SINON — Investor Presentation 2021

Nov 10, 2021

==> picture [100 x 163] intentionally omitted <==

==> picture [50 x 52] intentionally omitted <==

==> picture [32 x 34] intentionally omitted <==

==> picture [300 x 221] intentionally omitted <==

2021

Sinon Corporation Investor Conference

Stock Code：1712 2021/11/11

==> picture [415 x 117] intentionally omitted <==

==> picture [61 x 98] intentionally omitted <==

01.Company Profile

==> picture [68 x 75] intentionally omitted <==

==> picture [415 x 117] intentionally omitted <==

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

3

The 7[th] Corporate Governance Evaluation

SINON ranked Top 5% of TWSE-listed companies

==> picture [240 x 306] intentionally omitted <==

4

SINON ranked Top 5% of TWSE- or TPEx-listed mid-cap companies

==> picture [240 x 306] intentionally omitted <==

5

==> picture [692 x 125] intentionally omitted <==

==> picture [39 x 39] intentionally omitted <==

==> picture [150 x 32] intentionally omitted <==

Top 5%

6% to 20%

21% to 35%

51% above[36% to 50% ]

Groups

Year

2016

2014 2015

2017 2018

2019

2020

 TWSE-listed companies Top 5%  TWSE- or TPEx-listed mid-cap companies Top 5%

6

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.

7

==> picture [34 x 32] intentionally omitted <==

Business Scopes

==> picture [707 x 460] intentionally omitted <==

----- Start of picture text -----

興農
01
03
農友
米廠 興農流栽培管理 02 代耕
代噴業者
8
----- End of picture text -----

Business Scopes

==> picture [34 x 32] intentionally omitted <==

==> picture [130 x 26] intentionally omitted <==

==> picture [144 x 209] intentionally omitted <==

==> picture [242 x 245] intentionally omitted <==

==> picture [240 x 306] intentionally omitted <==

==> picture [169 x 36] intentionally omitted <==

9

Business Scopes

==> picture [237 x 60] intentionally omitted <==

==> picture [351 x 234] intentionally omitted <==

==> picture [307 x 221] intentionally omitted <==

10

==> picture [88 x 80] intentionally omitted <==

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.

11

Business Scopes

TGAP Certified Organic Certified

Fruit and Vegetable Processing Plant: FSSC22000. HACCP. CAS Certified.

12

Business Scopes

==> picture [131 x 38] intentionally omitted <==

==> picture [108 x 54] intentionally omitted <==

==> picture [180 x 50] intentionally omitted <==

==> picture [131 x 66] intentionally omitted <==

==> picture [125 x 61] intentionally omitted <==

==> picture [154 x 109] intentionally omitted <==

==> picture [216 x 50] intentionally omitted <==

==> picture [110 x 33] intentionally omitted <==

==> picture [124 x 176] intentionally omitted <==

==> picture [170 x 31] intentionally omitted <==

==> picture [69 x 131] intentionally omitted <==

==> picture [53 x 103] intentionally omitted <==

榮獲
法國       驗證

==> picture [415 x 117] intentionally omitted <==

----- Start of picture text -----

13
----- End of picture text -----

13

==> picture [61 x 98] intentionally omitted <==

02.Financial Results

==> picture [68 x 75] intentionally omitted <==

==> picture [415 x 117] intentionally omitted <==

Revenues by Products

Unit：% of sales

Jan.-Oct./2020 Sales NT$ 14.83 billion

Jan.-Oct./2021 Sales NT$ 15.66 billion

==> picture [660 x 331] intentionally omitted <==

----- Start of picture text -----

Other,
Other
Houseware &
Houseware & 4.3% Foodservice, 4.1%
Foodservice, 10.9%
11.4%
Crop Crop
Protection, Supermarket Protection,
Supermarket
58.1% 58.5%
26.5%
26.2%
----- End of picture text -----

15

(in 2020) Revenues by Region

Unit：% of sales

==> picture [667 x 417] intentionally omitted <==

----- Start of picture text -----

4%
Europe
8%
9% North-East
Asia
China
11%
America 60%
8% Taiwan
Asia(Other)
----- End of picture text -----

16

Dividend Pa out y Item 2015 2016 2017 2018 2019 2020 Net Revenue 17.73 16.29 17.28 18.13 17.08 17.48 (NT$ billion) Net Income Attributable to : Shareholders of 0.35 0.55 0.58 0.73 0.67 0.72 the Parent (NT$ billion) Basic EPS(NT$) 1.03 1.60 1.50 1.74 1.60 1.70 Stock Dividend 0.600 0.939 1.002 1.300 1.300 1.300 p/s(NT$) Payout Ratio(%) 58.3% 58.7% 66.8% 74.7% 81.3% 76.5%

Annual Avg. Stock Price (NT$) Yield Rate (%)

15.26 14.43 16.32 17.03 18.70 19.40

6.1% 7.6%

3.9%

6.5%

7.0%

6.70%

17

	Consolidated P/L Unit：NT$ billion，%
	Item 2020 Q1-Q3 % 2021 Q1-Q3 % YoY(%)
	Net Revenue 13.48 100.0% 14.17 100.0% 5.1%
	Gross Profit 3.68 27.3% 3.95 27.8% 7.1%
	Income from Operations 0.90 6.7% 0.94 6.6% 4.8%
	Income before Income Tax 0.72 5.3% 0.91 6.4% 26.7%
	Net Income 0.60 4.4% 0.74 5.2% 23.4%
	Net Income Attributable to : Shareholders of the Parent 0.59 4.4% 0.73 5.1% 22.9%
	Basic EPS(NT$) 1.41 1.73
	18

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%	Profitability Analysis 26.4%27.5% 27.3% 27.1% 26.6% 26.9% 27.8% 3.8%4.0%5.1% 5.2% 5.2% 5.6% 6.6% ~~2.0%~~ 3.5%3.4%4.0% 4.0% 4.1% 5.2% 0 20 40 60 80 100 120 140 160 180 200 2015 2016 2017 2018 2019 2020 2021 Q1-Q3 Q4 Revenues Q3 Revenues Q2 Revenues Q1 Revenues Net Margin Operating Margin Gross Margin

%

NT$ billion

19

Debts Ratio

==> picture [675 x 416] intentionally omitted <==

----- Start of picture text -----

68.0%
66.0% 65%
64.0% 63%
62.0%
60.0%
58.0%
56%
56.0%
54%
54.0% 53%
52%
52.0% 51%
50.0%
2015 2016 2017 2018 2019 2020 2021Q3
----- End of picture text -----

20

==> picture [61 x 98] intentionally omitted <==

03.Q&A

==> picture [688 x 227] intentionally omitted <==

Thank You.

==> picture [688 x 227] intentionally omitted <==