Paragon Technologies Co., Ltd. · TWSE:3518
Paragon Technologies — Q1 2025 Earnings Presentation
22 slides from Paragon Technologies's earnings presentation, May 23, 2025
Slide 1: Paragon (3518TW)
Paragon (3518TW) 2025 / 05 / 23
Slide 2: Limiting responsibility
Limiting responsibility This presentation, together with any information disclosed concurrently, may contain forward-looking statements, including but not limited to the Company’s business outlook, financial condition, and operational forecasts. These statements are based on the Company’s internal
Slide 3: Contents
Company Overview Financial Information CONTENTS Progress report Operating status Q&A 3
Slide 4: Company Overview
Company ooo —_——_ Overview
Slide 5: Paragon (3518TW)
Paragon(3518TW) Paragon was established in 1995 as the world’s first company to apply vacuum sputtering thin film technology Establishment : 1995.10.20 to EMI/ESD solutions for 3C Capital : NTD 960 Million products. It is also the first Chairman : Mr. Kenny, Huang vacuum sputtering technology
Slide 6: About Paragon
About Paragon Taiwan HQ & RD Center EMI sputtering & PVD Silicon carbide products appearance coating - Established: 1995 year - Nankan Factory (2023.1) - Capital: NTD 960 million - Nanjing Factory / Neijiang Factory - Chiayi Factory(building) (PVD coating & equipment) 6 ~8 inches Silicon Carbide The
Slide 7: Development history
Development history As the world’s first company to apply vacuum sputtering thin film technology to EMI/ESD solutions for 3C products. The leading company of EMI suppliers in Notebook Market, 50% of market share. One of the few in the industr y with EMI manufacturing, PVD equipment and process desig
Slide 8: Financial Information
Financial —_____—« a Information
Slide 9: Q1 25' Consolidated Balance
Q1 25’Consolidated Balance Unit in NT$ Millon 2025.3.31 % 2024.12.31 % 2024.03.31 % cash& cash equivalents 753 36 1,069 49 722 48 Financial assets-current & noncurrent 427 21 228 10 56 4 Notes and accounts receivable 240 12 246 11 295 20 Inventories 16 1 20 1 18 1 non-liquid asset in suspense 10 0 1
Slide 10: Q1 25' Financial Structure
Q1 25’Financial Structure other 8% fixed assets 17% cash & cash equivalents accounts 54% receivable 12% financial assets 10% ITEM 2025Q1 2024 2023 2022 2021 Debt Ratio 33.50 33.37 21.49 16.30 24.54 Current Ratio 506.59 511.45 395.27 606.50 377.86 Cash flow Ratio (83.41) (33.46) (17.17) 63.32 31.54 1
Slide 11: 2025Q1 Consolidated income statement
2025Q1 Consolidated income statement Unit in NT$ Millon ITEM 2025Q1 2024Q4 QoQ% 2024Q1 QoQ% operating revenue 74 88 (14) 80 (6) Gross Profit 1 7 (6) 21 (21) operating expenses 40 52 (12) 48 (8) Operating Profit (39) (45) 6 (27) (13) non-operating revenue and expenses (33) 4 (37) 5 (38) continuing op
Slide 12: Revenue, Gross margin
Revenue ~ Gross margin 140,000 120,000 100,000 80,000 60,000 40,000 20,000 29.67% 202493 2024Q2 2024Q1 202304 202303 2023Q2 2023Q1 202204 202203 2022Q2 = Revenue 106,084 93,607 81,459 85,949 101,265 102,242 93,117 83,006 82,714 119,693 Gross margin 19.93% 19.51% 23.44% 25.00% 24.49% 28.74% 29.63% 9.
Slide 13: Q1 25' Consolidated Cash Flow
Q1 25’ Consolidated Cash Flow Unit in NT$ Millon 2025 ended 2024 ended March 31 March 31 Cash provided by (used in) operating activities (241) (56) Cash provided by (used in) investing activities (83) (13) Cash provided by (used in) financing activities (6) (25) Effects of exchange rate change on ca
Slide 14: Important events description
Important events description The Board of Directors approved the consolidated financial statements for the first quarter of 2025, reporting a basic loss per share of NT$0.94. (2025.05.07) In 2024, the Company conducted a cash capital increase, which was approved for filing by the China Securitie
Slide 15: Progress report
Progress report 15
Slide 16: SiC investment plan
SiC investment plan Budget : NT$899.53 million (First phase) Location : Chiayi Dapu Mei Intelligent Industrial Park Main products : 8-inch SiC wafer 2027 (second phases) Capacity : 3,000pcs/month • Passed certification from major Maximum capacity : 6,000pcs/month European and American auto
Slide 17: 8-inch factory progress description
8-inch factory progress description Phase I & II factory design, equipment selection and process planning. The first phase will have a monthly production capacity of New factory 2,000 pieces (2026), and the second phase will have a monthly planning production capacity of 6,000 pieces (2027). The fac
Slide 18: Operational status
Operational status 18
Slide 19: Product development
Product development Cost PVD Techno logy 8-inch 12-inch Thermal Substrate Advanced Packaging EV AI / AR spacer High Voltage Power Supply Satellites •Enhanced Thermal Dissipation and Energy Storage radar Package Structural Integrity Green Energy Systems Military Applications interpo
Slide 20: Operational status
Operational status SiC wafer products Compared to 6-inch wafers, 8-inch SiC wafers EMI coating products can reduce unit chip costs by up to 35%. Global 8-inch wafer fabs began ramping up for mass Due to the overall economic slowdown and rising tariff production in late 2024. As global players risks,
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Slide 22: True partner for a brighter
TRUE PARTNER FOR A BRIGHTER spokesman：Mingi Liu(CFO) TEL：(03)212-8833 E-mail：mingi@pttech.com.tw