TTC — Call Transcript 2021

May 18, 2021

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台聚關係企業
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Taita Chemical Co., Ltd Tianjin 2021 Investor Teleconference

Taipei Head Office Tou Fen 2021.05.18 Chien Chen Zhong Shan Lin Yuan

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Taita Chemical Co., Ltd 2021 Investor Teleconference

台聚關係企業

Agenda Reported by Company Briefing T M Yen 2020 Market Review T M Yen 2021 Market Outlook T M Yen Finance Information Tony Lin Q & A Paul Wu

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Company Briefing

台聚關係企業

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Date founded 6 April, 1960 Dividend
NTD 3.442 Billion
Total Capital
(dated 31 Mar., 2021)
NTD 15.498 Billion
Revenue
(2020 Consolidated F/S )
Cash
Employees 528 (dated 31 Mar., 2021)
Stock
Number of People
700
643 639 626
650
600
546
528
550
500 2018 2019 2020
450
400
20162016 017 018 019 020 年 2 017 年 2 018 年 2 019 年 2 020 年 3
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Taipei Head Office
台聚關係企業 Company Briefing Neihu Technology Park
Tianjin FAC (Est. 2005 09 )
Tianjin
 EPS Cap: 140,000 MTA
Production suspended since 2019/4/20 Cubic FAC (Est. 1987 06)
Glasswool FAC (Est. 1991 03)
Zhong Shan FAC (Est. 2000 05)
Tou Fen
 EPS Cap: 180,000 MTA  Cubic Printing Cap: 200,000 JIG/Y
Chien Chen
 Glass-wool Cap: 10,000 MTA
Zhongshan Lin Yuan
Lin Yuan FAC ( Est. 1979 08) Chien Chen FAC (Est. 1960 04)
Products Scope:
. ABS / SAN
. GPS / IPS
. EPS
 EPS Cap: 60,000 MTA
. GW / Cubic ABS/SAN Cap: 120,000 MTA  GPS/IPS Cap: 100,000 MTA 4
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Taita Chemical Co., Ltd 2021 Investor Teleconference 2020 Market Review

台聚關係企業

 Overall

 Product  Performance

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2020 Review--Overall

台聚關係企業

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MARKET IMPACT

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MARKET OPPORTUNITY

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2020 Review--Product

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2500
2000
1500
1000
500
0
SM ABS ABS-SM
1400
1200
1000
800
600
400
200
0
SM EPS EPS-SM
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台聚關係企業

source: PLATTS

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2020 Review--Performance

2016 ~ 2020

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Unit: MT
Production & Sales Volume
450,000
440,851
439,919
430,000
421,362
410,000 403,528 417,374
395,968
402,614
390,000
392,664
370,000 365,144
364,708
350,000
2016 2017 2018 2019 2020
Total Sales 總銷量 總產量Total Production
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2020 Review--Performance

台聚關係企業

Sales Volume vs Inventory (Taiwan + China)

Supply Chain Management Sales Volume Products Inventory SM Inventory SM + product Inventory

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2020 Review--Performance

台聚關係企業

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Sales Volume
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Earning per share
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Unit: MT 2020 vs 2019
ABS/SAN + 1.3%
GPS + 4.6%
Taiwan + 5.0%
EPS
Zhong Shan + 7.1%
-
GW 3.9%
-
CUBIC 12.6%
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2020 Review--Performance

台聚關係企業

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Tianjin plant
OP
year
(million of NTD)
-
2020
47
2019 -1
55
2018 -100
-
2017
94
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Taita Chemical Co., Ltd 2021 Investor Teleconference

台聚關係企業

2021 Market Outlook

 Overall

 Industry

 Product

 Performance

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2021 Outlook – Overall

台聚關係企業

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GDP Forcast
14.0%
12.5%
12.0%
10.0%
8.0%
8.0%
6.0% 6.0%
6.0%
4.7%
4.4%
4.0% 3.3%
2.0%
0.0%
全球 Global 印度 India 中國 China 美國 USA 台灣 Taiwan 歐元區 EURO 日本 Japan
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SOURCE: IMF

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2021 Outlook – Industry (China)

台聚關係企業

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ABS PS EPS SM
Unit: 10K MT
1
Capacity 421 373 638 1,220
2020 10 10 62 312
2 2 3
2021 125 200 150 555
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Remark: Estimated volume increase in 2021 *1: ICIS report

*2: China plastics online

*3: Shanghai Longzhong

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2021 Outlook – Product

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3000 ABS vs SM
2500
2000
1500
1000
500
0
SM ABS BS-SM
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台聚關係企業

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GPS vs SM
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1600 EPS vs SM
1400
1200
1000
800
600
400
200
0
SM EPS EPS-SM
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Source: Platts

