Transcript Slide 1

November 2010
Safe Harbor Statement
This presentation may contain forward-looking statements concerning Asia
Pacific Wire & Cable Corporation. The actual results may differ materially
depending on a number of risk factors including, but not limited to, the
following: general economic and business conditions, development,
shipment, market acceptance, additional competition from existing and new
competitors, changes in technology or product techniques, and various
other factors beyond its control.
All forward-looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risk factors detailed in the Company's reports
filed with the Securities and Exchange Commission. Asia Pacific Wire &
Cable Corporation undertakes no duty to revise or update any forwardlooking statements to reflect events or circumstances after the date of this
presentation.
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Equity Snapshot
Ticker:
AWRCF.OB
Price (11/12/10):
$7.10
Market cap:
$98.0 million
Revenues (TTM):
$435.0 million
Net income (TTM):
$15.6 million
Diluted shares outstanding:
13.8 million
Diluted EPS (TTM):
$1.13
Net book value per share (9/30/10):
$10.69
Fiscal year ends:
December
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Investment Highlights

Market leader in several regional markets

Strong and growing underlying market demand

Broad geographic coverage offers diversification

Experienced and knowledgeable in-house sales and technical team

Improving financial performance including a return to profitability

Strong balance sheet, cash flow, and attractive valuation
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Company Overview
1
Founded in 1996
2
Headquartered in Taipei, Taiwan
3
Subsidiaries: China, Thailand, Singapore and Australia
4
Core business: manufacturing and distribution of wire and cable
products
5
Additional services: project engineering of Supply,
Delivery and Installation (SDI) services for power cables
6
Total number of employees: approximately 1,710
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Locations and Facilities
As of September 30, 2010 (unaudited)
586
32.0%
13
73
42.0%
889
149
16.1%
73
9.9%
Employee headcount
Power cable
SDI project engineering
Others:
5.6% Distributed products include in Singapore, Australia, Thailand and
SPFO
Distributed products
Telecommunication cable
Enameled wire
% Revenue contribution (1H09)
Epan is included in CCH
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Global Industry Overview



Wire & cable growth industry growth drivers

Energy-related infrastructure spending

Telecom-related infrastructure spending

Construction cycle

Industrial activity
Global Cable Production by Type
Winding
Wire
15%
Low
Voltage
Energy
38%
Fiber Optic
4%
Datacom
11%
Local presence required

High transportation costs

Products need to meet regional
specifications

Handling and logistics
Copper
Power
22%
Telecom
5%
Aluminum
Power
5%
Global Fiber Optic Cable Market Growth Forecast (Million f-km)
~ 80% of manufacturing cost attributable to
raw materials

Pass-through pricing generally utilized for
long-term agreements

About one-half of business priced short cycle
Source: CRU estimates
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China Businesses

Long-term partnership with China Unicom
Top Customers



Telecom carriers
Toolmakers and appliances
makers
Mining companies
Revenue ($ Millions)
$180
$149
$160
$135
$140
CAGR = 14.6%
$120
$91
$80





$61
$60
$40
Enameled wire
Telecom cable
Fiber-optic cable
Optical fiber (JV)
Rubber cable
$114
$103
$100
Products
$158
$47
$46
$36
$20
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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Thailand Businesses
Top-5 cable producer in Thailand

Top Customers




Local electric utilities companies
Engineering companies
Contractors
Telecom carriers
Revenue ($ Millions)
$300
$249
$250
CAGR = 16.1%
$212
$216
$200
$149
$150
$130
$107
$100



$81
$50
Products

$87
$119
$94
Telecom cable
Power cable (Al, Cu, HV)
Enameled wire
Fiber-optic cable
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
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Singapore Businesses
Leading provider of power cable in Singapore

Top Customers



Electrical contractors
Distributors
Public utilities Board
Revenue ($ Millions)
$120
$97
$100
$88
$80
$72
$64
$60
$58
$52
$51
$48
$42
$40
$20
Products



$32
$0
Power cable
SDI project engineering
Distributed products
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Manufactured
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Distributed
SDI
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Australia Businesses

