Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

SYNCMOLD Investor Presentation 2021

Apr 23, 2021

51868_rns_2021-04-23_75e23330-8917-42e9-80fd-a54ec77e0515.pdf

Investor Presentation

Open in viewer

Opens in your device viewer

International Professional Excellent

==> picture [210 x 211] intentionally omitted <==

Syncmold Enterprise Corp

2021/3

A Leading Monitor Stand Provider

  • 20% market share in monitor stand

  • Continue a stable operating performance over one decade Deliver average 22% Pre-Tax ROE and 13% Pre-Tax Income Margin

  • Diversify manufacturing sites Deploy factories in Taiwan, China, Southern-Asia

  • Drivers of Y2021 business growth (1) Worldwide gaming monitor stand uptrend (2) Consolidate Leohab (3) Revenue of Gatetech growth

  • Clear cash dividend policy Cash dividend with annual growth rate 6% at least

  • ESG: https://reurl.cc/3NmxYX

==> picture [124 x 118] intentionally omitted <==

==> picture [160 x 144] intentionally omitted <==

  • CSR: https://reurl.cc/5oa1OV

Manufacturing Sites

==> picture [707 x 469] intentionally omitted <==

Thailand:TPV Leohab-Thailand(70%):stamping

Suzhou: Qisda、Pegatron、Compal、Quanta Kunshan: self-made Gatetech-Suzhou(73%): die-casting Leohab-Suzhou(70%): stamping Chongqing: Foxconn、Quanta、Inventec

Fuzhou: TPV、L&T Fujian: TPV、L&T、self-made Fuqing: self-made DongGuang: self-made 、Funai Zhongshan: Wistron、SONY

Taoyuan: assembly、automation Gatetech-Taoyuan(73%): die-casting Leohab-Taichung(70%): stamping Highgrade(38%): TV wall bracket, medical cart Vietnam:Qisda、Wistron

Revenue Breakdown

==> picture [941 x 499] intentionally omitted <==

----- Start of picture text -----

Y2019 Y2020
8%
8% 8% [8%]
11% 11%
49%
60%
8%
13%
17%
Computer Gaming AIO TV Gatetech Others
----- End of picture text -----

Gatetech & Leohab Introduction

Gatetech (Joined in Dec, 2019) Leohab (Joined in Dec, 2020)
Capital NT$575M NT$237M
Established year 1988 1990
Factories Taoyuan, Taiwan; Suzhou, China Taichung, Taiwan; Suzhou, China; Thailand
Shares and price Acquired 72.8% shares with NT$550M, and recorded a
negative goodwill of NT$64M
Acquired 70% shares with NT$230M, and recorded a
negative goodwill of NT$19M
Past Performance Revenue:NT$600~700M, Net Profit Margin:3~5% Revenue:NT$600~700M, Net Profit Margin:3~5%
Products Aluminum and Magnesium die-casting Metal stamping
Applications SSD case
rugged NB case
automotive motor case
bike fork
steering wheel, column
keyboard brackets
power supply shell
3C、360° small hinge
thermal products

Vert ~~i~~ ca ~~l~~ & Hor ~~i~~ zonta ~~l i~~ on Bene ~~fi~~ ts Integrat for Syncmold+Gatetech+Leohab

==> picture [1291 x 537] intentionally omitted <==

----- Start of picture text -----

Gatetech Leohab
• •
SSD NB hinge
• •
Rugged NB thermal products
• •
Automotive keyboard brackets Foldable
parts
E-Car
Server Upstream:
NB Hinge
Die-Casting & Stamping
Vertical integration
Downstream: assembling
5G
Exercise
Household
Horizontal integration
5G
Syncmold
Extension Smart Device

Monitor Stand:
Computer, Gaming,
AIO, TV, Exercise
----- End of picture text -----

Stable Revenue and EPS

==> picture [210 x 19] intentionally omitted <==

----- Start of picture text -----

Revenue(NT$B)EPS(NT$)
----- End of picture text -----

==> picture [1097 x 485] intentionally omitted <==

----- Start of picture text -----

Revenue EPS
7.81
7.61
7.19
6.07
5.71
5.28 5.28 5.32
4.37
10.1
3.85 9.5 9.7
3.70 9.1 9.1
8.9 8.8
8.6
8.4 8.4
6.7
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
----- End of picture text -----

Note: EPS is calculated by net income/year-end capital

Deliver Higher ROE

2010-2019 Avg. pre tax ROE( income before tax/equity)

==> picture [1138 x 428] intentionally omitted <==

----- Start of picture text -----

22.3 %
14.1%
12.3%
11.3%
Syncmold Hinge Electronics component TWSE
----- End of picture text -----

==> picture [797 x 20] intentionally omitted <==

----- Start of picture text -----

Note: given only pre-tax profit data disclosed from TWSE, we use pre tax ROE to be benchmark
----- End of picture text -----

Clear Cash Dividend Policy

==> picture [1146 x 485] intentionally omitted <==

----- Start of picture text -----

Dividend/NT$
Actual: NT$5.0
Promised: NT$4.8
NT$4.5
Y2020 Y2021 Y2025
----- End of picture text -----

Competitive Advantage

==> picture [479 x 511] intentionally omitted <==

----- Start of picture text -----

Business
Advantage
Strong
management ability
----- End of picture text -----

==> picture [92 x 83] intentionally omitted <==

==> picture [92 x 83] intentionally omitted <==

==> picture [91 x 83] intentionally omitted <==

One-stop solution Service Provide customers for a one-stop solution of a full range service of R&D, design, manufacturing and reliable supply Stable relationship with customers Long-term cooperation with clients, leading to a high Customer Switching Cost Strong management ability Deliver higher ROE than peers as well as sufficient and stable free cash flow

Strategy and Prospect

Focus on high-growth industry and extend product applications

  • Through acquiring Gatetech & Leohab to drive revenue and profits growth

Maintain monitor leading position

  • Maintain stable profit in a mature industry

  • Instead of guaranteeing the cash dividend growth rate, the dividend payout is based on operating performance

==> picture [461 x 106] intentionally omitted <==

  • Integrate resources to expand product and customer portfolio

  • Develop new end-applications

  • Guarantee annual cash dividend growth rate of at least 6%

==> picture [172 x 43] intentionally omitted <==

Growing penertration rate

  • Gaming stand growth

  • Exercise equipment shipment growth

  • Include NB hinge to group

  • 5G related application

  • E-Car

Syncmold Enterprise Corp

Q & A

Thank You for Listening

==> picture [280 x 272] intentionally omitted <==