Slide 1: 2021 Investor Conference
ZENITRON 2021 Investor Conference 2021.11.12 www.zenitron.com.tw
Slide 2: Safe Harbor Statement
Safe Harbor Statement Zenitron’s forward-looking statements, which may include statements regarding its results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on Zenitron’s current expectations. Actual results may differ
Slide 3: Agenda
Agenda 1. Corporate Overview Spokesperson 2. 2021Q3 Financial Update Spokesperson 3. Questions and Answers Team 3
Slide 4: Overview
1.Overview A solution-centric distributor of semiconductor and electronic components, founded in 1982 and listed in 2000 (ticker: 3028 TT) Contract manufacturers, namely B2B markets, are the majority customers. The secondary being retail (B2C) market Y2021Q1~Q3 revenues of NT$31.7bn, up 31% Yo
Slide 5: Overview: Zenitron locations
. NaTRON 1.Overview ~~ Zenitron Corporation OUR Location 18 Sales offices (e) Headquarter 2 Warehouse @ Sales Offices Beijing ry aA e ee ° Shanghai SS * =. | GF Ningbo GMM Taipei / Headquarter Hsinchu Taichung © Kaohsiung Chengdu
Slide 6: Revenue
2.Financial Update Revenue NT$Bn YoY +31% 40 34.4 31.0 31.7 30 27.6 27.0 22.3 20 10 0 Y2016 Y2017 Y2018 Y2019 Y2020 Y21(Q1~Q3) 6
Slide 7: Statement of Comprehensive Income
2.Financial Update Statement of Comprehensive Income unit:NT$Mn Y2021Q1~Q3 Y2020Q1~Q3 Key accounts %YoY $ % $ % Net Operating Revenue 31,733 100% 24,222 100% 31% Gross Profit 1,881 6% 1,162 4% 62% Operationg Expenses (1,058) -3% (835) -3% 27% Operating Income 822 3% 327 1% 151% Financing Cost (87) 0
Slide 8: Statement of Comprehensive Income (quarterly)
2.Financial Update Statement of Comprehensive Income unit:NT$Mn Y2021Q3 Y2021Q2 Y2021Q1~Q3 Y2020Q1~Q3 Key accounts %QoQ %YoY $ % $ % $ % $ % Net Operating Revenue 10,893 100% 10,372 100% 5% 31,733 100% 24,222 100% 31% Gross Profit 682 6% 643 6% 6% 1,881 8% 1,162 5% 62% Operationg Expenses (390) -4%
Slide 9: Balance Sheet
2.Financial Update Balance Sheet Unit:NT$Mn 2021/9/30 2021/6/30 2020/9/30 Key accounts $ % $ % $ % Cash and cash equivalents 1,493 7% 1,424 7% 1,411 8% Accounts receivable 9,957 50% 9,322 49% 8,884 53% Inventory 6,726 34% 6,474 34% 4,443 27% Other current assets 269 1% 217 1% 1,153 7% Non-current as
Slide 10: Revenue by Geography (ship-to destination)
2.Financial Update Revenue by Geography (ship-to destination) 100% 80% 60% 83% 89% 88% 86% 90% 92% China 40% Taiwan 20% 17% 11% 12% 14% 10% 8% 0% Y2016 Y2017 Y2018 Y2019 Y2020 Y21(Q1~Q3) REVENUE (NT$Bn) China YoY +34% 35 31.1 29.0 30 27.1 25 23.1 20 Taiwan 15 China 10 5 3.9 3.9 3.3 2.7 0 Y2018 Y2019
Slide 11: Revenue by Customer
2.Financial Update Revenue by Customer 100% 0.4% 0.4% 0.3% 0.4% 0.4% 0.3% 80% 41.9% others 50.4% 55.2% 53.7% 62.3% 64.8% 60% China based 40% Taiwan 57.6% 49.3% 44.8% 46.3% based 20% 37.3% 34.9% 0% Y2016 Y2017 Y2018 Y2019 Y2020 Y21(Q1~Q3) Revenue (NT$Bn) 25 China YoY +38% 21.4 20.5 20 Taiwan 17.1 bas
Slide 12: Revenue by Application
2.Financial Update Revenue by Application 12
Slide 13: Revenue by Application
2.Financial Update Revenue by Application 9 REVENUE NT$Bn 7.8 8 7 5.8 6 Y2019 5 3.9 4.5 Y2020 4 3.5 3.43.4 3.7 3 3.1 3.0 2.82.7 2.7 2.9 2 1.7 1.7 1.6 1.0 1.1 1.1 1 0 IT/Computing EMS Telecom & Retail Consumer Industrial Power Supply Automotive Handheld Others Communication Electronics 8 REVENUE NT$B
Slide 14: EPS & ROE%
2.Financial Update EPS & ROE% 14
Slide 15: NWC/Sales & ROWC
2.Financial Update NWC/Sales & ROWC 0.5 7.6% 8% 6.8% 6.9% 0.4 6% 5.0% 4.4% 0.3 4.2% 4% 0.2 0.34 0.31 0.29 0.28 0.28 0.26 2% 0.1 0.0 0% Y2016 Y2017 Y2018 Y2019 Y2020 Y21(Q1~Q3) NWC/Sales ROWC 15
Slide 16: Operating Cash Cycle
2.Financial Update Operating Cash Cycle 140 124 117 120 108 109 109 101 100 80 60 40 20 0 Y2016 Y2017 Y2018 Y2019 Y2020 Y21(Q1~Q3) AR days 92 79 86 105 89 84 Inventory days 75 71 74 76 63 64 AP days 50 49 52 56 42 39 Operating Cycle 117 101 108 124 109 109 AR days Inventory days AP days Operating Cy
Slide 17: 2022 Outlook
2022 Outlook • Telecom & Networking - Booming 5G market drives Backbone Infrastructure sector growth : Server, PON, Gateway, Base Station • Automotive : robust energy-saving electronics demand due to Automotive electrification • Panel: we keep raising share rate among top panel makers • Power Supply
Slide 18: Questions & Answers
- NITRO 3.Questions & ANSWEFS — spnsanss orporatio A ¢ u 18