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1 HIGHWEALTH CONSTRUCTION Investor Conference 2018 興富發集團2018年法人說明會 2018年1月24日 1

2 Agenda Welcome Remarks Competitive Advantages Sales Performance Future Expectations 2

3 Disclaimer The prospective information referred to in this briefing and the relevant information released at the same time are based on Company information and the observation of overall economic development conditions. Such prospective information is subject to risks and uncertainties and may be beyond our control. Actual results may differ materially from such prospective information. The reason may come from a variety of factors including, but not limited to, increases in material costs, market demand, various policy and financial economy changes, and other risk factors beyond the control of this Company. The information provided in this briefing does not explicitly or implicitly express or ensure the accuracy, completeness, or reliability of such information and does not represent a complete theoretical discussion of this Company, its industry conditions, or subsequent major development directions. It only represents our outlook for the future and reflects our vision for the future thus far. For any future modifications or adjustments of such views, The Company does not guarantee the accuracy of the briefing information and shall not bear responsibility for the updated or revised information content of the briefing. This briefing may not be obtained by any third party without the written consent of this Company. 3

4 Welcome Remarks Chairman of Highwealth Construction : Chih-Lung, Cheng The 40th year in Business for Highwealth, Persistent Investment in Local Taiwan Total 210 construction sites with a total of 35,000 units, a total floor area of 1.63 million pings Highest total amount of money spent on land purchases among all firms, growing sales every year, growing number of employees 4

5 Competitive Advantage Vice General Manager of Highwealth Construction : Chao-Hsiung, Liao Concentrate on Marketing Positioning Maintain Strict Construction Quality Control On the Basis of Construction Persistently Maximize the Profit for Shareholders 5

HIGHWEALTH CONSTRUCTION History 1980 1999 2010 2014 2015 2017 Company Incorporation Highwealth

responsible for the group s construction business Revenue exceeded NT$20billion, ranked No.

5 billion, the 4 th consecutive year to exceed $20 billion; hailed as the treble king on revenue,

6 HIGHWEALTH CONSTRUCTION History Company Incorporation Highwealth began trading on the TWSE (2542 TT) Run Long Construction(1808 TT) joined the group and is responsible for the group s construction business Revenue exceeded NT$20billion, ranked No. 1 among all firms. Revenue reached NT$37.5 billion, the 4 th consecutive year to exceed $20 billion; hailed as the treble king on revenue, sales and stock price, a brilliant record. The total paidup capital of Highwealth is NT$11.66 billion Highwealth has been awarded the 10-billion land buyer for two consecutive years 6

7 Development Strategy Multiple Real Estate Developments Have an ample land bank currently, but constant mastery of land source information is essential to determine feasibility of various land development, actively expand prime locations and reserve land resources. Creation of Operational Advantages Operational Scale Expansion Plan various construction projects and aim to satisfy diverse market demands including large-size housing, first-time home purchases, retirement housing, commercial real estate. Accurate planning of real estate development and flexible marketing strategies. 7

8 Real Estate Development Northern Taiwan Medium, large housing First-time housing Commercial buildings Central Taiwan Medium, large housing First-time housing Commercial buildings Southern Taiwan Medium, large housing First-time housing Commercial buildings 8

Build Persistent Construction Dedicated to building persistent Intelligent Construction in the aspects of energy-saving, smart networking, environmentally friendly and ecology.

Planning Concept Energy-saving: High performance building shell system, low-emission glass, energy-saving light system, air conditioning system for energy saving Smart networking: Remote monitoring

9 Build Persistent Construction Dedicated to building persistent Intelligent Construction in the aspects of energy-saving, smart networking, environmentally friendly and ecology. Give consideration to comfortable and safe residences with the concept of low environmental impact. Planning Concept Energy-saving: High performance building shell system, low-emission glass, energy-saving light system, air conditioning system for energy saving Smart networking: Remote monitoring facility of control power and water level, develop intelligent housing system Environmentally friendly: Water-energy saving labeled facility, refrigerator appliance for waste and garbage disposal Ecology: Reserve original tree species, emphasize planting, 3-dimensional greening. Green Building Labeling System Cases awarded the certificate of the Green Building Labeling by Ministry of Interior Cases are the candidates of the Green Building certificate Improved Construction Techniques Introduce the techniques of shock insulation and earthquake-proofing: Having the leading technique in the construction industry, the Taiwan number one practitioner of earthquake-proof housing. Building Information Modeling (BIM): The 3-dimensional simulation provides information about mechanical electricity and structure for effective collaborative operation by the architects. This is the most consistent information ranging from designs and techniques to management. Introduce the Triple bottom up method: Adapt innovative techniques, the top down method, bottom up method and up up method to advance construction efficiency. 9

