Feng Tay Enterprises (9910) Investor presentation summary

Company overview

• Founded in 1971 with headquarters in Yunlin Science and Industrial Park, Taiwan.

• Specializes in shoe manufacturing and sales with a capital of NTD 9,875 million.

• Production capacity is distributed across China (9%), Indonesia (14%), Vietnam (48%), and India (29%).

• Employs approximately 136,000 people globally.

Financial performance (2024 3Q and YTD)

• 3Q 2024 revenue was NTD 22,719 million, up 2% QoQ but down 2% YoY.

• Gross margin improved to 24% in 3Q 2024, up 2ppt YoY.

• Net profit margin for 3Q 2024 was 7%, down 1ppt YoY.

• EPS for 3Q 2024 was NTD 1.45, a 15% decrease YoY.

• For 1-3Q 2024, revenue grew 4% YoY to NTD 65,602 million, with net income up 14% YoY to NTD 4,564 million.

Balance sheet and cash flow

• Total assets as of September 30, 2024, were NTD 51,955 million, with equity at NTD 25,769 million.

• Cash position at the end of 3Q 2024 was NTD 3,309 million.

• Bank loans increased to NTD 7,401 million, up from NTD 5,759 million at the end of 2023.

• Cash from operating activities for 1-3Q 2024 was NTD 4,596 million.

• Capital expenditures for the same period totaled NTD 2,241 million.