Sinopac Financial Advisory

transcript

Sinopac Financial AdvisorySinopac Financial AdvisorySinopac Financial AdvisorySinopac Financial Advisory

Mission

Why is Financial Advisory important ？

• Creates Value: Game Changer. A bigger pie for all!

• Pre-emptive: Take advantage of appropriate market opportunities – decrease transaction costs.

• Provide professional planning and turn key solution.

A Diverse Platform

FinancialAdvisoryFinancialAdvisoryPrivate

PlacementPrivate

Placement

M&A(Sell / Buy / Invest)

Customer Development

Restructuring Restructuring Strategic Alliances (JV)

Strategic Alliances (JV)

• What can we offer ？

A. Overall Planning & SchedulingA. Overall Planning & Scheduling

B. Draft Resolution Compliance Advising

C. Deal Structure DesignC. Deal Structure Design

E. Assist in Reporting, Legal Compliance, Review/Edit Documents, Regulatory Negotiations

G. Assist with Disclosures, Public Announcements, Related Advises, Drafts, Recommendations

F. Facilitate Communications (CPA, Attorney, Expert, etc.)F. Facilitate Communications (CPA, Attorney, Expert, etc.)

D. Valuation and AnalysisD. Valuation and Analysis

Service Scope

• Professional Arrangements

Strategic Alliance (JV) 、 Customer Development

ClientClient

Strategic InvestorsStrategic Investors

Greater

China Expansion

Greater China

Expansion

Taiwan BasedTaiwan Based

Assist in:

• Find Strategic Business Partners and Evaluate Feasibility

• Setting Up New Business Entity,Scheduling, Negotiations, and Legal Compliance Advising

• Design Deal Structure

Service Scope

• A Strategic Perspective

Major FA Partners – China

• Strong interpersonal network and channel resources

Major FA Partners – International

• Diverse Strategic Alliances & Resources

Major Partners – Local Strategic Investors

• Strong ties with local strategic investors

Major Partners – Local Financial Investors

• Strong ties with local financial investors

Major Partners – Strategic Investors

• Start with strategic alliances in greater China market and break new grounds!

主要合作夥伴 – 跨境財務投資者

• Vision – 「 Taiwan’s No.1 Financial Advisory Team 」

Introduction to SinoPac Holdings

SinoPac Financial Holdings At-A-Glance

SinoPacSecurities

BankSinoPac

SinoPac SecuritiesInvestment

SinoPac Call Center

SinoPac Financial

Consulting

SinoPac VentureCapital

SinoPac Asset

Management

SinoPacFinancial Holdings

Founded in Oct. 1988

Listed on TSE in 2002

Capital: NT$ 82 bil (US$ 2.7 bil)

Assets: NT$ 1.47 tri (US$ 49 bil)

Mkt Cap: NT$ 115 bil (US$ 3.8 bil)

No. of employees: ~ 8,000

Ranked No. 5 among all private

financial holdings in Taiwan

by assets

Major subsidiaries: Bank

SinoPac & SinoPac Securities

No. of branches: 211 (with 22

overseas branches)

Well-established Global Presences

San Franscisco

SinoPac Financial Services (US)

Far East National Bank (US)California

SinoPac Securities(Europe)

London

Bank SinoPac (HK/Macau Branch)SinoPac Securities (Asia)SinoPac Capital (HK)Shanghai Int’l Asset Mgt (HK)

HKBank SinoPac

SinoPac Securities

Taipei

Shanghai

Vietnam

Beijing

SinoPac Financial Holdings has complete distribution channels throughout Europe, US and Asia. Bank SinoPac has overseas branches in US, HK, Macau, China and Vietnam while SinoPac Securities has overseas branches in UK, Hong Kong and a representative office in Shanghai.

Leading Market Position in Taiwan

Bond &Bond &DerivativesDerivatives

• Futures and Options: 6.98% No. 3 • Warrant issuance: 1988 10.7% No. 3•Bond underwriting amounts: NT$ 19.6bn

UnderwritingUnderwritingUnderwritingUnderwriting

BrokerageBrokerageBrokerageBrokerage• Brokerage: 5.23 % No. 4• E-Trading: 6.98 % No. 3

2013 Market Share & Ranking

• Total underwriting amounts:

NT$ 11.3bn No. 2• Market share : 14.7% No. 2• Lead underwriter: 29 cases No. 2

Source: Bloomberg, TWSE, SinoPac Securities (Jan. 2013)

Strong Business Network in China

SinoPac has been partnering with leading financial institutions or investment banks in China such as ICBC International, Guosen Securities, Shanghai Securities and Huarong AMC for cross-strait investment banking businesses.

SinoPac has signed a MOU on 3/30/2013 with the largest bank in China – ICBC for a 20% strategic equity stake sale on cross-strait banking business cooperation.

Best Equity House in Taiwan!

SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan” in 2010 & 2012!

