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SVBI Interim / Quarterly Report 2021

Oct 1, 2021

51921_rns_2021-10-01_8ca90c7f-4957-43b6-8b01-7e76e8777d67.pdf

Interim / Quarterly Report

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Investor Conference 2021

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科妍生物科技股份有限公司 SciVision Biotech Inc.

Dr. Chun Chang Chen Project Manager | R&D Dept.

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This slide contains our business prospect, financial condition and sales which are derived from our prognosis existing internal/external data analysis. The actual result of operations may differ from the expressed or implied in these forward-looking statements due to various reasons, including but not limited to price fluctuation, competition, global economic condition, exchange rate fluctuation, market demand or other risks that beyond our control. The forward-looking statements in this release reflect the current belief of SciVision at this point and SciVision undertakes no obligation to update these statements with new information or future events.

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1. Company & Product &Technology Overview

2. Business Operation

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Established in 2001

  • Listed on TSE in 2013 (Code: 1786)

Professional high-class, pharmaceutical-grade Hyaluronic Acid medical device production

Two factories are located at No. 1, S. 1st Rd., and No. 9, S. 6th Rd., Qianzhen Dist., Kaohsiung City, Taiwan

  • Follow to GMP, ISO 13485, US FDA and PIC/s GMP standards

Produces at least 12 million syringes of medical device annually

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(Crosslinked Hyaluronic Acid Platform, CHAP ® )

Cross-linking Knowledge Inspection method ® The application of CHAP CHAP technology can be made into products of various types and applications Absorbable Single-injection Dermal Other new application adhesion barrier viscosupplement filler category products

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International Partnership

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Global market Applied field Items CAGR value in 2020 Facial Aesthetics Dermal Filler 1.8 billion 9.0 %

Synovial Fluid Geriatrics Care 2.3 billion 6.1 % Supplement Absorbable Surgery 3.3 billion 8.9 % Adhesion Barrier

Source:

  1. Facial Aesthetics (Botulinum Toxin, Dermal Fillers), GlobalData

  2. Hyaluronic Acid Viscosupplementation | Medtech 360 | Market Analysis | Global | 2019 , DRG 3. ANTI-ADHESION PRODUCTS 2012, Global Industry Analysts, Inc.

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Monophasic Fillers Biphasic Fillers (Smooth gel type) (Particle type)

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Product advantages ✓ High safety performance ✓ Strong structural support ✓ Shift resistance

Product advantages ✓ High safety performance ✓ Smooth and natural ✓ Easy operation

✓ Excellent viscoelasticity ✓ Sufficient active ingredients ✓ Good resistance to degradation

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  1. A Guide to Cheek Augmentation: Single-Point Deep Injection of Hyaluronic Acid Filler at Midface in Close Proximity to Medial Suborbicularis Oculi Fat (SOOF) Area. Journal of Cosmetics, Dermatological Sciences and Applications. 2016 Jan 06(01):1-8.

  2. Use of High-Resolution Ultrasound (HRU) in the Assessment of Deep Injections of CHAP-Hyaluronic Acid (CHAP-HA) Fillers for Midface Lift. Journal of Cosmetics, Dermatological Sciences and Applications. 2018 Jan 08(03):126-132.

  3. Dual-Plane Injection Technique With Microscale Tumescent Solution for Asian Rhinoplasty. Dermatol Surg. 2021 Jul 1;47(7):1015-1016.

  4. CHAP–hyaluronic acid (CHAP-HA) filler as an optimal candidate for forehead filler augmentation using a 3-point injection technique. Journal of Cosmetics, Dermatological Sciences and Applications. 2021 Jan 11(02):76-83.

