Malaysian Pacific Industries Bhd. · MYX:MPI
Malaysian Pacific Industries Bhd — Q3 FY2026 Earnings Presentation
59 slides from Malaysian Pacific Industries Bhd's earnings presentation, May 2026
Slide 1: Investor Presentation Q3 FY2026
1 M A L A Y S I A N P A C I F I C I N D U S T R I E S B E R H A D I N V E S T O R P R E S E N T A T I O N Q 3 F Y 2 0 2 6 ( J a n - M a r ‘ 2 6 ) INVESTOR RELATIONS CONTACT Kaushal Mathur +60320809283 extn 89283 kaushal.mathur@carsem.com Malaysian Pacific Industries Berhad
Slide 2: Disclaimer
2 DISCLAIMER Malaysian Pacific Industries (MPI) provides access to this presentation for general reference only. This presentation is strictly confidential solely intended for communicating financials and may not be reproduced or circulated without MPI’s prior consent. If you are the recipient of th
Slide 3: Table of Content
1 3 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 4: Business overview
4 Business overview MPI – A member of the Hong Leong Group Hong Leong Group and MPI • The Hong Leong Group was established over 50 years ago and is one of The Hong Leong Group the largest conglomerates in Asia One of the Largest Conglomerates in Malaysia • Carsem is an operating company within Malay
Slide 5: Financial performance snapshot
5 Financial performance snapshot Strong fundamentals enable resilient outperformance in challenging conditions Revenue (RM million) PATAMI* growth (%) Debt 1,913 30% ZERO YTD FY26 YTD FY26 vs. YTD FY25 as of Q3 FY26 CAPEX (RM million) EBITDA (%) Net cash (RM million) 429 23% 738 YTD FY26 YTD FY26 as
Slide 6: Table of Content
1 6 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 7: Journey & capabilities
7 Our journey JOURNEY & CAPABILITIES Carsem Bangkok Carsem Suxiang Power Management 5G, 5G Test Memory – NOR, NAND - CuClip Technology for Cloud Server Farms RF – Smartphone Thin & Multi-Die WBG facility Sensors TVS SiC tech SiC, GaN, modules MLP – Small & Thin For auto, AI – X3 for Mobile Market Se
Slide 8: Management team
8 Management team Several years of deep consolidated experience in the industry Manuel Zarauza GROUP MANAGING DIRECTOR, MPI Over 25 years of manufacturing sector experience; Previously with Siemens, Osram Opto Semiconductors, and Seoul Semiconductor Prof. Ts. Dr. AJayandaran Lau Ping Ong Inderjeet S
Slide 9: Table of Content
1 9 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 10: Supply chain & business model
10 Supply chain & business model Carsem’s packaging & test services form a vital part of semiconductor value chain IC backend Boxing/ PCB manu- SMT SMT End Mask IC frontend production module/ System design IC Design facturing Assembly Assembly customer production production (Assembly & system (bareb
Slide 11: Wide portfolio
11 Wide portfolio COMPREHENSIVE TURNKEY PACKAGING & TEST SERVICES ACROSS KEY APPLICATIONS Automotive System in Quad Flat Package MLP Small Outline IC Package (SiP) (QFP) Industrial (inc. AI) Transient Voltage Power Management Consumer & MEMS & Sensors Copper Clip Flip Chip Suppressor (TVS) (SiC, GaN
Slide 12: Geographic footprint
12 Geographic footprint Broad geographic presence, serving a global customer base CARSEM SUXIANG, CHINA CARSEM NORTH AMERICA CARSEM S. KOREA CARSEM SUZHOU, CHINA CARSEM JAPAN CARSEM TAIWAN CARSEM BANGKOK, THAILAND CARSEM IPOH, MALAYSIA Wide bandgap S-site M-site (SiC/ GaN) LEGEND Manufacturing plant
Slide 13: Production facilities
13 Production facilities Carsem S-Site, Ipoh, Malaysia Carsem Suzhou, China • Floor Space: 640K sq. ft. (60,000 sq. m.) • Floor Space: 600K sq. ft. (56,000 sq. m.) • Workforce: 2,375 employees • Workforce: 2,711 employees • Applications: Automotive, Industrial • Applications: Automotive, Industrial,
Slide 14: Table of Content
1 14 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 15: Sustainability performance
15 Sustainability performance MPI is a reliable and recognized brand for sustainable business practices for FOUR successive years Top ESG ratings Diverse and inclusive organisation 6,508 permanent employees as of FY25 Gender diversity In top band of ESG ~50% ~50% ratings amongst all Leader in sustai
Slide 16: Environment
16 Environment Continuously identifying and implementing opportunities to optimize our GHG emissions, and energy & water consumption Wastewater concentration system to reduce hazardous waste at Carsem SZ Other notable initiatives • Chiller and AHU optimization at Carsem M • Building HVAC control sys
Slide 17: Training & education
