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