Slide 1: Chenbro Micom 2023Q2 Earnings Call
Chenbro Micom 2023Q2 Earnings Call TWSE:8210 Aug. 2023 Confidential Contact : ir@chenbro.com 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: 2023Q2 Results Highlight
2023Q2 Results Highlight 2Q23 Revenue was NT$2,514M, UP 52.7% QoQ and DOWN 9.6% YoY 2Q23 Gross profit was NT$593M, UP 118.7% QoQ and UP 10.6% YoY 2Q23 Operating income was NT$343M, UP 672.6% QoQ and UP 14.7% YoY 2Q23 Net Income to Parent was NT$249M, UP 799.1% QoQ and DOWN 10.0% YoY Confidential 2
Slide 4: Revenue Breakdown
Revenue Breakdown By Product By Geography Confidential 3
Slide 5: Financial Highlights
Financial Highlights Revenue (NT$Mn) Gross Profie / Gross Margin Net Income / Net Margin EPS (NT$) Confidential 4
Slide 6: Quarterly Income Statement
Quarterly Income Statement NT$ million 22Q2 23Q1 23Q2 QoQ (%) YoY (%) Revenue 2,782 1,647 2,514 52.7 -9.6 Gross Profit 536 271 593 118.7 10.6 Operating Expenses 237 212 255 20.2 7.6 Net other income (expenses) -15 5 Operating Profit 299 44 343 672.6 14.7 Non Operating Income/(Loss) 74 -15 35 Income
Slide 7: Income Statement
Income Statement NT$ million 22H1 23H1 YoY (%) Revenue 4,871 4,160 -14.6 Gross Profit 916 864 -5.7 Operating Expenses 464 467 0.5 Net other income (expenses) -10 Operating Profit 452 388 -14.2 Non Operating Income/(Loss) 92 19 Income before Tax 544 407 -25.2 Tax Expenses 140 105 Net Income to Parent
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet NT$ million 2019 2020 2021 2022 23Q1 23Q2 QoQ (%) TOTAL ASSETS 6,405 8,037 11,253 12,325 11,390 11,843 3.98 Cash (Note1) 1,877 1,441 1,451 1,885 1,824 1,834 0.58 NR & AR (Note2) 1,637 1,753 2,372 2,367 1,606 2,286 42.31 Inventories 975 1,430 2,399 2,400 2,281 2,111 -7.43 F
Slide 9: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (In NT$ million) 22H1 23H1 YoY Beginning Balance (Note 1) 1,451 1,885 30% Cash inflow generated from operations (702) 837 (219%) Capital expenditures (497) (130) (74%) Proceeds from short-term/long-term debt 774 (739) (195%) Others 30 (19) (163%)
Slide 10: Dividend Distribution
Dividend Distribution Earnings Per Share: NT$8.32 Cash Dividend Per Share: NT$4.00 Item 2018 2019 2020 2021 2022 EPS 5.37 7.62 8.16 5.62 8.32 Dividend p/s (NT$) 4.00 4.60 4.00 3.00 4.00 Cash yield (%) 6.3% 4.7% 5.1%note2 4.6% 2.6% Payout ratio (%) 75% 60% 49% 53% 48% Note: 1. 2018-2022 yields are ba
Slide 11: Q&A
Q&A Contact : ir@chenbro.com Confidential 10
Slide 12: www.chenbro.com
www.chenbro.com Confidential 11