Product injected around the eye was safe and effective, with high usage satisfaction

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Product has good Develop injection Guidelines for tissue compatibility guidelines for high-risk forehead areas augmentation

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Global market Applied field Items CAGR value in 2020 Facial Aesthetics Dermal Filler 1.8 billion 9.0 % Synovial Fluid Geriatrics Care 2.3 billion 6.1 % Supplement Absorbable Surgery 3.3 billion 8.9 % Adhesion Barrier

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Product
category
Treatment description Global
CAGR of
treatments
Products Products
1-injection Effect could be lasted for
regimen more than half a year with 10.2%
(Long-acting) administrating 1 syringe. 1 syringe per year Anti-free Radical
Super Long-Acting Type Protection Type
Effect could be lasted for
3-injection
regimen
half a year with
administrating 3 syringes
continuously , 1 syringe
5.9%
per week. Best-selling products in Taiwan
Effect could be lasted for
5-injection
regimen
half a year with
administrating 5 syringes
continuously , 1 syringe
5.5%
per week.

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Source: Hyaluronic Acid Viscosupplementation | Medtech 360 | Market Analysis | Global | 2019 , DRG

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  1. The effect of three weekly intra-articular injections of hyaluronate on pain, function, and balance in patients with unilateral ankle arthritis. J Bone Joint Surg Am. 2011 Sep 21;93(18):1720-6.

  2. Changes of synovial fluid protein concentrations in supra-patellar bursitis patients after the injection of different molecular weights of hyaluronic acid. Exp Gerontol. 2014 Apr;52:30-5.

  3. Comparison of Single Intra-Articular Injection of Novel Hyaluronan (HYA-JOINT Plus) with Synvisc-One for Knee Osteoarthritis: A Randomized, Controlled, Double-Blind Trial of Efficacy and Safety. J Bone Joint Surg Am. 2017 Mar 15;99(6):462-471.

  4. Origin and Efficacy of Hyaluronan Injections in Knee Osteoarthritis: Randomized, Double-Blind Trial. Med Sci Monit. 2018 Jul 9;24:4728-4737.

  5. Improvement of self-reported functional scores and thickening of quadriceps and femoral intercondylar cartilage under ultrasonography after single intra-articular injection of a novel cross-linked hyaluronic acid in the treatment of knee osteoarthritis. J Back Musculoskelet Rehabil. 2018;31(4):709-718.

  6. Safety and efficacy of single CHAP Hyaluronan injection versus three injections of linear Hyaluronan in pain relief for knee osteoarthritis: a prospective, 52-week follow-up, randomized, evaluator-blinded study. BMC Musculoskelet Disord. 2021 Jun 23;22(1):572.

  7. Comparing efficacy of intraarticular single crosslinked Hyaluronan (HYAJOINT Plus) and platelet-rich plasma (PRP) versus PRP alone for treating knee osteoarthritis. Sci Rep. 2021 Jan 8;11(1):140.

The pain relief effect is better than Sanofi's one-injection produc.t

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The effect can be maintained for more The thickness of the quadriceps and than one year, with high satisfaction. cartilage improved significantly at 3 and 6 months after surgery.

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Applied field
Items
Global market
value in 2020
CAGR
Facial Aesthetics
Dermal Filler
1.8 billion
9.0 %
Geriatrics Care
Synovial Fluid
Supplement
2.3 billion
6.1 %
Surgery
Absorbable
Adhesion Barrier
3.3 billion
8.9 %
Listed Core Products

For gynecological For ligament, peripheral pelvic surgery nerve, joint surgery

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Product advantages ✓ High Biocompatibility ✓ Easy to apply ✓ Shift resistance

Product advantages ✓ High Biocompatibility ✓ Easy to apply ✓ Shift resistance ✓ Long effective protection time

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  1. A resorbable hyaluronic acid hydrogel to prevent adhesion in porcine model under laparotomy pelvic surgery. J Appl Biomater Funct Mater. Jan-Dec 2021;19.

  2. Crosslinked Hyaluronic Acid Gels for the Prevention of Intrauterine Adhesions after a Hysteroscopic Myomectomy in Women with Submucosal Myomas: A Prospective, Randomized, Controlled Trial. Life. 2020 May 15;10(5):67.

