St.shine Optical Co., Ltd. · TPEX:1565
St.shine Optical — Q1 2023 Earnings Presentation
18 slides from St.shine Optical's earnings presentation, Jun 12, 2023
Slide 1: Carol Chou / Spokesperson
Carol Chou／Spokesperson 2023.6.12 1
Slide 2: Disclaimer
Disclaimer • This presentation contains forward-looking statements and these forward-looking statements are subject to risks, uncertainties and assumptions. The unexpected circumstances arise may cause the differences between the actual results and the company’s expectations. • The forward-looking s
Slide 3: Company Profile
Company Profile Business Model Taiwan：OBM；Overseas：ODM、OEM Markets Focus Taiwan、Japan、Europe、China、USA About Us Establishment：1986 Main Product：Disposable Contact Lens Capacity：1 billion pieces Employees：about 2,800 Factory：Taiwan
Slide 4: Events
Events 1986 Establishment of St.Shine Optical 1992 Aspheric Multifocal lens production 1997 Cast-mold production line for spherical 1999 Got GMP Certification. Launched multifocal lens 2004 The first launched daily disposable lens in TW Public listing in TPEx The first launched of cosmetic daily dis
Slide 5: Worldwide Customers
Worldwide Customers Russia UK Canada Holland Belgium South Turkey Korea USA Germany Greece China Spain Italy Japan Mexico Israel Taiwan Saudi Hong Kong India Arabia Malaysia Singapore Indonesia Brazil Australia and NZ
Slide 6: Topics
Topics The Industry The Company • World Market • Financial result • Taiwan Custom data • Planning and • Competitors Perspective • Opportunities and Challenges
Slide 7: Global Market scale
Global Market scale Decline by Unit：USD million COVID-19 Worldwide YoY % 10,000 15% 9,000 10% 8,000 7,000 5% 6,000 5,000 0% 4,000 -5% 3,000 2,000 -10% 1,000 - -15% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Data source：Contact Lens Spectrum, St. Shine estimated
Slide 8: Taiwan Customs Import／Export
Taiwan Customs Import／Export Unit：thousand pcs Import Export 2,000,000 1,800,000 1,600,000 81% of 1,400,000 2021 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022-3Q Data source：Directorate General of Customs
Slide 9: Export Change of Taiwan Custom
Export Change of Taiwan Custom Unit：thousand pcs Japan China 900,000 800,000 98% of 2021 700,000 600,000 500,000 400,000 62% of 2021 300,000 200,000 100,000 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022-3Q Data source：Directorate General of Customs
Slide 10: Competitions
Competitions 《Overseas》 《Taiwan》 • USA - J&J、Alcon、 • St. Shine Optical (1986) Cooper Vision • Unicon (1992) • Canada - B&L • Yung Sheng (1995) - Ginkno • Spain - Mark'ennovy • Visco (1998) - BenQ Materials • I-See Vision (1999) • Japan - Seed、Menicon • Largan Medical (2004) - Largan Group • Korea -
Slide 11: Financial Result-2022Q3
Financial Result-2022Q3 Unit：thousand NTD 2023 Q1 2022Q1 YoY Operating revenue 1,131,333 100% 1,345,762 100% (16%) Gross profit from operations 293,940 26% 394,780 29% (26%) Operating Expenses (96,047) (8%) (95,591) (7%) 1% Net operating income 197,893 18% 299,189 22% (34%) Total non-operating incom
Slide 12: Revenue Breakdown-by region
Revenue Breakdown-by region 2023Q1 2022Q1 台灣 13% 台灣 9% 非亞洲 亞洲 亞洲 14% 73% 非亞洲 21% 70% Unit：thousand NTD 2023年Q1 2022年Q1 YoY 台灣 142,837,860 121,093,033 18% 亞洲 824,808,411 937,570,940 -12% 非亞洲 162,962,584 285,829,342 -43% 合計 1,130,608,855 1,344,493,315 -16%
Slide 13: Revenue Breakdown-by product
Revenue Breakdown-by product 2023Q1 2022Q1 Color Non-color Color Non-color 54% 46% 47% 53% Daily lens accounts for 90% above
Slide 14: Planning and Perspective
Planning and Perspective Capacity Planning -Increase production capacity & reduce manpower through R&D of automation/high-efficiency process equipment -Improve production efficiency of silicone hydrogel -Reduce costs to increase competitiveness -Develop different material of Silicone -Assist channel
Slide 15: Opportunities and Challenges
Opportunities and Challenges USD/JPY 160 140 120 100 • Color/Aspheric daily (Hygrogel/Silicone Hydrogel) USD/NTD -> Stable Asia and Europe markets 32 31 30 • Toric Growth Momentum 29 28 -> USA, Europe and Japan markets 27 • Multifocal -> Worldwide markets Outside Impact (over 40 year-old wearers) •
Slide 16: Own Brand-Ticon family
Own Brand-Ticon family 老花專用 散光日拋
Slide 17: Ticon website, IG, FB, LINE
Ticon website Ticon IG Ticon FB Ticon LINE
Slide 18: Thank You
Thank You: a 7) Q&A “ey