Asustek Computer Inc. · TWSE:2357
Asustek Computer — Asustek Computer Inc Regs — Q3 2024 Earnings Presentation
19 slides from Asustek Computer's earnings presentation, Nov 8, 2024
Slide 1: ASUSTeK 3Q 2024 Investor Conference
ASUSTeK 3Q 2024 Investor Conference
Slide 2: Disclaimer
Disclaimer ASUSTeK’s presentation contains forward-looking statements subject to significant risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. The forward-looking statements in this release reflect the current belief of ASUS as of t
Slide 3: Agenda
Agenda • 3Q 2024 Financial Result • Strategy & Outlook • Q&A CONFIDENTIAL AND PROPRIETARY INFORMATION
Slide 4: 3Q 2024 Financial Result
3Q 2024 Financial Result
Slide 5: 2024 3Q Brand Income Statement
2024 3Q Brand Income Statement in NT$ Mn 2024 3Q 2024 2Q QoQ 2023 3Q YoY Net Revenue 156,743 136,260 15% 126,236 24% COGS (129,910) (111,376) 17% (104,305) 25% Gross Profit 26,833 24,884 8% 21,932 22% Operating Expenses (15,696) (14,200) 11% (13,490) 16% Operating Profit 11,137 10,684 4% 8,442 32% N
Slide 6: 2024 3Q Brand Non-OP Items
2024 3Q Brand Non-OP Items in NT$ Mn 2024 3Q 2024 2Q QoQ 2023 3Q YoY Interest Income (net) 357 682 -48% 500 -28% Investment Income 566 668 -15% 446 27% Askey (55) (146) 62% (66) 16% Others 622 814 -24% 512 21% Exchange Gain/(Loss) 2,330 805 189% 1,023 128% Dividend Income 1,090 1,806 -40% 2,847 -62%
Slide 7: 2024 3Q Brand Balance Sheet
2024 3Q Brand Balance Sheet in NT$ Mn Sep 30, 2024 Jun 30, 2024 QoQ Sep 30, 2023 YoY Cash & equivalents 55,674 40,882 36% 58,407 -5% Accounts receivable 113,109 103,036 10% 96,826 17% Inventories 138,638 145,361 -5% 120,296 15% Current Assets 325,726 310,489 5% 290,896 12% Long-term investments 130,
Slide 8: 2024 3Q Revenue Mix
2024 3Q Revenue Mix Business Group Region System BG: PC & smartphone. AIOT BG: Mini PC, IPC & AI solution. Open Platform BG: MB, Graphic Card, Server & other component products 8 CONFIDENTIAL AND PROPRIETARY INFORMATION
Slide 9: 2024 4Q Outlook
2024 4Q Outlook • PC QoQ -15%, YoY >20% • Component & Server QoQ +5%~+10%, YoY >30% 9 CONFIDENTIAL AND PROPRIETARY INFORMATION
Slide 10: Strategy & Outlook
JUS _INSEARCH OF INCREDIBLE Strategy & Outlook
Slide 11: Solid Operating Results
Solid Operating Results 11 CONFIDENTIAL AND PROPRIETARY INFORMATION
Slide 12: Strategy and Objectives
Strategy and Objectives AI Gaming Market • AI PC • #1 Gaming Brand • Public, Enterprise & System Business Partners • AI Server • #1 Gaming NB, MB & Graphic cards • Cloud Service Provider • AIOT & solutions • Vertical domain Open Platform • A new wave of TAM growth • TAM expansion • Product leadershi
Slide 13: Copilot+ PC leadership
Copilot+ PC leadership • >25% Copilot+ PC market share • Best time to innovation • User-Centric product lineup 13 CONFIDENTIAL AND PROPRIETARY INFORMATION
Slide 14: Gaming PC Leadership
Gaming PC Leadership Solid Revenue Growth Strong Share Gain YoY+20% 30+% >20% >15% No.1 BRAND CAGR market share PRODUCT • Q3 Gaming PC revenue and market share reached new high. COMMUNITY • Gaming revenue grew at >15% CAGR from 2020 to 2024. • Expand user recognition and the ecosystem to strengthen
Slide 15: System Business Group
System Business Group 24Q3 Revenue Superior Market Leading PC Brand +15~20% YoY Shipment Growth(YoY) 30+% 10% 25+% 2024 Q3 Performance ASUS -2.4% market share • ~30% QoQ and ~10% YoY growth in PC shipment and market share in Q3 2024. Business • Copilot+ PC market share > 25%, driving stronger ASP an
Slide 16: Open Platform Business Group
Open Platform Business Group 24Q3 Revenue Motherboard & Graphics Card Server Business Revenue Revenue +5~10% YoY Five-times Growth in 2024 +35~40% YoY 2024 Q3 Performance 5X • Motherboard and graphics card have established unrivaled leadership . Business • Enhanced product lines with cutting-edge AI
Slide 17: AIoT Business Group
AIoT Business Group 24Q3 Revenue ASUS Marks One Year of NUC ASUS IoT and Intel Co-Develop , High-Performance Server +150~% YoY Portfolio with Major Platform for Semiconductor Milestones and AI Innovations Testing Equipment 2024 Q3 Performance • Advancing Intel's NUC technology with AI, expanding its
Slide 18: ROG leadership, innovation and community
• Gaming laptops occupy more than 30% of the worldwide market share and dominate around 50% of the RTX 4080/4090 gaming laptop segment. LEADERSHIP • ROG has been recognized by TIME as one of the World’s Best Brands 2024, as well as The Best Gaming Laptops from worldwide media. • ROG released the Vir
Slide 19: Q&A
JUS _INSEARCH OF INCREDIBLE Q&A
Asustek Computer Inc Regs — Q3 2024 Earnings Presentation on 6ix