Pacific Hospital Supply Co., Ltd. Your Health, Our Mission
Company Report Presented by Jacky Lee
Our Milestone
2010 Expanded 11,997m2 of production capacity 2009 New factory (F4) constructed on 15th January 2008 Issued its second series of secured domestic convertible bonds 2008 Obtain 7,085 m2 of land 2006 The automatic warehousing system was officially implemented in August 2005 Tong Lo (F3) formed to expand the production of sterilize medical product 2004 PAHSCO becomes a public listed company in the stock market 2002 Tong Lo (F1) receives GMP Certification 2001 Tong Lo Factories receives ISO13485 1987 Tong Lo (F2) constructed & expanded the production of gas piping products 1980 Started the production & trading of central medical gas equipments 1977 PAHSCO formed with a stock Capital $1Million
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Factory Taiwan Miaoli
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Certificate
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Introduction to the Medical Product Industry and Future
Global Market for Medical Devices and Equipments – Steady growth year by year
Prediction of Global Market
Percentage of Global Market （2010）
： Unit Million (USD)
Growth rate maintained between 5%-6% in recent years.
Source: Espicom Business Intelligence(2011); IEK(2011/04)
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Introduction to the Medical Product Industry and Future
Prediction of Global Medical Product Market
Estimated percentage of Global Market by country
Estimated percentage by category
Source: Espicom Business Intelligence(2011); IEK(2011/04)）
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Medical Device and Equipment Industry in Mainland China
Market Proportion Analysis 市場規模 Market Proportion
年均成長率 Avg. Annual Growth Rate
： Unit
12,000
11,013
Million (USD)
8,590
10,000 8,000
6,695
20%
9,748
15%
7,446
6,000
10%
4,000
5%
2,000 0
0% 2009
2010
2011E
2012F
2013F
Resource: IEK（2011/04）
China market has maintained 10% of the growth rate in recent years. 7
Main Geographic Areas of Global Medical Device Market
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Overall Index of Geographic Areas Developed Countries with Subcontract Manufacturing Focus US Japan Germany
Countries with Self-Branding Focus China Taiwan
Overall Index Medical Industry Index
Population (Million)
310
127
81.6
1350
23
Age (0~14:15~64:65up)
20 : 67 : 13
13 : 65 : 22
14 : 66 : 20
17.6：73.6：8.9
16 : 73 : 11
Birth Rate：Death Rate
14 : 8
9:9
8 : 10
12 : 7
9:7
Fertility Rate
2.1
1.4
1.4
1.8
0.94
GDP (Million USD)
14,582,400
5,497,812
3,309,669
5,878,629
430,096
GDP per Capita(USD)
47,084
43,161
40,542
4,393
17,660
Economic Growth Rate
2.90%
5.10%
3.60%
10.3%
4.21%
Health Expenditure per Capita（USD）
7,410
3,321
4,629
169
1,260
Health Expenditure / GDP （%）
16.20%
8.30%
11.30%
4.6%
6.00%
Change of Health Expenditure per Capita
3~4% Steady Growth Rate
Adjusting (Negative growth approx. in every 5 years)
Positive growth (Growth Rate not steady)
Hospital Beds per 1000 persons (unit)
3.10
13.80
8.20
Source: World Bank, Espicom, IEK
15% and above High-speed 2~3% Growth Rate Growth Rate 2.45
6.78
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Population Structure of Geographic Areas Population of age above 65 Country
Percentage of population above age 65 7%
10%
14%
20%
Low birth rate in Taiwan, hence the Population Structure is aging.
Period of time expected 30%
7%→14%
10%→20%
20%→30%
Taiwan
1993
2005
2017
2025
2040
24
20
15
Singapore
2000
2010
2016
2023
2034
16
13
11
South Korea
2000
2007
2017
2026
2040
17
19
14
Japan
1970
1985
1994
2005
2024
24
20
19
China
2001
2010
2026
2036
-
25
20
-
United States
1942
1972
2015
2034
-
73
62
-
Germany
1932
1952
1972
2009
2036
40
57
27
UK
1929
1946
1975
2026
-
46
80
-
Italy
1927
1966
1988
2007
2036
61
41
29
Switzerland
1887
1948
1972
2015
-
85
67
-
France
1864
1943
1979
2020
-
115
77
-
Source：1. Council for Economic Planning and Development 2.United Nations, World Population Prospects：The 2006 Revision.
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Major Exporting Countries and Percentage of Product Categories
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Disposable Medical Devices Close Suction System (CSS) Sales Revenue:332 Million % of Product TR: 27% (1st) Bags Sales Revenue:176 Million % of Product TR: 14% (2nd) Suction Catheter Sales Revenue:176 Million % of Product TR: 14% (3rd) Respiratory Sales Revenue:24 Million % of Product TR: 2% 12
Medical Device Market Revenue
Source: Frost & Sullivan
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Respiratory Disposable Market Size – Facts And Figures in China
Inpatients % of Respiratory System Diseases City Hospital
Countylevel Average Hospital
2009 12.23% 16.46% 14.35%
2010 12.41% 16.43% 14.42%
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Sale Revenue in China
38% 13% 50%
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Information about the Leading Firms Kimberly Clark
Covidien
Resmed
CareFusion
Texas
Dublin
SD,CA
SD,CA
Stock Exchange
NYSE, BMV
NYSE
NYSE, ASX
NYSE
Stock Price (Jun. 29)
83.77
53.50
31.20
25.68
Market Cap
32.85B
26.16B
4.42B
5.70B
EPS(ttm)
4.31
3.82
1.49
1.65
Sales Revenue (million)
20,846
11,574
1,243
3,528
Profit Margin
29.5%
56.83%
59.61%
51.16%
Net Profit Margin
7.63%
16.14%
23.90%
6.91%
Revenue in Respiratory Devices
400M** (2%)
752M (6%)
699M (56%)
176M** (5%)
Headquarter
(% of TR)
Source: Yahoo Finance, FR of the companies, ＊Global Data **estimated
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Mask ＆ Tubing
Anesthetic Oxygen Therapy Aerosol Therapy
Mask and Tubings for NIV
Sleep Therapy Emergency Care Laryngeal Mask Closed Suction Set
Airway
ET tube
Related Products for Invasive Ventilation
Tracheostomy tube Guedel Airway Laryngoscope
Filter/ Humidifer
Filter Artificial Nose Nebulizer Active and Passive humidifier
For Delivering Humidified or Warn Gas
FMS Market Potential
FMS Leading Firms: − − − −
ConvaTec Secco Bard B Braun
ConvaTec, 80%
Continence &Critical Care(FMS) 15%, Sale Revenue: 242 millon
Total Market Revenue: Over 300 million* *Estimated Amount
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Information about the Leading Firms ConvaTec
Bard
B Braun
New Jersey
New Jersey
Melsungen
Stock Exchange
Private
NYSE
Private
Private
Stock Price (Jun. 29)
83.77
107.44
N/A
N/A
Market Cap
N/A
9.05B
N/A
N/A
EPS(ttm)
N/A
6.40
N/A
N/A
Sales Revenue (million)
1,599
2,896
7,239
N/A
Profit Margin
52.68%
62.12%
N/A
N/A
Net Profit Margin
-17.85%
11.32%
5.5%
N/A
Headquarter
Source: Yahoo Finance, FR of the companies, **estimated
Secco
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PAHSCO Faecal Management System
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Thanks for your attention & patience!
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