SanDi — Investor Presentation 2021

Dec 16, 2021

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Stock No. 1438

2021 Investor Confere n ce

2021-12-16

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Disclaimer

The information is for reference only and is not a complete description of the operation of the Company. If the content involves forecasting information, the Company does not imply, declare, nor guarantee its correctness or reliability; therefore, users should make their own judgments and bear the risk.

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Pr e sentation conten t

☆ Profile

☆ Hist o ry ☆ Fina n cial Data ☆ Busi n ess Strategy ☆ Visi o n

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Profile

■ Established in 1955

■ Finance and Stock was Approved for Listing by the Ministry of Securities and Futures Bureau in 1988

■ Paid-in Capital ： NT$712,057,590

• Number of Shares ： 71,205,759

• Total Net Net Value ： 569,203 thousand(3rd quarter, 2021)

• Stock No ： 1438

■ Website ： http:/ / www.sandirealestate.com.tw

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History

		History
Time		Milestones
1955 ~ 1956	The Company was established capital stock of NT$7,000,000 Chairman andthe production in October 1955 and located in Foong Yuan City, Taichung County and operated by Yuetai Company and Jarfoong Weaving Mill jointl formallyinitiatedinJune1956. with an area more than 5,868 pings, a y with Mr. Chongnian Lee as the first
1966 ~ 1969	A piece of land for more than Spindles and fabric factory ha could not be expanded anymo addition, a piece of land for 3 new factory with new machin few years ofoperation. Capita 5,868 pings in Tanzi Township, Taichung County was acquired in 19 d been renewed constantly through 12-13 years of operation; howeve re. After careful evaluation, a decision was made to have Foong Yua 5,208 pings were acquired in 1969 in Xinwu Township, Zhongli City ery equipment acquired from Europe; also, the company had owned3 l increasedto NT$200,000,000. 66 for the construction of a branch factory. r, due to the limited space, the factory n factory sold to Yulien Company. In , Taoyuan County for the construction of a 8,880 spindles and 200 units of loom after
May 1980	Additional paid-in capital and NT$300,000,000. capital increase from earnings for NT$100,000,000was arranged wit h stock capital increased to
May 1987	Capital increasewith cash was offering arranged subsequentl retiredat the sametime. arranged for an amount of NT$120,000,000and with capital stock in y. Ring spinning equipment and five OE fine spinning machineswere creased to NT$420,000,000 and public acquired, and with the loom equipment
December 1988	Stockwasapprovedfor listing bytheMinistry of Financeandthe SecuritiesandFuturesBureau.
October 1989	Capital increasewith cash and toNT$642,600,000. from additional paid-in capital was arranged for an amount of NT$22 2,600,000 with the capital stock increased
February 1996	According to the resolution re arrangedfor an amountof NT ached in the 1995 general shareholders’meeting, capital increase from $23,776,200 with the paid-incapital increasedtoNT$666,376,200. the additional paid-in capital was

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December 1997	Arranged capital inc with the paid-in cap reasewith cash for an amount of NT$180,000,000 with stock issueda ital increased to NT$846,376,200. t a premium price of NT$30.5/share and
	The name of the Co mpany was changed from “Taiwan Yu Foong Cotton Mills Co., Ltd.” to “YU FOONG INTERNATIONAL
	CORPORATION.”
June 1998	Capital increase from with the paid-in cap the additional paid-in capital of the stock issued at premium was ar ital increased to NT$931,013,800. ranged for an amount of NT$84,637,600
September 1999	Capital increase from with the paid-in capi the additional paid-in capital of the stock issued at premium was arr tal increased to NT$1,024,115,180. anged for an amount of NT$93,101,380
August 2007	The Company wasr elocated to 9F-7, No. 57,Fuhsing N. Road, Taipei City (Young Shen Commercial Building).
August 2012	The Company wasr elocated to 2F, No. 638, Sec. 6, Minzu Road, Zhongli District, Taoyu an City, Taiwan.
September 2019	Mr. Chung Yulin b ecame chairman.
July2020	The name of the Co The Companywasr mpany was changed from “YU FOONG INTERNATIONAL CORPO elocated to 16F.-3,No. 175,Zhongshan 2nd Rd.,Lingya Dist.,Kaoh RATION.” to “SanDi Properties Co.,Ltd.” siungCity802,Taiwan
February 2021	Used a capital red paid-in capital was uction of NT$512,057,590 to compensate for losses. Following NT$512,057,590. the capital reduction, the Company’s
November 2021	Raised NT$200 mi capital was NT$71 llion by issuing shares at a NT$26 premium. Following the capit 2,057,590. al increase, the Company’s paid-in

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Financial Data

Consolidated Income Statement Unit: NT$ Thousand

Year	C ondensed Financial Data of the last five years (Audited and Attested by the Public Accountant) Certified	C ondensed Financial Data of the last five years (Audited and Attested by the Public Accountant) Certified	C ondensed Financial Data of the last five years (Audited and Attested by the Public Accountant) Certified	C ondensed Financial Data of the last five years (Audited and Attested by the Public Accountant) Certified	C ondensed Financial Data of the last five years (Audited and Attested by the Public Accountant) Certified	Financial data as of 20213did b h
Item	2020	2019	2018	2017	2 016	Q(aute y te Certified Public Accountant)
Operating income	98,432	11	17	43	62	496
Gross profit	63,494	(36)	(36)	(25)	(17)	277
Operating profit and loss	46,003	(8,216)	(8,196)	(7,934)	(7,946)	(10,653)
Non-operating income and expense	1,372	(2,303)	(3,683)	2,365	912	19,538
Net income (loss) before tax	47,375	(10,519)	(11,879)	(5,569)	(7,034)	8,885
Net income of the continuing department	45,919	(10,519)	(11,879)	(5,569)	(7,034)	8,966
Net income (loss)	45,919	(10,519)	(11,879)	(5,569)	(7,034)	8,966
Total comprehensive profit and loss – current	45,919	(10,519)	(11,879)	(5,569)	(7,034)	8,966
Net income attributable to the shareholders of the parent company	45,919	(10,519)	(11,879)	(5,569)	(7,034)	8,966
Total comprehensive profit and loss attributable to the shareholders of the parent company	45,919	(10,519)	(11,879)	(5,569)	(7,034)	8,966
Earnings per share	0.45	(0.10)	(0.12)	(0.05)	(0.07)	0.18

