1Copyright © 2021 TTGroup
Tongtai Machine & Tool Co., Ltd.2021 Q1 Institutional Investor Conference
4526.TW
DATETIMEPLACE
: 2021/4/15: 15:40~16:20: TWSE
2Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Disclaimer
The above statements that pertain to future projections constitute the expectations, opinions,outlooks, or predictions of our company and its affiliates based on information available at thetime the statements were made. Such statements may be affected by known and unknown risksand inherent uncertainties, the existence or emergence of facts or factors that differ from theassumptions, suppositions, or judgments of the Company, or other factors. Consequently, theremay be significant discrepancies between actual results pertaining to the Company's futureearnings, management results, financial conditions, and other matters as explicitly or implicitlyreferred to in the statements and the content of such statements.
The presentation is run exclusively for the purpose of providing information and not for thepurpose of soliciting investments or recommending the buying or selling of specific shares orproducts. The company makes no warranty concerning the accuracy or completeness of theinformation and will not be liable for any damages arising out of use of the information thereof.
3Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
1
2
3
Tongtai and TTGroup Introduction
Operating Performance of 2020
Brief strategies in the key industries
Agenda
4Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Tongtai and TTGroup
Introduction
5Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Introduction of Tongtai Tongtai was established in 1969, and was listed on the stock exchange market in 2003.
We focused on developing special purpose machines in the beginning and then become a manufacturer that owns diverse production lines. The trade mark of Tongtaiis made of two “T”s. The gray “T” represents what Tongtai provides and the blue “T” represents what customers gain.
Vision
Mission
Become the top machine and machining solution provider in the global machine tool industry, and to be the most reliable partner for clients.
To be the best solution provider of machine equipment and techno services for assisting clients to step into smart manufacturing's field.
Capital : NT$2.56 billionStock symbol : 4526.TWChairman : Mr. Jui-Hsiung YenEmployees : 720 (2021.03)Certification : ISO 9001 、ISO 14001、
ISO 50001 、 AEO Certification
Profile
Trust & Technology
技術Technology
東台Tongtai
服務Service
品質Quality
利益Profit
客戶Customers
滿足Satisfaction
信賴Trust
6Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Organization chartChairman
Machine tools department
PCB department AM department Administration office
GM office
General manager
Assembly
40%
Adminidtr-
ation19%Sales/After
-sales, 7%
Application
, 12%
R&D, 22%
, 0 PhD, 1%
Master,
12%
Bachelor,
60%
High school,
26%
, 0
7Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Product overview of machine tools department
StandardOptionIntegration
Standard Machine
Special purpose machine
Turnkey
Smart machine/Automation
Smart production line/Automation
Smart factory
S.O.I
8Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Relevant items of PCB department
HDI
ABF
FPC
Rigid-flex board
HDI
ABF
FPC
Rigid-flex board
HDIABF
Car substrate
Mechanical drillingmachine
Laser drilling machine
Routing machine
Rigid-flex board
Car substrate
9Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Drilling machine Mechanical drilling MultilayerPCB
Car substrate
Server PCB Depth control
BGA FPC HDI CCD
SD V V V V V V V
SDL V V V V V V VTCDM V V V V V V V V
Routing machine Routing machine
Shape Cutting
Depth control
Aluminum substrate
Multi-axis correction
CCD
TRM V V V
DCRM V V V V
TCRM V V V V V
Laser drilling Laser drilling HDI BGA FPC CompositeMaterial
Marking ICAssembly
TLC-2H22 V V V V V
TLU-1H22 V V V
TLMG-400 V V
TLCU-660 V V V
Three major processes achieve high precision, high efficiency and efficient production
10Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
TTGroup management philosophy
Tongtai plays a main role in TTGroup and integrates international and domestic resources for
enhancing Taiwanese manufacturing industry’s status in the global market.
