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2019 Q3 Performance Presentation held by Taipei Exchange
2019/11/18
Agenda
• Operation Review
• Business Outlook
• Financial Highlights
2
Operation Review
3
Copyright © 2019 CTCI All Rights Reserved.
Accomplishments of Corp. Governance and CSR
4
(2015~2019) 2019 2019
Announced
2018 2018 2018
Sustainability Report is certified with AA1000 by BSI
Our CSR Certifications
Evaluated as top 5% in the “Corporate Governance Evaluation System” for five years in a row
Obtained Top 7th in Medium Enterprise of 2019 Commonwealth Magazine Excellence CSR”ranking 100.
Top 36th of 2018 Commonwealth Magazine ranking 2000 in the category of Information Equipment Sales and Service
Awarded Top 50 Corp. Sustainability Award by TCSA
Awarded Top 50 Corp. Sustainability Report Award by TCSA
Awarded People Development Award by TCSA
Copyright © 2019 CTCI All Rights Reserved.
Accomplishments of Health and Safety
5
Awarded the honor of “Contractor with Excellent Safety Record” by TPC
Won the 3rd prize in Construction Category of “2018 subcontractor HSE Campaign” held by TIAC.
2019 2019
2019 2018
Our HSE Certifications ISO 14001 ISO 45001
Awarded the honor of “Contractor with Excellent Supervisor ” by TPC
Passed ISO 45001:2018 certification
Copyright © 2019 CTCI All Rights Reserved.
Accomplishments of Quality
6
Awarded the Certificate of Appreciation by GPPC.
Awarded the Certificate of Appreciation by Everlight Chemical.
Awarded the Certificate of Appreciation by TIAC.
Awarded the Certificate of Appreciation by NPC.
Awarded the Certificate of Appreciation by FPCC.
Awarded the Certificate of Appreciation by CPC Linyuan Plant.
Our Quality Certifications
ISO 9001 CMMI ML3
Copyright © 2019 CTCI All Rights Reserved.
New Contract Amount and Distribution
7
13.4 10.0
36.5
14.8
9.3
2015 2016 2017 2018 2019 Sep.
Intelligent Manufacturing
20 %
Advanced Automation
13 %
Mechartronics 52 %
ICT Application 15 %
Annual Contract Amount over the years In hundred million of NTD
Distribution of 2019 Jan. to Sep. Contract Amount
Copyright © 2019 CTCI All Rights Reserved.
Backlog and Distribution
8
10.8 11.5
37.1 37.6 39.1
2015 2016 2017 2018 2019 Sep.
Intelligent Manufacturing
6 % Advanced
Automation 14 %
Mechartronics 32 %
ICT Application
48 %
Annual Backlog over the years In hundred million of NTD
Distribution of 2019 Backlog
Copyright © 2019 CTCI All Rights Reserved.
The First Half of 2019 Major Project Awarded
9
Industry
1. Taichung LNG Terminal Loading Arms Control System Renewal Project
2. Digital Project solution for petrochemical plant
3.
Glass panel plants plumbing engineering
4.
Smart P&ID Implementation for petrochemical plant
Transportation
1. Taoyuan Airport T2 BHS O&M
2.
Taichung MRT Signaling Installation Extra Work
3. NSPO Ground Station monitoring system integration work
4.
Taoyuan Airport T3 BHS Subcontracted Project
Process Digitalization solution for Semiconductor materials plant
Mr. Energy solution for Electronic factory Clean MEP work for Biotechnology factory
5.
6.
7.
8.
5. Taipei MRT Xinzhuang Machinery Manufacturing Plant Power Remote Control System Inspection Service
Thermal Image Monitor System Implementation for Plastic Plant
Business Outlook
10
Copyright © 2019 CTCI All Rights Reserved.
Business Outlook – Industry Field
11
The government promotes circular economy and wants to establish some demonstration areas. → Brining process optimization and energy conservation works
Under the new energy policy, natural gas will be the major source of electricity generation. → Strives for LNG receiving terminal I&C work with CTCI Group
Due to environmental policy, Natural Gas become clean fuel for plants. → Strives for LNG satellite station construction related work.
With government promoting the AI plan, more and more enterprises are planning on AI investments. → Bringing IoT and AI applications implement opportunity
China-US trade war and government policy will encourage Taiwan businesses in China to move back to Taiwan. → Bringing clean room M&E and smart solutions implement works
Icon made by Eucalyp from www.flaticon.com
Copyright © 2019 CTCI All Rights Reserved.
Business Outlook –Transportation Field
12
Passenger volume at Taoyuan International Airport hits record high in 2018, TIAC continues to promote various new construction projects. → Strives for various construction projects
Metro-Taipei continues to optimize and update existing systems. → Bringing CCTV, Signaling and comm. System update works.