Leading provider of power and construction cables

New opportunities for distribution due to pan – Asia trade agreement
Top Customers


Contractors
Distribution Centers
Revenue ($ Millions)
$70
$63
$58
$60
$56
$50
CAGR = 13.7%
$40
$35
$35
$30
$30
$22
$20
$10
$11
$14
$10
$0
Products


2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Low-voltage power cables
Construction cables
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Product and Service Portfolio
Revenue ($ millions)
Revenue
(Unaudited)
Revenue
(Unaudited)
% of Sales
Gross
Margin
(unaudited)
2007
2008
2009
9M2009
9M2010
9M2010
9M2010
Telecommunication
Cable
$46.4
$47.0
$62.0
$49.1
$38.8
11.9%
26.4%
Power Cable
188.8
179.8
103.0
82.2
101.9
31.4%
18.5%
Enameled Wire
258.5
221.1
135.1
82.7
149.7
46.0%
6.9%
Distributed Products
10.8
32.4
28.1
19.3
18.1
5.6%
6.9%
SDI Project
Engineering
Services
5.3
20.5
34.0
19.1
16.6
5.1%
1.2%
$509.8
$500.8
$362.2
$252.4
$325.2
100%
12.6%
Products
Total
* Weighted blended average
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Quality Assurance

ISO 9001: Quality Management System
Certification

ISO 14001: Environmental Management System
Certification

ISO 17025: Testing and Calibration Laboratories
Certification

UL: Japan Industrial Standard

C.E.: Thailand Industrial Standard

ISO: Australian Quality Accredited
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Competitive Advantages
Competitive Landscape
Competitors include both independent domestic and foreign suppliers
Local competitors have advantages in sales, R&D spending or financial resources
Global competitors include Draka, Furukawa, Nexans, Prysmian, etc.
Competitive Advantages
Reliable product supply and distribution
Superior product quality and performance
Raw-material cost advantage over local producers
Excellent customer service and knowledgeable sales and technical team
First-mover advantage in key local markets
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Growth and Expansion Strategy
China

Top growth opportunity for APWCC in the next few years

Increase capacity to meet market demand and generate economies of scale

Drive marketing penetration into Shandong, Henan, Guangxi Sichuan, and Chongqing city, etc.

