Yageo Corporation · TWSE:2327
Yageo — Q3 2024 Earnings Presentation
22 slides from Yageo's earnings presentation, Nov 5, 2024
Slide 1: YAGEO Corporation Company Presentation
YAGEO Corporation Company Presentation November 2024 Copyright © 2024 YAGEO Group All Rights Reserved 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by YAGEO Corporation (the “Company”). This presentation and the materials provided herewith do not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an inducement to e
Slide 3: About YAGEO Group
About YAGEO Group Built Into Tomorrow Headquartered in Taipei, Taiwan, we harness our expertise to provide innovative, dependable solutions, enhancing our customers' products for a safer, more efficient, and interconnected future. 1977 40,000+ 100+ $4B 2K+ 273K+ Founded Global Locations Yearly Paten
Slide 4: Group Statement
Group Statement OUR MISSION Utilize our expertise to deliver innovative, reliable solutions that elevate our customers' products, shaping a safer, more efficient, and interconnected future. OUR VISION Leverage our manufacturing scalability, comprehensive product offering, and the ingenuity of our gl
Slide 5: Company Strategies
Company Strategies A Provide total solutions with broad product selections (resistors, capacitors, inductors, and wireless/power components) across all market segments with focus on new technologies (5G, automotive(EV), industrial, and IoT) E B Continue to grow organically Provide innovative and and
Slide 6: YAGEO at a Glance
YAGEO at a Glance ◼ YAGEO was founded in 1977, public listed on TWSE since 1993. ◼ Our expanded global community and footprint makes us an industry leader with greater opportunities for our employees and customers, and increased ability for high-growth segments and applications. • No. 1 in Chip resi
Slide 7: A Global Passive Component Leader
A Global Passive Component Leader ◼ YAGEO is the world’s only electronic component and service provider who has all three of the main pillars of the passive component industry—resistors, capacitors, and inductors, with each of the products having the leading position among its peers. ◼ YAGEO has ext
Slide 8: A Global Passive Component Leader
A Global Passive Component Leader ◼ As total passive component solution provider, YAGEO offers innovative global logistics, electronic data interchange, design-in services, web-based self-helped platforms, and online B2B interfaces with advanced IT solutions and other ease-of-doing-business tools. ◼
Slide 9: A Global Passive Component Leader
A Global Passive Component Leader ◼ YAGEO closed the merger deal of Nexensos, a global leader in premium platinum thin-film temperature sensors, in an all- cash transaction of EUR 79.4 million in April 2023. YAGEO continued to close another merger deal of Telemecanique Sensors in November 2023, a le
Slide 10: Broad Product Offering Targeting Key Verticals
Broad Product Offering Targeting Key Verticals IoT/ Medical/ Automotive Alternative Energy Industrial Monitoring/Power Communications High Reliability Consumer Computer Related Telecom Aerospace/ Defense High Voltage Portable Devices Chip Resistors Leaded Resistors MLCC Tantalum Capacitor Film Capac
Slide 11: Various Customer Base
Various Customer Base Brand : EMS / OEM : Distributor : Copyright © 2024 YAGEO Group All Rights Reserved 11