  3. Efficacy of Applying Hyaluronic Acid Gels in the Primary Prevention of Intrauterine Adhesion after Hysteroscopic Myomectomy: A Meta-Analysis of Randomized Controlled Trials. Life. 2020 Nov 15;10(11):285.

Product could effectively avoid or slow down the occurrence of postoperative adhesions.

Product could effectively avoid or slow down the occurrence of postoperative adhesions and was significantly better than competing products.

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1. Company & Product &Technology Overview

2. Business Operation

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Profit & Loss-Consolidated
Unit:NT thousand dollars
(except for EPS)
Revenue
238,033
100%
213,994
100%
Cost of Goods Sold
(72,918) -31%
(61,433) -29%
Gross Profit
165,115
69%
152,561
71%
Operating Expense
(100,765) -42%
(88,098) -41%
Operating Income
64,350
27%
64,463
30%
Non-operating Income,Net
(5,177)
-2%
3,872
2%
Income before Tax
59,173
25%
68,335
32%
Net Income
56,269
24%
58,704
27%
EPS(NT$)
0.92
0.96
H1,'21
(Reviewed)
H1,'20
(Reviewed)
Profit & Loss-Consolidated
Unit:NT thousand dollars
(except for EPS)
Revenue
238,033
100%
213,994
100%
Cost of Goods Sold
(72,918) -31%
(61,433) -29%
Gross Profit
165,115
69%
152,561
71%
Operating Expense
(100,765) -42%
(88,098) -41%
Operating Income
64,350
27%
64,463
30%
Non-operating Income,Net
(5,177)
-2%
3,872
2%
Income before Tax
59,173
25%
68,335
32%
Net Income
56,269
24%
58,704
27%
EPS(NT$)
0.92
0.96
H1,'21
(Reviewed)
H1,'20
(Reviewed)
Profit & Loss-Consolidated
Unit:NT thousand dollars
(except for EPS)
Revenue
238,033
100%
213,994
100%
Cost of Goods Sold
(72,918) -31%
(61,433) -29%
Gross Profit
165,115
69%
152,561
71%
Operating Expense
(100,765) -42%
(88,098) -41%
Operating Income
64,350
27%
64,463
30%
Non-operating Income,Net
(5,177)
-2%
3,872
2%
Income before Tax
59,173
25%
68,335
32%
Net Income
56,269
24%
58,704
27%
EPS(NT$)
0.92
0.96
H1,'21
(Reviewed)
H1,'20
(Reviewed)
Profit & Loss-Consolidated
Unit:NT thousand dollars
(except for EPS)
Revenue
238,033
100%
213,994
100%
Cost of Goods Sold
(72,918) -31%
(61,433) -29%
Gross Profit
165,115
69%
152,561
71%
Operating Expense
(100,765) -42%
(88,098) -41%
Operating Income
64,350
27%
64,463
30%
Non-operating Income,Net
(5,177)
-2%
3,872
2%
Income before Tax
59,173
25%
68,335
32%
Net Income
56,269
24%
58,704
27%
EPS(NT$)
0.92
0.96
H1,'21
(Reviewed)
H1,'20
(Reviewed)
11.2%
18.7%
8.2%
14.4%
-0.2%
-233.7%
-13.4%
-4.1%
Annual
growth rate
H1,'21
(Reviewed)
H1,'20
(Reviewed)
238,033
100%
(72,918) -31%
165,115
69%
(100,765) -42%
64,350
27%
(5,177)
-2%
59,173
25%
56,269
24%
213,994
100%
(61,433) -29%
152,561
71%
(88,098) -41%
64,463
30%
3,872
2%
68,335
32%
58,704
27%
0.92 0.96

2021 Jan.~Jun. & 2020 Jan.~Jun.

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2021 Jan.~Jun. & 2020 Jan.~Jun.

