Far Eastern New Century : Participate Citi's Pan-Asia Regional Investor Conference on 2 June 2021
June 01, 2021 at 03:32 am EDT
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Far Eastern New Century
(TWSE: 1402)
IR publication - June 2021
1
Table of Contents
Company Highlights
Company Overview
Strategic Summary
Production business strategy
Investment portfolio
Property development plan
Dividend policy
CAPEX
Financials
Recent Achievements & CSR
Appendix
2
Company Highlights (I)
FENC is a world leading integrated polyester producer (incl. virgin & recycled PET), the only supplier providing integrated production and total solution services ranging from upstream feedstock to downstream daily necessities
(A constituent of the MSCI ESG Leaders Indexes, FTSE4Good Emerging Index & TWSE CG 100 Index)
PE/PET & PE/PP
Bicomponent
Recycled
Recycled
Recycled
Nonwoven
PET
Nylon 6,6
PET
Staple Fiber
Filament
Ocean Polyester
PET
PSF
Resin
Filament
Sheet
WORLDWIDE
WORLDWIDE
WORLDWIDE
WORLDWIDE
WORLDWIDE
WORLDWIDE
ASIA PACIFIC
ASIA
TOP 1
TOP 1
TOP 1
TOP 2
TOP 3
TOP 3
TOP
1
TOP 1
Company highlights 3
Company Highlights (II)
Consistent dividends payout (refer to page 20)
FENC is a leading polyester recycling company
FENC green business
Green product is ~30% of polyester & textile BU
Green Products Revenues & Percentage
(NT$ Bn) 27%
30%
32%
28%
(refer to page 7-12)
New green trends from governments & brands
Plastic waste import bans in Asia: e.g. China, Japan, South Korea, Malaysia, Thailand, India, Philippines, Vietnam (from 2025), etc.
108
126
93
96
35
26
29
34
2016
2017
2018
2019
Green Product Revenues
Revenues of Poly. & Textile BU
%
Recycled PET (R-PET)capacity expansion target:more than double the capacity in 5 years via organic growth or M&A globally to meet strong demand from the brands' green missions
R-PET Annual Capacity
1,000
729
20 90 247 390 463
2012
2015
2018
2019
2020(E) 2021(E) 2025(E)
Plastic tax in EU
Effective from Jan 2021
Tax rate: €0.8/kg (≈US$950/T)
EU proposed a min. 25% of recycled plastic content in plastic bottles by 2025 & 30% by 2030
Mandatory recycled-content bill in California, US
Effective from Jan 2022
Penalty rate: US$0.2/lb (≈US$440/T)
15% of post-consumer recycled plastic content before 2022
Brands' green missions for transitioning to R-PET:e.g. Nike, Adidas, Coca-Cola,L'Oréal, P&G, Unilever, Hasbro, IKEA, etc.
Company highlights 4
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Disclaimer
Far Eastern New Century Corporation published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 07:31:04 UTC.
Far Eastern New Century Corp is a Taiwan-based company principally engaged in telecommunication businesses and chemical fiber products businesses. The Company operates through six segments. Petrochemical segment is mainly engaged in the manufacture and sales of purified terephthalic acid (PTA). Chemical Fiber segment manufactures and sells polyester chips, polyester cotton, polyester yarn, polyester thin film, polyester film, polyester preform, nylon yarn and other products. Textile segment manufactures and sells various natural, man-made, synthetic fiber gauze, blended gauze and finished cloth, processed yarn, silk, cloth and others. Mobile Services segment provides personal mobile services, fixed communications, new economy, professional telecommunications integration and other services. Real Estate Development segment develops commercial properties, residential buildings, public buildings and bridges, among others. Investment and Other segment is engaged in investment business.
FAR EASTERN NEW CENTURY CORPORATION 
