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YL — Investor Presentation 2021
Apr 14, 2021
51978_rns_2021-04-14_6e824d83-8e32-4a73-8f73-ed27ae7df837.pdf
Investor Presentation
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TW ： 2201
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YULON MOTOR CO., LTD. Investor Conference
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Copyright © Yulon Motor, All rights reserved.
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Disclaimer Statement
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This document is provided by Yulon Motor Co., Ltd. (the “Company"). Except for the numbers and information included in the Company's financial statements, the information contained in this document has not been audited or reviewed by any accountant or independent expert. The Company makes no express or implied representations or warranties as to the fairness, accuracy, completeness, or correctness of such information or opinions. This document is provided as of the date herein and will not be updated to reflect any changes hereafter. The Company, its affiliates and their representatives do not accept any responsibility or liability for any damage caused by their negligence or any other reasons, nor do they accept responsibility or liability for any loss or damages arising from the use of this document or the information contained herein or anything related to this document.
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This document may contain forward-looking statements, including but not limited to all statements that address activities, events or developments that the Company expects or anticipates to take place in the future based on the projections of the Company toward the future, and various factors and uncertainness beyond the Company's control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.
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This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer. ‡
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The copyright of this document is owned by the Company and / or our affiliates and may not be directly or indirectly reproduced, redistributed or forwarded to any other person and may not be published in whole or in part for any purpose.
Copyright © Yulon Motor, All rights reserved.
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Agenda
Speaker
Agenda Time Speaker - Opening Chien Hui Li – Senior Vice President Financial Results & Future 10 min Chien Hui Li – Senior Vice President Prospects[Vice President ] Q&A 20 min[ Chien Hui Li – Senior] Hsun-Kuei Hsieh– Department Manager
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Copyright © Yulon Motor, All rights reserved.
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Auto Sales in Taiwan Through the Years
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The sales volume from Jan to Mar in 2021 is 118K units, and 17.3% increase rate compared to 2020.
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Due to brands launched a variety of level models, increased sales promotion inducement,
but lack of containers in logistics and freight, automotive core chips are out of stock, the overall Taiwan auto market is estimated to be 427K units in 2021, and 3.8% decrease rate compared to 2020.
Copyright © Yulon Motor, All rights reserved.
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The sales volume from Jan to Mar in 2021 of Mainland China is 6.484 million units, include 5.07 million units passenger car which increased 75.1% compared to 2020.
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Although automotive core chips are insufficient to meet the requirements, benefited from the transformation and upgrading policies of the AIoT and new energy in mainland China. It is estimated that the overall auto market in China will reach 26.3 million units, and about 3.9% increase rate compared to 2020.
Copyright © Yulon Motor, All rights reserved.
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(NT $ Million)
| Amount % Amount % Amount % Consolidated 2020Q4 2019Q4 Difference Consolidated Consolidated |
|
|---|---|
| Operating revenue | 82,598 100% 85,579 100% (2,981) -3% |
| Gross profit | 18,618 23% 5,721 7% 12,897 225% |
| Operating income | (1,218) -2% (30,748) -36% 29,530 96% |
| Nonoperating income and expense | 6,942 8% 7,311 9% (369) -5% |
| Consolidated income before income tax | 5,724 6% (23,437) -27% 29,161 124% |
| Consolidated net income 4,840 6% (24,533) -29% 29,373 120% ―Owner of the Company 2,739 2% (24,465) -29% 27,204 111% ―Common Control of Predecessor Rights - - (565) -1% 565 100% ―Non-controlling interests 2,101 3% 497 1% 1,604 323% Other comprehensive income, net 241 1% (305) 0% 546 179% Total comprehensive income 5,081 6% (24,838) -29% 29,919 120% |
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| EPS 2.80 (26.13) 28.93 111% |
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Consolidated Balance sheet Statements
(NT $ Million)
| Amount % Amount % Amount % 2020Q4 2019Q4 Difference Consolidated Consolidated Consolidated |
|
|---|---|
| Current assets Noncurrent assets |
215,187 71% 231,944 74% (16,757) -7% 86,136 29% 81,948 26% 4,188 5% |
| Total Assets 301,323 100% 313,892 100% (12,569) -4% ―Excluding TAC 98,730 100% 120,818 100% (22,088) -18% |
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| Current liabilities 201,010 67% 230,603 73% (29,593) -13% Noncurrent liabilities 35,438 12% 26,208 8% 9,230 35% |
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| Total Liabilities 236,448 78% 256,811 82% (20,363) -8% ―Excluding TAC 55,943 57% 77,508 64% (21,565) -28% |
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| Share capital 10,000 3% 15,729 5% (5,729) -36% Capital surplus 6,564 2% 6,566 2% (2) 0% Retained earnings 32,147 11% 23,775 8% 8,372 35% Other equity 16,164 5% 11,011 4% 5,153 47% |
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| Total Equity 64,875 22% 57,081 18% 7,794 14% ―ExcludingTAC 42,787 43% 43,310 36% (523) -1% |
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Consolidated Cash Flow Statements
| (NT $ Million) | |
|---|---|
| Amount % Amount % Amount % Difference Consolidated Consolidated Consolidated 2020Q4 2019Q4 |
|
| Operating activity Investing activity Financing activity |
4,165 (24,899) 29,064 117% 5,558 3,996 1,562 39% (15,825) 17,250 (33,075) -192% |
| Net increase(decrease) | (6,111) (3,753) (2,358) -63% |
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Copyright © Yulon Motor, All rights reserved.
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Green energy BU- Energy Storage Products
OEM & EXPORT In response to global climate change, we have taken actions in response to ESG(environmental and ecological protection), and have integrated professional manufacturing core abilities and resources to strive for customers in the energy storage market.
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Business Outlook for Energy Storage Products
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In December 2020, the first batch of energy storage products have been exported to the United States. As of the end of March 2021, 35MW has been exported. It is expected that the total export volume will be 1.0GW~1.3GW from 2021 to 2023.
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Intensively contacts and negotiations with European Union partners and other
- potential customers to obtain new orders.
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Green energy BU-Green Power
In response to global climate change, we have taken another positive action in ESG(environmental and ecological protection).
We have continued to promote energy-saving and waste-reduction PDCA activities. Compared to the past 10 years, the energy savings per vehicle has reached to 28%. In addition, we build a solar power system since 2018: until now, Sanyi plant has accumulated about 5.2MW of solar panel power generation capacity. It is expected to complete a cumulative capacity of 7.6MW in 2021, and reach to 20.2MW in 2025.
- It is expected to increase the proportion of green electricity in the Sanyi plant area
from 40% to 100%, from 2021 to 2023.
Copyright © Yulon Motor, All rights reserved.
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Commercial Real Estate Development - Xindian
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The building floors are B3 ~ 8F, about 43,000 pings. B1F ~ 4F will be rent by Eslite, 6F ~ 8F will be rent by VIESHOW, and 5F will be reserved for additional leasing.
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The construction progress has completed the ground floor steel structure engineering, and external wall curtain and electric-escalator installation, mechanical-electrical engineering, landscape engineering, decoration engineering works are currently in progress (detailed with photos).The construction license change has been approved in September 2020, it is expected that the usage license will be obtained in Q3 2021 and the mall will open before Q4 in 2022.
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Aerial view of Zhongxing Road
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Aerial view of Green Lake Park
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Copyright © Yulon Motor, All rights reserved.
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THANK YOU FOR WATCHING
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