Develop new products and expand capacity
Australia

Upgrade production facilities to increase efficiency and capacity

Increase product portfolio through offering imported products
Thailand

Develop new cable products for auto, solar or other types of alternative energy

Upgrade and expand facilities for new government projects

Control production cost
Singapore

Re-introduce Sigma's product to Southeast Asia market

Bring complete solutions to our customers and improve customer responsiveness

Explore new suppliers/partners in China for improved opportunities
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History of Revenue Growth
$600
$511 $501
$468
$400
$362
+29%
$325
CAGR = 13% $337
$241
$294
$300
$192
$252
$197
$211
$200
$100
15
9M10
9M09
2009
2008
2007
2006
2005
2004
2003
2002
2001
$0
2000
USD million
$500
www.apwcc.com
Recovery in Gross Profit
$80
14%
$70
12%
$57.3
USD Million
$60
$45.7
10%
$46.4
$50
$40
$40.8
$36.6
$32.0
8%
6%
$30
4%
$20
$10
2%
$12.8
$0
0%
2005
Gross Profit
2006
2007
2008
2009
Inventory Adjustment
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9M09
9M10
Gross Margin
www.apwcc.com
Rebound in Net Income
$15
$13.0
$10.1
8%
$4.8
$5
12%
10%
$5.8
$10
USD million
$11.1
6%
$0
4%
2%
($5)
($5.0)
0%
($10)
(2%)
($15)
2005
2006
2007
($13.6)
2008
Net Income
17
(4%)
2009
9M09
9M10
Net Margin
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Income Statement
2007
2008
2009
9 month 2009
(Unaudited)
9 month 2010
(Unaudited)
Total Sales
$510,841
$500,798
$362,231
$252,445
$325,220
Cost of Sales
465,165
488,048
315,840
220,475
284,401
Gross Profit
45,676
12,750
46,391
31,970
40,819
Income from
Operations
16,130
(16,294)
18,459
9,728
19,835
Income Before Taxes
13,160
(20,068)
19,572
9,658
21,835
Net Income (Loss)
attributable to APWC
4,833
(13,649)
10,089
5,778
11,082
Basic and Diluted
Income (Loss) per
Share (USD)
$0.35
($0.99)
$0.73
$0.42
$0.80
Year 12/31 (USD '000)
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Balance Sheet
12/31/2008
12/31/2009
9 mon 2010
(Unaudited)
$37,510
$41,534
50,098
Current Assets
246,273
239,048
294,379
TOTAL ASSETS
309,728
296,052
354,124
Bank Loans and Overdrafts(*)
57,962
37,185
58,901
Other Current Liabilities
87,883
74,724
77,751
Total Liabilities
147,091
113,460
138,896
Total Shareholders’ Equity
162,707
182,592
215,228
TOTAL LIABS and SHS’ EQUITY
309,728
296,052
354,124
1.69
2.14
2.15
As of (USD ‘000)
Cash and Cash Equivalents
Current Ratio
* Credit line of $280 million as of 12/31/2009.
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Cash Flow (unaudited)
As of (USD ‘000)
2007
2008
9 mo. 2009
9 mo. 2010
Net Income (Loss)
$4,833
($13,649)
5,778
11,082
Depreciation
9,079
7,646
4,872
5,073
Allowance for Inventory
Reserve
(1,272)
25,145
(22,115)
(1,157)
Changes to Working Capital
(3,601)
46,555
16,694
(7,065)
Cash Flows from Operations
1,906
60,047
5,229
(7,933)
Purchases of PP&E
(2,650)
(3,383)
(2,134)
(2,614)
Cash Flows from Investing
(4,048)
(5,156)
9,022
(6,974)
Cash Flows from Financing
3,951
(44,452)
(21,346)
19,710
Net Increase in Cash and
Equivalents
4,463
8,383
(5,539)
8,564
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Revenue and GP Analysis
(unaudited)
Revenue ($ Mil.)
+59%
$160
$140
$136.4
+31%
$120
$100
$104.2
$79.5
$85.6
(16%)
$62.7
$52.5
$80
$60
$40
+31%
$24.6
$32.2
$20
$0
China
Thailand
9M09
Singapore
Australia
9M10
Gross Profit ($ Mil.)
+68%
$25
$21.4
$20
$15
(6%)
$11.1 $10.5
$12.7
$10
(18%)
$4.1
$5
$3.4
+39%
$4.0
$5.6
$0
China
Thailand
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9M09
Singapore
9M10
Australia
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Strong Management Team

Andy C.C. CHENG – Chairman of the Board
Mr. Andy C.C. CHENG was a member of the company’s Board of Directors from 2004 to 2005 and was re-elected
in 2007. From 1987 to 2003, Mr. Cheng was the Vice President of procurement and later Executive Vice
President and Chairman of the Investment division, all served at PEWC. Mr. Cheng was elected Chairman of the
Board of APWC in October 2009.

Chun Tang YUAN – Chief Executive Officer
Mr. Chun Tang YUAN also serves as Chairman of PEWC since 2004 and has been the Director of Pacific
Construction Corp. Ltd since 2002. He served as the Director of Taiwan Co-generation Corp from 2005 to
2008. Mr. Yuan is also the Chairman of Taiwan Electric Wire and cable Industries Association since
2004. He has served as the Supervisor to Taipei Importers/Exporters Association as well as the Director of
Chinese National Federation of Industries in Taiwan since 1998 and 2004 respectively.

Frank TSENG – Chief Financial Officer
Mr. Frank TSENG has served as CFO since October 2009. Before joining APWCC, he was the deputy CFO for
ABB Taiwan and, prior to that, the APAC regional controller for Phoenix Technologies, a Silicon Valley-based
company that is publicly traded on NASDAQ. Mr. Tseng holds a Masters Degree of Accountancy from Georgia
State University. He is also a CPA by the State of Illinois.

