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SINBON Electronics Annual Report 2020

Dec 29, 2020

52256_rns_2020-12-29_d447161a-d040-4a27-aaf3-44f740fb941e.pdf

Annual Report

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CHANGE NEW SMART LIFE

2020 Excellent Result

Achieves Excellent Results During Pandemic

  • 2020 Nov. revenue 19.883 billion
  • Increased by 17.96% over the same period last year

2020 Investors Conference Copyright © 2020 SINBON Electronics Co., Ltd. All rights reserved.

• The stock price broke the NTD\$200 at the end of October

  • Chairman Joseph Wang has been awarded the 2020 HBR top 100 CEOs in Taiwan
  • Ranked 21st
  • Total shareholders' return top 10
  • Ranked 10th

Positively Facing The Epidemic

  • Additional manpower for medical production line
  • Priority production and shipment
  • Employees are willing to help

  • Smooth internal communication
  • External customer relationship management

  • Implement epidemic prevention measures in every site
  • Employee safety first

Decentralized Production Base

Taiwan

Expand the factory Stand firm in the international supply chain

China

Growth against the trend Prioritize support for medical customers' needs

World Work from home Hold webinars

USA Factory

Chairman Joseph Wang Expresses His Appreciation to Customers and Employees

of SINBON. //Letter From Chairman

To everyone, please continue to practice safe habits such as washing hands, wear masks to protect yourself and your family, stay safe and remain positive.

Chairman

SUSTAINABLE MANAGEMENT

Changes We Have Made

industrial applications with higher barriers to entry.

Next Step

2021

Generation Transformation

New generation

Talents get the chances, so that the new generation has its own stage.

SINBON's Cultural Inheritance

SINBON Academy

Share and inherit SINBON DNA, let integrity, innovation and sharing take root in the daily life of every SINBONer.

The new generation will also participate SINBON Academy, we hope cultivate more enthusiastic colleagues for the company in the future.

Customized Classes for different colleagues, so that they can learn what they need and useful information.

Cultivate Outstanding Talents

MA Project, Intern Project and Industry-academia Cooperation

Cultivate high-level talents and hope they will eventually become leaders and decision makers, creating the value and possibilities for the company.

Introduce diversity in the workplace and find talents who are suitable for SINBON.

To cultivate talents for the industry, and fulfill corporate social responsibilities.

SINBON DNA

PRODUCT EXPERIENCE

Smart Healthcare Patient Monitor

24-hour Care For Patients

Global patient Monitoring Devices Market to hit \$27 billion by 2025

Optimize Product Lifecycle

  • Raw cable meets USA military standard
  • Firm and good in back-bending

International Certification

  • ISO 13485
  • MedAccred
  • FDA

Smart Monitor

Real-time monitoring of patient status, assisting doctors to make accurate diagnosis in real time

Smart Transport E-bike

Redefining Distance

Global e-bike sales will grow 36% and 3 million e-bikes will be sold in 2021

VCU

  • Customized VCU design
  • The core of e-bike

Smart Connection

  • IoT solution
  • Control e-bike via exclusive App
  • Smart lock / remote control / map…etc

Smart Regulation

Automatically adjust the output power according to the user's pedaling habits

Smart Transport Automotive LiDAR Sensor

Lidar Helps Automobiles Sense Obstacles At 360-degree

The global LiDAR market is expected to reach USD 2.9 billion by 2025

Collaborative Design

  • Assist customers in design process
  • Optimized engineering and process

Smart Transport

LiDAR functions, helps ADAS sense the surrounding environment of an autonomous vehicle, making the vehicle see further and clearly and even react faster to traffics.

High Standard

  • Insulation resistance ≥10⁸Ω
  • High waterproof level IP69K
  • High speed customized transmission cable (10 Gbps)

Smart Transport Marine

Sailing To The World

The global recreational boat market by revenue is expected to grow at a CAGR of over 11% during the period 2019 to 2025

Environmental adaptation

  • Waterproof and salt spray resistant
  • Strong and sturdy

Professional cooperation

  • Customized design
  • Connectors, wiring harness assembly

International Certification

  • NMEA 2000
  • ISO 25197:2012
  • Amd 1:2014

Smart Energy Wind Energy Product

The Growth Of Environmental Awareness

Global wind power market grow at a CAGR of 5.2% from 2020 to 2027

International Customer

Seven of the top ten wind turbine assembly companies in the world are SINBON's customers

Smart Energy

  • Cabinet assembly: Stable quality
  • Sensor: Well adapted to harsh environment conditions
  • Bird deterrent: Protect birds from being hurt by wind turbines and reduce environmental impact during the process

Highly Customized / SINBON Design

  • Adaptive solutions for varying environmental conditions
  • Finding the right material
  • Optimized design for customer

Smart Manufacturing Warehouse Robots/Smart Vests

Target The Automation Market

The warehouse automation market is forecast to grow at a CAGR of 12.6% during 2019 to 2023

Efficiency

Reduce warehousing labor costs and improve operational efficiency

Professional cooperation

  • Customized design
  • Professional molding and assembly technology
  • High voltage speed up charging solution

