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TAROKO Investor Presentation 2021
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TRK Corporation
Stock Ticker:1432
Safe Harbor Statement
This presentation contains forward-looking statements that based on current expectations subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.
The information posted on the Market Observatory Post System shall prevail in case of any future changes or adjustments.
2/17
History & Organizational Overview
Group Operations
Future Development Directions
Company Profile
TRK Corporation was founded in 1973 and taken public in July, 1982 (ticker: 1432). In addition to Taroko batting ranges, bowling alleys and a karting track, we have also invested in the American Village resort on Yangmingshan. TRK has been active in developing innovative niche projects as well. In 2020, we opened the retro American-style Roller186 skating rink, which has become an Instagram hotspot, and in 2021, Taiwan’s first Japanese-style hot stone spa in Hsinchu, which was an instant hit.
Paid-in capital: NT$900 million
Chairperson: Ms. Mun-li Lin
General Manager: Mr. Kuo-Tung Hsieh
Services
2/17
History & Organizational Overview
Group Operations
Future Development Directions
Shareholders Structure
TRK Co. Ltd.
Taroko Entertainment Co., Ltd
Taroko Construction Co., Ltd
Taroko Shopping Center Co., Ltd
Taroko Recreation Management Co., Ltd
Baling Tourism Co., Ltd
Shanghai G-Run Sports Management Co., Ltd.
4/17
History & Organizational Overview
Group Operations
Future Development Directions
Business Divisions
New Business Division
Taroko Mall Division
Roller 186 Skating Rink
Fukuyu Spa
Taroko Mall Taichung
Taroko Square Hsinchu
Sports & Recreation Division
Parent & Child Division
Batting Ranges
Bowling Alleys/Go Cart Tracks
Yu Kids Island
Yu Kids Art & DIY
5/17
History & Organizational Overview
Group Operations
Future Development Directions
Revenue by Sectors
Parent & Child Division
G-Run
BLD
Taroko Mall Division
New Business
Taroko Entertainment
Taroko Square
Baling Tourism
Taroko Mall
Shanghai G-Run
Others
6/17
History & Organizational Overview
Group Operations
Future Development Directions
Profit & Loss Comparison
Q 1
Q 1
Q 2
Q 4
Q 2
Q 3
Q 3
Yearly
Total
Operating Income
Operating Costs
Operating Margin
Operating Expenses
Net Profit
Non-Operating
Profit
Profit before Tax
7/17
History & Organizational Overview
Group Operations
Future Development Directions
Taroko Mall Division
Taroko Mall Taichung
※ January 2020: Grand opening of Taiwan’s first Roller186 skating rink
※ In 2020, annual revenue surpassed 2.17 billion (not including movie theater and Carrefour revenue), reaching a new high after TRK took over management of the mall
※ Prospects for 2022: Continue improving the shopping experience, accelerate brand optimization, add a large buffet-style restaurant, work to satisfy the needs of all customer segments
8/17
History & Organizational Overview
Group Operations
Future Development Directions
Taroko Mall Division
Taroko Square Hsinchu
| Taroko Square Hsinchu | |
| --- | --- |
| Owner | RT-Mart |
| Operation | Opened May 2018 |
| Rental area | 22.000 sqm |
| Layout | 4 floors, 1 basement level |
| Lease term | 17 years, 6.5 months |
※ May 2021: Introduction of Taiwan’s first Japanese-style hot stone spa
※ April 2022: Grand opening of the first Tsutaya Bookstore in the Taoyuan-Hsinchu-Miaoli area
※ 2022: Become Taiwan’s only mall with 24-hour operations in the 3rd quarter
※ Continue optimizing the shopping experience and become Taiwan’s most innovative mixed-use mall
9/17
History & Organizational Overview
Group Operations
Future Development Directions
Taroko Corporation
G-Run Division
※Development
In the 4th quarter of 2022, we will open a new batting range on Anhe Rd. in Taichung, and a combined batting range and bowling alley in Kaohsiung’s Nanzih District.
