Wistron Corporation · TWSE:3231
Wistron — Q3 2025 Earnings Presentation
23 slides from Wistron's earnings presentation, 2025
Slide 1: Wistron Corporation Investor Presentation
Wistron Corporation Investor Presentation
Slide 2: Disclaimer
Disclaimer ▪This presentation is private and confidential and is being made available to the recipient on the express understanding that it will be kept confidential and that the recipient shall not copy, reproduce, distribute or pass to third parties this presentation in whole or in part at any tim
Slide 3: What Has Changed Through the Past 20 Years?
What Has Changed Through the Past 20 Years? Wistron 1.0 Wistron 2.0 Wistron 3.0 Pre-2010 2011 - 2022 Now Notebook / Desktop AI Server + Product Focus Notebook Desktop Smartphone + Notebook / Desktop Server Networking Key Customers + + Smartphone Cloud Theme of the Cycle Notebook 核心事業 AI Geography Fo
Slide 4: Wistron Business & Product Strategies
Wistron Business & Product Strategies Core Business Growth Platforms Next Engines Notebook AI AI Compute：AI Server, Autonomous Vehicles AI Compute Devices Network Compute：Switch & Desktop Automation Network Security Devices Enterprise Compute：Server Display Monitor & Storage Next Gen Communications
Slide 5: A Technology Powerhouse for ICT Products
A Technology Powerhouse for ICT Products Client Enterprise & Industrial & Service & Products Networking Automotive Recycling NB, DT, Monitor, VoIP Server, Storage, AI Server IPC, Enterprise Mobility Repair and Peripherals AI Compute Devices, Professional Display Spare Parts Services Switch, Router A
Slide 6: Seamless AI Ecosystem Across the Value Chain
Seamless AI Ecosystem Across the Value Chain Cloud & Enterprise AI Edge & Client AI Broad Customer Base After Sales Baseboard/Compute Board AI PC Enterprise A Reconfiguration AI Component UBB Compute Board Server ODM Industrial PC CSPs Repair B Networking Switch AI System Spare Parts Services Growth
Slide 7: Wistron's Resilient Business Positions
Wistron’s Resilient Business Positions Top 3 Top 2 Top 1 Notebook PC Display Monitor Enterprise ICT Industry Desktop PC AI Server Network Enterprise Mobility Server MB After-sales Services AI Compute Devices Security Device (Industrial Handheld) (by Revenue) Device 7
Slide 8: Global Operations – Manufacturing
Global Operations – Manufacturing Czech Republic Vietnam China Brno Tỉnh Hà Nam Chongqing Kunshan Server NB NB Automotive U.S.A Data Center DT DT Display Docking Fremont Server Dallas Networking Chengdu Zhongshan AI Server NB Server, DT, VoIP AI compute devices DT Display, Keyboard Docking Network d
Slide 9: Global Operations – R&D Centers
Global Operations – R&D Centers China U.S.A. Kunshan Taiwan Shanghai Zhongshan Wuhan Chongqing Taipei Chendu Hsinchu Tainan Kaohsiung San Jose 9
Slide 10: After-sales Service Network
After-sales Service Network Europe Asia Czech Republic Brno Taiwan Taipei, Hsinchu Americas Turkey Istanbul Japan Narashino U.S.A. Dallas, McKinney China Kunshan Mexico Mexico City Singapore Brazil São Paulo Philippines Subic Bay India Bengaluru 10
Slide 11: End-to-End Solutions Offering One-Stop Shop
End-to-End Solutions Offering One-Stop Shop Design Manufacturing & Logistics • Software • Assembly services • Industrial design • Quality management and control services • Electronic / mechanical engineering • Global supply chain management After-Sales Services Technical Services • LCM modules • Man
