SYNCMOLD — Investor Presentation 2016

Mar 29, 2016

International Professional Excellent

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信錦企業股份有限公司 Syncmold Enterprise Corp

2016/3

• 信錦 軸承與底座的領導廠商

• ❖ 我們是軸承與底座的世界級領導廠商 Leadership in Hinge and Stand products

• ❖ 擁有機構技術、模具設計製作及產品研發能⼒，提供世界級⼀流客⼾具 競爭⼒之服務及產品

Serve tier 1 customers with own masterly technology, molding design, product development and total solutions

• ❖ 歷年營運績效優良、財務結構健全、優於同業的ROE Deliver good business results, sound financial structure and outstanding ROE

• ❖ 持續領導地位並擴展產品應⽤領域，創造更⼤的股東利益 Keep ahead in current position and explore new apps for growth and create value for all shareholders

Outline ⼤綱

❖ 公司概況 Company Profile ❖ 經營成果 Financial Results ❖ 優勢、策略及展望 Strength, Strategy & Outlook

公司概況 Company Profile

公司簡介 Company Introduction

Syncmold, a worldwide hinge/stand leading provider, established in 1979 and listed on TWSE in 2009(code:1582)

• ❖ 總部Headquarter: 新北市 New Taipei City

• ❖ 董事長Chairman: 陳秋郎 Mr. Chen

• ❖ 員⼯⼈數Employees: 約5,000(2016/2)

• ❖ 4Q15 資本額Capital: NT$1.498B; 資產Total Assets: NT$9.35B

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理線
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快拆
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• ❖ Y2015 營收Revenue: NT$9.46B; 每股盈餘EPS: NT$5.28

• ❖ Y2014 營收Revenue: NT$10.06B; 每股盈餘EPS: NT$5.71

• ❖ Y2013 營收Revenue: NT$9.07B; 每股盈餘EPS: NT$4.43

• ❖ 主要產品Major products:

• ❖ 零組件產品component products(Monitor/TV/AIO hinge & stand)

• ❖ 塑膠產品plastic products(plastic mold/ plastic injection)

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觸控⼤仰角
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⽣產據點 Manufacturing Sites

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Note: S: Stand Assembly M: Mold P: Plastic Injection
：
華東區(100%)
蘇州(100%)(S)：佳世達、和碩、仁寶、廣達
昆山、武漢：⾃製
重慶(100%)(S)：富⼠康、廣達、英業達
：
福州區(100%)
福州(S)：冠捷、捷星
冠華(PM)：⾃製、冠捷、捷星
福清：⾃製
：
廣東區(100%)
東莞(SPM)：⾃製、船井 ⾼誠(38%)：TV壁掛架
深圳(S)：SONY
中山(SPM)：緯創
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專注於中⾼階產品 High-End Model

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Product Mix 產品組合

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Y2014 Y2015 8% 10% 18% 14% 6% 7% 67% 70%

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Mold&Electronic

Monitor AIO TV

註：base on revenue breakdown 以營收為基準分類

世界級客⼾ Major Customers

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經營成果 Financial Results

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2009-2015營收狀況 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
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各季營運狀況 Quarterly Results

Revenue:NT$B

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Revenue GM%

Net profit ratio

24% 24% 22% 23% 23% 23% 21% 22% 23% 21% 23% 23% 23% 21% 23% 23% 10% 9% 9% 10% 9% 9% 10% ~~8% 8% 7% 7% 7% 7%~~ 7% 7% 6% 2.8 2.7 2.7 2.6 2.5 2.4 2.4 2.3 2.2 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 4Q14 1Q15 2Q15 3Q15 4Q15

全球監視器出貨量 Global Monitor Shipments

M units/ source: MIC, WitsView, Digitimes

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172
170
155
145
134
123
121
2010 2011 2012 2013 2014 2015F 2016F
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Monitor Market Share 穩定的市佔率

unit: M; rev:NT$B / source: MIC, WitsView, 市佔率為公司估算

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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
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Solid Financial Structure
穩健財務結構
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%
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2010

2011

2012

2013

2014

2015

重視股東利益 Deliver Higher ROE

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2012-2015 avg
2012-2014 avg
15.6%
15.6%
11.9%
11.6%
8.3%
信錦 軸承 電⼦零組件 台灣⼤盤
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台灣⼤盤
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註：資料區間為2012-2014年平均，軸承廠數據包括新⽇興、兆利; ⽽⼤盤，電⼦零組件產業採證交所資料 註：ROE為稅後淨利/股東權益，並使⽤簡單平均數計算⽽成，電⼦零組件與⼤盤受限於資料，採⽤稅前淨利/淨值

Good Dividend Yield 歷年殖利率佳

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8.8%
8.6%
8.2%
7.3%
6.5% 6.5%
5.1%
4.8%
2009 2010 2011 2012 2013 2014 2015 2016F
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註：以除息⽇前⼀天股價為基準。今年配息4.5/董事會前股價50.9= 8.8%

優勢、策略及展望 Strength, Strategy & Outlook

經營優勢 Strength

• ❖ 軸承與底座技術、顯⽰器專利領先同業 Technology ahead of peers 長期與世界級⼤廠合作，提供具競爭⼒的底座製造技術及成本結構

• ❖ 專業研發服務、垂直整合

innovative and experienced R&D, vertical integration and one stop shopping ID 長期與客⼾共同開發產品，主導與制定產業規格, 從 檢討到機構設計、模具製 造，零件⽣產及組裝，完整服務

• ❖ ⽣產據點貼近客⼾，提供靈活應對能⼒及穩定供應鏈

production location close to clients, provide prompt solutions and reliable supply chain 貼近客⼾、跨區服務、相互⽀援 ，與客⼾建⽴長期合作關係

• ❖ 以機構長才為基礎並延伸至其他領域，連結物聯網、⼯業4.0商機

• pursue business opportunities of IOT and industry 4.0 with mechanical profession

新產品佈局 New Business Strategy

• ❖ 以機構核⼼結合電⼦網通零件⽣產技術，提⾼產品附加價值 integrate with electronic business to improve products value

• ‣ 新型底座與POS元附件供應 new model stands, POS products & peripheral components

• ‣ 具備電⼦周邊產品開發能⼒ ，佈局⼯業4.0相關應⽤ have ability and knowledge to develop USB series products 提供USB/Type C等多種擴充機、集線器、轉接器系列產品，串連家庭、辦 公室各種終端裝置

• ❖ 整合無線藍牙技術與智慧裝置平台管理，以機構、電⼦、醫療產品線建構智慧 家庭的藍圖，佈局物聯網商機

integrate with wireless and smart platform management and relative products to organize strategy for IOT opportunity

營運展望 Outlook

• ❖ 2016年以整併資源、穩定獲利為主 resource consolidation and profit stabilization in 2016

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• ‣ 因應景氣變化，整合各廠資源，強化成本費⽤競爭⼒ improve cost competitiveness thru. resource consolidation to quickly react the industry change

• ‣ 以既有的穩健營收與獲利，提供新應⽤產品發展契機 develop new business with stable revenue and profit in original profession

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• 佈局新產品及新客⼾帶動長期穩定成長 New business and new clients may drive stable growth beyond 2016

• ❖

信錦企業股份有限公司（ 1582 ） Syncmold Enterprise Corp

謝謝您 Q & A Thank You for Listening

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