10 Market Share Ratio of Launched Case Volume in Taiwan 2014~2017 Item Year Unit: NT$100 million Until the 3 rd quarter of 2017 Launched case volume in Taiwan Market share (%) 2.2% 2.29% 2.33% 5.78% Ratio of prime launched cases for each district Taoyuan and Hsinchu area 3.9% Kaohsiung area 4.2% Taipei area 3.35% Taichung area 4.73% Tainan area 7.55% Keelung area 7.98% Taichung area 6.26% Taoyuan and Hsinchu area 15.80% Taichung area 16.34% Kaohsiung area 7.69% *The ratio of the market share (%): The launched case volume of Highwealth Construction/the total launched case volume in Taiwan (Keelung area, Taipei area, New Taipei City area, Taoyuan and Hsinchu area, Tainan area, Kaohsiung area) *The statistic data of launched case volume is in reference to the Cathay Real Estate Index and My Housing data in the Keelung area until the 3rd quarter of The market share of launched cases layout in Taiwan has grown from 3.35% to 16.34%, and is honorably listed as a MSCI constituent. 10

11 The Group s Amount of Land Purchase During 2013~2017 Item Year Unit: NT$100 million Total HIGHWEALTH Run Long Total amount of money Don t worry about the signs for future recession, make continuous purchases of land for construction, and prepare for future profit. 11

12 The Number of Employees of the Group Has Been Increasing Every Year The construction industry plays the role of a train locomotive in economic development. As a leader of the construction industry, Highwealth continuously invests in construction in Taiwan and provides local job opportunities. The number of employees of the Group has been increasing every year. The number at present is 6 times greater after being listed on the TWSE. The Number of Employees of Highwealth Construction Year Number of people ,009 Growth ratio - 250% 209% 117% 12

Charity Participation, Fulfill Corporate Social Responsibility Increasing the annual investment amount and participating in various charity organizations and promoting activities are things we do to

While investing in construction in Taiwan, we can make more contributions to Taiwan s competitiveness.

13 Charity Participation, Fulfill Corporate Social Responsibility Increasing the annual investment amount and participating in various charity organizations and promoting activities are things we do to constantly do something good and right in the hope of making a contribution to society and setting an example. While investing in construction in Taiwan, we can make more contributions to Taiwan s competitiveness. Create community culture Public participation and charity Light Up Taiwan Restore the municipal historic site Xin Fang Chun Tea House Promote culture activities held by cultural associations Provide Emergency Relief Provide care in winter Donate to the gas explosion in Kaohsiung Host dining for charity Revive the development of physical education (PE) Drug development in diseases Develop basic ball games Establish Highwealth Baseball Team Cultivate sports talents Make donations in support of rare diseases research Make donations to Tri-Service General Hospital Since 2011, we have donated over 80 million to the 4-year restoration of the Taipei City municipal designated historic site, Xin Fang Chun Tea House In 2014, we donated to the gas explosion in Kaohsiung During 2016~2018, we have invested 9 million to establish the Taipei Highwealth Baseball Team to support the development of adult baseball game in Taiwan. We hosted the Winter Care Charity Fair to support low-income families in 23 schools in Taipei City. We hosted the Light Up Taiwan activity to support the 101 fireworks event. Cultivate sports talents: Provide financial support to teenage tennis players, elementary school teams and the new tennis star, Wu Donglin, who has won ATP ranking. 13

14 Sales Performance Vice General Manager of Highwealth Construction : Chao-Hsiung, Liao 14

15 HIGHWEALTH CONSTRUCTION Introduction Company HIGHWEALTH CONSTRUCTION Corp. Incorporation In 1980 Started trading on the TWSE in 1999 (2542 TT) Capital Chairman General Manager Spokesperson Company Address NT$11,666,266,430 Mr. Chih-Lung, Cheng Mr. Hua-Chun, Fan Mr. Chao-Hsiung, Liao (VP of Development Dept.) 10F., No.267, Lequn 2nd Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.) Company Phone No

