Contents Prologue Chapter 01 Chapter 02 01 Corporate Identity Company Overview 02 CAN 소개 01 기업개요 03 자동차전장산업 02 사업포트폴리오 03 경영성과 Chapter 03 Chapter 04 Business Overview 01 S/W 기반의기술경쟁력 02 강력한 R&D 역량 03 CNAS 국가인증실험센터 04 제품경쟁력 05 안정적인매출처 06 중국내시장포지션 07 진입장벽 Appendix Market Overview 01 자동차전장산업전망 02 중국및해외신에너지자동차시장 03 성장하는중국신에너지자동차시장 04 성장하는중국전기버스시장 Investment Highlights 01 전기차핵심제어제품개발 (1), (2) 02 안정적인신규매출처 03 전기차제품공급계획 04 기타연구개발제품 05 향후매출전망 06 VISION2020 01 IPO Plan 02 지배구조 03 성장연혁 04 사업장소개 05 요약재무제표 06 중국공신부공고자료 Rothwell Automotive Electronics INVESTOR RELATIONS 2016
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Rothwell Automotive Electronics Prologue 01 Corporate Identity 02 CAN 소개 03 자동차전장산업
01 Corporate Identity 중국전장제품산업의선도기업 2014 Top10 11 25 24 17 2 9 R&D 21% TOP-tier Roswell Hi-Tech 1947.07.05 ROSWELL UFO Incident Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 5
02 CAN 소개 CAN 이란? (Controller Area Network) 1986 BOSCH ISO 11891 Without CAN With CAN RKE ECU Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 6
03 자동차전장산업 Players UP 수동전자소자 원자재 능동전자소자 각종부품 기계부품 Up-stream 설비제조 부품모듈 연구개발 MID 자동차전장시스템 Mid-stream DOWN 완성차 (OEM/ODM) A/S Down-stream Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 7
Rothwell Automotive Electronics Chapter 01 Company Overview 01 기업개요 02 사업포트폴리오 03 경영성과
01 기업개요 중국하이테크기반의자동차전장제품전문기업 2006 6,000 RMB 周祥东 University of Southern Queensland MBA 2000~2005,, 2005~2006 2006~ 2014~ 512 2015 CAN,, http //www.rothwell.com.cn/ 166 12 333 1 10 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 9
02 사업포트폴리오 통합된기술력으로다양한제품포트폴리오구성 & 중국내상용차 / 승용차영역커버 CAN BCM CAN Bus RKE/PKE 94.5% 2015 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 10
03 경영성과 하이테크제품비중확대로인한높은이익률달성 CAN 95,461 단위 : 백만원 40% 2009 2012, 2015 CAGR: 31.5% 82,188 61,005 73% 77% 23.3% 26.1% 24.9% 23.6% 41,944 69% 65% 17.3% 20.4% 19.6% 18.6% 2012 2013 2014 2015 2012 2013 2014 2015 2015 12 31 179.11 /RMB Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 11
Rothwell Automotive Electronics Chapter 02 Business Overview 01 S/W 기반의기술경쟁력 02 강력한 R&D 역량 03 CNAS 국가인증실험센터 04 제품경쟁력 05 안정적인매출처 06 중국내시장포지션 07 진입장벽
01 S/W 기반의기술경쟁력 단순사출제품이아닌, 자체연구개발한 S/W 프로그램을삽입한 ECU 생산 ECU Electronic Control Unit S/W S/W Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 13
02 강력한 R&D 역량 강력한 R&D 역량을기반으로지속적인기술개발집중 R&D R&D CAN & & 79 51 11 25 24 17 2 R&D 3% 77% 단위 : 백만원 21% 2,856 3,016 53% 4% 6% 1,670 2,145 6% 10% 2012 2013 2014 2015 * 512 2015 2015 12 31 179.11 /RMB Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 14
03 CNAS 국가인증실험센터 전장제품연구개발및생산과정에서의품질관리를위한전문적인플랫폼제공 ECM CNAS China National Accreditation Service for Conformity Assessment 2012 2015 3D CAN Bus CAN Bus BCM R&D 1 ECM 2 EMI Pre-scan Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 15
04 제품경쟁력 중국내첨단기술, 고부가가치제품자체개발기술력보유 /GPS,,, GPS : 2012 2015 A6 VS JT/T794-2011 JT/T808-2011 GB/T 19056-2012 : H7 : A6 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 16