SinoPac Accolades

“ The Best Equity House in Taiwan ”

“ The Best Emerging Market Bank in Taiwan ”

“ The Best Local Commercial Bank in Taiwan ”

“ The Best Local Equity House in Taiwan ”

“ The Best Domestic Bank in Taiwan ”

July 2005, FinanceAsia May 2004, Global Finance Nov. 2003, The AssetMay 2004, AsiamoneyJuly 2004, FinanceAsiaNov. 2004, The Asset

“ Best Taiwan Deal ” “ Asia Pacific's Strongest Banks ”

“ Excellent Service Award – Best Bank in Taiwan ”

“ Best Investor Relations ”

Sept. 2005, The Asian Banker Journal

Dec. 2005, FinanceAsiaNov. 2006, Global Views Sept. 2006, FinanceAsia

“ The Ranking of Wealth management Banks of Risk Management ”

Aug. 2008, Business Today

July 2010, FinanceAsia

May 2012

April 2012

Mar 2012Wow Prime Group (2727.TT)Wow Prime Group (2727.TT)

Ginko International (8406.TT)Ginko International (8406.TT)

The largest restaurant chain operator in Taiwan with12 brandsNT$ 1.92 billion offering (US$ 64 million); 800x over-subscriptionStock price soared by +47% on the 1st trading dayTrading at 28-35x trailing PER

The largest contact lenses maker in China with own brand “Hydro”NT$ 2.05 billion offering (US$ 68 million); 65x over-subscriptionStock price soared by +60% for the 1st trading weekTrading at 30-40x trailing PER

Hermes Microvision (3658.TT)Hermes Microvision (3658.TT)

SinoPac Sponsored The Three Hottest IPOs in 2012SinoPac Sponsored The Three Hottest IPOs in 2012

The largest semiconductor testing equipment in Taiwan NT$ 1.22 billion offering (US$ 41 million); 300x over-subscriptionStock price soared by +50% on the 1st trading dayTrading at 25-40x trailing PER

With the above outstanding achievements, SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan”“The Best Equity House in Taiwan” for 2012 again!!With the above outstanding achievements, SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan”“The Best Equity House in Taiwan” for 2012 again!!

SinoPac’s Biotech IPO Track RecordsSinoPac’s Biotech IPO Track Records

Genmont(3164)GTSM IPOSep 2008

Apex (3109)Emerging stock

May 2007

Hot IPO in the market; 100 times+ over-subscription!

Phyto (4108)GTSM IPOMay 2002

Yun Zip (4102)GTSM IPOMar 2001

Sinphar (1734)GTSM IPOOct 2000

TLC (4152)GTSM IPODec 2012

Engaged biotech companies at advisory guidance stage

Joben Bio Ann CareSinphar Bio

Ginko (8406)GTSM IPOApril 2012

Medigen (3176)GTSM IPODec 2011

Hoxen Tech

Taigen BioEmerging stock

Mid 2013

Complete Research throughout Greater ChinaComplete Research throughout Greater China

• SinoPac has a research team with 45 analysts based in Taipei, Hong Kong and Shanghai, respectively.

• SinoPac is also the only Taiwanese securities house that have set up subsidiary in London, UK.

SinoPac’s Worldwide Placement ChannelsSinoPac’s Worldwide Placement Channels

• We have strong placement channels across greater China, Singapore and Europe, providing a diversified investor base

• 15 English-spoken professional sales on site to serve various global clients

• Has good capability placing out mega deals up to US$ 600 million offering (e.g. MasterKong TDR)

Value-Added Services to Underwriting CustomersValue-Added Services to Underwriting Customers

Promoting underwriting customers through mega-investment forum to effectively increase the listed company’s market recognition.

Co-hosted 2012 Taiwan restaurant chains globalization investment forum to promote Wowprime Group’s IPO

Introduction to Overseas Investment Banking Business

Our Core Competences

Deep-rooted and well-connected enterprise customer network in the greater China region with strong cross-border financial and strategic investors lineup

Familiarity with buy-side & sell-side transaction process flows and capital market dynamics

Offering a turnkey financial solution to enterprise customer from debt financing, pre-IPO equity financing to capital market services (IPO/SPO) etc…

Well-established international placement channels and solid capital

market track records in Taiwan & Hong Kong

Strategic ties with leading investment banks in China such as ICBC International and Guosen Securities

