RH — Investor Presentation 2016

Nov 21, 2016

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Company Profile

TW.4807

簡

介

日成控股
珠寶首飾產業概況
營運概況

Regal Holding

TW.4807

公司設立 2014.10.06

執行長/林志謙 PHACHARAPON PHAIBOONSUNTORN 資本額 新臺幣 339,200 仟元 發行股數 33,920,000 股 主要營運地 泰國 員工人數 約 3,700 人

Investment Structure 主要投資架構

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TW.4807
99.99%
51.00%
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Board of Directors 董事會成員

姓名	主要經（學）歷	持股比例
Solar Jewelers Group Corp. 代表人：PHACHARAPON PHAIBOONSUNTORN(林志謙先生) 董事長	台北科技大學EMBA進修中 新榮工商職業學校機械工程科 Regal Jewelry Manufacture Co., Ltd. 生產處經理	40.57%
中華開發創業投資股份有限公司 代表人：楊鎧蟬女士	美國堪薩斯州立大學企管碩士 中華開發工業銀行直接投資部部門主管兼任直接投資事業群代理執行長	6.49%
Hyperion Trading Co., Ltd. 代表人：Mr. SARAYUTH MUNGCHITVITSAVAKORN	Thammasat University MiniMBA 進修中 泰國M.P.I. 管理課程文憑 Regal Jewelry Manufacture Co., Ltd. 生產處經理	4.61%
Arianna Investment Co., Ltd. 代表人:林如茵女士	中國北京經濟管理學院企業管理碩士 Regal Jewelry Manufacture Co., Ltd.業務處經理	7.81%
Orlog Global Co., Ltd. 代表人：林如萍女士	泰國Mahidol University國際企業管理學士 Regal Jewelry Manufacture Co., Ltd. 業務處經理	2.92%
Unique Global Investment Inc. 代表人：王政隆先生	美國Tulsa University業務行銷學士 Regal Jewelry Manufacture Co., Ltd. 業務處經理	1.51%
獨立董事 李宗培先生	國立政治大學經濟學博士 台灣合作金庫銀行(股)公司獨立董事 輔仁大學金融研究所所長 輔仁大學國際貿易系副教授兼系主任 輔仁大學國際貿易與金融學系講師 國立政治大學統計系兼任講師	-
獨立董事 葉光洲先生	國立政治大學法學博士 律師高考及格 公務人員高考法制及格 寰瀛法律事務所律師 行政院秘書室諮議 法務部部長室秘書 實踐大學生活應用科學系兼任講師 致理技術學院會計資訊系兼任講師	-
獨立董事 官志亮先生	國立政治大學企業管理博士 財團法人商業發展研究院研究教師 勞動部跨國人力仲介服務品質評鑑委員 交通部公路總局審議會委員 中華民國對外貿易發展協會連鎖加盟服務業國際化諮詢輔導顧問	-

Management Team 經營團隊

職稱 姓名 CEO 林志謙先生 執行長 Production VP Mr. SARAYUTH 生產處副總 MUNGCHITVITSAVAKORN Admin VP 林如茵女士 管理處副總 Marketing & Sales VP 林如萍女士 行銷暨業務處副總 Marketing & Sales Director 王政隆先生 行銷暨業務處處長 電鍍事業部總經理 王俊清先生

簡

介

日成控股
珠寶首飾產業概況
營運概況

Jewelry Market Sizes 珠寶首飾產業概況

Jewelr Market Sizes珠寶首飾產業概況	Jewelr Market Sizes珠寶首飾產業概況	Jewelr Market Sizes珠寶首飾產業概況	Jewelr Market Sizes珠寶首飾產業概況	Jewelr Market Sizes珠寶首飾產業概況	Jewelr Market Sizes珠寶首飾產業概況	Jewelr Market Sizes珠寶首飾產業概況
**y ** USD million
	2015 Market Size	% of Market	CAGR 2010-15	2016 Growth	CAGR 2015-20	CAGR 2015-20
World	309,839	100%	9%	4%	387,671	5%
Asia Pacific	183,732	59%	14%	4%	243,842	6%
China	96,760	31%	15%	4%	135,248	7%
India	46,527	15%	20%	6%	60,585	5%
North America	69,239	22%	5%	3%	80,380	3%
Western Europe	29,044	9%	-1%	1%	30,426	1%
Eastern Europe	8,306	3%	9%	-4%	8,931	1%
Latin America	7,664	2%	7%	4%	9,035	3%
Middle East & Africa	8,567	3%	8%	7%	11,887	7%
Australasia	3,287	1%	2%	-5%	3,170	-1%

Note: Market Size as Retail Value in Million USD. Historic CAGR Uses Current Prices. Forecast CAGR Uses Constant 2015 Prices

Source : Euromonitor International , Bloomberg

The USD310 billions global jewelry market is forecast to grow 5% a year through 2020 at USD390 billions, based on Euromonitor data.

