SE CEMENT — Interim / Quarterly Report 2024

Sep 10, 2024

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INVESTOR SEMINAR 2024 Q2

Stock ID ： 1110

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The contents discussed in this briefing and in the conferences are prepared based on existing information. Some of the financial or businessrelated information may contain descriptions about the Company’s future prospects. These descriptions are prone to risks and uncertainties, and may lead to outcomes that are different from . those described in this briefing

The Company is not responsible for future updates or amendments to this briefing. Contents of this report have been published solely for the purpose of information exchange and should not be construed as investment recommendations.

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• Company Highlights

• Operating Highlights

• Financial Highlights

◦ Corporate Carbon Reduction

◦ Q&A

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Company
Highlights
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December 28,1956 Founder Mr. Chiang-Chang Chen founded Southeast Cement

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1
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2 October 1994 Shares listed on TWSE for trading July 2003 3 New Product Water-quenched blast furnace slag 4 September 2023 Kaohsiung Port Terminal officially opened transformation into a distributor

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Southeast Investment Co., Southeast Nan Hsia Ltd. Paper Timber Co., Manufacturing Ltd. Co., Ltd. Dong Nai CHC Resources Southeast Construction Corporation cement Co., Ltd. Co., Ltd. Investments Southeast and affiliated Dayang Construction Construction Co., Ltd. enterprises Co.,Ltd Southeast Taiwan Topgood Machinery Resources Shipyard Co. Southeast Milo Recycling Co., ,Ltd. International Ltd. Co., Ltd.

Main Business Items

Cement and furnace slag Business

Land development Business

Ready-mix Concrete Business

Circular Economy Business

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	6 Production/Buy-in Sales Type Cement Slag Cement Slag 196,354 79,649 229,982 80,759 267,788 96,949 288,143 89,255 Differential discrepancy Unit:ton

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Operating
Highlights
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Cement and furnace slag Business Southeast cement

 The spirit of "satisfactory service is the supreme priority to guarantee quality with our own brand name"

 Kaohsiung, Pingtung, and Tainan areas to develop and invest in the construction of residential buildings and house.

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Operating
Highlights
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Land development Business

Dong Nai Construction

 Two projects in Pingtung City have been built and completed for sale in 2017 and 2019.

• 80% of the 27-unit homes in the 2024 Pending Sales Program have been sold.

Under construction

41 houses in the Dongan section in Dongshan District of Tainan city Expected to obtain the use license in the third quarter of 2024.

140 households elevator residence in the Dalian section of Pingtung City Expected to obtain the use license in the third quarter of 2024.

20 houses in the Wufu Section in Chaozhou Township of Pingtung City

IN 2024 has been declared as the start of construction.

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Operating
Highlights
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Land development Business Dong Nai Construction

Planning cases

16 houses in the frontage area and 128 households elevator residence in the west section of New Hougang in Renwu District of Kaohsiung City. Construction is expected to commence in 2025.

144 households elevator residence in the Fu Chun Section in Chaozhou Township of Pingtung County Construction is expected to commence in the 4th quarter of 2024.

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• Revitalization of 16,129.6 ping of owned land in Kaohsiung Asia New Bay Area

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Operating
Highlights
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 The overall planning is divided into Area A (on the side of Fuxing Road) Establishment of outlets by major retailers Area B (on the side of Chenggong Road) 12 large two-storey stores with flat parking lots

Land development Business

• The operation focuses on commercial space development.

Southeast Milo

Store mode will be toward the development of independent individual stores in the future.

International

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 Kaohsiung Factory

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Unit:cubic meter
Production Sales
Operating
Type Ready-mix Concrete
Highlights
125,944 125,165
Ready-mix Concrete
Business
56,549 45,518
Southeast Topgood Differential
Resources Recycling discrepancy
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 Dafa Factory

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Operating
Highlights
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Circular Economy Business

Southeast Topgood Resources Recycling

• Receiving general industrial waste.

• The recycled concrete granule products are produced and then handed over to the Kaohsiung factory to be manufactured into CLSM and other cement products.

Resource Recycling

• It is expected to complete the plant construction

• and equipment introduction in the fourth quarter of 2024 and then apply for trial operation. • It will be put into production in the first quarter of

• 2025 after obtaining the operating license.