Extensive Private Equity & Industry Network

Our Private Equity & Industry NetworkOur Private Equity & Industry Network

FinancialFinancial StrategicStrategic ForeignForeign

CDIBCID GroupCathay Life

Top Taiwan VC FundWK Technology Fund

Hotung Investment Group

Yuanta VCFubon VCChinatrustTaiwan Life

Paclink Asset MgmtFortune VCConcord VC

Vincera CapitalHarbinger VC

ITICPremier VC

ASUSHTC

TSMCUMC Capital

LiteOnCompalQuanta

MediatekFoxconn/CMO

AcerDelta Electronics

AUO/QistaMaster KongUni-President

YFY GroupWant Want HoldingsAmtran Technology

The Carlyle GroupGoldman Sachs

HSBC (Headland Capital)SIG Group

ACTISJAFCO

CitigroupSTIC

Credit SuisseKKR

Martin CurrieMirae AssetGE Capital

Leon CapitalCrimson

Samsung CapitalLBI

Our Track Records

Share Placement & Fund-raising

NTD 60 million

Aspeed Technology

Hotung Venture

Nov 2010

USD 10 million

Cooltrans Internat’l

UMC Capital

Dec 2012

USD 11.5 million

Aspeed Technology

YFY Paper

SinoPac Venture

Dec 2011

USD 3 million

Goldshine Limited

Vincera Capital

AmTrust Investment

Jan 2012

NTD 100 million

Frontken Corp

Dec 2010

NTD 4 billion

YZJ Shipbuilding

First Red Chip

TDR Offering

Oct 2010

USD 10.5 million

Hotung VentureAmtran

ParalinkDec 2012

HKD 133 million

Tonly Electronics Holdings Limited

HK IPOAug 2013

TCL Corporation

TWD 304 million

Fong Yi Group

Hungtu Constraction Co Ltd.

May 2011

HK IPO/ECM

Yorkey Int’l

Optical Comp.Optical Comp.

HKD 510 milSponsorSponsor

Sole BookrunnerSole BookrunnerFeb 2006

Ju Teng Int’l

NB CasingsNB Casings

Joint BookrunnerJoint BookrunnerNov 2005

Ta Yang

Silicon RubberSilicon Rubber

HKD 700 milVice ManagerVice Manager

May 2007

Kenford

Hair Salon Equi.Hair Salon Equi.

HKD 60 milJoint SponsorJoint Sponsor

June 2005

SIM Tech

Mobile ModuleMobile Module

June 2005

Sandmartin

Digital STBDigital STB

May 2005

Linfair

ConstructionConstruction

June 2005

VMEPHMotorcycleMotorcycle

HKD 850 mil

Co-ManagerCo-Manager

Feb 2007

New MediaMagazineMagazine

HKD 102 milJJoint Sponsoroint Sponsor

Feb 2008

Z-ObeeHandset DesignHandset Design

Joint BookrunnerJoint BookrunnerMar 2010

Infinity ChemShoe AdhesiveShoe Adhesive

Joint BookrunnerJoint BookrunnerAug 2010

TrigiantRF CableRF Cable

Joint BookrunnerJoint BookrunnerMar 2012

SinoPac’s HK IPO deal number and underwriting size have been on top of all Taiwanese securities firms since 2005!

HK DCM

RMB 200 mil

New Focus Auto

3.75% couponDue 2013

Sole Lead ManagerSole Bookrunner

Aug 2011

RMB 300 mil

Solargiga Holdings

Aug 2011

RMB 300 mil

YFY Cayman

Joint Lead ManagerJoint Bookrunner

Feb 2011

USD 40 mil

King Yuan Elec.

0% couponDue 2013

Oct. 2010

ECBECBECBECB CNHCNHCNHCNH CNHCNHCNHCNH CNHCNHCNHCNH

SinoPac has also been a leader and pioneer in ECB and CNH bonds issuance among all Taiwanese securities firms.

Team Profile

Taipei Team

Members Profile

Eric Liu Executive Vice President &Head of FA Division

Mr. Eric Liu joined SinoPac Securities as Head of Financial Advisory Division in June 2009. Before that, he was Senior Vice President in Grand Cathay Securities’ Underwriting Division with 14 years experiences. Mr. Liu was responsible for many successful IPO/SPO deals including TDR for Want Want China (9151 TT), GDR & EB for Qisda (2352 TT, formerly BenQ), IPO for Innotera (3474 TT) and CB for Nanya Plastic (1303 TT) etc… Mr. Liu received his MBA degree from National Cheng-Kung University and his BSCS degree from National Chiao-Tung University in Taiwan. He is also a Certified Securities Investment Analyst in Taiwan.

Derek YangAssistant Vice President

Mr. Derek Yang joined SinoPac Securities in April 2013. Before that, he was Financial Data

Analyst at Moody’s Analytics and Model Risk Business Analyst in Union Bank.

Mr. Yang was responsible for asset based securities credit rating model related data analysis, and

credit risk model construction / analysis / audit work. Mr. Yang received his MBA degree from

UC Riverside and his BS degree from UC Davis.

Martin HuangManager

Mr. Martin Huang joined Financial Advisory Division SinoPac Securities in March 2014. Before

that, he was Securities Management Division Officer at China Life insurance Co. LTD and

Underwriting Advisory Division Junior Manager at SinoPac Securities. He was responsible for

IPO/ SPO deals including IPO for Edison Opto Corporation (3591TT) and Bage Holding

(2930TT), TDR for New Media Group (910708TT), CB for Sinon

Corporation(1712.TT) 、 BES Engineering Corporation(2515.TT)and Formosa Epitaxy

Incorporation(3061.TT), ECB for Wistron Corporation(3231.TT), GDR&ECB for TPK Holdings

Co., Ltd(3673,TT)etc….Mr. Martin Huang received his MOC degree in Accounting and Finance

from Macquarie University in Australia.

We appreciate your business.We appreciate your business.