Slide 1: 2024 Q2 Investor Presentation
Chenbro Micom 2024 Q2 Investor Presentation Aug. 9, 2024 ir@chenbro.com Confidential 0
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as
Slide 3: 24Q2 Results Highlight
24Q2 Results Highlight Revenue Gross Profit NT$3,607M NT$913M QoQ YoY QoQ YoY GM +30.1% +43.5% +32.5% +54.0% 25.3% Operating Profit EPS NT$583M NT$3.77 QoQ YoY OPM QoQ YoY +31.3% +70.0% 16.2% +24.4% +82.1% Confidential 2
Slide 4: 24H1 Results Highlight
24H1 Results Highlight Revenue Gross Profit NT$6,381M NT$1,602M YoY YoY GM + 53.4% + 85.4% 25.1% Operating Profit EPS NT$1,027M NT$ 6.80 YoY OPM YoY +164.9% 16.1% +195.7% Confidential 3
Slide 5: Revenue Breakdown
Revenue Breakdown By Product By Geography Confidential 4
Slide 6: 2024Q2 - Quarterly Income Statement
2024Q2 - Quarterly Income Statement (NT$Mn) 24Q2 24Q1 QoQ 23Q2 YoY Net Revenue 3,607 2,773 30.1% 2,514 43.5% Gross Profit 913 689 32.5% 593 54.0% Operating Profit 583 444 31.3% 343 70.0% Non-Operating Income(Loss) 25 50 (50.0%) 35 (28.6%) Pretax Profit 608 494 23.1% 378 60.8% Tax Expenses 151 118 28
Slide 7: 2024H1 - Income Statement
2024H1 - Income Statement (NT$Mn) 24H1 23H1 YoY Net Revenue 6,381 4,160 53.4% Gross Profit 1,602 864 85.4% Operating Profit 1,027 388 164.9% Non-Operating Income(Loss) 75 19 294.7% Pretax Profit 1,102 407 170.8% Tax Expenses 269 105 156.2% Net Profit to Parent 818 277 195.3% EPS(NT$) 6.80 2.30 195.7
Slide 8: 2024Q2 - Consolidated Balance Sheet
2024Q2 - Consolidated Balance Sheet (NT$Mn) 2024.06.30 2024.03.31 QoQ 2023.06.30 YoY Total Assets 15,059 13,737 9.6% 11,843 27.2% Cash (Note 1) 3,348 3,711 (9.8%) 1,834 82.6% NR & AR 3,787 2,780 36.2% 2,286 65.7% Inventories 1,834 1,655 10.8% 2,111 (13.1%) Fixed Assets 5,298 4,972 6.6% 4,998 6.0% To
Slide 9: 2024Q2 - Consolidated Cash Flow Statement
2024Q2 - Consolidated Cash Flow Statement (NT$Mn) 24Q2 23Q2 YoY Beginning Balance (Note 1) 2,980 1,885 58% Cash inflow generated from operations 721 837 (14%) Capital expenditures (506) (130) 289% Proceeds from short-term/long-term debt (960) (739) 30% Proceeds from convertible bonds 1,092 0 100% Ot
Slide 10: Dividend Distribution
Dividend Distribution 2019 2020 2021 2022 2023 EPS(NT$) 7.62 8.16 5.62 8.32 9.03 Dividend(NT$) 4.60 4.00 3.00 4.00 5.00 Dividend Yield 4.7% 5.1% 4.6% 2.6% 1.7% Payout Ratio 60% 61% 53% 48% 55% 【Notes】 • 2018-2023 yields are based on Chenbro’s closing share price on the day before ex-dividend day. •
Slide 11: Business Outlook
Business Outlook Driven by the AI server and general server demands from end customers, we have confidence in revenue growth and the sustainability. In response to volatile operating environment, we have launched several programs to ensure stable operation. We aim to continuously improve gross i
Slide 12: Critical Events
Critical Events Computex – AI x Chenbro, Nvidia MGX ecosystem partner "AI x Chenbro" showcased the latest NVIDIA MGX chassis products, cloud server chassis solutions based on OCP (Open Compute Project) DC-MHS, and server chassis products compatible with Intel and AMD platforms. During his keynote ad
Slide 13: Q&A
? ? ? Q&A ? Confidential 12
Slide 14: www.chenbro.com
www.chenbro.com Confidential 13