CLEVO CO. Date :20 September,2010
CLEVO CO.
Date :20 September,2010
AGENDAAGENDAA. Structure of CLEVO
B. Financial Information
C. Channel Business
D. Q & A
2
Chairman
100% 30%
CHICONY Sq.BUYNOW
CLEVO (TW2362)
XAViHipro
CHICONY(TW2385)
Structure of CLEVO
3
Investment StructureClevo Co., TaiwanClevo Co., Taiwan
Clevo ComputerSingapore Pte Ltd.“Clevo Singapore”
Paid in Capital US$16.04M
Clevo (CaymanIslands) Holding Co.
“Clevo (Cayman)”Paid in Capital US$86.05M
Kapok Computer(Kunshan) Co. Ltd.“Kapok Kunshan”
Paid in Capital US$ 6M
Kapok Computer (Samoa) Corporation
”Kapok Samoa”Paid in Capital US$7M
100% 100%100%
100%
Channel BusinessPaid in Capital US$102.09M
BUYNOW US$87.69MCHICONY SQUARE US$14.4M
NB Business
4
Financial InformationCurrency : NT$ / one hundred million dollars
5
Consolidated Revenue Net Income
09H1 10H1 09Y 09H1 10H1 09Y
NB Business 68.03 54.15 154.84 -0.05 0.27 3.71
IT Malls 17.54 21.88 36.33 1.43 3.10 4.27
PropertyDevelopment
3.84 0.65 15.17 0.25 -0.99 -0.33
Chicony Suqre (owned30%)
30.05 32.98 63.09 0.68 0.63 1.23
Total 89.41 76.68 206.34 2.31 3.01 8.88
Consolidated Revenue Net Income
09H1 10H1 09Y 09H1 10H1 09Y
NB Business 76% 71% 75% -102% 9% 42%
China Channel Business 24% 29% 25% 2% 91% 58%
Item
Business Unit
Remark : NB BU include Taipei and Kunshan
CLEVO
6
Founded in 1998 and invested by Clevo, Buynow has become one of the most famous IT mall in China.
There are 20 IT malls of BUYNOW, they are in Shanghai, Nanjing, Chengdu, Shenyang, Zhenzhou, Tainjin, Hefei, Hangzhou, Guanzhou, Changchun, Pudong, Xian, Harbin, Xiamen, Wuxi, Beijing, Xuhui, Qingdao, Changzhou, Chongqing . And all of them become local market leaders.
And Wuhan, Xian II, Kunming, Daqing, Guiyang, Zibo are in progress.
Buynow General Information
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BUYNOW in China – 1/2
8
Chengdu 1999Shanghai 1998 Nanjing 2001 Shenyang 2003 Tainjin 2004
Zhengzhou 2004 Hefei 2005 Changchun 2007Hangzhou 2005 Guangzhou 2006
BUYNOW in China – 2/2
9
Xiamen 2008 Harbin 2008Pudong 2007 Wuxi 2009Xian 2007
Qingdao2009Beijing 2009 Changzhou 2010Xuhui 2009 Chongqing2010
Strategy of BUYNOW
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Refer to next pageCompetitive advantage
The best location of the provincial capital in ChinaGeography environment
50 chain mallsRelative Economic Scale
Land developing + Constructing + Building Sales + Mall Operation
Vertical Integration
TOP 30 Brand Accounts + Local Distributors + online shopping populationTarget Customer
Fixed Rental IT Shopping Mall + ECProduct
10
Competitive AdvantagesCompetitive Advantages
National Chain Malls Self-owned Buildings Fixed Leasing Revenue Increasing Assets Value Professional Management
11
Beijing
XuhuiGuangzhou
6,500 parking lotsParking
