Zenitron Corporation · TWSE:3028
Zenitron — Q3 2023 Earnings Presentation
23 slides from Zenitron's earnings presentation, Nov 23, 2023
Slide 1: 2023 Investor Conference
2023 Investor Conference 2023.11.23
Slide 2: Safe Harbor Statement
Safe Harbor Statement ◼ All financial information contained here within is presented in conformity with International Financial Reporting Standards (IFRSs) ◼ Zenitron’s forward-looking statements, which may include statements regarding its results of operations, financial condition or business prosp
Slide 3: Agenda
AGENDA Overview CFO Financial Update CFO Operation Outlook CEO Q&A TEAM
Slide 4: Overview
OVERVIEW
Slide 5: Overview
Overview ⚫ Founded in 1982, a pioneer among Taiwan semiconductor & electronic component distributors ⚫ OTC listed in 2000 and Taiwan Stock Exchange listed in 2002 (ticker: 3028 TT) ⚫ Our mission is to provide value-added total solutions and services with leading technology in all aspects ⚫ Contract
Slide 6: Global Operations
Shanghai OUR Headquarters Global Operations Sales Offices：18 Warehouses：5 Beijing Beijing Ningbo Qingdao Zhengzhou Shenzhen Nanjing Hefei Shanghai Suzhou Ningbo Chengdu Qingdao Wuhan Chongqing Suzhou Xiamen Headquarters Hsinchu Shenzhen Taichung Nanjing Hong Kong Kaohsiung Hong Kong Hefei Bangkok Ta
Slide 7: Our advantages
Our advantages • Comprehensive product lines in all applications Comprehensive • Powerful marketing and operation Producsts infrastructure. • Stable and strong financial • Partners: Joint technical seminars, structure. team buildings, product trainings, • Sufficient working capital external event pl
Slide 8: Dedicated to creating well ROE
Dedicated to creating well ROE *Dividend payout ratio: current year dividend per *Dividend yield: dividend per share / previous day share / previous year Earnings Per Share(EPS) stock price before Ex-Dividend Date
Slide 9: Financial Update
FINANCIAL UPDATE
Slide 10: Statement of Comprehensive Income
Statement of Comprehensive Income unit:NT$Mn Y2023Q3 Y2023Q2 Y2023Q1~Q3 Y2022Q1~Q3 Key accounts %QoQ %YoY $ % $ % $ % $ % Net Operating Revenue 9,110 100% 7,877 100% 16% 24,293 100% 31,391 100% -23% Gross Profit 653 7% 529 7% 24% 1,775 6% 2,085 7% -15% Operationg Expenses -398 -4% -326 -4% 22% -1,06
Slide 11: Balance Sheet
Balance Sheet Unit:NT$Mn 2023/9/30 2023/6/30 2022/9/30 Key accounts $ % $ % $ % Cash and cash equivalents 1,833 8% 1,365 7% 1,394 6% Accounts receivable 9,151 41% 7,537 38% 8,645 37% Inventory 9,472 43% 9,262 46% 11,880 50% Other current assets 305 1% 312 2% 342 1% Non-current assets 1,309 6% 1,471
Slide 12: Revenue
i, 9 REVENUE =_ 50 . USD$bn 42.0 40.0 40 - 0 34.4 Oy, 31.0 “22% 30 | 27.0 243 20 4 10 | 0 2018 2019 2020 2021 2022 2023(Q1-Q3)
Slide 13: Revenue % - Shipment by Geography
REVENUE %-Shipment by Geography
Slide 14: Revenue % - Shipment by Customer Nationality
REVENUE %- Shipment by Customer Nationality
Slide 15: Revenue % - by Application
REVENUE %-by Application 100% 80% 60% 40% 20% 0% 11% 2018 10% 2019 2020 2021 2022 2023(Q1-Q3) Others © Industrial Electronics mEMS = Automotive m™ Handheld m Retail Telecom & Communication = Power Supply = IT/Computing = Consumer — ITRON
Slide 16: EPS & ROE
EPS & ROE *: ROE 2023(Q1-Q3) annualized data
Slide 17: Cash Conversion Cycle
Cash Conversion Cycle 200 4 mam AR Tunrover Days mam Inventory Turnover Days 192 180 | mes AP Turnover Days Cash Conversion Cycle, 160 140 120 100 80 60 40 20 ie) 2018 2019 2020 2021 2022 2023(Q1-Q3) AR Tunrover Days 86 105 89 83 79 95 Inventory Turnover Days 74 76 63 74 105 139 AP Turnover Days 52
Slide 18: ROWC & %Working Capital vs. Revenue
ROWC & %Working Capital vs. Renenue *: 2023(Q1-Q3) ROWC annualized data
Slide 19: Operation Outlook
OPERATION OUTLOOK
Slide 20: Operation Outlook
Operation Outlook ⚫ 2024 1H demand flat and weak ⚫ AI as a major growth momentum for market demand, boosting related application markets such as Server, MB, Server power supply industries. ⚫ Production cut in memory market leads to price hike and revenues likely to increase next year. ⚫ NB market re
Slide 21: Operation Outlook
Operation Outlook In response to market conditions, we take the following growth strategy. ⚫ Keep pushing forward in AI related applications development and carefully conducting prudent inventory policy. ⚫ Maintaining development in Automotive Electronics, constantly introducing new product lines su
Slide 22: Q&A
Q&A
Slide 23: Q&A
Q&A