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SYNCMOLD — Investor Presentation 2018
Feb 2, 2018
51868_rns_2018-02-02_02d3426b-1b41-4adf-a276-8403c96d5e87.pdf
Investor Presentation
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International Professional Excellent ���������� Syncmold Enterprise Corp
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2018/1
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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, sound financial structure, higher ROE and attractive dividend yield
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❖ ������������������������� Keep ahead in current position and explore new apps for growth and create value for all shareholders
Outline ��
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❖ ���� Company Profile
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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: �5,100
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❖ Y3Q17 ���Capital: NT$1.64B; ��Total Assets: NT$8.75B
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❖ Y2017��Revenue: NT$8.87B; �������EPS:NT$4.51
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❖ Y2016��Revenue: NT$9.12B; ����EPS:NT$6.06
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❖ Y2015 ��Revenue: NT$9.46B; ����EPS: NT$5.28
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❖ ����Major products:
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❖ �����component products(Monitor/TV/AIO hinge & stand)
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❖ ����plastic products(plastic mold/ plastic injection)
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�����
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���� Manufacturing Sites
Note: S: Stand Assembly M: Mold P: Plastic Injection
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���(100%)
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��(100%)(S)�����������
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���(100%)
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��(PM)���������
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���(100%)
��(38%)�TV���
��(SPM)������
��(SPM)����SONY
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�������� High-End Model
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Product Mix ����
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Y2016 Y2017 10% 10% 10% 9% 7% 7% 73% 74% Monitor AIO TV Mold
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��base on revenue breakdown ��������
����� Major Customers
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���� Financial Results
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Annual Results
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Revenue:NT$B/ EPS: NT$
EPS Revenue
6.06
5.69 5.71
5.27 5.28
4.43
3.85
3.71
10.1
9.5
9.1 9.1
8.9
8.4 8.4
6.7
5.9
2009 2010 2011 2012 2013 2014 2015 2016 2017
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�������� Enhancing Cost Competitiveness
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���� OPEX NT$� �����OPEX %
11.1% 11.1%
10.9% 10.8%
9.1%
11.0
10.5
10.1
9.8
6.2
2013 2014 2015 2016 1Q17~3Q17
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���� Exchange Gains
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����Capital(NT$�) ����Exchange Gains(NT$�)
GM% NI%
15.9
14.9 15.0
23.8% 23.8%
22.5%
10.5%
10.0%
8.4%
1.01 1.55
-0.65
2015 2016 2017 Q1-Q3
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��2015EPS:5.28, 2016EPS:6.06, 2017 1-3Q:4.51
������ Quarterly Results
Revenue:NT$B
Revenue GM% Net profit ratio 24% 24% 25% 24%25%24%25% 22%23% 23%23%21%22%23%21%23%23% 23%21%23%23% 21% 22% 12% 11% 11% 10% 10% 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 2.6 2.5 2.4 2.4 2.4 2.3 2.3 2.3 2.22.2 2.2 2.2 2.2 ~~2.1 2.02.0 2.0 2.0 2.1 2.0~~ 1Q12 3Q12 1Q13 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17
Solid Financial Structure ������
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ROE NI
18% 18%
16% 16%
1 4% 14% 14% 14%
10% 11%
8 % 9% 9% 8%
7%
6%
2010 2011 2012 2013 2014 2015 2016 3Q17
Debt Ratio
49%
4 5% 44%
41% 40% 40%
38%
34%
2010 2011 2012 2013 2014 2015 2016 3Q17
Current Ratio Quick Ratio
307% 313%
279 %
263%
205% 226% 234% 216%
272% 276%
249%
223%
199%
174% 189% 184%
2010 2011 2012 2013 2014 2015 2016 3Q17
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������ Deliver Higher ROE
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2011-2016 Av . ROE
g
15.6%
15.5%
12.2%
11.7%
8.3%
Syncmold Hinge Electronics component TWSE
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Syncmold
�������2011-2016�����������������; ����������������� ��ROE�����/��������������������������������������/��
������ Stable Dividend Policy
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Payout Ratio 91% 81% 74% 79% 79% 85% 93%
6.06
5.71
5.27 5.28
4.43
3.85
3.71
5.64
4.5 4.5
3.9
3.5 3.5
3
2010 2011 2012 2013 2014 2015 2016
����Cash Dividend EPS
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Good Dividend Yield ������
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��Syncmold ��TWSE
8.6% 8.5%
8. 2%
8.1%
7.3%
6.5%
4.8%
5.7%
4.6%
4.4%
4.1%
3.6%
3.3%
2011 2012 2013 2014 2015 2016 2017
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note�8.5%= 5.64/66.3 at 3/30 closing price ��������������
���� Foreign Ownership
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40%
37%
30%
30%
20%
20%
18%
17%
14%
10%
6%
0%
2011 2012 2013 2014 2015 2016 2017
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Cash Position ����
40
NT$ ~~�~~ 34.3 29.8 ~~29.0~~ 30 27.2 19.6 ~~18.8~~ 20 ~~17.8~~ 16.35 14.99 14.99 14.99 14.99 13.66 13.78 10 0 2011 2012 2013 2014 2015 2016 3Q17 ��Cash Position ��Capital
��2014������7.9��2015������11.1��2016������15.5�
�������� Strength, Strategy & Outlook
���� Strength
- ❖ ����������������� Technology ahead of peers �����������������������������
❖ ����������� innovative and experienced R&D, vertical integration and one stop shopping ID ���������������������, � ����������� ��������������
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❖ ����������������������� production location close to clients, provide prompt solutions and reliable supply chain
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�������������� ������������
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❖ �������������������������4.0��
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pursue business opportunities of IOT and industry 4.0 with mechanical profession
���� Outlook
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❖ ��������� Keep Leading Position and Market Share
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❖ ������������������� Develop high-end & multifunction products with brand customers
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❖ ������������������������� New business opportunity and new clients drive long term growth
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❖ ��������� Expand in-house manufacturing automation
����������� 1582 � Syncmold Enterprise Corp
��� Q & A Thank You for Listening
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