1 / 26

JINPAN INTERNATIONAL LTD.

JINPAN INTERNATIONAL LTD. (NASDAQ “JST”) March 2013. Forward-Looking Statements

radha
Download Presentation

JINPAN INTERNATIONAL LTD.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. JINPAN INTERNATIONAL LTD. (NASDAQ “JST”) March 2013

  2. Forward-Looking Statements • This presentation and oral statements made in conjunction with it may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among other things the information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities and the effects of future regulation and competition. • These statements are only our current expectations. They are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements involve risks, uncertainties and assumptions. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Actual results may differ materially from those expressed in these forward-looking statements due to a number of uncertainties and risks, including the risk s described in our latest annual report on Form 20-F and other risks, including: • our ability to successfully implement our business strategy;  • uncertainties about the future growth in electricity consumption and infrastructure development in the markets in which we operate;  • inability to attract and retain qualified management and personnel;  • increases in the costs of our raw materials;  • the impact of existing and new competitors in the markets in which we compete, including competitors that may offer less expensive products and services, more desirable or innovative products or technological substitutes, or have more extensive resources or better financing;  • the effects of rapid technological changes and vigorous competition in the markets in which we operate;  • the effects of additional or higher taxes in the countries in which we operate; • changes in competition and the pricing environments in the countries in which we operate;  • the failure to keep pace with technological changes in our industry;  • potential product liability claims;  • the effects of the higher degree of regulation in the markets in which we operate;  • general economic and political conditions in the countries in which we operate or other countries which have an impact on our business activities or investments;  • inability to successfully adapt our internal controls over financial reporting to changes in circumstance;  • the monetary and interest rate policies of the countries in which we operate; and  • exchange rates. • You should not rely on any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after we distribute this presentation, except as otherwise required by law. Use of Non-GAAP Financial Measures This presentation contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Refer to the Appendix for a discussion of these numbers and a reconciliation to their nearest equivalent financial measures calculated in accordance with GAAP.

  3. Management Presenters Mark Du Chief Financial Officer Albert Sheng Vice President of Investor Relations

  4. Company Highlights Products Markets Growth Drivers Contents Management & Sales Financials Investor Relations

  5. Company Highlights • Jinpan is a manufacturer of specialized power distribution equipment. • Leading supplier of cast resin transformers in China. • Supplier of choice to leading global OEMs for innovative power distribution solutions. • Jinpan is well positioned to capitalize on growth in – • China’s electrical infrastructure market; and • Global green energy markets

  6. Company Highlights This is a simplified organization chart. Please refer to the Company’s 20F filing for detailed information on its legal organization structure. JINPAN INTERNATIONAL LTD. HAINAN JINPAN ELECTRIC CO., LTD. JINPAN INT’L (USA), LTD. JINPAN ELECTRIC CHINA CO., LTD. Guilin Jun Tai Fu Construction and Development Co. Ltd. WUHAN JINPAN ELECTRIC CO. LTD. SHANGHAI JINPAN ELECTRIC CO. LTD.

  7. 2008 2007 1993 1998 2006 Company Highlights Guilin Manufacturing Facility Operational 2013 Shanghai Manufacturing Facility Operational Carlstadt NJ Facility Opened JINPAN INTERNATIONAL LTD. 2009 Wuhan Manufacturing Facility Operational Move listing to NASDAQ Expansion of Haikou Facility Buyout of Minority Interest UL Certification PIPE raised $25 million IPO & Listing on Amex SHANGHAI JINPAN ELECTRIC CO. LTD. Company founded in Haikou Hainan PRC 1993

  8. Products MAX Transformer Substations CUSTOMER VALUE Switchgears VPI Transformers and Reactors Cast Resin Transformers 8

  9. Dry Type Cast Resin Transformer Description: Cast Resin Transformer is a type of transformer designed to use air to cool its induction coils. Key Applications: • Transmission and distribution of electricity. • JST offers a range of medium voltage cast resin transformers for commercial & residential developments, transportation infrastructure projects, industrial applications, and wind towers. Transformer (2.5 MW Wind Towers) Isolation Transformer (Gas Turbines) Specifications: Voltage: Max 35 KV Transforming Capacity: Max 40 MVA

  10. Dry Type Cast Resin Transformer • Our transformer products meet the following international codes and standards: • GB • IEC • ANSI/IEEE/NEMA • CSA • JEC • Our transformer products have been certified by: • UL (US) • KEMA (Holland and US) • CE (EU) • GOST-R (Russia) UL&KEMA Certificates

  11. VPI Transformer and Reactors Description: VPI transformers and reactors are components of converters and inverters. They are used to change voltage and filter electricity. Application: wind, solar, rail transportation. VPI Transformer (2.5MW Wind) VPI Transformer (2.5MW Wind) Reactor Reactor Specification: Voltage: Max 1 KV Transforming Capacity: Max 500KVA Reactor(1.5MW Wind) Reactor (2.5MW Wind)

  12. Switchgear & Transformer Substation Switchgear Description: Switchgears are used to isolate electric equipment in the grid and de-energize equipment to allow technicians to perform maintenance. BLOKSET Switchgear Transformer Substation Description： Integrated assembly of low and high voltage switchgears, transformers, and monitoring and control systems in a compact fully, enclosed unit. Lowers the voltage of electricity drawn from the grid to levels that can be fed into general purpose transformers Gas Insulated Switchgear (Ring Main Unit 12KV) Transformer Substation

  13. Markets • Revenue • 2012: US$ 210.5M • Jinpan’s products are used in a wide range of applications: • Industrial Factories, refineries, ship yards, etc. • Utilities and Infrastructure Utilities: power plants , wind farms, electrical distribution networks. Infrastructure: airports, train/subway stations, and other municipal projects. • Residential and Commercial Office buildings, shopping centers, high rise apartments, etc. • Wind Energy • Jinpan manufactures VPI reactors and cast resin transformers for wind energy applications. • Jinpan has been a qualified supplier for a leading global OEM for wind energy equipment. • Sales of equipment for wind energy contribute approximately 12% of total sales.

