United Orthopedic Corporation · TPEX:4129
United Orthopedic — 2022 Investor Conference
19 slides from United Orthopedic's conference presentation, Nov 18, 2022
Slide 1: United Orthopedic Corporation 2022 Investor Conference
United Orthopedic Corporation 2022 Investor Conference Jason Lin November 18, 2022
Slide 2: Safe Harbor Notice
Safe Harbor Notice Except for historical information set forth herein, this presentation contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from what may be expressed or implied by such statements. Investors sh
Slide 3: Agenda
Agenda Financial Results Business Update Q&A 3
Slide 4: Revenue & Net Profit
Revenue & Net Profit (consolidated) (NT$ thousands) Q1~Q3, 2021 Q1~Q3, 2022 DIFF % Revenue 1,840,953 2,243,391 402,438 +22% Operating P/L 96,514 207,003 110,489 +114% Non-OP P/L (58,070) (15,604) 42,466 +73% Net Profit 18,985 139,428 120,443 +634% EPS (0.06) 1.78 1.84 (Remark) Foreign exchange gain(
Slide 5: Operating Results
Operating Results Revenue Trend Chart Financial Ratios (NT$ millions) 2,400 2,243 Magin % OP EXP % +22% 11% 1,841 74% 74% 74% 1,600 12% 72% 73% 73% 89% 69% 88% 68% 67% 800 65% 64% 65% 64% 64% 0 Q1~Q3 2021 Q1~Q3 2022 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Sales (UOC) Sales(A-Spine) 5
Slide 6: Volume of Artificial Joint Replacement Surgery
Volume of Artificial Joint Replacement Surgery 6
Slide 7: First Three Quarter Revenue Breakdown (2021 vs. 2022)
First Three Quarter Revenue Breakdown (2021 vs. 2022) World wide market resumed growing while the COVID-19 pandemic slowing down. (NT$ thousands) 600,000 +56% Q1~Q3'21 +10% Q1~Q3'22 400,000 +40% +3% +8% 200,000 -3% +56% 0 7 TW INTL's USA China EU A-Spine JPN OEM
Slide 8: Revenue by Regions (2021 vs. 2022)
Revenue by Regions (2021 vs. 2022) Q1~Q3’21 Q1~Q3’22 JPN 3% OEM 0% JPN 4% OEM 0% A-Spine TW A-Spine TW 12% 26% 11% 23% EU 20% EU INTL's 25% INTL's 13% 15% China USA USA China 9% 14% 17% 8% 8
Slide 9: USA Market Development
USA Market Development 2022.03.23 ~ 2022.03.25 Sales Performance American Academy of Orthopaedic Surgeons (AAOS) (NT$ millions) 306 316 2022.11.03 ~ 2022.11.06 American Association of HIP and KNEE Surgeons (AAHKS) Q1~Q3 2021 Q1~Q3 2022 9
Slide 10: Europe Market Development
Europe Market Development Sales Performance 2022.11.09 United European Academy (NT$ millions) 568 364 Q1~Q3 2021 Q1~Q3 2022 10
Slide 11: Japan Market Development
Japan Market Development Growth rate of knee product higher than Sales Performance expectation. 業績統計 (NT$ millions) 2022.05.19 ~ 2022.05.22 Annual meeting of the Japanese Orthopedic Association 90 58 Q1~Q3 2021 Q1~Q3 2022 11
Slide 12: China Market Development
China Market Development Sales Performance Current Status: (NT$ millions) Affected by China government’s procurement policy, selling price in end-market dropped sharply, and the market order is restructured. 174 169 Distributors struggles to survive and the supply chain is reorganized. Surgeon
Slide 13: Spine Market Development
Spine Market Development Sales Performance A-SPINE Asia Co., Ltd. (stock ticker 6758) (NT$ millions) Establish June 2001 246 spinal implants and 228 Products instruments Capital NT$ 135 million 2022 Sales NT$ 246 million (Q1~Q3) 2022 P/L NT$ 8 million (Q1~Q3) EPS NT$ 0.6 Q1~Q3 2021 Q1~Q3 2022 13
Slide 14: New Product - USTARII Limb Salvage System
New Product - USTARII Limb Salvage System • Patented hinge design (US patent no. 10064732B) 2021 launched • Simple assembly mechanism to reduce operation time • Launched in USA ,Taiwan, France, UK and Belgium 14
Slide 15: New Product - Dual-mobility acetabular system (UDM)
New Product - Dual-mobility acetabular system (UDM) • Launched in Suisse, UK, 2021 launched Belgium, Japan and Argentina 15
Slide 16: New Product - Locking cage
New Product -Locking cage 2022 launched • Specially designed for complex acetabular revision • 2021 National Innovation Awards Renewals • Launched in Taiwan,USA & Indonesia 16
Slide 17: Product Improvement & Reinforcement
Product Improvement & Reinforcement Press Fit+ Resolve Modular Momentum Cup Cementless Knee Revision Stem System (modular DM cup) OD 46-70 mm Cup Metal Liner Mobile Liner Head 17
Slide 18: Business Updates
Business Updates Revenue resumed growing while the COVID-19 pandemic slowing down. Continually develop new product to strength the competitive advantage. 18
Slide 19: Thank you for listening
Thank you for listening Each Step We Care