Taiwan Fructose Co., Ltd. · TPEX:4207
Taiwan Fructose — Q3 2023 Earnings Presentation
37 slides from Taiwan Fructose's earnings presentation, Nov 23, 2023
Slide 1: 2023 Earnings Call
2023 Earnings Call Speaker： Chih-Liang Kang, President November/23/2023 1
Slide 2: Earnings Call Essential
Earnings Call Essential Taiwan Fructose Background and Organization Product description Operational performance Future Prospects Q&A 2
Slide 3: Disclaimer
Disclaimer ◼ The predictive information mentioned in this presentation, including operating outlook, financial conditions and business forecasts, is based on information obtained by the Company from internal and external sources. ◼ The company's actual future financial conditions and operating resul
Slide 4: Part 1: Taiwan Fructose Background and Organization
PART 1 Taiwan Fructose Background and Organization 4
Slide 5: Taiwan Fructose (4207)
Taiwan Fructose(4207) ⚫ Date Of Establish：July 25,1984 ⚫ Head Office：Taoyuan City, Taiwan ⚫ Chairman：Mr Kang, Yung-Ming ⚫ Stock Listiing Date：January 21, 2000 Date Of Establish Stock Listiing Date 1984 2000 ⚫ Capital：NT$ 1.87Billions ⚫ Year2022 Consolidates revenue：NT 5.04Billions Capital Year2022 C
Slide 6: Company Organization
Company Organization Taiwan Fructose Co., Ltd 4.77% 65.32% 100% 25% 100% 40% 48% 8% Hoover Can Tokyo Holiday Taiwan Fructose Hsinhomei Land Taiwan Taiwan Fructose Industrial CO., Co.,(Land (Philippines) Inc Holding Co. Inc Fructose (Thai) Ltd. (M) SDN. BHD. Development) Co., Ltd Co., Ltd 100% 80.07%
Slide 7: Taiwan Factory 1
Taiwan Factory 1 Factory：Taoyuan,Nankan Product : Liquid -Fructose, Maltose, Glucose Oligosaccharide Powder - NON-DAIRY Creamer, Maltodextrin Gulcose Fructose 7
Slide 8: Taiwan Factory 2
Taiwan Factory 2 Factory：Changhua Product：Maltose,Glucose, Oligosaccharide 8
Slide 9: Malaysia Factory
Malaysia Factory 9
Slide 10: Malaysia Factory Location
Malaysia Factory Location 10
Slide 11: Malaysia Factory
Malaysia Factory Establish：Year 2008 Capital：NT 800 Million Company /Factory：Sungkai,Perak Capacity：70,000/MT Annual Revenue：Year 2022 NT 1.07 Billion Certificate：FSSC22000、HALAL、GMP、MESTI、HACCP、KOSHER、 SEDEX Products/Customers： Glucose : Kerry / Nestle / Food Excellence / Almer / Custom and other c
Slide 12: Thailand Factory
Thailand Factory Pure Chem Co.,Ltd. Quality products begins with pure ingredients 12
Slide 13: Thailand Factory Location
Thailand Factory Location 13
Slide 14: Thailand Factory
Thailand Factory Establish Date：1978 (Taiwan Fructose took over in 2009) Capital：NT 520 Million (2023,June capital increase) Company：Suburban Bangkok Factory : Factory 1. Samutprakarn, Factory 2. Chachoengsao Capacity：100,000/MT Annual Revenue：Annual NT 1.86 billion Certificate：FSSC22000、HALAL、KOSHE
Slide 15: Philippines Factory
Philippines Factory meetin | || TI) 15
Slide 16: Philippines Factory Location
Philippines Factory Location 16
Slide 17: Philippines Factory
Philippines Factory Operation date：2019 Capital：NT 990 million Office /Factory：Tanauan，Batangas Capacity：20,000/Mt Annual Revenue：Year 2022 NT170 million Certificate：FSSC 22000、HALAL、KOSHER、SEDEX Products/Customers： Glucose：Nestle, Friesland Campina and other creamer factories Fructose：Pearl Milk te
Slide 18: Hoover Company
Hoover Company 18
Slide 19: Hoover Company
Hoover Company HOOVER CAN Establish Date：July 1974 (Taiwan Fructose took over in March 1989 ) Capital：NT$ 135 million Company /factory：New Taipei City, expected to move to Changhua new factory in 2024. Main products：SPTE barrels, Plastic barrels Production capacity： SPTE barrels：5.5 million per year
Slide 20: Part 2: Product Description
PART 2 Product Description 20
