Taiwan Fructose Co., Ltd. · TPEX:4207
Taiwan Fructose — 2025 Institutional Investor Conference
40 slides from Taiwan Fructose's conference presentation, Nov 24, 2025
Slide 1: 2025 Institutional Investor Conference
2025 Institutional Investor Conference Speaker：General Manager Kang, Chih-Liang November 24, 2025 1
Slide 2: Agenda
1 Introduction to Taiwan Fructose Background and Organization 2 Product Introduction Agenda 3 Operating Performance 4 Future Outlook & Sustainable Development 5 Q&A 2
Slide 3: Disclaimer
Disclaimer ◼ The forward-looking information mentioned in this presentation, including business outlook, financial status, and business forecasts, is based on information obtained from both internal and external sources. ◼ The actual future financial status and operating results of the company may d
Slide 4: Background and Organization Introduction
1 Background and Organization Introduction 4
Slide 5: Taiwan Fructose Co., Ltd. (Stock Code: 4207)
Taiwan Fructose Co., Ltd. (Stock Code： 4207) • Establishment Date： July 25, 1984 Establis Listed • Headquarters： 5F, No. 265, Nankan Road, Luzhu hment 2000 1984 District, Taoyuan City • Chairman： Mr. Kang, Yong-Ming Capital 2024 19.8 Consolidated • Date of OTC Listing： January 21, 2000 Revenue 56.3
Slide 6: Company Organization
Company Organization Taiwan Fructose Co. 4.77% 65.32% 100% 25% 100% 40% 48% 8% Tokyo Holiday Taiwan Fructose Hoover Can Taiwan Fructose Hsinhomei Land Taiwan Fructose Co., Ltd Enterprise Co., (Philippines) Inc (M) SDN. BHD. Co., Ltd Holding Co. Inc (Thai) Co., Ltd Ltd 100% 80.07% Sarabati (M) Pure C
Slide 7: Factory: Taoyuan
Factory： Taoyuan Factory： Taoyuan Nankan Product： Liquid Series： Fructose, Maltose, Oligosaccharides Powder Series： Vegetable Oil Powder, Maltodextrin Maltodextrin Fructose 7
Slide 8: Factory: Changhua
Factory： Changhua Factory： Pitou, Changhua Product： Maltose, Oligosaccharides 8
Slide 9: Malaysia Factory
Malaysia Factory 9
Slide 10: Malaysia Factory Location
Malaysia Factory Location 10
Slide 11: Malaysia Factory
Malaysia Factory Operation Start： 2008 Capital： NT$800 million Company/Factory： Sungkai, Perak Capacity： 70,000 tons/year Revenue： 2024 Revenue NT$960 million Certifications： FSSC22000, HALAL, GMP, MESTI, HACCP, KOSHER, SEDEX Main Products： Liquid Maltodextrin： Customers include Nestle, Kerry, Food
Slide 12: Thailand Factory
Thailand Factory Pure Chem Co.,Ltd. 12
Slide 13: Thailand Factory Location
Thailand Factory Location 13
Slide 14: Thailand Factory
Thailand Factory Established： April 1978, operated by Taiwan Fructose since April 2009 Capital： NT$600 million Company Factories Plant 1： Bang Lamung Plant 2： Chachoengsao Plant 3： Ayutthaya (under construction) Capacity： 120,000 tons/year Revenue： 2024 Revenue NT$2.53 billion Certifications： FSSC22
Slide 15: Philippines Factory
Philippines Factory evens MB i NN a oT el ooU by ‘TAIWAN FRUCTOSE CO.,LTD. GREEN
Slide 16: Philippines Factory Location Map
Philippines Factory Location Map 16
Slide 17: Philippines Factory
Philippines Factory Operation Start： 2019 Capital： NT$550 million Company/Factory： Tanauan City, Batangas Capacity： 20,000 tons/year Revenue： 2024 Revenue NT$170 million Certifications： FSSC 22000, HALAL, SEDEX Main Products and customers ： Glucose： include Nestle, FrieslandCampina, etc. Fructose： M
Slide 18: Hoover Can Co., Ltd.
HOOVER CAN Hoover Can Co., Ltd. 18
Slide 19: Hoover Can Co., Ltd.
