RH — Investor Presentation 2017

Nov 13, 2017

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股票代號 :4807

2017 年第三季 法人說明會 2017 年 11 月 14 日

www.regaljewelrygroup.com

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免責聲明

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• •本簡報資料所提供資訊包括前瞻性的看法，這些看法可能因風險､不確 定性與假設等的不同狀況而超出日成控股股份有限公司（本公司）的判 斷。實際結果將可能與此看法有重大的出入。由於這些風險、不確定性 與假設等的不同狀況，本簡報資料中的前瞻性事件與狀況可能不會依預 期發生，讀者不應完全仰賴此前瞻性資訊。

• •本公司已儘可能確保本簡報資料為正確無誤，且無遺漏及資訊過時。然 而，本公司概無就有關資料之可靠性､準確性或完備性作出任何明示或 暗示之聲明或保證。

• •對使用本簡報資料任何內容或因倚賴該等內容所採取行動而直接或間接 引致之任何損失概不負責。

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大綱

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一、公司概況
二、2017年第三季營運成果
三、
競爭優勢與未來成長動能
四、問／答
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一、公司概況

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股票代號:4807

2014.10.06 公司設立

執行長/林志謙 PHACHARAPON PHAIBOONSUNTORN

資本額 新臺幣 381,600 仟元 發行股數 38,160,000 股 主要營運地 泰國 員工人數 3,500 人

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二、 2017年第三季營運成果

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合併簡式損益表

單位：新臺幣仟元

項 目 2017年第三季 2017年第二季 2016年第三季 季變化 年變化 金額 ％ 金額 ％ 金額 ％ ％ ％
營業收入 608,440 100 498,803 100 393,144 100 22 55
營業毛利 181,420 30 162,288 33 123,575 31 12 47
營業費用 80,633 13 83,501 18 84,404 21 (3) (4)
營業淨利 100,787 17 78,787 15 39,171 10 28 157
營業外收入及支出 (13,179) (2) (166) - (3,089) (1) 7839 327
稅前淨利 87,608 15 78,621 15 36,082 9 11 143
所得稅費用 21,882 4 25,796 5 11,511 3 (15) 90
本期淨利 65,726 11 52,825 10 24,571 6 24 167
本期淨利- 歸屬母公司權益 43,510 7 19,395 3 14,863 4 124 193
每股盈餘(新台幣元) 1.14 0.57 0.46

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~~合併簡式資產負債表~~

單位：新臺幣仟元

項 目 2017.09.30 2017.06.30 2016.09.30 金額 ％ 金額 ％ 金額 ％
現金及約當現金 564,834 38 633,018 38 448,639 34
應收票據及應收帳款 248,311 17 331,356 20 183,489 14
存貨 261,786 18 330,848 20 293,186 22
其他 34,706 2 24,517 1 31,083 2
流動資產合計 1,109,637 75 1,319,739 79 956,397 72
不動產、廠房及設備 323,189 22 316,259 19 330,839 25
其他 40,250 3 39,402 2 34,949 3
非流動資產合計 363,439 25 355,661 21 365,788 28
資產總計 1,473,076 100 1,675,400 100 1,322,185 100
流動負債合計 348,810 23 617,504 37 625,616 48
非流動負債合計 47,815 3 46,219 3 21,393 1
負債總計 396,625 26 663,723 40 647,009 49
權益總計 1,076,451 74 1,011,677 60 675,176 51
負債及權益總計 1,473,076 100 1,675,400 100 1,322,185 100

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~~2017~~ ~~年第三季主要銷售地區~~

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北美洲地區 15%

歐洲地區 20% 亞洲地區 65%

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~~主要類別~~

• 吊墜

• 手鍊/手環

• • 耳環

• • 戒子

• • 項鍊

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營業收入-主要類別

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單位：新臺幣仟元

主要類別		2017年第三季	2017年第三季	2017年第二季	2017年第二季	2016年第三季	2016年第三季
		金額	％	金額	％	金額	％
吊墜		235,102	39	133,555	27	126,361	32
手鍊/手環		218,702	36	242,718	49	103,137	27
耳環		45,616	7	46,843	9	52,011	13
戒子		44,377	7	41,672	8	85,896	22
項鍊		33,457	6	32,856	7	24,327	6
其他		31,186	5	1,159	-	1,412	-
合計		608,440	100	498,803	100	393,144	100

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全球珠寶飾品產業概況

單位：美金百萬元

	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	10%	-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%

Source : Euromonitor International , Bloomberg Note: Market Size as Retail Value in Millions USD. Historic CAGR Uses Current Prices. Forecast CAGR Uses Constant 2015 Prices

依據 Euromonitor 資料顯示，全球珠寶飾品零售市值 2015 年約美金 3,100 億元，並估計每年以 5% 成長，至 2020 年整體零售市值約美金 3,900 億元。

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全球珠寶飾品產業概況

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2015年全球品牌珠寶飾品零售市值份額將超過20%，並將持 續成長，預估 2020 年珠寶產業品牌滲透率將可達 30%~40%

2015 年全球珠寶零售市值約美金 3,100 億元

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無品牌
品牌
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資料來源：華麗志Luxe.Co、Pandora、麥肯錫McKinsey

品牌滲透率提高之主要三大客群 :

1. 新貴階層

2. 新興市場消費群

3. 年輕族群

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全球珠寶飾品產業概況

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珠寶飾品價位區間及市場份額

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100
57%
90
無品牌
80
70 品牌
60
50
40
30
20
25% 10
Folli Folli Links
0 Pandora Swarovski Tiffany VC&A
Graff
Morellato . Monica Vinader . Bulgari Cartier . Harry Winston
輕奢華珠寶飾品 奢侈品珠寶飾品 頂級珠寶飾品
€1500 €1500 - 10000 € 10000
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資料來源：華麗志 Luxe.Co 、 Pandora 、 McKinsey

• ➢ 輕奢華珠寶精品銷售額占整體珠寶產業總銷售額 57%

• ➢ 品牌珠寶在輕奢華珠寶產業之整體滲透率目前為 25%

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、 三 競爭優勢與未來成長動能

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競爭優勢

• ➢ 具備創新潮流設計能力

• ➢ 工藝設計能力

• ➢ 具彈性及可擴充性的生產工站

• ➢ 高品質及全系列產品的電鍍製程

專業珠寶飾品 ODM/OEM 一條龍供應商

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未來成長動能

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➢ 積極開拓新客戶

• ➢ 提升主要客戶 ODM 業務

• ➢ 以厚實之創新及設計能力，持續開發一系列珠寶飾品，並提供客戶 差異化及性價比之產品，以提升中長期競爭力、成長力及獲利率

• ➢ 提升數位平台客製化之精實一條龍服務速度及價值

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、 四 問 / 答

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股票代號 :4807

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