Slide 21: 1. Product Description: Fructose
1.Product Description 1.Fructose Function：Sweetener, can replace sugarcane, Sweeter than granulated sugar, Hygienic and easy to use. Application： Beverages, dairy products, ice products, sauces, baking industry, dessert food, alcohol. 21
Slide 22: 2. Product Description: Maltose (Glucose Syrup)
2.Product Description 2. Maltose(Glucose Syrup) Function： Sweetener, strong moisturizing, can improve taste, Prolong ,convenient to use. Application： Cakes, mochi, creamer, dairy products, ice products, dessert food, stuffing, snack food. 22
Slide 23: 3. Product Description: Oligosaccharides
3.Product Description 3. Oligosaccharides Function： Functional sweetener, intestinal health care and beverage dairy products & taste improver. Application： Lactic acid beverages, sports drink, low fat milk, ice products, candy, jam, and dessert. 23
Slide 24: 4. Product Description: Maltodextrin
4.Product Description 4. Maltodextrin Function： Sweetener, bulking agent, strong moisturizing, increase product stickiness. Application： Cakes, mochi, corn flour, meat products, thick soup, sauces, beverages, baking, bean paste. 24
Slide 25: 5. Product Description: Non-dairy creamer
5.Product Description 5. Non-dairy creamer Function： Increase food flavor and smooth taste, supplement nutrition. Application： Special nutritional food, nutritionally balanced formula food, three-in-one instant drink, coffee, milk tea. 25
Slide 26: 6. Product Description: Sorbitol
6.Product Description 6. Sorbitol Function： Inhibit microbial reproduction, moisturizing and preservation. Application： Toothpaste, meat processing, vegetarian processed products, frozen food, bean paste, sauces, seafood product, etc. 26
Slide 27: 7. Product Description: Dextrose (DMH)
7.Product Description 7. Dextrose(DMH) Function： Improve taste, increase nutrient source, replenish energy Application： Beverages and dairy, bakery, formula milk powder 27
Slide 28: Part 3: Operational Performance
PART 3 Operational Performance 28
Slide 29: 2022 Group Product Revenue Proportion
2022 Group Product Revenue proportion 2022 Group Product Revenue Proportion (Unit:NT1000) Maltose 2,343,297 46% Fructose 908,689 18% Maltodextrin 229,515 5% Non-dairy creamer 200,280 4% Dextrose(DMH) 502,839 10% Sorbitol 655,747 13% Tinplate & Others 204,083 4% Total 5,044,450 100% 29
Slide 30: 2022 Group revenue share by product
2022 Group revenue share by product 30
Slide 31: Revenue in last three years (January-September) by branches
Revenue in last three years(January-September) by branches Until:NT100 million Group Taiwan Thailand Malaysia 45 40 35 30 25 20 15 10 5 0 2021(Q1-Q3) 2022(Q1-Q3) 2023(Q1-Q3) 31
Slide 32: Operating performance consolidated income statement
Operating performance consolidated income statement Unit: NT$ thousand, EPS is NT$ 2023(Q1-Q3) % 2022(Q1-Q3) % Change% Revenue 3,976,579 100 3,749,809 100 6.05 Cost of goods sold (3,397,428) 85.44 (3,279,885) 87.47 3.58 Gross profit 579,151 14.56 469,924 12.53 23.24 Operating expense (243,221) 6.11
Slide 33: 2023 Award: Malaysia Factory National Award of outstanding SMEs
2023 Award：Malaysia Factory National Award of outstanding SMEs 33
Slide 34: Part 4: Future Prospects
PART 4 Future Prospects 34
Slide 35: Future Prospects
Future Prospects 1. Taiwan Fructose will adjust product towards to functional and health food in the future. Develop new products in 2023: The High Isomalto-oligosaccharide(IMO 90) syrup from, It has been successfully developed and shipped to customers; powder form IMO will be produced in the future
Slide 36: Q & A
Q & A 36
Slide 37: Thanks
Thanks Thank you for your listen 37