Slide 1: 4Q23 Investor Conference
4Q23 Investor Conference 2024/02/22 ELAN Microelectronics Corporation
Slide 2: Sales Breakdown by Product Line (Consolidated)
Sales Breakdown by Product Line (Consolidated) Sales: NT$M 13,030 12,059 4,099 4,148 2,819 1,964 2,405 3,042 3,501 3,111 • Touch: Touchscreen Controller, Touchpad, Biometrics • Non-Touch: MCU, Pointing Stick, Affiliated Co. Products
Slide 3: 4Q23 Income Statement: YoY Comparison
4Q23 Income Statement YoY Comparison (Consolidated) NT$M 4Q23 % 4Q22 % YoY(%) Sales 3,111 100.0 1,964 100.0 58.4 Gross profit 1,458 46.9 766 39.0 90.3 Sales expense 81 2.6 130 6.6 G&A expense 112 3.6 98 5.0 R&D expense 539 17.3 519 26.4 OPEX 732 23.5 747 38.0 (2.0) Operating profit 726 23.4 19 1.0 3
Slide 4: 4Q23 Income Statement: QoQ Comparison
4Q23 Income Statement QoQ Comparison (Consolidated) NT$M 4Q23 % 3Q23 % QoQ(%) Sales 3,111 100.0 3,501 100.0 (11.1) Gross profit 1,458 46.9 1,651 47.2 (11.7) Sales expense 81 2.6 60 1.7 G&A expense 112 3.6 126 3.6 R&D expense 539 17.3 531 15.2 OPEX 732 23.5 717 20.5 2.1 Operating profit 726 23.4 934
Slide 5: 2023 Income Statement: YoY Comparison
2023 Income Statement YoY Comparison (Consolidated) NT$M 2023 % 2022 % YoY(%) Sales 12,059 100.0 13,030 100.0 (7.5) Gross profit 5,432 45.0 5,987 45.9 (9.3) Sales expense 370 3.1 581 4.5 G&A expense 479 3.9 457 3.4 R&D expense 2,149 17.8 2,165 16.6 OPEX 2,998 24.8 3,203 24.5 (6.4) Operating profit 2
Slide 6: Balance Sheets
Balance Sheets December 31, 2023 (Consolidated) NT$M Current assets 8,623 Cash and cash equivalents 2,614 Current financial assets 374 A/R&A/N 2,033 Inventory 2,111 Other current assets 38 Other current financial assets 1,453 Non-current financial assets 2,339 Fixed assets 1,518 Other non-current as
Slide 7: Cash Flow Statement
Cash Flow Statement December 31, 2023 (Consolidated) NT$M Income before tax 2,473 Dep & Amort. 363 Inc. of A/R & N/R (420) Dec. of inventory 1,428 Financial asset valuation loss 55 Inc. of A/P & N/P 491 Others (182) Operating Cashflow 4,208 Inc. F/A (701) Dividend received 34 Proceeds from return of
Slide 8: 1Q24 Guidance
1Q24 Guidance Based on Current Assumptions of Future Prospects, ELAN Expects: • Consolidate Revenue to be Approximately between NT$ 2.95Billion and NT$ 3.25Billion • Gross Margin to be about 47% to 49% • Operating Margin to be about 20.9% to 25.3% • ELAN’s forward-looking statements are subject to s
Slide 9: Thank You
T h a n k Yo u ELAN Microelectronics Corporation