AI assistant
SYNCMOLD — Investor Presentation 2016
Sep 1, 2016
51868_rns_2016-09-01_3bb4232c-f763-4f78-8a31-ae16fca06ef3.pdf
Investor Presentation
Open in viewerOpens in your device viewer
International Professional Excellent ���������� Syncmold Enterprise Corp
==> picture [209 x 211] intentionally omitted <==
2016/8
-
�� ����������
-
❖ ���������������� Leadership in Hinge and Stand products
-
❖ ������������������������������� ��������� Serve tier 1 customers with own masterly technology, molding design, product development and total solutions
-
❖ �����������������ROE����� Deliver good business results, sound financial structure, higher ROE and attractive dividend yield
-
❖ ������������������������� Keep ahead in current position and explore new apps for growth and create value for all shareholders
Outline ��
-
❖ ���� Company Profile
-
❖ ���� Financial Results
-
❖ �������� 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)
-
❖ ��Headquarter: ��� New Taipei City
-
❖ ���Chairman: ��� Mr. Chen
-
❖ ����Employees: �5,300(2016/6)
==> picture [183 x 148] intentionally omitted <==
----- Start of picture text -----
��
----- End of picture text -----
��
-
❖ 2Q16 ���Capital: NT$1.498B; ��Total Assets: NT$9.38B
-
❖ Y2016H1��Revenue: NT$4.36B; ����EPS:NT$2.38
-
❖ Y2015 ��Revenue: NT$9.46B; ����EPS: NT$5.28
-
❖ ����Major products:
-
❖ �����component products(Monitor/TV/AIO hinge & stand)
-
❖ ����plastic products(plastic mold/ plastic injection)
==> picture [159 x 170] intentionally omitted <==
==> picture [136 x 48] intentionally omitted <==
----- Start of picture text -----
�����
----- End of picture text -----
���� Manufacturing Sites
Note: S: Stand Assembly M: Mold P: Plastic Injection
==> picture [563 x 140] intentionally omitted <==
----- Start of picture text -----
�
���(100%)
��(100%)(S)�������������
�
�� �� ���
----- End of picture text -----
==> picture [776 x 343] intentionally omitted <==
----- Start of picture text -----
��(100%)(S)�����������
�
���(100%)
��(S)������
��(PM)���������
�����
�
���(100%)
��(SPM)������ ��(38%)�TV���
��(S)�SONY
��(SPM)����SONY
----- End of picture text -----
�������� High-End Model
==> picture [158 x 285] intentionally omitted <==
==> picture [172 x 152] intentionally omitted <==
==> picture [442 x 256] intentionally omitted <==
==> picture [284 x 308] intentionally omitted <==
==> picture [285 x 195] intentionally omitted <==
������ Electronic Peripherals
==> picture [265 x 296] intentionally omitted <==
==> picture [274 x 148] intentionally omitted <==
==> picture [196 x 207] intentionally omitted <==
==> picture [256 x 135] intentionally omitted <==
==> picture [186 x 188] intentionally omitted <==
==> picture [210 x 193] intentionally omitted <==
Product Mix ����
==> picture [137 x 80] intentionally omitted <==
==> picture [69 x 110] intentionally omitted <==
1H16 Y2015 8% 10% 10% 14% 6% 6% 70% 76% Monitor AIO TV Mold&Electronic
==> picture [126 x 150] intentionally omitted <==
==> picture [108 x 136] intentionally omitted <==
��base on revenue breakdown ��������
����� Major Customers
==> picture [136 x 194] intentionally omitted <==
==> picture [135 x 56] intentionally omitted <==
==> picture [135 x 190] intentionally omitted <==
==> picture [133 x 126] intentionally omitted <==
==> picture [135 x 62] intentionally omitted <==
==> picture [134 x 64] intentionally omitted <==
==> picture [135 x 27] intentionally omitted <==
==> picture [135 x 194] intentionally omitted <==
==> picture [134 x 64] intentionally omitted <==
==> picture [133 x 67] intentionally omitted <==
==> picture [135 x 256] intentionally omitted <==
==> picture [132 x 64] intentionally omitted <==
==> picture [133 x 28] intentionally omitted <==
==> picture [133 x 64] intentionally omitted <==
==> picture [134 x 65] intentionally omitted <==
==> picture [135 x 64] intentionally omitted <==