16 Sales Performance of Construction Cases Construction Cases Completed in 2017 Area Name of Case Location Area of Site (ping) Total Building Area Sold (ping) Total Sales Amount (by NT$ 100 million) Sales Ratio Greater Taipei Area Taichung Hongshulin (Art Deco in Taipei) Orion Legend Tamsui Dist., New Taipei City Xitun Dist., Taichung City , % , % Subtotal

17 Sales Performance of Construction Cases Sales Performance of Existing Housing in 2017 Area Name of Case Location Greater Taipei Area Hsinchu National No.1 Linkou Dist., New Taipei City Song Jiang No.1 Zhongshan Dist., Taipei City Taipei No.1 Zhongshan Dist., Taipei City Taipei Times Square Zhongshan Dist., Taipei City Yuanshan No.1 Shilin Dist., Taipei City Xin Fang Chun Datong Dist., Taipei City Taipei Surprise Wanhua Dist., Taipei City Zhongshan Kai Yen (Po Yuan) The Giant Zhongshan Dist., Taipei City Zhubei City, Hsinchu County Total Sales Amount (NT$ 100 million)

18 Sales Performance of Construction Cases Sales Performance of Existing Housing in 2017 Area Name of Case Location Total Sales Amount (NT$ 100 million) Taichung Goddess Aroma West Dist., Taichung City 1.35 Tainan Taichung National No. 1 Xitun Dist., Taichung City 3.47 APEC Clouds North Dist., Taichung City 0.32 Orion Castle Xitun Dist., Taichung City 3.31 Times Square CBD (Po Yuan) Chengda City (Chi Yu) Xitun Dist., Taichung City 5.35 North Dist., Tainan City 0.79 Kaohsiung King's Castle Gushan Dist., Kaohsiung City 1.12 Art Castle Gushan Dist., Kaohsiung City 1.09 Emperor No. 1 Lingya Dist., Kaohsiung City 5.32 Oriental Place Gushan Dist., Kaohsiung City 3.25 Subtotal

19 Area Name of Case Location Greater Taipei Area Total Building Area Sold (ping) Total Sales Amount (NT$ 100 million) Sales Ratio *Twin Lakes Estates Neihu Dist., Taipei City 15, % *Heart of the Ocean Tamsui Dist., New Taipei City 15, % *Metro Twin Tower Nangang Dist., Taipei City 2, % Hongshulin (Art Deco in Taipei) Tamsui Dist., New Taipei City % *More Worth Xizhi Dist., New Taipei City 5, % *Erudition Manor (Po Yuan) Anle Dist., Keelung City 6, % Hsinchu *The Top Green Life Zhubei City, Hsinchu County 5, % Park River Life Zhubei City, Hsinchu County 7, % Welcome to My World Sales Performance of Construction Cases Sales Performance of Sales Online in 2017 Hsinchu City 32, (with Highwealth 14,636.1) % Taichung Orion Legend Xitun Dist., Taichung City % Taichung *Wenhua hui Xitun Dist., Taichung City 6, % The Knowledge Xitun Dist., Taichung City 7, % *Zhenai (Beloved and Precious) Xitun Dist., Taichung City 11, % Kaohsiung The New Wave Zuoying Dist., Kaohsiung City 8, % *Avenue des Champs Qianjin Dist., Kaohsiung City 6, % *The House In The Midtown Lingya Dist., Kaohsiung City 6, % 19

20 Planned Cases for 2018 Area Name of Case (temporary) Location Greater Taipei Area Jiangcui Section Banqiao Dist., New Taipei City Total Building Area (ping) (with Highwealth 1950) Total Sales Amount (NT$ 100 million) 9.69 Yong Cui I Banqiao Dist., New Taipei City 6, Beixindu Banqiao Dist., New Taipei City (with Highwealth 2438) Yong Cui II Banqiao Dist., New Taipei City 6, Longfeng Section Xinzhuang Dist., New Taipei City Taoyuan Qingbu Project Zhongli Dist., Taoyuan City (with Highwealth ) (with Highwealth 2968) Taichung Shuhe Garden Nantun Dist., Taichung City 8, Tainan Jinhua Section Anping Dist., Tainan City 9, Shangding City Rende Dist., Tainan City 33, Yuguang III Anping Dist., Tainan City Kaohsiung Liuhe Project Lingya Dist., Kaohsiung City 8, Dagang Section Sanmin Dist., Kaohsiung City Meishu Garden Sanmin Dist., Kaohsiung City 18, Zhongdou III Sanmin Dist., Kaohsiung City The Joyful Life Zuoying Dist., Kaohsiung City (with Highwealth 8551) Boxiao Bijiang Qianjin Dist., Kaohsiung City 15, Subtotal 169,

