Chang Wah Technology Co., Ltd. · TPEX:6548
Chang Wah Technology — Q2 2022 Earnings Presentation
13 slides from Chang Wah Technology's earnings presentation, Jul 19, 2022
Slide 1: 2022 Second Quarter Earnings Conference
2022 Second Quarter Earnings Conference CWTC*(6548.TW) (NT$1 par value per share) Investor Presentation – IR Manager Mr. Richie Su (Tel：+886-2-87510696 Ext.206) CWE-IR@cwei.com.tw July 19, 2022 Confidential
Slide 2: Agenda
Agenda • 2Q22 Financial Results • 3Q22 Outlook • Q&A 1
Slide 3: Safe Harbor Notice
前瞻性聲明 Safe Harbor Notice Information included in this press release that are not historical in nature are "forward looking statements“. CWTC cautions readers that forward looking statements are based on CWTC’s reasonable knowledge and current expectations and are subject to various risks and uncerta
Slide 4: Statements of Comprehensive Income (Quarterly)
Statements of Comprehensive Income(Quarterly) NT$ mn 2Q22 1Q22 QoQ 2Q21 YoY Revenue 3,778 3,631 4% 3,071 23% Gross Profit 1,165 1,122 4% 697 67% Operating Profit 857 816 5% 464 85% Non-Opersting Items 137 85 61% (55) -349% Pretax Income 994 901 10% 409 143% Tax Expenses 199 194 3% 92 116% Net Income
Slide 5: Statements of Comprehensive Income (Accumulate)
Statements of Comprehensive Income(Accumulate) NT$ mn 1H 22 1H 21 YoY Revenue 7,409 5,791 28% Gross Profit 2,287 1,219 88% Operating Profit 1,673 756 121% Non-Opersting Items 222 (30) -840% Pretax Income 1,895 726 161% Tax Expenses 393 165 138% Net Income to Shareholders of the Parent Company 1,487
Slide 6: Revenue by Front-end process (Accumulate)
Revenue by Front-end process (Accumulate) 1H 22 1H 21 Etching Stamping Etching Stamping 43% 59% 41% 57% *Classified by sales amount (US$) 5
Slide 7: Revenue by Product (Accumulate)
Revenue by Product (Accumulate) 1H 22 1H 21 Pre-mold Pre-mold QFN QFN 5% 10% Discrete 19% IC Discrete 34% IC 20% 40% QFN 18% QFP QFN 24% QFP 16% 14% Discrete：small outline transistor, SOT *Classified by sales amount (US$) 6
Slide 8: Revenue by Application (Accumulate)
Revenue by Application (Accumulate) 1H 22 1H 21 Others Others 4% 9% Industrial 19% 3C Industrial 39% 15% 3C 51% Automotive Automotive 38% 25% *Classified by sales amount (US$) 7
Slide 9: Balance Sheets
Balance Sheets NT$ mn 2Q22 1Q22 4Q21 Cash & Marketable Securities 5,173 4,466 3,796 Accounts Receivable 3,251 2,955 2,858 Inventories 2,589 2,425 2,196 Net PP&E 2,995 2,685 2,475 Total Assets 17,858 16,047 14,842 Current Liabilities 5,384 4,705 4,336 Total Liabilities 8,140 6,820 6,430 Total Shareho
Slide 10: Cash Flows
Cash Flows NT$ mn 2Q22 1Q22 4Q21 Beginning Balance 4,386 3,685 3,452 Cash from operating activities 810 815 692 Capital expenditures (451) (355) (174) Cash dividends - (247) - Short-term loans 432 - (364) Bonds payable - - - Investments and others (74) 488 79 Ending Balance 5,103 4,386 3,685 Free Ca
Slide 11: Completion of Registration of Changing the Par Value of Stock from NT$1 to NT$0.4
The Completion of Registration of Changing the Par Value of Stock from NT$1 to NT$0.4 NT$ now After the change Par value per share 1 0.4 Common stock 384,198,680 384,198,680 Outstanding shares 384,198,680 960,496,700 Book value per share 23.01 9.204 The execution of the stock split program is subjec
Slide 12: 3Q22 Guidance
3Q22 Guidance Based on our current business outlook, the management expects: • Revenue to be between NT$ 3,680 mn and NT$ 3,870 mn Based on the exchange rate assumption of 1 US dollar to 29.8 NT dollar, the management expects: • Gross margin to be between 29.5 % and 31.5 % • Operating margin to be b
Slide 13: Q&A
Q&A 12