SINON — Investor Presentation 2018

Sep 25, 2018

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2018

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Sinon Corporation Investor Conference Stock Code:1712 2018/9/26

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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$4.25 Billion

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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.

Biological Fermentation

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

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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

Organic Certified

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Business Scopes

• Educate Farmer

• Contract Production.

• Fruit and Vegetable

• Processing Plant

• ISO22000. CAS Certified.

• HACCP. TGAP Certified.

• Organic Handling Certified.

• Self- Agricultural Technology.

• Self- Experimental Farms.

• Self-Laboratory

• Rapid Screening for Pesticide Residues.

• Multiple Chemical Analysis.

• Safe Farms

• JGAP Certified.  TGAP Certified.

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 Safe Application of Pesticides Technical . Support Team

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Business Scopes

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(in 2017) Revenues by Region

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Unit ： % of sales
5%
Europe
25%
Asia
10%
58%
America
Taiwan
2%
Oceania
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Revenues by Products

Jan.-Aug./2017 Sales NT$11.24 billion

Unit ： % of sales Jan.- Aug./2018 Sales NT$12.39 billion

4.1% 9.3% 26.4%

7.2% 9.0% 24.5% 60.2% 59.3% Crop Protection

Supermarket

Houseware & Foodservice

Other

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Financial Results

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Dividend Payout

Item	2013	2014	2015	2016	2017
Net Revenue (NT$ billion)	15.72	17.29	17.73	16.29	17.28
Net Income Attributable
to : Shareholders of the	0.46	0.51	0.35	0.55	0.58
Parent(NT$ billion)
Basic EPS(NT$)	1.37	1.51	1.03	1.60	1.50
Stock Dividend p/s(NT$)	0.795	0.895	0.600	0.939	1.002
Payout Ratio(%)	58.0%	59.3%	58.3%	58.7%	66.8%
Annual Avg. Stock Price (NT$)	15.23	17.17	15.26	14.43	16.32
Yield Rate (%)	5.2%	5.2%	3.9%	6.5%	6.1%

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Consolidated P/L Unit：NT$ billion，%	Consolidated P/L Unit：NT$ billion，%	Consolidated P/L Unit：NT$ billion，%	Consolidated P/L Unit：NT$ billion，%	Consolidated P/L Unit：NT$ billion，%	Consolidated P/L Unit：NT$ billion，%
Item	2017 H1	%	2018 H1	%	YoY(%)
Net Revenue	8.45	100.0	9.45	100.0	11.9
Gross Profit	2.31	27.3	2.70	28.6	17.2
Income from Operations	0.44	5.2	0.66	7.0	51.5
Income before Income Tax	0.40	4.7	0.57	6.0	42.2
Net Income	0.33	3.9	0.47	4.9	40.8
Net Income
Attributable to : Shareholders of the	0.328	3.9	0.463	4.9	41.1
Parent
Basic EPS(NT$)	0.90		1.11

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Quarterly Revenues

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Unit：NT$ billion，Quarterly
5.5
5.0
4.5
4.0
3.5
Q1
3.0
Q2
2.5
Q3
2.0
Q4
1.5
1.0
0.5
0.0
2013 2014 2015 2016 2017 2018
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Profitability Analysis
35.0%
28.6%
30.0% 27.5% 27.3%
26.4%
25.4% 25.3%
25.0%
20.0%
Gross Margin(%)
Operating Margin(%)
15.0%
Net Margin(%)
10.0%
7.0%
5.1%
4.6% 4.3% 3.8% 4.0%
5.0%
4.9%
3.5%
3.4%
2.8% 3.0%
0.0% 2.0%
2013 2014 2015 2016 2017 2018H1
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Debts Ratio

68.0% 66.6% 66.0% 65.4% 64.7% 64.0% 62.7% 62.0% 60.0% 58.0% 56.2% 56.3% 56.0% 55.7% 54.0% 2013Q4 2014Q4 2015Q4 2016Q4 2017Q4 2018Q1 2018Q2

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Q&A

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Thank You.