21 Unit Price of New Housing Year Item Total Unit Price of New Housing (NT$ 10million)

22 Plan for Future 5 Years Area Greater Taipei Area Name of Case Total Sales Amount (100 million) Twin Lakes Estates Heart of the Ocean Metro Twin Tower Nangang Renovation Beitou Daye Section More Worth Danhai V Longfeng Section Jiangcui Section 9.69 Nangant V Yong Cui I Bexindu Section Yong Cui II Erudition Manor (Po Yuan) Taoyuan Qingbu Project 9.63 Hsinchu The Top Green Life Park River Life Welcome to My World

23 Plan for Future 5 Years Area Name of Case Total Sales Amount (100 million) Taichung Wenhuahui The Knowledge Shuhe Garden Zhenai (Beloved and Precious) Heuili Section Tainan Jinhua Section Shangdong City Yuguang III Kaohsiung The New Wave Loiuhe Project Avenue des Champs The House In The Midtown Dagang Section Zhongdou Section Meishu Dayue The Joyful Life Zhongdou Section Fushan Section Boxiao Yiji Boxiao Bijiang Oriental Laurel (Chi Yu) Subtotal

24 Consolidated Financial Status Unit: NT$ thousand Item Year (Financial data until September 30 th, 2017) Operating income 37,515,171 34,638,039 35,057,830 13,855,192 Operating costs 23,312,300 21,833,114 23,768,287 10,114,442 Operating margin 14,202,871 12,804,925 11,289,543 3,740,750 Operation gross margin (%) Business expenses 2,927,776 2,989,867 3,556,513 1,630,833 Operating income 11,275,095 9,815,058 7,733,030 2,109,917 Pre-tax income 11,172,002 9,873,872 7,856,704 2,197,307 Net income 10,746,861 8,954,895 7,268,083 2,016,641 Current net operating profit (%) Composite income 10,757,880 8,931,878 7,266,952 2,019,120 Earnings per share Total indebtedness 73,912,357 74,873,735 72,425,781 88,743,935 Stockholder s equity 34,280,534 39,322,208 38,730,346 33,890,754 Paid-up capital 8,974,051 11,666,266 11,666,266 11,666,266 24

25 Dividend Policy Dividend Year Apportionment of profit (NT$/dividend) Cash Dividend Additional paid-in capital (NT$/dividend) Stock Dividends Stock dividend from retained earnings (NT$/dividend) Stock Price Before Exdividend Date Dividend Yield (%) Dividend Payout Ratio (%) Until the end of 2017, the paid cash dividend has reached over NT$ 33.3 billion. 25

26 Sales Performance Vice General Manager of Run Long Construction : Ping-Tse, Chiu 26

27 Run Long-Taichung Run Long Construction Co., Ltd 2018 Presentation for Investor s Conference Jan 24,

28 Run Long Construction Introduction Company Name Run Long Construction Co., Ltd. Incorporation In 1977 Capital NT$ 2,434,044,460 Began trading on the TWSE in 1994 (1808 TT) Chairman General Manager Spokesperson Company Address Mr. Tsung-Pin, Tsai Mr. Tsung-Pin, Tsai Mr. Ping-Tse, Chiu (Vice General Manager) 8F., No.267, Lequn 2nd Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.) Company Phone No Factory Address No.220, Dechang St., Yingge Dist., New Taipei City 239, Taiwan (R.O.C.) Factory Telephone

29 Sales Performance of Construction Cases Cases Completed in 2017 Name of Case Location Product Total Building Area Sold (ping) Total Sales Amount (NT$ 100 million) Sales Ratio Xinyi City True Love Is ONLY LOVE Xinyi Dist., Keelung City Yongkang Dist., Tainan City Residential housing 10, % Residential housing 23, % Total 33,

