Wah Lee Industrial Corp. · TWSE:3010
Wah Lee Industrial — H1 2005 Earnings Presentation
15 slides from Wah Lee Industrial's earnings presentation, Aug 31, 2005
Slide 1: Investor Meeting
WAH LEE INDUSTRIAL CORP. Material Pioneer, Technology Navigator INVESTOR MEETING August , 2005 TSE Ticker : 3010 TT http://www.wahlee.com
Slide 2: Agenda
Agenda Agenda 2005 1H Performance Major Events Financial Results 2005 2H Outlook Product/Industry Trend Q&A Material Pioneer, Technology Navigator 1
Slide 3: 2005 1H Major Events
2005 1H Major Events • On January 28, Wah Lee announced that its board passed a resolution to increase its investment into Shanghai Yi Kang for additional US$1.75 million in Yi Kang’s recent cash injection of US$2.5 million. Wah Lee’s total accumulated investment into Yi Kang since late 2004 has rea
Slide 4: 2005 1H Financial Results
2005 1H Financial Results Material Pioneer, Technology Navigator 3
Slide 5: Sales Breakdown by Industry
Product Lines Sales Breakdown by Industry Others 2005 10% Semi PCB / MB 30% 11% FPD 17% C/C Jan.-Jul. 2004 32% Jan.-Jul. 2005 Others PCB/MB 9% Semi Others 13% 28% PCB/MB 9% Semi 9% 27% FPD 18% FPD 23% C/C 32% C/C 32% Material Pioneer, Technology Navigator 4
Slide 6: Sales Consolidated Breakdown by Industry
Product Lines SalesConsolidated Breakdown by Industry Sales Breakdown by Industry Jan.-Jul. 2004 Jan.-Jul. 2005 Others Others Semi Semi PCB/MB 8% 10% 22% PCB/MB 24% 11% 12% FPD FPD 15% 19% C/C C/C 39% 40% Material Pioneer, Technology Navigator 5
Slide 7: Financial Results of June 2005
Financial Results Financial Results of June 2005 Unit: NT$ million 2005Q1 YoY 2005Q2 QoQ YoY 2005 1H YoY 1st CPA Growth CPA Growth Growth CPA Growth Half Audited % Audited % % Audited % A/F % Net Sales 2,546 20.8% 2,822 10.8% 13.4% 5,368 16.8% 104.5% Gross Profit 367 6.1% 421 14.8% 7.3% 789 6.7% 108
Slide 8: Consolidated Financial Results of 1H 2005
Consolidated Financial Financial Results Results of 1H 2005 Unit: NT$ million 1st Half 2005 CPA Audited Net Sales 8,821 Gross Profit 1,532 Gross Margin 17.4% Op. Exp. 625 Op. Profit 907 Non-op. Profit 216 Pretax Profit 1,123 Net Income 874 Net Income Attributable to Minority Interes t 231 Net Income
Slide 9: Financial Results of Jan.-Jul. 2005
Financial Results Financial Results of Jan.-Jul. 2005 NTD million Jul. 2005 Jan.-Jul. 2005 Jan.-Jul. 2005 Actual Actual A/F % Net Sales 957 6,325 103.9% Gross Profit 144 932 107.6% Gross Margin 15.0% 14.7% - Op. Exp. 67 439 100.3% Op. Profit 77 494 115.0% Non-op. Gain 17 381 127.6% Pretax Profit 94
Slide 10: Financial Indicators
Financial Results Financial Indicators 2003 2004 1H 2005 Current Ratio 176.51% 145.48% * 132.85% * Quick Ratio 140.14% 106.99% * 105.42% * Net Debt/Equity 9.4% 17.0% 11.8% A/R days 112.14 109.12 104.56 Inventory days 51.50 48.13 43.55 Operating cashflow 81,274 515,291 192,925 (NT$K) Op. cashflow/Op.
Slide 11: Long Term Investments
LT investments Long Term Investments Unit: NT$ thousand 2005 Jan.-Jun. Long-term Holding Features Product Lines (Wah Lee’s Investments % Share) Product Chang Wah Electromaterials Semiconductor packaging and Extension in test materials 37.79 63,072 Inc. Local Markets Nagase Wah Lee Plastics GE engine
Slide 12: 2005 2H Outlook
2005 2H Outlook Material Pioneer, Technology Navigator 11
Slide 13: Product / Industry Trend
Product / Industry Trend • Wah Lee expects its sales from semiconductor industry in 2H’05 to grow at more than 20% as compared to 1H’05 due to stronger demands for higher end raw materials used in the more advanced manufacturing process. • The demands for high end engineering plastics will grow stea
Slide 14: Q&A
Q&A Material Pioneer, Technology Navigator 13
Slide 15: Website and investor email
http://www.wahlee.com [email protected] Material Pioneer, Technology Navigator 14