Zenitron Corporation · TWSE:3028
Zenitron — 2020 Investor Conference
17 slides from Zenitron's conference presentation, Nov 20, 2020
Slide 1: 2020 Investor Conference
ZENITRON 2020 Investor Conference 2020.11.20 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. Overview Spokesman 2. Financial Update Spokesman 3. Questions and Answers Team 3
Slide 4: 1. 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 Y2020Q1~Q3 revenues of NT$24.2bn, up 21% Yo
Slide 5: 1. Overview
1.Overview Qingdao OUR Location 18 Sales offices Headquarter 2 Warehouse Sales Offices Nanking Beijing Beijing Qingdao Zhengzhou Shanghai Nanking Shanghai Hefei Wuhan Suzhou Ningbo Chengdu Wuhan Chongqing Taipei / Headquarter Xiamen Hsinchu Shenzhen Taichung Kaohsiung Hong Kong Taipei Chengdu Shenzh
Slide 6: Revenue
2.Financial Update Revenue NT$Bn 40 31.0 YoY +21% 30 27.6 27.0 23.6 24.2 22.3 20 10 0 Y2015 Y2016 Y2017 Y2018 Y2019 Y2020Q1~Q3 6
Slide 7: Statement of Comprehensive Income
2.Financial Update Statement of Comprehensive Income 7
Slide 8: Statement of Comprehensive Income
2.Financial Update Statement of Comprehensive Income 8
Slide 9: Balance Sheet
2.Financial Update Balance Sheet 9
Slide 10: Revenue by Geography (ship-to destination)
2.Financial Update Revenue by Geography (ship-to destination) 100% 80% 60% 88% 83% 89% 88% 86% 90% China 40% Taiwan 20% 12% 17% 11% 12% 14% 10% 0% Y2015 Y2016 Y2017 Y2018 Y2019 Y2020Q1~Q3 REVENUE (NT$Bn) 30 27.1 China YoY +26% 25 24.5 23.1 21.7 20 Taiwan 15 China 10 5 3.2 3.9 3.9 2.5 0 Y2017 Y2018 Y
Slide 11: Revenue by Customer
2.Financial Update Revenue by Customer 100% 0.4% 0.4% 0.4% 0.3% 0.4% 0.3% 80% 33.5% 41.9% others 50.4% 55.2% 53.7% 61.2% 60% China 40% based 66.1% 57.6% Taiwan 20% 49.3% 44.8% 46.3% 38.5% based 0% Y2015 Y2016 Y2017 Y2018 Y2019 Y2020Q1~Q3 Revenue (NT$Bn) 20 17.1 China YoY +39% 15 13.9 14.5 14.8 13.6
Slide 12: Revenue by Application
2.Financial Update Revenue by Application 100% 4% 3% 8% Others 14% 22% Handheld 19% 80% 4% 10% Automotive 3% 4% 10% 6% 9% Power Supply 60% 4% 5% 17% Industrial Electronics 15% 17% Consumer 40% 13% 10% 10% Retail 11% 10% 8% Telecom & Communication 20% 4% 11% 11% EMS 17% 11% 10% IT/Computing 0% Y2018
Slide 13: Revenue by Application
2.Financial Update Revenue by Application 6 5.1 REVENUE NT$Bn 5.7 5 4.5 4.5 Y2018 4 3.4 3.4 3.7 Y2019 3.1 3.0 2.8 3.0 3.1 3 2.7 2.3 2 1.7 1.1 1.1 1.0 1.0 1.1 1 0 IT/Computing EMS Telecom & Retail Consumer Industrial Power Supply Automotive Handheld Others Communication Electronics 6 REVENUE NT$Bn 5.
Slide 14: EPS & ROE%
2.Financial Update EPS & ROE% 2.5 Annualized 12% 9.9% 9.0% 8.9% 10% 2.0 6.7% 8% 1.5 6.0% 5.3% 6% 1.0 4% 0.5 2% 1.58 1.37 2.02 1.90 1.08 1.58 0.0 0% Y2015 Y2016 Y2017 Y2018 Y2019 Y2020Q1~Q3 EPS ROE% 14
Slide 15: NWC/Sales & ROWC
2.Financial Update NWC/Sales & ROWC 0.5 7.6% 8% 6.8% 6.5% 0.4 Annualized 6% 5.0% 4.7% 0.3 4.2% 4% 0.2 0.34 0.32 0.30 0.31 0.29 0.26 2% 0.1 0.0 0% Y2015 Y2016 Y2017 Y2018 Y2019 Y2020Q1~Q3 NWC/Sales ROWC 15
Slide 16: Operating Cash Cycle
2.Financial Update Operating Cash Cycle 140 124 120 117 120 108 111 101 100 80 60 40 20 0 Y2015 Y2016 Y2017 Y2018 Y2019 2020/9/30 AR days 91 92 79 86 105 92 Inventory days 74 75 71 74 76 55 AP days 45 50 49 52 56 37 Operating Cycle 120 117 101 108 124 111 AR days Inventory days AP days Operating Cyc
Slide 17: Questions & Answers
- NITRO 3.Questions & ANSWEFS — spsnssnss orporatio A ¢ u 17