Slide 1: Primax 1Q 2024 Investor Conference
Primax 1Q 2024 INVESTOR CONFERENCE April 29, 2024 Bring Experience To Life
Slide 2: Primax Speakers
58% Replace the Lorem Ipsum. Primax Speakers Primax 1Q 2024 Financial Results YY Hsiao General Manager CFO 64% Business Strategies And Growth Opportunities Ellen Tseng Replace the Lorem Ipsum. Senior Director Investor Relations Investor Feedback And Q&A With Primax Management PRIMAX ELECTRONICS – IN
Slide 3: Safe Harbor And Disclaimer
58% Safe Harbor And Disclaimer Replace the Lorem Ipsum. Primax’s presentation contains forward-looking statements subject to significant risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In this context, you can id
Slide 4: Primax 1Q24 Highlights
Primax 1Q24 Revenue, Gross Margin, Operating Margin Primax 1Q24 15.9% 16.3% 16.1% 15.9% Highlights 14.9% 4,0 00 18. 0% 16,065 15,723 16. 0% 3,5 00 Quarterly Quarterly Gross 3,0 00 2,562 2,567 14. 0% Revenue 14,677 Income & Margin 2,5 00 2,191 2,261 2,175 12. 0% (NT$mn) 14,023 (NT$mn/%) 2,0 00 10. 0%
Slide 5: 1Q24 Income Statement
Primax 1Q24 Income Statement (NT$mn) 1Q 2024 4Q 2023 1Q 2023 QoQ YoY Income Revenue 13,649 14,023 14,677 -2.7% -7.0% Statement COGS 11,473 11,762 12,486 Gross Profit 2,175 2,261 2,191 -3.8% -0.7% Despite of weak consumer demand Gross Margin (%) 15.9% 16.1% 14.9% - 0.2 ppt 1.0 ppt in 1Q24, Primax s
Slide 6: 1Q24 Balance Sheets
Primax 1Q24 Balance Sheets 1Q 2024 4Q 2023 1Q 2023 (NT$mn) Amount % Amount % Amount % Balance Cash Notes & Accounts Receivable 13,087 11,470 27% 24% 10,905 11,482 24% 25% 7,158 13,086 16% 29% Sheets Inventory Total Current Assets 7,742 34,965 16% 72% 7,996 32,936 17% 71% 8,627 32,038 19% 70% Fixed A
Slide 7: 1Q24 Statements Of Cash Flows
Primax 1Q24 Statements Of Cash Flows (NT$mn) 1Q 2024 4Q 2023 3Q 2023 2Q 2023 1Q 2023 Statements of From Operations - Income Before Tax 559 757 7,728 3,266 4,472 2,662 2,995 1,668 379 712 - Depreciation & Amortization 431 1,913 1,430 962 485 Cash Flows - Notes & Accounts Receivable (100) 3,449 571 87
Slide 8: 1Q24 Revenue Breakdown
Performance By Applications 1Q24 Revenue 26% 26% Breakdown 1Q23 45% Information Products Smart Lifestyle 1Q24 53% Information products mix rose to Auto / AIoT 53% due to PC/Gaming rush orders, 21% up 4.9% YoY 29% Smart lifestyle product contribution decreased sharply to 21% due to weak consumer
Slide 9: Product Portfolio
Diversified Product Portfolio Offers Comprehensive One-Stop-Shop Solutions Opto-Mechanical Electronics Product PC Peripheral Keyboard Module (KBM) Printer MFP (OME) Portfolio Gaming Wireless Charging / Docking NB Camera Information Products Information Products PC peripherals, OME, docking and int
Slide 10: 2Q24 Revenue And Profit Outlook
Primax 2Q24 Revenue And Profit Outlook Revenue Outlook Profit Outlook 2Q24 2Q24 down high single-digit YoY Weak demand for consumer audio and other consumer products 2Q24 profit likely see flattish YoY GM and OPM YoY improvement due to better product mix Outlook Tight Opex control Informat
Slide 11: Dividend Calendar
Cash Dividend Per Share, Dividend Payout And Dividend Yield 70% 73% Cash Dividend Dividend 80% 6.00 61% 64% 59% 70% 5.00 50% Cash Dividend Payout 3.90 4.00 60% Calendar 4.00 3.00 2.40 2.40 3.00 3.10 50% 40% 2.00 5.9% 4.8% 30% 5.3% 5.0% 20% 5.0% Primax's dividend payout remains at 1.00 4.4% 10% Yie
Slide 12: ESG Commitment And Recognition
Primax ESG Commitment And Recognition ESG Highlights Net Zero Commitment • Setting emissions reduction target under SBTi validation, aiming for carbon neutral by 2040 and net zero emissions by 2050 Dedicated ESG office led by • To reach RE40 with regular carbon progress disclosure in 2023 Chairman
Slide 13: Why Primax? Investment Thesis
Why Primax? Investment Growth Opportunities Capitalizing On Mega Trends Margin And Profit Expansions Thesis 3 senses in 1 strategy AIoT, smart home, 5G/ cloud/ AI, Better product and customer mix Strong proven record of consistent Car electronics (EV/ ADAS/ auto, new audio Increase new b
Slide 14: Questions & Feedback
Questions & Feedback PRWANX
Slide 15: Contact Us
CON TACT US IR Team. ELLEN.TSENG Investor Relations | Taiwan Ellen.Tseng@primax.com.tw ELLEN.HSIAO Ellen.Hsiao@primax.com.tw Follow Us For More www.primax.com.tw Copyright © 2024 Primax Electronics