(UPEC 1216TT) 2008年8月
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
-
(UPEC 1216TT)20088
-
1967 US$4.4bn*
* August 5, 2008US$1=NT$30.71
-
(45.4%) (40%)
Major Entities and Selected Brands
Anheuser-Busch Maxwell House and Chupa Chups
LTPS TFT LCD
(100%)
(62.5%)
(31.8%)
2
-
1.(all weather)
2.3.
3
-
4
-
1Pricing
23Product/Brand Portfolio
1Pricing
23Product/Brand Portfolio
5
-
Major Entities and Selected Brands
+
++
+
+ +
+ +
6
-
Major Entities and Selected Brands
10+610+610+610+6
7
-
:
:
2007
48.0%29.8%47.5%46.7%16.5%
47.4%
8
-
YOY=7.4%
-
10,000
20,000
30,000
40,000
50,000NT$mn
42.5%
31.5%
10%9%7%
42,84540,252
-
3,000
6,000
9,000
12,000
15,000
33%
42%
10%
12,24710,615
37%
37%
10%
6%
10%
35%
40%
9%
2007Q12006 2007
46,026
2005 2008Q1
YOY=7.4%YOY=15.3%
9
-
22.09%
3.19% 3.71% 3.60%
20.06%18.22%
22.65% 23.27%
-0.28%
6.26%8.00%
4.91%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
2004 2005 2006 2007
20.55%
4.85%1.86%
22.27%
2.34%
5.56%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
2007Q1 2008Q1
Gross Margin OP Margin ROE
10
-
NT
% % % 257,667 288,592 73,360 42,845 100 46,026 100 12,247 100 9,971 23.3 10,165 22.1 2,517 20.6 1,588 3.7 1,659 3.6 594 4.8 3,739 8.7 11,022 23.9 1,274 10.4 3,607 8.4 11,017 23.9 1,178 9.6EPS
1.08 3.10 0.335.14% 13.03% 1.36%
1.86%20.06%8.00%
33,541 35,554 35,554
2006 2007 2008Q1
11
-
Kuang Chuan 200431% 27%
-
Wei Li Food 200732% 20%
TTET Union 38%
12
-
(UPEC (UPEC 45.4% )45.4% )
7-ELEVEN
US$2.8bn* 2~3%
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Total 5,024 5,470 5,955 6,074 PCSC 2,483 2,874 3,067 3,140
2004 2005 2006 2007
US$mn 51.7%
*August 5, 2008US$1=NT$30.7 13
-
(UPEC (UPEC 45.4% )45.4% )
0
2,000
4,000
6,000
8,000
10,000
Niko Mart Chain 360 300 Exited
OK Chain 873 840 818
Hi-Life Chain 1,160 1,261 1,296
Family Mart Chain 1,851 2,012 2,228
7-ELEVEN Chain 4,037 4,385 4,705
2005 2006 2007
50.7%48.2%
2007 200834,770
7-ELEVEN
14
-
((50% )50% ) Starbucks Starbucks50%
0
50
100
150
200
250
2004 2005 2006 2007 2008 Mar
214
140
/
0
20
40
60
80
100
120
2004 2005 2006 2007
US$mn
97
62
/
15
-
1995100% 20083 262 14
US$mn
050
100150
200250300
2003 2004 2005 2006 2007
SalesStores
257
159
16
-
Retail Support International: 45%
Uni-PresidentCold-Chain: 80%
MUJI : 11:51%
Mister Donut : 39: 50%
Cold Stone Creamery : 7: 100%
TAKKYUBIN
: 90%
Hankyu
: 1: 100%
17
-
(UPEC (UPEC 100% )100% ) 1979
Anheuser-Busch
BudweiserBuschMichelob Classic Dark
Kraft Foods Maxwell House Chupa Chups Chupa Chups Lollipop
18
-
(UPCH) (UPCH) (UPEC(UPEC 73.5% )73.5% ) 199220071217US$1.43bn*
No.2
No.2
No.3
22.2%
24.3%
10.0%
: AC Nielsen 1~3, 2008
200819* August 5, 2008US$1=HK $7.805
-
UPCH
13 5350*
5301,000,000300*
*May 2, 2008 20
-
UPCH RMB$mn
-
2,000
4,000
6,000
8,000
10,000
70.9%
2005 2007CAGR= 15.1%
28.2%YOY growth =10.5 %
YOY growth =9.38 %
20062005 2007
23 55 68 2,291 2,212 2,445 4,224 5,617 6,144
6,538 7,884 8,65721
-
UPCH
RMB$mn
254
146
424
683.9%
1.9%
4.9%
0
150
300
450
2005 2006 2007 2008 Q1
Net IncomeNet Margin
2006 ~ 2007YOY = 190 %
22
-
/
4.37%
50%
50%
9%
23
-
-2,0004,0006,000
2004 2005 2006 2007
RMB$mn*
24*
-
* By internal report
* NT$mn
-2,0004,0006,0008,000
10,00012,000
2006 2007
YOY = 59 %
(owned 100% )(owned 100% )
(owned 49% )(owned 49% )
(owned 100% )(owned 100% )
(owned 100% )(owned 100% )
0
500
1,000
1,500
2,000
2,500
3,000
2007Q1 2008Q1
YOY = 75 %
25
Related Documents
