YL — Investor Presentation 2020

May 20, 2020

TW：2201

YULON MOTOR CO., LTD.?Investor Conference

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Agenda

Agenda	Time	Speaker
Opening	-	Wen Yi Lo – Associate Vice President
Financial Results & Future Prospects	10 min	Wen Yi Lo – Associate Vice President
Q&A	20 min	Wen Yi Lo – Associate Vice President

2020/1~4 Sales Volume in Taiwan(excluded heavy turcks)

The sales volume in Jan.~Apr. 2020 increased by 3.1% year on year,The proportion of CKD and CBU cars is about 48%：52%. Main factors：(1)Exchange rate factors and the scale of mass production of models make the price of imported cars more competitive.(2)The product portfolio of imported cars is diversified and the benefits of new model launch.

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Auto Sales in Taiwan Through the Years

42.2 (F)

The sales volume in Jan~Apr. 2020 is 131K units, and 3.1% increase rate year on year.
“Chung-Hua Institution for Economic Research“,“Taiwan institute of Economic Research” and The “Directorate General of Budget” predicted respectively economic growth rate of Taiwan are about 1.03%,1.58% and between 1.3%~1.8% in Apr. 2020. But COVID-19 epidemic has not been effectively controlled in 2020, adjust to reduce economic growth rate will likely occur.
Due to the COVID-19 epidemic, the overall Taiwan auto market is estimated to be 422K units in 2020, and 1.1% decrease rate year on year.

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Auto Sales in MainlandChina Through the Years

2,000 (F)

The sales volume in Jan.~Apr. 2020 of Mainland China is 5.76 million units, include 4.43 million units passenger car which is declined 35.3% year on year.
“IHS Markit” and “International Monetary Fund” predicted economic growth rate of Mainland China are 2.0% and 1.2% in 2020 respectively. The main reason is that COVID-19 epidemic ,and Mainland China-US trade war has affected corporate investment and consumer confidence.
Coming from the COVID-19 epidemic that has not been effectively controlled and the automotive component value chain has not been fully restored, It is estimated that the overall auto market in China will reach 20.0 million units, and 22.4% decrease rate year on year.

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Consolidated Comprehensive Income Statements

(NT $ Million)

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Consolidated Balance Sheets

(NT $ Million)

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Consolidated Cash Flow Statements

(NT $ Million)

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Yulon Corporate Govermance Performance
We won the top 5% award of 901 listed companies in the corporate governance evaluation of the Stock Exchange for six consecutive years.

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