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YL Investor Presentation 2026
51978_rns_2026-03-25_5c8fd985-9cdb-4b43-a758-987daae6643d.pdf
Investor Presentation
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YULON
YULON MOTOR CO., LTD.
2025Q4 Investor Conference
2026/03/25
裕隆汽車
創新Innovation 速度Speed 團隊Team work (Ist)
裕隆汽車
TWSE:2201
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 uncertainty 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our affiliates and may not be directly or indirectly reproduced, redistributed or forwarded to any other person and may not be published in whole or in part for any purpose.
Agenda
裕隆汽車
TWSE:2201
| Time | Agenda | Speaker |
|---|---|---|
| 13 : 30~13 : 35 | President's Remarks | Kuo-Hsing Hsu – President |
| 13 : 35~13 : 45 | 2025Q4 Operating Results | Che-Yu Cho – Assistant Vice President |
| 13 : 45~14 : 00 | Q&A | Kuo-Hsing Hsu – President |
| Hsun-Kuei Hsieh– Assistant Vice President | ||
| Che-Yu Cho – Assistant Vice President |
Presentation Outline
裕隆汽車
TWSE : 2201
01. Industry Overview
Overview of Taiwan's Automotive Market
02. Financial Statements
Consolidated Comprehensive Income Statements
Consolidated Balance Sheets
Consolidated Cash Flow Statements
03. Operating Results
2025 Progress of Core Operational Strategies
04. Business Outlook
2026 Key Operating Outlook
裕隆汽車
TWSE : 2201
Industry Overview _Overview of Taiwan's Automotive Market
New Vehicle Registrations over the Past Three Years
New Vehicle Registrations by Quarter in 2025
New Vehicle Registrations in 2025 : 414,416 units.
- In 2025, market demand was constrained by policy uncertainty. In Q4, the continuation of commodity tax incentives released pent-up demand, leading to a recovery in sales.
- In early 2026, the market is expected to remain volatile due to short-term tariff-related uncertainties. However, as policies become clearer and demand gradually normalizes, the auto market is expected to stabilize over the year.
裕隆汽車
TWSE : 2201
02. Financial Statements
Consolidated Comprehensive Income Statements
Consolidated Balance Sheets
Consolidated Cash Flow Statements
裕隆汽車
TWSE : 2201
NTD $ Million
Consolidated Comprehensive Income
Operating Revenue
Net profit before income tax
■ In 2025, due to weaker overall auto market demand and reduced financial services income, resulting in a year-on-year decline in net revenue.
Operating Income
NTD $ Million
裕隆汽車
TWSE : 2201
NTD $ Million
Consolidated Balance Sheets
Excluding TAC
- Our Company's consolidated debt ratio is 74%. If the short-term borrowings and short-term notes payable related to the financing business undertaken by Yulon Finance are excluded, the debt ratio is 30%.
裕隆汽車
TWSE : 2201
NTD $ Million
Consolidated Cash Flow Statements
| 2025/1~12 Amount | 2024/1~12 Amount | YoY% | |
|---|---|---|---|
| Operating activities | 19,031 | 19,408 | -2% |
| Investing activities | (6,069) | (2,782) | -118% |
| Financing activities | (14,258) | (19,626) | 27% |
| Effects of exchange rate changes on the balance of cash held in foreign currencies | (880) | 635 | -239% |
| Net decrease in cash and cash equivalents | (2,176) | (2,365) | 8% |
| Cash and cash equivalents at the beginning of the period | 14,015 | 16,380 | -14% |
| Cash and cash equivalents at the end of the period | 11,839 | 14,015 | -16% |
- Operating activities increased by 19,031 million, mainly due to the net increase of 13,240 million in interest received and paid.
- Investing activities decreased by 6,069 million, mainly due to the net increase in financial assets at amortized cost of 4,342 million and the payments for property, plant and equipment of 130 million.
- Financing activities decreased by 14,258 million, mainly due to the decrease of 15,114 million in short-term and long-term borrowings.
裕隆汽車
TWSE : 2201
03. Operating Results
2025 Progress of Core Operational Strategies
2025 Operational Guidance
裕隆汽車
TWSE : 2201
Core Business
Vehicle Manufacturing
Establishing an high-efficiency vehicle manufacturing platform.
- Enhancing cost management and resource utilization efficiency.
- Strengthen capabilities to support localized component sourcing.
- Improving production technologies and upgrading capabilities.
Energy Development
Leveraging the energy transition to create new growth opportunities.
- Steadily growing capacity and establishing diverse market applications.
- Guided by policy and technology, advancing the energy storage business.
YULON
Diversified Business
Asset Development
Asset optimization to expand growth potential
- Optimizing asset management and actively promoting asset utilization.
- Improving asset yields and enhancing value maximization.
Dealer Services
Dealer network integration facilitating service enhancement.
- Enhancing dealer networks and service approaches.
