Date ：2014 / 11/ 18

LU HAI HOLDING CORP.
F－六暉 ( 2115 ) 2014 Q3 Business Review
Date ：2014 / 11/ 18
Safe Harbor Notice
This presentation and discussion contain certain forward-looking
statements with respect to the result of operation, financial condition
and current expectation. The forward-looking statement are subject
to know and unknown uncertainties and risks that could cause actual
results to differ materially from those expressed or implied by such
statements.
Therefore, please refer to the information on MOPS
website as the main basis if any adjustment has been made. LUHAI
undertakes no obligation to update these forward-looking statements
for events or circumstances that occur subsequent to such date.
( http://mops.twse.com.tw)
1
Company Profile
Foundation：2009.10.19
 Stock Listing：2013.12.25
Chairman：Wu, Chin-Lu
 General Manager：Simon Hsu
Production：
( 2014/Q3)
• Valves 82.33 %
•Accessories and others 17.67 %
Subsidiary location：
• Taiwan (1983)
• Kunshan(1997)
• Xiamen (1990, 2000)
• Indonesia (2011)
Number of employees： 1,480 (base date 2014/10/31)
Capital ：NTD 709.95 million
Production Capacity：52 million pcs / Month
2
History
year
Milestone
1980
 Liuho Established in Changhwa, Taiwan
1983
 Luhai Industrial Corp. Established in Changhwa, Taiwan
1990
 Xiamen Xiahui Rubber Metal Industrial Co., Ltd. Established
1997
 Luhai Rubber Metal Industrial (Kunshan) Co., Ltd. Established
2000
 Luhai Metal Co., Ltd. ( 2011 M&A by XIAMEN XIAHUI )
2002
 Approved by MICHELIN China
2009
 Lu Hai Holding Corp. Established in Cayman Islands
2011
 Approved by BRIDGESTONE (Japan)
 PT. Luhai Industrial Established in Jakarta Indonesia
2012
 LUHAI awarded “The Well-Known Brand in China”
2013
 awarded Top 10 Happiness Enterprise in Xiamen China
3
Subsidiary
Sub.
(location)
Plant Area
(square meters)
LH
(Changhwa,T
aiwan)
4,899
X plant
12,820
Category
Taiwan domestic market
1. BC, MC, electirc MC
2. 40% domestic market
(south China), 60% export
XH
(Xiamen,
China)
MH plant
16,438
TPMS Valves,
Precision CNC parts
4
Subsidiary
Sub.
(location)
KH
(Kunshan,
China)
IH
(Jakata,
Indonesia)
Plant Area
(square
meters)
36,138
57,777
Category
1. PC, T/B, L/T, AG, Otr
2. 70% domestic market (East /
North China) , 30% export
1. MC
2. Indonesia market
( outlook: ASEAN and Moslem
market)
5
Main Product
6
Customers
7
Customers
TPMS
8
Accessories and others
9
Revenue breakdown
100.00%
17.95%
18.73%
18.06%
17.67%
29.32%
25.94%
27.71%
27.00%
28.70%
32.77%
31.37%
31.46%
24.03%
22.56%
22.86%
23.87%
2011
2012
2013
80.00%
60.00%
40.00%
20.00%
0.00%
2014前三季
配件及其他accessories and others
汽車、卡車及非道路用車類PC, T/B, L/T, AG, Otr
機車、電動摩托車MC, electric MC
腳踏車BC
10
Revenue breakdown
100.00%
24.85%
22.04%
27.08%
25.12%
27.43%
32.86%
28.73%
26.96%
47.72%
45.10%
44.19%
47.92%
2011
2012
2013
80.00%
60.00%
40.00%
20.00%
0.00%
其他others
印尼Indonesia
2014Q3
中國China
11
Financial Results
Net Revenue
NTD thousand
3,000,000
2,400,859
2,500,000
2,163,061
2,000,000
2,163,061
1,963,762
1,952,995
1,757,312
1,500,000
1,000,000
500,000
0
2011
2012
2012IFRS
2013IFRS
2013前三季 2014前三季
12
Financial Results
Gross Profit / %
NTD thousand
20.93%
600,000
18.50%
18.56%
17.75%
500,000
17.78%
20.00%
17.80%
444,094
400,000
364,473
383,951
408,831
384,691
15.00%
312,842
300,000
10.00%
200,000
5.00%
100,000
-
0.00%
2011
2012
2012IFRS
2013IFRS 2013前三季 2014前三季
13
Financial Results
Income form Operations
NTD thousand
250,000
219,180
194,599
200,000
150,000
144,240
134,813
133,157
2012
2012IFRS
126,358
100,000
50,000
0
2011
2013IFRS
2013前三季 2014前三季
14
Financial Results
Net Income/ %
NTD thousand
180,000
172,499
8.83%
120,000
106,825
103,442
92,468
90,765
5.27%
4.27%
60,000
4.20%
10.00%
8.00%
6.00%
73,300
4.45%
4.00%
4.17%
2.00%
-
0.00%
2011
2012
2012IFRS
2013IFRS 2013前三季 2014前三季
15
Financial Results
EPS
NTD
3
2.43
2.5
2
1.77
1.72
1.54
1.5
1.51
1.16
1
0.5
0
2011
2012
2012IFRS
2013IFRS
2013前三季 2014前三季
16
Financial Results
NTD thousand
696,019
700,000
600,000
500,000
643,547
589,138
569,012
599,162
20.40%
19.63%
16.87%
400,000
629,072
25.00%
627,904
20.86%
20.64%
21.31%
16.89%
15.00%
9.61%
300,000
9.26%
7.54%
200,000
6.09%
52,005
10.00%
5.21%
3.71%
100,000
20.00%
35,732
2.72%
68,241
84,126
58,636
5.00%
76,418
38,621
0
0.00%
2013Q1
2013Q2
營業收入
2013Q3
2013Q4
營業淨利
2014Q1
2014Q2
淨利率
2014Q3
毛利率
17
http://www.luhai.com.tw
E-MAIL://[email protected]