SINON — Investor Presentation 2017

Sep 25, 2017

2017

Sinon Corporation Investor Conference Stock Code:1712 2017/9/26

Main Point

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STEP STEP STEP 01 02 03 Company Profile Financial Results Q&A

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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$38.4 Billion (as of 30/6/2017).

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Business Philosophy

Delivering Integrity and Equity, Bringing Prosperity and Growth.

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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.

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Biological Fermentation

• Microbiological Crop Protection Products.

• � ECO-Friendly.

Crop Protection

• 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

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Business Scopes

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(in 2016) Revenues by Region

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Unit ： % of sales
5%
Europe
23%
Asia
11%
59%
America
Taiwan
2%
Oceania
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Revenues by Products Unit ： Jan.-Aug./2016 Sales NT$109.4 billion

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Unit ： % of sales
Jan.-Aug./2016 Jan.- Aug./2017
Sales NT$109.4 billion Sales NT$112.4 billion
4.0% 4.1%
8.7% 9.3%
27.4% 26.4%
59.9% 60.2%
Crop Protection
Supermarket
Houseware & Foodservice
Other
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Financial Results

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Dividend Payout

Item 2012 2013 2014 2015 2016 Net Revenue 142.2 157.2 172.9 177.3 162.9 (NT$ billion) Net Income Attributable to : Shareholders of the 4.2 4.6 5.1 3.5 5.5 Parent(NT$ billion) Basic EPS(NT$) 1.25 1.37 1.51 1.03 1.60 Stock Dividend p/s(NT$) 0.800 0.795 0.895 0.600 0.939 Payout Ratio(%) 64.0% 58.0% 59.3% 58.3% 58.7% Annual Avg. Stock Price 13.31 15.23 17.17 15.26 14.43 (NT$) Yield Rate (%) 6.0% 5.2% 5.2% 3.9% 6.5%

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		Consolidated P/L Unit：NT$	Consolidated P/L Unit：NT$	Consolidated P/L Unit：NT$	Consolidated P/L Unit：NT$	Consolidated P/L Unit：NT$	Consolidated P/L Unit：NT$	billion，%	billion，%
		Item	2016 H1	%	2017	H1	%	YoY(%)
		Net Revenue	83.3	100.0	84.5		100.0	1.4
		Gross Profit	22.8	27.4	23.1		27.3	1.1
		Income from Operations	3.5	4.1		4.4	5.2	27.0
		Income before Income Tax	3.7	4.4		4.0	4.7	8.5
		Net Income	3.1	3.7		3.3	3.9	7.3
		Net Income
		Attributable to : Shareholders of the	3.02	3.6	3.28		3.9	8.7
		Parent
		Basic EPS(NT$)	0.88		0.90

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Quarterly Revenues

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Unit：NT$ billion，Quarterly
50
45
40
35
30 Q1
25 Q2
20 Q3
Q4
15
10
5
0
2012 2013 2014 2015 2016 2017
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Profitability Analysis

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30.0%
27.5% 27.3%
26.5% 26.4%
25.4% 25.3%
25.0%
20.0%
Gross Margin(%)
15.0%
Operating Margin(%)
Net Margin(%)
10.0%
5.2%
4.6% 4.3% 3.8% 4.0%
5.0% 3.2%
3.5% 3.9%
2.9% 2.8% 3.0% 2.0%
0.0%
2012 2013 2014 2015 2016 2017H1
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Debts Ratio

68.0% 66.0% 64.0% 62.0%

60.0%

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66.6% 65.4% 64.7% 63.3% 62.7%

60.2% 60.0%

58.0%

56.0%

2012Q4 2013Q4 2014Q4 2015Q4 2016Q4 2017Q1 2017Q2

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Q&A

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Thank You for Your Attention.

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