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Uni-President Enterprises Corporation Chupa Chups Lollipops • 2006 net revenue of US$84mn • 29%...

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1 Uni-President Enterprises Corporation
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  • 1

    Uni-PresidentEnterprises Corporation

  • 2

    Outline

    Overview of Uni-President Group

    Uni-President Enterprises Corp.

    Uni-President Affiliates

  • Overview of Uni-President Group

    3

  • 4

    Group Overview Founded in 1967, Uni-President is one of Taiwans largest

    conglomerates including industries in food manufacturing, distribution, trading, and small focus on finance, electronics, with consolidated revenue US$7.9bn in 2006.

    Geographic presence in Taiwan, China, Vietnam, Thailand, Indonesia and The Philippines.

    The Groups industries are divided into five subgroups:Industry Company

    Food Manufacturing

    Retail and Distribution

    Investments

    Trading

    Financials

    Uni-President Enterprises Corp.

    President Chain Store Corp.

    President Intl Development Corp.

    Nan Lien International Corp.

    Various Entities

  • 5

    Major Entities and Selected Brands

    Uni-President Enterprises Corp.

    PCSC (45%) Presicarre Corp.(40%)

    PIDC (70%)Nan Lien International Corp. (100%)

    Various Entities

    PCSC operates Taiwans largest distribution channels with over 4,500 7-Eleven chain stores

    Presicarre Corp. is Taiwans largest hypermart chain stores with 47 stores, 2006 net revenue US$1.8bn

    TradingRetail Investments Financials

    Food

    Importer, distributor and agent of consumer products including Anheuser-Busch beer, Maxwell House Coffee and Chupa ChupsLollipops

    2006 net revenue of US$84mn

    29% ownership of President Securities

    14% ownership of Grand Bills

    Investment arm of the Group with investments in LTPS TFT LCD, shopping mall and biotechnology

    2006 total investment over US$637mn in 30 entities

    Kuang Chuan (31%)- Dairy products & beverages TTET Union (38%)- Taiwans largest soybean crushing Co.

    Wei Li (32%)- Taiwans 2nd Largest instant noodles Co.

  • 6

    Overview of Uni-President Enterprises Corp.

  • 7

    Uni-President Enterprises Corp. UPEC is Taiwans largest and one of Chinas leading

    food manufacturer, with unconsolidated sales of US$1.3bn for 2006 and total assets of over US$2.5bn

    Market capitalization of US$3.0bn *

    TWSE Food Weight58%

    8% 7%

    UPEC Wei Chuan Food Great Wall

    * Market capitalization and weight based on closing price as of May 10, 2007

  • 8

    Core Food Operation

    Category Range of Business Sales %2006 2007Q1

    Tea,Dairy Products,Coffee, juice and water

    Beverages & Dairy Products

    34%40%

    40%35%Provisions Feeds, edible oil and flour

    Instant Foods Instant noodles 10%10%

    Frozen foods, meat products,ice cream and seasoning

    Other Foods 9%8%

    Health food products and bakery 7%7%Health Foods

    * Unconsolidated

  • 9

    Taiwan Operation Result*

    SalesGross MarginOP MarginNet Income EPS (NTD)

