TA YIH — Investor Presentation 2017

Apr 5, 2017

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大億交通工業製造股份有限公司 TA YIH INDUSTRIAL CO. LTD. 法人說明會 Investor Conference 2017.4.7

1/23

公司簡介 Company Overview

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2/23

大億交通公司概況 Ta Yih Company Profile

	創立	民國53年11月
	Established	Nov. 1964
	股票代碼 Security Code	1521
	董事長	吳俊億先生
	Chairman	Chun-I Wu
	總經理	李旺根先生
	President	Wang-Ken Lee
	發言人	王宏基(財務長)
	Name of Spokesman	WANG HUNG CHI (CFO)
	資本額	762.3佰萬
	Capital	NT$762.3 million
	工廠面積 Land area	35,487m2
	員工人數 Number of Employees	910
	營業項目	汽車燈具
	Business scope	AUTOMOTIVE LAMP
	公司位置	台灣台南
	Plant Location	Tainan, Taiwan.

3/23

一 公司沿革 Company History( )

◆1964年 台南市公園路成立大億實業社 Established on Kong Yueng Road, Tainan. ◆1979年 安平新廠完工、開始生產，並進入國內汽車零件OEM市場 An-Ping plant completed, supplied the OEM market. ◆1988年 與日本(株)小糸製作所合資 Partnered with KOITO Manufacturing Co., Ltd. ◆1996年 ISO 9002國際品質保證制度認證獲得 BSMI ISO 9002 certified.

◆1998年 QS 9000/ISO 9001國際品質保證制度認證取得 TUV QS 9000/ISO 9001 certified. ◆2002年 取得德國ISO 14001及OHSAS 18001環安衛認證 TUV ISO 14001 & OHSAS 18001 certified. ◆2004年 TS 16949國際品質保證制度認證取得 TUV TS 16949 certified. ◆2006年 TPM優秀賞合格 Awarded JIPM "TPM excellence".

4/23

公司沿革 Company History(二)

◆2007年 與小糸合資20周年記念

Celebrating join venture with KOITO Group for 20 years. ◆2009年 AFS（CAMRY）國産化

AFS Headlamp started production. ◆2012年 通過GM審查，正式成為全球GM合格供應商 Registered GM qualified supplier. ◆2013年 LED頭燈(ALTIS)國産化 TOYOTA Led Headlamp started production. ◆2014年 外銷日本MAZDA LED霧燈 MAZDA Led Fog Lamp started production. ◆2015年 FCA電裝類最佳供應商 Awarded FCA “Electrical-Export, Supplier of The Year". ◆2016年 國瑞品質優秀獎 Awarded TOYOTA excellent quality supplier.

5/23

客戶及公司位置 Customers & Company Location

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台北市
國瑞
福特六和
台湾三葉
中華
(三菱)
250km
裕隆
(日産)
200km
住所: 台南市安平工業區新信
路11號
150km
Location：NO.11,SHIN-SIN 高雄市
ROAD,AN-PING INDUSTRIAL 台湾本田 100km
DISTRICT,TAINAN
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6/15 6/23

Overseas Customers 國外客戶

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日本：
鈴木馬自達
北美：福特
克萊斯勒
中國：東風裕隆
東風裕隆
澳洲：福特
南非：福特
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7/23

Products 主要産品

四輪用車燈
AUTOMOTIVE
LAMP

二輪用車燈
SCOOTER
LAMP

軌道用燈具
RAIL
LIGHTING

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8/23

大億設計生産燈具 Lamp Design & Produce by Ta Yih Lamp Design & Produce by Ta Yih

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● TOYOTA CAMRY

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● TOYOTA SIENTA

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●TOYOTA ALTIS ●TOYOTA VIOS
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大億設計生産燈具 9/23 Lamp Design & Produce by Ta Yih Lamp Design & Produce by Ta Yih

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●LUXGEN U7 ●LUXGEN U6
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●LUXGEN S5 ●LUXGEN M7
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●LUXGEN S5 Turbo

10/23

大億設計生産燈具 Lamp Design & Produce by Ta YihLamp Design & Produce by Ta Yih

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●NISSAN MARCHV ●NISSAN X-TRAIL

●NISSAN SENTRA

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●NISSAN TIIDA

●NISSAN LIVINA

11/23

大億設計生産燈具 Lamp Design & Produce by Ta Yih Lamp Design & Produce by Ta Yih

• ~~●MITSUBISHI LANCER~~

• ~~●MITSUBISHI COLT PLUS~~

● MITSUBISHI ZINGER

● MITSUBISHI OUTLANDER

12/23

Aircraft Lighting 航太燈具

Searching Light

高照度搜索燈

NVIS Parts 儀表夜視改裝套件

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Transportation Parts Plastic case/box 滾珠 電池盒

