Jing-Jan Retail Business Co., Ltd. Investor Conference
Transcript of Jing-Jan Retail Business Co., Ltd. Investor Conference
Jing-Jan Retail Business Co., Ltd. Investor Conference
2018.March.27
Fashion, Environmental Friendly, Technology X
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Stock Symbol: 2942
Investor Conference Outline
Jing-Jan Retail Profile
Jing-Jan Retail Operating Performance for the Last Five Years
Profitability Comparison of Retail Competitors for the Last Three Years
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The Short - Term Plan of Jing-Jan Retail
Jing-Jan Retail Profile
Fashion, Environmental Friendly, Technology
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Jing-Jan Retail Profile
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Date of Establishment:2007.Sep
Contributed Capital : NT$600 million
Major Shareholder :Radium Group
Jing-Jan Investment holdings has about
75% (As of 2018.03.09)
Number of Employees : 200 Department Store Brand:Qsquare The Total Business Area is About
747,390 sq.ft 480 Brand Counters (As of 2017)
·Top ten shareholdersAs at 9 september 2018
1 Jing-Jan Investment Holdings 75.00%
2 Lin, Rong-Shian 2.61%
3 Hotung International Co., 2.50%
4 CTBC Venture 2.00%
5 CDIB & Partners Investment
Holding Corp.2.00%
6 Mega Bank Co., Ltd. 2.00%
7 KGI Securities Co., Ltd. 2.00%
8 KGI Bank Co., Ltd. Trust Account 1.74%
9 Yuanta Venture Capital 1.67%
10 Yan-Xiang Investment 1.14%
name shareholding ratio
Jing-Jan Retail Profile
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Qsquare The First Stop after Working
"Cuisine,Fasion,Fun,Entertainment " brand new shopping mall,
Qsquare is a new base for dating parties, about the emerging consumer trends, and new aesthetics of urban life style.
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Qsquare was opened on December 11th, 2009 with a scale of
over 711,800 sq ft. The underground floors connect domestic mass
transit vehicles such as MRT, high-speed rail and Taiwan rail, and
connects the airport MRT to and from Taoyuan International
Airport. As well as access to Taipei Underground Street and
Zhongshan Underground Street, combined with the VIESHOW
CINEMAS, the five-star Hotel Palais de Chine , and the BEING sport
Fitness Center, it is the first station-type compound mall in Taiwan.
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Location - Five Railway Gatherings
Qsquare have convenient transportation - Taiwan Rail, High Speed Rail, Metro, Airport MRT, National Bus Transport
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The main target customers of Q square is 18-35-year-old young
people, office employee, and tourists. It has four consumption
themes about” Cuisine,Fasion,Fun,Entertainment” to attract the
young consumer groups . It is the first mall in Taiwan that combines
cuisine and fashion as the main axis, creating a venue for urban
leisure and feasting. It has become a gathering place for after-work
gatherings and appointments, creating new landmarks at the Taipei
Meet point. !
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Specific Customer
Luxurious Customer
Ordinary Customer
All Round Customer
Regent
Shih Kong
Mitsukoshi A9
Dunhua SOGO
Eslite Ximen
Eslite
Xinyi
Market Positioning
Breeze Center 101
Living Mall
SOGO
Shih Kong
Mitsukoshi
Nanxi & A8
Takashimaya
Mega City
Shih Kong
Mitsukoshi
Taipei Station
Far Eastern
Uni-Ustyle
Miramar
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Target Consumers
First
Target Market
• Taipei Young Consumers Located at the junction of MRT Taipei Station and Taipei’s largest bus transfer center, it targets the young consumer tier of the Taipei
business district.
Second
Target Market
• National Traffic Passengers Located at the intersection of the railway and high-speed rail, with the short commuting time of the Taiwan Railway MRT and the high-speed rail, the sales market has expanded to various regions in the country.
Third
Target Market
• Tourists and Business Travelers in China and other countries Located in Taipei City Center, the largest commercial service center is located at the intersection of the Taiwan High Speed Rail Station and the long-distance passenger Taipei Terminal. It gathers sightseeing and business people, and is close to the airport express stop to attract high-confidence international commuter consumption.
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Qsqusre always has great ideas, surprises and leads the industry. Ever since
its inception, Qsqusre has continued to develop products that have a strong
sense of popularity and continue to be innovative and international, adding
to the beauty of Taiwan's fashion industry.
Qsquare is a business district co-prosperity concept that promotes regional
development from the point of view of operating malls and creates a new
indicator of leisure and entertainment in the West District. It also forms a
new life area around Taipei Station. !