Complementing product lines
Technological support
Channel support
High-end technologies introduction
Complementing markets
Channel sharing
Domestic partners International partners
Enhance Taiwanese manufacturing industry’s status in the global market
11Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
M&A history
• Vertical lathe• Alloy wheels market
• Large-scale 5-axis M/C• Aerospace market
• Multi-tasking turning center• Hardware market
• High-end Turnkey solutions• Tier 1 automotive market
54% 99.8%
52%
100% 100%
12Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Classification of investees
%
TongYeh(Kaohsiung)
60.00%
TongFong(Kaohsiung)
99.93%
SKTD(Japan)98.73%
Shuzhou TongYu100%
Honor Seiki(Kaohsiung)
53.96%
Asia Pacific (Taichung)
99.83% TTM(Thailand)
100%
TTVN(Vietem)
100%
TTS(Malaysia)
52%
TTE(Netherlands)
100%
TTGF100%
Chin Jig (SH)69.98%
HPC(Austria)
100%
Quicktech(Tainan)51.99%
PCI(France)
100%
ANGER(Austria)
100% TTGMx(Mexico)
100%
TTJP100%
TSU100%
Anger USA100%
Anger Dutschland
100%
% of consolidated revenue
Contrel Technology4.16%
Trading(Business area:machinery trading)
>50%
<50%
Tongtai (TW-4526)Machine manufacturer
Machine manufacturer(Business area:Machinery manufacturing)
Component manufacturer/Solution provider(Business area:Parts manufacturing and
maintenance service)
5% 94% 1%
13Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
2 Operating Performance of 2020
14Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
1,818
9,189
1,670
9,768
2,017
9,763
2,206
11,625
2,945
11,000
1,761
7,779
1,845
0
2,000
4,000
6,000
8,000
10,000
12,000
2015Q1 2015 2016Q1 2016 2017Q1 2017 2018Q1 2018 2019Q1 2019 2020Q1 2020 2021Q1
Unit: NT$ million
Consolidated revenue
Data Source: 2015-2020 Audited Consolidated Report & 2015 Q1-2020 Q1 Reviewed Consolidated Report
YoY+4.8%
Consolidated revenue for 2021 Q1 increased by 5% YoY due to the economic rebound, similar to the industry situation.
15Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Gross profit and gross profit %
Unit: NT$ million; %
Data Source: 2015-2020 Audited Consolidated Report
Gross profit
Gross profit decreased following the decrease of revenue and the impact of the exchange rate
2,4792,151 2,096
2,716 2,476
1,108
27%
22%
21% 23%
23%
14%
0%
5%
10%
15%
20%
25%
30%
0
500
1,000
1,500
2,000
2,500
3,000
2015 2016 2017 2018 2019 2020
Q1 Gross Profit Year Gross Profit Gross Profit%
gross profit %
16Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
EPS and dividend payout rate
Unit: NT$; %
*FY2014 also declared another stock dividend of NT$0.2 per share.Data Source: 2011-2020 Audited Consolidated Report
Dividend distribution policy adjusts with development of the company. Due to the loss in 2020, the Company‘s Board of directors proposed not to distribute
dividends.
17Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Condensed Consolidated Income Statement
Data Source: 2020 Audited Consolidated report
Unit: In NT$ million, Except Earnings (Loss) Per Share in NT$
Amount % Amount % Amount %Operating Revenues 7,779 100.0% 11,000 100.0% (3,221) -29.3%Gross Profit 1,108 14.2% 2,476 22.5% (1,368) -55.3%Profit (Loss) from Operations (670) -8.6% 271 2.5% (941) 347.2%Non-operating income (expenses) 157 2.0% (138) -1.3% 295 213.8%Profit (Loss) before Income Tax (513) -6.6% 133 1.2% (646) 485.7%Net Profit (Loss) for the Year (397) -5.1% 90 0.8% (487) 541.1%Net Profit (Loss) Attributable to Shareholdersof the Parent (347) -4.5% 59 0.5% (406) 688.1%
Basic Earning (Loss) Per Share (1.36) 0.23 (1.59)
Item 2020Y 2019Y YoY
18Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Key Consolidated Balance Sheet Items & Indices
Data Source:2020 Audited Consolidated report
Unit: In NT$ million, except Net Asset Value per Share in NT$
Amount % Amount % Amount %Cash and cash equivalents 1,703 11% 1,090 6% 613 56%Notes and accounts receivable 3,226 20% 3,881 23% (655) -17%Inventories 5,016 31% 5,607 33% (591) -11%Total current assets 10,962 68% 11,849 70% (887) -7%Property, plant and equipment 3,323 21% 3,341 20% (18) -1%Total Assets 16,009 100% 16,922 100% (913) -5%
Short-term loans and bills payable 2,818 18% 3,241 19% (423) -13%Long-term liabilities - current portion 1,889 12% 1,041 6% 848 81%Notes and accounts payable 1,487 9% 1,666 10% (179) -11%Total current liabilities 8,476 53% 7,954 47% 522 7%Long-term bank loans 1,321 8% 2,214 13% (893) -40%Total Liabilities 10,548 66% 10,930 65% (382) -3%
