Slide 1: IMI Analyst Briefing 2025 Q1
IMI Analyst Briefing 2025 Q1 May 8, 2025 Online
Slide 2: Market Outlook
Market Outlook
Slide 3: Economic Growth Figures
Economic Growth Figures • Uncertainty from government 3.2 2.8 3.0 policy shifts 0.9 1.2 • Growth rate forecasts marked 0.8 down in the past few months WORLD Eurozone 2024 2025 2026 as tariff situation unfolds • Inflation to decrease slower than initially expected United States 0.6 0.6 0.1 Japan 2024
Slide 4: Automotive Market Outlook
Automotive Market Outlook • Escalating trade tensions has disrupted supply chains and increased costs for certain manufacturers reliant on international trade • Lingering high interest rates have dampened consumer enthusiasm particularly in the EV market • Competition from Chinese EV manufacturers a
Slide 5: Industrial Market Outlook
Industrial Market Outlook • AI being deployed as proactive threat management in industrial security applications • Data center business identified as key growth market – also emphasizing need for energy efficient technologies • Battery innovation continues with growing need for high energy density e
Slide 6: Financials
Financials
Slide 7: 2025 Q1 Segment Updates
2025 Q1 Segment Updates -18.3% ➢ Automotive: • Decreased demand from European end-customers affecting OEM sales • Automotive camera revenues from IMI Philippines also affected by market slowdown Automotive • IMI managing uncertainty from tariff situation with European 202.5 165.4 tier 1’s and OEMs •
Slide 8: 2025 Q1 Region Updates
2025 Q1 Region Updates ➢ Philippines: • Recovery of industrial business in the Philippines primarily from security products • Continued growth of new industrial business lines '24 Q1 '25 Q1 Y/Y% • Lean organizational structure leading to improved profitability PH 56.3 57.6 2% ➢ China: CN 56.5 42.2 -
Slide 9: 2025 Q1 Group Performance (Non-GAAP)
2025 Q1 Group Performance (Non-GAAP) CORE Revenue and Gross Profit Margin Operating Income 480 9.0% *6.8% reported 9.5% 10. 5% 13.0 3.1% 5. 8.0% 7.6% 7.9% 0.9% 0.6% 0.5% -0.1% 430 3. 8.5 % 380 8.0 1. 330 8.1 -1 6.5 % 280 28 21 34 6.4 5.6 34 28 4.3 3.4 3.0 -3 230 4.5 % -5 180 262 255 241 '24Q1 '24Q2
Slide 10: 2025 Q1 Group Performance (Non-GAAP)
2025 Q1 Group Performance (Non-GAAP) CORE EBITDA 20.0 15.0 0.5 10.0 • Direct Material Cost improvement 13.3 12.2 11.9 13.7 from renegotiation with suppliers 5.0 9.9 and identification of alternative components - '24Q1 '24Q2 '24Q3 '24Q4 '25Q1 (1.7) (1.0) (0.9) (5 .0) (5.7) • Better utilization of ove
Slide 11: Capital Structure
Capital Structure Long Term Long Term Debt Debt 20% 27% Common Common Equity Equity Dec 43% Mar 44% Short Term 2024 Short Term 2025 Debt Debt 30% 36% • $22.4M cash generated Dec Mar Dec Mar (US$ Millions) Key Financial Ratios from operations in Q1 2024 2025 2024 2025 Current ratio 1.39 1.43 • Long t
Slide 12: Disciplined Capital Investments
Disciplined Capital Investments 31.0 27.3 12.2 21.2 5.9 4.8 2.2 2.1 7.7 $1.6M 3.1 1.8 6.4 9.9 2025 Q1 2.3 3.1 0.9 3.7 2.7 4.3 0.6 8.8 2.5 2.6 1.9 0.9 2.4 3.7 2.2 Buildings………....…..… ........13% Machinery………..….….........11% 2021 2022 2023 2024 Furn & Fix………...............……7% Constr. in progress…..
Slide 13: Key Takeaways
Key Takeaways ➢ Positive Net Income and EBITDA • Core FOH and GAE decreased by $6.1 million in y-o-y in Q1 2025 o Shutdown of Chengdu facility and closure of various sites and offices in Europe and Asia o Flattened management organization • VIA FOH and GAE decreased by $6.3 million in y-o-y in Q1 20
Slide 14: Q&A
Q&A
Slide 15: connect with us
connect with us