36 thousand m2Total Area of Restaurant
9,200 StoresStores
0.42 million m2Total Area of Malls
175 million personsVisitors per year
0.48 million personsVisitors per day
20 MallsIT Malls
BUYNOW 2010
12
Overview of BUYNOW IT Malls
100%
上海 南京 天津 廣州 瀋陽 成都 合肥 鄭州 長春 杭州 廈門 西安 哈爾濱 青島
75%
0%
50%55% 50%
45% 50% 40%
80%
42% 40%35%
63%
29% 28% 30%
2009年各店人流量佔當地商場人流量比例分析
3 3 3 5 4 4 4 2 3 3 5 4 4 3監測商場數量
36,27026,098 26,341
20,867 22,330 21,149 18,38823,356
30,439
81,042
96,979
24,95427,491
13,607
0.930.65
0.891.231.11.091.18
1.621.612.09
3.483.07
2.57
1.0720,000
40,000
60,000
80,000
100,000
上海 南京 天津 廣州 瀋陽 成都 合肥 鄭州 長春 杭州 廈門 西安 哈爾濱 青島
0
2
4
6
8
各店人流量月均值 各店人流密度月均值
2009年各店人流量及人流密度分析
13
Market share is about 47%Market share is about 47%
Y2009 Market share and Density of Visitors
Target of BUYNOW
12,000 parking lotsParking
75 thousand m2Total Area of Restaurant
22,000 StoresStores
1.05 million m2Total Area of Malls
450 million personsVisitors per year
1.25 million personsVisitors per day
50 MallsIT Malls
BUYNOW 2015
Revenue of BUYNOW IT Malls
22
3138
10
20
30
40
50
60
07Y 08Y 09Y 10Y(F)
Revenue
Compound
Annual Grow
th Rate of R
evenue is 31%
15
Currency : NT$ / one hundred million dollars
18
24
05
1015202530
09H1 10H1
Revenue
33%
12S 14S 18S 20S
10
15
18
10
20
30
07Y 08Y 09Y 10Y(F)
EBITDA
Compound
Annual Grow
th Rate of E
BITDA is 36%
16
EBITDA of BUYNOW IT MallsCurrency : NT$ / one hundred million dollars
8
12
0
5
10
15
09H1 10H1
EBITDA
50%
12S 14S 18S 20S
17
2.1
4.4
5.8
123456789
07Y 08Y 09Y 10Y(F)
Profit
Compoun
d Annual
Growth R
ate of Pro
fit is57%
Profit of BUYNOW IT MallsCurrency : NT$ / one hundred million dollars
2.6
4.3
0
1
2
3
4
5
6
09H1 10H1
Profit
65%
12S 14S 18S 20S
Chicony Square
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Chicony Square ─ Department Stores, Synonymous with fashion
Wuhan(Opened on YA2003)
ChengduGrand Hyatt
(will open on Oct. of 2010)
Xian(will open at the end of YA2012)
(90,964m2) (105,000m2)(55,000m2)
(105,000m2)
4046
50
0
10
20
30
40
50
60
70
80
07Y 08Y 09Y 10Y(F)
Revenue
19
Compound A
nnual Growt
h Rate of Re
venue21%
Revenue of Chicony WuhanCurrency : NT$ / one hundred million dollars
3035
0
10
20
30
40
50
09H1 10H1
Revenue
17%
6.57.3
8.3
0123456789
101112
07Y 08Y 09Y 10Y(F)
EBITDA
20
Compoun
d Annual
Growth Ra
te of EBI
TDA22%
EBITDA of Chicony WuhanCurrency : NT$ / one hundred million dollars
45
0
2
4
6
09H1 10H1
EBITDA
25%
3.13.7
4.8
0
1
2
3
4
5
6
YA07 YA08 YA09 YA10(F)
Profit
21
Compoun
d Annual
Growth Ra
te of Prof
it 29%
Profit of Chicony WuhanCurrency : NT$ / one hundred million dollars
2.52.8
0
1
2
3
4
09H1 10H1
Profit
12%
Celebration of 2010 Changzhou opened on Feb. Chongqing opened on Apr. Chicony Chengdu will open on Oct. Daqing will open on Dec. Zibo will open on Dec.
22
Thank You