GLOBAL JEWELRY METAL TYPE 全球珠寶市場概況

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Branded Marketing Research 市場品牌調查

20% OF THE GLOBAL JEWELLERY MARKET IS BRANDED AND SHARE IS GROWING

2015Equivalent USD310 Billions

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UNBRANDED
BRANDED
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資料來源：華麗志 Luxe.Co 、 Pandora 、麥肯錫 McKinsey

預估2020年珠寶產業品牌滲透率將可望達30%~40%

• 3 Types of Customers Identified to Grow Brand Sales: 促使品牌銷售成長之因素: 1. New wealth 新貴階層

2. Emerging market consumers 新興市場消費群

3. Young customers 年輕族群

Branded Marketing Research 市場品牌調查

Branded share of the Jewelry Industry

100%

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80%
60% Unbranded
60% 81% 82% 80%
90% 87% Branded
40%
20% 40%
19% 19% 20%
10% 13%
0%
2003 2005 2007 2009 2015 e2020
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預估2020年珠寶產業品牌滲透率將可望達30%~40%

Jewelry Price Segment and Market Share 珠寶價位區間及市占率

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57%
100
90
80
70
60
50
40
30
20 Folli Folli Links
25% 10 Pandora Swarovski Tiffany VC&A
Graff
0 Morellato Monica Vinader Bulgari Cartier Harry Winston
輕奢華珠寶 (affordable luxury) 奢侈品珠寶 頂級珠寶
. €1500 . €1500 - 10000. € 10000
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• 輕奢華 (affordable luxury) 珠寶精品銷售額占整體珠寶產業總銷售額 57%

• 品牌珠寶 (Branded) 在輕奢華珠寶產業之整體滲透率僅 25%

• 品牌珠寶利潤主要來自平價具設計感之輕奢華珠寶產品銷售

未來趨勢：發展獨特性之輕奢華珠寶，輔以品牌優勢，將帶動獲利成長

資料來源：華麗志 Luxe.Co 、 Pandora 、 McKinsey

World Jewelry Show 全球珠寶展覽

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June
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BASEL WORLD
March
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January&
September
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February&
September
March&September
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簡

介

日成控股
珠寶首飾產業概況
營運概況

營運概況

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Jewelry Show 珠寶展覽

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Design & Awards 設計及得獎作品

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– Co Design 設計

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Positioning 產業定位

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上游 日成控股 下游
珠寶設計
金屬原料
全球性
零組件及
寶石 品牌商
模具製作
消費大眾
零件
自動化製
生產性耗料
程設備 區域性
機器設備
生產 品牌商
銷售
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Fashion Trend 流行趨勢

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Contemporary 時尚潮流 Personal Expression 個性化 Affordable Luxury 輕奢華

Industry developing direction:

• 1.Internationalization of brands and industry consolidation

2.Growth of branded jewelry

• 3.Reconfiguration of the channel landscape 4.Polarization and hybrid consumption 5.Fashionability and acceleration

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Events & Campaigns 各節日活動

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Friends

Love Mom

Travel

Baby Special Event Memory

Valentine’s Day Mother’s Day High Summer Thanks Giving & X’Mas 1 2 3 4 5 6 7 8 9 10 11 12

Spring Summer

Autumn Winter

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Garnet Aquamarine Amethyst

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Diamond

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Emerald

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Pearl

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Ruby Sapphire Peridot

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Opal

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Citrine Blue Zircon

Our Customers Type 銷售客戶類型

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67.89%
70.00%
62.33%
60.00%
53.36%
50.00% 43.96%
43.64% 41.51%
Global Brand
40.00%
Area Brand
30.00% 26.72% 26.90%
Others
20.00% 14.53%
10.77%
10.00% 5.39%
0.00%
2013 2014 2015 2016H1
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Competitive Edge In Thailand 泰國製造競爭優勢

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• OPEN AND WELCOMING ECONOMY 友善的市場

• • DIVERSE MANUFACTURING SECTOR 多元的產業鏈

• • PRO-ACTIVE GOVERNMENT POLICIES 鼓勵投資的政府 政策

• A LARGE, ADAPTABLE AND SKILLFUL CRAFTSMANSHIP

• 擁有充沛和卓越工藝的人才

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13  珠寶飾品相關科系
38  設計專業科系
131 大專院校

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Our Products 產品系列

Category 類別

Plating 鍍層

• Pendants 吊墜

• Earrings 耳環

• Rings 戒子

• Necklaces 項鍊

• Bracelets 手鍊

• Palladium 鉑金

• Rhodium 白金

• Karat Gold K 金

• • Rose gold 玫瑰 金

• Bangles 手環

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Strengths 優勢

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Design R&D 設計研發團隊 Flexibility High Performance Production Capacity 彈性製造能力

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Craftsmanship 工藝美學

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Total Solution Provider
客製化
全面式整合服務
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Define/Design Process 設計工藝

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Production Process 生產流程

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Stone
Casting
Setting
脫蠟鑄造
鑲石
Grinding Polishing Packing
表面研磨 鏡面處理 包裝
Soldering &
Plating
Stamping Laser Treatment
電鍍
沖壓成型 雷射銲接
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North America 北美 40%

Europe 歐洲 15%

Asia 亞洲 45%

Operating Performance 營運績效

	2014年度	2015年度	2016年 上半年度
營業收入淨額(仟元) Net sales (NTD’000)	1,440,935	2,259,618	1,281,634
毛利率 Gross Profit %	21%	28%	31%
營業淨利率 Operating Margin %	5%	14%	18%
純益率 Net Income %	6%	10%	12%
股東權益報酬率 Return on Equity %	12%	33%	25%
每股盈餘(新台幣元) EPS(NTD)	2.43	5.96	4.01

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Unexplored Treasure

TW.4807