SINON — Call Transcript 2021

Mar 22, 2021

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2021

Sinon Corporation Investor Conference

股票代碼：1712 2021/3/23

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01.Company Profile

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Basic Information

• Year Established:1955.

• Year Listed on TWSE: Dec./1989.

• Headquarter Location: Dadu Dist., Taichung, Taiwan.

• Chairman：Mr. HORNG PO-YEN.

• ：

• Paid-in Capital NT$4.205 Billion

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6% to 20% 21% to 35% 36% to 50% 51% above 2019 2017 2018 2016

Groups Year 2014 2015

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2020 Bio Asia-Taiwan Awards

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Winner of 2020 School Lunch Competition

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2020 Taiwan iSport Award

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Business Scopes

Chemical Synthesis

• Working with World Renowned Multinationals to Advance the Production Process and Technology.

• Develop a Sustainable Environment.

Food Safety

• To Safeguard Foods and Fresh Produce Straight from the Grower to the Table.

• To Be the Reliable Provider of Safe, Healthy, Excellent & Quality Merchandises.

Biological Fermentation

 Microbiological Crop Protection Products.  02 ECO-Friendly. 01

Crop Protection  04 03

• Assisting Growers with Crop Protection Know-How to Harvest Fresh Safe Produce.

• Excellent-Quality Crop Protection Products.

• Global Presence.

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Business Scopes

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Business Scopes

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Business Scopes

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Business Scopes

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Business Scopes

Safe Farms: JGAP Certified. TGAP Certified. Safe Application of Pesticides Technical Support Team.

Self-Laboratory. Rapid Screening for Pesticide Residues. Multiple Chemical Analysis. Self- Agricultural Technology. Educate Farmer Self- Experimental Contract Production. Farms.

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Business Scopes

TGAP Certified

Organic Certified

Fruit and Vegetable Processing Plant: ISO22000. HACCP. CAS Certified.

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Business Scopes

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02.Financial Results

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Revenues by Products

Unit：% of sales

2019

Sales NT$17.08 billion

2020 Sales NT$17.48 billion

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Houseware
Houseware Other, 4.6%
Other, 3.9%
&
&
Foodservice,
Foodservice,
11.5%
11.0%
Crop
Supermarket Crop Supermarket
Protection,
, 26.1% Protection, , 26.0%
57.9%
59.0%
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(in 2020) Revenues by Region

Unit：% of sales

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4%
Europe
8%
9% North-East
Asia
China
11%
America 60%
8% Taiwan
Asia(Other)
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Dividend Pa out y Item 2014 2015 2016 2017 2018 2019 2020 Net Revenue 17.29 17.73 16.29 17.28 18.13 17.08 17.48 (NT$ billion) Net Income Attributable to : Shareholders of 0.51 0.35 0.55 0.58 0.73 0.67 0.72 the Parent (NT$ billion) Basic EPS(NT$) 1.51 1.03 1.60 1.50 1.74 1.60 1.70 Stock Dividend 0.895 0.600 0.939 1.002 1.300 1.300 1.300 p/s(NT$) Payout Ratio(%) 59.3% 58.3% 58.7% 66.8% 74.7% 81.3% 76.5% Annual Avg. Stock Price 17.17 15.26 14.43 16.32 17.03 18.70 19.40 (NT$) Yield Rate (%) 5.2% 3.9% 6.5% 6.1% 7.6% 7.0% 6.70% 19

	Consolidated P/L Unit：NT$ billion，%
	Item 2019 % 2020 % YoY(%)
	Net Revenue 17.08 100.0% 17.48 100.0% 2.4%
	Gross Profit 4.54 26.6% 4.70 26.9% 3.6%
	Income from Operations 0.89 5.2% 0.98 5.6% 10.5%
	Income before Income Tax 0.85 5.0% 0.85 4.9% 0.6%
	Net Income 0.68 4.0% 0.72 4.1% 6.0%
	Net Income Attributable to : Shareholders of the Parent 0.675 4.0% 0.716 4.1% 6.0%
	Basic EPS(NT$) 1.60 1.70
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Profitability Analysis 30.0% 18.5 25.3%[26.4% ][27.5% 27.3% 27.1% 26.6% 26.9% ] 18 25.0% 17.5 20.0% 17 Revenues 15.0% Gross Margin 16.5 Operating Margin Net Margin 10.0% 16 5.6% 5.1% 5.2% 5.2% 4.3% 3.8% 4.0% 5.0% 15.5 4.0% 4.0% 4.1% 3.5% 3.4% 3.0% 0.0% ~~2.0%~~ 15 % 2014 2015 2016 2017 2018 2019 2020 NT$ billion

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Debts Ratio

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68.0% 67%
66.0% 65%
64.0% 63%
62.0%
60.0%
58.0%
56%
56.0%
54%
54.0% 53%
52%
52.0%
50.0%
2014 2015 2016 2017 2018 2019 2020
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03.Q&A

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Thank You.

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