14 slides from Integrated Micro-electronics's earnings presentation, Mar 13, 2025
Slide 1: IMI Analyst Briefing 2024 Q4
IMI Analyst Briefing 2024 Q4 March 13, 2025 Online
Slide 2: Market Outlook
Market Outlook
Slide 3: Economic Growth Figures
Economic Growth Figures • Growth forecast in Europe trending positively but weakness in 2024 significantly 3.2 3.3 3.3 affected automotive segment 1.4 • Continued disinflation will ease 1.0 0.8 cost of expansion and WORLD 2024 2025 2026 Eurozone reinvigorate consumer spending • Global uncertainty dr
Slide 4: Automotive Market Outlook
Automotive Market Outlook • Inflationary environment led to cautious consumer spending with reduced demand for non-essential features • Rebound expected in 2025 driven by easing supply chain constraints and improved consumer confidence • Despite pace of adoption to EV falling below expectations in 2
Slide 5: Industrial Market Outlook
Industrial Market Outlook • Growing need for real-time monitoring and threat prevention systems to safeguard critical infrastructure • Energy storage systems seen as key segment with increased adoption of smart grid technologies • Significant expansion of IoT devices and sensors within industrial se
Slide 6: Financials
Financials
Slide 7: 2024 Q4 Segment Updates
2024 Q4 Segment Updates ➢ Automotive: • Segment remains soft but trending positively with gradual -4.3% -6.1% recovery of European market • $120M ARP wins secured in 2024 • Delayed ramp up of steering application project has been Automotive 799.1 750.0 resolved and will progress in the next quarters
Slide 8: 2024 Q4 Region Updates
2024 Q4 Region Updates ➢ Philippines: '23 Q4 '24 Q4 Y/Y% '23 FY '24 FY Y/Y% • Softness from automotive market led to weak demand in cameras PH 66.4 57.3 -14% 279.6 236.8 -15% but offset by growth in certain customers including industrial payment systems CN 68.2 46.4 -32% 270.5 212.3 -22% • Gradual r
Slide 9: 2024 Q4 Group Performance (Non-GAAP)
2024 Q4 Group Performance (Non-GAAP) CORE Revenue and Gross Profit Margin Operating Income 10.1% 9.0% -0.4% -0.1% 0.9% 0.6% 0.5% 480 10. 5% 8.0% 7.6% 7.9% *6.8% reported 13.0 430 8.5 % 380 8.0 330 16 6.5 % 280 28 21 34 34 7.0 6.4 5.6 4.3 3.4 230 4.5 % 3.0 180 277 262 255 241 2.5 % 223 '23Q4 '24Q1 '2
Slide 10: Capital Structure
Capital Structure Long Term Long Term Debt Debt 23% 27% Common Common Equity Equity Dec 44% Dec 43% • $13M of debt repaid in Q4 2023 2024 to further reduce interest Short Term Short Term expenses Debt Debt 33% 30% • Cash at a comfortable Dec Dec level with additional credit (US$ Millions) Dec Dec 20
Slide 11: Disciplined Capital Investments $9.9M
Disciplined Capital Investments 31.0 27.3 5.9 12.2 21.2 18.7 4.8 3.8 2.2 2.1 7.7 $9.9M 3.8 3.1 1.8 6.4 2.3 3.1 2024 4.7 3.7 4.3 2.8 8.8 2.5 1.9 3.3 2.4 3.7 Buildings………....…..… .........3% Machinery………..….….........18% 2020 2021 2022 2023 Furn & Fix………...............……9% Constr. in progress….....…..
Slide 12: Key Takeaways
Key Takeaways ➢ $24M actual reduction in core FOH and GAE vs last year • Headcount reduction o Simplified organization structure o Removed non-core departments o Decentralized support functions o Increased accountability across all levels • Rationalization of footprint o USA, Japan, Malaysia, Singap
Slide 13: Q&A
Q&A
Slide 14: connect with us
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