St.shine Optical Co., Ltd. · TPEX:1565
St.shine Optical — Investor Presentation (November 2020)
28 slides from St.shine Optical's investor presentation, Nov 11, 2020
Slide 1: St. Shine Optical Co., Ltd.
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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: About Company
1 About Company CONTENTS
Slide 4: Company Profile
Company Profile Business model OBM for Taiwan ODM/OEM for Overseas markets Focus markets Taiwan、Japan、USA、China、Europe Profile Establishment：1986 Main Product：Disposable Contact Lens Capacity：1 billion pieces Employees：about 3,000 Production Site：All in Taiwan
Slide 5: Events
Events 1986 Establishment of St.Shine Optical 1992 Aspheric Multifocal lens production 1997 Cast-mold production line for spherical 1999 GMP Certification Multifocal lens product Daily disposable lens production 2004 Public listing in Taiwan Stock Exchange 2010 Daily disposable cosmetic lens product
Slide 6: Worldwide Activities
Worldwide Activities UK Russia Canada Holland South Belgium Turkey Korea Germany Greece China USA Spain Japan Italy Mexico Israel Taiwan Saudi Hong Arabia India Kong Malaysia Singapore Indonesia Brazil Australia and NZ
Slide 7: OEM and ODM Brands Overseas
OEM and ODM Brands Overseas Japan China KILALA USA Europe
Slide 8: Industry Overview
2 Industry Overview CONTENTS
Slide 9: Worldwide Contact Lens Markets - by region
Worldwide Contact Lens Markets - by region Total market size：USD 9 billion (CAGR 4~6%) Asia 31% America 43% Europe 26% 2019FY Source ：St. Shine Estimated
Slide 10: Worldwide Contact Lens Markets - by function
Worldwide Contact Lens Markets - by function Mainly in Asia Cosmetic 11% Multifocal 11% Spherical 51% Toric 27% 2019FY Source ：St. Shine Estimated
Slide 11: Worldwide Contact Lens Markets - by brand
Worldwide Contact Lens Markets - by brand increase yearly Other B&L 8% 7% J&J 39% Cooper 24% Alcon 22% 2019FY Source ：St. Shine Estimated
Slide 12: Worldwide Contact Lens Markets - by daily lens penetration
Worldwide Contact Lens Markets - by daily lens penetration America Europe Asia 66% 67% 65% 65% 63% 52% 53% 53% 48% 50% 46% 44% 41% 36% 30% 2015年 2016年 2017年 2018年 2019年 Source ：St. Shine Estimated
Slide 13: Competitions
Competitions 《Overseas》 《Taiwan》 • USA - J&J、Alcon、 • St. Shine Optical (1986) Cooper Vision • Unicon (1992) • Canada - B&L • Hydron (1995) - Ginkno • Spain - Mark'ennovy • Visco (1998) - BenQ Materials • I-See Vision (1999) • Japan - Seed、Menicon • Largan Medical (2004) - Largan Group • Korea - Bes
Slide 14: Taiwan Export Volume
Taiwan Export Volume Unit：thousand pcs Total St.Shine 1,395,135 1,324,521 1,105,166 875,164 746,091 764,241 718,169 731,508 654,420 564,267 2015年 2016年 2017年 2018年 2019年 Source：Directorate General of Customs
Slide 15: Business Overview
3 Business Overview CONTENTS
Slide 16: Company Revenue
Company Revenue Unit：million NTD CAGR 5% 6,676 6,457 6,418 6,347 5,818 2015年 2016年 2017年 2018年 2019年
Slide 17: Expansion History
Expansion History Total lines 78 70 58 44 34 26 18 12 2006年 2007年 2010年 2011年 2013年 2014年 2018年 2019年
Slide 18: 2020 Q3 Financial Result
2020 Q3 Financial Result Unit：thousand NTD 2020 Q1~Q3 2019 Q1~Q3 YoY Operating revenue 3,619,189 100% 4,768,542 100% (24%) Gross profit from operations 950,897 26% 1,586,313 33% (40%) Operating Expenses (268,191) (7%) (368,023) (7%) (27%) Net operating income 682,706 19% 1,218,290 26% (44%) Total no
Slide 19: Revenue Breakdown
Revenue Breakdown 2020 Q1~Q3 by region by product Taiwan 11% Asia Europe 7% 68% Non- Color color 49% USA 13% 51% Among Asia：Japan is about 55% Over 90% is daily China is over 10%
Slide 20: Planning and Perspective
Planning and 4 Perspective CONTENTS
Slide 21: Planning and Perspective
Planning and Perspective Capacity Planning Strive orders actively to raise utilization rate R&D -Improving production efficiency of -Introducing new products for silicone hydrogel existing customers to expand -Developing high efficiency production their product lines equipments -Developing applicati
Slide 22: Opportunities and Challenges
Opportunities and 5 Challenges CONTENTS
Slide 23: Opportunities and Challenges
Opportunities and Challenges Growth Momentum 《Main-Stream Products》 • Aspheric daily-> Growing market in America and stable market in Asia and EU • Color daily-> Asia 成 Threat/Competitions 長 《Potential Products》 • International brands are deeply 動 • Toric-> US and EU markets 競 rooted in EU and US ma
Slide 24: Products introduction
6 Products introduction CONTENTS
Slide 25: Myopia control lens progress
Myopia control lens progress Year 2008 Get Multifocal lens certificate in Taiwan Year 2019 Clinical trials was unblinded by TFDA Year 2020 Planning for China license
Slide 26: New Product-Ticon
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Slide 27: Own Brand Products
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Slide 28: Thank You
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