30 Sales Performance of Construction Cases Sales Performance on Existing Housing in 2017 Name of Case Location Product Total Sales Amount (NT$ 100 million) Leader Empire Xindian Dist., New Taipei City Residential housing - Jingxin Wenhui Wenshan Dist., Taipei City Residential housing 3.41 Forest Palace Neihu Dist., Taipei City Residential housing 7.33 Eton Manon Wenshan Dist., Taipei City Residential housing - Dream House Zhubei City, Hsinchu County Residential housing The Palace Xitun Dist., Taichung City Residential housing - Total

31 Sales Performance of Construction Cases Sales Performance of Sales Online in 2017 Name of Case Location Product More Worth Xizhi Dist., New Taipei City Residential housing Total Building Area Sold (ping) Total Sales Amount (NT$ 100 million) Sales Ratio 1, % National Trade Center Xitun Dist., Taichung City Commercial building 13, % Run Long Nantun Dist., Taichung City Residential housing 9, % The Joyful Life Zuoying Dist., Kaohsiung City Residential housing 13, % Total 37,

32 Land Bank and Planned Cases Name of Case (temporary) Location Product Area of Site (ping) Total Building Area Sold (ping) Total Sales Amount (NT$ 100 million) BanqiaoYong Cui Banqiao Dist., New Taipei City Residential housing , Zhonghe Yuantong Zhonghe Dist., New Taipei City Residential housing 1, , Shangorilla Zhongshan Dist., Keelung City Residential housing 23, , Taoyuan Zhonglu Taoyuan Dist., Taoyuan City Residential housing 1, , Hsinchu Guangwu East Dist., Hsinchu City Residential and commercial building 2, , Taichung Zhongzheng Xitun Dist., Taichung City Residential and commercial building 1, , Kaohsiung Fudong Lingya Dist., Kaohsiung City Residential and commercial building 1, , Total 31, ,

33 Unit Price of New Housing Item Year Total Unit Price of New Housing (NT$ 100 million)

34 Future 5 Years Plan Name of Case Total Sales Amount (NT$ 100 million) More Worth 5.78 BanqiaoYong Cui Zhonghe Yuantong Xinyi City Shangorilla Taoyuan Zhonglu Hsinchu Guangwu National Trade Center Run Long Taichung Zhongzheng True Love Is ONLY LOVE Kaohsiung Fudong The Joyful Life Total

35 Item Year (Financial Data until September 30 th, 2017) Operating income 4,596,676 4,951,316 5,729,654 2,114,263 Operating margin 3,525,834 3,503,090 4,147,121 1,707,759 Operation gross profit 1,070,842 1,448,226 1,582, ,504 Operating gross margin (%) Business expenses 356, , , ,518 Operating income 714, ,065 1,095, ,986 Pre-tax income 676, ,667 1,164, ,357 Net income 668, ,219 1,035, ,810 Current net operating profit (%) Financial Status Unit: NT$ thousand Composite income 668, ,893 1,125, ,425 Earnings per share Total indebtedness 11,053,038 11,485,947 13,462,660 19,312,614 Stockholder s equity 3,978,298 5,160,794 5,218,013 4,245,372 Paid-up capital 1,850,089 2,330,323 2,376,663 2,434,044 35

36 Dividend Policy Dividend Year Apportionment of profit (NT$/dividend) Cash Dividend Additional paid-in Capital (NT$/dividend) Stock Price Before Exdividend Date Dividend Yield (%) Dividend Payout Rateio (%) Until 2017, the paid cash dividend has reached over NT$ 4.8 billion. 36

37 Future Expectations Chairman of Highwealth Construction : Chih-Lung, Cheng 37

38 Q & A THANK YOU! 38

Microsoft PowerPoint - FY Q Results.ppt [互換モード]

Microsoft PowerPoint - FY Q Results.ppt [互換モード] FY3-2012 3 rd Quarter Results Tokyo Stock Exchange / Nagoya Stock Exchange 8593 Results announcement date : February 3, 2012 Inquiries: Corporate Communications Department Tel 81+3-6865-3002, Fax: 81+3-6895-5306