TURVO International Co., Ltd (2233.tt)

Transcription

1 TURVO TURVO International Co., Ltd (2233.tt) The most competitive solution provider in precision machining field

2 Agenda Company Profile Financial Result Business Outlook 2

3 Agenda 1 Company Profile Financial Result Business Outlook 3

4 Company Profile Founded 1987/12/29 Chairman GM Address Factory Employee Product Mr. Tony Liu Mr. James Chen No 59., Jing 2 Rd., Wuci Dist, Taichung City, Taiwan Headquarter, Taichung, Taiwan Dong Guan, China Jia Shan, China Prachinburi, Thailand 2010 營業額 : NT$613,098 Capital Revenue Total : 81,748 m2 Headquarter: 308,Dong Guan: 896,Jia Shan: 534,Thailand : 23 Total : 1,761 Precision Metal Parts (Automotive/Medical/Industrial/Bicycle ) NT$ 492,148 K FY 2016 NT$ 2,137,394K (YOY: 8.40%) FY 2017 FY 2018M1~M5 4 NT$ 2,389,410K (YOY:11.79%) NT$ 1,120,966K (YOY:14.39%)

5 Milestones The most competitive solution provider in precision machining field 1990s 2000s 2010~now 1996 Supplier of SEAGATE 1996 Supplier of J&J 1998 Supplier of IBM 1998 ISO 9002 Certified 1999 Supplier of Canon 1999 Supplier of SIT 2004 Dong Guan New plant 2004 Supplier of BOSCH 2005 Supplier of NN 2006 TS16949 Certified 2007 ISO14001 Certified 2007 OHSAS18001 Certified 2008 BOSCH Global Preferred Supplier 2008 Supplier of BW 2009 Supplier of IFM 2010 ISO Certified 2010 NN Preferred Supplier 2010 Automation Division 2011 Supplier of Denso/Hitachi 2011 IPO (2233.TW) 2012 Taiwan Plant Expanding 2012 Jia-Shan New Plant 2013 In cooperation with MATEC (Japan) in Forging and Automotive Fields 2013 Heat Treatment Capability and Facilities 2015 Multispindle machine 2016 BW Preferred Supplier 5

6 Organization Overview President (Tony Liu) Auditing Office (Jack Tsai) Vice President (Johnny Wu) GM (James Chen) GM office TH Plant (Henry Chen) DG Plant (Amie Huang) JS Plant (Johnson Wu) TW Plant (Max Lin) R&D Division (Sean Tsai) (Brian Chang) Automation Division (Huai-chi Pan) Sales Division (Peter Wu) Administration (Max Lin) Accounting and Finance (Suri Wu) 6

7 Location of HQ & Production Bases Jia-Shan Plant Zhejiang Province Headquarter Taichung, Taiwan MSAT Prachinburi, Thailand Dong Guan Plant Guangdong Province 7

8 TURVO Facilities Company Location Capital Functions and Tasks TURVO Taichung NTD 492,148K New Tech & Processes Development High -end technology, High Valueadded Products Small volume, large variety production Market : Export-oriented XF Plant Dong Guan HKD 58,385K Current Production Processes & Techniques Enhancement / Improvement Mainly for Export, But Also for Supporting Regional & Local Demands (Southern China ) 8

9 TURVO Facilities Company Location Capital Functions and Tasks YJ Plant Jia Shan USD 20,000K Current Production Processes & Techniques Enhancement /Improvement Mainly for Domestic Demands(Central China ),Also for export(foreign customers) Thailand MSAT Prachinburi THB 216,278K Forging Market : Southeast Asia car, locomotive market 9

10 Production equipment 10

11 Production equipment Grind machines 11

12 Production equipment Multispindle machines 12

13 Thailand Plant Facilities- Horizontal forging machine 13

14 JS Plant -Heat Treatment Equipment 14

15 Certificates ISO 9001:2008 Certified in Feb ISO/TS16949 Certified in Feb ISO Certified in Sep ISO Certified in Sep OHSAS Certified in Sep Green Partner Certified since