17 Training & education Training and upskilling are among our topmost strategic priorities Quality Day – Quality Awareness Training 5S Internal Auditor Training ISO37001 Upgrade Training Information security Training OpenClaw AI Training Construction management system Training Malaysian Pacific Indu
Slide 18: Training & education
18 Training & education Training and upskilling are among our topmost strategic priorities InfluxDB & Grafana for Developers training Failure Mode & Effects Analysis Training Six Sigma Green Belt Training Firefighting Training Performance Management Training Akademi Dalam Industri (ADi) Malaysian Pa
Slide 19: Training & education
19 Training & education Training and upskilling are among our topmost strategic priorities Carsem Bangkok Strategy Day CSB HR Process Enablement Sessions An internal workshop to understand site’s key focus and targets. Provide employees with changes on ‘what’ and ‘how’ for each HR process. This work
Slide 20: Employee relations
20 Employee relations Employee engagement and CSR activities Carsem Suzhou Social Responsibility / Public Welfare Project High school students' social practice Malaysian Pacific Industries Berhad
Slide 21: Employee relations
21 Employee relations Employee engagement and CSR activities CSB Operations Sport Days CSB Operations Monthly Birthday CSB Quarterly All Hand Meeting CSB Operations Quarterly Star Team Thai Life Insurance Booth – Quarterly Influenza Vaccination program (High Performance Team) Award Offering financia
Slide 22: Employee relations
22 Employee relations Employee engagement and CSR activities CARSEM CERIA Internal Sports Event CCC (Carsem Charity Chest) donation Carsem Merdeka! Ken-Durian Malaysian Pacific Industries Berhad
Slide 23: Anti-bribery & anti-corruption
23 Anti-bribery & anti-corruption Leading ethically and transparently Certification for implementing Anti-Bribery Management Systems, complying with ISO 37001:2016. Operating subsidiaries Certifying authority Status Carsem M SIRIM QAS International Sdn. Bhd. Certified Shanghai Ingeer Certification A
Slide 24: Table of Content
1 24 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 25: Market outlook
25 Market outlook Promising semiconductor market outlook, buoyed by strong AI-driven tailwinds Industry on track for growth AI-driven boom in data centers and robotics presents strong opportunities for OSAT Humanoids – emerging growth vector Growth in demand for Sensors (MEMS), AI edge processors, P
Slide 26: Market outlook
26 Market outlook Automotive segment bottomed out and recovered substantially European EV demand showing strong rebound in early 2026 amid fuel-price shock and policy-driven electrification push Driver #1: Fuel price shock → direct trigger for EV substitution Driver #2: EU policy pivot → Energy Secu
Slide 27: Impact of Forex and input costs
27 Impact of Forex and input costs MPI delivered another quarter of strong performance amid rising cost pressures and global turbulence FX: USD strength Raw material price inflation Surge in electricity costs (RM/ kWh) Avg. exchange rate, USD-MYR, Jan-24 – Mar-26 Gold price avg., per troy ounce, May
Slide 28: Growth strategy
28 Growth strategy Our long term vision is to be the leading OSAT for automotive and AI, driven by 4 strategy tenets Sales Technology • Strategic sales across application & geography • Investing in wide band gap tech (SiC, GaN), power • Strategic acquisitions packages, custom sensors for auto, AI, 5
Slide 29: Sales – Profitable growth focus
29 Sales – Profitable growth focus MPI’s base business continues to deliver standout YoY growth MPI revenue (USD mil), excluding Carsem Bangkok MPI PATAMI (RM mil), excluding Carsem Bangkok +28% +25% 454 137 355 110 Note: YTD – Jul ‘25 to Mar ’26 Malaysian Pacific Industries Berhad
Slide 30: Sales – Revenue composition
30 Sales – Revenue composition AI-led growth and automotive recovery propels ~40% YoY revenue expansion in Q3 FY26 (in USD terms) AUTOMOTIVE CONSUMER & COMMUNICATIONS • 5G and IoT are unlocking multitude of use • Automotive sector recovered cases – smart cities, healthcare, etc. • Long term growth i
Slide 31: Carsem Bangkok integration
31 Sales Carsem Bangkok’s post acquisition integration is progressing as planned Several activities are ongoing: ✓ Rebranding, ✓ Cost-down programs, ✓ Digitalisation via new ERP and MES, ✓ People-centric: Leadership onboarding (culture & governance), ✓ Cross-site knowledge transfer (team visited Ipo
Slide 32: Sales – Future growth focus
