TYC — Interim / Quarterly Report 2019

Aug 27, 2019

TYC Brother Industrial Co., Ltd. 目錄

• TYC Overview

• TYC Group Global Network

• Financial Data

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TYC Brother Industrial Co. Overview

Established : Sept. 9, 1986 Initial Public Offerings : Oct.6,1997

Tainan Plants

AN-PING: 16,200sq.m

Management; HR,IT & Adm; Finance; Sales; OEM R&D; Test Lab ;Tool Shop & High Performance Luminaire

Capital : NTD $ 3.1 Billion

TECH PARK PHASE 1:62,300sq.m

2018 Sales turnover : NTD $16.6 Billion

Manufacturing; Assembly; Purchasing & Production Control; QA; Aftermarket R&D ; Storage; Warehouse; Shipping

Principal Activity: Manufacture & Sales of Lighting Devices

• Mobile: Automotive, Bus, Motorcycle, Truck & Off-road Equipment

TECH PARK PHASE 2 :12,722 sq.m Storage of aftermarket outsource products & Logistic Center

TECH PARK PHASE 3 : 20,761 sq.m OEM assembly line; OEM parts Storage ; Warehouse & Shipping

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TYC Group Global Network

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2018 TYC Consolidated Sales NTD $16.6 Billion
6
7 9 8
11
10 CQ 2 CZ 2
3
4
1
5
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Sales & Distribution Warehouse Facilities

EUROPE

• 6The Netherlands-TYC Europe B.V.

N. AMERICA- Genera Corporation

7 California 10Texas 8 New Jersey 11Georgia

9 Illinois

Manufacturing & Sales Facilities

REST OF WORLD

1 TAIWAN

2China VTYC, Changzhou &

• TYC Brother Industrial Co., Ltd.

• Chongqing3 (JV) 4China Tamou Precision, Changzhou 5China Kun Shan TYC High Luminaire Thailand TIT International Co., Ltd.

• JUOKU Technology Co., Ltd.

• DBM Reflex of Taiwan Co., Ltd.(JV)

• I Yuan Precision Ind. Co., Ltd. (AFF)

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– Manufacturing & Sales Facilities TYC Group

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Manufacturing Stronghold
China Taiwan Thailand
VTYC, Changzhou (JV)
Tamou Precision , CZ
Kun Shan TYC High Luminaire
HQ An-Ping
•
TYC Brother Industrial Co., Ltd.
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HQ An-Ping Tech Park Phase 1 & Phase 2 & Phase3
•
TYC Brother Industrial Co., Ltd.
•
JUOKU Technology Co., Ltd.
•
DBM Reflex of Taiwan Co., Ltd (JV)
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VTYC, Chongqing (JV)
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• JUOKU Technology Co., Ltd.

• • DBM Reflex of Taiwan Co., Ltd (JV)

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T.I.T. International, Rayong
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N. America & Europe Warehouse Logistic

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NORTH AMERICA- Genera Corporation
Illinois
Headquarter
Brea, California
EUROPE -TYC Europe B.V.
The Netherlands
New Jersey
California
Georgia
Texas
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Taiwan Excellence Award

Vehicle Lighting Products

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Coach HL full LED
Hi-Low PES w/plastic
Full LED Motorcycle
lens ; dual color
Tail Lamp
function L.G
3D Mirror Tunnel
Motorcycle effect full LED
Motorcycle HL with Full LED HL Rear Combination Full LED w/diffusion
DRL LED Light Guide Automotive Head Lamp Lamp Homogeneous DRL
With
Light function
DRL Light Guide
Full LED
Rear Combination
Full LED w/grid
Lamp
Pattern optic tech
TYC patents
2013 2014 2015 2016 2017 2018
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21

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2017 Taiwan Excellence Award

Vehicle Lighting Products

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2016 Best of the Best Award in Germany for New Ducati XDiavel S Motorcycle Head Lamp

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ODM Design --Dual Light guide for Taiwan PGO

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2017 Taiwan Excellence Award

Vehicle Lighting Products

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Full LED 5 in 1 Headlamp
(H/L ,DRL, Position,Turn) for
IRIZAR,Spain

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TYC Consolidated Sales

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2013-2019H1( IN NTD $100M)

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200.0 Merging Genera 187.6 Adapting new IFRS, VTYC
In 2014 (50% JV) excluded from
180.0 consolidated revenue
165.0 166.5
159.6 160.6
160.0
150.5
140.0
120.0
100.0
89.4
80.0
60.0
40.0
20.0
0.0
2013 2014 2015 2016 2017 2018 2019H1
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2017-2019H1 Monthly Consolidated Sales Unit:NTD thousand

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1,800
1,600
1,400
1,200
1,000
2017
2018
800
2019
600
400
200
0
1 2 3 4 5 6 7 8 9 10 11 12
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TYC Gross Margin

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30.0%
24.5%
25.0%
23.1%
21.9% 21.8% 22.1%
20.0%
20.0%
17.8%
15 . 0%
10.0%
5.0%
0.0%
2013 2014 2015 2016 2017 2018 2019H1
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TYC Net Income

Unit: Million (NTD)

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1,200
987
1,000
800 759
660
623
600
512
480
400
200
63
-
2013 2014 2015 2016 2017 2018 2019H1
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TYC EPS

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Unit: NTD
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3.50
3.17
3.00
2.43
2.50
2.12
2.00
2.00
1.64
1.46
1.50
1.00
0.50
0.20
-
2013 2014 2015 2016 2017 2018 2019H1
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Unit: NTD Thousand

2019H1 vs 2018H1

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10,000,000
8,940,657
9,000,000 8,216,464
8,000,000
7,000,000
6,000,000
5,000,000 2018H1
4,000,000
2019H1
3,000,000 1,866,327 2,066,180
2,000,000
1,000,000
0
Consolidated Sales Gross Margin
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2019H1 vs2018H1

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600,000 555,134
500,000
406,265
400,000
300,000 2018H1
200,000 2019H1
129,352
100,000
9,950
0
Operating Income Gain from Equity Method Investment
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VarrocTYC Sales

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Unit: Million (RMB)
1,600
1,420
1,374
1,400
1,173
1,200
967
1,000 944 943
800
600
410
400
200
-
2013 2014 2015 2016 2017 2018 2019H1
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VarrocTYC Net Income

Unit: Million (RMB)

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160
148
143
140
120
96
100
80
67
63
60 54
40
20
-
2013 2014 2015 2016 2017 2018 2019H1-1
-20
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Thank You