- Advancing efficiency improvements and exploring diversified business models.
Overseas Business
Strengthening and expanding overseas business operations.
- Enhancing operations in current markets.
- Vigilantly tracking and analyzing potential in emerging markets.
裕隆汽車
TWSE : 2201
2025 Progress of Core Operational Strategies
Vehicle Manufacturing
Through the launch of new models, we aim to enhance capacity utilization and improve product portfolio efficiency.
Production of MG G50+, Foxtron Bria has successfully commenced
Enhance manufacturing capabilities and expand contract manufacturing services and external collaboration opportunities.
Completed upgrades to key process equipment and secured contract manufacturing services for export to Australia and New Zealand.
Strengthen product safety and enhance market trust and brand value.
Domestic models have consecutively achieved the highest rating in TNCAP assessments.
裕隆汽車
TWSE : 2201
2025 Progress of Core Operational Strategies
Energy Development
Initiate contract manufacturing for automotive batteries to enhance product diversification and production line flexibility.
Provide comprehensive contract manufacturing services for automotive and energy storage applications.
Develop solar storage and charging storage facilities to accumulate practical experience and validate the business model.
Promote solar and storage applications and complete the development of charging and storage facilities.
Promote overseas expansion and value chain extension to strengthen business growth momentum.
Develop overseas photovoltaic installations and expand engineering services.
裕隆汽車
TWSE : 2201
2025 Progress of Core Operational Strategies
Asset Development
Optimize asset management and promote development and value enhancement.
Steady growth in income from Yulon City shopping mall and Northern region assets.
Dealer Services
Integrate the distribution network and strengthen multi-brand operational capabilities.
Coordinate with brands to promote distribution network integration.
Overseas Business
Overseas business expansion & asset revitalization.
Completed the restructuring of overseas business operations strategy.
裕隆汽車
TWSE : 2201
2025 ESG Achievements
E
Certification in Net-Zero Progress under Paris Agreement
Business Weekly's Top 100 Carbon-Competitive Companies
Miaoli County Award for Excellence in Green Procurement
S
Common Wealth Parenting Friendly Family Workplace & Talent Sustainability Award
Miaoli County Excellent Enterprise - Friendly Workplace Award
ESG for Culture Impact Award - Resource Support Award
The "Merit Award in Comprehensive Performance Award in category of traditional industry" of The 21th Annual ESG Award from Global Views
Ranked the top 5% for the 11th consecutive year in the "Corporate Governance Evaluation for Listed Companies"
Included as a constituent of the FTSE4Good Taiwan Sustainability Index
FTSE4Good TIP Taiwan ESG Index
TIP
Excellent in CSR Award - Top 19 in Manufacturing Sector
TCSA Premier Sustainability Performance Award - Taiwan Top 100 Sustainable Companies
TCSA Corporate Sustainability Reporting Award - Gold Award
TNCAP Award for Excellent Participation
2025 ESG Achievements
裕隆汽車
TWSE : 2201
Yulon Group Aids Hualien Guangfu Reconstruction
After a compound disaster in September 2025 severely affected Guangfu Township, the Yulon Group initiated its "Hualien Guangfu Post-Disaster Reconstruction Action Plan" The group has committed NT$30 million, integrating resources from its affiliates to provide critical transportation mobility for the rebuilding process.
Yulon Group Provides Transportation Support to Restore Mobility in Affected Areas
Donating vehicles to local social welfare organizations
Committing NT$30 million, consolidated from group-wide resources, to support post-disaster reconstruction efforts.
裕隆汽車
TWSE : 2201
04. Business Outlook
2026 Key Operating Outlook
2026 Key Operating Outlook
裕隆汽車
TWSE : 2201
2026 Operating Outlook
- The Taiwan-U.S. tariff issue is becoming clearer, and overall automotive market demand is expected to gradually stabilize.
- Operational fundamentals of strategic partners continue to improve, with vehicle sales expected to recover modestly.
- Shopping mall and leasing operations continue to be optimized, with asset income expected to grow steadily.
- Energy and overseas business development continues to deepen, expected to gradually contribute to growth momentum.
Vehicle Manufacturing
Energy Development
Asset Development
Overseas Business
2026 Key Operating Outlook
裕隆汽車
TWSE : 2201
2026 Key development directions
Vehicle Manufacturing
- Improve cost competitiveness
- Obtain new product contract manufacturing opportunities
- Strengthen AI applications in manufacturing processes
Energy Development
- Expand behind-the-meter energy storage applications
- Develop a presence in battery circular economy businesses.
Asset Development
- Improve asset utilization and returns
- Strengthen commercial operations
- Promote asset revitalization
Overseas Business
- Deepen operations in existing markets
- Expand opportunities in emerging markets
- Promote cross-regional collaboration and development
YULON
Summary of the above
YULON MOTOR
俗隆汽車
創新Innovation 速度Speed 團隊Team work (Ist)