32 Sales – Future growth focus Looking for strategic capability acquisitions to elevate technology leadership and move up the value chain Advanced Packaging/ IC packaging. e.g. design power modules Specialized Specialized materials and automation / equipments robotics Business should possess strong
Slide 33: Technology – Automotive segment
33 Technology – Automotive segment Innovating in line with strategy to be globally preferred OSAT partner for automotive Major trends impacting semiconductor demand (Mobility disruptions) Electrification Autonomy Connectivity Novel battery technologies, growth of electrical Surge in autonomous drivi
Slide 34: Technology – Industrial segment
34 Technology – Industrial segment Expanding portfolio aligned with trends in advanced packaging and testing for power semiconductors, esp. towards AI applications Major trends impacting semiconductor demand Industry 4.0 Big Data Higher performing devices with greater functionality driving models th
Slide 35: Technology – Consumer/ communications segment
35 Technology – Consumer/ communications segment Tapping into the 5G revolution via robust custom offerings Major trends impacting semiconductor demand 5G IoT High data rates, massive connectivity and ultra-low latency, catalyzing Need for combining functionalities – security, connectivity & micropr
Slide 36: Technology–Immediate focus: VPD
36 Technology–Immediate focus VPD (Vertical Power Delivery) technology development for AI data-center application at Carsem Suzhou VPD – 9x10x5mm/ 9x10x8mm Package Key applications ~85% Reduction of PDN losses • VPD is applied in AI data centers, covering not only the core boards but also SMPS (Swit
Slide 37: Technology–Immediate focus: Automotive and Robotics
37 Technology–Immediate focus Cutting edge technology development across Automotive and Robotics Hydrogen fuel cell – gas sensor Air flow sensor for ICE vehicles Custom design and manufacturing by Carsem ✓ Custom developed air flow sensor micromodule; enables improvement in air-fuel mixing ratio, le
Slide 38: Technology–Immediate focus: Pressure Sensors
38 Technology–Immediate Pressure Sensors For Automotivefocus Cutting edge technology development MOLD / PREMOLD PACKAGES (Hybrid) - Planning expansion of the capability readiness with SiP APPLICATION Lead frame Substrate Automotive under the hood and safety relevant Film assist molding Cavity fill K
Slide 39: Technology–Immediate focus: TPMS
39 Technology–Immediate focus Cutting edge technology development TPMS Government mandates for TPMS • Regulators now treating TPMS data as frontline safety information. From Jul 2024, the EU General Safety Regulation II requires TPMS on every new Gel passenger car, bus, truck and trailer. South Amer
Slide 40: Technology–Immediate focus: sTOLL
40 Technology–Immediate focus sTOLL 1st successful CLIP MOSFET at Carsem Suzhou sTOLL- new 7x8 mm² Power MOSFET package Perfect choice for future automotive applications up to 250 A Key applications • 12V EPS / 12 VBLDC / 12-48V DC-DC End applications •Motor driving End Customer (Battery supplier) f
Slide 41: Technology–Immediate focus: ESSOP
41 Technology–Immediate focus ESSOP Cu Wire for automotive application at Carsem Suzhou ESSOP - new 3.9x4.9 mm² power MOS package Multiple dies with integrated MOS (Solder) and IC (Epoxy) Key applications • 5~65W Lighting / 10~100W Heater / 0~100W Pump / 0~200W Power End applications End Customer (H
Slide 42: Technology–Immediate focus: TOLL
42 Technology–Immediate focus TOLL Package development at Carsem Suzhou TOLL- 9.9x11.7 mm² power MOS package TOLL - Si/GaN/SiC wafer End Applications Si MOS GaN SiC Si TOLL Application: • New Energy Vehicle Electronics • Power Supply & Energy Conversion • Industrial & Consumer Electronics BD POD GaN
Slide 43: Technology – Immediate focus: GaN for RF
43 Technology – Immediate focus GaN for radio frequency (RF) applications – 5G base stations Significant growth is projected for front end modules (FEM) in the next 8 years ✓Carsem Suzhou already has experience in FEM for 4G/5G, include DiFEM Module/DiFEM Module/Duplexer+ Quadruplext and Inregular S
Slide 44: Technology – Immediate focus: BGBM + Taiko
44 Technology – Immediate focus BGBM + Taiko Wafer B/G + CP (Chip/ Wafer Probe) One-Stop Service from Wafer Level Treatment BGBM & CP to ASSY & TEST BGBM & CP Process Flow Wafer Size Capability Process Taiko Non-taiko BG 8 inch 6/8/12 inch BM 6/8/12 inch 6/8/12 inch CP 8/12 inch 8/12 inch Back
Slide 45: Technology – Immediate focus: 5G Testing