05 안정적인매출처 전세계 TOP-Tier 상용차 / 승용차제조상공급체계로의성공적인진입 8 FOTON [600166], 1 55.52014 3 15002016 5,,,, 16% - 3% 3% 4% 5% 2015 35% CNHTC 9% 12% 13% TOP 10 7 C&C Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 17
06 중국내시장포지션 탄탄한실력으로거대한중국내수시장점령, 생산액규모기준중국내 9 위, 제어부문 1 위 179.11KRW/RMB 2014 9 2013 2014 IC MCU/ECU 68,517 90,495 2015 2 22% 1 5 21% 21% 2 Top-10 32% 68% Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 18
07 진입장벽 기술, 고객사등다방면에서로스웰만의높은진입장벽구축, 1 FOTON 9 20 21% 79 CNAS, Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 19
Rothwell Automotive Electronics Chapter 03 Market Overview 01 자동차전장산업전망 02 중국및해외신에너지자동차시장 03 성장하는중국신에너지자동차시장 04 성장하는중국전기버스시장
01 자동차전장산업전망 중국자동차전장산업본격성장기진입 단위 : 억달러 70% CAGR 10% 2,348 5% 10% 15% 22% 30% 35% 40% 50% 15~18% 1,340 CAGR 5% 1,221 1,284 1,508 1,618 1,780 1970 1980 1990 2000 2005 2010 2015 2020 Ebest 47% 65% 20% 15% 28% 08 09 10 11 12 13 16E, Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 21
02 중국및해외신에너지자동차시장 신에너지자동차는글로벌자동차산업발전의주축이며, 특히중국에서국가정책의지원아래빠른속도로성장중 단위 : 만대 350 300 250 200 150 100 50 0 CAGR 36.4% 2014 2015 2016F 2017F 2018F 2019F 2020F 2012 1.2-2020 500 2013-2013-2015 1, 5 1.6-2014 2014 5.9 2015 7 2015 1 2025 10 23.9 2020 500, 2020 500, - 12,000 450 WIND,,, Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 22
03 성장하는중국신에너지자동차시장 2015 년중국은세계최대의신에너지자동차시장으로등극 2015 PHEV BEV 단위 : 대 단위 : 대 350,000 331,092 120,000 300,000 100,000 250,000 80,000 200,000 343% 150,000 100,000 50,000 74,763 BEV 140% PHEV 43% 58,125 60,000 40,000 20,000 0 2011 2012 2013 2014 2015 2016.1Q - 1 2 3 4 5 6 7 8 9 10 11 12 CAAM, WIND,,, Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 23
03 03. 성장하는중국전기버스시장 전기버스는 2015 년중국신에너지자동차발전의성장동력으로전체매출액의 37% 육박, 100,000 80,000 88,248 단위 : 대 60,000 40,000 20,000-65.13% 12,904 6,265 2014 2015 2016 63% 2015 e-bus 37% 30,000 20,000 2015 단위 : 대 e-bus 21% 10,000-2014 1 2 3 4 5 6 7 8 9 10 11 12 79% 2014, CAAM, WIND, Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 13% 24
Rothwell Automotive Electronics Chapter 04 Investment Highlights 01 전기차핵심제어제품개발 (1)(2) 02 안정적인신규매출처 03 신에너지제품공급계획 04 기타연구개발제품 05 향후매출전망 06 VISION2020
01 전기차핵심제어제품개발 (1) S/W 역량기반의전기차핵심제어제품개발 BMS, Km, BMS, SOC, 3 in 1 DC-DC Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 26
01 전기차핵심제어제품개발 (2) 중국내대형전기버스완성차업체와 2016 년납품의향협의서체결 BMS Charger Motor EV PHEV HEV Battery PACK Controller FCEV 2016 2015 8,191 3,099 1,650 1,900 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 27
02 안정적인신규매출처 중국내 TOP 10 전기버스완성차업체와의협력으로확고한시장지위구축 2015 2015 2015 2014 단위 : 대 15% 33% 10% 3% 3% 3% 4% 6% 6% 8% 9% 0 4,000 8,000 12,000 16,000 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 28
03 전기차제품공급계획 현재동력배터리팩 1 개생산라인확보, 하반기부터대량생산예정 2016 2016 / 500-2016 3 [ CAPA 300/ ] / 500 WD6602BEV5 / 250,, 3 in1, 5 in1, DC-DC, DC-AC,, YBL6117HBEV11 JS6851GHBEV10 600-2016 9 2016 6 [ CAPA 600/ ] [ CAPA 600/ ] 2016 12 [ CAPA 600/ ] Appendix Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 29