Small bulb Light 小燈

Position Light 位置燈

13/23

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Rail Lighting 軌道燈具

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LED標識燈標識燈
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LED標識燈標識燈 HID頭燈
LED MarkLight
HID Headlight
LED閃爍燈 鹵素頭燈 天花板燈(螢光燈管)
Halogen Headlight T5/T8/T9 Ceiling Light
LED Flash Light
天花板燈(LED燈源)
LED Design Ceiling Light
LED尾燈 LED頭燈 LED閱讀燈
LED Tail Light LED Headlight LED Reading Light
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14/23

合併營收 Consolidated Revenue

	2016		2015		2014		2013
(台幣仟元)
(NT$thousand)	金額 Amount	%	金額 Amount	%	金額 Amount	%	金額 Amount	%
台灣TAIWAN	3,141,427	53	3,035,311	53	3,043,895	61	2,428,579	58
日本JAPAN	1,466,902	25	1,246,599	22	984,022	20	846,898	20
中國CHINA	297,597	5	563,070	10	523,772	11	541,789	13
美國AMERICA	871,160	15	666,010	12	334,100	7	245,317	6
其他OTHERS	123,171	2	220,563	4	76,633	2	141,033	3
計TOTAL REVENUE	5,900,257	100	5,731,553	100	4,962,422	100	4,203,616	100

15/23

合併資產負債 Consolidated Balance Sheets(一)

現金 Cash and cash equivalents (NT$仟元) (NT$thousand) 流動資產 CURRENT ASSETS	2016	% 2	2015	% 6	2014	% 5	2013
	金額 Amount 63,706		金額 Amount 215,318		金額 Amount 155,360		金額 Amount 232,148	%
								7
應收票據及帳款 Notes and accounts receivable	1,067,610	29	1,120,870	30	996,110	29	905,402	29
存貨 Inventories	598,751	17	725,713	20	635,324	19	546,996	17
預付款項 Prepaid expenses	250,311	7	106,923	3	151,449	4	104,246	3
其他流動資產 Others 計 Total current assets 非流動資產 Noncurrent assets	81,017 2,061,395	2 57	53,170 2,221,994	2 61	42,531 1,980,774	1 58	60,357 1,849,149	2
								58
採用權益法之投資 Investments accounted for using equity method	404,770	11	368,596	10	334,954	10	319,415	10
不動產、廠房及設備 Property, plant and equipment	1,028,495	28	982,411	27	998,574	29	944,655	30
遞延所得稅資產 Deferred income tax assets	44,615	1	49,553	1	48,010	2	37,116	1
其他非流動資產 Others 計 Total noncurrent assets 資產總計 TOTAL ASSETS	101,269 1,579,149 3,640,544	3 43 100	33,346 1,433,906 3,655,900	1 39 100	50,371 1,431,909 3,412,683	1 42 100	36,100 1,337,286 3,186,435	1
								42
								100

16/23

合併資產負債 Consolidated Balance Sheets(二)

(NT$仟元) (NT$thousands) 流動負債CURRENT LIABILITIES	2016	%	2015	%	2014	%	2013
	金額 Amount		金額 Amount		金額 Amount		金額 Amount	%
應付票據及帳款Notes and Accounts payable	953,020	26	987,141	27	996,315	29	864,931	27
其他應付款Other Payables	364,255	10	282,909	8	257,085	7	256,256	8
預收款項Advance Receipt	133,866	4	249,909	7	126,615	4	168,842	5
其他流動負債Others 計Total current liabilities 遞延所得稅負債Deferred income tax liabilities 非流動負債NONCURRENT LIABILITIES	44,275 1,495,416 115,544	1 41 3	52,785 1,572,744 113,876	1 43 3	56,885 1,436,900 111,745	2 42 4	24,493 1,314,522 106,029	1
								41 4
淨確定福利負債－非流動 Net defined benefit liability-noncurrent	174,074	5	179,956	5	173,842	5	164,942	5
其他非流動負債Others 計Total noncurrent liabilities 負債總計Total liabilities 歸屬於本公司業主之權益 EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT	2,208 291,826 1,787,242	- 8 49	1,952 295,784 1,868,528	- 8 51	1,772 287,359 1,724,259	- 9 51	1,683 272,654 1,587,176	-
								9
								50
普通股股本Capital stock	762,300	21	762,300	21	762,300	22	762,300	24
資本公積Capital surplus	60,472	2	60,472	2	60,472	2	60,472	2
保留盈餘Retained earnings	1,046,069	29	952,100	26	846,094	25	771,169	24
其他權益Others 計Equity attributable to shareholders of the parent 負債與權益總計TOTAL LIABILITIES AND EQUITY	(15,539) 1,853,302 3,640,544	(1) 51 100	12,500 1,787,372 3,655,900	- 49 100	19,558 1,688,424 3,412,683	- 49 100	5,318 1,599,259 3,186,435	-
								50 100