45 Technology – Immediate focus 5G Testing 5G – Next Generation of mobile broadband Carsem Suzhou ✓ CSZ is working with 10+ customers for 5G device testing ✓ Completed 5G and Wifi7 RF test capability development, up to WiFi7 7.125GHz ✓ Continuing engagement with specialized customer for 5G FR2 (mmWa
Slide 46: Technology – Future focus: Satellite Communication
46 Technology – Future focus Satellite Communication Satellite Communication Growth Up Carsem Suzhou ✓ Continue to extend super high RF frequency up to 54 GHz Freq extension ✓ Coverage for mmWave applications: such as 5G, Satcom, Radar, and EW ✓ Engagement with specialized customer for satellite com
Slide 47: Technology – Future focus: Modules
47 Technology – Future focus Modules CARSEM SUZHOU Entirely new SMT Line 3D X - Ray C - Mold ✓ Invested in dedicated machines for FEM module line, capacity expansion for second line is ready in FY26 ✓ In production - regular & hybrid SiP package ✓ PAMiD Module under development, expected to start pr
Slide 48: Quality & productivity focus
48 Quality & productivity focus Leader in OSAT automation - Auto packing of reel Label print Stick Label Label Scan HIC/Desic MBB Packing Vacuum Visual Inspect Manual Packing • Auto Packing Presentation ✓ Reel Auto packing instead of manual packing to improve quality and efficiency; • Quality Improv
Slide 49: Awards and recognitions
49 Awards and recognitions Quality, People and ESG BEST SUPPLIER AWARDS received RBA recognition MSOSH Gold Class 1 Award 2025 under the Manufacturing & Chemical RBA Validated Assessment Program, Sectors category — a recognition for Xing Hao Kang Xi Jie Hua Te SILVER status excellent OSH performance
Slide 50: Table of Content
1 50 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 51: Financial highlights
51 Financial highlights Q3 FY26 snapshot: Strong, resilient, and consistently profitable growth at MPI REVENUE Despite overall market uncertainty, Q3 FY26 increased by ~40% YoY in USD terms compared to Q3 FY25 PATAMI Year till date (YTD: Jul ‘25-Mar ‘26) PATAMI in FY26 increased by 30% against YTD F
Slide 52: Key financials
52 Key financials FY26 set to extend track record of strong financial performance YTD FY26 YTD FY25 YoY Q3 FY26 Q3 FY25 Q3 vs Q3 RM mil RM mil % RM mil RM mil % Revenue 1,913.0 1,567.0 22% 651.6 519.9 25% PAT 188.3 147.0 28% 44.8 54.5 -18% PATAMI 143.8 110.3 30% 33.7 40.1 -16% EPS (sen) 72.32 55.32
Slide 53: Investments
53 Investments Carsem continues to prioritize strategic investments for long term growth EBITDA & CAPEX (in RM million), MPI • Installing new machines for capacity expansion • Hire more people across the globe to support business operations & sales • Invest in Research & Development to deliver lates
Slide 54: Cash
54 Cash Strong cash position maintained despite strategic acquisition investment • Mar-26 cash position is reflection of: acquisition completion, and normal Capex requirements • Cash position enables expansion, advanced capability investments, and resilience through semiconductor cycles Net cash (RM
Slide 55: Statement of profit or loss
55 Statement of profit or loss Q3FY26 Q3FY25 Changes RM '000 RM '000 % Revenue 651,574 519,904 25% Cost of sales (582,425) (452,490) 29% Gross profit 69,149 67,414 3% Operating expenses (28,278) (21,330) 33% Other operating income/(expenses) 5,930 2,852 108% Profit from operation 46,801 48,936 -4% I
Slide 56: Statement of financial position
56 Statement of financial position 31/03/2026 30/06/2025 RM'000 RM'000 Non-current assets Property, plant and equipment 1,843,646 1,297,074 Right-of-use assets 36,595 40,249 Investments 46 46 1,880,287 1,337,369 Current Assets Inventories 273,931 157,377 Trade and other receivables, including deriva
Slide 57: Statement of financial position
57 Statement of financial position 31/03/2026 30/06/2025 RM'000 RM'000 Equity Share Capital 352,373 352,373 Reserves 2,006,779 1,888,344 Treasury shares (160,858) (160,858) 2,198,294 2,079,859 Non-controlling interests 432,824 396,288 2,631,118 2,476,147 Non-current liabilities Borrowings 205,451 10
Slide 58: Summary
58 Summary Exciting times ahead: Bigger scale. Broader portfolio. More diversified risk Outperforming amid market challenges: 40% YoY revenue growth in Q3 FY26 (USD terms) Profitability healthy despite rising costs: PATAMI increased 30% in YTD FY26 (vs. YTD FY25) Integration of Carsem Bangkok on tra
Slide 59: Thank You
59 Thank You Malaysian Pacific Industries Berhad
Malaysian Pacific Industries Berhad — Q3 FY2026 Earnings Presentation on 6ix