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Unit: thousand dollars

2024/12023 2022 2021 2024/6 Operating Financial 1,181,516 2,273,518 1,794,015 1,846,785 revenues Highlights Gross profit 195,106 203,879 121,279 134,568 Consolidated Operating 137,077 59,378 (31,499) 12,054 income statement profit Current net 114,170 156,053 108,124 133,811 income

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Unit: thousand dollars

	2024/1- **2024/6 **	%	2023	%	2022	%	2021	%
Cash and cash equivalents	266,127	2.1%	287,887	2.4%	296,374	2.5%	419,504	3.8%
Notes and accounts receivable	698,800	5.6%	604,211	5.1%	374,887	3.1%	341,504	3.1%
Inventory	1,344,427	10.8%	1,188,767	10.1%	1,016,152	8.5%	841,074	7.7%
Current assets	2,736,307	22.1%	2,485,708	21.0%	2,486,102	20.7%	2,053,373	18.7%
Total assets	12,404,924	100.0%	11,821,562	100.0%	11,989,689	100.0%	10,958,500	100.0%
Short-term borrowing	1,220,000	9.8%	898,000	7.6%	1,530,000	12.8%	1,240,000	11.3%
Accounts payable	252,399	2.0%	263,293	2.2%	250,786	2.1%	194,523	1.8%
Current liabilities	2,066,813	16.7%	1,740,711	14.7%	2,381,025	19.8%	1,683,431	15.4%
Non-current liabilities	1,116,406	9.0%	1,055,613	8.9%	881,996	7.4%	564,360	5.1%
Total shareholders’eq uity	9,221,705	74.3%	9,025,238	76.4%	8,726,668	72.8%	8,710,709	79.5%

Unit: thousand dollars

Financial Highlights

Consolidated

revenue performance

	2024/1-2024/6	2023/1-2023/6	Annual growth (decline)
Operating revenues	1,181,516	1,143,437	3.33%
Gross profit	195,106	147,053	32.68%
Operating profit	137,077	72,382	89.38%
Other income/expenses	(247)	26,802	(100.92%)
Pre-tax profit	136,830	99,184	37.96%
Current net income	114,170	84,795	34.64%
Other comprehensive income- current	196,863	148,164	32.87%
Total comprehensive income- current	311,033	232,959	33.51%
Net profits attributable to shareholders of owners of the parent	87,886	101,031	(13.01%)
Net profits attributable to non- controlling interests	26,284	(16,236)	261.89%
Earnings per share	0.15	0.18	(16.67%)
Closing outstanding shares(thousand shares)	572,000	572,000	-

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2024/1-2024/6 2023/1-2023/6 Financial Debt Asset ratio (%) 25.66% 28.60% Current Ratio (%) 132.39% 130.74% Highlights Return on Assets (%) 1.06% 0.83% Consolidated Return on equity (%) 1.25% 0.96% financial analysis for the most recent Profit margin (%) 9.66% 7.42% year Earnings per share 0.15 0.18 (NTD)

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Corporate
Carbon
Reduction
and
Sustainable
Operation
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	Through the SME
	Cement clinker made in- house by the M01 process was stopped and purchased instead, significantly reducing carbon emissions by approximately 570,000 Accelerated Investment Program of Small and Medium Enterprise and Startup Administration Ministry of Economic Affairs, the Subsidiary is one of the enterprises that are committed to the reduction Estimated 1041KW of rooftop solar power systems to be built. Estimated total annual electricity generation
	metric tons per year. of carbon emissions. 1,139,884KW.
	2050 Net Zero Emission 2024 2023 2022 2021 2017
	Built a rooftop solar Stopping the production of
	power system of cement and switching to the
	640KW and has sale of purchased cement
	generated 1,810,025 products in bulk and
	kWh of electricity by packaging will reduce carbon
	the second quarter of emissions by about 19,000
	2024. tons per year.

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Corporate Carbon Reduction and Sustainable Operation

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Southeast Topgood Resources Recycling Recycled Products

Low-corbon air-cooled blast-furnace slag concrete

• ‧ Cooperated with CSC in the R&D of new low carbon concrete proportioning to reduce carbon emissions from concrete

• ‧ Air-cooled blast-furnace stone is a recycled material that replaces natural resource materials

• ‧ Comply with the principles of circular economy and reuse with carbon reduction ratio as high as 25~45%

• ‧ The project results have been applied to the construction of the United Steel Engineering-Yanbei section of the building

• ‧ Obtained CETES certification from Taiwan Construction Research Institute

• ‧ The research results have been published in the first quarter of 2024 in the journal “Concrete Technology”

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Q&A THANKS!

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