  14. Markets

  15. Markets

  16. Growth Drivers Growth in Electricity Consumption & Infrastructure • Sales of electrical equipment is also driven by infrastructure development. • The completed investment in fixed assets of the country in 2012 was 37,467.6 billion yuan, up by 20.3 percent over the previous year. The real growth was 19.0 percent after deducting the price factors. • Jinpan manufactures equipment for the distribution of electrical power. Demand for our products is driven by demand for electricity. • In 2012, total electricity consumption in China reach approximately 4.95 trillion KWH. Source:”Statistical Communiqué of the People's Republic of China on the 2012 National Economic and Social Development” released by the China National Bureau of Statistics on February 22, 2012. Source: Compiled based on data sourced from China Electric Council releases. Year 2012 data is sourced from “2012 Electricity Industry Operations Brief” China Electricity Council on January 17, 2013.

  17. Growth Drivers Wind Energy • Sales of transformers and reactors for wind energy applications is a significant contributor to our revenue. • Jinpan has been a qualified supplier to a leading global wind power OEM for more than half a decade. We continue to cultivate relationships with new customers that specialize in wind. Source: “Global Wind Energy Statistics”, Global Wind Energy Council (Feb 2013)

  18. Growth Strategy • Leverage R&D and engineering capabilities to increase the sale of high margin custom transformers. • Increase capacity and automation to enhance efficiency and lower the cost of standard transformers. Leverage economy of scale to compete in the market for standard products. • Diversify our product offerings by through new product development. (e.g. Gas Insulated Switchgears) • Increase sales by partnering with OEM customers to supply new markets.

  19. ManufacturingFacilities JST USA Established: 1998 [Carlstadt NJ Facility Built 2009] Products: Cast Resin Transformers* JST Wuhan Established: 2008 Products: Cast Resin Transformers JST Shanghai Established: 2009 Products: VPI Transformers & Reactors; Gas Insulated Switchgears 1 JST Guilin Established: 2011 Construction Completed 2013 Products: Cast Resin Transformers JST Haikou Established: 1993 Products: Cast Resin Transformers / Conventional Switchgears *Jinpan’s Carlstadt NJ facility supports product testing, after sales service, and limited scale manufacturing on site.

  20. Management Strict implementation of international quality, environmental, and work health and safety standards enables us to efficiently manage manufacturing on a large scale. ISO 9001 Certified ISO 14001 Certified OHSAS 18001 Certified Run Enterprise Resource Planning system (SAP) that combines management information, inventory control and cost control into a single integrated platform.

  21. Engineering • Jinpan Electric has more than 200 engineers and technicians. • Jinpan Electric has more than 200 engineers and technicians. • State of the art CAD tools allow our engineers to build 3D models and 2D projections, to verify design constraints, and to collaborate online. • State of the art CAD tools allow our engineers to build 3D models and 2D projections, to verify design constraints, and to collaborate online. • Proprietary software to design the electromagnetic system in dry type cast resin transformers.

  22. Sales • International Market Strategy • Supply the international market through OEMs. • Leverage the marketing reach of large international OEMs and our expertise in manufacturing power distribution equipment to expand our presence in international market. • Currently, Jinpan is one of two manufacturers of UL certified cast resin transformers in the world. • Established a transformer assembly and testing facility in Carlstadt NJ. • In 2012, North America is our top export market followed by Europe. • China Market Strategy • Leverage our engineering and R&D capabilities to increase sale of customized transformers for advanced industrial and alternative energy applications. • Increase capacity and leverage our economy of scale to increase sales of standard distribution transformers. • Direct sales network consisting 35 regional sales offices located in major cities in China. • Diversified customer base Jinpan’s extensive sales network is a significant barrier to entry for foreign and domestic competitors seeking to enter the China market.

  23. Compelling Growth Strategy • Continue to focus on China’s growing electrical infrastructure market. • Promote and develop high end products (transformers for alternative energy and industrial applications and complementary power control and distribution products). • Invest in new, state-of-the-art facilities to increase manufacturing capacity and efficiency . Leverage the resulting economy of scale to expand market share of standard power distribution transformers. • Leverage our relations with OEMs and UL certification to expand our global reach. 23

  24. ($Millions, except per share data) Financial Performance

  25. ($Millions) Financial Performance

  26. THANK YOU! • Albert Sheng • Vice President of Investor Relations • Jinpan International (USA) Ltd. • 390 Veterans Blvd. • Carlstadt, NJ 07072 • T: 201 460 8778 (x135) • F: 201 460 8775 • E: asheng@jstusa.net 科技创新 低碳环保 绿色发展

More Related