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SYNCMOLD Investor Presentation 2014

Dec 5, 2014

51868_rns_2014-12-05_aa172116-7aee-441d-bc56-4dc9872ec933.pdf

Investor Presentation

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International Professional Excellent ���������� Syncmold Enterprise Corp

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2014/11

  • �� ����������

  • ❖ ���������������� 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, solid financial structure and outstanding ROE

  • ❖ ������������������������� Keep ahead in current position and explore new apps for growth and create value for all shareholders

Outline ��

❖ ���� Company Profile

  • ❖ ���� Industry Overview

  • ❖ ���� 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: �6,000 (Y2014/10)

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  • ❖ 3Q14 ���Capital: NT$1.498B; ��Total Assets: NT$9.24B

  • ❖ Y2013 ��Revenue: NT$9.07B; ����EPS: NT$4.43

  • ❖ ����Major products:

  • ❖ �����component products(Monitor/TV/AIO hinge & stand)

  • ❖ ����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
��(100%)(S)�������������
��(100%)������
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���(100%)
��(PM)���������
��(S)������
�����

���(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
������
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�����/������������������

  • 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

  • ❖ ����������������� 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 �������������� ������������

  • ❖ ��������������� Sound financial structure with well

  • integrity management

���� Strategy

❖ ���� in house production

  • ‣ ������ upgrade service quality

  • ‣ ������ cost down

  • ‣ ������������ enhance component production and supply capability

  • ❖ ������ improve production efficiency

  • ‣ �������� standardized component/ parts spec

  • ‣ ����� automatically in production

  • ❖ ��������� expand market share on higher end products

  • ‣ ���������������������� 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

  • ‣ �������� smart display with peripherals & operating system

  • ‣ ��������������� integration with electronic peripherals and pad

Clover station high-end POS

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���� Outlook

  • ❖ TV ��������

  • TV stand shipments grow in next few years

  • ‣ �������2015������������� double digit growth in 2015 by China brand shipment

  • ‣ ��������������������� lead metal stand replacement

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S ncmold TV y 2011 2012 2013 2014F

2010

���� Outlook

  • ❖ ����� explore new business

  • ‣ ���������(��������������������) 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

����������� 1582Syncmold Enterprise Corp

��� Q & A Thank You for Listening

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