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 139,000 people globally.

Financial performance (2024 2Q and 1-2Q)

• 2Q 2024 revenue reached NTD 22,267 million, up 8% YoY and QoQ.

• Gross margin improved to 23%, up 4ppt YoY; net profit margin rose to 8%, up 2ppt YoY.

• EPS for 2Q 2024 was NTD 1.60, a 32% YoY increase.

• 1-2Q 2024 revenue totaled NTD 42,883 million, up 7% YoY; net income grew 39% YoY to NTD 3,034 million.

• 1-2Q 2024 EPS was NTD 2.89, up 47% YoY.

Balance sheet and cash flow

• Total assets as of June 30, 2024, were NTD 52,846 million; equity stood at NTD 24,915 million.

• Cash position was NTD 3,258 million, with inventories at NTD 9,079 million.

• Total liabilities were NTD 27,930 million, representing 53% of total assets.

• Cash from operating activities for 1-2Q 2024 was NTD 2,025 million; capital expenditures were NTD 1,597 million.

• Cash dividends paid in 1-2Q 2024 amounted to NTD 6,789 million.