Slide 12: End-to-End Extensive Services from Product Concept to After-Sales Support
End-to-End Extensive Services from Product Concept to After-Sales Support Prototype Concept Early Design Automated Prototype Concept Early R&D Investment Discussion Engagement Manufacturing High Product Quality Discussion 1,400 Software Engineers Efficient Distribution 6,500 Engineers Reverse Logist
Slide 13: Wistron Group Companies
Wistron Group Companies Wistron Corporation A Forbes Global 2000 company supplying innovative ICT products, services, and systems Wistron Medical Technology WNC WITS Corp. WiAdvance Technology Corporation A leader in contract Industry-leading provider of software development broadband communications
Slide 14: Wistron's Vision and Missions
Wistron’s Vision and Missions Sustainability through Innovation Environmental Social Governance Innovation Sustainability Sustainability Vision Missions Aspects Strategies Trusted Innovation Partner for Technology, Sustainable supply base Recycling Sustainability & Better Lives Green products Decarb
Slide 15: ESG Awards and Recognitions
ESG Awards and Recognitions 15
Slide 16: Financial Highlights - 1
Financial Highlights - 1 Revenue (NT$ B) Operating Income (NT$ B) 1,466 53.1 985 1,049 39.0 862 867 27.4 27.4 16.3 2021 2022 2023 2024 1-3Q'25 2021 2022 2023 2024 1-3Q' 25 ROE (%) EPS (NT$) 17.0 6.11 6.43 14.0 14.7 12.8 11.4 4.01 4.08 3.76 2021 2022 2023 2024 1-3Q'25 2021 2022 2023 2024 1-3Q'25 16
Slide 17: Financial Highlights - 2
Financial Highlights - 2 Current Ratio (%) Quick Ratio (%) 137.3 83.2 81.8 125.4 127 115.3 119.6 69.9 64.1 60.9 2021 2022 2023 2024 3Q'25 2021 2022 2023 2024 3Q'25 Debt Ratio (%) EBITDA (NTD$ B) 81.4 99.2 76.4 72.6 71.5 68.3 59.2 41.7 45.4 30.5 2021 2022 2023 2024 3Q'25 2021 2022 2023 2024 3Q'25 17
Slide 18: Historical Income Statement
Historical Income Statement NT$ M 2024 2023 2022 2021 2020 Net Revenue 1,049,256 867,057 984,619 862,083 845,012 Realized gross profit 84,091 8.0% 68,983 8.0% 69,729 7.1% 51,135 5.9% 46,053 5.4% Total operating expenses 45,112 4.3% 41,593 4.8% 42,257 4.3% 34,760 4.0% 31,582 3.7% Operating income 38,
Slide 19: Income Statement (1-3Q'25 vs. 24)
Income Statement (1-3Q’25 vs. 24) NT$ M 1-3Q 2025 1-3Q 2024 YoY Net revenue 1,465,582 752,074 94.9% Realized gross profit 93,474 6.38% 60,058 7.99% 55.6% Operating expenses 40,394 2.76% 32,937 4.38% 22.6% Operating Income 53,080 3.62% 27,121 3.61% 95.7% Non-operating Income/(Expenses) Interest incom
Slide 20: Income Statement (3Q'25 vs. 2Q'25 and 3Q'24)
Income Statement (3Q’25 vs. 2Q’25 and 3Q’24) NT$ M 3Q 2025 2Q 2025 QoQ 3Q 2024 YoY Net revenue 567,805 551,291 3.0% 272,542 108.3% Realized gross profit 41,965 7.39% 24,453 4.44% 71.6% 22,745 8.35% 84.5% Operating expenses 14,822 2.61% 13,666 2.48% 8.5% 11,336 4.16% 30.8% Operating Income 27,142 4.7
Slide 21: Balance Sheets
Balance Sheets NT$ M 2025/09/30 2025/06/30 2024/09/30 Cash & ST Investments 77,475 8% 83,080 9% 75,320 14% A/R 298,612 31% 317,261 36% 185,819 34% Inventory 425,314 44% 347,969 39% 173,534 31% Other current Assets 22,319 2% 19,401 2% 19,380 3% Total Current Assets 823,720 86% 767,711 86% 454,053 82%
Slide 22: Dividend History
Dividend History 2020 2021 2022 2023 2024 Cash (NT$) 2.2 2.2 2.6 2.6 3.8 Stock (NT$) - - - - - EPS (NT$) 3.10 3.76 4.01 4.08 6.11 Cash Dividend Payout (%) 71% 59% 65% 64% 62% Total Dividend Payout (%) 71% 59% 65% 64% 62% 22 22
Slide 23: Thank You!
Thank You! wistron