HOOVER CAN Hoover Can Co., Ltd. Established： July 1985, operated by Taiwan Fructose since March 2000 Capital： NT$135 million Company/Factory： Luzhu, Taoyuan / Xizhou, Changhua (relocated in June 2024) Main Products： Tinplate cans, plastic barrels Capacity： 5.4 million tinplate cans/year, 400,000 pla
Slide 20: Product Introduction
Product Introduction AQ] > 4 y 20
Slide 21: Product Introduction (1) Fructose
Product Introduction (1) 1. Fructose Function： Sweetener, can replace sugar, sweeter than sugar, hygienic, convenient to use. Application： Beverages, dairy products, ice products, sauces, baking, snacks, alcoholic beverages. 21
Slide 22: Product Introduction (2) Maltose
Product Introduction (2) 2. Maltose Function： Sweetener, strong moisture retention to improve texture and extend shelf life. Application： Pastries, mochi, creamer, dairy products, ice products, snacks, fillings, leisure foods. 22
Slide 23: Product Introduction (3) Oligosaccharides
Product Introduction (3) 3. Oligosaccharides Function： Functional sweetener, intestinal health, and beverage/dairy texture improver. Application： Beverages, dairy products. 23
Slide 24: Product Introduction (4) Maltodextrin
Product Introduction (4) 4. Maltodextrin Function： Nutrient source, bulking agent, strong moisture retention, increases product viscosity. Application： Pastries, mochi, milk powder, cereal powder, meat products, soups, sauces, beverages, baking, bean paste. 24
Slide 25: Product Introduction (5) Vegetable Oil Powder
Product Introduction (5) 5. Vegetable Oil Powder Function： Nutrient source, improves flavor and texture. Application： Special nutritional food ingredients, formula milk powder ingredients. 25
Slide 26: Product Introduction (6) Sorbitol / Maltitol
Product Introduction (6) 6. Sorbitol / Maltitol Function： Inhibits microbial growth, moisturizing and preservation. Application： Toothpaste, meat processing, vegetarian products, frozen foods, bean paste, sauces, fish paste products, etc. 26
Slide 27: Product Introduction (7) DHM
Product Introduction (7) 7. DHM Function： Improves texture, nutrient source, quickly and directly absorbed by the human body to supplement energy. Application： Functional beverages and dairy industry, baked goods, formula milk powder. 27
Slide 28: Operating Performance
3 Operating Performance 28
Slide 29: 2024 Group Product Revenue Proportion
2024 Group Product Revenue Proportion 2024 Group Product Revenue Proportion (in thousands of NT dollars) Maltose & Liquid 2,751,789 49% Maltodextrin Fructose 1,048,899 19% Maltodextrin 215,474 4% Vegetable Oil Powder 230,980 4% DHM 354,207 6% Sorbitol 798,868 14% Tinplate & Others 234,643 4% Total 5
Slide 30: 2024 Group Product Revenue Proportion (Chart)
2024 Group Product Revenue Proportion 2024 Group Product Revenue Proportion (Chart) Tinplate & Others 4% Sorbitol 14% DHM 6% Maltose & Liquid Vegetable Oil Powder 4% Maltodextrin 49% Maltodextrin 4% Fructose 19% Maltose & Liquid Maltodextrin Fructose Maltodextrin Vegetable Oil Powder DHM Sorbitol Ti
Slide 31: Main Companies' Revenue in the Past Three Years (Jan–Sep)
Main Companies’ Revenue in the Past Three Years (Jan–Sep) Unit： NT$100 million 50 Group x 100000 45 Group 43 Group 40 39 40 35 30 25 Pure Chem Pure Chem Pure Chem 19 20 Taiwan Taiwan 17 Taiwan 14 15 14 13 15 Malaysia Malaysia Malaysia 10 8 7 6 5 - Jan. to Sep. ,2023 Jan. to Sep. ,2024 Jan. to Sep. ,
Slide 32: Operating Performance – Consolidated Income Statement
Operating Performance – Consolidated Income Unit： NT$1,000 (except EPS, in NT$ ) Statement Change 2025 Jan–Sep % 2024 Jan–Sep % Explanation % Operating Revenue 3,892,596 100.0 4,295,223 100.0 (9.4) ➢ Revenue： Adjusted product mix due to Operating Cost (3,146,090) (80.8) (3,711,446) (86.4) rising hea
Slide 33: Profitability Change Explanation
Profitability Change Explanation Key ratios for Jan–Sep 2025： Gross Margin Operating Profit Net Profit Margin Margin 19.2% 12.8% 9.2% Explanation on key changes Jan–Sep Jan–Sep Items Change Explanation 2025 2024 Gross Margin 19.2% 13.6% Mainly due to lower raw material costs and exchange rate fluctu
Slide 34: Profitability Explanation – Key Financial Ratios
Profitability Explanation – Key Financial Ratios 2025 Jan– 2024 Jan– Item Change Explanation Sep Sep Asset scale remained stable, asset utilization ROA 6.29% 4.01% efficiency improved. Net profit margin and EPS increased, profitability grew, operating structure ROE 9.38% 5.8% strengthened. Debt rati
Slide 35: Outlook & Sustainable Development
4 Outlook & Sustainable Development 35
Slide 36: Outlook
Outlook Application and Application and “Rare Sugar” “Fructooligosa Efficacy Evaluation Efficacy Evaluation Production ccharide” R&D of Oligosaccharide of Oligosaccharide Research Improvement： Prebiotics Prebiotics Applicaions (1) Applicaions (2) ◼ In collaboration ◼ The effective ◼ Collaboration wi
Slide 37: Outlook
Outlook Thailand Thailand Pictures of construction of Third Plant Land Development Project Third Plant ◼ Total area： 60 ◼ The plant is hectares in Chonburi, expected to be Thailand. To enhance asset utilization, completed in Q2 development is 2026 and trial planned. production by the end of 2026. ◼
Slide 38: ESG Sustainability
ESG Sustainability Taiwan Fructose Thailand Malaysia Hoover Can ◼ Additional ◼ plans to add a ◼ Biomass energy ◼ Solar Power natural gas waste heat steam boiler under Benefits： evaporator to construction, boiler to be expected to Annual power recycle process completed by waste heat, significantly re
Slide 39: Q&A
Q&A 39
Slide 40: Thank you
Thank you for your attention Thank you 40
Taiwan Fructose — 2025 Institutional Investor Conference on 6ix