United Orthopedic Corporation · TPEX:4129
United Orthopedic — Q2 2024 Earnings Presentation
18 slides from United Orthopedic's earnings presentation, Aug 20, 2024
Slide 1: United Orthopedic Corporation 2024 Investor Conference
United Orthopedic Corporation 2024 Investor Conference August 20, 2024
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 Performance in the second-quarter of 2024 Performance in the first half of 2024 Business Update Q&A 3
Slide 4: Performance in the second-quarter of 2024
Performance in the second-quarter of 2024 (NT$ thousands) 2023 Q2 2024 Q2 DIFF % Revenue 933,310 1,140,707 207,397 +22% Operating P/L 114,567 157,044 42,477 +37% Non-OP P/L (5,432) (8,104) (2,672) -49% Net Profit 85,118 102,259 17,141 +20% % 9% 9% EPS 0.97 1.06 0.09 4
Slide 5: Revenue in the second-quarter of 2024
Revenue in the second-quarter of 2024 NT$ 1,141 million (Quarterly record high) (NT$ millions) 2023 Q2 2024 Q2 YoY% Revenue 933.3 1,140.7 22% TW 230.6 278.9 21% INTL 102.6 100.7 -2% China 41.1 41.4 1% USA 146.8 195.2 33% EMEA 271.1 356.0 31% Japan 43.1 57.8 34% A-Spine 98.1 110.8 13% 5
Slide 6: Performance in the first half of 2024
Performance in the first half of 2024 (NT$ thousands) 2023 H1 2024 H1 DIFF % Revenue 1,861,405 2,206,572 345,167 +19% Operating P/L 216,324 281,933 65,609 +30% Non-OP P/L (24,132) (7,399) 16,733 +69% Net Profit 151,741 196,005 44,264 +29% % 8% 9% 1% EPS 1.82 2.04 0.22 6
Slide 7: Revenue in the first half of 2024
Revenue in the first half of 2024 NT$ 2,207 million (History high) 2023 2024 (新台幣佰萬元) YoY% 上半年 上半年 營業收入 1,861.4 2,206.6 19% TW 431.9 516.3 20% INTL 203.0 200.6 -1% China 75.1 78.0 4% USA 293.5 386.2 32% EMEA 590.1 711.9 21% Japan 86.2 116.4 35% 7 A-Spine 181.6 197.4 9%
Slide 8: Operating Results by Quarter
Operating Results by Quarter Revenue Trend Chart Financial Ratios GM % OP Exp % 1,200 (NT$ millions) 1,134 1,141 1,066 10% 10% 933 934 8% 78% 78% 78% 78% 925 928 77% 77% 90% 92% 90% 75% 9% 9% 11% 11% 75% 74% 759 74% 740 744 91% 91% 89% 89% 10% 11% 12% 89% 88% 600 90% 66% 66% 66% 65% 65% 64% 63% 63%
Slide 9: Overview of Global Deployments
Overview of Global Deployments Own brands, international channels, market-oriented, pursuing sustainability. 9
Slide 10: Performance in the Taiwan Market
Performance in the Taiwan Market 300 Second-quarter revenue 600 Half-year revenue (NT$ millions) +21% 279 (NT$ millions) 516 +20% +52% 231 432 150 +32% 152 327 300 0 2022 Q2 2023 Q2 2024 Q2 0 2022 H1 2023 H1 2024 H1 10
Slide 11: Performance in the International Market
Performance in the International Market Second-quarter revenue Half-year revenue (NT$ millions) (NT$ millions) 142 - 27% 217 -7% 203 - 1% 201 -2% 103 101 2022 Q2 2023 Q2 2024 Q2 2022 H1 2023 H1 2024 H1 11
Slide 12: Performance in the US Market
Performance in the US Market Second-quarter revenue Half-year revenue (NT$ millions) (NT$ millions) 386 +33% 195 +36% +32% 147 294 108 +42% 206 2022 Q2 2023 Q2 2024 Q2 2022 H1 2023 H1 2024 H1 12
Slide 13: EMEA Market Performance (Europe/Middle East/Africa)
EMEA Market Performance (Europe/Middle East/Africa) Second-quarter revenue Half-year revenue (NT$ millions) (NT$ millions) +31% 356 712 +21% +57% 271 590 +49% 173 397 2022 Q2 2023 Q2 2024 Q2 2022 H1 2023 H1 2024 H1 13
Slide 14: Performance in the Japan Market
Performance in the Japan Market Second-quarter revenue Half-year revenue (NT$ millions) (NT$ millions) 116 +34% 58 +35% +59% 43 86 27 62 +40% 2022 Q2 2023 Q2 2024 Q2 2022 H1 2023 H1 2024 H1 14
Slide 15: Performance in the China market
Performance in the China market Won the bid in the second round of the national procurement process, with both United and local domestic brands being awarded; implementation will proceed gradually in various provinces in the second half of the year. Second-quarter revenue Half-year revenue (NT$ mill
Slide 16: Revenue for July 2024
Revenue for July 2024 NT$ 417 million (YoY +33% ; Monthly record high) (NT$ millions) July 2023 July 2024 YoY% Revenue 312.6 416.5 33% TW 75.5 105.3 39% INTL 42.1 47.2 12% China 7.9 7.3 -8% USA 55.5 79.3 43% EMEA 81.2 113.0 39% Japan 15.7 27.5 75% A-Spine 34.7 36.9 6% 16
Slide 17: Revenue for January to July 2024
Revenue for January to July 2024 NT$ 2,623 million (YoY +21% ; continued to set new all-time highs) (新台幣佰萬元) 2023年１~7月 2024 1~7月 YoY% 營業收入 2,174.0 2,623.0 21% TW 507.4 621.6 22% INTL 245.1 247.7 1% China 83.1 85.3 3% USA 349.0 465.5 33% EMEA 671.3 824.8 23% Japan 101.8 143.8 41% A-Spine 216.3 234.
Slide 18: Thank you for listening
Thank you for listening Each Step We Care