Smart Sensor

  • Warehouse Robots:Sensor routes and flexible movement
  • Smart Vests:Staffs can avoid collision by robotics after wearing the vests

Smart Logistics Unmanned Store / Drone

Unmanned Store and Logistics Help Save Manpower

Global unmanned store market is valued with a CAGR growth rate of 51.9% during 2019 to 2027

Environmental adaptation

Waterproof and shockproof、Strong and sturdy

Professional cooperation

  • Customized design
  • Connectors, wiring harness assembly
  • EM solution

Smart Function

  • Identifying obstacles
  • Fast charging solution

Smart City Underground Smart Grid Monitoring

Monitor Power Dispatch, To Predict, Warn and Prevent Major Changes in Advance

Global smart grid market grow steadily. The market value will reach 119.74 billion by 2025

Environmental adaptation

  • Resistant to animal bites
  • Water and oil resistance
  • Chemical resistance, anti-corrosion, anti-salt spray, anti-fouling

Smart Monitoring

Monitor the power grid and transmit data through communication technology

International Certification

  • UL
  • IEEE 495

COMPANY OPERATION

Never Stop Growing

2013-2020 Nov.

Gross Profit

2013-2020 Q3

Gross Profit

Rate (%)

Net Income

2013-2020 Q3

Dividend Policy

2014-2019

2014 2015 2016 2017 2018 2019
EPS(NT\$) 3.82 4.53 5.15 5.44 6.26 7.47
Cash
Dividend(NT\$)
2.80 3.10 3.70 4.00 4.50 5.30
Stock
Dividend(NT\$)
0.20 0.30 0.00 0.00 0.00 0.00
SUM 3.00 3.40 3.70 4.00 4.50 5.30
Payout Ratio 79% 75% 72% 74% 72% 71%
Year-end
Stock Price
48.9 53.8 69.3 86.3 82.8 124.0
Yield Rate 6.1% 6.3% 5.3% 4.6% 5.4% 4.3%

(Base on average price)

Magic 5 Business Segments Share

2020 Jan. – Nov.

ESG

2016-2020 Nov.

2016 2017 2018 2019 2020
Jan.-Nov.
Green
Energy
2,438 2,522 3,672 4,711 6,003
E-Bike 0 0 0 0 468
EV 5 25 147 242 424
Total 2,444 2,547 3,819 4,952 6,895
Group
Revenue
12,926 13,061 15,645 17,886 19,883

NTD Million

Dispersion Of Top Customers

2020 Q1-Q3 Top 20 Customers

Rank MAGIC Customer Share
1 G E** 8.54%
2 G & M G* 7.14%
3 G E* 6.13%
4 G G* 5.85%
5 G V* 4.36%
6 I Z**** 3.30%
7 I T** 2.69%
8 I A* 2.60%
9 C V** 2.16%
10 I S** 2.12%

2020 Top 20 Total Revenue Share: 57.52%

Rank MAGIC Customer Share
11 C G** 1.54%
12 I A*** 1.52%
13 C B** 1.50%
14 C Q* 1.36%
15 M N** 1.19%
16 I H** 1.17%
17 M U** 1.16%
18 A D**** 1.12%
19 A N** 1.12%
20 M M** 0.97%

Awards and Achievements

2020 Jun. United Imaging Excellent Supplier Award

2020 Feb. Neusoft Thanks SINBON for Strong Support During COVID-19

2020 Aug. GE Renewable Energy Thanks SINBON for Strong Support During COVID-19

2020 Aug. Sungrow

Collaboration

Best

Award

2020 Jan. & Sep. HIROSE

  • Best New Sales
  • New Market Development Awards • Best
  • Best Sales Team Award

Award

Performance

2020 Oct. PV AWARD 2020

Won Innovative Application Award

Awards and Achievements

CORPORATE SOCIAL RESPONSIBILITY

Integrity Management & Social Participation

No complaints related to regulations, anticorruption, human rights and employees were received in 2019.

Caring for The Society With Practical Actions

No complaints related to regulations, anticorruption, human rights and employees were received in 2019. 0TIMES 0TIMES

0 occupational disease cases in 2019.

SINBON Electronics won the 2020 Asia

2020 Investors Conference Copyright © 2020 SINBON Electronics Co., Ltd. All rights reserved.

SINBON social welfare event with Huashan Social Welfare Foundation

SINBON Offer Outstanding Nursing Students Scholarship for Carefree Learning

Environmentally Friendly

GREENPARTNER 100%

SINBON has passed the green partner certification of many world-renowned companies

Protects Taiwan's endangered leopard cats through practical action

2020 Investors Conference Copyright © 2020 SINBON Electronics Co., Ltd. All rights reserved.

SINBON's packaging materials are 100% recyclable materials and comply with EU packaging materials specifications

ONLY ONE

SINBON was selected as the only operator of the "Citizen's Green Energy Rooftop Participation" in Chiayi City.

World Cleanup Day Plogging Join The "Shennong Project"

SINBON adheres to the spirit of "people-oriented" and "flexible response", and faces difficulties bravely.

There will be more uncertainties in the future. SINBON hopes that it will continue to change and diligently overcome every challenge.

Chairman