Asustek Computer Inc. · TWSE:2357
Asustek Computer — Asustek Computer Inc Regs — Q2 2023 Earnings Presentation
22 slides from Asustek Computer's earnings presentation, Aug 11, 2023
Slide 1: ASUSTEK 2Q 2023 Investor Conference
ASUSTEK 2Q 2023 Investor Conference
Slide 2: Disclaimer
Disclaimer ASUSTeK’s presentation contains forward-looking statements subject to significant risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. The forward-looking statements in this release reflect the current belief of ASUS as of t
Slide 3: Agenda
Agenda • 2Q 2023 Financial Result • Strategy & Outlook • Q&A
Slide 4: 2Q 2023 Financial Result
2Q 2023 Financial Result
Slide 5: 2023 2Q Brand Income Statement
2023 2Q Brand Income Statement in NT$ Mn 2023 2Q 2023 1Q QoQ 2022 2Q YoY Net Revenue 107,488 102,376 5% 115,210 -7% COGS (94,040) (94,128) 0% (101,153) -7% Gross Profit 13,448 8,247 63% 14,056 -4% Operating Expenses (12,229) (11,900) 3% (12,087) 1% Operating Profit 1,219 (3,653) -133% 1,970 -38% Non
Slide 6: 2023 2Q Non-OP Items
2023 2Q Non-OP Items in NT$ Mn 2023 2Q 2023 1Q QoQ 2022 2Q YoY Interest Income (net) 571 482 18% 120 375% Investment Income 351 290 21% 562 -38% Askey (118) (49) -142% (1) -8109% Others 469 339 38% 564 -17% Exchange Gain/(Loss) (73) 990 -107% (699) 90% Dividend Income 2 9 -71% 7 -64% Other Income (n
Slide 7: 2023 2Q Brand Balance Sheet
2023 2Q Brand Balance Sheet in NT$ Mn Jun 30, 2023 Mar 31, 2023 QoQ Jun 30, 2022 YoY Cash & equivalents 54,704 58,829 -7% 27,299 100% Accounts receivable 91,352 86,539 6% 92,629 -1% Inventories 117,520 115,845 1% 206,170 -43% Current Assets 277,642 275,101 1% 340,814 -19% Long-term investments 115,2
Slide 8: Product Mix
Product Mix 2Q 2023 2Q 2022 Component Component 34% 33% PC PC 64% 67% Phone Phone 2% <1% 8
Slide 9: Region Mix
Region Mix 2Q 2023 2Q 2022 Americas EURP Americas EURP 22% 30% 25% 25% ASIA ASIA 48% 50% 9
Slide 10: 3Q 2023 Business Outlook
3Q 2023 Business Outlook • PC QoQ +20% • Component QoQ +10% 10
Slide 11: Strategy & Outlook
JUS _INSEARCH OF INCREDIBLE Strategy & Outlook
Slide 12: Business Stabilization
Business Stabilization mam Brand Revenue (NTS m) —®- Operating Margin % 132,935 127,962 115,210 117,359 107,488 102,376 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 12 23Q3
Slide 13: ASUS One PC Strategy
ASUS One PC Strategy Agile and Synergistic Consumer Business Unit Organization Consumer Gaming PC PC Leadership Value Stream Maximization Commercial Business Unit Commercial PC Empowered Expansion Strategy Execution 13
Slide 14: Powering the Next Generation of Computing
Powering the Next Generation of Computing AI Server Platform Service On-premise Solutions AI at the Edge AI on the PC HPC Infrastructure AIHPC as a Service Turn-key Solution Enabling Real-time Insights Redefining the PC with AI for Enterprise GAI Technology Capabilities & A True Total Solutions Prov
Slide 15: Growth Enterprise Transformation
Growth Enterprise Transformation Multiple Drivers Commercial PC AIoT, Server, AI Server, AIHPC Enterprise *2X *5X ~ 10% Gaming PC, Graphics Card ROG Ally Gamer ~ 45% Robust Growth AI PC, Motherboard ProArt Creator Consumer ~ 45% Innovation Brand Position of 2022 revenue & Product Leadership &
Slide 16: System Business Group
System Business Group 23Q2 Revenue Gaming NB Leadership Higher Share of High Value Products - 5~10% YoY 25~30% 2023 Q2 >60% Premium PCs No. 1 Performance Market share • ASUS One PC Strategy: transforming into a more agile and synergistic organization with dual focus on consumer and commercial produc
Slide 17: Open Platform Business Group
Open Platform Business Group 23Q2 Revenue Motherboard Shipment Growth Enhanced Graphics Card Product Mix + 10% YoY ASP Growth + 0~5% YoY - 5% YoY 2023 Q2 Performance • No. 1 motherboard and graphics card: expanding gaming and ProArt creator lineups Business • ASUS received PCMag’s The Best of COMPUT
Slide 18: AIoT Business Group
AIoT Business Group 23Q2 Revenue 5G + AIoT Introducing Co-Winning Approach to Smart Manufacturing Upgrades ASUS AIoT Partner Alliance + 60% YoY 2023 Q2 AI Solutions Performance Customer- Data- Demand- Uniting over 60 solution providers Centric Centric Driven • Fostering smart manufacturing upgrades
Slide 19: Leadership, Diversity, Innovation
• The No. 1 choice of gamers and enthusiasts around the world LEADERSHIP • No. 1 Gaming NBs and RTX 40 series high-end NBs • The gaming handheld ROG Ally was ranked No. 1 in PC Gaming sales at major 3C channels in North America • Launched ROG Matrix RTX 4090 graphics card with INNOVATION world’s fir
Slide 20: Sustaining an Incredible Future
Sustaining an Incredible Future ASUS 2025 Sustainability Goals Circular Economy Responsible Manufacturing • Promote sustainable procurement and increase the • Achieve labor and human rights goals by completing use of environmentally friendly materials in products and 100% of RBA third-party audits o
Slide 21: Sustaining an Incredible Future
Sustaining an Incredible Future Transparency and Accountability Recognition by Three Consecutive Years of Asia-Pacific Climate Leaders Recognition by the for the Second Consecutive Time Asia Sustainability Reporting Awards 2022 Sustainability Report TCFD Report EP&L Report 21 (Task Force on Climate-
Slide 22: Q&A
JUS _INSEARCH OF INCREDIBLE Q&A
Asustek Computer Inc Regs — Q2 2023 Earnings Presentation on 6ix