04 기타연구개발제품 산업발전에맞추어지속적인신제품연구개발진행 NGB PEPS Passive entry & push start systems ABS + ACC + ESP PEPS 5, 4 TPMS Tire pressure measuring system EU Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 30
05 향후매출전망 시장의수요에따른생산능력확대, 향후 CAGR 40% 이상성장전망 3 CAN 3,000 단위 : 억원 2016 2,000 2,500 CAGR: 40% 2,000 1,500 1,000 500 955 CAN BMS NGB 0 2015 2016E 2017E 2018E Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 31
06 VISION2020 해외선진기술유입을기반으로 글로벌하이테크전장제품기업 으로도약 R&D Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 32
Rothwell Automotive Electronics Appendix 01 IPO Plan 02 지배구조 03 성장연혁 04 사업장소개 05 요약재무제표 06 중국공신부공고자료
01 IPO Plan 30,000,000 32.90% 65.07% 2,100 ~ 3,200 630 ~ 960 1,890 ~ 2,880 1.31% 91,190,476 32.9% 0.72% / 2016 6 13 ~ 6 142 31,995,000 35.09% 2 2016 6 17 ~ 6 202 2016 6 22 16,380,000 17.96% 10,965,000 12.02% 360,000 0.39% 300,000 0.33% 1 2016 6 30 1,190,476 1.31% 6 61,190,476 67.10% Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 34
02 지배구조 27.30% 18.275% 53.325% 0.60% 0.50% 100% HK Off shore On shore 100% 100% 100% 30% 2011 70% 2014 30% 2010 2013 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 35
03 성장연혁 하이테크기술역량을바탕으로자동차전장제품선도기업으로도약 2006~2009 2006 2007 2008 FOTON 2009 Hi-tech 2010~2012 2010 - China Torch Program 2011-2012 CNAS 2013~ 2013 邓伟文 2014 2015 9, 1 34,926 3,761 37,076 단위 : 백만원 95,461 82,188 61,005 41,912 6,090 7,164 12,440 16,120 17,740 2010 2011 2012 2013 2014 2015 2015 12 31 179.11 /RMB Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 36
04 사업장소개 전국각지역의서비스센터기반으로고객사빠른대응을위한최적화시스템구축 : 52,000 CAPA: 280 Baoding Xi an Chongqing Wuhu Changsha Qingdao Liuzhou Guangzhou 10 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 37
05 요약재무제표 (KRW) 단위 : 백만원 단위 : 백만원 2015 2014 2013 2015 2014 2013 94,063 72,213 54,282 11,536 12,321 13,380 105,599 84,534 67,662 40,411 37,939 36,145 - - - 40,411 37,939 36,145 95,461 82,188 61,005 61,130 51,792 37,032 34,331 30,395 23,974 11,841 9,969 8,024 22,490 20,426 15,950 25,984 14 0.141-10,749 11,627-292 -251-39,496 36,083 19,963 - - -74 65188 46,594 31,514 299 301 173 1,954 1,909 1,519 20,835 18,818 14,604 3,095 2,698 2,164 17,740 16,120 12,440 2015 12 31 179.11 /RMB 2015 12 31 179.11 /RMB Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 38
05 요약재무제표 (RMB) 단위 : 천 RMB 단위 : 천 RMB 2015 2014 2013 2015 2014 2013 525,169 403,179 303,063 64,409 68,788 74,702 589,578 471,967 377,765 225,621 211,822 201,804 - - - 225,621 211,822 201,804 532,973 458,867 340,601 341,301 289,165 206,753 191,673 169,702 133,848 66,109 55,661 44,797 125,564 114,042 89,051 145,074 79 0.789-60,011 64,914-1,630-1,402-220,513 201,457 111,459 - - -412 363,957 260,144 175,962 1,600 1,638 966 10,910 10,659 8,482 116,325 105,062 81,535 17,280 15,064 12,083 99,045 89,998 69,453 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 39
06 중국공신부공고자료 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 40
06 중국공신부공고자료 1 2 Prologue Company Overview Business Overview Market Overview Investment Highlights Appendix 41
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