    Unit: US$ mn

    10%

    - 0.26%

    - 0.86%

    169%

    2006 2007Q1

    1,314 32623.3% 22.3%3.7% 2.3%111 821.08 0.79

    2005 2006Q1

    29622.5%3.2%30

    0.30

    1,23522.7%3.2%

    640.62

    6%

    + 0.63%

    + 0.52%

    73%

    2007Q1 Accuray IPO, profit realized US$61.4mn

    * Unconsolidated* Exchange rate on Dec 29, 2006: US$ I = NT$ 32.596

  • 10

    Uni-President Affiliates

  • 11

    President Chain Store Corp. Leading Retailers in Taiwan

    Operates 7-ELEVEN chain stores, the leading convenience store in Taiwan

    Taiwan CVS Sales

    -

    2,000

    4,000

    6,000

    8,000

    Total 4,718 5,024 5,470 5,955 PCSC 2,382 2,483 2,874 3,067

    2003 2004 2005 2006

    US$mn

    51.5%

    SourceTaiwan Ministry of Economic

  • 12

    Number of Convenience Stores2007/4/30 with total 4,539 Stores

    Main Chain Stores in Taiwan

    0

    3,000

    6,000

    9,000

    Niko Mart Chain 356 360 300

    OK Chain 804 873 840

    Hi-Life Chain 1,060 1,160 1,261

    Family Mart Chain 1,698 1,851 2,012

    7-ELEVEN Chain 3,680 4,037 4,385

    2004 2005 2006

    Market Share48.2%

  • 13

    Presicarre Corp. Leading Hypermart in Taiwan 2007 April with 47 Stores

    -

    1,000

    2,000

    3,000

    4,000

    5,000

    Total 4,388 4,286 4,291 4,359

    Presicarre 1,347 1,430 1,589 1,792

    2003 2004 2005 2006

    41%

    US$mn

    SourceTaiwan Ministry of Economic

    Taiwan Retail Outlet

  • 14

    President Drug Store Established in 1995, PCSC 100% investment Retailer of well-known cosmetics, medicine

    and sundries End of 2006 with 7 stores in China

    USD$mn

    0

    50

    100

    150

    200

    250

    2002 2003 2004 2005 2006

    SalesStores

    210

    127

  • 15

    President CoffeeOperates in Taiwan and China: Shanghai, Jiangsu, Chejiang areas

    Number of StoresTaiwan / China

    USD$mn

    SalesTaiwan / China

    0

    50

    100

    150

    200

    2002 2003 2004 2005 20060

    20

    40

    60

    80

    100

    2002 2003 2004 2005 2006

    18987

    43100

  • Nanlien International Corp. Importing & Distributing

    Founded in 1979, Nanlien has built the distribution network around Taiwan and many sales offices in China.

    Well-known marketing and sales capabilities create opportunities to cooperate with international companies

    Category Company Brand

    Beer Anheuser-Busch

    BudweiserMichelob Classic DarkBusch

    Coffee Kraft Foods Maxwell HouseCandy Chupa Chups Chupa Chups Lollipop

    16

  • 17

  • 18

  • 19

  • 20

    19672006US$7.9bn

    5:

  • 21

    (45%) (40%)

    (70%)(100%)

    4,500 7-Eleven

    47 2006 US$1.8bn

    Anheuser-Busch Maxwell House and ChupaChups

    2006US$84mn

    29%

    14%

    LTPS TFT LCD

    200630US$637mn

    (38%)- (31%)- (31%)-

  • 22

  • 23

    2006 US$1.3bn US$2.5bn

    US$3.2bn *

    * 2007.5.10

    58%8% 7%

  • 24

    %

    2006 2007Q1

    34%40%

    40%35%

    10%10%

    9%8%

    7%7%

    *

  • 25

    *

    (NTD)

    Unit: US$ mn 2006 2007Q12005 2006Q1

    10%

    - 0.26%

    - 0.86%

    169%

    1,314 32623.3% 22.3%3.7% 2.3%111 821.08 0.79

    29622.5%3.2%30

    0.30

    1,23522.7%3.2%

    640.62

    6%

    + 0.63%

    + 0.52%

    73%

    2007Q1Accuray US$61.4mn

    **2006.12.29NT$32.596

  • 26

  • 27

    7-ELEVEN

    US$mn

    51.5%

    -

    2,000

    4,000

    6,000

    8,000

    4,718 5,024 5,470 5,955 2,382 2,483 2,874 3,067

    2003 2004 2005 2006

  • 28

    20074 4,539

    0

    3,000

    6,000

    9,000

    Niko Mart Chain 356 360 300

    OK Chain 804 873 840

    Hi-Life Chain 1,060 1,160 1,261

    Family Mart Chain 1,698 1,851 2,012

    7-ELEVEN Chain 3,680 4,037 4,385

    2004 2005 2006

    48.2%

  • 29

    2007 4 47

    US$mn

    -1,0002,000

    3,0004,0005,000

    4,388 4,286 4,291 4,359 1,347 1,430 1,589 1,792

    2003 2004 2005 2006

    41%

  • 30

    USD$mn

    1995,100%

    200612 7

    210

    127

    0

    50

    100

    150

    200

    250

    2002 2003 2004 2005 2006

  • USD$mn

    /

    /

    18987

    43

    Starbucks

    100

    0

    50

    100

    150

    200

    2001 2002 2003 2004 2005 20060

    20

    40

    60

    80

    100

    2002 2003 2004 2005 2006

    31

  • 32

    1979

    Anheuser-Busch

    BudweiserMichelob Classic DarkBusch

    Kraft Foods Maxwell House Chupa Chups Chupa Chups Lollipop

    Presicarre Corp.


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