==> picture [133 x 64] intentionally omitted <==
==> picture [134 x 28] intentionally omitted <==
���� Financial Results
==> picture [1024 x 768] intentionally omitted <==
----- Start of picture text -----
2009-2015���� Annual Results
Revenue:NT$B/ EPS: NT$
EPS Revenue
5.69 5.71
5.27 5.28
4.43
3.85
3.71
10.1
9.5
9.1
8.4 8.4
6.7
5.9
2009 2010 2011 2012 2013 2014 2015
----- End of picture text -----
������ Quarterly Results
Revenue:NT$B
==> picture [18 x 18] intentionally omitted <==
Revenue
GM%
Net profit ratio
24% 24% 25% 22% 23% 23% 23% 21% 22% 23% 21% 23% 23% 23% 21% 23% 23% 21% 10% 9% 9% 10% 9% 9% 10% 9% ~~8% 8% 7% 7% 7% 7% 7%~~ 7% 7% 6% 2.8 2.7 2.7 2.6 2.5 2.4 2.4 2.3 2.3 2.2 2.2 2.2 2.2 ~~2.1 2.0 2.0 2.0 2.0~~
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Monitor Market Share ������
unit: M; rev:NT$B / source: MIC, WitsView, ��������
==> picture [813 x 502] intentionally omitted <==
----- Start of picture text -----
Syncmold Monitor Market Share Monitor Revenue
6.8
6.6
6.5
6.3
5.9
5.3
5.2
28%
26%
24%
23%
22%
21% 21%
32 35 37 37 37 32 34
2009 2010 2011 2012 2013 2014 2015
----- End of picture text -----
==> picture [947 x 610] intentionally omitted <==
----- Start of picture text -----
Solid Financial Structure
������
ROE NI Avg: ROE 15%, NI: 8%
18%
16%
1 4% 14% 14% 14 %
8 % 9% 9% 8%
7%
6%
2010 2011 2012 2013 2014 2015
Avg: 43%
Debt Ratio
49%
4 5% 44%
41% 40% 40 %
2010 2011 2012 2013 2014 2015
Current Ratio Quick Ratio Avg: current: 242%, quick: 207%
307%
263%
205% 226% 234% 216%
272%
223%
199%
174% 189% 184%
----- End of picture text -----
2010
2011
2012
2013
2014
2015
������ Deliver Higher ROE
==> picture [912 x 497] intentionally omitted <==
----- Start of picture text -----
2012-2015 avg
2012-2014 avg
15.6%
15.6%
11.9%
11.6%
8.3%
�� �� ����� ����
----- End of picture text -----
����
�������2012-2014�����������������; ����������������� ��ROE�����/��������������������������������������/��
==> picture [947 x 635] intentionally omitted <==
----- Start of picture text -----
Good Dividend Yield
������
������/���%
4.5
4.5
3.5
3.9
4.5 3
3
3.5
8.8%
8.6%
8.2%
7.3%
6.5% 6.5%
5.1%
4.8%
2009 2010 2011 2012 2013 2014 2015 2016F
----- End of picture text -----
�������������������4.5/������50.9= 8.8%
�������� Strength, Strategy & Outlook
���� Strength
- ❖ ����������������� Technology ahead of peers �����������������������������
❖ ����������� innovative and experienced R&D, vertical integration and one stop shopping ID ���������������������, � ����������� ��������������
-
❖ ����������������������� production location close to clients, provide prompt solutions and reliable supply chain
-
�������������� ������������
-
❖ �������������������������4.0��
-
pursue business opportunities of IOT and industry 4.0 with mechanical profession
����� New Business Strategy
❖ �������������������������� integrate with electronic business to improve products value
-
‣ �����POS����� new model stands, POS products & peripheral components
-
‣ ������������ �����4.0���� have ability and knowledge to develop USB series products ��USB/Type C������������������������� ��������
-
❖ ���������������������������������� �������������
integrate with wireless and smart platform management and relative products to organize strategy for IOT opportunity
���� Outlook
- ❖ 2016������������� resource consolidation and profit stabilization in 2016
==> picture [181 x 96] intentionally omitted <==
-
‣ ����������������������� improve cost competitiveness thru. resource consolidation to quickly react the industry change
-
‣ ����������������������� develop new business with stable revenue and profit in original profession
==> picture [163 x 132] intentionally omitted <==
-
����������������� New business and new clients may drive stable growth beyond 2016
-
❖
����������� 1582 � Syncmold Enterprise Corp
��� Q & A Thank You for Listening
==> picture [279 x 272] intentionally omitted <==