合併損益 Consolidated Income

17/23

營業收入 Revenue (台幣仟元) (NT$thousand)	2016	% 100	2015	% 100	金額 Amount % 4,962,422 100 (重編後) (Restated) 2014	金額 Amount % 4,962,422 100 (重編後) (Restated) 2014	2013
	金額 Amount 5,900,257		金額 Amount 5,731,553		金額 Amount 4,962,422		金額 Amount 4,203,616	%
								100
已實現毛利 Realised Gross Profit	1,021,242	17	973,896	17	889,868	18	673,320	16
營業淨利 Income From Operations	458,566	8	442,551	8	387,620	8	270,135	7
營業外收入及支出 Non-Operating Income And Expenses	121,455	2	90,384	1	64,135	1	97,171	2
稅前淨利 Income Before Income Tax	580,021	10	532,935	9	451,755	9	367,306	9
本年度淨利 Net Income	497,308	9	449,612	8	372,091	8	306,380	7
每股盈餘(NT$元/股) Earnings Per Share(NT$/per share)	6.52		5.90		4.88		4.02

獲利與配息 Eps & Cash Dividend

18/23

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2016 2015 2014 2013 2012 2011 2010
(NT$元/股)
(重編後) (重編後)
(NT$/per share)
(Restated) (Restated)
每股盈餘EPS
6.52 5.90 4.88 4.07 3.75 4.27 5.00
Earnings Per Share
現金配息
5.20 5.00 4.30 3.70 3.30 4.00 4.00
Cash Dividend
配息率
80% 85% 88% 92% 88% 94% 80%
Dividend Payout Ratio
備註：2016年盈餘每股配發現金5.2元尚待股東會通過
Note：The earnings distribution NT$5.2 per share for 2016 subject to shareholders’ approval.
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19/23

福州小糸大億

Fuzhou Koito Tayih Automotive Lamp Co., Ltd

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20/23

- 福州小糸大億 主要客戶 Fuzhou Koito Ta ih – Main Customers y

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22/32 21/23

福州小糸大億-公司概 况 Fuzhou Koito Ta ih – Com an Profile y p y

企業性質 Enterprise type

合資方 Investment Proportion

成立時間 Data of Establishment

台日合資 Taiwan-Japanese Joint Venture 日本小糸 51% / 台彎大億 49% Japan Koito 51% / Tayih Industrial CO.,LTD 49% 84年12月 Dec,1995

董事長 Chairman

總經理 President

三原弘志 Mihara Hiroshi 小林一宏 Kobayashi Kazuhiro

投資總額 Total Investment

1,644 萬美元 USD 1,644 Million

注冊資本 Registered Capital

900 萬美元 USD 900 Million

品質政策 Quality Strategy

質量第一 顧客滿意 Quality First，Customer Satisfaction

相關認證 Official Certification

3C、ISO/TS16949、ISO14001/OHSAS18001

22/23

福州小糸大億-五年營收與獲利 Fuzhou Koito Tayih –Revenue and Net Income for 5 years

	(台幣仟元) (NT$thousand)	2016	2015	2014	2013	2012
	營收 Revenue	2,887,294	2,088,139	1,604,936	1,917,059	1,628,256
	淨利 Net Income	171,708	109,459	50,079	121,938	58,793
	本公司持股比例 percent of ownership	49%	49%	49%	49%	49%
	本公司認列收益 Share of profits of investee	84,137	53,635	24,538	59,750	28,809

23/23

回顧與展望 Retrospect and Prospect

105年台灣汽車總銷售量439,629台較前年微幅成長4.5%，但國瑞Altis外銷中近 東訂單則較前期衰退，所幸外銷日本和北美FCA的銷售量增加，彌補了國瑞 外銷的衰退，總體銷售額為59億元，較前期成長2.9%，稅前利益較前期成長 8.8%。

In 2016, the amount of auto sales in Taiwan is 439,629, showing 4.5% growth than 2015. Even though the export orders of Kuozui ALTIS to middle East and near East are less than previous period, the increase of export orders to Japan and the US (FCA) covered it. So the total sales is 59 Billions, showing the 2.9% growth than 2015. And net income before tax increase 8.8% than 2015.

展望106年，國內經濟預估因出口成長、國際油價與原物料價格持續回穩，景 氣維持復甦趨勢，整體汽車銷售量預估維持105年水準。

Prospecting 2017, due to the growth of exports and the increasing price of oil and raw material, the prediction of domestic economy is in recovering trend. Total auto sales predict to maintain the level of 2016.

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Thanks For Your Attention

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