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Balance Sheet-Consolidated
Unit:NT thousand dollars
Cash and Cash Equivalents
616,055
27%
293,159
15%
Accounts Receivable
67,496
3%
55,371
3%
Inventories
52,797
2%
31,106
2%
Current Financial Assets at Fair Value
through Profit or Loss
-
0%
53,500
3%
Amortized Cost Financial Assets
99,927
4%
133,998
7%
Property,Plant & Equipment
1,283,340
56%
1,257,559
65%
Other Current/Non-Current Assets
160,944
7%
98,546
5%
Total Assets
2,280,559
100%
1,923,239
100%
Current Liabilities
421,933
18%
226,328
11%
Long-Term & Other Liabilities
398,194
17%
356,766
19%
Total Liabilities
820,127
36%
583,094
30%
Total Shareholders' Equities
1,460,432
64%
1,340,145
70%
Key Indices
A/R Turnover (Days)
51.90
49.69
Inventory Turnover (Days)
123.51
95.14
Current Ratio(x)
205.56%
262.75%
Net Profit Margin(%)
23.64%
27.43%
2021/6/30
(Reviewed)
2020/6/30
(Reviewed)
Balance Sheet-Consolidated
Unit:NT thousand dollars
Cash and Cash Equivalents
616,055
27%
293,159
15%
Accounts Receivable
67,496
3%
55,371
3%
Inventories
52,797
2%
31,106
2%
Current Financial Assets at Fair Value
through Profit or Loss
-
0%
53,500
3%
Amortized Cost Financial Assets
99,927
4%
133,998
7%
Property,Plant & Equipment
1,283,340
56%
1,257,559
65%
Other Current/Non-Current Assets
160,944
7%
98,546
5%
Total Assets
2,280,559
100%
1,923,239
100%
Current Liabilities
421,933
18%
226,328
11%
Long-Term & Other Liabilities
398,194
17%
356,766
19%
Total Liabilities
820,127
36%
583,094
30%
Total Shareholders' Equities
1,460,432
64%
1,340,145
70%
Key Indices
A/R Turnover (Days)
51.90
49.69
Inventory Turnover (Days)
123.51
95.14
Current Ratio(x)
205.56%
262.75%
Net Profit Margin(%)
23.64%
27.43%
2021/6/30
(Reviewed)
2020/6/30
(Reviewed)
Balance Sheet-Consolidated
Unit:NT thousand dollars
Cash and Cash Equivalents
616,055
27%
293,159
15%
Accounts Receivable
67,496
3%
55,371
3%
Inventories
52,797
2%
31,106
2%
Current Financial Assets at Fair Value
through Profit or Loss
-
0%
53,500
3%
Amortized Cost Financial Assets
99,927
4%
133,998
7%
Property,Plant & Equipment
1,283,340
56%
1,257,559
65%
Other Current/Non-Current Assets
160,944
7%
98,546
5%
Total Assets
2,280,559
100%
1,923,239
100%
Current Liabilities
421,933
18%
226,328
11%
Long-Term & Other Liabilities
398,194
17%
356,766
19%
Total Liabilities
820,127
36%
583,094
30%
Total Shareholders' Equities
1,460,432
64%
1,340,145
70%
Key Indices
A/R Turnover (Days)
51.90
49.69
Inventory Turnover (Days)
123.51
95.14
Current Ratio(x)
205.56%
262.75%
Net Profit Margin(%)
23.64%
27.43%
2021/6/30
(Reviewed)
2020/6/30
(Reviewed)
Unit:NT thousand dollars 2021/6/30
(Reviewed)
2020/6/30
(Reviewed)
Cash and Cash Equivalents
Accounts Receivable
Inventories
Current Financial Assets at Fair Value
through Profit or Loss
Amortized Cost Financial Assets
Property,Plant & Equipment
Other Current/Non-Current Assets
Total Assets
Current Liabilities
616,055
27%
67,496
3%
52,797
2%
-
0%
99,927
4%
1,283,340
56%
160,944
7%
293,159
15%
55,371
3%
31,106
2%
53,500
3%
133,998
7%
1,257,559
65%
98,546
5%
1,923,239
100%
226,328
11%
2,280,559
100%
421,933
18%
Long-Term & Other Liabilities
Total Liabilities
Total Shareholders' Equities
Key Indices
A/R Turnover (Days)
Inventory Turnover (Days)
Current Ratio(x)