Carson TIEN – Chief Operating Officer
Mr. Carson TIEN serves as Chief Operating Officer since 2005 and has been with Pacific Electric Wire and Cable
Group Companies since 1969. He started as engineer in PEWC's Tao Yuan plant in 1969 and later promoted to
plant manager in 1977 and Assistant VP responsible for Engineering and Manufacturing in 1990. He transferred
to APWC to head the Shenzhen plant in 1996 and was promoted to COO of APWC in 2005.

Daphne HSU – Financial Controller
Ms. Daphne HSU has been Financial Controller of the Company since March of 2005, prior to which she served
as Financial Controller for ten years in Taiwan and China at a Thomson SA joint venture. Daphne graduated
from National of Taipei College of Business with a major in accounting.
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Experienced Board Members

Anson Chan – Chairman of Audit Committee and Compensation Committee
Member
Mr. Anson Chan has been an independent member of the Company’s Board of Directors since 2007 and serves
on the Audit Committee as its Chairman. He qualified as a CPA by the State of Illinois in U.S.A. in 1992. Mr. Chan
is also a Managing Director of the Bonds Group of Companies and was a Senior Advisor to Elliott Associates from
2005 to 2008.

Yichin Lee – Audit Committee Member
Dr. Yichin Lee has been an independent member of the Company’s Board of Directors since 2007 and serves on
the Audit Committee. Dr. Lee is also the Managing Director of Giant Management Consulting LLC and an
independent director of Giga Media Limited. Dr. Yichin Lee holds a doctorate degree in resource planning and
management from Stanford University. Dr. Yichin Lee is not related to Mr. Michael C. Lee or Mr. Gai Poo Lee.
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Investment Highlights

Market leader in several regional markets

Strong and growing underlying market demand

Broad geographic coverage offers diversification

Experienced and knowledgeable in-house sales and technical team

Improving financial performance including a return to profitability

Strong balance sheet, cash flow, and attractive valuation
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Corporate Structure—Appendix
Asia Pacific Wire &
Cable Corp.. Ltd.
(Bermuda)
98.3%
50.9%
Charoong Thai Wire
& Cable Co.
(Thailand)
Sigma Cable
Company (Pte) Ltd.
(Singapore)
100%
PRC(APWC) Holdings
Ltd.
(BVI)
100%
Siam Pacific Electric
Wire & Cable Ltd.
51.0%
100%
25.0%
33.0%
16.0%
100%
Shandong Pacific Fiber
Optic Cable Co. Ltd. (PRC
JV)
Pacific Thai Electric
Wire & Cable Co., Ltd.
Crown Century Holding
Ltd. (HK)
Shandong Pacific Rubber
Cable Co. Ltd. (PRC JV)
Shandong Huayu Pacific
Fiber Optics Comm. Co.
(PRC JV)
100%
13.79%
35.21% 51.0%
Australia Pacific Electric
Cable Pty. Ltd. (Australia)
Holding / Parent Company
Singapore
China
China (under restructuring)
Thailand
Australia
100%
Sigma-Epan International
Pte. Ltd. (Singapore)
100%
Pacific Electric Wire &
Cable (SZ) Co., Ltd. (PRC)
100%
Ningbo Pacific Cable Co.
Ltd. (PRC)
Shanghai Yayang Co.,
Ltd. (PRC)
100%
Epan Industries Pte. Ltd.
(Singapore)
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Contact Information
Asia Pacific Wire & Cable Corporation
Frank Tseng, Chief Financial Officer
Phone: +886 (2) 2712 2558 ext. 66
Email: [email protected]
www.apwcc.com
Legal Counsel
CCG Investor Relations
Thompson Hine LLP
John Harmon, CFA, Sr. Acct. Manager
Auditor
Phone: +86-10-6561-6886 Ext. 807
Ernst & Young (Hong Kong)
E-mail: [email protected]
Mr. Bryan Blake, MI Executive
Phone: +1-646-833-3416
E-mail: [email protected]
www.ccgirasia.com
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