THSRC would like to enhance self-maintenance capabilities and implement material localization. → Strives for railroad switch PLC control box development project and PIDS
Ref: THSRC Q1~Q3 2018 Operating results
Copyright © 2019 CTCI All Rights Reserved.
Potential Business Opportunity – Industry Field
13
Petrochemical Industry
LNG Receiving Terminal I&C Work
LNG Satellite Station Construction work
APC System Implementation
Energy Optimization System Implementation
Process Improvement Service
DCS O&M Work for Plastic Plant
Process Optimization for Textile mill plant
Traceability and antiforgery system Implement for PVC plant.
Upstream
Midstream – Pertrochemical Plant
Downstream
HiTech/BioTech Industry
Mr. Energy Implementation for IC Design House
Mr. Energy Implementation for Wafer Foundry
Mr. Energy Implementation for Assembly House
MEP and I&C work for Glass Panel Plants
Mr. Energy Implementation for Electronic Foundry
Semiconductor
Panel and Electronic Foundry
Clean room MEP work for Biotech factory
Biotechnology
Smart P&ID Solution Implemeatation
Copyright © 2019 CTCI All Rights Reserved.
Potential Business Opportunity – Transportation Field
14
Rail
Taipei MRT Communication Engineer work.
Taoyuan MRT MEP Subcontract work
Taipei MRT CCTV Renewal Work
Taipei MRT Signaling System Renewal Work
Taipei MRT Stray Current Renewal Work
Airport
MEP related work in Taoyuan Terminal 3
Sub-Scada System implementation in Taoyuan Terminal 3
照片來源: Cheng-en Cheng@flickr – CC BY-SA 2.0 (The original photo was be cropped.)
Information System Integration work for Taoyuan T1 and T2
Financial Highlights
15
Copyright © 2019 CTCI All Rights Reserved.
Consolidated Revenue and Distribution
16
14.5
11.4
13.4 14.1
8.0
2015 2016 2017 2018 2019 Sep.
Advanced Automation
15%
Intelligent Manufacturing
20 %
Mechartronics 57 %
ICT Application
8 %
Annual Consolidated Revenue over the years In hundred million of NTD
Distribution of 2019 Jan. to Aug. Consolidated Revenue
Copyright © 2019 CTCI All Rights Reserved. 17
2019/09/30 2018/09/30 YOY
Sales Revenues 798,216 100.00% 1,070,787 100.00% -25.46%
Operating costs (676,560) -84.76% (930,477) -86.90% -27.29%
Gross Profit 121,656 15.24% 140,310 13.10% -13.29%
Operating expenses (71,581) -8.97% (75,538) -7.05% -5.24%
Operating income 50,075 6.27% 64,772 6.05% -22.69% Total non-operating income and expenses 14,825 1.86% 7,516 0.70% 97.25%
Profit before income tax 64,900 8.13% 72,288 6.75% -10.22%
Income tax expense (6,324) -0.79% (14,969) -1.40% -57.75%
Profit for the period 58,576 7.34% 57,319 5.35% 2.19% Profit attributable to Owners of the parent 58,576 7.34% 57,319 5.35% 2.19% Total basic earnings per share 2.49 2.44 2.05%
Q3 of 2019 Consolidated Income Statement Unit: NT$, Thousand
Copyright © 2019 CTCI All Rights Reserved. 18
Q3 of 2019 Consolidated Balance Sheet 2019/09/30 2018/09/30
Current assets* 1,010,757 91.32% 1,197,904 93.70%
Non-current assets 96,097 8.68% 80,522 6.30%
Total assets 1,106,854 100.00% 1,278,426 100.00%
Current liabilities 529,018 47.79% 727,313 56.89%
Non-current liabilities 30,571 2.76% 18,304 1.43%
Total Liabilities 559,589 50.56% 745,617 58.32%
Equity attributable to owners of the parent 547,265 49.44% 532,809 41.68%
Non-controlling interest 0 0.00% 0 0.00%
Total equity 547,265 49.44% 532,809 41.68%
Total liabilities and equity 1,106,854 100.00% 1,278,426 100.00% **Cash and cash equivalents:NT$4.18bn
Unit: NT$, Thousand
Copyright © 2019 CTCI All Rights Reserved.
Dividend Payout
19
2.92
4.77
6.02
5.38
4.32
3.44 3.40 3.08 3.23 3.25
3.01
4.02
5.42
4.51 4.26
2.53 2.53 2.51 2.88 2.78
103%
84% 90%
84%
99%
74% 74%
81%
89% 85%
0%
20%
40%
60%
80%
100%
120%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
98年 99年 100年 101年 102年 103年 104年 105年 106年 107年
每股稅後盈餘 每股現金股利 現金股息發放率(%)
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
EPS Cash DPS cash dividend payout ratio
Unit: NT$
Copyright © 2019 CTCI All Rights Reserved.
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