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Global Excellence in Providing Global Excellence in Providing Kitchen & Bath SolutionsKitchen & Bath Solutions

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Company Profile 公司簡介 Business Model & Strategies 發展策略

Financial Highlights 財務報告 2008 Outlook 未來展望

Content

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Who we are Profile:

1979 founded 1989 started a factory

1993 move factory to China 2005 listed in SZSE

Listed: TSEC (Taiwan) 、 SZSE A Share (China)

Products: Faucets(44%) 、 Ceramics (27%) 、 Accessories(9%) Showerheads(7%) 、 Kitchen cabinets(13%).

Operation: 10 factories 、 10 marketing companies 、 13 brands 2007 group sales NT$23bn.

Global Investments:

more than NT$9 bn.

Taiwan, 6.5

China, 27.16

North America,20.5

European, 36.8

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Global Business Scope

Bath Products

1.Danze (NA)2.Gerber (NA)3.Fusion (NA)4.GUCA (Canada)5.Arte En Bronce (Mexico)6.Lenz (German)7.Milim (China)8.GoBo (China)

Faucet & Accessaries

1.GUSZ (China)2.GUFY (China)3. 青島霖弘精密 (China)4. 青島成霖科技 (China)5. 慶津五金 (China)6.Germany7.Mexico8.Texas9.Montreal

Ceramics

Milim (China)

GU Group

Channel Manufacturing

RO電解水機Anderson Tech. (TWN)

RO電解水機Anderson Tech. (TWN)

Kitchen & Bath Products

1.PJH Group (UK)2.Home Boutique (TWN & China)

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Group Headcounts

North America : 274 Europe: 831

Taiwan : 559

China : 7,646

Total headcounts : 9,310

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Management Team

Group Chairman & President

Scott Ouyoung

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Business Model

Product Manufacturer

Brand/Channel Distributor

product

ODM

Own BrandsIn-house

57 %

43 %52 %

48 %

Outsourcing

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GU Global Strategy

MexicoMexico

TexasTexasMontrealMontreal

GermanyGermanyShandongShandong

ShenzhenShenzhen

( 一 ) 產業鏈的垂直整合( 二 ) 全球佈建 :

factories

GU Local Brand (1993 ~)GU Global Brand (2007~)( 三 ) 追求市佔率與獲利成長

GU ODM(1979~)

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GU ODM (1979)

HOMEMARK好美佳

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1999

2002

2003

2000

2003

1993

2003

2006

20062004

2007

GU Local Brands (1993)

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GU Global Brand – Danze (2007)

資源共享、借力使力

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Unit:USD mn

Sales- GU Group

710

109154

239

396316 304

0

200

400

600

800

2001 2002 2003 2004 2005 2006 2007

Note: CAGR (2001 ~ 2007) =30.33 %

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GU Group sales breakdown

100%= US 710 million (2007)

North America

49%

Europe

44%

China

3%

Others

4%

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2007年重要子公司佔集團營收Company % of group

sales

Europe PJH 37%

North USAGerber 15%

Danze 11%

AsiaHB 1.3%

GoBo 1%

Milim 0.7%

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Major M&A History 2003~2007 Acquisition amount more than NT$3bn

Company Country Year Ownership Amount Products

Milim China 2003 100% US$9.5m Ceramics

Gerber USA 2003 80% US$12m plumbing products

Lenz German 2004 100% US$0.45m plumbing products

Home Boutique Taiwan 2006 80% NT$470mHigh quality

kitchen ,bath, cabinets products

Anderson Tech. Taiwan 2006 52% NT$130m water purifiers

PJH UK 2007 100% NT$2.4bnkitchen, cabinets, bath

products

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Dividend Policy　　

0

0.5

1

1.5

2

2.5

3

3.5

Stock 1.6 1 1.03 0.92 0.5

Cash 0.4 1.9 1.03 1.39 1.5

Total 2 2.9 2.06 2.32 2

04 05 06 07 08

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2008 Major CAPEX in China

1.Kitchen Cabinets JV Business NT 1002.Home Boutique Expansion NT 220 (Shanghai) 3.Faucets Expansion (Qingdao) NT 2604.Milim Ceramics Expansion NT 230

Total 810

Unit:NT$m

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未來投資 ( 一 ): 成霖與歐洲廠商合資廚櫃工廠

預估投資額 : NT$ 1 億

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未來投資 ( 二 ): 上海麗舍擴店

預估投資額 : NT$ 2.2 億BeijingBeijing

ShanghaiShanghai

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未來投資 ( 三 ): 青島水龍頭廠

預估投資額 : NT$ 2.6 億

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未來投資 ( 四 ): 美林陶瓷擴廠

預估投資額 : NT$ 2.3 億