104 corporation (tse:3130) presentation201… · services online services platform &...
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104 Corporation (TSE:3130)
A Total Solution Provider in the Chinese HR Services Market
June 2017
Safe Harbor Statement
This presentation contains some forward-looking statements that are subject to substantialrisks and uncertainties. Typically, these statements contain words such as “anticipate,"“believe,” “could,” “estimate,” “expect,” “intend,” “plan,” ‘’forecast,” “project,” “predict,”“potential,” “continue,” “may,” “should,” “will” and “would” or similar words. You shouldconsider these forward-looking statements carefully because such statements are only ourexpectations or projections about future events; and actual results may differ materially fromthose expressed or implied by such statements.
You should be cautioned that the forward-looking statements are not the guarantees of ourfuture performance. The forward-looking statements contained in this presentation are madeonly as of the date of this presentation and we undertake no obligation to update theforward-looking statements to reflect subsequent events or circumstances, except as requiredby law.
This presentation and the information contained herein is the property of 104 Corporation.
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Agenda
• Company Profile
• Market Information
• Services and Products
• Financial Review and Dividend Policy
• 104 Value Map
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In 1996, 104 was established
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Company Profile
Market Position
104 Job Bank was established: 1996.
First job bank to IPO in Taiwan: 2006.
First job bank in Taiwan to get ISO 27001 accreditation.
Core Competence Financial Strengths
Strong database: 7.1 million resumes, 75% college graduated/ above, 317K corp. customers.
Online job opportunities (May. 2017): 742K, 1.4% YOY decrease.
Comprehensive range of HR related services.
Competitive candidate matching and job recommendation system.
Zero debt.
Solid NT$ 2.1 billioncash position.(Mar. 2017)
Proven capability to generate cash even in difficult economic periods.
High satisfaction & recognition of 104 brand & services.
Source: Company data 5
Leading Market Role Comparing competitors, 104 is the most frequently searched keyword on Google.
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2004 2006 2008 2010 2012 2014 2016 2017/4
1111 yes123 104 ejob 518
Services and Products
7Source: Company data
HR AcademyHR Solutions
& Consultancy
104 HunterExecutive Search
Services
104 AdsHR Advertisement
Services
104 CaseCase Outsourcing Posting Services
104 LearnTraining ProgramPosting Services
104 TutorTuition Posting
Services
104 Job BankJob Posting
Services
Online Services
Platform & Consultation
Services
Job-Search App
Talent-Search App
Mobile AppsCurrent users=4,377,000
Business Segments
For Job Seekers• Vast, easy, & accessible platform• Career map & value added services
For Corporate Users• Large and diversified resume pool• Variety of integrated HR services
Revenue Performance
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Unaudited Revenue
Source: Company data
(Unit: NT$’000)
Time
Business Group
Monthly RevenueYoY
Accumulated RevenueYoY
May 2017 May 2016 2017 2016
Consolidated 133,489 128,978 3.50% 619,814 593,140 4.50%
Online 108,258 107,025 1.15% 519,343 502,677 3.32%
Platform and Consultation
25,231 21,953 14.93% 100,471 90,463 11.06%
Online Services:
Job Bank Listings / Ads
Value-added Services
Platform and Consultation Services:
Head-Hunting
HR Academy
Online84%
Platform & Consultation
16%
Revenue by Business Sector, 2016FY
OPM: 6.5%
OPM:61.4%
FY 2016 Summary of Performance
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Income Statement FY 2016 % FY 2015 % YoY
Operating Revenue 1,454,753 100% 1,409,398 100% 3.22%
Operating Income 338,955 23% 330,019 23% 2.71%
Income before Income Tax 376,635 25% 351,211 24% 7.24%
Net Income 398,304 27% 330,818 23% 20.40%
EPS (after-tax) 12.04 9.99
Source: Company data
(Unit: NTD’000, except for EPS)
Balance Sheet 2016.12.31 % 2015.12.31 %
Cash & Cash Equivalents 1,988,830 87% 1,846,942 79%
Total Current Assets 2,051,944 89% 2,164,216 91%
Total Assets 2,306,694 100% 2,378,983 100%
Deferred Revenue 369,008 16% 352,750 15%
Total Current Liabilities 730,046 32% 937,990 39%
Total Liabilities 734,520 32% 942,629 39%
Shareholders’ Equity 1,572,174 68% 1,436,354 61%
**As of 31st December, 2016, the company had 33,242 thousand outstanding shares.
Dividend Policy
10Source: Company data
Fiscal Year 2009 2010 2011 2012 2013 2014 2015 2016
EPS 5.08 7.72 6.71 5.67 7.46 9.41 9.99 12.04
DPS 4.57 6.0 6.0 4.55 6.0 7.0 8.0 10.8
Payout Ratio (%) 90% 78% 89% 87% 82% 75% 80% 90%
Average Stock Price 73.3 112.6 99.23 76.06 90.06 122.24 151.94 139.15
Yield Rate (%) 6.23% 5.33% 6.05% 5.98% 6.66% 5.73% 5.27% 7.76%
0%
20%
40%
60%
80%
100%
0
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2009 2010 2011 2012 2013 2014 2015 2016
EPS (LHS)
DPS (LHS)
Payout Ratio (RHS)
(Unit: NTD)
104’s Mission
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Lowest birth rate
Enable children to find their gifts and compete
Higher ageing rate
Elderly care platform to support current workers and families
Job & resume material value
Career, talent, & knowledge management
50% profit margin
65 yrs old
15 yrs old
CCloud
MMobile
OOpen
SSocial
104 Career Management Platform
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Professional Development Through Social Networking
Adoption of Open APIs to Enrich Services and Achieve a Triple-Win
http://plus.104.com.tw/
A social open platform to build personal brand
report and expand networks & connections.
https://www.104.com.tw/
https://learn.104.com.tw/
https://tutor.104.com.tw/
https://clazzrooms.com/
An online learning platform for
you to teach and learn.
https://case.104.com.tw/
(To go live by end of June)
An online professional
mentoring platform for you to
be a giver and/or a taker.
http://www.104.com.tw/jb/service/ad
APP Center
Third Party Application Developers
In-HouseApplication Development
HR Capital Management Solutions
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Define Talent
Discover Talent
DevelopTalent
Deploy Talent
HR Portal
eHRMS
人力資源管理系統
On-Premise & Customized for Large Companies
Cloud-Based & Standardized for SME
Human Capital Mgmt Recruiting & Onboarding
Shift Arrangement
Payroll & Benefits
Competency Testing & Talent Retention
Mobile Office Latest Industry News
Real Time Administration
Intra-Departmental Comm. & Project Mgmt.
APP Center
Third Party Application Developers
In-HouseApplication Development
104 WOW & 104 Kids
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Our Kid Talent Platform: enables children, parents, teachers and experts to explore, analyze, record and demonstrate children’s gifts.
Our Q & A Platform: Children can explore the world of work based on 104’s job data and ask career-related questions to volunteer workers.
WOW
19/56 Job Categories Multiple Intelligences
Health Assessment
104 Senior Care Bank
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Service Providers
Health Care
Home Care
House Keeping
Meal Delivery
Health Processionals
Doctors
Occupational Therapists
Physical Therapist
Care Manager
管家服務
健康管家
照顧管家
家事管家
餐食管家
醫護服務
醫師
職能治療師
物理治療師
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Thank youFor more information, please contact:
Brenda Shih, VP, Chairman’s Office
886-2-2912-6104 ext. 9688 / [email protected]
Kendrah Chen, IR
886-2-2912-6104 ext. 9692 / [email protected]