※ Future Prospects
Continue innovating in the sports and leisure industry, promoting a 24-hour economy and seeking out differentiated products and services with an eye to becoming a leader in providing differentiated experiences
24-hour locations: Hsinchuang, Chungcheng, Chungli, Chiayi, Chunghua, Karting Track (open till 3 a.m.), Hualien (open till 2a.m.)
10/17
History & Organizational Overview
Group Operations
Future Development Directions
Taroko Corporation
BLD Division
※Development
Began partnership with Japan’s BLD Oriental Yu Kid Island to manage shopping mall playgrounds in 2006; there are currently 18 locations in Taiwan
Arts and crafts for kids were added in 2018 and are now available at 8 locations; the playgrounds have 500,000 visitors per year
※ Future Prospects
Create new playground intellectual property (IP), improve the play experience, and expand the range of content, including exclusive products, music, dances, puppet shows and performances; by creating IP value, we can become kids’ favorite playground and Taiwan’s leading playground brand
Using our island-wide reach, we can roll out high-profit activities like kids crafts, nail art and creative games; by expanding our presence at malls, we can be families’ first point of contact with the Taroko Group, helping Taroko tap into new customer segments
11/17
History & Organizational Overview
Group Operations
Future Development Directions
Toroko Construction Co., Ltd.
※Investment Projects
Investment in Baling Tourism Co., Ltd., which operates American Village on Yangmingshan.
Participation in urban renewal plan in Taipei City.
※Goals
With urban renewal projects in Taipei City and New Taipei City as our focus, we will form diverse business partnerships to create residences that embody culture, leisure and health.
※ Future Prospects
Participate in urban renewal projects in Taipei City and New Taipei City (including condemned structures and renewal of existing structures).
Unite with local and foreign partners to create innovative niche products in the leisure real estate sector.
12/17
History & Organizational Overview
Group Operations
Future Development Directions
New Business
Roller 186 Skating Rink
※Features
Established in 2020 to create an interactive entertainment experience and attract a diverse young customer
The skating rink’s retro 80s style has quickly made it an Instagram, Facebook, YouTube and blogger hotspot
※Development
Taroko Mall Taichung location opened in January 2020, with a floor area of 1,587 sqm.
TS Mall Tainan location opened in May 2021, with a floor area of 1,983 sqm.
※ Future Prospects
Continue to open new locations, starting in Northern Taiwan
Strive to make Roller186 a synonym for stylish and trendy, and turn roller skating into the recreation of choice for young people
13/17
History & Organizational Overview
Group Operations
Future Development Directions
New Business
Fukuyu Spa
※Features
Taiwan’s first Japanese-style hot stone spa, planned by Japanese designers
Boasts a variety of themed heating and cooling rooms and a Japanese-style lounge area, creating a brand-new consumer experience
※Development
Taroko Square Hsinchu location opened in May 2021, with a floor area of 1,157 sqm.
The spa has received over 15,000 visitors to date, placing it among the KKday Top 10 domestic travel destinations
※ Future Prospects
Starting in 2022, the spa will be open 24-hours a day, making it the go-to leisure spot for Hsinchu residents
Continue growing and opening new locations, creating a unique Japanese-style spa brand
14/17
History & Organizational Overview
Group Operations
Future Development Directions
New Business
TSUTAYA Bookstore
※Features
The only Tsutaya bookstore in the world with a spacious atrium
Visually-stunning 2-floor wraparound bookshelves, a first in Taiwan
※Development
Taroko Square Hsinchu location is slated to open in April 2022, with a floor area of 1,488 sqm.
We estimate the bookstore will bring an extra 1 million visitors per year to Taroko Mall
※ Future Prospects
We aspire to become one of Hsinchu’s most beautiful cultural attractions, and be a key growth driver for TRK Corporation
By providing a diverse range of services, we hope to become a cultural bridge between Taiwan and Japan, and create an innovative gathering space for the people of Hsinchu
15/17
History & Organizational Overview
Group Operations
Future Development Directions
Future Development Directions
Shopping Mall Develop- ment
Sports, Leisure & Recreation
Construction Development
16/17
History & Organizational Overview
Group Operations
Future Development Directions