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Consolidated Balance Sheet

Unit: NT$ Thousand

Year Item	Con densed Financial Data of the last five years (Audited and Attested by the Cer Accountant) tified Public	Con densed Financial Data of the last five years (Audited and Attested by the Cer Accountant) tified Public	Con densed Financial Data of the last five years (Audited and Attested by the Cer Accountant) tified Public	Con densed Financial Data of the last five years (Audited and Attested by the Cer Accountant) tified Public	Con densed Financial Data of the last five years (Audited and Attested by the Cer Accountant) tified Public	Financial data as of 2021Q3 (audited by the Certified
	2020	2019	2018	2017	2016	Public Accountant)
Current assets	1 ,831,190	552,120	562,606	574,126	579,183	2,668,251
Property, plant, and equipment	31,005	31,750	32,293	32,817	32,513	30,678
Other assets	3,886	24	36	48	1,114	3,230
Total assets	1 ,866,081	583,894	594,935	606,991	612,810	2,702,159
Current liabilities	1 ,235,424	776	1,298	1,475	1,725	1,935,991
Noncurrent liabilities	70,420	68,800	68,800	68,800	68,800	196,965
Total liabilities	1 ,305,844	69,576	70,098	70,275	70,525	2,132,956
Equity attributable to the shareholders of theparent company	-	-	-	-	-	-
Stock capital	1 ,024,115	1,024,115	1,024,115	1,024,115	1,024,115	512,058
Additional paid-in capital	24,261	81,330	81,330	81,330	81,330	24,261
Retained earnings	( 466,139)	(569,127)	(558,608)	(568,729)	(563,160)	54,884
Other equities	(22,000)	(22,000)	(22,000)	(22,000)	(22,000)	(22,000)
Treasury stock	-	-	-	-	-	-
Non-controlling equity	-	-	-	-	-	-
Total equity	560,237	514,318	524,837	536,716	542,285	569,203

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Business Strategy

Adjustments to the primar y operational team included moving the Comp a ny south to Kaohsiung in July 2020 and changing the C o mpany name.

The Company’s main line o f business is still construction. In 2021, the Co m pany continued procurement of high-quality l a nd with development potential while planning and preparing projects that will raise revenues and p r ofits. These initiatives will support long-term o p erations. The Company undertakes a nd plans a diverse range of high-value project s , underscoring the importance of profit analysis to investments. The Company rigorously overse e s construction progress, enhances work quality, and i m plements cost reduction policies. Organization a l adjustments streamline the Company’s wo r kforce to lower management costs. Planning of construction p r ojects is already underway in Kaohsiung and T a inan. Projects in 2021 include single-unit and townh o use style stores and residences as well as resi d ential building projects. The operational team conduc t s extensive investigation and analysis of each project. Raising product differentiation and irreplacea b ility creates value and raises brand value.

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Operations Overview － Projecte d Development Projects, 2021 and 2022 2027

Region	Location	Area (Pings)	Floors	Projected Area for Sale (Pings)	Parking Spaces	Pro ( jected gross sales NT$1,000)	Projected Completion of Construction
Kaohsiung	Zhongyang Section, Linyuan District	1,254	14 five-story single units 24 four-story single units	~ 2,562	~39 regular spaces	458,000	2nd quarter, 2022
Tainan	Guoan Section, Annan District (Art Meridien No. 8)	835	15 levels above ground, 3 levels below ground 142 units, each 2 – 4 rooms	~ 6,500	126 regular spaces and 25 mechanical spaces	1 ,537,500	2nd quarter, 2024
Kaohsiung	Mingyi Section, Siaogang District (MOMA II)	586	15 levels above ground, 3 levels below ground 88 units, each 2 – 3 rooms	~ 4,036	91 regular spaces	735,950	3rd quarter, 2024
Kaohsiung	Sanmin District Sankuaicuo Duan	2,139	31 levels above ground, 6 levels below ground 643 units	~ 35,650	805 regular spaces	1 1,204,640	4th quarter, 2027
Tainan	Wusheng Section, West Central District	1,521	24 levels above ground, 4 levels below ground 279 units	~12,921	~290 regular spaces	3 ,876,300	2nd quarter, 2026
TOTAL		~6,335		~ 61,669		~1 7,812,390

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Vision

◆Looking ahead,abundant capital and low housing loan in t erest rates are contributing to a s t rong capital environment that will rai s e demand for homes and buildin g construction. At the same time, real estate has become a prime store of value in an environment of high domestic and global inflation.

◆TSMC’sdecision to b uild a new chip factory in Kaohsiung will lead to greater employment and purchasing power in the city. Benefits to the local housing market led the Co m o pany to continue to focus land devel pment efforts on an. Kaohsiung and Tain

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◆Timely control ove r land development, steady and stable financial

t u management and s ructure, emphasis on construction q ality, and progress oversight.

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Q &A T HANK S !

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