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2021 Outlook – Performance

台聚關係企業

S W O & T S & W O T Optimize Products Portfolio

Optimize Sales Allocation

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Enhance performance

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2021 Outlook – Performance

台聚關係企業

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1
0.9
78%
0.8 74% 73% 76% 77%
71%
70% 71%
0.7 65%
67% 69%
59%
0.6
63%
0.5
54%
46%
0.4 43%
0.3
0.2
0.1
0
2016 2017 2018 2019 2020 2021 目標
ABS 客戶組合優化 GPS 產品組合優化 EPS 產品組合優化
ABS Optimization % GPS Optimization % EPS Optimization %
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2021 Outlook – Performance

台聚關係企業

Sales volume vs Inventory (Taiwan + China)

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unit: MT
2021 年銷售量 vs SM+成品庫存量
45,000
38,448
40,000
34,770
35,000
27,688
30,000 Supply Chain
25,000
Management
19,652
20,000
14,612
15,000
12,239
10,000
5,000
-
Jan-20 Feb-20 Mar-20
銷售量 月底成品庫存 SM 庫存 SM+成品庫存
Sales volume Products Inventory SM Inventory SM + product Inventory
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2021 Outlook – Performance

台聚關係企業

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Sales Volume
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Earning per share
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2021 Q1
vs
2020 Q1
unit: MT
+ 28.9%
ABS/SAN
GPS + 0.9%
Taiwan + 10.5%
EPS
Zhon Shan + 53.8%
g
-
GW 5.8%
-
CUBIC 10.1%
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1.42
1.6
1.4
1.2
1
0.8
0.42
0.6
0.4
0.2
0
2020 Q1 2021 Q1
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台聚關係企業

Taita Chemical Co., Ltd 2021 Investor Teleconference

Finance Information

＊Consolidated I/S ＊Sales by Products ＊Financial Ratio Analysis

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台聚關係企業

Consolidated Statements of Income

unit: In millions of NTD

	2021Q1	2020Q1	YoY%	2020	2019	2018
Sales Volume(MT)	100,800	80,183	**25.71% **	441,029	430,482	433,417
Sales Cost ofgoods sold	4,536 3,703	2,958 2,643	53.35% 40.11%	15,498 12,375	17,672 16,426	21,684 20,640
Gross profit gross profit ratio	833 18%	315 10%	164.44%	3,123 20%	1,246 7%	1,044 5%
Operating expenses	243	158	53.80%	702	731	766
Operating income operating income ratio	590 13%	157 5%	275.80%	2,421 16%	515 3%	278 2%
Non-operating income	43	30	43.33%	61	43	53
Income before income taxes	633	187	238.50%	2,482	558	331
Income taxes	144	42	242.86%	562	160	123
Net income net income ratio	489 11%	145 5%	237.24%	1,920 12%	398 2%	208 1%
Earnings per share(NTD)	1.42	0.42	238.10%	5.58	1.16	0.62

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台聚關係企業

Sales by Product – 2021 Q1

unit: In millions of NTD

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台聚關係企業 Financial Ratio Analysis (Consolidated Statement) 2020 2019 Operating income margin(%) 15.62 2.91 Net income margin(%) 12.39 2.25 Debt ratio(%) 31.26 46.28 Current ratio(%) 273.81 210.71 Quick ratio(%) 235.39 172.37 Accounts receivable turnover days 52 53 Inventory turnover days 22 21	台聚關係企業 Financial Ratio Analysis (Consolidated Statement) 2020 2019 Operating income margin(%) 15.62 2.91 Net income margin(%) 12.39 2.25 Debt ratio(%) 31.26 46.28 Current ratio(%) 273.81 210.71 Quick ratio(%) 235.39 172.37 Accounts receivable turnover days 52 53 Inventory turnover days 22 21	台聚關係企業 Financial Ratio Analysis (Consolidated Statement) 2020 2019 Operating income margin(%) 15.62 2.91 Net income margin(%) 12.39 2.25 Debt ratio(%) 31.26 46.28 Current ratio(%) 273.81 210.71 Quick ratio(%) 235.39 172.37 Accounts receivable turnover days 52 53 Inventory turnover days 22 21	台聚關係企業 Financial Ratio Analysis (Consolidated Statement) 2020 2019 Operating income margin(%) 15.62 2.91 Net income margin(%) 12.39 2.25 Debt ratio(%) 31.26 46.28 Current ratio(%) 273.81 210.71 Quick ratio(%) 235.39 172.37 Accounts receivable turnover days 52 53 Inventory turnover days 22 21
		2020	2019
	Operating income margin(%)	15.62	2.91
	Net income margin(%)	12.39	2.25
	Debt ratio(%)	31.26	46.28
	Current ratio(%)	273.81	210.71
	Quick ratio(%)	235.39	172.37
	Accounts receivable turnover days	52	53
	Inventory turnover days	22	21

台聚關係企業

Taita Chemical Co., Ltd 2021 Investor Teleconference

Disclaimer

This presentation includes the Company’s current information and any development or adjustments there of will be published according to laws, regulations or rulings. The Company is not obligated to update or revise this presentation. The information in this presentation is not for investment advices.

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台聚關係企業 Taita Chemical Co., Ltd
2021 Investor Teleconference
Tianjin
Q & A
Head Office
Tou Fen
Chien Chen
Zhong Shan
Lin Yuan
25
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