16 The Roadmap of TURVO Growth Co-work with R&D Center for New Production Development Prior for Participating New Projects /Products Development No Incoming Inspection Activities Needed by Customers Now Strategic Partners 2008~2012 Top Ranking & Selected Supplier Technical authorization and Transferring Optimal Profit Margin Prior for Receiving 70% Annual Purchasing Inquiries from Customers Second & Back-up Source Under investigation & Probation by Customers 2004~2008 Preferred Supplier 1996~2004 Secondary / Back-up Supplier Before 1996 New selected and potential Supplier Won Majority of Purchasing Shares from Customers Unsteady & Uncertainty of Demands Old Products Small Volumes Low Profit Margin 16

17 Products for Automotive/Medical Common Rail Fuel Injection System (for Diesel Engines) Medical Parts 17

18 Products for Industrial/Optical Industrial Applications : Sensors/Connectors Optical Parts 18

19 Products for High-level Bicycle Hubs & Caps Fork Suspension 19

20 Products for Forging shapes 20

21 Vast Customer Base Automotive parts Medical parts 21

22 Vast Customer Base Industrial parts Bicycle Parts Others 22

23 Agenda 2 Company Profile Financial Result Business Outlook 23

24 2017 Sales by Products / Regions Sales by Products Sales by Regions Industrial application 7% Medical 9% Bicycle & others 7% North American 12.48% Europe 25.69% Asia 60.92% Auto motive 77% South American 0.91% TURVO 24

25 Q Sales by Products / Regions Sales by Products Sales by Regions Industrial application 8% Medical 9% Bicycle & others 7% North American 8.54% Europe 25.67% Asia 64.34% Auto motive 76% South American 1.45% TURVO 25

26 Sales Revenue and Gross Margin in NTD Million; % 3,000 2,500 2, % 30.65% 38.02% 40.06% 39.73% 45% 40% 35% 30% 1,500 2,389 25% 20% 1, ,972 1,972 2, % 10% 5% Q1 0% Sales Gross Margin 26

27 Sales Revenue and Gross Margin in NTD Million; % % 43% 42% 42% 41% % 39.54% 39.01% 39.73% 41% 40% 40% 39% % 38% 38% 0 Q Q Q Q Q % Sales Gross Margin 27

28 Sales Revenue and Profitability in NTD Million 2017 Q Q Q Q Q1 Sales Net Income EPS

29 Cash Flow and Dividend Payout Ratio In NTD Millions, NT$, % FY 2014 FY 2015 FY 2016 FY 2017 Net Income Equities 2,193 2,192 2,278 2,411 ROE 15.80% 11.39% 15.29% 16.90% EPS(NT$) Cash Dividend (NT$) Stock Divided(NT$) Total Dividend(NT$) Dividend Pay-0ut(%) 75.40% 59.17% 72.05% 74.53% 29

30 Agenda 3 Company Profile Financial Result Business Outlook 30

31 Business Outlook The integrity of the core process Lathe Milling Drilling Grinding Heat treatment Forging 31

32 Business Outlook The cultivation of manpower Cooperative Education System Vocational Training Council Promotion of Apprenticeship Rotation of jobs overseas 32

33 Business Outlook Optimization of automation, Reduce dependence on workers Deburring 2011~ Dimension Inspection 2013~ Appearance Inspection (2015~ Load/Unload 2010~ 33

34 Business Outlook Optimization and integration of process Cleaning Processing Measurement Workstation 34

35 Business Outlook Target customers deep roots plus new business exploring as well as expand medical and leisure segment. BOSCH business deep roots. Gasoline Engine: GDI (Gasoline Direct Injection) parts. Diesel Engine: Injector Body Transmission: DCT (Double clutch Transmissio) parts Borg Warner & Delphi significant business progress Variable Valve timing system: new product orders pull in -Penetrating gasoline passenger car market in China. UAES: Transmission parts formally introduced into mass production 35

36 Business Outlook Target customers deep roots plus new business exploring as well as expand medical and leisure segment. Medical, bicycle and leisure areas development Novo Nordisk: Insulin injection pen sample delivery completed New customer (Smiths Medical): Medical Syringe Pump continue to pull in Dongguan XingFeng Plant: Plan to set up a medical product area Market entrance of bike parts with forging machine process Expansion market of new machining business in Forging Drive Steering system and safety system... 36

37 TURVO TURVO International Co. Ltd Thanks for your kind attention Q & A