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Shopping Areas
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Profitability Comparison of Retail Competitors
for the Last Three Years
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3 years Actual Operating Income
Comparison
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Jing-JanFAR
EASTERNEslite Taipei 101 Metrowalk Global Mall
2015 4.5% 1.5% 2.4% 2.6% 11.1% 6.5%
2016 0.3% 1.7% -7.1% 0.8% -9.3% 6.8%
2017 1.4% -5.3% 0.4% -2.7% 1.4% -15.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
2015~2017 Operating income average growth rate
source:Market Observation Post System
Department Store Company EPS Comparison
2015~2016 EPS comparison
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Jing-JanFAR
EASTERNEslitte Taipei 101 Metrowalk
GlobalMall
2015 2.92 1.2 8.69 1.39 0.82 1.16
2016 3.8 0.81 8.88 1.45 0.58 1.49
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source:Market Observation Post System
Jing-Jan Retail Operating Performance for the Last Five Years
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Fashion ,Environmental Friendly, Technology
5 years Actual Operating Income
2013~2017Actual results (Net method; Unit: thousand yuan)
1,165,165 1,284,000
1,342,439 1,347,828 1,367,312
82,480 170,504 175,273 228,118 270,475 1.37
2.84 2.92
3.80
4.51
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2013 2014 2015 2016 2017
Operating revenue Net Income EPS18
Note ;EPS unit: yuan
project 2013 2014 2015 2016 2017
Operating Revenue 1,165,165 1,284,000 1,342,439 1,347,828 1,367,312
Net Income 82,480 170,504 175,273 228,118 270,475
EPS 1.37 2.84 2.92 3.80 4.51
5 years Actual Operating Income
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56.4Billion 61.0Billion
63.3Billion 62.9Billion 61.0Billion
18.8%
19.1% 19.1% 19.2%
19.8%
18.5%
18.7%
18.9%
19.1%
19.3%
19.5%
19.7%
19.9%
20.1%
20.3%
20.5%
20.7%
20.9%
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Operating revernue Gross margin
2013 2014 2015 2016 2017
Unit : thousand yuan
2013~2017 Actual results(Total method)
Dividend Payment
Dividend Payment
2014 2015 2016 2017
EPS 2.84 2.92 3.80 4.51
Cash dividend 2.49 2.62 3.42 2.50
Coupon ratio 99% 99% 99% 62%
Unit :NT Dollars
Note1: The calculation of the dividend distribution ratio is based on the company's
current net profit after tax deducting the statutory surplus reserve and related
adjustments.
Note2:The subsequent dividend distribution ratio of the Company, based on the
extension point and related operational considerations, proposes to allocate not
less than 60% of the distributable surplus as shareholder dividends.
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Qsquare Member
107,152
231,319 292,857
364,009
460,866
547,591 615,213
662,554 710,850 718,040
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Number of Qcard members As of February 28,2018
Visitors Flow FB Fan Page 2017 Daily Average
annual 83,479
Weekdays 70,875
weekend 111,243
128,863 people (As of March 16,2018)
The Short-Term Plan of Jing-Jan Retail
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Fashion ,Environmental Friendly, Technology
MRT Zhongshan Station - Heart Center
The Short - Term Plan of Jing-Jan Retail
Xinzhuang Line MRT JD
Guiyang, China
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The Short - Term Plan of Jing-Jan Retail
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MRT Zhongshan Station - Heart Center
The Short - Term Plan of Jing-Jan Retail
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In the autumn of 2017, Qsquare successfully obtained the right to operate the shops and the Jazz Plaza on the B1 floor of the MRT Headquarters of the MRT station in Zhongshan. The district is mainly based on catering, and the business positioning of “Entertainment, Fun” is used to plan the brand's presence and related events. In line with the overall image of the Zhongshan Belt Park, it creates an imagery atmosphere that Europe Square. The opening of the first store is scheduled to start in April with the launch of the “Jazz Plaza”, a complex arts and cultural event space in the heart of Zhongshan. The whole area is expected to be fully opened before the third quarter of 2018.
The Short - Term Plan of Jing-Jan Retail
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Xinzhuang Line MRT JD
Xinzhuang Line MRT JD
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Connected with the Xinzhuang Line MRT JD, combined with commercial office, residential, MRT, sightseeing and other full-featured City shopping malls. From the first floor to the fourth floor has many well-known Household brands stationed, At the 5F Qsquare will create a complex shopping mall based on resturant business. It is currently expected to open in 2019.
The Short - Term Plan of Jing-Jan Retail
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Guiyang, China
Guiyang, China
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To discuss cooperation with Guiyang local companies to evaluate comprehensive shopping mall center. Analyze and evaluate the local consumer population, habits, and consumer markets. Using the years of department store business experience of Qsqure, it will propose proposals for the scaleof the shopping mall, and assist in the planning and evaluation of shopping malls that best businee way to the local consumer market.
THANK YOU
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