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Uni-PresidentEnterprises Corporation
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Outline
Overview of Uni-President Group
Uni-President Enterprises Corp.
Uni-President Affiliates
Overview of Uni-President Group
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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
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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.
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Overview of Uni-President Enterprises Corp.
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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$3.0bn *
TWSE Food Weight58%
8% 7%
UPEC Wei Chuan Food Great Wall
* Market capitalization and weight based on closing price as of May 10, 2007
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Core Food Operation
Category Range of Business Sales %2006 2007Q1
Tea,Dairy Products,Coffee, juice and water
Beverages & Dairy Products
34%40%
40%35%Provisions Feeds, edible oil and flour
Instant Foods Instant noodles 10%10%
Frozen foods, meat products,ice cream and seasoning
Other Foods 9%8%
Health food products and bakery 7%7%Health Foods
* Unconsolidated
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Taiwan Operation Result*
SalesGross MarginOP MarginNet Income EPS (NTD)
Unit: US$ 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
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Uni-President Affiliates
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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$mn
51.5%
SourceTaiwan Ministry of Economic
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Number of Convenience Stores2007/4/30 with total 4,539 Stores
Main Chain Stores in Taiwan
0
3,000
6,000
9,000
Niko Mart Chain 356 360 300
OK Chain 804 873 840
Hi-Life Chain 1,060 1,160 1,261
Family Mart Chain 1,698 1,851 2,012
7-ELEVEN Chain 3,680 4,037 4,385
2004 2005 2006
Market Share48.2%
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Presicarre Corp. Leading Hypermart in Taiwan 2007 April with 47 Stores
-
1,000
2,000
3,000
4,000
5,000
Total 4,388 4,286 4,291 4,359
Presicarre 1,347 1,430 1,589 1,792
2003 2004 2005 2006
41%
US$mn
SourceTaiwan Ministry of Economic
Taiwan Retail Outlet
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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$mn
0
50
100
150
200
250
2002 2003 2004 2005 2006
SalesStores
210
127
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President CoffeeOperates in Taiwan and China: Shanghai, Jiangsu, Chejiang areas
Number of StoresTaiwan / China
USD$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$32.596
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7-ELEVEN
US$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%
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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.