Slide 12: Leading Market Position
Leading Market Position Chip Resistors - Ranked No. 1 Tantalum Capacitors - Ranked No. 1 Others 4% Vishay 10% YAGEO 34% Others KEMET 43% Panasonic 14% 46% KOA AVX Vishay 9% Rohm 26% 2% Panasonic 6% 6% Copyright © 2024 YAGEO Group All Rights Reserved 12
Slide 13: Leading Market Position
Leading Market Position MLCCs - Ranked No. 3 Inductors - Ranked No. 3 CHILISIN Murata 13% SEMCO 31% 19% Others 40% TDK 20% YAGEO 13% + Others 15% KEMET 2% Murata AVX TDK Taiyo Yuden 15% Taiyo Yuden 3% 3% 13% 12% Copyright © 2024 YAGEO Group All Rights Reserved 13
Slide 14: 3Q2024 Sales Breakdown
3Q2024 Sales Breakdown NT$ 31,738 M QoQ +1% YoY +16% * By Customer HQ QoQ change Regions 2Q24 3Q24 (ppts) US 26% 26% 0 Europe 20% 19% (1) China 25% 25% 0 Rest of Asia 29% 30% 1 Copyright © 2024 YAGEO Group All Rights Reserved 14
Slide 15: 3Q2024 Sales Breakdown
3Q2024 Sales Breakdown NT$ 31,738 M QoQ +1% YoY +16% QoQ change Applications 2Q24 3Q24 (ppts) Automotive 20% 20% 0 Industrial 32% 29% (3) Telecom 9% 9% 0 Computing & ESs 22% 25% 3 Consumer 12% 12% 0 Aero/Def/Med 5% 5% 0 * In Q3 Segment was reclassed, moving Medical from Industrial to Aerospace / Def
Slide 16: 3Q2024 Income Statement
3Q2024 Income Statement YAGEO Consolidation (reviewed) Amount in NT$ Million 3Q24 2Q24 Q-Q 3Q23 Y-Y Amount % Amount % Change % Amount % Change % Net Sales 31,738 100.0 31,418 100.0 1.0 27,396 100.0 15.9 Cost of Sales (20,560) (64.8) (20,380) (64.9) 0.9 (18,290) (66.8) 12.4 Gross Margin 11,178 35.2 1
Slide 17: 3Q2024 Non-operating Items
3Q2024 Non-operating Items YAGEO Consolidation (reviewed) Amount in NT$ Million Q-Q Y-Y 3Q24 2Q24 3Q23 Change % Change % Foreign Exchange Gain (Loss) (76) 287 (126.3) 179 (142.3) Net Interest Income (Expense) 541 632 (14.4) 503 7.4 Investment Income on Equity-Method 94 98 (4.7) 80 17.4 Others (3) (9
Slide 18: Q1 to Q3 2024 Income Statement
Q1 to Q3 2024 Income Statement YAGEO Consolidation (reviewed) Amount in NT$ Million - Q-Q/Y-Y Change of Net Sales, Cost of Sales , and EPS is in %, the rest of Changes is in percentage point. - The financial data is based on T-IFRS Copyright © 2024 YAGEO Group All Rights Reserved 18
Slide 19: 3Q2024 Selected Balance Sheet Summary
3Q2024 Selected Balance Sheet Summary YAGEO Consolidation (reviewed) Amount in NT$ Million As of Sep 30 As of Jun 30 Q-Q As of Sep 30 Y-Y 2024 2024 Change % 2023 Change % Cash and cash equivalents 94,244 92,332 2.1 82,624 14.1 Receivables 22,832 23,569 (3.1) 21,151 7.9 Inventory 26,798 26,466 1.3 25
Slide 20: 3Q2024 Cash Flow
3Q2024 Cash Flow YAGEO Consolidation (reviewed) Amount in NT$ Million 3Q24 2Q24 Q-Q 3Q23 Y-Y Amount Amount Change % Amount Change % Net Cash Provided by (Used in) Operating Activities 8,282 5,254 57.6 9,654 (14.2) Net Cash Provided by (Used in) Investing Activities (3,876) (5,146) (24.7) (3,514) 10.
Slide 21: 3Q2024 Working Capital Management
3Q2024 Working Capital Management YAGEO Consolidation (reviewed) Amount in NT$ Million Q-Q Y-Y 3Q24 2Q24 3Q23 Change % Change % Accounts Receivable 22,832 23,569 (3.1) 21,151 7.9 DSO 67 65 2.1 69 (3.0) Inventory 26,798 26,466 1.3 25,099 6.8 DOH-Total Company (Amt) 118 119 (0.5) 126 (6.2) Accounts Pa
Slide 22: Thank you!
Thank you!謝謝你! WWW.YAGEO.COM Copyright © 2024 YAGEO Group All Rights Reserved 22