AIDC Investor Conference (2634) Aerospace Industrial ...Taiwan defense budget ο-% of GDP Source :...
Transcript of AIDC Investor Conference (2634) Aerospace Industrial ...Taiwan defense budget ο-% of GDP Source :...
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Aerospace Industrial Development Corporation
Dec. 20, 2018
AIDC Investor Conference AIDC Investor Conference (2634)(2634)
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Disclaimer
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1. Our presentation may contain predictions,
estimates or other information that might be
considered forward-looking which are subject to
significant risks and uncertainties, actual results
may differ and will be disclosed via the “Market
Observation Post System” at the following link:
(http://mops.twse.com.tw/mops/web/index).
2. Some of the photos shown on certain slides are
credited to “Flaticon” (https://www.flaticon.com).
3. All copyrights reserved by AIDC, and contents of
this presentation shall not be reproduced , copied,
or used in other ways without permission.
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Outline
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Global Market Outlook
Business Status
Endeavors & Prospects
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Global aerospace market outlook
Sources :•Boeing Current Market Outlook 2018-2037 (>30 seats)•Airbus Global Market Forecast 2018-2037 (>100 seats)
Boeing and Airbus Forecast 2018-2037
Commercial Aircraft
Deliveries
37,400~42,700
Backlogincreased by 1.9 times
in the past 10 years
RPKAvg. annual growth
4.4~4.7 %
Market Value US$
5.8~6.3 trillionAirplanes
Services 4.6~8.8 trillion
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Sources : •Forecast International •CFM International Official Press
Aero Engine
Forecast International 2018-2027
LEAP engine orders
Market Value
US$ 220 billion(more than 15,000 engines)
>75% share of the single-aisle aircraft market
Market Value
US$ 897.8 billion
Deliveries
156,000
Global aerospace market outlook
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Sources :•Embraer Market Outlook 2018-2037 (<150 seats)•Honeywell 20th Annual Turbine-Powered, Civilian Helicopter Purchase Outlook
Business Jet & Helicopter
Embraer Forecast 2018-2037
Market ValueBusiness Jet Deliveries
10,550 US$ 600 billion
Honeywell Forecast 2018-2022
Civilian Helicopter
Deliveries
4,000~4,200
Latin America tops the demand with
35 %
Global aerospace market outlook
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Challenges for the aerospace industry
Industry 4.0
IntelligentManufacturing
AdditiveManufacturing
TradeProtectionism
Close to the Market
Tax Incentives
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Emerging aerospace clusters pose a threat
MalaysiaNT$100 billion
Malaysian Aerospace Market — KLIABC 2018
50% 40%
7Manufacturing MRO
Aerospace Industry Revenue in 2017
TaiwanNT$108.5 billion
Manufacturing Manufacturing
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Taiwan defense budget
ο - % of GDP
Source : Directorate-General of Budget, Accounting and Statistics, Executive Yuan, R.O.C. (Taiwan)
NT$100M
For the last 5 years, the average is 1.8% of the GDP.
In 2019, 21.3% of defense budget will be allocated to develop Taiwan’s indigenous defense industry.
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AIDC business status
3 Directions
Financial review
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Indigenous development of the AJT
Intelligent manufacturing
Supply chain integration
1
2
3
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Indigenous development of the AJT
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Local suppliers contract award
108 local suppliers awarded contracts.
135 companies are approved for AJT program.
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Indigenous development of the AJT
48companies
23companies
2017.12.06 2018.04.24
37companies
2018.10.17
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Intelligent manufacturing
iAIDC
Intelligent Machinery ‧‧‧‧ Intelligent Manufacturing ‧‧‧‧ Intelligent Management
Quality ‧‧‧‧ Efficiency ‧‧‧‧ Cost
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Intelligent manufacturing
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Intelligent Production Line
Domestic Machines5-axis Composite Material Machining Center; Routing Robot; Intelligent 5-Axis Waterjet Cutting; Composite Grinding Robot
AIDC received 2018 Intelligent Manufacturing
Gold Award
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Mfgr.110
Intelligent Machine
47
RawMaterial
19Logistics
5
Finance12
Tool Supplier
17
Academia
23
Others23
2016.06.02
220companies
2016.11.28
294companies 2017.07.20
330companies
2017.12.27
273companies
2018.07.10
256companies
KPI
Supply chain integration
Taiwan Aerospace A-TEAM 4.0
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2017.01.19
Implementation of lean production to enter international aerospace market
2018.06.25
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Financial review
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Steady growth in revenue
275231 249 269 273
2018 1-11
251
2%
41% 36% 44% 48% 55% 44%
57% 63% 55% 51% 44%
1% 1% 1%1%
55%
1%
NT$100M
Revenue
Defense
Commercial
Tech. Service
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2018 & 2017 ComparisonNT$100M
Financial review
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Net Profit & EPS
Net Profit (NT$100M)
Remarks: Denominator of 2017 EPS includes stock dividend. 2014-2016 were retrospectively adjusted.
EPS (NT$/Share)
Financial review
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Endeavors & Prospects
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Global aerospace industry will focus on 4 aspects
Source: 2018 Airbus Global Supplier Conference
Quality On-Time Delivery Digitalization Environment
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AIDC accelerates toward transformation
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Micro Company Small Enterprise Sustainable Development
Smart Process Evolution Effectiveness Determination
AIDC wins a silver medal in Traditional Manufacturing category.
The 2018 Taiwan
Corporate Sustainability Awards
2019
““““SPEEDSPEEDSPEEDSPEED””””
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Thank you
漢 翔 航 空 工 業 股 份 有 限 公 司Aerospace Industrial Development Corporation