SAI’s November Revenue Reached NT$705 Million, setting New Monthly Record. RESAICAL® Aluminum Offers Low-Carbon Solutions, SAI Expands into Diverse Industries

2024/12/09, Yunlin, Taiwan

Global automotive wheel industry leader SuperAlloy Industrial Co., Ltd. (SAI, 1563 TT) reported its consolidated revenue for November 2024 of NT$705 million, a 5.3% increase from the previous month’s revenue of NT$669 million, setting a new high for monthly revenue this year. This growth was driven by stronger demand from major supercar and luxury car brands such as JLR, BMW, and Ferrari, which boosted custom wheel orders in November. However, consolidated revenue for November decreased by 13.1% year-on-year compared to last year’s revenue of NT$811 million. The primary reason for this decrease was the higher shipment levels of BENTLEY, Stellantis, and recycled aluminum, which had contributed to stronger revenue in the same period last year. Accumulated consolidated revenue for the period from January to November 2024 reached NT$6.9 billion, a 2.5% decrease compared to NT$7.1 billion in the same period last year.

Looking at the trends of lightweighting, low-carbon emissions, and ESG requirements, it is clear that the automotive industry is moving forward with no option for “turning back.” SAI is actively leveraging its RESAICAL® recycled aluminum to provide low-carbon solutions, driving ongoing innovation in the automotive sector. Since the establishment of its recycled aluminum smelting plant in 2019, SAI has produced nearly 80,000 tons of recycled aluminum and over 900,000 recycled aluminum wheels. The yield rate for recycled aluminum has improved from 20% to over 90%. To ensure product safety and quality, SAI operates its own laboratory, which has been certified under the ISO/IEC 17025 standard by the Taiwan Accreditation Foundation (TAF). In addition, SAI has collaborated with Austrian testing equipment manufacturer Alpine to co-develop the world’s first external drum-type dual-axis wheel testing machine. This machine is the only one in Taiwan capable of simulating the Nürburgring track in Germany and is a composite wheel fatigue and durability test system that meets comprehensive customer requirements for aesthetics, safety, and quality. This key innovation has been officially adopted and certified by seven luxury brands: Porsche, JLR, BMW, Toyota, Lexus, Stellantis, and Rolls-Royce.

Looking ahead to 4Q24 and 2025, SAI remains cautiously optimistic. In recent years, SAI has focused on “forging” technology as its core and has been actively expanding into diverse industry markets while strengthening its position in the recycled aluminum sector. In addition to plans to increase the use of recycled aluminum materials in its products from the current 40% to 50% by 2025, SAI is also expanding its business into diversified application fields such as semiconductors, power electronics, aerospace, and electric vehicles. This will create better order visibility and further optimize cost structures to ensure the company’s sustainable operation.

Additionally, SAI recently received the “Gold Award for Sustainable Reporting” at the 17th Taiwan Corporate Sustainability Awards for its 2023 sustainability report. The Taiwan Corporate Sustainability Awards, organized by the Taiwan Institute for Sustainable Energy, is a prestigious event that has been held for 17 years, offering a platform for companies to exchange and observe sustainability reports and performance. This award affirms SAI’s commitment to fulfilling its social responsibilities, proactively setting sustainability goals, and disclosing performance indicators and results. The digital presentation of its sustainability report and corporate website was highly recognized by industry, government, and academic experts.

<Appendix> Monthly Consolidated Revenue                                Unit: NT$ thousand

Note: Consolidated revenue are unaudited numbers.

Contact:

Kelly Wang, SAI Investor Relation and Finance Manager

Phone: (05)551-2288 #204

E-mail: kelly.wang@superalloy.tw

Vicky, IR Trust Vice President

Phone: (02)2585-5701/0920-286136

E-mail: vicky@ir-trust.tw