南六企業股份有限公司 Nan Liu Enterprise Co., LTD.

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Reminding

Keep wiping hands to avoid invade of germs

Nan Liu - the best hygiene guardian

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3 Better for disposable products

Fibers were firmly connected, not suitable for disposable goods.

SPUNLACE TEXITILES

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Annual capacity of non-woven fabrics are 344 million MT for China. Spun lace engaged around 8% (27.52 million MT) Capacity of Nan Liu are 4.32 million MT. Engaged around 15.7%.The largest spun lace production plant in Asia.

資料來源：CNITA中國織品協會 2012年中國無紡布整體發展

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醫療手術衣布、無塵擦拭布、濕巾布、面膜用布、卸妝棉用布…等

Spunlace NW Wet Wipes

OPERATIONAL GOWNS

FACIAL MASKS & SKIN CARE PRODUCTS

Air Through NW & Thermal Bond NW

水針不織

布

37%

熱風熱壓

不織布

17%

柔濕巾及面

膜等

43%

手術衣用

布

3%

101年度主要產品銷售比重OUTPUT OF NON-WOVEN FABRICS FOR OPERATIONAL GOWN (Q’TTY: MT)

資料來源：南六企業財務部彙整

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COMBINED SALES WITH CHINA FACTORY

Period of China factory joint.

資料來源：本公司歷年財報 資料來源：本公司歷年財報

UNIT: TWD IN THOUSANDS UNIT:TWD IN THOUSANDS

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資料來源：本公司歷年財報

單位：億台幣

單月合併營收

1月 2月 3月 4月 5月

101年 2.167 3.157 3.011 3.167 3.061

102年 3.54 2.62 3.54 3.805 3.99

YOY 63.36% -17.01% 17.57% 20.15% 30.35%

單位：億台幣

累積單月合併營收

1月 2月 3月 4月 5月

101年 2.167 5.324 8.335 11.502 14.563

102年 3.54 6.16 9.7 13.505 17.495

YOY 63.36% 15.70% 16.38% 17.41% 20.13%

農曆過年

農曆過年

農曆過年

9 資料來源：本公司歷年財報

6.46%5.15%

7.50%8.35%

2.79%

6.43%5.25%

2.04%

0.18%

3.93%5.30%

91 92 93 94 95 96 97 98 99 100 101

稅後淨利率

Period of China factory joint

102年Q1 6.48%

10 資料來源：90~101年財報、102年現金增資公開說明書並經會計師查核簽證

Period of China factory joint

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Period of China factory Joint

年度 89 90 91 92 93 94 95 96 97 98 99 100 101

當年度稅後淨利 43,828 33,137 69,283 60,709 98,221 118,793 43,738 109,180 100,477 47,445 5,282 139,461 196,996

A.營業活動淨現金OCF 104,159 46,201 81,214 110,097 157,519 186,770 209,840 219,557 45,771 52,432 182,384 279,499 430,754

B.投資活動淨現金ICF (182,695) (33,609) (54,788) (44,177) (277,753) (139,031) (120,588) (419,030) (563,392) (134,708) (173,879) (207,441) (687,326)

C.融資活動淨現金FCF 72,942 4,938 (26,363) (67,930) 171,400 77,588 (5,553) 161,432 334,916 106,116 81,582 (20,294) 209,425

營業活動淨現金/稅後淨利 237.65% 139.42% 117.22% 181.35% 160.37% 157.22% 479.77% 201.10% 45.55% 110.51% 3452.93% 200.41% 218.66%

資料來源：90~101年財報、102年現金增資公開說明書並經會計師查核簽證

Analysis of Cash Flow

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中國,

25.14%

日本,

17.79%

亞洲,

16.43%

其他,

1.95% 100年度

中國,

34.19% 日本,

14.25%

亞洲,

15.44%

其他,

2.00% 101年度

PROPORTION OF PRODUCT SALES

13 13

31.7 31.934.2

36 37 38.2

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37.6 38.640.1

29.6 29.731.7 32.9 34 33.8

28.731.7 31.2 32.2

0

5

10

15

20

25

30

35

40

45

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

國內需求量 生產量

資料來源：ANFA、全球紡織資訊網李信宏先生、南六財務部整理

單位：萬噸

Supply > Demand

日本政府持續貨幣寬鬆刺激經濟

Demand increasing

14 資料來源：亞洲不織布協會(ANFA) 2011年統計報告

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Infant age0~3 years old population in China

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2624萬

3100萬

上海廣州試點 可以生第二胎

可能放寬到全國

學者與輿論 建議放棄 一胎化政策

資料來源：美国弗若斯特沙利文咨询公司

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Parents were wealthy and well educated. They could have more investments on hygiene, education for their infants and royal to famous brands.