Equity attributable to shareholders of the parent 4,883 31% 5,285 31% (402) -8%Total Equity 5,461 34% 5,992 35% (531) -9%
Net Asset Value per Share 19.16 20.74
Current ratio 129% 149%
Debt to Equity ratio 193% 182%
Item2020.12.31 2019.12.31 YoY Change
19Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
143
111
7%
5%
0%
10%
20%
30%
40%
50%
- 20 40 60 80
100 120 140 160
2020Q1 2021Q1
Aerospace
67
104 3%
5%
0%
10%
20%
30%
40%
50%
-
20
40
60
80
100
120
2020Q1 2021Q1
Wheel
248
340
13% 17%
0%
10%
20%
30%
40%
50%
- 50
100 150 200 250 300 350 400
2020Q1 2021Q1
ICT
638
555
32%
27.2%
24%25%26%27%28%29%30%31%32%33%
500 520 540 560 580 600 620 640 660
2020Q1 2021Q1
Automotive
Unit: NTD million/ % of revenue
Consolidated Revenue by ApplicationUnit:% of revenue
Data Source: Summarized by Tongtai GAO
2021Y Q1
$YoY(-13%)
Automotive27%
Others19%
ICT17%
Aerospace8%
Job shop7%
Agency5%
Maintenance5%
Wheel4%
Industrial machinery3%
Motorcycle3%
Electronic2%
$YoY+37%
$YoY+55%
$YoY(-22%)
20Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Consolidated Revenue by Product and by Geography
Data Source: Summarized by Tongtai GAO
Unit:% of revenue
2020Y Q12021Y Q1
By Geography 2020Y Q1
By Product
2021Y Q1
Taiwan14%
China53%
Asia13%
North America
5%
Europe15%
Taiwan20%
China29%
Asia18%
North America
6%
Europe27%
Special Purpose
Machine, 11%
CNC Lathe, 20%
Machining Center, 33%
PCB Processing
Machine, 13%
Repairs & Service , 12%
Component manufacturer,
10%
Special Purpose
Machine, 9%
CNC Lathe, 19%
Machining Center, 40%
PCB Processing
Machine, 18%
Repairs & Service , 9%
Component manufacturer
, 6%
21Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
3 Brief strategies in the key industries
22Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Summary in the EV market
After three years of development, Anger Machining GmbH, the Austrian member of TTGroup, has successfully developed the specialized equipment in battery tray machining.
For branded EV manufacturers in Europe & US, such as Tesla and other manufacturers, their tier1 supply chains have already introduced our machines in parts machining.
With the strategic alliance in the MIH EV Open Platform, we are looking forward to exploring potential customers in the expanding markets.
Tongtai is getting ready for EV’slightweight parts machining
23Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Gas vehicle Electric vehicle
Powertrain system Transmission system Engine system
Structure parts Accessories
Car body
Chassis system Steering system Suspension system Brake system Wheel
Drive system Control system Battery system
Battery, motor and electric control system
Electric system Sensor module Car camera module ECU 5G communication module
Chassis system Steering system Suspension system Brake system Drivetrain system Wheel
24Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Batteryprofile
Anger-MachiningSP2
Rib
TongtaiVP-8
Battery tray
PCI-SCEMMTS 3000V-W
Control box
TongtaiTMV-850QII
Batterytray
Anger-MachiningSP2
Lowercover
TongtaiTMV-1500A+4TH
Battery system
Differential
TongtaiTVL-40、DC-350
Motor Housing
TongtaiTMV-920A
Othercomponents
TongtaiEZ-5+4TH
Drive system
Control system
(EV)(hybrid)
Battery, motor and electric control system
25Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Automotive Printed circuit board
Audio/Video System
TongtaiSD-6 SeriesTRM Series
GPSModule
TongtaiSD-6 SeriesTRM Series
Control system
Control Panel
TongtaiSD-6 SeriesTRM Series
Lighting system
Control panel
TongtaiSD-6 SeriesTRM Series
Engine control module
TongtaiSD-6 SeriesTRM Series
Transformation System
TongtaiSD-6 SeriesTRM Series
Door Switch Module
TongtaiSD-6 SeriesTRM Series
LCD Display Module
TongtaiSD-6 SeriesTRM Series
26Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
Case - lighting control panel
Drilling process
The process of laser drilling machine
Mechanical forming processForming process
The process of drilling machine
27Copyright © 2021 Tongtai Machine & Tool Co., Ltd.
東台精機股份有限公司Tongtai Machine & Tool Co., Ltd. - 4526.TW
Thank You!Tel: +886-7-9761588
E-mail: [email protected]
www.tongtai.com.tw
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