Wnc Corporation · TWSE:6285
Wnc — Wistron NeWeb — Q1 2024 Earnings Presentation
20 slides from Wnc's earnings presentation, May 8, 2024
Slide 1: 2024 Investor Conference
2024 Investor Conference May 2024 □ Normal □ Internal Use ■ Confidential □ Restricted Confidential
Slide 2: Disclaimer
Disclaimer This presentation is being delivered to the recipient. The sole purpose of this presentation is to assist the recipient in understanding Wistron NeWeb Corporation ( WNC ). This presentation is not intended to form the basis of a decision to purchase securities or any other investment deci
Slide 3: Agenda
Agenda ■ Financial Information ■ Business Development Update ■ Summary ■ Q&A □ Normal □ Internal Use ■ Confidential □ Restricted Confidential 3
Slide 4: Q1 2024 Income Statement QoQ (Consolidated)
Q1 2024 Income Statement QoQ (Consolidated) (in NT$ million) Q1 2024 Q4 2023 QoQ Amount % Amount % % Net Revenue 25,585 100.0 29,685 100.0 -13.8 Realized Gross Profit 2,963 11.6 3,620 12.2 -18.1 Operating Expense 2,210 8.7 2,316 7.8 - 4.6 Operating Income 753 2.9 1,304 4.4 - 42.3 Non-operating Incom
Slide 5: Q1 2024 Income Statement YoY (Consolidated)
Q1 2024 Income Statement YoY (Consolidated) (in NT$ million) Q1 2024 Q1 2023 YoY Amount % Amount % % Net Revenue 25,585 100.0 25,266 100.0 1.3 Realized Gross Profit 2,963 11.6 2,804 11.1 5.7 Operating Expense 2,210 8.7 1,978 7.8 11.7 Operating Income 753 2.9 826 3.3 -8.8 Non-operating Income/(Loss)
Slide 6: 2024/3/31 Balance Sheet (Consolidated)
2024/3/31 Balance Sheet (Consolidated) (in NT$ million) 2024/3/31 2023/12/31 QoQ 2023/3/31 YoY Amount % Amount % Amount % Amount % Amount % Cash & ST Investments 13,639 19 10,969 16 2,670 24 5,556 9 8,083 145 A/R 21,192 30 22,985 33 (1,793) -8 18,799 30 2,393 13 Inventory 19,946 28 19,524 28 422 2 2
Slide 7: Agenda
Agenda ■ Financial Information ■ Business Development Update ■ Summary ■ Q&A □ Normal □ Internal Use ■ Confidential □ Restricted Confidential 7
Slide 8: Revenue Structure
Revenue Structure 2024 Q1 2024 Q1 Revenue by Customer Segment Revenue by Region Service Provider Enterprise Europe 54% 23% 12% Asia 15% America 73% 4% overlap Automotive Consumer Brand 24% 3% □ Normal □ Internal Use ■ Confidential □ Restricted Confidential 8
Slide 9: Business Strategy
Business Strategy Automotive Enterprise Service Provider Become supplier to EV Tier-1s Become major partner for enterprise Boost profits with go-direct business customers model Continue to develop key modules and sensor products for automotive Expand product portfolio from Wi-Fi and Expa
Slide 10: Product Matrix
Product Matrix PAN LAN WAN SAT Smart Home Broadband Access Satellite TV Home AIoT/Medical Smart OTT Box Wi-Fi 7/6E/6 4G/5G xPON, LEO Satellite Hub AP/Router/Extender CPE DOCSIS CPE Broadband UE Ka/Ku Outdoor Unit Modules EV Charger ADAS Satellite Radio Automotive Wi-Fi– Bluetooth® Module Automotive
Slide 11: Product Category
Product Category • Wireless Network (Wi-Fi 6/6E/7 Enterprise Access Point / Mesh Router / Repeater) • Network Infrastructure (Switch / SD-WAN / 5G RU / Smart NIC / 5G ORAN / Small Cell) Networking • Broadband Connectivity (Cellular CPE / PON CPE/ LEO UT) • Connected Device (OTT STB / Streaming TV St
Slide 12: WNC Global Manufacturing Campus Overview
WNC Global Manufacturing Campus Overview (NQX) (NQJ) Wistron NeWeb (Kunshan) WNC (Kunshan) (NYC) (S1) Hsinchu, Taiwan Juárez, Mexico New Kunshan, China Tainan, WebCom Communication Ha Nam, Taiwan (Kunshan) Vietnam Hsinchu Site New (VN1) (S3) Mexico Site NeWeb Vietnam Tainan Site □ Normal □ Internal
Slide 13: Manufacturing Excellence
Manufacturing Excellence Vietnam Taiwan China Mexico Ha Nam Site Hsinchu Site Kunshan Site×3 Juárez Site Tainan Site Manufacturing excellence characterized by localization, flexibility, efficiency, and sustainability Smart Production Smart Sustainable Smart Logistics Management Manufacturing Develop
Slide 14: Patents & Achievements
Patents & Achievements Patents 2,379 patents / 467 applications (As of Apr 30, 2024 ) R&D Achievements CES Innovation Awards 2022 Hsinchu Science Park Innovative Product Award 2021, 2018 Hsinchu Science Park R&D Accomplishment Award 2023, 2020, 2018 IT World Awards 2019, 2018 □ Normal □ Inte
Slide 15: Recognition
Recognition EcoVadis 2023 CDP 2023 CDP Gold Sustainability Rating Climate Change Water Security Top 4% B (Management) B (Management) Asiamoney FinanceAsia Institutional Investor Asia’s Outstanding Companies Poll 2024 Gold Medal for Best Managed 2023 Asia Executive Team Poll: 2023: Most Outstanding C
Slide 16: S&P Global's Sustainability Yearbook 2024
ESG Evaluation Results WNC Places in Top 1% in S&P Global’s Sustainability Yearbook 2024 Our CSA score placed us in the coveted Top 1% category, and was the highest score among the 63 companies assessed in the communications equipment industry. □ Normal □ Internal Use ■ Confidential □ Restricted Con
Slide 17: Sustainable Development Policy
Sustainable Development Policy Vision Strategy Become a trustworthy Incorporate environmental protection, social responsibility and communications solutions corporate governance into company operations and business strategies partner creating positive while continuing to strive for sustainable compe
Slide 18: Agenda
Agenda ■ Financial Information ■ Business Development Update ■ Summary ■ Q&A □ Normal □ Internal Use ■ Confidential □ Restricted Confidential 18
Slide 19: Summary
Summary □ Normal □ Internal Use ■ Confidential □ Restricted Confidential 19
Slide 20: Wistron NeWeb Corp. Q&A
Wistron NeWeb Corp. Q&A