年複合成長率

資料來源：美国弗若斯特沙利文咨询公司

Averaged Spending for Infants in China

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2010 2011 2012 營收 197.46億美元 208.46億美元 210.63億美元 毛利率 33.17% 29.51% 32.04% 淨利 19.43億美元 16.84億美元 18.28億美元 區域銷售比重

北美：54.28% 歐洲：16.09% 亞&拉美：33.22%

北美：51.54% 歐洲：16.31% 亞&拉美：35.81%

北美：51.16% 歐洲：15.41% 亞&拉美：37.27%

2010 2011 2012 營收(億日圓) 3568 3769 4283 毛利率 45.90% 46.04% 45.39% 淨利 244 335 269 區域銷售比重 日本：61.84%

中國：9.62% 其他：28.53%

日本：58.11% 中國：11.86% 其他：30.01%

日本：53.47% 中國：13.15% 其他：33.37%

K公司

U公司 日本第一大婦嬰護理品牌，旗下最知名產品為嬰幼兒品牌『滿意寶寶』

全球個人護理產品龍頭，旗下品牌包含家庭護理品牌『舒潔』、嬰幼兒品牌『好奇』等

資料來源：K公司2012年財務報表

資料來源：U公司2012年財務報表

Continuous progressing for China market：

Deregulation of one-child policy、Rural urbanization

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金佰利-舒潔

康貝

強生 (嬌生)

媽咪寶貝

永豐餘 (五月花)

麗嬰房

幫寶適 好孩子

噯呵 貝親

Famous Brand of China

資料來源：南六企業財務部彙整

一次性醫布 9.3億美金

醫療用敷料布 8.8億美金

尿布/衛生棉 10.1億美金

木漿水針複合布約佔17%

其中杜邦約佔75~78%其他2~5% 南六市占率約20%

SMMS紡粘熔噴複合布約佔80%

價格較便宜、用量大 相同客戶要求南六提供布料

資料來源：CNITA中國織品協會-2012年中國無紡布整體發展

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After-

processing

Longer lead time

and expensive

Production

Nan Liu one-stop production：

From production till after processing are all done

at our plants.

Shorter lead time and competitive price offered.

Production

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New production equipment After adjustments by Nan Liu

Several senior technicians with more than 20 years experiences in non-woven industries Quality assurance with the fastest production speed

陸資越來越有錢，如果買相同

機器設備，南六的競爭力？

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Variety products supplying

The largest OEM wet wipes converter

After Du pont only globally

The largest supplier for facial masks

機器設備，南六的競爭力？

陸資越來越有錢，如果買相同

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Top quality production environments：

Class 100~10000 Clean Room

Completed supply chain：

Production from raw materials to finished products

Spun lace：

Elastic Medical fabrics for surgical gowns and

drapes ...

Joint Development：

Set up clean room、Facial mask、Makeup

removal、Essence and etc. Joint development of

new products with American/Japanese

corporations, Universities, Research Institutions.

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Automatic facial mask manufacture machine

The latest released model of automatic facial mask machine (Made in Japan)

Monthly Capacity: 2 million pcs

Positive pressure ventilation clean room

A series completed quality control from our produced spun lace non-woven fabrics till completed products.

The same facilities were installed at both our Taiwan and Ping Hu factory (China). Upon customers’ preferences of production location.

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Company scale & Publicity

資料來源：http://www.nonwovens-industry.com/issues/2012-09/view_features/international-top-companies-report-2012-264453/

Rank 38 of global non-woven related

industries magazine (top 10 in Asia) in 2011

Expected to be top 30 in 2012

Expected to be top 20 in 2013

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Certification

ISO13485 ISO9001 ISO14001 F S C

GMPC ISO22716 OHSAS18000

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Progressing

3D cleaning wipes

Pulp/PET non-woven fabrics for Medical

applications

Flexible medical non-woven fabrics

Transparent Facial masks

Developed

Future

development

PLA non-woven fabrics

Breathable Pe Film

Anti-virus non-woven fabrics

Non-woven fabrics for baby diapers.

3D Air through fabrics for top sheets

Loofah water

Wet wipes for Men RS fullerene series products

RESEARCH RESULTS

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US and Japan famous infants brands have entered China market successfully.

Price of raw materials have been past its peak. More rooms for profits generations.