Net Profit Margin(%)
398,194
17%
356,766
19%
820,127
36%
583,094
30%
1,460,432
64%
1,340,145
70%
51.90
123.51
205.56%
23.64%
49.69
95.14
262.75%
27.43%
Cash Flows-Consolidated
Unit:NT thousand dollars
From Operating Activities
Profit before tax
Depreciation & Amortisation
Net change in working capital
From Investing Activities
amortised cost
through Profit or Loss
Capital expenditure
Net change in Investing item
From Financing Activities
Short-term loans
Long-term loans
Net change in Fincncing item
Net Change in Cash
Beginning Balance
Ending Balance
Free Cash Flow
(8,704)
(7,519)
(150,905)
(104,971)
0
67,689
59,173
68,335
19,730
6,873
54,935
49,909
616,055
293,159
(84,175)
(38,391)
(15,264)
(17,780)
0
(603)
(606)
218,691
(37,888)
397,364
331,047
299,397
(606)
0
0
300,000
(51,466)
(50,000)
1,200
H1,'21
(Reviewed)
H1,'20
(Reviewed)
70,199
Cash Flows-Consolidated
Unit:NT thousand dollars
From Operating Activities
Profit before tax
Depreciation & Amortisation
Net change in working capital
From Investing Activities
amortised cost
through Profit or Loss
Capital expenditure
Net change in Investing item
From Financing Activities
Short-term loans
Long-term loans
Net change in Fincncing item
Net Change in Cash
Beginning Balance
Ending Balance
Free Cash Flow
(8,704)
(7,519)
(150,905)
(104,971)
0
67,689
59,173
68,335
19,730
6,873
54,935
49,909
616,055
293,159
(84,175)
(38,391)
(15,264)
(17,780)
0
(603)
(606)
218,691
(37,888)
397,364
331,047
299,397
(606)
0
0
300,000
(51,466)
(50,000)
1,200
H1,'21
(Reviewed)
H1,'20
(Reviewed)
70,199
Cash Flows-Consolidated
Unit:NT thousand dollars
From Operating Activities
Profit before tax
Depreciation & Amortisation
Net change in working capital
From Investing Activities
amortised cost
through Profit or Loss
Capital expenditure
Net change in Investing item
From Financing Activities
Short-term loans
Long-term loans
Net change in Fincncing item
Net Change in Cash
Beginning Balance
Ending Balance
Free Cash Flow
(8,704)
(7,519)
(150,905)
(104,971)
0
67,689
59,173
68,335
19,730
6,873
54,935
49,909
616,055
293,159
(84,175)
(38,391)
(15,264)
(17,780)
0
(603)
(606)
218,691
(37,888)
397,364
331,047
299,397
(606)
0
0
300,000
(51,466)
(50,000)
1,200
H1,'21
(Reviewed)
H1,'20
(Reviewed)
70,199
Unit:NT thousand dollars H1,'21
(Reviewed)
H1,'20
(Reviewed)
From Operating Activities 70,199 67,689
Profit before tax
Depreciation & Amortisation
Net change in working capital
(8,704)
59,173
19,730
(7,519)
68,335
6,873
From Investing Activities (150,905) (104,971)
amortised cost
through Profit or Loss
Capital expenditure
Net change in Investing item
(84,175)
(15,264)
0
(51,466)
(38,391)
(17,780)
(50,000)
1,200
From Financing Activities 299,397 (606)
Short-term loans
Long-term loans
Net change in Fincncing item
(603)
0
300,000
0
(606)
0
Net Change in Cash 218,691 (37,888)
Beginning Balance 397,364 331,047
Ending Balance 616,055 293,159
Free Cash Flow 54,935 49,909

Million dollars

Million dollars

Revenue

Net Profit

Gross and Operating Margin

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Cash Generated From Operations Before Interest And Taxes

Million dollars

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Science Creates Better Visions

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