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SYNCMOLD — Investor Presentation 2014
Dec 5, 2014
51868_rns_2014-12-05_7f8e298b-a5e7-4f20-8bd3-c4e0617a8130.pdf
Investor Presentation
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International Professional Excellent ���������� Syncmold Enterprise Corp
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2014/11
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�� ����������
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❖ ���������������� Leadership in Hinge and Stand products
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❖ ������������������������������� ��������� Serve tier 1 customers with own masterly technology, molding design, product development and total solutions
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❖ ���������������������ROE Deliver good business results, solid financial structure and outstanding ROE
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❖ ������������������������� Keep ahead in current position and explore new apps for growth and create value for all shareholders
Outline ��
❖ ���� Company Profile
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❖ ���� Industry Overview
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❖ ���� Financial Results
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❖ �������� Strength, Strategy & Outlook
���� Company Profile
���� Company Introduction
Syncmold, a worldwide hinge/stand leading provider, established in 1979 and listed on TWSE in 2009(code:1582)
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❖ ��Headquarter: ��� New Taipei City
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❖ ���Chairman: ��� Mr. Chen
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❖ ����Employees: �6,000 (Y2014/10)
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❖ 3Q14 ���Capital: NT$1.498B; ��Total Assets: NT$9.24B
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❖ Y2013 ��Revenue: NT$9.07B; ����EPS: NT$4.43
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❖ ����Major products:
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❖ �����component products(Monitor/TV/AIO hinge & stand)
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❖ ����plastic products(plastic mold/ plastic injection)
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�����
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���� Manufacturing Sites
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Note: S: Stand Assembly M: Mold P: Plastic Injection
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���(100%)
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���(100%)
��(SPM)���������� ��(38%)�TV���
��(S)�����SONY���
��(SPM)���
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Product Mix ����
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Y2013 1Q14-3Q14 11% 9% 15% 20% 8% 66% 9%
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62%
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AIO TV Mold
Monitor
��base on revenue breakdown ��������
����� Major Customers
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���� Industry Overview
�������� Global Monitor Shipments
M units/ source: MIC, WitsView, Digitimes
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172
167
155
141
134
131
2010 2011 2012 2013 2014F 2015F
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AIO �� ��� Global AIO Shipment
M units/ source: Digitimes, IDC
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AIO AIO Penetration rate
13%
12%
11%
9%
8%
7%
17
16
15
13 13
11
2010 2011 2012 2013 2014F 2015F
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������� Global TV Shipments
M units/ source: TRI, isuppli, Digitimes
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LCD TV
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Smart TV Penetration rate
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236
55%
212
203 204
201
190
40%
36%
29%
22%
4%
2010 2011 2012 2013 2014F 2015F
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���� Financial Results
2009-2013 Annual Results ����
Revenue:NT$B/ EPS: NT$
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EPS Revenue
9.1
8.4 8.4
6.7
5.9
5.7
5.3
4.4
3.9
3.7
2009 2010 2011 2012 2013
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������ Quarterly Results
Revenue:NT$B
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Revenue
GM%
RECORD HIGH
24% 22% 23% 23% 23% 22% 23% 23% 23% 21% 21% 2.8 2.7 2.5 2.4 2.2 2.2 2.2 ~~2.1 2.0 2.0 2.0~~ 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
Monitor Market Share �������
M units/ source: MIC, WitsView, ��������
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Syncmold Market Share
26%
24%
22%
21% 21%
35 37 37 37
32
2009 2010 2011 2012 2013
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Solid Financial Structure
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Debt Ratio 5yrs Avg: 42%
49%
45%
41% 40 %
3 7%
2009 2010 2011 2012 2013
Current Ratio Quick Ratio 5yrs Avg: current: 242%, quick: 207%
282%
263%
226% 234 %
205%
252%
223%
199 %
189%
174%
2009 2010 2011 2012 2013
ROE NI 5yrs Avg: ROE 16%, NI: 9%
21%
18%
14% 14% 14%
13%
9%
8%
7%
6%
2009 2010 2011 2012 2013
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- ������ Deliver Higher ROE
2011-2013 avg
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15.3%
10.8%
10.1%
9.3%
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�������2011-2013��������������������; ����������������� ��ROE�����/������������������
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Good Dividend Yield
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8.4%
7.6%
7.0%
6.5%
5.0%
3.2%
2008 2009 2010 2011 2012 2013
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�������� Strength, Strategy & Outlook
���� Strength
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❖ ����������������� Technology ahead of peers �����������������������������
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❖ ����������� innovative and experienced R&D, vertical integration and one stop shopping ID
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���������������������, � ��������� ����������������
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❖ ����������������������� production location close to clients, provide prompt solutions and reliable supply chain �������������� ������������
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❖ ��������������� Sound financial structure with well
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integrity management
���� Strategy
❖ ���� in house production
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‣ ������ upgrade service quality
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‣ ������ cost down
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‣ ������������ enhance component production and supply capability
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❖ ������ improve production efficiency
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‣ �������� standardized component/ parts spec
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‣ ����� automatically in production
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❖ ��������� expand market share on higher end products
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‣ ���������������������� focus on higher value-added products, i.e., light, thin, eco-friendly & high quality
���� Outlook
Fuhu Nabi Big Tab
❖ �������� Design and upgrade products with higher value
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‣ ��������� high end TV(Smart, UHD, large size) keeps penetrating
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‣ �������� smart display with peripherals & operating system
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‣ ��������������� integration with electronic peripherals and pad
Clover station high-end POS
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���� Outlook
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❖ TV ��������
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TV stand shipments grow in next few years
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‣ �������2015������������� double digit growth in 2015 by China brand shipment
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‣ ��������������������� lead metal stand replacement
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S ncmold TV y 2011 2012 2013 2014F
2010
���� Outlook
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❖ ����� explore new business
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‣ ���������(��������������������) develop medical and assistive products
‣ ���������(���������) Special display products 4.6 4.375 4.15
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3.925
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������ US$B/ BCC research, 2011
4.6 3.9
3.7
2010
2015F
����������� 1582 � Syncmold Enterprise Corp
��� Q & A Thank You for Listening
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