Medical demands increased in Asian markets

Cottons

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DEVELOPMENT STRATEGY Develop variety of high quality and high added value products

High market share , dominant the market

Having the strategy of rooted in Taiwan, gain a strong foothold in China, and

distribute around the global

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INSTALATION OF NEW SPUN LACE LINE

MASS PRODUCTION BEFORE END OF AUGUST, 2013

(6.2 M WIDTH/1,500MT/MONTH)

INSTALATION OF NEW WET WIPES MACHINES a)ONE LINE FOR 80 PCS (AUGUST, 2013) b)ONE LINE FOR 30 PCS (JUNE, 2013) c)ONE LINE FOR 80 PCS (OCT., 2013)

SMMS(SPUNBOND)PRODUCTION LINE

MASS PRODUCTION 2016

AUTOMATIC EQUIPMENTS：

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ESTABLISHED: YEAR 1978

CHAIRMAN: MR. C. S. HUANG

GENERAL MANAGER：MR. H. C. HUANG

CAPITAL: USD23,000,000

EMPLOYEES: 573 (UNTIL Apr. 2013)

PLANTS：(CHYAU TOUR, YAN CHAO)

KAOHSIUNG, TAIWAN

(PING HU) ZHEJIANG, CHINA

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NAN LIU

3.AIRPORT

SEAPORT 30 MINS

CONVENIENT TRANSPORTATION

2.15 MINS TO ZUOYING STATION/HSR

CHYAU TOUR PLANT

1. 5 MINS TO QIAOU STATION/KRT

YAN CHAO PLANT

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ZHEJIANG PINGHU PLANT

1.CENTER OF SHANGHAI AND HANGZHOU

2.1.5HRS BY CAR TO PUDONG AIRPORT

3.15MINS TO JIASHAN SOUTH STATION/HSR

產品項目：

水刺無紡布、醫療用布、無塵擦拭布、濕巾、面膜、 卸妝棉、保養品、家庭清潔用品、PP無紡布…等

投產時間：2008年2月

所在地：浙江省平湖開發區

投資金額: USD 45,000,000

登録金額: USD 12,080,000

佔地面積：82,000m2

上海浦東

杭州 寧波

蘇州

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ZHEJIANG PINGHU PLANT WET WIPES：1,500萬包/月

FACIAL MASKS：500萬片/月

SKIN CARE：Skin care lotions.

Air Through（two layers）＋ Thermal Bond（PP）

APPLICATION：DIAPER 、TOPSHEET OF NAPKIN 600MT/MONTH

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SPUNLACE LINE：2

WIDTH：4.8m & 6.2m(8月投產)

CAPACITY：2,300MT/MONTH

4 LINES (INCLUDING TAIWAN)，

ANNUAL CAPACITY OVER 43,000MT

THE LARGEST DISPOSAL HYGIENE NON-WOVEN FABRICS SUPPLIER IN ASIA

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穩定成長：營業現金流/當年獲利(完全來自本業) 年度 89 90 91 92 93 94 95 96 97 98 99 100 101

當年度稅後淨利 43,828 33,137 69,283 60,709 98,221 118,793 43,738 109,180 100,477 47,445 5,282 139,461 196,996

A.營業活動淨現金OCF 104,159 46,201 81,214 110,097 157,519 186,770 209,840 219,557 45,771 52,432 182,384 279,499 430,754

B.投資活動淨現金ICF (182,695) (33,609) (54,788) (44,177) (277,753) (139,031) (120,588) (419,030) (563,392) (134,708) (173,879) (207,441) (687,326)

C.融資活動淨現金FCF 72,942 4,938 (26,363) (67,930) 171,400 77,588 (5,553) 161,432 334,916 106,116 81,582 (20,294) 209,425

營業活動淨現金/稅後淨利 237.65% 139.42% 117.22% 181.35% 160.37% 157.22% 479.77% 201.10% 45.55% 110.51% 3452.93% 200.41% 218.66%

穩健成長：實收資本自有率高 (股本多來自歷年盈餘轉增資)

籌碼穩定：成長過程本業獲利穩定 無需創投法人資金投入 掛牌上市時無創投股東

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Established with household (kitchen mops) and Industrial scrub materials

supply Start with top layer & distribution layer of diapers and napkins

manufactureInstalled Thermal-bonded (3 lines) and Air-Through (1 line)

Installed Spunlace lines (# 1 and # 2) for hygiene products

Installed 80 & 30 pcs wet wipes converted machines

Initiated facial masks and skin care business

Pinghu factory (China) established

First commercial products released from Pinghu factory

Produce Wood pulp/PET spunlace non-woven for medical applications

1978~1987年

創業期

1988~1998年

發展期

1999~2007年

成長期

2008~2018年

飛躍期

2018年以後

卓越期

Growing up to a global company affiliating with many firms operating in

countries around the world.

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Thanks for your attention.

Have a great day.

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